Eaton Vance Enhanced Equity Income Fund II

Regulatory Filings • Nov 29, 2005

N-Q 1 a05-19456_1nq.htm QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number	811-21670
Eaton Vance Enhanced Equity Income Fund II
(Exact Name of
Registrant as Specified in Charter)
The
Eaton Vance Building, 255 State Street, Boston, Massachusetts	02109
(Address of
Principal Executive Offices)	(Zip code)
Alan R. Dynner, Esq. Eaton Vance Management, 255 State Street, Boston, Massachusetts 02109
(Name and Address
of Agent for Services)
Registrant’s
Telephone Number, Including Area Code:	(617) 482-8260
Date of Fiscal
Year End:	December 31
Date of Reporting
Period:	September 30, 2005

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Item 1. Schedule of Investments

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Eaton Vance Enhanced Equity Income Fund II as of September 30, 2005

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 104.0%

Security	Shares	Value
Advertising —
0.9%
Lamar Advertising
Co. (1)	188,700	$ 8,559,432
		$ 8,559,432
Aerospace &
Defense — 2.9%
General Dynamics Corp.	51,700	6,180,735
L-3 Communications
Holdings, Inc.	136,000	10,753,520
United Technologies
Corp.	184,000	9,538,560
		$ 26,472,815
Air
Freight & Logistics — 1.3%
FedEx Corp.	135,000	11,762,550
		$ 11,762,550
Apparel &
Footwear — 3.2%
Liz Claiborne, Inc.	243,400	9,570,488
Nike, Inc.,
Class B	94,000	7,677,920
Polo Ralph Lauren Corp.	74,300	3,737,290
Reebok International
Ltd.	139,500	7,891,515
		$ 28,877,213
Asset
Management — 0.7%
Legg Mason, Inc.	61,500	6,745,935
		$ 6,745,935
Auto
and Parts — 1.4%
BorgWarner, Inc.	227,400	12,839,004
		$ 12,839,004
Beverages —
2.6%
Anheuser-Busch
Cos., Inc.	164,200	7,067,168
Constellation
Brands, Inc., Class A (1)	313,900	8,161,400
PepsiCo, Inc.	149,800	8,495,158
		$ 23,723,726
Biotechnology —
3.4%
Amgen, Inc. (1)	95,900	7,640,353
Amylin
Pharmaceuticals, Inc. (1)	142,200	4,947,138
Chiron Corp. (1)	202,800	8,846,136
Genzyme Corp. (1)	135,200	9,685,728
		$ 31,119,355
Business
Services — 5.8%
CheckFree Corp. (1)	184,500	6,977,790
Cintas Corp.	208,600	8,563,030
First American Corp.	259,600	11,855,932

1

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Manpower, Inc.	144,600	$
Paychex, Inc.	513,500	19,040,580
		$ 52,856,126
Communications
Equipment — 4.4%
Cisco Systems, Inc. (1)	451,700	8,098,981
Corning, Inc. (1)	414,000	8,002,620
Harris Corp.	241,000	10,073,800
QUALCOMM, Inc.	188,000	8,413,000
Scientific-Atlanta, Inc.	150,000	5,626,500
		$ 40,214,901
Computers &
Peripherals — 3.9%
Dell, Inc. (1)	156,200	5,342,040
Hewlett-Packard Co.	147,000	4,292,400
International Business
Machines Corp.	115,112	9,234,285
NCR Corp. (1)	248,000	7,913,680
Palm, Inc. (1)	132,517	3,754,206
SanDisk Corp. (1)	113,000	5,452,250
		$ 35,988,861
Consumer
Finance — 0.7%
American Express Co.	106,500	6,117,360
		$ 6,117,360
Consumer
Products — 0.6%
Brunswick Corp.	141,500	5,338,795
		$ 5,338,795
Consumer
Services — 4.0%
Alliance Data Systems
Corp. (1)	118,600	4,643,190
Cendant Corp.	351,800	7,261,152
ServiceMaster Co.	567,000	7,677,180
Weight Watchers
International, Inc. (1)	323,900	16,706,762
		$ 36,288,284
Distribution/Wholesale —
1.3%
CDW Corp.	204,300	12,037,356
		$ 12,037,356
Diverse
Financial Services — 0.7%
Citigroup, Inc.	136,500	6,213,480
		$ 6,213,480
Electrical
Equipment — 1.5%
Emerson Electric Co.	187,900	13,491,220
		$ 13,491,220

2

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| Electronic
Manufacturing Services — 1.5% — Flextronics
International, Ltd. (1) | 670,300 | $ 8,613,355 |
| --- | --- | --- |
| Jabil
Circuit, Inc. (1) | 161,000 | 4,978,120 |
| | | $ 13,591,475 |
| Food
Products — 1.2% | | |
| Smithfield
Foods, Inc. (1) | 360,000 | 10,684,800 |
| | | $ 10,684,800 |
| Health
Services — 5.4% | | |
| Community Health
Systems, Inc. (1) | 203,800 | 7,909,478 |
| DaVita, Inc. (1) | 248,000 | 11,425,360 |
| Henry
Schein, Inc. (1) | 207,200 | 8,830,864 |
| Laboratory Corporation
of America Holdings (1) | 192,500 | 9,376,675 |
| LifePoint
Hospitals, Inc. (1) | 149,500 | 6,537,635 |
| Medco Health
Solutions, Inc. (1) | 88,000 | 4,825,040 |
| | | $ 48,905,052 |
| Healthcare
Equipment & Supplies — 5.1% | | |
| Beckman
Coulter, Inc. | 114,300 | 6,169,914 |
| DENTSPLY
International, Inc. | 144,300 | 7,795,086 |
| Edwards Lifesciences
Corp. (1) | 202,400 | 8,988,584 |
| Fisher Scientific
International, Inc. (1) | 154,900 | 9,611,545 |
| Medtronic, Inc. | 207,400 | 11,120,788 |
| Stryker Corp. | 55,500 | 2,743,365 |
| | | $ 46,429,282 |
| Hotel/Resort/Cruise —
1.0% | | |
| Carnival Corp. | 190,500 | 9,521,190 |
| | | $ 9,521,190 |
| Industrial
Conglomerates — 0.7% | | |
| Tyco International, Ltd. | 227,100 | 6,324,735 |
| | | $ 6,324,735 |
| Industrial
Machinery — 2.6% | | |
| Danaher Corp. | 129,300 | 6,960,219 |
| Parker-Hannifin Corp. | 156,800 | 10,083,808 |
| Timken Co. | 231,000 | 6,844,530 |
| | | $ 23,888,557 |
| Internet
Services — 1.0% | | |
| Google, Inc.,
Class A (1) | 27,500 | 8,702,650 |
| | | $ 8,702,650 |
| Investment
Banking & Brokerage — 0.9% | | |
| Goldman Sachs
Group, Inc. | 17,000 | 2,066,860 |
| Merrill Lynch &
Co., Inc. | 99,900 | 6,128,865 |
| | | $ 8,195,725 |

3

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| IT
Consulting — 0.7% — Accenture Ltd.,
Class A (1) | 244,500 | $ 6,224,970 |
| --- | --- | --- |
| | | $ 6,224,970 |
| Lodging
and Casinos — 1.0% | | |
| Harrah’s
Entertainment, Inc. | 143,000 | 9,322,170 |
| | | $ 9,322,170 |
| Media —
1.2% | | |
| Time Warner, Inc. | 580,600 | 10,514,666 |
| | | $ 10,514,666 |
| Metals-Industrial —
3.7% | | |
| Alcoa, Inc. | 139,700 | 3,411,473 |
| Inco Ltd. | 370,400 | 17,538,440 |
| Phelps Dodge Corp. | 98,600 | 12,811,098 |
| | | $ 33,761,011 |
| Oil and
Gas-Equipment and Services — 3.7% | | |
| Halliburton Co. | 244,900 | 16,780,548 |
| Rowan Cos., Inc. | 186,600 | 6,622,434 |
| Williams Co., Inc. | 404,500 | 10,132,725 |
| | | $ 33,535,707 |
| Oil and
Gas-Exploration and Production — 1.8% | | |
| Chesapeake Energy Corp. | 194,500 | 7,439,625 |
| Newfield Exploration
Co. (1) | 181,800 | 8,926,380 |
| | | $ 16,366,005 |
| Personal
Products — 2.0% | | |
| Alberto-Culver Co. | 240,000 | 10,740,000 |
| Colgate-Palmolive Co. | 146,400 | 7,728,456 |
| | | $ 18,468,456 |
| Pharmaceuticals —
6.6% | | |
| Allergan, Inc. | 53,500 | 4,901,670 |
| Endo Pharmaceuticals
Holdings, Inc. (1) | 325,100 | 8,670,417 |
| Johnson &
Johnson | 185,800 | 11,757,424 |
| Mylan
Laboratories, Inc. | 333,500 | 6,423,210 |
| Sepracor, Inc. (1) | 182,000 | 10,736,180 |
| Teva Pharmaceutical
Industries Ltd. ADR | 290,300 | 9,701,826 |
| Wyeth Corp. | 181,800 | 8,411,886 |
| | | $ 60,602,613 |
| Publishing —
1.0% | | |
| Getty
Images, Inc. (1) | 101,500 | 8,733,060 |
| | | $ 8,733,060 |

4

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| Regional
Banks — 0.9% — Commerce
Bancorp, Inc. | 274,400 | $ 8,421,336 |
| --- | --- | --- |
| | | $ 8,421,336 |
| Retail-Department
Stores — 1.1% | | |
| Federated Department
Stores, Inc. | 145,000 | 9,696,150 |
| | | $ 9,696,150 |
| Retail-Food
and Drug — 1.9% | | |
| Safeway, Inc. | 338,000 | 8,652,800 |
| SUPERVALU, Inc. | 264,500 | 8,231,240 |
| | | $ 16,884,040 |
| Retail-General
Merchandise — 2.2% | | |
| BJ’s Wholesale
Club, Inc. (1) | 365,200 | 10,152,560 |
| Dollar General Corp. | 540,000 | 9,903,600 |
| | | $ 20,056,160 |
| Retail-Specialty —
1.9% | | |
| Best Buy Co., Inc. | 204,400 | 8,897,532 |
| PETsMART, Inc. | 392,000 | 8,537,760 |
| | | $ 17,435,292 |
| Semiconductors &
Semiconductor Equipment — 7.9% | | |
| Broadcom Corp.,
Class A (1) | 197,900 | 9,283,489 |
| Intel Corp. | 482,000 | 11,881,300 |
| International Rectifier
Corp. (1) | 258,100 | 11,635,148 |
| Intersil Corp.,
Class A | 225,800 | 4,917,924 |
| Linear Technology Corp. | 203,100 | 7,634,529 |
| Maxim Integrated
Products, Inc. | 69,600 | 2,968,440 |
| Microchip
Technology, Inc. | 278,800 | 8,397,456 |
| Sigmatel, Inc. (1) | 420,000 | 8,500,800 |
| Veeco
Instruments, Inc. (1) | 442,000 | 7,089,680 |
| | | $ 72,308,766 |
| Software —
2.0% | | |
| Oracle Corp. (1) | 850,161 | 10,533,495 |
| Symantec Corp. (1) | 350,300 | 7,937,798 |
| | | $ 18,471,293 |
| Telecommunications
Services — 2.3% | | |
| CenturyTel, Inc. | 424,800 | 14,859,504 |
| Citizens Communications
Co. | 444,200 | 6,018,910 |
| | | $ 20,878,414 |
| Thrifts &
Mortgage — 1.9% | | |
| MGIC Investment Corp. | 201,000 | 12,904,200 |
| PMI Group, Inc. | 106,500 | 4,246,155 |
| | | $ 17,150,355 |

5

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| Transportation — 1.5% — Expeditors International
of Washington, Inc. | 128,400 | $ 7,290,552 |
| --- | --- | --- |
| Swift Transportation
Co., Inc. (1) | 384,200 | 6,800,340 |
| | | $ 14,090,892 |
| Total
Common Stocks (identified cost $914,667,428) | | $ 947,811,235 |

Commercial Paper — 2.7%

	Principal
	Amount
Security	(000’s omitted)	Value
UBS Finance LLC,
Commercial Paper, 3.86%, 10/3/05	$ 24,680	$ 24,674,708
Total Commercial Paper (at amortized cost, $24,674,708)		$ 24,674,708

Short-Term Investments — 0.4%

	Principal
	Amount
Security	(000’s omitted)	Value
Investors Bank and Trust
Company Time Deposit, 3.90%, 10/3/05	$ 3,074	$ 3,074,000
Total
Short-Term Investments (at amortized cost, $3,074,000)		$ 3,074,000
Total Investments — 107.1% (identified cost $942,416,136)		$ 975,559,943

Call Options Written — (6.1)%

Type of Contract	Number of — Contracts	Premium — Received	Value
Alberto-Culver Co., Expires 12/17/05, Strike 45.00	1,135	$ 291,600	$ (175,925	)
Alcoa, Inc., Expires 10/22/05, Strike 27.50	565	91,479	(2,825	)
Allergan, Inc., Expires 1/21/06, Strike 85.00	535	308,639	(492,200	)
American Express Co., Expires 10/22/05, Strike 55.00	1,065	241,667	(282,225	)
Amgen, Inc., Expires 1/21/06, Strike 70.00	959	342,270	(1,083,670	)
Amylin Pharmaceuticals, Inc., Expires 1/21/06, Strike 35.00	1,422	299,428	(497,700	)
Anheuser-Busch Co., Expires 12/17/2005, Strike 50.00	280	32,032	(2,800	)
Best Buy Co., Inc., Expires 12/17/05, Strike 42.50	2,044	729,538	(715,400	)
BorgWarner, Inc., Expires 10/22/05, Strike 55.00	2,274	879,857	(488,910	)
Broadcom Corp., Expires 1/21/06, Strike 45.00	1,979	552,964	(949,920	)
Brunswick Corp., Expires 12/17/05, Strike 45.00	1,415	206,067	(14,150	)
Carnival Corp., Expires 10/22/05, Strike 50.00	275	65,147	(31,625	)
CDW Corp., Expires 10/22/05, Strike 55.00	525	166,375	(220,500	)
Cendant Corp., Expires 1/21/06, Strike 20.00	1,825	199,694	(301,125	)

6

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| Centurytel, Inc.,
Expires 1/21/06, Strike 35.00 | 3,868 | $ | $ | ) |
| --- | --- | --- | --- | --- |
| Centurytel, Inc., Expires 10/22/05, Strike 30.00 | 380 | 93,821 | (182,400 | ) |
| Chesapeake Energy Corp., Expires 10/22/05, Strike 25.00 | 1,945 | 370,388 | (2,567,400 | ) |
| Chiron Corp., Expires 10/22/05, Strike 37.50 | 1,461 | 506,841 | (832,770 | ) |
| Cisco Systems, Inc., Expires 10/22/05, Strike 17.50 | 1,525 | 376,548 | (83,875 | ) |
| Colgate-Palmolive Co., Expires 1/21/06, Strike 55.00 | 1,464 | 167,513 | (161,040 | ) |
| Commerce
Bancorp, Inc., Expires 12/17/05, Strike 30.00 | 2,743 | 636,349 | (521,170 | ) |
| Community Health
Systems, Inc., Expires 12/17/05, Strike 35.00 | 2,038 | 511,925 | (835,580 | ) |
| Constellation
Brands, Inc., Expires 1/21/06, Strike 30.00 | 3,139 | 261,924 | (125,560 | ) |
| Corning, Inc.,
Expires 11/19/05, Strike 12.50 | 4,140 | 774,184 | (2,815,200 | ) |
| Danaher Corp. Dec 05
Call Exp 12/17/05 Strike 55 | 1,293 | 165,608 | (200,415 | ) |
| DaVita, Inc.,
Expires 10/22/05, Strike 45.00 | 785 | 282,212 | (129,525 | ) |
| Dell, Inc., Expires
1/21/06, Strike 35.00 | 1,562 | 342,074 | (257,730 | ) |
| DENTSPLY
International, Inc., Expires 10/22/05, Strike 55.00 | 765 | 146,810 | (22,950 | ) |
| Dollar General Corp.,
Expires 11/19/05, Strike 20.00 | 1,590 | 193,854 | (15,900 | ) |
| Edwards Lifesciences
Corp., Expires 1/21/06, Strike 45.00 | 2,024 | 357,715 | (344,080 | ) |
| Emerson Electric Co.,
Expires 12/17/05, Strike 70.00 | 1,879 | 416,983 | (620,070 | ) |
| Federated Department
Stores, Inc., Expires 11/19/05, Strike 75.00 | 705 | 315,065 | (42,300 | ) |
| Fedex Corp., Expires
10/22/05, Strike 85.00 | 920 | 264,257 | (253,920 | ) |
| First American Corp., Expires 1/21/06, Strike 40.00 | 1,830 | 566,698 | (1,116,300 | ) |
| Fisher Scientific International, Inc., Expires 12/17/05, Strike
65.00 | 1,549 | 235,820 | (178,135 | ) |
| Flextronics International, Ltd., Expires 1/21/06, Strike 12.50 | 6,703 | 609,288 | (670,300 | ) |
| General Dynamic Corp., Expires 1/21/06, Strike 115.00 | 517 | 225,878 | (392,920 | ) |
| Genzyme Corp., Expires 10/22/05, Strike 60.00 | 1,352 | 644,781 | (1,622,400 | ) |
| Getty Images, Inc., Expires 10/22/05, Strike 75.00 | 1,015 | 618,546 | (1,116,500 | ) |
| Goldman Sachs Group, Inc., Expires 10/22/05, Strike 100.00 | 170 | 114,220 | (363,800 | ) |
| Google, Inc., Expires 1/21/06, Strike 310.00 | 275 | 622,047 | (627,000 | ) |
| Halliburton Co., Expires 10/22/05, Strike 47.50 | 2,449 | 886,353 | (5,387,800 | ) |
| Harrah’s Entertainment, Inc., Expires 11/19/05, Strike 80.00 | 660 | 199,327 | (6,600 | ) |
| Harris Corp., Expires 11/19/05, Strike 35.00 | 1,170 | 306,442 | (842,400 | ) |
| Henry Schein, Inc., Expires 10/22/05, Strike 45.00 | 1,035 | 85,220 | (20,700 | ) |
| Hewlett-Packard Co., Expires 11/19/05, Strike 25.00 | 1,470 | 193,923 | (632,100 | ) |
| Inco, Ltd., Expires 01/21/06, Strike 40.00 | 3,704 | 1,359,135 | (3,111,360 | ) |
| Intel Corp., Expires 10/22/05, Strike 25.00 | 740 | 197,510 | (29,600 | ) |

7

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| International Business
Machines Corp., Expires 10/22/05, Strike 85.00 | 735 | $ | $ | ) |
| --- | --- | --- | --- | --- |
| International Rectifier
Corp., Expires 12/17/05, Strike 50.00 | 2,581 | 586,792 | (271,005 | ) |
| Intersil Corp., Expires
10/22/05, Strike 17.50 | 575 | 140,821 | (17,250 | ) |
| Jabil Circuit, Inc.,
Expires 12/17/05, Strike 30.00 | 1,610 | 289,753 | (307,510 | ) |
| Johnson &
Johnson, Expires 1/21/06, Strike 65.00 | 1,858 | 392,158 | (306,570 | ) |
| L-3 Communications
Holdings, Inc., Expires 10/22/05, Strike 75.00 | 1,360 | 553,400 | (625,600 | ) |
| Laboratory Corporation
of America Holdings, Expires 1/21/06, Strike 50.00 | 1,824 | 314,082 | (273,600 | ) |
| Lamar Advertising Co.,
Expires 10/22/05, Strike 40.00 | 430 | 88,966 | (240,800 | ) |
| Legg Mason, Inc.,
Expires 11/19/05, Strike 110.00 | 615 | 205,086 | (282,900 | ) |
| LifePoint Hospitals, Inc.,
Expires 11/19/05, Strike 50.00 | 1,495 | 144,943 | (22,425 | ) |
| Liz
Claiborne, Inc., Expires 10/22/05, Strike 40.00 | 1,190 | 156,985 | (47,600 | ) |
| Manpower, Inc.,
Expires 12/17/05, Strike 45.00 | 1,446 | 277,514 | (245,820 | ) |
| Medco Health
Solutions, Inc., Expires 10/22/05, Strike 50.00 | 880 | 366,873 | (448,800 | ) |
| Medtronic, Inc.,
Expires 11/19/05, Strike 55.00 | 2,074 | 393,744 | (217,770 | ) |
| Merrill Lynch &
Co., Inc., Expires 1/21/06, Strike 55.00 | 999 | 516,381 | (759,240 | ) |
| MGIC Investment Corp.,
Expires 12/17/05, Strike 65.00 | 1,310 | 257,963 | (340,600 | ) |
| Microship
Technology, Inc., Expires 10/22/05, Strike 30.00 | 655 | 145,349 | (62,225 | ) |
| Mylan
Laboratories, Inc., Expires 1/21/06, Strike 17.50 | 3,335 | 545,929 | (783,725 | ) |
| NCR Corp., Expires 10/22/05, Strike 35.00 | 725 | 99,260 | (7,250 | ) |
| Newfield Exploration Co., Expires 12/17/05, Strike 45.00 | 1,818 | 795,576 | (1,199,880 | ) |
| Nike, Inc., Expires 10/22/05, Strike 90.00 | 635 | 169,485 | (3,175 | ) |
| Oracle Corp., Expires 12/17/05, Strike 13.00 | 4,500 | 527,403 | (135,000 | ) |
| Palm, Inc., Expires 1/21/06, Strike 30.00 | 1,325 | 313,915 | (298,125 | ) |
| Parker-Hannifin Corp., Expires 11/19/05, Strike 65.00 | 1,568 | 293,434 | (297,920 | ) |
| Paychex, Inc., Expires 12/17/05, Strike 35.00 | 5,135 | 432,967 | (1,283,750 | ) |
| PepsiCo, Inc., Expires 10/22/05, Strike 55.00 | 690 | 82,792 | (141,450 | ) |
| PET sMART, Inc., Expires 10/22/05, Strike 30.00 | 1,940 | 498,418 | (9,700 | ) |
| Phelps Dodge Corp., Expires 10/22/05, Strike 95.00 | 635 | 474,777 | (2,254,250 | ) |
| Polo Ralph Lauren Corp., Expires 1/21/06, Strike 50.00 | 743 | 194,596 | (260,050 | ) |
| QUALCOMM, Inc., Expires 10/22/05, Strike 40.00 | 1,880 | 238,611 | (883,600 | ) |
| Reebok International, Ltd., Expires 10/22/05, Strike 42.50 | 1,395 | 351,424 | (1,953,000 | ) |
| Rowan Cos., Inc., Expires 1/21/06, Strike 35.00 | 1,866 | 709,215 | (653,100 | ) |
| Safeway, Inc., Expires 12/17/05, Strike 25.00 | 3,380 | 433,933 | (591,500 | ) |
| SanDisk Corp., Expires 10/22/05, Strike 25.00 | 1,130 | 279,016 | (2,621,600 | ) |
| Sepracor, Inc., Expires 10/22/05, Strike 60.00 | 935 | 595,496 | (144,925 | ) |

8

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ServiceMaster Co. (The), Expires 1/21/06, Strike 12.50	4,670	$	$	)
Sigmatel, Inc., Expires 12/17/05, Strike 17.50	1,035	409,869	(362,250	)
Sigmatel, Inc., Expires 12/17/05, Strike 20.00	3,165	674,645	(727,950	)
Smithfield Foods, Inc., Expires 10/22/05, Strike 30.00	1,600	324,717	(72,000	)
SUPERVALUE, Inc.,
Expires 10/22/05, Strike 30.00	905	299,088	(122,175	)
Swift Transportation
Co., Inc., Expires 10/22/05, Strike 25.00	3,842	449,308	(19,210	)
Symantec Corp., Expires
10/22/05, Strike 22.50	1,788	226,934	(125,160	)
Teva Pharmaceutical
Industries, Ltd., Expires 12/17/05, Strike 35.00	2,903	557,190	(203,210	)
Time Warner, Inc.,
Expires 10/22/05, Strike 17.00	970	88,185	(126,100	)
Timken Co. (The),
Expires 12/17/05, Strike 30.00	2,310	217,922	(288,750	)
Tyco International,
Ltd., Expires 10/22/05, Strike 30.00	565	91,015	(5,650	)
United Technologies
Corp., Expires 11/19/05, Strike 52.50	1,255	221,218	(131,775	)
Veeco
Instruments, Inc., Expires 10/22/05, Strike 20.00	2,585	324,084	(12,925	)
Weight Watchers
International, Inc., Expires 1/21/06, Strike 55.00	3,239	832,219	(566,825	)
Williams
Cos., Inc., Expires 1/21/06, Strike 22.50	4,045	542,341	(1,375,300	)
Wyeth, Expires 1/21/06,
Strike 45.00	1,818	486,599	(518,130	)
Total
Call Options Written (premiums received $36,458,895)			$ (55,107,860	)
Other
Assets, Less Liabilities — (1.0)%			$ (9,215,526	)
Net Assets — 100.0%			$ 911,236,557

ADR	American Depository Receipt
(1)	Non-income producing security.

The cost and unrealized appreciation (depreciation) in value of the investments owned at September 30, 2005, as computed on a federal income tax basis, were as follows:

| Aggregate
cost | $ | |
| --- | --- | --- |
| Gross unrealized
appreciation | $ 63,050,566 | |
| Gross unrealized
depreciation | (29,906,759 | ) |
| Net unrealized appreciation | $ 33,143,807 | |

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Written call option activity for the period ended September 30, 2005 was as follows:

| Outstanding,
beginning of period | Number of Contracts — — | | Premiums Received — $ — | |
| --- | --- | --- | --- | --- |
| Options written | 424,912 | | 84,969,116 | |
| Options
terminated in closing purchase transactions | (172,143 | ) | (29,918,544 | ) |
| Options exercised | (79,466 | ) | (17,117,376 | ) |
| Options expired | (6,173 | ) | (1,474,301 | ) |
| Outstanding, end of
period | 167,130 | | $ 36,458,895 | |

At September 30, 2005, the Fund had sufficient cash and/or securities to cover commitments under these contracts.

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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.

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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 Enhanced Equity Income Fund II

By:
Duncan W. Richardson
President and Principal Executive Officer

Date: November 28, 2005

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:
Duncan W. Richardson
President and Principal Executive Officer

Date: November 28, 2005

By:
Barbara E. Campbell
Treasurer and Principal Financial Officer

Date: November 28, 2005

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