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, 2011

Date of Reporting Period

Item 1. Reports to Stockholders


Eaton Vance Municipal Income Trusts Semiannual Report May 31, 2011

California (CEV) • Massachusetts (MMV) • Michigan (EMI) • New Jersey (EVJ)

New York (EVY) • Ohio (EVO) • Pennsylvania (EVP)

Fund 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.

Semiannual Report May 31, 2011

Eaton Vance
Municipal Income Trusts

Table of Contents


Performance and Fund Profiles

California Municipal Income Trust			2
Massachusetts Municipal Income Trust			3
Michigan Municipal Income Trust			4
New Jersey Municipal Income Trust			5
New York Municipal Income Trust			6
Ohio Municipal Income Trust			7
Pennsylvania Municipal Income Trust			8

Endnotes and Additional Disclosures			9
Financial Statements			10
Annual Meeting of Shareholders			67
Board of Trustees’ Contract Approval			68
Officers and Trustees			71
Important Notices			72

Eaton Vance

California Municipal Income Trust

May 31, 2011

Portfolio Manager Cynthia J. Clemson

Performance¹


NYSE Amex Symbol
Inception Date 1/29/99	CEV


% Average Annual Total Returns at net asset value (NAV)

Six Months		0.23
One Year		-0.84
Five Years		0.80
Ten Years		5.03


% Average Annual Total Returns at market price, NYSE Amex

Six Months		-0.30
One Year		-0.81
Five Years		1.48
Ten Years		6.26


% Premium/Discount to NAV (5/31/11)		-0.44


% Market Yields²

Market Yield		7.45
Taxable-Equivalent Market Yield		12.81


% Total Leverage³

Auction Preferred Shares (APS)		32.1
Residual Interest Bond (RIB)		12.5


Comparative Performance⁴	% Return


Barclays Capital Long (22+) Municipal Bond Index

Six Months		1.43
One Year		1.49
Five Years		3.51
Ten Years		5.15


Lipper California Muni. Debt Funds Average at NAV*

Six Months		1.04
One Year		1.17
Five Years		2.55
Ten Years		5.06

^* Source: Lipper.

Fund Profile

Credit Quality⁵ (% of total investments)

The above chart includes the ratings of securities held by special purpose vehicles established in connection with the RIB financing.³ Absent such securities the Fund’s credit quality (% of total investments) is as follows:



AAA	11.2	BBB	7.2
AA	42.6	BB	1.3
A	30.1	Not Rated	7.6

See Endnotes and Additional Disclosures on page 9.

Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in NAV or market price (as applicable) with all distributions reinvested. Fund performance at market price will differ from its results at NAV due to factors such as changing perceptions about the Fund, market conditions, fluctuations in supply and demand for Fund shares, or changes in Fund distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance less than one year is cumulative. Performance is for the stated time period only; due to market volatility, current Fund 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.

Eaton Vance

Massachusetts Municipal Income Trust

May 31, 2011

Portfolio Manager Craig R. Brandon, CFA

Performance¹


NYSE Amex Symbol
Inception Date 1/29/99	MMV


% Average Annual Total Returns at NAV

Six Months		0.32
One Year		-0.37
Five Years		2.93
Ten Years		6.14


% Average Annual Total Returns at market price, NYSE Amex

Six Months		-1.64
One Year		-3.92
Five Years		2.64
Ten Years		7.06


% Premium/Discount to NAV (5/31/11)		-0.60


% Market Yields²

Market Yield		6.83
Taxable-Equivalent Market Yield		11.10


% Total Leverage³

APS		32.6
RIB		7.9


Comparative Performance⁴	% Return


Barclays Capital Long (22+) Municipal Bond Index

Six Months		1.43
One Year		1.49
Five Years		3.51
Ten Years		5.15

Fund Profile

Credit Quality⁵ (% of total investments)



AAA	13.1	BBB	8.7
AA	37.7	BB	1.3
A	35.5	Not Rated	3.7

See Endnotes and Additional Disclosures on page 9.

Eaton Vance

Michigan Municipal Income Trust

May 31, 2011

Portfolio Manager William H. Ahern, Jr., CFA

Performance¹


NYSE Amex Symbol
Inception Date 1/29/99	EMI


% Average Annual Total Returns at NAV

Six Months		2.91
One Year		1.83
Five Years		3.11
Ten Years		5.53


% Average Annual Total Returns at market price, NYSE Amex

Six Months		3.37
One Year		2.47
Five Years		3.64
Ten Years		6.43


% Premium/Discount to NAV (5/31/11)		-5.64


% Market Yields²

Market Yield		7.13
Taxable-Equivalent Market Yield		11.47


% Total Leverage³

APS		39.3


Comparative Performance⁴	% Return


Barclays Capital Long (22+) Municipal Bond Index

Six Months		1.43
One Year		1.49
Five Years		3.51
Ten Years		5.15


Lipper Michigan Muni. Debt Funds Average at NAV*

Six Months		2.53
One Year		3.11
Five Years		4.02
Ten Years		5.42

^* Source: Lipper.

Fund Profile

Credit Quality⁵ (% of total investments)

See Endnotes and Additional Disclosures on page 9.

Eaton Vance

New Jersey Municipal Income Trust

May 31, 2011

Portfolio Manager Adam A. Weigold, CFA

Performance¹


NYSE Amex Symbol
Inception Date 1/29/99	EVJ


% Average Annual Total Returns at NAV

Six Months		1.41
One Year		-0.96
Five Years		2.95
Ten Years		5.99


% Average Annual Total Returns at market price, NYSE Amex

Six Months		-0.01
One Year		-3.51
Five Years		3.12
Ten Years		7.65


% Premium/Discount to NAV (5/31/11)		0.54


% Market Yields²

Market Yield		7.29
Taxable-Equivalent Market Yield		12.32


% Total Leverage³

APS		31.8
RIB		10.7


Comparative Performance⁴	% Return


Barclays Capital Long (22+) Municipal Bond Index

Six Months		1.43
One Year		1.49
Five Years		3.51
Ten Years		5.15


Lipper New Jersey Muni. Debt Funds Average at NAV*

Six Months		1.48
One Year		1.76
Five Years		3.97
Ten Years		5.48

^* Source: Lipper.

Fund Profile

Credit Quality⁵ (% of total investments)

The above chart includes the ratings of securities held by special purpose vehicles established in connection with the RIB bond financing.³ Absent such securities the Fund’s credit quality (% of total investments) is as follows:



AAA	14.5	BBB	13.9
AA	35.0	B	1.1
A	34.8	Not Rated	0.7

See Endnotes and Additional Disclosures on page 9.

Eaton Vance

New York Municipal Income Trust

May 31, 2011

Portfolio Manager Craig R. Brandon, CFA

Performance¹


NYSE Amex Symbol
Inception Date 1/29/99	EVY


% Average Annual Total Returns at NAV

Six Months		2.11
One Year		1.12
Five Years		2.26
Ten Years		5.74


% Average Annual Total Returns at market price, NYSE Amex

Six Months		-0.04
One Year		-1.44
Five Years		2.87
Ten Years		6.94


% Premium/Discount to NAV (5/31/11)		-0.32


% Market Yields²

Market Yield		7.08
Taxable-Equivalent Market Yield		11.97


% Total Leverage³

APS		27.1
RIB		16.4


Comparative Performance⁴	% Return


Barclays Capital Long (22+) Municipal Bond Index

Six Months		1.43
One Year		1.49
Five Years		3.51
Ten Years		5.15


Lipper New York Muni. Debt Funds Average at NAV*

Six Months		1.60
One Year		2.20
Five Years		3.34
Ten Years		5.38

^* Source: Lipper.

Fund Profile

Credit Quality⁵ (% of total investments)



AAA	14.6	BB	1.2
AA	34.3	B	1.5
A	27.8	CC	0.8
BBB	11.7	Not Rated	8.1

See Endnotes and Additional Disclosures on page 9.

Eaton Vance

Ohio Municipal Income Trust

May 31, 2011

Portfolio Manager William H. Ahern, Jr., CFA

Performance¹


NYSE Amex Symbol
Inception Date 1/29/99	EVO


% Average Annual Total Returns at NAV

Six Months		0.90
One Year		-0.60
Five Years		2.57
Ten Years		5.68


% Average Annual Total Returns at market price, NYSE Amex

Six Months		-0.75
One Year		0.73
Five Years		3.56
Ten Years		6.47


% Premium/Discount to NAV (5/31/11)		0.23


% Market Yields²

Market Yield		6.93
Taxable-Equivalent Market Yield		11.33


% Total Leverage³

APS		37.4
RIB		2.4


Comparative Performance⁴	% Return


Barclays Capital Long (22+) Municipal Bond Index

Six Months		1.43
One Year		1.49
Five Years		3.51
Ten Years		5.15

Fund Profile

Credit Quality⁵ (% of total investments)

See Endnotes and Additional Disclosures on page 9.

Eaton Vance

Pennsylvania Municipal Income Trust

May 31, 2011

Portfolio Manager Adam A. Weigold, CFA

Performance¹


NYSE Amex Symbol
Inception Date 1/29/99	EVP


% Average Annual Total Returns at NAV

Six Months		2.26
One Year		1.06
Five Years		3.40
Ten Years		5.90


% Average Annual Total Returns at market price, NYSE Amex

Six Months		3.99
One Year		0.91
Five Years		3.82
Ten Years		7.32


% Premium/Discount to NAV (5/31/11)		-1.37


% Market Yields²

Market Yield		6.68
Taxable-Equivalent Market Yield		10.60


% Total Leverage³

APS		36.2
RIB		2.8


Comparative Performance⁴	% Return


Barclays Capital Long (22+) Municipal Bond Index

Six Months		1.43
One Year		1.49
Five Years		3.51
Ten Years		5.15


Lipper Pennsylvania Muni. Debt Funds Average at NAV*

Six Months		2.14
One Year		2.64
Five Years		3.88
Ten Years		5.56

^* Source: Lipper.

Fund Profile

Credit Quality⁵ (% of total investments)



AAA	3.7	BB	1.1
AA	47.3	CCC	1.9
A	35.3	CC	0.6
BBB	4.3	Not Rated	5.8

See Endnotes and Additional Disclosures on page 9.

Eaton Vance
Municipal Income Trusts

May 31, 2011

Endnotes and Additional Disclosures

^1.	Performance results reflect the effects of leverage.

^2.	Market yields are calculated by dividing the last regular distribution per share (annualized) by the market price. Taxable-equivalent performance is based on the highest combined federal and state income tax rates (41.86% for CA, 38.45% for MA, 37.83% for MI, 40.83% for NJ, 40.83% for NY, 38.85% for OH, 37.00% for PA). Lower tax rates would result in lower tax-equivalent performance. Actual tax rate will vary depending on your income, exemptions and deductions. Rates do not include local taxes. The distribution declared on May 31, 2011 reflects a reduction of the monthly distribution for the Michigan, New Jersey and Ohio Funds. Distributions may be comprised of tax-exempt income, ordinary income, net realized capital gains and return of capital.

^3.	RIB leverage represents the amount of Floating Rate Notes outstanding as a percentage of Fund net assets applicable to common shares plus APS and Floating Rate Notes. See “Floating Rate Notes Issued in Conjunction with Securities Held” in the Notes to the financial statements for more information about RIB financing. APS leverage represents the liquidation value of the Fund’s APS outstanding as a percentage of Fund net assets applicable to common shares plus APS and Floating Rate Notes. Use of leverage creates an opportunity for income, but creates risks including greater price volatility. The cost of leverage rises and falls with changes in short-term interest rates. The Fund is required to maintain prescribed asset coverage for its APS, which could be reduced if Fund asset values decline. Floating Rate Notes in both calculations reflect the effect of RIBs purchased in secondary market transactions, if applicable.

^4.	The Barclays Capital Long (22+) Municipal Bond Index is an unmanaged index of municipal bonds traded in the U.S. with maturities of 22 years or more. Unless otherwise stated, indices do not reflect any applicable sales charges, commissions, leverage, taxes or other expenses of investing. Lipper Average reflects the average annual total return of funds in the same Lipper classification as the Fund. It is not possible to invest directly in an index or Lipper classification.

^5.	Ratings are based on Moody, S&P or Fitch, as applicable. Credit ratings are based largely on the rating agency’s investment analysis at the time of rating and the rating assigned to any particular security is not necessarily a reflection of 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. If securities are rated differently by the rating agencies, the higher rating is shown.

	Fund profile subject to change due to active management.

Eaton Vance

California Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited)


Tax-Exempt Investments — 177.9%

	Principal Amount
Security	(000’s omitted)		Value



Education — 22.1%

California Educational Facilities Authority, (Claremont McKenna College), 5.00%, 1/1/39	$	3,135	$	3,171,366
California Educational Facilities Authority, (Harvey Mudd College), 5.25%, 12/1/31		195		201,441
California Educational Facilities Authority, (Harvey Mudd College), 5.25%, 12/1/36		275		276,213
California Educational Facilities Authority, (Loyola Marymount University), 5.00%, 10/1/30		745		743,577
California Educational Facilities Authority, (Lutheran University), 5.00%, 10/1/29		2,770		2,539,204
California Educational Facilities Authority, (Santa Clara University), 5.00%, 9/1/23		1,600		1,803,632
California Educational Facilities Authority, (Stanford University), 5.125%, 1/1/31⁽¹⁾		4,000		4,010,240
California Educational Facilities Authority, (University of San Francisco), 6.125%, 10/1/36		235		247,290
California Educational Facilities Authority, (University of Southern California), 5.25%, 10/1/39		2,490		2,609,346
San Diego County, Certificates of Participation, (University of San Diego), 5.375%, 10/1/41		2,500		2,220,850
University of California, 5.25%, 5/15/39		1,250		1,288,887


			$	19,112,046




Electric Utilities — 7.0%

Chula Vista, (San Diego Gas and Electric), 5.875%, 2/15/34	$	270	$	286,243
Chula Vista, (San Diego Gas and Electric), (AMT), 5.00%, 12/1/27		2,275		2,296,999
Northern California Power Agency, 5.25%, 8/1/24		1,500		1,607,040
Southern California Public Power Authority, (Tieton Hydropower), 5.00%, 7/1/35		530		534,791
Vernon, Electric System Revenue, 5.125%, 8/1/21		1,300		1,336,764


			$	6,061,837




Escrowed / Prerefunded — 0.0%⁽²⁾

California Health Facilities Financing Authority, (Providence Health System), Prerefunded to 10/1/18, 6.50%, 10/1/38	$	25	$	32,512


			$	32,512




General Obligations — 18.3%

California, 5.50%, 11/1/35	$	1,600	$	1,652,752
California, 6.00%, 4/1/38		750		800,310
California, (AMT), 5.05%, 12/1/36		1,590		1,460,924
Palo Alto, (Election of 2008), 5.00%, 8/1/40		3,655		3,797,764
San Francisco Bay Area Rapid Transit District, (Election of 2004), 4.75%, 8/1/37⁽³⁾		4,770		4,814,123
Santa Clara County, (Election of 2008), 5.00%, 8/1/39⁽³⁾⁽⁴⁾		3,180		3,277,594


			$	15,803,467




Hospital — 21.6%

California Health Facilities Financing Authority, (Catholic Healthcare West), 5.625%, 7/1/32	$	1,000	$	1,004,460
California Health Facilities Financing Authority, (Cedars-Sinai Medical Center), 5.00%, 8/15/39		2,310		2,111,386
California Health Facilities Financing Authority, (Providence Health System), 6.50%, 10/1/38		1,475		1,608,369
California Infrastructure and Economic Development Bank, (Kaiser Hospital), 5.50%, 8/1/31		750		750,240
California Statewide Communities Development Authority, (Cottage Health System), 5.00%, 11/1/40		1,245		1,136,150
California Statewide Communities Development Authority, (John Muir Health), 5.00%, 8/15/34		1,150		1,056,701
California Statewide Communities Development Authority, (John Muir Health), 5.00%, 8/15/36		1,350		1,219,306
California Statewide Communities Development Authority, (Kaiser Permanente), 5.50%, 11/1/32		1,565		1,559,069
California Statewide Communities Development Authority, (Sonoma County Indian Health), 6.40%, 9/1/29		1,750		1,736,770
California Statewide Communities Development Authority, (Sutter Health), 5.50%, 8/15/28		1,500		1,503,855
Torrance Hospital, (Torrance Memorial Medical Center), 5.50%, 6/1/31		1,900		1,870,588
Washington Township Health Care District, 5.00%, 7/1/32		2,780		2,416,793
Washington Township Health Care District, 5.25%, 7/1/29		700		645,407


			$	18,619,094




Housing — 1.2%

Commerce, (Hermitage III Senior Apartments), 6.50%, 12/1/29	$	690	$	649,076
Commerce, (Hermitage III Senior Apartments), 6.85%, 12/1/29		406		375,144


			$	1,024,220

See Notes to Financial Statements.

Eaton Vance

California Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited) — continued


	Principal Amount
Security	(000’s omitted)		Value


Industrial Development Revenue — 3.6%

California Pollution Control Financing Authority, (Waste Management, Inc.), (AMT), 5.125%, 11/1/23	$	1,235	$	1,263,047
California Statewide Communities Development Authority, (Anheuser-Busch Cos., Inc.), (AMT), 4.80%, 9/1/46		2,000		1,815,660


			$	3,078,707




Insured – Education — 7.2%

California Educational Facilities Authority, (Pepperdine University), (AMBAC), 5.00%, 12/1/35	$	2,660	$	2,646,966
California Educational Facilities Authority, (Santa Clara University), (NPFG), 5.00%, 9/1/23		1,250		1,409,088
California State University, (AMBAC), 5.00%, 11/1/33		2,140		2,124,228


			$	6,180,282




Insured – Electric Utilities — 6.7%

California Pollution Control Financing Authority, (Pacific Gas and Electric), (NPFG), (AMT), 5.35%, 12/1/16	$	2,500	$	2,552,625
California Pollution Control Financing Authority, (Southern California Edison Co.), (NPFG), (AMT), 5.55%, 9/1/31		3,250		3,250,715


			$	5,803,340




Insured – Escrowed / Prerefunded — 3.3%

Foothill/Eastern Transportation Corridor Agency, Toll Road Bonds, (AGM), (RADIAN), Escrowed to Maturity, 0.00%, 1/1/26	$	5,130	$	2,858,744


			$	2,858,744




Insured – General Obligations — 5.1%

Coast Community College District, (Election of 2002), (AGM), 0.00%, 8/1/34	$	6,485	$	1,435,584
Coast Community College District, (Election of 2002), (AGM), 0.00%, 8/1/35		4,825		992,213
Sweetwater Union High School District, (Election of 2000), (AGM), 0.00%, 8/1/25		4,720		2,014,307


			$	4,442,104




Insured – Hospital — 14.3%

California Health Facilities Financing Authority, (Kaiser Permanente), (BHAC), 5.00%, 4/1/37	$	2,900	$	2,897,709
California Statewide Communities Development Authority, (Kaiser Permanente), (BHAC), 5.00%, 3/1/41⁽³⁾		750		724,605
California Statewide Communities Development Authority, (Sutter Health), (AGM), 5.75%, 8/15/27		15		15,008
California Statewide Communities Development Authority, (Sutter Health), (AGM), 5.75%, 8/15/27⁽³⁾		3,735		3,737,054
California Statewide Communities Development Authority, (Sutter Health), (AMBAC), (BHAC), 5.00%, 11/15/38⁽³⁾		5,000		4,930,050


			$	12,304,426




Insured – Lease Revenue / Certificates of Participation — 11.8%

Anaheim Public Financing Authority, (Public Improvements), (AGM), 0.00%, 9/1/17	$	5,510	$	4,198,510
Puerto Rico Public Finance Corp., (AMBAC), Escrowed to Maturity, 5.50%, 8/1/27		2,000		2,444,580
San Diego County Water Authority, Certificates of Participation, (AGM), 5.00%, 5/1/38⁽³⁾		3,500		3,527,335


			$	10,170,425




Insured – Special Tax Revenue — 3.0%

Puerto Rico Sales Tax Financing Corp., (AMBAC), 0.00%, 8/1/54	$	21,285	$	1,172,378
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/45		8,355		877,108
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/46		5,270		514,931


			$	2,564,417




Insured – Transportation — 9.4%

Alameda Corridor Transportation Authority, (AMBAC), 0.00%, 10/1/29	$	5,000	$	1,391,450
Alameda Corridor Transportation Authority, (NPFG), 0.00%, 10/1/31		7,950		1,931,850
Puerto Rico Highway and Transportation Authority, (AGC), (CIFG), 5.25%, 7/1/41⁽³⁾		740		703,525
San Joaquin Hills Transportation Corridor Agency, Toll Road Bonds, (NPFG), 0.00%, 1/15/32		10,000		1,474,900
San Jose Airport, (AGM), (AMBAC), (BHAC), (AMT), 5.00%, 3/1/37		1,320		1,232,141
San Jose Airport, (AGM), (AMBAC), (BHAC), (AMT), 6.00%, 3/1/47		1,350		1,384,223


			$	8,118,089

See Notes to Financial Statements.

Eaton Vance

California Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited) — continued


	Principal Amount
Security	(000’s omitted)		Value


Insured – Water and Sewer — 6.5%

East Bay Municipal Utility District, Water System Revenue, (FGIC), (NPFG), 5.00%, 6/1/32	$	45	$	46,977
East Bay Municipal Utility District, Water System Revenue, (FGIC), (NPFG), 5.00%, 6/1/32⁽³⁾		2,000		2,087,860
Los Angeles Department of Water and Power, (NPFG), 3.00%, 7/1/30		4,400		3,485,636


			$	5,620,473




Other Revenue — 2.2%

California Infrastructure and Economic Development Bank, (Performing Arts Center of Los Angeles), 5.00%, 12/1/32	$	385	$	370,905
California Infrastructure and Economic Development Bank, (Performing Arts Center of Los Angeles), 5.00%, 12/1/37		580		529,627
Golden State Tobacco Securitization Corp., 5.30%, (0.00% until 12/1/12), 6/1/37		980		576,113
Golden State Tobacco Securitization Corp., 5.75%, 6/1/47		640		441,216


			$	1,917,861




Senior Living / Life Care — 1.6%

California Statewide Communities Development Authority, (Senior Living - Presbyterian Homes), 4.75%, 11/15/26	$	175	$	155,423
California Statewide Communities Development Authority, (Senior Living - Presbyterian Homes), 4.875%, 11/15/36		700		576,590
California Statewide Communities Development Authority, (Senior Living - Presbyterian Homes), 7.25%, 11/15/41		600		635,688


			$	1,367,701




Special Tax Revenue — 18.2%

Bonita Canyon Public Financing Authority, 5.375%, 9/1/28	$	1,000	$	939,440
Brentwood Infrastructure Financing Authority, 5.00%, 9/2/26		285		229,528
Brentwood Infrastructure Financing Authority, 5.00%, 9/2/34		460		330,745
Corona Public Financing Authority, 5.80%, 9/1/20		970		970,310
Eastern California Municipal Water District, Special Tax Revenue, District No. 2004-27 Cottonwood, 5.00%, 9/1/27		200		172,858
Eastern California Municipal Water District, Special Tax Revenue, District No. 2004-27 Cottonwood, 5.00%, 9/1/36		500		389,565
Fontana Redevelopment Agency, (Jurupa Hills), 5.60%, 10/1/27		1,590		1,488,860
Lincoln Public Financing Authority, Improvement Bond Act of 1915, (Twelve Bridges), 6.20%, 9/2/25		895		895,304
Moreno Valley Unified School District, (Community School District No. 2003-2), 5.75%, 9/1/24		420		419,945
Moreno Valley Unified School District, (Community School District No. 2003-2), 5.90%, 9/1/29		750		731,932
Oakland Joint Powers Financing Authority, 5.40%, 9/2/18		1,745		1,769,535
Oakland Joint Powers Financing Authority, 5.50%, 9/2/24		930		939,151
San Francisco Bay Area Rapid Transit District, Sales Tax Revenue, 5.00%, 7/1/28		2,400		2,589,744
Santa Margarita Water District, 6.20%, 9/1/20		1,095		1,097,289
Santaluz Community Facilities District No. 2, 6.10%, 9/1/21		250		250,563
Santaluz Community Facilities District No. 2, 6.20%, 9/1/30		490		490,142
Temecula Unified School District, 5.00%, 9/1/27		250		222,110
Temecula Unified School District, 5.00%, 9/1/37		400		320,204
Tustin Community Facilities District, 6.00%, 9/1/37		500		461,585
Whittier Public Financing Authority, (Greenleaf Avenue Redevelopment), 5.50%, 11/1/23		1,000		976,240


			$	15,685,050




Transportation — 12.5%

Bay Area Toll Authority, Toll Bridge Revenue, (San Francisco Bay Area), 5.00%, 4/1/31	$	2,000	$	2,032,020
Bay Area Toll Authority, Toll Bridge Revenue, (San Francisco Bay Area), 5.25%, 4/1/29		1,000		1,065,630
Los Angeles Department of Airports, (Los Angeles International Airport), 5.00%, 5/15/35⁽³⁾⁽⁴⁾		2,120		2,138,995
Los Angeles Department of Airports, (Los Angeles International Airport), (AMT), 5.375%, 5/15/30		1,500		1,534,875
Port of Redwood City, (AMT), 5.125%, 6/1/30		1,170		1,009,640
San Francisco City and County Airport Commission, (San Francisco International Airport), 5.00%, 5/1/35		1,500		1,484,460
San Francisco City and County Airport Commission, (San Francisco International Airport), 5.00%, 5/1/40		1,540		1,497,496


			$	10,763,116

See Notes to Financial Statements.

Eaton Vance

California Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited) — continued


	Principal Amount
Security	(000’s omitted)		Value


Water and Sewer — 2.3%

California Department of Water Resources, 5.00%, 12/1/29	$	1,840	$	1,961,201


			$	1,961,201



Total Tax-Exempt Investments — 177.9%
(identified cost $158,745,062)			$	153,489,112



Auction Preferred Shares Plus Cumulative
Unpaid Dividends — (57.9)%			$	(49,976,249	)



Other Assets, Less Liabilities — (20.0)%			$	(17,220,730	)



Net Assets Applicable to Common Shares — 100.0%			$	86,292,133

The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares.


AGC		- Assured Guaranty Corp.
AGM		- Assured Guaranty Municipal 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
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, 2011, 37.8% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution ranged from 0.5% to 13.9% of total investments.


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

⁽²⁾		Amount is less than 0.05%.

⁽³⁾		Security represents the municipal bond held by a trust that issues residual interest bonds (see Note 1H).

⁽⁴⁾		Security (or a portion thereof) has been pledged as collateral for residual interest bond transactions. The aggregate value of such collateral is $1,441,589.

See Notes to Financial Statements.

Eaton Vance

Massachusetts Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited)


Tax-Exempt Investments — 163.6%

	Principal Amount
Security	(000’s omitted)		Value



Education — 29.7%

Massachusetts Development Finance Agency, (Middlesex School), 5.00%, 9/1/33	$	600	$	602,040
Massachusetts Development Finance Agency, (Milton Academy), 5.00%, 9/1/35		1,080		1,106,039
Massachusetts Development Finance Agency, (New England Conservatory of Music), 5.25%, 7/1/38		995		918,106
Massachusetts Health and Educational Facilities Authority, (Berklee College of Music), 5.00%, 10/1/32		1,500		1,512,045
Massachusetts Health and Educational Facilities Authority, (Boston College), 5.50%, 6/1/35		1,640		1,888,427
Massachusetts Health and Educational Facilities Authority, (Harvard University), 5.00%, 10/1/38⁽¹⁾		1,500		1,559,700
Massachusetts Health and Educational Facilities Authority, (Massachusetts Institute of Technology), 5.00%, 7/1/38		415		429,156
Massachusetts Health and Educational Facilities Authority, (Northeastern University), 5.00%, 10/1/35		1,350		1,351,904
Massachusetts Health and Educational Facilities Authority, (Tufts University), 5.375%, 8/15/38		1,420		1,502,360


			$	10,869,777




Electric Utilities — 7.7%

Massachusetts Development Finance Agency, (Devens Electric System), 6.00%, 12/1/30	$	1,000	$	1,015,330
Massachusetts Development Finance Agency, (Dominion Energy Brayton Point), (AMT), 5.00%, 2/1/36		1,870		1,788,187


			$	2,803,517




Escrowed / Prerefunded — 1.2%

Massachusetts Development Finance Agency, (Western New England College), Prefunded to 12/1/12, 6.125%, 12/1/32	$	400	$	437,732


			$	437,732




General Obligations — 8.5%

Newton, 5.00%, 4/1/36⁽²⁾	$	750	$	786,847
Plymouth, 5.00%, 5/1/31		345		369,064
Plymouth, 5.00%, 5/1/32		315		335,125
Wayland, 5.00%, 2/1/33		510		552,019
Wayland, 5.00%, 2/1/36		770		819,426
Winchester, 5.00%, 4/15/36		245		257,961


			$	3,120,442




Hospital — 27.7%

Massachusetts Development Finance Agency, (Tufts Medical Center), 7.25%, 1/1/32	$	600	$	644,070
Massachusetts Health and Educational Facilities Authority, (Baystate Medical Center, Inc.), 5.75%, 7/1/36		1,210		1,213,812
Massachusetts Health and Educational Facilities Authority, (Berkshire Health System), 6.25%, 10/1/31		400		396,776
Massachusetts Health and Educational Facilities Authority, (Children’s Hospital), 5.25%, 12/1/39		500		504,435
Massachusetts Health and Educational Facilities Authority, (Dana-Farber Cancer Institute), 5.00%, 12/1/37		1,135		1,094,639
Massachusetts Health and Educational Facilities Authority, (Healthcare System-Covenant Health), 6.00%, 7/1/31		885		890,823
Massachusetts Health and Educational Facilities Authority, (Jordan Hospital), 6.75%, 10/1/33		755		698,964
Massachusetts Health and Educational Facilities Authority, (Lowell General Hospital), 5.125%, 7/1/35		720		608,760
Massachusetts Health and Educational Facilities Authority, (Partners Healthcare System), 5.00%, 7/1/32⁽¹⁾		2,000		2,000,960
Massachusetts Health and Educational Facilities Authority, (South Shore Hospital), 5.75%, 7/1/29		675		674,980
Massachusetts Health and Educational Facilities Authority, (Southcoast Health System), 5.00%, 7/1/39		1,255		1,145,677
Massachusetts Health and Educational Facilities Authority, (Winchester Hospital), 5.25%, 7/1/38		300		256,887


			$	10,130,783




Housing — 14.3%

Massachusetts Housing Finance Agency, (AMT), 4.75%, 12/1/48	$	2,100	$	1,807,176
Massachusetts Housing Finance Agency, (AMT), 4.85%, 6/1/40		1,000		898,330
Massachusetts Housing Finance Agency, (AMT), 5.00%, 12/1/28		650		633,724
Massachusetts Housing Finance Agency, (AMT), 5.10%, 12/1/37		2,000		1,902,460


			$	5,241,690




Industrial Development Revenue — 1.9%

Massachusetts Industrial Finance Agency, (American Hingham Water Co.), (AMT), 6.60%, 12/1/15	$	695	$	696,195


			$	696,195

See Notes to Financial Statements.

Eaton Vance

Massachusetts Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited) — continued


	Principal Amount
Security	(000’s omitted)		Value



Insured – Education — 10.3%

Massachusetts College Building Authority, (XLCA), 5.50%, 5/1/39	$	1,000	$	1,082,370
Massachusetts Development Finance Agency, (College of the Holy Cross), (AMBAC), 5.25%, 9/1/32⁽¹⁾		1,365		1,520,992
Massachusetts Development Finance Agency, (Franklin W. Olin College), (XLCA), 5.25%, 7/1/33		1,165		1,173,050


			$	3,776,412




Insured – Electric Utilities — 1.5%

Puerto Rico Electric Power Authority, (NPFG), 5.25%, 7/1/29	$	570	$	560,179


			$	560,179




Insured – General Obligations — 3.2%

Massachusetts, (AMBAC), 5.50%, 8/1/30	$	1,000	$	1,180,860


			$	1,180,860




Insured – Hospital — 0.9%

Massachusetts Health and Educational Facilities Authority, (Cape Cod Healthcare), (AGC), 5.00%, 11/15/25	$	335	$	337,888


			$	337,888




Insured – Other Revenue — 3.0%

Massachusetts Development Finance Agency, (WGBH Educational Foundation), (AMBAC), 5.75%, 1/1/42	$	1,075	$	1,092,866


			$	1,092,866




Insured – Special Tax Revenue — 13.2%

Martha’s Vineyard Land Bank, (AMBAC), 5.00%, 5/1/32	$	1,450	$	1,452,305
Massachusetts, Special Obligation, Dedicated Tax Revenue, (FGIC), (NPFG), 5.50%, 1/1/29		1,000		1,103,200
Massachusetts School Building Authority, Dedicated Sales Tax Revenue, (AMBAC), 5.00%, 8/15/37⁽¹⁾		1,340		1,371,101
Puerto Rico Sales Tax Financing Corp., (AMBAC), 0.00%, 8/1/54		7,595		418,333
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/45		3,005		315,465
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/46		1,905		186,138


			$	4,846,542




Insured – Student Loan — 5.8%

Massachusetts Educational Financing Authority, (AGC), (AMT), 6.35%, 1/1/30	$	425	$	444,346
Massachusetts Educational Financing Authority, (AMBAC), (AMT), 4.70%, 1/1/33		1,885		1,696,839


			$	2,141,185




Insured – Transportation — 3.4%

Massachusetts Port Authority, (Bosfuel Project), (FGIC), (NPFG), (AMT), 5.00%, 7/1/32	$	315	$	293,798
Massachusetts Port Authority, (Bosfuel Project), (FGIC), (NPFG), (AMT), 5.00%, 7/1/38		1,055		947,643


			$	1,241,441




Nursing Home — 1.4%

Massachusetts Health and Educational Facilities Authority, (Christopher House), 6.875%, 1/1/29	$	535	$	497,175


			$	497,175




Other Revenue — 3.0%

Massachusetts Health and Educational Facilities Authority, (Isabella Stewart Gardner Museum), 5.00%, 5/1/22	$	500	$	547,290
Massachusetts Health and Educational Facilities Authority, (Isabella Stewart Gardner Museum), 5.00%, 5/1/25		505		535,270


			$	1,082,560




Senior Living / Life Care — 5.8%

Massachusetts Development Finance Agency, (Berkshire Retirement Community, Inc.), 5.15%, 7/1/31	$	250	$	211,443
Massachusetts Development Finance Agency, (Berkshire Retirement Community, Inc.), 5.625%, 7/1/29		1,500		1,368,915
Massachusetts Development Finance Agency, (Carleton-Willard Village), 5.625%, 12/1/30		125		124,341
Massachusetts Development Finance Agency, (First Mortgage VOA Concord), 5.125%, 11/1/27		140		104,283
Massachusetts Development Finance Agency, (First Mortgage VOA Concord), 5.20%, 11/1/41		475		318,635


			$	2,127,617

See Notes to Financial Statements.

Eaton Vance

Massachusetts Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited) — continued


	Principal Amount
Security	(000’s omitted)		Value



Special Tax Revenue — 6.9%

Massachusetts Bay Transportation Authority, Sales Tax Revenue, 0.00%, 7/1/31	$	1,665	$	595,920
Massachusetts Bay Transportation Authority, Sales Tax Revenue, 0.00%, 7/1/34		5,195		1,518,499
Virgin Islands Public Finance Authority, 5.00%, 10/1/39		75		65,756
Virgin Islands Public Finance Authority, 6.75%, 10/1/37		335		351,117


			$	2,531,292




Transportation — 5.9%

Massachusetts Department of Transportation, (Metropolitan Highway System), 5.00%, 1/1/37	$	1,500	$	1,486,035
Massachusetts Port Authority, 5.00%, 7/1/34		670		687,936


			$	2,173,971




Water and Sewer — 8.3%

Massachusetts Water Pollution Abatement Trust, 5.25%, 8/1/33	$	910	$	1,043,324
Massachusetts Water Pollution Abatement Trust, 5.25%, 8/1/34		990		1,127,819
Massachusetts Water Resources Authority, 4.00%, 8/1/46		1,000		876,670


			$	3,047,813



Total Tax-Exempt Investments — 163.6%
(identified cost $61,079,163)			$	59,937,937



Auction Preferred Shares Plus Cumulative
Unpaid Dividends — (54.7)%			$	(20,050,167	)



Other Assets, Less Liabilities — (8.9)%			$	(3,260,269	)



Net Assets Applicable to Common Shares — 100.0%			$	36,627,501

The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares.


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
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, 2011, 25.3% 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 1.3% to 14.6% of total investments.


⁽¹⁾		Security represents the municipal bond held by a trust that issues residual interest bonds (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

Michigan Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited)


Tax-Exempt Investments — 162.6%

	Principal Amount
Security	(000’s omitted)		Value



Education — 10.3%

Grand Valley State University, 5.625%, 12/1/29	$	525	$	549,848
Grand Valley State University, 5.75%, 12/1/34		525		544,499
Michigan Higher Education Facilities Authority, (Hillsdale College), 5.00%, 3/1/35		200		187,316
Michigan State University, 5.00%, 2/15/40		1,000		1,022,960
Michigan State University, 5.00%, 2/15/44		460		467,926


			$	2,772,549




Electric Utilities — 0.2%

Michigan Strategic Fund, (Detroit Edison Pollution Control), 5.45%, 9/1/29	$	60	$	60,067


			$	60,067




Escrowed / Prerefunded — 12.5%

Macomb County Hospital Finance Authority, (Mount Clemens General Hospital), Prerefunded to 11/15/13, 5.875%, 11/15/34	$	560	$	629,770
Michigan Higher Education Facilities Authority, (Creative Studies), Prerefunded to 6/1/12, 5.90%, 12/1/27		1,250		1,318,162
Michigan Hospital Finance Authority, (Sparrow Obligation Group), Prerefunded to 11/15/11, 5.625%, 11/15/36		750		775,658
Puerto Rico Electric Power Authority, Prerefunded to 7/1/12, 5.25%, 7/1/31		600		638,520


			$	3,362,110




General Obligations — 25.6%

Ann Arbor School District, 4.50%, 5/1/24	$	350	$	355,856
Charter County of Wayne, 6.75%, 11/1/39		495		510,310
Comstock Park Public Schools, 5.00%, 5/1/28		230		233,133
Comstock Park Public Schools, 5.125%, 5/1/31		275		277,329
Comstock Park Public Schools, 5.25%, 5/1/33		220		223,304
East Grand Rapids Public School District, 5.00%, 5/1/25		500		506,865
Jenison Public Schools, 5.00%, 5/1/28		500		506,810
Jenison Public Schools, 5.00%, 5/1/30		500		502,895
Kent County, 5.00%, 1/1/25		1,500		1,602,795
Manistee Area Public Schools, 5.00%, 5/1/24		750		759,757
Michigan, 5.00%, 11/1/20		1,000		1,134,530
Michigan, 5.50%, 11/1/25		270		295,421


			$	6,909,005




Hospital — 26.2%

Gaylord Hospital Finance Authority, (Otsego Memorial Hospital Association), 6.20%, 1/1/25	$	185	$	161,298
Gaylord Hospital Finance Authority, (Otsego Memorial Hospital Association), 6.50%, 1/1/37		125		102,731
Kent Hospital Finance Authority, (Spectrum Health), 5.50% to 1/15/15 (Put Date), 1/15/47		275		309,694
Mecosta County, (Michigan General Hospital), 6.00%, 5/15/18		410		408,376
Michigan Hospital Finance Authority, (Henry Ford Health System), 5.00%, 11/15/38		750		634,575
Michigan Hospital Finance Authority, (Henry Ford Health System), 5.25%, 11/15/46		1,000		857,770
Michigan Hospital Finance Authority, (McLaren Healthcare), 5.00%, 8/1/35		1,080		1,027,588
Michigan Hospital Finance Authority, (Memorial Healthcare Center), 5.875%, 11/15/21		750		752,160
Michigan Hospital Finance Authority, (Mid Michigan Obligation Group), 6.125%, 6/1/39		500		512,210
Michigan Hospital Finance Authority, (Trinity Health Corp.), 5.00%, 12/1/27		1,000		1,024,320
Monroe County Hospital Finance Authority, (Mercy Memorial Hospital Corp.), 5.375%, 6/1/26		425		381,501
Saginaw Hospital Finance Authority, (Covenant Medical Center, Inc.), 5.00%, 7/1/30		1,000		911,570


			$	7,083,793




Housing — 3.4%

Michigan Housing Development Authority, (Williams Pavilion), (AMT), 4.90%, 4/20/48	$	1,000	$	913,650


			$	913,650




Industrial Development Revenue — 6.6%

Detroit Local Development Finance Authority, (Chrysler Corp.), 5.375%, 5/1/21	$	750	$	525,525
Dickinson County Economic Development Corp., (International Paper Co.), 5.75%, 6/1/16		800		810,224
Puerto Rico Port Authority, (American Airlines, Inc.), (AMT), 6.25%, 6/1/26		550		445,780


			$	1,781,529




Insured – Education — 5.9%

Ferris State University, (AGC), 5.125%, 10/1/33	$	570	$	583,954
Ferris State University, (AGC), 5.25%, 10/1/38		500		511,410
Wayne State University, (AGM), 5.00%, 11/15/35		500		507,290


			$	1,602,654

See Notes to Financial Statements.

Eaton Vance

Michigan Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited) — continued


	Principal Amount
Security	(000’s omitted)		Value



Insured – Electric Utilities — 9.3%

Michigan Strategic Fund, (Detroit Edison Co.), (NPFG), (AMT), 5.55%, 9/1/29	$	1,000	$	1,000,650
Michigan Strategic Fund, (Detroit Edison Co.), (XLCA), 5.25%, 12/15/32		400		398,152
Puerto Rico Electric Power Authority, (FGIC), (NPFG), 5.25%, 7/1/30		220		215,576
Puerto Rico Electric Power Authority, (FGIC), (NPFG), 5.25%, 7/1/34		500		480,585
Puerto Rico Electric Power Authority, (NPFG), 5.25%, 7/1/29		435		427,505


			$	2,522,468




Insured – Escrowed / Prerefunded — 3.7%

Detroit Sewage Disposal System, (FGIC), Prerefunded to 7/1/11, 5.125%, 7/1/31	$	1,000	$	1,004,130


			$	1,004,130




Insured – General Obligations — 15.3%

Battle Creek School District, (AGM), 5.00%, 5/1/37	$	1,105	$	1,115,939
Byron Center Public Schools, (AGM), 3.75%, 5/1/26		650		589,836
Byron Center Public Schools, (AGM), 4.00%, 5/1/28		290		264,486
Detroit School District, (AGM), 5.25%, 5/1/32		300		295,680
Detroit School District, (FGIC), 4.75%, 5/1/28⁽¹⁾		650		608,634
Van Dyke Public Schools, (AGM), 5.00%, 5/1/38		1,250		1,261,225


			$	4,135,800




Insured – Hospital — 3.3%

Royal Oak Hospital Finance Authority, (William Beaumont Hospital), (NPFG), 5.25%, 11/15/35	$	985	$	881,585


			$	881,585




Insured – Lease Revenue / Certificates of Participation — 6.1%

Michigan Building Authority, (AGM), (FGIC), 0.00%, 10/15/29	$	1,000	$	333,340
Michigan Building Authority, (FGIC), (NPFG), 0.00%, 10/15/30		4,300		1,305,480


			$	1,638,820




Insured – Special Tax Revenue — 2.5%

Puerto Rico Sales Tax Financing Corp., (AMBAC), 0.00%, 8/1/54	$	5,160	$	284,213
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/45		2,430		255,101
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/46		1,470		143,634


			$	682,948




Insured – Student Loan — 3.7%

Michigan Higher Education Student Loan Authority, (AMBAC), (AMT), 5.00%, 3/1/31	$	1,000	$	1,009,340


			$	1,009,340




Insured – Transportation — 3.5%

Wayne County Airport Authority, (AGC), (AMT), 5.375%, 12/1/32	$	1,000	$	954,650


			$	954,650




Insured – Water and Sewer — 11.5%

Detroit Sewage Disposal System, (AGC), (FGIC), 5.00%, 7/1/36	$	560	$	521,399
Detroit Water Supply System, (FGIC), (NPFG), 5.00%, 7/1/30		1,650		1,556,907
Grand Rapids Water Supply System, (AGC), 5.10%, 1/1/39		1,000		1,029,410


			$	3,107,716




Other Revenue — 3.2%

Lansing Board of Water and Light, 5.50%, 7/1/41⁽²⁾	$	500	$	523,015
Michigan Tobacco Settlement Finance Authority, 6.00%, 6/1/48		500		345,130


			$	868,145




Special Tax Revenue — 1.3%

Guam, Limited Obligation Bonds, 5.625%, 12/1/29	$	115	$	114,935
Guam, Limited Obligation Bonds, 5.75%, 12/1/34		125		125,166
Virgin Islands Public Finance Authority, 6.75%, 10/1/37		110		115,292


			$	355,393




Water and Sewer — 8.5%

Grand Rapids, (Sanitary Sewer System), 5.00%, 1/1/28	$	790	$	861,455
Michigan Municipal Bond Authority, (Clean Water Revenue), 5.00%, 10/1/29		600		640,596

See Notes to Financial Statements.

Eaton Vance

Michigan Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited) — continued


	Principal Amount
Security	(000’s omitted)		Value


Water and Sewer (continued)


Michigan Municipal Bond Authority, (Clean Water Revenue), 5.00%, 10/1/30	$	500	$	533,580
Michigan Municipal Bond Authority, (Clean Water Revenue), 5.25%, 10/1/11⁽³⁾		250		254,193


			$	2,289,824



Total Tax-Exempt Investments — 162.6%
(identified cost $45,354,597)			$	43,936,176



Auction Preferred Shares Plus Cumulative
Unpaid Dividends — (64.8)%			$	(17,500,876	)



Other Assets, Less Liabilities — 2.2%			$	582,404



Net Assets Applicable to Common Shares — 100.0%			$	27,017,704

The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares.


AGC		- Assured Guaranty Corp.
AGM		- Assured Guaranty Municipal 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
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, 2011, 39.9% 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 0.9% to 14.3% of total investments.


⁽¹⁾		Security (or a portion thereof) has been segregated to cover payable for when-issued securities.

⁽²⁾		When-issued security.

⁽³⁾		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

May 31, 2011

Portfolio of Investments (Unaudited)


Tax-Exempt Investments — 166.0%

	Principal Amount
Security	(000’s omitted)		Value



Education — 26.7%

New Jersey Educational Facilities Authority, (Georgian Court University), 5.00%, 7/1/27	$	250	$	243,920
New Jersey Educational Facilities Authority, (Georgian Court University), 5.00%, 7/1/33		250		227,430
New Jersey Educational Facilities Authority, (Georgian Court University), 5.25%, 7/1/37		220		202,301
New Jersey Educational Facilities Authority, (Kean University), 5.50%, 9/1/36		2,560		2,620,262
New Jersey Educational Facilities Authority, (Princeton University), 4.25%, 7/1/40		3,485		3,380,101
New Jersey Educational Facilities Authority, (Princeton University), 4.50%, 7/1/38⁽¹⁾		3,500		3,519,915
New Jersey Educational Facilities Authority, (Stevens Institute of Technology), 5.00%, 7/1/27		1,650		1,609,872
New Jersey Educational Facilities Authority, (University of Medicine and Dentistry), 7.50%, 12/1/32		965		1,085,577
Rutgers State University, 5.00%, 5/1/39⁽¹⁾		3,150		3,233,759


			$	16,123,137




Electric Utilities — 2.5%

Salem County Pollution Control Financing Authority, (Public Service Enterprise Group, Inc.), (AMT), 5.75%, 4/1/31	$	1,500	$	1,501,995


			$	1,501,995




Escrowed / Prerefunded — 0.6%

New Jersey Transportation Trust Fund Authority, (Transportation System), Prerefunded to 12/15/18, 6.00%, 12/15/38	$	285	$	366,550


			$	366,550




General Obligations — 6.6%

Monmouth County Improvement Authority, (Governmental Pooled Loan), 5.00%, 1/15/28⁽²⁾	$	1,850	$	2,034,482
Monmouth County Improvement Authority, (Governmental Pooled Loan), 5.00%, 1/15/30		1,795		1,948,329


			$	3,982,811



Hospital — 21.4%

Camden County Improvement Authority, (Cooper Health System), 5.00%, 2/15/35	$	90	$	73,222
Camden County Improvement Authority, (Cooper Health System), 5.75%, 2/15/34		1,495		1,359,418
New Jersey Health Care Facilities Financing Authority, (AHS Hospital Corp.), 5.00%, 7/1/27		2,320		2,330,881
New Jersey Health Care Facilities Financing Authority, (Atlanticare Regional Medical Center), 5.00%, 7/1/37		2,370		2,305,939
New Jersey Health Care Facilities Financing Authority, (Chilton Memorial Hospital), 5.75%, 7/1/39		915		888,904
New Jersey Health Care Facilities Financing Authority, (Kennedy Health System), 5.625%, 7/1/31		1,525		1,505,953
New Jersey Health Care Facilities Financing Authority, (Robert Wood Johnson University Hospital), 5.00%, 7/1/31		1,000		998,700
New Jersey Health Care Facilities Financing Authority, (South Jersey Hospital), 5.00%, 7/1/46		2,530		2,326,462
New Jersey Health Care Facilities Financing Authority, (Virtua Health), 5.75%, 7/1/33		1,075		1,112,840


			$	12,902,319




Housing — 3.6%

New Jersey Housing & Mortgage Finance Agency, (Single Family Housing), (AMT), 4.70%, 10/1/37	$	680	$	624,193
New Jersey Housing & Mortgage Finance Agency, (Single Family Housing), (AMT), 5.00%, 10/1/37		1,640		1,561,083


			$	2,185,276




Industrial Development Revenue — 12.8%

Middlesex County Pollution Control Authority, (Amerada Hess), 5.75%, 9/15/32	$	500	$	500,745
Middlesex County Pollution Control Authority, (Amerada Hess), 6.05%, 9/15/34		540		542,554
New Jersey Economic Development Authority, (Anheuser-Busch Cos., Inc.), (AMT), 4.95%, 3/1/47		1,610		1,475,758
New Jersey Economic Development Authority, (Continental Airlines), (AMT), 6.25%, 9/15/29		215		200,154
New Jersey Economic Development Authority, (Continental Airlines), (AMT), 9.00%, 6/1/33		750		779,730
New Jersey Economic Development Authority, (New Jersey-American Water Co., Inc.), (AMT), 5.10%, 6/1/23		220		231,343
New Jersey Economic Development Authority, (New Jersey-American Water Co., Inc.), (AMT), 5.70%, 10/1/39		2,235		2,239,493
Virgin Islands Public Finance Authority, (HOVENSA LLC), (AMT), 4.70%, 7/1/22		2,080		1,732,079


			$	7,701,856

See Notes to Financial Statements.

Eaton Vance

New Jersey Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited) — continued


	Principal Amount
Security	(000’s omitted)		Value



Insured – Education — 1.1%

New Jersey Educational Facilities Authority, (Rowan University), (AGM), (FGIC), 3.00%, 7/1/28	$	825	$	678,125


			$	678,125




Insured – Gas Utilities — 8.1%

New Jersey Economic Development Authority, (New Jersey Natural Gas Co.), (FGIC), (NPFG), (AMT), 4.90%,to 10/1/25 (Put Date), 10/1/40	$	4,775	$	4,863,290


			$	4,863,290




Insured – General Obligations — 2.3%

Lakewood Township, (AGC), 5.75%, 11/1/31	$	1,240	$	1,375,346


			$	1,375,346




Insured – Hospital — 6.7%

New Jersey Health Care Facilities Financing Authority, (Hackensack University Medical Center), (AGC), 5.25%, 1/1/36⁽¹⁾	$	750	$	756,817
New Jersey Health Care Facilities Financing Authority, (Meridian Health Center), Series II, (AGC), 5.00%, 7/1/38		1,420		1,394,099
New Jersey Health Care Facilities Financing Authority, (Meridian Health Center), Series V, (AGC), 5.00%, 7/1/38⁽¹⁾		500		490,880
New Jersey Health Care Facilities Financing Authority, (Virtua Health), (AGC), 5.50%, 7/1/38		1,380		1,413,838


			$	4,055,634




Insured – Housing — 5.4%

New Jersey Housing and Mortgage Finance Agency, (Multi-Family Housing), (AGM), (AMT), 5.05%, 5/1/34	$	3,390	$	3,282,537


			$	3,282,537




Insured – Lease Revenue / Certificates of Participation — 4.4%

New Jersey Economic Development Authority, (School Facilities Construction), (AGC), 5.50%, 12/15/34	$	1,500	$	1,559,475
New Jersey Economic Development Authority, (School Facilities Construction), (FGIC), (NPFG), 5.50%, 9/1/28		1,000		1,072,270


			$	2,631,745




Insured – Other Revenue — 1.7%

Hudson County Improvement Authority, (Harrison Parking), (AGC), 5.25%, 1/1/39	$	1,015	$	1,049,896


			$	1,049,896




Insured – Special Tax Revenue — 11.7%

Garden State Preservation Trust, (AGM), 0.00%, 11/1/25	$	6,000	$	3,050,760
New Jersey Economic Development Authority, (Motor Vehicle Surcharges), (XLCA), 0.00%, 7/1/26		4,315		1,878,578
New Jersey Economic Development Authority, (Motor Vehicle Surcharges), (XLCA), 0.00%, 7/1/27		2,020		818,060
Puerto Rico Sales Tax Financing Corp., (AMBAC), 0.00%, 8/1/54		7,185		395,750
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/45		5,445		571,616
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/46		3,425		334,657


			$	7,049,421




Insured – Student Loan — 4.1%

New Jersey Higher Education Student Assistance Authority, (AGC), (AMT), 6.125%, 6/1/30	$	2,385	$	2,498,120


			$	2,498,120




Insured – Transportation — 4.1%

New Jersey Transportation Trust Fund Authority, (Transportation System), (AMBAC), (BHAC), 0.00%, 12/15/26	$	1,960	$	877,394
New Jersey Transportation Trust Fund Authority, (Transportation System), (BHAC), (FGIC), 0.00%, 12/15/31		4,000		1,249,040
South Jersey Transportation Authority, (AGC), 5.50%, 11/1/33		315		335,831


			$	2,462,265




Insured – Water and Sewer — 3.2%

New Jersey Economic Development Authority, (United Water New Jersey, Inc.), (AMBAC), (AMT), 4.875%, 11/1/25	$	1,940	$	1,952,862


			$	1,952,862

See Notes to Financial Statements.

Eaton Vance

New Jersey Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited) — continued


	Principal Amount
Security	(000’s omitted)		Value



Lease Revenue / Certificates of Participation — 5.5%

New Jersey Economic Development Authority, (School Facilities Construction), 5.25%, 12/15/33	$	1,500	$	1,530,015
New Jersey Health Care Facilities Financing Authority, (Hospital Asset Transformation Program), 5.25%, 10/1/38		1,760		1,759,859


			$	3,289,874




Other Revenue — 7.1%

Children’s Trust Fund, PR, Tobacco Settlement, 0.00%, 5/15/50	$	7,200	$	240,408
Children’s Trust Fund, PR, Tobacco Settlement, 0.00%, 5/15/55		13,280		209,160
New Jersey Economic Development Authority, (Duke Farms Foundation), 5.00%, 7/1/48⁽¹⁾		2,700		2,754,567
Port Authority of New York and New Jersey, (JFK International Air Terminal LLC), 6.00%, 12/1/42		500		499,720
Tobacco Settlement Financing Corp., 5.00%, 6/1/41		900		576,126


			$	4,279,981




Senior Living / Life Care — 3.0%

New Jersey Economic Development Authority, (Cranes Mill, Inc.), 5.875%, 7/1/28	$	465	$	444,005
New Jersey Economic Development Authority, (Cranes Mill, Inc.), 6.00%, 7/1/38		770		712,920
New Jersey Economic Development Authority, (Seabrook Village), 5.25%, 11/15/36		815		644,958


			$	1,801,883




Special Tax Revenue — 2.1%

New Jersey Economic Development Authority, (Newark Downtown District Management Corp.), 5.125%, 6/15/27	$	100	$	91,934
New Jersey Economic Development Authority, (Newark Downtown District Management Corp.), 5.125%, 6/15/37		175		148,256
Puerto Rico Sales Tax Financing Corp., 5.75%, 8/1/37		500		505,535
Virgin Islands Public Finance Authority, 6.75%, 10/1/37		500		524,055


			$	1,269,780




Student Loan — 4.1%

New Jersey Higher Education Student Assistance Authority, (AMT), Variable Rate, 1.261%, 6/1/36^(1)(3)(4)	$	2,500	$	2,440,875


			$	2,440,875




Transportation — 17.2%

Delaware River Port Authority of Pennsylvania and New Jersey, 5.00%, 1/1/35	$	1,060	$	1,065,470
Delaware River Port Authority of Pennsylvania and New Jersey, 5.00%, 1/1/40		1,080		1,080,324
New Jersey Transportation Trust Fund Authority, (Transportation System), 5.875%, 12/15/38		250		262,075
New Jersey Transportation Trust Fund Authority, (Transportation System), 6.00%, 12/15/38		530		567,227
New Jersey Turnpike Authority, 5.25%, 1/1/40		3,600		3,666,312
Port Authority of New York and New Jersey, 4.50%, 11/1/33		480		477,634
Port Authority of New York and New Jersey, (AMT), 5.75%, 3/15/35⁽¹⁾		1,995		2,072,166
South Jersey Port Authority, (Marine Terminal), 5.10%, 1/1/33		1,175		1,176,986


			$	10,368,194



Total Tax-Exempt Investments — 166.0%
(identified cost $101,184,794)			$	100,113,772



Auction Preferred Shares Plus Cumulative
Unpaid Dividends — (55.4)%			$	(33,425,836	)



Other Assets, Less Liabilities — (10.6)%			$	(6,388,407	)



Net Assets Applicable to Common Shares — 100.0%			$	60,299,529

The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares.


AGC		- Assured Guaranty Corp.
AGM		- Assured Guaranty Municipal 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
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, 2011, 31.9% 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 2.1% to 10.9% of total investments.


⁽¹⁾		Security represents the municipal bond held by a trust that issues residual interest bonds (see Note 1H).

See Notes to Financial Statements.

Eaton Vance

New Jersey Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited) — continued


⁽²⁾		Security (or a portion thereof) has been pledged to cover margin requirements on open financial futures contracts.

⁽³⁾		Variable rate security. The stated interest rate represents the rate in effect at May 31, 2011.

⁽⁴⁾		Security (or a portion thereof) has been pledged as collateral for residual interest bond transactions. The aggregate value of such collateral is $440,875.

See Notes to Financial Statements.

Eaton Vance

New York Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited)


Tax-Exempt Investments — 171.8%

	Principal Amount
Security	(000’s omitted)		Value



Cogeneration — 1.5%

Suffolk County Industrial Development Agency, (Nissequogue Cogeneration Partners Facility), (AMT), 5.50%, 1/1/23	$	1,150	$	1,020,832


			$	1,020,832




Education — 26.3%

Geneva Industrial Development Agency, (Hobart & William Smith Project), 5.375%, 2/1/33	$	315	$	317,095
New York City Cultural Resource Trust, (The Juilliard School), 5.00%, 1/1/34		1,490		1,541,718
New York City Cultural Resource Trust, (The Juilliard School), 5.00%, 1/1/39		325		333,125
New York Dormitory Authority, (Brooklyn Law School), 5.75%, 7/1/33		510		546,001
New York Dormitory Authority, (Columbia University), 5.00%, 7/1/38⁽¹⁾		1,000		1,043,870
New York Dormitory Authority, (Columbia University), 5.00%, 10/1/41		725		765,005
New York Dormitory Authority, (Cornell University), 5.00%, 7/1/34		510		534,317
New York Dormitory Authority, (Cornell University), 5.00%, 7/1/39		2,000		2,077,360
New York Dormitory Authority, (Fordham University), 5.50%, 7/1/36		1,000		1,039,580
New York Dormitory Authority, (Rochester Institute of Technology), 6.00%, 7/1/33		2,250		2,426,512
New York Dormitory Authority, (Rockefeller University), 5.00%, 7/1/40		2,500		2,579,550
New York Dormitory Authority, (Skidmore College), 5.00%, 7/1/27		325		344,399
New York Dormitory Authority, (Skidmore College), 5.25%, 7/1/29		400		424,920
New York Dormitory Authority, (St. Francis College), 5.00%, 10/1/40		1,495		1,481,261
New York Dormitory Authority, (The New School), 5.50%, 7/1/40		2,000		2,058,220
Onondaga Civic Development Corp., (Le Moyne College), 5.20%, 7/1/29		280		273,258
Onondaga Civic Development Corp., (Le Moyne College), 5.375%, 7/1/40		735		697,236


			$	18,483,427




Electric Utilities — 4.5%

Long Island Power Authority, Electric System Revenue, 6.00%, 5/1/33	$	1,420	$	1,559,984
Suffolk County Industrial Development Agency, (Keyspan-Port Jefferson), (AMT), 5.25%, 6/1/27		1,645		1,620,522


			$	3,180,506




General Obligations — 16.3%

New York, 5.00%, 2/15/34⁽²⁾	$	4,000	$	4,224,880
New York City, 5.25%, 9/15/33⁽²⁾		6,000		6,076,200
New York City, 6.25%, 10/15/28		1,000		1,142,310


			$	11,443,390




Health Care – Miscellaneous — 2.8%

New York City Industrial Development Agency, (A Very Special Place, Inc.), 5.75%, 1/1/29	$	1,115	$	903,663
New York City Industrial Development Agency, (Ohel Children’s Home), 6.25%, 8/15/22		1,200		914,712
Suffolk County Industrial Development Agency, (Alliance of Long Island Agencies), Series A, Class H, 7.50%, 9/1/15		50		50,704
Suffolk County Industrial Development Agency, (Alliance of Long Island Agencies), Series A, Class I, 7.50%, 9/1/15		100		101,408


			$	1,970,487




Hospital — 23.7%

Dutchess County Local Development Corp., (Health Quest Systems, Inc.), 5.75%, 7/1/30	$	130	$	133,507
Dutchess County Local Development Corp., (Health Quest Systems, Inc.), 5.75%, 7/1/40		960		962,640
Fulton County Industrial Development Agency, (Nathan Littauer Hospital), 6.00%, 11/1/18		1,165		1,104,839
Monroe County Industrial Development Agency, (Highland Hospital), 5.00%, 8/1/25		2,490		2,469,383
Nassau County Industrial Development Agency, (North Shore Health System), 6.25%, 11/1/21		400		402,820
New York Dormitory Authority, (Lenox Hill Hospital), 5.50%, 7/1/30		1,500		1,491,165
New York Dormitory Authority, (Methodist Hospital), 5.25%, 7/1/33		2,000		1,909,380
New York Dormitory Authority, (Mount Sinai Hospital), 5.00%, 7/1/26		1,000		1,019,710
New York Dormitory Authority, (North Shore-Long Island Jewish Obligated Group), 5.00%, 11/1/34		845		810,093
New York Dormitory Authority, (NYU Hospital Center), 5.625%, 7/1/37		1,250		1,254,712

See Notes to Financial Statements.

Eaton Vance

New York Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited) — continued


	Principal Amount
Security	(000’s omitted)		Value


Hospital (continued)


New York Dormitory Authority, (Orange Regional Medical Center), 6.125%, 12/1/29	$	415	$	392,723
New York Dormitory Authority, (Orange Regional Medical Center), 6.25%, 12/1/37		835		780,391
Oneida County Industrial Development Agency, (St. Elizabeth’s Medical Center), 5.75%, 12/1/19		1,250		1,194,612
Saratoga County Industrial Development Agency, (Saratoga Hospital), 5.25%, 12/1/32		650		604,884
Suffolk County Industrial Development Agency, (Huntington Hospital), 6.00%, 11/1/22		2,105		2,146,911


			$	16,677,770




Housing — 16.7%

New York City Housing Development Corp., MFMR, (AMT), 5.05%, 11/1/39	$	1,500	$	1,412,700
New York City Housing Development Corp., MFMR, (AMT), 5.20%, 11/1/40		2,620		2,535,584
New York Housing Finance Agency, 5.25%, 11/1/41		1,000		1,003,290
New York Housing Finance Agency, (FNMA), (AMT), 5.40%, 11/15/42		2,625		2,605,286
New York Mortgage Agency, (AMT), 4.875%, 10/1/30		1,500		1,430,340
New York Mortgage Agency, (AMT), 4.90%, 10/1/37		1,930		1,795,093
New York Mortgage Agency, (AMT), 5.125%, 10/1/37		1,000		965,600


			$	11,747,893




Industrial Development Revenue — 9.3%

Essex County Industrial Development Agency, (International Paper Company), (AMT), 6.625%, 9/1/32	$	1,000	$	1,046,040
New York City Industrial Development Agency, (American Airlines, Inc. - JFK International Airport), (AMT), 8.00%, 8/1/12		1,500		1,549,080
New York Liberty Development Corp., (Goldman Sachs Group, Inc.), 5.25%, 10/1/35		1,000		1,001,290
Onondaga County Industrial Development Agency, (Anheuser-Busch Cos., Inc.), (AMT), 6.25%, 12/1/34		2,500		2,501,900
Port Authority of New York and New Jersey, (Continental Airlines), (AMT), 9.125%, 12/1/15		430		434,816


			$	6,533,126




Insured – Education — 6.3%

New York Dormitory Authority, (City University), (AMBAC), 5.50%, 7/1/35	$	1,250	$	1,203,950
New York Dormitory Authority, (State University), (BHAC), 5.00%, 7/1/38⁽²⁾		1,500		1,538,145
Oneida County Industrial Development Agency, (Hamilton College), (NPFG), 0.00%, 7/1/33		5,365		1,667,603


			$	4,409,698




Insured – Electric Utilities — 2.1%

Long Island Power Authority, Electric System Revenue, (BHAC), 5.75%, 4/1/33	$	1,365	$	1,497,746


			$	1,497,746




Insured – Escrowed / Prerefunded — 1.7%

New York Dormitory Authority, (Memorial Sloan-Kettering Cancer Center), (NPFG), Escrowed to Maturity, 0.00%, 7/1/26	$	855	$	491,095
New York Dormitory Authority, (Memorial Sloan-Kettering Cancer Center), (NPFG), Escrowed to Maturity, 0.00%, 7/1/27		1,280		694,272


			$	1,185,367




Insured – Lease Revenue / Certificates of Participation — 3.7%

Hudson Yards Infrastructure Corp., (NPFG), 4.50%, 2/15/47	$	3,135	$	2,626,503


			$	2,626,503




Insured – Other Revenue — 2.7%

New York City Industrial Development Agency, (Yankee Stadium), (AGC), 0.00%, 3/1/31	$	2,645	$	835,635
New York City Industrial Development Agency, (Yankee Stadium), (AGC), 0.00%, 3/1/32		3,625		1,071,659


			$	1,907,294




Insured – Special Tax Revenue — 5.6%

New York Convention Center Development Corp., Hotel Occupancy Tax, (AMBAC), 4.75%, 11/15/45	$	995	$	908,017
Puerto Rico Infrastructure Financing Authority, (AMBAC), 0.00%, 7/1/34		4,440		859,984
Puerto Rico Sales Tax Financing Corp., (AMBAC), 0.00%, 8/1/54		19,745		1,087,554

See Notes to Financial Statements.

Eaton Vance

New York Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited) — continued


	Principal Amount
Security	(000’s omitted)		Value


Insured – Special Tax Revenue (continued)


Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/45	$	6,705	$	703,891
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/46		4,225		412,825


			$	3,972,271




Insured – Transportation — 2.8%

Metropolitan Transportation Authority, (AGC), 4.50%, 11/15/38	$	590	$	559,261
Niagara Frontier Airport Authority, (Buffalo Niagara International Airport), (NPFG), (AMT), 5.625%, 4/1/29		1,475		1,422,623


			$	1,981,884




Insured – Water and Sewer — 1.3%

Nassau County Industrial Development Agency, (Water Services Corp.), (AMBAC), (AMT), 5.00%, 12/1/35	$	1,000	$	897,860


			$	897,860




Lease Revenue / Certificates of Participation — 4.0%

New York City Transitional Finance Authority, (Building Aid), 4.50%, 1/15/38	$	1,875	$	1,765,350
New York City Transitional Finance Authority, (Building Aid), 5.50%, 7/15/31		1,000		1,066,890


			$	2,832,240




Other Revenue — 5.0%

Albany Industrial Development Agency, Civic Facility, (Charitable Leadership), 5.75%, 7/1/26	$	1,285	$	816,489
Brooklyn Arena Local Development Corp., (Barclays Center), 0.00%, 7/15/31		3,120		875,691
Brooklyn Arena Local Development Corp., (Barclays Center), 6.25%, 7/15/40		380		382,356
New York City Cultural Resource Trust, (Museum of Modern Art), 5.00%, 4/1/31		1,415		1,474,388


			$	3,548,924




Senior Living / Life Care — 2.8%

Mount Vernon Industrial Development Agency, (Wartburg Senior Housing, Inc.), 6.20%, 6/1/29	$	1,450	$	1,273,216
Suffolk County Economic Development Corp., (Peconic Landing at Southold, Inc.), 6.00%, 12/1/40		665		667,387


			$	1,940,603




Special Tax Revenue — 9.0%

Metropolitan Transportation Authority, Dedicated Tax Revenue, 5.00%, 11/15/34	$	1,500	$	1,529,490
New York City Transitional Finance Authority, Future Tax Revenue, 5.50%, 11/1/35⁽²⁾⁽³⁾		2,100		2,285,724
New York Dormitory Authority, Personal Income Tax Revenue, (University & College Improvements), 5.25%, 3/15/38		1,000		1,044,410
New York Urban Development Corp., Personal Income Tax Revenue, 5.00%, 3/15/32		900		930,294
Virgin Islands Public Finance Authority, 6.75%, 10/1/37		545		571,220


			$	6,361,138




Transportation — 10.7%

Metropolitan Transportation Authority, 5.00%, 11/15/37	$	790	$	773,521
Port Authority of New York and New Jersey, 5.00%, 11/15/37⁽²⁾		1,900		1,943,586
Port Authority of New York and New Jersey, (AMT), 4.75%, 6/15/33		960		920,592
Port Authority of New York and New Jersey, (AMT), 5.75%, 3/15/35⁽²⁾		990		1,028,293
Triborough Bridge and Tunnel Authority, 5.25%, 11/15/34		10		10,467
Triborough Bridge and Tunnel Authority, 5.25%, 11/15/34⁽²⁾		2,740		2,867,985


			$	7,544,444




Water and Sewer — 13.0%

Dutchess County Water and Wastewater Authority, 0.00%, 10/1/34	$	585	$	184,591
Dutchess County Water and Wastewater Authority, 0.00%, 10/1/35		325		95,999
New York City Municipal Water Finance Authority, (Water and Sewer System), 5.75%, 6/15/40⁽²⁾		3,105		3,392,647
New York Environmental Facilities Corp., 5.00%, 10/15/39		1,730		1,808,715

See Notes to Financial Statements.

Eaton Vance

New York Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited) — continued


	Principal Amount
Security	(000’s omitted)		Value


Water and Sewer (continued)


New York Environmental Facilities Corp., Clean Water and Drinking Water, (Municipal Water Finance), 5.00%, 6/15/37⁽²⁾	$	2,535	$	2,633,155
Saratoga County Water Authority, 5.00%, 9/1/48		1,000		1,010,160


			$	9,125,267



Total Tax-Exempt Investments — 171.8%
(identified cost $122,256,323)			$	120,888,670



Auction Preferred Shares Plus Cumulative
Unpaid Dividends — (47.9)%			$	(33,726,407	)



Other Assets, Less Liabilities — (23.9)%			$	(16,814,127	)



Net Assets Applicable to Common Shares — 100.0%			$	70,348,136

The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares.


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
MFMR		- Multi-Family Mortgage Revenue
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, 2011, 15.3% 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 2.0% to 6.6% 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 municipal bond held by a trust that issues residual interest bonds (see Note 1H).

⁽³⁾		Security (or a portion thereof) has been pledged as collateral for residual interest bond transactions. The aggregate value of such collateral is $710,724.

See Notes to Financial Statements.

Eaton Vance

Ohio Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited)


Tax-Exempt Investments — 158.5%

	Principal Amount
Security	(000’s omitted)		Value



Bond Bank — 11.3%

Ohio Economic Development Commission, (Ohio Enterprise Bond Fund), (AMT), 4.85%, 6/1/25	$	550	$	559,086
Ohio Economic Development Commission, (Ohio Enterprise Bond Fund), (AMT), 5.85%, 12/1/22		1,020		1,059,117
Rickenbacker Port Authority, Oasbo Expanded Asset Pool Loan, 5.375%, 1/1/32		1,245		1,260,463
Summit County Port Authority, (Twinsburg Township), 5.125%, 5/15/25		295		254,369
Toledo-Lucas County Port Authority, 5.40%, 5/15/19		1,100		980,694


			$	4,113,729




Education — 15.2%

Ohio Higher Educational Facility Commission, (Kenyon College), 5.00%, 7/1/44	$	500	$	472,230
Ohio Higher Educational Facility Commission, (Kenyon College), 5.25%, 7/1/44		1,250		1,228,750
Ohio Higher Educational Facility Commission, (University of Dayton), 5.50%, 12/1/36		1,000		1,016,880
Ohio State University, 5.00%, 12/1/28		500		544,350
Ohio State University, 5.00%, 12/1/30		1,675		1,802,233
University of Cincinnati, 5.00%, 6/1/34		500		500,185


			$	5,564,628




Electric Utilities — 2.1%

Clyde, Electric System Revenue, (AMT), 6.00%, 11/15/14	$	255	$	254,985
Ohio Air Quality Development Authority, (Buckeye Power, Inc.), 6.00%, 12/1/40		500		506,680


			$	761,665




Escrowed / Prerefunded — 2.8%

Mahoning County, (Career and Technical Center), Prerefunded to 12/1/11, 6.25%, 12/1/36	$	1,000	$	1,029,010


			$	1,029,010




General Obligations — 22.5%

Barberton City School District, 4.50%, 12/1/33	$	1,000	$	957,540
Beavercreek City School District, 5.00%, 12/1/30		1,750		1,842,470
Central Ohio Solid Waste Authority, 5.125%, 9/1/27		1,090		1,158,332
Columbus, 5.00%, 7/1/23⁽¹⁾		500		528,170
Columbus City School District, 5.00%, 12/1/29		1,000		1,059,990
Huber Heights City School District, 4.75%, 12/1/25		595		617,158
Maple Heights City School District, 5.00%, 1/15/37		1,000		1,012,400
Symmes Township, Hamilton County, (Parkland Acquisition & Improvement), 5.25%, 12/1/37		1,000		1,066,620


			$	8,242,680




Hospital — 13.9%

Franklin County, (Nationwide Children’s Hospital), 5.00%, 11/1/34	$	800	$	785,880
Hancock County, (Blanchard Valley Regional Health Center), 6.25%, 12/1/34		750		756,097
Miami County, (Upper Valley Medical Center), 5.25%, 5/15/26		500		500,635
Montgomery County, (Catholic Health Initiatives), 5.50%, 5/1/34		500		514,180
Ohio Higher Educational Facility Commission, (Cleveland Clinic Health System), 5.50%, 1/1/39		1,000		1,019,810
Ohio Higher Educational Facility Commission, (Summa Health System), 5.75%, 11/15/40		600		559,812
Ohio Higher Educational Facility Commission, (University Hospitals Health System, Inc.), 4.75%, 1/15/46		730		599,323
Richland County Hospital Facilities, (MedCentral Health Systems), 6.375%, 11/15/22		330		333,739


			$	5,069,476




Housing — 11.0%

Ohio Housing Finance Agency, (Residential Mortgage-Backed Securities), (AMT), 4.625%, 9/1/27	$	965	$	902,545
Ohio Housing Finance Agency, (Residential Mortgage-Backed Securities), (AMT), 4.75%, 3/1/37		500		456,980
Ohio Housing Finance Agency, (Residential Mortgage-Backed Securities), (AMT), 5.00%, 9/1/31		325		314,915
Ohio Housing Finance Agency, (Uptown Community Partners), (AMT), 5.25%, 4/20/48		2,500		2,362,850


			$	4,037,290




Industrial Development Revenue — 8.5%

Cleveland Airport, (Continental Airlines), (AMT), 5.375%, 9/15/27	$	750	$	633,863
Ohio Water Development Authority, (Anheuser-Busch Cos., Inc.), (AMT), 6.00%, 8/1/38		2,250		2,250,675
Ohio Water Development Authority, Solid Waste Disposal, (Allied Waste North America, Inc.), (AMT), 5.15%, 7/15/15		225		229,646


			$	3,114,184

See Notes to Financial Statements.

Eaton Vance

Ohio Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited) — continued


	Principal Amount
Security	(000’s omitted)		Value



Insured – Education — 13.3%

Hamilton County, (University Heights Community Urban Development Corp.), (AGM), 5.00%, 6/1/30	$	750	$	772,185
Kent State University, (AGC), 5.00%, 5/1/26		1,000		1,050,280
Kent State University, (AGC), 5.00%, 5/1/29		465		478,294
Miami University, (AMBAC), 3.25%, 9/1/26		635		554,146
University of Akron, Series A, (AGM), 5.00%, 1/1/38		1,500		1,518,810
University of Akron, Series B, (AGM), 5.00%, 1/1/38		500		505,990


			$	4,879,705




Insured – Electric Utilities — 13.2%

American Municipal Power-Ohio, Inc., (Prairie State Energy Campus), (AGC), 5.75%, 2/15/39	$	1,000	$	1,038,000
Cleveland Public Power System, (NPFG), 0.00%, 11/15/27		710		289,346
Cleveland Public Power System, (NPFG), 0.00%, 11/15/38		2,000		391,020
Ohio Municipal Electric Generation Agency, (NPFG), 0.00%, 2/15/25		830		405,140
Ohio Municipal Electric Generation Agency, (NPFG), 0.00%, 2/15/26		3,000		1,364,460
Ohio Water Development Authority, (Dayton Power & Light), (FGIC), 4.80%, 1/1/34		425		411,043
Puerto Rico Electric Power Authority, (FGIC), (NPFG), 5.25%, 7/1/30		210		205,777
Puerto Rico Electric Power Authority, (FGIC), (NPFG), 5.25%, 7/1/34		250		240,292
Puerto Rico Electric Power Authority, (NPFG), 5.25%, 7/1/26		500		500,235


			$	4,845,313




Insured – General Obligations — 18.0%

Brookfield Local School District, (AGM), 5.00%, 1/15/30	$	200	$	205,950
Buckeye Valley Local School District, (AGC), 5.00%, 12/1/36		500		511,930
Canal Winchester Local School District, (NPFG), 0.00%, 12/1/30		2,455		872,875
Cincinnati City School District, (FGIC), (NPFG), 5.25%, 12/1/30		1,000		1,100,120
Madeira City School District, (AGM), 3.50%, 12/1/27		1,500		1,322,610
Milford Exempt Village School District, (AGC), 5.25%, 12/1/36		1,750		1,797,442
St. Marys City School District, (AGM), 5.00%, 12/1/35		750		757,718


			$	6,568,645




Insured – Hospital — 6.3%

Hamilton County, (Cincinnati Children’s Hospital), (FGIC), (NPFG), 5.00%, 5/15/32	$	545	$	455,408
Hamilton County, (Cincinnati Children’s Hospital), (FGIC), (NPFG), 5.125%, 5/15/28		1,500		1,351,155
Lorain County, (Catholic Healthcare Partners), (AGM), Variable Rate, 14.896%, 2/1/29^(2)(3)(4)		485		490,005


			$	2,296,568




Insured – Lease Revenue / Certificates of Participation — 1.1%

Summit County, (Civic Theater Project), (AMBAC), 5.00%, 12/1/33	$	500	$	399,965


			$	399,965




Insured – Special Tax Revenue — 3.0%

Puerto Rico Sales Tax Financing Corp., (AMBAC), 0.00%, 8/1/54	$	9,905	$	545,568
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/45		3,340		350,633
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/46		2,100		205,191


			$	1,101,392




Insured – Transportation — 6.2%

Ohio Turnpike Commission, (FGIC), (NPFG), 5.50%, 2/15/24	$	1,000	$	1,123,560
Ohio Turnpike Commission, (FGIC), (NPFG), 5.50%, 2/15/26		1,000		1,154,000


			$	2,277,560




Insured – Water and Sewer — 2.2%

Marysville Wastewater Treatment System, (AGC), (XLCA), 4.75%, 12/1/46	$	215	$	201,546
Marysville Wastewater Treatment System, (AGC), (XLCA), 4.75%, 12/1/47		625		585,506


			$	787,052




Lease Revenue / Certificates of Participation — 1.4%

Franklin County Convention Facilities Authority, 5.00%, 12/1/27	$	500	$	525,885


			$	525,885

See Notes to Financial Statements.

Eaton Vance

Ohio Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited) — continued


	Principal Amount
Security	(000’s omitted)		Value



Other Revenue — 3.8%

Buckeye Tobacco Settlement Financing Authority, 5.875%, 6/1/47	$	710	$	486,847
Riversouth Authority, (Lazarus Building Redevelopment), 5.75%, 12/1/27		1,000		893,630


			$	1,380,477




Special Tax Revenue — 1.2%

Guam, Limited Obligation Bonds, 5.625%, 12/1/29	$	155	$	154,912
Guam, Limited Obligation Bonds, 5.75%, 12/1/34		170		170,226
Virgin Islands Public Finance Authority, 6.75%, 10/1/37		110		115,292


			$	440,430




Water and Sewer — 1.5%

Ohio Water Development Authority, Water Pollution Control, (Water Quality), 5.00%, 12/1/28	$	250	$	270,957
Ohio Water Development Authority, Water Pollution Control, (Water Quality), 5.00%, 6/1/30		250		267,400


			$	538,357



Total Tax-Exempt Investments — 158.5%
(identified cost $58,960,576)			$	57,974,011



Auction Preferred Shares Plus Cumulative
Unpaid Dividends — (62.1)%			$	(22,726,328	)



Other Assets, Less Liabilities — 3.6%			$	1,333,288



Net Assets Applicable to Common Shares — 100.0%			$	36,580,971

The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares.


AGC		- Assured Guaranty Corp.
AGM		- Assured Guaranty Municipal 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
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, 2011, 39.9% 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 1.4% to 17.3% 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 pursuant to Rule 144A under the Securities Act of 1933. These securities may be sold in certain transactions (normally to qualified institutional buyers) and remain exempt from registration. At May 31, 2011, the aggregate value of these securities is $490,005 or 1.3% of the Trust’s net assets applicable to common shares.

⁽³⁾		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 held by the trust that issued the residual interest bond. 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 held by the trust that issued the residual interest bond.

⁽⁴⁾		Security has been issued as a leveraged residual interest bond. The stated interest rate represents the rate in effect at May 31, 2011.

See Notes to Financial Statements.

Eaton Vance

Pennsylvania Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited)


Tax-Exempt Investments — 159.9%

	Principal Amount
Security	(000’s omitted)		Value



Bond Bank — 2.8%

Delaware Valley Regional Finance Authority, 5.75%, 7/1/32	$	1,000	$	1,012,790


			$	1,012,790




Cogeneration — 2.3%

Pennsylvania Economic Development Financing Authority, (Northampton Generating), (AMT), 6.50%, 1/1/13	$	100	$	65,838
Pennsylvania Economic Development Financing Authority, (Northampton Generating), (AMT), 6.60%, 1/1/19		500		278,120
Pennsylvania Economic Development Financing Authority, (Resource Recovery-Colver), (AMT), 5.125%, 12/1/15		475		460,237


			$	804,195




Education — 17.8%

Allegheny County Higher Education Building Authority, (Duquesne University), 5.50%, 3/1/31	$	1,050	$	1,099,948
Bucks County Industrial Development Authority, (George School), 5.00%, 9/15/39		500		513,795
Cumberland County Municipal Authority, (Dickinson College), 5.00%, 11/1/39		1,200		1,208,724
Northampton County General Purpose Authority, (Lehigh University), 5.00%, 11/15/39		500		511,350
Pennsylvania Higher Educational Facilities Authority, (Saint Joseph’s University), 5.00%, 11/1/40		625		597,638
Pennsylvania Higher Educational Facilities Authority, (Thomas Jefferson University), 5.00%, 3/1/40		625		625,169
Pennsylvania State University, 5.00%, 3/1/40		500		518,435
State Public School Building Authority, (Northampton County Area Community College), 5.50%, 3/1/31		750		771,885
Washington County Industrial Development Authority, (Washington and Jefferson College), 5.25%, 11/1/30		500		513,770


			$	6,360,714




Electric Utilities — 1.7%

York County Industrial Development Authority, Pollution Control Revenue, (Public Service Enterprise Group, Inc.), 5.50%, 9/1/20	$	600	$	610,980


			$	610,980




Escrowed / Prerefunded — 1.8%

Bucks County Industrial Development Authority, (Pennswood Village), Prerefunded to 10/1/12, 6.00%, 10/1/27	$	600	$	649,038


			$	649,038




General Obligations — 7.4%

Chester County, 5.00%, 7/15/27⁽¹⁾	$	500	$	552,790
Daniel Boone Area School District, 5.00%, 8/15/32		1,000		1,025,150
Philadelphia School District, 6.00%, 9/1/38		1,000		1,050,490


			$	2,628,430




Hospital — 22.5%

Allegheny County Hospital Development Authority, (University of Pittsburgh Medical Center), 5.50%, 8/15/34	$	500	$	507,870
Chester County Health and Education Facilities Authority, (Jefferson Health System), 5.00%, 5/15/40		750		721,155
Dauphin County General Authority, (Pinnacle Health System), 6.00%, 6/1/29		750		760,447
Lehigh County General Purpose Authority, (Lehigh Valley Health Network), 5.25%, 7/1/32		1,215		1,218,475
Lycoming County Authority, (Susquehanna Health System), 5.75%, 7/1/39		750		695,017
Monroe County Hospital Authority, (Pocono Medical Center), 5.25%, 1/1/43		1,500		1,377,015
Northampton County General Purpose Authority, (Saint Luke’s Hospital), 5.50%, 8/15/33		250		232,148
Pennsylvania Higher Educational Facilities Authority, (University of Pennsylvania Health System), 6.00%, 8/15/26⁽²⁾		1,000		1,101,700
Pennsylvania Higher Educational Facilities Authority, (UPMC Health System), 5.00%, 5/15/31		675		669,094
South Fork Municipal Authority, (Conemaugh Health System), 5.50%, 7/1/29		250		241,925
Washington County Hospital Authority, (Monongahela Hospital), 5.50%, 6/1/17		500		514,225


			$	8,039,071




Housing — 16.6%

Allegheny County Residential Finance Authority, SFMR, (AMT), 4.95%, 11/1/37	$	460	$	432,874
Allegheny County Residential Finance Authority, SFMR, (AMT), 5.00%, 5/1/35		1,115		1,081,661
Pennsylvania Housing Finance Agency, SFMR, (AMT), 4.70%, 10/1/37		875		804,352

See Notes to Financial Statements.

Eaton Vance

Pennsylvania Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited) — continued


	Principal Amount
Security	(000’s omitted)		Value


Housing (continued)


Pennsylvania Housing Finance Agency, SFMR, (AMT), 4.75%, 10/1/25	$	500	$	488,785
Pennsylvania Housing Finance Agency, SFMR, (AMT), 4.875%, 4/1/26		910		896,250
Pennsylvania Housing Finance Agency, SFMR, (AMT), 4.875%, 10/1/31		500		476,700
Pennsylvania Housing Finance Agency, SFMR, (AMT), 4.90%, 10/1/37		975		923,871
Pennsylvania Housing Finance Agency, SFMR, (AMT), 5.15%, 10/1/37		870		839,559


			$	5,944,052




Industrial Development Revenue — 10.6%

Luzerne County Industrial Development Authority, (Pennsylvania-American Water Co.), 5.50%, 12/1/39	$	200	$	201,146
Montgomery County Industrial Development Authority, (Aqua Pennsylvania, Inc.), (AMT), 5.25%, 7/1/42		750		725,977
Pennsylvania Economic Development Financing Authority, (Pennsylvania-American Water Co.), 6.20%, 4/1/39		250		266,725
Pennsylvania Economic Development Financing Authority, (Procter & Gamble Paper Products Co.), (AMT), 5.375%, 3/1/31		1,000		1,038,330
Pennsylvania Economic Development Financing Authority, (Waste Management, Inc.), (AMT), 5.10%, 10/1/27		500		481,560
Puerto Rico Port Authority, (American Airlines, Inc.), (AMT), 6.25%, 6/1/26		1,325		1,073,926


			$	3,787,664




Insured – Education — 12.5%

Lycoming County Authority, (Pennsylvania College of Technology), (AGC), 5.50%, 10/1/37	$	500	$	512,105
Lycoming County Authority, (Pennsylvania College of Technology), (AMBAC), 5.25%, 5/1/32		1,675		1,574,734
Pennsylvania Higher Educational Facilities Authority, (Drexel University), (NPFG), 5.00%, 5/1/37		1,115		1,109,336
State Public School Building Authority, (Delaware County Community College), (AGM), 5.00%, 10/1/29		375		387,574
State Public School Building Authority, (Delaware County Community College), (AGM), 5.00%, 10/1/32		875		890,899


			$	4,474,648




Insured – Escrowed / Prerefunded — 9.0%

Pennsylvania Turnpike Commission, Oil Franchise Tax, (AMBAC), Escrowed to Maturity, 4.75%, 12/1/27	$	1,600	$	1,615,904
Westmoreland Municipal Authority, (FGIC), Escrowed to Maturity, 0.00%, 8/15/19		2,000		1,598,180


			$	3,214,084




Insured – General Obligations — 4.6%

Beaver County, (AGM), 5.55%, 11/15/31	$	500	$	528,115
Bethlehem Area School District, (AGM), 5.25%, 1/15/25		750		796,680
West Mifflin Area School District, (AGM), 5.125%, 4/1/31		300		311,679


			$	1,636,474




Insured – Hospital — 11.0%

Allegheny County Hospital Development Authority, (UPMC Health System), (NPFG), 6.00%, 7/1/24	$	250	$	293,275
Delaware County General Authority, (Catholic Health East), (AMBAC), 4.875%, 11/15/26		355		354,979
Lehigh County General Purpose Authority, (Lehigh Valley Health Network), (AGM), 5.00%, 7/1/35		1,440		1,401,595
Montgomery County Higher Education and Health Authority, (Abington Memorial Hospital), (AMBAC), 5.00%, 6/1/28		1,900		1,884,971


			$	3,934,820




Insured – Lease Revenue / Certificates of Participation — 4.9%

Commonwealth Financing Authority, (AGC), 5.00%, 6/1/31	$	500	$	512,420
Philadelphia Authority for Industrial Development, (One Benjamin Franklin), (AGM), 4.75%, 2/15/27		1,195		1,222,127


			$	1,734,547





Insured – Special Tax Revenue — 3.1%

Puerto Rico Sales Tax Financing Corp., (AMBAC), 0.00%, 8/1/54	$	9,870	$	543,640
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/45		3,350		351,683
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/46		2,100		205,191


			$	1,100,514

See Notes to Financial Statements.

Eaton Vance

Pennsylvania Municipal Income Trust

May 31, 2011

Portfolio of Investments (Unaudited) — continued


	Principal Amount
Security	(000’s omitted)		Value



Insured – Transportation — 9.0%

Philadelphia, Airport Revenue, (AGM), (AMT), 5.00%, 6/15/27	$	500	$	492,135
Philadelphia Parking Authority, (AMBAC), 5.25%, 2/15/29		1,005		1,005,261
Puerto Rico Highway and Transportation Authority, (AGC), (CIFG), 5.25%, 7/1/41⁽²⁾		1,800		1,711,278


			$	3,208,674




Insured – Water and Sewer — 3.9%

Bucks County Water and Sewer Authority, (AGM), 5.00%, 12/1/35	$	500	$	511,965
Delaware County Industrial Development Authority, (Aqua Pennsylvania, Inc.), (FGIC), (NPFG), (AMT), 5.00%, 11/1/36		525		511,345
Philadelphia, Water and Wastewater Revenue, (FGIC), (NPFG), 5.00%, 11/1/31		360		361,083


			$	1,384,393




Senior Living / Life Care — 3.9%

Cliff House Trust, (AMT), 6.625%, 6/1/27⁽³⁾	$	1,000	$	524,080
Lancaster County Hospital Authority, (Willow Valley Retirement Communities), 5.875%, 6/1/31		500		500,450
Montgomery County Industrial Development Authority, (Foulkeways at Gwynedd), 5.00%, 12/1/24		200		194,642
Montgomery County Industrial Development Authority, (Foulkeways at Gwynedd), 5.00%, 12/1/30		200		183,648


			$	1,402,820




Special Tax Revenue — 0.3%

Virgin Islands Public Finance Authority, 6.75%, 10/1/37	$	110	$	115,292


			$	115,292




Transportation — 10.9%

Delaware River Port Authority of Pennsylvania and New Jersey, 5.00%, 1/1/35	$	465	$	467,399
Delaware River Port Authority of Pennsylvania and New Jersey, 5.00%, 1/1/40		285		285,086
Pennsylvania Economic Development Financing Authority, (Amtrak), (AMT), 6.25%, 11/1/31		270		271,269
Pennsylvania Turnpike Commission, 5.25%, 6/1/39		1,000		993,470
Pennsylvania Turnpike Commission, 5.35%, (0.00% until 12/1/15), 12/1/30		1,430		1,103,016
Pennsylvania Turnpike Commission, 5.625%, 6/1/29		750		777,180


			$	3,897,420




Utilities — 1.6%

Philadelphia Gas Works, 5.25%, 8/1/40	$	600	$	577,020


			$	577,020




Water and Sewer — 1.7%

Harrisburg Water Authority, 5.25%, 7/15/31	$	750	$	618,510


			$	618,510



Total Tax-Exempt Investments — 159.9%
(identified cost $58,173,302)			$	57,136,150



Auction Preferred Shares Plus Cumulative
Unpaid Dividends — (59.2)%			$	(21,175,177	)



Other Assets, Less Liabilities — (0.7)%			$	(219,238	)



Net Assets Applicable to Common Shares — 100.0%			$	35,741,735

The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares.


AGC		- Assured Guaranty Corp.
AGM		- Assured Guaranty Municipal 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.
CIFG		- CIFG Assurance North America, Inc.
FGIC		- Financial Guaranty Insurance Company
NPFG		- National Public Finance Guaranty Corp.
SFMR		- Single Family Mortgage Revenue

The Trust invests primarily in debt securities issued by Pennsylvania 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, 2011, 36.2% 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 3.0% to 12.2% 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 municipal bond held by a trust that issues residual interest bonds (see Note 1H).

⁽³⁾		Security is in default and making only partial interest payments.

See Notes to Financial Statements.

Eaton Vance

Municipal Income Trusts

May 31, 2011

Statements of Assets and Liabilities (Unaudited)


	May 31, 2011

Assets	California Trust			Massachusetts Trust			Michigan Trust			New Jersey Trust

Investments —
Identified cost	$	158,745,062		$	61,079,163		$	45,354,597		$	101,184,794
Unrealized depreciation		(5,255,950	)		(1,141,226	)		(1,418,421	)		(1,071,022	)


Investments, at value	$	153,489,112		$	59,937,937		$	43,936,176		$	100,113,772


Cash	$	417,371		$	773,940		$	591,187		$	3,622,267
Interest receivable		1,917,029			1,034,286			584,012			1,560,607
Receivable for investments sold		274,199			—			—			14,992
Deferred debt issuance costs		30,191			3,507			—			3,779


Total assets	$	156,127,902		$	61,749,670		$	45,111,375		$	105,315,417





Liabilities

Payable for floating rate notes issued	$	19,555,000		$	4,885,000		$	—		$	11,255,000
Payable for when-issued securities		—			—			521,545			—
Payable for variation margin on open financial futures contracts		31,563			8,438			2,141			31,250
Payable for open swap contracts		92,711			97,250			10,867			168,931
Payable to affiliates:
Investment adviser fee		81,950			32,818			25,165			55,673
Administration fee		24,463			9,796			7,512			16,619
Trustees’ fees		863			393			320			608
Interest expense and fees payable		27,591			11,144			—			27,060
Accrued expenses		45,379			27,163			25,245			34,911


Total liabilities	$	19,859,520		$	5,072,002		$	592,795		$	11,590,052


Auction preferred shares at liquidation value plus cumulative unpaid dividends	$	49,976,249		$	20,050,167		$	17,500,876		$	33,425,836


Net assets applicable to common shares	$	86,292,133		$	36,627,501		$	27,017,704		$	60,299,529





Sources of Net Assets

Common shares, $0.01 par value, unlimited number of shares authorized	$	72,271		$	27,429		$	21,163		$	46,604
Additional paid-in capital		104,758,339			39,617,128			30,471,851			66,954,895
Accumulated net realized loss		(14,428,419	)		(2,159,870	)		(2,283,213	)		(5,987,541	)
Accumulated undistributed net investment income		1,377,201			436,712			245,004			633,175
Net unrealized depreciation		(5,487,259	)		(1,293,898	)		(1,437,101	)		(1,347,604	)


Net assets applicable to common shares	$	86,292,133		$	36,627,501		$	27,017,704		$	60,299,529





Auction Preferred Shares Issued and Outstanding (Liquidation preference of $25,000 per share)		1,999			802			700			1,337





Common Shares Outstanding		7,227,120			2,742,873			2,116,294			4,660,431





Net Asset Value Per Common Share

Net assets applicable to common shares ¸ common shares issued and outstanding	$	11.94		$	13.35		$	12.77		$	12.94

See Notes to Financial Statements.

Eaton Vance

Municipal Income Trusts

May 31, 2011

Statements of Assets and Liabilities (Unaudited) — continued


	May 31, 2011

Assets	New York Trust			Ohio Trust			Pennsylvania Trust

Investments —
Identified cost	$	122,256,323		$	58,960,576		$	58,173,302
Unrealized depreciation		(1,367,653	)		(986,565	)		(1,037,152	)


Investments, at value	$	120,888,670		$	57,974,011		$	57,136,150


Cash	$	2,362,753		$	—		$	264,214
Interest receivable		1,702,107			1,036,046			913,189
Receivable for investments sold		9,413			545,500			448,050
Deferred debt issuance costs		5,053			—			—


Total assets	$	124,967,996		$	59,555,557		$	58,761,603





Liabilities

Payable for floating rate notes issued	$	20,455,000		$	—		$	1,650,000
Payable for variation margin on open financial futures contracts		10,547			6,094			12,500
Payable for open swap contracts		269,863			85,675			100,503
Due to custodian		—			80,249			—
Payable to affiliates:
Investment adviser fee		64,945			33,956			32,936
Administration fee		19,386			10,136			9,831
Trustees’ fees		698			401			396
Interest expense and fees payable		33,608			—			5,519
Accrued expenses		39,406			31,747			33,006


Total liabilities	$	20,893,453		$	248,258		$	1,844,691


Auction preferred shares at liquidation value plus cumulative unpaid dividends	$	33,726,407		$	22,726,328		$	21,175,177


Net assets applicable to common shares	$	70,348,136		$	36,580,971		$	35,741,735





Sources of Net Assets

Common shares, $0.01 par value, unlimited number of shares authorized	$	54,517		$	28,533		$	27,166
Additional paid-in capital		79,053,663			40,872,236			38,533,541
Accumulated net realized loss		(7,982,285	)		(3,574,811	)		(2,107,459	)
Accumulated undistributed net investment income		929,036			350,881			469,202
Net unrealized depreciation		(1,706,795	)		(1,095,868	)		(1,180,715	)


Net assets applicable to common shares	$	70,348,136		$	36,580,971		$	35,741,735





Auction Preferred Shares Issued and Outstanding (Liquidation preference of $25,000 per share)		1,349			909			847





Common Shares Outstanding		5,451,687			2,853,266			2,716,608





Net Asset Value Per Common Share

Net assets applicable to common shares ¸ common shares issued and outstanding	$	12.90		$	12.82		$	13.16

See Notes to Financial Statements.

Eaton Vance

Municipal Income Trusts

May 31, 2011

Statements of Operations (Unaudited)


	Six Months Ended May 31, 2011

Investment Income	California Trust			Massachusetts Trust			Michigan Trust			New Jersey Trust

Interest	$	4,293,732		$	1,602,559		$	1,157,520		$	2,758,184


Total investment income	$	4,293,732		$	1,602,559		$	1,157,520		$	2,758,184





Expenses

Investment adviser fee	$	481,432		$	192,378		$	147,403		$	327,414
Administration fee		141,099			56,383			43,202			95,959
Trustees’ fees and expenses		2,469			1,131			926			1,745
Custodian fee		39,468			19,348			18,511			28,586
Transfer and dividend disbursing agent fees		11,053			10,375			10,340			10,505
Legal and accounting services		25,031			20,010			17,466			22,792
Printing and postage		6,004			4,400			4,958			5,465
Interest expense and fees		75,940			20,024			—			53,609
Preferred shares service fee		34,826			14,551			11,744			24,417
Miscellaneous		22,240			10,817			10,263			11,310


Total expenses	$	839,562		$	349,417		$	264,813		$	581,802


Deduct —
Reduction of custodian fee	$	597		$	353		$	439		$	1,096


Total expense reductions	$	597		$	353		$	439		$	1,096



Net expenses	$	838,965		$	349,064		$	264,374		$	580,706



Net investment income	$	3,454,767		$	1,253,495		$	893,146		$	2,177,478





Realized and Unrealized Gain (Loss)

Net realized gain (loss) —
Investment transactions	$	(2,212,028	)	$	(393,296	)	$	(18,202	)	$	(1,346,602	)
Extinguishment of debt		(1,630	)		—			—			—
Financial futures contracts		(837,582	)		(259,021	)		(41,015	)		62,912
Swap contracts		(39,805	)		97,390			(4,666	)		168,210


Net realized loss	$	(3,091,045	)	$	(554,927	)	$	(63,883	)	$	(1,115,480	)


Change in unrealized appreciation (depreciation) —
Investments	$	(192,443	)	$	(442,157	)	$	(134,165	)	$	23,790
Financial futures contracts		(114,986	)		(55,422	)		(875	)		(116,979	)
Swap contracts		40,051			(99,360	)		4,695			(171,617	)


Net change in unrealized appreciation (depreciation)	$	(267,378	)	$	(596,939	)	$	(130,345	)	$	(264,806	)



Net realized and unrealized loss	$	(3,358,423	)	$	(1,151,866	)	$	(194,228	)	$	(1,380,286	)



Distributions to preferred shareholders —


From net investment income	$	(100,856	)	$	(40,314	)	$	(34,534	)	$	(67,456	)



Net increase (decrease) in net assets from operations	$	(4,512	)	$	61,315		$	664,384		$	729,736

See Notes to Financial Statements.

Eaton Vance

Municipal Income Trusts

May 31, 2011

Statements of Operations (Unaudited) — continued


	Six Months Ended May 31, 2011

Investment Income	New York Trust		Ohio Trust		Pennsylvania Trust

Interest	$	3,311,131	$	1,578,822	$	1,619,587


Total investment income	$	3,311,131	$	1,578,822	$	1,619,587





Expenses

Investment adviser fee	$	381,395	$	199,806	$	193,639
Administration fee		111,781		58,560		56,752
Trustees’ fees and expenses		2,006