EATON VANCE MUNICIPAL BOND FUND II 
By Eaton Vance Management, the Boston-based investment adviser, today announced the monthly distributions declared on the common shares of twelve of its closed-end insured municipal bond funds (?Funds?). The announcement reflects a reduction in the monthly distribution for Eaton Vance Insured Municipal Bond Fund II (AMEX:EIV), Eaton Vance Insured Florida Municipal Bond Fund (AMEX:EIF), Eaton Vance Insured Massachusetts Municipal Bond Fund (AMEX:MAB), Eaton Vance Insured New Jersey Municipal Bond Fund (AMEX:EMJ) and Eaton Vance Insured New York Municipal Bond Fund (AMEX:ENX). The record date for the distributions is November 22, 2006, and the payable date is November 30, 2006. The ex-date is November 20, 2006. The distribution per share, closing market price on October 30, 2006 (or last trade price), and annualized market yield for each Fund are as follows:
| Distribution | Closing | Annualized | |||||
| Fund | Per Share | Market Price | Yield | ||||
| Eaton Vance Insured Municipal Bond Fund (AMEX:EIM) | $ | 0.064250 | $ | 15.51 | 4.97% | ||
| Eaton Vance Insured Municipal Bond Fund II (AMEX:EIV) | $ | 0.063375 | $ | 15.24 | 4.99% | ||
| Eaton Vance Insured California Municipal Bond Fund (AMEX:EVM) | $ | 0.062000 | $ | 14.88 | 5.00% | ||
| Eaton Vance Insured California Municipal Bond Fund II (AMEX:EIA) | $ | 0.060500 | $ | 15.13 | 4.80% | ||
| Eaton Vance Insured Florida Municipal Bond Fund (AMEX:EIF) | $ | 0.056250 | $ | 14.33 | 4.71% | ||
| Eaton Vance Insured Massachusetts Municipal Bond Fund (AMEX:MAB) | $ | 0.057334 | $ | 16.00 | 4.30% | ||
| Eaton Vance Insured Michigan Municipal Bond Fund (AMEX:MIW) | $ | 0.055666 | $ | 14.17 | 4.71% | ||
| Eaton Vance Insured New Jersey Municipal Bond Fund (AMEX:EMJ) | $ | 0.059167 | $ | 16.40 | 4.33% | ||
| Eaton Vance Insured New York Municipal Bond Fund (AMEX:ENX) | $ | 0.059666 | $ | 14.47 | 4.95% | ||
| Eaton Vance Insured New York Municipal Bond Fund II (AMEX:NYH) | $ | 0.058083 | $ | 14.95 | 4.66% | ||
| Eaton Vance Insured Ohio Municipal Bond Fund (AMEX:EIO) | $ | 0.056000 | $ | 14.47 | 4.64% | ||
| Eaton Vance Insured Pennsylvania Municipal Bond Fund (AMEX:EIP) | $ | 0.058333 | $ | 14.94 | 4.69% | ||
The amount of monthly distributions may vary depending on a number of factors. As portfolio and market conditions change, the rate of distributions on the Funds' common shares could change.
Common shares of Eaton Vance Insured Municipal Bond Funds are traded on the American Stock Exchange. The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp., which is listed on the New York Stock Exchange under the symbol EV. Eaton Vance and its affiliates had approximately $124.1 billion in assets under management as of September 30, 2006. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance Management at (800) 262-1122.
