<SEC-DOCUMENT>0001752724-22-060350.txt : 20220314
<SEC-HEADER>0001752724-22-060350.hdr.sgml : 20220314
<ACCEPTANCE-DATETIME>20220314164347
ACCESSION NUMBER:		0001752724-22-060350
CONFORMED SUBMISSION TYPE:	N-CEN
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20211231
FILED AS OF DATE:		20220314
DATE AS OF CHANGE:		20220314
EFFECTIVENESS DATE:		20220314

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Eaton Vance Tax-Managed Buy-Write Opportunities Fund
		CENTRAL INDEX KEY:			0001322436
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-CEN
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21735
		FILM NUMBER:		22737192

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CEN
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/ncen" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0404</schemaVersion>
  <headerData>
    <submissionType>N-CEN</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001322436</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
        <fileNumber>811-21735</fileNumber>
      </filer>
      <flags>
        <returnCopyFlag>false</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-2</investmentCompanyType>
    </filerInfo>
  </headerData>
  <formData>
    <generalInfo reportEndingPeriod="2021-12-31" isReportPeriodLt12="N"/>
    <registrantInfo>
      <registrantFullName>Eaton Vance Tax-Managed Buy-Write Opportunities Fund</registrantFullName>
      <investmentCompFileNo>811-21735</investmentCompFileNo>
      <registrantCik>0001322436</registrantCik>
      <registrantLei>549300K03NZO4ZHC3H11</registrantLei>
      <registrantstreet1>TWO INTERNATIONAL PLACE</registrantstreet1>
      <registrantcity>BOSTON</registrantcity>
      <registrantzipCode>02110</registrantzipCode>
      <registrantstate>US-MA</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>617-482-8260</registrantphoneNumber>
      <websites>
        <website webpage="www.eatonvance.com"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>State Street Bank and Trust Company</officeName>
          <officeAddress1>1 Lincoln Street</officeAddress1>
          <officeCity>Boston</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-MA"/>
          <officeRecordsZipCode>02111</officeRecordsZipCode>
          <officePhone>617-786-3000</officePhone>
          <booksRecordsDesc>Custody and Accounting Records.</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>N</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <registrantFamilyInvComp isRegistrantFamilyInvComp="Y" familyInvCompFullName="EatonVance"/>
      <registrantClassificationType>N-2</registrantClassificationType>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName>William H. Park</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-08876"/>
            <fileNumberInfo fileNumber="811-22350"/>
            <fileNumberInfo fileNumber="811-21323"/>
            <fileNumberInfo fileNumber="811-21745"/>
            <fileNumberInfo fileNumber="811-01241"/>
            <fileNumberInfo fileNumber="811-09141"/>
            <fileNumberInfo fileNumber="811-09157"/>
            <fileNumberInfo fileNumber="811-21142"/>
            <fileNumberInfo fileNumber="811-02258"/>
            <fileNumberInfo fileNumber="811-21470"/>
            <fileNumberInfo fileNumber="811-08134"/>
            <fileNumberInfo fileNumber="811-22714"/>
            <fileNumberInfo fileNumber="811-22336"/>
            <fileNumberInfo fileNumber="811-23240"/>
            <fileNumberInfo fileNumber="811-08464"/>
            <fileNumberInfo fileNumber="811-01545"/>
            <fileNumberInfo fileNumber="811-23151"/>
            <fileNumberInfo fileNumber="811-21147"/>
            <fileNumberInfo fileNumber="811-09837"/>
            <fileNumberInfo fileNumber="811-21614"/>
            <fileNumberInfo fileNumber="811-23145"/>
            <fileNumberInfo fileNumber="811-21574"/>
            <fileNumberInfo fileNumber="811-21670"/>
            <fileNumberInfo fileNumber="811-22982"/>
            <fileNumberInfo fileNumber="811-22049"/>
            <fileNumberInfo fileNumber="811-21411"/>
            <fileNumberInfo fileNumber="811-22983"/>
            <fileNumberInfo fileNumber="811-21400"/>
            <fileNumberInfo fileNumber="811-21676"/>
            <fileNumberInfo fileNumber="811-21519"/>
            <fileNumberInfo fileNumber="811-22424"/>
            <fileNumberInfo fileNumber="811-22048"/>
            <fileNumberInfo fileNumber="811-22044"/>
            <fileNumberInfo fileNumber="811-10067"/>
            <fileNumberInfo fileNumber="811-22896"/>
            <fileNumberInfo fileNumber="811-22380"/>
            <fileNumberInfo fileNumber="811-04409"/>
            <fileNumberInfo fileNumber="811-10065"/>
            <fileNumberInfo fileNumber="811-09013"/>
            <fileNumberInfo fileNumber="811-08342"/>
            <fileNumberInfo fileNumber="811-04015"/>
            <fileNumberInfo fileNumber="811-09833"/>
            <fileNumberInfo fileNumber="811-22269"/>
            <fileNumberInfo fileNumber="811-04443"/>
            <fileNumberInfo fileNumber="811-09987"/>
            <fileNumberInfo fileNumber="811-22777"/>
            <fileNumberInfo fileNumber="811-10389"/>
            <fileNumberInfo fileNumber="811-07409"/>
            <fileNumberInfo fileNumber="811-21973"/>
            <fileNumberInfo fileNumber="811-21148"/>
            <fileNumberInfo fileNumber="811-10387"/>
            <fileNumberInfo fileNumber="811-21832"/>
            <fileNumberInfo fileNumber="811-02589"/>
            <fileNumberInfo fileNumber="811-21563"/>
            <fileNumberInfo fileNumber="811-22821"/>
            <fileNumberInfo fileNumber="811-08340"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Cynthia E. Frost</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02589"/>
            <fileNumberInfo fileNumber="811-09013"/>
            <fileNumberInfo fileNumber="811-08464"/>
            <fileNumberInfo fileNumber="811-10065"/>
            <fileNumberInfo fileNumber="811-22424"/>
            <fileNumberInfo fileNumber="811-10067"/>
            <fileNumberInfo fileNumber="811-23145"/>
            <fileNumberInfo fileNumber="811-09157"/>
            <fileNumberInfo fileNumber="811-08876"/>
            <fileNumberInfo fileNumber="811-21142"/>
            <fileNumberInfo fileNumber="811-21563"/>
            <fileNumberInfo fileNumber="811-01545"/>
            <fileNumberInfo fileNumber="811-21400"/>
            <fileNumberInfo fileNumber="811-22896"/>
            <fileNumberInfo fileNumber="811-21614"/>
            <fileNumberInfo fileNumber="811-22983"/>
            <fileNumberInfo fileNumber="811-02258"/>
            <fileNumberInfo fileNumber="811-21470"/>
            <fileNumberInfo fileNumber="811-21973"/>
            <fileNumberInfo fileNumber="811-21676"/>
            <fileNumberInfo fileNumber="811-04409"/>
            <fileNumberInfo fileNumber="811-08134"/>
            <fileNumberInfo fileNumber="811-22049"/>
            <fileNumberInfo fileNumber="811-21745"/>
            <fileNumberInfo fileNumber="811-21148"/>
            <fileNumberInfo fileNumber="811-21670"/>
            <fileNumberInfo fileNumber="811-08342"/>
            <fileNumberInfo fileNumber="811-22777"/>
            <fileNumberInfo fileNumber="811-07409"/>
            <fileNumberInfo fileNumber="811-21519"/>
            <fileNumberInfo fileNumber="811-10387"/>
            <fileNumberInfo fileNumber="811-23240"/>
            <fileNumberInfo fileNumber="811-10389"/>
            <fileNumberInfo fileNumber="811-22048"/>
            <fileNumberInfo fileNumber="811-22982"/>
            <fileNumberInfo fileNumber="811-01241"/>
            <fileNumberInfo fileNumber="811-21147"/>
            <fileNumberInfo fileNumber="811-21323"/>
            <fileNumberInfo fileNumber="811-09833"/>
            <fileNumberInfo fileNumber="811-08340"/>
            <fileNumberInfo fileNumber="811-09837"/>
            <fileNumberInfo fileNumber="811-09987"/>
            <fileNumberInfo fileNumber="811-04015"/>
            <fileNumberInfo fileNumber="811-22714"/>
            <fileNumberInfo fileNumber="811-21574"/>
            <fileNumberInfo fileNumber="811-22336"/>
            <fileNumberInfo fileNumber="811-04443"/>
            <fileNumberInfo fileNumber="811-23151"/>
            <fileNumberInfo fileNumber="811-22350"/>
            <fileNumberInfo fileNumber="811-22044"/>
            <fileNumberInfo fileNumber="811-22380"/>
            <fileNumberInfo fileNumber="811-21411"/>
            <fileNumberInfo fileNumber="811-22269"/>
            <fileNumberInfo fileNumber="811-09141"/>
            <fileNumberInfo fileNumber="811-21832"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Helen Frame Peters</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-22983"/>
            <fileNumberInfo fileNumber="811-04443"/>
            <fileNumberInfo fileNumber="811-21676"/>
            <fileNumberInfo fileNumber="811-08340"/>
            <fileNumberInfo fileNumber="811-02589"/>
            <fileNumberInfo fileNumber="811-22821"/>
            <fileNumberInfo fileNumber="811-09157"/>
            <fileNumberInfo fileNumber="811-10065"/>
            <fileNumberInfo fileNumber="811-21563"/>
            <fileNumberInfo fileNumber="811-08464"/>
            <fileNumberInfo fileNumber="811-21470"/>
            <fileNumberInfo fileNumber="811-22777"/>
            <fileNumberInfo fileNumber="811-21147"/>
            <fileNumberInfo fileNumber="811-21574"/>
            <fileNumberInfo fileNumber="811-22982"/>
            <fileNumberInfo fileNumber="811-02258"/>
            <fileNumberInfo fileNumber="811-09837"/>
            <fileNumberInfo fileNumber="811-21142"/>
            <fileNumberInfo fileNumber="811-21323"/>
            <fileNumberInfo fileNumber="811-21614"/>
            <fileNumberInfo fileNumber="811-21519"/>
            <fileNumberInfo fileNumber="811-22336"/>
            <fileNumberInfo fileNumber="811-22380"/>
            <fileNumberInfo fileNumber="811-04409"/>
            <fileNumberInfo fileNumber="811-08342"/>
            <fileNumberInfo fileNumber="811-21148"/>
            <fileNumberInfo fileNumber="811-01241"/>
            <fileNumberInfo fileNumber="811-01545"/>
            <fileNumberInfo fileNumber="811-22044"/>
            <fileNumberInfo fileNumber="811-22896"/>
            <fileNumberInfo fileNumber="811-07409"/>
            <fileNumberInfo fileNumber="811-21411"/>
            <fileNumberInfo fileNumber="811-09833"/>
            <fileNumberInfo fileNumber="811-22048"/>
            <fileNumberInfo fileNumber="811-21745"/>
            <fileNumberInfo fileNumber="811-23151"/>
            <fileNumberInfo fileNumber="811-23240"/>
            <fileNumberInfo fileNumber="811-22424"/>
            <fileNumberInfo fileNumber="811-10389"/>
            <fileNumberInfo fileNumber="811-22350"/>
            <fileNumberInfo fileNumber="811-10387"/>
            <fileNumberInfo fileNumber="811-08134"/>
            <fileNumberInfo fileNumber="811-10067"/>
            <fileNumberInfo fileNumber="811-22269"/>
            <fileNumberInfo fileNumber="811-23145"/>
            <fileNumberInfo fileNumber="811-09141"/>
            <fileNumberInfo fileNumber="811-22714"/>
            <fileNumberInfo fileNumber="811-21400"/>
            <fileNumberInfo fileNumber="811-04015"/>
            <fileNumberInfo fileNumber="811-21973"/>
            <fileNumberInfo fileNumber="811-21832"/>
            <fileNumberInfo fileNumber="811-09013"/>
            <fileNumberInfo fileNumber="811-22049"/>
            <fileNumberInfo fileNumber="811-09987"/>
            <fileNumberInfo fileNumber="811-08876"/>
            <fileNumberInfo fileNumber="811-21670"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Scott E. Wennerholm</directorName>
          <crdNumber>002398744</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-22380"/>
            <fileNumberInfo fileNumber="811-21142"/>
            <fileNumberInfo fileNumber="811-09157"/>
            <fileNumberInfo fileNumber="811-10065"/>
            <fileNumberInfo fileNumber="811-22896"/>
            <fileNumberInfo fileNumber="811-22350"/>
            <fileNumberInfo fileNumber="811-04443"/>
            <fileNumberInfo fileNumber="811-01241"/>
            <fileNumberInfo fileNumber="811-08340"/>
            <fileNumberInfo fileNumber="811-21519"/>
            <fileNumberInfo fileNumber="811-21470"/>
            <fileNumberInfo fileNumber="811-09141"/>
            <fileNumberInfo fileNumber="811-10067"/>
            <fileNumberInfo fileNumber="811-10387"/>
            <fileNumberInfo fileNumber="811-22424"/>
            <fileNumberInfo fileNumber="811-08134"/>
            <fileNumberInfo fileNumber="811-09837"/>
            <fileNumberInfo fileNumber="811-22049"/>
            <fileNumberInfo fileNumber="811-22048"/>
            <fileNumberInfo fileNumber="811-02589"/>
            <fileNumberInfo fileNumber="811-21670"/>
            <fileNumberInfo fileNumber="811-04409"/>
            <fileNumberInfo fileNumber="811-08464"/>
            <fileNumberInfo fileNumber="811-09013"/>
            <fileNumberInfo fileNumber="811-23240"/>
            <fileNumberInfo fileNumber="811-21563"/>
            <fileNumberInfo fileNumber="811-22269"/>
            <fileNumberInfo fileNumber="811-22044"/>
            <fileNumberInfo fileNumber="811-21574"/>
            <fileNumberInfo fileNumber="811-23151"/>
            <fileNumberInfo fileNumber="811-22336"/>
            <fileNumberInfo fileNumber="811-21147"/>
            <fileNumberInfo fileNumber="811-21411"/>
            <fileNumberInfo fileNumber="811-22777"/>
            <fileNumberInfo fileNumber="811-23145"/>
            <fileNumberInfo fileNumber="811-07409"/>
            <fileNumberInfo fileNumber="811-21745"/>
            <fileNumberInfo fileNumber="811-21676"/>
            <fileNumberInfo fileNumber="811-22982"/>
            <fileNumberInfo fileNumber="811-04015"/>
            <fileNumberInfo fileNumber="811-02258"/>
            <fileNumberInfo fileNumber="811-08342"/>
            <fileNumberInfo fileNumber="811-21323"/>
            <fileNumberInfo fileNumber="811-09987"/>
            <fileNumberInfo fileNumber="811-08876"/>
            <fileNumberInfo fileNumber="811-09833"/>
            <fileNumberInfo fileNumber="811-21832"/>
            <fileNumberInfo fileNumber="811-22983"/>
            <fileNumberInfo fileNumber="811-21148"/>
            <fileNumberInfo fileNumber="811-01545"/>
            <fileNumberInfo fileNumber="811-21400"/>
            <fileNumberInfo fileNumber="811-21973"/>
            <fileNumberInfo fileNumber="811-22714"/>
            <fileNumberInfo fileNumber="811-10389"/>
            <fileNumberInfo fileNumber="811-21614"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>George J. Gorman</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-21574"/>
            <fileNumberInfo fileNumber="811-22350"/>
            <fileNumberInfo fileNumber="811-10067"/>
            <fileNumberInfo fileNumber="811-22380"/>
            <fileNumberInfo fileNumber="811-21614"/>
            <fileNumberInfo fileNumber="811-08876"/>
            <fileNumberInfo fileNumber="811-09157"/>
            <fileNumberInfo fileNumber="811-22983"/>
            <fileNumberInfo fileNumber="811-08134"/>
            <fileNumberInfo fileNumber="811-08464"/>
            <fileNumberInfo fileNumber="811-22777"/>
            <fileNumberInfo fileNumber="811-21676"/>
            <fileNumberInfo fileNumber="811-21670"/>
            <fileNumberInfo fileNumber="811-21832"/>
            <fileNumberInfo fileNumber="811-21148"/>
            <fileNumberInfo fileNumber="811-21400"/>
            <fileNumberInfo fileNumber="811-02258"/>
            <fileNumberInfo fileNumber="811-01241"/>
            <fileNumberInfo fileNumber="811-22714"/>
            <fileNumberInfo fileNumber="811-22269"/>
            <fileNumberInfo fileNumber="811-08340"/>
            <fileNumberInfo fileNumber="811-23240"/>
            <fileNumberInfo fileNumber="811-22044"/>
            <fileNumberInfo fileNumber="811-21973"/>
            <fileNumberInfo fileNumber="811-21519"/>
            <fileNumberInfo fileNumber="811-21745"/>
            <fileNumberInfo fileNumber="811-09833"/>
            <fileNumberInfo fileNumber="811-04443"/>
            <fileNumberInfo fileNumber="811-23145"/>
            <fileNumberInfo fileNumber="811-09987"/>
            <fileNumberInfo fileNumber="811-22424"/>
            <fileNumberInfo fileNumber="811-09837"/>
            <fileNumberInfo fileNumber="811-08342"/>
            <fileNumberInfo fileNumber="811-22896"/>
            <fileNumberInfo fileNumber="811-22982"/>
            <fileNumberInfo fileNumber="811-04015"/>
            <fileNumberInfo fileNumber="811-10389"/>
            <fileNumberInfo fileNumber="811-23151"/>
            <fileNumberInfo fileNumber="811-22336"/>
            <fileNumberInfo fileNumber="811-22821"/>
            <fileNumberInfo fileNumber="811-21563"/>
            <fileNumberInfo fileNumber="811-21470"/>
            <fileNumberInfo fileNumber="811-04409"/>
            <fileNumberInfo fileNumber="811-21142"/>
            <fileNumberInfo fileNumber="811-09013"/>
            <fileNumberInfo fileNumber="811-10387"/>
            <fileNumberInfo fileNumber="811-02589"/>
            <fileNumberInfo fileNumber="811-07409"/>
            <fileNumberInfo fileNumber="811-09141"/>
            <fileNumberInfo fileNumber="811-21147"/>
            <fileNumberInfo fileNumber="811-21323"/>
            <fileNumberInfo fileNumber="811-21411"/>
            <fileNumberInfo fileNumber="811-10065"/>
            <fileNumberInfo fileNumber="811-22049"/>
            <fileNumberInfo fileNumber="811-22048"/>
            <fileNumberInfo fileNumber="811-01545"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Mark R. Fetting</directorName>
          <crdNumber>000733409</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-22821"/>
            <fileNumberInfo fileNumber="811-09987"/>
            <fileNumberInfo fileNumber="811-23151"/>
            <fileNumberInfo fileNumber="811-22777"/>
            <fileNumberInfo fileNumber="811-02589"/>
            <fileNumberInfo fileNumber="811-01545"/>
            <fileNumberInfo fileNumber="811-09013"/>
            <fileNumberInfo fileNumber="811-21745"/>
            <fileNumberInfo fileNumber="811-10389"/>
            <fileNumberInfo fileNumber="811-21470"/>
            <fileNumberInfo fileNumber="811-21973"/>
            <fileNumberInfo fileNumber="811-07409"/>
            <fileNumberInfo fileNumber="811-04015"/>
            <fileNumberInfo fileNumber="811-23145"/>
            <fileNumberInfo fileNumber="811-22350"/>
            <fileNumberInfo fileNumber="811-02258"/>
            <fileNumberInfo fileNumber="811-21574"/>
            <fileNumberInfo fileNumber="811-21670"/>
            <fileNumberInfo fileNumber="811-21676"/>
            <fileNumberInfo fileNumber="811-21400"/>
            <fileNumberInfo fileNumber="811-09141"/>
            <fileNumberInfo fileNumber="811-22048"/>
            <fileNumberInfo fileNumber="811-10067"/>
            <fileNumberInfo fileNumber="811-21519"/>
            <fileNumberInfo fileNumber="811-22982"/>
            <fileNumberInfo fileNumber="811-08876"/>
            <fileNumberInfo fileNumber="811-22044"/>
            <fileNumberInfo fileNumber="811-22424"/>
            <fileNumberInfo fileNumber="811-22336"/>
            <fileNumberInfo fileNumber="811-22983"/>
            <fileNumberInfo fileNumber="811-21563"/>
            <fileNumberInfo fileNumber="811-21614"/>
            <fileNumberInfo fileNumber="811-08342"/>
            <fileNumberInfo fileNumber="811-22049"/>
            <fileNumberInfo fileNumber="811-21411"/>
            <fileNumberInfo fileNumber="811-08134"/>
            <fileNumberInfo fileNumber="811-23240"/>
            <fileNumberInfo fileNumber="811-10387"/>
            <fileNumberInfo fileNumber="811-09837"/>
            <fileNumberInfo fileNumber="811-22896"/>
            <fileNumberInfo fileNumber="811-22714"/>
            <fileNumberInfo fileNumber="811-08464"/>
            <fileNumberInfo fileNumber="811-21832"/>
            <fileNumberInfo fileNumber="811-21142"/>
            <fileNumberInfo fileNumber="811-10065"/>
            <fileNumberInfo fileNumber="811-22269"/>
            <fileNumberInfo fileNumber="811-04409"/>
            <fileNumberInfo fileNumber="811-09157"/>
            <fileNumberInfo fileNumber="811-04443"/>
            <fileNumberInfo fileNumber="811-21323"/>
            <fileNumberInfo fileNumber="811-21147"/>
            <fileNumberInfo fileNumber="811-09833"/>
            <fileNumberInfo fileNumber="811-22380"/>
            <fileNumberInfo fileNumber="811-21148"/>
            <fileNumberInfo fileNumber="811-01241"/>
            <fileNumberInfo fileNumber="811-08340"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Thomas E. Faust Jr.</directorName>
          <crdNumber>002843249</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-04015"/>
            <fileNumberInfo fileNumber="811-22380"/>
            <fileNumberInfo fileNumber="811-02258"/>
            <fileNumberInfo fileNumber="811-10389"/>
            <fileNumberInfo fileNumber="811-21142"/>
            <fileNumberInfo fileNumber="811-22269"/>
            <fileNumberInfo fileNumber="811-09013"/>
            <fileNumberInfo fileNumber="811-09837"/>
            <fileNumberInfo fileNumber="811-23145"/>
            <fileNumberInfo fileNumber="811-22714"/>
            <fileNumberInfo fileNumber="811-21323"/>
            <fileNumberInfo fileNumber="811-21411"/>
            <fileNumberInfo fileNumber="811-09833"/>
            <fileNumberInfo fileNumber="811-22336"/>
            <fileNumberInfo fileNumber="811-08134"/>
            <fileNumberInfo fileNumber="811-22982"/>
            <fileNumberInfo fileNumber="811-21519"/>
            <fileNumberInfo fileNumber="811-21614"/>
            <fileNumberInfo fileNumber="811-10067"/>
            <fileNumberInfo fileNumber="811-23151"/>
            <fileNumberInfo fileNumber="811-09987"/>
            <fileNumberInfo fileNumber="811-22424"/>
            <fileNumberInfo fileNumber="811-21832"/>
            <fileNumberInfo fileNumber="811-10387"/>
            <fileNumberInfo fileNumber="811-01545"/>
            <fileNumberInfo fileNumber="811-21470"/>
            <fileNumberInfo fileNumber="811-21676"/>
            <fileNumberInfo fileNumber="811-07409"/>
            <fileNumberInfo fileNumber="811-04443"/>
            <fileNumberInfo fileNumber="811-10065"/>
            <fileNumberInfo fileNumber="811-21745"/>
            <fileNumberInfo fileNumber="811-09157"/>
            <fileNumberInfo fileNumber="811-08342"/>
            <fileNumberInfo fileNumber="811-02589"/>
            <fileNumberInfo fileNumber="811-21400"/>
            <fileNumberInfo fileNumber="811-09141"/>
            <fileNumberInfo fileNumber="811-22896"/>
            <fileNumberInfo fileNumber="811-23240"/>
            <fileNumberInfo fileNumber="811-22983"/>
            <fileNumberInfo fileNumber="811-21147"/>
            <fileNumberInfo fileNumber="811-04409"/>
            <fileNumberInfo fileNumber="811-22049"/>
            <fileNumberInfo fileNumber="811-21148"/>
            <fileNumberInfo fileNumber="811-08464"/>
            <fileNumberInfo fileNumber="811-21563"/>
            <fileNumberInfo fileNumber="811-21670"/>
            <fileNumberInfo fileNumber="811-21973"/>
            <fileNumberInfo fileNumber="811-08876"/>
            <fileNumberInfo fileNumber="811-01241"/>
            <fileNumberInfo fileNumber="811-08340"/>
            <fileNumberInfo fileNumber="811-21574"/>
            <fileNumberInfo fileNumber="811-22048"/>
            <fileNumberInfo fileNumber="811-22044"/>
            <fileNumberInfo fileNumber="811-22350"/>
            <fileNumberInfo fileNumber="811-22777"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Keith Quinton</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-22269"/>
            <fileNumberInfo fileNumber="811-21676"/>
            <fileNumberInfo fileNumber="811-10067"/>
            <fileNumberInfo fileNumber="811-02589"/>
            <fileNumberInfo fileNumber="811-21411"/>
            <fileNumberInfo fileNumber="811-22896"/>
            <fileNumberInfo fileNumber="811-08876"/>
            <fileNumberInfo fileNumber="811-08464"/>
            <fileNumberInfo fileNumber="811-21574"/>
            <fileNumberInfo fileNumber="811-22714"/>
            <fileNumberInfo fileNumber="811-01545"/>
            <fileNumberInfo fileNumber="811-21470"/>
            <fileNumberInfo fileNumber="811-07409"/>
            <fileNumberInfo fileNumber="811-08134"/>
            <fileNumberInfo fileNumber="811-21563"/>
            <fileNumberInfo fileNumber="811-21323"/>
            <fileNumberInfo fileNumber="811-21148"/>
            <fileNumberInfo fileNumber="811-21614"/>
            <fileNumberInfo fileNumber="811-08342"/>
            <fileNumberInfo fileNumber="811-04443"/>
            <fileNumberInfo fileNumber="811-21147"/>
            <fileNumberInfo fileNumber="811-10387"/>
            <fileNumberInfo fileNumber="811-22821"/>
            <fileNumberInfo fileNumber="811-22777"/>
            <fileNumberInfo fileNumber="811-09141"/>
            <fileNumberInfo fileNumber="811-04015"/>
            <fileNumberInfo fileNumber="811-22336"/>
            <fileNumberInfo fileNumber="811-04409"/>
            <fileNumberInfo fileNumber="811-09837"/>
            <fileNumberInfo fileNumber="811-21745"/>
            <fileNumberInfo fileNumber="811-10389"/>
            <fileNumberInfo fileNumber="811-02258"/>
            <fileNumberInfo fileNumber="811-09013"/>
            <fileNumberInfo fileNumber="811-22380"/>
            <fileNumberInfo fileNumber="811-22350"/>
            <fileNumberInfo fileNumber="811-09157"/>
            <fileNumberInfo fileNumber="811-21142"/>
            <fileNumberInfo fileNumber="811-21670"/>
            <fileNumberInfo fileNumber="811-21832"/>
            <fileNumberInfo fileNumber="811-22982"/>
            <fileNumberInfo fileNumber="811-22424"/>
            <fileNumberInfo fileNumber="811-10065"/>
            <fileNumberInfo fileNumber="811-09833"/>
            <fileNumberInfo fileNumber="811-22983"/>
            <fileNumberInfo fileNumber="811-23240"/>
            <fileNumberInfo fileNumber="811-23151"/>
            <fileNumberInfo fileNumber="811-08340"/>
            <fileNumberInfo fileNumber="811-22048"/>
            <fileNumberInfo fileNumber="811-22044"/>
            <fileNumberInfo fileNumber="811-01241"/>
            <fileNumberInfo fileNumber="811-23145"/>
            <fileNumberInfo fileNumber="811-21519"/>
            <fileNumberInfo fileNumber="811-22049"/>
            <fileNumberInfo fileNumber="811-21400"/>
            <fileNumberInfo fileNumber="811-09987"/>
            <fileNumberInfo fileNumber="811-21973"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Valerie A. Mosley</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-23240"/>
            <fileNumberInfo fileNumber="811-08876"/>
            <fileNumberInfo fileNumber="811-21745"/>
            <fileNumberInfo fileNumber="811-22714"/>
            <fileNumberInfo fileNumber="811-08134"/>
            <fileNumberInfo fileNumber="811-02258"/>
            <fileNumberInfo fileNumber="811-21142"/>
            <fileNumberInfo fileNumber="811-22777"/>
            <fileNumberInfo fileNumber="811-22896"/>
            <fileNumberInfo fileNumber="811-21563"/>
            <fileNumberInfo fileNumber="811-09837"/>
            <fileNumberInfo fileNumber="811-09141"/>
            <fileNumberInfo fileNumber="811-08342"/>
            <fileNumberInfo fileNumber="811-21411"/>
            <fileNumberInfo fileNumber="811-21973"/>
            <fileNumberInfo fileNumber="811-01545"/>
            <fileNumberInfo fileNumber="811-01241"/>
            <fileNumberInfo fileNumber="811-07409"/>
            <fileNumberInfo fileNumber="811-21147"/>
            <fileNumberInfo fileNumber="811-21519"/>
            <fileNumberInfo fileNumber="811-09987"/>
            <fileNumberInfo fileNumber="811-22350"/>
            <fileNumberInfo fileNumber="811-08464"/>
            <fileNumberInfo fileNumber="811-10067"/>
            <fileNumberInfo fileNumber="811-02589"/>
            <fileNumberInfo fileNumber="811-22424"/>
            <fileNumberInfo fileNumber="811-04409"/>
            <fileNumberInfo fileNumber="811-21148"/>
            <fileNumberInfo fileNumber="811-22269"/>
            <fileNumberInfo fileNumber="811-04443"/>
            <fileNumberInfo fileNumber="811-22982"/>
            <fileNumberInfo fileNumber="811-21574"/>
            <fileNumberInfo fileNumber="811-10065"/>
            <fileNumberInfo fileNumber="811-21676"/>
            <fileNumberInfo fileNumber="811-09013"/>
            <fileNumberInfo fileNumber="811-10387"/>
            <fileNumberInfo fileNumber="811-21614"/>
            <fileNumberInfo fileNumber="811-21670"/>
            <fileNumberInfo fileNumber="811-10389"/>
            <fileNumberInfo fileNumber="811-09157"/>
            <fileNumberInfo fileNumber="811-22049"/>
            <fileNumberInfo fileNumber="811-22821"/>
            <fileNumberInfo fileNumber="811-21323"/>
            <fileNumberInfo fileNumber="811-09833"/>
            <fileNumberInfo fileNumber="811-22336"/>
            <fileNumberInfo fileNumber="811-21470"/>
            <fileNumberInfo fileNumber="811-23145"/>
            <fileNumberInfo fileNumber="811-08340"/>
            <fileNumberInfo fileNumber="811-22380"/>
            <fileNumberInfo fileNumber="811-21400"/>
            <fileNumberInfo fileNumber="811-22044"/>
            <fileNumberInfo fileNumber="811-22983"/>
            <fileNumberInfo fileNumber="811-22048"/>
            <fileNumberInfo fileNumber="811-04015"/>
            <fileNumberInfo fileNumber="811-23151"/>
            <fileNumberInfo fileNumber="811-21832"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Susan J. Sutherland</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-22424"/>
            <fileNumberInfo fileNumber="811-22983"/>
            <fileNumberInfo fileNumber="811-21614"/>
            <fileNumberInfo fileNumber="811-21148"/>
            <fileNumberInfo fileNumber="811-01241"/>
            <fileNumberInfo fileNumber="811-10389"/>
            <fileNumberInfo fileNumber="811-08464"/>
            <fileNumberInfo fileNumber="811-22896"/>
            <fileNumberInfo fileNumber="811-04015"/>
            <fileNumberInfo fileNumber="811-22049"/>
            <fileNumberInfo fileNumber="811-21323"/>
            <fileNumberInfo fileNumber="811-09837"/>
            <fileNumberInfo fileNumber="811-09157"/>
            <fileNumberInfo fileNumber="811-21400"/>
            <fileNumberInfo fileNumber="811-09013"/>
            <fileNumberInfo fileNumber="811-08340"/>
            <fileNumberInfo fileNumber="811-10067"/>
            <fileNumberInfo fileNumber="811-04443"/>
            <fileNumberInfo fileNumber="811-09987"/>
            <fileNumberInfo fileNumber="811-21470"/>
            <fileNumberInfo fileNumber="811-22777"/>
            <fileNumberInfo fileNumber="811-23240"/>
            <fileNumberInfo fileNumber="811-21411"/>
            <fileNumberInfo fileNumber="811-07409"/>
            <fileNumberInfo fileNumber="811-02589"/>
            <fileNumberInfo fileNumber="811-22380"/>
            <fileNumberInfo fileNumber="811-09833"/>
            <fileNumberInfo fileNumber="811-01545"/>
            <fileNumberInfo fileNumber="811-22044"/>
            <fileNumberInfo fileNumber="811-23151"/>
            <fileNumberInfo fileNumber="811-21563"/>
            <fileNumberInfo fileNumber="811-08876"/>
            <fileNumberInfo fileNumber="811-22350"/>
            <fileNumberInfo fileNumber="811-21670"/>
            <fileNumberInfo fileNumber="811-21745"/>
            <fileNumberInfo fileNumber="811-23145"/>
            <fileNumberInfo fileNumber="811-22269"/>
            <fileNumberInfo fileNumber="811-21574"/>
            <fileNumberInfo fileNumber="811-08342"/>
            <fileNumberInfo fileNumber="811-10387"/>
            <fileNumberInfo fileNumber="811-21973"/>
            <fileNumberInfo fileNumber="811-21142"/>
            <fileNumberInfo fileNumber="811-21832"/>
            <fileNumberInfo fileNumber="811-21519"/>
            <fileNumberInfo fileNumber="811-10065"/>
            <fileNumberInfo fileNumber="811-04409"/>
            <fileNumberInfo fileNumber="811-08134"/>
            <fileNumberInfo fileNumber="811-22714"/>
            <fileNumberInfo fileNumber="811-21147"/>
            <fileNumberInfo fileNumber="811-22336"/>
            <fileNumberInfo fileNumber="811-21676"/>
            <fileNumberInfo fileNumber="811-02258"/>
            <fileNumberInfo fileNumber="811-09141"/>
            <fileNumberInfo fileNumber="811-22982"/>
            <fileNumberInfo fileNumber="811-22048"/>
            <fileNumberInfo fileNumber="811-22821"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Marcus L. Smith</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-04409"/>
            <fileNumberInfo fileNumber="811-09987"/>
            <fileNumberInfo fileNumber="811-10065"/>
            <fileNumberInfo fileNumber="811-09141"/>
            <fileNumberInfo fileNumber="811-04015"/>
            <fileNumberInfo fileNumber="811-21400"/>
            <fileNumberInfo fileNumber="811-10387"/>
            <fileNumberInfo fileNumber="811-22777"/>
            <fileNumberInfo fileNumber="811-22983"/>
            <fileNumberInfo fileNumber="811-21745"/>
            <fileNumberInfo fileNumber="811-23151"/>
            <fileNumberInfo fileNumber="811-08134"/>
            <fileNumberInfo fileNumber="811-01241"/>
            <fileNumberInfo fileNumber="811-01545"/>
            <fileNumberInfo fileNumber="811-22896"/>
            <fileNumberInfo fileNumber="811-22350"/>
            <fileNumberInfo fileNumber="811-10067"/>
            <fileNumberInfo fileNumber="811-21147"/>
            <fileNumberInfo fileNumber="811-21470"/>
            <fileNumberInfo fileNumber="811-21973"/>
            <fileNumberInfo fileNumber="811-08342"/>
            <fileNumberInfo fileNumber="811-21148"/>
            <fileNumberInfo fileNumber="811-10389"/>
            <fileNumberInfo fileNumber="811-21574"/>
            <fileNumberInfo fileNumber="811-22269"/>
            <fileNumberInfo fileNumber="811-22424"/>
            <fileNumberInfo fileNumber="811-08464"/>
            <fileNumberInfo fileNumber="811-22982"/>
            <fileNumberInfo fileNumber="811-09833"/>
            <fileNumberInfo fileNumber="811-09157"/>
            <fileNumberInfo fileNumber="811-21142"/>
            <fileNumberInfo fileNumber="811-21323"/>
            <fileNumberInfo fileNumber="811-21519"/>
            <fileNumberInfo fileNumber="811-09013"/>
            <fileNumberInfo fileNumber="811-08876"/>
            <fileNumberInfo fileNumber="811-02589"/>
            <fileNumberInfo fileNumber="811-22714"/>
            <fileNumberInfo fileNumber="811-07409"/>
            <fileNumberInfo fileNumber="811-21670"/>
            <fileNumberInfo fileNumber="811-22336"/>
            <fileNumberInfo fileNumber="811-22049"/>
            <fileNumberInfo fileNumber="811-21614"/>
            <fileNumberInfo fileNumber="811-22048"/>
            <fileNumberInfo fileNumber="811-02258"/>
            <fileNumberInfo fileNumber="811-21411"/>
            <fileNumberInfo fileNumber="811-22044"/>
            <fileNumberInfo fileNumber="811-21676"/>
            <fileNumberInfo fileNumber="811-23145"/>
            <fileNumberInfo fileNumber="811-08340"/>
            <fileNumberInfo fileNumber="811-23240"/>
            <fileNumberInfo fileNumber="811-04443"/>
            <fileNumberInfo fileNumber="811-21832"/>
            <fileNumberInfo fileNumber="811-22821"/>
            <fileNumberInfo fileNumber="811-22380"/>
            <fileNumberInfo fileNumber="811-09837"/>
            <fileNumberInfo fileNumber="811-21563"/>
          </fileNumbers>
        </director>
      </directors>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>Richard F. Froio</ccoName>
          <crdNumber>002214598</crdNumber>
          <ccoStreet1>Two International Place</ccoStreet1>
          <ccoCity>Boston</ccoCity>
          <ccoStateCountry ccoCountry="US" ccoState="US-MA"/>
          <ccoZipCode>02110</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="N/A" ccoEmployerId="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <securityMatterSeriesInfo isRegistrantSubmittedMatter="Y">
        <seriesInfo seriesName="N/A" seriesId="N/A"/>
      </securityMatterSeriesInfo>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <coveredByInsurancePolicy isCoveredByInsurancePolicy="Y" isClaimFiledDuringPeriod="N"/>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <releaseNumbers isExemptionFromAct="Y">
        <releaseNumberInfo releaseNumber="IC-20671"/>
        <releaseNumberInfo releaseNumber="IC-28616"/>
      </releaseNumbers>
      <principalUnderwriters>
        <principalUnderwriter>
          <principalUnderwriterName>Eaton Vance Distributors, Inc.</principalUnderwriterName>
          <principalUnderwriterFileNumber>8-47939</principalUnderwriterFileNumber>
          <principalUnderwriterCrdNumber>000037731</principalUnderwriterCrdNumber>
          <principalUnderwriterLei>5493008E3UZUI6J6EL94</principalUnderwriterLei>
          <principalUnderWriterStateCountry principalUnderWriterCountry="US" principalUnderWriterState="US-MA"/>
          <isPrincipalUnderwriterAffiliatedWithRegistrant>Y</isPrincipalUnderwriterAffiliatedWithRegistrant>
        </principalUnderwriter>
      </principalUnderwriters>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>Deloitte &amp; Touche LLP</publicAccountantName>
          <pcaobNumber>34</pcaobNumber>
          <publicAccountantLei>00000000000000000000</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantCountry="US" publicAccountantState="US-MA"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <paymentDividendSeries isPaymentDividend="Y">
        <seriesInfo seriesName="N/A" seriesId="N/A"/>
      </paymentDividendSeries>
    </registrantInfo>
    <managementInvestmentQuestionSeriesInfo>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Eaton Vance Tax-Managed Buy-Write Opportunities Fund</mgmtInvFundName>
        <mgmtInvLei>549300K03NZO4ZHC3H11</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>0</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Eaton Vance Management</investmentAdviserName>
            <investmentAdviserFileNo>801-15930</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000104859</investmentAdviserCrdNo>
            <investmentAdviserLei>549300RJ0CSL5M1B7J96</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Parametric Portfolio Associates LLC</subAdviserName>
            <subAdviserFileNo>801-60485</subAdviserFileNo>
            <subAdviserCrdNo>000114310</subAdviserCrdNo>
            <subAdviserLei>549300S4WU4W1Z92RF77</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-WA" subAdviserCountry="US"/>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>American Stock Transfer &amp; Trust Company, LLC</transferAgentName>
            <transferAgentFileNo>084-00416</transferAgentFileNo>
            <transferAgentLei>254900TS5EWP83BEOU02</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-NY" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Refinitiv US Holdings Inc.</pricingServiceName>
            <pricingServiceLei>549300NF240HXJO7N016</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>571474TGEMMWANRLN572</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>American Stock Transfer &amp; Trust Company, LLC</shareholderServiceAgentName>
            <shareholderServiceAgentLei>254900TS5EWP83BEOU02</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-NY" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Eaton Vance Management</adminName>
            <adminLei>549300RJ0CSL5M1B7J96</adminLei>
            <adminStateCountry adminState="US-MA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Bank, National Association</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>G1MLHIS0N32I3QPILB75</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-UT" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley &amp; Co. LLC</brokerDealerName>
            <brokerDealerFileNo>8-15869</brokerDealerFileNo>
            <brokerDealerCrdNo>000008209</brokerDealerCrdNo>
            <brokerDealerLei>9R7GPTSO7KV3UQJZQ078</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Capital Products LLC</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>IVNH9ABHJY5L0X3RKW69</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Taiwan Limited</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>549300UX7BN34UFIPA91</brokerDealerLei>
            <brokerDealerCountry>TW</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>MEMX Holdings LLC</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>00000000000000000000</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NJ" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Senior Funding, Inc.</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>XRR2REEVVJS58CENNG14</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Australia Securities Limited</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>6NYZXKE9GUP7XNI56S88</brokerDealerLei>
            <brokerDealerCountry>AU</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Eaton Vance Management (International) Limited</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>000281469</brokerDealerCrdNo>
            <brokerDealerLei>549300HBYTOFMPCTSB79</brokerDealerLei>
            <brokerDealerCountry>GB</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Europe SE</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>54930056FHWP7GIWYY08</brokerDealerLei>
            <brokerDealerCountry>DE</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Capital Services LLC</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>I7331LVCZKQKX5T7XV54</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Asia Limited</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>549300KZJFHUSUNKZZ03</brokerDealerLei>
            <brokerDealerCountry>HK</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley MUFG Securities Co., Ltd.</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>549300OB5SQ53A8BTO30</brokerDealerLei>
            <brokerDealerCountry>JP</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Capital Group Inc.</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>VB7RXNZGO6KVDABYB880</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley, S.V., S.A.</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>549300GSKN0B8BOS5L68</brokerDealerLei>
            <brokerDealerCountry>ES</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>MorganStanley Menkul Degerler Anonim Sirketi</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>549300VJZV93UIORC566</brokerDealerLei>
            <brokerDealerCountry>TR</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Asia (Singapore) Pte.</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>S7TFLKD0ZWWBHLSCAD37</brokerDealerLei>
            <brokerDealerCountry>SG</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Eaton Vance Distributors, Inc.</brokerDealerName>
            <brokerDealerFileNo>8-47939</brokerDealerFileNo>
            <brokerDealerCrdNo>000037731</brokerDealerCrdNo>
            <brokerDealerLei>5493008E3UZUI6J6EL94</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-MA" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Corretora de Titulos e Valores Mobiliarios S.A.</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>HN65QO5XTFJICDM5V937</brokerDealerLei>
            <brokerDealerCountry>BR</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley India Company Private Limited</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>OYO6KC46QF54MHNL5D43</brokerDealerLei>
            <brokerDealerCountry>IN</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>PT Morgan Stanley Sekuritas Indonesia</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>549300JVGZMY503T1I56</brokerDealerLei>
            <brokerDealerCountry>ID</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>OTCDeriv Limited</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>213800AJVXMIB2FPEM07</brokerDealerLei>
            <brokerDealerCountry>GB</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Mexico, Casa de Bolsa, S.A. de C.V.</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>FHYNAGT8UJJJOGL0BI58</brokerDealerLei>
            <brokerDealerCountry>MX</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>O7YCEUWQXFIO1CHULC69</brokerDealerLei>
            <brokerDealerCountry>JP</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Asia (Singapore) Securities Pte Ltd</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>549300JN2HN4WBKARP61</brokerDealerLei>
            <brokerDealerCountry>SG</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Wealth Management Canada Inc.</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>549300VVMTKCWZUZVJ61</brokerDealerLei>
            <brokerDealerCountry>CA</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>E*TRADE Securities LLC</brokerDealerName>
            <brokerDealerFileNo>8-44112</brokerDealerFileNo>
            <brokerDealerCrdNo>000029106</brokerDealerCrdNo>
            <brokerDealerLei>549300PJRJFMBCDPWR57</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NJ" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Limited Liability Company 'Morgan Stanley Bank'</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>KXR3XGBYJIDK7XYBRF48</brokerDealerLei>
            <brokerDealerCountry>RU</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley &amp; Co. International PLC</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>4PQUHN3JPFGFNF3BB653</brokerDealerLei>
            <brokerDealerCountry>GB</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Hong Kong Securities Limited</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>549300SY0QG9QQ09KW20</brokerDealerLei>
            <brokerDealerCountry>HK</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Saudi Arabia Company</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>549300JYPS6Z0I1BVB86</brokerDealerLei>
            <brokerDealerCountry>SA</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Wealth Management Australia Pty Ltd</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>549300VR74G9RZHCCE31</brokerDealerLei>
            <brokerDealerCountry>AU</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley France</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>PK168Q24DU7QQ2T4QF97</brokerDealerLei>
            <brokerDealerCountry>FR</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Smith Barney LLC</brokerDealerName>
            <brokerDealerFileNo>8-68191</brokerDealerFileNo>
            <brokerDealerCrdNo>000149777</brokerDealerCrdNo>
            <brokerDealerLei>7PDDXEMZ0ZV0CEDU4D16</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Fxglobalclear Limited</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>00000000000000000000</brokerDealerLei>
            <brokerDealerCountry>GB</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Turquoise Global Holdings Limited</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>2138006SKBMJJUE2HV03</brokerDealerLei>
            <brokerDealerCountry>GB</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Equilend LLC</brokerDealerName>
            <brokerDealerFileNo>8-53738</brokerDealerFileNo>
            <brokerDealerCrdNo>000119107</brokerDealerCrdNo>
            <brokerDealerLei>213800BN4DRR1ADYGP92</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>RMB Morgan Stanley Pty Ltd</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>54930026T33G80GFU737</brokerDealerLei>
            <brokerDealerCountry>ZA</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Distribution, Inc.</brokerDealerName>
            <brokerDealerFileNo>8-44766</brokerDealerFileNo>
            <brokerDealerCrdNo>000030344</brokerDealerCrdNo>
            <brokerDealerLei>54930020DF0S7EF78K71</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Morgan Stanley Canada Limited</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>54930065FO7CXEUTGL76</brokerDealerLei>
            <brokerDealerCountry>CA</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Prime Dealer Services Corp.</brokerDealerName>
            <brokerDealerFileNo>8-47025</brokerDealerFileNo>
            <brokerDealerCrdNo>000036142</brokerDealerCrdNo>
            <brokerDealerLei>549300U1ZGT51W4F9866</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>EOS Precious Metals Limited</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>00000000000000000000</brokerDealerLei>
            <brokerDealerCountry>GB</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>Creditderiv Limited</brokerDealerName>
            <brokerDealerFileNo>N/A</brokerDealerFileNo>
            <brokerDealerCrdNo>N/A</brokerDealerCrdNo>
            <brokerDealerLei>00000000000000000000</brokerDealerLei>
            <brokerDealerCountry>GB</brokerDealerCountry>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
        </brokerDealers>
        <brokers>
          <broker>
            <brokerName>Instinet, LLC</brokerName>
            <brokerFileNo>8-23669</brokerFileNo>
            <brokerCrdNo>000007897</brokerCrdNo>
            <brokerLei>549300MGMN3RKMU8FT57</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>4743.04000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Piper Sandler &amp; Co.</brokerName>
            <brokerFileNo>8-15204</brokerFileNo>
            <brokerCrdNo>000000665</brokerCrdNo>
            <brokerLei>549300GRQCWQ3XGH0H10</brokerLei>
            <brokerStateCountry brokerState="US-MN" brokerCountry="US"/>
            <grossCommission>1499.54000000</grossCommission>
          </broker>
          <broker>
            <brokerName>RBC Capital Markets, LLC</brokerName>
            <brokerFileNo>8-45411</brokerFileNo>
            <brokerCrdNo>000031194</brokerCrdNo>
            <brokerLei>549300LCO2FLSSVFFR64</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>4914.95000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jefferies LLC</brokerName>
            <brokerFileNo>8-15074</brokerFileNo>
            <brokerCrdNo>000002347</brokerCrdNo>
            <brokerLei>58PU97L1C0WSRCWADL48</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1041.59000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Fidelity Brokerage Services LLC</brokerName>
            <brokerFileNo>8-23292</brokerFileNo>
            <brokerCrdNo>000007784</brokerCrdNo>
            <brokerLei>549300OQFQ4NFIOD5695</brokerLei>
            <brokerStateCountry brokerState="US-MA" brokerCountry="US"/>
            <grossCommission>659.06000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>12858.18000000</aggregateCommission>
        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>1508981694.86769230</mnthlyAvgNetAssets>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <closedEndManagementInvestment>
      <securityRelatedItems>
        <securityRelatedItem>
          <description>Common stock</description>
          <securityClassTitle>Eaton Vance Tax-Managed Buy-Write Opportunities Fund</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="XNYS" commonStockTickerSymbol="ETV"/>
          </commonStocks>
        </securityRelatedItem>
      </securityRelatedItems>
      <isRightsOffering>N</isRightsOffering>
      <secondaryOfferings isSecondaryOffering="Y">
        <secondaryOfferingType>Common stock</secondaryOfferingType>
      </secondaryOfferings>
      <isRepurchaseSecurity>N</isRepurchaseSecurity>
      <isDefaultLongTermDebt>N</isDefaultLongTermDebt>
      <isDividendsInArrears>N</isDividendsInArrears>
      <isSecuritiesModified>N</isSecuritiesModified>
      <managementFee>1.00000000</managementFee>
      <netOperatingExpenses>1.08000000</netOperatingExpenses>
      <marketPricePerShare>16.74000000</marketPricePerShare>
      <netAssetValuePerShare>16.13000000</netAssetValuePerShare>
    </closedEndManagementInvestment>
    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
      <isNewOrAmendedInvAdvContracts>true</isNewOrAmendedInvAdvContracts>
    </attachmentsTab>
    <signature registrantSignedName="Eaton Vance Tax-Managed Buy-Write Opportunities Fund" signedDate="2022-03-07" signature="James Kirchner" title="Treasurer"/>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ADVISORY CONTRACTS
<SEQUENCE>2
<FILENAME>NCEN_811-21735_46305056_1221.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>etv.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">
<a name="page_1"></a><a name="_bclPageBorder1"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">EATON
VANCE TAX-MANAGED BUY-WRITE OPPORTUNITIES FUND</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">INVESTMENT
ADVISORY AGREEMENT</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; AGREEMENT made as of this 1<sup>st</sup> day of March, 2021,
between Eaton Vance Tax-Managed Buy-Write Opportunities Fund, a Massachusetts
business trust (the &#8220;Trust&#8221;), and Eaton Vance Management, a Massachusetts
business trust (the &#8220;Adviser&#8221;).</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1.</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Duties of the Adviser</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">.&#160; The Trust hereby
employs the Adviser to act as investment adviser for and to manage the
investment and reinvestment of the assets of the Trust and to administer its
investment affairs, subject to the supervision of the Trustees of the Trust,
for the period and on the terms set forth in this Agreement.</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (a) &#160;&#160;&#160;&#160;&#160;&#160; The Adviser hereby accepts such
employment, and undertakes to afford to the Trust the advice and assistance of
the Adviser&#8217;s organization in the choice of investments and in the purchase and
sale of securities for the Trust and to furnish for the use of the Trust office
space and all necessary office facilities, equipment and personnel for servicing
the investments of the Trust and for administering its investment affairs and
to pay the salaries and fees of all officers and Trustees of the Trust who are
members of the Adviser&#8217;s organization and all personnel of the Adviser
performing services relating to research and investment activities.&#160; The
Adviser shall for all purposes herein be deemed to be an independent contractor
and shall, except as otherwise expressly provided or authorized, have no
authority to act for or represent the Trust in any way or otherwise be deemed
an agent of the Trust.</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Adviser shall provide the
Trust with such investment management and supervision as the Trust may from
time to time consider necessary for the proper supervision of the Trust&#8217;s
investments.&#160; As investment adviser to the Trust, the Adviser shall furnish
continuously an investment program and shall determine from time to time what
securities and other investments shall be acquired, disposed of or exchanged
and what portion of the Trust&#8217;s assets shall be held uninvested, subject always
to the applicable restrictions of the Declaration of Trust, By-Laws and
registration statement of the Trust under the Investment Company Act of 1940,
as amended (the &#8220;1940 Act&#8221;). The Adviser is authorized, in its discretion and
without prior consultation with the Trust, to buy, sell, and otherwise trade in
any and all types of securities, commodities, derivatives and investment
instruments on behalf of the Trust. Should the Trustees of the Trust at any
time, however, make any specific determination as to investment policy for the
Trust and notify the Adviser thereof in writing, the Adviser shall be bound by
such determination for the period, if any, specified in such notice or until
similarly notified that such determination has been revoked.&#160; The Adviser shall
take, on behalf of the Trust, all actions that it deems necessary or desirable
to implement the investment policies of the Trust.</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (c)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
Adviser shall place all orders for the purchase or sale of portfolio investments
for the account of the Trust either directly with the issuer or with brokers,
dealers, futures commission merchants, or other market participants selected by
the Adviser, and, to that end, the </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">Adviser is
authorized, as the agent of the Trust, to give instructions to the custodian of
the Trust as to deliveries of investments and payments of cash for the account
of the Trust.&#160; In connection with the selection of such brokers, dealers,
futures commission merchants, or other market participants and the placing of
such orders, the Adviser shall use its best efforts to seek to execute security
transactions at prices that are advantageous to the Trust and (when a disclosed
commission is being charged) at commission rates that are reasonable in
relation to the benefits received. Subject to the policies and procedures
adopted by the Board of Trustees of the Trust, in selecting brokers or dealers qualified to execute a
particular transaction, brokers or dealers may be selected who also provide
brokerage and research services (as those terms are defined in Section 28(e) of
the Securities Exchange Act of 1934) to the Adviser and the Adviser is
expressly authorized to cause the Trust to pay any broker or dealer who
provides such brokerage and research services a commission for executing a
security transaction which is in excess of the amount of commission another
broker or dealer would have charged for effecting that transaction if the
Adviser determines in good faith that such amount of commission is reasonable in
relation to the value of the brokerage and research services provided by such
broker or dealer, viewed in terms of either that particular transaction or the
overall responsibilities which the Adviser and its affiliates have with respect
to the Trust and to other accounts over which they exercise investment
discretion.&nbsp;</font></p>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_2"></a><a name="_bclPageBorder2"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader2"></a><DIV>


<p align=left style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">EATON VANCE TAX-MANAGED BUY-WRITE OPPORTUNITIES FUND</font></p>


</DIV>


<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Notwithstanding the foregoing, the Adviser
shall not be deemed to have assumed any duties with respect to, and shall not
be responsible for, the distribution of shares of the Trust, nor shall the
Adviser be deemed to have assumed or have any responsibility with respect to
functions specifically assumed by any transfer agent, administration, custodian
or shareholder servicing agent of the Trust.</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">2.</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Compensation of the Adviser</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">. &#160;For the
services, payments and facilities to be furnished hereunder by the Adviser, the
Adviser shall be entitled to receive from the Trust the compensation described
on Appendix A hereto</font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">.&#160; </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3.</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Allocation of Charges and
Expenses</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">.&#160; The Adviser shall pay the entire salaries and fees of all of the
Trust&#8217;s Trustees and officers employed by the Adviser and who devote part or
all of their time to the affairs of the Adviser, and the salaries and fees of
such persons shall not be deemed to be expenses incurred by the Trust for
purposes of this Section 3.&#160; Except as provided in the foregoing sentence, it
is understood that the </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">Trust </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">will pay
all expenses other than those expressly stated to be payable by the Adviser
hereunder, which expenses payable by the </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">Trust
shall include, without implied limitation (i) expenses of maintaining the Trust
and continuing its existence</font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">; (ii) registration of the Trust under the
1940 Act; (iii) commissions, spreads, fees and other expenses connected with
the acquisition, holding and disposition of securities and other investments;
(iv) auditing, accounting and legal expenses; (v) taxes and interest; (vi)
governmental fees,</font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;"> (vii) expenses of listing
shares of the Trust with a stock exchange, and expenses of </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">issue, sale, </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">repurchase </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">and redemption </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">(if any) of shares of the Trust, including
expenses of conducting tender offers for the purpose of repurchasing Trust
shares;</font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;"> (viii) fees and expenses of registering, qualifying, and
maintaining the Trust</font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;"> and its shares under
applicable federal and state securities laws and of preparing and filing
registration statements, </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">other offering statements or memoranda, and
other reports, forms, and documents required to be filed by the Trust with the
Securities and Exchange Commission (the &#8220;SEC&#8221;) and any other regulatory body, </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">and for printing and distributing the same to
shareholders; (ix) expenses of reports and notices to shareholders and of
meetings of shareholders and proxy solicitations therefor; (x) expenses of
reports to governmental officers and commissions; (xi) insurance expenses;
(xii) association membership dues; (xiii) fees, expenses and disbursements of
custodians and subcustodians for all services to the </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">Trust </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">(including without limitation safekeeping of funds,
securities and other investments, keeping of books, accounts and records, and
determination of net asset values); (xiv) fees, expenses and disbursements of
transfer agents, dividend disbursing agents, shareholder servicing agents and
registrars for all services to the </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">Trust;</font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">
(xv) expenses for servicing shareholder accounts; (xvi) any direct charges to
the Trust or shareholders approved by the Trustees of the Trust; (xvii)
compensation and expenses of Trustees of the Trust who are not members of the
Adviser&#8217;s organization; (xviii) any pricing or valuation services employed </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">by the Trust</font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;"> to value its investments
including primary and comparative valuation services; (xix) any investment
advisory, sub-investment advisory, or similar management fee payable by the
Trust; (xx) all expenses incurred in connection with the Trust&#8217;s use of a line
of credit, other borrowings or leverage; and (xxi) such non-recurring items as
may arise, including expenses incurred in connection with litigation,
proceedings and claims and the obligation of the Trust to indemnify its
Trustees, officers and shareholders with respect thereto.</font></p>
<a name="_bclFooter2"></a><DIV>


<p align=center style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">2</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;"></font></font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_3"></a><a name="_bclPageBorder3"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader3"></a><DIV>


<p align=left style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">EATON VANCE TAX-MANAGED BUY-WRITE OPPORTUNITIES FUND</font></p>


</DIV>


<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:4.0pt;page-break-after:avoid;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4.</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Other
Interests</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">.&#160; It is understood that Trustees and officers of the Trust and
shareholders </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">of the Trust are or may be or
become interested in the Adviser as trustees, officers, employees, shareholders
or </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">otherwise and that trustees, officers, employees and shareholders of
the Adviser are or may be or become similarly interested in the </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">Trust, and that the Adviser may be or become
interested in the Trust </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">as a shareholder or otherwise.&#160; It is also
understood that trustees, officers, employees and shareholders of the Adviser
may be or become interested (as directors, trustees, officers, employees,
shareholders or otherwise) in other companies or entities (including, without
limitation, other investment companies) that the Adviser may organize, sponsor
or acquire, or with which it may merge or consolidate, and which may include
the words &#8220;Eaton Vance&#8221; or any combination thereof as part of their name, and
that the Adviser or its subsidiaries or affiliates may enter into advisory or
management agreements or other contracts or relationships with such other
companies or entities.</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 5.</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Limitation
of Liability of the Adviser</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">.&#160; In the absence of willful misfeasance, bad
faith, gross negligence or reckless disregard of obligations or duties
hereunder on the part of the Adviser, the Adviser shall not be subject to
liability to the Trust or to any shareholder of the </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">Trust </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">for any act or omission in the course of, or connected
with, rendering services hereunder or for any losses that may be sustained in
the acquisition, holding or disposition of any security or other investment.</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">A
copy of the Declaration of Trust of the Adviser is on file with the Secretary
of The Commonwealth of Massachusetts, and notice is hereby given that this
Agreement is executed on behalf of the Adviser by an officer in his or her
capacity as an officer and not individually. The Trust expressly acknowledges
the provisions in the Declaration of Trust of the Adviser limiting the personal
liability of the trustees, officers, and shareholders of the Adviser, and the
Trust hereby agrees that it shall have recourse to the Adviser for payment of
claims or obligations as </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">between the Adviser and the
Trust arising out of this Agreement and shall not seek satisfaction from the
trustees, officers, or shareholders of the Adviser.</font></p>
<a name="_bclFooter3"></a><DIV>


<p align=center style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">3</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;"></font></font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_4"></a><a name="_bclPageBorder4"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader4"></a><DIV>


<p align=left style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">EATON VANCE TAX-MANAGED BUY-WRITE OPPORTUNITIES FUND</font></p>


</DIV>


<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 6.</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Sub-Investment
Advisers</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">.&#160; The Adviser may employ one or more sub-investment advisers from
time to time to perform any of the Adviser&#8217;s duties under this Agreement, upon
such terms and conditions as may be agreed upon between the Adviser and such
sub-investment adviser and approved by the Trustees of the Trust, all as
permitted by the 1940 Act.&#160; The performance of each such sub-investment adviser
of its obligation under any such agreement shall be supervised by the Adviser.&#160;
Further, the Adviser may, with the approval of the Trustees of the Trust and
without the vote of any shareholders of the Trust, terminate any agreement with
any sub-investment adviser and/or enter into an agreement with one or more
other sub-investment advisers, all as permitted by the 1940 Act and the rules
thereunder.&#160; </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">In the event a sub-investment
adviser is employed, the Adviser retains the authority to immediately assume
responsibility for any functions delegated to a sub-investment adviser, subject
to approval by the Board and notice to the sub-investment adviser.&#160; </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 7.</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Duration
and Termination of this Agreement</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">.&#160; This
Agreement shall become effective upon the date of its execution, and, unless
terminated as herein provided, shall remain in full force and effect through
and including the second anniversary of the execution of this Agreement and
shall continue in full force and effect indefinitely thereafter, but only so
long as such continuance after such second anniversary is specifically approved
at least annually: (i) by
the Board of Trustees of the Trust or by vote of a majority of the outstanding
voting securities </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">of the Trust </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">and
(ii) by the vote of a majority of those Trustees of the Trust who are not
interested persons of the Adviser or the Trust cast in person at a meeting
called for the purpose of voting on such approval.</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">Either
party hereto may, at any time on sixty (60) days&#8217; prior written notice to the
other, terminate this Agreement without the payment of any penalty, by action
of Trustees of the Trust or the trustees of the Adviser, as the case may be,
and the Trust may, at any time upon such written notice to the Adviser,
terminate this Agreement by vote of a majority of the outstanding voting
securities of </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">the Trust.&#160; This Agreement </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">shall
terminate automatically in the event of its assignment.</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 8.</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Amendments
of the Agreement</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">.&#160; This Agreement may be amended by a writing signed by
both parties hereto, provided that no amendment to this Agreement shall be
effective until approved in a manner consistent with the requirements of the
1940 Act.</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 9.</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Limitation
of Liability of Trustees and Officers of the Trust</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">. </font><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">A copy of the
Declaration of Trust of the Trust is on file with the Secretary of The
Commonwealth of Massachusetts, and notice is hereby given that this Agreement
is executed on behalf of the Trust by an officer in his or her capacity as </font><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">an officer and not individually. </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">The Adviser expressly acknowledges the provisions in the
Declaration of Trust of the Trust limiting the personal liability of the
Trustees, officers, and shareholders of the Trust, and the Adviser hereby
agrees that it shall have recourse to the Trust for payment of claims or
obligations as between the Trust and the Adviser arising out of this Agreement
and shall not seek satisfaction from the Trustees, officers, or shareholders of
the Trust or any Trustee, officer, or shareholder of the Trust.</font></p>
<a name="_bclFooter4"></a><DIV>


<p align=center style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">4</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;"></font></font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_5"></a><a name="_bclPageBorder5"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader5"></a><DIV>


<p align=left style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">EATON VANCE TAX-MANAGED BUY-WRITE OPPORTUNITIES FUND</font></p>


</DIV>


<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 10.&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">Use
of the Name &#8220;Eaton Vance&#8221;.</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160; The Adviser hereby consents to the use by </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">the Trust of the name &#8220;Eaton Vance&#8221; as part of the
Trust&#8217;s name; provided, however, that such consent shall be conditioned upon
the employment of the Adviser or one of its affiliates as the investment
adviser of the Trust.&#160; The name &#8220;Eaton Vance&#8221; or any variation thereof may be
used from time to time in other connections and for other purposes by the
Adviser and its affiliates and other investment companies that have obtained
consent to the use of the name &#8220;Eaton Vance&#8221;.&#160; The Adviser shall have the right
to require the Trust to cease using the name &#8220;Eaton Vance&#8221; as part of the
Trust&#8217;s name if the Trust ceases, for any reason, to employ the Adviser or one
of its affiliates as the Trust&#8217;s investment adviser.&#160; Future names adopted by
the Trust for itself, </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">insofar as such names include identifying words
requiring the consent of the Adviser, shall be the property of the Adviser and
shall be subject to the same terms and conditions.</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">11.&#160; &#160;&#160;&#160;&#160; </font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">No Third Party
Beneficiaries.</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160; Nothing in this Agreement, express or implied, is intended
to or shall confer upon any person not a party hereto any right, benefit or
remedy of any nature whatsoever under or by reason of this Agreement.</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">12.&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">Non-Exclusive Services.</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;
The services of the Adviser to the </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">Trust </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">are
not to be deemed to be exclusive, the Adviser being free to render services to
others and engage in other business activities.&#160; It is understood that the
Adviser and its affiliates perform investment services, including rendering investment
advice, to varied clients. It is understood that the Adviser or any of its
affiliates may give advice or take action for other accounts that may differ
from, conflict with or be adverse to advice given or taken for the Trust. It is
understood that certain securities or instruments may be held in some accounts
but not in others, or the accounts may have different levels of holdings in
certain securities or instruments and the accounts may remit different levels
of fees to the Adviser. In addition, it is understood that the Adviser or any
of its affiliates may give advice or take action with respect to the
investments of the Trust that may not be given or taken with respect to one or
more accounts with similar investment programs, objectives, and strategies. The
Trust acknowledges that the Adviser, its affiliates and their respective
officers, directors, and/or employees may from time to time have positions in
or transact in securities and other investments recommended to clients,
including the Trust. Such transactions may differ from or be inconsistent with
the advice given, or the timing or nature of the Adviser&#8217;s action or actions
with respect to the Trust. The Adviser may aggregate the Trust&#8217;s orders with
orders of its proprietary accounts and/or orders of other clients.&#160; </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">13.</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160; Certain Definitions</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">.&#160;
The terms &#8220;assignment&#8221; and &#8220;interested persons&#8221; when used herein shall have the
respective meanings specified in the 1940 Act as now in effect or as </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">hereafter amended subject, however, to such exemptions as
may be granted by any rule, regulation or order by the SEC.&#160; The term &#8220;vote of
a majority of the outstanding voting securities&#8221; shall mean the vote, at a
meeting of shareholders, of the lesser of (a) 67 per centum or more of the
shares of the </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">Trust</font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;"> present or
represented by proxy at the meeting if the shareholders of more than 50 per
centum of the outstanding shares of the </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">Trust
are </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">present or represented by proxy at the meeting, or (b) more than 50
per centum of the outstanding shares of the </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">Trust</font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">.&#160;
</font><font face=arial,sans-serif lang=EN-GB style="font-size:11.0pt;line-height:107%;">In addition,
where the effect of a requirement of the 1940 Act reflected in any provision of
this Agreement is modified or interpreted by any applicable order or orders of
the SEC, any rules or regulations adopted by, or interpretative releases of,
the SEC, or any applicable guidance issued by the staff of the SEC, such
provision will be deemed to incorporate the effect of such order, rule,
regulation, interpretative release, or guidance.</font></p>
<a name="_bclFooter5"></a><DIV>


<p align=center style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">5</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;"></font></font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_6"></a><a name="_bclPageBorder6"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader6"></a><DIV>


<p align=left style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">EATON VANCE TAX-MANAGED BUY-WRITE OPPORTUNITIES FUND</font></p>


</DIV>


<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">14.&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">Miscellaneous</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">.</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; If any term or provision of this
Agreement or the application thereof to any person or circumstance is held to
be invalid or unenforceable to any extent, the remainder of this Agreement or
the application of such provision to other persons or circumstances shall not
be affected thereby and shall be enforced to the fullest extent permitted by
law.</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; This Agreement shall be governed by
and interpreted in accordance with the laws of The Commonwealth of
Massachusetts.</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (c)&#160;&#160;&#160;&#160;&#160;&#160;&#160; This Agreement may be executed by
the parties hereto in any number of counterparts, and all of said counterparts
taken together shall be deemed to constitute one and the same instrument.</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p align=center style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">[Signature page follows]</font></i></p>




<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>


<a name="_bclFooter6"></a><DIV>


<p align=center style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">6</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;"></font></font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_7"></a><a name="_bclPageBorder7"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader7"></a><DIV>


<p align=left style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">EATON VANCE TAX-MANAGED BUY-WRITE OPPORTUNITIES FUND</font></p>


</DIV>
<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
as of the day and year first above written.</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:3.0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:3.0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">EATON
VANCE TAX-MANAGED BUY-WRITE OPPORTUNITIES FUND</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; By:&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">/s/
Deidre E. Walsh&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></u></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Deidre
E. Walsh </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Vice
President and not individually</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; EATON
VANCE MANAGEMENT</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; By:&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">/s/
Maureen A. Gemma&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></u></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Maureen
A. Gemma </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Vice
President and not individually</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;">&nbsp;</font></p>








<p align=center style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;text-decoration:none;">&nbsp;</font></b></p>


<a name="_bclFooter7"></a><DIV>


<p align=center style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">7</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;"></font></font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_8"></a><a name="_bclPageBorder8"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=center style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><u><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">APPENDIX A</font></u></b></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">For
the services, payments and facilities furnished by the Adviser under this
Agreement, the Adviser is entitled to receive from the Trust compensation as
set forth below:</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&#160;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">A
fee in an amount equal to 1.00% annually of the average daily gross assets of
the Trust.&#160; For purposes of this calculation, &#8220;gross assets&#8221; of the Trust shall
mean total assets of the Trust, including any form of investment leverage,
minus all accrued expenses incurred in the normal course of operations, but not
excluding any liabilities or obligations attributable to investment leverage
obtained through (i) indebtedness of any type (including, without limitation,
borrowing through a credit facility or the issuance of debt securities), (ii)
the issuance of preferred stock or other similar preference securities, (iii)
the reinvestment of collateral received for securities loaned in accordance
with the Trust&#8217;s investment objectives and policies, and/or (iv) any other
means.</font><b><font face=arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:107%;"> </font></b></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></b></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">In
case of initiation or termination of the Agreement during any month</font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;line-height:107%;"> with respect to the Trust</font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">, the fee for
that month shall be reduced proportionately on the basis of the number of
calendar days during which the Agreement is in effect.</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">Such
compensation shall be paid monthly in arrears. The Adviser may, from time to
time, waive all or a part of the above compensation.&#160; </font></p>

<p style="margin-bottom:8.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:107%;">&nbsp;</font></p>




</DIV>
</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>INTERNAL CONTROL RPT
<SEQUENCE>3
<FILENAME>NCEN_811-21735_23519212_1221.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>ataxmanagedbuywriteoppo.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">
<a name="page_1"></a><a name="_bclPageBorder1"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:2.95pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.05pt;">REPORT</font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.45pt;">
</font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">OF</font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.55pt;"> </font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">INDEPENDENT</font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.05pt;">REGISTERED</font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.45pt;"> </font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.05pt;">PUBLIC</font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.45pt;"> </font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">ACCOUNTING</font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.5pt;"> </font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.05pt;">FIRM</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.3pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:.05pt;">To</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.05pt;">the</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.45pt;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Trustees</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;">
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.05pt;">and</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.3pt;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.05pt;">Shareholders</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.05pt;">of</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.3pt;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.05pt;">Eaton</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.05pt;">Vance</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.3pt;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Tax-Managed</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.3pt;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Buy-Write</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.4pt;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.05pt;">Opportunities</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.05pt;">Fund:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.05pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:11.25pt;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In planning and performing our audit
of the financial statements of Eaton Vance Tax-Managed Buy-Write Opportunities
Fund (the &quot;Fund&quot;) as of and for the year ended December 31, 2021, in
accordance with the standards of the Public Company Accounting Oversight Board
(United States) (PCAOB), we considered the Fund's internal control over
financial reporting, including controls over safeguarding securities, as a
basis for designing our auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with the requirements of Form
N-CEN, but not for the purpose of expressing an opinion on the effectiveness of
the Fund's internal control over financial reporting. Accordingly, we express
no such opinion.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.05pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:11.25pt;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The management of the Fund is
responsible for establishing and maintaining effective internal control over
financial reporting. In fulfilling this responsibility, estimates and judgments
by management are required to assess the expected benefits and related costs of
controls. A fund's internal control over financial reporting is a process
designed to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles. A fund's internal
control over financial reporting includes those policies and procedures that
(1) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of the assets
of the fund; (2) provide reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements in accordance with
generally accepted accounting principles, and that receipts and expenditures of
the fund are being made only in accordance with authorizations of management
and trustees of the fund; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use, or disposition
of a fund's assets that could have a material effect on the financial
statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.5pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:11.25pt;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Because of its inherent limitations,
internal control over financial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become inadequate because of
changes in conditions, or that the degree of compliance with the policies or
procedures may deteriorate.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.5pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:11.25pt;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">A deficiency in internal control
over financial reporting exists when the design or operation of a control does
not allow management or employees, in the normal course of performing their
assigned functions, to prevent or detect misstatements on a timely basis. A
material weakness is a deficiency, or a combination of deficiencies, in
internal control over financial reporting, such that there is a reasonable
possibility that a material misstatement of the fund's annual or interim
financial statements will not be prevented or detected on a timely basis.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.5pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:11.25pt;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Our consideration of the Fund's
internal control over financial reporting was for the limited purpose described
in the first paragraph and would not necessarily disclose all deficiencies in
internal control that might be material weaknesses under standards established by
the PCAOB. However, we noted no deficiencies in the Fund's internal control
over financial reporting and its operation, including controls for safeguarding
securities, that we consider to be a material weakness, as defined above, as of
December 31, 2021.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.05pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:10.3pt;margin-top:0in;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">This report is
intended solely for the information and use of management and the Trustees of
Eaton Vance Tax-Managed Buy-Write Opportunities Fund and the Securities and
Exchange Commission and is not intended to be and should not be used by anyone
other than these specified parties.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.35pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.35pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.35pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.35pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">/s/ Deloitte &amp; Touche LLP</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:.35pt;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:366.1pt;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.05pt;">Boston,</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-1.1pt;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.05pt;">Massachusetts</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:366.1pt;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.05pt;">February</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.5pt;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.05pt;">17,</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;letter-spacing:-.35pt;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2022</font></p>




</DIV>
</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ADVISORY CONTRACTS
<SEQUENCE>4
<FILENAME>NCEN_811-21735_58751297_1221.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>etv.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">
<a name="page_1"></a><a name="_bclPageBorder1"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">INVESTMENT SUB-ADVISORY AGREEMENT</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">between</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">EATON
VANCE MANAGEMENT</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">PARAMETRIC
PORTFOLIO ASSOCIATES LLC</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">for</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;text-transform:uppercase;">Eaton Vance Tax-Managed Buy-Write OPPORTUNITIES Fund</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; AGREEMENT
made </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;">as of </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">this 1<sup>st</sup> day of
March, 2021, between Eaton Vance Management, a Massachusetts business trust
(the &#8220;Adviser&#8221;), and Parametric Portfolio Associates LLC, a Delaware limited
liability company (the &#8220;Sub-Adviser&#8221;).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; WHEREAS,
the Adviser has entered into an Investment Advisory Agreement (the &#8220;Advisory
Agreement&#8221;) with Eaton Vance Tax-Managed Buy-Write Opportunities Fund, a
Massachusetts business trust (the &#8220;Trust&#8221;), relating to the provision of
portfolio management services to the Trust; and </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; WHEREAS,
the Advisory Agreement provides that the Adviser may delegate any or all of its
portfolio management responsibilities under the Advisory Agreement to one or
more sub-investment advisers; and </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; WHEREAS,
the Adviser and the Trustees of the Trust desire to retain the Sub-Adviser to
render portfolio management services to the Trust in the manner and on the
terms set forth in this Investment Sub-Advisory Agreement (the &#8220;Agreement&#8221;);</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; NOW
THEREFORE, in consideration of the mutual covenants and agreements set forth
herein, the Adviser and the Sub-Adviser agree as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1.</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Duties
of the Sub-Adviser</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">.&#160; The Adviser hereby employs the Sub-Adviser to act as
investment adviser for and to manage the investment and reinvestment of the
assets of the Trust and to administer its investment affairs, subject to the
supervision of the Adviser and the Trustees of the Trust, for the period and on
the terms set forth in this Agreement. Subject to approval of the Trust's Board
and notice to the Sub-Adviser, the Adviser retains complete authority
immediately to assume direct responsibility for any function delegated to the
Sub-Adviser under this Agreement.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
Sub-Adviser hereby accepts such employment and undertakes to afford to the
Trust the advice and assistance of the Sub-Adviser&#8217;s organization in the choice
of investments and in the purchase and sale of securities for the Trust and to
furnish, for the use of the Trust, office space and all necessary office
facilities, equipment and personnel for servicing the investments of the Trust
and for administering its investment affairs and to pay the salaries and fees
of all officers and Trustees of the Trust who are members of the Sub-Adviser&#8217;s
organization and all personnel of the Sub-Adviser performing services relating
to research and investment activities.&#160; The Sub-Adviser shall for all purposes
herein be deemed to be an independent contractor and shall, except as otherwise
expressly provided or authorized, have no authority to act for or represent the
Adviser or the Trust in any way or otherwise be deemed an agent of the Adviser
or the Trust.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
Sub-Adviser shall provide the Trust with such investment management and
supervision as the Adviser may, from time to time, consider necessary for the
proper supervision of the Trust&#8217;s investments. The services to be provided by
the Sub-Adviser hereunder will apply to the portion of the Trust&#8217;s assets that
Adviser or the Trustees of the Trust shall from time to time designate, which
may consist of all or a portion of the Trust&#8217;s assets. As investment
sub-adviser to the Trust, the Sub-Adviser shall furnish continuously an
investment </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">program and shall determine, from time to
time, what securities and other investments shall be acquired, disposed of or
exchanged and what portion of the Trust&#8217;s assets shall be held uninvested,
subject always to the applicable restrictions of the Trust&#8217;s Declaration of
Trust, By-Laws and registration statement under the Investment Company Act of
1940, as amended (the &#8220;1940 Act&#8221;).&#160; The Sub-Adviser is authorized, in its
discretion and without prior consultation with the Adviser or the Trust, to
buy, sell, and otherwise trade in any and all types of securities, commodities,
derivatives, and investment instruments on behalf of the Trust.&#160; Should the
Trustees of the Trust or the Adviser at any time, however, make any specific
determination as to investment policy for the Trust and notify the Sub-Adviser
thereof in writing, the Sub-Adviser shall be bound by such determination for
the period, if any, specified in such notice or until similarly notified that
such determination has been revoked.&#160; The Sub-Adviser shall assure that the
Trust complies with its investment policies and restrictions as set forth in
the Trust&#8217;s registration statement and shall take, on behalf of the Trust, all
actions that it deems necessary or desirable to implement the investment
policies of the Trust.</font></p>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_2"></a><a name="_bclPageBorder2"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader2"></a><DIV>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;text-transform:uppercase;">Eaton Vance Tax-Managed Buy-Write opportunities Fund</font></p>


</DIV>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (c)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
Sub-Adviser shall place all orders for the purchase or sale of portfolio
investments for the account of the Trust either directly with the issuer or
with brokers, dealers, futures commission merchants, or other market
participants selected by the Sub-Adviser, and, to that end, the Sub-Adviser is
authorized as the agent of the Trust to give instructions to the custodian of
the Trust as to deliveries of investments and payments of cash for the account
of the Trust.&#160; In connection with the selection of such brokers, dealers, futures
commission merchants, or other market participants and the placing of such
orders, the Sub-Adviser shall use its best efforts to seek to execute security
transactions at prices that are advantageous to the Trust and (when a disclosed
commission is being charged) at commission rates that are reasonable in
relation to the benefits received. Subject to the policies and procedures
adopted by the Board of Trustees of the Trust, in selecting brokers or dealers
qualified to execute a particular transaction, brokers or dealers may be
selected who also provide brokerage and research services (as those terms are
defined in Section 28(e) of the Securities Exchange Act of 1934) to the
Sub-Adviser and the Sub-Adviser is expressly authorized to cause the Trust to
pay any broker or dealer who provides such brokerage and research services a
commission for executing a security transaction which is in excess of the
amount of commission another broker or dealer would have charged for effecting
that transaction if the Sub-Adviser determines in good faith that such amount
of commission is reasonable in relation to the value of the brokerage and
research services provided by such broker or dealer, viewed in terms of either
that particular transaction or the overall responsibilities which the
Sub-Adviser and its affiliates have with respect to the Trust and to other
accounts over which they exercise investment discretion.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (d)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
Sub-Adviser shall furnish such reports, evaluations, information or analyses to
the Trust and the Adviser as the Trust&#8217;s Board of Trustees or the Adviser may
reasonably request from time to time, or as the Sub-Adviser may deem to be
desirable.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (e)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Each
of the Adviser and the Sub-Adviser shall exercise reasonable care in the
performance of its duties under the Agreement and will conduct its activities
hereunder in compliance with the applicable requirements of the 1940 Act and
all rules and regulations thereunder, all other applicable federal and state
laws, any applicable procedures adopted by the Trust&#8217;s Board that have been
provided to the Sub-Adviser, and the provisions of the Trust&#8217;s registration
statement, each as may be amended.&#160; The Sub-Adviser will furnish to regulatory
authorities having the requisite authority any information or reports in
connection with its services in respect to the Trust which may be requested by
such authorities in order to ascertain whether the operations of the Trust are
being conducted in a manner consistent with applicable laws and regulations. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


<a name="_bclFooter2"></a><DIV>


<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">2</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"></font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_3"></a><a name="_bclPageBorder3"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader3"></a><DIV>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;text-transform:uppercase;">Eaton Vance Tax-Managed Buy-Write opportunities Fund</font></p>


</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 2.</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Compensation of the
Sub-Adviser</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">.&#160; For the services, payments and facilities to be furnished
hereunder by the Sub-Adviser, to the extent the Adviser receives at least such
amount from the Trust pursuant to the Advisory Agreement, the Sub-Adviser shall
be entitled to receive from the Adviser </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;">the
compensation specified in </font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;">Appendix A</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;"> hereto.&#160; </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">The Adviser is
solely responsible for the payment of the compensation to the Sub-Adviser, and
the Sub-Adviser agrees to seek payment of its compensation solely from the
Adviser. The Trust shall have no liability for Sub-Adviser's compensation
hereunder.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 3.</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Allocation
of Charges and Expenses</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">.&#160; It is understood that the Trust will pay all
expenses other than those expressly stated to be payable by the Sub-Adviser
hereunder or by the Adviser under the Advisory Agreement, which expenses
payable by the Trust shall include, without implied limitation, (i) expenses of
maintaining the Trust and continuing its existence; (ii) registration of the
Trust under the 1940 Act; (iii) commissions, spreads, fees and other expenses
connected with the acquisition, holding and disposition of securities and other
investments; (iv) auditing, accounting and legal expenses; (v) taxes and interest;
(vi) governmental fees; (vii) expenses of listing shares of the Trust with a
stock exchange, and expenses of issue, sale, repurchase and redemption (if any)
of shares of the Trust, including expenses of conducting tender offers for the
purpose of repurchasing Trust shares; (viii) fees and expenses of registering,
qualifying, and maintaining the Trust and its shares under applicable federal
and state securities laws and of preparing and filing registration statements,
other offering statements or memoranda, and other reports, forms, and documents
required to be filed by the Trust with the Securities and Exchange Commission
(the &#8220;SEC&#8221;) and any other regulatory body, and for printing and distributing
the same to shareholders; (ix) expenses of reports and notices to shareholders
and of meetings of shareholders and proxy solicitations therefor; (x) expenses
of reports to governmental officers and commissions; (xi) insurance expenses;
(xii) association membership dues; (xiii) fees, expenses and disbursements of custodians
and subcustodians for all services to the Trust (including without limitation
safekeeping of funds, securities and other investments, keeping of books,
accounts and records, and determination of net asset values); (xiv) fees,
expenses and disbursements of transfer agents, dividend disbursing agents,
shareholder servicing agents and registrars for all services to the Trust; (xv)
expenses for servicing shareholder accounts; (xvi) any direct charges to the
Trust or shareholders approved by the Trustees of the Trust; (xvii)
compensation and expenses of Trustees of the Trust who are not members of the
Adviser&#8217;s or the Sub-Adviser&#8217;s organizations; (xviii) any pricing or valuation
services employed by the Trust to value its investments including primary and
comparative valuation services; (xix) any investment advisory, sub-investment
advisory, or similar management fee payable by the Trust; (xx) all expenses
incurred in connection with the Trust&#8217;s use of a line of credit, other
borrowings or leverage; and (xxi) such non-recurring items as may arise,
including expenses incurred in connection with litigation, proceedings and
claims and the obligation of the Trust to indemnify its Trustees, officers, and
shareholders with respect thereto.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4.</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Other
Interests</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">.&#160; It is understood that Trustees, officers, and shareholders of
the Trust are or may be or become interested in the Sub-Adviser as trustees,
officers, employees, shareholders or otherwise and that trustees, officers,
employees and shareholders of the Sub-Adviser are or may be or become similarly
interested in the Trust, and that the Sub-Adviser may be or become interested
in the Trust as a shareholder or otherwise.&#160; It is also understood that
trustees, officers, employees and shareholders of the Sub-Adviser may be or
become interested (as directors, trustees, officers, employees, shareholders or
otherwise) in other companies or entities (including, without limitation, other
investment companies) that the Sub-Adviser may organize, sponsor, or acquire,
or with which it may merge or consolidate, and which may include the words
&#8220;Parametric&#8221; or any combination thereof as part of their name, and that the
Sub-Adviser or its subsidiaries or affiliates may enter into advisory or
management agreements or other contracts or relationships with such other
companies or entities. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


<a name="_bclFooter3"></a><DIV>


<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">3</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"></font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_4"></a><a name="_bclPageBorder4"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader4"></a><DIV>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;text-transform:uppercase;">Eaton Vance Tax-Managed Buy-Write opportunities Fund</font></p>


</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">The services of the
Sub-Adviser to the Adviser for the benefit of the Trust are not to be deemed to
be exclusive and the Sub-Adviser is free to render services to others and
engage in other business activities. It is understood that the Sub-Adviser and
its affiliates perform investment services, including rendering investment
advice, to varied clients. It is understood that the Sub-Adviser or any of its
affiliates may give advice or take action for other accounts that may differ
from, conflict with, or be adverse to advice given or taken for the Trust. It
is understood that certain securities or instruments may be held in some
accounts but not in others, or the accounts may have different levels of holdings
in certain securities or instruments and the accounts may remit different
levels of fees to the Sub-Adviser. In addition, it is understood that the
Sub-Adviser or any of its affiliates may give advice or take action with
respect to the investments of the Trust that may not be given or taken with
respect to one or more accounts with similar investment programs, objectives,
and strategies. The Trust acknowledges that the Sub-Adviser, its affiliates,
and their respective officers, directors, and/or employees may from time to
time have positions in or transact in securities and other investments
recommended to clients, including the Trust. Such transactions may differ from
or be inconsistent with the advice given, or the timing or nature of the Sub-Adviser&#8217;s
action or actions with respect to the Trust. The Sub-Adviser may aggregate the
Trust&#8217;s orders with orders of its proprietary accounts and/or orders of other
clients.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 5.</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Sub-Adviser
Compliance.</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
Sub-Adviser represents and warrants that it is a duly registered investment
adviser under the Investment Advisers Act of 1940, as amended (the &#8220;Advisers
Act&#8221;) and will maintain such registration so long as this Agreement remains in
effect.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; As
required by Rule 206(4)-7 under the Advisers Act, the Sub-Adviser has adopted
written policies and procedures reasonably designed to prevent violation by it,
or any of its supervised persons, of the Advisers Act and the rules under the
Advisers Act and all other laws and regulations relevant to the performance of
its duties under this Agreement. The Sub-Adviser has designated a chief
compliance officer responsible for administering these compliance policies and
procedures. The chief compliance officer at the Sub-Adviser's expense shall
provide such written compliance reports relating to the operations and
compliance procedures of the Sub-Adviser to the Adviser and/or the Trust and
their respective chief compliance officers as may be required by law or
regulation or as are otherwise reasonably requested. Moreover, the Sub-Adviser
agrees to use such other or additional compliance techniques as the Adviser or
the Board may reasonably adopt or approve, including written compliance
procedures.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (c)
&#160;&#160;&#160;&#160;&#160;&#160; The Sub-Adviser agrees that it shall promptly notify, if legally
permitted, the Adviser and the Trust (i) in the event that the SEC has censured
the Sub-Adviser; placed limitations upon its activities, functions or
operations; suspended or revoked its registration as an investment adviser;
commenced proceedings or an investigation (formally or informally) that may
result in any of these actions; or corresponded with the Sub-Adviser on a
non-routine basis concerning either the Sub-Adviser's performances under this
Agreement or any other matter that might materially affect the ability of the
Sub&#173; Adviser to perform its duties under this Agreement, including sending a
deficiency letter or raising issues about the business, operations, or
practices of the Sub-Adviser; (ii) in the event of any notice of investigation,
examination, inquiry, audit or subpoena of the Sub-Adviser or any of its
officers or employees by any federal, state, municipal or other governmental
department, commission, bureau, board, agency or instrumentality. If legally
permitted, the Sub-Adviser will furnish the Adviser, upon request, copies of
any and all documents relating to the foregoing. The Sub-Adviser further agrees
to notify the Adviser and the Trust promptly of any material fact known to the
Sub-Adviser respecting or relating to the Sub-Adviser that is not contained in
the Registration Statement or prospectus for the Trust, or any amendment or
supplement thereto that is required </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">to be so contained,
or if any statement contained therein concerning the Sub-Adviser that becomes
untrue in any material respect.</font></p>
<a name="_bclFooter4"></a><DIV>


<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">4</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"></font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_5"></a><a name="_bclPageBorder5"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader5"></a><DIV>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;text-transform:uppercase;">Eaton Vance Tax-Managed Buy-Write opportunities Fund</font></p>


</DIV>


<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">(d)</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">The Sub-Adviser will
provide the Adviser with such reports, presentations, certifications, and other
information as the Adviser may reasonably request from time to time concerning
the business and operations of the Sub-Adviser in performing services hereunder
or generally concerning the Sub-Adviser's investment advisory services, the
Sub-Adviser's compliance with applicable federal, state, and local law and
regulations, and changes in the Sub-Adviser's key personnel, investment
strategies, policies and procedures, and other matters that are likely to have
a material impact on the Sub&#173; Advisers duties hereunder. The Adviser and the
Trust shall provide the Sub-Adviser with such reports as the Sub-Adviser may
from time to time reasonably request concerning their compliance with
applicable federal, state, and local law and regulations.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Sub-Adviser has reviewed the
most recent amendment to the registration statement that contains disclosure
about the Sub-Adviser, and represents and warrants that, with respect only to
the disclosure expressly concerning the Sub-Adviser, its business, operations,
or employees, such registration statement contains, as of the date hereof, no
untrue statement of any material fact, and does not omit any statement of a
material fact that was required to be stated therein or necessary to make the
statements contained therein, in light of the circumstances under which they
were made, not misleading.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">Liability</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
as may otherwise be required by the 1940 Act or the rules thereunder or other
applicable law, the Adviser agrees that the Sub-Adviser, any affiliated person
of the Sub-Adviser, and each person, if any, who, within the meaning of&#160;
Section 15 of the Securities&#160; Act of 1933, as amended (the &#8220;1933 Act&#8221;),
controls the&#160; Sub-Adviser shall not be liable for, or subject to, any damages,
expenses, or losses in connection with, any act or omission connected with or
arising out of any services rendered&#160; under this&#160; Agreement, except by reason
of willful&#160; misfeasance, bad faith, or negligence in the performance of the
Sub-Adviser's duties, or any breach by the Sub-Adviser of its obligations or
duties under this Agreement.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except
as may otherwise be required by the 1940 Act or the rules thereunder or other
applicable law, the Sub-Adviser agrees that the Adviser, any affiliated person
of the Adviser, and each person, if any, who, within the meaning of Section 15
of the 1933 Act, controls the Adviser shall not be liable for, or subject to,
any damages, expenses, or losses in connection with, any act or omission
connected&#160; with or arising out of any services rendered under this Agreement,
except by reason of willful misfeasance, bad faith, or negligence in the&#160;
performance of the Adviser's duties, or any breach by the Adviser of its
obligations or duties under this Agreement.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 7.</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Duration
and Termination of this Agreement</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">.&#160; This Agreement shall become effective
upon the date of its execution, and, unless terminated as herein provided,
shall remain in full force and effect through and including the second
anniversary of the execution of this Agreement and shall continue in full force
and effect indefinitely thereafter, but only so long as such continuance after
such second anniversary is specifically approved at least annually (i) by the
Board of Trustees of the Trust or by vote of a majority of the outstanding
voting securities of the Trust and (ii) by the vote of a majority of those
Trustees of the Trust who are not interested persons of the Sub-Adviser, the Adviser,
or the Trust cast in person at a meeting called for the purpose of voting on
such approval.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; This
Agreement may be terminated as to the Trust without the payment of any penalty
by (i) the Adviser, subject to the approval of the Trustees of the Trust; (ii)
the vote of the </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">Trustees of the Trust; (iii) the vote
of a majority of the outstanding voting securities of the Trust at any annual
or special meeting; or (iv) the Sub-Adviser, in each case on sixty (60) days&#8217;
written notice.&#160; This Agreement shall terminate automatically in the event of
its assignment or in the event that the Advisory Agreement shall have
terminated for any reason. In the event of termination for any reason, all
records of the Trust shall promptly be returned to the Adviser or the Trust,
free from any claim or retention of rights in such record by the Sub&#173; Adviser,
although the Sub-Adviser may, at its own expense, make and retain a copy of
such records.</font></p>
<a name="_bclFooter5"></a><DIV>


<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">5</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"></font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_6"></a><a name="_bclPageBorder6"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader6"></a><DIV>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;text-transform:uppercase;">Eaton Vance Tax-Managed Buy-Write opportunities Fund</font></p>


</DIV>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 8.</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Amendments
of the Agreement</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">.&#160; This Agreement may be amended by a writing signed by
both parties hereto, provided that no amendment to this Agreement shall be
effective until approved in a manner consistent with the requirements of the
1940 Act.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 9.</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Limitation
of Liability</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">.&#160; A copy of the Declaration of Trust for each the Trust and
the Adviser is on file with the Secretary of The Commonwealth of Massachusetts,
and notice is hereby given that this Agreement is executed on behalf of each
the Adviser and the Trust by an officer of each respective organization, in his
or her capacity as an officer and not individually. The Sub-Adviser expressly
acknowledges the provisions in the Declarations of Trust of the Trust and of
the Adviser limiting the personal liability of Trustees, officers, and the
shareholders of the Trust and the Adviser, respectively, and the Sub-Adviser
hereby agrees that it shall have recourse to the Trust or the Adviser,
respectively, for payment of claims or obligations as between the Trust or the
Adviser, respectively, and the Sub-Adviser arising out of this Agreement and
shall not seek satisfaction from the Trustees, officers, or shareholders, or
any Trustee, officer, or shareholder, of the Trust or the Adviser.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 10.&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">Third
Party Beneficiaries.</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160; The Trust is a third party beneficiary to this
Agreement.&#160; The Trust has reserved the right to reasonably direct any action
hereunder taken on its behalf by the Sub-Adviser. Aside from the Trust, nothing
in this Agreement, express or implied, is intended to or shall confer upon any
person not a party hereto (including, but not limited to, shareholders of the
Trust) any right, benefit or remedy of any nature whatsoever under or by reason
of this Agreement.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 11.
</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; Cooperation; Confidentiality.&#160; </font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">Each party to this Agreement agrees
to cooperate with the other party and with all appropriate governmental
authorities having the requisite jurisdiction (including, but not limited to,
the SEC) in connection with any investigation or inquiry relating to this
Agreement or the Trust. Subject to the foregoing, the Sub-Adviser shall treat as
confidential and use only in connection with the Trust in accordance with this
Agreement all information pertaining to the Trust, actions of the Trust, or the
Adviser. The parties acknowledge that any breach of the undertaking in the
immediately preceding sentence might result in immediate, irreparable injury to
another party and that, accordingly, equitable remedies, including ex parte
remedies, are appropriate in the event of any actual, apparent, or threatened
breach of such undertaking.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">12. </font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">Books and Records.</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"> The Sub-Adviser
hereby agrees that all records that it maintains for the Trust are the property
of the Trust and further agrees to surrender promptly to the Trust any of such
records upon the Trust's or the Adviser's request in compliance with the
requirements of Rule 31a-3 under the 1940 Act, although the Sub-Adviser may, at
its own expense, make and retain a copy of such records. The Sub-Adviser
further agrees to preserve for the periods prescribed by Rule 31a-2 under the
1940 Act the records required to be maintained by Rule 31a-1 under the 1940
Act.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 13.</font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; Certain
Definitions</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">.&#160; The terms &#8220;assignment&#8221; and &#8220;interested persons&#8221; when used
herein shall have the respective meanings specified in the 1940 Act, as now in
effect or as hereafter amended subject, however, to such exemptions as may be
granted by any rule, regulation or order by the SEC.&#160; The term &#8220;vote of a
majority of the outstanding voting </font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">securities&#8221; shall
mean the vote, at a meeting of shareholders, of the lesser of (a) 67 per centum
or more of the shares of the Trust present or represented by proxy at the
meeting if the shareholders of more than 50 per centum of the outstanding
shares of the Trust are present or represented by proxy at the meeting, or (b)
more than 50 per centum of the outstanding shares of the Trust.&#160; </font><font face=arial,sans-serif lang=EN-GB style="font-size:11.0pt;">In addition,
where the effect of a requirement of the 1940 Act reflected in any provision of
this Agreement is modified or interpreted by any applicable order or orders of
the SEC, any rules or regulations adopted by, or interpretative releases of,
the SEC, or any applicable guidance issued by the staff of the SEC, such
provision will be deemed to incorporate the effect of such order, rule,
regulation, interpretative release, or guidance.</font></p>
<a name="_bclFooter6"></a><DIV>


<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">6</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"></font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_7"></a><a name="_bclPageBorder7"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader7"></a><DIV>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;text-transform:uppercase;">Eaton Vance Tax-Managed Buy-Write opportunities Fund</font></p>


</DIV>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 14.&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">Miscellaneous</font></i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; If
any term or provision of this Agreement or the application thereof to any
person or circumstance is held to be invalid or unenforceable to any extent,
the remainder of this Agreement or the application of such provision to other
persons or circumstances shall not be affected thereby and shall be enforced to
the fullest extent permitted by law.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (b)&#160;&#160;&#160;&#160;&#160;&#160;&#160; This
Agreement shall be governed by and interpreted in accordance with the laws of
The Commonwealth of Massachusetts.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (c)&#160;&#160;&#160;&#160;&#160;&#160;&#160; This
Agreement may be executed by the parties hereto in any number of counterparts,
and all of said counterparts taken together shall be deemed to constitute one
and the same instrument.</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;"> </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">[Signature
page follows.]</font></i></p>





<a name="_bclFooter7"></a><DIV>


<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">7</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"></font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_8"></a><a name="_bclPageBorder8"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader8"></a><DIV>


<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;text-transform:uppercase;">Eaton Vance Tax-Managed Buy-Write opportunities Fund</font></p>


</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">IN WITNESS WHEREOF, the parties hereto have
caused this Agreement to be executed as of the day and year first above
written.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:211.5pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;text-transform:uppercase;">EATON VANCE
MANAGEMENT</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:211.5pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;text-transform:uppercase;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:211.5pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">By:&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">/s/ Maureen A. Gemma </font></u><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">_________</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:211.5pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">Name:&#160;&#160; Maureen A. Gemma</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:211.5pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">Title:&#160;&#160;&#160;&#160;&#160; Vice President and not
individually</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:211.5pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">PARAMETRIC PORTFOLIO ASSOCIATES LLC</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:211.5pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">By:&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">/s/ Frederick S. Marius __________</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:211.5pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">Name:&#160;&#160; Frederick S. Marius</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:211.5pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">Title:&#160; &#160;&#160;&#160; Vice President and not
individually</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">Acknowledged
and agreed to as of the day</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">and
year first above written:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;text-transform:uppercase;">Eaton Vance Tax-Managed Buy-Write Opportunities Fund</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">By:&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">/s/
Deidre E. Walsh____________</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">Name:
Deidre E. Walsh</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">Title:&#160;
&#160; Vice President and not individually</font></p>








<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=arial,sans-serif lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=arial,sans-serif lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></b></p>




<a name="_bclFooter8"></a><DIV>


<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">8</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:11.0pt;"></font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>
</DIV>
</BODY>

</HTML>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
