Eaton Vance Insured New Jersey Municipal Bond Fund (AMEX:EMJ) (the ?Fund?), a closed-end management investment company, today announced the earnings of the Fund for the nine months ended June 30, 2007. The Fund's fiscal year ends on September 30, 2007.

For the three months ended June 30, 2007, the Fund had net investment income of $624,246 ($0.244 per common share). From this amount, the Fund paid dividends on preferred shares of $188,896 (equal to $0.074 for each common share), resulting in net investment income after the preferred dividends of $435,350, or $0.170 per common share. The Fund's net investment income for the nine months ended June 30, 2007 was $1,886,106 ($0.736 per common share, before deduction of the preferred share dividends totaling $0.212 per common share), resulting in net investment income after the preferred dividends of $0.524 per common share. In comparison, for the three months ended June 30, 2006, the Fund had net investment income of $639,629 ($0.250 per common share). From this amount, the Fund paid dividends on preferred shares of $179,767 (equal to $0.070 for each common share), resulting in net investment income after the preferred dividends of $459,862, or $0.180 per common share. The Fund's net investment income for the nine months ended June 30, 2006 was $1,926,250 ($0.752 per common share, before deduction of the preferred share dividends totaling $0.185 per common share), resulting in net investment income after the preferred dividends of $0.567 per common share.

Net realized and unrealized losses for the three months ended June 30, 2007 were $1,294,649 ($0.509 per common share). The Fund's net realized and unrealized losses for the nine months ended June 30, 2007 were $780,994 ($0.305 per common share). In comparison, net realized and unrealized losses for the three months ended June 30, 2006 were $1,092,626 ($0.426 per common share). The Fund's net realized and unrealized losses for the nine months ended June 30, 2006 were $963,110 ($0.376 per common share).

On June 30, 2007, net assets of the Fund applicable to common shares were $39,775,313. The net asset value per common share on June 30, 2007 was $15.51 based on 2,565,047 common shares outstanding. In comparison, on June 30, 2006, net assets of the Fund applicable to common shares were $37,934,545. The net asset value per common share on June 30, 2006 was $14.80 based on 2,563,512 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 billion in assets under management as of August 15, 2007. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance at (800) 262-1122.

EATON VANCE INSURED NEW JERSEY MUNICIPAL BOND FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)
       
Three Months Ended Nine Months Ended
June 30, June 30,
2007 2006 2007 2006
Net investment income $ 624 $ 640 $ 1,886 $ 1,927
Net realized and unrealized gains (losses) on investments
(1,295) (1,093) (781) (963)
Preferred dividend paid from net investment income (189) (179) (543) (474)
Net increase (decrease) in net assets from operations
$ (860) $ (632) $ 562 $ 490
 
Earnings per Share Outstanding
Net investment income $ 0.244 $ 0.250 $ 0.736 $ 0.752
Net realized and unrealized gains (losses) on investments
$ (0.509) (0.429) (0.305) (0.376)
Preferred dividend paid from net investment income (0.074) (0.070) (0.212) (0.185)
Net increase (decrease) in net assets from operations
$ (0.339) $ (0.249) $ 0.219 $ 0.191
 
Net investment income $ 0.244 $ 0.250 $ 0.736 $ 0.752
Preferred dividend paid from net investment income (0.074) (0.070) (0.212) (0.185)
Net investment income after preferred dividend $ 0.170 $ 0.180 $ 0.524 $ 0.567
 
Net Asset Value at June 30, (Common Shares)
Net assets (000) $ 39,775 $ 37,935
Shares outstanding (000) $ 2,565 $ 2,564
Net asset value per share outstanding $ 15.51 $ 14.80
 
Market Value Summary (Common Shares)
Market price on AMEX at June 30 $ 15.40 $ 14.76
High market price (period ended June 30) $ 16.80 $ 17.30
Low market price (period ended June 30) $ 15.21 $ 14.66

Eaton Vance
Investor Contact: 800-262-1122