Eaton Vance Corp. announced today that its subsidiary, Eaton Vance Management ("Eaton Vance"), is internalizing the management of the Funds' options strategies, replacing Rampart Investment Management Company, Inc. ("Rampart"). Rampart has served as sub-advisor to Eaton Vance responsible for providing advice on and execution of the Funds' options strategies. Eaton Vance believes that managing each Fund's common stock portfolio and its options strategy on an integrated basis overseen by the Fund's portfolio managers will provide benefits to the Funds through improved information flow and more coordinated trading. Eaton Vance has given Rampart notice of termination of the agreements between Eaton Vance and Rampart with respect to the Funds, and today assumes responsibility for the options management of the Funds.

Eaton Vance Corp. (NYSE: EV) is one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $157.0 billion in assets as of September 30, 2009, offering individuals and institutions a broad array of investment products and wealth management solutions.

The Company's long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors. For more information about Eaton Vance, visit www.eatonvance.com.

SOURCE Eaton Vance Corp.