Eaton Vance Government Obligations Fund
Supplement to Prospectus dated May 1, 1999
Eaton Vance Balanced Fund
Eaton Vance Growth & Income Fund
Eaton Vance Special Equities Fund
Eaton Vance Utilities Fund
Supplement to Prospectus dated May 1, 1999
1. The address of the Fund and Eaton Vance Management (including its
affiliates) is as follows:
The Eaton Vance Building
255 State Street
Boston, MA 02109
Telephone numbers remain the same.
2. Service fees will now be paid from the time of sale of Class A and Class B
shares. This will result in slightly higher Total Operating Expenses for
these classes than that shown in the "Annual Fund Operating Expenses" table
in each Fund Summary.
3. The following replaces "Distribution and Service Fees" under "Sales
Charges":
Distribution and Service Fees. Class B and Class C shares have in effect
plans under Rule 12b-1 that allow each Fund to pay distribution fees for
the sale and distribution of shares (so-called "12b-1 fees"). Class B and
Class C shares pay distribution fees of 0.75% of average daily net assets
annually. Because these fees are paid from Fund assets on an ongoing basis,
they will increase your cost over time and may cost you more than paying
other types of sales charges. All Classes pay service fees for personal
and/or account services equal to 0.25% of average daily net assets
annually.
Class B and Class C distribution fees are subject to termination when
payments under the Rule 12b-1 plans are sufficient to extinguish uncovered
distribution charges. As described more fully in the Statement of
Additional Information, uncovered distribution charges of a Class are
increased by sales commissions payable by the Class to the principal
underwriter in connection with sales of shares of that Class and by an
interest factor tied to the U.S. Prime Rate. Uncovered distribution charges
are reduced by the distribution fees paid by the Class and by CDSCs paid to
the Fund by redeeming shareholders. The amount of the sales commissions
payable by Class B to the principal underwriter in connection with sales of
Class B shares is significantly less than the maximum permitted by the
sales charge rule of the National Association of Securities Dealer, Inc. To
date, neither Class B nor Class C uncovered distribution charges have been
fully covered.
4. The following replaces "Withdrawal Plan" under "Shareholder Account
Features":
Withdrawal Plan. You may redeem shares on a regular monthly or quarterly
basis by establishing a systematic withdrawal plan. Withdrawals will not be
subject to any applicable CDSC if they do not in the aggregate exceed 12%
annually of the account balance at the time the plan is established. A
minimum account size of $5,000 is required to establish a systematic
withdrawal plan. Because purchases of Class A shares are subject to an
initial sales charge, you should not make withdrawals from your account
while you are making purchases.
October 12, 1999 FEESPS
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Eaton Vance Emerging Growth Fund
Supplement to Prospectus
dated May 1, 1999
1. Service fees will now be paid from the time of sale of shares. This will
result in slightly higher Total Operating Expenses than that shown in the
"Annual Fund Operating Expenses" table under "Fund Summary".
2. The following replaces the "Service Fees" paragraph under "Sales Charges":
Service Fees. The Fund pays service fees for personal and/or account
services equal to 0.25% of average daily net assets annually.
October 12, 1999 EMGPS
<PAGE>
Eaton Vance Greater China Growth Fund
Supplement to Prospectus dated January 1, 1999
Eaton Vance Emerging Markets Fund
Supplement to Prospectus dated May 1, 1999
Eaton Vance Greater India Fund
Supplement to Prospectus dated May 1, 1999
Eaton Vance Asian Small Companies Fund
Supplement to Prospectus dated July 1, 1999
1. The address of the Fund and Eaton Vance Management (including its
affiliates) is as follows:
The Eaton Vance Building
255 State Street
Boston, MA 02109
Telephone numbers remain the same.
2. Effective December 1, 1999, the following is added to the "Shareholder
Fees" table in the "Fund Summary" and applies to Class A shares only:
Redemption Fee (as a percentage of amount redeemed) 1.00%
Under "Example", the cost of investing in Class A shares for one year would
increase by $100 if the shares are redeemed within three months of
purchase.
3. Service fees will now be paid from the time of sale of Class B shares. This
will result in slightly higher Total Operating Expenses than that shown in
the "Annual Fund Operating Expenses" table under "Fund Summary".
4. The following replaces the second paragraph under "Management and
Organization" in the prospectuses of Eaton Vance Asian Small Companies Fund
and Eaton Vance Greater India Fund:
Scobie Dickenson Ward and Zaheer Sitabkhan co-manage the Portfolio. Mr.
Ward has managed the Portfolio since its inception. He is a Director of
Lloyd George and has been a portfolio manager at Lloyd George for more than
five years. Mr. Sitabkhan has managed the Portfolio since August 31, 1999.
Mr. Sitabkhan joined Lloyd George in March 1995 and currently serves as a
Director. Prior to 1995 he was Director of Business Development at Quality
Sciences Inc., a Cleveland-based software company.
5. The following replaces "Distribution and Service Fees" under "Sales
Charges":
Distribution and Service Fees. Each Class of shares has in effect a plan
under Rule 12b-1 that allows each Fund to pay distribution fees for the
sale and distribution of shares (so-called "12b-1 fees"). Class B and, in
the case of Eaton Vance Greater China Growth Fund, Class C shares pay
distribution fees of 0.75% of average daily net assets annually. Class A
shares pay a distribution fee of 0.50% of average daily net assets on
shares outstanding for less than twelve months and a distribution fee of
0.25% on shares outstanding for more than twelve months. Because these fees
are paid from Fund assets on an ongoing basis, they will increase your cost
over time and may cost you more than paying other types of sales charges.
All Classes also pay service fees for personal and/or account services
equal to 0.25% of average daily net assets annually.
<PAGE>
The distribution fees paid by Class B and Class C are subject to
termination when payments under the Rule 12b-1 plans are sufficient to
extinguish uncovered distribution charges. As described more fully in the
Statement of Additional Information, uncovered distribution charges of a
Class are increased by sales commissions payable by the Class to the
principal underwriter in connection with sales of shares of that Class and
by an interest factor tied to the U.S. Prime Rate. Uncovered distribution
charges are reduced by the distribution fees paid by the Class and by CDSCs
paid to the Fund by redeeming shareholders. The amount of the sales
commissions payable by Class B to the principal underwriter in connection
with sales of Class B shares is significantly less than the maximum
permitted by the sales charge rule of the National Association of
Securities Dealer, Inc. To date, neither Class B nor Class C uncovered
distribution charges have been fully covered.
6. The following replaces "Withdrawal Plan" under "Shareholder Account
Features" in the Eaton Vance Greater China Growth Fund prospectus:
Withdrawal Plan. You may redeem shares on a regular monthly or quarterly
basis by establishing a systematic withdrawal plan. Withdrawals will not be
subject to any applicable CDSC if they do not in the aggregate exceed 12%
annually of the account balance at the time the plan is established. A
minimum account size of $5,000 is required to establish a systematic
withdrawal plan. Because purchases of Class A shares are subject to an
initial sales charge, you should not make withdrawals from your account
while you are making purchases.
7. The following replaces the third from the last paragraph under "Redeeming
Shares":
Effective December 1, 1999, redemptions (including exchanges) of Class A
shares within three months of their purchase will be subject to a
redemption fee equal to 1% of the amount redeemed. All redemption fees will
be paid to the Fund. Redemptions of Class A shares acquired as the result
of reinvesting distributions and those held by 401(k) plans are not subject
to the redemption fee.
If you redeem shares, your redemption price will be based on the net asset
value per share next computed after the redemption request is received.
Your redemption proceeds will be paid in cash within seven days, reduced by
the amount of any applicable CDSC and/or redemption fee and any federal
income tax required to be withheld. Payments will be sent by mail unless
you complete the Bank Wire Redemptions section of the account application.
8. The following is added to the first paragraph of "Exchange Privilege" under
"Shareholder Account Features" in the Eaton Vance Emerging Markets Fund
prospectus:
Class A shares may also be exchanged for shares of Eaton Vance
Institutional Emerging Markets Fund, subject to the terms and conditions
for investing in those shares.
October 12, 1999 LGPS
