EATON VANCE SPECIAL INVESTMENT TRUST
EV TRADITIONAL STOCK FUND
Supplement to Prospectus dated April 1, 1995
EV TRADITIONAL TOTAL RETURN FUND
Supplement to Prospectus dated May 1, 1995
1. Effective immediately, all purchases of shares of a
Fund of $1 million or more will be subject to a contingent
deferred sales charge ("CDSC") of 0.50% in the event of certain
redemptions within twelve months after the purchase. Such
purchases continue to bear no initial sales charge. (Such
purchases made before November 9, 1995 will continue to be
subject to a CDSC of 1% in the event of certain redemptions made
within eighteen months of purchase.) The Principal Underwriter
will compensate Authorized Firms responsible for such purchases
at the rate of 0.50% of the amount invested, and any CDSC
incurred will be retained by the Principal Underwriter.
The CDSC will be imposed on an amount equal to the lesser of
the current market value or the original purchase price of the
shares redeemed. Accordingly, no CDSC will be imposed on
increases in account value above the initial purchase price,
including any dividends or distributions that have been
reinvested in additional shares. It will be assumed that
redemptions are made first from any shares in the shareholder's
account that are not subject to a CDSC.
The CDSC is waived for redemptions involving certain
liquidation, merger or acquisition transactions involving other
investment companies. No initial sales charge or CDSC will be
imposed on Fund shares purchased by qualified retirement plans.
Shares of the Fund which are subject to a CDSC may be
exchanged into any of the funds listed under "The Eaton Vance
Exchange Privilege" without incurring the CDSC. The shares
acquired in an exchange may be subject to a CDSC upon redemption.
For purposes of computing the CDSC payable upon redemption of
shares acquired in an exchange, the holding period of the
original shares is added to the holding period of the shares
acquired in the exchange.
Consistent with the foregoing, the "Shareholder and Fund
Expenses" table is revised by replacing the line "Contingent
Deferred Sales Charges Imposed on Redemptions" with the
following:
Contingent Deferred Sales Charges (on purchases of
$1 million or more) Imposed on Redemptions During
the First Twelve Months (as a percentage of
redemption proceeds exclusive of all reinvestments
and capital appreciation in the account) 0.50%
In addition, the sales charge table under "How to Buy Fund
Shares" is revised by replacing the line "$1,000,000 or more"
with the following:
Sales Sales Dealer
Charge Charge Commission
as Percent- as Percent- as Percent-
age of age of age of
Offering Amount Offering
Amount of Purchase Price Invested Price
$1,000,000 or more 0.00% 0.00% 0.50%
2. The following is added to "How to Buy Fund Shares":
Shares of a Fund may be sold at net asset value to
an investor making an investment through an
investment adviser, financial planner, broker or
other intermediary that charges a fee for its
services and has entered into an agreement with
the Fund or its Principal Underwriter. An
Authorized Firm may charge its customers a fee in
connection with transactions executed by that
Firm.
3. The following is added to "Reports to Shareholders":
Consistent with applicable law, duplicate
mailings of shareholder reports and certain
other Fund information to shareholders
residing at the same address may be
eliminated.
4. The following paragraph replaces the paragraph under
the caption "Eaton Vance Shareholder Services -- Reinvestment
Privilege":
Reinvestment Privilege: A shareholder who has
purchased or redeemed shares may reinvest at net asset value
any portion or all of the repurchase or redemption proceeds
(plus that amount necessary to acquire a fractional share to
round off the purchase to the nearest full share) in shares
of the Fund, or, provided that the shares repurchased or
redeemed have been held for at least 60 days, in shares or
any of the other funds offered by the Principal Underwriter
with an initial sales charge, provided that the reinvestment
is effected within 60 days after such repurchase or
redemption, and the privilege has not been used more than
once in the prior 12 months. Shares are sold to a
reinvesting shareholder at the next determined net asset
value following timely receipt of a written purchase order
by the Principal Underwriter or by the fund whose shares are
to be purchased (or by such fund's transfer agent). The
privilege is also available to holders of shares of the
other funds offered with an initial sales charge by the
Principal Underwriter who wish to reinvest such redemption
or repurchase proceeds in shares of the Fund. If a
shareholder reinvests redemption proceeds within the 60-day
period the shareholder's account will be credited with the
amount of any CDSC paid on such redeemed shares. To the
extent that any shares of the Fund are sold at a loss and
the proceeds are reinvested in shares of the Fund (or other
shares of the Fund are acquired within the period beginning
30 days before and ending 30 days after the date of the
redemption) some or all of the loss generally will not be
allowed as a tax deduction. Shareholders should consult
their tax advisers concerning the tax consequences of
reinvestments.
5. The following is added to "Performance Information":
A Fund's performance may be compared in
publications to the performance of various
indices and investments for which reliable
data is available, and to averages,
performance rankings, or other information
prepared by recognized mutual fund
statistical services.
6. On August 1, 1995, EV Traditional Total Return Fund
("Total Return Fund") and EV Traditional Stock Fund ("Stock
Fund") were reorganized and each became a series of Eaton Vance
Special Investment Trust, a business trust organized under the
laws of the Commonwealth of Massachusetts. Prior to the
reorganization Total Return Fund had been a series of Eaton Vance
Total Return Trust and Stock Fund had been a series of Eaton
Vance Securities Trust, which were each Massachusetts business
trusts. Except for the fact that the Funds are each now a series
of Eaton Vance Special Investment Trust, shares of each Fund
represent the same interest in each Fund's assets, are the same
class, are subject to the same terms and conditions, fees and
expenses and confer the same rights as when Total Return Fund was
a series of Eaton Vance Total Return Trust and Stock Fund was a
series of Eaton Vance Securities Trust.
The date of the attached Prospectus has been changed to
August 1, 1995. All references in the Total Return Fund
Prospectus to Eaton Vance Total Return Trust or the Trust are
defined to mean Eaton Vance Special Investment Trust and all
references in the Stock Fund Prospectus to Eaton Vance Securities
Trust or the Trust are defined to mean Eaton Vance Special
Investment Trust.
November 9, 1995 - 3 - T-SUPP5
