Supplement to the
Statements of Additional Information of
EV MARATHON GOLD & NATURAL RESOURCES FUND
dated January 1, 1996
EV TRADITIONAL GREATER CHINA GROWTH FUND
dated January 1, 1996
EV TRADITIONAL GROWTH FUND
dated January 1, 1996
EV TRADITIONAL INFORMATION AGE FUND
dated April 1, 1996
EV TRADITIONAL TAX-MANAGED GROWTH FUND
dated March 20, 1996
1. The following is added to "Investment Adviser" in the Gold &
Natural Resources Fund Statement of Additional Information ("SAI"),
"Investment Adviser and Administrator" in the Growth Fund and Tax-
Managed Growth Fund SAIs, "Management of the Fund and the
Portfolio" in the Information Age Fund SAI and "Management of the
Fund" in the Greater China Growth Fund SAI:
Eaton Vance is among the oldest mutual funds organizations in
the country. As an experienced mutual fund provider, Eaton Vance
has contributed to making the securities market more widely
accessible to investors. Eaton Vance equity funds provide a way to
take advantage of the potentially higher returns of individual
stocks. Eaton Vance has a staff of more than 25 investment
professionals specializing in security analysis and equity
management.
The Eaton Vance investment process stresses intensive
fundamental research. Portfolios are built on a stock-by-stock
basis and the process includes visits to companies under
consideration. The process also focuses on well-managed companies
with the following characteristics: strong underlying value or
franchise; solid earnings growth; steady cash flow, strong balance
sheet; innovative products or services; potential for sustained
growth; seasoned, creative management; or ability to survive
variable market conditions.
By investing in diversified portfolios and employing prudent
and professional management, Eaton Vance mutual funds can provide
attractive return, while exposing shareholders to less risk than if
they were to build investment portfolios on their own. Eaton Vance
employs rigorous buy and sell disciplines. For instance, purchases
are made with an eye to both relative and absolute growth rates and
price/earning ratios, and sales are made when a stock is fully
valued, fundamentals deteriorate, management fails to execute its
strategy, or more attractive alternatives are available.
2. The following is added to "Investment Adviser" in the Gold &
Natural Resources Fund SAI, "Investment Adviser and Administrator"
in the Growth Fund SAI and "Management of the Fund" in the Greater
China Growth Fund SAI:
Eaton Vance and its affiliates act as adviser to over 150
mutual funds, individual and various institutional accounts,
including corporations, hospitals, retirement plans, universities,
foundations and trusts. Eaton Vance mutual funds feature
international equities, domestic equities and tax-free U.S.
government and corporate bonds. Founded in 1991, Lloyd George is
headquartered in Hong Kong with offices in London and Mumbai,
India. It has established itself as a leader in investment
management in Asian equities and other global markets. Lloyd
George features an experience team of investment professionals that
began working together in the mid-1980s. Lloyd George Management
has advised Eaton Vance's international equity funds since 1992.
Lloyd George's staff includes 11 highly qualified investment
professionals who manage $U.S. 1.3 billion. Lloyd George analysts
cover East Asia, the India subcontinent, Russia and Eastern Europe,
Latin America, Australia and New Zealand from offices in Hong Kong,
London and Mumbai. Together Eaton Vance and Lloyd George manage
over $18 billion in assets. Eaton Vance mutual funds are
distributed by Eaton Vance Distributors both within the United
States and offshore.
Eaton Vance Distributors believes that an investment
professional can provide valuable services to you to help you reach
your investment goals. Meeting investment goals requires time,
objectivity and investment savvy. Before making an investment
recommendation, a representative can help you carefully consider
your short- and long-term financial goals, your tolerance for
investment risk, your investment time frame, and other investments
you may already own. Your professional investment representatives
are knowledgeable about financial markets, as well as the wide
range of investment opportunities available. A representative can
help you decide when to buy, sell or persevere with your
investments. A professional investment representative can provide
you with tailored financial advice.
3. The following is added to "Performance Information" in each
Fund's SAI:
Information used in advertisements and materials furnished to
present and prospective investors may include statements or
illustrations relating to the appropriateness of certain types of
securities and/or mutual funds to meet specific financial goals.
Such information may address:
- costs associated with aging parents;
- funding a college education (including its actual and
estimated cost);
- health care expenses (including actual and projected
expenses);
- long-term disabilities (including the availability of,
and coverage provided by, disability insurance); and
- retirement (including the availability of social
security benefits, the tax treatment of such benefits and
statistics and other information relating to maintaining
a particular standard of living and outliving existing
assets).
Such information may also address different methods for saving
money and the results of such methods, as well as the benefits of
investing in equity securities. Such information may describe: the
potential for growth; the performance of equities as compared to
other investment vehicles; and the value of investing as early as
possible and regularly, as well as staying invested. The benefits
of investing in equity securities by means of a mutual fund may
also be included (such benefits may include diversification,
professional management and the variety of equity mutual fund
products).
Information in advertisements and materials furnished to
present and prospective investors may include profiles of different
types of investors (i.e., investors with different goals and
assets) and different investment strategies for meeting specific
financial goals. Such information may provide hypothetical
illustrations which include: results of various investment
strategies; performance of an investment in the Fund over various
time periods; and results of diversifying assets among several
investments with varying performance. Information in
advertisements and materials furnished to present and prospective
investors may also include quotations (including editorial
comments) and statistics concerning investing in securities, as
well as investing in particular types of securities and the
performance of such securities. Information, charts and
illustrations showing the effect of compounding interest or
relating to inflation and taxes (including their effects on the
dollar and the return on stocks and other investment vehicles) may
also be included in advertisements and materials furnished to
present and prospective investors.
May 3, 1996
