Eaton Vance Enhanced Equity Income Fund

Regulatory Filings • Mar 1, 2005

N-Q 1 a05-3045_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 COMPANY*

| Investment
Company Act file number | |
| --- | --- |
| Eaton Vance Enhanced Equity Income Fund | |
| (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 service) | |
| Registrant's
telephone number, including area code: | (617) 482-8260 |
| Date of
fiscal year end: | September 30 |
| Date of
reporting period: | December 31, 2004 |

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*Item 1. Schedule of Investments*

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Enhanced Equity Income Fund
PORTFOLIO OF INVESTMENTS (Unaudited)

*Common Stocks — 102.6%*

Security	Shares	Value
Advertising — 1.4%
Getty Images, Inc. (1)	86,700	$ 5,969,295
Lamar Advertising Co. (1)	125,000	5,347,500
		$ 11,316,795
Aerospace & Defense — 2.3%
General Dynamics Corp.	83,800	8,765,480
Northrop Grumman Corp.	167,800	9,121,608
		$ 17,887,088
Apparel — 2.4%
Jones Apparel Group, Inc.	145,100	5,306,307
Nike, Inc., Class B	150,500	13,648,845
		$ 18,955,152
Auto and Parts — 1.0%
BorgWarner, Inc.	147,700	8,000,909
		$ 8,000,909
Beverages — 2.3%
Anheuser-Busch Cos., Inc.	133,600	6,777,528
PepsiCo, Inc.	212,500	11,092,500
		$ 17,870,028
Biotechnology — 3.9%
Amgen, Inc. (1)	123,700	7,935,355
Biogen Idec, Inc. (1)	119,800	7,979,878
Genzyme Corp. (1)	132,600	7,700,082
Medimmune, Inc. (1)	252,800	6,853,408
		$ 30,468,723
Commercial Banks — 7.4%
Bank of America Corp.	242,400	11,390,376
Bank of New York Co., Inc.
(The)	320,000	10,694,400
North Fork Bancorporation,
Inc.	356,850	10,295,123
Sovereign Bancorporation,
Inc.	311,600	7,026,580
Synovus Financial Corp.	263,000	7,516,540
Wells Fargo & Co.	175,400	10,901,110
		$ 57,824,129

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Communications Equipment — 4.3% — Avaya, Inc. (1)	870,000	$ 14,964,000
Cisco Systems, Inc. (1)	371,100	7,162,230
Corning, Inc. (1)	948,100	11,159,137
		$ 33,285,367
Computer Software — 5.3%
Microsoft Corp.	369,000	9,855,990
Oracle Corp. (1)	527,200	7,233,184
SAP AG ADR	291,100	12,869,531
VERITAS Software Corp. (1)	395,200	11,282,960
		$ 41,241,665
Computers & Peripherals —
1.2%
International Business
Machines Corp.	95,600	9,424,248
		$ 9,424,248
Diversified Telecommunication
Services — 1.0%
Sprint Corp.	329,300	8,183,105
		$ 8,183,105
Electrical Equipment — 1.8%
Emerson Electric Co.	201,900	14,153,190
		$ 14,153,190
Electronic Equipment &
Instruments — 5.1%
Agilent Technologies, Inc.
(1)	276,200	6,656,420
Fisher Scientific
International (1)	90,100	5,620,438
Flextronics International
Ltd. (1) (2)	882,300	12,193,386
Jabil Circuit, Inc. (1)	287,100	7,344,018
L-3 Communications
Holdings, Inc.	104,400	7,646,256
		$ 39,460,518
Entertainment — 1.5%
Carnival Corp.	204,100	11,762,283
		$ 11,762,283
Financial Services — 8.5%
Accenture Ltd., Class A (1)
(2)	430,300	11,618,100
American Express Co.	198,800	11,206,356
Citigroup, Inc.	237,600	11,447,568
E*Trade Financial Corp. (1)	557,800	8,339,110
Goldman Sachs Group, Inc.	125,100	13,015,404

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Paychex, Inc.	319,800	$
		$ 66,525,322
Health Services — 3.0%
Caremark Rx, Inc. (1)	230,700	9,096,501
Medco Health Solutions,
Inc. (1)	204,700	8,515,520
Quest Diagnostics, Inc.	57,800	5,522,790
		$ 23,134,811
Industrial Conglomerates — 1.3%
Tyco International Ltd. (2)	285,300	10,196,622
		$ 10,196,622
Insurance — 6.2%
Aetna, Inc.	57,500	7,173,125
Aflac, Inc.	226,000	9,003,840
Coventry Health Care, Inc.
(1)	126,400	6,709,312
Fidelity National
Financial, Inc.	185,800	8,485,486
MGIC Investment Corp.	108,000	7,442,280
WellPoint, Inc. (1)	86,300	9,924,500
		$ 48,738,543
Internet Services — 0.8%
Symantec Corp. (1)	227,800	5,868,128
		$ 5,868,128
Machinery — 1.4%
Deere & Co.	144,900	10,780,560
		$ 10,780,560
Media — 3.6%
Time Warner, Inc. (1)	418,500	8,135,640
Univision Communications,
Inc., Class A (1)	411,100	12,032,897
Walt Disney Co. (The)	273,100	7,592,180
		$ 27,760,717
Medical Products — 2.2%
Baxter International, Inc.	177,000	6,113,580
Boston Scientific Corp. (1)	302,700	10,760,985
		$ 16,874,565
Metals - Industrial — 2.4%
Alcoa, Inc.	315,200	9,903,584
Inco, Ltd. (1) (2)	239,900	8,823,522
		$ 18,727,106

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Mining — 0.8% — Newmont Mining Corp.	142,100	$ 6,310,661
		$ 6,310,661
Oil and Gas — 4.1%
BP PLC ADR	175,900	10,272,560
ConocoPhillips	78,600	6,824,838
GlobalSantaFe Corp.	256,600	8,496,026
Marathon Oil Corp.	172,700	6,495,247
		$ 32,088,671
Oil and Gas - Equipment and
Services — 2.1%
Halliburton Co.	215,100	8,440,524
Williams Co., Inc. (The)	472,200	7,692,138
		$ 16,132,662
Oil and Gas - Exploration and
Production — 1.3%
Chesapeake Energy Corp.	301,500	4,974,750
Noble Energy, Inc.	82,900	5,111,614
		$ 10,086,364
Personal Products — 3.8%
Colgate-Palmolive Co.	148,100	7,576,795
Estee Lauder Cos., Inc.
(The), Class A	238,400	10,911,568
Gillette Co. (The)	255,700	11,450,246
		$ 29,938,609
Pharmaceuticals — 7.9%
Allergan, Inc.	71,600	5,804,612
IVAX Corp. (1)	523,000	8,273,860
Pfizer, Inc.	429,100	11,538,499
Sepracor, Inc. (1)	189,700	11,262,489
Watson Pharmaceuticals,
Inc. (1)	325,700	10,686,217
Wyeth Corp.	321,300	13,684,167
		$ 61,249,844
Retail - Food and Drug — 3.3%
CVS Corp.	155,500	7,008,385
Walgreen Co.	338,700	12,995,919
Whole Foods Market, Inc.	61,500	5,864,025
		$ 25,868,329

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Retail - General — 0.9% — Target Corp.	140,200	$ 7,280,586
		$ 7,280,586
Retail - Specialty and Apparel
— 3.5%
Bed Bath and Beyond, Inc. (1)	257,500	10,256,225
Home Depot, Inc. (The)	171,200	7,317,088
Polo Ralph Lauren Corp.	233,200	9,934,320
		$ 27,507,633
Semiconductors &
Semiconductor Equipment — 3.6%
Broadcom Corp., Class A (1)	258,400	8,341,152
Linear Technology Corp.	136,100	5,275,236
Maxim Integrated Products,
Inc.	115,500	4,896,045
Microchip Technology, Inc.	354,200	9,442,972
		$ 27,955,405
Transportation — 1.0%
Swift Transportation Co.,
Inc. (1)	359,200	7,715,616
		$ 7,715,616
Total Common Stocks (identified cost $742,882,014)		$ 800,573,954

*Commercial Paper — 0.7%*

Security	Principal Amount (000’s omitted)	Value
Ranger Funding Co., LLC,
2.15%, 1/3/05	5,692	$ 5,691,320
Total Commercial Paper (at amortized cost, $5,691,320)		$ 5,691,320

*Short-Term Investments — 3.2%*

Security	Principal Amount (000’s omitted)	Value
Investors
Bank and Trust Company Time Deposit, 2.25%, 1/3/05	25,000	$ 25,000,000
Total Short-Term Investments (at amortized cost, $25,000,000)		$ 25,000,000

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Total Investments — 106.5% (identified cost $773,573,334)	$
Other Assets, Less Liabilities
— (6.5)%	$ (51,076,838	)
Net Assets — 100.0%	$ 780,188,436

ADR - American Depository Receipt

(1) Non-income producing security.

(2) Foreign security.

*Country Concentration of Portfolio*

Country	Percentage — of Total Investments	Value
UNITED STATES	89.6 %	$ 745,033,244
BERMUDA	2.6 %	21,814,722
GERMANY	1.6 %	12,869,531
SINGAPORE	1.5 %	12,193,386
PANAMA	1.4 %	11,762,283
UNITED KINGDOM	1.2 %	10,272,560
CANADA	1.1 %	8,823,522
CAYMAN ISLANDS	1.0 %	8,496,026
	100.0 %	$ 831,265,274

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A summary of financial instruments at December 31, 2004 is as follows:

*Summary of options outstanding :*

**WRITTEN OPTIONS****

| Type of Contract — ACCENTURE
LTD., CLASS A, EXPIRES 2/19/05, STRIKE 25.00 | Notional Amount — (196,500 | ) | Premium Received — $ (201,408 | ) | Value — $ (491,250 | ) |
| --- | --- | --- | --- | --- | --- | --- |
| AETNA, INC.,
EXPIRES 1/22/05, STRIKE 95.00 | (57,500 | ) | (293,433 | ) | (1,707,750 | ) |
| AFLAC, INC.,
EXPIRES 2/19/05, STRIKE 35.00 | (38,000 | ) | (75,048 | ) | (193,800 | ) |
| AGILENT TECHNOLOGIES,
INC., EXPIRES 2/19/05, STRIKE 25.00 | (159,500 | ) | (338,929 | ) | (143,550 | ) |
| ALCOA, INC.,
EXPIRES 4/16/05, STRIKE 32.50 | (154,500 | ) | (264,319 | ) | (216,300 | ) |
| ALLERGAN,
INC., EXPIRES 1/22/05, STRIKE 70.00 | (47,500 | ) | (193,558 | ) | (522,500 | ) |
| AMERICAN
EXPRESS CO., EXPIRES 1/22/05, STRIKE 55.00 | (92,000 | ) | (66,698 | ) | (156,400 | ) |
| AMGEN, INC.,
EXPIRES 1/22/05, STRIKE 55.00 | (71,000 | ) | (211,220 | ) | (660,300 | ) |
| ANHEUSER-BUSCH
COS., INC., EXPIRES 1/22/05, STRIKE 50.00 | (51,500 | ) | (63,086 | ) | (51,500 | ) |
| AVAYA, INC.,
EXPIRES 3/19/05, STRIKE 15.00 | (613,000 | ) | (674,215 | ) | (1,685,750 | ) |
| BANK OF
AMERICA CORP., EXPIRES 2/19/05, STRIKE 45.00 | (158,000 | ) | (217,586 | ) | (402,900 | ) |
| BANK OF NEW
YORK CO., INC. (THE), EXPIRES 1/22/05, STRIKE 32.50 | (138,000 | ) | (162,146 | ) | (165,600 | ) |
| BAXTER INTERNATIONAL,
INC., EXPIRES 2/19/05, STRIKE 32.50 | (111,000 | ) | (78,201 | ) | (288,600 | ) |
| BED BATH AND
BEYOND, INC., EXPIRES 2/19/05, STRIKE 40.00 | (141,500 | ) | (371,429 | ) | (155,650 | ) |
| BIOGEN IDEC,
INC., EXPIRES 1/22/05, STRIKE 60.00 | (90,500 | ) | (323,530 | ) | (642,550 | ) |
| BORGWARNER,
INC., EXPIRES 1/22/05, STRIKE 5.00 | (88,500 | ) | (161,606 | ) | (619,500 | ) |
| BOSTON
SCIENTIFIC CORP., EXPIRES 2/19/05, STRIKE 35.00 | (152,500 | ) | (446,967 | ) | (274,500 | ) |
| BOSTON
SCIENTIFIC CORP., EXPIRES 5/21/05, STRIKE 35.00 | (45,000 | ) | (147,371 | ) | (132,750 | ) |
| BP PLC ADR,
EXPIRES 4/16/05, STRIKE 60.00 | (175,500 | ) | (321,017 | ) | (236,925 | ) |
| BROADCOM
CORP., CLASS A, EXPIRES 2/19/05, STRIKE 27.50 | (142,000 | ) | (358,542 | ) | (766,800 | ) |
| CAREMARK RX,
INC., EXPIRES 3/19/05, STRIKE 30.00 | (122,500 | ) | (256,533 | ) | (1,188,250 | ) |
| CARNIVAL
CORP., EXPIRES 1/22/05, STRIKE 50.00 | (78,000 | ) | (204,745 | ) | (592,800 | ) |
| CARNIVAL
CORP., EXPIRES 4/16/05, STRIKE 55.00 | (41,000 | ) | (154,771 | ) | (188,600 | ) |
| CHESAPEAKE
ENERGY CORP., EXPIRES 4/16/05, STRIKE 15.00 | (191,500 | ) | (387,529 | ) | (392,575 | ) |
| CISCO
SYSTEMS, INC., EXPIRES 4/16/05, STRIKE 20.00 | (176,500 | ) | (238,269 | ) | (167,675 | ) |
| CITIGROUP,
INC., EXPIRES 3/19/05, STRIKE 45.00 | (107,000 | ) | (187,246 | ) | (385,200 | ) |
| COLGATE-PALMOLIVE
CO., EXPIRES 2/19/05, STRIKE 45.00 | (76,500 | ) | (143,434 | ) | (466,650 | ) |
| CONOCOPHILLIPS,
EXPIRES 2/19/05, STRIKE 85.00 | (54,000 | ) | (193,045 | ) | (199,800 | ) |
| CORNING,
INC., EXPIRES 5/21/05, STRIKE 12.50 | (656,000 | ) | (642,340 | ) | (472,320 | ) |
| COVENTRY
HEALTH CARE, INC., EXPIRES 1/22/05, STRIKE 40.00 | (43,000 | ) | (123,674 | ) | (550,400 | ) |
| CVS CORP.,
EXPIRES 2/19/05, STRIKE 45.00 | (112,500 | ) | (154,684 | ) | (163,125 | ) |
| DEERE &
CO., EXPIRES 3/19/05, STRIKE 60.00 | (60,500 | ) | (222,332 | ) | (895,400 | ) |
| E*TRADE
FINANCIAL CORP., EXPIRES 4/16/05, STRIKE 13.00 | (386,000 | ) | (424,899 | ) | (887,800 | ) |
| EMERSON
ELECTRIC CO., EXPIRES 3/19/05, STRIKE 65.00 | (113,000 | ) | (272,864 | ) | (655,400 | ) |
| ESTEE LAUDER
COS., INC. (THE), CLASS A, EXPIRES 1/22/05, STRIKE 45.00 | (161,500 | ) | (159,154 | ) | (185,725 | ) |
| ESTEE LAUDER
COS., INC. (THE), CLASS A, EXPIRES 7/16/05, STRIKE 45.00 | (10,500 | ) | (33,337 | ) | (37,800 | ) |

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| FIDELITY
NATIONAL FINANCIAL, INC., EXPIRES 1/22/05, STRIKE 40.00 | (185,500 | ) | (150,511 | ) | $ | ) |
| --- | --- | --- | --- | --- | --- | --- |
| FISHER
SCIENTIFIC INTERNATIONAL, EXPIRES 3/19/05, STRIKE 60.00 | (90,000 | ) | (223,321 | ) | (405,000 | ) |
| FLEXTRONICS
INTERNATIONAL LTD., EXPIRES 4/16/05, STRIKE 12.50 | (598,000 | ) | (702,633 | ) | (1,225,900 | ) |
| GENERAL
DYNAMICS CORP., EXPIRES 2/19/05, STRIKE 105.00 | (56,500 | ) | (161,654 | ) | (149,725 | ) |
| GENZYME
CORP., EXPIRES 1/22/05, STRIKE 55.00 | (84,000 | ) | (115,497 | ) | (285,600 | ) |
| GETTY
IMAGES, INC., EXPIRES 1/22/05, STRIKE 60.00 | (60,500 | ) | (152,959 | ) | (544,500 | ) |
| GILLETTE CO.
(THE), EXPIRES 3/19/05, STRIKE 40.00 | (125,000 | ) | (384,366 | ) | (612,500 | ) |
| GLOBALSANTAFE
CORP., EXPIRES 1/22/05, STRIKE 30.00 | (139,000 | ) | (196,470 | ) | (458,700 | ) |
| GOLDMAN
SACHS GROUP, INC., EXPIRES 1/22/05, STRIKE 100.00 | (84,500 | ) | (231,563 | ) | (422,500 | ) |
| HALLIBURTON
CO., EXPIRES 1/22/05, STRIKE 35.00 | (101,500 | ) | (322,255 | ) | (456,750 | ) |
| HALLIBURTON
CO., EXPIRES 1/22/05, STRIKE 37.50 | (18,500 | ) | (36,537 | ) | (37,925 | ) |
| HOME DEPOT,
INC. (THE), EXPIRES 2/19/05, STRIKE 42.50 | (119,500 | ) | (152,359 | ) | (161,325 | ) |
| INCO LTD.,
EXPIRES 1/22/05, STRIKE 35.00 | (111,500 | ) | (273,356 | ) | (250,875 | ) |
| INTERNATIONAL
BUSINESS MACHINES CORP., EXPIRES 1/22/05, STRIKE 90.00 | (58,000 | ) | (143,547 | ) | (510,400 | ) |
| IVAX CORP.,
EXPIRES 3/19/05, STRIKE 17.50 | (238,500 | ) | (431,766 | ) | (166,950 | ) |
| JABIL
CIRCUIT, INC., EXPIRES 3/19/05, STRIKE 25.00 | (215,500 | ) | (426,329 | ) | (463,325 | ) |
| JONES
APPAREL GROUP, INC., EXPIRES 2/19/05, STRIKE 35.00 | (100,500 | ) | (189,547 | ) | (226,125 | ) |
| L-3
COMMUNICATIONS HOLDINGS, INC., EXPIRES 1/22/05, STRIKE 65.00 | (66,500 | ) | (239,162 | ) | (571,900 | ) |
| LAMAR
ADVERTISING CO., EXPIRES 1/22/05, STRIKE 40.00 | (67,500 | ) | (196,555 | ) | (189,000 | ) |
| LINEAR
TECHNOLOGY CORP., EXPIRES 2/19/05, STRIKE 37.50 | (62,500 | ) | (176,558 | ) | (143,750 | ) |
| MARATHON OIL
CORP., EXPIRES 4/16/05, STRIKE 40.00 | (124,000 | ) | (183,181 | ) | (99,200 | ) |
| MAXIM
INTEGRATED PRODUCTS, INC., EXPIRES 2/19/05, STRIKE 45.00 | (76,000 | ) | (216,093 | ) | (68,400 | ) |
| MEDCO HEALTH
SOLUTIONS, INC., EXPIRES 1/22/05, STRIKE 35.00 | (204,000 | ) | (288,394 | ) | (1,387,200 | ) |
| MEDIMMUNE,
INC., EXPIRES 3/19/05, STRIKE 27.50 | (192,500 | ) | (524,916 | ) | (250,250 | ) |
| MGIC
INVESTMENT CORP., EXPIRES 1/22/05, STRIKE 65.00 | (71,500 | ) | (248,457 | ) | (393,250 | ) |
| MICROCHIP
TECHNOLOGY, INC., EXPIRES 1/22/05, STRIKE 30.00 | (219,000 | ) | (498,213 | ) | (10,950 | ) |
| MICROSOFT
CORP., EXPIRES 4/16/05, STRIKE 27.00 | (73,500 | ) | (104,735 | ) | (66,150 | ) |
| NEWMONT
MINING CORP., EXPIRES 3/19/05, STRIKE 47.50 | (115,000 | ) | (443,453 | ) | (149,500 | ) |
| NIKE, INC.,
CLASS B, EXPIRES 1/22/05, STRIKE 80.00 | (93,500 | ) | (362,304 | ) | (1,056,550 | ) |
| NOBLE
ENERGY, INC., EXPIRES 2/19/05, STRIKE 60.00 | (51,000 | ) | (104,547 | ) | (173,400 | ) |
| NORTH FORK
BANCORPORATION, INC., EXPIRES 2/19/05, STRIKE 30.00 | (166,500 | ) | (131,643 | ) | (33,300 | ) |
| NORTHROP
GRUMMAN CORP., EXPIRES 2/19/05, STRIKE 52.50 | (112,500 | ) | (182,808 | ) | (309,375 | ) |
| ORACLE
CORP., EXPIRES 3/19/05, STRIKE 14.00 | (218,000 | ) | (172,216 | ) | (130,800 | ) |
| PAYCHEX,
INC., EXPIRES 3/19/05, STRIKE 32.50 | (223,000 | ) | (451,610 | ) | (490,600 | ) |
| PEPSICO, INC.,
EXPIRES 1/22/05, STRIKE 50.00 | (92,000 | ) | (112,697 | ) | (253,000 | ) |
| PFIZER,
INC., EXPIRES 3/19/05, STRIKE 30.00 | (276,500 | ) | (324,880 | ) | (96,775 | ) |
| POLO RALPH
LAUREN CORP., EXPIRES 1/22/05, STRIKE 35.00 | (115,000 | ) | (353,690 | ) | (874,000 | ) |
| QUEST
DIAGNOSTICS, INC., EXPIRES 2/19/05, STRIKE 85.00 | (37,500 | ) | (194,058 | ) | (397,500 | ) |
| SAP AG ADR,
EXPIRES 3/19/05, STRIKE 42.50 | (223,500 | ) | (666,247 | ) | (692,850 | ) |

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| SEPRACOR,
INC., EXPIRES 1/22/05, STRIKE 47.50 | (119,500 | ) | (350,139 | ) | $ | ) |
| --- | --- | --- | --- | --- | --- | --- |
| SOVEREIGN
BANCORPORATION, INC., EXPIRES 4/16/05, STRIKE 22.50 | (99,500 | ) | (89,961 | ) | (109,450 | ) |
| SPRINT
CORP., EXPIRES 2/19/05, STRIKE 20.00 | (204,000 | ) | (327,535 | ) | (979,200 | ) |
| SWIFT
TRANSPORTATION CO., INC., EXPIRES 4/16/05, STRIKE 20.00 | (359,000 | ) | (481,369 | ) | (897,500 | ) |
| SYMANTEC
CORP., EXPIRES 1/22/05, STRIKE 27.50 | (72,000 | ) | (179,096 | ) | (29,520 | ) |
| SYNOVUS
FINANCIAL CORP., EXPIRES 5/21/05, STRIKE 25.00 | (89,500 | ) | (223,879 | ) | (358,000 | ) |
| TARGET
CORP., EXPIRES 1/22/05, STRIKE 50.00 | (77,000 | ) | (157,269 | ) | (180,950 | ) |
| TIME WARNER,
INC., EXPIRES 1/22/05, STRIKE 16.00 | (206,500 | ) | (201,333 | ) | (702,100 | ) |
| TYCO
INTERNATIONAL LTD., EXPIRES 1/22/05, STRIKE 30.00 | (57,700 | ) | (139,919 | ) | (340,430 | ) |
| TYCO
INTERNATIONAL LTD., EXPIRES 1/22/05, STRIKE 32.50 | (31,000 | ) | (44,174 | ) | (102,300 | ) |
| UNIVISION
COMMUNICATIONS, INC., CLASS A, EXPIRES 3/19/05, STRIKE 30.00 | (203,500 | ) | (551,341 | ) | (305,250 | ) |
| VERITAS
SOFTWARE CORP., EXPIRES 2/19/05, STRIKE 22.50 | (395,000 | ) | (681,359 | ) | (2,528,000 | ) |
| WALGREEN
CO., EXPIRES 1/22/05, STRIKE 35.00 | (136,000 | ) | (254,994 | ) | (503,200 | ) |
| WALT DISNEY
CO. (THE), EXPIRES 7/16/05, STRIKE 27.50 | (273,100 | ) | (498,396 | ) | (546,200 | ) |
| WATSON
PHARMACEUTICALS, INC., EXPIRES 2/19/05, STRIKE 30.00 | (195,000 | ) | (204,189 | ) | (624,000 | ) |
| WATSON
PHARMACEUTICALS, INC., EXPIRES 5/21/05, STRIKE 35.00 | (93,000 | ) | (115,438 | ) | (139,500 | ) |
| WELLPOINT,
INC., EXPIRES 3/19/05, STRIKE 80.00 | (44,500 | ) | (222,864 | ) | (1,570,850 | ) |
| WELLS FARGO
& CO., EXPIRES 1/22/05, STRIKE 60.00 | (74,000 | ) | (94,348 | ) | (192,400 | ) |
| WHOLE FOODS MARKET,
INC., EXPIRES 2/19/05, STRIKE 80.00 | (61,500 | ) | (355,154 | ) | (965,550 | ) |
| WILLIAMS
CO., INC. (THE), EXPIRES 5/21/05, STRIKE 17.50 | (290,500 | ) | (241,674 | ) | (232,400 | ) |
| WYETH CORP.,
EXPIRES 1/22/05, STRIKE 40.00 | (157,000 | ) | (200,170 | ) | (455,300 | ) |
| TOTAL | | | $ (24,854,853 | ) | $ (45,365,845 | ) |

*Written options*

	Calls — Principal Amounts of Contracts (000’s omitted)		Premiums
Outstanding,
beginning of period	—		$ —
Options
written	141,211		26,138,254
Options
closed	(5,320	)	(1,223,262	)
Options
exercised	(248	)	(60,139	)
Options
expired	—		—
Options sold	—		—
Outstanding,
end of period	135,643		$ 24,854,853

At December 31, 2004, the Fund had sufficient cash and/or securities to cover commitments under these contracts.

9

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The cost and unrealized appreciation (depreciation) in value of the investments owned at December 31, 2004 as computed on a federal income tax basis, were as follows:

| Aggregate
cost | $ | |
| --- | --- | --- |
| Gross unrealized
appreciation | $ 65,121,254 | |
| Gross
unrealized depreciation | (7,429,314 | ) |
| Net
unrealized appreciation | $ 57,691,940 | |

10

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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.

SEQ.=1,FOLIO='',FILE='C:\JMS\ssrinev\05-3045-1\task326552\3045-1-ga.htm',USER='ssriram',CD='Mar 1 16:28 2005'

*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 | |
| --- | --- |
| By: | /S/ Duncan
Richardson |
| | Duncan
Richardson |
| | President and
Principal Executive Officer |
| Date: | February 16,
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: | /S/
Duncan Richardson |
| --- | --- |
| | Duncan
Richardson |
| | President and
Principal Executive Officer |
| Date: | February 16,
2005 |
| By: | /S/ James
l. O’Connor |
| | James L. O’Connor |
| | Treasurer and
Principal Financial Officer |
| Date: | February 16,
2005 |

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