EATON VANCE MUNICIPALS FUNDS
Supplement to Prospectuses dated
January 1, 2000
December 1, 1999
August 1, 1999
June 1, 1999
May 1, 1999
1. THE FOLLOWING IS ADDED TO THE SECOND PARAGRAPH OF "REDUCING OR ELIMINATING
SALES CHARGES" UNDER "SALES CHARGES":
Class A shares are sold at net asset value if the amount invested
represents redemption proceeds from a mutual fund not affiliated with Eaton
Vance, provided the redemption occurred within 60 days of the Fund share
purchase and the redeemed shares were subject to a sales charge. Class A
shares so acquired will be subject to a 0.50% CDSC if they are redeemed
within 12 months of purchase. Investment dealers will be paid a commission
on such sales of 0.50% of the amount invested.
2. THE FOLLOWING REPLACES THE THIRD PARAGRAPH UNDER "MANAGEMENT AND
ORGANIZATION" IN THE JANUARY 1, 2000 PROSPECTUS:
William H. Ahern is the portfolio manager of the Alabama Portfolio (since
June 1, 1997), the Kentucky Portfolio (since November 1, 1998) and the
Maryland Portfolio (since January 17, 2000). Cynthia J. Clemson is the
portfolio manager of the Missouri Portfolio and the Tennessee Portfolio
(since they commenced operations) and the Georgia Portfolio (Since January
1, 1996). Robert B. MacIntosh is the portfolio manager of the Louisiana
Portfolio and the North Carolina Portfolio (since January 1, 1996) and the
Virginia Portfolio (since January 17, 2000). Thomas M. Metzold is the
portfolio manager of the Arkansas Portfolio (since January 17, 2000) and
the Oregon Portfolio (since November 1, 1996). Thomas J. Fetter is the
portfolio manager of the South Carolina Portfolio (since January 1, 1996).
Each portfolio manager also manages other Eaton Vance portfolios, has been
an Eaton Vance portfolio manager for more than 5 years, and is a Vice
President of Eaton Vance and BMR.
3. THE FOLLOWING REPLACES THE THIRD PARAGRAPH UNDER "MANAGEMENT AND
ORGANIZATION" IN THE DECEMBER 1, 1999 PROSPECTUS:
William A. Ahern is the portfolio manager of the Colorado Portfolio (since
June 1, 1997), the Connecticut Portfolio (since November 24, 1997) and the
Michigan Portfolio (since January 17, 2000). Cynthia J. Clemson is the
portfolio manager of the Arizona Portfolio (since January 1, 1994) and the
Pennsylvania Portfolio (since January 17, 2000). Robert B. MacIntosh is the
portfolio manager of the New Jersey Portfolio (since it commenced
operations) and the Minnesota Portfolio (since November 1, 1996). Thomas M.
Metzold is the portfolio manager of the Texas Portfolio (since November 24,
1997). Each portfolio manager also manages other Eaton Vance portfolios,
has been an Eaton Vance portfolio manager for more than 5 years, and is a
Vice President of Eaton Vance and BMR.
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4. THE FOLLOWING REPLACES THE THIRD PARAGRAPH UNDER "MANAGEMENT AND
ORGANIZATION" IN THE AUGUST 1, 1999 PROSPECTUS:
William A. Ahern is the portfolio manager of the Connecticut Portfolio,
Michigan Portfolio, New Jersey Portfolio and Ohio Portfolio (since October,
1994), the Massachusetts Portfolio (since May 1, 1997), and the New York
Portfolio (since November 24, 1997). Cynthia J. Clemson is the portfolio
manager of the Florida Portfolio (since November 2, 1998), the California
Portfolio (since May 1, 1997) and the Pennsylvania Portfolio (since January
17, 2000). Each portfolio manager also manages other Eaton Vance
portfolios, has been an Eaton Vance portfolio manager for more than 5
years, and is a Vice President of Eaton Vance and BMR.
5. THE FOLLOWING REPLACES THE THIRD PARAGRAPH UNDER "MANAGEMENT AND
ORGANIZATION" IN THE JUNE 1, 1999 PROSPECTUS:
Cynthia J. Clemson is the portfolio manager of the Florida Insured
Portfolio (since November 2, 1998). Robert B. MacIntosh is the portfolio
manager of the Hawaii Portfolio (since it commenced operations). Thomas M.
Metzold is the portfolio manager of the Kansas Portfolio (since January 17,
2000). Each portfolio manager also manages other Eaton Vance portfolios,
has been an Eaton Vance Portfolio manager for more than 5 years, and is a
Vice President of Eaton Vance and BMR.
FEBRUARY 1, 2000 COMMUNIPS
