Edgar Filing: EATON VANCE MICHIGAN MUNICIPAL INCOME TRUST

EATON VANCE MICHIGAN MUNICIPAL INCOME TRUST

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number: 811-09157

Eaton Vance Michigan Municipal Income Trust

(Exact Name of registrant as Specified in Charter)

The Eaton Vance Building, 255 State Street, Boston, Massachusetts 02109

(Address of Principal Executive Offices)

Maureen A. Gemma
The Eaton Vance Building, 255 State Street, Boston, Massachusetts 02109

(Name and Address of Agent for Services)

(617) 482-8260

(registrant’s Telephone Number)

November 30

Date of Fiscal Year End

November 30, 2008

Date of Reporting Period

Item 1. Reports to Stockholders

Annual Report November 30 , 2008 EATON VANCE CLOSED-END FUNDS: MUNICIPAL California INCOME Massachusetts TRUSTS Michigan National New Jersey New York Ohio Pennsylvania

IMPORTANT NOTICES REGARDING PRIVACY,
DELIVERY OF SHAREHOLDER DOCUMENTS,
PORTFOLIO HOLDINGS AND PROXY VOTING

Privacy. The Eaton Vance organization is committed to ensuring your financial privacy. Each of the financial institutions identified below has in effect the following policy (“Privacy Policy”) with respect to nonpublic personal information about its customers:


	•	Only such information received from you, through application forms or otherwise, and information about your Eaton Vance fund transactions will be collected. This may include information such as name, address, social security number, tax status, account balances and transactions.

	•	None of such information about you (or former customers) will be disclosed to anyone, except as permitted by law (which includes disclosure to employees necessary to service your account). In the normal course of servicing a customer’s account, Eaton Vance may share information with unaffiliated third parties that perform various required services such as transfer agents, custodians and broker/dealers.

	•	Policies and procedures (including physical, electronic and procedural safeguards) are in place that are designed to protect the confidentiality of such information.

	•	We reserve the right to change our Privacy Policy at any time upon proper notification to you. Customers may want to review our Policy periodically for changes by accessing the link on our homepage: www.eatonvance.com.

Our pledge of privacy applies to the following entities within the Eaton Vance organization: the Eaton Vance Family of Funds, Eaton Vance Management, Eaton Vance Investment Counsel, Boston Management and Research, and Eaton Vance Distributors, Inc.

In addition, our Privacy Policy only applies to those Eaton Vance customers who are individuals and who have a direct relationship with us. If a customer’s account (i.e., fund shares) is held in the name of a third-party financial adviser/broker-dealer, it is likely that only such adviser’s privacy policies apply to the customer. This notice supersedes all previously issued privacy disclosures.

For more information about Eaton Vance’s Privacy Policy, please call 1-800-262-1122.

Delivery of Shareholder Documents. The Securities and Exchange Commission (the “SEC”) permits funds to deliver only one copy of shareholder documents, including prospectuses, proxy statements and shareholder reports, to fund investors with multiple accounts at the same residential or post office box address. This practice is often called “householding” and it helps eliminate duplicate mailings to shareholders.

Eaton Vance, or your financial adviser, may household the mailing of your documents indefinitely unless you instruct Eaton Vance, or your financial adviser, otherwise.

If you would prefer that your Eaton Vance documents not be householded, please contact Eaton Vance at 1-800-262-1122, or contact your financial adviser.

Your instructions that householding not apply to delivery of your Eaton Vance documents will be effective within 30 days of receipt by Eaton Vance or your financial adviser.

Portfolio Holdings. Each Eaton Vance Fund and its underlying Portfolio (if applicable) will file a schedule of its portfolio holdings on Form N-Q with the SEC for the first and third quarters of each fiscal year. The Form N-Q will be available on the Eaton Vance website www.eatonvance.com, by calling Eaton Vance at 1-800-262-1122 or in the EDGAR database on the SEC’s website at www.sec.gov. Form N-Q may also be reviewed and copied at the SEC’s public reference room in Washington, D.C. (call 1-800-732-0330 for information on the operation of the public reference room).

Proxy Voting. From time to time, funds are required to vote proxies related to the securities held by the funds. The Eaton Vance Funds or their underlying portfolios (if applicable) vote proxies according to a set of policies and procedures approved by the Funds’ and Portfolios’ Boards. You may obtain a description of these policies and procedures and information on how the Funds or Portfolios voted proxies relating to portfolio securities during the most recent 12 month period ended June 30, without charge, upon request, by calling 1-800-262-1122. This description is also available on the SEC’s website at www.sec.gov.

Eaton Vance Municipal Income Trusts as of November 30, 2008

TABLE OF CONTENTS


Management’s Discussion of Fund Performance			2

Performance Information and Portfolio Composition

California Municipal Income Trust			4
Massachusetts Municipal Income Trust			5
Michigan Municipal Income Trust			6
National Municipal Income Trust			7
New Jersey Municipal Income Trust			8
New York Municipal Income Trust			9
Ohio Municipal Income Trust			10
Pennsylvania Municipal Income Trust			11

Financial Statements			12

Federal Tax Information			74

Notice to Shareholders			75

Dividend Reinvestment Plan			76

Board of Trustees’ Annual Approval of the Investment Advisory Agreements			78

Management and Organization			81

Eaton Vance Municipal Income Trusts as of November 30, 2008

MANAGEMENT’S DISCUSSION OF FUND PERFORMANCE

Eaton Vance Municipal Income Trusts (the “Trusts”) are closed-end Trusts, traded on the NYSE Alternext U.S., which are designed to provide current income exempt from regular federal income tax and state personal income taxes, as applicable. This income is earned by investing primarily in investment-grade municipal securities.

Economic and Market Conditions

Economic growth in the third quarter of 2008 retracted 0.3%, down from a positive second quarter growth rate of 2.8%, according to data released by the U.S. Department of Commerce. Most of the major Gross Domestic Product (GDP) components led to the decline; however, most influential was a sharp downturn in personal consumption expenditures by consumers, a factor which has continued to weigh on the economy during the first two months of the fourth quarter of 2008. While high commodity prices have mitigated since their summertime peaks, management believes consumers continued to pare costs as they remained cautious of what increasingly has become a weaker economic environment. Rising unemployment levels, now at a five-year high, have led to constrained personal consumption and overall economic contraction. The housing market continues to weigh on the economy, with new home sales continuing to fall and existing home sales beginning to stabilize only as cautious buyers begin to see value in distressed pricing. Low home prices continue to pressure consumers and banks, causing increased bank foreclosures and more mark-to-market write downs of mortgage-backed securities at commercial banks and financial institutions.

During the year ended November 30, 2008, the capital markets have experienced historic events resulting in unprecedented volatility. During September 2008, for example, the federal government took control of federally-chartered mortgage giants Fannie Mae and Freddie Mac. During the same month, Lehman Brothers filed for bankruptcy protection and Merrill Lynch was acquired by Bank of America. Also in September 2008, Goldman Sachs and Morgan Stanley petitioned the Federal Reserve (the “Fed”) to become bank holding companies, a step which brings greater regulation but also easier access to credit. These actions, in conjunction with Bear Stearns’ acquisition by JP Morgan in March 2008, drastically redefined the Wall Street landscape. In addition to the independent Wall Street brokerages, the banking sector was shaken by the failure of Washington Mutual and the sale of Wachovia. In the insurance sector, the federal government provided more than $85 billion in loans to help stabilize American International Group, Inc. (AIG). Finally, the U.S. Congress approved a $700 billion program authorizing the federal government to purchase troubled assets from financial institutions, a program which has continued to evolve since its passing.

During the year ended November 30, 2008, the Fed lowered the Federal Funds rate to 1.00% from as high as 5.25% in the summer of 2007. In addition to its interest rate policy, the Fed has also taken extraordinary action through a variety of innovative lending techniques in an attempt to facilitate an easing of the credit crisis.

Management Discussion

The Trusts invest primarily in bonds with stated maturities of 10 years or longer, as longer-maturity bonds historically have provided greater tax-exempt income for investors than shorter-maturity bonds.

Relative to their primary benchmark, the Barclays Capital Municipal Bond Index¹ (the “Index”) — a broad-based, unmanaged index of municipal bonds — the Trusts underperformed for the year ended November 30, 2008. As a result of an active management style that focuses on income and longer call protection, each Trust generally holds longer-maturity bonds. Management believes that much of the Trusts’ underperformance can be attributed to the shift of investors’ capital into shorter-maturity bonds, a result of the broader-based credit crisis that has rattled the fixed-income markets since the summer of 2007. This underperformance was magnified by the Trusts’

Trust shares are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Shares are subject to investment risks, including possible loss of principal invested.


¹		Formerly called Lehman Brothers Municipal Bond Index. It is not possible to invest directly in an Index. The Index’s total return does not reflect expenses that would have been incurred if an investor individually purchased or sold the securities represented in the Index.

		Past performance is no guarantee of future results.

The views expressed throughout this report are those of the portfolio managers and are current only through the end of the period of the report as stated on the cover. These views are subject to change at any time based upon market or other conditions, and the investment adviser disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a fund are based on many factors, may not be relied on as an indication of trading intent on behalf of any Eaton Vance fund. Portfolio information provided in the report may not be representative of the Trusts’ current or future investments and may change due to active management.

Eaton Vance Municipal Income Trusts as of November 30, 2008

MANAGEMENT’S DISCUSSION OF FUND PERFORMANCE

use of leverage and leveraged investments. The move to shorter-term investments was originally driven by uncertainty surrounding financial companies’ exposure to subprime mortgage-backed debt but later spread to the municipal market when major municipal bond insurers suffered rating downgrades due to their exposure to mortgage-related structured products.

The ratio of yields on current coupon AAA-rated insured municipal bonds to the yield on 30-year Treasury bonds was 157% as of November 30, 2008, with many individual municipal bonds trading at higher ratios.¹ Management believes that this was the result of continued dislocation in the fixed-income marketplace caused by a flight to Treasury securities, municipal bond insurance companies’ mark-to-market risks and the decentralized nature of the municipal marketplace. Historically, this is a rare occurrence in the municipal bond market and is generally considered a signal that municipal bonds are significantly under-valued relative to taxable Treasury bonds.

Against this backdrop, management continues to manage all of its municipal funds with the same relative value approach that it has traditionally employed — maintaining a long-term perspective when markets exhibit extreme short-term volatility. We believe this approach has provided excellent long-term benefits to our investors over time.

A Note Regarding Auction Preferred Shares (APS)

As has been widely reported since mid-February 2008, the normal functioning of the auction market in the United States for certain types of “auction rate securities” has been disrupted by an imbalance between buy and sell orders. Consistent with patterns in the broader market for auction rate securities, the Trusts have, since mid-February, experienced unsuccessful APS auctions. In the event of an unsuccessful auction, the affected APS remain outstanding, and the dividend rate reverts to the specified maximum payable rate.

During the year ended November 30, 2008, certain Trusts redeemed a portion of their outstanding APS. Information relating to these redemptions is contained in Note 2 to the Financial Statements. Replacement financing for the redeemed APS may have been provided through the creation of tender option bonds (TOBs).²The cost to the Trusts of the new TOB financing is expected, over time, to be lower than the total cost of APS based on the maximum applicable dividend rates. Each Trust’s APS percentage (i.e., APS at liquidation value as a percentage of the Trust’s net assets applicable to common shares plus APS) as of November 30, 2008 is reflected on the Trust-specific pages following this letter. The leverage created by APS and TOB investments provides an opportunity for increased income but, at the same time, creates special risks (including the likelihood of greater volatility of net asset value and share price of the common shares).

From December 22, 2008 through December 24, 2008, after the end of the reporting period, certain Trusts voluntarily redeemed a portion of their outstanding APS to reduce the amount of the Trusts’ financial leverage. Information relating to these redemptions is contained in Note 14 to the Financial Statements.


¹		Source: Bloomberg L.P. Yields are a compilation of a representative variety of general obligations and are not necessarily representative of a Trust’s yield.

²		Source: See Note 1H to Financial Statements for more information on TOB investments.

Eaton Vance California Municipal Income Trust as of November 30, 2008

PERFORMANCE INFORMATION AND PORTFOLIO COMPOSITION


Trust Performance¹
NYSE Alternext U.S. Symbol	CEV

Average Annual Total Returns (by share price)

One Year		-26.34	%
Five Years		-4.06
Life of Trust (1/29/99)		0.82

Average Annual Total Returns (by net asset value)

One Year		-30.70	%
Five Years		-3.03
Life of Trust (1/29/99)		1.62

Premium/(Discount) to NAV		-7.48	%

Market Yields

Market Yield²		7.50	%
Taxable-Equivalent Market Yield³		12.72

Index Performance⁴Average Annual Total Returns


Barclays Capital Municipal Bond Index			Barclays Capital Municipal Bond Long 22+ Index

One Year	-3.61	%		-15.21	%
Five Years	2.58			0.94
Life of Trust (1/31/99)	4.05			3.26

Lipper Averages⁵Average Annual Total Returns


Lipper California Municipal Debt Funds Classification (by net asset value)

One Year	-19.29	%
Five Years	-0.03
Life of Trust (1/31/99)	2.69

Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in net asset value or share price (as applicable) with all distributions reinvested. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Trust’s current performance may be lower or higher than the quoted return. For performance as of the most recent month end, please refer to www.eatonvance.com.

Portfolio Manager: Cynthia J. Clemson

Rating Distribution*⁶

By total investments


*		The rating distribution presented above includes the ratings of securities held by special purpose vehicles in which the Trust holds a residual interest. See Note 1H to the Trust’s financial statements. Absent such securities, the Trust’s rating distribution at November 30, 2008, is as follows, and the average rating is AA-:


AAA	27.5	%	BBB	8.3	%
AA	32.0	%	BB	0.5	%
A	24.1	%	Not Rated	7.6	%

Trust Statistics⁷


•Number of Issues:		93
•Average Maturity:	21.6		years
•Average Effective Maturity:	20.3		years
•Average Call Protection:	7.6		years
•Average Dollar Price:	$	80.66
•APS Leverage:**		34.7	%
•TOB Leverage:**		16.1	%


**		APS leverage represents the liquidation value of the Trust’s Auction Preferred Shares (APS) outstanding at 11/30/08 as a percentage of the Trust’s net assets applicable to common shares plus APS and TOB Floating Rate Notes. TOB leverage represents the amount of Floating Rate Notes outstanding at 11/30/08 as a percentage of the Trust’s net assets applicable to common shares plus APS and Floating Rate Notes. Floating Rate Notes in both calculations reflect the effect of TOBs purchased in secondary market transactions.


¹		Returns are historical and are calculated by determining the percentage change in share price or net asset value (as applicable) with all distributions reinvested. The Trust’s performance at market share price will differ from its results at NAV. Although share price performance generally reflects investment results over time, during shorter periods, returns at share price can also be affected by factors such as changing perceptions about the Trust, market conditions, fluctuations in supply and demand for the Trust’s shares, or changes in Trust distributions. Performance results reflect the effects of APS outstanding and TOB investments, which are forms of investment leverage. Use of leverage creates an opportunity for increased income but, at the same time, creates special risks (including the likelihood of greater volatility of net asset value and market price of common shares). ²The Trust’s market yield is calculated by dividing the last dividend paid per common share of the fiscal year by the share price at the end of the fiscal year and annualizing the result. ³Taxable-equivalent figure assumes a maximum 41.05% combined federal and state income tax rate. A lower tax rate would result in a lower tax-equivalent figure. ⁴Formerly called Lehman Brothers Municipal Bond Index and Lehman Brothers Municipal Bond Long 22+ Index, respectively. It is not possible to invest directly in an Index. The Indices’ total returns do not reflect the expenses that would have been incurred if an investor individually purchased or sold the securities represented in the Indices. Index performance is available as of month end only. ⁵The Lipper Averages are the average annual total returns, at net asset value, of the funds that are in the same Lipper Classification as the Trust. It is not possible to invest in a Lipper Classification. Lipper Classifications may include insured and uninsured funds, as well as leveraged and unleveraged funds. The Lipper California Municipal Debt Funds Classification (closed-end) contained 24, 24 and 13 funds for the 1-year, 5-year and Life-of-Trust time periods, respectively. Lipper Averages are available as of month end only. ⁶Rating Distribution is determined by dividing the total market value of the issues by the total investments of the Trust. Although the investment adviser considers ratings when making investment decisions, it performs its own credit and investment analysis and does not rely primarily on the ratings assigned by the rating services. Credit quality can change from time to time, and recently issued credit ratings may not fully reflect the actual risks posed by a particular security or the issuer’s current financial condition. ⁷ Trust holdings information excludes securities held by special purpose vehicles in which the Trust holds a residual interest. See Note 1H to the Trust’s financial statements.

Eaton Vance Massachusetts Municipal Income Trust as of November 30, 2008

PERFORMANCE INFORMATION AND PORTFOLIO COMPOSITION


Trust Performance¹
NYSE Alternext U.S. Symbol	MMV

Average Annual Total Returns (by share price)

One Year		-27.89	%
Five Years		-5.40
Life of Trust (1/29/99)		0.37

Average Annual Total Returns (by net asset value)

One Year		-28.02	%
Five Years		-2.92
Life of Trust (1/29/99)		1.68

Premium/(Discount) to NAV		-12.20	%

Market Yields

Market Yield²		7.49	%
Taxable-Equivalent Market Yield³		12.17

Index Performance⁴ Average Annual Total Returns


Barclays Capital Municipal Bond Index			Barclays Capital Municipal Bond Long 22+ Index

One Year	-3.61	%		-15.21	%
Five Years	2.58			0.94
Life of Trust (1/31/99)	4.05			3.26

Lipper Averages⁵Average Annual Total Returns


Lipper Other States Municipal Debt Funds Classification (by net asset value)

One Year	-14.38	%
Five Years	0.64
Life of Trust (1/31/99)	2.99

Portfolio Manager: Robert B. MacIntosh, CFA

Rating Distribution*⁶

By total investments


*		The rating distribution presented above includes the ratings of securities held by special purpose vehicles in which the Trust holds a residual interest. See Note 1H to the Trust’s financial statements. Absent such securities, the Trust’s rating distribution at November 30, 2008, is as follows, and the average rating is A+:


AAA	12.2	%	BBB	11.9	%
AA	30.5	%	BB	1.1	%
A	38.0	%	Not Rated	6.3	%

Trust Statistics⁷


•Number of Issues:		61
•Average Maturity:	26.4		years
•Average Effective Maturity:	23.9		years
•Average Call Protection:	8.2		years
•Average Dollar Price:	$	81.88
•APS Leverage:**		39.1	%
•TOB Leverage:**		11.1	%


**		APS leverage represents the liquidation value of the Trust’s Auction Preferred Shares (APS) outstanding at 11/30/08 as a percentage of the Trust’s net assets applicable to common shares plus APS and TOB Floating Rate Notes. TOB leverage represents the amount of Floating Rate Notes outstanding at 11/30/08 as a percentage of the Trust’s net assets applicable to common shares plus APS and Floating Rate Notes. Floating Rate Notes in both calculations reflect the effect of TOBs purchased in secondary market transactions.


¹		Returns are historical and are calculated by determining the percentage change in share price or net asset value (as applicable) with all distributions reinvested. The Trust’s performance at market share price will differ from its results at NAV. Although share price performance generally reflects investment results over time, during shorter periods, returns at share price can also be affected by factors such as changing perceptions about the Trust, market conditions, fluctuations in supply and demand for the Trust’s shares, or changes in Trust distributions. Performance results reflect the effects of APS outstanding and TOB investments, which are forms of investment leverage. Use of leverage creates an opportunity for increased income but, at the same time, creates special risks (including the likelihood of greater volatility of net asset value and market price of common shares). ²The Trust’s market yield is calculated by dividing the last dividend paid per common share of the fiscal year by the share price at the end of the fiscal year and annualizing the result. ³Taxable-equivalent figure assumes a maximum 38.45% combined federal and state income tax rate. A lower tax rate would result in a lower tax-equivalent figure. ⁴Formerly called Lehman Brothers Municipal Bond Index and Lehman Brothers Municipal Bond Long 22+ Index, respectively. It is not possible to invest directly in an Index. The Indices’ total returns do not reflect the expenses that would have been incurred if an investor individually purchased or sold the securities represented in the Indices. Index performance is available as of month end only. ⁵The Lipper Averages are the average annual total returns, at net asset value, of the funds that are in the same Lipper Classification as the Trust. It is not possible to invest in a Lipper Classification. Lipper Classifications may include insured and uninsured funds, as well as leveraged and unleveraged funds. The Lipper Other States Municipal Debt Funds Classification (closed-end) contained 43, 43 and 20 funds for the 1-year, 5-year and Life-of-Trust time periods, respectively. Lipper Averages are available as of month end only. ⁶Rating Distribution is determined by dividing the total market value of the issues by the total investments of the Trust. Although the investment adviser considers ratings when making investment decisions, it performs its own credit and investment analysis and does not rely primarily on the ratings assigned by the rating services. Credit quality can change from time to time, and recently issued credit ratings may not fully reflect the actual risks posed by a particular security or the issuer’s current financial condition. ⁷ Trust holdings information excludes securities held by special purpose vehicles in which the Trust holds a residual interest. See Note 1H to the Trust’s financial statements.

Eaton Vance Michigan Municipal Income Trust as of November 30, 2008

PERFORMANCE INFORMATION AND PORTFOLIO COMPOSITION


Trust Performance¹
NYSE Alternext U.S. Symbol	EMI

Average Annual Total Returns (by share price)

One Year		-32.76	%
Five Years		-7.75
Life of Trust (1/29/99)		-0.72

Average Annual Total Returns (by net asset value)

One Year		-21.02	%
Five Years		-1.24
Life of Trust (1/29/99)		2.52

Premium/(Discount) to NAV		-27.07	%

Market Yields

Market Yield²		7.84	%
Taxable-Equivalent Market Yield³		12.61

Index Performance⁴Average Annual Total Returns


Barclays Capital Municipal Bond Index			Barclays Capital Municipal Bond Long 22+ Index

One Year	-3.61	%		-15.21	%
Five Years	2.58			0.94
Life of Trust (1/31/99)	4.05			3.26

Lipper Averages⁵ Average Annual Total Returns


Lipper Michigan Municipal Debt Funds Classification (by net asset value)

One Year	-13.98	%
Five Years	0.62
Life of Trust (1/31/99)	3.31

Portfolio Manager: William H. Ahern, Jr., CFA

Rating Distribution*⁶

By total investments

The rating distribution presented above includes the ratings of securities held by special purpose vehicles in which the Trust holds a residual interest. See Note 1H to the Trust’s financial statements. Absent such securities, the Trust’s rating distribution at November 30, 2008, is as follows, and the average rating is AA-:


AAA	21.4	%	BB	1.4	%
AA	44.3	%	CCC	0.6	%
A	16.5	%	Not Rated	3.0	%
BBB	12.8	%

Trust Statistics⁷


•Number of Issues:		64
•Average Maturity:	21.8		years
•Average Effective Maturity:	16.4		years
•Average Call Protection:	4.9		years
•Average Dollar Price:	$	87.93
•APS Leverage:**		40.7	%
•TOB Leverage:**		5.9	%


**		APS leverage represents the liquidation value of the Trust’s Auction Preferred Shares (APS) outstanding at 11/30/08 as a percentage of the Trust’s net assets applicable to common shares plus APS and TOB Floating Rate Notes. TOB leverage represents the amount of Floating Rate Notes outstanding at 11/30/08 as a percentage of the Trust’s net assets applicable to common shares plus APS and Floating Rate Notes. Floating Rate Notes in both calculations reflect the effect of TOBs purchased in secondary market transactions.


¹		Returns are historical and are calculated by determining the percentage change in share price or net asset value (as applicable) with all distributions reinvested. The Trust’s performance at market share price will differ from its results at NAV. Although share price performance generally reflects investment results over time, during shorter periods, returns at share price can also be affected by factors such as changing perceptions about the Trust, market conditions, fluctuations in supply and demand for the Trust’s shares, or changes in Trust distributions. Performance results reflect the effects of APS outstanding and TOB investments, which are forms of investment leverage. Use of leverage creates an opportunity for increased income but, at the same time, creates special risks (including the likelihood of greater volatility of net asset value and market price of common shares). ²The Trust’s market yield is calculated by dividing the last dividend paid per common share of the fiscal year by the share price at the end of the fiscal year and annualizing the result. ³Taxable-equivalent figure assumes a maximum 37.83% combined federal and state income tax rate. A lower tax rate would result in a lower tax-equivalent figure. ⁴Formerly called Lehman Brothers Municipal Bond Index and Lehman Brothers Municipal Bond Long 22+ Index, respectively. It is not possible to invest directly in an Index. The Indices’ total returns do not reflect the expenses that would have been incurred if an investor individually purchased or sold the securities represented in the Indices. Index performance is available as of month end only. ⁵The Lipper Averages are the average annual total returns, at net asset value, of the funds that are in the same Lipper Classification as the Trust. It is not possible to invest in a Lipper Classification. Lipper Classifications may include insured and uninsured funds, as well as leveraged and unleveraged funds. The Lipper Michigan Municipal Debt Funds Classification (closed-end) contained 4, 4 and 3 funds for the 1-year, 5-year and Life-of-Trust time periods, respectively. Lipper Averages are available as of month end only. ⁶Rating Distribution is determined by dividing the total market value of the issues by the total investments of the Trust. Although the investment adviser considers ratings when making investment decisions, it performs its own credit and investment analysis and does not rely primarily on the ratings assigned by the rating services. Credit quality can change from time to time, and recently issued credit ratings may not fully reflect the actual risks posed by a particular security or the issuer’s current financial condition. ⁷ Trust holdings information excludes securities held by special purpose vehicles in which the Trust holds a residual interest. See Note 1H to the Trust’s financial statements.

Eaton Vance National Municipal Income Trust^†as of November 30, 2008

PERFORMANCE INFORMATION AND PORTFOLIO COMPOSITION

^†

Effective June 19, 2008, the Fund’s name was changed from Eaton Vance Florida Plus Municipal Income Trust.


Trust Performance¹
NYSE Alternext U.S. Symbol	FEV

Average Annual Total Returns (by share price)

One Year		-36.32	%
Five Years		-8.02
Life of Trust (1/29/99)		-0.95

Average Annual Total Returns (by net asset value)

One Year		-36.71	%
Five Years		-5.47
Life of Trust (1/29/99)		0.48

Premium/(Discount) to NAV		-13.18	%

Market Yields

Market Yield²		9.11	%
Taxable-Equivalent Market Yield³		14.02

Index Performance⁴Average Annual Total Returns


Barclays Capital Municipal Bond Index			Barclays Capital Municipal Bond Long 22+ Index

One Year	-3.61	%		-15.21	%
Five Years	2.58			0.94
Life of Trust (1/31/99)	4.05			3.26

Lipper Averages⁵Average Annual Total Returns


Lipper General Municipal Debt Funds (Leveraged) Classification (by net asset value)

One Year	-20.85	%
Five Years	-0.68
Life of Trust (1/31/99)	2.46

Portfolio Manager: Thomas M. Metzold, CFA

Rating Distribution*⁶

By total investments


*		The rating distribution presented above includes the ratings of securities held by special purpose vehicles in which the Trust holds a residual interest. See Note 1H to the Trust’s financial statements. Absent such securities, the Trust’s rating distribution at November 30, 2008, is as follows, and the average rating is A:


AAA	24.6	%	BB	3.5	%
AA	21.9	%	B	4.5	%
A	18.4	%	CCC	0.7	%
BBB	14.2	%	Not Rated	12.2	%

Trust Statistics⁷


•Number of Issues:		105
•Average Maturity:	25.7		years
•Average Effective Maturity:	24.4		years
•Average Call Protection:	8.1		years
•Average Dollar Price:	$	84.80
•APS Leverage:**		24.6	%
•TOB Leverage:**		29.7	%


**		APS leverage represents the liquidation value of the Trust’s Auction Preferred Shares (APS) outstanding at 11/30/08 as a percentage of the Trust’s net assets applicable to common shares plus APS and TOB Floating Rate Notes. TOB leverage represents the amount of Floating Rate Notes outstanding at 11/30/08 as a percentage of the Trust’s net assets applicable to common shares plus APS and Floating Rate Notes. Floating Rate Notes in both calculations reflect the effect of TOBs purchased in secondary market transactions.


¹		Returns are historical and are calculated by determining the percentage change in share price or net asset value (as applicable) with all distributions reinvested. The Trust’s performance at market share price will differ from its results at NAV. Although share price performance generally reflects investment results over time, during shorter periods, returns at share price can also be affected by factors such as changing perceptions about the Trust, market conditions, fluctuations in supply and demand for the Trust’s shares, or changes in Trust distributions. Performance results reflect the effects of APS outstanding and TOB investments, which are forms of investment leverage. Use of leverage creates an opportunity for increased income but, at the same time, creates special risks (including the likelihood of greater volatility of net asset value and market price of common shares). ²The Trust’s market yield is calculated by dividing the last dividend paid per common share of the fiscal year by the share price at the end of the fiscal year and annualizing the result. ³Taxable-equivalent figure assumes a maximum 35.00% federal income tax rate. A lower tax rate would result in a lower tax-equivalent figure. ⁴Formerly called Lehman Brothers Municipal Bond Index and Lehman Brothers Municipal Bond Long 22+ Index, respectively. It is not possible to invest directly in an Index. The Indices’ total returns do not reflect the expenses that would have been incurred if an investor individually purchased or sold the securities represented in the Indices. Index performance is available as of month end only. ⁵The Lipper Averages are the average annual total returns, at net asset value, of the funds that are in the same Lipper Classification as the Trust. It is not possible to invest in a Lipper Classification. Lipper Classifications may include insured and uninsured funds, as well as leveraged and unleveraged funds. The Lipper General Municipal Debt Funds (Leveraged) Classification (closed-end) contained 60, 59 and 42 funds for the 1-year, 5-year and Life-of-Trust time periods, respectively. Lipper Averages are available as of month end only. ⁶Rating Distribution is determined by dividing the total market value of the issues by the total investments of the Trust. Although the investment adviser considers ratings when making investment decisions, it performs its own credit and investment analysis and does not rely primarily on the ratings assigned by the rating services. Credit quality can change from time to time, and recently issued credit ratings may not fully reflect the actual risks posed by a particular security or the issuer’s current financial condition. ⁷ Trust holdings information excludes securities held by special purpose vehicles in which the Trust holds a residual interest. See Note 1H to the Trust’s financial statements.

Eaton Vance New Jersey Municipal Income Trust as of November 30, 2008

PERFORMANCE INFORMATION AND PORTFOLIO COMPOSITION


Trust Performance¹
NYSE Alternext U.S. Symbol	EVJ

Average Annual Total Returns (by share price)

One Year		-29.88	%
Five Years		-6.13
Life of Trust (1/29/99)		0.08

Average Annual Total Returns (by net asset value)

One Year		-33.57	%
Five Years		-3.94
Life of Trust (1/29/99)		1.11

Premium/(Discount) to NAV		-9.57	%

Market Yields

Market Yield²		7.88	%
Taxable-Equivalent Market Yield³		13.32

Index Performance⁴Average Annual Total Returns


Barclays Capital Municipal Bond Index			Barclays Capital Municipal Bond Long 22+ Index

One Year	-3.61	%		-15.21	%
Five Years	2.58			0.94
Life of Trust (1/31/99)	4.05			3.26

Lipper Averages⁵Average Annual Total Returns


Lipper New Jersey Municipal Debt Funds Classification (by net asset value)

One Year	-18.56	%
Five Years	-0.08
Life of Trust (1/31/99)	2.61

Portfolio Manager: Robert B. MacIntosh, CFA

Rating Distribution*⁶

By total investments


*		The rating distribution presented above includes the ratings of securities held by special purpose vehicles in which the Trust holds a residual interest. See Note 1H to the Trust’s financial statements. Absent such securities, the Trust’s rating distribution at November 30, 2008, is as follows, and the average rating is AA-:


AAA	30.8	%	BBB	24.0	%
AA	21.5	%	B	1.2	%
A	21.4	%	Not Rated	1.1	%

Trust Statistics⁷


•Number of Issues:		75
•Average Maturity:	24.4		years
•Average Effective Maturity:	23.1		years
•Average Call Protection:	9.4		years
•Average Dollar Price:	$	73.51
•APS Leverage:**		39.9	%
•TOB Leverage:**		9.4	%


**		APS leverage represents the liquidation value of the Trust’s Auction Preferred Shares (APS) outstanding at 11/30/08 as a percentage of the Trust’s net assets applicable to common shares plus APS and TOB Floating Rate Notes. TOB leverage represents the amount of Floating Rate Notes outstanding at 11/30/08 as a percentage of the Trust’s net assets applicable to common shares plus APS and Floating Rate Notes. Floating Rate Notes in both calculations reflect the effect of TOBs purchased in secondary market transactions.


¹		Returns are historical and are calculated by determining the percentage change in share price or net asset value (as applicable) with all distributions reinvested. The Trust’s performance at market share price will differ from its results at NAV. Although share price performance generally reflects investment results over time, during shorter periods, returns at share price can also be affected by factors such as changing perceptions about the Trust, market conditions, fluctuations in supply and demand for the Trust’s shares, or changes in Trust distributions. Performance results reflect the effects of APS outstanding and TOB investments, which are forms of investment leverage. Use of leverage creates an opportunity for increased income but, at the same time, creates special risks (including the likelihood of greater volatility of net asset value and market price of common shares). ²The Trust’s market yield is calculated by dividing the last dividend paid per common share of the fiscal year by the share price at the end of the fiscal year and annualizing the result. ³Taxable-equivalent figure assumes a maximum 40.83% combined federal and state income tax rate. A lower tax rate would result in a lower tax-equivalent figure. ⁴Formerly called Lehman Brothers Municipal Bond Index and Lehman Brothers Municipal Bond Long 22+ Index, respectively. It is not possible to invest directly in an Index. The Indices’ total returns do not reflect the expenses that would have been incurred if an investor individually purchased or sold the securities represented in the Indices. Index performance is available as of month end only. ⁵The Lipper Averages are the average annual total returns, at net asset value, of the funds that are in the same Lipper Classification as the Trust. It is not possible to invest in a Lipper Classification. Lipper Classifications may include insured and uninsured funds, as well as leveraged and unleveraged funds. The Lipper New Jersey Municipal Debt Funds Classification (closed-end) contained 10, 10 and 6 funds for the 1-year, 5-year and Life-of-Trust time periods, respectively. Lipper Averages are available as of month end only. ⁶Rating Distribution is determined by dividing the total market value of the issues by the total investments of the Trust. Although the investment adviser considers ratings when making investment decisions, it performs its own credit and investment analysis and does not rely primarily on the ratings assigned by the rating services. Credit quality can change from time to time, and recently issued credit ratings may not fully reflect the actual risks posed by a particular security or the issuer’s current financial condition. ⁷ Trust holdings information excludes securities held by special purpose vehicles in which the Trust holds a residual interest. See Note 1H to the Trust’s financial statements.

Eaton Vance New York Municipal Income Trust as of November 30, 2008

PERFORMANCE INFORMATION AND PORTFOLIO COMPOSITION


Trust Performance¹
NYSE Alternext U.S. Symbol	EVY

Average Annual Total Returns (by share price)

One Year		-40.71	%
Five Years		-7.40
Life of Trust (1/29/99)		-0.59

Average Annual Total Returns (by net asset value)

One Year		-35.07	%
Five Years		-4.65
Life of Trust (1/29/99)		1.12

Premium/(Discount) to NAV		-15.51	%

Market Yields

Market Yield²		9.42	%
Taxable-Equivalent Market Yield³		15.56

Index Performance⁴Average Annual Total Returns


Barclays Capital Municipal Bond Index			Barclays Capital Municipal Bond Long 22+ Index

One Year	-3.61	%		-15.21	%
Five Years	2.58			0.94
Life of Trust (1/31/99)	4.05			3.26

Lipper Averages⁵Average Annual Total Returns


Lipper New York Municipal Debt Funds Classification (by net asset value)

One Year	-19.18	%
Five Years	-0.29
Life of Trust (1/31/99)	2.78

Portfolio Manager: Craig R. Brandon, CFA

Rating Distribution*⁶

By total investments


*		The rating distribution presented above includes the ratings of securities held by special purpose vehicles in which the Trust holds a residual interest. See Note 1H to the Trust’s financial statements. Absent such securities, the Trust’s rating distribution at November 30, 2008, is as follows, and the average rating is A+:


AAA	21.8	%	BB	3.5	%
AA	36.1	%	B	2.2	%
A	12.6	%	Not Rated	6.4	%
BBB	17.4	%

Trust Statistics⁷


•Number of Issues:		80
•Average Maturity:	24.5		years
•Average Effective Maturity:	22.7		years
•Average Call Protection:	9.3		years
•Average Dollar Price:	$	85.23
•APS Leverage:**		32.8	%
•TOB Leverage:**		18.2	%


**		APS leverage represents the liquidation value of the Trust’s Auction Preferred Shares (APS) outstanding at 11/30/08 as a percentage of the Trust’s net assets applicable to common shares plus APS and TOB Floating Rate Notes. TOB leverage represents the amount of Floating Rate Notes outstanding at 11/30/08 as a percentage of the Trust’s net assets applicable to common shares plus APS and Floating Rate Notes. Floating Rate Notes in both calculations reflect the effect of TOBs purchased in secondary market transactions.


¹		Returns are historical and are calculated by determining the percentage change in share price or net asset value (as applicable) with all distributions reinvested. The Trust’s performance at market share price will differ from its results at NAV. Although share price performance generally reflects investment results over time, during shorter periods, returns at share price can also be affected by factors such as changing perceptions about the Trust, market conditions, fluctuations in supply and demand for the Trust’s shares, or changes in Trust distributions. Performance results reflect the effects of APS outstanding and TOB investments, which are forms of investment leverage. Use of leverage creates an opportunity for increased income but, at the same time, creates special risks (including the likelihood of greater volatility of net asset value and market price of common shares). ²The Trust’s market yield is calculated by dividing the last dividend paid per common share of the fiscal year by the share price at the end of the fiscal year and annualizing the result. ³Taxable-equivalent figure assumes a maximum 39.45% combined federal and state income tax rate. A lower tax rate would result in a lower tax-equivalent figure. ⁴Formerly called Lehman Brothers Municipal Bond Index and Lehman Brothers Municipal Bond Long 22+ Index, respectively. It is not possible to invest directly in an Index. The Indices’ total returns do not reflect the expenses that would have been incurred if an investor individually purchased or sold the securities represented in the Indices. Index performance is available as of month end only. ⁵The Lipper Averages are the average annual total returns, at net asset value, of the funds that are in the same Lipper Classification as the Trust. It is not possible to invest in a Lipper Classification. Lipper Classifications may include insured and uninsured funds, as well as leveraged and unleveraged funds. The Lipper New York Municipal Debt Funds Classification (closed-end) contained 16, 16 and 6 funds for the 1-year, 5-year and Life-of-Trust time periods, respectively. Lipper Averages are available as of month end only. ⁶Rating Distribution is determined by dividing the total market value of the issues by the total investments of the Trust. Although the investment adviser considers ratings when making investment decisions, it performs its own credit and investment analysis and does not rely primarily on the ratings assigned by the rating services. Credit quality can change from time to time, and recently issued credit ratings may not fully reflect the actual risks posed by a particular security or the issuer’s current financial condition. ⁷Trust holdings information excludes securities held by special purpose vehicles in which the Trust holds a residual interest. See Note 1H to the Trust’s financial statements.

Eaton Vance Ohio Municipal Income Trust as of November 30, 2008

PERFORMANCE INFORMATION AND PORTFOLIO COMPOSITION


Trust Performance¹
NYSE Alternext U.S. Symbol	EVO

Average Annual Total Returns (by share price)

One Year		-29.83	%
Five Years		-6.48
Life of Trust (1/29/99)		-0.01

Average Annual Total Returns (by net asset value)

One Year		-25.69	%
Five Years		-1.84
Life of Trust (1/29/99)		2.05

Premium/(Discount) to NAV		-18.18	%

Market Yields

Market Yield²		7.73	%
Taxable-Equivalent Market Yield³		12.73

Index Performance⁴Average Annual Total Returns


Barclays Capital Municipal Bond Index			Barclays Capital Municipal Bond Long 22+ Index

One Year	-3.61	%		-15.21	%
Five Years	2.58			0.94
Life of Trust (1/31/99)	4.05			3.26

Lipper Averages⁵Average Annual Total Returns


Lipper Other States Municipal Debt Funds Classification (by net asset value)

One Year	-14.38	%
Five Years	0.64
Life of Trust (1/31/99)	2.99

Portfolio Manager: William H. Ahern, Jr., CFA

Rating Distribution*⁶

By total investments


*		The rating distribution presented above includes the ratings of securities held by special purpose vehicles in which the Trust holds a residual interest. See Note 1H to the Trust’s financial statements. Absent such securities, the Trust’s rating distribution at November 30, 2008, is as follows, and the average rating is AA-:


AAA	32.3	%	BBB	7.5	%
AA	36.7	%	B	1.7	%
A	14.4	%	Not Rated	7.4	%

Trust Statistics⁷


•Number of Issues:		76
•Average Maturity:	22.2		years
•Average Effective Maturity:	19.6		years
•Average Call Protection:	7.1		years
•Average Dollar Price:	$	84.60
•APS Leverage:**		40.4	%
•TOB Leverage:**		7.5	%


**		APS leverage represents the liquidation value of the Trust’s Auction Preferred Shares (APS) outstanding at 11/30/08 as a percentage of the Trust’s net assets applicable to common shares plus APS and TOB Floating Rate Notes. TOB leverage represents the amount of Floating Rate Notes outstanding at 11/30/08 as a percentage of the Trust’s net assets applicable to common shares plus APS and Floating Rate Notes. Floating Rate Notes in both calculations reflect the effect of TOBs purchased in secondary market transactions.


¹		Returns are historical and are calculated by determining the percentage change in share price or net asset value (as applicable) with all distributions reinvested. The Trust’s performance at market share price will differ from its results at NAV. Although share price performance generally reflects investment results over time, during shorter periods, returns at share price can also be affected by factors such as changing perceptions about the Trust, market conditions, fluctuations in supply and demand for the Trust’s shares, or changes in Trust distributions. Performance results reflect the effects of APS outstanding and TOB investments, which are forms of investment leverage. Use of leverage creates an opportunity for increased income but, at the same time, creates special risks (including the likelihood of greater volatility of net asset value and market price of common shares). ²The Trust’s market yield is calculated by dividing the last dividend paid per common share of the fiscal year by the share price at the end of the fiscal year and annualizing the result. ³Taxable-equivalent figure assumes a maximum 39.26% combined federal and state income tax rate. A lower tax rate would result in a lower tax-equivalent figure. ⁴Formerly called Lehman Brothers Municipal Bond Index and Lehman Brothers Municipal Bond Long 22+ Index, respectively. It is not possible to invest directly in an Index. The Indices’ total returns do not reflect the expenses that would have been incurred if an investor individually purchased or sold the securities represented in the Indices. Index performance is available as of month end only. ⁵The Lipper Averages are the average annual total returns, at net asset value, of the funds that are in the same Lipper Classification as the Trust. It is not possible to invest in a Lipper Classification. Lipper Classifications may include insured and uninsured funds, as well as leveraged and unleveraged funds. The Lipper Other States Municipal Debt Funds Classification (closed-end) contained 43, 43 and 20 funds for the 1-year, 5-year and Life-of-Trust time periods, respectively. Lipper Averages are available as of month end only. ⁶Rating Distribution is determined by dividing the total market value of the issues by the total investments of the Trust. Although the investment adviser considers ratings when making investment decisions, it performs its own credit and investment analysis and does not rely primarily on the ratings assigned by the rating services. Credit quality can change from time to time, and recently issued credit ratings may not fully reflect the actual risks posed by a particular security or the issuer’s current financial condition. ⁷Trust holdings information excludes securities held by special purpose vehicles in which the Trust holds a residual interest. See Note 1H to the Trust’s financial statements.

Eaton Vance Pennsylvania Municipal Income Trust as of November 30, 2008

PERFORMANCE INFORMATION AND PORTFOLIO COMPOSITION


Trust Performance¹
NYSE Alternext U.S. Symbol	EVP

Average Annual Total Returns (by share price)

One Year		-20.75	%
Five Years		-4.45
Life of Trust (1/29/99)		1.24

Average Annual Total Returns (by net asset value)

One Year		-26.57	%
Five Years		-2.10
Life of Trust (1/29/99)		1.99

Premium/(Discount) to NAV		-6.98	%

Market Yields

Market Yield²		7.14	%
Taxable-Equivalent Market Yield³		11.33

Index Performance⁴Average Annual Total Returns


Barclays Capital Municipal Bond Index			Barclays Capital Municipal Bond Long 22+ Index

One Year	-3.61	%		-15.21	%
Five Years	2.58			0.94
Life of Trust (1/31/99)	4.05			3.26

Lipper Averages⁵Average Annual Total Returns


Lipper Pennsylvania Municipal Debt Funds Classification (by net asset value)

One Year	-18.22	%
Five Years	-0.73
Life of Trust (1/31/99)	2.39

Portfolio Manager: Adam A. Weigold, CFA

Rating Distribution*⁶

By total investments


*		The rating distribution presented above includes the ratings of securities held by special purpose vehicles in which the Trust holds a residual interest. See Note 1H to the Trust’s financial statements. Absent such securities, the Trust’s rating distribution at November 30, 2008, is as follows, and the average rating is A+:


AAA	25.9	%	BB	2.3	%
AA	30.3	%	CCC	1.3	%
A	24.8	%	Not Rated	8.0	%
BBB	7.4	%

Trust Statistics⁷


•Number of Issues:		75
•Average Maturity:	21.5		years
•Average Effective Maturity:	18.9		years
•Average Call Protection:	6.4		years
•Average Dollar Price:	$	86.16
•APS Leverage:**		39.2	%
•TOB Leverage:**		11.4	%


**		APS leverage represents the liquidation value of the Trust’s Auction Preferred Shares (APS) outstanding at 11/30/08 as a percentage of the Trust’s net assets applicable to common shares plus APS and TOB Floating Rate Notes. TOB leverage represents the amount of Floating Rate Notes outstanding at 11/30/08 as a percentage of the Trust’s net assets applicable to common shares plus APS and Floating Rate Notes. Floating Rate Notes in both calculations reflect the effect of TOBs purchased in secondary market transactions.


¹		Returns are historical and are calculated by determining the percentage change in share price or net asset value (as applicable) with all distributions reinvested. The Trust’s performance at market share price will differ from its results at NAV. Although share price performance generally reflects investment results over time, during shorter periods, returns at share price can also be affected by factors such as changing perceptions about the Trust, market conditions, fluctuations in supply and demand for the Trust’s shares, or changes in Trust distributions. Performance results reflect the effects of APS outstanding and TOB investments, which are forms of investment leverage. Use of leverage creates an opportunity for increased income but, at the same time, creates special risks (including the likelihood of greater volatility of net asset value and market price of common shares). ²The Trust’s market yield is calculated by dividing the last dividend paid per common share of the fiscal year by the share price at the end of the fiscal year and annualizing the result. ³Taxable-equivalent figure assumes a maximum 37.00% combined federal and state income tax rate. A lower tax rate would result in a lower tax-equivalent figure. ⁴Formerly called Lehman Brothers Municipal Bond Index and Lehman Brothers Municipal Bond Long 22+ Index, respectively. It is not possible to invest directly in an Index. The Indices’ total returns do not reflect the expenses that would have been incurred if an investor individually purchased or sold the securities represented in the Indices. Index performance is available as of month end only. ⁵The Lipper Averages are the average annual total returns, at net asset value, of the funds that are in the same Lipper Classification as the Trust. It is not possible to invest in a Lipper Classification. Lipper Classifications may include insured and uninsured funds, as well as leveraged and unleveraged funds. The Lipper Pennsylvania Municipal Debt Funds Classification (closed-end) contained 7, 7 and 4 funds for the 1-year, 5-year and Life-of-Trust time periods, respectively. Lipper Averages are available as of month end only. ⁶Rating Distribution is determined by dividing the total market value of the issues by the total investments of the Trust. Although the investment adviser considers ratings when making investment decisions, it performs its own credit and investment analysis and does not rely primarily on the ratings assigned by the rating services. Credit quality can change from time to time, and recently issued credit ratings may not fully reflect the actual risks posed by a particular security or the issuer’s current financial condition. ⁷ Trust holdings information excludes securities held by special purpose vehicles in which the Trust holds a residual interest. See Note 1H to the Trust’s financial statements.

Eaton Vance California Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS


Tax-Exempt Investments — 186.0%
Principal Amount
(000’s omitted)		Security	Value



Education — 13.7%

$	2,770	California Educational Facilities Authority, (Lutheran University), 5.00%, 10/1/29	$	1,980,495
	500	California Educational Facilities Authority, (Pepperdine University), 5.00%, 11/1/29		470,310
	1,350	California Educational Facilities Authority, (Santa Clara University), 5.00%, 9/1/23		1,273,009
	4,000	California Educational Facilities Authority, (Stanford University), 5.125%, 1/1/31⁽¹⁾		3,873,920
	2,500	San Diego County, Certificates of Participation, (University of San Diego), 5.375%, 10/1/41		2,151,475


			$	9,749,209



Electric Utilities — 2.4%

$	2,275	Chula Vista, (San Diego Gas), (AMT), 5.00%, 12/1/27	$	1,719,695


			$	1,719,695



General Obligations — 7.6%

$	1,610	California, (AMT), 5.05%, 12/1/36	$	1,246,478
	4,770	San Francisco Bay Area Rapid Transit District, (Election of 2004), 4.75%, 8/1/37⁽²⁾		4,157,604


			$	5,404,082



Health Care-Miscellaneous — 0.3%

$	300	Puerto Rico Infrastructure Financing Authority, (Mepsi Campus Project), 6.50%, 10/1/37	$	221,175


			$	221,175



Hospital — 30.6%

$	1,000	California Health Facilities Financing Authority, (Catholic Healthcare West), 5.625%, 7/1/32	$	832,740
	2,435	California Health Facilities Financing Authority, (Cedars-Sinai Medical Center), 5.00%, 11/15/34		1,895,380
	1,500	California Health Facilities Financing Authority, (Providence Health System), 6.50%, 10/1/38		1,500,915
	870	California Health Facilities Financing Authority, (Sutter Health), Variable Rate, 1.49%, 11/15/46^(3)(4)(5)		205,111
	750	California Infrastructure and Economic Development Bank, (Kaiser Hospital), 5.50%, 8/1/31		641,858
	3,900	California Statewide Communities Development Authority, (Huntington Memorial Hospital), 5.00%, 7/1/35		2,958,579
	1,750	California Statewide Communities Development Authority, (John Muir Health), 5.00%, 8/15/36		1,349,390
	1,650	California Statewide Communities Development Authority, (Kaiser Permanente), 5.50%, 11/1/32		1,437,529
	1,750	California Statewide Communities Development Authority, (Sonoma County Indian Health), 6.40%, 9/1/29		1,492,015
	1,500	California Statewide Communities Development Authority, (Sutter Health), 5.50%, 8/15/28		1,375,725
	1,500	Duarte, (Hope National Medical Center), 5.25%, 4/1/24		1,308,315
	410	Tahoe Forest Hospital District, 5.85%, 7/1/22		357,823
	2,000	Torrance Hospital, (Torrance Memorial Medical Center), 5.50%, 6/1/31		1,695,400
	1,250	Turlock, (Emanuel Medical Center, Inc.), 5.375%, 10/15/34		919,813
	2,000	Washington Health Care Facilities Authority, (Providence Health Care), 5.25%, 7/1/29		1,644,660
	2,780	Washington Township Health Care District, 5.00%, 7/1/32		2,127,812


			$	21,743,065



Housing — 3.0%

$	1,750	California Housing Finance Agency, (AMT), 4.75%, 8/1/42	$	1,188,408
	729	Commerce, (Hermitage III Senior Apartments), 6.50%, 12/1/29		597,201
	423	Commerce, (Hermitage III Senior Apartments), 6.85%, 12/1/29		341,949


			$	2,127,558



Industrial Development Revenue — 2.6%

$	800	California Pollution Control Financing Authority, (Browning-Ferris Industries, Inc.), (AMT), 6.875%, 11/1/27	$	630,968
	2,000	California Statewide Communities Development Authority, (Anheuser-Busch Cos., Inc.), (AMT), 4.80%, 9/1/46		1,237,540


			$	1,868,508



Insured-Education — 8.8%

$	400	California Educational Facilities Authority, (Pepperdine University), (AMBAC), 5.00%, 12/1/35	$	354,616
	3,270	California Educational Facilities Authority, (Pooled College and University), (MBIA), 5.10%, 4/1/23		3,195,019
	3,000	California State University, (AMBAC), 5.00%, 11/1/33		2,692,860


			$	6,242,495

See notes to financial statements

Eaton Vance California Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS CONT’D


Principal Amount
(000’s omitted)		Security	Value



Insured-Electric Utilities — 11.0%

$	2,500	California Pollution Control Financing Authority, (Pacific Gas and Electric), (MBIA), (AMT), 5.35%, 12/1/16	$	2,373,025
	3,250	California Pollution Control Financing Authority, (Southern California Edison Co.), (MBIA), (AMT), 5.55%, 9/1/31		2,600,097
	3,510	Los Angeles Department of Water and Power, (FSA), 4.625%, 7/1/37		2,849,734


			$	7,822,856



Insured-Escrowed/Prerefunded — 5.9%

$	5,130	Foothill/Eastern Transportation Corridor Agency, (FSA), (RADIAN), Escrowed to Maturity, 0.00%, 1/1/26	$	2,060,054
	1,995	Puerto Rico Electric Power Authority, (FSA), Prerefunded to 7/1/10, 5.25%, 7/1/29⁽²⁾		2,125,307


			$	4,185,361



Insured-General Obligations — 11.0%

$	7,000	Coast Community College District, (Election of 2002), (FSA), 0.00%, 8/1/34	$	1,339,660
	4,825	Coast Community College District, (Election of 2002), (FSA), 0.00%, 8/1/35⁽⁶⁾		861,986
	2,500	Puerto Rico, (FSA), Variable Rate, 12.711%, 7/1/27⁽³⁾⁽⁴⁾		2,681,125
	7,995	Sweetwater Union High School District, (Election 2000), (FSA), 0.00%, 8/1/25		2,925,930


			$	7,808,701



Insured-Hospital — 20.2%

$	3,100	California Health Facilities Financing Authority, (Kaiser Permanente), (BHAC), 5.00%, 4/1/37	$	2,772,547
	3,200	California Statewide Communities Development Authority, (Children’s Hospital Los Angeles), (MBIA), 5.25%, 8/15/29		2,738,144
	750	California Statewide Communities Development Authority, (Kaiser Permanente), (BHAC), 5.00%, 3/1/41⁽²⁾		653,085
	5,000	California Statewide Communities Development Authority, (Sutter Health), (AMBAC), (BHAC), 5.00%, 11/15/38⁽²⁾		4,473,750
	3,735	California Statewide Communities Development Authority, (Sutter Health), (FSA), 5.75%, 8/15/27⁽²⁾		3,743,092


			$	14,380,618



Insured-Lease Revenue/Certificates of Participation — 10.1%

$	6,500	Anaheim Public Financing Authority, Lease Revenue, (Public Improvements), (FSA), 0.00%, 9/1/17	$	4,117,945
	3,500	San Diego County Water Authority, (FSA), 5.00%, 5/1/38⁽²⁾		3,044,983


			$	7,162,928



Insured-Other Revenue — 2.2%

$	1,855	Golden State Tobacco Securitization Corp., (AGC), (FGIC), 5.00%, 6/1/38	$	1,566,177


			$	1,566,177



Insured-Special Tax Revenue — 4.7%

$	24,800	Puerto Rico Sales Tax Financing, (AMBAC), 0.00%, 8/1/54	$	860,312
	4,225	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/44		335,296
	8,380	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/45		617,438
	5,270	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/46		359,572
	480	Sacramento Area Flood Control Agency, (BHAC), 5.50%, 10/1/28		486,149
	690	Sacramento Area Flood Control Agency, (BHAC), 5.625%, 10/1/37		691,235


			$	3,350,002



Insured-Transportation — 8.2%

$	5,000	Alameda Corridor Transportation Authority, (AMBAC), 0.00%, 10/1/29	$	1,315,550
	8,000	Alameda Corridor Transportation Authority, (MBIA), 0.00%, 10/1/31		1,827,360
	740	Puerto Rico Highway and Transportation Authority, (AGC), (CIFG), 5.25%, 7/1/41⁽²⁾		646,719
	10,000	San Joaquin Hills Transportation Corridor Agency, (MBIA), 0.00%, 1/15/32		2,014,100


			$	5,803,729



Insured-Water and Sewer — 6.9%

$	4,400	Los Angeles Department of Water and Power, (MBIA), 3.00%, 7/1/30	$	2,813,712
	2,710	San Francisco City and County Public Utilities Commission, (FSA), 4.25%, 11/1/33⁽⁶⁾		2,054,261


			$	4,867,973

See notes to financial statements

Eaton Vance California Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS CONT’D


Principal Amount
(000’s omitted)		Security	Value


Lease Revenue/Certificates of Participation — 5.9%

$	4,000	Sacramento City Financing Authority, 5.40%, 11/1/20	$	4,168,920


			$	4,168,920



Other Revenue — 2.4%

$	385	California Infrastructure and Economic Development Bank, (Performing Arts Center of Los Angeles), 5.00%, 12/1/32	$	340,359
	580	California Infrastructure and Economic Development Bank, (Performing Arts Center of Los Angeles), 5.00%, 12/1/37		501,439
	1,420	Golden State Tobacco Securitization Corp., 5.75%, 6/1/47		895,282


			$	1,737,080



Senior Living/Life Care — 0.8%

$	175	California Statewide Communities Development Authority, (Senior Living - Presbyterian Homes), 4.75%, 11/15/26	$	126,487
	700	California Statewide Communities Development Authority, (Senior Living - Presbyterian Homes), 4.875%, 11/15/36		462,931


			$	589,418



Special Tax Revenue — 19.7%

$	1,000	Bonita Canyon Public Financing Authority, 5.375%, 9/1/28	$	713,970
	285	Brentwood Infrastructure Financing Authority, 5.00%, 9/2/26		195,655
	460	Brentwood Infrastructure Financing Authority, 5.00%, 9/2/34		291,543
	1,000	Corona Public Financing Authority, 5.80%, 9/1/20		844,660
	200	Eastern California Municipal Water District, Special Tax Revenue, District No. 2004-27 Cottonwood, 5.00%, 9/1/27		139,874
	500	Eastern California Municipal Water District, Special Tax Revenue, District No. 2004-27 Cottonwood, 5.00%, 9/1/36		313,195
	1,590	Fontana Redevelopment Agency, (Jurupa Hills), 5.60%, 10/1/27		1,487,191
	900	Lincoln Public Financing Authority, Improvement Bond Act of 1915, (Twelve Bridges), 6.20%, 9/2/25		747,765
	420	Moreno Valley Unified School District, (Community School District No. 2003-2), 5.75%, 9/1/24		333,430
	750	Moreno Valley Unified School District, (Community School District No. 2003-2), 5.90%, 9/1/29		569,805
	2,430	Oakland Joint Powers Financing Authority, 5.40%, 9/2/18		2,482,342
	995	Oakland Joint Powers Financing Authority, 5.50%, 9/2/24		985,607
	1,325	San Pablo Redevelopment Agency, 5.65%, 12/1/23		1,304,992
	1,095	Santa Margarita Water District, 6.20%, 9/1/20		964,410
	250	Santaluz Community Facilities District No. 2, 6.10%, 9/1/21		214,648
	500	Santaluz Community Facilities District No. 2, 6.20%, 9/1/30		399,405
	250	Temecula Unified School District, 5.00%, 9/1/27		174,843
	400	Temecula Unified School District, 5.00%, 9/1/37		248,960
	500	Turlock Public Financing Authority, 5.45%, 9/1/24		413,960
	500	Tustin Community Facilities District, 6.00%, 9/1/37		365,250
	1,000	Whittier Public Financing Authority, (Greenleaf Avenue Redevelopment), 5.50%, 11/1/23		818,630


			$	14,010,135



Transportation — 5.5%

$	2,000	Bay Area Toll Authority, Toll Bridge Revenue, (San Francisco Bay Area), 5.00%, 4/1/31	$	1,852,760
	1,500	Los Angeles Department of Airports, (Los Angeles International Airport), 5.375%, 5/15/30		1,205,130
	1,170	Port of Redwood City, (AMT), 5.125%, 6/1/30		854,311


			$	3,912,201



Water and Sewer — 2.5%

$	1,840	California Department of Water Resources, 5.00%, 12/1/29	$	1,748,184


			$	1,748,184



Total Tax-Exempt Investments — 186.0%
(identified cost $155,084,405)			$	132,190,070



Auction Preferred Shares Plus Cumulative Unpaid Dividends — (70.3)%			$	(49,978,954	)



Other Assets, Less Liabilities — (15.7)%			$	(11,146,313	)



Net Assets Applicable to Common Shares — 100.0%			$	71,064,803

AGC - Assured Guaranty Corp.

AMBAC - AMBAC Financial Group, Inc.

AMT - Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax.

BHAC - Berkshire Hathaway Assurance Corp.

CIFG - CIFG Assurance North America, Inc.

FGIC - Financial Guaranty Insurance Company

FSA - Financial Security Assurance, Inc.

MBIA - Municipal Bond Insurance Association

See notes to financial statements

Eaton Vance California Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS CONT’D

RADIAN - Radian Group, Inc.

The Trust invests primarily in debt securities issued by California municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. In order to reduce the risk associated with such economic developments, at November 30, 2008, 47.8% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution ranged from 0.5% to 21.0% of total investments.


(1)		Security (or a portion thereof) has been segregated to cover margin requirements on open financial futures contracts.

(2)		Security represents the underlying municipal bond of a tender option bond trust (see Note 1H).

(3)		Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At November 30, 2008, the aggregate value of these securities is $2,886,236 or 4.1% of the Trust’s net assets applicable to common shares.

(4)		Security has been issued as a leveraged inverse floater bond. The stated interest rate represents the rate in effect at November 30, 2008.

(5)		Security is subject to a shortfall agreement which may require the Trust to pay amounts to a counterparty in the event of a significant decline in the market value of the security underlying the inverse floater. In case of a shortfall, the maximum potential amount of payments the Trust could ultimately be required to make under the agreement is $2,610,000. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the inverse floater.

(6)		Security (or a portion thereof) has been pledged as collateral for open swap contracts.

See notes to financial statements

Eaton Vance Massachusetts Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS


Tax-Exempt Investments — 179.6%
Principal Amount
(000’s omitted)		Security	Value



Education — 33.4%

$	2,440	Massachusetts Development Finance Agency, (Boston University), 5.45%, 5/15/59	$	2,149,591
	600	Massachusetts Development Finance Agency, (Middlesex School), 5.00%, 9/1/33		528,696
	1,000	Massachusetts Development Finance Agency, (New England Conservatory of Music), 5.25%, 7/1/38		732,040
	1,500	Massachusetts Development Finance Agency, (Wheeler School), 6.50%, 12/1/29		1,330,320
	1,000	Massachusetts Development Finance Agency, (Xaverian Brothers High School), 5.65%, 7/1/29		799,890
	1,500	Massachusetts Health and Educational Facilities Authority, (Berklee College of Music), 5.00%, 10/1/32		1,275,615
	1,500	Massachusetts Health and Educational Facilities Authority, (Harvard University), 5.00%, 10/1/38⁽¹⁾		1,435,013
	1,000	Massachusetts Health and Educational Facilities Authority, (Tufts University), 5.375%, 8/15/38⁽⁵⁾		976,000


			$	9,227,165



Electric Utilities — 9.8%

$	1,000	Massachusetts Development Finance Agency, (Devens Electric System), 6.00%, 12/1/30	$	959,370
	1,870	Massachusetts Development Finance Agency, (Dominion Energy Brayton Point), (AMT), 5.00%, 2/1/36		1,273,881
	570	Puerto Rico Electric Power Authority, 5.00%, 7/1/25		463,450


			$	2,696,701



Escrowed/Prerefunded — 8.2%

$	400	Massachusetts Development Finance Agency, (Western New England College), Prerefunded to 12/1/12, 6.125%, 12/1/32	$	457,460
	235	Massachusetts Health and Educational Facilities Authority, (Healthcare System-Covenant Health), Prerefunded to 1/1/12, 6.00%, 7/1/31		262,652
	960	Massachusetts Health and Educational Facilities Authority, (Winchester Hospital), Prerefunded to 7/1/10, 6.75%, 7/1/30		1,033,325
	1,000	Rail Connections, Inc., (Route 128 Parking), (ACA), Prerefunded to 7/1/09, 0.00%, 7/1/20		498,820


			$	2,252,257



General Obligations — 4.8%

$	1,250	City of Boston, 5.00%, 1/1/11⁽⁵⁾	$	1,320,613


			$	1,320,613


Health Care-Miscellaneous — 3.5%

$	510	Massachusetts Development Finance Agency, (MCHSP Human Services), 6.60%, 8/15/29	$	373,198
	700	Massachusetts Health and Educational Facilities Authority, (Learning Center for Deaf Children), 6.125%, 7/1/29		524,069
	100	Puerto Rico Infrastructure Financing Authority, (Mepsi Campus Project), 6.50%, 10/1/37		73,725


			$	970,992



Hospital — 27.4%

$	1,000	Massachusetts Development Finance Agency, (Biomedical Research Corp.), 6.25%, 8/1/20	$	1,009,510
	1,000	Massachusetts Health and Educational Facilities Authority, (Baystate Medical Center), 5.75%, 7/1/33		868,390
	400	Massachusetts Health and Educational Facilities Authority, (Berkshire Health System), 6.25%, 10/1/31		348,228
	1,370	Massachusetts Health and Educational Facilities Authority, (Beth Israel Deaconess Medical Center, Inc.), 5.125%, 7/1/38		927,572
	105	Massachusetts Health and Educational Facilities Authority, (Central New England Health Systems), 6.30%, 8/1/18		104,741
	1,575	Massachusetts Health and Educational Facilities Authority, (Dana-Farber Cancer Institute), 5.00%, 12/1/37		1,259,748
	865	Massachusetts Health and Educational Facilities Authority, (Healthcare System-Covenant Health), 6.00%, 7/1/31		790,740
	2,000	Massachusetts Health and Educational Facilities Authority, (Partners Healthcare System), 5.00%, 7/1/32⁽¹⁾		1,696,920
	675	Massachusetts Health and Educational Facilities Authority, (South Shore Hospital), 5.75%, 7/1/29		540,371


			$	7,546,220



Housing — 15.0%

$	2,100	Massachusetts Housing Finance Agency, (AMT), 4.75%, 12/1/48	$	1,394,694
	1,000	Massachusetts Housing Finance Agency, (AMT), 4.85%, 6/1/40		698,880
	650	Massachusetts Housing Finance Agency, (AMT), 5.00%, 12/1/28		523,685
	2,000	Massachusetts Housing Finance Agency, (AMT), 5.10%, 12/1/37		1,526,900


			$	4,144,159

See notes to financial statements

Eaton Vance Massachusetts Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS CONT’D


Principal Amount
(000’s omitted)		Security	Value



Industrial Development Revenue — 2.5%

$	695	Massachusetts Industrial Finance Agency, (American Hingham Water Co.), (AMT), 6.60%, 12/1/15	$	695,619


			$	695,619



Insured-Education — 13.5%

$	1,000	Massachusetts College Building Authority, (XLCA), 5.50%, 5/1/39	$	954,570
	1,365	Massachusetts Development Finance Agency, (College of the Holy Cross), (AMBAC), 5.25%, 9/1/32⁽¹⁾		1,330,556
	1,600	Massachusetts Development Finance Agency, (Franklin W. Olin College), (XLCA), 5.25%, 7/1/33		1,440,960


			$	3,726,086



Insured-General Obligations — 13.5%

$	1,000	Massachusetts, (AMBAC), 5.50%, 8/1/30	$	1,025,510
	2,255	Milford, (FSA), 4.25%, 12/15/46		1,729,111
	900	Puerto Rico, (FSA), Variable Rate, 12.711%, 7/1/27⁽²⁾⁽³⁾		965,205


			$	3,719,826



Insured-Other Revenue — 4.2%

$	1,225	Massachusetts Development Finance Agency, (WGBH Educational Foundation), (AMBAC), 5.75%, 1/1/42	$	1,157,625


			$	1,157,625



Insured-Special Tax Revenue — 7.9%

$	1,450	Martha’s Vineyard Land Bank, (AMBAC), 5.00%, 5/1/32	$	1,399,511
	8,945	Puerto Rico Sales Tax Financing, (AMBAC), 0.00%, 8/1/54		310,302
	1,520	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/44		120,627
	3,015	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/45		222,146
	1,905	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/46		129,978


			$	2,182,564



Insured-Student Loan — 7.1%

$	600	Massachusetts Educational Financing Authority, (AGC), (AMT), 6.35%, 1/1/30⁽⁵⁾	$	573,486
	1,985	Massachusetts Educational Financing Authority, (AMBAC), (AMT), 4.70%, 1/1/33		1,385,887


			$	1,959,373



Insured-Transportation — 6.6%

$	800	Massachusetts Port Authority, (Bosfuel Project), (FGIC), (MBIA), (AMT), 5.00%, 7/1/32	$	575,744
	1,820	Massachusetts Port Authority, (Bosfuel Project), (FGIC), (MBIA), (AMT), 5.00%, 7/1/38		1,246,008


			$	1,821,752



Nursing Home — 3.4%

$	500	Boston Industrial Development Authority, (Alzheimer’s Center), (FHA), 6.00%, 2/1/37	$	462,325
	580	Massachusetts Health and Educational Facilities Authority, (Christopher House), 6.875%, 1/1/29		475,780


			$	938,105



Senior Living/Life Care — 8.0%

$	250	Massachusetts Development Finance Agency, (Berkshire Retirement), 5.15%, 7/1/31	$	168,198
	1,500	Massachusetts Development Finance Agency, (Berkshire Retirement), 5.625%, 7/1/29		1,120,650
	140	Massachusetts Development Finance Agency, (First Mortgage VOA Concord), 5.125%, 11/1/27		93,990
	425	Massachusetts Development Finance Agency, (First Mortgage VOA Concord), 5.20%, 11/1/41		255,327
	910	Massachusetts Development Finance Agency, (Linden Ponds, Inc.), 5.75%, 11/15/42		561,006


			$	2,199,171



Special Tax Revenue — 5.0%

$	1,665	Massachusetts Bay Transportation Authority, Sales Tax Revenue, 0.00%, 7/1/31	$	389,227
	5,195	Massachusetts Bay Transportation Authority, Sales Tax Revenue, 0.00%, 7/1/34		986,998


			$	1,376,225




Water and Sewer — 5.8%

$	215	Massachusetts Water Pollution Abatement Trust, 5.375%, 8/1/27	$	215,888
	2,000	Massachusetts Water Resources Authority, 4.00%, 8/1/46		1,384,000


			$	1,599,888



Total Tax-Exempt Investments — 179.6%
(identified cost $59,628,794)			$	49,534,341

See notes to financial statements

Eaton Vance Massachusetts Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS CONT’D


Short-Term Investments — 6.4%
Principal Amount
(000’s omitted)		Description	Value


$	1,750	Massachusetts Health and Educational Facilities Authority, (Capital Assets Program), (MBIA), (SPA: State Street Bank and Trust Co.), Variable Rate, 12.00%, 1/1/35⁽⁴⁾	$	1,750,000



Total Short-Term Investments — 6.4%
(identified cost $1,750,000)			$	1,750,000



Total Investments — 186.0%
(identified cost $61,378,794)			$	51,284,341



Auction Preferred Shares Plus Cumulative Unpaid Dividends — (72.7)%			$	(20,055,300	)



Other Assets, Less Liabilities — (13.3)%			$	(3,653,081	)



Net Assets Applicable to Common Shares — 100.0%			$	27,575,960

ACA - ACA Financial Guaranty Corporation

AGC - Assured Guaranty Corp.

AMBAC - AMBAC Financial Group, Inc.

AMT - Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax.

FGIC - Financial Guaranty Insurance Company

FHA - Federal Housing Administration

FSA - Financial Security Assurance, Inc.

MBIA - Municipal Bond Insurance Association

SPA - Standby Bond Purchase Agreement

XLCA - XL Capital Assurance, Inc.

The Trust invests primarily in debt securities issued by Massachusetts municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. In order to reduce the risk associated with such economic developments, at November 30, 2008, 31.8% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution ranged from 1.1% to 12.9% of total investments.


(1)		Security represents the underlying municipal bond of a tender option bond trust (see Note 1H).

(2)		Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At November 30, 2008, the aggregate value of these securities is $965,205 or 3.5% of the Trust’s net assets applicable to common shares.

(3)		Security has been issued as a leveraged inverse floater bond. The stated interest rate represents the rate in effect at November 30, 2008.

(4)		Variable rate demand obligation. The stated interest rate represents the rate in effect at November 30, 2008.
(5)		Security (or a portion thereof) has been pledged as collateral for open swap contracts.

See notes to financial statements

Eaton Vance Michigan Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS


Tax-Exempt Investments — 180.5%
Principal Amount
(000’s omitted)		Security	Value



Education — 7.9%

$	1,250	Michigan Higher Education Facilities Authority, (Creative Studies), 5.90%, 12/1/27	$	1,383,525
	540	Michigan Higher Education Facilities Authority, (Hillsdale College), 5.00%, 3/1/35		437,697


			$	1,821,222



Electric Utilities — 3.9%

$	580	Michigan Strategic Fund, (Detroit Edison Pollution Control), 5.45%, 9/1/29	$	533,333
	435	Puerto Rico Electric Power Authority, 5.00%, 7/1/25		353,686


			$	887,019



Escrowed/Prerefunded — 21.1%

$	500	Kent Hospital Finance Authority, (Spectrum Health), Prerefunded to 7/15/11, 5.50%, 1/15/31	$	545,040
	560	Macomb County Hospital Finance Authority, (Mount Clemens General Hospital), Prerefunded to 11/15/13, 5.875%, 11/15/34		637,056
	750	Michigan Hospital Finance Authority, (Ascension Health Care), Prerefunded to 11/15/09, 6.125%, 11/15/26		792,892
	750	Michigan Hospital Finance Authority, (Sparrow Obligation Group), Prerefunded to 11/15/11, 5.625%, 11/15/36		830,220
	875	Puerto Rico Electric Power Authority, Prerefunded to 7/1/12, 5.25%, 7/1/31		973,945
	1,000	White Cloud Public Schools, Prerefunded to 5/1/11, 5.125%, 5/1/31		1,071,020


			$	4,850,173



General Obligations — 8.6%

$	500	East Grand Rapids Public School District, 5.00%, 5/1/25	$	496,660
	750	Manistee Area Public Schools, 5.00%, 5/1/24		739,665
	345	Puerto Rico Public Buildings Authority, (Commonwealth Guaranteed), 5.25%, 7/1/29		276,135
	500	Wayne Charter County, 5.70%, 8/1/38		455,540


			$	1,968,000



Health Care-Miscellaneous — 0.3%

$	100	Puerto Rico Infrastructure Financing Authority, (Mepsi Campus Project), 6.50%, 10/1/37	$	73,725


			$	73,725




Hospital — 30.6%

$	500	Allegan Hospital Finance Authority, (Allegan General Hospital), 7.00%, 11/15/21	$	468,290
	185	Gaylord Hospital Finance Authority, (Otsego Memorial Hospital Association), 6.20%, 1/1/25		140,961
	125	Gaylord Hospital Finance Authority, (Otsego Memorial Hospital Association), 6.50%, 1/1/37		92,845
	275	Kent Hospital Finance Authority, (Spectrum Health), 5.50%, 1/15/47		278,129
	500	Mecosta County, (Michigan General Hospital), 6.00%, 5/15/18		420,815
	1,000	Michigan Hospital Finance Authority, (Central Michigan Community Hospital), 6.25%, 10/1/27		859,130
	750	Michigan Hospital Finance Authority, (Henry Ford Health System), 5.00%, 11/15/38		506,355
	1,000	Michigan Hospital Finance Authority, (Henry Ford Health System), 5.25%, 11/15/46		689,540
	1,080	Michigan Hospital Finance Authority, (McLaren Healthcare), 5.00%, 8/1/35		832,270
	750	Michigan Hospital Finance Authority, (Memorial Healthcare Center), 5.875%, 11/15/21		686,302
	1,000	Michigan Hospital Finance Authority, (Trinity Health), 6.00%, 12/1/27		978,390
	425	Monroe County Hospital Finance Authority, (Mercy Memorial Hospital Corp.), 5.375%, 6/1/26		284,746
	800	Saginaw Hospital Finance Authority, (Covenant Medical Center), 6.50%, 7/1/30		798,560


			$	7,036,333



Housing — 6.6%

$	1,065	Michigan Housing Development Authority, (AMT), 5.20%, 6/1/39	$	821,445
	1,000	Michigan Housing Development Authority, (Williams Pavilion), (AMT), 4.90%, 4/20/48		687,110


			$	1,508,555



Industrial Development Revenue — 6.6%

$	1,000	Detroit Local Development Finance Authority, (Chrysler Corp.), 5.375%, 5/1/21	$	572,660
	800	Dickinson County Electronic Development Corp., (International Paper Co.), 5.75%, 6/1/16		689,480
	625	Puerto Rico Port Authority, (American Airlines, Inc.), (AMT), 6.25%, 6/1/26		251,562


			$	1,513,702



Insured-Electric Utilities — 8.7%

$	1,000	Michigan Strategic Fund, (Detroit Edison Co.), (MBIA), (AMT), 5.55%, 9/1/29	$	824,890
	500	Michigan Strategic Fund, (Detroit Edison Co.), (XLCA), 5.25%, 12/15/32		404,060

See notes to financial statements

Eaton Vance Michigan Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS CONT’D


Principal Amount
(000’s omitted)		Security	Value


Insured-Electric Utilities (continued)


	220	Puerto Rico Electric Power Authority, (FGIC), (MBIA), 5.25%, 7/1/30		179,113
	750	Puerto Rico Electric Power Authority, (FGIC), (MBIA), 5.25%, 7/1/34		590,235


			$	1,998,298



Insured-Escrowed/Prerefunded — 18.5%

$	1,000	Central Montcalm Public Schools, (MBIA), Prerefunded to 5/1/09, 6.00%, 5/1/29	$	1,021,050
	1,000	Detroit Sewer Disposal, (FGIC), Prerefunded to 7/1/11, 5.125%, 7/1/31		1,075,240
	2,000	Novi Building Authority, (FSA), Prerefunded to 10/1/10, 5.50%, 10/1/25		2,153,320


			$	4,249,610



Insured-General Obligations — 15.1%

$	650	Detroit City School District, (FGIC), 4.75%, 5/1/28	$	567,626
	750	Detroit City School District, (FSA), 5.25%, 5/1/32		735,112
	200	Eaton Rapids Public Schools, (MBIA), 4.75%, 5/1/25		188,236
	100	Lincoln Consolidated School District, (FSA), 5.00%, 5/1/10		104,093
	700	Puerto Rico, (FSA), Variable Rate, 12.711%, 7/1/27⁽¹⁾⁽²⁾		750,715
	1,250	Van Dyke Public Schools, (FSA), 5.00%, 5/1/38		1,132,387


			$	3,478,169



Insured-Hospital — 7.2%

$	1,000	Royal Oak Hospital Finance Authority, (William Beaumont Hospital), (MBIA), 5.25%, 11/15/35	$	766,940
	1,000	Saginaw Hospital Finance Authority, (Covenant Medical Center), (MBIA), 5.50%, 7/1/24		885,370


			$	1,652,310



Insured-Lease Revenue/Certificates of Participation — 5.1%

$	4,300	Michigan Building Authority, (FGIC), 0.00%, 10/15/30	$	920,587
	1,000	Michigan Building Authority, (FGIC), (FSA), 0.00%, 10/15/29		248,020


			$	1,168,607



Insured-Special Tax Revenue — 11.4%

$	5,160	Puerto Rico Sales Tax Financing, (AMBAC), 0.00%, 8/1/54	$	179,000
	1,225	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/44		97,216
	2,430	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/45		179,043
	1,470	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/46		100,298
	2,250	Wayne Charter County, (Airport Hotel-Detroit Metropolitan Airport), (MBIA), 5.00%, 12/1/30		2,056,500


			$	2,612,057



Insured-Student Loan — 6.0%

$	1,000	Michigan Higher Education Student Loan Authority, (AMBAC), (AMT), 5.00%, 3/1/31	$	639,520
	1,000	Michigan Higher Education Student Loan Authority, (AMBAC), (AMT), 5.50%, 6/1/25		735,290


			$	1,374,810



Insured-Transportation — 6.7%

$	1,000	Wayne Charter County Airport, (AGC), (AMT), 5.375%, 12/1/32	$	797,220
	1,000	Wayne Charter County Airport, (MBIA), (AMT), 5.00%, 12/1/28		749,340


			$	1,546,560



Insured-Water and Sewer — 6.2%

$	1,650	Detroit Water Supply System, (FGIC), 5.00%, 7/1/30	$	1,437,233


			$	1,437,233



Lease Revenue/Certificates of Participation — 1.0%

$	250	Puerto Rico, (Guaynabo Municipal Government Center Lease), 5.625%, 7/1/22	$	239,565


			$	239,565



Other Revenue — 1.4%

$	500	Michigan Tobacco Settlement Finance Authority, 6.00%, 6/1/48	$	317,110


			$	317,110



Transportation — 6.4%

$	1,500	Kent County Airport Facility, 5.00%, 1/1/25⁽³⁾	$	1,464,315


			$	1,464,315

See notes to financial statements

Eaton Vance Michigan Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS CONT’D


Principal Amount
(000’s omitted)		Security	Value




Water and Sewer — 1.2%

$	250	Michigan Municipal Bond Authority, (Clean Water Revenue), 5.25%, 10/1/11⁽⁴⁾	$	268,665


			$	268,665



Total Tax-Exempt Investments — 180.5%
(identified cost $47,060,298)			$	41,466,038



Auction Preferred Shares Plus Cumulative Unpaid Dividends — (76.2)%			$	(17,502,294	)



Other Assets, Less Liabilities — (4.3)%			$	(986,563	)



Net Assets Applicable to Common Shares — 100.0%			$	22,977,181

AGC - Assured Guaranty Corp.

AMBAC - AMBAC Financial Group, Inc.

AMT - Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax.

FGIC - Financial Guaranty Insurance Company

FSA - Financial Security Assurance, Inc.

MBIA - Municipal Bond Insurance Association

XLCA - XL Capital Assurance, Inc.

The Trust invests primarily in debt securities issued by Michigan municipalities. In addition, 10.2% of the Trust’s total investments at November 30, 2008 were invested in municipal obligations issued by Puerto Rico. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. In order to reduce the risk associated with such economic developments, at November 30, 2008, 47.1% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution ranged from 1.0% to 18.4% of total investments.


(1)		Security has been issued as a leveraged inverse floater bond. The stated interest rate represents the rate in effect at November 30, 2008.

(2)		Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At November 30, 2008, the aggregate value of these securities is $750,715 or 3.3% of the Trust’s net assets applicable to common shares.

(3)		Security represents the underlying municipal bond of a tender option bond trust (see Note 1H).

(4)		Security (or a portion thereof) has been segregated to cover margin requirements on open financial futures contracts.

See notes to financial statements

Eaton Vance National Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS


Tax-Exempt Investments — 215.3%
Principal Amount
(000’s omitted)		Security	Value



Education — 12.3%

$	1,000	Massachusetts Development Finance Agency, (Boston University), 6.00%, 5/15/59	$	960,290
	500	Massachusetts Development Finance Agency, (New England Conservatory of Music), 5.25%, 7/1/38		366,020
	10	Massachusetts Health and Educational Facilities Authority, (Harvard University), 5.00%, 10/1/38		9,567
	2,490	Massachusetts Health and Educational Facilities Authority, (Harvard University), 5.00%, 10/1/38⁽¹⁾		2,382,117
	740	New York Dormitory Authority, (Rochester Institute of Technology), 6.00%, 7/1/33		727,812
	190	Rhode Island Health and Educational Building Corp., (University of Rhode Island), 6.25%, 9/15/34		182,468


			$	4,628,274



Electric Utilities — 3.0%

$	1,565	Brazos River Authority, TX, (Texas Energy Co.), (AMT), 8.25%, 5/1/33	$	1,124,906


			$	1,124,906



Escrowed/Prerefunded — 1.4%

$	500	Stoneybrook West, FL, Community Development District, Prerefunded to 5/1/10, 7.00%, 5/1/32	$	536,505


			$	536,505



Health Care-Miscellaneous — 0.7%

$	140	Osceola County, FL, Industrial Development Authority, Community Provider Pooled Loan, 7.75%, 7/1/17	$	131,625
	200	Puerto Rico Infrastructure Financing Authority, (Mepsi Campus Project), 6.50%, 10/1/37		147,450


			$	279,075



Hospital — 21.0%

$	350	Camden County, NJ, Improvement Authority, (Cooper Health System), 5.00%, 2/15/35	$	232,855
	695	Idaho Health Facilities Authority, (Trinity Health Credit Group), 6.25%, 12/1/33		679,960
	375	Massachusetts Health and Educational Facilities Authority, (Caregroup, Inc.), 5.00%, 7/1/28		269,389
	560	Massachusetts Health and Educational Facilities Authority, (Caregroup, Inc.), 5.125%, 7/1/33		389,989
	2,000	Michigan Hospital Finance Authority, (Henry Ford Health System), 5.25%, 11/15/32		1,468,520
	2,500	New York Dormitory Authority, (Memorial Sloan Kettering Cancer Center), 5.00%, 7/1/36⁽¹⁾		2,261,225
	315	New York Dormitory Authority, (Orange Regional Medical Center), 6.125%, 12/1/29		243,177
	635	New York Dormitory Authority, (Orange Regional Medical Center), 6.25%, 12/1/37		472,599
	1,000	Virginia Small Business Financing Authority, (Wellmort Health), 5.25%, 9/1/37		703,550
	1,400	West Orange, FL, Health Care District, 5.80%, 2/1/31		1,134,602


			$	7,855,866



Housing — 14.4%

$	330	California Housing Finance Agency, (AMT), 4.75%, 8/1/42	$	224,100
	2,000	Delaware Housing Authority, (Senior Single Family Mortgage Revenue), (AMT), 5.30%, 1/1/49		1,525,840
	505	Escambia County, FL, Housing Finance Authority, Single Family Mortgage Revenue, (Multi-County Program), (AMT), 5.50%, 10/1/31		425,260
	1,000	Georgia Housing and Finance Authority, (AMT), 5.25%, 12/1/37		781,930
	710	Massachusetts Housing Finance Agency, (AMT), 5.30%, 12/1/37		559,544
	1,030	New Mexico Mortgage Finance Authority, (Santa Fe Senior Housing LLC), (FNMA), (AMT), 4.70%, 8/1/45		713,759
	1,500	Virginia Housing Development Authority, (AMT), 5.10%, 10/1/35		1,161,405


			$	5,391,838



Industrial Development Revenue — 25.9%

$	1,000	Brazos River, TX, Harbor Navigation District, (Dow Chemical Co.), (AMT), 5.95%, 5/15/33	$	735,480
	702	Broward County, FL, (Lynxs Cargoport), (AMT), 6.75%, 6/1/19		588,787
	1,000	Butler County, AL, Industrial Development Authority, (International Paper Co.), (AMT), 7.00%, 9/1/32		760,010
	750	California Pollution Control Financing Authority, (Browning-Ferris Industries, Inc.), (AMT), 6.875%, 11/1/27		591,532
	1,060	Capital Trust Agency, FL, (Fort Lauderdale Project), (AMT), 5.75%, 1/1/32		764,228
	1,055	Denver, CO, City and County Special Facilities, (United Airlines), (AMT), 5.25%, 10/1/32		549,159
	875	Denver, CO, City and County Special Facilities, (United Airlines), (AMT), 5.75%, 10/1/32		453,688
	1,000	Gulf Coast Waste Disposal Authority, TX, (Valero Energy Corp.), 5.60%, 4/1/32		626,040
	1,000	Houston, TX, Airport System, (Continental Airlines), (AMT), 6.75%, 7/1/29		623,030
	705	Liberty Development Corp., NY, (Goldman Sachs Group, Inc.), 5.25%, 10/1/35		512,239

See notes to financial statements

Eaton Vance National Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS CONT’D


Principal Amount
(000’s omitted)		Security	Value


Industrial Development Revenue (continued)


	1,350	Liberty Development Corp., NY, (Goldman Sachs Group, Inc.), 5.25%, 10/1/35⁽¹⁾		980,948
	1,000	New Morgan, PA, Industrial Development Authority, (Browning-Ferris Industries, Inc.), (AMT), 6.50%, 4/1/19		812,070
	280	Phoenix, AZ, Industrial Development Authority, (America West Airlines, Inc.), (AMT), 6.25%, 6/1/19		191,190
	650	Puerto Rico Port Authority, (American Airlines, Inc.), (AMT), 6.30%, 6/1/23		258,648
	1,970	St. John Baptist Parish, LA, (Marathon Oil Corp.), 5.125%, 6/1/37		1,259,795


			$	9,706,844



Insured-Education — 1.2%

$	530	University of Vermont and State Agricultural College, (MBIA), 5.00%, 10/1/40	$	460,851


			$	460,851



Insured-Electric Utilities — 3.5%

$	1,600	Burke County, GA, Development Authority, (Georgia Power Co.), (MBIA), (AMT), 5.45%, 5/1/34	$	1,316,192


			$	1,316,192



Insured-General Obligations — 4.3%

$	1,500	Puerto Rico, (FSA), Variable Rate, 12.711%, 7/1/27⁽²⁾⁽³⁾	$	1,608,675


			$	1,608,675



Insured-Hospital — 25.4%

$	2,500	Illinois Finance Authority, (Rush University Medical Center), (MBIA), 5.25%, 11/1/35	$	1,917,550
	3,250	Indiana Health and Educational Facility Finance Authority, (Sisters of St. Francis Health Services), (FSA), 5.25%, 5/15/41⁽¹⁾		2,874,008
	2,000	Maricopa County, AZ, Industrial Development Authority, (Catholic Healthcare West), (BHAC), 5.25%, 7/1/32		1,861,880
	1,000	Maricopa County, AZ, Industrial Development Authority, (Mayo Clinic Hospital), (AMBAC), 5.25%, 11/15/37		839,520
	2,500	Maryland Health and Higher Educational Facilities Authority, (Lifebridge Health), (AGC), 4.75%, 7/1/47⁽¹⁾		2,025,675


			$	9,518,633



Insured-Housing — 2.5%

$	1,100	Broward County, FL, Housing Finance Authority, Multi-Family Housing, (Venice Homes Apartments), (FSA), (AMT), 5.70%, 1/1/32⁽⁶⁾	$	923,054


			$	923,054




Insured-Lease Revenue/Certificates of Participation — 9.7%

$	1,155	Newberry, SC, (Newberry County School District), (AGC), 5.00%, 12/1/30	$	1,013,616
	3,000	San Diego County, CA, Water Authority, (FSA), 5.00%, 5/1/38⁽¹⁾		2,609,985


			$	3,623,601



Insured-Other Revenue — 1.1%

$	425	Kentucky Economic Development Finance Authority, (Louisville Arena Project), (AGC), 6.00%, 12/1/33	$	410,083


			$	410,083



Insured-Special Tax Revenue — 8.4%

$	170	Baton Rouge, LA, Public Improvement, (FSA), 4.25%, 8/1/32	$	133,338
	3,040	Miami-Dade County, FL, Special Obligation, (MBIA), 0.00%, 10/1/35		473,358
	5,000	Miami-Dade County, FL, Special Obligation, (MBIA), 0.00%, 10/1/38		628,800
	5,610	Miami-Dade County, FL, Special Obligation, (MBIA), 0.00%, 10/1/40		614,575
	14,850	Puerto Rico Sales Tax Financing, (AMBAC), 0.00%, 8/1/54		515,147
	2,535	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/44		201,178
	5,030	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/45		370,610
	3,165	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/46		215,948


			$	3,152,954



Insured-Student Loan — 2.5%

$	1,000	Massachusetts Educational Financing Authority, (AGC), (AMT), 6.35%, 1/1/30	$	955,810


			$	955,810



Insured-Transportation — 16.2%

$	670	Chicago, IL, (O’Hare International Airport), (FSA), 4.50%, 1/1/38⁽⁶⁾	$	527,940
	240	Dallas-Fort Worth, TX, International Airport, (MBIA), (AMT), 6.10%, 11/1/24		218,863

See notes to financial statements

Eaton Vance National Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS CONT’D


Principal Amount
(000’s omitted)		Security	Value


Insured-Transportation (continued)


	95	Dallas-Fort Worth, TX, International Airport, (MBIA), (AMT), 6.25%, 11/1/28		85,800
	2,100	Maryland Transportation Authority, (FSA), 5.00%, 7/1/41⁽¹⁾		1,950,585
	3,770	Miami-Dade County, FL, Aviation Revenue, (Miami International Airport), (AGC), (CIFG), (AMT), 5.00%, 10/1/38⁽⁴⁾		2,762,656
	560	New Jersey Transportation Trust Fund Authority, (AGC), 5.50%, 12/15/38		533,159


			$	6,079,003



Insured-Water and Sewer — 24.2%

$	3,750	Austin, TX, Water and Wastewater System, (FSA), 5.00%, 11/15/33⁽¹⁾	$	3,511,557
	1,000	Emerald Coast, FL, Utility Authority Revenue, (FGIC), 4.75%, 1/1/31		802,620
	3,250	Fernley, NV, Water and Sewer, (AGC), 5.00%, 2/1/38⁽¹⁾		2,928,136
	640	Miami Beach, FL, Storm Water, (FGIC), 5.375%, 9/1/30		570,336
	280	Pearland, TX, Waterworks and Sewer Systems, (FSA), 4.50%, 9/1/34		226,937
	1,150	Tampa Bay, FL, Water Utility System, (FGIC), 4.75%, 10/1/27		1,032,079


			$	9,071,665



Lease Revenue/Certificates of Participation — 1.7%

$	650	Mohave County, AZ, Industrial Development Authority, (Mohave Prison LLC), 8.00%, 5/1/25	$	627,101


			$	627,101



Nursing Home — 2.2%

$	265	Orange County, FL, Health Facilities Authority, (Westminster Community Care), 6.60%, 4/1/24	$	221,233
	735	Orange County, FL, Health Facilities Authority, (Westminster Community Care), 6.75%, 4/1/34		588,867


			$	810,100



Other Revenue — 10.5%

$	16,500	Buckeye Tobacco Settlement Financing Authority, OH, 0.00%, 6/1/47	$	364,485
	1,000	Michigan Tobacco Settlement Finance Authority, 6.00%, 6/1/48		634,220
	1,000	Salt Verde, AZ, Financial Corporation, Senior Gas Revenue, 5.00%, 12/1/37		637,700
	1,230	Tobacco Settlement Financing Corp., VA, 5.00%, 6/1/47		660,104
	1,500	Tobacco Settlement Management Authority, SC, Escrowed to Maturity, 6.375%, 5/15/30		1,623,060


			$	3,919,569



Special Tax Revenue — 17.7%

$	85	Covington Park, FL, Community Development District, (Capital Improvements), 5.00%, 5/1/21	$	78,290
	500	Covington Park, FL, Community Development District, (Capital Improvements), 5.00%, 5/1/31		416,450
	230	Dupree Lakes, FL, Community Development District, 5.00%, 11/1/10		214,907
	205	Dupree Lakes, FL, Community Development District, 5.00%, 5/1/12		181,132
	355	Dupree Lakes, FL, Community Development District, 5.375%, 5/1/37		217,043
	310	Heritage Harbor South, FL, Community Development District, (Capital Improvements), 6.20%, 5/1/35		240,014
	230	Heritage Springs, FL, Community Development District, 5.25%, 5/1/26		171,513
	340	New River, FL, Community Development District, (Capital Improvements), 5.00%, 5/1/13		212,568
	140	New River, FL, Community Development District, (Capital Improvements), 5.35%, 5/1/38		75,261
	340	North Springs, FL, Improvement District, (Heron Bay), 5.20%, 5/1/27		213,387
	595	North Springs, FL, Improvement District, (Heron Bay), 7.00%, 5/1/19		572,658
	985	River Hall, FL, Community Development District, (Capital Improvements), 5.45%, 5/1/36		587,011
	475	Southern Hills Plantation, FL, Community Development District, 5.80%, 5/1/35		321,699
	600	Sterling Hill, FL, Community Development District, 6.20%, 5/1/35		446,916
	840	Tisons Landing, FL, Community Development District, 5.625%, 5/1/37		401,100
	740	University Square, FL, Community Development District, 6.75%, 5/1/20		691,138
	685	Waterlefe, FL, Community Development District, 6.95%, 5/1/31		596,176
	175	West Palm Beach, FL, Community Redevelopment Agency, (Northwood Pleasant Community), 5.00%, 3/1/29		124,590
	1,270	West Palm Beach, FL, Community Redevelopment Agency, (Northwood Pleasant Community), 5.00%, 3/1/35		856,869


			$	6,618,722

See notes to financial statements

Eaton Vance National Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS CONT’D


Principal Amount
(000’s omitted)		Security	Value




Transportation — 5.5%

$	1,000	Los Angeles Department of Airports, CA, (Los Angeles International Airport), (AMT), 5.375%, 5/15/33	$	788,070
	1,515	North Texas Tollway Authority Revenue, 5.75%, 1/1/38		1,264,661


			$	2,052,731



Total Tax-Exempt Investments — 215.3%
(identified cost $100,159,732)			$	80,672,052


Short-Term Investments — 3.2%
Principal Amount
(000’s omitted)		Description	Value


$	1,200	Massachusetts Health and Educational Facilities Authority, (Capital Assets Program), (MBIA), (SPA: State Street Bank and Trust Co.), Variable Rate, 12.00%, 1/1/35⁽⁵⁾	$	1,200,000



Total Short-Term Investments — 3.2%
(identified cost $1,200,000)			$	1,200,000



Total Investments — 218.5%
(identified cost $101,359,732)			$	81,872,052



Auction Preferred Shares Plus Cumulative Unpaid Dividends — (53.8)%			$	(20,152,642	)



Other Assets, Less Liabilities — (64.7)%			$	(24,247,254	)



Net Assets Applicable to Common Shares — 100.0%			$	37,472,156

AGC - Assured Guaranty Corp.

AMBAC - AMBAC Financial Group, Inc.

AMT - Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax.

BHAC - Berkshire Hathaway Assurance Corp.

CIFG - CIFG Assurance North America, Inc.

FGIC - Financial Guaranty Insurance Company

FNMA - Federal National Mortgage Association

FSA - Financial Security Assurance, Inc.

SPA - Standby Bond Purchase Agreement

MBIA - Municipal Bond Insurance Association

At November 30, 2008, the concentration of the Trust’s investments in the various states, determined as a percentage of total investments, is as follows:


Florida	23.0	%
Texas	10.3	%
Others, representing less than 10% individually	66.7	%

The Trust invests primarily in debt securities issued by municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. In order to reduce the risk associated with such economic developments, at November 30, 2008, 46.8% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution ranged from 1.7% to 17.5% of total investments.


(1)		Security represents the underlying municipal bond of a tender option bond trust (see Note 1H).

(2)		Security has been issued as a leveraged inverse floater bond. The stated interest rate represents the rate in effect at November 30, 2008.

(3)		Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At November 30, 2008, the aggregate value of these securities is $1,608,675 or 4.3% of the Trust’s net assets applicable to common shares.

(4)		Security (or a portion thereof) has been segregated to cover margin requirements on open financial futures contracts.

(5)		Variable rate demand obligation. The stated interest rate represents the rate in effect at November 30, 2008.

(6)		Security (or a portion thereof) has been pledged as collateral for open swap contracts.

See notes to financial statements

Eaton Vance New Jersey Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS


Tax-Exempt Investments — 200.0%
Principal Amount
(000’s omitted)		Security	Value



Education — 8.3%

$	250	New Jersey Educational Facilities Authority, (Georgian Court University), 5.00%, 7/1/27	$	210,930
	250	New Jersey Educational Facilities Authority, (Georgian Court University), 5.00%, 7/1/33		198,970
	220	New Jersey Educational Facilities Authority, (Georgian Court University), 5.25%, 7/1/37		176,900
	3,500	New Jersey Educational Facilities Authority, (Princeton University), 4.50%, 7/1/38⁽¹⁾		3,014,116


			$	3,600,916



Electric Utilities — 5.1%

$	1,500	Puerto Rico Electric Power Authority, 5.00%, 7/1/37	$	1,099,380
	1,500	Salem County Pollution Control Financing, (Public Service Enterprise Group, Inc.), (AMT), 5.75%, 4/1/31		1,110,855


			$	2,210,235



General Obligations — 5.5%

$	1,295	Gloucester County Improvement Authority, (Landfill Project), 4.50%, 3/1/30	$	1,119,152
	1,595	Puerto Rico Public Buildings Authority, (Commonwealth Guaranteed), 5.25%, 7/1/29		1,276,622


			$	2,395,774



Health Care-Miscellaneous — 0.5%

$	300	Puerto Rico Infrastructure Financing Authority, (Mepsi Campus Project), 6.50%, 10/1/37	$	221,175


			$	221,175



Hospital — 37.1%

$	100	Camden County Improvement Authority, (Cooper Health System), 5.00%, 2/15/25	$	74,659
	90	Camden County Improvement Authority, (Cooper Health System), 5.00%, 2/15/35		59,877
	100	Camden County Improvement Authority, (Cooper Health System), 5.25%, 2/15/27		75,527
	2,750	Camden County Improvement Authority, (Cooper Health System), 5.75%, 2/15/34		2,196,507
	2,060	New Jersey Health Care Facilities Financing Authority, (AHS Hospital Corp.), 5.00%, 7/1/27		1,700,221
	235	New Jersey Health Care Facilities Financing Authority, (Atlantic City Medical Center), 5.75%, 7/1/25		218,714
	3,515	New Jersey Health Care Facilities Financing Authority, (Atlanticare Regional Medical Center), 5.00%, 7/1/37		2,631,926
	2,140	New Jersey Health Care Facilities Financing Authority, (Capital Health System), 5.25%, 7/1/27		1,667,424
	1,765	New Jersey Health Care Facilities Financing Authority, (Capital Health System), 5.375%, 7/1/33		1,322,056
	2,000	New Jersey Health Care Facilities Financing Authority, (Hackensack University Medical Center), 6.00%, 1/1/34		1,844,520
	1,750	New Jersey Health Care Facilities Financing Authority, (Robert Wood Johnson University Hospital), 5.75%, 7/1/31		1,587,880
	710	New Jersey Health Care Facilities Financing Authority, (South Jersey Hospital), 5.00%, 7/1/26		582,186
	2,930	New Jersey Health Care Facilities Financing Authority, (South Jersey Hospital), 5.00%, 7/1/46		2,153,902


			$	16,115,399



Housing — 9.0%

$	715	New Jersey Housing and Mortgage Finance Agency, (Single Family Housing), (AMT), 4.70%, 10/1/37	$	494,408
	4,490	New Jersey Housing and Mortgage Finance Agency, (Single Family Housing), (AMT), 5.00%, 10/1/37		3,396,461


			$	3,890,869



Industrial Development Revenue — 14.9%

$	1,000	Gloucester County Improvements Authority, (Waste Management, Inc.), (AMT), 7.00%, 12/1/29	$	1,003,010
	1,500	Middlesex County Pollution Control Authority, (Amerada Hess), 6.05%, 9/15/34		1,178,445
	3,220	New Jersey Economic Development Authority, (Anheuser-Busch Cos., Inc.), (AMT), 4.95%, 3/1/47		2,060,832
	750	New Jersey Economic Development Authority, (Continental Airlines), (AMT), 6.25%, 9/15/29		384,803
	750	New Jersey Economic Development Authority, (Continental Airlines), (AMT), 9.00%, 6/1/33		552,217
	2,080	Virgin Islands Public Financing Authority, (HOVENSA LLC), (AMT), 4.70%, 7/1/22		1,313,957


			$	6,493,264



Insured-Education — 7.1%

$	3,365	New Jersey Educational Facilities Authority, (College of New Jersey), (FSA), 5.00%, 7/1/35⁽¹⁾	$	3,100,444


			$	3,100,444



Insured-Electric Utilities — 4.8%

$	1,250	Puerto Rico Electric Power Authority, (FGIC), (MBIA), 5.25%, 7/1/35	$	977,612

See notes to financial statements

Eaton Vance New Jersey Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS CONT’D


Principal Amount
(000’s omitted)		Security	Value


Insured-Electric Utilities (continued)


	1,250	Vineland, (Electric Utility), (MBIA), (AMT), 5.25%, 5/15/26	$	1,102,500


			$	2,080,112



Insured-Gas Utilities — 9.7%

$	5,000	New Jersey Economic Development Authority, (New Jersey Natural Gas Co.), (FGIC), (MBIA), (AMT), 4.90%, 10/1/40	$	4,227,850


			$	4,227,850



Insured-General Obligations — 7.0%

$	1,500	Egg Harbor Township School District, (FSA), 3.50%, 4/1/28	$	1,076,865
	1,240	Lakewood Township, (AGC), 5.75%, 11/1/31⁽²⁾		1,280,647
	325	Nutley School District, (MBIA), 4.75%, 7/15/30		298,603
	410	Nutley School District, (MBIA), 4.75%, 7/15/32		371,739


			$	3,027,854



Insured-Hospital — 5.3%

$	750	New Jersey Health Care Facilities Financing Authority, (Hackensack University Medical Center), (AGC), 5.25%, 1/1/36⁽¹⁾	$	695,899
	1,305	New Jersey Health Care Facilities Financing Authority, (Meridian Health Center), Series II, (AGC), 5.00%, 7/1/38		1,175,048
	500	New Jersey Health Care Facilities Financing Authority, (Meridian Health Center), Series V, (AGC), 5.00%, 7/1/38⁽¹⁾		450,220


			$	2,321,167



Insured-Housing — 6.5%

$	3,390	New Jersey Housing and Mortgage Finance Agency, (Multi-Family Housing), (FSA), (AMT), 5.05%, 5/1/34	$	2,626,199
	205	New Jersey Housing and Mortgage Finance Agency, (Multi-Family Housing), (FSA), 5.75%, 5/1/25⁽²⁾		204,990


			$	2,831,189



Insured-Lease Revenue/Certificates of Participation — 2.0%

$	945	Newark Housing Authority, (Newark Marine Terminal), (MBIA), 5.00%, 1/1/32	$	848,308


			$	848,308



Insured-Special Tax Revenue — 24.3%

$	12,030	Garden Preservation Trust and Open Space and Farmland, (FSA), 0.00%, 11/1/24	$	4,892,601
	6,000	Garden Preservation Trust and Open Space and Farmland, (FSA), 0.00%, 11/1/25		2,279,760
	4,315	New Jersey Economic Development Authority, (Motor Vehicle Surcharges), (XLCA), 0.00%, 7/1/26		1,377,305
	2,020	New Jersey Economic Development Authority, (Motor Vehicle Surcharges), (XLCA), 0.00%, 7/1/27		593,254
	16,115	Puerto Rico Sales Tax Financing, (AMBAC), 0.00%, 8/1/54		559,029
	2,745	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/44		217,843
	5,445	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/45		401,187
	3,425	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/46		233,688


			$	10,554,667



Insured-Student Loan — 4.3%

$	2,000	New Jersey Higher Education Assistance Authority, (AGC), 6.125%, 6/1/30	$	1,851,760


			$	1,851,760



Insured-Transportation — 6.7%

$	5,570	New Jersey Transportation Trust Fund Authority, (Transportation System), (BHAC), (FGIC), 0.00%, 12/15/31	$	1,419,682
	1,500	New Jersey Turnpike Authority, (BHAC), (FSA), 5.25%, 1/1/29		1,483,410


			$	2,903,092



Insured-Water and Sewer — 5.6%

$	3,195	New Jersey Economic Development Authority, (United Water New Jersey, Inc.), (AMBAC), (AMT), 4.875%, 11/1/25	$	2,427,146


			$	2,427,146



Lease Revenue/Certificates of Participation — 7.8%

$	895	New Jersey Economic Development Authority, (School Facilities Construction), 5.00%, 9/1/33	$	829,101
	3,000	New Jersey Health Care Facilities Financing Authority, (Contract Hospital Asset Transportation Program), 5.25%, 10/1/38		2,544,690


			$	3,373,791

See notes to financial statements

Eaton Vance New Jersey Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS CONT’D


Principal Amount
(000’s omitted)		Security	Value



Nursing Home — 2.0%

$	1,000	New Jersey Economic Development Authority, (Masonic Charity Foundation), 5.50%, 6/1/31	$	890,700


			$	890,700



Other Revenue — 4.7%

$	7,200	Children’s Trust Fund, PR, Tobacco Settlement, 0.00%, 5/15/50	$	139,032
	13,280	Children’s Trust Fund, PR, Tobacco Settlement, 0.00%, 5/15/55		137,581
	4,270	Tobacco Settlement Financing Corp., 0.00%, 6/1/41		170,842
	2,925	Tobacco Settlement Financing Corp., 5.00%, 6/1/41		1,598,542


			$	2,045,997



Senior Living/Life Care — 6.8%

$	465	New Jersey Economic Development Authority, (Cranes Mill, Inc.), 5.875%, 7/1/28	$	372,870
	770	New Jersey Economic Development Authority, (Cranes Mill, Inc.), 6.00%, 7/1/38		591,075
	1,700	New Jersey Economic Development Authority, (Fellowship Village), 5.50%, 1/1/25		1,278,247
	1,175	New Jersey Economic Development Authority, (Seabrook Village), 5.25%, 11/15/36		730,368


			$	2,972,560



Special Tax Revenue — 1.6%

$	750	New Jersey Economic Development Authority, (Cigarette Tax), 5.50%, 6/15/31	$	517,313
	100	New Jersey Economic Development Authority, (Newark Downtown District Management Corp.), 5.125%, 6/15/27		75,798
	175	New Jersey Economic Development Authority, (Newark Downtown District Management Corp.), 5.125%, 6/15/37		121,210


			$	714,321



Transportation — 10.9%

$	2,000	New Jersey Transportation Trust Fund Authority, (Transportation System), 6.00%, 12/15/38	$	1,967,120
	1,995	Port Authority of New York and New Jersey, (AMT), 5.75%, 3/15/35⁽¹⁾		1,696,887
	5	Port Authority of New York and New Jersey, (AMT), 5.75%, 3/15/35		4,253
	1,175	South Jersey Port Authority, (Marine Terminal), 5.10%, 1/1/33		1,052,095


			$	4,720,355


Water and Sewer — 2.5%

$	1,000	New Jersey Environmental Infrastructure Trust, 5.00%, 9/1/16	$	1,093,270


			$	1,093,270



Total Tax-Exempt Investments — 200.0%
(identified cost $108,048,815)			$	86,912,215



Auction Preferred Shares Plus Cumulative Unpaid Dividends — (78.6)%			$	(34,152,936	)



Other Assets, Less Liabilities — (21.4)%			$	(9,299,921	)



Net Assets Applicable to Common Shares — 100.0%			$	43,459,358

AGC - Assured Guaranty Corp.

AMBAC - AMBAC Financial Group, Inc.

AMT - Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax.

BHAC - Berkshire Hathaway Assurance Corp.

FGIC - Financial Guaranty Insurance Company

FSA - Financial Security Assurance, Inc.

MBIA - Municipal Bond Insurance Association

XLCA - XL Capital Assurance, Inc.

The Trust invests primarily in debt securities issued by New Jersey municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. In order to reduce the risk associated with such economic developments, at November 30, 2008, 42.9% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution ranged from 2.3% to 18.0% of total investments.


(1)		Security represents the underlying municipal bond of a tender option bond trust (see Note 1H).

(2)		Security (or a portion thereof) has been pledged as collateral for open swap contracts.

See notes to financial statements

Eaton Vance New York Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS


Tax-Exempt Investments — 198.5%
Principal Amount
(000’s omitted)		Security	Value



Cogeneration — 1.7%

$	1,150	Suffolk County Industrial Development Agency, (Nissequogue Cogeneration Partners Facility), (AMT), 5.50%, 1/1/23	$	840,616


			$	840,616



Education — 6.3%

$	1,000	New York Dormitory Authority, (Columbia University), 5.00%, 7/1/38⁽¹⁾	$	953,950
	2,250	New York Dormitory Authority, (Rochester Institute of Technology), 6.00%, 7/1/33		2,212,942


			$	3,166,892



Electric Utilities — 6.1%

$	1,420	Long Island Power Authority, Electric System Revenue, 6.00%, 5/1/33	$	1,423,195
	2,100	Suffolk County Industrial Development Agency, (Keyspan-Port Jefferson), (AMT), 5.25%, 6/1/27		1,632,120


			$	3,055,315



Escrowed/Prerefunded — 0.4%

$	200	New York City Industrial Development Agency, (Ohel Children’s Home), Escrowed to Maturity, 6.25%, 8/15/22	$	209,400


			$	209,400



General Obligations — 14.1%

$	6,000	New York City, 5.25%, 9/15/33⁽²⁾	$	5,521,200
	1,000	New York City, 6.25%, 10/15/28		1,045,650
	680	Puerto Rico Public Buildings Authority, (Commonwealth Guaranteed), 5.25%, 7/1/29		544,265


			$	7,111,115



Health Care-Miscellaneous — 8.0%

$	1,115	New York City Industrial Development Agency, (A Very Special Place, Inc.), 5.75%, 1/1/29	$	776,609
	1,200	New York City Industrial Development Agency, (Ohel Children’s Home), 6.25%, 8/15/22		852,336
	200	Puerto Rico Infrastructure Financing Authority, (Mepsi Campus Project), 6.50%, 10/1/37		147,450
	50	Suffolk County Industrial Development Agency, (Alliance of LI), Series A, Class H, 7.50%, 9/1/15		47,375
	100	Suffolk County Industrial Development Agency, (Alliance of LI), Series A, Class I, 7.50%, 9/1/15		94,750
	2,600	Westchester County Industrial Development Agency, (Children’s Village), 5.375%, 3/15/19		2,113,644


			$	4,032,164



Hospital — 31.3%

$	190	Chautauqua County Industrial Development Agency, (Women’s Christian Association), 6.35%, 11/15/17	$	164,411
	485	Chautauqua County Industrial Development Agency, (Women’s Christian Association), 6.40%, 11/15/29		365,496
	1,250	Fulton County Industrial Development Agency, (Nathan Littauer Hospital), 6.00%, 11/1/18		1,020,287
	2,500	Monroe County Industrial Development Agency, (Highland Hospital), 5.00%, 8/1/25		1,863,225
	400	Nassau County Industrial Development Agency, (North Shore Health System), 6.25%, 11/1/21		400,132
	1,500	New York Dormitory Authority, (Lenox Hill Hospital), 5.50%, 7/1/30		1,061,040
	4,000	New York Dormitory Authority, (Memorial Sloan Kettering Cancer Center), 5.00%, 7/1/36⁽²⁾		3,617,960
	2,000	New York Dormitory Authority, (Methodist Hospital), 5.25%, 7/1/33		1,401,640
	845	New York Dormitory Authority, (North Shore Hospital), 5.00%, 11/1/34		608,408
	1,250	New York Dormitory Authority, (NYU Hospital Center), 5.625%, 7/1/37		896,912
	415	New York Dormitory Authority, (Orange Regional Medical Center), 6.125%, 12/1/29		320,376
	835	New York Dormitory Authority, (Orange Regional Medical Center), 6.25%, 12/1/37		621,449
	1,250	Oneida County Industrial Development Agency, (St. Elizabeth’s Medical Center), 5.75%, 12/1/19		987,612
	650	Saratoga County Industrial Development Agency, (Saratoga Hospital), 5.25%, 12/1/32		481,683
	2,105	Suffolk County Industrial Development Agency, (Huntington Hospital), 6.00%, 11/1/22		1,950,346


			$	15,760,977



Housing — 23.2%

$	1,500	New York City Housing Development Corp., (Multi-Family Housing), (AMT), 5.05%, 11/1/39	$	1,127,310
	2,620	New York City Housing Development Corp., (Multi-Family Housing), (AMT), 5.20%, 11/1/40		2,010,274
	3,555	New York City Housing Development Corp., (Multi-Family Housing), (FNMA), (AMT), 4.60%, 1/15/26		2,734,506
	3,125	New York Housing Finance Agency, (FNMA), (AMT), 5.40%, 11/15/42		2,463,031
	1,500	New York Mortgage Agency, (AMT), 4.875%, 10/1/30		1,140,345

See notes to financial statements

Eaton Vance New York Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS CONT’D


Principal Amount
(000’s omitted)		Security	Value


Housing (continued)


	2,000	New York Mortgage Agency, (AMT), 4.90%, 10/1/37		1,441,560
	1,000	New York Mortgage Agency, (AMT), 5.125%, 10/1/37		766,860


			$	11,683,886



Industrial Development Revenue — 16.7%

$	1,000	Essex County Industrial Development Agency, (International Paper Company), (AMT), 6.625%, 9/1/32	$	724,530
	625	Liberty Development Corp., (Goldman Sachs Group, Inc.), 5.25%, 10/1/35		454,112
	2,525	Liberty Development Corp., (Goldman Sachs Group, Inc.), 5.25%, 10/1/35⁽²⁾		1,834,736
	1,500	New York Industrial Development Agency, (American Airlines, Inc. — JFK International Airport), (AMT), 8.00%, 8/1/12		1,364,655
	1,000	Onondaga County Industrial Development Agency, (Anheuser-Busch Cos., Inc.), 4.875%, 7/1/41		813,080
	2,500	Onondaga County Industrial Development Agency, (Anheuser-Busch Cos., Inc.), (AMT), 6.25%, 12/1/34		2,123,425
	775	Onondaga County Industrial Development Agency, (Senior Air Cargo), (AMT), 6.125%, 1/1/32		598,354
	495	Port Authority of New York and New Jersey, (Continental Airlines), (AMT), 9.125%, 12/1/15		495,703


			$	8,408,595



Insured-Education — 7.3%

$	1,500	New York Dormitory Authority, (State University), (BHAC), 5.00%, 7/1/38	$	1,386,825
	1,250	New York Dormitory Authority, (Yeshiva University), (AMBAC), 5.50%, 7/1/35		1,054,675
	5,460	Oneida County Industrial Development Agency, (Hamilton College), (MBIA), 0.00%, 7/1/33		1,239,584


			$	3,681,084



Insured-Electric Utilities — 7.5%

$	1,365	Long Island Power Authority, Electric System Revenue, (BHAC), 5.75%, 4/1/33	$	1,396,941
	3,000	Puerto Rico Electric Power Authority, (FGIC), (MBIA), 5.25%, 7/1/34		2,360,940


			$	3,757,881


Insured-General Obligations — 3.7%

$	1,750	Puerto Rico, (FSA), Variable Rate, 12.711%, 7/1/27⁽³⁾⁽⁴⁾	$	1,876,788


			$	1,876,788




Insured-Lease Revenue/Certificates of Participation — 4.7%

$	3,300	Hudson Yards Infrastructure Corp., (MBIA), 4.50%, 2/15/47	$	2,348,247


			$	2,348,247



Insured-Special Tax Revenue — 8.0%

$	1,000	New York Convention Center Development Corp., Hotel Occupancy Tax, (AMBAC), 4.75%, 11/15/45	$	779,250
	1,000	New York Convention Center Development Corp., Hotel Occupancy Tax, (AMBAC), 5.00%, 11/15/44		818,450
	4,500	Puerto Rico Infrastructure Financing Authority, (AMBAC), 0.00%, 7/1/34		677,340
	19,745	Puerto Rico Sales Tax Financing, (AMBAC), 0.00%, 8/1/54		684,954
	3,380	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/44		268,237
	6,705	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/45		494,024
	4,225	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/46		288,272


			$	4,010,527



Insured-Transportation — 13.8%

$	6,235	Niagara Frontier Airport Authority, (Buffalo Niagara International Airport), (MBIA), (AMT), 5.625%, 4/1/29	$	5,127,914
	2,030	Puerto Rico Highway and Transportation Authority, (AGC), 5.25%, 7/1/34		1,812,607


			$	6,940,521



Insured-Water and Sewer — 1.4%

$	1,000	Nassau County Industrial Development Agency, (Water Services Corp.), (AMBAC), (AMT), 5.00%, 12/1/35	$	701,350


			$	701,350



Lease Revenue/Certificates of Participation — 5.7%

$	2,500	New York City Transitional Finance Authority, (Building Aid), 4.50%, 1/15/38	$	1,928,725
	1,000	New York City Transitional Finance Authority, (Building Aid), 5.50%, 7/15/31		956,320


			$	2,885,045



Other Revenue — 1.9%

$	1,285	Albany Industrial Development Agency Civic Facility, (Charitable Leadership), 5.75%, 7/1/26	$	960,075


			$	960,075

See notes to financial statements

Eaton Vance New York Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS CONT’D


Principal Amount
(000’s omitted)		Security	Value




Senior Living/Life Care — 2.5%

$	1,450	Mount Vernon Industrial Development Agency, (Wartburg Senior Housing, Inc.), 6.20%, 6/1/29	$	1,094,170
	250	Suffolk County Industrial Development Agency, (Jefferson’s Ferry Project), 5.00%, 11/1/28		178,105


			$	1,272,275



Special Tax Revenue — 1.9%

$	1,000	New York Dormitory Authority, Personal Income Tax Revenue, (University & College Improvements), 5.25%, 3/15/38	$	949,800


			$	949,800



Transportation — 19.7%

$	1,700	Metropolitan Transportation Authority, 4.50%, 11/15/37	$	1,291,694
	3,200	Metropolitan Transportation Authority, 4.50%, 11/15/38		2,417,088
	1,900	Port Authority of New York and New Jersey, 5.00%, 11/15/37⁽²⁾		1,752,845
	1,190	Port Authority of New York and New Jersey, (AMT), 4.75%, 6/15/33		892,928
	990	Port Authority of New York and New Jersey, (AMT), 5.75%, 3/15/35⁽²⁾		842,064
	10	Port Authority of New York and New Jersey, (AMT), 5.75%, 3/15/35		8,506
	2,000	Triborough Bridge and Tunnel Authority, 5.00%, 11/15/37		1,802,560
	1,000	Triborough Bridge and Tunnel Authority, 5.00%, 11/15/38		899,960


			$	9,907,645



Water and Sewer — 12.6%

$	3,105	New York City Municipal Water Finance Authority, 5.75%, 6/15/40	$	3,123,692
	2,535	New York Environmental Facilities Corp., Clean Water, (Municipal Water Finance), 5.00%, 6/15/37⁽²⁾		2,356,941
	5	New York Environmental Facilities Corp., Clean Water, (Municipal Water Finance), 5.00%, 6/15/37		4,649
	1,000	Saratoga County Water Authority, 5.00%, 9/1/48		862,480


			$	6,347,762



Total Tax-Exempt Investments — 198.5%
(identified cost $122,107,447)			$	99,907,960



Auction Preferred Shares Plus Cumulative Unpaid Dividends — (67.0)%			$	(33,729,429	)



Other Assets, Less Liabilities — (31.5)%			$	(15,853,503	)



Net Assets — 100.0%			$	50,325,028

AGC - Assured Guaranty Corp.

AMBAC - AMBAC Financial Group, Inc.

AMT - Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax.

BHAC - Berkshire Hathaway Assurance Corp.

FGIC - Financial Guaranty Insurance Company

FNMA - Federal National Mortgage Association

FSA - Financial Security Assurance, Inc.

MBIA - Municipal Bond Insurance Association

The Trust invests primarily in debt securities issued by New York municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. In order to reduce the risk associated with such economic developments, at November 30, 2008, 23.3% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution ranged from 1.8% to 12.1% of total investments.


(1)		Security (or a portion thereof) has been segregated to cover margin requirements on open financial futures contracts.

(2)		Security represents the underlying municipal bond of a tender option bond trust (see Note 1H).

(3)		Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At November 30, 2008, the aggregate value of these securities is $1,876,788 or 3.7% of the Trust’s net assets applicable to common shares.

(4)		Security has been issued as a leveraged inverse floater bond. The stated interest rate represents the rate in effect at November 30, 2008.

See notes to financial statements

Eaton Vance Ohio Municipal Income Trust as of November 30, 2008

PORTFOLIO OF INVESTMENTS


Tax-Exempt Investments — 182.1%
Principal Amount
(000’s omitted)		Security	Value



Cogeneration — 1.6%

$	385	Ohio Water Development Authority, Solid Waste Disposal, (Bay Shore Power), (AMT), 5.875%, 9/1/20	$	304,054
	200	Ohio Water Development Authority, Solid Waste Disposal, (Bay Shore Power), (AMT), 6.625%, 9/1/20		168,994


			$	473,048



Electric Utilities — 1.2%

$	360	Clyde, Electric System Revenue, (AMT), 6.00%, 11/15/14	$	349,049


			$	349,049



Escrowed/Prerefunded — 13.7%

$	1,000	Delaware County, Prerefunded to 12/1/10, 6.00%, 12/1/25	$	1,091,040
	1,530	Hamilton City School District, Prerefunded to 12/1/09, 5.625%, 12/1/24		1,614,165
	565	Highland County, (Joint Township Hospital District), Prerefunded to 12/1/09, 6.75%, 12/1/29		600,471
	670	Richland County Hospital Facilities, (Medcentral Health Systems), Prerefunded to 11/15/10, 6.375%, 11/15/22		732,283


			$	4,037,959



General Obligations — 8.0%

$	1,000	Barberton City School District, 4.50%, 12/1/33	$	818,590
	1,090	Central Ohio Solid Waste Authority, 5.125%, 9/1/27⁽¹⁾	&