Eaton Vance Greater China Growth Fund
                Supplement to Statement of Additional Information
                              dated January 1, 2003


On June 6, 2003, the  Shareholders of Eaton Vance Greater China Growth Fund (the
"Fund") voted to eliminate or amend certain  fundamental  investment policies of
the Fund. The following  replaces the  fundamental  investment  policies list on
pages 6 and 7 of the Fund's statement of additional information.

(1) Borrow money or issue senior securities except as permitted by the 1940 Act;

(2) Purchase securities or evidences of interest therein on "margin," that is to
say in a  transaction  in which it has borrowed all or a portion of the purchase
price and pledged the purchased  securities or evidences of interest  therein as
collateral for the amount so borrowed;

(3) Engage in the underwriting of securities;

(4) Make loans to other persons except by (a) the acquisition of debt securities
and making portfolio investments,  (b) entering into repurchase agreements,  (c)
lending  portfolio  securities,  and (d) lending cash consistent with applicable
law;

(5)  Concentrate  its  investments  in any particular  industry,  but, if deemed
appropriate for the Fund's objective,  up to (but less than) 25% of the value of
its assets may be invested in any one industry;

(6) Buy or sell real estate  (although it may purchase and sell securities which
are secured by real estate and  securities of companies  which invest or deal in
real  estate),  commodities  or commodity  contracts for the purchase or sale of
physical commodities; or

(7)  Notwithstanding  the investment  policies and restrictions of the Fund, the
Fund may invest its investable assets in another open-end management  investment
company  with  substantially  the  same  investment   objective,   policies  and
restrictions as the Fund;  moreover,  subject to Trustee approval,  the Fund may
invest  its  investable  assets in two or more  open-end  management  investment
companies  which  together have  substantially  the same  investment  objective,
policies  and  restrictions  as the Fund,  to the  extent  permitted  by Section
12(d)(1)(G) of the 1940 Act.


June 6, 2003