EV CLASSIC SPECIAL EQUITIES FUND
Supplement to Prospectus
dated May 1, 1996
Edward E. Smiley, Jr. has joined Eaton Vance Management as the
portfolio manager of Special Investment Portfolio as well as a Vice President of
Eaton Vance Management and Boston Management and Research. The following
replaces the fourth paragraph under "Management of the Fund and the Portfolio"
on page 7:
Edward E. Smiley, Jr. became the portfolio
manager of the Portfolio as well as a Vice
President of Eaton Vance and BMR on
November 1, 1996. Prior to joining Eaton
Vance, Mr. Smiley was a Senior Product
Manager, Equity Management for TradeStreet
Investment Associates, Inc., a
wholly-owned subsidiary of NationsBank.
November 1, 1996 C-SEPS
<PAGE>
EV MARATHON SPECIAL
EQUITIES FUND
EV TRADITIONAL
SPECIAL EQUITIES FUND
Supplement to Prospectuses
dated May 1, 1996
Edward E. Smiley, Jr. has joined Eaton Vance Management as the
portfolio manager of Special Investment Portfolio as well as a Vice President of
Eaton Vance Management and Boston Management and Research. The following
replaces the fourth paragraph under "Management of the Fund and the Portfolio"
on page 7:
Edward E. Smiley, Jr. became the portfolio
manager of the Portfolio as well as a Vice
President of Eaton Vance and BMR on
November 1, 1996. Prior to joining Eaton
Vance, Mr. Smiley was a Senior Product
Manager, Equity Management for TradeStreet
Investment Associates, Inc., a
wholly-owned subsidiary of NationsBank.
November 1, 1996 SEPS
