<SEC-DOCUMENT>0000940394-23-000820.txt : 20230526
<SEC-HEADER>0000940394-23-000820.hdr.sgml : 20230526
<ACCEPTANCE-DATETIME>20230526091347
ACCESSION NUMBER:		0000940394-23-000820
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230526
DATE AS OF CHANGE:		20230526

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Eaton Vance Tax-Managed Diversified Equity Income Fund
		CENTRAL INDEX KEY:			0001340736
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-262833
		FILM NUMBER:		23963346

	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>424B3
<SEQUENCE>1
<FILENAME>etysupp.htm
<DESCRIPTION>EATON VANCE TAX-MANAGED DIVERSIFIED EQUITY INCOME FUND (ETY) SUPPLEMENTS DTD 5-26-2023
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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 February 18,
2022</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0"><B>1. The following replaces the fifth 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: 0">Charles B. Gaffney and Douglas R. Rogers, CFA, CMT are responsible for the
overall and day-to-day management of the Fund&rsquo;s investments. Messrs. Gaffney and Rogers are Vice Presidents of Eaton Vance, have
managed other Eaton Vance portfolios for more than five years, and have been portfolio managers of the Fund since May 2023.</P>

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

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    <TD STYLE="width: 53%; padding-top: 6pt; padding-bottom: 3pt; font: 10pt NewsGoth Dm BT"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">May 26, 2023</FONT></TD>
    <TD STYLE="width: 47%; 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: 9pt/101% Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.1pt; text-align: center"><FONT STYLE="font-size: 10pt; letter-spacing: -0.05pt; line-height: 101%"><B>Supplement
to Statement of Additional Information dated </B></FONT><B>February 18, 2022</B></P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0"><B>The following replaces 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"><B>&nbsp;</B></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: 28%; padding: 3pt 5.4pt; text-align: left; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="width: 14%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt/10pt Arial Narrow, Helvetica, Sans-Serif; margin: 0; text-align: center">Number of</P>
    <P STYLE="font: 9pt/10pt Arial Narrow, Helvetica, Sans-Serif; margin: 0; text-align: center"><U>All Accounts</U></P></TD>
    <TD STYLE="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt/10pt Arial Narrow, Helvetica, Sans-Serif; margin: 0; text-align: center">Total Assets of</P>
    <P STYLE="font: 9pt/10pt Arial Narrow, Helvetica, Sans-Serif; margin: 0; text-align: center"><U>All Accounts</U></P></TD>
    <TD STYLE="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt/10pt Arial Narrow, Helvetica, Sans-Serif; margin: 0; text-align: center">Number of Accounts</P>
    <P STYLE="font: 9pt/10pt Arial Narrow, Helvetica, Sans-Serif; margin: 0; text-align: center"><U>Paying a Performance Fee</U></P></TD>
    <TD STYLE="width: 22%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 9pt/10pt Arial Narrow, Helvetica, Sans-Serif; margin: 0; text-align: center">Total Assets of Accounts</P>
    <P STYLE="font: 9pt/10pt Arial Narrow, Helvetica, Sans-Serif; margin: 0; text-align: center"><U>Paying a Performance Fee</U></P></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">Charles B. Gaffney<SUP>(1)(3)</SUP></FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; 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">6</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">$3,884.0</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">$ 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">$&#9;0</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">$ 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">0</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">$&#9;0</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">$ 0</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt 5.4pt 3pt 13.7pt; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">Douglas R. Rogers<SUP>(1)(2)(3)</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>
    <TD STYLE="vertical-align: top; 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="vertical-align: bottom; padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">6</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt NewsGoth Lt BT; padding: 3pt 5.4pt; text-align: center"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif; font-size: 9pt">$2,125.5</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt NewsGoth Lt BT; padding: 3pt 5.4pt; text-align: center"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif; font-size: 9pt">0</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">$ 0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; 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="vertical-align: bottom; padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">1</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt NewsGoth Lt BT; padding: 3pt 5.4pt; text-align: center"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif; font-size: 9pt">$15.2</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt NewsGoth Lt BT; padding: 3pt 5.4pt; text-align: center"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif; font-size: 9pt">0</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">$ 0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; 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="vertical-align: bottom; padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">5</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt NewsGoth Lt BT; padding: 3pt 5.4pt; text-align: center"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif; font-size: 9pt">$43.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt NewsGoth Lt BT; padding: 3pt 5.4pt; text-align: center"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif; font-size: 9pt">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 3pt 5.4pt; text-align: center; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">$ 0</FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt/10pt NewsGoth XCn BT; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif"><SUP>(1)</SUP></FONT></TD><TD><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">This portfolio manager serves as portfolio manager of one or more registered
investment companies that invests or may invest in one or more underlying registered investment companies in the Eaton Vance family of
funds or other pooled investment vehicles sponsored by Eaton Vance. The underlying investment companies may be managed by this portfolio
manager or another portfolio manager.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif"><SUP>(2)</SUP></FONT></TD><TD><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">This portfolio manager may provide advisory services for certain of
the &ldquo;Other Accounts&rdquo; on a nondiscretionary or model basis. For &ldquo;Other Accounts&rdquo; that are part of a wrap account
program, the number of accounts is the number of sponsors for which the portfolio manager provides advisory services rather than the number
of individual customer accounts within each wrap account program. The assets managed may include assets advised on a nondiscretionary
or model basis.</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt/10pt Arial Narrow, Helvetica, Sans-Serif; margin: 0; text-indent: 0in"><SUP>(3)</SUP>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
of March 31, 2023</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 12pt 0">The following table shows the dollar range of Fund shares beneficially
owned by each portfolio manager as of March 31, 2023 and in the Eaton Vance family of funds as of December 31, 2022.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 9pt NewsGoth XCn BT; width: 80%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 28%; 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: 35%; 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</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">Aggregate Dollar Range of Equity<BR>
Securities Beneficially Owned<BR>
in all Registered Funds in<BR>
the Eaton Vance Family of Funds</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">Charles B. Gaffney</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">Over $1,000,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt 5.4pt 3pt 2.9pt; line-height: 10pt"><FONT STYLE="font-family: Arial Narrow, Helvetica, Sans-Serif">Douglas R. Rogers</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">$100,001 - $500,000</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt/101% Arial, Helvetica, Sans-Serif; margin: 0 5.85pt 0 0">&nbsp;</P>

<P STYLE="font: 9pt/101% Arial, Helvetica, Sans-Serif; margin: 0 5.85pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 7.25pt 0 3pt"><FONT STYLE="letter-spacing: -0.05pt">May 26, 2023</FONT></P>


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