Eaton Vance Insured New York Municipal Bond Fund (AMEX: ENX) (the ?Fund?), a closed-end management investment company, today announced the earnings of the Fund for the three months ended December 31, 2006. The Fund's fiscal year ends on September 30, 2007.

For the three months ended December 31, 2006, the Fund had net investment income of $3,946,914 ($0.251 per share). From this amount, the Fund paid a dividend on preferred shares of $1,154,033 (equal to $0.074 for each common share), resulting in net investment income after the preferred dividend of $2,792,881 or $0.177 per common share. In comparison, for the three months ended December 31, 2005, the Fund had net investment income of $3,921,669 ($0.20 per share). From this amount, the Fund paid a dividend on preferred shares of $940,190 (equal to $0.060 for each common share), resulting in net investment income after the preferred dividend of $2,981,479 or $0.190 per common share.

Net realized and unrealized gains for the three months ended December 31, 2006 were $2,653,568 or ($0.169 per common share). In comparison, net realized and unrealized losses for the three months ended December 31, 2005 were $78,705 or ($0.005 per common share).

On December 31, 2006, net assets of the Fund applicable to common shares were $240,274,591. The net asset value per common share on December 31, 2006 was $15.31 based on 15,698,145 common shares outstanding. In comparison, on December 31, 2005, net assets of the Fund applicable to common shares were $231,057,225. The net asset value per common share on December 31, 2005 was $14.72 based on 15,698,145 common shares outstanding.

Common shares of the Fund are traded on the American Stock Exchange. The Fund 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 $135.5 billion in assets under management on January 31, 2007. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance Marketing at (617) 482-8260.

EATON VANCE INSURED NEW YORK MUNICIPAL BOND FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
 
Three Months Ended Three Months Ended
December 31,   December 31,
2006  2005 
Net investment income $3,947  $3,922 
Net realized and unrealized gains (losses) on investments
$2,654  ($78)
Preferred dividends paid ($1,154) ($940)
Net increase (decrease) in net assets from operations
$5,447  $2,904 
 
Earnings per Common Share Outstanding
Net investment income $0.251  $0.250 
Net realized and unrealized gains (losses) on investments
$0.169  ($0.005)
Preferred dividends paid (0.074) (0.060)
Net increase (decrease) in net assets from operations
$0.346  $0.185 
 
Net investment income $0.251  $0.250 
Preferred dividends paid (0.074) (0.060)
Net investment income after preferred dividends $0.177  $0.190 
 
Net Asset Value at December 31 (Common Shares)
Net assets (000) $240,275  $231,057 
Shares outstanding (000) 15,698  15,698 
Net asset value per share outstanding $15.31  $14.72 
 
Market Value Summary (Common Shares)
Market price on AMEX at December 31 $14.86  $13.86 
High market price (year ended December 31) $14.86  $13.93 
Low market price (year ended December 31) $14.35  $13.09