Eaton Vance Municipal Income Trust

Regulatory Filings • Apr 28, 2009

N-Q 1 b75027a1nvq.htm EATON VANCE MUNICIPAL INCOME TRUST Eaton Vance Municipal Income Trust PAGEBREAK

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

Form N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

811-09141

Investment Company Act File Number

Eaton Vance Municipal Income Trust

(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)

November 30

Date of Fiscal Year End

February 28, 2009

Date of Reporting Period

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

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Table of Contents

link2 "Item 1. Schedule of Investments"

Item 1. Schedule of Investments

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Eaton Vance Municipal Income Trust as of February 28, 2009

PORTFOLIO OF INVESTMENTS (Unaudited)

Tax-Exempt Investments — 184.2%

Principal
Amount
(000’s omitted)	Security	Value
Cogeneration — 1.5%
$ 2,950	Maryland Energy Cogeneration, (AES Warrior Run), (AMT),
7.40%, 9/1/19	$ 2,222,884
		$ 2,222,884
Education — 8.9%
$ 9,000	California Educational Facilities Authority, (Stanford
University),
5.25%, 12/1/32 (1)	$ 9,199,215
3,430	Massachusetts Development Finance Agency, (Boston University),
5.45%, 5/15/59	3,429,691
810	Rhode Island Health and Educational Building Corp., (University
of Rhode Island), 6.25%, 9/15/34	800,799
		$ 13,429,705
Electric Utilities — 4.3%
$ 1,300	Brazos River Authority, TX, Pollution Control Revenue, (Texas
Energy Co.), (AMT), 5.40%, 5/1/29	$ 562,354
2,000	Brazos River Authority, TX, Pollution Control Revenue, (Texas
Energy Co.), (AMT), 6.75%, 4/1/38	1,193,140
3,300	Brazos River Authority, TX, Pollution Control Revenue, (Texas
Energy Co.), (AMT), 8.25%, 5/1/33	1,940,895
2,550	Pennsylvania Economic Development Financing Authority, (Reliant
Energy, Inc.), (AMT), 6.75%, 12/1/36	2,037,476
1,000	Pennsylvania Economic Development Financing Authority, (Reliant
Energy, Inc.), Series A, (AMT), 6.75%, 12/1/36	799,010
		$ 6,532,875
General Obligations — 2.3%
$ 1,595	California, (AMT), 5.05%, 12/1/36	$ 1,299,287
2,350	Port Authority of Houston, TX, (Harris County), (AMT), 5.625%,
10/1/38 (1)	2,164,749
5	Port Authority of Houston, TX, (Harris County), (AMT), 5.625%,
10/1/38	4,606
		$ 3,468,642
Health Care-Miscellaneous — 1.0%
$ 333	Tax Revenue Exempt Securities Trust, Community Health Provider,
(Pooled Loan Program Various States Trust Certificates), 6.00%,
12/1/36 (2)	$ 340,068
879	Tax Revenue Exempt Securities Trust, Community Health Provider,
(Pooled Loan Program Various States Trust Certificates), 6.25%,
12/1/36 (2)	900,486
333	Tax Revenue Exempt Securities Trust, Community Health Provider,
(Pooled Loan Program Various States Trust Certificates), 7.75%,
12/1/36 (2)	341,598
		$ 1,582,152
Hospital — 13.0%
$ 430	Camden County, NJ, Improvement Authority, (Cooper Health
System), 5.00%, 2/15/25	$ 308,843
1,260	Camden County, NJ, Improvement Authority, (Cooper Health
System), 5.00%, 2/15/35	799,495
1,200	Camden County, NJ, Improvement Authority, (Cooper Health
System), 5.25%, 2/15/27	862,608
740	Chautauqua County, NY, Industrial Development Agency,
(Women’s Christian Association), 6.35%, 11/15/17	632,352
975	Chautauqua County, NY, Industrial Development Agency,
(Women’s Christian Association), 6.40%, 11/15/29	690,992
2,575	Louisiana Public Facilities Authority, (Tuoro Infirmary),
5.625%, 8/15/29	1,905,140
2,000	Martin County, MN, (Fairmont Community Hospital Association),
6.625%, 9/1/22	1,682,980
1,625	Massachusetts Health and Educational Facilities Authority,
(Caregroup, Inc.), 5.00%, 7/1/28	1,281,069
2,440	Massachusetts Health and Educational Facilities Authority,
(Caregroup, Inc.), 5.125%, 7/1/33	1,845,275
255	Mecosta County, MI, (Michigan General Hospital), 5.75%, 5/15/09	254,964
2,500	Mecosta County, MI, (Michigan General Hospital), 6.00%, 5/15/18	2,090,925
1,150	New York Dormitory Authority, (Orange Regional Medical Center),
6.125%, 12/1/29	861,787

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Principal
Amount
(000’s omitted)	Security	Value
$ 2,295	New York Dormitory Authority, (Orange Regional Medical Center),
6.25%, 12/1/37	$ 1,646,433
5,000	North Central, TX, Health Facility Development Corp., (Baylor
Healthcare System),
5.125%, 5/15/29 (3)	4,614,800
		$ 19,477,663
Housing — 28.0%
$ 1,300	California Housing Finance Agency, (AMT), 4.75%, 8/1/42	$ 930,358
410	California Housing Finance Agency, (AMT), Variable Rate,
23.849%,
8/1/38 (2)(4)(5)	87,363
4,870	California Rural Home Mortgage Finance Authority, (AMT), 5.50%,
8/1/47	4,465,108
4,000	Charter Mac Equity Trust, TN, 6.00%,
4/30/19 (2)	4,059,200
4,000	Charter Mac Equity Trust, TN, 6.625%,
6/30/09 (2)	4,035,080
2,085	Colorado Housing and Finance Authority, (Birchwood Manor
Project), (GNMA), (AMT), 5.50%, 9/20/36	1,977,435
1,425	Fairfax County, VA, Redevelopment and Housing Authority, (Cedar
Ridge), (AMT), 4.85%, 10/1/48	1,176,252
3,135	Georgia Housing and Finance Authority, (AMT), 5.25%, 12/1/37	2,818,334
1,595	Lake Creek, CO, Affordable Housing Corp., Multi-family, 7.00%,
12/1/23	1,390,186
4,000	Muni Mae Tax-Exempt Bond, LLC, 6.875%,
6/30/49 (2)	2,799,920
4,480	New Mexico Mortgage Finance Authority, (Santa Fe Senior Housing
LLC), (FNMA), (AMT), 4.70%, 8/1/45	3,816,960
2,620	North Little Rock, AR, Residential Housing Facilities,
(Parkstone Place), 6.50%, 8/1/21	2,375,999
3,545	Ohio Housing Finance Agency, (Residential Mortgage Backed
Securities), (FNMA), (GNMA), (AMT), 4.75%, 3/1/37	2,951,602
3,325	Oregon Health Authority, (Trillium Affordable Housing), (AMT),
6.75%, 2/15/29	2,651,555
4,410	Pennsylvania Housing Finance Agency, (AMT), 4.70%, 10/1/37	3,615,009
3,300	Texas Student Housing Corp., (University of Northern Texas),
6.75%, 7/1/16	2,842,191
		$ 41,992,552
Industrial Development Revenue — 30.3%
$ 1,680	ABIA Development Corp., TX, (Austin CargoPort Development),
(AMT), 6.50%, 10/1/24	$ 1,245,082
3,600	Brazos River, TX, Harbor Navigation District, (Dow Chemical
Co.), (AMT), 5.95%, 5/15/33	2,412,540
1,410	Broward County, FL, (Lynxs CargoPort), (AMT), 6.75%, 6/1/19	1,157,046
2,250	California Pollution Control Financing Authority,
(Browning-Ferris Industries, Inc.), (AMT), 6.875%, 11/1/27	2,158,538
1,300	California Pollution Control Financing Authority, (Solid Waste
Disposal), (AMT), 5.40%, 4/1/25	1,098,175
12,000	Cartersville, GA, Development Authority Sewer and Solid Waste
Disposal Facility, (Anheuser-Busch Cos., Inc.), (AMT), 5.50%,
3/1/44	8,825,880
1,775	Denver, CO, City and County Special Facilities, (United
Airlines), (AMT), 5.25%, 10/1/32	950,406
4,430	Denver, CO, City and County Special Facilities, (United
Airlines), (AMT), 5.75%, 10/1/32	2,556,509
2,500	Gulf Coast, TX, Waste Disposal Authority, (Valero Energy Corp.),
(AMT), 5.70%, 4/1/32	1,851,600
5,390	Liberty Development Corp., NY, (Goldman Sachs Group, Inc.),
5.25%, 10/1/35	4,497,254
3,000	New Jersey Economic Development Authority, (Continental
Airlines), (AMT), 6.25%, 9/15/29	1,947,180
8,140	New York, NY, Industrial Development Agency, (American Airlines,
Inc. - JFK International Airport), (AMT), 7.75%, 8/1/31	6,044,031
3,500	New York, NY, Industrial Development Agency, (American Airlines,
Inc. - JFK International Airport), (AMT), 8.50%, 8/1/28	2,832,830
4,350	Phoenix, AZ, Industrial Development Authority, (America West
Airlines, Inc.), (AMT), 6.25%, 6/1/19	2,729,146
2,110	Savannah, GA, Economic Development Authority,
(Intercat-Savannah), (AMT), 7.00%, 1/1/38	1,507,110
5,010	St. John Baptist Parish, LA, (Marathon Oil Corp.), 5.125%, 6/1/37	3,697,029
		$ 45,510,356
Insured-Electric Utilities — 1.7%
$ 3,085	California Pollution Control Financing Authority, (Pacific Gas
and Electric), (FGIC), 4.75%, 12/1/23	$ 2,567,183
		$ 2,567,183
Insured-General Obligations — 5.3%
$ 7,955	Puerto Rico, (AGC), 5.50%, 7/1/29	$ 8,032,243
		$ 8,032,243

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Principal
Amount
(000’s omitted)	Security	Value
Insured-Hospital — 16.0%
$ 16,820	Kentucky Economic Development Authority, (Norton Healthcare,
Inc.), (MBIA), 0.00%, 10/1/25	$ 5,500,813
19,165	Kentucky Economic Development Authority, (Norton Healthcare,
Inc.), (MBIA), 0.00%, 10/1/26	5,790,130
8,590	Kentucky Economic Development Authority, (Norton Healthcare,
Inc.), (MBIA), 0.00%, 10/1/27	2,402,795
10,000	New Jersey Health Care Facilities Financing Authority, (Meridian
Health Center), Series I, (AGC), 5.00%,
7/1/38 (1)	9,670,800
750	New Jersey Health Care Facilities Financing Authority, (Meridian
Health Center), Series V, (AGC),
5.00%, 7/1/38 (1)	725,310
		$ 24,089,848
Insured-Lease Revenue/Certificates of
Participation — 1.1%
$ 2,155	Hudson, NY, Yards Infrastructure Corp., (MBIA), 4.50%, 2/15/47	$ 1,603,751
		$ 1,603,751
Insured-Other Revenue — 6.4%
$ 4,210	Harris County-Houston, TX, Sports Authority, (MBIA), 0.00%,
11/15/34	$ 568,392
1,000	Kentucky Economic Development Finance Authority, (Louisville
Arena), (AGC), 6.00%, 12/1/42	1,020,890
835	New York, NY, Industrial Development Agency, (Queens Baseball
Stadium), (AMBAC), 5.00%, 1/1/31	708,832
855	New York, NY, Industrial Development Agency, (Queens Baseball
Stadium), (AMBAC), 5.00%, 1/1/36	699,552
1,590	New York, NY, Industrial Development Agency, (Queens Baseball
Stadium), (AMBAC), 5.00%, 1/1/39	1,286,183
8,355	New York, NY, Industrial Development Agency, (Yankee Stadium),
(AGC), 0.00%, 3/1/36	1,442,407
6,960	New York, NY, Industrial Development Agency, (Yankee Stadium),
(AGC), 0.00%, 3/1/37	1,122,857
2,500	New York, NY, Industrial Development Agency, (Yankee Stadium),
(AGC), 7.00%, 3/1/49	2,752,350
		$ 9,601,463
Insured-Special Tax Revenue — 9.7%
$ 30,000	Metropolitan Pier and Exposition Authority, IL, (McCormick Place
Expansion), (MBIA), 0.00%, 12/15/29	$ 9,078,300
3,775	New York Convention Center Development Corp., Hotel Occupancy
Tax, (AMBAC), 4.75%, 11/15/45	3,315,696
6,160	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/44	554,523
12,215	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/45	1,023,373
7,685	Puerto Rico Sales Tax Financing, (MBIA), 0.00%, 8/1/46	597,124
		$ 14,569,016
Insured-Student Loan — 5.9%
$ 7,940	Massachusetts Educational Financing Authority, (AMBAC), (AMT),
4.70%, 1/1/33	$ 5,843,522
3,000	New Jersey Higher Education Assistance Authority, (AGC), 6.125%,
6/1/30	2,994,360
		$ 8,837,882
Insured-Transportation — 16.4%
$ 12,425	Alameda, CA, Corridor Transportation Authority, (MBIA), 0.00%,
10/1/33	$ 2,596,452
3,500	Chicago, IL, (O’Hare International Airport), (AMBAC),
(AMT), 5.375%, 1/1/32	2,968,315
960	Dallas-Fort Worth, TX, International Airport, (MBIA),
(AMT), 6.10%, 11/1/24	961,901
375	Dallas-Fort Worth, TX, International Airport, (MBIA),
(AMT), 6.25%, 11/1/28	375,364
5,500	Director of the State of Nevada Department of Business and
Industry, (Las Vegas Monorail), (AMBAC), 5.375%, 1/1/40	1,906,960
1,000	Director of the State of Nevada Department of Business and
Industry, (Las Vegas Monorail), (AMBAC), 5.625%, 1/1/32	346,690
4,040	Massachusetts Turnpike Authority, Metropolitan Highway System,
(MBIA), 5.00%, 1/1/37	3,161,340
3,140	Miami-Dade County, FL, Aviation Revenue, (Miami International
Airport), (FSA), (AMT), 5.25%, 10/1/41	2,742,916
9,820	Puerto Rico Highway and Transportation Authority, (AGC), (CIFG),
5.25%,
7/1/41 (1)	9,507,871
		$ 24,567,809
Lease Revenue/Certificates of
Participation — 1.9%
$ 2,750	Mohave County, AZ, Industrial Development Authority, (Mohave
Prison LLC), 8.00%, 5/1/25	$ 2,851,173
		$ 2,851,173

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Principal
Amount
(000’s omitted)	Security	Value
Nursing Home — 1.0%
$ 2,000	Orange County, FL, Health Facilities Authority, (Westminster
Community Care), 6.75%, 4/1/34	$ 1,505,100
		$ 1,505,100
Other Revenue — 13.4%
$ 42,190	Buckeye Tobacco Settlement Financing Authority, OH, 0.00%, 6/1/47	$ 781,781
1,955	Central Falls, RI, Detention Facility, 7.25%, 7/15/35	1,330,710
1,535	Main Street National Gas, Inc., GA, Gas Project Revenue, 5.50%,
9/15/27	1,153,967
6,600	Michigan Tobacco Settlement Finance Authority, 6.00%, 6/1/48	3,887,994
1,350	Michigan Tobacco Settlement Finance Authority, 6.875%, 6/1/42	926,640
1,500	Mohegan Tribe Indians Gaming Authority, CT, (Public
Improvements), 6.25%,
1/1/21 (2)	994,170
2,300	Northern Tobacco Securitization Corp., AK, 0.00%, 6/1/46	44,873
160	Otero County, NM, Jail Project Revenue, 5.50%, 4/1/13	144,187
360	Otero County, NM, Jail Project Revenue, 5.75%, 4/1/18	297,328
100	Otero County, NM, Jail Project Revenue, 6.00%, 4/1/23	74,888
110	Otero County, NM, Jail Project Revenue, 6.00%, 4/1/28	78,177
8,000	Salt Verde, AZ, Financial Corp., Senior Gas Revenue, 5.00%,
12/1/37	5,161,760
2,000	Seminole Tribe, FL, Special Obligation Revenue, 5.25%,
10/1/27 (2)	1,373,000
1,365	Seminole Tribe, FL, Special Obligation Revenue, 5.50%,
10/1/24 (2)	1,002,852
6,905	Tobacco Settlement Financing Corp., VA, 0.00%, 6/1/47	125,671
2,950	Tobacco Settlement Financing Corp., VA, 5.00%, 6/1/47	1,553,322
1,415	White Earth Band of Chippewa Indians, MN, 6.375%,
12/1/26 (2)	893,473
295	Willacy County, TX, Local Government Corp., 6.00%, 9/1/10	282,386
		$ 20,107,179
Senior Living/Life Care — 3.9%
$ 3,210	Cliff House Trust, PA, (AMT), 6.625%,
6/1/27 (6)	$ 2,000,183
3,240	Logan County, CO, Industrial Development, (TLC Care Choices,
Inc.), 4.469%,
12/1/23 (7)	2,148,314
2,990	Massachusetts Development Finance Agency, (Linden Ponds, Inc.),
5.75%, 11/15/42	1,641,839
		$ 5,790,336
Special Tax Revenue — 3.6%
$ 3,280	Bell Mountain Ranch, CO, Metropolitan District, 6.625%, 11/15/25	$ 2,724,401
190	Longleaf, FL, Community Development District, 6.20%, 5/1/09	179,962
1,150	New Jersey Economic Development Authority, (Cigarette Tax),
5.50%, 6/15/24	902,969
2,115	New Jersey Economic Development Authority, (Cigarette Tax),
5.75%, 6/15/29	1,592,933
		$ 5,400,265
Transportation — 6.8%
$ 1,500	Augusta, GA, (AMT), 5.35%, 1/1/28	$ 970,185
915	Branson, MO, Regional Airport Transportation Development
District, (Branson Airport LLC), (AMT), 6.00%, 7/1/25	619,821
2,670	Branson, MO, Regional Airport Transportation Development
District, (Branson Airport LLC), (AMT), 6.00%, 7/1/37	1,642,237
7,290	Port Authority of New York and New Jersey, (AMT), 5.75%,
3/15/35 (1)	6,949,897
10	Port Authority of New York and New Jersey, (AMT), 5.75%, 3/15/35	9,533
		$ 10,191,673

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Principal
Amount
(000’s omitted)	Security	Value
Water and Sewer — 1.8%
$ 3,405	Massachusetts Water Resources Authority, 4.00%,
8/1/46 (3)	$ 2,683,923
		$ 2,683,923
Total Tax-Exempt Investments — 184.2% (identified cost $332,813,332)		$ 276,615,673
Auction Preferred Shares Plus Cumulative Unpaid
Dividends — (66.6)%		$ (100,007,643	)
Other Assets, Less Liabilities — (17.6)%		$ (26,400,260	)
Net Assets Applicable to Common
Shares — 100.0%		$ 150,207,770

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	-	CIFG Assurance North America, Inc.
FGIC	-	Financial Guaranty Insurance Company
FNMA	-	Federal National Mortgage Association
FSA	-	Financial Security Assurance, Inc.
GNMA	-	Government National Mortgage Association
MBIA	-	MBIA Insurance Corp. of Illinois
At February 28, 2009, the concentration of the Fund’s
investments in the various states, determined as a percentage of
total investments, is as follows:
		New York	13.4%
		Others, representing less than 10% individually	86.6%
The Fund 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
February 28, 2009, 33.9% 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 0.9% to 13.5% of
total investments.
(1)		Security represents the underlying municipal bond of a tender
option bond trust.
(2)		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 February 28, 2009, the aggregate
value of these securities is $16,827,210 or 11.2% of the
Fund’s net assets applicable to common shares.
(3)		Security (or a portion thereof) has been pledged as collateral
for open swap contracts or inverse floating-rate security
transactions.
(4)		Security has been issued as a leveraged inverse floater bond.
The stated interest rate represents the rate in effect at
February 28, 2009.
(5)		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
underlying the inverse floater. In case of a shortfall, the
maximum potential amount of payments the Fund could ultimately
be required to make under the agreement is $1,640,000. However,
such shortfall payment would be reduced by the proceeds from the
sale of the security underlying the inverse floater.
(6)		Security is in default with respect to scheduled principal
payments.
(7)		Security is in default and is making only partial interest
payments.

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A summary of financial instruments outstanding at February 28, 2009 is as follows:

Interest Rate Swaps

	Notional	Annual — Fixed Rate	Floating — Rate	Effective Date/ — Termination	Net Unrealized
Counterparty	Amount	Paid By Fund	Paid To Fund	Date	Depreciation
JPMorgan Chase Co.	$ 5,475,000	4.743 %	3-month USD- LIBOR-BBA	September 14, 2009 / September 14, 2039	$ (1,215,127	)

The effective date represents the date on which the Fund and the counterparty to the interest rate swap contract begin interest payment accruals.

At February 28, 2009, the Fund had sufficient cash and/or securities to cover commitments under these contracts.

The Fund is subject to interest rate risk in the normal course of pursuing its investment objectives. Because the Fund holds fixed-rate bonds, the value of these bonds may decrease if interest rates rise. To hedge against this risk, the Fund may enter into interest rate swap contracts. The Fund may also purchase and sell U.S. Treasury futures contracts to hedge against changes in interest rates.

At February 28, 2009, the aggregate fair value of derivative instruments in an asset position and in a liability position and whose primary underlying risk exposure is interest rate risk was none and $1,215,127, respectively.

The cost and unrealized appreciation (depreciation) of investments of the Fund at February 28, 2009, as determined on a federal income tax basis, were as follows:

Aggregate cost	$
Gross unrealized appreciation	$ 4,102,256
Gross unrealized depreciation	(60,441,008	)
Net unrealized depreciation	$ (56,338,752	)

Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157 (FAS 157), “Fair Value Measurements”, established a three-tier hierarchy to prioritize the assumptions, referred to as inputs, 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.

At February 28, 2009, the inputs used in valuing the Fund’s investments, which are carried at value, were as follows:

	Valuation Inputs	Investments in — Securities	Other Financial — Instruments*
Level 1	Quoted Prices	$ —	$ —
Level 2	Other Significant Observable Inputs	276,615,673	(1,215,127	)
Level 3	Significant Unobservable Inputs	—	—
Total		$ 276,615,673	$ (1,215,127	)

• Other financial instruments are swap contracts not reflected in the Portfolio of Investments, which are valued at the unrealized appreciation (depreciation) on the instrument.

The Fund held no investments or other financial instruments as of November 30, 2008 whose fair value was determined using Level 3 inputs.

For information on the Fund’s policy regarding 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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BEGIN PAGE WIDTH 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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BEGIN PAGE WIDTH 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 Municipal Income Trust

By:	/s/ Robert B. MacIntosh
	Robert B. MacIntosh
	President
Date:	April 24, 2009

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
Date:	April 24, 2009

By:	/s/ Barbara E. Campbell
	Barbara E. Campbell
	Treasurer
Date:	April 24, 2009

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