EATON VANCE INVESTMENT TRUST
497, 1997-05-28
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              EV CLASSIC NATIONAL LIMITED MATURITY MUNICIPALS FUND
                            SUPPLEMENT TO PROSPECTUS
                              DATED AUGUST 1, 1996

     UNDER THE SECTION ENTITLED  "MANAGEMENT OF THE FUND AND THE PORTFOLIO," THE
FOLLOWING  PARAGRAPH REPLACES THE EXISTING  PARAGRAPH  IDENTIFYING THE PORTFOLIO
MANAGER:

     William H. Ahern,  Jr. is now the portfolio  manager of the Portfolio.
     He has been a Vice President of Eaton Vance and BMR since January, 1996 and
     has been an employee of Eaton Vance since 1989.

May 28, 1997                                                         C-LNAPS


             EV MARATHON NATIONAL LIMITED MATURITY MUNICIPALS FUND
            EV TRADITIONAL NATIONAL LIMITED MATURITY MUNICIPALS FUND
                        SUPPLEMENT TO PROSPECTUSES DATED
                                 AUGUST 1, 1996

     UNDER THE SECTION ENTITLED  "MANAGEMENT OF THE FUND AND THE PORTFOLIO," THE
FOLLOWING  PARAGRAPH REPLACES THE EXISTING  PARAGRAPH  IDENTIFYING THE PORTFOLIO
MANAGER:

     William H. Ahern,  Jr. is now the portfolio  manager of the Portfolio.
     He has been a Vice President of Eaton Vance and BMR since January, 1996 and
     has been an employee of Eaton Vance since 1989.

May 28, 1997                                                           LNAPS


               EV CLASSIC FLORIDA LIMITED MATURITY MUNICIPALS FUND
            EV CLASSIC MASSACHUSETTS LIMITED MATURITY MUNICIPALS FUND
              EV CLASSIC NEW YORK LIMITED MATURITY MUNICIPALS FUND
            EV CLASSIC PENNSYLVANIA LIMITED MATURITY MUNICIPALS FUND
                  SUPPLEMENT TO PROSPECTUS DATED AUGUST 1, 1996

     UNDER THE SECTION  ENTITLED  "MANAGEMENT OF THE FUNDS AND THE  PORTFOLIOS,"
THE FOLLOWING PARAGRAPHS ARE ADDED:

     William H. Ahern, Jr. is now the portfolio  manager of the Florida and
     Massachusetts  Portfolios.  He has been a Vice President of Eaton Vance and
     BMR since January, 1996 and has been an employee of Eaton Vance since 1989.

     Nicole Anderes is now the portfolio manager of the New York Portfolio.
     She joined BMR and Eaton Vance as a Vice President in January,  1994. Prior
     thereto,  she was a Vice  President and portfolio  manager at Lazard Freres
     Asset Management  (1992-1994) and a Vice President and Manager at Municipal
     Research at Roosevelt & Cross (1987-1992).

     Timothy T.  Browse is now the  portfolio  manager of the  Pennsylvania
     Portfolio.  He has been a Vice  President of Eaton Vance and BMR since 1993
     and an  employee  of  Eaton  Vance  since  1992.  Prior  thereto,  he was a
     municipal   bond  trader  at  Fidelity   Management   &  Research   Company
     (1987-1992).

May 28, 1997                                                       C-LC8/1PS


             EV MARATHON CALIFORNIA LIMITED MATURITY MUNICIPALS FUND
              EV MARATHON FLORIDA LIMITED MATURITY MUNICIPALS FUND
           EV MARATHON MASSACHUSETTS LIMITED MATURITY MUNICIPALS FUND
              EV MARATHON NEW YORK LIMITED MATURITY MUNICIPALS FUND
            EV MARATHON PENNSYLVANIA LIMITED MATURITY MUNICIPALS FUND
                  SUPPLEMENT TO PROSPECTUS DATED AUGUST 1, 1996

     UNDER THE SECTION  ENTITLED  "MANAGEMENT OF THE FUNDS AND THE  PORTFOLIOS,"
THE FOLLOWING PARAGRAPHS ARE ADDED:

     Cynthia J.  Clemson  is now the  portfolio  manager of the  California
     Portfolio.  Ms.  Clemson has been a Vice  President  of Eaton Vance and BMR
     since 1993 and an employee of Eaton Vance since 1985.

     William H. Ahern, Jr. is now the portfolio manager of the Connecticut,
     Florida,  Massachusetts,  Michigan and Ohio Portfolios.  He has been a Vice
     President  of  Eaton  Vance  and BMR  since  January,  1996 and has been an
     employee of Eaton Vance since 1989.

     Nicole Anderes is now the portfolio manager of the New York Portfolio.
     She joined BMR and Eaton Vance as a Vice President in January,  1994. Prior
     thereto,  she was a Vice  President and portfolio  manager at Lazard Freres
     Asset Management  (1992-1994) and a Vice President and Manager at Municipal
     Research at Roosevelt & Cross (1987-1992).

     Timothy T.  Browse is now the  portfolio  manager of the  Pennsylvania
     Portfolio.  He has been a Vice  President of Eaton Vance and BMR since 1993
     and an  employee  of  Eaton  Vance  since  1992.  Prior  thereto,  he was a
     municipal   bond  trader  at  Fidelity   Management   &  Research   Company
     (1987-1992).

May 28, 1997                                                        M-LC8/1PS


           EV TRADITIONAL CALIFORNIA LIMITED MATURITY MUNICIPALS FUND
             EV TRADITIONAL FLORIDA LIMITED MATURITY MUNICIPALS FUND
            EV TRADITIONAL NEW YORK LIMITED MATURITY MUNICIPALS FUND
                  SUPPLEMENT TO PROSPECTUS DATED AUGUST 1, 1996

     UNDER THE SECTION  ENTITLED  "MANAGEMENT OF THE FUNDS AND THE  PORTFOLIOS,"
THE FOLLOWING PARAGRAPHS ARE ADDED:

     Cynthia J.  Clemson  is now the  portfolio  manager of the  California
     Portfolio.  Ms.  Clemson has been a Vice  President  of Eaton Vance and BMR
     since 1993 and an employee of Eaton Vance since 1985.

     William H. Ahern, Jr. is now the portfolio manager of the Connecticut,
     Florida,  Michigan,  New  Jersey  and Ohio  Portfolios.  He has been a Vice
     President  of  Eaton  Vance  and BMR  since  January,  1996 and has been an
     employee of Eaton Vance since 1989.

     Nicole Anderes is now the portfolio manager of the New York Portfolio.
     She joined BMR and Eaton Vance as a Vice President in January,  1994. Prior
     thereto,  she was a Vice  President and portfolio  manager at Lazard Freres
     Asset Management  (1992-1994) and a Vice President and Manager at Municipal
     Research at Roosevelt & Cross (1987-1992).

May 28, 1997                                                       T-LC8/1PS




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