SECURITIES FRAUD
 

Securities Class Action Suit Filed Against Eaton Vance

The firm of Shapiro Haber & Urmy LLP filed a securities class action suit in the United States District Court for the District of Massachusetts, alleging securities fraud against Eaton Vance Corporation, Eaton Vance Management, James B. Hawkes, James L. O'Connor, Jessica M. Bibliowicz, Donald R. Dwight, Samuel S. Hayes, Norton H. Reamer, Jack L. Treynor, M. Dozier Gardner, John L. Thorndike, Scott H. Page, Payson F. Swaffield, EV Classic Senior Floating-Rate Fund, and Boston Management and Research.

The class consists of all persons who purchased or otherwise acquired shares ("common stock" or shares) of EV Classic Senior Floating-Rate Fund between March 30, 1998 and March 2, 2000 inclusive (the "Class Period").

The complaint alleges that the defendants disseminated a series of Prospectuses/Registration Statements dated March 30, 1998, October 19, 1998, February 22, 1999, and March 13, 2000 (the "Prospectuses") to the Class in connection with their purchase of Fund shares at a materially inflated net asset value ("NAV"), which rendered such Prospectuses materially false and misleading as stated herein.

If you would like more information or would like to discuss joining this action, please contact Sophie Horowitz, Paralegal, Shapiro Haber & Urmy LLP, 53 State Street, Boston, MA 02109, (617) 439-3939, fax at (617) 439-0134, or email at cases@shulaw.com.