Eaton Vance Tax-Advantaged Bond and Option Strategies Fund March 2013 Distribution

    Eaton Vance Tax-Advantaged Bond and Option Strategies Fund March 2013
                                 Distribution

PR Newswire

BOSTON, March 28, 2013

BOSTON, March 28, 2013 /PRNewswire/ -- Eaton Vance Tax-Advantaged Bond and
Option Strategies Fund (NYSE: EXD), today announced important information
concerning its distribution declared in March 2013. This press release is
issued as required by the Fund's managed distribution plan (Plan) and an
exemptive order received from the U.S. Securities and Exchange Commission.
The Board of Trustees has approved the implementation of the Plan to make
quarterly cash distributions to common shareholders, stated in terms of a
fixed amount per common share. This information is sent to you for
informational purposes only and is an estimate of the sources of the March
distribution. It is not determinative of the tax character of the Fund's
distributions for the 2013 calendar year. Shareholders should note that the
Fund's total regular distribution amount is subject to change as a result of
market conditions or other factors.

The amounts and sources of distributions reported in this notice are
estimates, are not being provided for tax reporting purposes and the
distribution may later be determined to be from other sources including
realized short-term gains, long-term gains, to the extent permitted by law,
and return of capital. The actual amounts and sources for tax reporting
purposes will depend upon the Fund's investment experience during the
remainder of its fiscal year and may be subject to changes based on tax
regulations. The Fund will send you a Form 1099-DIV for the calendar year
that will tell you how to report these distributions for federal income tax
purposes.

Distribution Period: March 2013
Distribution Amount per Common Share: $0.425

The following table sets forth an estimate of the sources of the Fund's March
distribution and its cumulative distributions paid this fiscal year to date.
Amounts are expressed on a per common share basis and as a percentage of the
distribution amount.



Eaton Vance Tax-Advantaged Bond and Option Strategies Fund
                                           Cumulative        % of the
                                                             Cumulative
                 Current      % of Current Distributions for
Source                                     the               Distributions for
                 Distribution Distribution                   the Fiscal
                                           Fiscal
                                           Year-to-Date^1,2  Year-to-Date^1,2
Net Investment   $0.016       3.7%         $0.015            1.8%
Income
Net Realized
Short-Term       $0.000       0.0%         $0.000            0.0%
Capital Gains
Net Realized
Long-Term        $0.000       0.0%         $0.000            0.0%
Capital Gains
Return of
Capital or Other $0.409       96.3%        $0.835            98.2%
Capital
Source(s)
Total per common $0.425       100.0%       $0.850            100.0%
share



^1  The Fund's fiscal year is January 1, 2013 to December 31, 2013
^2  Cumulative includes dividend paid on January 2, 2013

IMPORTANT DISCLOSURE: You should not draw any conclusions about the Fund's
investment performance from the amount of this distribution or from the terms
of the Fund's Plan. The Fund estimates that it has distributed more than its
income and net realized capital gains; therefore, a portion of your
distribution may be a return of capital. A return of capital may occur for
example, when some or all of the money that you invested in the Fund is paid
back to you. A return of capital distribution does not necessarily reflect the
Fund's investment performance and should not be confused with 'yield' or
'income.' The amounts and sources of distributions reported in this Notice
are only estimates and are not being provided for tax reporting purposes. The
actual amounts and sources of the amounts for accounting and/or tax reporting
purposes will depend upon the Fund's investment experience during the
remainder of its fiscal year and may be subject to changes based on tax
regulations. The Fund will send you a Form 1099-DIV for the calendar year that
will tell you how to report these distributions for federal income tax
purposes.

Set forth in the table below is information relating to the Fund's performance
based on its net asset value (NAV) for certain periods.

Average annual total return at NAV for the period from inception        7.35%
through February 28, 2013^1
Annualized current distribution rate expressed as a percentage of NAV   9.44%
as of February 28, 2013^2
Cumulative total return at NAV for the fiscal year through February 28, -1.53%
2013^3
Cumulative fiscal year to date distribution rate as a percentage of NAV 0.00%
as of February 28, 2013^4



^1 Average annual total return at NAV represents the simple arithmetic average
of the annual NAV total returns of the Fund for the period from inception
(06/29/2010) through February 28, 2013.
^2 The annualized current distribution rate is the cumulative distribution
rate annualized as a percentage of the Fund's NAV as of February 28, 2013.
^3 Cumulative total return at NAV is the percentage change in the Fund's NAV
for the period from the beginning of its fiscal year to February 28, 2013
including distributions paid and assuming reinvestment of those distributions.
^4 Cumulative fiscal year distribution rate for the period from the beginning
of its fiscal year to February 28, 2013 measured on the dollar value of
distributions in the year-to-date period as a percentage of the Fund's NAV as
of February 28, 2013.

The Fund is managed by Eaton Vance Management, a subsidiary of Eaton Vance
Corp. (NYSE: EV), based in Boston, one of the oldest investment management
firms in the United States, with a history dating back to 1924. Eaton Vance
and its affiliates managed $247.8 billion in assets as of January 31, 2013,
offering individuals and institutions a broad array of investment products and
wealth management solutions. The Company's long record of providing exemplary
service 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.



SOURCE Eaton Vance Management

Website: http://www.eatonvance.com
Contact: Investor Contact: 1-800-262-1122
 
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