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-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JoXDyWsq79sSYqpcmwkhdzO0gROrdP9NnO353/1KomxNp8CzpfAt1EJuwd9NheDu Cfvr/zd4sS7Dm1ZUgrdHBQ== 0000950123-09-026941.txt : 20090729 0000950123-09-026941.hdr.sgml : 20090729 20090729155647 ACCESSION NUMBER: 0000950123-09-026941 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090531 FILED AS OF DATE: 20090729 DATE AS OF CHANGE: 20090729 EFFECTIVENESS DATE: 20090729 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EATON VANCE GROWTH TRUST CENTRAL INDEX KEY: 0000102816 IRS NUMBER: 042325690 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-01241 FILM NUMBER: 09970246 BUSINESS ADDRESS: STREET 1: THE EATON VANCE BUILDING STREET 2: 255 STATE STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-598-8880 MAIL ADDRESS: STREET 1: THE EATON VANCE BUILDING STREET 2: 255 STATE STREET CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: EATON VANCE GROWTH FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: VANCE SANDERS COMMON STOCK FUND INC DATE OF NAME CHANGE: 19820915 FORMER COMPANY: FORMER CONFORMED NAME: BOSTON STOCK FUND INC DATE OF NAME CHANGE: 19730619

0000102816 S000005195 Eaton Vance Asian Small Companies Fund

C000014174 Eaton Vance Asian Small Companies Fund Class A EVASX

C000014175 Eaton Vance Asian Small Companies Fund Class B EBASX

0000102816 S000005199 Eaton Vance Global Growth Fund

C000014181 Eaton Vance Global Growth Fund Class A ETIAX

C000014182 Eaton Vance Global Growth Fund Class B EMIAX

C000014183 Eaton Vance Global Growth Fund Class C ECIAX

0000102816 S000005200 Eaton Vance Greater China Growth Fund

C000014185 Eaton Vance Greater China Growth Fund Class A EVCGX

C000014186 Eaton Vance Greater China Growth Fund Class B EMCGX

C000014187 Eaton Vance Greater China Growth Fund Class C ECCGX

0000102816 S000005201 Eaton Vance Multi-Cap Growth Fund

C000014188 Eaton Vance Multi-Cap Growth Fund Class A EVGFX

C000014189 Eaton Vance Multi-Cap Growth Fund Class B EMGFX

C000014190 Eaton Vance Multi-Cap Growth Fund Class C ECGFX

0000102816 S000005202 Eaton Vance Worldwide Health Sciences Fund

C000014191 Eaton Vance Worldwide Health Sciences Fund Class A ETHSX

C000014192 Eaton Vance Worldwide Health Sciences Fund Class B EMHSX

C000014193 Eaton Vance Worldwide Health Sciences Fund Class C ECHSX

C000014194 Eaton Vance Worldwide Health Sciences Fund Class R ERHSX

N-Q 1 b76286a1nvq.htm EATON VANCE GROWTH TRUST Eaton Vance Growth Trust

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

811-01241

Investment Company Act File Number

Eaton Vance Growth Trust

(Exact Name of Registrant as Specified in Charter)

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

Maureen A. Gemma

Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Services)

(617) 482-8260

(Registrant’s Telephone Number, Including Area Code)

August 31

Date of Fiscal Year End

May 31, 2009

Date of Reporting Period

TABLE OF CONTENTS


	Item 1. Schedule of Investments
	Item 2. Controls and Procedures
Signatures
EX-99.CERT Section 302 Certification

Item 1. Schedule of Investments

Eaton Vance Asian Small Companies Fund as of May 31, 2009 (Unaudited)

Eaton Vance Asian Small Companies Fund (the Fund), a series of Eaton Vance Growth Trust, invests substantially all of its assets in Asian Small Companies Portfolio (the Portfolio) and owns a pro rata interest in the Portfolio’s net assets. At May 31, 2009, the value of the Fund’s investment in the Portfolio was $47,677,399 and the Fund owned 47.1% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.


Asian Small Companies Portfolio	as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 94.8%


Security	Shares		Value
China — 41.4%

Chemicals — 0.5%
China BlueChemical, Ltd., Class H		854,000	$	500,173

			$	500,173

Computers & Peripherals — 1.9%
China Digital TV Holding Co., Ltd. ADR		215,724	$	1,941,516

			$	1,941,516

Construction & Engineering — 5.9%
China State Construction International Holdings, Ltd.		7,954,000	$	2,920,812
Midas Holdings, Ltd.		6,494,000		3,045,699

			$	5,966,511

Construction Materials — 0.9%
Asia Cement China Holdings Corp.⁽¹⁾		1,106,000	$	892,667

			$	892,667

Containers & Packaging — 2.9%
AMVIG Holdings, Ltd.		5,224,000	$	2,924,453

			$	2,924,453

Electronic Equipment, Instruments & Components — 8.8%
Inspur International, Ltd.		23,655,000	$	4,520,794
Ju Teng International Holdings, Ltd.		4,778,000		2,943,768
Wasion Group Holdings, Ltd.		2,462,000		1,431,571

			$	8,896,133

Energy Equipment & Services — 0.9%
China Oilfield Services, Ltd., Class H		858,000	$	948,651

			$	948,651

Food Products — 5.4%
China Green (Holdings), Ltd.		3,306,000	$	3,032,831
Uni-President China Holdings, Ltd.		4,807,000		2,428,567

			$	5,461,398

Machinery — 4.8%
China Automation Group, Ltd.		11,996,000	$	4,907,325

			$	4,907,325

Real Estate Investment Trusts (REITs) — 3.4%
CapitaRetail China Trust		4,156,000	$	3,421,582

			$	3,421,582


Security	Shares		Value
Real Estate Management & Development — 4.5%
KWG Property Holding, Ltd.⁽¹⁾		3,524,500	$	2,130,665
Soho China, Ltd.		3,702,500		2,390,793

			$	4,521,458

Textiles, Apparel & Luxury Goods — 1.5%
Ports Design, Ltd.		798,500	$	1,581,587

			$	1,581,587


Total China (identified cost $31,704,991)			$	41,963,454


Hong Kong — 3.0%

Commercial Banks — 1.6%
Dah Sing Financial Holdings, Ltd.		377,600	$	1,576,462

			$	1,576,462

Hotels, Restaurants & Leisure — 0.9%
Fairwood Holdings, Ltd.		980,000	$	907,512

			$	907,512

Textiles, Apparel & Luxury Goods — 0.5%
Peace Mark (Holdings), Ltd.⁽¹⁾⁽²⁾		14,298,000	$	497,979

			$	497,979


Total Hong Kong (identified cost $5,151,410)			$	2,981,953


India — 10.6%

Chemicals — 1.9%
United Phosphorus, Ltd.		562,040	$	1,966,841

			$	1,966,841

Electrical Equipment — 0.9%
Crompton Greaves, Ltd.		163,920	$	923,328

			$	923,328

Oil, Gas & Consumable Fuels — 1.4%
Petronet LNG, Ltd.⁽¹⁾		903,030	$	1,364,645

			$	1,364,645

Real Estate Management & Development — 2.4%
Indiabulls Real Estate, Ltd.		449,566	$	2,394,014

			$	2,394,014


Security	Shares		Value
Software — 4.0%
ICSA (India), Ltd.		1,045,151	$	4,077,089

			$	4,077,089


Total India (identified cost $8,015,863)			$	10,725,917


Indonesia — 3.5%

Commercial Banks — 0.0%
PT Bank Tabungan Pensiunan Nasional Tbk⁽¹⁾		362,000	$	60,008

			$	60,008

Multiline Retail — 0.9%
PT Ramayana Lestari Sentosa Tbk		17,162,000	$	888,056

			$	888,056

Oil, Gas & Consumable Fuels — 2.6%
PT Indo Tambangraya Megah Tbk		1,382,500	$	2,639,676

			$	2,639,676


Total Indonesia (identified cost $1,983,611)			$	3,587,740


Singapore — 19.7%

Consumer Finance — 1.8%
Hong Leong Finance, Ltd.		1,028,000	$	1,830,061

			$	1,830,061

Diversified Consumer Services — 1.5%
Raffles Education Corp., Ltd.		4,101,293	$	1,527,688

			$	1,527,688

Electronic Equipment, Instruments & Components — 2.9%
Venture Corp., Ltd.		600,000	$	2,969,451

			$	2,969,451

Energy Equipment & Services — 1.1%
Ezra Holdings, Ltd.		1,161,000	$	1,074,689

			$	1,074,689

Food & Staples Retailing — 1.5%
Olam International, Ltd.		1,110,000	$	1,506,235

			$	1,506,235

Industrial Conglomerates — 1.1%
Hong Leong Asia, Ltd.		1,095,000	$	1,076,754

			$	1,076,754


Security	Shares		Value
IT Services — 1.3%
CSE Global, Ltd.		3,048,500	$	1,339,375

			$	1,339,375

Oil, Gas & Consumable Fuels — 2.2%
Straits Asia Resources, Ltd.		2,183,000	$	2,274,068

			$	2,274,068

Real Estate Investment Trusts (REITs) — 3.4%
Frasers Centrepoint Trust		2,667,000	$	1,693,827
Starhill Global REIT		3,480,000		1,707,068

			$	3,400,895

Real Estate Management & Development — 2.4%
Allgreen Properties, Ltd.		1,738,000	$	1,256,816
Wheelock Properties (Singapore), Ltd.		1,006,000		1,173,025

			$	2,429,841

Transportation Infrastructure — 0.5%
SIA Engineering Co., Ltd.		285,000	$	518,121

			$	518,121


Total Singapore (identified cost $15,155,575)			$	19,947,178


South Korea — 6.1%

Diversified Consumer Services — 2.2%
MegaStudy Co., Ltd.		12,150	$	2,182,648

			$	2,182,648

Insurance — 1.8%
Korean Reinsurance Co.		193,320	$	1,826,119

			$	1,826,119

Media — 2.1%
Woongjin Thinkbig Co., Ltd.		130,010	$	2,166,546

			$	2,166,546


Total South Korea (identified cost $6,049,002)			$	6,175,313


Taiwan — 9.9%

Chemicals — 2.5%
Taiwan Fertilizer Co., Ltd.		792,000	$	2,552,605

			$	2,552,605


Security	Shares		Value
Computers & Peripherals — 1.0%
Simplo Technology Co., Ltd.		242,000	$	1,053,293

			$	1,053,293

Hotels, Restaurants & Leisure — 0.9%
Formosa International Hotels Corp.		60,300	$	910,436

			$	910,436

Semiconductors & Semiconductor Equipment — 1.4%
Greatek Electronics, Inc.		1,526,000	$	1,366,656

			$	1,366,656

Textiles, Apparel & Luxury Goods — 4.1%
Ruentex Industries, Ltd.		3,972,000	$	4,180,178

			$	4,180,178


Total Taiwan (identified cost $8,784,470)			$	10,063,168


Thailand — 0.6%

Consumer Finance — 0.6%
Thanachart Capital Public Co., Ltd.		1,565,100	$	588,452

			$	588,452


Total Thailand (identified cost $794,201)			$	588,452


Total Common Stocks (identified cost $77,639,123)			$	96,033,175


Total Investments — 94.8% (identified cost $77,639,123)			$	96,033,175


Other Assets, Less Liabilities — 5.2%			$	5,234,114


Net Assets — 100.0%			$	101,267,289



ADR	-	American Depository Receipt

(1)		Non-income producing security.

(2)		Security valued at fair value using methods determined in good faith by or at the direction of the Trustees.

The Portfolio did not have any open financial instruments at May 31, 2009.

The cost and unrealized appreciation (depreciation) of investments of the Portfolio at May 31, 2009, as determined on a federal income tax basis, were as follows:


Aggregate cost	$	77,639,123

Gross unrealized appreciation	$	22,503,709
Gross unrealized depreciation		(4,109,657	)

Net unrealized appreciation	$	18,394,052

The Portfolio adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157 (FAS 157), “Fair Value Measurements”, effective September 1, 2008. FAS 157 established a three-tier hierarchy to prioritize the assumptions, referred to as inputs, used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.


	•	Level 1 — quoted prices in active markets for identical investments

	•	Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

	•	Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At May 31, 2009, the inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:


		Investments in
	Valuation Inputs	Securities
Level 1	Quoted Prices	$	2,529,968
Level 2	Other Significant Observable Inputs		93,005,228
Level 3	Significant Unobservable Inputs		497,979

Total		$	96,033,175

The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:


	Investments in
	Securities
Balance as of August 31, 2008	$	—
Realized gains (losses)		—
Change in net unrealized appreciation (depreciation)		(2,249,963	)
Net purchases (sales)		—
Accrued discount (premium)		—
Net transfers to (from) Level 3		2,747,942

Balance as of May 31, 2009	$	497,979


Change in net unrealized appreciation (depreciation) on investments still held as of May 31, 2009	$	(2,249,963	)

For information on the Portfolio’s policy regarding valuation of investments and other significant accounting policies, please refer to the Portfolio’s most recent financial statements included in its semiannual or annual report to shareholders.

Eaton Vance Greater China Growth Fund as of May 31, 2009 (Unaudited)

Eaton Vance Greater China Growth Fund (the Fund), a series of Eaton Vance Growth Trust, invests substantially all of its assets in Greater China Growth Portfolio (the Portfolio) and owns a pro rata interest in the Portfolio’s net assets. At May 31, 2009, the value of the Fund’s investment in the Portfolio was $216,673,316 and the Fund owned 99.9% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.


Greater China Growth Portfolio	as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 98.2%


Security	Shares		Value
China — 61.4%

Chemicals — 0.7%
China BlueChemical, Ltd., Class H		2,638,000	$	1,545,030

			$	1,545,030

Commercial Banks — 8.5%
Bank of China, Ltd.		10,820,000	$	4,907,278
China Construction Bank Corp., Class H		10,580,000		6,906,081
Industrial and Commercial Bank of China, Ltd., Class H		10,351,000		6,597,638

			$	18,410,997

Construction & Engineering — 1.2%
China Communications Construction Co., Ltd., Class H		1,893,000	$	2,660,352

			$	2,660,352

Construction Materials — 1.3%
Anhui Conch Cement Co., Ltd., Class H		234,000	$	1,695,825
China National Building Material Co., Ltd., Class H		476,000		1,054,454

			$	2,750,279

Containers & Packaging — 1.1%
AMVIG Holdings, Ltd.		4,414,000	$	2,471,006

			$	2,471,006

Diversified Consumer Services — 1.7%
New Oriental Education & Technology Group, Inc. ADR⁽¹⁾		67,400	$	3,704,304

			$	3,704,304

Diversified Telecommunication Services — 1.4%
China Communications Services Corp., Ltd., Class H		4,822,000	$	2,966,423

			$	2,966,423

Electrical Equipment — 2.9%
China High Speed Transmission Equipment Group Co., Ltd.		1,490,000	$	3,176,434
Shanghai Electric Group Co., Ltd., Class H		6,498,000		3,106,735

			$	6,283,169

Energy Equipment & Services — 1.7%
China Oilfield Services, Ltd., Class H		3,322,000	$	3,672,983

			$	3,672,983

Health Care Equipment & Supplies — 1.3%
Mindray Medical International, Ltd. ADR		124,800	$	2,871,648

			$	2,871,648

Industrial Conglomerates — 3.0%
Beijing Enterprises Holdings, Ltd.		593,500	$	2,700,696
Shanghai Industrial Holdings, Ltd.		936,000		3,736,456

			$	6,437,152


Security	Shares		Value
Insurance — 4.4%
China Insurance International Holdings Co., Ltd.⁽¹⁾		596,000	$	1,112,774
China Life Insurance Co., Ltd., Class H		2,069,000		7,605,449
Ping An Insurance (Group) Co. of China, Ltd.		129,500		906,458

			$	9,624,681

Internet Software & Services — 5.1%
NetEase.com, Inc. ADR⁽¹⁾		123,800	$	4,281,004
Tencent Holdings, Ltd.		593,200		6,662,280

			$	10,943,284

Machinery — 1.3%
China South Locomotive and Rolling Stock Corp., Class H		4,258,000	$	2,811,801

			$	2,811,801

Multiline Retail — 1.8%
Parkson Retail Group, Ltd.		2,529,500	$	3,989,964

			$	3,989,964

Oil, Gas & Consumable Fuels — 7.3%
China Petroleum and Chemical Corp.		3,446,000	$	2,814,440
China Shenhua Energy Co., Ltd., Class H		1,195,000		4,037,331
CNOOC, Ltd.		3,709,000		4,964,606
PetroChina Co., Ltd., Class H		3,514,000		4,081,640

			$	15,898,017

Real Estate Management & Development — 3.7%
China Overseas Land & Investment, Ltd.		2,001,040	$	4,284,176
Guangzhou R&F Properties Co., Ltd., Class H		1,612,000		3,715,119

			$	7,999,295

Specialty Retail — 1.1%
Belle International Holdings, Ltd.		3,005,000	$	2,367,110

			$	2,367,110

Textiles, Apparel & Luxury Goods — 2.8%
China Dongxiang Group Co.		2,904,000	$	1,637,133
Ports Design, Ltd.		2,191,500		4,340,697

			$	5,977,830

Transportation Infrastructure — 2.4%
China Merchants Holdings International Co., Ltd.		914,000	$	2,846,873
Zhejiang Expressway Co., Ltd., Class H		2,946,000		2,311,577

			$	5,158,450

Wireless Telecommunication Services — 6.7%
China Mobile, Ltd.		1,484,000	$	14,573,074

			$	14,573,074


Total China (identified cost $109,735,577)			$	133,116,849


Hong Kong — 18.7%

Chemicals — 1.9%
Huabao International Holdings, Ltd.		4,620,000	$	4,195,629

			$	4,195,629


Security	Shares		Value
Commercial Banks — 1.2%
Hang Seng Bank, Ltd.		186,900	$	2,692,312

			$	2,692,312

Distributors — 3.1%
Integrated Distribution Services Group, Ltd.		2,447,000	$	3,556,473
Li & Fung, Ltd.		1,172,000		3,177,277

			$	6,733,750

Diversified Financial Services — 1.9%
Hong Kong Exchanges and Clearing, Ltd.		268,300	$	4,192,268

			$	4,192,268

Electric Utilities — 1.3%
CLP Holdings, Ltd.		411,000	$	2,769,318

			$	2,769,318

Industrial Conglomerates — 0.6%
Hutchison Whampoa, Ltd.		170,000	$	1,200,293

			$	1,200,293

Real Estate Management & Development — 7.5%
Cheung Kong Holdings, Ltd.		462,000	$	5,756,733
Kerry Properties, Ltd.		593,000		2,548,590
Sun Hung Kai Properties, Ltd.		308,000		3,858,374
Swire Pacific, Ltd., Class A		395,500		3,967,072

			$	16,130,769

Specialty Retail — 1.2%
Esprit Holdings, Ltd.		389,500	$	2,491,727

			$	2,491,727


Total Hong Kong (identified cost $41,407,839)			$	40,406,066


Taiwan — 18.1%

Chemicals — 2.6%
Taiwan Fertilizer Co., Ltd.		1,744,000	$	5,620,889

			$	5,620,889

Commercial Banks — 0.5%
Chinatrust Financial Holding Co., Ltd.		1,677,000	$	1,119,159

			$	1,119,159

Computers & Peripherals — 0.4%
Compal Electronics		959,000	$	819,039

			$	819,039

Diversified Telecommunication Services — 2.6%
Chunghwa Telecom Co., Ltd.		2,882,655	$	5,507,901

			$	5,507,901

Electronic Equipment, Instruments & Components — 2.4%
Hon Hai Precision Industry Co., Ltd.		1,343,882	$	5,148,662

			$	5,148,662

Food & Staples Retailing — 1.7%
President Chain Store Corp.		1,454,000	$	3,773,737

			$	3,773,737


Security	Shares		Value
Hotels, Restaurants & Leisure — 2.0%
Formosa International Hotels Corp.		289,978	$	4,378,215

			$	4,378,215

Semiconductors & Semiconductor Equipment — 5.9%
MediaTek, Inc.		228,199	$	2,843,627
Taiwan Semiconductor Manufacturing Co., Ltd.		5,403,820		10,001,237

			$	12,844,864


Total Taiwan (identified cost $39,114,313)			$	39,212,466


Total Common Stocks (identified cost $190,257,729)			$	212,735,381


Total Investments — 98.2% (identified cost $190,257,729)			$	212,735,381


Other Assets, Less Liabilities — 1.8%			$	3,938,258


Net Assets — 100.0%			$	216,673,639

The Portfolio did not have any open financial instruments at May 31, 2009.

The cost and unrealized appreciation (depreciation) of investments of the Portfolio at May 31, 2009, as determined on a federal income tax basis, were as follows:


Aggregate cost	$	190,257,729

Gross unrealized appreciation	$	42,378,680
Gross unrealized depreciation		(19,901,028	)

Net unrealized appreciation	$	22,477,652


	•	Level 1 — quoted prices in active markets for identical investments

	•	Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

	•	Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At May 31, 2009, the inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:


		Investments in
	Valuation Inputs	Securities
Level 1	Quoted Prices	$	10,856,956
Level 2	Other Significant Observable Inputs		201,878,425
Level 3	Significant Unobservable Inputs		—

Total		$	212,735,381

The Portfolio held no investments or other financial instruments as of August 31, 2008 whose fair value was determined using Level 3 inputs.

Eaton Vance Global Growth Fund as of May 31, 2009 (Unaudited)

Eaton Vance Global Growth Fund (the Fund), a series of Eaton Vance Growth Trust, invests substantially all of its assets in Global Growth Portfolio (the Portfolio) and owns a pro rata interest in the Portfolio’s net assets. At May 31, 2009, the value of the Fund’s investment in the Portfolio was $51,853,677 and the Fund owned 99.9% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.


Global Growth Portfolio	as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 94.9%


Security	Shares		Value
Auto Components — 0.5%
Goodyear Tire & Rubber Co. (The)⁽¹⁾⁽²⁾		23,800	$	272,510

			$	272,510

Automobiles — 2.6%
Harley-Davidson, Inc.⁽²⁾		30,400	$	515,888
Honda Motor Co., Ltd.		14,000		406,192
Toyota Motor Corp.		11,300		450,595

			$	1,372,675

Beverages — 3.3%
Central European Distribution Corp.⁽¹⁾⁽²⁾		7,000	$	176,190
Diageo PLC ADR		11,300		616,528
Fomento Economico Mexicano SA de C.V. ADR⁽²⁾		20,000		653,800
Foster’s Group, Ltd.		61,800		244,026

			$	1,690,544

Biotechnology — 0.2%
Biogen Idec, Inc.⁽¹⁾⁽²⁾		1,704	$	88,250

			$	88,250

Building Products — 1.1%
Owens Corning⁽¹⁾⁽²⁾		27,100	$	377,503
USG Corp.⁽¹⁾⁽²⁾		5,200		62,400
Wienerberger AG⁽¹⁾		9,400		133,388

			$	573,291

Capital Markets — 0.6%
Aberdeen Asset Management PLC		18,275	$	38,519
Affiliated Managers Group, Inc.⁽¹⁾		5,179		290,594

			$	329,113

Chemicals — 1.8%
Agrium, Inc.		8,000	$	393,760
Celanese Corp.⁽²⁾		16,000		328,160
CF Industries Holdings, Inc.		2,500		194,100

			$	916,020

Commercial Banks — 7.0%
Banco Santander Central Hispano SA ADR⁽²⁾		71,000	$	762,540
Barclays PLC		53,000		257,526
BOC Hong Kong Holdings Ltd.		156,000		247,382
Boston Private Financial Holdings, Inc.⁽²⁾		2,786		13,874
DBS Group Holdings, Ltd.		68,000		558,440
Intesa Sanpaolo ADR⁽¹⁾		67,000		239,490
KBC Groep N.V.⁽¹⁾		5,500		114,384
Mitsubishi UFJ Financial Group, Inc.		88,000		558,399


Security	Shares		Value
SVB Financial Group⁽¹⁾		2,963	$	79,853
Wells Fargo & Co.⁽²⁾		31,000		790,500

			$	3,622,388

Commercial Services & Supplies — 1.0%
Copart, Inc.⁽¹⁾⁽²⁾		7,300	$	224,037
RR Donnelley & Sons Co.		22,000		296,560

			$	520,597

Communications Equipment — 2.8%
Brocade Communications Systems, Inc.⁽¹⁾⁽²⁾		91,800	$	673,812
Nokia Oyj ADR⁽²⁾		13,000		198,900
Research In Motion, Ltd.⁽¹⁾⁽²⁾		2,826		222,237
Riverbed Technology, Inc.⁽¹⁾⁽²⁾		17,500		351,575

			$	1,446,524

Computers & Peripherals — 0.7%
Apple, Inc.⁽¹⁾		2,600	$	353,106

			$	353,106

Construction & Engineering — 1.1%
Granite Construction, Inc.⁽²⁾		10,200	$	372,810
Perini Corp.⁽¹⁾⁽²⁾		737		15,219
Vinci SA		4,000		193,437

			$	581,466

Consumer Finance — 2.1%
Discover Financial Services		60,000	$	573,600
Promise Co., Ltd.⁽²⁾		15,900		212,485
SLM Corp.⁽¹⁾⁽²⁾		48,745		322,204

			$	1,108,289

Diversified Consumer Services — 0.7%
Corinthian Colleges, Inc.⁽¹⁾⁽²⁾		22,200	$	341,436

			$	341,436

Diversified Financial Services — 1.0%
JPMorgan Chase & Co.		13,600	$	501,840

			$	501,840

Diversified Telecommunication Services — 3.2%
France Telecom SA ADR		26,700	$	623,178
Koninklijke KPN N.V.		25,800		339,487
Telefonica SA		32,000		693,196

			$	1,655,861

Electric Utilities — 1.2%
E.ON AG ADR		10,400	$	368,992
Scottish and Southern Energy PLC		14,000		265,030

			$	634,022


Security	Shares		Value
Electrical Equipment — 2.5%
ABB, Ltd. ADR⁽²⁾		20,800	$	342,368
Energy Conversion Devices, Inc.⁽¹⁾⁽²⁾		4,800		82,608
First Solar, Inc.⁽¹⁾⁽²⁾		1,700		323,000
GrafTech International, Ltd.⁽¹⁾		54,000		549,180

			$	1,297,156

Electronic Equipment, Instruments & Components — 0.7%
FUJIFILM Holdings Corp.		11,000	$	318,173
Itron, Inc.⁽¹⁾⁽²⁾		700		40,838

			$	359,011

Energy Equipment & Services — 2.6%
Complete Production Services, Inc.⁽¹⁾		40,000	$	283,200
Nabors Industries, Ltd.⁽¹⁾⁽²⁾		10,600		189,528
Patterson-UTI Energy, Inc.⁽²⁾		13,000		186,420
Pride International, Inc.⁽¹⁾		17,418		421,864
Transocean, Ltd.⁽¹⁾⁽²⁾		3,600		286,128

			$	1,367,140

Food Products — 2.7%
Nestle SA		27,000	$	983,147
Unilever PLC		17,000		401,206

			$	1,384,353

Health Care Equipment & Supplies — 0.3%
Masimo Corp.⁽¹⁾⁽²⁾		6,000	$	143,640

			$	143,640

Health Care Providers & Services — 0.5%
Express Scripts, Inc.⁽¹⁾		2,700	$	172,935
Health Management Associates, Inc.⁽¹⁾⁽²⁾		18,000		104,580

			$	277,515

Hotels, Restaurants & Leisure — 1.2%
Scientific Games Corp., Class A⁽¹⁾		34,000	$	606,220

			$	606,220

Household Durables — 2.4%
Desarrolladora Homex SA de C.V. ADR⁽¹⁾⁽²⁾		18,500	$	498,575
LG Electronics, Inc.		1,400		134,966
Mohawk Industries, Inc.⁽¹⁾⁽²⁾		3,300		126,291
Tempur-Pedic International, Inc.		24,000		264,720
Whirlpool Corp.⁽²⁾		5,600		235,984

			$	1,260,536

Industrial Conglomerates — 0.9%
Keppel Corp., Ltd.		91,200	$	458,780

			$	458,780


Security	Shares		Value
Insurance — 6.0%
Aegon N.V.		63,800	$	399,958
Allied World Assurance Holdings, Ltd.		12,800		483,200
AXA SA ADR⁽²⁾		23,700		446,745
Fairfax Financial Holdings, Ltd.		600		156,000
Fidelity National Financial, Inc., Class A		17,000		236,980
MetLife, Inc.		8,750		275,625
Muenchener Rueckversicherungs-Gesellschaft AG		2,500		353,081
Tokio Marine Holdings, Inc.⁽²⁾		18,200		534,198
Zurich Financial Services AG		1,300		243,298

			$	3,129,085

Internet & Catalog Retail — 0.3%
NetFlix, Inc.⁽¹⁾⁽²⁾		4,100	$	161,622

			$	161,622

Internet Software & Services — 0.8%
Akamai Technologies, Inc.⁽¹⁾		13,700	$	304,962
MercadoLibre, Inc.⁽¹⁾⁽²⁾		5,500		119,020

			$	423,982

IT Services — 0.5%
Euronet Worldwide, Inc.⁽¹⁾		13,000	$	207,480
Wright Express Corp.⁽¹⁾		2,000		49,740

			$	257,220

Media — 1.8%
Arbitron, Inc.		6,055	$	120,555
Central European Media Enterprises, Ltd.⁽¹⁾⁽²⁾		8,200		153,504
Liberty Entertainment, Series A⁽¹⁾		27,500		664,400

			$	938,459

Metals & Mining — 2.6%
Anglo American PLC ADR⁽²⁾		19,110	$	274,228
Gammon Gold, Inc.⁽¹⁾⁽²⁾		59,000		486,160
Sterlite Industries India, Ltd. ADR⁽²⁾		23,300		306,861
Vale SA ADR		18,100		293,763

			$	1,361,012

Multi-Utilities — 2.3%
National Grid PLC		69,800	$	676,811
RWE AG		6,200		516,212

			$	1,193,023

Multiline Retail — 0.5%
Big Lots, Inc.⁽¹⁾		11,700	$	269,217

			$	269,217

Office Electronics — 0.2%
Neopost SA		1,500	$	125,026

			$	125,026


Security	Shares		Value
Oil, Gas & Consumable Fuels — 10.5%
Brigham Exploration Co.⁽¹⁾⁽²⁾		78,638	$	265,796
Chesapeake Energy Corp.⁽²⁾		13,000		294,580
Enbridge Energy Management, LLC⁽¹⁾		2,656		101,726
Enbridge Energy Partners, LP⁽²⁾		4,800		193,680
Goodrich Petroleum Corp.⁽¹⁾⁽²⁾		5,243		140,093
Hess Corp.		2,400		159,816
LUKOIL ADR⁽²⁾		4,600		243,800
Newfield Exploration Co.⁽¹⁾⁽²⁾		9,000		325,080
Paladin Energy, Ltd.⁽¹⁾		165,000		675,567
Petrohawk Energy Corp.⁽¹⁾		17,450		439,740
Petroleo Brasileiro SA ADR⁽²⁾		22,300		779,831
Plains Exploration & Production Co.⁽¹⁾		6,000		169,680
StatoilHydro ASA ADR		13,495		283,665
Total SA ADR⁽²⁾		17,000		980,050
Walter Industries, Inc.		11,500		375,360

			$	5,428,464

Pharmaceuticals — 5.4%
AstraZeneca PLC ADR⁽²⁾		10,500	$	438,060
GlaxoSmithKline PLC ADR⁽²⁾		10,700		360,697
Novartis AG ADR⁽²⁾		17,900		716,358
Perrigo Co.		4,000		107,440
Roche Holding AG		2,900		397,081
Sanofi-Aventis SA		9,000		574,417
Shionogi & Co., Ltd.		11,000		216,790

			$	2,810,843

Professional Services — 0.5%
Equifax, Inc.⁽²⁾		8,800	$	239,536

			$	239,536

Real Estate Investment Trusts (REITs) — 1.1%
Chimera Investment Corp.⁽²⁾		32,700	$	114,123
Host Hotels & Resorts, Inc.⁽²⁾		47,000		440,860

			$	554,983

Road & Rail — 0.8%
All America Latina Logistica		20,000	$	117,097
East Japan Railway Co.		3,000		179,114
Kansas City Southern⁽¹⁾⁽²⁾		8,500		140,165

			$	436,376

Semiconductors & Semiconductor Equipment — 2.9%
Atheros Communications, Inc.⁽¹⁾⁽²⁾		19,900	$	333,524
MEMC Electronic Materials, Inc.⁽¹⁾		16,300		314,427
ON Semiconductor Corp.⁽¹⁾⁽²⁾		57,500		393,875
Tessera Technologies, Inc.⁽¹⁾		18,720		440,482

			$	1,482,308


Security	Shares		Value
Software — 2.5%
Ariba, Inc.⁽¹⁾⁽²⁾		13,688	$	129,625
Check Point Software Technologies, Ltd.⁽¹⁾⁽²⁾		5,600		130,760
Concur Technologies, Inc.⁽¹⁾⁽²⁾		10,300		303,850
Nintendo Co., Ltd.		2,500		674,649
Rosetta Stone, Inc.⁽¹⁾⁽²⁾		2,964		71,462

			$	1,310,346

Specialty Retail — 2.5%
Advance Auto Parts, Inc.		12,388	$	527,605
Best Buy Co., Inc.⁽²⁾		14,100		494,910
Childrens Place Retail Stores, Inc. (The)⁽¹⁾⁽²⁾		2,400		86,184
Gap, Inc. (The)⁽²⁾		8,000		142,800
Hibbett Sports, Inc.⁽¹⁾⁽²⁾		1,415		25,512

			$	1,277,011

Textiles, Apparel & Luxury Goods — 2.7%
Gildan Activewear, Inc.⁽¹⁾		51,900	$	853,755
Hanesbrands, Inc.⁽¹⁾⁽²⁾		32,300		545,870

			$	1,399,625

Tobacco — 1.8%
British American Tobacco PLC		29,300	$	803,099
Japan Tobacco, Inc.		40		115,313

			$	918,412

Trading Companies & Distributors — 1.5%
Mitsui & Co., Ltd.⁽²⁾		50,000	$	641,109
WESCO International, Inc.⁽¹⁾⁽²⁾		6,000		160,380

			$	801,489

Wireless Telecommunication Services — 3.0%
Crown Castle International Corp.⁽¹⁾		29,000	$	703,540
MTN Group, Ltd.		13,000		189,439
Turkcell Iletisim Hizmetleri AS ADR⁽²⁾		37,000		492,470
Vodafone Group PLC ADR⁽²⁾		8,700		163,734

			$	1,549,183


Total Common Stocks (identified cost $46,298,769)			$	49,229,505

Short-Term Investments — 31.3%


	Interest
Description	(000’s Omitted)		Value
Cash Management Portfolio, 0.03%⁽³⁾	$	1,569	$	1,569,227
Eaton Vance Cash Collateral Fund, LLC, 0.38%⁽³⁾⁽⁴⁾		14,659		14,659,426


Total Short-Term Investments (identified cost $16,193,191)			$	16,228,653


Total Investments — 126.2% (identified cost $62,491,960)			$	65,458,158


Other Assets, Less Liabilities — (26.2)%			$	(13,604,314	)


Net Assets — 100.0%			$	51,853,844


ADR	-	American Depositary Receipt

(1)		Non-income producing security.
(2)		All or a portion of this security was on loan at May 31, 2009.
(3)		Affiliated investment company available to Eaton Vance portfolios and funds which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of May 31, 2009. At May 31, 2009, Eaton Vance Cash Collateral Fund, LLC valued its investments based on amortized cost. For the fiscal year to date ended May 31, 2009, the total of securities lending income earned (excluding loan rebate fees) and interest income allocated from the investment in Eaton Vance Cash Collateral Fund, LLC was $136,753, and net income allocated from the investment in Cash Management Portfolio was $12,423.
(4)		The amount invested in Eaton Vance Cash Collateral Fund, LLC represents cash collateral received for securities on loan at May 31, 2009. At May 31, 2009, the Portfolio loaned securities having a market value of $14,521,373 and received $14,659,426 of cash collateral for the loans. Other Assets, Less Liabilities includes an equal and offsetting liability of $14,659,426 to repay collateral amounts upon the return of loaned securities.

Country Concentration of Portfolio


	Percentage
Country	of Net Assets			Value
United States		60.3	%	$	31,257,266
Japan		8.3			4,307,017
Canada		5.4			2,787,479
United Kingdom		4.7			2,442,191
Switzerland		3.7			1,909,654
Singapore		2.0			1,017,220
France		1.7			892,880
Germany		1.7			869,293
Netherlands		1.4			739,445
Spain		1.3			693,196
Bermuda		1.3			672,728
Hong Kong		0.5			247,382
Australia		0.5			244,026
South Africa		0.4			189,439
Poland		0.3			176,190
Czech Republic		0.3			153,504
South Korea		0.3			134,966
Austria		0.2			133,388
Israel		0.2			130,760
Brazil		0.2			117,097
Belgium		0.2			114,384

Long-Term Investments		94.9	%	$	49,229,505
Short-Term Investments					16,228,653

Total Investments				$	65,458,158

The Portfolio did not have any open financial instruments at May 31, 2009.

The cost and unrealized appreciation (depreciation) of investments of the Portfolio at May 31, 2009, as determined on a federal income tax basis, were as follows:


Aggregate cost	$	62,743,583

Gross unrealized appreciation	$	7,605,807
Gross unrealized depreciation		(4,891,232	)

Net unrealized appreciation	$	2,714,575


	•	Level 1 — quoted prices in active markets for identical investments

	•	Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

	•	Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At May 31, 2009, the inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:


		Investments in
	Valuation Inputs	Securities
Level 1	Quoted Prices	$	53,210,134
Level 2	Other Significant Observable Inputs		12,248,024
Level 3	Significant Unobservable Inputs		—

Total		$	65,458,158

The Portfolio held no investments or other financial instruments as of August 31, 2008 whose fair value was determined using Level 3 inputs.

Eaton Vance Multi-Cap Growth Fund as of May 31, 2009 (Unaudited)

Eaton Vance Multi-Cap Growth Fund (the Fund), a series of Eaton Vance Growth Trust, invests substantially all of its assets in Multi-Cap Growth Portfolio (the Portfolio) and owns a pro rata interest in the Portfolio’s net assets. At May 31, 2009, the value of the Fund’s investment in the Portfolio was $154,125,534 and the Fund owned 98.6% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.


Multi-Cap Growth Portfolio	as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 94.7%


Security	Shares		Value
Auto Components — 1.0%
Goodyear Tire & Rubber Co. (The)⁽¹⁾⁽²⁾		134,000	$	1,534,300

			$	1,534,300

Automobiles — 1.9%
Harley-Davidson, Inc.⁽²⁾		174,000	$	2,952,780

			$	2,952,780

Biotechnology — 1.0%
Biogen Idec, Inc.⁽¹⁾⁽²⁾		9,830	$	509,095
Genzyme Corp.⁽¹⁾		19,191		1,134,956

			$	1,644,051

Building Products — 1.6%
Owens Corning⁽¹⁾⁽²⁾		155,000	$	2,159,150
USG Corp.⁽¹⁾⁽²⁾		30,000		360,000

			$	2,519,150

Capital Markets — 1.2%
Aberdeen Asset Management PLC		110,825	$	233,592
Affiliated Managers Group, Inc.⁽¹⁾⁽²⁾		29,680		1,665,345

			$	1,898,937

Chemicals — 1.9%
Celanese Corp.⁽²⁾		92,000	$	1,886,920
CF Industries Holdings, Inc.		14,000		1,086,960

			$	2,973,880

Commercial Banks — 3.2%
First Horizon National Corp.⁽¹⁾⁽²⁾		102	$	1,238
SVB Financial Group⁽¹⁾⁽²⁾		16,628		448,125
Wells Fargo & Co.⁽²⁾		177,000		4,513,500

			$	4,962,863

Commercial Services & Supplies — 1.9%
Copart, Inc.⁽¹⁾⁽²⁾		42,000	$	1,288,980
RR Donnelley & Sons Co.⁽²⁾		125,000		1,685,000

			$	2,973,980

Communications Equipment — 3.2%
Brocade Communications Systems, Inc.⁽¹⁾⁽²⁾		518,000	$	3,802,120
Research In Motion, Ltd.⁽¹⁾⁽²⁾		15,600		1,226,784

			$	5,028,904

Construction & Engineering — 1.4%
Granite Construction, Inc.⁽²⁾		58,000	$	2,119,900
Perini Corp.⁽¹⁾⁽²⁾		4,223		87,205

			$	2,207,105


Security	Shares		Value
Consumer Finance — 3.3%
Discover Financial Services⁽²⁾		341,000	$	3,259,960
SLM Corp.⁽¹⁾⁽²⁾		283,531		1,874,140

			$	5,134,100

Diversified Consumer Services — 1.2%
Corinthian Colleges, Inc.⁽¹⁾⁽²⁾		126,000	$	1,937,880

			$	1,937,880

Diversified Financial Services — 1.8%
JPMorgan Chase & Co.⁽²⁾		77,000	$	2,841,300

			$	2,841,300

Electrical Equipment — 4.0%
First Solar, Inc.⁽¹⁾⁽²⁾		8,300	$	1,577,000
GrafTech International, Ltd.⁽¹⁾⁽²⁾		311,000		3,162,870
JA Solar Holdings Co., Ltd. ADR⁽¹⁾		352,000		1,488,960

			$	6,228,830

Electronic Equipment, Instruments & Components — 0.1%
Itron, Inc.⁽¹⁾⁽²⁾		4,000	$	233,360

			$	233,360

Energy Equipment & Services — 4.9%
Complete Production Services, Inc.⁽¹⁾⁽²⁾		225,000	$	1,593,000
Nabors Industries, Ltd.⁽¹⁾⁽²⁾		60,000		1,072,800
Patterson-UTI Energy, Inc.⁽²⁾		75,000		1,075,500
Pride International, Inc.⁽¹⁾⁽²⁾		98,559		2,387,099
Transocean, Ltd.⁽¹⁾⁽²⁾		20,000		1,589,600

			$	7,717,999

Health Care Equipment & Supplies — 0.5%
Cooper Cos., Inc. (The)⁽²⁾		166	$	4,401
Masimo Corp.⁽¹⁾⁽²⁾		34,000		813,960

			$	818,361

Health Care Providers & Services — 1.0%
Express Scripts, Inc.⁽¹⁾		15,000	$	960,750
Health Management Associates, Inc.⁽¹⁾⁽²⁾		100,000		581,000

			$	1,541,750

Hotels, Restaurants & Leisure — 2.2%
Scientific Games Corp., Class A⁽¹⁾⁽²⁾		193,000	$	3,441,190

			$	3,441,190

Household Durables — 2.3%
Mohawk Industries, Inc.⁽¹⁾⁽²⁾		18,500	$	707,995
Tempur-Pedic International, Inc.		136,000		1,500,080
Whirlpool Corp.⁽²⁾		31,600		1,331,624

			$	3,539,699


Security	Shares		Value
Insurance — 4.1%
Allied World Assurance Holdings, Ltd.⁽²⁾		72,000	$	2,718,000
Fairfax Financial Holdings, Ltd.		3,300		858,000
Fidelity National Financial, Inc., Class A		96,100		1,339,634
MetLife, Inc.⁽²⁾		49,000		1,543,500

			$	6,459,134

Internet & Catalog Retail — 2.0%
Priceline.com, Inc.⁽¹⁾⁽²⁾		28,415	$	3,128,776

			$	3,128,776

Internet Software & Services — 3.0%
Akamai Technologies, Inc.⁽¹⁾⁽²⁾		78,000	$	1,736,280
Equinix, Inc.⁽¹⁾⁽²⁾		39,600		2,946,240

			$	4,682,520

IT Services — 2.5%
Euronet Worldwide, Inc.⁽¹⁾		74,000	$	1,181,040
MasterCard, Inc., Class A⁽²⁾		13,700		2,415,721
Wright Express Corp.⁽¹⁾		11,000		273,570

			$	3,870,331

Media — 2.9%
Arbitron, Inc.⁽²⁾		34,120	$	679,329
Liberty Entertainment, Series A⁽¹⁾		157,000		3,793,120

			$	4,472,449

Metals & Mining — 1.8%
Gammon Gold, Inc.⁽¹⁾⁽²⁾		334,000	$	2,752,160

			$	2,752,160

Multiline Retail — 1.0%
Big Lots, Inc.⁽¹⁾⁽²⁾		67,000	$	1,541,670

			$	1,541,670

Oil, Gas & Consumable Fuels — 11.4%
Brigham Exploration Co.⁽¹⁾⁽²⁾		432,509	$	1,461,880
Chesapeake Energy Corp.⁽²⁾		74,000		1,676,840
Enbridge Energy Management, LLC⁽¹⁾⁽²⁾		15,935		610,311
Enbridge Energy Partners, LP⁽²⁾		27,500		1,109,625
Goodrich Petroleum Corp.⁽¹⁾⁽²⁾		29,612		791,233
Hess Corp.		14,000		932,260
Newfield Exploration Co.⁽¹⁾⁽²⁾		50,000		1,806,000
Paladin Energy, Ltd.⁽¹⁾		940,000		3,848,683
Petrohawk Energy Corp.⁽¹⁾⁽²⁾		97,500		2,457,000
Plains Exploration & Production Co.⁽¹⁾⁽²⁾		34,000		961,520
Walter Industries, Inc.⁽²⁾		65,000		2,121,600

			$	17,776,952


Security	Shares		Value
Pharmaceuticals — 0.3%
Perrigo Co.⁽²⁾		16,800	$	451,248

			$	451,248

Professional Services — 0.9%
Equifax, Inc.		50,000	$	1,361,000

			$	1,361,000

Real Estate Investment Trusts (REITs) — 2.8%
Annaly Capital Management, Inc.⁽²⁾		85,084	$	1,186,071
Chimera Investment Corp.⁽²⁾		184,668		644,491
Host Hotels & Resorts, Inc.⁽²⁾		269,000		2,523,220

			$	4,353,782

Road & Rail — 0.5%
Kansas City Southern⁽¹⁾⁽²⁾		48,000	$	791,520

			$	791,520

Semiconductors & Semiconductor Equipment — 7.0%
Atheros Communications, Inc.⁽¹⁾⁽²⁾		96,700	$	1,620,692
Nvidia Corp.⁽¹⁾⁽²⁾		264,000		2,753,520
ON Semiconductor Corp.⁽¹⁾⁽²⁾		506,277		3,467,997
Renesola, Ltd. ADR⁽¹⁾⁽²⁾		163,000		691,120
Tessera Technologies, Inc.⁽¹⁾		71,000		1,670,630
Varian Semiconductor Equipment Associates, Inc.⁽¹⁾⁽²⁾		31,000		729,120

			$	10,933,079

Software — 1.7%
Check Point Software Technologies, Ltd.⁽¹⁾⁽²⁾		98,900	$	2,309,315
Rosetta Stone, Inc.⁽¹⁾⁽²⁾		16,756		403,987

			$	2,713,302

Specialty Retail — 5.0%
Advance Auto Parts, Inc.⁽²⁾		82,298	$	3,505,072
Best Buy Co., Inc.⁽²⁾		80,500		2,825,550
Childrens Place Retail Stores, Inc. (The)⁽¹⁾⁽²⁾		14,000		502,740
Gap, Inc. (The)⁽²⁾		45,000		803,250
Hibbett Sports, Inc.⁽¹⁾⁽²⁾		8,025		144,691

			$	7,781,303

Textiles, Apparel & Luxury Goods — 5.0%
Gildan Activewear, Inc.⁽¹⁾		293,800	$	4,833,010
Hanesbrands, Inc.⁽¹⁾⁽²⁾		182,000		3,075,800

			$	7,908,810

Trading Companies & Distributors — 0.6%
WESCO International, Inc.⁽¹⁾⁽²⁾		34,000	$	908,820

			$	908,820


Security	Shares		Value
Wireless Telecommunication Services — 2.6%
Crown Castle International Corp.⁽¹⁾⁽²⁾		166,000	$	4,027,160

			$	4,027,160


Total Common Stocks (identified cost $113,741,345)			$	148,044,435

Investment Funds — 0.0%


Security	Shares		Value
Capital Markets — 0.0%
iShares Russell 2000 Index Fund⁽²⁾		100	$	5,027
MidCap SPDR Trust, Series 1		100		10,461
SPDR Trust, Series 1⁽²⁾		100		9,241


Total Investment Funds (identified cost $22,356)			$	24,729

Short-Term Investments — 30.6%


	Interest
Description	(000’s Omitted)		Value
Cash Management Portfolio, 0.03%⁽³⁾	$	3,512	$	3,512,077
Eaton Vance Cash Collateral Fund, LLC, 0.38%⁽³⁾⁽⁴⁾		44,267		44,266,697


Total Short-Term Investments (identified cost $47,817,712)			$	47,778,774


Total Investments — 125.3% (identified cost $161,581,413)			$	195,847,938


Other Assets, Less Liabilities — (25.3)%			$	(39,545,231	)


Net Assets — 100.0%			$	156,302,707



ADR	-	American Depository Receipt

(1)		Non-income producing security.

(2)		All or a portion of this security was on loan at May 31, 2009.

(3)		Affiliated investment company available to Eaton Vance portfolios and funds which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of May 31, 2009. At May 31, 2009, Eaton Vance Cash Collateral Fund, LLC valued its investments based on amortized cost. For the fiscal year to date ended May 31, 2009, the total of securities lending income earned (excluding loan rebate fees) and interest income allocated from the investment in Eaton Vance Cash Collateral Fund, LLC was $591,374, and net income allocated from the investment in Cash Management Portfolio was $45,952.

(4)		The amount invested in Eaton Vance Cash Collateral Fund, LLC represents cash collateral received for securities on loan at May 31, 2009. At May 31, 2009, the Portfolio loaned securities having a market value of $44,131,583 and received $44,266,697 of cash collateral for the loans. Other Assets, Less Liabilities includes an equal and offsetting liability of $44,266,697 to repay collateral amounts upon the return of loaned securities.

The Portfolio did not have any open financial instruments at May 31, 2009.

The cost and unrealized appreciation (depreciation) of investments of the Portfolio at May 31, 2009, as determined on a federal income tax basis, were as follows:


Aggregate cost	$	163,841,563

Gross unrealized appreciation	$	33,810,411
Gross unrealized depreciation		(1,804,036	)

Net unrealized appreciation	$	32,006,375


	•	Level 1 — quoted prices in active markets for identical investments

	•	Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

	•	Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At May 31, 2009, the inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:


		Investments in
	Valuation Inputs	Securities
Level 1	Quoted Prices	$	195,614,346
Level 2	Other Significant Observable Inputs		233,592
Level 3	Significant Unobservable Inputs		—

Total		$	195,847,938

The Portfolio held no investments or other financial instruments as of August 31, 2008 whose fair value was determined using Level 3 inputs.

Eaton Vance Worldwide Health Sciences Fund as of May 31, 2009 (Unaudited)

Eaton Vance Worldwide Health Sciences Fund (the Fund), a series of Eaton Vance Growth Trust, invests substantially all of its assets in Worldwide Health Sciences Portfolio (the Portfolio) and owns a pro rata interest in the Portfolio’s net assets. At May 31, 2009, the value of the Fund’s investment in the Portfolio was $1,107,148,491 and the Fund owned 99.9% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.


Worldwide Health Sciences Portfolio	as of May 31, 2009

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 96.52%


					Percentage of
Security	Shares		Value		Net Assets
Major Capitalization - Europe — 12.66%⁽¹⁾
Merck KGaA Co.		368,000	$	35,392,518		3.20	%
Novartis AG		846,000		33,853,683		3.06	%
Roche Holding AG		264,000		36,148,064		3.26	%
Shire PLC ADR		832,600		34,719,420		3.14	%

			$	140,113,685		12.66	%

Major Capitalization - Far East — 4.45%⁽¹⁾
Shionogi & Co., Ltd.		2,502,600	$	49,321,670		4.45	%

			$	49,321,670		4.45	%

Major Capitalization - North America — 40.12%⁽¹⁾
Abbott Laboratories		745,000	$	33,569,700		3.03	%
Allergan, Inc.		465,000		20,520,450		1.85	%
Amgen, Inc.⁽²⁾		692,000		34,558,480		3.12	%
Baxter International, Inc.		653,000		33,427,070		3.02	%
Biogen Idec, Inc.⁽²⁾		1,000,000		51,790,000		4.68	%
Bristol-Myers Squibb Co.		2,200,000		43,824,000		3.96	%
Covidien, Ltd.		1,000,000		35,720,000		3.23	%
Genzyme Corp.⁽²⁾		750,000		44,355,000		4.01	%
Gilead Sciences, Inc.⁽²⁾		1,000,000		43,100,000		3.89	%
Johnson & Johnson		605,000		33,371,800		3.02	%
Thermo Fisher Scientific, Inc.⁽²⁾		586,000		22,801,260		2.06	%
Wyeth Corp.		1,050,000		47,103,000		4.25	%

			$	444,140,760		40.12	%

Small & Mid Capitalization - Europe — 3.55%⁽¹⁾
Elan Corp. PLC ADR⁽²⁾		3,800,000	$	26,524,000		2.40	%
Nobel Biocare Holding AG		550,000		12,728,326		1.15	%

			$	39,252,326		3.55	%

Small & Mid Capitalization - Far East — 5.13%⁽¹⁾
Nichi-Iko Pharmaceutical Co., Ltd.		672,400	$	19,882,967		1.80	%
Sawai Pharmaceutical Co., Ltd.		347,800		18,411,219		1.66	%
Towa Pharmaceutical Co., Ltd.		416,900		18,499,276		1.67	%

			$	56,793,462		5.13	%

Small & Mid Capitalization - North America — 30.61%⁽¹⁾
Alexion Pharmaceuticals, Inc.⁽²⁾		729,000	$	26,608,500		2.40	%
Align Technology, Inc.⁽²⁾		2,020,000		23,896,600		2.16	%
Allos Therapeutics, Inc.⁽²⁾		1,692,900		12,324,312		1.11	%
BioMarin Pharmaceutical, Inc.⁽²⁾		1,302,000		18,201,960		1.64	%
Cubist Pharmaceuticals, Inc.⁽²⁾		1,135,000		19,363,100		1.75	%
Dendreon Corp.⁽²⁾		580,000		13,148,600		1.19	%
Exelixis, Inc.⁽²⁾		291,200		1,616,160		0.15	%
Genomic Health, Inc.⁽²⁾		663,100		12,864,140		1.16	%
Gen-Probe, Inc.⁽²⁾		602,300		25,676,049		2.32	%
InterMune, Inc.⁽²⁾		989,900		11,700,618		1.06	%
Masimo Corp.⁽²⁾		1,200,000		28,728,000		2.59	%
Mylan, Inc.⁽²⁾		1,350,000		17,833,500		1.61	%
NPS Pharmaceuticals, Inc.⁽²⁾		3,230,000		10,723,600		0.97	%
Onyx Pharmaceuticals, Inc.⁽²⁾		860,000		20,347,600		1.84	%
OSI Pharmaceuticals, Inc.⁽²⁾		795,000		26,871,000		2.43	%
Par Pharmaceutical Cos., Inc.⁽²⁾		800,000		10,680,000		0.96	%


					Percentage of
Security	Shares		Value		Net Assets
United Therapeutics Corp.⁽²⁾		300,000	$	24,045,000		2.17	%
Vertex Pharmaceuticals, Inc.⁽²⁾		1,150,000		34,281,500		3.10	%

			$	338,910,239		30.61	%


Total Common Stocks (identified cost $1,129,142,013)			$	1,068,532,142

Convertible Preferred Stocks — 1.54%


					Percentage of
Security	Shares		Value		Net Assets
Small & Mid Capitalization - North America — 1.54%⁽¹⁾
Mylan, Inc., 6.50%		20,000	$	17,100,000		1.54	%

			$	17,100,000		1.54	%


Total Convertible Preferred Stocks (identified cost $16,575,000)			$	17,100,000

Call Options — 0.00%


	Number of		Strike		Expiration				Percentage of
Description	Contracts		Price		Date		Value		Net Assets
Small & Mid Capitalization - North America — 0.00%⁽¹⁾
Orchid Cellmark, Inc.⁽²⁾⁽³⁾		1,600	$	21.7		7/24/2011	$	0		0.00	%
Orchid Cellmark, Inc.⁽²⁾⁽³⁾		649		23.5		7/24/2011		0		0.00	%
Orchid Cellmark, Inc.⁽²⁾⁽³⁾		649		8.05		9/29/2011		13		0.00	%

							$	13		0.00	%


Total Call Options (identified cost $0)							$	13

Short-Term Investments — 0.90%


	Interest				Percentage of
Description	(000’s omitted)		Value		Net Assets
Cash Management Portfolio, 0.03%⁽⁴⁾	$	10,019	$	10,019,060		0.90	%


Total Short-Term Investments (identified cost $10,019,060)			$	10,019,060


Total Investments (identified cost $1,155,736,073)			$	1,095,651,215		98.96	%


Other Assets, Less Liabilities			$	11,505,307		1.04	%


Net Assets			$	1,107,156,522		100.00	%



ADR	-	American Depository Receipt

(1)		Major Capitalization is defined as market value of $5 billion or more. Small & Mid Capitalization is defined as market value less than $5 billion.

(2)		Non-income producing security.

(3)		Security valued at fair value using methods determined in good faith by or at the direction of the Trustees.

(4)		Affiliated investment company available to Eaton Vance portfolios and funds which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of May 31, 2009. Net income allocated from the investment in Cash Management Portfolio for the fiscal year to date ended May 31, 2009 was $207,498.

The Portfolio did not have any open financial instruments at May 31, 2009.

The cost and unrealized appreciation (depreciation) of investments of the Portfolio at May 31, 2009, as determined on a federal income tax basis, were as follows:


Aggregate cost	$	1,155,655,248

Gross unrealized appreciation	$	126,234,282
Gross unrealized depreciation		(186,238,315	)

Net unrealized depreciation	$	(60,004,033	)


	•	Level 1 — quoted prices in active markets for identical investments

	•	Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

	•	Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At May 31, 2009, the inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:


		Investments in
	Valuation Inputs	Securities
Level 1	Quoted Prices	$	854,313,479
Level 2	Other Significant Observable Inputs		241,337,723
Level 3	Significant Unobservable Inputs		13

Total		$	1,095,651,215

The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:


	Investments in
	Securities
Balance as of August 31, 2008	$	269
Realized gains (losses)		—
Change in net unrealized appreciation (depreciation)		(256	)
Net purchases (sales)		—
Net transfers to (from) Level 3		—

Balance as of May 31, 2009	$	13


Change in net unrealized appreciation (depreciation) on investments still held as of May 31, 2009	$	(256	)

Item 2. Controls and Procedures

(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant on this Form N-Q has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant on this Form N-Q has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b) There have been no changes in the registrant’s internal controls over financial reporting during the fiscal quarter for which the report is being filed that have materially affected, or are reasonably likely to materially affect the registrant’s internal control over financial reporting.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Eaton Vance Growth Trust


By:		/s/ Thomas E. Faust Jr.

		Thomas E. Faust Jr.
		President

Date:		July 24, 2009

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By:		/s/ Thomas E. Faust Jr.

		Thomas E. Faust Jr.
		President

Date:		July 24, 2009


By:		/s/ Barbara E. Campbell

		Barbara E. Campbell
		Treasurer

Date:		July 24, 2009

EX-99.CERT 2 b76286a1exv99wcert.htm EX-99.CERT SECTION 302 CERTIFICATION EX-99.CERT Section 302 Certification

Eaton Vance Growth Trust

Certification
Pursuant to Rule 302 of the Sarbanes-Oxley Act of 2003

I, Thomas E. Faust Jr., certify that:

1. I have reviewed this report on Form N-Q of Eaton Vance Growth Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is being filed;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officers and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


By:		/s/ Thomas E. Faust Jr.

		Thomas E. Faust Jr.
		President

Date:		July 24, 2009

Eaton Vance Growth Trust

Certification
Pursuant to Rule 302 of the Sarbanes-Oxley Act of 2003

I, Barbara E. Campbell, certify that:

1. I have reviewed this report on Form N-Q of Eaton Vance Growth Trust;

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


By:		/s/ Barbara E. Campbell

		Barbara E. Campbell
		Treasurer

Date:		July 24, 2009

-----END PRIVACY-ENHANCED MESSAGE-----

American Depository Receipt

Non-income producing security.