UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number

 

811-21676

Eaton Vance Tax Managed
Buy-Write Income Fund

(Exact Name of Registrant as Specified in Charter)

The Eaton Vance
Building, 255 State Street, Boston, Massachusetts

 

02109

(Address of Principal Executive Offices)

 

(Zip code)

Alan R. Dynner, Esq.
Eaton Vance Management, 255 State Street, Boston, Massachusetts 02109

(Name and Address of Agent for Services)

Registrant’s Telephone Number, Including Area Code:

 

(617) 482-8260

Date of Fiscal Year End:

 

December 31

Date of Reporting Period:

 

March 31, 2007

 

 



Item 1. Schedule of Investments



Eaton Vance Tax-Managed Buy-Write Income Fund                                                                   as of March 31, 2007

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 101.4%

Security

 

Shares

 

Value

 

Aerospace & Defense — 2.1%

 

 

 

 

 

Boeing Co.

 

27,232

 

$

2,421,197

 

Honeywell International, Inc.

 

64,761

 

2,982,892

 

Northrop Grumman Corp.

 

26,780

 

1,987,612

 

Rockwell Collins, Inc.

 

7,248

 

485,109

 

United Technologies Corp.

 

38,848

 

2,525,120

 

 

 

 

 

$

10,401,930

 

Air Freight & Logistics — 0.5%

 

 

 

 

 

CH Robinson Worldwide, Inc.

 

2,936

 

$

140,194

 

United Parcel Service, Inc., Class B

 

36,301

 

2,544,700

 

 

 

 

 

$

2,684,894

 

Airlines — 0.2%

 

 

 

 

 

Southwest Airlines Co.

 

70,130

 

$

1,030,911

 

 

 

 

 

$

1,030,911

 

Auto Components — 0.3%

 

 

 

 

 

Johnson Controls, Inc.

 

13,713

 

$

1,297,524

 

 

 

 

 

$

1,297,524

 

Automobiles — 0.0%

 

 

 

 

 

General Motors Corp.

 

6,078

 

$

186,230

 

 

 

 

 

$

186,230

 

Beverages — 3.2%

 

 

 

 

 

Anheuser-Busch Cos., Inc.

 

79,253

 

$

3,999,106

 

Brown-Forman Corp., Class B

 

3,398

 

222,773

 

Coca-Cola Co.

 

130,353

 

6,256,944

 

PepsiCo, Inc.

 

82,053

 

5,215,289

 

 

 

 

 

$

15,694,112

 

Biotechnology — 1.1%

 

 

 

 

 

Amgen, Inc. (1)

 

66,154

 

$

3,696,686

 

Biogen Idec, Inc. (1)

 

35,276

 

1,565,549

 

CV Therapeutics, Inc. (1)

 

24,414

 

192,138

 

 

 

 

 

$

5,454,373

 

Capital Markets — 4.0%

 

 

 

 

 

Amvescap PLC ADR

 

54,842

 

$

1,212,008

 

Bank of New York Co., Inc.

 

97,096

 

3,937,243

 

Credit Suisse Group ADR

 

21,404

 

1,537,449

 

Federated Investors, Inc., Class B

 

32,602

 

1,197,145

 

Franklin Resources, Inc.

 

29,605

 

3,577,172

 

Goldman Sachs Group, Inc.

 

4,860

 

1,004,222

 

1



 

 

 

Merrill Lynch & Co., Inc.

 

40,826

 

$

3,334,259

 

Morgan Stanley

 

49,306

 

3,883,341

 

 

 

 

 

$

19,682,839

 

Chemicals — 1.3%

 

 

 

 

 

Ashland, Inc.

 

6,811

 

$

446,802

 

E.I. du Pont de Nemours and Co.

 

77,067

 

3,809,422

 

Eastman Chemical Co.

 

31,031

 

1,965,193

 

Rohm & Haas Co.

 

7,911

 

409,157

 

 

 

 

 

$

6,630,574

 

Commercial Banks — 2.9%

 

 

 

 

 

Comerica, Inc.

 

6,819

 

$

403,139

 

Compass Bancshares, Inc.

 

5,081

 

349,573

 

First Horizon National Corp.

 

5,141

 

213,506

 

Huntington Bancshares, Inc.

 

9,423

 

205,893

 

Marshall & Ilsley Corp.

 

8,458

 

391,690

 

National City Corp.

 

89,918

 

3,349,445

 

Popular, Inc.

 

57,774

 

956,737

 

Wachovia Corp.

 

105,100

 

5,785,755

 

Wells Fargo & Co.

 

82,804

 

2,850,942

 

 

 

 

 

$

14,506,680

 

Commercial Services & Supplies — 0.8%

 

 

 

 

 

ACCO Brands Corp. (1)

 

4,260

 

$

102,623

 

Avery Dennison Corp.

 

382

 

24,547

 

RR Donnelley & Sons Co.

 

57,895

 

2,118,378

 

Waste Management, Inc.

 

51,616

 

1,776,107

 

 

 

 

 

$

4,021,655

 

Communications Equipment — 3.5%

 

 

 

 

 

Cisco Systems, Inc. (1)

 

234,018

 

$

5,974,480

 

Corning, Inc. (1)

 

112,580

 

2,560,069

 

Harris Corp.

 

30,013

 

1,529,162

 

Motorola, Inc.

 

116,382

 

2,056,470

 

Nokia Oyj ADR

 

42,609

 

976,598

 

QUALCOMM, Inc.

 

90,295

 

3,851,985

 

Tellabs, Inc. (1)

 

25,662

 

254,054

 

 

 

 

 

$

17,202,818

 

Computer Peripherals — 3.8%

 

 

 

 

 

Apple, Inc. (1)

 

17,279

 

$

1,605,392

 

Hewlett-Packard Co.

 

67,015

 

2,689,982

 

International Business Machines Corp.

 

85,947

 

8,101,364

 

Network Appliance, Inc. (1)

 

30,962

 

1,130,732

 

Palm, Inc. (1)

 

18,656

 

338,233

 

SanDisk Corp. (1)

 

49,051

 

2,148,434

 

2



 

 

 

Seagate Technology

 

66,365

 

$

1,546,304

 

Synaptics, Inc. (1)

 

39,754

 

1,016,907

 

 

 

 

 

$

18,577,348

 

Construction & Engineering — 0.2%

 

 

 

 

 

Fluor Corp.

 

8,580

 

$

769,798

 

 

 

 

 

$

769,798

 

Consumer Finance — 1.1%

 

 

 

 

 

American Express Co.

 

60,210

 

$

3,395,844

 

Capital One Financial Corp.

 

28,163

 

2,125,180

 

 

 

 

 

$

5,521,024

 

Containers & Packaging — 0.3%

 

 

 

 

 

Bemis Co., Inc.

 

8,256

 

$

275,668

 

Temple-Inland, Inc.

 

20,807

 

1,243,010

 

 

 

 

 

$

1,518,678

 

Distributors — 0.1%

 

 

 

 

 

Genuine Parts Co.

 

7,145

 

$

350,105

 

 

 

 

 

$

350,105

 

Diversified Consumer Services — 0.2%

 

 

 

 

 

H&R Block, Inc.

 

58,152

 

$

1,223,518

 

 

 

 

 

$

1,223,518

 

Diversified Financial Services — 6.2%

 

 

 

 

 

Bank of America Corp.

 

225,187

 

$

11,489,041

 

Citigroup, Inc.

 

240,454

 

12,344,908

 

JPMorgan Chase & Co.

 

144,915

 

7,010,988

 

 

 

 

 

$

30,844,937

 

Diversified Telecommunication Services — 3.4%

 

 

 

 

 

AT&T, Inc.

 

186,704

 

$

7,361,739

 

Citizens Communications Co.

 

103,792

 

1,551,690

 

Verizon Communications, Inc.

 

183,898

 

6,973,412

 

Windstream Corp.

 

51,066

 

750,160

 

 

 

 

 

$

16,637,001

 

Electric Utilities — 1.1%

 

 

 

 

 

Duke Energy Corp.

 

175,013

 

$

3,551,014

 

PPL Corp.

 

46,448

 

1,899,723

 

 

 

 

 

$

5,450,737

 

Electrical Equipment — 0.7%

 

 

 

 

 

Emerson Electric Co.

 

76,240

 

$

3,285,182

 

 

 

 

 

$

3,285,182

 

Energy Equipment & Services — 1.8%

 

 

 

 

 

BJ Services Co.

 

14,015

 

$

391,018

 

Diamond Offshore Drilling, Inc.

 

17,338

 

1,403,511

 

3



 

 

 

Halliburton Co.

 

101,980

 

$

3,236,845

 

Nabors Industries, Ltd. (1)

 

10,904

 

323,522

 

Noble Corp.

 

34,571

 

2,720,046

 

Schlumberger, Ltd.

 

8,530

 

589,423

 

Transocean, Inc. (1)

 

4,589

 

374,921

 

 

 

 

 

$

9,039,286

 

Food & Staples Retailing — 1.9%

 

 

 

 

 

CVS Corp.

 

68,200

 

$

2,328,348

 

SUPERVALU, Inc.

 

6,564

 

256,455

 

Wal-Mart Stores, Inc.

 

144,572

 

6,787,655

 

 

 

 

 

$

9,372,458

 

Food Products — 0.3%

 

 

 

 

 

ConAgra Foods, Inc.

 

27,892

 

$

694,790

 

Kellogg Co.

 

10,675

 

549,015

 

 

 

 

 

$

1,243,805

 

Gas Utilities — 0.2%

 

 

 

 

 

Nicor, Inc.

 

16,441

 

$

796,073

 

 

 

 

 

$

796,073

 

Health Care Equipment & Supplies — 1.3%

 

 

 

 

 

Baxter International, Inc.

 

61,429

 

$

3,235,465

 

Medtronic, Inc.

 

65,992

 

3,237,568

 

 

 

 

 

$

6,473,033

 

Health Care Providers & Services — 2.2%

 

 

 

 

 

Genesis HealthCare Corp. (1)

 

9,286

 

$

586,039

 

Laboratory Corp. of America Holdings (1)

 

22,885

 

1,662,138

 

Manor Care, Inc.

 

5,168

 

280,932

 

McKesson Corp.

 

45,027

 

2,635,881

 

Quest Diagnostics, Inc.

 

7,288

 

363,453

 

UnitedHealth Group, Inc.

 

61,522

 

3,258,820

 

WellPoint, Inc. (1)

 

25,106

 

2,036,097

 

 

 

 

 

$

10,823,360

 

Hotels, Restaurants & Leisure — 1.4%

 

 

 

 

 

Carnival Corp.

 

38,610

 

$

1,809,265

 

Darden Restaurants, Inc.

 

11,777

 

485,095

 

Harrah’s Entertainment, Inc.

 

25,739

 

2,173,659

 

International Game Technology

 

2,084

 

84,152

 

Starwood Hotels & Resorts Worldwide, Inc.

 

20,021

 

1,298,362

 

Yum! Brands, Inc.

 

19,547

 

1,129,035

 

 

 

 

 

$

6,979,568

 

Household Durables — 0.5%

 

 

 

 

 

Fortune Brands, Inc.

 

18,128

 

$

1,428,849

 

Garmin, Ltd.

 

15,596

 

844,523

 

 

 

 

 

$

2,273,372

 

4



 

 

 

Household Products — 2.0%

 

 

 

 

 

Procter & Gamble Co.

 

158,855

 

$

10,033,282

 

 

 

 

 

$

10,033,282

 

Independent Power Producers & Energy Traders — 0.4%

 

 

 

 

 

TXU Corp.

 

32,886

 

$

2,107,993

 

 

 

 

 

$

2,107,993

 

Industrial Conglomerates — 3.4%

 

 

 

 

 

General Electric Co.

 

470,512

 

$

16,637,304

 

 

 

 

 

$

16,637,304

 

Insurance — 4.9%

 

 

 

 

 

ACE, Ltd.

 

2,587

 

$

147,614

 

Allstate Corp.

 

66,029

 

3,965,702

 

American International Group, Inc.

 

109,356

 

7,350,910

 

Lincoln National Corp.

 

9,136

 

619,329

 

Marsh & McLennan Cos., Inc.

 

101,972

 

2,986,760

 

MetLife, Inc.

 

37,444

 

2,364,589

 

PartnerRe, Ltd.

 

23,326

 

1,598,764

 

Prudential Financial, Inc.

 

35,186

 

3,175,888

 

Travelers Cos., Inc.

 

37,065

 

1,918,855

 

XL Capital Ltd., Class A

 

2,861

 

200,156

 

 

 

 

 

$

24,328,567

 

Internet Software & Services — 1.5%

 

 

 

 

 

Google, Inc., Class A (1)

 

11,743

 

$

5,380,173

 

VeriSign, Inc. (1)

 

87,817

 

2,205,963

 

 

 

 

 

$

7,586,136

 

IT Services — 1.1%

 

 

 

 

 

Automatic Data Processing, Inc.

 

37,355

 

$

1,807,982

 

Checkfree Corp. (1)

 

20,086

 

744,990

 

Cognizant Technology Solutions Corp., Class A (1)

 

11,841

 

1,045,205

 

Paychex, Inc.

 

41,638

 

1,576,831

 

Unisys Corp. (1)

 

33,075

 

278,822

 

 

 

 

 

$

5,453,830

 

Leisure Equipment & Products — 0.5%

 

 

 

 

 

Mattel, Inc.

 

86,368

 

$

2,381,166

 

 

 

 

 

$

2,381,166

 

Life Sciences Tools & Services — 0.3%

 

 

 

 

 

Applera Corp.-Applied Biosystems Group

 

12,990

 

$

384,114

 

Thermo Fisher Scientific, Inc. (1)

 

25,560

 

1,194,930

 

 

 

 

 

$

1,579,044

 

 

5



 

 

Machinery — 1.8%

 

 

 

 

 

Deere & Co.

 

36,556

 

$

3,971,444

 

Eaton Corp.

 

37,227

 

3,110,688

 

Parker Hannifin Corp.

 

18,645

 

1,609,250

 

 

 

 

 

$

8,691,382

 

Media — 3.8%

 

 

 

 

 

CBS Corp., Class B

 

24,994

 

$

764,566

 

Comcast Corp., Class A (1)

 

98,830

 

2,564,639

 

Cox Radio, Inc., Class A (1)

 

8,581

 

117,131

 

Dow Jones & Co., Inc.

 

64,330

 

2,217,455

 

Idearc, Inc.

 

9,194

 

322,709

 

Interpublic Group of Cos., Inc. (1)

 

62,468

 

768,981

 

Meredith Corp.

 

4,689

 

269,102

 

Omnicom Group, Inc.

 

15,033

 

1,539,079

 

Time Warner, Inc.

 

256,667

 

5,061,473

 

Walt Disney Co.

 

157,012

 

5,405,923

 

 

 

 

 

$

19,031,058

 

Metals & Mining — 1.6%

 

 

 

 

 

Alcan, Inc. ADR

 

19,051

 

$

994,462

 

Alcoa, Inc.

 

106,331

 

3,604,621

 

Freeport-McMoRan Copper & Gold, Inc., Class B

 

31,683

 

2,097,098

 

Nucor Corp.

 

19,594

 

1,276,157

 

 

 

 

 

$

7,972,338

 

Multiline Retail — 1.6%

 

 

 

 

 

Big Lots, Inc. (1)

 

46,681

 

$

1,460,182

 

Dollar General Corp.

 

132,730

 

2,807,240

 

Federated Department Stores, Inc.

 

26,215

 

1,180,986

 

Nordstrom, Inc.

 

9,277

 

491,124

 

Saks, Inc.

 

30,588

 

637,454

 

Sears Holdings Corp. (1)

 

7,626

 

1,373,900

 

 

 

 

 

$

7,950,886

 

Multi-Utilities — 2.4%

 

 

 

 

 

Ameren Corp.

 

54,788

 

$

2,755,836

 

CenterPoint Energy, Inc.

 

17,504

 

314,022

 

DTE Energy Co.

 

4,649

 

222,687

 

Integrys Energy Group, Inc.

 

4,275

 

237,305

 

NiSource, Inc.

 

111,431

 

2,723,374

 

NorthWestern Corp.

 

25,000

 

885,750

 

Public Service Enterprise Group, Inc.

 

48,830

 

4,054,843

 

TECO Energy, Inc.

 

13,941

 

239,925

 

Xcel Energy, Inc.

 

12,009

 

296,502

 

 

 

 

 

$

11,730,244

 

6



 

 

 

Oil, Gas & Consumable Fuels — 8.6%

 

 

 

 

 

Chevron Corp.

 

123,720

 

$

9,150,331

 

ConocoPhillips

 

86,561

 

5,916,444

 

El Paso Corp.

 

26,406

 

382,095

 

EOG Resources, Inc.

 

32,118

 

2,291,298

 

Exxon Mobil Corp.

 

263,474

 

19,879,113

 

Parallel Petroleum Corp. (1)

 

15,000

 

344,250

 

Valero Energy Corp.

 

30,355

 

1,957,594

 

Williams Cos., Inc.

 

96,877

 

2,757,119

 

 

 

 

 

$

42,678,244

 

Paper and Forest Products — 0.2%

 

 

 

 

 

MeadWestvaco Corp.

 

33,483

 

$

1,032,616

 

 

 

 

 

$

1,032,616

 

Personal Products — 0.3%

 

 

 

 

 

Alberto-Culver Co.

 

48,366

 

$

1,106,614

 

Estee Lauder Cos., Inc., Class A

 

8,436

 

412,099

 

 

 

 

 

$

1,518,713

 

Pharmaceuticals — 6.7%

 

 

 

 

 

Abbott Laboratories

 

83,874

 

$

4,680,169

 

Bristol-Myers Squibb Co.

 

176,539

 

4,900,723

 

Eli Lilly & Co.

 

50,746

 

2,725,568

 

Johnson & Johnson Co.

 

121,409

 

7,316,106

 

Merck & Co., Inc.

 

63,544

 

2,806,738

 

Pfizer, Inc.

 

262,740

 

6,636,812

 

Wyeth

 

82,703

 

4,137,631

 

 

 

 

 

$

33,203,747

 

Real Estate Investment Trusts (REITs) — 0.9%

 

 

 

 

 

Host Hotels & Resorts, Inc.

 

10,658

 

$

280,412

 

Plum Creek Timber Co., Inc.

 

15,428

 

608,172

 

Simon Property Group, Inc.

 

33,984

 

3,780,720

 

 

 

 

 

$

4,669,304

 

Road & Rail — 0.5%

 

 

 

 

 

CSX Corp.

 

45,309

 

$

1,814,625

 

Norfolk Southern Corp.

 

6,312

 

319,387

 

Union Pacific Corp.

 

3,044

 

309,118

 

 

 

 

 

$

2,443,130

 

Semiconductors & Semiconductor Equipment — 2.7%

 

 

 

 

 

Analog Devices, Inc.

 

44,223

 

$

1,525,251

 

Applied Materials, Inc.

 

128,413

 

2,352,526

 

Broadcom Corp., Class A (1)

 

20,035

 

642,522

 

Intel Corp.

 

107,753

 

2,061,315

 

Intersil Corp., Class A

 

51,768

 

1,371,334

 

KLA-Tencor Corp.

 

32,861

 

1,752,149

 

7



 

 

 

Linear Technology Corp.

 

20,661

 

$

652,681

 

MEMC Electronic Materials, Inc. (1)

 

2,657

 

160,961

 

Novellus Systems, Inc. (1)

 

41,395

 

1,325,468

 

Teradyne, Inc. (1)

 

77,277

 

1,278,162

 

 

 

 

 

$

13,122,369

 

Software — 3.0%

 

 

 

 

 

Adobe Systems, Inc. (1)

 

32,525

 

$

1,356,293

 

Microsoft Corp.

 

423,026

 

11,789,735

 

Oracle Corp. (1)

 

90,238

 

1,636,015

 

Quest Software, Inc. (1)

 

17,700

 

287,979

 

 

 

 

 

$

15,070,022

 

Specialty Retail — 2.2%

 

 

 

 

 

Best Buy Co., Inc.

 

49,974

 

$

2,434,733

 

Home Depot, Inc.

 

123,241

 

4,527,874

 

Lowe’s Companies, Inc.

 

8,029

 

252,833

 

Men’s Wearhouse, Inc.

 

19,093

 

898,326

 

Sally Beauty Holdings, Inc., Class B (1)

 

4,761

 

43,754

 

Sherwin-Williams Co.

 

22,742

 

1,501,882

 

Stein Mart, Inc.

 

20,000

 

326,400

 

Tiffany & Co.

 

14,641

 

665,873

 

 

 

 

 

$

10,651,675

 

Textiles, Apparel & Luxury Goods — 0.8%

 

 

 

 

 

NIKE, Inc., Class B

 

35,027

 

$

3,721,969

 

 

 

 

 

$

3,721,969

 

Thrifts & Mortgage Finance — 0.9%

 

 

 

 

 

Countrywide Financial Corp.

 

42,615

 

$

1,433,569

 

MGIC Investment Corp.

 

30,567

 

1,801,008

 

PFF Bancorp, Inc.

 

7,488

 

227,111

 

Sovereign Bancorp, Inc.

 

5,380

 

136,867

 

Washington Mutual, Inc.

 

25,380

 

1,024,844

 

 

 

 

 

$

4,623,399

 

Tobacco — 1.9%

 

 

 

 

 

Altria Group, Inc.

 

73,745

 

$

6,475,548

 

Reynolds American, Inc.

 

12,750

 

795,728

 

UST, Inc.

 

32,881

 

1,906,440

 

 

 

 

 

$

9,177,716

 

Wireless Telecommunication Services — 0.8%

 

 

 

 

 

Alltel Corp.

 

49,391

 

$

3,062,242

 

NII Holdings, Inc., Class B (1)

 

10,118

 

750,553

 

 

 

 

 

$

3,812,795

 

8



 

 

 

Total Common Stocks
(identified cost $418,423,562)

 

 

 

$

501,182,752

 

Total Investments — 101.4%
(identified cost $418,423,562)

 

 

 

$

501,182,752

 

 

Cover Call Options Written — (1.6)%

 

Number of

 

Premium

 

 

 

 

 

Contracts

 

Received

 

Value

 

S & P 500 Index, Expires, 4/21/07, Strike 1,420

 

1,815

 

$ 

2,529,367

 

$ 

(3,412,200

)

S & P 500 Index, Expires, 4/21/07, Strike 1,400

 

1,119

 

1,895,342

 

(3,804,600

)

S & P 500 Index, Expires, 4/21/07, Strike 1,435

 

392

 

704,855

 

(450,800

)

S & P 500 Index, Expires, 4/21/07, Strike 1,415

 

200

 

359,400

 

(446,000

)

Total Call Options Written
(premiums received $5,488,965)

 

 

 

 

 

$ 

(8,113,600

)

Other Assets, Less Liabilities — 0.2%

 

 

 

 

 

$

1,248,307

 

Net Assets — 100.0%

 

 

 

 

 

$

494,317,459

 

 

ADR

—

American Depository Receipt

(1)

 

Non-income producing security.

 

The cost and unrealized appreciation (depreciation) in value of the investments owned at March 31, 2007, as computed on a federal income tax basis, were as follows:

Aggregate cost

 

$

418,391,664

 

Gross unrealized appreciation

 

$

86,662,789

 

Gross unrealized depreciation

 

(3,871,701

)

Net unrealized appreciation

 

$

82,791,088

 

 

Summary of options outstanding at March 31, 2007:

Written call options activity for the period ended March 31, 2007 was as follows:

 

 

Number of
Contracts

 

Premiums
Received

 

Outstanding, beginning of period

 

3,512

 

$

5,911,479

 

Options written

 

10,419

 

16,079,056

 

Options terminated in closing purchase transactions

 

(10,405

)

(16,501,570

)

Outstanding, end of period

 

3,526

 

$

5,488,965

 

 

All of the assets of the Fund are subject to segregation to satisfy the requirements of the escrow agent. At March 31, 2007, the Fund had sufficient cash and/or securities to cover commitments under these contracts.

9



Item 2. Controls and Procedures

(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b) During the second fiscal quarter of the period covered by this report, the registrant’s internal control over financial reporting was modified to enhance the review and analysis of the relevant terms and conditions of transfers of securities in connection with inverse floating rate obligations in light of Statement of Financial Accounting Standards No. 140.



Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Eaton Vance Tax Managed Buy-Write Income Fund

By:

 

/s/ Duncan W. Richardson

 

 

Duncan W. Richardson

 

 

President and Principal Executive Officer

Date:

 

May 18, 2007

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:

 

/s/ Duncan W. Richardson

 

 

Duncan W. Richardson

 

 

President and Principal Executive Officer

Date:

 

May 18, 2007

By:

 

/s/ Barbara E. Campbell

 

 

Barbara E. Campbell

 

 

Treasurer and Principal Financial Officer

Date:

 

May 18, 2007