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Eaton Vance Enhanced Equity Income Fund II

Regulatory Filings May 28, 2010

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N-Q 1 b80974a1nvq.htm EATON VANCE ENHANCED EQUITY INCOME II Eaton Vance Enhanced Equity Income II PAGEBREAK

Table of Contents

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

811-21670 Investment Company Act File Number

Eaton Vance Enhanced Equity Income Fund II

(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)

December 31

Date of Fiscal Year End

March 31, 2010

Date of Reporting Period

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TOC

TABLE OF CONTENTS

Item 2. Controls and Procedures
Signatures
EX-99.CERT Section 302 Certification

/TOC

Table of Contents

link2 "Item 1. Schedule of Investments"

Item 1. Schedule of Investments

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Eaton Vance Enhanced Equity Income Fund II as of March 31, 2010

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 102.5% (1)

Security Value
Aerospace & Defense — 2.2%
General Dynamics Corp. 102,885 $ 7,942,722
Lockheed Martin Corp. 71,800 5,975,196
$ 13,917,918
Air Freight & Logistics — 0.8%
FedEx Corp. 55,167 $ 5,152,598
$ 5,152,598
Beverages — 4.1%
Coca-Cola Co. (The) 180,872 $ 9,947,960
PepsiCo, Inc. 242,245 16,026,929
$ 25,974,889
Biotechnology — 2.2%
Amgen,
Inc. (2) 169,415 $ 10,124,241
Celgene
Corp. (2) 58,743 3,639,716
$ 13,763,957
Capital Markets — 0.9%
Goldman Sachs Group, Inc. 35,046 $ 5,979,899
$ 5,979,899
Chemicals — 0.7%
Air Products and Chemicals, Inc. 24,411 $ 1,805,193
Monsanto Co. 32,878 2,348,147
$ 4,153,340
Commercial Banks — 1.7%
PNC Financial Services Group, Inc. 52,840 $ 3,154,548
U.S. Bancorp 123,773 3,203,245
Wells Fargo & Co. 145,818 4,537,856
$ 10,895,649
Commercial Services & Supplies — 0.9%
Waste Management, Inc. 159,167 $ 5,480,120
$ 5,480,120
Communications Equipment — 6.0%
Cisco Systems,
Inc. (2) 929,599 $ 24,197,462
QUALCOMM, Inc. 328,360 13,787,836
$ 37,985,298
Computers & Peripherals — 10.2%
Apple,
Inc. (2) 110,608 $ 25,985,138
Hewlett-Packard Co. 292,214 15,531,174
International Business Machines Corp. 183,276 23,505,147
$ 65,021,459
Consumer Finance — 0.7%
American Express Co. 111,832 $ 4,614,188
$ 4,614,188
Diversified Financial Services — 0.5%
Bank of America Corp. 174,724 $ 3,118,823
$ 3,118,823

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Security Value
Diversified Telecommunication
Services — 0.2%
AT&T, Inc. 40,247 $ 1,039,983
$ 1,039,983
Electric Utilities — 0.3%
American Electric Power Co., Inc. 54,914 $ 1,876,961
$ 1,876,961
Electrical Equipment — 1.3%
Emerson Electric Co. 169,696 $ 8,542,497
$ 8,542,497
Electronic Equipment, Instruments &
Components — 1.3%
Corning, Inc. 422,911 $ 8,547,031
$ 8,547,031
Energy Equipment & Services — 0.8%
Schlumberger, Ltd. 82,554 $ 5,238,877
$ 5,238,877
Food & Staples Retailing — 3.2%
CVS Caremark Corp. 184,998 $ 6,763,527
Wal-Mart Stores, Inc. 250,205 13,911,398
$ 20,674,925
Food Products — 2.6%
Nestle SA 134,351 $ 6,884,410
Nestle SA ADR 188,169 9,634,253
$ 16,518,663
Health Care Equipment &
Supplies — 3.6%
Baxter International, Inc. 85,459 $ 4,973,714
Boston Scientific
Corp. (2) 390,598 2,820,117
Covidien PLC 79,571 4,000,830
HeartWare International,
Inc. (2) 83,850 3,728,205
Thoratec
Corp. (2) 119,294 3,990,384
Zimmer Holdings,
Inc. (2) 61,450 3,637,840
$ 23,151,090
Health Care Providers &
Services — 1.3%
AmerisourceBergen Corp. 76,776 $ 2,220,362
Fresenius Medical Care AG & Co. KGaA ADR 51,174 2,873,932
VCA Antech,
Inc. (2) 124,509 3,489,987
$ 8,584,281
Hotels, Restaurants & Leisure — 1.3%
Carnival Corp. 109,710 $ 4,265,525
McDonald’s Corp. 58,970 3,934,478
$ 8,200,003
Household Durables — 1.7%
Tempur-Pedic International,
Inc. (2) 132,738 $ 4,003,378
Whirlpool Corp. 79,456 6,932,536
$ 10,935,914
Household Products — 3.9%
Colgate-Palmolive Co. 126,071 $ 10,748,814
Procter & Gamble Co. 226,908 14,356,469
$ 25,105,283
Industrial Conglomerates — 1.7%
3M Co. 41,657 $ 3,481,275
General Electric Co. 417,869 7,605,216
$ 11,086,491

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Security Value
Insurance — 1.2%
Lincoln National Corp. 110,919 $ 3,405,213
Prudential Financial, Inc. 74,096 4,482,808
$ 7,888,021
Internet & Catalog Retail — 1.5%
Amazon.com,
Inc. (2) 69,030 $ 9,369,442
$ 9,369,442
Internet Software & Services — 4.1%
Akamai Technologies,
Inc. (2) 134,818 $ 4,234,633
Google, Inc.,
Class A (2) 28,194 15,986,280
VeriSign,
Inc. (2) 230,592 5,997,698
$ 26,218,611
IT Services — 1.1%
MasterCard, Inc., Class A 26,948 $ 6,844,792
$ 6,844,792
Life Sciences Tools & Services — 0.6%
Thermo Fisher Scientific,
Inc. (2) 80,434 $ 4,137,525
$ 4,137,525
Machinery — 3.5%
Danaher Corp. 94,624 $ 7,561,404
Deere & Co. 57,156 3,398,496
Illinois Tool Works, Inc. 166,531 7,886,908
PACCAR, Inc. 81,661 3,539,188
$ 22,385,996
Media — 1.7%
Walt Disney Co. (The) 302,205 $ 10,549,977
$ 10,549,977
Metals & Mining — 3.5%
BHP Billiton, Ltd. ADR 48,605 $ 3,903,954
Freeport-McMoRan Copper & Gold, Inc. 61,433 5,132,113
Goldcorp, Inc. 269,142 10,017,465
United States Steel Corp. 52,143 3,312,123
$ 22,365,655
Multi-Utilities — 0.4%
Public Service Enterprise Group, Inc. 90,829 $ 2,681,272
$ 2,681,272
Multiline Retail — 0.7%
Target Corp. 81,684 $ 4,296,578
$ 4,296,578
Oil, Gas & Consumable Fuels — 4.0%
Anadarko Petroleum Corp. 68,600 $ 4,996,138
Apache Corp. 31,120 3,158,680
Chevron Corp. 45,000 3,412,350
Exxon Mobil Corp. 64,194 4,299,714
Hess Corp. 43,844 2,742,442
Occidental Petroleum Corp. 46,920 3,966,617
Peabody Energy Corp. 69,335 3,168,610
$ 25,744,551
Personal Products — 0.7%
Avon Products, Inc. 125,015 $ 4,234,258
$ 4,234,258

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Security Value
Pharmaceuticals — 7.8%
Abbott Laboratories 188,083 $ 9,908,212
Bristol-Myers Squibb Co. 264,864 7,071,869
Johnson & Johnson 186,102 12,133,850
Merck & Co., Inc. 51,368 1,918,595
Pfizer, Inc. 463,910 7,956,057
Shire PLC ADR 83,351 5,497,832
Teva Pharmaceutical Industries, Ltd. ADR 81,359 5,132,126
$ 49,618,541
Real Estate Investment Trusts
(REITs) — 0.2%
AvalonBay Communities, Inc. 9,707 $ 838,199
Boston Properties, Inc. 7,325 552,598
$ 1,390,797
Road & Rail — 0.8%
CSX Corp. 97,386 $ 4,956,947
$ 4,956,947
Semiconductors & Semiconductor
Equipment — 3.7%
ASML Holding NV ADR 118,976 $ 4,211,750
Atheros Communications,
Inc. (2) 207,536 8,033,719
Broadcom Corp., Class A 57,015 1,891,758
Intel Corp. 333,428 7,422,107
Tessera Technologies,
Inc. (2) 108,631 2,203,037
$ 23,762,371
Software — 6.4%
McAfee,
Inc. (2) 95,250 $ 3,822,382
Microsoft Corp. 876,835 25,664,960
Oracle Corp. 366,140 9,406,137
Salesforce.com,
Inc. (2) 28,619 2,130,685
$ 41,024,164
Specialty Retail — 3.5%
Best Buy Co., Inc. 128,395 $ 5,461,923
Gap, Inc. (The) 102,897 2,377,950
Home Depot, Inc. 185,056 5,986,562
Staples, Inc. 200,572 4,691,379
TJX Companies, Inc. (The) 85,972 3,655,529
$ 22,173,343
Textiles, Apparel & Luxury
Goods — 1.4%
Hanesbrands,
Inc. (2) 155,217 $ 4,318,137
NIKE, Inc., Class B 59,931 4,404,928
$ 8,723,065
Tobacco — 1.1%
Philip Morris International, Inc. 131,043 $ 6,835,203
$ 6,835,203
Wireless Telecommunication Services — 0.5%
American Tower Corp.,
Class A (2) 80,167 $ 3,415,916
$ 3,415,916
Total Common Stocks (identified cost $554,657,004) $ 654,177,162

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Short-Term Investments — 1.1%

Description Interest — (000’s omitted) Value
Eaton Vance Cash Reserves Fund, LLC,
0.17% (3) $ 7,376 $ 7,376,401
Total Short-Term Investments (identified cost $7,376,401) $ 7,376,401
Total Investments — 103.6% (identified cost $562,033,405) $ 661,553,563

Covered Call Options Written — (3.6)%

Security Number — of Contracts Strike — Price Expiration — Date Value
3M Co. 250 $ 85.00 4/17/10 $ (13,250 )
Abbott Laboratories 1,225 55.00 5/22/10 (49,000 )
Air Products and Chemicals, Inc. 170 75.00 6/19/10 (45,475 )
Akamai Technologies, Inc. 880 26.00 5/22/10 (511,280 )
Amazon.com, Inc. 415 130.00 4/17/10 (288,425 )
American Electric Power Co., Inc. 385 35.00 5/22/10 (13,475 )
American Express Co. 670 43.00 4/17/10 (14,740 )
American Tower Corp., Class A 485 45.00 4/17/10 (7,275 )
AmerisourceBergen Corp. 500 30.00 5/22/10 (25,000 )
Amgen, Inc. 1,020 57.50 4/17/10 (267,240 )
Amgen, Inc. 375 60.00 5/22/10 (75,000 )
Anadarko Petroleum Corp. 550 70.00 5/22/10 (286,000 )
Apache Corp. 190 110.00 4/17/10 (2,850 )
Apple, Inc. 145 200.00 4/17/10 (510,255 )
Apple, Inc. 740 210.00 4/17/10 (1,872,200 )
ASML Holding NV ADR 715 35.00 4/17/10 (100,100 )
AT&T, Inc. 260 25.00 4/17/10 (22,620 )
Atheros Communications, Inc. 1,560 37.50 6/19/10 (546,000 )
Avon Products, Inc. 815 31.00 4/17/10 (232,275 )
Bank of America Corp. 1,400 17.00 5/22/10 (179,200 )
Baxter International, Inc. 555 57.50 5/22/10 (122,100 )
Best Buy Co., Inc. 835 37.00 4/17/10 (457,580 )
BHP Billiton, Ltd. ADR 315 80.00 5/22/10 (116,550 )
Boston Properties, Inc. 3 70.00 4/17/10 (1,776 )
Boston Scientific Corp. 2,540 8.00 5/22/10 (50,800 )
Bristol-Myers Squibb Co. 1,855 26.00 6/19/10 (278,250 )
Broadcom Corp., Class A 370 32.00 5/22/10 (88,060 )
Carnival Corp. 660 35.00 4/17/10 (257,400 )
Celgene Corp. 115 57.50 4/17/10 (52,900 )
Celgene Corp. 270 60.00 4/17/10 (67,500 )
Chevron Corp. 315 75.00 6/19/10 (85,995 )
Cisco Systems, Inc. 2,330 24.00 4/17/10 (466,000 )
Cisco Systems, Inc. 5,110 25.00 4/17/10 (592,760 )
Coca Cola Co. (The) 1,175 55.00 5/22/10 (159,800 )
Colgate-Palmolive Co. 1,010 80.00 5/22/10 (570,650 )
Corning, Inc. 2,750 18.00 5/22/10 (665,500 )
Covidien PLC 480 50.00 4/17/10 (48,000 )
CSX Corp. 635 47.00 5/22/10 (292,100 )
CVS Caremark Corp. 1,205 34.00 5/22/10 (373,550 )
Danaher Corp. 710 80.00 6/19/10 (198,800 )
Deere & Co. 430 60.00 6/19/10 (136,310 )
Emerson Electric Co. 1,275 48.00 6/19/10 (446,250 )
Exxon Mobil Corp. 385 70.00 4/17/10 (4,235 )
FedEx Corp. 110 80.00 4/17/10 (148,500 )
FedEx Corp. 335 85.00 4/17/10 (284,750 )
Freeport-McMoRan Copper & Gold, Inc. 400 80.00 5/22/10 (264,000 )
Fresenius Medical Care AG & Co. KGaA ADR 310 55.00 4/17/10 (46,500 )

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Security Number — of Contracts Strike — Price Expiration — Date Value
Gap, Inc. (The) 775 $ 23.00 6/19/10 $ (91,450 )
General Dynamics Corp. 670 70.00 5/22/10 (509,200 )
General Electric Co. 3,135 18.00 6/19/10 (313,500 )
Goldman Sachs Group, Inc. 210 170.00 4/17/10 (79,800 )
Google, Inc., Class A 200 560.00 6/19/10 (609,800 )
Hanesbrands, Inc. 935 25.00 4/17/10 (285,175 )
Hess Corp. 285 65.00 5/22/10 (46,740 )
Hewlett-Packard Co. 1,900 50.00 5/22/10 (741,000 )
Home Depot, Inc. 1,205 30.00 5/22/10 (308,480 )
Illinois Tool Works, Inc. 1,085 47.50 4/17/10 (81,375 )
Intel Corp. 2,170 21.00 4/17/10 (299,460 )
International Business Machines Corp. 370 125.00 4/17/10 (136,900 )
International Business Machines Corp. 1,100 135.00 4/17/10 (8,800 )
Johnson & Johnson 1,120 65.00 4/17/10 (76,160 )
Lincoln National Corp. 665 28.00 4/17/10 (182,875 )
Lockheed Martin Corp. 540 85.00 6/19/10 (132,300 )
MasterCard, Inc., Class A 200 260.00 4/17/10 (51,000 )
McAfee, Inc. 715 40.00 6/19/10 (139,425 )
McDonald’s Corp. 140 65.00 4/17/10 (26,880 )
McDonald’s Corp. 305 67.50 6/19/10 (43,920 )
Merck & Co., Inc. 310 40.00 4/17/10 (1,550 )
Microsoft Corp. 875 29.00 4/17/10 (56,000 )
Microsoft Corp. 4,825 30.00 4/17/10 (110,975 )
Microsoft Corp. 1,315 30.00 5/22/10 (93,365 )
Monsanto Co. 200 85.00 4/17/10 (1,400 )
NIKE, Inc., Class B 360 65.00 4/17/10 (309,600 )
Occidental Petroleum Corp. 305 80.00 5/22/10 (192,150 )
Oracle Corp. 2,750 25.00 6/19/10 (398,750 )
PACCAR, Inc. 530 36.00 5/22/10 (402,800 )
Peabody Energy Corp. 350 46.00 4/17/10 (49,000 )
PepsiCo, Inc. 1,455 62.50 4/17/10 (552,900 )
Pfizer, Inc. 3,250 18.00 6/19/10 (97,500 )
Philip Morris International, Inc. 982 50.00 6/19/10 (328,970 )
PNC Financial Services Group, Inc. 345 55.00 5/22/10 (163,875 )
Procter & Gamble Co. 1,815 62.50 4/17/10 (206,910 )
Prudential Financial, Inc. 555 55.00 6/19/10 (371,850 )
Public Service Enterprise Group, Inc. 635 30.00 6/19/10 (47,625 )
QUALCOMM, Inc. 2,135 41.00 4/17/10 (296,765 )
Salesforce.com, Inc. 215 75.00 5/22/10 (79,980 )
Schlumberger, Ltd. 540 65.00 5/22/10 (105,840 )
Shire PLC ADR 505 60.00 4/17/10 (308,050 )
Staples, Inc. 1,405 24.00 6/19/10 (115,913 )
Target Corp. 490 50.00 4/17/10 (130,340 )
Tessera Technologies, Inc. 710 20.00 4/17/10 (67,450 )
Teva Pharmaceutical Industries, Ltd. ADR 240 60.00 4/17/10 (78,960 )
Teva Pharmaceutical Industries, Ltd. ADR 370 60.00 6/19/10 (159,100 )
Thermo Fisher Scientific, Inc. 565 50.00 6/19/10 (186,450 )
TJX Companies, Inc. (The) 515 40.00 4/17/10 (136,475 )
U.S. Bancorp 930 25.00 6/19/10 (158,100 )
United States Steel Corp. 340 55.00 4/17/10 (300,900 )
VCA Antech, Inc. 935 25.00 6/19/10 (313,225 )
VeriSign, Inc. 1,730 26.00 6/19/10 (224,900 )
Wal-Mart Stores, Inc. 500 52.50 4/17/10 (157,000 )
Wal-Mart Stores, Inc. 1,255 55.00 6/19/10 (228,410 )
Walt Disney Co. (The) 1,965 31.00 4/17/10 (786,000 )
Waste Management, Inc. 955 35.00 4/17/10 (19,100 )
Wells Fargo & Co. 875 29.00 4/17/10 (189,000 )

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Security Number — of Contracts Strike — Price Expiration — Date Value
Whirlpool Corp. 595 $ 90.00 6/19/10 $ (224,315 )
Zimmer Holdings, Inc. 430 60.00 6/19/10 (95,675 )
Total Covered Call Options Written (premiums received $18,353,831) $ (23,249,684 )
Other Assets, Less Liabilities — 0.0% $ (21,701 )
Net Assets — 100.0% $ 638,282,178

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

ADR American Depositary Receipt
(1) A portion of each applicable common stock for which a written
call option is outstanding at March 31, 2010 has been
segregated as collateral for such written option.
(2) Non-income producing security.
(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 March 31, 2010. Net income allocated from the
investment in Eaton Vance Cash Reserves Fund, LLC and Cash
Management Portfolio, another affiliated investment company, for
the fiscal year to date ended March 31, 2010 was $2,448 and
$0, respectively.

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The cost and unrealized appreciation (depreciation) of investments of the Fund at March 31, 2010, as determined on a federal income tax basis, were as follows:

Aggregate cost $
Gross unrealized appreciation $ 114,519,937
Gross unrealized depreciation (18,476,244 )
Net unrealized appreciation $ 96,043,693

Written call options activity for the fiscal year to date ended March 31, 2010 was as follows:

Contracts Received
Outstanding, beginning of period 108,628 $ 21,426,773
Options written 105,448 20,013,187
Options terminated in closing purchase transactions (82,494 ) (16,369,778 )
Options exercised (706 ) (159,085 )
Options expired (34,861 ) (6,557,266 )
Outstanding, end of period 96,015 $ 18,353,831

At March 31, 2010, the Fund had sufficient cash and/or securities to cover commitments under these contracts.

The Fund is subject to equity price risk in the normal course of pursuing its investment objectives. The Fund generally intends to write covered call options on individual stocks above the current value of the stock to generate premium income. In writing call options on individual stocks, the Fund in effect, sells potential appreciation in the value of the applicable stock above the exercise price in exchange for the option premium received. The Fund retains the risk of loss, minus the premium received, should the price of the underlying stock decline.

At March 31, 2010, the aggregate fair value of derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) in a liability position and whose primary underlying risk exposure is equity price risk was $23,249,684.

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is 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.

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At March 31, 2010, the inputs used in valuing the Fund’s investments, which are carried at value, were as follows:

Quoted Prices in
Active Markets for Significant Other Significant
Identical Assets Observable Inputs Unobservable Inputs
Asset Description (Level 1) (Level 2) (Level 3) Total
Common Stocks
Consumer Discretionary $ 74,248,322 $ — $ — $ 74,248,322
Consumer Staples 92,458,811 6,884,410 — 99,343,221
Energy 30,983,428 — — 30,983,428
Financials 33,887,377 — — 33,887,377
Health Care 99,255,376 18 — 99,255,394
Industrials 71,522,567 — — 71,522,567
Information Technology 209,403,726 — — 209,403,726
Materials 26,518,995 — — 26,518,995
Telecommunication Services 4,455,899 — — 4,455,899
Utilities 4,558,233 — — 4,558,233
Total Common Stocks $ 647,292,734 $ 6,884,428 * $ — $ 654,177,162
Short-Term Investments $ — $ 7,376,401 $ — $ 7,376,401
Total Investments $ 647,292,734 $ 14,260,829 $ — $ 661,553,563
Liability Description
Covered Call Options Written $ (23,249,684 ) $ — $ — $ (23,249,684 )
Total $ (23,249,684 ) $ — $ — $ (23,249,684 )
  • Includes foreign equity securities whose values were adjusted to reflect market trading that occurred after the close of trading in their applicable foreign markets.

The Fund held no investments or other financial instruments as of December 31, 2009 whose fair value was determined using Level 3 inputs.

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

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link2 "Item 2. Controls and Procedures"

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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link1 "Signatures"

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
Date: May 24, 2010

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
Date: May 24, 2010
By: /s/ Barbara E. Campbell
Barbara E. Campbell
Treasurer
Date: May 24, 2010

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