Fund Description: Eaton Vance Enhanced Equity Income Fund II is a diversified, closed-end management investment company. The Fund's primary investment objective is to provide current income, with a secondary objective of capital appreciation. The Fund will pursue its investment objectives by investing primarily in a portfolio of large- and mid-capitalization common stocks, seeking to invest primarily in companies with above-average growth and financial strength. Under normal market conditions, the Fund will seek to generate current earnings from option premiums by selling covered call options on a substantial portion of its portfolio securities. Under normal market conditions, the Fund will invest at least 80% of its total assets in common stocks. Normally, the Fund will invest primarily in common stocks of mid- and large-capitalization issuers that meet the Fund's selection criteria of above-average growth and financial strength. Initially, the Fund expects to invest between 55% and 65% of its total assets in mid-capitalization stocks and between 35% and 45% of its total assets in large-capitalization stocks. Under normal market conditions, the Fund expects to invest in at least 75 securities, seeking to reduce the Fund's exposure to individual stock risks. The Fund generally will invest in common stocks on which exchange traded call options are currently available. The Fund will invest primarily in common stocks of U.S. issuers, although the Fund may invest up to 25% of its total assets in securities of foreign issuers. The Fund's investment adviser is Eaton Vance Management.