Eaton Vance Atlanta Capital Horizon Growth Fund

BOSTON, Aug. 11, 2011 /PRNewswire/ -- Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), announced today that, upon a vote of shareholders, Eaton Vance Tax-Managed Mid-Cap Core Fund (the Fund) has changed its name to Eaton Vance Atlanta Capital Horizon Growth Fund and its investment objective from long-term, after-tax return to total return.  Management believes that the repositioning benefits Fund shareholders by broadening the Fund's investable universe and the range of investors to whom the Fund may appeal.  

The Fund continues to be managed by a team of portfolio managers at Atlanta Capital Management LLC (Atlanta Capital), a majority-owned subsidiary of Eaton Vance that specializes in the management of high-quality investments.  The Fund's portfolio managers are Richard England, William Hackney, Brian Mansfield and Glenn Shaw.  The Fund employs Atlanta Capital's traditional approach to individual security selection, which is based on equity research using a growth discipline, and currently invests primarily in mid-cap growth stocks.  The Fund seeks to invest in quality companies with a demonstrated history of sustainable earnings growth that management believes are attractively valued in relation to their growth potential.  The Fund's primary performance benchmark is the Russell Mid-Cap Growth Index.  

"We are building a portfolio of stocks focused on sustaining consistent earnings growth while maintaining a strong financial condition," said Mr. England, managing director and principal at Atlanta Capital.  "Allocations among market sectors are determined using the Russell Mid-Cap Growth Index as a benchmark."

Atlanta Capital has provided investment management services to its clients since 1969. Over the firm's 40-year history, investment management has been the sole focus and portfolios have been managed through a singular high-quality investment philosophy.  Eaton Vance acquired a majority interest in Atlanta Capital in 2001.

Eaton Vance is one of the oldest investment management firms in the United States, with a history dating to 1924.  Eaton Vance and its affiliates managed $199.0 billion in assets as of July 31, 2011, offering individuals and institutions a broad array of investment strategies 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.

About Risk:  Fund share values are sensitive to stock market volatility.  Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, or other conditions.  In emerging countries, these risks may be more significant.  Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, established companies.  Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk.  No Fund is a complete investment program and you may lose money investing in a Fund.  The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.

Before investing, investors should consider carefully the investment objectives, risks, charges and expenses of a mutual fund.  This and other important information is contained in the prospectus and summary prospectus, which can be obtained from a financial advisor.  Prospective investors should read the prospectus carefully before investing.

Mutual 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.

The Fund is distributed by Eaton Vance Distributors, Inc., Two International Place, Boston, MA 02110.

SOURCE Eaton Vance Management