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

BOSTON -- 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 December 22, 2006, and the payable date is December 29, 2006. The

                                                         Distribution
Fund                                                      Per Share
Eaton Vance Enhanced Equity Income Fund (NYSE:EOI)         $0.137
Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS)      $0.144

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 capital gains or a return of capital. 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 Fund's 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 $128.9 billion in assets under management on October 31, 2006. Eaton Vance will make available periodic summary information regarding the Funds' portfolio investments. Those interested should call Eaton Vance Management at 800-262-1122.