Eaton Vance Tax-Advantaged Dividend Income Fund Report of Earnings

Eaton Vance Tax-Advantaged Dividend Income Fund (NYSE:
EVT), a diversified closed-end investment company, today announced the
earnings of the Fund for the three months ended February 28, 2006 and
for the six months ended February 28, 2006. The Fund's fiscal year
ends on August 31, 2006.
   For the three months ended February 28, 2006, the Fund had net
investment income of $38,647,560 ($0.531 per common share). From this
amount, the Fund paid dividends on preferred shares of $6,859,763
(equal to $0.094 for each common share), resulting in net investment
income after the preferred dividends of $31,787,797 or $0.436 per
common share. For the six months ended February 28, 2006, the Fund had
net investment income of $65,564,886 ($0.900 per common share). From
this amount, the Fund paid dividends on preferred shares of
$13,154,377 (equal to $0.181 for each common share), resulting in net
investment income after the preferred dividends of $52,410,509 or
$0.720 per common share. In comparison, for the three months ended
February 28, 2005, the Fund had net investment income of $24,982,334
($0.343 per common share). From this amount, the Fund paid dividends
on preferred shares of $3,599,696 (equal to $0.049 for each common
share), resulting in net investment income after the preferred
dividends of $21,382,638 or $0.294 per common share. For the six
months ended February 28, 2005 the Fund had net investment income of
$51,161,476 ($0.702 per common share). From this amount, the Fund paid
dividends on preferred shares of $6,606,797 (equal to $0.091 for each
common share), resulting in net investment income after the preferred
dividends of $44,554,679 or $0.611 per common share.
   Net realized and unrealized gains for the three months ended
February 28, 2006 were $103,965,051 ($1.427 per common share) and net
realized and unrealized gains for the six months ended February 28,
2006 were $78,197,584 ($1.074 per common share). In comparison, net
realized and unrealized gains for the three months ended February 28,
2005 were $84,214,224 ($1.156 per common share) and net realized and
unrealized gains for six months ended February 28, 2005 were
$215,551,164 ($2.957 per common share).
   On February 28, 2006, net assets applicable to common shares of
the Fund were $1,883,984,723. The net asset value per common share on
February 28, 2006 was $25.87 based on 72,835,900 common shares
outstanding. In comparison, on February 28, 2005, net assets of the
Fund were $1,751,104,832. The net asset value per common share on
February 28, 2005 was $24.04 based on 72,835,900 common shares
outstanding.
   The Fund is managed by Eaton Vance Management. Eaton Vance had
over $113.3 billion in assets under management on January 31, 2006.
Eaton Vance Management will make available periodic summary
information regarding portfolio investments. Those interested should
call Eaton Vance Marketing at [phone].
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            EATON VANCE TAX-ADVANTAGED DIVIDEND INCOME FUND
                   SUMMARY OF RESULTS OF OPERATIONS
               (in thousands, except per share amounts)

                           Three Months Ended       Six Months Ended
                                   Feb. 28,              Feb. 28,
                           ------------------- -----------------------
                               2006      2005        2006        2005
                           --------- --------- ----------- -----------
Gross investment income     $43,433   $29,495     $74,967     $60,089
Operating expenses            4,785     4,513       9,402       8,928
                           --------- --------- ----------- -----------
   Net investment income    $38,648   $24,982     $65,565     $51,161
Net realized and
 unrealized gains (losses)
  on investments           $103,965   $84,214     $78,198    $215,551
Preferred dividends
 paid(a)                    ($6,860)  ($3,600)   ($13,154)    ($6,607)
                           --------- --------- ----------- -----------
   Net increase (decrease)
    in net assets
     from operations       $135,753  $105,596    $130,609    $260,105
                           ========= ========= =========== ===========

Earnings per Common Share Outstanding
-------------------------------------
Gross investment income      $0.596    $0.405      $1.029      $0.825
Operating expenses            0.066     0.062       0.129       0.123
                           --------- --------- ----------- -----------
   Net investment income     $0.531    $0.343      $0.900      $0.702
Net realized and
 unrealized gains (losses)
  on investments             $1.427    $1.156      $1.074      $2.957
Preferred dividends
 paid(a)                     (0.094)   (0.049)    ($0.181)     (0.091)
                           --------- --------- ----------- -----------
   Net increase (decrease)
    in net assets
     from operations         $1.864    $1.450      $1.793      $3.568
                           ========= ========= =========== ===========

Net investment income        $0.531    $0.343      $0.900      $0.702
Preferred dividends
 paid(a)                     (0.094)   (0.049)     (0.181)     (0.091)
                           --------- --------- ----------- -----------
Net investment income after
 preferred dividends         $0.437    $0.294      $0.719      $0.611
                           ========= ========= =========== ===========


(a) The Fund issued auction preferred shares on December 10, 2003.

Net Asset Value at February 28 (Common Shares)
---------------------------------------------
   Net assets (000)                            $1,883,985  $1,751,105
   Shares outstanding (000)                        72,836      72,836
   Net asset value per share outstanding           $25.87      $24.04

Market Value Summary (Common Shares)
-----------------------------------
   Market price on NYSE at February 28             $23.45      $21.72
   High market price (six months ended February 28)$23.45      $22.07
   Low market price (six months ended February 28) $20.56      $19.20
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