Eaton Vance Arizona Municipals Fund Eaton Vance Minnesota Municipals Fund
Eaton Vance Colorado Municipals Fund Eaton Vance New Jersey Municipals Fund
Eaton Vance Connecticut Municipals Fund Eaton Vance Pennsylvania Municipals Fund
Eaton Vance Michigan Municipals Fund Eaton Vance Texas Municipals Fund
Supplement to Prospectus dated January 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. The following replaces each Fund's "Annual Fund Operating Expenses"
table and "Example" under "Fund Summaries":
Annual Fund Operating Expenses (expenses that are deducted from Fund assets)
<TABLE>
Management Distribution and Other Total Annual Fund
Fees Service (12b-1)Fees* Expenses** Operating Expenses
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Arizona Fund Class A Shares 0.39% 0.00% 0.44% 0.83%
Class B Shares 0.39% 0.95% 0.24% 1.58%
- ----------------------------------------------------------------------------------------------------------------------
Colardo Fund Class A Shares 0.24% 0.00% 0.53% 0.77%
Class B Shares 0.24% 0.95% 0.33% 1.52%
- ----------------------------------------------------------------------------------------------------------------------
Connecticut Fund Class A Shares 0.42% 0.00% 0.42% 0.84%
Class B Shares 0.42% 0.95% 0.22% 1.59%
- ----------------------------------------------------------------------------------------------------------------------
Michigan Fund Class A Shares 0.40% 0.00% 0.44% 0.84%
Class B Shares 0.40% 0.95% 0.24% 1.59%
- ----------------------------------------------------------------------------------------------------------------------
Minnesota Fund Class A Shares 0.33% 0.00% 0.51% 0.84%
Class B Shares 0.33% 0.95% 0.31% 1.59%
- ----------------------------------------------------------------------------------------------------------------------
New Jersey Fund Class A Shares 0.45% 0.00% 0.42% 0.87%
Class B Shares 0.45% 0.95% 0.22% 1.62%
- ----------------------------------------------------------------------------------------------------------------------
Pennsylvania Fund Class A Shares 0.46% 0.00% 0.38% 0.84%
Class B Shares 0.46% 0.95% 0.18% 1.59%
- ----------------------------------------------------------------------------------------------------------------------
Texas Fund Class A Shares 0.16% 0.00% 0.59% 0.75%
Class B Shares 0.16% 0.95% 0.39% 1.50%
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
* Long-term holders of Class B shares may pay more than the economic
equivalent of the front-end sales charge permitted by the National
Association of Securities Dealers, Inc.
** Other Expenses for Class A includes a service fee of 0.20%.
Example. This Example is intended to help you compare the cost of investing in
the Fund with the cost of investing in other mutual funds. The Example assumes
that you invest $10,000 in the Fund for the time periods indicated and then
redeem all of your shares at the end of those periods. The Example also assumes
that your investment has a 5% return each year and that the operating expenses
remain the same. Although your actual costs may be higher or lower, based on
these assumptions your costs would be:
<PAGE>
<TABLE>
1 Year 3 Years 5 Years 10 Years
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Arizona Fund Class A Shares $556 $727 $ 914 $1,452
Class B Shares $661 $899 $1,060 $1,878
- ----------------------------------------------------------------------------------------------------------------------
Colorado Fund Class A Shares $550 $709 $ 883 $1,384
Class B Shares $655 $880 $1,029 $1,813
- ----------------------------------------------------------------------------------------------------------------------
Connecticut Fund Class A Shares $557 $730 $ 919 $1,463
Class B Shares $662 $902 $1,066 $1,889
- ----------------------------------------------------------------------------------------------------------------------
Michigan Fund Class A Shares $557 $730 $ 919 $1,463
Class B Shares $662 $902 $1,066 $1,889
- ----------------------------------------------------------------------------------------------------------------------
Minnesota Fund Class A Shares $557 $730 $ 919 $1,463
Class B Shares $662 $902 $1,066 $1,889
- ----------------------------------------------------------------------------------------------------------------------
New Jersey Fund Class A Shares $557 $730 $ 919 $1,463
Class B Shares $662 $902 $1,066 $1,889
- ----------------------------------------------------------------------------------------------------------------------
Pennsylvania Fund Class A Shares $557 $730 $ 919 $1,463
Class B Shares $662 $902 $1,066 $1,889
- ----------------------------------------------------------------------------------------------------------------------
Texas Fund Class A Shares $548 $703 $ 872 $1,361
Class B Shares $653 $874 $1,018 $1,791
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
You would pay the following expenses if you did not redeem your shares:
<TABLE>
1 Year 3 Years 5 Years 10 Years
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Arizona Fund Class A Shares $556 $727 $914 $1,452
Class B Shares $161 $499 $860 $1,878
- ----------------------------------------------------------------------------------------------------------------------
Colorado Fund Class A Shares $550 $709 $883 $1,384
Class B Shares $155 $480 $829 $1,813
- ----------------------------------------------------------------------------------------------------------------------
Connecticut Fund Class A Shares $557 $730 $919 $1,463
Class B Shares $162 $502 $866 $1,889
- ----------------------------------------------------------------------------------------------------------------------
Michigan Fund Class A Shares $557 $730 $919 $1,463
Class B Shares $162 $502 $866 $1,889
- ----------------------------------------------------------------------------------------------------------------------
Minnesota Fund Class A Shares $557 $730 $919 $1,463
Class B Shares $162 $502 $866 $1,889
- ----------------------------------------------------------------------------------------------------------------------
New Jersey Fund Class A Shares $557 $730 $919 $1,463
Class B Shares $162 $502 $866 $1,889
- ----------------------------------------------------------------------------------------------------------------------
Pennsylvania Fund Class A Shares $557 $730 $919 $1,463
Class B Shares $162 $502 $866 $1,889
- ----------------------------------------------------------------------------------------------------------------------
Texas Fund Class A Shares $548 $703 $872 $1,361
Class B Shares $153 $474 $818 $1,791
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
3. The following replaces "Distribution and Service Fees" under "Sales
Charges":
Distribution and Service Fees. Class B shares have 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 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 pay service fees for personal and/or account
services equal to 0.20% of average daily net assets annually. Although
there is no present intention to do so, each Class could pay service fees
of up to 0.25% annually upon Trustee approval.
Class B distribution fees are subject to termination when payments under
the Rule 12b-1 plan are sufficient to extinguish uncovered distribution
charges. As described more fully in the Statement of Additional
Information, uncovered distribution charges of Class B 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.
<PAGE>
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 C12/1ABPS
<PAGE>
Eaton Vance Alabama Municipals Fund Eaton Vance Missouri Municipals Fund
Eaton Vance Arkansas Municipals Fund Eaton Vance North Carolina Municipals Fund
Eaton Vance Georgia Municipals Fund Eaton Vance Oregon Municipals Fund
Eaton Vance Kentucky Municipals Fund Eaton Vance South Carolina Municipals Fund
Eaton Vance Louisiana Municipals Fund Eaton Vance Tennessee Municipals Fund
Eaton Vance Maryland Municipals Fund Eaton Vance Virginia Municipals Fund
Supplement to Prospectus dated January 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. The following replaces each Fund's "Annual Fund Operating Expenses"
table and "Example" under "Fund Summaries":
Annual Fund Operating Expenses (expenses that are deducted from Fund assets)
<TABLE>
Management Distribution and Other Total Annual Fund
Fees Service (12b-1)Fees* Expenses** Operating Expenses
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Alabama Fund Class A Shares 0.37% 0.00% 0.46% 0.83%
Class B Shares 0.37% 0.95% 0.26% 1.58%
- ---------------------------------------------------------------------------------------------------------------------------
Arkansas Fund Class A Shares 0.31% 0.00% 0.48% 0.79%
Class B Shares 0.31% 0.95% 0.28% 1.54%
- ---------------------------------------------------------------------------------------------------------------------------
Georgia Fund Class A Shares 0.37% 0.00% 0.47% 0.84%
Class B Shares 0.37% 0.95% 0.27% 1.59%
- ---------------------------------------------------------------------------------------------------------------------------
Kentucky Fund Class A Shares 0.40% 0.00% 0.43% 0.83%
Class B Shares 0.40% 0.95% 0.23% 1.58%
- ---------------------------------------------------------------------------------------------------------------------------
Louisiana Fund Class A Shares 0.22% 0.00% 0.54% 0.76%
Class B Shares 0.22% 0.95% 0.34% 1.51%
- ---------------------------------------------------------------------------------------------------------------------------
Maryland Fund Class A Shares 0.38% 0.00% 0.45% 0.83%
Class B Shares 0.38% 0.95% 0.25% 1.57%
- ---------------------------------------------------------------------------------------------------------------------------
Missouri Fund Class A Shares 0.35% 0.00% 0.48% 0.83%
Class B Shares 0.35% 0.95% 0.28% 1.58%
- ---------------------------------------------------------------------------------------------------------------------------
North Carolina Fund Class A Shares 0.42% 0.00% 0.42% 0.84%
Class B Shares 0.42% 0.95% 0.22% 1.59%
- ---------------------------------------------------------------------------------------------------------------------------
Oregon Fund Class A Shares 0.39% 0.00% 0.44% 0.83%
Class B Shares 0.39% 0.95% 0.24% 1.58%
- ---------------------------------------------------------------------------------------------------------------------------
South Carolina Fund Class A Shares 0.29% 0.00% 0.49% 0.77%
Class B Shares 0.29% 0.95% 0.29% 1.53%
- ---------------------------------------------------------------------------------------------------------------------------
Tennessee Fund Class A Shares 0.30% 0.00% 0.49% 0.79%
Class B Shares 0.30% 0.95% 0.29% 1.54%
- ---------------------------------------------------------------------------------------------------------------------------
Virginia Fund Class A Shares 0.41% 0.00% 0.44% 0.85%
Class B Shares 0.41% 0.95% 0.24% 1.60%
- ---------------------------------------------------------------------------------------------------------------------------
</TABLE>
* Long-term holders of Class B shares may pay more than the economic
equivalent of the front-end sales charge permitted by the National
Association of Securities Dealers, Inc.
** Other Expenses for Class A includes a service fee of 0.20%.
<PAGE>
Example. This Example is intended to help you compare the cost of investing in
the Fund with the cost of investing in other mutual funds. The Example assumes
that you invest $10,000 in the Fund for the time periods indicated and then
redeem all of your shares at the end of those periods. The Example also assumes
that your investment has a 5% return each year and that the operating expenses
remain the same. Although your actual costs may be higher or lower, based on
these assumptions your costs would be:
<TABLE>
1 Year 3 Years 5 Years 10 Years
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Alabama Fund Class A Shares $556 $727 $ 914 $1,452
Class B Shares $661 $899 $1,060 $1,878
- --------------------------------------------------------------------------------------------------------------------------
Arkansas Fund Class A Shares $552 $715 $ 893 $1,406
Class B Shares $657 $886 $1,039 $1,835
- --------------------------------------------------------------------------------------------------------------------------
Georgia Fund Class A Shares $557 $730 $ 919 $1,463
Class B Shares $662 $902 $1,066 $1,889
- --------------------------------------------------------------------------------------------------------------------------
Kentucky Fund Class A Shares $556 $727 $ 914 $1,452
Class B Shares $661 $899 $1,060 $1,878
- --------------------------------------------------------------------------------------------------------------------------
Louisiana Fund Class A Shares $549 $706 $ 877 $1,372
Class B Shares $654 $877 $1,024 $1,802
- --------------------------------------------------------------------------------------------------------------------------
Maryland Fund Class A Shares $556 $727 $ 914 $1,452
Class B Shares $660 $896 $1,055 $1,867
- --------------------------------------------------------------------------------------------------------------------------
Missouri Fund Class A Shares $556 $727 $ 914 $1,452
Class B Shares $661 $899 $1,060 $1,878
- --------------------------------------------------------------------------------------------------------------------------
North Carolina Fund Class A Shares $557 $730 $ 920 $1,463
Class B Shares $662 $902 $1,066 $1,889
- --------------------------------------------------------------------------------------------------------------------------
Oregon Fund Class A Shares $556 $727 $ 914 $1,452
Class B Shares $661 $899 $1,060 $1,878
- --------------------------------------------------------------------------------------------------------------------------
South Carolina Fund Class A Shares $551 $712 $ 888 $1,395
Class B Shares $656 $883 $1,034 $1,824
- --------------------------------------------------------------------------------------------------------------------------
Tennessee Fund Class A Shares $552 $715 $ 893 $1,406
Class B Shares $657 $886 $1,039 $1,834
- --------------------------------------------------------------------------------------------------------------------------
Virginia Fund Class A Shares $558 $733 $ 924 $1,474
Class B Shares $905 $905 $1,071 $1,900
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
You would pay the following expenses if you did not redeem your shares:
<TABLE>
1 Year 3 Years 5 Years 10 Years
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Alabama Fund Class A Shares $556 $727 $914 $1,452
Class B Shares $161 $499 $860 $1,878
- --------------------------------------------------------------------------------------------------------------------------
Arkansas Fund Class A Shares $552 $715 $893 $1,406
Class B Shares $157 $486 $839 $1,835
- --------------------------------------------------------------------------------------------------------------------------
Georgia Fund Class A Shares $557 $730 $919 $1,463
Class B Shares $162 $502 $866 $1,889
- --------------------------------------------------------------------------------------------------------------------------
Kentucky Fund Class A Shares $556 $727 $914 $1,452
Class B Shares $161 $499 $860 $1,878
- --------------------------------------------------------------------------------------------------------------------------
Louisiana Fund Class A Shares $549 $706 $877 $1,372
Class B Shares $154 $477 $824 $1,802
- --------------------------------------------------------------------------------------------------------------------------
Maryland Fund Class A Shares $556 $727 $914 $1,452
Class B Shares $160 $496 $855 $1,867
- --------------------------------------------------------------------------------------------------------------------------
Missouri Fund Class A Shares $556 $727 $914 $1,452
Class B Shares $161 $499 $860 $1,878
- --------------------------------------------------------------------------------------------------------------------------
North Carolina Fund Class A Shares $557 $730 $920 $1,463
Class B Shares $162 $502 $866 $1,889
- --------------------------------------------------------------------------------------------------------------------------
Oregon Fund Class A Shares $556 $727 $914 $1,452
Class B Shares $161 $499 $860 $1,878
- --------------------------------------------------------------------------------------------------------------------------
South Carolina Fund Class A Shares $551 $712 $888 $1,395
Class B Shares $156 $483 $834 $1,824
- --------------------------------------------------------------------------------------------------------------------------
Tennessee Fund Class A Shares $552 $715 $893 $1,406
Class B Shares $157 $486 $839 $1,834
- --------------------------------------------------------------------------------------------------------------------------
Virginia Fund Class A Shares $558 $733 $924 $1,474
Class B Shares $163 $505 $871 $1,906
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
3. The following replaces "Distribution and Service Fees" under "Sales
Charges":
Distribution and Service Fees. Class B shares have 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 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 pay service fees for personal and/or account
services equal to 0.20% of average daily net assets annually. Although
there is no present intention to do so, each Class could pay service fees
of up to 0.25% annually upon Trustee approval.
Class B distribution fees are subject to termination when payments under
the Rule 12b-1 plan are sufficient to extinguish uncovered distribution
charges. As described more fully in the Statement of Additional
Information, uncovered distribution charges of Class B 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.
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 12MUNI1/1PS
<PAGE>
Eaton Vance California Municipals Fund
Eaton Vance New York Municipals Fund
Eaton Vance Florida Municipals Fund
Eaton Vance Ohio Municipals Fund
Eaton Vance Massachusetts Municipals Fund
Eaton Vance Rhode Island Municipals Fund
Eaton Vance Mississippi Municipals Fund
Eaton Vance West Virginia Municipals Fund
Supplement to Prospectus dated February 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. The following replaces each Fund's "Annual Fund Operating Expenses"
table and "Example" under "Fund Summaries":
Annual Fund Operating Expenses (expenses that are deducted from Fund assets)
<TABLE>
Management Distribution and Other Total Annual Fund
Fees Service (12b-1)Fees* Expenses** Operating Expenses
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
California Fund Class A Shares 0.48% 0.00% 0.44% 0.92%
Class B Shares 0.48% 1.00% 0.19% 1.67%
- -------------------------------------------------------------------------------------------------------------------------
Florida Fund Class A Shares 0.45% 0.00% 0.35% 0.80%
Class B Shares 0.45% 0.95% 0.15% 1.55%
- -------------------------------------------------------------------------------------------------------------------------
Massachusetts Fund Class A Shares 0.44% 0.00% 0.42% 0.86%
Class B Shares 0.44% 0.95% 0.22% 1.61%
- -------------------------------------------------------------------------------------------------------------------------
Mississippi Fund Class A Shares 0.16% 0.00% 0.61% 0.77%
Class B Shares 0.16% 0.95% 0.41% 1.52%
- -------------------------------------------------------------------------------------------------------------------------
New York Fund Class A Shares 0.45% 0.00% 0.39% 0.84%
Class B Shares 0.45% 0.95% 0.19% 1.59%
- -------------------------------------------------------------------------------------------------------------------------
Ohio Fund Class A Shares 0.45% 0.00% 0.42% 0.87%
Class B Shares 0.45% 0.95% 0.22% 1.62%
- -------------------------------------------------------------------------------------------------------------------------
Rhode Island Fund Class A Shares 0.24% 0.00% 0.48% 0.72%
Class B Shares 0.24% 0.95% 0.28% 1.47%
- -------------------------------------------------------------------------------------------------------------------------
West Virginia Fund Class A Shares 0.21% 0.00% 0.52% 0.73%
Class B Shares 0.21% 0.95% 0.32% 1.48%
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
* Long-term holders of Class B shares may pay more than the economic
equivalent of the front-end sales charge permitted by the National
Association of Securities Dealers, Inc.
** Other Expenses for Class A includes a service fee of 0.25% for the
California Fund and 0.20% for the other Funds.
Example. This Example is intended to help you compare the cost of investing in
the Fund with the cost of investing in other mutual funds. The Example assumes
that you invest $10,000 in the Fund for the time periods indicated and then
redeem all of your shares at the end of those periods. The Example also assumes
that your investment has a 5% return each year and that the operating expenses
remain the same. Although your actual costs may be higher or lower, based on
these assumptions your costs would be:
<PAGE>
<TABLE>
1 Year 3 Years 5 Years 10 Years
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
California Fund Class A Shares $564 $754 $ 960 $1,553
Class B Shares $670 $926 $1,107 $1,976
- -------------------------------------------------------------------------------------------------------------------------
Florida Fund Class A Shares $553 $718 $ 898 $1,418
Class B Shares $658 $890 $1,045 $1,845
- -------------------------------------------------------------------------------------------------------------------------
Massachusetts Fund Class A Shares $559 $736 $ 929 $1,485
Class B Shares $664 $908 $1,076 $1,911
- -------------------------------------------------------------------------------------------------------------------------
Mississippi Fund Class A Shares $550 $708 $ 883 $1,384
Class B Shares $655 $880 $1,029 $1,813
- -------------------------------------------------------------------------------------------------------------------------
New York Fund Class A Shares $557 $730 $ 919 $1,463
Class B Shares $662 $902 $1,066 $1,889
- -------------------------------------------------------------------------------------------------------------------------
Ohio Fund Class A Shares $560 $739 $ 934 $1,497
Class B Shares $665 $911 $1,081 $1,922
- -------------------------------------------------------------------------------------------------------------------------
Rhode Island Fund Class A Shares $545 $694 $ 857 $1,327
Class B Shares $650 $865 $1,003 $1,757
- -------------------------------------------------------------------------------------------------------------------------
West Virginia Fund Class A Shares $546 $697 $ 862 $1,338
Class B Shares $651 $868 $1,008 $1,768
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
You would pay the following expenses if you did not redeem your shares:
<TABLE>
1 Year 3 Years 5 Years 10 Years
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
California Fund Class A Shares $564 $754 $960 $1,553
Class B Shares $170 $526 $907 $1,976
- -------------------------------------------------------------------------------------------------------------------------
Florida Fund Class A Shares $553 $718 $898 $1,418
Class B Shares $158 $490 $845 $1,845
- -------------------------------------------------------------------------------------------------------------------------
Massachusetts Fund Class A Shares $559 $736 $929 $1,485
Class B Shares $164 $508 $876 $1,911
- -------------------------------------------------------------------------------------------------------------------------
Mississippi Fund Class A Shares $550 $708 $883 $1,384
Class B Shares $155 $480 $829 $1,813
- -------------------------------------------------------------------------------------------------------------------------
New York Fund Class A Shares $557 $730 $919 $1,463
Class B Shares $162 $502 $866 $1,889
- -------------------------------------------------------------------------------------------------------------------------
Ohio Fund Class A Shares $560 $739 $934 $1,497
Class B Shares $165 $511 $881 $1,922
- -------------------------------------------------------------------------------------------------------------------------
Rhode Island Fund Class A Shares $545 $694 $857 $1,327
Class B Shares $150 $465 $803 $1,757
- -------------------------------------------------------------------------------------------------------------------------
West Virginia Fund Class A Shares $546 $697 $862 $1,338
Class B Shares $151 $468 $808 $1,768
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
3. The following replaces "Distribution and Service Fees" under "Sales
Charges":
Distribution and Service Fees. Class B shares have 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 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 of each Fund (except the California Fund)
pay service fees for personal and/or account services equal to 0.20% of
average daily net assets annually. Although there is no present intention
to do so, each such Class could pay service fees of up to 0.25% annually
upon Trustee approval. The California Fund pays service fees for personal
and/or account services equal to 0.25% of average daily net assets
annually.
<PAGE>
Class B distribution fees are subject to termination when payments under
the Rule 12b-1 plan are sufficient to extinguish uncovered distribution
charges. As described more fully in the Statement of Additional
Information, uncovered distribution charges of Class B 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. Except in the
case of California Municipals Fund, to date Class B uncovered distribution
charges have not been fully covered. California Municipals Fund Class B
does not pay distribution fees when charges are 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 TFC2/1FEESPS
<PAGE>
Eaton Vance National Municipals Fund
Supplement to Prospectus dated February 1, 1999
Eaton Vance Strategic Income Fund
Supplement to Prospectus dated March 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.
a. The following replaces the "Annual Fund Operating Expenses" table and
"Example" under "Fund Summary" in the National Municipals Fund prospectus:
Annual Fund Operating Expenses
(expenses that are deducted from Fund assets) Class A Class B Class C
- --------------------------------------------------------------------------------
Management Fees 0.42% 0.42% 0.42%
Distribution and Service (12b-1) Fees* 0.00% 1.00% 1.00%
Other Expenses** 0.37% 0.12% 0.12%
---- ---- ----
Total Annual Fund Operating Expenses 0.79% 1.54% 1.54%
* Long-term shareholders of Class B and Class C shares may pay more than the
economic equivalent of the front-end sales charge permitted by the National
Association of Securities Dealers, Inc.
** Other Expenses for Class A shares includes a service fee of 0.25%.
Example. This Example is intended to help you compare the cost of investing in
the Fund with the cost of investing in other mutual funds. The Example assumes
that you invest $10,000 in the Fund for the time periods indicated and then
redeem all of your shares at the end of those periods. The Example also assumes
that your investment has a 5% return each year and that the operating expenses
remain the same. Although your actual costs may be higher or lower, based on
these assumptions your costs would be:
1 Year 3 Years 5 Years 10 Years
- --------------------------------------------------------------------------------
Class A shares $552 $715 $ 893 $1,406
Class B shares $657 $886 $1,039 $1,835
Class C shares $257 $486 $ 839 $1,834
You would pay the following expenses if you did not redeem you shares:
1 Year 3 Years 5 Years 10 Years
- --------------------------------------------------------------------------------
Class A shares $552 $715 $893 $1,406
Class B shares $157 $486 $839 $1,835
Class C shares $157 $486 $839 $1,834
b. The following replaces the "Annual Fund Operating Expenses" table and
"Example" under "Fund Summary" in the Strategic Income Fund prospectus:
Annual Fund Operating Expenses
(expenses that are deducted from Fund assets) Class A Class B Class C
- --------------------------------------------------------------------------------
Management Fees 0.52% 0.52% 0.52%
Distribution and Service (12b-1) Fees* 0.00% 1.00% 1.00%
Other Expenses** 0.76% 0.51% 0.51%
---- ---- ----
Total Annual Fund Operating Expenses 1.28% 2.03% 2.03%
* Long-term shareholders of Class B and Class C shares may pay more than the
economic equivalent of the front-end sales charge permitted by the National
Association of Securities Dealers, Inc.
** Other Expenses for Class A shares includes a service fee of 0.25%.
Example. This Example is intended to help you compare the cost of investing in
the Fund with the cost of investing in other mutual funds. The Example assumes
that you invest $10,000 in the Fund for the time periods indicated and then
redeem all of your shares at the end of those periods. The Example also assumes
that your investment has a 5% return each year and that the operating expenses
remain the same. Although your actual costs may be higher or lower, based on
these assumptions your costs would be:
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1 Year 3 Years 5 Years 10 Years
- --------------------------------------------------------------------------------
Class A shares $599 $ 862 $1,144 $1,947
Class B shares $706 $1,037 $1,293 $2,358
Class C shares $306 $ 637 $1,093 $2,358
You would pay the following expenses if you did not redeem you shares:
1 Year 3 Years 5 Years 10 Years
- --------------------------------------------------------------------------------
Class A shares $599 $862 $1,144 $ 947
Class B shares $206 $637 $1,093 $2,358
Class C shares $206 $637 $1,093 $2,358
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.
5. The following is added to the first paragraph of "Exchange Privilege" under
"Shareholder Account Features" in the National Municipals Fund prospectus:
Class A shares may also be exchanged for the Fund's Institutional Shares,
subject to the terms and conditions for investing in those shares.
October 12, 1999 HMSIPS
