EV TRADITIONAL FLORIDA TAX FREE FUND
EV TRADITIONAL NATIONAL MUNICIPALS FUND
EV TRADITIONAL NEW YORK TAX FREE FUND
Supplement to Prospectuses dated November 25, 1994
EATON VANCE INCOME FUND OF BOSTON
Supplement to Prospectus dated February 1, 1995
1. Effective immediately, all purchases of shares of a
Fund of $1 million or more will be subject to a contingent
deferred sales charge ("CDSC") of 0.50% in the event of certain
redemptions within twelve months after the purchase. Such
purchases continue to bear no initial sales charge. (Such
purchases made before March 27, 1995 will continue to be subject
to a CDSC of 1% in the event of certain redemptions made within
eighteen months of purchase.) The Principal Underwriter will
compensate Authorized Firms responsible for such purchases at the
rate of 0.50% of the amount invested, and any CDSC incurred will
be retained by the Principal Underwriter.
The CDSC will be imposed on an amount equal to the lesser of
the current market value or the original purchase price of the
shares redeemed. Accordingly, no CDSC will be imposed on
increases in account value above the initial purchase price,
including any dividends or distributions that have been
reinvested in additional shares. It will be assumed that
redemptions are made first from any shares in the shareholder's
account that are not subject to a CDSC.
The CDSC is waived for redemptions involving certain
liquidation, merger or acquisition transactions involving other
investment companies. No initial sales charge or CDSC will be
imposed on purchases of Eaton Vance Income Fund of Boston by
qualified retirement plans. If a shareholder reinvests
redemption proceeds within a 60-day period and in accordance with
the conditions set forth under "Eaton Vance Shareholder Services
- -- Reinvestment Privilege," the shareholder's account will be
credited with the amount of any CDSC paid on such redeemed
shares.
2. The Shareholder Transaction Expenses table under
"Shareholder and Fund Expenses" is replaced by the following
table:
Shareholder Transaction Expenses
Maximum Sales Charge Imposed on Purchases
(as a percentage of offering price) 3.75%
Sales Charges Imposed on Reinvested Distributions None
Fees to Exchange Shares None
Contingent Deferred Sales Charges (on
purchases of $1 million or more) Imposed
on Redemptions During the First Twelve
Months (as a percentage of redemption
proceeds exclusive of all reinvestments
and capital appreciation in the account) 0.50%
Based on the Shareholder Transaction Expenses shown
above and on the total operating expenses shown in the
relevant Prospectus, an investor would pay expenses $10 less
than the expenses for one year and three years shown in the
Example under "Shareholder and Fund Expenses."
3. With respect to EV Traditional Florida Tax Free Fund,
EV Traditional National Tax Free Fund and EV Traditional New York
Tax Free Fund, the Trustees of each Fund and Portfolio have
amended the nonfundamental investment policy governing call
options to read "neither the Fund nor the Portfolio may engage in
options, futures or forward transactions if more than 5% of its
net assets, as measured by the aggregate of the premiums paid by
the Fund or the Portfolio, would be so invested." The following
disclosure is added to the section "How the Fund and the
PortfolioInvest their Assets":
The Portfolio may purchase instruments that give the
Portfolio the option to purchase a municipal obligation when
and if issued. In addition, the Portfolio may temporarily
borrow up to 5% of the value of its total assets to satisfy
redemption requests or settle securities transactions.
4. The sales charge and dealer commission tables under
"How to Buy Fund Shares" are replaced by the following table:
The current sales charges and dealer commissions are:
Sales Sales Dealer
Charge Charge Commission
as Percent- as Percent- as Percent-
age of age of age of
Offering Amount Offering
Amount of Purchase Price Invested Price
Less than $50,000 3.75% 3.90% 4.00%
$50,000 but less than
$100,000 2.75% 2.83% 3.00%
$100,000 but less than
$250,000 2.25% 2.30% 2.50%
$250,000 but less than
$500,000 1.75% 1.78% 2.00%
$500,000 but less than
$1,000,000 1.25% 1.27% 1.50%
$1,000,000 or more 0.00% 0.00% 0.50%
The following is added to "How to Buy Fund Shares":
Fund shares may be sold at net asset value where the
amount invested represents redemption proceeds from a
mutual fund unaffiliated with Eaton Vance, if the
redemption occurred no more than 60 days prior to the
purchase of Fund shares and the redeemed shares were
subject to a sales charge. Shares of a Fund may be
sold at net asset value to an investor making an
investment through an investment adviser, financial
planner, broker or other intermediary that charges a
fee for its services and has entered into an agreement
with the Fund or its Principal Underwriter. An
Authorized Firm may charge its customers a fee in
connection with transactions executed by that Firm.
5. The following is added to "Reports to Shareholders":
Consistent with applicable law, duplicate
mailings of shareholder reports and certain
other Fund information to shareholders
residing at the same address may be
eliminated.
6. The first paragraph under "The Eaton Vance Exchange
Privilege" is replaced by the following paragraph:
Shares of the Fund may currently be exchanged for
shares of any of the following funds: Eaton Vance Cash
Management Fund, Eaton Vance Income Fund of Boston,
Eaton Vance Municipal Bond Fund L.P., Eaton Vance Tax
Free Reserves and any fund in the Eaton Vance
Traditional Group of Funds on the basis of the net
asset value per share of each fund at the time of the
exchange (plus, in the case of an exchange made within
six months of the date of purchase, an amount equal to
the difference, if any, between the sales charge
previously paid on the shares being exchanged and the
sales charge payable on the shares being acquired).
Such exchange offers are available only in states where
shares of the fund being acquired may be legally sold.
7. In the descriptions of the Statement of Intention and
the Right of Accumulation under "Eaton Vance Shareholder
Services," the $100,000 amounts are replaced by $50,000 amounts.
8. The following is added to "Performance Information" in
the EV Traditional Florida Tax Free Fund, EV Traditional National
Municipals Fund and EV Traditional New York Tax Free Fund
prospectuses:
A Fund may quote total return for the period prior to
commencement of operations which would reflect the
Portfolio's total return (or that of its predecessor)
adjusted to reflect any applicable Fund sales charge.
A Fund's performance may be compared in publications to
the performance of various indices and investments for
which reliable data is available, and to averages,
performance rankings, or other information prepared by
recognized mutual fund statistical services.
November 9, 1995 - 3 - T-SUPP1
