Eaton Vance Massachusetts Municipal Income Trust (AMEX:MMV) (the ?Trust?), a closed-end management investment company, today announced the earnings of the Trust for the three and nine-month periods ended August 31, 2006. The Trust's fiscal year ends on November 30, 2006.

For the three months ended August 31, 2006, the Trust had net investment income of $628,278 ($0.232 per common share). From this amount, the Trust paid dividends on preferred shares of $177,114 (equal to $0.065 for each common share), resulting in net investment income after the preferred dividends of $451,164, or $0.167 per common share. The Trust's net investment income for the nine months ended August 31, 2006 was $1,900,843 ($0.701 per common share, before deduction of the preferred share dividends totaling $0.179 per common share), resulting in net investment income after the preferred dividends of $0.522 per common share. In comparison, for the three months ended August 31, 2005, the Trust had net investment income of $647,582 ($0.239 per common share). From this amount, the Trust paid dividends on preferred shares of $115,439 (equal to $0.042 for each common share), resulting in net investment income after the preferred dividends of $532,143, or $0.197 per common share. The Trust's net investment income for the nine months ended August 31, 2005 was $1,987,003 ($0.735 per common share, before deduction of the preferred share dividends totaling $0.104 per common share), resulting in net investment income after the preferred dividends of $0.631 per common share.

Net realized and unrealized gains for the three months ended August 31, 2006 were $911,938 ($0.337 per common share). The Trust's net realized and unrealized gains for the nine months ended August 31, 2006 were $1,295,363 ($0.477 per common share). In comparison, net realized and unrealized gains for the three months ended August 31, 2005 were $245,421 ($0.081 per common share). The Trust's net realized and unrealized gains for the nine months ended August 31, 2005 were $1,855,618 ($0.686 per common share).

On August 31, 2006, net assets of the Trust applicable to common shares were $42,651,999. The net asset value per common share on August 31, 2006 was $15.72 based on 2,714,063 common shares outstanding. In comparison, on August 31, 2005, net assets of the Trust applicable to common shares were $42,632,438. The net asset value per common share on August 31, 2005 was $15.73 based on 2,710,931 common shares outstanding.

The Trust is managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp, which is listed on the New York Stock Exchange under the symbol EV. Eaton Vance and its affiliates had approximately $124.1 billion in assets under management as of September 30, 2006. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance Management at (800) 262-1122.

EATON VANCE MASSACHUSETTS MUNICIPAL INCOME TRUST
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
 
Three Months Ended Nine Months Ended
August 31, August 31,
2006  2005  2006  2005 
Gross investment income $832  $847  $2,488  $2,579 
Operating expenses (204) (199) (587) (592)
Net investment income $628  $648  $1,901  $1,987 
Net realized and unrealized gains (losses)
on investments $912  $245  $1,295  $1,856 
Preferred dividends paid ($177) ($115) ($485) ($282)
Net increase (decrease) in net assets from operations
$1,363  $778  $2,711  $3,561 
 
Earnings per Common Share Outstanding
Gross investment income $0.306  $0.313  $0.917  $0.954 
Operating expenses (0.074) (0.074) (0.216) (0.219)
Net investment income $0.232  $0.239  $0.701  $0.735 
Net realized and unrealized gains (losses) on investments
$0.337  $0.081  $0.477  $0.686 
Preferred dividends paid ($0.065) ($0.042) ($0.179) ($0.104)
Net increase (decrease) in net assets from operations
$0.504  $0.278  $0.999  $1.317 
 
Net investment income $0.232  $0.239  $0.701  $0.735 
Preferred dividends paid (0.065) (0.042) (0.179) (0.104)
Net investment income after preferred dividends $0.167  $0.197  $0.522  $0.631 
 
Net Asset Value at August 31 (Common Shares)
Net assets (000) $42,652  $42,632 
Shares outstanding (000) 2,714  2,711 
Net asset value per share outstanding $15.72  $15.73 
 
Market Value Summary (Common Shares)
Market price on AMEX at August 31 $14.91  $15.52 
High market price (nine months ended August 31) $15.90  $18.10 
Low market price (nine months ended August 31) $14.22  $15.44