<SEC-DOCUMENT>0000940394-19-001599.txt : 20191205
<SEC-HEADER>0000940394-19-001599.hdr.sgml : 20191205
<ACCEPTANCE-DATETIME>20191205085842
ACCESSION NUMBER:		0000940394-19-001599
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20191205
DATE AS OF CHANGE:		20191205
EFFECTIVENESS DATE:		20191205

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Eaton Vance Tax-Managed Diversified Equity Income Fund
		CENTRAL INDEX KEY:			0001340736
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-229445
		FILM NUMBER:		191269549

	BUSINESS ADDRESS:	
		STREET 1:		TWO INTERNATIONAL PLACE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		617-482-8260

	MAIL ADDRESS:	
		STREET 1:		TWO INTERNATIONAL PLACE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Eaton Vance Tax-Managed Premium & Dividend Income Fund
		DATE OF NAME CHANGE:	20051110

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Eaton Vance Tax-Managed Premium & Income Opportunities Fund
		DATE OF NAME CHANGE:	20051005
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>etysupp.htm
<DESCRIPTION>EATON VANCE TAX-MANAGED DIVERSIFIED EQUITY INCOME FUND PRO AND SAI SUPP DTD 12-5-2019
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 9pt 0 0; text-align: center"><B>EATON VANCE TAX-MANAGED DIVERSIFIED
EQUITY INCOME FUND</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 9pt 0 0; text-align: center"><B>Supplement to Prospectus dated May
9, 2019</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 6pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0"><B>The following replaces the third paragraph under &ldquo;The
Adviser&rdquo; in &ldquo;Management of the Fund&rdquo; in the Prospectus<FONT STYLE="font-size: 11pt">:</FONT></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0">Michael A. Allison and G.R. Nelson are responsible for managing
the Fund&rsquo;s overall investment program. Mr. Allison is a Vice President of Eaton Vance and has been portfolio manager of the
Fund since November 2006. <FONT STYLE="color: windowtext">Mr. Nelson is a Vice President of Eaton Vance, has been employed by Eaton
Vance for more than five years and has been a portfolio manager of the Fund since December 2019. </FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 3pt 0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 49%; padding-top: 6pt; padding-bottom: 3pt; font: 10pt NewsGoth Dm BT"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">December 5, 2019</FONT></TD>
    <TD STYLE="width: 51%; padding-top: 6pt; padding-bottom: 3pt; text-align: right; font: 10pt NewsGoth Dm BT">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0 0">&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 9pt 0 0; text-align: center"><B>EATON VANCE TAX-MANAGED DIVERSIFIED
EQUITY INCOME FUND</B></P>

<P STYLE="font: 10pt/101% Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.1pt; text-align: center"><FONT STYLE="letter-spacing: -0.05pt"><B>Supplement
to Statement of Additional Information dated </B></FONT><B>May 9, 2019</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.5pt 0 3pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0"><B>The following is added to the tables under &ldquo;Portfolio
Managers.&rdquo; in &ldquo;Investment Advisory and Other Services&rdquo;:</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt NewsGoth XCn BT; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 31%; padding: 3pt 5.4pt 3pt 2.9pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">Number of<BR>
All Accounts</FONT></TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">Total Assets of<BR>
All Accounts</FONT></TD>
    <TD STYLE="width: 20%; border-bottom: Black 1pt solid; padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">Number of Accounts<BR>
Paying a Performance Fee</FONT></TD>
    <TD STYLE="width: 20%; border-bottom: Black 1pt solid; padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">Total Assets of Accounts<BR>
Paying a Performance Fee</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt 3pt 13.7pt; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">G.R. Nelson<SUP>(1)</SUP></FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt 3pt 2.9pt; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">Registered Investment Companies</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">$0</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">$0</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt 3pt 2.9pt; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">Other Pooled Investment Vehicles</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">$0</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">$0</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt 3pt 2.9pt; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">Other Accounts</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">1</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">$1.3</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">$0</FONT></TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt/10pt Arial Narrow, Helvetica, Sans-Serif; margin-top: 3pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><SUP>(1)</SUP></TD><TD><FONT STYLE="vertical-align: baseline">As of October 31, 2019</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt NewsGoth XCn BT; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 27%; border-bottom: Black 1pt solid; padding: 3pt 5.4pt 3pt 2.9pt; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">Portfolio Manager</FONT></TD>
    <TD STYLE="width: 37%; border-bottom: Black 1pt solid; padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">Dollar Range of Equity Securities<BR>
Beneficially Owned in the Fund<SUP>(1)</SUP></FONT></TD>
    <TD STYLE="width: 36%; border-bottom: Black 1pt solid; padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">Aggregate Dollar Range of Equity<BR>
Securities Beneficially Owned<BR>
in the Eaton Vance Family of Funds<SUP>(2)</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt 3pt 2.9pt; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">G.R. Nelson<SUP>(1)</SUP></FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">None</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">$500,001 - $1,000,000</FONT></TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt/10pt Arial Narrow, Helvetica, Sans-Serif; margin-top: 3pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><SUP>(1)</SUP></TD><TD><FONT STYLE="vertical-align: baseline">As of October 31, 2019</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt/10pt Arial Narrow, Helvetica, Sans-Serif; margin-top: 3pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 9pt"><SUP>(2)</SUP></TD><TD><FONT STYLE="vertical-align: baseline">As of December 31, 2018</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 7.25pt 0 3pt"><FONT STYLE="letter-spacing: -0.05pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 7.25pt 0 3pt"><FONT STYLE="letter-spacing: -0.05pt">December 5, 2019</FONT></P>


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