Eaton Vance Enhanced Equity Income Fund II

Regulatory Filings • May 29, 2007

N-Q 1 a07-14077_1nq.htm N-Q

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:	March 31,
2007

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Item 1. Schedule of Investments

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Eaton Vance Enhanced Equity Income Fund II as of March 31, 2007

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 102.6% (1)

Security	Shares	Value
Aerospace &
Defense — 6.7%
Alliant
Techsystems, Inc. (2)	90,230	$ 7,933,022
Boeing Company	63,500	5,645,785
General Dynamics Corp.	201,896	15,424,854
L-3 Communications
Holdings, Inc.	108,158	9,460,580
Precision Castparts
Corp.	56,242	5,851,980
Rockwell
Collins, Inc.	155,659	10,418,257
United Technologies
Corp.	131,884	8,572,460
		$ 63,306,938
Auto
Components — 1.3%
BorgWarner, Inc.	157,448	$ 11,874,728
		$ 11,874,728
Biotechnology
— 1.3%
Amgen, Inc. (2)	44,500	$ 2,486,660
Cephalon, Inc. (2)	139,444	9,929,807
		$ 12,416,467
Capital
Markets — 4.8%
Affiliated Managers
Group, Inc. (2)	112,405	$ 12,179,082
Charles Schwab Corp.	597,940	10,936,323
E*Trade Financial Corp.
(2)	423,103	8,978,246
Mellon Financial Corp.	197,424	8,516,871
UBS AG	81,500	4,843,545
		$ 45,454,067
Chemicals
— 0.7%
Ecolab, Inc.	144,027	$ 6,193,161
		$ 6,193,161
Commercial
Banks — 1.0%
Zions Bancorporation	108,533	$ 9,173,209
		$ 9,173,209
Commercial
Services & Supplies — 1.9%
Cintas Corp.	215,189	$ 7,768,323
Equifax, Inc.	268,227	9,776,874
		$ 17,545,197
Communications
Equipment — 3.4%
Cisco Systems, Inc.
(2)	400,987	$ 10,237,198
QUALCOMM, Inc.	213,058	9,089,054
Riverbed
Technology, Inc. (2)	159,633	4,412,256
Tellabs, Inc. (2)	880,714	8,719,069
		$ 32,457,577

1

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Computer Peripherals — 5.8% — Apple, Inc. (2)	164,317	$ 15,266,692
Brocade Communications
Systems, Inc. (2)	1,047,499	9,972,190
EMC Corp. (2)	511,243	7,080,716
Hewlett-Packard Co.	187,491	7,525,889
NCR Corp. (2)	124,000	5,923,480
Seagate Technology	374,333	8,721,959
		$ 54,490,926
Construction &
Engineering — 1.1%
Foster Wheeler, Ltd. (2)	170,796	$ 9,972,778
		$ 9,972,778
Consumer
Finance — 1.0%
American Express Co.	170,751	$ 9,630,356
		$ 9,630,356
Diversified
Telecommunication Services — 0.6%
Windstream Corp.	387,340	$ 5,690,025
		$ 5,690,025
Electrical
Equipment — 0.8%
Emerson Electric Co.	170,446	$ 7,344,518
		$ 7,344,518
Electronic
Equipment & Instruments — 0.8%
Agilent
Technologies, Inc. (2)	238,199	$ 8,024,924
		$ 8,024,924
Energy
Equipment & Services — 2.7%
Dresser-Rand
Group, Inc. (2)	280,246	$ 8,536,293
Halliburton Co.	269,519	8,554,533
Schlumberger, Ltd.	122,295	8,450,585
		$ 25,541,411
Food &
Staples Retailing — 0.9%
Safeway, Inc.	227,785	$ 8,346,042
		$ 8,346,042
Food
Products — 2.9%
Kellogg Co.	126,450	$ 6,503,324
Nestle SA ADR	116,862	11,325,552
William Wrigley Jr. Co.	186,136	9,479,906
		$ 27,308,782
Health
Care Equipment & Supplies — 6.2%
Baxter
International, Inc.	200,240	$ 10,546,641
Cytyc Corp. (2)	223,097	7,632,148
DENTSPLY
International, Inc.	298,388	9,772,207
Edwards Lifesciences
Corp. (2)	248,856	12,616,999

2

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| St. Jude Medical, Inc.
(2) | 208,094 | $ |
| --- | --- | --- |
| Thoratec Corp. (2) | 463,535 | 9,687,882 |
| | | $ 58,082,292 |
| Health
Care Providers & Services — 4.4% | | |
| DaVita, Inc. (2) | 174,068 | $ 9,281,306 |
| Henry Schein, Inc.
(2) | 211,140 | 11,650,705 |
| Lincare
Holdings, Inc. (2) | 277,189 | 10,158,977 |
| UnitedHealth
Group, Inc. | 191,046 | 10,119,707 |
| | | $ 41,210,695 |
| Hotels,
Restaurants & Leisure — 2.6% | | |
| Cheesecake
Factory, Inc. (2) | 391,645 | $ 10,437,339 |
| Marriott
International, Inc., Class A | 169,250 | 8,286,480 |
| Starwood
Hotels & Resorts Worldwide, Inc. | 86,182 | 5,588,903 |
| | | $ 24,312,722 |
| Household
Products — 2.6% | | |
| Colgate-Palmolive Co. | 143,068 | $ 9,555,512 |
| Procter &
Gamble Co. | 230,650 | 14,567,854 |
| | | $ 24,123,366 |
| Independent
Power Producers & Energy Traders — 1.2% | | |
| NRG Energy, Inc.
(2) | 156,969 | $ 11,308,047 |
| | | $ 11,308,047 |
| Insurance
— 2.9% | | |
| AON Corp. | 274,841 | $ 10,432,964 |
| Travelers
Cos., Inc. | 216,012 | 11,182,941 |
| Willis Group Holdings,
Ltd. | 138,488 | 5,481,355 |
| | | $ 27,097,260 |
| Internet &
Catalog Retail — 0.5% | | |
| Liberty Media Corp. -
Interactive Group (2) | 205,281 | $ 4,889,793 |
| | | $ 4,889,793 |
| Internet
Software & Services — 1.1% | | |
| Google, Inc.,
Class A (2) | 22,278 | $ 10,206,888 |
| | | $ 10,206,888 |
| IT
Services — 2.8% | | |
| Fidelity National
Information Services, Inc. | 199,538 | $ 9,070,997 |
| MoneyGram
International, Inc. | 352,900 | 9,796,504 |
| Paychex, Inc. | 202,473 | 7,667,653 |
| | | $ 26,535,154 |
| Life
Sciences Tools & Services — 1.4% | | |
| Charles River
Laboratories International, Inc. (2) | 151,205 | $ 6,994,743 |
| Thermo Fisher
Scientific, Inc. (2) | 133,400 | 6,236,450 |
| | | $ 13,231,193 |

3

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Machinery — 4.1% — Caterpillar, Inc.	113,666	$ 7,619,032
Eaton Corp.	127,650	10,666,434
Parker Hannifin Corp.	114,305	9,865,665
Trinity
Industries, Inc.	248,987	10,437,535
		$ 38,588,666
Media —
3.8%
Comcast Corp.,
Class A (2)	498,736	$ 12,942,199
McGraw-Hill
Companies, Inc., (The)	173,173	10,889,118
Time Warner, Inc.	587,998	11,595,321
		$ 35,426,638
Metals &
Mining — 3.0%
Aber Diamond Corp.	246,057	$ 9,168,084
Companhia Vale do Rio
Doce ADR	319,670	11,824,593
Newmont Mining Corp.	179,852	7,551,985
		$ 28,544,662
Multiline
Retail — 3.5%
Dollar General Corp.	479,000	$ 10,130,850
Federated Department
Stores, Inc.	286,670	12,914,484
Saks, Inc.	496,857	10,354,500
		$ 33,399,834
Pharmaceuticals
— 5.3%
Abbott Laboratories	194,500	$ 10,853,100
Eli Lilly & Co.	178,649	9,595,238
Johnson &
Johnson	175,453	10,572,798
Novartis AG ADR	163,628	8,938,998
Wyeth	192,817	9,646,635
		$ 49,606,769
Semiconductors &
Semiconductor Equipment — 11.1%
Cypress Semiconductor
Corp. (2)	168,862	$ 3,132,390
KLA-Tencor Corp.	230,760	12,304,123
Linear Technology Corp.	290,931	9,190,510
Marvell Technology
Group, Ltd. (2)	541,611	9,104,481
MEMC Electronic
Materials, Inc. (2)	240,494	14,569,127
Microchip
Technology, Inc.	276,543	9,825,573
Micron
Technology, Inc. (2)	652,491	7,882,091
NVIDIA Corp. (2)	308,224	8,870,687
Teradyne, Inc. (2)	1,008,428	16,679,399
Texas
Instruments, Inc.	434,000	13,063,400
		$ 104,621,781

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Software — 2.2% — Autodesk, Inc. (2)	189,967	$ 7,142,759
Oracle Corp. (2)	777,082	14,088,497
		$ 21,231,256
Specialty
Retail — 3.6%
Barnes &
Noble, Inc.	254,875	$ 10,054,819
GameStop Corp.,
Class A (2)	368,126	11,989,864
J. Crew Group, Inc.
(2)	289,882	11,644,560
		$ 33,689,243
Tobacco
— 2.0%
Altria Group, Inc.	131,746	$ 11,568,616
Lowes Corp. - Carolina
Group	97,949	7,405,924
		$ 18,974,540
Wireless
Telecommunication Services — 0.6%
Rogers
Communications, Inc., Class B	185,951	$ 6,091,755
		$ 6,091,755
Total Common Stocks (identified cost $934,947,418)		$ 965,943,660

Short-Term Investments — 0.5%

Description	Interest — (000’s omitted)	Value
Investment in
Cash Management Portfolio, 4.74% (3)	4,520	$ 4,520,143
Total Short-Term Investments (amortized cost, $4,520,143)		$ 4,520,143
Total
Investments — 103.1% (identified cost $939,467,561)		$ 970,463,803

COVERED CALL OPTIONS WRITTEN — (3.1)%

Type of Contract	Number of — Contracts	Premium — Received	Value
Abbott Laboratories,
Expires 5/19/07, Strike 52.50	1,945	$ 388,247	$ (739,100	)
Affiliated Managers
Group, Inc., Expires 6/16/07, Strike 110.00	825	249,225	(371,250	)
Agilent
Technologies, Inc., Expires 5/19/07, Strike 32.50	1,145	242,263	(240,450	)
Alliant
Technologies, Inc., Expires 5/19/07, Strike 80.00	525	221,543	(472,500	)
Altria Group, Inc.,
Expires 6/16/07, Strike 85.00	810	273,981	(413,100	)
American Express Co.,
Expires 4/21/07, Strike 57.50	905	241,562	(54,300	)
Amgen, Inc.,
Expires 7/21/07, Strike 67.50	445	105,506	(20,025	)

5

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| AON Corp., Expires 4/21/07,
Strike 35.00 | 1,225 | $ | $ | ) |
| --- | --- | --- | --- | --- |
| Apple
Computer, Inc., Expires 4/21/07, Strike 90.00 | 1,045 | 514,124 | (449,350 | ) |
| Autodesk Inc., Expires
4/21/07, Strike 42.50 | 920 | 291,723 | (4,600 | ) |
| Barnes and
Noble, Inc., Expires 4/21/07, Strike 40.00 | 2,392 | 350,592 | (167,440 | ) |
| Baxter International
Inc., Expires 5/19/07, Strike 52.50 | 1,879 | 182,445 | (319,430 | ) |
| Boeing Company, Expires
5/19/07, Strike 90.00 | 635 | 226,751 | (155,575 | ) |
| BorgWarner, Inc.,
Expires 4/21/07, Strike 70.00 | 940 | 208,503 | (545,200 | ) |
| Brocade Communications
Systems, Inc., Expires 7/21/07, Strike 10.00 | 3,430 | 367,347 | (257,250 | ) |
| Caterpillar, Inc.,
Expires 5/19/07, Strike 65.00 | 665 | 230,814 | (229,425 | ) |
| Cephalon, Inc.,
Expires 5/19/07, Strike 75.00 | 985 | 152,276 | (211,775 | ) |
| Charles River
Laboratories International, Inc., Expires 5/19/07, Strike 50.00 | 1,419 | 100,888 | (85,140 | ) |
| Charles Schwab Corp.,
Expires 6/16/07, Strike 20.00 | 3,415 | 174,501 | (110,987 | ) |
| Cheesecake
Factory, Inc., Expires 7/21/07, Strike 30.00 | 3,676 | 554,104 | (283,052 | ) |
| Cintas Corp., Expires
5/19/07, Strike 40.00 | 850 | 103,782 | (10,625 | ) |
| Cisco
Systems, Inc., Expires 4/21/07, Strike 27.50 | 1,775 | 207,668 | (17,750 | ) |
| Colgate-Palmolive Co.,
Expires 5/19/07, Strike 65.00 | 660 | 231,059 | (166,650 | ) |
| Comcast Corp.,
Class A, Expires 7/21/07, Strike 27.50 | 3,105 | 323,277 | (232,875 | ) |
| Companhia Vale do Rio
Doce, Expires 6/16/07, Strike 35.00 | 3,000 | 561,283 | (1,080,000 | ) |
| Cypress Semiconductor
Corp., Expires 6/16/07, Strike 17.50 | 1,025 | 184,087 | (179,375 | ) |
| Cytyc Corp., Expires
5/19/07, Strike 30.00 | 2,094 | 299,621 | (1,047,000 | ) |
| Davita, Inc.,
Expires 4/21/07, Strike 55.00 | 690 | 149,725 | (37,950 | ) |
| DENTSPLY
International, Inc., Expires 4/21/07, Strike 30.00 | 990 | 204,924 | (287,100 | ) |
| Dollar General Corp.,
Expires 5/19/07, Strike 17.50 | 4,790 | 528,225 | (1,820,200 | ) |
| Dresser-Rand, Inc.,
Exp 6/16/07, Strike 25.00 | 1,315 | 351,226 | (775,850 | ) |
| E*Trade Financial Corp.,
Expires 4/21/07, Strike 25.00 | 1,865 | 221,473 | (9,325 | ) |
| Eaton Corp., Expires
4/21/07, Strike 85.00 | 895 | 113,037 | (98,450 | ) |
| Ecolab, Inc.,
Expires 7/21/07, Strike 45.00 | 595 | 46,766 | (66,937 | ) |
| Edwards Lifesciences
Corp., Expires 5/19/07, Strike 50.00 | 1,105 | 317,236 | (215,475 | ) |
| EMC Corp., Expires
4/21/07, Strike 14.00 | 3,580 | 230,903 | (143,200 | ) |
| Emerson Electric Co.,
Expires 6/16/07, Strike 45.00 | 1,090 | 91,121 | (70,850 | ) |
| Equifax, Inc.,
Expires 4/21/07, Strike 40.00 | 1,120 | 212,905 | (33,600 | ) |
| Federated Department
Stores, Inc., Expires 5/19/07, Strike 40.00 | 1,495 | 391,678 | (837,200 | ) |
| Fidelity National
Information Services, Inc., Expires 4/21/07, Strike 40.00 | 915 | 193,974 | (480,375 | ) |
| Foster Wheeler, Ltd.,
Expires 5/19/07, Strike 60.00 | 890 | 278,147 | (253,650 | ) |
| GameStop Corp.,
Class A, Expires 4/21/07, Strike 27.50 | 2,705 | 543,691 | (1,352,500 | ) |
| General Dynamics Corp.,
Expires 5/19/07, Strike 80.00 | 1,225 | 186,317 | (90,650 | ) |
| Google, Inc.,
Class A, Expires 6/16/07, Strike 470.00 | 165 | 255,453 | (297,000 | ) |

6

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| Halliburton Co., Expires
4/21/07, Strike 30.00 | 1,435 | $ | $ | ) |
| --- | --- | --- | --- | --- |
| Hewlett-Packard Co.,
Expires 5/19/07, Strike 42.50 | 1,760 | 421,683 | (96,800 | ) |
| J Crew Group, Inc.,
Expires 6/16/07, Strike 40.00 | 1,830 | 261,279 | (521,550 | ) |
| Johnson &
Johnson, Expires 4/21/07, Strike 65.00 | 720 | 222,833 | (3,600 | ) |
| Kellogg Co., Expires 6/16/07,
Strike 50.00 | 1,187 | 204,276 | (273,010 | ) |
| KLA-Tencor Corp.,
Expires 6/16/07, Strike 55.00 | 1,585 | 423,347 | (380,400 | ) |
| L-3 Communications
Holdings, Inc., Expires 4/21/07, Strike 85.00 | 1,081 | 284,005 | (345,920 | ) |
| Liberty Media Corp. -
Interactive Group, Expires 4/21/07, Strike 22.50 | 1,100 | 131,193 | (165,000 | ) |
| Lilly Eli &
Co., Expires 4/21/07, Strike 50.00 | 325 | 112,772 | (130,000 | ) |
| Lincare Holdings Inc.,
Expires 5/19/07, Strike 40.00 | 2,602 | 486,819 | (65,050 | ) |
| Linear Technology Corp.,
Expires 5/19/07, Strike 32.50 | 1,315 | 186,856 | (118,350 | ) |
| Loews Corp. - Carolina
Group, Expires 6/16/07, Strike 75.00 | 615 | 171,976 | (181,425 | ) |
| Marriot
International, Inc.,Class A, Expires 1/20/07, Strike 50.00 | 1,692 | 186,912 | (126,900 | ) |
| Marvell Technology
Group, Ltd., Expires 5/19/07, Strike 20.00 | 2,770 | 325,437 | (55,400 | ) |
| McGraw-Hill
Companies, Inc., Expires 5/19/07, Strike 70.00 | 1,625 | 279,654 | (40,625 | ) |
| MEMC Electronic
Materials, Inc., Expires 4/21/07, Strike 45.00 | 1,605 | 312,596 | (2,535,900 | ) |
| Microchip Technology, Inc.,
Expires 4/21/07, Strike 35.00 | 1,310 | 238,465 | (150,650 | ) |
| Micron
Techologies, Inc., Expires 7/21/07, Strike 13.00 | 2,050 | 130,376 | (127,100 | ) |
| Moneygram
International, Inc., Expires 4/21/07, Strike 30.00 | 995 | 223,758 | (12,438 | ) |
| NCR Corp., Expires
4/21/07, Strike 45.00 | 1,240 | 256,729 | (375,100 | ) |
| Newmont Mining Corp.,
Expires 6/16/07, Strike 42.50 | 1,320 | 246,964 | (257,400 | ) |
| Novartis AG, Expires
7/21/07, Strike 60.00 | 780 | 47,657 | (46,800 | ) |
| NRG Energy, Inc.,
Expires 6/16/07, Strike 70.00 | 1,065 | 369,650 | (543,150 | ) |
| NVIDIA Corp., Expires
6/16/07, Strike 32.50 | 455 | 104,465 | (50,050 | ) |
| Oracle Corp., Expires
6/16/07, Strike 17.00 | 3,660 | 324,266 | (585,600 | ) |
| Parker Hannifin Corp.,
Expires 5/19/07, Strike 80.00 | 500 | 165,995 | (367,500 | ) |
| Precision Castparts
Corp., Expires 6/16/07, Strike 100.00 | 410 | 220,204 | (364,900 | ) |
| Procter &
Gamble Co., Expires 4/21/07, Strike 65.00 | 2,306 | 320,472 | (46,120 | ) |
| QUALCOMM, Inc.,
Expires 4/21/07, Strike 40.00 | 745 | 146,760 | (238,400 | ) |
| Riverbed Techology, Inc.,
Expires 6/16/07, Strike 35.00 | 775 | 183,747 | (42,625 | ) |
| Rockwell
Collins, Inc., Expires 4/21/07, Strike 70.00 | 1,556 | 227,741 | (15,560 | ) |
| Rogers
Communications, Inc., Class B, Expires 4/21/07, Strike 32.50 | 1,300 | 224,586 | (113,750 | ) |
| Safeway, Inc.,
Expires 6/16/07, Strike 35.00 | 2,138 | 303,800 | (598,640 | ) |
| Saks, Inc., Expires
5/19/07, Strike 20.00 | 2,820 | 406,309 | (380,700 | ) |
| Henry Schein, Inc.,
Expires 4/21/07, Strike 50.00 | 1,035 | 86,420 | (573,390 | ) |

7

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| Schlumberger, Ltd., Expires
5/19/07, Strike 65.00 | 810 | $ | $ | ) |
| --- | --- | --- | --- | --- |
| Seagate Technology,
Expires 6/16/07, Strike 27.50 | 1,890 | 162,724 | (47,250 | ) |
| St. Jude
Medical, Inc., Expires 4/21/07, Strike 40.00 | 1,195 | 218,236 | (35,850 | ) |
| Starwood
Hotels & Resorts Worldwide, Inc., Expires 5/19/07, Strike 70.00 | 809 | 260,571 | (60,675 | ) |
| Tellabs, Inc.,
Expires 6/16/07, Strike 10.00 | 2,530 | 173,553 | (139,150 | ) |
| Teradyne, Inc.,
Expires 4/21/07, Strike 15.00 | 3,510 | 490,893 | (568,620 | ) |
| Texas
Instruments, Inc., Expires 4/21/07, Strike 30.00 | 1,970 | 269,882 | (167,450 | ) |
| Thermo Fisher
Scientific, Inc., Expires 6/16/07, Strike 45.00 | 645 | 140,025 | (167,700 | ) |
| Thoratec Corp., Expires
4/21/07, Strike 15.00 | 1,270 | 215,008 | (749,300 | ) |
| Thoratec Corp., Expires
4/21/07, Strike 17.50 | 1,455 | 253,890 | (509,250 | ) |
| Time Warner, Inc.,
Expires 4/21/07, Strike 20.00 | 1,095 | 80,589 | (27,375 | ) |
| Travelers Cos., Expires
4/21/07, Strike 55.00 | 2,027 | 80,064 | (20,270 | ) |
| Trinity
Industries, Inc., Expires 4/21/07, Strike 35.00 | 935 | 296,012 | (682,550 | ) |
| United Technologies
Corp., Expires 5/19/07, Strike 70.00 | 1,238 | 151,155 | (30,950 | ) |
| UnitedHealth Group,
Expires 6/16/07, Strike 55.00 | 1,145 | 351,624 | (194,650 | ) |
| William Wrigley Jr. Co.,
Expires 6/16/07, Strike 55.00 | 1,861 | 132,315 | (74,440 | ) |
| Willis Group Holdings,
Ltd., Expires 4/21/07, Strike 40.00 | 1,384 | 131,438 | (62,280 | ) |
| Wyeth, Expires 4/21/07,
Strike 52.50 | 1,370 | 223,910 | (34,250 | ) |
| Zions Bancorporation,
Expires 7/21/07, Strike 90.00 | 1,085 | 230,125 | (139,965 | ) |
| Total
Covered Call Options Written (premiums received $24,129,614) | | | $ (29,507,739 | ) |
| Other
Assets, Less Liabilities — 0.0% | | | $ 445,557 | |
| Net
Assets — 100.0% | | | $ 941,401,621 | |

ADR	American Depository Receipt
(1)	A portion of each common stock holding has been
segregated as collateral for outstanding options written.
(2)	Non-income producing security.
(3)	Affiliated investment investing in high quality,
U.S. Dollar denominated money market instruments, and that is available to
Eaton Vance portfolios and funds. The rate shown is the annualized seven-day
yield as of March 31, 2007.

The cost and unrealized appreciation (depreciation) in value of the investments owned at March 31, 2007, as computed on a federal income tax basis, were as follows:

Aggregate cost	$
Gross unrealized
appreciation	$ 54,414,017
Gross unrealized
depreciation	(29,247,812	)
Net unrealized appreciation	$ 25,166,205

8

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Written call option activity for the period ended March 31, 2007 was as follows:

	Number of Contracts		Premiums Received
Outstanding, beginning
of period	141,814		$ 24,810,118
Options written	171,374		28,329,781
Options terminated in closing
purchase transactions	(161,018	)	(27,007,017	)
Options expired	(7,074	)	(2,003,268	)
Outstanding, end of
period	145,096		24,129,614

At March 31, 2007, the Fund had sufficient cash and/or securities to cover commitments under these contracts.

9

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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 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 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) During the second fiscal quarter of the period covered by this report, the registrant’s internal control over financial reporting was modified to enhance the review and analysis of the relevant terms and conditions of transfers of securities in connection with inverse floating rate obligations in light of Statement of Financial Accounting Standards No. 140.

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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:	/s/ Duncan W. Richardson
	Duncan W. Richardson
	President and Principal Executive Officer
Date:	May 18, 2007

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/ Duncan W. Richardson
	Duncan W. Richardson
	President and Principal Executive Officer
Date:	May 18, 2007
By:	/s/ Barbara E. Campbell
	Barbara E. Campbell
	Treasurer and Principal Financial Officer
Date:	May 18, 2007

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