EATON VANCE TAX-MANAGED VALUE FUND
Supplement to Prospectus dated December 31, 1999
EATON VANCE EMERGING GROWTH FUND
Supplement to Prospectus dated May 1, 1999
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
EATON VANCE TAX-MANAGED EMERGING GROWTH FUND
EATON VANCE TAX-MANAGED INTERNATIONAL
GROWTH FUND
Supplement to Prospectus dated March 1, 1999
1. Arieh Coll is now the portfolio manager of Balanced Portfolio. Mr. Coll is
a Vice President of Eaton Vance and Boston Management & Research. He joined
Eaton Vance in January 2000. Prior to joining Eaton Vance, Mr. Coll was
employed by Fidelity Investments as a portfolio manager.
2. THE FOLLOWING IS ADDED TO THE SECOND PARAGRAPH OF "REDUCING OR ELIMINATING
SALES CHARGES" UNDER "SALES CHARGES":
Class A shares are sold at net asset value if the amount invested
represents redemption proceeds from a mutual fund not affiliated with Eaton
Vance, provided the redemption occurred within 60 days of the Fund share
purchase and the redeemed shares were subject to a sales charge. Class A
shares so acquired will be subject to a 0.50% CDSC if they are redeemed
within 12 months of purchase. Investment dealers will be paid a commission
on such sales of 0.50% of the amount invested.
FEBRUARY 1, 2000 COMGEGCEPS
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Eaton Vance Emerging Markets Fund
Supplement to Prospectus dated May 1, 1999
Eaton Vance Greater India 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. 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 are 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 prospectus of 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 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. Class B 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. Both Classes also pay service fees for personal and/or
account services equal to 0.25% of average daily net assets annually.
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The distribution fees paid by Class B 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, Class B uncovered distribution charges have not been fully covered.
6. The following is added to the second paragraph of "Reducing or Eliminating
Sales Charges" under "Sales Charges":
Class A shares are sold at net asset value if the amount invested
represents redemption proceeds from a mutual fund not affiliated with Eaton
Vance, provided the redemption occurred within 60 days of the Fund share
purchase and the redeemed shares were subject to a sales charge. Class A
shares so acquired will be subject to a 0.50% CDSC if they are redeemed
within 12 months of purchase. Investment dealers will be paid a commission
on such sales of 0.50% of the amount invested.
7. The following replaces the third from the last paragraph under "Redeeming
Shares":
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 or in proprietary fee-based advisory programs
sponsored by broker-dealers 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.
February 1, 2000 COMEMGIPS
