EV MARATHON HIGH YIELD MUNICIPALS FUND
Supplement to Statement of Additional Information dated August 1, 1995
The following supplements "Investment Adviser and
Administrator" in Part I of the Fund's Statement of Additional
Information:
Eaton Vance offers single-state tax-free portfolios in more
states than any other sponsor of mutual funds. There are 30
long-term state portfolios, 5 national portfolios and 12
limited maturity portfolios. A staff of 32 is responsible for
the day-to-day management of over 3,500 issues in 46 mutual
fund portfolios. Assets managed by the municipal investment
group are currently over $9.1 billion.
Thomas M. Metzold, the Portfolio's portfolio manager, is a
Chartered Financial Analyst and a Vice President of Eaton
Vance Management. He also is a member of the Boston Security
Analysts Society, the Association for Investment Management &
Research, the Boston Municipal Analysts Forum, and the
National Federation of Municipal Analysts.
The following supplements "Investment Performance" in Part I
of the Fund's Statement of Additional Information:
An investment in the Fund offers shareholders the
opportunity to: receive high monthly tax-free income; retain
more of their earnings; gain investment advantages over
purchasing individual bonds (such as professional management,
monthly income and portfolio diversification); and enlist a
research-based investment strategy to find municipal bonds
with potential for high current income and improving
fundamentals.
From time to time the Fund may provide investors with
information on high yield municipal bond investing, which may
include comparative performance information, charts and/or
illustrations prepared by independent sources (such as Lipper
Analytical Services). The Fund may also refer in investor
publications to Tax Freedom Day, as computed by the Tax
Foundation, Washington, DC 20005, to help illustrate the
value of tax free investing, as well as other tax-related
information.
September 8, 1995
EV TRADITIONAL HIGH YIELD MUNICIPALS FUND
Supplement to Statement of Additional Information dated August 1, 1995
The following supplements "Investment Adviser and
Administrator" in Part I of the Fund's Statement of Additional
Information:
Eaton Vance offers single-state tax-free portfolios in more
states than any other sponsor of mutual funds. There are 30
long-term state portfolios, 5 national portfolios and 12
limited maturity portfolios. A staff of 32 is responsible for
the day-to-day management of over 3,500 issues in 46 mutual
fund portfolios. Assets managed by the municipal investment
group are currently over $9.1 billion.
Thomas M. Metzold, the Portfolio's portfolio manager, is a
Chartered Financial Analyst and a Vice President of Eaton
Vance Management. He also is a member of the Boston Security
Analysts Society, the Association for Investment Management &
Research, the Boston Municipal Analysts Forum, and the
National Federation of Municipal Analysts.
The following supplements "Investment Performance" in Part I
of the Fund's Statement of Additional Information:
An investment in the Fund offers shareholders the
opportunity to: receive high monthly tax-free income; retain
more of their earnings; gain investment advantages over
purchasing individual bonds (such as professional management,
monthly income and portfolio diversification); and enlist a
research-based investment strategy to find municipal bonds
with potential for high current income and improving
fundamentals.
From time to time the Fund may provide investors with
information on high yield municipal bond investing, which may
include comparative performance information, charts and/or
illustrations prepared by independent sources (such as Lipper
Analytical Services). The Fund may also refer in investor
publications to Tax Freedom Day, as computed by the Tax
Foundation, Washington, DC 20005, to help illustrate the
value of tax free investing, as well as other tax-related
information.
September 8, 1995
