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Limited Duration Income Fund

NAV ¹	09/01/2010 Quote 16.40 0.02
Market ²	09/01/2010 Quote 16.32 0.06
¹ Net Asset Value: without sales charge. ² Market Price.

Literature
Fact Sheet
Online prospectus currently unavailable
Annual Report
Semiannual Report
Fund Holdings (1st or 3rd fiscal quarters)

Investment Objective and Policies

The Fund’s investment objective is to provide a high level of current income. The Fund may, as a secondary objective, also seek capital appreciation to the extent consistent with its primary goal of high current income. The Fund pursues its objectives by investing its assets primarily in: senior, secured floating-rate loans (“Senior Loans”), mortgage-backed securities (“MBS”) and corporate bonds that are rated below investment grade quality, commonly known as “junk bonds” (“Non-Investment Grade Bonds”).

General Data

Symbol	EVV
CUSIP	27828H105
Fund Inception Date	5/30/2003
Performance Inception Date	5/30/2003
Portfolio Turnover Rate	46% for the fiscal year ending 4/30/2010
Availability	Eaton Vance Credit Opportunities Fund (EOE) merged into Eaton Vance Limited Duration Income Fund (EVV) prior to the opening of business on March 12, 2010.

Yield Information as of 8/9/2010
SEC 7-Day Yield	0.12%
SEC 7 day yield is annualized net investment income per share for the 7-day period shown. Yields are historical, will fluctuate and can more closely reflect the current earnings of a fund than the total return quotation.

Morningstar Rating

Morningstar Ratings™ as of
Category

Overall ( Funds)

N/A

(Based on Risk-Adjusted Returns)

The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics.

© 2010 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers is responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on how a fund ranks on a Morningstar Risk-Adjusted Return measure against other funds in the same category. This measure takes into account variations in a fund’s monthly performance after adjusting for sales loads (except for load-waived A shares) redemption fees, and the risk-free rate, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. Load-waived A share star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms (e.g., plan participants of a defined contribution plan). Not all A share mutual funds for which Morningstar calculates a load-waived A share star rating may actually waive their front-end sales load. Therefore, Morningstar strongly encourages investors to contact their investment professional to determine whether they are eligible to purchase the A share without paying the front load. The Morningstar Rating may differ among share classes of a mutual fund as a result of different sales loads and/or expense structure.

Performance

AVERAGE ANNUAL TOTAL RETURNS

Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested. The Fund’s performance at market market price will differ from its results at NAV. Although market price performance generally reflects investment results over time, during shorter periods, returns at market price can also be affected by factors such as changing perceptions about the Fund, market conditions, fluctuations in supply and demand for the Fund’s 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 is for the stated time period only; due to market volatility, the Fund’s current performance may be lower or higher than quoted. Performance results reflect the effects of leverage resulting from the Fund’s issuance of Auction Preferred Shares.

For certain periods following the ex date of distributions paid by the Fund, returns may be calculated based on the lower of the net asset value or market price of the shares on the distribution pay date rather than the true distribution reinvestment price.

For the periods ended August 31, 2010


Returns at NAV¹	1 Year	3 Year	5 Year	10 Year	Life of Fund
Return Before Taxes	+18.42%	+8.59%	+7.27%		+7.24%


Returns at Market²	1 Year	3 Year	5 Year	10 Year	Life of Fund
Return Before Taxes	+29.66%	+10.62%	+7.88%		+7.24%

For the periods ended June 30, 2010


Returns at NAV¹	1 Year	3 Year	5 Year	10 Year	Life of Fund
Return Before Taxes	+25.16%	+6.78%	+7.07%		+7.03%


Returns at Market²	1 Year	3 Year	5 Year	10 Year	Life of Fund
Return Before Taxes	+36.64%	+6.71%	+7.27%		+6.85%

Calendar Year Performance (Before Taxes)
	YTD 08/31/2010	2009	2008	2007	2006	2005	05/30/2003 to 06/30/2010
NAV ¹	+9.52%	+58.34%	-27.31%	+3.15%	+9.21%	+4.08%	+7.03%
Market ²	+16.51%	+67.06%	-25.95%	-8.93%	+21.30%	-6.98%	+6.85%

¹ Net Asset Value   ² Market Price.
³ Includes all historical filings made with the Securities and Exchange Commission ("SEC") on behalf of a fund. Information found on the SEC
   web site is historical and may not represent current information about a fund. For search purposes, please note that closed-end funds are
   registered with the SEC pursuant to Form N-2 and not Form N-1A.

Performance inception date May 30, 2003.

Distribution History

Pay Date	Distribution
8/18/2010	$0.1158
7/19/2010	$0.1158
6/17/2010	$0.1158
5/19/2010	$0.1158
4/19/2010	$0.1158
3/25/2010	$0.1158
2/17/2010	$0.1158
1/7/2010	$0.1158
12/17/2009	$0.1158
11/19/2009	$0.1158
10/19/2009	$0.1083
9/17/2009	$0.1083
8/19/2009	$0.1083
7/17/2009	$0.1083
6/17/2009	$0.1083
5/18/2009	$0.1083
4/20/2009	$0.1083
3/18/2009	$0.1083
2/18/2009	$0.1083
1/20/2009	$0.1083

The amount of distributions may vary depending on a number of factors. As portfolio and market conditions change, the rate of distributions on Fund common shares could change.

Press Releases
9/1/2010	Eaton Vance Limited Duration Income Fund Declares Monthly Distribution
8/2/2010	Eaton Vance Limited Duration Income Fund Declares Monthly Distribution
7/1/2010	Eaton Vance Limited Duration Income Fund Declares Monthly Distribution
6/23/2010	Eaton Vance Limited Duration Income Fund - Report of Earnings
6/1/2010	Eaton Vance Limited Duration Income Fund Declares Monthly Distribution
5/3/2010	Eaton Vance Limited Duration Income Fund Declares Monthly Distribution
4/29/2010	Trustees of Eaton Vance Limited Duration Income Fund Approve Change in Investment Policies
4/1/2010	Eaton Vance Limited Duration Income Fund Declares Monthly Distribution
3/26/2010	Eaton Vance Limited Duration Income Fund Report of Earnings
3/1/2010	Eaton Vance Credit Opportunities Fund - Special Meeting of Shareholders
3/1/2010	Eaton Vance Limited Duration Income Fund Declares Monthly Distribution
2/26/2010	Eaton Vance Limited Duration Income Fund Annual Meeting of Shareholders
2/1/2010	Eaton Vance Credit Opportunities Fund Declares Monthly Distribution
2/1/2010	Eaton Vance Limited Duration Income Fund Declares Monthly Distribution
1/5/2010	Eaton Vance Credit Opportunities Fund - Report of Earnings
1/5/2010	Eaton Vance Limited Duration Income Fund - Report of Earnings
1/4/2010	Eaton Vance Credit Opportunities Fund Declares Monthly Distribution
12/22/2009	Eaton Vance Limited Duration Income Fund Declares Early Monthly Distribution
12/1/2009	Eaton Vance Credit Opportunities Fund Declares Monthly Distribution
12/1/2009	Eaton Vance Limited Duration Income Fund Declares Monthly Distribution
11/17/2009	Eaton Vance Limited Duration Income Fund Annual Meeting of Shareholders
11/2/2009	Eaton Vance Limited Duration Income Fund Declares Increase In Monthly Distribution
11/2/2009	Eaton Vance Credit Opportunities Fund Declares Monthly Distribution
10/7/2009	Eaton Vance Credit Opportunities Fund Report of Earnings
10/7/2009	Eaton Vance Limited Duration Income Fund Report of Earnings
10/1/2009	Eaton Vance Limited Duration Income Fund Declares Monthly Distribution
10/1/2009	Eaton Vance Credit Opportunities Fund Declares Monthly Distribution

Portfolio Management
Scott H. Page (since 5/30/2003)	Untitled Document Vice President, Eaton Vance Management Joined Eaton Vance in 1989 and has been Portfolio Manager since 1996 Previously, an investment officer of the Dartmouth College endowment and an Assistant Vice President in the Leveraged Finance Department of Citicorp. Was also affiliated with Chase Manhattan Bank B.A. from Williams College; M.B.A. from Amos Tuck School at Dartmouth College
Payson F. Swaffield (since 5/30/2003)	Untitled Document Vice President, Eaton Vance Management Joined Eaton Vance in 1990 and has been Portfolio Manager since 1996 Previously, a principal in the corporate finance area of Conning & Company and a commercial lending representative at Northern Trust Bank. Also served as an analyst in the corporate financial consulting group of Duff & Phelps, Inc. and State Street Bank’s corporate finance group B.A. from Middlebury College; M.B.A. from the University of Chicago
Susan Schiff (since 5/30/2003)	Untitled Document Vice President, Eaton Vance Management Joined Eaton Vance in 1985 Has managed mortgage-backed and Treasury securities since 1991 Previously affiliated with PaineWebber B.S. from St. John Fisher College
Mark Venezia (since 3/16/2004)	Untitled Document Vice President, Eaton Vance Management Joined Eaton Vance in 1984. Mr. Venezia is head of the firm’s Global Bond Department Previously, Vice President and General Manager at Network Utilities (acquired by Reuters) B.A. from Stanford University; M.B.A. from University of Chicago; Masters in Philosophy from University of Illinois
Michael Weilheimer (since 5/30/2003)	Untitled Document Vice President, Eaton Vance Management Joined Eaton Vance in 1990 and has been Portfolio Manager since January, 1996 Previously, served as Vice President of Amroc Investments, L.P. and as an analyst at Cowen & Company B.S. from the State University of New York at Albany; M.B.A. from the University of Chicago
Christine Johnston (since 3/1/2007)	Untitled Document Vice President, Eaton Vance Management Joined Eaton Vance in 1994 Member Boston Security Analysts Society and Association for Investment Management & Research B.S. Summa Cum Laude from Stonehill College
Catherine McDermott (since 1/30/2008)	Untitled Document Vice President, Eaton Vance Management Joined Eaton Vance in 2000. 18 years of experience in bank loans and credit and risk management. B.A from Boston College with summa cum laude.

Important Fund Disclosures

An investment in the Fund is neither insured nor guaranteed by the U.S. Government. Although the Fund seeks to maintain a stable net asset value of $1.00 per share, it is possible to lose money by investing in a Fund.

Before investing in any Eaton Vance fund, prospective investors should consider carefully the fund's investment objective(s), risks, and charges and expenses. For open-end mutual funds, the fund's current prospectus contains this and other information about the fund. To obtain a fund prospectus or summary prospectus, if available, and the most recent annual and semiannual shareholder reports, contact your financial advisor or download a copy here. Read the prospectus carefully before you invest or send money. For closed-end funds, you should contact your financial advisor. To obtain the most recent annual and semi-annual shareholder report for a closed-end fund contact your financial advisor or download a copy here. Before purchasing any variable product, consider the objectives, risks, charges, and expenses associated with the underlying investment option(s) and those of the product itself. For a prospectus containing this and other information, contact your investment or insurance professional. Read the prospectus carefully before investing.

Not FDIC Insured. No Bank Guarantee. May Lose Value.

Eaton Vance does not provide tax or legal advice. Prospective investors should consult with a tax or legal advisor before making any investment decision.

The information on this Web site is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase, securities in any jurisdiction to any person to whom it is not lawful to make such an offer.

Publication details: 2010-09-02 09:53

Important Disclosure

Market price performance is shown before applicable commissions that a shareholder may encounter when purchasing or selling shares of the fund. All performance information is for common shares of the fund. Closed-end funds, unlike open-end funds, are not continuously offered. There is a one-time public offering and once issued, shares of closed-end funds are sold in the open market through a stock exchange. Net asset value (NAV) is total assets less total liabilities divided by the number of shares outstanding. At the time of sale, your shares may have a market price that is above or below NAV. There is no assurance that the fund will achieve its investment objective. The fund is subject to investment risks, including possible loss of principal invested. This data is provided for information only and is not intended for trading purposes.