Fund Description: Eaton Vance Tax-Managed Buy-Write Income Fund is a diversified, closed-end management investment company. The Fund's primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. In pursuing its investment objectives, the Fund will evaluate returns on an after-tax basis, seeking to minimize and defer shareholder federal income taxes. Under normal market conditions, the Fund's investment program will consist primarily of (1) owning a diversified portfolio of common stocks that seeks to exceed the total return performance of the S&P 500 Composite Stock Price Index and (2) selling S&P 500 call options on a continuous basis on substantially the full value of its holdings of common stocks. The Fund will use the CBOE S&P 500 BuyWrite Index (the "BXM") as its performance benchmark and will seek to achieve higher after-tax returns than a pure replication of the BXM strategy in part by employing a number of tax-management techniques and strategies. The BXM is a passive stock-plus-covered-call index created and maintained by the Chicago Board Options Exchange (the "CBOE"). The Fund's investment adviser is Eaton Vance Management.