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

For the three months ended March 31, 2007, the Fund had net investment income of $3,965,676 ($0.253 per common share). From this amount, the Fund paid dividends on preferred shares of $1,118,116 (equal to $0.071 for each common share), resulting in net investment income after the preferred dividends of $2,847,560 or $0.182 per common share. For the six months ended March 31, 2007, the Fund had net investment income of $7,912,590 ($0.504 per common share), before deduction of the preferred share dividends of $2,272,149 ($0.145 per common share), resulting in net investment income after the preferred dividends of $5,640,441 or $0.359 per common share. In comparison, for the three months ended March 31, 2006, the Fund had net investment income of $3,952,296 ($0.252 per common share). From this amount, the Fund paid dividends on preferred shares of $978,003 (equal to $0.062 for each common share), resulting in net investment income after the preferred dividends of $2,974,293 or $0.190 per common share. For the six months ended March 31, 2006, the Fund had net investment income of $7,873,965 ($0.502 per common share), before deduction of the preferred share dividends of $1,918,193 ($0.122 per common share), resulting in net investment income after the preferred dividends of $5,955,772 or $0.380 per common share.

Net realized and unrealized losses for the three months ended March 31, 2007 were $1,416,716 ($0.090 per common share). The Fund's net realized and unrealized gains for the six months ended March 31, 2007 were $1,236,852 ($0.081). In comparison, net realized and unrealized gains for the three months ended March 31, 2006 were $1,248,771 ($0.078 per common share). The Fund's net realized and unrealized gains for the six months ended March 31, 2006 were $1,170,066 ($0.073 per common share).

On March 31, 2007, net assets of the Fund applicable to common shares were $238,895,520. The net asset value per common share on March 31, 2007 was $15.22 based on 15,698,145 common shares outstanding. In comparison, on March 31, 2006, net assets of the Fund applicable to common shares were $232,274,065. The net asset value per common share on March 31, 2006 was $14.80 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 over $150.0 billion in assets under management on April 30, 2007. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance 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 March 31, Six Months Ended March 31,
2007  2006  2007  2006 
Net investment income $3,966  $3,952  $7,913  $7,874 
Net realized and unrealized gains (losses) on investments
($1,417) $1,249  $1,237  $1,170 
Preferred dividend paid from net investment income ($1,118) ($978) ($2,272) ($1,918)
Net increase (decrease) in net assets from operations
$1,431  $4,223  $6,878  $7,126 
 
Earnings per Share Outstanding
Net investment income $0.253  $0.252  $0.504  $0.502 
Net realized and unrealized gains (losses) on investments
($0.090) $0.078  $0.081  $0.073 
Preferred dividend paid from net investment income ($0.071) ($0.062) ($0.145) ($0.122)
Net increase (decrease) in net assets from operations
$0.092  $0.268  $0.440  $0.453 
 
Net investment income $0.253  $0.252  $0.504  $0.502 
Preferred dividend paid from net investment income (0.071) (0.062) (0.145) (0.122)
Net investment income after preferred dividend $0.182  $0.190  $0.359  $0.380 
 
Net Asset Value at March 31, (Common Shares)
Net assets (000) $240,275  $232,274 
Shares outstanding (000) 15,698  15,698 
Net asset value per share outstanding $15.31  $14.80 
 
Market Value Summary (Common Shares)
Market price on AMEX at March 31 $15.15  $14.04 
High market price (six months ended March 31) $15.15  $14.65 
Low market price (six months ended March 31) $14.35  $13.09