EATON VANCE MUTUAL FUNDS TRUST
497, 1999-11-08
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                          EATON VANCE HIGH INCOME FUND

                                  Supplement to
                       Statement of Additional Information
                                      dated
                                 August 1, 1999


The  following  is  added  to the  end of the  second  to last  paragraph  under
"Investment Restrictions" on page 8:

     For as long as a feeder fund of the Portfolio is registered in Taiwan,  the
     total value of the  Portfolio's  investments  in  derivative  products  for
     hedging or investment purposes will not exceed 15% of total net assets.



November 8, 1999


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