Eaton Vance Corp. Report for the Three Months and Fiscal Year Ended October 31, 2012

 Eaton Vance Corp. Report for the Three Months and Fiscal Year Ended October
                                   31, 2012

PR Newswire

BOSTON, Nov. 20, 2012

BOSTON, Nov. 20, 2012 /PRNewswire/ --Eaton Vance Corp. (NYSE: EV) today
reported adjusted earnings per diluted share^(1) of $0.53 for the fourth
quarter of fiscal 2012, an increase of 23 percent over the $0.43 of adjusted
earnings per diluted share in the third quarter of fiscal 2012 and up 13
percent from the $0.47 of adjusted earnings per diluted share in the fourth
quarter of fiscal 2011. Adjusted earnings per diluted share were $1.89 for
the fiscal year ended October 31, 2012, 5.5 percent below the $2.00 of
adjusted earnings per diluted share in the fiscal year ended October 31, 2011.

As determined under U.S. generally accepted accounting principles ("GAAP"),
the Company earned $0.45 in the fourth quarter of fiscal 2012, $0.43 in the
third quarter of fiscal 2012 and $0.40 in the fourth quarter of fiscal 2011.
Adjusted earnings differed from GAAP earnings in the fourth quarter of fiscal
2012 and the fourth quarter of fiscal 2011 due to adjustments in connection
with increases in the estimated redemption value of non-controlling interests
in affiliates redeemable at other than fair value, which reduced GAAP earnings
by $0.08 and $0.07 per diluted share, respectively. GAAP earnings were $1.72
per diluted share in the fiscal year ended October 31, 2012 compared to $1.75
per diluted share in the fiscal year ended October 31, 2011. Non-controlling
interest value adjustments reduced GAAP earnings by $0.17 and $0.25 per
diluted share for the fiscal years ended October 31, 2012 and 2011,
respectively. The Company's adjusted and GAAP earnings per diluted share were
increased $0.01 and $0.03 in the fiscal years ended October 31, 2012 and 2011,
respectively, by gains related to the sale of the Company's equity interest in
Lloyd George Management (BVI) Limited in the second quarter of fiscal 2011.

Net inflows of $2.2 billion into long-term funds and separate accounts in the
fourth quarter of fiscal 2012 compare to net outflows of $1.4 billion and $2.7
billion in the third quarter of fiscal 2012 and the fourth quarter of fiscal
2011, respectively. The Company's annualized internal growth rate (net
inflows into long-term assets divided by beginning of period long-term assets
managed) was 5 percent in the fourth quarter of fiscal 2012. Net inflows of
$0.2 billion in fiscal 2012 compare to net inflows of $3.9 billion in fiscal
2011.

"We are pleased to report higher managed assets, stronger gross and net flows,
and improved earnings for our fourth quarter," said Thomas E. Faust Jr.,
Chairman and Chief Executive Officer. "Eaton Vance enters fiscal 2013 with
considerable momentum and good prospects for continued progress."

Assets under management were $199.5 billion on October 31, 2012, an increase
of 3 percent from the $192.9 billion of managed assets on July 31, 2012 and an
increase of 6 percent from managed assets of $188.2 billion on October 31,
2011. Assets under management on October 31, 2012 included $113.2 billion in
long-term funds, $43.3 billion in institutional separate accounts, $15.0
billion in high-net-worth separate accounts, $27.7 billion in retail managed
accounts and $0.2 billion in cash management fund assets. Average assets under
management were $196.6 billion in the fourth quarter of fiscal 2012, up 2
percent from $192.8 billion in the third quarter of fiscal 2012 and up 4
percent from $188.2 billion in the fourth quarter of fiscal 2011. The
sequential increase in ending assets under management in the fourth quarter of
fiscal 2012 primarily reflects long-term net inflows of $2.2 billion and
market price appreciation of $4.5 billion.

As shown in Attachment 6, consolidated gross sales and other inflows were
$14.4 billion in the fourth quarter of fiscal 2012, up 32 percent from $10.9
billion in the third quarter of fiscal 2012 and up 30 percent from $11.1
billion in the fourth quarter of fiscal 2011. Gross redemptions and other
outflows were $12.3 billion in the fourth quarter of fiscal 2012, down 1
percent from $12.4 billion in the third quarter of fiscal 2012 and down 11
percent from $13.8 billion in the fourth quarter of fiscal 2011. 

Attachments 5 and 6 summarize the Company's assets under management and asset
flows by investment mandate and investment vehicle.



Financial Highlights
                                      Three Months Ended
                                      (in thousands, except per share figures)
                                      October 31,   July 31,     October 31,
                                      2012         2012         2011
Revenue                               $   309,889   $  298,771   $   297,323
Expenses                                  203,544     203,755       192,675
Operating income                          106,345     95,016        104,648
Operating margin                          34%          32%           35%
Non-operating income (expense)            3,993       1,875         (21,782)
Income taxes                              (37,655)     (34,379)      (37,665)
Equity in net income of affiliates,       1,758       175           387
net of tax
Net income                                74,441     62,687        45,588
Net (income) loss attributable to
non-controlling
     and other beneficial interests      (21,323)     (12,481)      1,232
Net income attributable to
     Eaton Vance Corp. shareholders   $   53,118    $  50,206    $   46,820
Adjusted net income attributable to
Eaton
     Vance Corp. shareholders^(1)     $   62,988    $  51,002    $   55,726
Earnings per diluted share            $   0.45      $  0.43      $   0.40
Adjusted earnings per diluted         $   0.53      $  0.43      $   0.47
share^(1)

On August 6, 2012, the Company completed the purchase of a 49 percent interest
in Hexavest Inc. ("Hexavest"), a Montreal-based investment advisor that
provides discretionary management of equity and tactical asset allocation
strategies using a predominantly top-down investment style. As of October 31,
2012, Hexavest managed $12.1 billion of client assets, an increase of 11
percent from the $11.0 billion of managed assets on August 6, 2012. Attachment
8 summarizes assets under management and asset flow information for Hexavest.

On November 11, 2012, the Company's subsidiary Parametric Portfolio Associates
LLC announced the signing of a definitive agreement to acquire the business of
The Clifton Group Investment Management Company ("Clifton"). Based in
Minneapolis, Clifton specializes in providing futures- and options-based
overlay services and custom risk management solutions to institutional
investors. As of September 30, 2012, Clifton managed $33.4 billion of funded
and overlay assets on behalf of approximately 180 institutional clients.
Completion of the transaction is expected on or about December 31, 2012 and is
subject to certain customary closing conditions.

Fourth Quarter Fiscal 2012 vs. Third Quarter Fiscal 2012

In the fourth quarter of fiscal 2012, revenue increased 4 percent to $309.9
million from revenue of $298.8 million in the third quarter of fiscal 2012.
Investment advisory and administrative fees were up 4 percent in the fourth
quarter of fiscal 2012 compared to the third quarter of fiscal 2012, primarily
due to a 2 percent increase in average assets under management and a modestly
higher investment advisory and administrative effective fee rate. Performance
fees contributed $3.7 million to investment advisory and administrative fees
in the fourth quarter of fiscal 2012. Distribution and service fees revenues
increased 1 percent on a combined basis, reflecting an increase in average
managed assets in fund share classes that are subject to such fees.

Expenses of $203.5 million in the fourth quarter of fiscal 2012 were
substantially unchanged from $203.8 million in the third quarter of fiscal
2012, reflecting increases in compensation, distribution and service fee
expenses reduced by lower amortization of deferred sales commissions and
decreases in fund expenses and other expenses. The increase in compensation
expense primarily reflects increases in sales- and operating income-based
incentives. Gross sales and other inflows, which drive sales-based incentives,
were up 32 percent in the fourth quarter of fiscal 2012 compared to the third
quarter of fiscal 2012. Pre-bonus adjusted operating income, which drives
operating income-based incentives, was up 10 percent for the same period. The
increase in distribution expense reflects an increase in Class A share
commissions, partly offset by decreases in promotional expenses. The decrease
in amortization of deferred sales commissions largely reflects changes in
product mix away from fund share classes to which these expenses apply. Fund
expenses decreased 4 percent from the third quarter of fiscal 2012 due to
lower subsidies on start-up funds and decreased expenses borne by the Company
on funds for which it receives an all-in fee. The 6 percent decrease in other
expenses reflects lower professional services costs.

Operating income was up 12 percent to $106.3 million in the fourth quarter of
fiscal 2012 from $95.0 million in the third quarter of fiscal 2012.

Non-operating income (expense) contributed $4.0 million to income before taxes
in the fourth quarter of fiscal 2012, compared to a contribution of $1.9
million in the third quarter of fiscal 2012. The increase in non-operating
income (expense) is primarily attributable to a $3.6 million increase in gains
and other investment income earned on the Company's investments in sponsored
products offset by a $1.2 million increase in interest expense recognized by
the Company's consolidated collateralized loan obligation ("CLO") entity.

The Company's effective tax rate, calculated as a percentage of income before
income taxes and equity in net income of affiliates, was 34.1 percent in the
fourth quarter of fiscal 2012. Excluding the impact of CLO entity income
(expense) borne by other beneficial interest holders, the Company's effective
tax rate was approximately 36.1 percent for the quarter.

Equity in net income of affiliates increased by $1.6 million in the fourth
quarter of fiscal 2012 compared to the third quarter of fiscal 2012, primarily
reflecting the Company's acquisition of a 49 percent equity interest in
Hexavest on August 6, 2012. Equity in net income of affiliates for the fourth
quarter of fiscal 2012 includes $1.9 million related to Hexavest.

Net income attributable to non-controlling and other beneficial interests
totaled $21.3 million in the fourth quarter of fiscal 2012 and $12.5 million
in the third quarter of fiscal 2012. As shown in Attachment 3, the increase
can be primarily attributed to an increase in non-controlling interest value
adjustments. Included in net income attributable to non-controlling and other
beneficial interests in the fourth quarter of fiscal 2012 were $9.9 million of
non-controlling interest value adjustments relating to our subsidiary Atlanta
Capital Management, based on an October 31 enterprise value measurement.

Fourth Quarter Fiscal 2012 vs. Fourth Quarter Fiscal 2011

In the fourth quarter of fiscal 2012, revenue increased 4 percent to $309.9
million from revenue of $297.3 million in the fourth quarter of fiscal 2011.
Investment advisory and administrative fees were up 6 percent due to a 4
percent increase in average assets under management and modestly higher
investment advisory and administrative effective fee rate. Performance fees
contributed $3.7 million to investment advisory and administrative fees in the
fourth quarter of fiscal 2012. Distribution and service fees were down 5
percent on a combined basis, reflecting lower managed assets in fund share
classes that are subject to distribution and service fees.

Expenses increased 6 percent to $203.5 million in the fourth quarter of fiscal
2012 from $192.7 million in the fourth quarter of fiscal 2011, reflecting
increases in compensation and distribution expense, offset by lower service
fees, reduced amortization of deferred sales commissions and lower fund
expenses. Increases in compensation expense reflect increases in sales- and
operating income-based incentives, higher employee headcount, increased
salaries and higher stock-based compensation. Gross sales and other inflows,
which drive sales-based incentives, were up 30 percent year-over-year, while
pre-bonus adjusted operating income, which drives operating-income based
incentives, was up 10 percent over the same period. The increase in
distribution expense can be attributed to an increase in Class A share
commissions and Class C share distribution payments made to third-party
intermediaries. The decreases in service fee expense and amortization of
deferred sales commissions largely reflect changes in product mix away from
fund share classes to which these expenses apply. The decrease in fund-related
expenses can be attributed primarily to lower sub-advisory expenses. Other
expenses were substantially unchanged from the prior year, as decreases in
professional fees were offset by an increase in spending for travel and higher
facilities-related expenses.

Operating income was up 2 percent to $106.3 million in the fourth quarter of
fiscal 2012 from $104.6 million in the fourth quarter of fiscal 2011.

Non-operating income contributed $4.0 million to income before taxes in the
fourth quarter of fiscal 2012 compared to non-operating expense of $21.8
million in the fourth quarter of fiscal 2011. The improvement in non-operating
income (expense) reflects a $20.0 million increase in gains and other
investment income recognized by the Company's consolidated CLO entity and a
$7.5 million increase in gains and other investment income earned on the
Company's investments in sponsored products.

Equity in net income of affiliates increased $1.4 million from the fourth
quarter of fiscal 2011, and includes $1.9 million related to the Company's 49%
equity interest in Hexavest acquired on August 6, 2012.

Net income attributable to non-controlling and other beneficial interests was
$21.3 million in the fourth quarter of fiscal 2012 compared to a loss of $1.2
million in the fourth quarter of fiscal 2011. As shown in Attachment 3, the
change can be primarily attributed to an improvement in the financial
performance of the Company's consolidated CLO entity. Included in net income
attributable to non-controlling and other beneficial interests in the fourth
quarter of fiscal 2012 and 2011 were $9.9 million and $8.9 million,
respectively, of non-controlling interest value adjustments relating to our
subsidiary Atlanta Capital Management, based on an annual October 31
enterprise value measurement.

Balance Sheet Information

Cash and cash equivalents totaled $462.1 million on October 31, 2012, with no
outstanding borrowings against the Company's $300 million credit facility.
During fiscal 2012, the Company used $106.5 million to repurchase and retire
approximately 4.0 million shares of its Non-Voting Common Stock under its
repurchase authorization. Approximately 3.9 million shares of the current 8.0
million share repurchase authorization remains unused.

Conference Call Information

Eaton Vance Corp. will host a conference call and webcast at 11:00 AM EST
today to discuss the financial results for the three months and fiscal year
ended October 31, 2012. To participate in the conference call, please call
877-407-0778 (domestic) or 201-689-8565 (international) and refer to "Eaton
Vance Corp. Fourth Quarter Earnings." A webcast of the conference call can
also be accessed via Eaton Vance's website, www.eatonvance.com.

A replay of the call will be available for one week by calling 877-660-6853
(domestic) or 201-612-7415 (international) or by accessing Eaton Vance's
website, www.eatonvance.com. Listeners to the telephone replay must enter the
confirmation code 403627.

About Eaton Vance Corp.

Eaton Vance Corp. is one of the oldest investment management firms in the
United States, with a history dating back to 1924. Eaton Vance and its
affiliates offer individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long record of
providing exemplary service, timely innovation and attractive returns through
a variety of market conditions has made Eaton Vance the investment manager of
choice for many of today's most discerning investors. For more information
about Eaton Vance, visit www.eatonvance.com.

Forward-Looking Statements

This news release may contain statements that are not historical facts,
referred to as "forward-looking statements." The Company's actual future
results may differ significantly from those stated in any forward-looking
statements, depending on factors such as changes in securities or financial
markets or general economic conditions, client sales and redemption activity,
the continuation of investment advisory, administration, distribution and
service contracts, and other risks discussed from time to time in the
Company's filings with the Securities and Exchange Commission.

^(1) Although the Company reports its financial results in accordance with
GAAP, management believes that certain non-GAAP financial measures, while not
a substitute for GAAP financial measures, may be effective indicators of the
Company's performance over time. Adjusted net income and adjusted earnings per
diluted share reflect the add back of adjustments in connection with changes
in the estimated redemption value of non-controlling interests in our
affiliates redeemable at other than fair value ("non-controlling interest
value adjustments"), closed-end structuring fees and other items management
deems non-recurring or non-operating. See reconciliation provided in
Attachment 2 for more information on adjusting items.

                                                                              Attachment 1
Eaton Vance Corp.
Summary of Results of Operations
(in thousands, except per share figures)
                Three Months Ended                              Fiscal Year Ended
                                                 %      %
                                                 Change Change
                October               October    Q4     Q4
                31,        July 31,   31,        2012   2012    October 31, October 31, %
                                                 to     to
                2012       2012       2011       Q3     Q4      2012        2011        Change
                                                 2012   2011
Revenue:
 Investment
 advisory and   $ 255,063  $ 244,655  $ 239,751  4    % 6    %  $ 988,058   $ 996,222   (1)  %
 administrative
 fees
 Distribution
 and              22,278     22,066     23,079   1      (3)       89,410      102,979   (13)
 underwriter
 fees
 Service fees     31,221     30,760     33,281   1      (6)       126,345     144,530   (13)
 Other revenue    1,327      1,290      1,212    3      9         5,223       4,875     7
  Total revenue   309,889    298,771    297,323  4      4         1,209,036   1,248,606 (3)
Expenses:
 Compensation
 and related      96,446     94,700     81,007   2      19        385,395     369,927   4
 costs
 Distribution     32,956     32,670     32,577   1      1         130,914     132,664   (1)
 expense
 Service fee      28,559     28,165     30,186   1      (5)       113,485     124,517   (9)
 expense
 Amortization
 of deferred      4,495      4,593      7,277    (2)    (38)      20,441      35,773    (43)
 sales
 commissions
 Fund expenses    6,929      7,205      7,635    (4)    (9)       27,375      25,295    8
 Other expenses   34,159     36,422     33,993   (6)    -         138,434     134,198   3
  Total           203,544    203,755    192,675  -      6         816,044     822,374   (1)
  expenses
Operating         106,345    95,016     104,648  12     2         392,992     426,232   (8)
income
Non-operating
income
(expense):
 Gains (losses)
 and other
 investment
  income, net     5,517      1,927      (1,998)  186    NM        18,417      19,408    (5)
 Interest         (8,580)    (8,525)    (8,413)  1      2         (33,930)    (33,652)  1
 expense
 Other income
 (expense) of
 consolidated
  CLO entity:
   Gains
  (losses) and
  other
  investment
         12,659     12,872     (7,342)  (2)    NM        44,706      (17,037)  NM
  income, net
   Interest   (5,603)    (4,399)    (4,029)  27     39        (18,447)    (13,575)  36
  expense
  Total
  non-operating   3,993      1,875      (21,782) 113    NM        10,746      (44,856)  NM
  income
  (expense)
Income before
income taxes
and equity
 in net income  110,338    96,891     82,866   14     33        403,738     381,376   6
of affiliates
Income taxes      (37,655)   (34,379)   (37,665) 10     -         (142,385)   (156,844) (9)
Equity in net
income of         1,758      175        387      905    354       3,415       3,042     12
affiliates, net
of tax
Net income        74,441     62,687     45,588   19     63        264,768     227,574   16
Net (income)
loss
attributable to
non-
 controlling
and other         (21,323)   (12,481)   1,232    71     NM        (61,303)    (12,672)  384
beneficial
interests
Net income
attributable to
 Eaton Vance
Corp.           $ 53,118   $ 50,206   $ 46,820   6      13      $ 203,465   $ 214,902   (5)
Shareholders
Earnings per
share:
 Basic          $ 0.46     $ 0.44     $ 0.41     5      12      $ 1.76      $ 1.82      (3)
 Diluted        $ 0.45     $ 0.43     $ 0.40     5      13      $ 1.72      $ 1.75      (2)
Weighted average shares
outstanding:
 Basic            112,504    112,110    112,939  -      -         112,359     115,326   (3)
 Diluted          115,524    114,591    115,238  1      -         115,126     119,975   (4)
Dividends
declared per    $ 0.20     $ 0.19     $ 0.19     5      5       $ 0.77      $ 0.73      5
share

                                  Attachment 2
Eaton Vance Corp.
Reconciliation of net income attributable to Eaton Vance Corp. shareholders
and earnings per diluted share to adjusted net income attributable to Eaton Vance
Corp. shareholders and adjusted earnings per diluted share
                Three Months Ended                        Fiscal Year Ended
                                           %      %
                                           Change Change
                October           October  Q4     Q4      October   October
                31,      July 31, 31,      2012   2012    31,       31,       %
                                           to     to
(in thousands,                             Q3     Q4
except per      2012     2012     2011     2012   2011    2012      2011      Change
share figures)
Net income
attributable to
Eaton Vance
 Corp.       $ 53,118 $ 50,206 $ 46,820 6   %  13  %   $ 203,465 $ 214,902 (5)  %
shareholders
Non-controlling
interest value    9,870    796      8,906  NM     11        19,866    30,216  (34)
adjustments
Adjusted net
income
attributable to
Eaton
 Vance Corp. $ 62,988 $ 51,002 $ 55,726 24     13      $ 223,331 $ 245,118 (9)
shareholders
Earnings per    $ 0.45   $ 0.43   $ 0.40   5      13      $ 1.72    $ 1.75    (2)
diluted share
Non-controlling
interest value    0.08     -        0.07   NM     14        0.17      0.25    (32)
adjustments
Adjusted
earnings per    $ 0.53   $ 0.43   $ 0.47   23     13      $ 1.89    $ 2.00    (6)
diluted share



                                                          Attachment 3
Eaton Vance Corp.
Reconciliation of net income attributable
to non-controlling and other beneficial interests
                   Three Months Ended                  Fiscal Year Ended
                   October 31, July 31,   October 31,  October 31, October
                                                                   31,
(in thousands)     2012        2012       2011         2012        2011
 Consolidated      $  (1,186)  $ (839)    $  310       $  (4,353)  $ (5,319)
 funds
 Majority-owned       (4,053)    (3,354)     (2,576)      (14,518)   (11,670)
 subsidiaries
 Non-controlling
 interest value       (9,870)    (796)       (8,906)      (19,866)   (30,216)
 adjustments
 Consolidated CLO     (6,214)    (7,492)     12,404       (22,566)   34,533
 entity
 Net (income) loss
 attributable to
 non-controlling
       interests
       and other   $  (21,323) $ (12,481) $  1,232     $  (61,303) $ (12,672)
       beneficial
       interests

                                                                 Attachment 4
Eaton Vance Corp.
Balance Sheet
(in thousands, except per share figures)
                                                 October 31,     October 31,
                                                 2012            2011
Assets
Cash and cash equivalents                      $ 462,076       $ 510,913
Investment advisory fees and other receivables   133,589         130,525
Investments                                      486,933         287,735
Assets of consolidated collateralized loan
obligation ("CLO") entity:
 Cash and cash equivalents              36,758          16,521
 Bank loans and other investments       430,583         462,586
 Other assets                           1,107           2,715
Deferred sales commissions                       19,336          27,884
Deferred income taxes                            51,234          41,343
Equipment and leasehold improvements, net        54,889          67,227
Intangible assets, net                           59,228          67,224
Goodwill                                         154,636         142,302
Other assets                                     89,122          74,325
 Total assets                                $ 1,979,491     $ 1,831,300
Liabilities, Temporary Equity and Permanent
Equity
Liabilities:
Accrued compensation                           $ 145,338       $ 137,431
Accounts payable and accrued expenses            59,397          51,333
Dividend payable                                 23,250          21,959
Debt                                             500,000         500,000
Liabilities of consolidated CLO entity:
 Senior and subordinated note           446,605         477,699
obligations
 Other liabilities                      766             5,193
Other liabilities                                91,785          75,557
 Total liabilities                             1,267,141       1,269,172
Commitments and contingencies
Temporary Equity:
Redeemable non-controlling interests             98,765          100,824
 Total temporary equity                 98,765          100,824
Permanent Equity:
Voting common stock, par value $0.00390625 per
share:
 Authorized, 1,280,000 shares
 Issued, 413,167 and 399,240 shares,           2               2
respectively
Non-voting common stock, par value $0.00390625
per share:
 Authorized, 190,720,000 shares
 Issued, 115,878,384 and 115,223,827 shares,   453             450
respectively
Additional paid-in capital                       26,730          -
Notes receivable from stock option exercises     (4,155)         (4,441)
Accumulated other comprehensive income           3,923           1,340
Appropriated retained earnings (deficit)         18,699          (3,867)
Retained earnings                                566,420         466,931
 Total Eaton Vance Corp. shareholders'         612,072         460,415
equity
Non-redeemable non-controlling interests         1,513           889
 Total permanent equity                        613,585         461,304
Total liabilities, temporary equity and        $ 1,979,491     $ 1,831,300
permanent equity

                                                             Attachment 5
Eaton Vance Corp.
Net Flows by Investment Mandate^(1)
(in millions)
                      Three Months Ended                   Fiscal Year Ended
                      October 31,  July 31,    October     October     October
                                               31,         31,         31,
                      2012        2012        2011        2012        2011
Equity assets -
beginning of          $ 108,595    $ 114,903   $ 117,055   $ 108,859   $ 107,500
period^(2)
 Sales and other        5,944      4,604       6,144       23,679      29,973
 inflows
 Redemptions/outflows   (7,223)     (7,656)     (7,316)     (30,456)    (29,168)
 Net flows              (1,279)     (3,052)     (1,172)     (6,777)     805
 Assets acquired        -          -           -           -           352
 Exchanges              48         (19)        (34)        24          35
 Market value change    3,732      (3,237)     (6,990)     8,990       167
Equity assets - end   $ 111,096    $ 108,595   $ 108,859   $ 111,096   $ 108,859
of period
Fixed income assets -   48,198       46,891      43,813      43,708      46,119
beginning of period
 Sales and other        3,140      2,886       2,426       12,278      10,336
 inflows
 Redemptions/outflows   (2,752)     (1,973)     (2,555)     (9,455)     (11,827)
 Net flows              388        913         (129)       2,823       (1,491)
 Exchanges              13         30          98          84          (180)
 Market value change    404        364         (74)        2,388       (740)
Fixed income assets - $ 49,003     $ 48,198    $ 43,708    $ 49,003    $ 43,708
end of period
Floating-rate income
assets - beginning
 of period              25,245     24,847      25,586      24,322      20,003
 Sales and other        2,188      2,091       1,565       7,401       9,331
 inflows
 Redemptions/outflows   (1,387)     (1,535)     (2,218)     (5,662)     (5,220)
 Net flows              801        556         (653)       1,739       4,111
 Exchanges              21         5           (129)       45          53
 Market value change    321        (163)       (482)       282         155
Floating-rate income
assets - end of       $ 26,388     $ 25,245    $ 24,322    $ 26,388    $ 24,322
period
Alternative assets -   10,600       10,506      11,761      10,646      10,482
beginning of period
 Sales and other        3,166      1,342       930         6,725       5,250
 inflows
 Redemptions/outflows   (908)       (1,201)     (1,708)     (4,336)     (4,784)
 Net flows              2,258      141         (778)       2,389       466
 Exchanges              (19)        (13)        (5)         (104)       (79)
 Market value change    13         (34)        (332)       (79)        (223)
Alternative assets -  $ 12,852     $ 10,600    $ 10,646    $ 12,852    $ 10,646
end of period
Long-term assets -      192,638      197,147     198,215     187,535     184,104
beginning of period
 Sales and other        14,438     10,923      11,065      50,083      54,890
 inflows
 Redemptions/outflows   (12,270)    (12,365)    (13,797)    (49,909)    (50,999)
 Net flows              2,168      (1,442)     (2,732)     174         3,891
 Assets acquired        -          -           -           -           352
 Exchanges              63         3           (70)        49          (171)
 Market value change    4,470      (3,070)     (7,878)     11,581      (641)
Total long-term
assets - end of       $ 199,339    $ 192,638   $ 187,535   $ 199,339   $ 187,535
period
Cash management fund
assets -
 end of period          169        220         669         169         669
Total assets under
management -
 end of period        $ 199,508    $ 192,858   $ 188,204   $ 199,508   $ 188,204
^(1) Consolidated Eaton Vance Corp. See Attachment 8 for managed assets and
flows of 49%-owned Hexavest Inc.
^(2) Includes balanced accounts
holding income securities.



                                                             Attachment 6
Eaton Vance Corp.
Net Flows by Investment Vehicle ^ (1)
(in millions)
                       Three Months Ended                  Fiscal Year Ended
                       October     July 31,    October     October     October
                       31,                     31,         31,         31,
                       2012       2012        2011        2012        2011
Long-term fund assets
-
 beginning of period   $ 110,257   $ 114,029   $ 119,976   $ 111,705   $ 113,978
 Sales and other         7,261       6,266       6,195       27,080      33,035
 inflows
 Redemptions/outflows    (6,410)     (8,554)     (9,294)     (30,895)    (32,486)
 Net flows               851         (2,288)     (3,099)     (3,815)     549
 Exchanges               -           3           (70)        (13)        (175)
 Market value change     2,141       (1,487)     (5,102)     5,372       (2,647)
Long-term fund assets  $ 113,249   $ 110,257   $ 111,705   $ 113,249   $ 111,705
- end of period
Institutional
separate account
assets -
 beginning of period     40,285      40,883      38,992      38,003      34,593
 Sales and other         5,149       2,262       2,954       12,496      12,350
 inflows
 Redemptions/outflows    (3,535)     (1,970)     (2,453)     (10,514)    (9,832)
 Net flows               1,614       292         501         1,982       2,518
 Exchanges               27          -           -           38          (18)
 Market value change     1,412       (890)       (1,490)     3,315       910
Institutional separate
account assets -
 end of period         $ 43,338    $ 40,285    $ 38,003    $ 43,338    $ 38,003
High-net-worth
separate account
assets -
 beginning of period     14,682      14,704      13,588      13,256      11,883
 Sales and other         498         752         598         3,609       2,848
 inflows
 Redemptions/outflows    (657)       (540)       (494)       (2,283)     (2,419)
 Net flows               (159)       212         104         1,326       429
 Assets acquired         -           -           -           -           352
 Exchanges               9           -           (11)        (990)       (8)
 Market value change     504         (234)       (425)       1,444       600
High-net-worth
separate account
assets -
 end of period         $ 15,036    $ 14,682    $ 13,256    $ 15,036    $ 13,256
Retail managed
account assets -
 beginning of period     27,414      27,531      25,659      24,571      23,650
 Sales and other         1,530       1,643       1,318       6,898       6,657
 inflows
 Redemptions/outflows    (1,668)     (1,301)     (1,556)     (6,217)     (6,262)
 Net flows               (138)       342         (238)       681         395
 Exchanges               27          -           11          1,014       30
 Market value change     413         (459)       (861)       1,450       496
Retail managed account $ 27,716    $ 27,414    $ 24,571    $ 27,716    $ 24,571
assets - end of period
Total long-term
assets -
 beginning of period     192,638     197,147     198,215     187,535     184,104
 Sales and other         14,438      10,923      11,065      50,083      54,890
 inflows
 Redemptions/outflows    (12,270)    (12,365)    (13,797)    (49,909)    (50,999)
 Net flows               2,168       (1,442)     (2,732)     174         3,891
 Assets acquired         -           -           -           -           352
 Exchanges               63          3           (70)        49          (171)
 Market value change     4,470       (3,070)     (7,878)     11,581      (641)
Total long-term assets $ 199,339   $ 192,638   $ 187,535   $ 199,339   $ 187,535
- end of period
Cash management fund     169         220         669         169         669
assets - end of period
Total assets under
management -
 end of period         $ 199,508   $ 192,858   $ 188,204   $ 199,508   $ 188,204
^(1) Consolidated Eaton Vance Corp. See Attachment 8 for managed
assets and flows of 49%-owned Hexavest Inc.



                                                                    Attachment
                                                                    7
 Eaton Vance Corp.
 Assets under Management
 by Investment Mandate^(1)
 (in millions)
                      October 31,     July 31,    %       October      %
                                                          31,
                      2012           2012        Change  2011         Change
 Equity^(2)           $   111,096     $  108,595  2%      $ 108,859    2%
 Fixed income             49,003       48,198   2%        43,708     12%
 Floating-rate income     26,388       25,245   5%        24,322     8%
 Alternative              12,852       10,600   21%       10,646     21%
 Cash management          169          220      -23%      669        -75%
 Total                $   199,508     $  192,858  3%      $ 188,204    6%
 ^(1) Consolidated Eaton Vance Corp. See Attachment 8 for managed assets and
 flows of 49%-owned Hexavest Inc.
 ^(2) Includes balanced accounts holding income
 securities.



                                                                   Attachment 8
Eaton Vance Corp.
Hexavest Inc.^(1) Assets under Management and Net Flows
(in millions)
                     From August 6, 2012 through October 31, 2012
                                                Eaton Vance-Distributed
                                                           Eaton Vance-
                               Hexavest         Eaton      Distributed
                                                Vance-
                               Directly         Sponsored  Separate
                     Total     Distributed^(2)  Funds^(3)  Accounts^(4)  Total
Managed assets -     $ 10,956  $     10,956     $    -     $       -     $ -
beginning of period
 Sales and       1,083         1,047           36          -     36
other inflows
                 (318)         (318)           -           -     -
Redemptions/outflows
 Net flows       765           729             36          -     36
 Market value    389           388             1           -     1
change
Managed assets - end $ 12,110  $     12,073     $    37    $       -     $ 37
of period
          On August 6, 2012, Eaton Vance acquired a 49% equity interest in
^(1)      Hexavest Inc., a Montreal-based investment advisor, and entered into
          a
          distribution agreement with Hexavest covering all markets outside
          Canada.
^(2)      Managed assets and flows of pre-transaction Hexavest clients and
          post-transaction Hexavest clients in Canada. Eaton Vance receives no
          management or distribution revenue on these assets, which are not
          included in the Eaton Vance consolidated results in Attachments 5, 6
          and 7.
^(3)      Managed assets and flows of Eaton Vance-sponsored pooled investment
          vehicles for which Hexavest is advisor or sub-advisor. Eaton Vance
          receives management and/or distribution revenue on these assets,
          which are included in the Eaton Vance consolidated results in
          Attachments 5, 6 and 7.
^(4)      Managed assets and flows of Eaton Vance-distributed separate accounts
          managed by Hexavest. Eaton Vance receives distribution, but not
          management, revenue on these assets, which are not included in the
          Eaton Vance consolidated results in Attachments 5, 6 and 7.





SOURCE Eaton Vance Corp.

Website: http://www.eatonvance.com
Contact: Laurie G. Hylton, +1-617-672-8527, or Daniel C. Cataldo,
+1-617-672-8952