Eaton Vance Closed-End Enhanced Equity Income Funds Declare Monthly Distributions

Business Wire, August 15, 2007

BOSTON -- On August 15, 2007, Eaton Vance Management, the Boston-based investment adviser, announced the monthly distributions declared on the common shares of two of its closed-end equity funds (the "Funds"). The record date for the distributions is August 24, 2007, and the payable date is August 31, 2007. The ex-date is August 22, 2007. The distribution per share for each Fund is as follows:

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The amount of monthly distributions may vary depending on a number of factors. As portfolio and market conditions change, the rate of distributions may change. At this time, the Funds believe that a portion of their respective distribution may be comprised of short-term capital gains. Further information will be available prior to the payment date at www.eatonvance.com/closed_end/index.php. The final determination of tax characteristics of the Funds' distributions will occur after the end of the year, at which time it will be reported to shareholders.

The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp., which is listed on the New York Stock Exchange under the symbol EV. Eaton Vance and its affiliates had $153.6 billion in assets under management on June 30, 2007. Eaton Vance will make available periodic summary information regarding the Funds' portfolio investments. Those interested should call Eaton Vance Management at 800-262-1122.