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INVESTMENT COUNSELING GROUP OF INVESCO TO JOIN EATON VANCE

 BOSTON, Aug. 9 /PRNewswire/ -- Eaton Vance Corp. (NASDAQ-NMS: EAVN) and INVESCO Management & Research, Inc. are pleased to announce that effective Oct. 1, 1993, the portfolio managers of the Gardner and Preston Moss Division of INVESCO will affiliate with the investment counsel group of Eaton Vance. The new combination at Eaton Vance is expected to manage private accounts aggregating about $1 billion. Eaton Vance also provides investment advice on $13 billion of assets in accounts held on behalf of institutional clients and mutual funds.
 Dozier Gardner, president and CEO of Eaton Vance, expressed great pleasure in welcoming the five experienced investment professionals. The five are John L. Gardner, who has led Gardner and Preston Moss as an independent investment advisory firm and as a division of INVESCO for more than 30 years; Ralph B. Webber, Jr.; Barclay Tittmann; Cecelia J. O'Keefe; and Robert H. Bortnick.
 Frank J. Keeler, president of INVESCO, stated that his firm had made a strategic decision to concentrate its business focus on the institutional account marketplace. The affiliation of Gardner and Preston Moss with Eaton Vance will provide INVESCO's private clients with continuity of service of the highest quality. He expressed INVESCO's sincere appreciation for the contributions of Gardner and Preston Moss personnel to INVESCO over the years.
 -0- 8/9/93
 /CONTACT: Curtis H. Jones of Eaton Vance, 617-482-8260/
 (EAVN)


CO: Eaton Vance Corp.; INVESCO Management & Research ST: Massachusetts IN: FIN SU: PER

DJ -- NE009 -- 0779 08/09/93 13:07 EDT
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Publication:PR Newswire
Date:Aug 9, 1993
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