Eaton Vance Municipal Income Trust

Regulatory Filings • Oct 30, 2006

N-Q 1 a06-20646_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 | 811-09141 |
| --- | --- |
| Eaton Vance Municipal Income Trust | |
| (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: | November 30 |
| Date of Reporting Period: | August 31,
2006 |

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Item 1. Schedule of Investments

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Eaton Vance Municipal Income Trust as of August 31, 2006

PORTFOLIO OF INVESTMENTS (Unaudited)

Tax-Exempt Investments — 147.4%

Principal
Amount
(000’s omitted)	Security	Value
Cogeneration
— 1.1%
$ 2,950	Maryland Energy
Cogeneration, (AES Warrior Run), (AMT), 7.40%, 9/1/19	$ 2,982,361
		$ 2,982,361
Education
— 2.5%
2,250	California Educational
Facilities Authority, (Stanford University), Residual Certificates, Variable
Rate, 10.11%, 12/1/32 (1)(2)	2,757,015
3,430	Massachusetts
Development Finance Agency, (Boston University), 5.45%, 5/15/59	3,775,572
		$ 6,532,587
Electric
Utilities — 11.0%
6,500	Brazos River Authority,
TX, (Reliant Energy, Inc.), 7.75%, 12/1/18	6,944,795
1,300	Brazos River Authority,
TX, Pollution Control Revenue (Texas Energy Co.), (AMT), 5.40%, 5/1/29	1,345,500
2,000	Brazos River Authority,
TX, Pollution Control Revenue (Texas Energy Co.), (AMT), 6.75%, 4/1/38	2,227,120
3,550	Mississippi Business
Finance Corp., (System Energy Resources, Inc.), 5.90%, 5/1/22	3,555,822
7,250	North Carolina Municipal
Power Agency, (Catawba), 6.50%, 1/1/20	7,869,875
1,000	Pennsylvania Economic
Development Authority, (Reliant Energy, Inc.), (AMT), 6.75%, 12/1/36	1,074,210
3,400	Pennsylvania Economic
Development Authority, (Reliant Energy, Inc.), (AMT), 6.75%, 12/1/36	3,652,314
2,550	Pennsylvania Economic
Development Authority, (Reliant Energy, Inc.), (AMT), 6.75%, 12/1/36	2,739,235
		$ 29,408,871
Escrowed
/ Prerefunded — 11.3%
3,000	Capital Trust Agency,
FL, (Seminole Tribe Convention), Prerefunded to 10/1/12, 8.95%,
10/1/33 (1)	3,704,580
35,000	Dawson Ridge, CO,
Metropolitan District #1, Escrowed to Maturity, 0.00%, 10/1/22	17,055,500
3,185	Florida Capital Projects
Finance Authority, Student Housing Revenue, (Florida University), Prerefunded
to 8/15/10, 7.75%, 8/15/20	3,641,570
1,000	Halifax, FL, Medical
Center, Prerefunded to 10/1/10, 7.25%, 10/1/24	1,147,490
1,400	Mesquite, TX, Health
Facilities Authority, (Christian Retirement Facility), Prerefunded to
2/15/10, 7.625%, 2/15/28	1,584,380

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| $ | Wisconsin
Health & Educational Facilities Authority, (Wisconsin Illinois
Senior Housing), Prerefunded to 8/1/09, 7.00%, 8/1/29 | $ |
| --- | --- | --- |
| | | $ 30,145,784 |
| General
Obligations — 3.2% | | |
| 1,500 | California, 5.25%,
11/1/29 | 1,592,220 |
| 4,950 | California, 5.50%,
11/1/33 | 5,411,637 |
| 1,200 | New York City, NY,
Variable Rate, 6.838%, 6/1/28 (1)(2) | 1,412,352 |
| | | $ 8,416,209 |
| Health
Care-Miscellaneous — 1.1% | | |
| 576 | Tax Exempt Securities
Trust, Community Health Provider, Pooled Loan Program, 6.00%, 12/1/36 | 597,329 |
| 1,521 | Tax Exempt Securities
Trust, Community Health Provider, Pooled Loan Program, 6.25%, 12/1/36 | 1,618,694 |
| 577 | Tax Exempt Securities
Trust, Community Health Provider, Pooled Loan Program, 7.75%, 12/1/36 | 601,426 |
| | | $ 2,817,449 |
| Hospital
— 18.6% | | |
| 2,000 | Brevard County, FL,
Health Facilities Authority, (Health First, Inc.), 5.00%, 4/1/36 | 2,045,020 |
| 5,000 | California Statewide
Communities Development Authority, (Kaiser Permanente), 5.25%, 3/1/45 | 5,226,300 |
| 600 | Camden County, NJ,
Improvement Authority, (Cooper Health System), 5.00%, 2/15/25 | 614,322 |
| 1,260 | Camden County, NJ,
Improvement Authority, (Cooper Health System), 5.00%, 2/15/35 | 1,279,417 |
| 1,200 | Camden County, NJ,
Improvement Authority, (Cooper Health System), 5.25%, 2/15/27 | 1,252,824 |
| 865 | Chautauqua County, NY,
Industrial Development Agency, (Women’s Christian Association), 6.35%,
11/15/17 | 909,297 |
| 975 | Chautauqua County, NY,
Industrial Development Agency, (Women’s Christian Association), 6.40%,
11/15/29 | 1,019,577 |
| 6,000 | Henderson, NV, Health
Care Facility, 5.625%, 7/1/24 | 6,455,400 |
| 2,680 | Highland County, OH,
(Joint Township Hospital District), 6.75%, 12/1/29 | 2,819,092 |
| 5,000 | Illinois Health Facility
Authority, (Loyola University Health System), 6.00%, 7/1/21 | 5,309,900 |
| 5,275 | Indiana
Health & Educational Facilities Authority, (Clarian Health
Partners), 5.00%, 2/15/36 | 5,400,650 |
| 900 | Louisiana Public
Facilities Authority, (Ochsner Clinic Foundation Project), 5.50%, 5/15/32 | 941,193 |
| 2,575 | Louisiana Public
Facilities Authority, (Tuoro Infirmary), 5.625%, 8/15/29 | 2,596,681 |
| 2,000 | Martin County, MN,
(Fairmont Community Hospital Association), 6.625%, 9/1/22 | 2,122,680 |
| 730 | Mecosta County, MI,
General Hospital, 5.75%, 5/15/09 | 746,024 |

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| $ | Mecosta County, MI,
General Hospital, 6.00%, 5/15/18 | $ |
| --- | --- | --- |
| 1,500 | New Jersey Health Care
Facilities Financing Authority, (Trinitas Hospital), 7.50%, 7/1/30 | 1,660,680 |
| 5,000 | North Central, TX,
Health Facility Development Corp., (Baylor Healthcare System), 5.125%,
5/15/29 | 5,114,900 |
| 1,370 | Oneonta, AL, Eastern
Health Care Facility Financing Authority, (Eastern Health
Systems, Inc.), 7.75%, 7/1/21 | 1,501,109 |
| | | $ 49,590,291 |
| Housing
— 13.3% | | |
| 990 | California Statewide Communities
Development Authority, (AMT), Variable Rate, 22.306%,
12/1/34 (1)(2)(3)(4) | 1,730,688 |
| 2,420 | Capital Trust Agency,
FL, (Atlantic Housing Foundation), 5.35%, 7/1/40 | 2,445,846 |
| 4,000 | Charter Mac Equity
Trust, TN, 6.00%, 4/30/19 (1) | 4,340,160 |
| 4,000 | Charter Mac Equity
Trust, TN, (AMT), 6.625%, 6/30/09 (1) | 4,220,280 |
| 2,158 | Colorado Housing and
Finance Authority, (Birchwood Manor Project), (AMT), 5.50%, 9/20/36 | 2,279,150 |
| 1,765 | Lake Creek, CO,
Affordable Housing Corp., Multifamily, 7.00%, 12/1/23 | 1,768,954 |
| 4,380 | Louisiana Public
Facilities Authority, (Eden Point), 6.25%, 3/1/34 | 4,492,128 |
| 4,000 | Muni Mae Tax-Exempt
Bond, LLC, (AMT), 6.875%, 6/30/49 (1) | 4,243,960 |
| 2,865 | North Little Rock, AR,
Residential Housing Facilities, (Parkstone Place), 6.50%, 8/1/21 | 2,918,318 |
| 3,450 | Oregon Health Authority,
(Trillium Affordable Housing), (AMT), 6.75%, 2/15/29 | 3,658,587 |
| 3,300 | Texas Student Housing
Corp., (University of Northern Texas), 6.75%, 7/1/16 | 3,320,823 |
| | | $ 35,418,894 |
| Industrial
Development Revenue — 13.1% | | |
| 1,825 | ABIA Development Corp.,
TX, (Austin Cargoport Development), (AMT), 6.50%, 10/1/24 | 1,832,146 |
| 1,617 | Broward County, FL,
Industrial Development Revenue, (Lynxs Cargoport), (AMT), 6.75%, 6/1/19 | 1,605,968 |
| 1,300 | California Pollution
Control Financing Authority, (Solid Waste Disposal), (AMT), 5.40%, 4/1/25 | 1,371,565 |
| 2,560 | Denver, CO, City and
County Special Facilities, (United Airlines), (AMT), 6.875%, 10/1/32 (3) | 2,624,000 |
| 1,220 | Effingham County, GA, (Solid
Waste Disposal), (Fort James), (AMT), 5.625%, 7/1/18 | 1,231,602 |
| 2,500 | Gulf Coast, TX, Waste
Disposal Authority, (Valero Energy Corp.), (AMT), 5.70%, 4/1/32 | 2,577,475 |
| 1,000 | Kenton County, KY,
Airport, (Delta Airlines), (AMT), 7.125%, 2/1/21 (5) | 546,810 |
| 6,000 | New Jersey Economic
Development Authority, (Continental Airlines), (AMT), 6.25%, 9/15/29 | 6,130,740 |

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| $ | New York City, NY,
Industrial Development Agency, (American Airlines, Inc.), (AMT),
Variable Rate, 7.75%, 8/1/31 | $ |
| --- | --- | --- |
| 6,000 | New York City, NY,
Industrial Development Agency, (American Airlines, Inc.-JFK
International Airport), Variable Rate, 8.00%, 8/1/28 | 7,095,960 |
| 3,500 | New York City, NY,
Industrial Development Agency, (JFK International Airport), (AMT), Variable
Rate, 8.50%, 8/1/28 | 3,990,385 |
| 4,350 | Phoenix, AZ, Industrial
Development Agency, (America West Airlines, Inc.), (AMT), 6.25%, 6/1/19 | 4,437,914 |
| | | $ 34,952,760 |
| Insured-Education
— 1.2% | | |
| 3,000 | Massachusetts
Health & Educational Facilities Authority, (Berklee College of
Music), (MBIA), Variable Rate, 6.53%, 10/1/27 (1)(6) | 3,187,950 |
| | | $ 3,187,950 |
| Insured-Electric
Utilities — 0.5% | | |
| 1,350 | Wamego, KS, Pollution
Control Revenue, (MBIA), 5.30%, 6/1/31 | 1,439,100 |
| | | $ 1,439,100 |
| Insured-General
Obligations — 13.4% | | |
| 2,625 | California, (FGIC),
Variable Rate, 10.11%, 9/1/30 (1)(2) | 3,125,483 |
| 500 | California, (FGIC),
Variable Rate, 43.80%, 12/1/29 (1)(2)(3)(4) | 1,092,990 |
| 30,160 | Chicago, IL, Board of
Education, (FGIC), 0.00%, 12/1/22 | 14,587,789 |
| 13,000 | Illinois Development
Finance Authority, (Local Government Program-Elgin School District-U46),
(FSA), 0.00%, 1/1/20 | 7,276,490 |
| 3,330 | Puerto Rico, (AGC),
Variable Rate, 8.178%, 7/1/29 (1)(2)(4) | 4,926,102 |
| 4,000 | Puerto Rico, (FSA), Variable
Rate, 6.32%, 7/1/27 (1)(2) | 4,717,560 |
| | | $ 35,726,414 |
| Insured-Hospital
— 9.4% | | |
| 19,585 | Kentucky Economic
Development Authority, (Norton Healthcare, Inc.), (MBIA), 0.00%, 10/1/25 | 8,191,818 |
| 22,320 | Kentucky Economic
Development Authority, (Norton Healthcare, Inc.), (MBIA), 0.00%, 10/1/26 | 8,950,543 |
| 10,000 | Kentucky Economic
Development Authority, (Norton Healthcare, Inc.), (MBIA), 0.00%, 10/1/27 | 3,816,000 |
| 4,000 | New Jersey Health Care
Facilities Financing Authority, (St. Barnabas Medical Center), (MBIA),
Variable Rate, 5.775%, 7/1/28 (1)(2) | 4,146,760 |
| | | $ 25,105,121 |
| Insured-Housing
— 2.0% | | |
| 4,525 | Virginia Housing
Development Authority, (MBIA), Variable Rate, 7.772%, 7/1/36 (1)(2) | 5,249,950 |
| | | $ 5,249,950 |

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| Insured-Industrial Development Revenue — 2.3% — $ 6,070 | Monroe County, GA,
Development Authority Pollution Control, (Georgia Power Co.), (AMBAC), 4.90%,
7/1/36 | $ 6,169,548 |
| --- | --- | --- |
| | | $ 6,169,548 |
| Insured-Lease
Revenue / Certificates of Participation — 0.8% | | |
| 2,145 | Jackson County, MO,
Leasehold Revenue, (Truman Sports), (AMBAC), 4.50%, 12/1/31 | 2,154,502 |
| | | $ 2,154,502 |
| Insured-Special
Tax Revenue — 1.6% | | |
| 4,100 | New York Convention
Center Development Corp., (AMBAC), 4.75%, 11/15/45 | 4,161,172 |
| | | $ 4,161,172 |
| Insured-Transportation
— 17.6% | | |
| 1,500 | Central, TX, Regional
Mobility Authority, (FGIC), 5.00%, 1/1/45 | 1,544,715 |
| 3,500 | Chicago, IL, O’Hare
International Airport, (AMBAC), (AMT), 5.375%, 1/1/32 | 3,640,875 |
| 2,983 | Dallas-Fort Worth, TX,
International Airport, (FGIC), (AMT), Variable Rate, 12.08%,
5/1/10 (1)(2) | 3,707,093 |
| 25,500 | E-470 Public
Highway Authority, CO, (MBIA), 0.00%, 3/1/36 | 5,439,150 |
| 2,400 | Massachusetts Turnpike
Authority, Metropolitan Highway System, (MBIA), Variable Rate, 6.594%, 1/1/37 (1)(2) | 2,545,632 |
| 5,000 | Minneapolis and St.
Paul, MN, Metropolitan Airport Commission, (FGIC), 5.25%, 1/1/32 | 5,231,950 |
| 5,500 | Nevada Department of
Business and Industry, (Las Vegas Monorail), (AMBAC), 5.375%, 1/1/40 | 5,710,870 |
| 2,000 | Puerto Rico Highway and
Transportation Authority, (FSA), Variable Rate, 7.735%, 7/1/32 (1)(2) | 2,231,580 |
| 3,275 | Puerto Rico Highway and
Transportation Authority, RITES, (CIFG), Variable Rate, 7.431%,
7/1/41 (1)(2)(4) | 4,745,999 |
| 7,000 | San Antonio, TX, Airport
System, (Improvements), (FGIC), (AMT), 5.25%, 7/1/21 (7) | 7,319,270 |
| 9,000 | Texas Turnpike
Authority, (Central Texas Turnpike System), (AMBAC), 0.00%, 8/15/21 | 4,639,500 |
| | | $ 46,756,634 |
| Nursing
Home — 0.8% | | |
| 2,000 | Orange County, FL,
Health Facilities Authority, (Westminster Community Care), 6.75%, 4/1/34 | 2,078,800 |
| | | $ 2,078,800 |
| Other
Revenue — 13.7% | | |
| 3,930 | California Statewide
Communities Development Authority, (East Valley Tourist Development
Authority), 8.25%, 10/1/14 (1) | 4,220,231 |
| 1,955 | Central Falls, RI,
Detention Facility Revenue, 7.25%, 7/15/35 | 2,168,095 |

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| $ | Golden State Tobacco
Securitization Corp., CA, 6.75%, 6/1/39 | $ |
| --- | --- | --- |
| 2,900 | Golden State Tobacco
Securitization Corp., CA, Variable Rate, 6.743%, 6/1/38 (1)(4)(6) | 3,555,661 |
| 1,500 | Mohegan Tribe Indians,
CT, Gaming Authority, (Public Improvements), 6.25%, 1/1/21 (1) | 1,606,920 |
| 2,300 | Northern TOB
Securitization Corp., 0.00%, 6/1/46 | 210,381 |
| 6,050 | Northern TOB
Securitization Corp., 5.00%, 6/1/46 | 5,972,318 |
| 3,900 | Puerto Rico
Infrastructure Financing Authority, Variable Rate, 12.985%,
10/1/32 (1)(2) | 5,321,745 |
| 3,208 | Santa Fe, NM, (Crow
Hobbs), 8.50%, 9/1/16 | 3,257,469 |
| 1,290 | Tobacco Settlement
Financing Corp., NJ, 6.75%, 6/1/39 | 1,448,464 |
| 3,000 | Tobacco Settlement
Financing Corp., NJ, Variable Rate, 9.894%, 6/1/39 (1)(4)(6) | 3,737,010 |
| 1,000 | Tobacco Settlement
Financing Corp., VA, Variable Rate, 6.887%, 6/1/37 (1)(2)(4) | 1,139,550 |
| 250 | Willacy County, TX,
Local Government Corp., 6.00%, 3/1/09 | 253,785 |
| | | $ 36,459,332 |
| Senior
Living / Life Care — 1.8% | | |
| 3,210 | Cliff House Trust, PA,
(AMT), 6.625%, 6/1/27 (8) | 2,255,635 |
| 3,240 | Logan County, CO,
Industrial Development Revenue, (TLC Care Choices, Inc.), 6.875%, 12/1/23 (5) | 2,663,896 |
| | | $ 4,919,531 |
| Special
Tax Revenue — 2.7% | | |
| 3,280 | Bell Mountain Ranch, CO,
Metropolitan District, 6.625%, 11/15/25 | 3,493,626 |
| 240 | Longleaf, FL, Community
Development District, 6.20%, 5/1/09 | 241,994 |
| 1,150 | New Jersey Economic
Development Finance Authority, (Cigarette Tax), 5.50%, 6/15/24 | 1,205,925 |
| 2,115 | New Jersey Economic
Development Finance Authority, (Cigarette Tax), 5.75%, 6/15/29 | 2,267,682 |
| | | $ 7,209,227 |
| Transportation
— 1.3% | | |
| 1,500 | Augusta, GA, (AMT),
5.35%, 1/1/28 | 1,561,035 |
| 1,875 | Kent County, MI, Airport
Facility, Variable Rate, 8.84%, 1/1/25 (1)(2) | 2,013,825 |
| | | $ 3,574,860 |
| Water
and Sewer — 3.1% | | |
| 3,405 | Massachusetts Water
Resources Authority, 4.00%, 8/1/46 | 3,007,126 |
| 5,250 | Metropolitan Water
District of Southern California, (Waterworks Revenue Authorization), 4.75%,
7/1/36 | 5,371,905 |
| | | $ 8,379,031 |
| Total
Tax-Exempt Investments — 147.4% (identified cost $357,021,020) | | $ 392,836,378 |

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Other Assets, Less Liabilities — 1.7%	$
Auction Preferred Shares Plus Cumulative Unpaid
Dividends — (49.1)%	$ (131,012,560	)
Net
Assets Applicable to Common Shares — 100.0%	$ 266,423,380

AGC	—	Assured Guaranty Corp.
AMBAC	—	AMBAC Financial Group, Inc.
AMT	—	Interest earned from these securities may be
considered a tax preference item for purposes of the Federal Alternative
Minimum Tax.
CIFG	—	CDC IXIS Financial Guaranty North America, Inc.
FGIC	—	Financial Guaranty Insurance Company
FSA	—	Financial Security Assurance, Inc.
MBIA	—	Municipal Bond Insurance Association

At August 31, 2006, the concentration of the Trust’s investments in the various states, determined as a percentage of net assets, is as follows:

California	14.6
Colorado	13.3 %
Illinois	11.6 %
Texas	15.9 %
Others, representing less than 10% individually	92.0 %

The Trust invests primarily in debt securities issued by municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. In order to reduce the risk associated with such economic developments, at August 31, 2006, 33.1% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution ranged from 1.2% to 10.9% of total investments.

| ( 1) | Security exempt from registration under
Rule 144A of the Securities Act of 1933. These securities may be sold in
transactions exempt from registration, normally to qualified institutional
buyers. At August 31, 2006, the aggregate value of the securities is
$83,681,076 or 31.4% of the Trust’s net assets. |
| --- | --- |
| (2) | Security has been issued as a leveraged inverse
floater bond. The stated interest rate represents the rate in effect at
August 31, 2006. |
| (3) | Security valued at fair value using methods
determined in good faith by or at the direction of the Trustees. |
| (4) | Security is subject to a shortfall agreement which
may require the Fund to pay amounts to a counterparty in the event of a
significant decline in the market value of the security. |
| (5) | Security is in default and making only partial
interest payments. |
| (6) | Security has been issued as an inverse floater bond.
The stated interest rate represents the rate in effect at August 31,
2006. |
| (7) | Security (or a portion
thereof) has been segregated to cover margin requirements on open financial
futures contracts. |
| (8) | Security is in default with respect to principal
payments. |

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A summary of financial instruments at August 31, 2006 is as follows:

Futures Contracts

Expiration — Date	Contracts	Position	Aggregate — Cost		Value	Depreciation
12/06	555 U.S. Treasury Bond	Short	$ (61,433,539	)	$ (61,639,687	)	$ (206,148	)

Interest Rate Swaps

At August 31, 2006, the Fund had entered into an interest rate swap agreement with JP Morgan Chase whereby the Fund makes bi-annual payments at a fixed rate equal to 5.77% on the notional amount of $12,000,000. In exchange the Fund receives quarterly payments at a rate equal to the three month USD-LIBOR on the same notional amount. The effective date of the interest rate swap is February 26, 2007. The value of the contract, which terminates on February 26, 2037, is recorded as a receivable for open swap contracts of $46,190 on August 31, 2006.

At August 31, 2006, the Trust had sufficient cash and/or securities to cover commitments under these contracts.

The cost and unrealized appreciation (depreciation) in value of the investments owned at August 31, 2006 as computed on a federal income tax basis, were as follows:

Aggregate cost	$
Gross unrealized
appreciation	$ 37,849,292
Gross unrealized
depreciation	(1,333,806	)
Net unrealized appreciation	$ 36,515,486

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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 Municipal Income Trust

By:	/s/ Robert B. MacIntosh
	Robert B. MacIntosh
	President and Principal Executive Officer
Date:	October 25, 2006

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/ Robert B. MacIntosh
	Robert B. MacIntosh
	President and Principal Executive Officer
Date:	October 25, 2006
By:	/s/ Barbara E. Campbell
	Barbara E. Campbell
	Treasurer and Principal Financial Officer
Date:	October 25, 2006

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