EATON VANCE VARIABLE TRUST
N-1A/A, EX-99.(E)(2), 2000-11-17
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                                                                  Exhibit (e)(2)

                         EATON VANCE DISTRIBUTORS, INC.
                            The Eaton Vance Building
                                255 State Street
                                Boston, MA 02109
                            Telephone: (617)482-8260




                                                August 14, 2000



Mr. Samuel D. Isaly, President
OrbiMed Advisers, Inc.
767 3rd Avenue
New York, NY 10017

Dear Mr. Isaly:

     In order to encourage our distribution  efforts  connected with the sale of
shares of the Eaton Vance VT  Worldwide  Health  Sciences  Fund (the  "Fund") to
insurance  company  separate  accounts,  you have agreed to pay us an  aggregate
amount  equivalent  to one-third of the advisory fees you receive from the Fund.
You shall make such payments to us monthly  promptly  after the last day of each
month.  Such  payments  will be made  from your own  resources  and not from the
assets of the Fund.

     Kindly indicate your acceptance of the foregoing by executing a counterpart
of this agreement and returning it to us.

                                Eaton Vance Distributors, Inc.


                                By:     /s/ James B. Hawkes
                                        ---------------------------------
                                        James B. Hawkes, Vice President


     The foregoing is accepted as of the _____ day of August, 2000:


                                OrbiMed Advisers, Inc.



                                By:     /s/ Samuel D. Isaly
                                        ----------------------------------
                                        Samuel D. Isaly, President



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