Edgar Filing: EATON VANCE OHIO MUNICIPAL INCOME TRUST

Eaton Vance Ohio 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: 811-09153

Eaton Vance Ohio Municipal Income Trust

(Exact Name of registrant as Specified in Charter)

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

Maureen A. Gemma
Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Services)

(617) 482-8260

(registrant’s Telephone Number)

November 30

Date of Fiscal Year End

May 31, 2009

Date of Reporting Period

Item 1. Reports to Stockholders

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 May 31, 2009

TABLE OF CONTENTS


Investment Update			2

Performance Information and Portfolio Composition

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

Financial Statements			11

Annual Meeting of Shareholders			65

Dividend Reinvestment Plan			66

Board of Trustees’ Annual Approval of the Investment Advisory Agreements			68

Officers and Trustees			71

Eaton Vance Municipal Income Trusts as of May 31, 2009

INVESTMENT UPDATE

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

Economic and Market Conditions

During the six-month period ending May 31, 2009, investors began to see signs of hope as the capital markets generally rallied and began to stabilize. Despite continued economic weakness — the U.S. economy contracted by 6.3% (annualized) in the fourth quarter of 2008 and 5.5% (annualized) in the first quarter of 2009 — the Obama administration’s massive spending proposals served as a catalyst for optimism. February was a particularly strong month for economic data: factory orders increased 1.8%; new home sales rose 4.7%; and existing home sales surged 5.1%. The upturn in the housing market was bolstered by historically low mortgage rates, an $8,000 tax credit for first-time home buyers that was part of President Obama’s stimulus legislation, and a plethora of distressed properties on the market. Unemployment, on the other hand, rose to 9.4% in May 2009 from 7.2% in December 2008.

On February 17, 2009, President Obama signed a historic $787 billion stimulus program into law and outlined a $50 billion foreclosure rescue plan. These programs followed the $700 billion financial institution rescue legislation passed last fall. Additionally, the U.S. Federal Reserve kept the federal funds rate at a range of 0.0% to 0.25%.

During the period, municipals rallied strongly from extremely oversold levels reached in December 2008. As a result, returns for municipals were impressive for the six-month period, helping to make up for the losses incurred in the fall of 2008. The Barclays Capital Municipal Bond Index (the Index) — a broad-based, unmanaged index of municipal bonds — gained 9.0%, while many of the state Lipper categories average returns ranged from 20% to 30% for the six-month period.¹

Management Discussion

Relative to the Index, the Trusts outperformed for the six-month period ending May 31, 2009. The six-month results reflect several factors, including strong demand for longer-maturity municipal bonds and the ebbing of negative technical factors that had plagued the municipal market throughout 2008. The period included December, an important demarcation point for the municipal market, as municipal spreads reached all-time peaks during the month amid especially high uncertainty in the markets. In the period following December, the municipal market witnessed five months of dramatic rebound as headline risk abated, demand returned from investors who had sought the relative safety of Treasury bonds in 2008 and cautious optimism spread on signs of a mildly improving economy. The renewed appetite for municipal bonds was buoyed by legislative efforts aimed at supporting the municipal market, much of which focused on reducing tax-exempt municipal supply through the Build America Bonds program and the federal stimulus provided to states through the American Recovery & Reinvestment Act of 2009. The result of these events during the period was a dramatic rally for the sector as yields fell and prices rose across the yield curve.

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. While the price declines experienced by municipals in 2008 were most pronounced on the long end of the yield curve, longer-maturity bonds outperformed shorter maturities during the period, thus providing the basis for much of the Trusts’ outperformance relative to the Index. Higher allocations to revenue bonds also contributed positively as general obligation bonds trailed revenue issues during the period.

The employment of leverage and leveraged investments in the Trusts, through which additional exposure to the municipal market is achieved, was yet another positive factor during the period. Leverage has the impact


¹		It is not possible to invest directly in an Index or a Lipper Classification. 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.

Eaton Vance Municipal Income Trusts as of May 31, 2009

INVESTMENT UPDATE

of enhancing returns during up markets while exacerbating performance on the downside. Given the broad rally in the municipal sector during the period, the use of leverage was a contributor to performance.

As we move ahead, we maintain our long-term perspective on the markets against the backdrop of relatively short periods of market volatility. We will continue to actively manage municipals in this environment — like in all others — with the same income-focused, relative value approach we have always employed. We believe that this approach, which is based on careful credit research and our decades of experience in the municipal market, has served municipal investors well over the long term. In addition, many state governments, particularly California, face significant budget deficits that are driven primarily by a steep decline in tax revenues. We will continue to monitor any new developments as state legislatures formulate solutions to address these fiscal problems.

A Note Regarding The Use Of Leverage

The Trusts employ leverage through the issuance of Auction Preferred Shares (APS) and the use of tender option bond (TOB) financing.¹ Each Trust’s APS and TOB percentage leverage as of May 31, 2009 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).

During the period, certain of the Trusts 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 2 to the Financial Statements.


¹		See Note 1H to the Financial Statements for more information on TOB investments.

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.

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 California Municipal Income Trust as of May 31, 2009

PERFORMANCE INFORMATION AND PORTFOLIO COMPOSITION

Trust Performance¹


NYSE Amex Symbol	CEV
Average Annual Total Returns (by share price)

Six Months		25.27	%
One Year		-13.84
Five Years		0.83
Ten Years		4.10
Life of Trust (1/29/99)		3.00


Average Annual Total Returns (by net asset value)

Six Months	23.52	%
One Year	-13.00
Five Years	1.32
Ten Years	4.17
Life of Trust (1/29/99)	3.64

Premium/(Discount) to NAV	-6.21	%


Market Yields

Market Yield²	7.03	%
Taxable-Equivalent Market Yield³	11.93

Index Performance⁴ (Average Annual Total Returns)


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

Six Months		9.00	%		14.40	%
One Year		3.57			-2.50
Five Years		4.41			3.81
Ten Years		4.95			4.69

Lipper Averages⁵ (Average Annual Total Returns)


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

Six Months	14.99	%
One Year	-6.65
Five Years	2.94
Ten Years	4.36

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 May 31, 2009, is as follows, and the average rating is AA-:


AAA		27.1%
AA		30.7%
A		24.7%
BBB		10.4%
Not Rated		7.1%

Trust Statistics⁷


•	Number of Issues:		96
•	Average Maturity:		22.1 years
•	Average Effective Maturity:		18.4 years
•	Average Call Protection:		7.9 years
•	Average Dollar Price:	$	84.11
•	APS Leverage^**:		32.6	%
•	TOB Leverage^**:		12.4	%


**		APS leverage represents the liquidation value of the Trust’s Auction Preferred Shares (APS) outstanding at 5/31/09 as a percentage of the Trust’s net assets applicable to common shares plus APS and Tender Option Bond (TOB) Floating Rate Notes. TOB leverage represents the amount of Floating Rate Notes outstanding at 5/31/09 as a percentage of the Trust’s net assets applicable to common shares plus APS and Floating Rate Notes.

¹		Six-month returns are cumulative. 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). ² The Trust’s market yield is calculated by dividing the last dividend paid per common share of the semiannual period by the share price at the end of the semiannual period and annualizing the result. ³ Taxable-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. ⁴It 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, 24 and 14 funds for the 6-month, 1-year, 5-year and 10-year time periods, respectively. Lipper Averages are available as of month end only. ⁶ Rating 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. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security’s market value or of the liquidity of an investment in the security. 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 May 31, 2009

PERFORMANCE INFORMATION AND PORTFOLIO COMPOSITION

Trust Performance¹


NYSE Amex Symbol	MMV
Average Annual Total Returns (by share price)

Six Months		45.98	%
One Year		-3.53
Five Years		2.51
Ten Years		4.91
Life of Trust (1/29/99)		4.09

Average Annual Total Returns (by net asset value)

Six Months		28.43	%
One Year		-5.96
Five Years		2.38
Ten Years		4.67
Life of Trust (1/29/99)		4.09

Premium/(Discount) to NAV		0.00	%


Market Yields

Market Yield²	6.66	%
Taxable-Equivalent Market Yield³	10.82

Index Performance⁴ (Average Annual Total Returns)


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

Six Months		9.00	%		14.40	%
One Year		3.57			-2.50
Five Years		4.41			3.81
Ten Years		4.95			4.69

Lipper Averages⁵ (Average Annual Total Returns)


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

Six Months	15.92	%
One Year	-0.60
Five Years	3.80
Ten Years	4.66

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 May 31, 2009, is as follows, and the average rating is A+:


AAA		8.5%
AA		39.4%
A		33.0%
BBB		11.4%
BB		1.0%
Not Rated		6.7%

Trust Statistics⁷


•	Number of Issues:		62
•	Average Maturity:		26.9 years
•	Average Effective Maturity:		23.1 years
•	Average Call Protection:		9.4 years
•	Average Dollar Price:	$	89.83
•	APS Leverage^**:		34.5	%
•	TOB Leverage^**:		6.7	%


**		APS leverage represents the liquidation value of the Trust’s Auction Preferred Shares (APS) outstanding at 5/31/09 as a percentage of the Trust’s net assets applicable to common shares plus APS and Tender Option Bond (TOB) Floating Rate Notes. TOB leverage represents the amount of Floating Rate Notes outstanding at 5/31/09 as a percentage of the Trust’s net assets applicable to common shares plus APS and Floating Rate Notes.

¹		Six-month returns are cumulative. 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). ² The Trust’s market yield is calculated by dividing the last dividend paid per common share of the semiannual period by the share price at the end of the semiannual period and annualizing the result. ³ Taxable-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. ⁴It 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, 43 and 20 funds for the 6-month, 1-year, 5-year and 10-year time periods, respectively. Lipper Averages are available as of month end only. ⁶ Rating 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. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security’s market value or of the liquidity of an investment in the security. 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 May 31, 2009

PERFORMANCE INFORMATION AND PORTFOLIO COMPOSITION

Trust Performance¹


NYSE Amex Symbol	EMI
Average Annual Total Returns (by share price)

Six Months		43.51	%
One Year		-5.07
Five Years		-1.01
Ten Years		3.07
Life of Trust (1/29/99)		2.85

Average Annual Total Returns (by net asset value)

Six Months		17.84	%
One Year		-5.12
Five Years		2.35
Ten Years		4.55
Life of Trust (1/29/99)		4.03

Premium/(Discount) to NAV		-11.18	%


Market Yields

Market Yield²	7.13	%
Taxable-Equivalent Market Yield³	11.47

Index Performance⁴ (Average Annual Total Returns)


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

Six Months		9.00	%		14.40	%
One Year		3.57			-2.50
Five Years		4.41			3.81
Ten Years		4.95			4.69

Lipper Averages⁵ (Average Annual Total Returns)


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

Six Months	14.20	%
One Year	-1.19
Five Years	3.49
Ten Years	4.81

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 May 31, 2009, is as follows, and the average rating is AA-:


AAA		26.0%
AA		38.4%
A		18.2%
BBB		12.8%
BB		1.1%
CCC		0.7%
Not Rated		2.8%

Trust Statistics⁷


•	Number of Issues:		66
•	Average Maturity:		21.5 years
•	Average Effective Maturity:		15.3 years
•	Average Call Protection:		5.6 years
•	Average Dollar Price:	$	92.20
•	APS Leverage^**:		39.1	%
•	TOB Leverage^**:		2.5	%


**		APS leverage represents the liquidation value of the Trust’s Auction Preferred Shares (APS) outstanding at 5/31/09 as a percentage of the Trust’s net assets applicable to common shares plus APS and Tender Option Bond (TOB) Floating Rate Notes. TOB leverage represents the amount of Floating Rate Notes outstanding at 5/31/09 as a percentage of the Trust’s net assets applicable to common shares plus APS and Floating Rate Notes.

¹		Six-month returns are cumulative. 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). ² The Trust’s market yield is calculated by dividing the last dividend paid per common share of the semiannual period by the share price at the end of the semiannual period and annualizing the result. ³ Taxable-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. ⁴It 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, 4 and 3 funds for the 6-month, 1-year, 5-year and 10-year time periods, respectively. Lipper Averages are available as of month end only. ⁶ Rating 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. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security’s market value or of the liquidity of an investment in the security. 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 May 31, 2009

PERFORMANCE INFORMATION AND PORTFOLIO COMPOSITION

Trust Performance¹


NYSE Amex Symbol	EVJ
Average Annual Total Returns (by share price)

Six Months		46.46	%
One Year		-0.65
Five Years		2.20
Ten Years		4.32
Life of Trust (1/29/99)		3.84


Average Annual Total Returns (by net asset value)

Six Months	37.74	%
One Year	-6.38
Five Years	2.99
Ten Years	4.70
Life of Trust (1/29/99)	4.23

Premium/(Discount) to NAV	-3.85	%


Market Yields

Market Yield²	7.01	%
Taxable-Equivalent Market Yield³	11.85

Index Performance⁴ (Average Annual Total Returns)


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

Six Months		9.00	%		14.40	%
One Year		3.57			-2.50
Five Years		4.41			3.81
Ten Years		4.95			4.69

Lipper Averages⁵ (Average Annual Total Returns)


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

Six Months	18.45	%
One Year	-2.76
Five Years	3.55
Ten Years	4.51

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 May 31, 2009, is as follows, and the average rating is A+:


AAA		22.7%
AA		29.2%
A		24.4%
BBB		20.2%
B		1.5%
Not Rated		2.0%

Trust Statistics⁷


•	Number of Issues:		76
•	Average Maturity:		25.4 years
•	Average Effective Maturity:		19.8 years
•	Average Call Protection:		8.4 years
•	Average Dollar Price:	$	87.87
•	APS Leverage^**:		32.4	%
•	TOB Leverage^**:		11.8	%


**		APS leverage represents the liquidation value of the Trust’s Auction Preferred Shares (APS) outstanding at 5/31/09 as a percentage of the Trust’s net assets applicable to common shares plus APS and Tender Option Bond (TOB) Floating Rate Notes. TOB leverage represents the amount of Floating Rate Notes outstanding at 5/31/09 as a percentage of the Trust’s net assets applicable to common shares plus APS and Floating Rate Notes.

¹		Six-month returns are cumulative. 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). ² The Trust’s market yield is calculated by dividing the last dividend paid per common share of the semiannual period by the share price at the end of the semiannual period and annualizing the result. ³ Taxable-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. ⁴It 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, 10 and 6 funds for the 6-month, 1-year, 5-year and 10-year time periods, respectively. Lipper Averages are available as of month end only. ⁶ Rating 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. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security’s market value or of the liquidity of an investment in the security. 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 May 31, 2009

PERFORMANCE INFORMATION AND PORTFOLIO COMPOSITION

Trust Performance¹


NYSE Amex Symbol	EVY
Average Annual Total Returns (by share price)

Six Months		65.31	%
One Year		-6.45
Five Years		3.73
Ten Years		5.26
Life of Trust (1/29/99)		4.39


Average Annual Total Returns (by net asset value)

Six Months	32.65	%
One Year	-12.66
Five Years	1.35
Ten Years	4.37
Life of Trust (1/29/99)	3.87

Premium/(Discount) to NAV	5.29	%


Market Yields

Market Yield²	6.81	%
Taxable-Equivalent Market Yield³	11.25

Index Performance⁴ (Average Annual Total Returns)


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

Six Months		9.00	%		14.40	%
One Year		3.57			-2.50
Five Years		4.41			3.81
Ten Years		4.95			4.69

Lipper Averages⁵ (Average Annual Total Returns)


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

Six Months	15.56	%
One Year	-6.05
Five Years	3.00
Ten Years	4.68

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 May 31, 2009, is as follows, and the average rating is A+:


AAA		15.5%
AA		39.0%
A		17.9%
BBB		11.8%
BB		4.5%
B		3.1%
Not Rated		8.2%

Trust Statistics⁷


•	Number of Issues:		82
•	Average Maturity:		24.6 years
•	Average Effective Maturity:		19.6 years
•	Average Call Protection:		8.9 years
•	Average Dollar Price:	$	87.69
•	APS Leverage^**:		29.8	%
•	TOB Leverage^**:		13.4	%


**		APS leverage represents the liquidation value of the Trust’s Auction Preferred Shares (APS) out standing at 5/31/09 as a percentage of the Trust’s net assets applicable to common shares plus APS and Tender Option Bond (TOB) Floating Rate Notes. TOB leverage represents the amount Floating Rate Notes outstanding at 5/31/09 as a percentage of the Trust’s net assets applicable to common shares plus APS and Floating Rate Notes.

¹		Six-month returns are cumulative. 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). ² The Trust’s market yield is calculated by dividing the last dividend paid per common share of the semiannual period by the share price at the end of the semiannual period and annualizing the result. ³ Taxable-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. ⁴It 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 17, 17, 17 and 8 funds for the 6-month, 1-year, 5-year and 10-year time periods, respectively. Lipper Averages are available as of month end only. ⁶ Rating 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. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security’s market value or of the liquidity of an investment in the security. 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 Ohio Municipal Income Trust as of May 31, 2009

PERFORMANCE INFORMATION AND PORTFOLIO COMPOSITION

Turst Performance¹


NYSE Amex Symbol	EVO
Average Annual Total Returns (by share price)

Six Months		49.63	%
One Year		3.02
Five Years		2.50
Ten Years		4.14
Life of Trust (1/29/99)		3.96


Average Annual Total Returns (by net asset value)

Six Months	24.41	%
One Year	-5.24
Five Years	2.82
Ten Years	4.58
Life of Trust (1/29/99)	4.13

Premium/(Discount) to NAV	-1.59	%


Market Yields

Market Yield²	6.41	%
Taxable-Equivalent Market Yield³	10.55

Index Performance⁴ (Average Annual Total Returns)


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

Six Months		9.00	%		14.40	%
One Year		3.57			-2.50
Five Years		4.41			3.81
Ten Years		4.95			4.69

Lipper Averages⁵ (Average Annual Total Returns)


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

Six Months	15.92	%
One Year	-0.60
Five Years	3.80
Ten Years	4.66

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 May 31, 2009, is as follows, and the average rating is AA-:


AAA		27.4%
AA		41.1%
A		16.2%
BBB		7.8%
B		1.6%
Not Rated		5.9%

Trust Statistics⁷


•	Number of Issues:		77
•	Average Maturity:		22.5 years
•	Average Effective Maturity:		16.3 years
•	Average Call Protection:		7.4 years
•	Average Dollar Price:	$	90.44
•	APS Leverage^**:		37.6	%
•	TOB Leverage^**:		3.8	%


**		APS leverage represents the liquidation value of the Trust’s Auction Preferred Shares (APS) outstanding at 5/31/09 as a percentage of the Trust’s net assets applicable to common shares plus APS and Tender Option Bond (TOB) Floating Rate Notes. TOB leverage represents the amount of Floating Rate Notes outstanding at 5/31/09 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		Six-month returns are cumulative. 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). ² The Trust’s market yield is calculated by dividing the last dividend paid per common share of the semiannual period by the share price at the end of the semiannual period and annualizing the result. ³ Taxable-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. ⁴It 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, 43 and 20 funds for the 6-month, 1-year, 5-year and 10-year time periods, respectively. Lipper Averages are available as of month end only. ⁶ Rating 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. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security’s market value or of the liquidity of an investment in the security. 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 Pennsylvania Municipal Income Trust as of May 31, 2009

PERFORMANCE INFORMATION AND PORTFOLIO COMPOSITION

Trust Performance¹


NYSE Amex Symbol	EVP
Average Annual Total Returns (by share price)

Six Months		29.18	%
One Year		-0.80
Five Years		2.57
Ten Years		4.47
Life of Trust (1/29/99)		3.72


Average Annual Total Returns (by net asset value)

Six Months	26.90	%
One Year	-6.30
Five Years	2.93
Ten Years	4.77
Life of Trust (1/29/99)	4.27

Premium/(Discount) to NAV	-5.31	%


Market Yields

Market Yield²	6.61	%
Taxable-Equivalent Market Yield³	10.49

Index Performance⁴ (Average Annual Total Returns)


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

Six Months		9.00	%		14.40	%
One Year		3.57			-2.50
Five Years		4.41			3.81
Ten Years		4.95			4.69

Lipper Averages⁵ (Average Annual Total Returns)


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

Six Months	17.05	%
One Year	-3.39
Five Years	2.65
Ten Years	4.37

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 May 31, 2009, is as follows, and the average rating is AA-:


AAA		17.9%
AA		43.6%
A		22.8%
BBB		4.6%
BB		1.7%
B		1.4%
CCC		1.3%
Not Rated		6.7%

Trust Statistics⁷


•	Number of Issues:		79
•	Average Maturity:		21.6 years
•	Average Effective Maturity:		16.1 years
•	Average Call Protection:		7.2 years
•	Average Dollar Price:	$	93.18
•	APS Leverage^**:		35.7	%
•	TOB Leverage^**:		6.8	%


**		APS leverage represents the liquidation value of the Trust’s Auction Preferred Shares (APS) outstanding at 5/31/09 as a percentage of the Trust’s net assets applicable to common shares plus APS and Tender Option Bond (TOB) Floating Rate Notes. TOB leverage represents the amount of Floating Rate Notes outstanding at 5/31/09 as a percentage of the Trust’s net assets applicable to common shares plus APS and Floating Rate Notes.

¹		Six-month returns are cumulative. 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). ² The Trust’s market yield is calculated by dividing the last dividend paid per common share of the semiannual period by the share price at the end of the semiannual period and annualizing the result. ³ Taxable-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. ⁴It 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, 7 and 4 funds for the 6-month, 1-year, 5-year and 10-year time periods, respectively. Lipper Averages are available as of month end only. ⁶ Rating 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. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security’s market value or of the liquidity of an investment in the security. 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 May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited)


Tax-Exempt Investments — 177.9%

Principal Amount
(000’s omitted)		Security	Value



Education — 14.9%

$	2,000	California Educational Facilities Authority, (Claremont McKenna College), 5.00%, 1/1/39	$	1,966,520
	2,770	California Educational Facilities Authority, (Lutheran University), 5.00%, 10/1/29		2,304,557
	500	California Educational Facilities Authority, (Pepperdine University), 5.00%, 11/1/29		502,240
	1,350	California Educational Facilities Authority, (Santa Clara University), 5.00%, 9/1/23		1,429,137
	4,000	California Educational Facilities Authority, (Stanford University), 5.125%, 1/1/31⁽¹⁾		4,000,400
	2,500	San Diego County, Certificates of Participation, (University of San Diego), 5.375%, 10/1/41		2,382,875


			$	12,585,729




Electric Utilities — 4.0%

$	2,275	Chula Vista, (San Diego Gas), (AMT), 5.00%, 12/1/27	$	2,067,725
	1,300	Vernon, Electric System Revenue, 5.125%, 8/1/21		1,278,316


			$	3,346,041




General Obligations — 11.9%

$	750	California, 6.00%, 4/1/38	$	772,388
	1,610	California, (AMT), 5.05%, 12/1/36		1,380,237
	4,770	San Francisco Bay Area Rapid Transit District, (Election of 2004), 4.75%, 8/1/37⁽²⁾		4,661,077
	3,180	Santa Clara County, (Election of 2008), 5.00%, 8/1/39⁽²⁾		3,225,394


			$	10,039,096




Health Care-Miscellaneous — 0.3%

$	300	Puerto Rico Infrastructure Financing Authority, (Mepsi Campus Project), 6.50%, 10/1/37	$	226,770


			$	226,770




Hospital — 32.8%

$	1,000	California Health Facilities Financing Authority, (Catholic Healthcare West), 5.625%, 7/1/32	$	984,070
	2,935	California Health Facilities Financing Authority, (Cedars-Sinai Medical Center), 5.00%, 11/15/34		2,660,666
	1,500	California Health Facilities Financing Authority, (Providence Health System), 6.50%, 10/1/38		1,607,145
	3,480	California Health Facilities Financing Authority, (Sutter Health), 5.25%, 11/15/46⁽²⁾		3,213,734
	750	California Infrastructure and Economic Development Bank, (Kaiser Hospital), 5.50%, 8/1/31		720,255
	3,900	California Statewide Communities Development Authority, (Huntington Memorial Hospital), 5.00%, 7/1/35		3,468,543
	1,750	California Statewide Communities Development Authority, (John Muir Health), 5.00%, 8/15/36		1,579,270
	1,650	California Statewide Communities Development Authority, (Kaiser Permanente), 5.50%, 11/1/32		1,580,832
	1,750	California Statewide Communities Development Authority, (Sonoma County Indian Health), 6.40%, 9/1/29		1,570,905
	1,500	California Statewide Communities Development Authority, (Sutter Health), 5.50%, 8/15/28		1,511,700
	1,500	Duarte, (Hope National Medical Center), 5.25%, 4/1/24		1,453,320
	410	Tahoe Forest Hospital District, 5.85%, 7/1/22		378,565
	2,000	Torrance Hospital, (Torrance Memorial Medical Center), 5.50%, 6/1/31		1,928,340
	1,250	Turlock, (Emanuel Medical Center, Inc.), 5.375%, 10/15/34		838,787
	2,000	Washington Health Care Facilities Authority, (Providence Health Care), 5.25%, 7/1/29		1,834,860
	2,780	Washington Township Health Care District, 5.00%, 7/1/32		2,388,381


			$	27,719,373




Housing — 2.6%

$	1,750	California Housing Finance Agency, (AMT), 4.75%, 8/1/42	$	1,267,263
	722	Commerce, (Hermitage III Senior Apartments), 6.50%, 12/1/29		578,357
	421	Commerce, (Hermitage III Senior Apartments), 6.85%, 12/1/29		334,331


			$	2,179,951




Industrial Development Revenue — 3.9%

$	800	California Pollution Control Financing Authority, (Browning-Ferris Industries, Inc.), (AMT), 6.875%, 11/1/27	$	800,248
	1,235	California Pollution Control Financing Authority, (Waste Management, Inc.), (AMT), 5.125%, 11/1/23		1,120,577
	2,000	California Statewide Communities Development Authority, (Anheuser-Busch Cos., Inc.), (AMT), 4.80%, 9/1/46		1,394,280


			$	3,315,105

See notes to financial statements

Eaton Vance California Municipal Income Trust as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D


Principal Amount
(000’s omitted)		Security	Value



Insured-Education — 7.8%

$	400	California Educational Facilities Authority, (Pepperdine University), (AMBAC), 5.00%, 12/1/35	$	388,000
	3,270	California Educational Facilities Authority, (Pooled College and University), (NPFG), 5.10%, 4/1/23		3,273,761
	3,000	California State University, (AMBAC), 5.00%, 11/1/33		2,962,380


			$	6,624,141




Insured-Electric Utilities — 10.2%

$	2,500	California Pollution Control Financing Authority, (Pacific Gas and Electric), (NPFG), (AMT), 5.35%, 12/1/16	$	2,491,000
	3,250	California Pollution Control Financing Authority, (Southern California Edison Co.), (NPFG), (AMT), 5.55%, 9/1/31		2,875,145
	3,510	Los Angeles Department of Water and Power, (FSA), 4.625%, 7/1/37		3,208,666


			$	8,574,811




Insured-Escrowed / Prerefunded — 2.9%

$	5,130	Foothill/Eastern Transportation Corridor Agency, (FSA), (RADIAN), Escrowed to Maturity, 0.00%, 1/1/26	$	2,416,384


			$	2,416,384




Insured-General Obligations — 6.7%

$	7,000	Coast Community College District, (Election of 2002), (FSA), 0.00%, 8/1/34	$	1,503,040
	4,825	Coast Community College District, (Election of 2002), (FSA), 0.00%, 8/1/35		967,943
	7,995	Sweetwater Union High School District, (Election 2000), (FSA), 0.00%, 8/1/25		3,226,702


			$	5,697,685




Insured-Hospital — 18.5%

$	3,100	California Health Facilities Financing Authority, (Kaiser Permanente), (BHAC), 5.00%, 4/1/37	$	3,112,276
	3,200	California Statewide Communities Development Authority, (Children’s Hospital Los Angeles), (NPFG), 5.25%, 8/15/29		2,973,824
	750	California Statewide Communities Development Authority, (Kaiser Permanente), (BHAC), 5.00%, 3/1/41⁽²⁾		744,038
	5,000	California Statewide Communities Development Authority, (Sutter Health), (AMBAC), (BHAC), 5.00%, 11/15/38⁽²⁾		5,016,200
	3,735	California Statewide Communities Development Authority, (Sutter Health), (FSA), 5.75%, 8/15/27⁽²⁾		3,781,899


			$	15,628,237




Insured-Lease Revenue / Certificates of Participation — 11.9%

$	6,475	Anaheim Public Financing Authority, Lease Revenue, (Public Improvements), (FSA), 0.00%, 9/1/17	$	4,384,028
	2,000	Puerto Rico Public Finance Corp., (AMBAC), Escrowed to Maturity, 5.50%, 8/1/27		2,258,340
	3,500	San Diego County Water Authority, (FSA), 5.00%, 5/1/38⁽²⁾		3,416,210


			$	10,058,578




Insured-Other Revenue — 2.0%

$	1,855	Golden State Tobacco Securitization Corp., (AGC), (FGIC), 5.00%, 6/1/38	$	1,711,238


			$	1,711,238




Insured-Special Tax Revenue — 4.4%

$	24,800	Puerto Rico Sales Tax Financing, (AMBAC), 0.00%, 8/1/54	$	1,371,192
	4,225	Puerto Rico Sales Tax Financing, (NPFG), 0.00%, 8/1/44		470,665
	8,380	Puerto Rico Sales Tax Financing, (NPFG), 0.00%, 8/1/45		874,621
	5,270	Puerto Rico Sales Tax Financing, (NPFG), 0.00%, 8/1/46		513,720
	480	Sacramento Area Flood Control Agency, (BHAC), 5.50%, 10/1/28		521,198


			$	3,751,396




Insured-Transportation — 8.6%

$	5,000	Alameda Corridor Transportation Authority, (AMBAC), 0.00%, 10/1/29	$	1,374,750
	8,000	Alameda Corridor Transportation Authority, (NPFG), 0.00%, 10/1/31		2,058,480
	740	Puerto Rico Highway and Transportation Authority, (AGC), (CIFG), 5.25%, 7/1/41⁽²⁾		724,242

See notes to financial statements

Eaton Vance California Municipal Income Trust as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D


Principal Amount
(000’s omitted)		Security	Value


Insured-Transportation (continued)


$	10,000	San Joaquin Hills Transportation Corridor Agency, (NPFG), 0.00%, 1/15/32	$	1,736,400
	1,350	San Jose Airport Revenue, (AMBAC), (BHAC), (FSA), (AMT), 6.00%, 3/1/47		1,349,851


			$	7,243,723




Insured-Water and Sewer — 3.7%

$	4,400	Los Angeles Department of Water and Power, (NPFG), 3.00%, 7/1/30	$	3,110,756


			$	3,110,756




Other Revenue — 2.2%

$	385	California Infrastructure and Economic Development Bank, (Performing Arts Center of Los Angeles), 5.00%, 12/1/32	$	373,099
	580	California Infrastructure and Economic Development Bank, (Performing Arts Center of Los Angeles), 5.00%, 12/1/37		549,666
	1,420	Golden State Tobacco Securitization Corp., 5.75%, 6/1/47		946,487


			$	1,869,252




Senior Living / Life Care — 0.7%

$	175	California Statewide Communities Development Authority, (Senior Living -Presbyterian Homes), 4.75%, 11/15/26	$	133,049
	700	California Statewide Communities Development Authority, (Senior Living - Presbyterian Homes), 4.875%, 11/15/36		483,161


			$	616,210




Special Tax Revenue — 17.3%

$	1,000	Bonita Canyon Public Financing Authority, 5.375%, 9/1/28	$	751,750
	285	Brentwood Infrastructure Financing Authority, 5.00%, 9/2/26		206,856
	460	Brentwood Infrastructure Financing Authority, 5.00%, 9/2/34		301,369
	1,000	Corona Public Financing Authority, 5.80%, 9/1/20		889,950
	200	Eastern California Municipal Water District, Special Tax Revenue, District No. 2004-27 Cottonwood, 5.00%, 9/1/27		141,470
	500	Eastern California Municipal Water District, Special Tax Revenue, District No. 2004-27 Cottonwood, 5.00%, 9/1/36		318,110
	1,590	Fontana Redevelopment Agency, (Jurupa Hills), 5.60%, 10/1/27		1,599,445
	900	Lincoln Public Financing Authority, Improvement Bond Act of 1915, (Twelve Bridges), 6.20%, 9/2/25		792,144
	420	Moreno Valley Unified School District, (Community School District No. 2003-2), 5.75%, 9/1/24		355,337
	750	Moreno Valley Unified School District, (Community School District No. 2003-2), 5.90%, 9/1/29		601,147
	2,340	Oakland Joint Powers Financing Authority, 5.40%, 9/2/18		2,395,458
	960	Oakland Joint Powers Financing Authority, 5.50%, 9/2/24		980,899
	1,325	San Pablo Redevelopment Agency, 5.65%, 12/1/23		1,332,725
	1,095	Santa Margarita Water District, 6.20%, 9/1/20		1,100,344
	250	Santaluz Community Facilities District No. 2, 6.10%, 9/1/21		225,095
	500	Santaluz Community Facilities District No. 2, 6.20%, 9/1/30		419,565
	250	Temecula Unified School District, 5.00%, 9/1/27		180,217
	400	Temecula Unified School District, 5.00%, 9/1/37		258,268
	500	Turlock Public Financing Authority, 5.45%, 9/1/24		461,900
	500	Tustin Community Facilities District, 6.00%, 9/1/37		414,180
	1,000	Whittier Public Financing Authority, (Greenleaf Avenue Redevelopment), 5.50%, 11/1/23		878,300


			$	14,604,529




Transportation — 5.3%

$	2,000	Bay Area Toll Authority, Toll Bridge Revenue, (San Francisco Bay Area), 5.00%, 4/1/31⁽³⁾	$	2,005,600
	1,500	Los Angeles Department of Airports, (Los Angeles International Airport), (AMT), 5.375%, 5/15/30		1,459,170
	1,170	Port of Redwood City, (AMT), 5.125%, 6/1/30		984,707


			$	4,449,477




Water and Sewer — 5.3%

$	1,840	California Department of Water Resources, 5.00%, 12/1/29	$	1,922,745
	2,500	Metropolitan Water District of Southern California, 5.00%, 1/1/34		2,568,925


			$	4,491,670



Total Tax-Exempt Investments — 177.9%
(identified cost $160,807,471)			$	150,260,152



Auction Preferred Shares Plus Cumulative
Unpaid Dividends — (59.2)%			$	(49,976,933	)



Other Assets, Less Liabilities — (18.7)%			$	(15,805,786	)



Net Assets Applicable to Common Shares — 100.0%			$	84,477,433

See notes to financial statements

Eaton Vance California Municipal Income Trust as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D

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.

NPFG - National Public Finance Guaranty Corp.

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 May 31, 2009, 43.1% 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 0.5% to 16.1% of total investments.


(1)		Security (or a portion thereof) has been pledged 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 (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 May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited)


Tax-Exempt Investments — 165.4%

Principal Amount
(000’s omitted)		Security	Value



Education — 33.8%

$	2,440	Massachusetts Development Finance Agency, (Boston University), 5.45%, 5/15/59	$	2,382,709
	600	Massachusetts Development Finance Agency, (Middlesex School), 5.00%, 9/1/33		577,914
	1,000	Massachusetts Development Finance Agency, (New England Conservatory of Music), 5.25%, 7/1/38		820,810
	1,500	Massachusetts Development Finance Agency, (Wheeler School), 6.50%, 12/1/29		1,455,435
	1,000	Massachusetts Development Finance Agency, (Xaverian Brothers High School), 5.65%, 7/1/29		863,200
	1,500	Massachusetts Health and Educational Facilities Authority, (Berklee College of Music), 5.00%, 10/1/32		1,481,580
	1,250	Massachusetts Health and Educational Facilities Authority, (Boston College), 5.50%, 6/1/35		1,391,150
	1,500	Massachusetts Health and Educational Facilities Authority, (Harvard University), 5.00%, 10/1/38⁽¹⁾		1,550,520
	1,000	Massachusetts Health and Educational Facilities Authority, (Tufts University), 5.375%, 8/15/38		1,050,680


			$	11,573,998




Electric Utilities — 9.1%

$	1,000	Massachusetts Development Finance Agency, (Devens Electric System), 6.00%, 12/1/30	$	1,015,510
	1,870	Massachusetts Development Finance Agency, (Dominion Energy Brayton Point), (AMT), 5.00%, 2/1/36		1,564,049
	570	Puerto Rico Electric Power Authority, 5.00%, 7/1/25		532,865


			$	3,112,424




Escrowed / Prerefunded — 6.6%

$	400	Massachusetts Development Finance Agency, (Western New England College), Prerefunded to 12/1/12, 6.125%, 12/1/32	$	467,268
	235	Massachusetts Health and Educational Facilities Authority, (Healthcare System-Covenant Health), Prerefunded to 1/1/12, 6.00%, 7/1/31		264,814
	960	Massachusetts Health and Educational Facilities Authority, (Winchester Hospital), Prerefunded to 7/1/10, 6.75%, 7/1/30		1,023,178
	1,000	Rail Connections, Inc., (Route 128 Parking), (ACA), Prerefunded to 7/1/09, 0.00%, 7/1/20		502,730


			$	2,257,990



General Obligations — 2.3%

$	750	Newton, 5.00%, 4/1/36	$	780,105


			$	780,105




Health Care-Miscellaneous — 2.9%

$	510	Massachusetts Development Finance Agency, (MCHSP Human Services), 6.60%, 8/15/29	$	377,171
	700	Massachusetts Health and Educational Facilities Authority, (Learning Center for Deaf Children), 6.125%, 7/1/29		532,077
	100	Puerto Rico Infrastructure Financing Authority, (Mepsi Campus Project), 6.50%, 10/1/37		75,590


			$	984,838




Hospital — 22.6%

$	1,000	Massachusetts Development Finance Agency, (Biomedical Research Corp.), 6.25%, 8/1/20	$	1,024,910
	1,000	Massachusetts Health and Educational Facilities Authority, (Baystate Medical Center), 5.75%, 7/1/33		962,150
	400	Massachusetts Health and Educational Facilities Authority, (Berkshire Health System), 6.25%, 10/1/31		353,616
	850	Massachusetts Health and Educational Facilities Authority, (Beth Israel Deaconess Medical Center, Inc.), 5.125%, 7/1/38		746,087
	105	Massachusetts Health and Educational Facilities Authority, (Central New England Health Systems), 6.30%, 8/1/18		104,994
	1,135	Massachusetts Health and Educational Facilities Authority, (Dana-Farber Cancer Institute), 5.00%, 12/1/37		1,069,329
	865	Massachusetts Health and Educational Facilities Authority, (Healthcare System-Covenant Health), 6.00%, 7/1/31		867,344
	2,000	Massachusetts Health and Educational Facilities Authority, (Partners Healthcare System), 5.00%, 7/1/32⁽¹⁾		1,970,320
	675	Massachusetts Health and Educational Facilities Authority, (South Shore Hospital), 5.75%, 7/1/29		634,439


			$	7,733,189




Housing — 14.9%

$	2,100	Massachusetts Housing Finance Agency, (AMT), 4.75%, 12/1/48	$	1,767,990
	1,000	Massachusetts Housing Finance Agency, (AMT), 4.85%, 6/1/40		875,670

See notes to financial statements

Eaton Vance Massachusetts Municipal Income Trust as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D


Principal Amount
(000’s omitted)		Security	Value


Housing (continued)


$	650	Massachusetts Housing Finance Agency, (AMT), 5.00%, 12/1/28	$	615,875
	2,000	Massachusetts Housing Finance Agency, (AMT), 5.10%, 12/1/37		1,853,060


			$	5,112,595




Industrial Development Revenue — 2.0%

$	695	Massachusetts Industrial Finance Agency, (American Hingham Water Co.), (AMT), 6.60%, 12/1/15	$	695,083


			$	695,083




Insured-Education — 12.0%

$	1,000	Massachusetts College Building Authority, (XLCA), 5.50%, 5/1/39	$	1,075,510
	1,365	Massachusetts Development Finance Agency, (College of the Holy Cross), (AMBAC), 5.25%, 9/1/32⁽¹⁾		1,488,759
	1,600	Massachusetts Development Finance Agency, (Franklin W. Olin College), (XLCA), 5.25%, 7/1/33		1,559,376


			$	4,123,645




Insured-General Obligations — 9.3%

$	1,000	Massachusetts, (AMBAC), 5.50%, 8/1/30	$	1,148,950
	2,255	Milford, (FSA), 4.25%, 12/15/46		2,029,297


			$	3,178,247




Insured-Other Revenue — 3.7%

$	1,225	Massachusetts Development Finance Agency, (WGBH Educational Foundation), (AMBAC), 5.75%, 1/1/42	$	1,251,387


			$	1,251,387




Insured-Special Tax Revenue — 14.7%

$	1,450	Martha’s Vineyard Land Bank, (AMBAC), 5.00%, 5/1/32	$	1,455,568
	1,250	Massachusetts School Building Authority, Dedicated Sales Tax Revenue, (AMBAC), 5.00%, 8/15/37		1,266,712
	1,000	Massachusetts Special Obligation, Dedicated Tax Revenue, (FGIC), (NPFG), 5.50%, 1/1/29		1,032,800
	8,945	Puerto Rico Sales Tax Financing, (AMBAC), 0.00%, 8/1/54		494,569
	2,530	Puerto Rico Sales Tax Financing, (NPFG), 0.00%, 8/1/44		281,842
	3,015	Puerto Rico Sales Tax Financing, (NPFG), 0.00%, 8/1/45		314,676
	1,905	Puerto Rico Sales Tax Financing, (NPFG), 0.00%, 8/1/46		185,699


			$	5,031,866




Insured-Student Loan — 6.3%

$	600	Massachusetts Educational Financing Authority, (AGC), (AMT), 6.35%, 1/1/30	$	607,476
	1,985	Massachusetts Educational Financing Authority, (AMBAC), (AMT), 4.70%, 1/1/33		1,559,158


			$	2,166,634




Insured-Transportation — 5.4%

$	410	Massachusetts Port Authority, (Bosfuel Project), (FGIC), (NPFG), (AMT), 5.00%, 7/1/32	$	350,001
	1,820	Massachusetts Port Authority, (Bosfuel Project), (FGIC), (NPFG), (AMT), 5.00%, 7/1/38		1,499,898


			$	1,849,899




Nursing Home — 2.8%

$	500	Boston Industrial Development Authority, (Alzheimer’s Center), (FHA), 6.00%, 2/1/37	$	500,175
	565	Massachusetts Health and Educational Facilities Authority, (Christopher House), 6.875%, 1/1/29		475,024


			$	975,199




Senior Living / Life Care — 6.7%

$	250	Massachusetts Development Finance Agency, (Berkshire Retirement), 5.15%, 7/1/31	$	182,898
	1,500	Massachusetts Development Finance Agency, (Berkshire Retirement), 5.625%, 7/1/29		1,188,765
	140	Massachusetts Development Finance Agency, (First Mortgage VOA Concord), 5.125%, 11/1/27		95,658
	475	Massachusetts Development Finance Agency, (First Mortgage VOA Concord), 5.20%, 11/1/41		282,349
	910	Massachusetts Development Finance Agency, (Linden Ponds, Inc.), 5.75%, 11/15/42		554,090


			$	2,303,760

See notes to financial statements

Eaton Vance Massachusetts Municipal Income Trust as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D


Principal Amount
(000’s omitted)		Security	Value



Special Tax Revenue — 5.1%

$	1,665	Massachusetts Bay Transportation Authority, Sales Tax Revenue, 0.00%, 7/1/31	$	489,460
	5,195	Massachusetts Bay Transportation Authority, Sales Tax Revenue, 0.00%, 7/1/34		1,254,073


			$	1,743,533




Water and Sewer — 5.2%

$	215	Massachusetts Water Pollution Abatement Trust, 5.375%, 8/1/27	$	217,612
	2,000	Massachusetts Water Resources Authority, 4.00%, 8/1/46		1,566,640


			$	1,784,252



Total Tax-Exempt Investments — 165.4%
(identified cost $60,775,600)			$	56,658,644



Auction Preferred Shares Plus Cumulative
Unpaid Dividends — (58.5)%			$	(20,051,912	)



Other Assets, Less Liabilities — (6.9)%			$	(2,351,223	)



Net Assets Applicable to Common Shares — 100.0%			$	34,255,509

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.

NPFG - National Public Finance Guaranty Corp.

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 May 31, 2009, 31.1% 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 1.1% to 15.3% of total investments.


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

See notes to financial statements

Eaton Vance Michigan Municipal Income Trust as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited)


Tax-Exempt Investments — 166.9%

Principal Amount
(000’s omitted)		Security	Value



Education — 11.4%

$	525	Grand Valley State University, 5.625%, 12/1/29	$	541,348
	525	Grand Valley State University, 5.75%, 12/1/34		534,917
	1,250	Michigan Higher Education Facilities Authority, (Creative Studies), 5.90%, 12/1/27		1,406,525
	540	Michigan Higher Education Facilities Authority, (Hillsdale College), 5.00%, 3/1/35		483,214


			$	2,966,004




Electric Utilities — 2.9%

$	360	Michigan Strategic Fund, (Detroit Edison Pollution Control), 5.45%, 9/1/29	$	342,187
	435	Puerto Rico Electric Power Authority, 5.00%, 7/1/25		406,660


			$	748,847




Escrowed / Prerefunded — 17.5%

$	500	Kent Hospital Finance Authority, (Spectrum Health), Prerefunded to 7/15/11, 5.50%, 1/15/31	$	549,900
	560	Macomb County Hospital Finance Authority, (Mount Clemens General Hospital), Prerefunded to 11/15/13, 5.875%, 11/15/34		656,611
	750	Michigan Hospital Finance Authority, (Ascension Health Care), Prerefunded to 11/15/09, 6.125%, 11/15/26		776,903
	750	Michigan Hospital Finance Authority, (Sparrow Obligation Group), Prerefunded to 11/15/11, 5.625%, 11/15/36		838,987
	600	Puerto Rico Electric Power Authority, Prerefunded to 7/1/12, 5.25%, 7/1/31		677,382
	1,000	White Cloud Public Schools, Prerefunded to 5/1/11, 5.125%, 5/1/31		1,078,630


			$	4,578,413




General Obligations — 15.1%

$	500	East Grand Rapids Public School District, 5.00%, 5/1/25	$	517,775
	1,500	Kent County, 5.00%, 1/1/25		1,578,120
	750	Manistee Area Public Schools, 5.00%, 5/1/24		758,182
	270	Michigan, 5.50%, 11/1/25		283,900
	345	Puerto Rico Public Buildings Authority, (Commonwealth Guaranteed), 5.25%, 7/1/29		304,376
	500	Wayne Charter County, 5.70%, 8/1/38		509,610


			$	3,951,963




Health Care-Miscellaneous — 0.3%

$	100	Puerto Rico Infrastructure Financing Authority, (Mepsi Campus Project), 6.50%, 10/1/37	$	75,590


			$	75,590




Hospital — 25.4%

$	500	Allegan Hospital Finance Authority, (Allegan General Hospital), 7.00%, 11/15/21	$	463,400
	185	Gaylord Hospital Finance Authority, (Otsego Memorial Hospital Association), 6.20%, 1/1/25		152,965
	125	Gaylord Hospital Finance Authority, (Otsego Memorial Hospital Association), 6.50%, 1/1/37		94,483
	275	Kent Hospital Finance Authority, (Spectrum Health), 5.50% to 1/15/15 (Put Date), 1/15/47		285,890
	500	Mecosta County, (Michigan General Hospital), 6.00%, 5/15/18		436,725
	1,000	Michigan Hospital Finance Authority, (Central Michigan Community Hospital), 6.25%, 10/1/27		889,130
	750	Michigan Hospital Finance Authority, (Henry Ford Health System), 5.00%, 11/15/38		581,468
	1,000	Michigan Hospital Finance Authority, (Henry Ford Health System), 5.25%, 11/15/46		789,650
	1,080	Michigan Hospital Finance Authority, (McLaren Healthcare), 5.00%, 8/1/35		924,318
	750	Michigan Hospital Finance Authority, (Memorial Healthcare Center), 5.875%, 11/15/21		709,132
	1,000	Michigan Hospital Finance Authority, (Trinity Health), 6.00%, 12/1/27		1,023,040
	425	Monroe County Hospital Finance Authority, (Mercy Memorial Hospital Corp.), 5.375%, 6/1/26		289,748


			$	6,639,949




Housing — 3.7%

$	1,000	Michigan Housing Development Authority, (Williams Pavilion), (AMT), 4.90%, 4/20/48	$	969,550


			$	969,550




Industrial Development Revenue — 5.8%

$	1,000	Detroit Local Development Finance Authority, (Chrysler Corp.), 5.375%, 5/1/21	$	462,880
	800	Dickinson County Electronic Development Corp., (International Paper Co.), 5.75%, 6/1/16		764,280
	625	Puerto Rico Port Authority, (American Airlines, Inc.), (AMT), 6.25%, 6/1/26		289,087


			$	1,516,247

See notes to financial statements

Eaton Vance Michigan Municipal Income Trust as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D


Principal Amount
(000’s omitted)		Security	Value



Insured-Education — 2.2%

$	570	Ferris State University, (AGC), 5.125%, 10/1/33	$	575,227


			$	575,227




Insured-Electric Utilities — 7.8%

$	1,000	Michigan Strategic Fund, (Detroit Edison Co.), (NPFG), (AMT), 5.55%, 9/1/29	$	879,450
	500	Michigan Strategic Fund, (Detroit Edison Co.), (XLCA), 5.25%, 12/15/32		462,495
	220	Puerto Rico Electric Power Authority, (FGIC), (NPFG), 5.25%, 7/1/30		212,375
	500	Puerto Rico Electric Power Authority, (FGIC), (NPFG), 5.25%, 7/1/34		472,045


			$	2,026,365




Insured-Escrowed / Prerefunded — 12.4%

$	1,000	Detroit Sewer Disposal, (FGIC), Prerefunded to 7/1/11, 5.125%, 7/1/31	$	1,084,940
	2,000	Novi Building Authority, (FSA), Prerefunded to 10/1/10, 5.50%, 10/1/25		2,148,480


			$	3,233,420




Insured-General Obligations — 10.9%

$	650	Detroit City School District, (FGIC), 4.75%, 5/1/28	$	601,003
	750	Detroit City School District, (FSA), 5.25%, 5/1/32		702,532
	200	Eaton Rapids Public Schools, (NPFG), 4.75%, 5/1/25		200,158
	100	Lincoln Consolidated School District, (FSA), 5.00%, 5/1/10		104,078
	1,250	Van Dyke Public Schools, (FSA), 5.00%, 5/1/38		1,236,750


			$	2,844,521




Insured-Hospital — 7.0%

$	1,000	Royal Oak Hospital Finance Authority, (William Beaumont Hospital), (NPFG), 5.25%, 11/15/35	$	859,870
	1,000	Saginaw Hospital Finance Authority, (Covenant Medical Center), (NPFG), 5.50%, 7/1/24		967,120


			$	1,826,990





Insured-Lease Revenue / Certificates of Participation — 5.3%

$	1,000	Michigan Building Authority, (FGIC), (FSA), 0.00%, 10/15/29	$	277,000
	4,300	Michigan Building Authority, (FGIC), (NPFG), 0.00%, 10/15/30		1,103,165


			$	1,380,165




Insured-Special Tax Revenue — 11.6%

$	5,160	Puerto Rico Sales Tax Financing, (AMBAC), 0.00%, 8/1/54	$	285,296
	2,030	Puerto Rico Sales Tax Financing, (NPFG), 0.00%, 8/1/44		226,142
	2,430	Puerto Rico Sales Tax Financing, (NPFG), 0.00%, 8/1/45		253,619
	1,470	Puerto Rico Sales Tax Financing, (NPFG), 0.00%, 8/1/46		143,296
	2,250	Wayne Charter County, (Airport Hotel-Detroit Metropolitan Airport), (NPFG), 5.00%, 12/1/30		2,122,673


			$	3,031,026




Insured-Student Loan — 6.7%

$	1,000	Michigan Higher Education Student Loan Authority, (AMBAC), (AMT), 5.00%, 3/1/31	$	823,490
	1,000	Michigan Higher Education Student Loan Authority, (AMBAC), (AMT), 5.50%, 6/1/25		919,120


			$	1,742,610




Insured-Transportation — 4.2%

$	1,000	Wayne Charter County Airport, (AGC), (AMT), 5.375%, 12/1/32	$	865,400
	300	Wayne Charter County Airport, (NPFG), (AMT), 5.00%, 12/1/28		245,493


			$	1,110,893




Insured-Water and Sewer — 7.6%

$	1,650	Detroit Water Supply System, (FGIC), (NPFG), 5.00%, 7/1/30	$	1,479,390
	500	Grand Rapids Water Supply System, (AGC), 5.10%, 1/1/39		494,700


			$	1,974,090




Lease Revenue / Certificates of Participation — 1.0%

$	250	Puerto Rico, (Guaynabo Municipal Government Center Lease), 5.625%, 7/1/22	$	250,083


			$	250,083




Other Revenue — 1.3%

$	500	Michigan Tobacco Settlement Finance Authority, 6.00%, 6/1/48	$	347,625


			$	347,625

See notes to financial statements

Eaton Vance Michigan Municipal Income Trust as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D


Principal Amount
(000’s omitted)		Security	Value



Transportation — 5.8%

$	1,500	Kent County Airport Facility, 5.00%, 1/1/25⁽¹⁾	$	1,517,445


			$	1,517,445




Water and Sewer — 1.0%

$	250	Michigan Municipal Bond Authority, (Clean Water Revenue), 5.25%, 10/1/11⁽²⁾	$	273,218


			$	273,218



Total Tax-Exempt Investments — 166.9%
(identified cost $46,421,911)			$	43,580,241



Auction Preferred Shares Plus Cumulative
Unpaid Dividends — (67.0)%			$	(17,500,993	)



Other Assets, Less Liabilities — 0.1%			$	30,589



Net Assets Applicable to Common Shares — 100.0%			$	26,109,837

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.

NPFG - National Public Finance Guaranty Corp.

XLCA - XL Capital Assurance, Inc.

The Trust invests primarily in debt securities issued by Michigan 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 May 31, 2009, 45.3% 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 1.1% to 21.0% 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 to cover margin requirements on open financial futures contracts.

See notes to financial statements

Eaton Vance New Jersey Municipal Income Trust as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited)


Tax-Exempt Investments — 177.9%

Principal Amount
(000’s omitted)		Security	Value



Education — 16.1%

$	250	New Jersey Educational Facilities Authority, (Georgian Court University), 5.00%, 7/1/27	$	220,483
	250	New Jersey Educational Facilities Authority, (Georgian Court University), 5.00%, 7/1/33		203,610
	220	New Jersey Educational Facilities Authority, (Georgian Court University), 5.25%, 7/1/37		181,524
	3,500	New Jersey Educational Facilities Authority, (Princeton University), 4.50%, 7/1/38⁽¹⁾		3,449,635
	1,105	New Jersey Educational Facilities Authority, (Stevens Institute of Technology), 5.00%, 7/1/27		974,533
	965	New Jersey Educational Facilities Authority, (University of Medicine and Dentistry), 7.50%, 12/1/32		1,007,759
	3,150	Rutgers State University, 5.00%, 5/1/39⁽¹⁾		3,231,700


			$	9,269,244




Electric Utilities — 2.9%

$	270	Puerto Rico Electric Power Authority, 5.00%, 7/1/37	$	234,522
	1,500	Salem County Pollution Control Financing, (Public Service Enterprise Group, Inc.), (AMT), 5.75%, 4/1/31		1,426,560


			$	1,661,082




General Obligations — 4.5%

$	1,210	Gloucester County Improvement Authority, (Landfill Project), 4.50%, 3/1/30	$	1,185,921
	1,595	Puerto Rico Public Buildings Authority, (Commonwealth Guaranteed), 5.25%, 7/1/29		1,407,189


			$	2,593,110




Health Care-Miscellaneous — 0.4%

$	300	Puerto Rico Infrastructure Financing Authority, (Mepsi Campus Project), 6.50%, 10/1/37	$	226,770


			$	226,770




Hospital — 27.2%

$	90	Camden County Improvement Authority, (Cooper Health System), 5.00%, 2/15/35	$	62,237
	100	Camden County Improvement Authority, (Cooper Health System), 5.25%, 2/15/27		77,683
	2,750	Camden County Improvement Authority, (Cooper Health System), 5.75%, 2/15/34		2,081,585
	2,060	New Jersey Health Care Facilities Financing Authority, (AHS Hospital Corp.), 5.00%, 7/1/27		1,940,561
	3,000	New Jersey Health Care Facilities Financing Authority, (Atlanticare Regional Medical Center), 5.00%, 7/1/37		2,703,540
	2,000	New Jersey Health Care Facilities Financing Authority, (Hackensack University Medical Center), 6.00%, 1/1/34		1,989,700
	1,525	New Jersey Health Care Facilities Financing Authority, (Kennedy Health System), 5.625%, 7/1/31		1,482,666
	1,750	New Jersey Health Care Facilities Financing Authority, (Robert Wood Johnson University Hospital), 5.75%, 7/1/31		1,747,725
	2,930	New Jersey Health Care Facilities Financing Authority, (South Jersey Hospital), 5.00%, 7/1/46		2,513,266
	1,075	New Jersey Health Care Facilities Financing Authority, (Virtua Health), 5.75%, 7/1/33		1,079,838


			$	15,678,801




Housing — 8.2%

$	715	New Jersey Housing and Mortgage Finance Agency, (Single Family Housing), (AMT), 4.70%, 10/1/37	$	615,736
	4,490	New Jersey Housing and Mortgage Finance Agency, (Single Family Housing), (AMT), 5.00%, 10/1/37		4,115,085


			$	4,730,821




Industrial Development Revenue — 13.3%

$	1,000	Gloucester County Improvements Authority, (Waste Management, Inc.), (AMT), 7.00% to 12/1/09 (Put Date), 12/1/29	$	1,013,980
	500	Middlesex County Pollution Control Authority, (Amerada Hess), 5.75%, 9/15/32		488,355
	800	Middlesex County Pollution Control Authority, (Amerada Hess), 6.05%, 9/15/34		809,904
	3,220	New Jersey Economic Development Authority, (Anheuser-Busch Cos., Inc.), (AMT), 4.95%, 3/1/47		2,315,534
	750	New Jersey Economic Development Authority, (Continental Airlines), (AMT), 6.25%, 9/15/29		592,538
	750	New Jersey Economic Development Authority, (Continental Airlines), (AMT), 9.00%, 6/1/33		756,352
	2,080	Virgin Islands Public Financing Authority, (HOVENSA LLC), (AMT), 4.70%, 7/1/22		1,706,016


			$	7,682,679

See notes to financial statements

Eaton Vance New Jersey Municipal Income Trust as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D


Principal Amount
(000’s omitted)		Security	Value



Insured-Education — 6.0%

$	3,365	New Jersey Educational Facilities Authority, (College of New Jersey), (FSA), 5.00%, 7/1/35⁽¹⁾	$	3,446,332


			$	3,446,332




Insured-Electric Utilities — 2.1%

$	1,250	Vineland, (Electric Utility), (NPFG), (AMT), 5.25%, 5/15/26	$	1,215,787


			$	1,215,787




Insured-Gas Utilities — 8.4%

$	5,000	New Jersey Economic Development Authority, (New Jersey Natural Gas Co.), (FGIC), (NPFG), (AMT), 4.90% to 10/1/25 (Put Date), 10/1/40	$	4,857,300


			$	4,857,300




Insured-General Obligations — 5.4%

$	760	Egg Harbor Township School District, (FSA), 3.50%, 4/1/28	$	643,994
	1,240	Lakewood Township, (AGC), 5.75%, 11/1/31		1,358,916
	1,100	Woodbridge Township, (FSA), 4.10%, 2/1/20		1,137,763


			$	3,140,673




Insured-Hospital — 7.8%

$	750	New Jersey Health Care Facilities Financing Authority, (Hackensack University Medical Center), (AGC), 5.25%, 1/1/36⁽¹⁾	$	754,598
	1,905	New Jersey Health Care Facilities Financing Authority, (Meridian Health Center), Series II, (AGC), 5.00%, 7/1/38		1,870,519
	500	New Jersey Health Care Facilities Financing Authority, (Meridian Health Center), Series V, (AGC), 5.00%, 7/1/38⁽¹⁾		490,950
	1,380	New Jersey Health Care Facilities Financing Authority, (Virtua Health), (AGC), 5.50%, 7/1/38		1,377,930


			$	4,493,997




Insured-Housing — 5.5%

$	3,390	New Jersey Housing and Mortgage Finance Agency, (Multi-Family Housing), (FSA), (AMT), 5.05%, 5/1/34	$	3,162,497


			$	3,162,497




Insured-Industrial Development Revenue — 1.3%

$	885	New Jersey Economic Development Authority, (New Jersey American Water Co, Inc.), (FGIC), (NPFG), (AMT), 5.25%, 7/1/38	$	736,240


			$	736,240




Insured-Lease Revenue / Certificates of Participation — 2.8%

$	1,500	New Jersey Economic Development Authority, (School Facilities Construction), (AGC), 5.50%, 12/15/34	$	1,598,775


			$	1,598,775




Insured-Other Revenue — 1.8%

$	1,015	Hudson County Improvement Authority, (Harrison Parking), (AGC), 5.25%, 1/1/39	$	1,039,533


			$	1,039,533




Insured-Special Tax Revenue — 13.3%

$	6,000	Garden Preservation Trust and Open Space and Farmland, (FSA), 0.00%, 11/1/25	$	2,771,040
	4,315	New Jersey Economic Development Authority, (Motor Vehicle Surcharges), (XLCA), 0.00%, 7/1/26		1,621,534
	2,020	New Jersey Economic Development Authority, (Motor Vehicle Surcharges), (XLCA), 0.00%, 7/1/27		701,404
	1,000	Puerto Rico Infrastructure Financing Authority, (AMBAC), 5.50%, 7/1/23		953,750
	7,185	Puerto Rico Sales Tax Financing, (AMBAC), 0.00%, 8/1/54		397,259
	2,745	Puerto Rico Sales Tax Financing, (NPFG), 0.00%, 8/1/44		305,793
	5,445	Puerto Rico Sales Tax Financing, (NPFG), 0.00%, 8/1/45		568,295
	3,425	Puerto Rico Sales Tax Financing, (NPFG), 0.00%, 8/1/46		333,869


			$	7,652,944




Insured-Student Loan — 3.6%

$	2,000	New Jersey Higher Education Assistance Authority, (AGC), 6.125%, 6/1/30	$	2,067,760


			$	2,067,760




Insured-Transportation — 2.7%

$	5,570	New Jersey Transportation Trust Fund Authority, (Transportation System), (BHAC), (FGIC), 0.00%, 12/15/31	$	1,552,415


			$	1,552,415

See notes to financial statements

Eaton Vance New Jersey Municipal Income Trust as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D


Principal Amount
(000’s omitted)		Security	Value



Insured-Water and Sewer — 5.0%

$	3,195	New Jersey Economic Development Authority, (United Water New Jersey, Inc.), (AMBAC), (AMT), 4.875%, 11/1/25⁽²⁾	$	2,906,651


			$	2,906,651




Lease Revenue / Certificates of Participation — 7.0%

$	1,500	New Jersey Economic Development Authority, (School Facilities Construction), 5.25%, 12/15/33⁽³⁾	$	1,500,000
	2,500	New Jersey Health Care Facilities Financing Authority, (Contract Hospital Asset Transportation Program), 5.25%, 10/1/38		2,516,325


			$	4,016,325




Other Revenue — 9.0%

$	7,200	Children’s Trust Fund, PR, Tobacco Settlement, 0.00%, 5/15/50	$	230,760
	13,280	Children’s Trust Fund, PR, Tobacco Settlement, 0.00%, 5/15/55		218,456
	2,700	New Jersey Economic Development Authority, (Duke Farms Foundation), 5.00%, 7/1/48⁽¹⁾		2,757,415
	4,270	Tobacco Settlement Financing Corp., 0.00%, 6/1/41		199,196
	2,925	Tobacco Settlement Financing Corp., 5.00%, 6/1/41		1,770,766


			$	5,176,593




Senior Living / Life Care — 2.7%

$	465	New Jersey Economic Development Authority, (Cranes Mill, Inc.), 5.875%, 7/1/28	$	395,594
	770	New Jersey Economic Development Authority, (Cranes Mill, Inc.), 6.00%, 7/1/38		626,341
	815	New Jersey Economic Development Authority, (Seabrook Village), 5.25%, 11/15/36		528,634


			$	1,550,569




Special Tax Revenue — 1.4%

$	750	New Jersey Economic Development Authority, (Cigarette Tax), 5.50%, 6/15/31	$	588,082
	100	New Jersey Economic Development Authority, (Newark Downtown District Management Corp.), 5.125%, 6/15/27		80,426
	175	New Jersey Economic Development Authority, (Newark Downtown District Management Corp.), 5.125%, 6/15/37		129,670


			$	798,178




Transportation — 19.5%

$	1,000	New Jersey Transportation Trust Fund Authority, (Transportation System), 5.875%, 12/15/38	$	1,077,550
	815	New Jersey Transportation Trust Fund Authority, (Transportation System), 6.00%, 12/15/38		885,913
	2,600	New Jersey Turnpike Authority, 5.25%, 1/1/40		2,646,930
	2,500	Port Authority of New York and New Jersey, 4.50%, 11/1/33		2,392,725
	1,070	Port Authority of New York and New Jersey, 5.00%, 9/1/38		1,075,050
	1,995	Port Authority of New York and New Jersey, (AMT), 5.75%, 3/15/35⁽¹⁾		2,017,863
	1,175	South Jersey Port Authority, (Marine Terminal), 5.10%, 1/1/33		1,178,760


			$	11,274,791



Total Tax-Exempt Investments — 177.9%
(identified cost $109,009,960)			$	102,529,867



Auction Preferred Shares Plus Cumulative
Unpaid Dividends — (58.0)%			$	(33,426,095	)



Other Assets, Less Liabilities — (19.9)%			$	(11,480,376	)



Net Assets Applicable to Common Shares — 100.0%			$	57,623,396

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.

NPFG - National Public Finance Guaranty Corp.

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 May 31, 2009, 36.9% 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 1.5% to 10.9% 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 segregated to cover payable for when-issued securities.

(3)		When-issued security.

See notes to financial statements

Eaton Vance New York Municipal Income Trust as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited)


Tax-Exempt Investments — 171.2%

Principal Amount
(000’s omitted)		Security	Value



Cogeneration — 1.3%

$	1,150	Suffolk County Industrial Development Agency, (Nissequogue Cogeneration Partners Facility), (AMT), 5.50%, 1/1/23	$	823,423


			$	823,423




Education — 11.4%

$	315	Geneva Industrial Development Agency, (Hobart & William Smith Project), 5.375%, 2/1/33	$	315,129
	975	New York City Cultural Resource Trust, (The Juilliard School), 5.00%, 1/1/34		995,066
	1,000	New York Dormitory Authority, (Columbia University), 5.00%, 7/1/38⁽¹⁾		1,036,920
	510	New York Dormitory Authority, (Cornell University), 5.00%, 7/1/34		527,131
	2,000	New York Dormitory Authority, (Cornell University), 5.00%, 7/1/39		2,054,160
	2,250	New York Dormitory Authority, (Rochester Institute of Technology), 6.00%, 7/1/33		2,378,947


			$	7,307,353




Electric Utilities — 5.3%

$	1,420	Long Island Power Authority, Electric System Revenue, 6.00%, 5/1/33	$	1,561,446
	2,100	Suffolk County Industrial Development Agency, (Keyspan-Port Jefferson), (AMT), 5.25%, 6/1/27		1,854,237


			$	3,415,683




Escrowed / Prerefunded — 0.3%

$	200	New York City Industrial Development Agency, (Ohel Children’s Home), Escrowed to Maturity, 6.25%, 8/15/22	$	205,884


			$	205,884




General Obligations — 12.1%

$	6,000	New York City, 5.25%, 9/15/33⁽²⁾	$	6,058,260
	1,000	New York City, 6.25%, 10/15/28		1,115,600
	680	Puerto Rico Public Buildings Authority, (Commonwealth Guaranteed), 5.25%, 7/1/29		599,930


			$	7,773,790




Health Care-Miscellaneous — 6.4%

$	1,115	New York City Industrial Development Agency, (A Very Special Place, Inc.), 5.75%, 1/1/29	$	824,297
	1,200	New York City Industrial Development Agency, (Ohel Children’s Home), 6.25%, 8/15/22		863,640
	200	Puerto Rico Infrastructure Financing Authority, (Mepsi Campus Project), 6.50%, 10/1/37		151,180
	50	Suffolk County Industrial Development Agency, (Alliance of LI), Series A, Class H, 7.50%, 9/1/15		49,446
	100	Suffolk County Industrial Development Agency, (Alliance of LI), Series A, Class I, 7.50%, 9/1/15		98,892
	2,600	Westchester County Industrial Development Agency, (Children’s Village), 5.375%, 3/15/19		2,132,234


			$	4,119,689




Hospital — 28.1%

$	190	Chautauqua County Industrial Development Agency, (Women’s Christian Association), 6.35%, 11/15/17	$	169,172
	485	Chautauqua County Industrial Development Agency, (Women’s Christian Association), 6.40%, 11/15/29		367,227
	1,250	Fulton County Industrial Development Agency, (Nathan Littauer Hospital), 6.00%, 11/1/18		1,053,288
	2,500	Monroe County Industrial Development Agency, (Highland Hospital), 5.00%, 8/1/25		2,097,000
	400	Nassau County Industrial Development Agency, (North Shore Health System), 6.25%, 11/1/21		410,156
	1,500	New York Dormitory Authority, (Lenox Hill Hospital), 5.50%, 7/1/30		1,137,480
	4,000	New York Dormitory Authority, (Memorial Sloan-Kettering Cancer Center), 5.00%, 7/1/36⁽²⁾		3,924,160
	2,000	New York Dormitory Authority, (Methodist Hospital), 5.25%, 7/1/33		1,490,140
	845	New York Dormitory Authority, (North Shore Hospital), 5.00%, 11/1/34		775,592
	1,250	New York Dormitory Authority, (NYU Hospital Center), 5.625%, 7/1/37		1,102,275
	415	New York Dormitory Authority, (Orange Regional Medical Center), 6.125%, 12/1/29		330,020
	835	New York Dormitory Authority, (Orange Regional Medical Center), 6.25%, 12/1/37		623,695
	950	New York Dormitory Authority, (St. Lukes Roosevelt Hospital), 4.90%, 8/15/31		894,748
	1,250	Oneida County Industrial Development Agency, (St. Elizabeth’s Medical Center), 5.75%, 12/1/19		1,021,775
	650	Saratoga County Industrial Development Agency, (Saratoga Hospital), 5.25%, 12/1/32		544,583
	2,105	Suffolk County Industrial Development Agency, (Huntington Hospital), 6.00%, 11/1/22		2,104,874


			$	18,046,185

See notes to financial statements

Eaton Vance New York Municipal Income Trust as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D


Principal Amount
(000’s omitted)		Security	Value



Housing — 18.1%

$	1,500	New York City Housing Development Corp., (Multi-Family Housing), (AMT), 5.05%, 11/1/39	$	1,386,225
	2,620	New York City Housing Development Corp., (Multi-Family Housing), (AMT), 5.20%, 11/1/40		2,462,066
	1,000	New York Housing Finance Agency, 5.25%, 11/1/41		989,200
	2,625	New York Housing Finance Agency, (FNMA), (AMT), 5.40%, 11/15/42		2,651,565
	1,500	New York Mortgage Agency, (AMT), 4.875%, 10/1/30		1,386,540
	2,000	New York Mortgage Agency, (AMT), 4.90%, 10/1/37		1,778,800
	1,000	New York Mortgage Agency, (AMT), 5.125%, 10/1/37		936,870


			$	11,591,266




Industrial Development Revenue — 13.9%

$	1,000	Essex County Industrial Development Agency, (International Paper Company), (AMT), 6.625%, 9/1/32	$	833,540
	2,525	Liberty Development Corp., (Goldman Sachs Group, Inc.), 5.25%, 10/1/35⁽²⁾		2,366,098
	1,500	New York Industrial Development Agency, (American Airlines, Inc. — JFK International Airport), (AMT), 8.00%, 8/1/12		1,462,095
	1,000	Onondaga County Industrial Development Agency, (Anheuser-Busch Cos., Inc.), 4.875%, 7/1/41		885,730
	2,500	Onondaga County Industrial Development Agency, (Anheuser-Busch Cos., Inc.), (AMT), 6.25%, 12/1/34		2,323,125
	775	Onondaga County Industrial Development Agency, (Senior Air Cargo), (AMT), 6.125%, 1/1/32		571,818
	495	Port Authority of New York and New Jersey, (Continental Airlines), (AMT), 9.125%, 12/1/15		495,446


			$	8,937,852




Insured-Education — 6.3%

$	1,250	New York Dormitory Authority, (City University), (AMBAC), 5.50%, 7/1/35	$	1,134,500
	1,500	New York Dormitory Authority, (State University), (BHAC), 5.00%, 7/1/38		1,516,320
	5,460	Oneida County Industrial Development Agency, (Hamilton College), (NPFG), 0.00%, 7/1/33		1,357,520


			$	4,008,340




Insured-Electric Utilities — 2.3%

$	1,365	Long Island Power Authority, Electric System Revenue, (BHAC), 5.75%, 4/1/33	$	1,502,769


			$	1,502,769




Insured-General Obligations — 1.5%

$	910	New Rochelle City School District, (AGC), 4.00%, 11/15/21	$	935,799


			$	935,799




Insured-Lease Revenue / Certificates of Participation — 4.5%

$	3,600	Hudson Yards Infrastructure Corp., (NPFG), 4.50%, 2/15/47	$	2,914,524


			$	2,914,524




Insured-Other Revenue — 2.6%

$	2,645	New York City Industrial Development Agency, (Yankee Stadium), (AGC), 0.00%, 3/1/31	$	724,756
	3,625	New York City Industrial Development Agency, (Yankee Stadium), (AGC), 0.00%, 3/1/32		931,770


			$	1,656,526




Insured-Special Tax Revenue — 7.8%

$	1,000	New York Convention Center Development Corp., Hotel Occupancy Tax, (AMBAC), 4.75%, 11/15/45	$	835,040
	1,000	New York Convention Center Development Corp., Hotel Occupancy Tax, (AMBAC), 5.00%, 11/15/44		891,280
	4,500	Puerto Rico Infrastructure Financing Authority, (AMBAC), 0.00%, 7/1/34		686,565
	19,745	Puerto Rico Sales Tax Financing, (AMBAC), 0.00%, 8/1/54		1,091,701
	3,380	Puerto Rico Sales Tax Financing, (NPFG), 0.00%, 8/1/44		376,532
	6,705	Puerto Rico Sales Tax Financing, (NPFG), 0.00%, 8/1/45		699,801
	4,225	Puerto Rico Sales Tax Financing, (NPFG), 0.00%, 8/1/46		411,853


			$	4,992,772




Insured-Transportation — 9.0%

$	6,235	Niagara Frontier Airport Authority, (Buffalo Niagara International Airport), (NPFG), (AMT), 5.625%, 4/1/29	$	5,761,514


			$	5,761,514

See notes to financial statements

Eaton Vance New York Municipal Income Trust as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D


Principal Amount
(000’s omitted)		Security	Value



Insured-Water and Sewer — 1.3%

$	1,000	Nassau County Industrial Development Agency, (Water Services Corp.), (AMBAC), (AMT), 5.00%, 12/1/35	$	849,400


			$	849,400




Lease Revenue / Certificates of Participation — 5.0%

$	2,500	New York City Transitional Finance Authority, (Building Aid), 4.50%, 1/15/38	$	2,170,550
	1,000	New York City Transitional Finance Authority, (Building Aid), 5.50%, 7/15/31		1,029,570


			$	3,200,120




Other Revenue — 1.5%

$	1,285	Albany Industrial Development Agency, Civic Facility, (Charitable Leadership), 5.75%, 7/1/26	$	990,298


			$	990,298




Senior Living / Life Care — 2.9%

$	1,450	Mount Vernon Industrial Development Agency, (Wartburg Senior Housing, Inc.), 6.20%, 6/1/29	$	1,128,970
	900	Suffolk County Industrial Development Agency, (Jefferson’s Ferry Project), 5.00%, 11/1/28		696,123


			$	1,825,093




Special Tax Revenue — 1.6%

$	1,000	New York Dormitory Authority, Personal Income Tax Revenue, (University & College Improvements), 5.25%, 3/15/38	$	1,024,550


			$	1,024,550




Transportation — 17.3%

$	1,700	Metropolitan Transportation Authority, 4.50%, 11/15/37	$	1,472,183
	3,200	Metropolitan Transportation Authority, 4.50%, 11/15/38		2,786,048
	1,900	Port Authority of New York and New Jersey, 5.00%, 11/15/37⁽²⁾		1,924,814
	1,190	Port Authority of New York and New Jersey, (AMT), 4.75%, 6/15/33		1,058,648
	990	Port Authority of New York and New Jersey, (AMT), 5.75%, 3/15/35⁽²⁾		1,001,345
	2,750	Triborough Bridge and Tunnel Authority, 5.25%, 11/15/34		2,836,818


			$	11,079,856




Water and Sewer — 10.7%

$	3,105	New York City Municipal Water Finance Authority, 5.75%, 6/15/40	$	3,336,975
	2,535	New York Environmental Facilities Corp., Clean Water, (Municipal Water Finance), 5.00%, 6/15/37⁽²⁾		2,584,838
	5	New York Environmental Facilities Corp., Clean Water, (Municipal Water Finance), 5.00%, 6/15/37		5,098
	1,000	Saratoga County Water Authority, 5.00%, 9/1/48		959,650


			$	6,886,561



Total Tax-Exempt Investments — 171.2%
(identified cost $118,524,977)			$	109,849,247



Auction Preferred Shares Plus Cumulative
Unpaid Dividends — (52.6)%			$	(33,726,431	)



Other Assets, Less Liabilities — (18.6)%			$	(11,940,830	)



Net Assets Applicable to Common Shares — 100.0%			$	64,181,986

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.

FNMA - Federal National Mortgage Association

NPFG - National Public Finance Guaranty Corp.

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 May 31, 2009, 20.6% 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 2.4% to 10.5% of total investments.


(1)		Security (or a portion thereof) has been pledged 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).

See notes to financial statements

Eaton Vance Ohio Municipal Income Trust as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited)


Tax-Exempt Investments — 163.1%

Principal Amount
(000’s omitted)		Security	Value



Cogeneration — 1.4%

$	385	Ohio Water Development Authority, Solid Waste Disposal, (Bay Shore Power), (AMT), 5.875%, 9/1/20	$	310,830
	200	Ohio Water Development Authority, Solid Waste Disposal, (Bay Shore Power), (AMT), 6.625%, 9/1/20		172,160


			$	482,990




Electric Utilities — 1.0%

$	360	Clyde, Electric System Revenue, (AMT), 6.00%, 11/15/14	$	350,939


			$	350,939




Escrowed / Prerefunded — 8.0%

$	1,000	Delaware County, Prerefunded to 12/1/10, 6.00%, 12/1/25	$	1,088,940
	1,000	Hamilton City School District, Prerefunded to 12/1/09, 5.625%, 12/1/24		1,036,500
	670	Richland County Hospital Facilities, (Medcentral Health Systems), Prerefunded to 11/15/10, 6.375%, 11/15/22		729,121


			$	2,854,561




General Obligations — 7.4%

$	1,000	Barberton City School District, 4.50%, 12/1/33	$	944,650
	1,090	Central Ohio Solid Waste Authority, 5.125%, 9/1/27		1,146,930
	500	Columbus, 5.00%, 7/1/23⁽¹⁾		531,435


			$	2,623,015




Health Care-Miscellaneous — 0.2%

$	100	Puerto Rico Infrastructure Financing Authority, (Mepsi Campus Project), 6.50%, 10/1/37	$	75,590


			$	75,590




Hospital — 10.8%

$	600	Erie County Hospital Facilities, (Firelands Regional Medical Center), 5.25%, 8/15/46	$	457,992
	1,500	Erie County Hospital Facilities, (Firelands Regional Medical Center), 5.625%, 8/15/32		1,280,055
	500	Miami County, (Upper Valley Medical Center), 5.25%, 5/15/26		420,015
	750	Ohio Higher Educational Facilities Authority, (University Hospital Health Systems, Inc.), 4.75%, 1/15/36		591,915
	1,000	Ohio Higher Educational Facilities Authority, (University Hospital Health Systems, Inc.), 4.75%, 1/15/46		758,780
	330	Richland County Hospital Facilities, (Medcentral Health Systems), 6.375%, 11/15/22		336,854


			$	3,845,611




Housing — 13.2%

$	1,000	Ohio Housing Finance Agency, (Residential Mortgage Backed Securities), (AMT), 4.625%, 9/1/27	$	903,120
	1,000	Ohio Housing Finance Agency, (Residential Mortgage Backed Securities), (AMT), 4.75%, 3/1/37		869,530
	600	Ohio Housing Finance Agency, (Residential Mortgage Backed Securities), (AMT), 5.00%, 9/1/31		559,524
	2,500	Ohio Housing Finance Agency, (Uptown Community Partners), (AMT), 5.25%, 4/20/48		2,362,575


			$	4,694,749




Industrial Development Revenue — 12.5%

$	1,385	Cleveland Airport, (Continental Airlines), (AMT), 5.375%, 9/15/27	$	936,080
	1,300	Dayton Special Facilities Revenue, (Emery Air Freight), 5.625%, 2/1/18		1,309,321
	2,250	Ohio Water Development Authority, (Anheuser-Busch Cos., Inc.), (AMT), 6.00%, 8/1/38		1,991,722
	225	Ohio Water Development Authority, Solid Waste Disposal, (Allied Waste North America, Inc.), (AMT), 5.15%, 7/15/15		214,466


			$	4,451,589




Insured-Education — 7.3%

$	730	Miami University, (AMBAC), 3.25%, 9/1/26	$	570,371
	1,500	University of Akron, Series A, (FSA), 5.00%, 1/1/38		1,505,130
	500	University of Akron, Series B, (FSA), 5.00%, 1/1/38		501,710


			$	2,577,211




Insured-Electric Utilities — 17.0%

$	1,000	American Municipal Power-Ohio, Inc., (Prairie State Energy Campus), (AGC), 5.75%, 2/15/39	$	1,036,720
	710	Cleveland Public Power System, (NPFG), 0.00%, 11/15/27		268,132
	2,000	Cleveland Public Power System, (NPFG), 0.00%, 11/15/38		372,800

See notes to financial statements

Eaton Vance Ohio Municipal Income Trust as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D


Principal Amount
(000’s omitted)		Security	Value


Insured-Electric Utilities (continued)


$	830	Ohio Municipal Electric Generation Agency, (NPFG), 0.00%, 2/15/25	$	337,005
	3,000	Ohio Municipal Electric Generation Agency, (NPFG), 0.00%, 2/15/26		1,129,800
	2,225	Ohio Water Development Authority, (Dayton Power & Light), (FGIC), 4.80%, 1/1/34		1,960,714
	210	Puerto Rico Electric Power Authority, (FGIC), (NPFG), 5.25%, 7/1/30		202,721
	250	Puerto Rico Electric Power Authority, (FGIC), (NPFG), 5.25%, 7/1/34		236,023
	500	Puerto Rico Electric Power Authority, (NPFG), 5.25%, 7/1/26		491,675


			$	6,035,590




Insured-Escrowed / Prerefunded — 5.3%

$	245	Cuyahoga County Hospital, (Cleveland Clinic), (NPFG), Escrowed to Maturity, 5.125%, 1/1/29	$	248,199
	1,000	Ohio Higher Educational Facilities, (University of Dayton), (AMBAC), Prerefunded to 12/1/10, 5.50%, 12/1/30		1,075,010
	500	University of Cincinnati, (FGIC), Prerefunded to 6/1/11, 5.25%, 6/1/24		546,515


			$	1,869,724




Insured-General Obligations — 16.9%

$	280	Bowling Green City School District, (FSA), 5.00%, 12/1/34	$	280,549
	200	Brookfield Local School District, (FSA), 5.00%, 1/15/30		204,632
	500	Buckeye Valley Local School District, (AGC), 5.00%, 12/1/36		501,875
	2,455	Canal Winchester Local School District, (NPFG), 0.00%, 12/1/30		722,236
	1,500	Madeira City School District, (FSA), 3.50%, 12/1/27		1,264,260
	1,750	Milford Exempt Village School District, (AGC), 5.25%, 12/1/36		1,796,095
	500	Olmsted Falls City School District, (XLCA), 5.00%, 12/1/35		482,910
	750	St. Mary’s School District, (FSA), 5.00%, 12/1/35		742,388


			$	5,994,945




Insured-Hospital — 8.9%

$	255	Cuyahoga County, (Cleveland Clinic), (NPFG), 5.125%, 1/1/29	$	255,054
	980	Hamilton County, (Cincinnati Children’s Hospital), (FGIC), (NPFG), 5.00%, 5/15/32		917,731
	1,500	Hamilton County, (Cincinnati Children’s Hospital), (FGIC), (NPFG), 5.125%, 5/15/28		1,460,055
	485	Lorain County, (Catholic Healthcare Partners), (FSA), Variable Rate, 17.408%, 2/1/29^(2)(3)(4)		507,261


			$	3,140,101




Insured-Lease Revenue / Certificates of Participation — 1.3%

$	500	Summit County, (Civic Theater Project), (AMBAC), 5.00%, 12/1/33	$	471,700


			$	471,700




Insured-Special Tax Revenue — 4.7%

$	405	Hamilton County, Sales Tax Revenue, (AMBAC), 5.25%, 12/1/32	$	393,814
	9,905	Puerto Rico Sales Tax Financing, (AMBAC), 0.00%, 8/1/54		547,647
	1,690	Puerto Rico Sales Tax Financing, (NPFG), 0.00%, 8/1/44		188,266
	3,350	Puerto Rico Sales Tax Financing, (NPFG), 0.00%, 8/1/45		349,640
	2,100	Puerto Rico Sales Tax Financing, (NPFG), 0.00%, 8/1/46		204,708


			$	1,684,075




Insured-Transportation — 7.6%

$	385	Cleveland Airport System, (FSA), 5.00%, 1/1/31	$	385,100
	1,000	Ohio Turnpike Commission, (FGIC), (NPFG), 5.50%, 2/15/24		1,166,740
	1,000	Ohio Turnpike Commission, (FGIC), (NPFG), 5.50%, 2/15/26		1,158,850


			$	2,710,690




Insured-Water and Sewer — 2.6%

$	270	Marysville Wastewater Treatment System, (AGC), (XLCA), 4.75%, 12/1/46	$	239,857
	750	Marysville Wastewater Treatment System, (AGC), (XLCA), 4.75%, 12/1/47		665,273


			$	905,130

See notes to financial statements

Eaton Vance Ohio Municipal Income Trust as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D


Principal Amount
(000’s omitted)		Security	Value



Lease Revenue / Certificates of Participation — 7.3%

$	500	Franklin County Convention Facilities Authority, 5.00%, 12/1/27	$	526,170
	1,000	Mahoning County, (Career and Technical Center), 6.25%, 12/1/36		1,005,730
	1,155	Union County, (Pleasant Valley Joint Fire District), 6.125%, 12/1/19		1,049,918


			$	2,581,818




Other Revenue — 11.6%

$	7,345	Buckeye Tobacco Settlement Financing Authority, 0.00%, 6/1/47	$	182,670
	710	Buckeye Tobacco Settlement Financing Authority, 5.875%, 6/1/47		463,836
	2,530	Puerto Rico Infrastructure Financing Authority, 5.50%, 10/1/32		2,657,841
	1,000	Riversouth Authority, (Lazarus Building Redevelopment), 5.75%, 12/1/27		818,220


			$	4,122,567




Pooled Loans — 12.5%

$	550	Ohio Economic Development Commission, (Ohio Enterprise Bond Fund), (AMT), 4.85%, 6/1/25	$	538,021
	1,020	Ohio Economic Development Commission, (Ohio Enterprise Bond Fund), (AMT), 5.85%, 12/1/22		1,035,014
	1,245	Rickenbacher Port Authority, Oasbo Expanded Asset Pool Loan, 5.375%, 1/1/32⁽⁵⁾		1,263,758
	310	Summit County Port Authority, (Twinsburg Township), 5.125%, 5/15/25		224,440
	750	Toledo-Lucas County Port Authority, 4.80%, 11/15/35		458,243
	1,100	Toledo-Lucas County Port Authority, 5.40%, 5/15/19		924,495


			$	4,443,971




Special Tax Revenue — 5.6%

$	560	Cleveland-Cuyahoga County Port Authority, 7.00%, 12/1/18	$	542,494
	1,385	Cuyahoga County Economic Development, (Shaker Square), 6.75%, 12/1/30		1,436,231


			$	1,978,725



Total Tax-Exempt Investments — 163.1%
(identified cost $60,501,547)			$	57,895,291



Auction Preferred Shares Plus Cumulative
Unpaid Dividends — (64.0)%			$	(22,726,757	)



Other Assets, Less Liabilities — 0.9%			$	334,658



Net Assets Applicable to Common Shares — 100.0%			$	35,503,192

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.

NPFG - National Public Finance Guaranty Corp.

XLCA - XL Capital Assurance, Inc.

The Trust invests primarily in debt securities issued by Ohio 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 May 31, 2009, 43.9% 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 2.4% to 16.8% of total investments.


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

(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 May 31, 2009, the aggregate value of these securities is $507,261 or 1.4% 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 May 31, 2009.

(4)		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 $1,455,000. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the inverse floater.

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

See notes to financial statements

Eaton Vance Pennsylvania Municipal Income Trust as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited)


Tax-Exempt Investments — 172.4%

Principal Amount
(000’s omitted)		Security	Value



Bond Bank — 3.2%

$	1,000	Delaware Valley Regional Finance Authority, 5.75%, 7/1/32	$	1,084,700


			$	1,084,700




Cogeneration — 4.3%

$	160	Carbon County Industrial Development Authority, (Panther Creek Partners), (AMT), 6.65%, 5/1/10	$	160,760
	500	Pennsylvania Economic Development Financing Authority, (Northampton Generating), (AMT), 6.50%, 1/1/13		408,835
	500	Pennsylvania Economic Development Financing Authority, (Northampton Generating), (AMT), 6.60%, 1/1/19		377,390
	625	Pennsylvania Economic Development Financing Authority, (Resource Recovery-Colver), (AMT), 5.125%, 12/1/15		509,944


			$	1,456,929




Education — 1.5%

$	500	Northampton County General Purpose Authority, (Lehigh University), 5.00%, 11/15/39	$	502,325


			$	502,325




Electric Utilities — 3.3%

$	600	Pennsylvania Economic Development Financing Authority, (Reliant Energy, Inc.), (AMT), 6.75%, 12/1/36	$	570,810
	600	York County Industrial Development Authority, (Public Service Enterprise Group, Inc.), 5.50%, 9/1/20		547,416


			$	1,118,226




Escrowed / Prerefunded — 4.0%

$	600	Allegheny County Industrial Development Authority, (Residential Resources, Inc.), Prerefunded to 9/1/11, 6.50%, 9/1/21	$	671,472
	600	Bucks County Industrial Development Authority, (Pennswood), Prerefunded to 10/1/12, 6.00%, 10/1/27		692,346


			$	1,363,818




General Obligations — 7.6%

$	500	Chester County, 5.00%, 7/15/27⁽¹⁾	$	540,845
	1,000	Daniel Boone Area School District, 5.00%, 8/15/32		1,010,220
	1,000	Philadelphia School District, 6.00%, 9/1/38		1,061,110


			$	2,612,175




Health Care-Miscellaneous — 0.2%

$	100	Puerto Rico Infrastructure Financing Authority, (Mepsi Campus Project), 6.50%, 10/1/37	$	75,590


			$	75,590




Hospital — 15.7%

$	500	Allegheny County Hospital Development Authority, (University of Pittsburgh Medical Center), 5.50%, 8/15/34⁽²⁾	$	495,245
	1,250	Lehigh County General Purpose Authority, (Lehigh Valley Health Network), 5.25%, 7/1/32		1,122,087
	1,500	Monroe County Hospital Authority, (Pocono Medical Center), 5.25%, 1/1/43		1,294,005
	1,000	Pennsylvania Higher Educational Facilities Authority, (University of Pennsylvania Health System), 6.00%, 8/15/26⁽³⁾		1,089,970
	850	Pennsylvania Higher Educational Facilities Authority, (UPMC Health System), 6.00%, 1/15/31		870,417
	500	Washington County Hospital Authority, (Monongahela Hospital), 5.50%, 6/1/17		512,190


			$	5,383,914




Housing — 15.8%

$	515	Allegheny County Residential Finance Authority, (Single Family Mortgages), (AMT), 4.95%, 11/1/37	$	462,660
	1,170	Allegheny County Residential Finance Authority, (Single Family Mortgages), (AMT), 5.00%, 5/1/35		1,130,384
	985	Pennsylvania Housing Finance Agency, (AMT), 4.70%, 10/1/37		844,559
	1,200	Pennsylvania Housing Finance Agency, (AMT), 4.875%, 4/1/26		1,135,512
	1,000	Pennsylvania Housing Finance Agency, (AMT), 4.90%, 10/1/37		908,960
	1,000	Pennsylvania Housing Finance Agency, (AMT), 5.15%, 10/1/37		933,680


			$	5,415,755




Industrial Development Revenue — 10.3%

$	750	Montgomery County Industrial Development Authority, (Aqua Pennsylvania, Inc.), (AMT), 5.25%, 7/1/42	$	638,363
	500	New Morgan Industrial Development Authority, (Browning-Ferris Industries, Inc.), (AMT), 6.50%, 4/1/19		500,000

See notes to financial statements

Eaton Vance Pennsylvania Municipal Income Trust as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited) CONT’D


Principal Amount
(000’s omitted)		Security	Value


Industrial Development Revenue (continued)


$	250	Pennsylvania Economic Development Financing Authority, (Pennsylvania-American Water Co.), 6.20%, 4/1/39	$	262,170
	1,000	Pennsylvania Economic Development Financing Authority, (Procter & Gamble Paper Products Co.), (AMT), 5.375%, 3/1/31		953,690
	500	Pennsylvania Economic Development Financing Authority, Solid Waste Disposal, (Waste Management, Inc.), (AMT), 5.10%, 10/1/27		438,955
	1,550	Puerto Rico Port Authority, (American Airlines, Inc.), (AMT), 6.25%, 6/1/26		716,937


			$	3,510,115




Insured-Education — 23.5%

$	500	Lycoming County Authority, (Pennsylvania College of Technology), (AGC), 5.50%, 10/1/37	$	509,065
	1,900	Lycoming County Authority, (Pennsylvania College of Technology), (AMBAC), 5.25%, 5/1/32		1,624,861
	1,115	Pennsylvania Higher Educational Facilities Authority, (Drexel University), (NPFG), 5.00%, 5/1/37		1,098,453
	2,000	Pennsylvania Higher Educational Facilities Authority, (State System Higher Education), (FSA), 5.00%, 6/15/24		2,000,680
	1,000	Pennsylvania Higher Educational Facilities Authority, (Temple University), (NPFG), 5.00%, 4/1/33		993,050
	500	State Public School Building Authority, (Delaware County Community College), (FSA), 5.00%, 10/1/27		523,610
	375	State Public School Building Authority, (Delaware County Community College), (FSA), 5.00%, 10/1/29		386,869
	875	State Public School Building Authority, (Delawa