EX-99.(P) 5 b48380evexv99wxpy.txt LETTER AGREEMENT Exhibit (p) Eaton Vance Management The Eaton Vance Building 255 State Street Boston, Massachusetts 02109 Telephone: (617) 482-8260 Telecopy: (617) 338-8054 November 10, 2003 Eaton Vance Senior Floating-Rate Trust The Eaton Vance Building 255 State Street Boston, Massachusetts 02109 Ladies and Gentlemen: With respect to our purchase from you, at the purchase price of $100,000 of 5,000 shares of beneficial interest, net asset value of $20.00 per share ("Initial Shares") in Eaton Vance Senior Floating-Rate Trust, we hereby advise you that we are purchasing such Initial Shares for investment purposes without any present intention of redeeming or reselling. Very truly yours, EATON VANCE MANAGEMENT By: /s/ William M. Steul ----------------------- William M. Steul Treasurer and Vice President