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Eaton Vance Insured California Municipal Bond Fund Eaton Vance Insured California Municipal Bond Fund is a newly organized, non-diversified, closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income tax, including alternative minimum tax, and California personal income tax. Offering Type Closed-End Fund Size of Offering 6,000,000 shares Security Common Share Expected Ticker EVM Lead Manager Salomon Smith Barney Min Purchase 100 shares Expected Yield 6.00% - 6.20% Exchange Listing AMEX Final Price $15.00 Final Date 8/28/2002 Inv Adviser Eaton Vance Management   Dividends: The Fund's initial distribution is expected to be declared approximately 45 days, and paid approximately 60 days, from the completion of this offering, depending on market conditions.   See Important Information below.

Important Information Review the complete preliminary offering prospectus by clicking on the "prospectus" button or you may contact Wedbush for a copy by calling 1 (877) 4EIBANK. Offers and sales can be made only pursuant to a prospectus. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such jurisdiction. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement becomes effective, and any such offer or indication of interest may be withdrawn and revoked without obligation or commitment of any kind, at any time prior to notice of its acceptance given after the effective date. An indication of interest in response to this advertisement will involve no obligation or commitment of any kind. Please read the prospectus carefully before you invest. It contains important information about the fund including fees, charges and expenses. If you would like a paper copy of the prospectus, please call 1-877-434-2265.