Exhibit (l)
EATON VANCE MANAGEMENT
The Eaton Vance Building
255 State Street
Boston, MA 02109
(617) 482-8260
June 20, 2000
Floating Rate Portfolio
The Eaton Vance Building
255 State Street
Boston, MA 02109
Ladies and Gentlemen:
With respect to our purchase from you, at the purchase price of $100,000,
of an interest (an "Initial Interest") in Floating Rate Portfolio (the
"Portfolio"), we hereby advise you that we are purchasing such Initial Interest
for investment purposes and do not intend to withdraw the Initial Interest
within the next 24 months.
Very truly yours,
EATON VANCE MANAGEMENT
By: /s/ William M. Steul
-------------------------------
William M. Steul
Treasurer