BOSTON, Feb. 1 /PRNewswire-FirstCall/ -- At a joint Special Meeting of Shareholders held Friday, January 29, 2010, shareholders of the Eaton Vance closed-end funds listed below (the "Funds") approved a modification to each Fund's 80 percent policy to eliminate the requirement to invest primarily in insured municipal obligations. Also, effective today, the Funds are required, under normal market conditions, to invest at least 80 percent of net assets in municipal obligations rated A or better by Moody's, S&P or Fitch and each Fund is eliminating "Insured" from its name. For purposes of the Funds' 80 percent requirement, the rating of insured obligations is deemed to be the higher of the claims-paying rating of the insurer and the rating of the underlying issue. Former Name New Name* ----------- --------- Eaton Vance Insured Municipal Bond Fund Eaton Vance Municipal Bond Fund (NYSE Amex: EIM) Eaton Vance Insured California Eaton Vance California Municipal Municipal Bond Fund Bond Fund (NYSE Amex: EVM) Eaton Vance Insured New York Eaton Vance New York Municipal Bond Municipal Bond Fund Fund (NYSE Amex: ENX) Eaton Vance Insured Municipal Bond Fund II Eaton Vance Municipal Bond Fund II (NYSE Amex: EIV) Eaton Vance Insured California Eaton Vance California Municipal Municipal Bond Fund II Bond Fund II (NYSE Amex: EIA) Eaton Vance Insured Massachusetts Municipal Bond Eaton Vance Massachusetts Municipal Fund Bond Fund (NYSE Amex: MAB) Eaton Vance Insured Michigan Eaton Vance Michigan Municipal Bond Municipal Bond Fund Fund (NYSE Amex: MIW) Eaton Vance Insured New Jersey Eaton Vance New Jersey Municipal Municipal Bond Fund Bond Fund (NYSE Amex: EMJ) Eaton Vance Insured New York Eaton Vance New York Municipal Bond Municipal Bond Fund II Fund II (NYSE Amex: NYH) Eaton Vance Insured Ohio Eaton Vance Ohio Municipal Bond Municipal Bond Fund Fund (NYSE Amex: EIO) Eaton Vance Insured Pennsylvania Eaton Vance Pennsylvania Municipal Municipal Bond Fund Bond Fund (NYSE Amex: EIP) *Ticker symbols have not changed. The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE:EV). Eaton Vance 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 $163.1 billion in assets as of December 31, 2009, offering individuals and institutions a broad array of investment products and wealth management solutions. For more information about Eaton Vance, visit http://www.eatonvance.com/. DATASOURCE: Eaton Vance Management CONTACT: Investors, Jonathan Isaac of Eaton Vance Management, 1-800-262-1122 Web Site: http://www.eatonvance.com/

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