Eaton Vance Insured New York Municipal Bond Fund Report of Earnings

BOSTON, June 16 /PRNewswire-FirstCall/ -- Eaton Vance Insured New York
Municipal Bond Fund (NYSE Amex: ENX) (the "Fund"), a closed-end management
investment company, today announced the earnings of the Fund for the three and
six months ended March 31, 2009. The Fund's fiscal year ends on September 30,
2009.

For the three months ended March 31, 2009, the Fund had net investment income
of $3,150,494 ($0.200 per common share). For the six months ended March 31,
2009, the Fund had net investment income of $5,989,132 ($0.380 per common
share). In comparison, for the three months ended March 31, 2008, the Fund
had net investment income of $3,907,863 ($0.248 per common share). From this
amount, the Fund paid dividends on preferred shares of $1,234,561 (equal to
$0.078 for each common share), resulting in net investment income after the
preferred dividends of $2,673,302, or $0.170 per common share. For the six
months ended March 31, 2008, the Fund had net investment income of $7,771,138
($0.494 per common share). From this amount, the Fund paid dividends on
preferred shares of $2,471,837 (equal to $0.157 for each common share),
resulting in net investment income after the preferred dividends of
$5,299,301, or $0.337 per common share.

Net realized and unrealized gains for the three months ended March 31, 2009
were $17,577,055 ($1.117 per common share). Net realized and unrealized losses
for the six months ended March 31, 2009 were $5,801,186 ($0.367 per common
share). In comparison, net realized and unrealized losses for the three
months ended March 31, 2008 were $18,479,266 ($1.170 per common share). Net
realized and unrealized losses for the six months ended March 31, 2008 were
$23,737,325 ($1.504 per common share).

On March 31, 2009, net assets of the Fund applicable to common shares were
$178,393,749. The net asset value per common share on March 31, 2009 was
$11.31 based on 15,768,379 common shares outstanding. In comparison, on March
31, 2008, net assets of the Fund applicable to common shares were
$208,902,158. The net asset value per common share on March 31, 2008 was
$13.28 based on 15,733,205 common shares outstanding.

The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance
Corp. (NYSE: EV), based in Boston, one of the oldest investment management
firms in the United States, with a history dating back to 1924. Eaton Vance
and its affiliates managed $127.2 billion in assets as of April 30, 2009
offering individuals and institutions a broad array of investment products and
wealth management solutions. The Company's long record of providing exemplary
service and attractive returns through a variety of market conditions has made
Eaton Vance the investment manager of choice for many of today's most
discerning investors. For more information about Eaton Vance, visit
www.eatonvance.com.

EATON VANCE INSURED NEW YORK MUNICIPAL BOND FUND
SUMMARY OF RESULTS OF OPERATIONS
(in thousands, except per share amounts)

Three Months Ended Six Months Ended
March 31, March 31,
--------- ---------
2009 2008 2009 2008
---- ---- ---- ----
Net investment income $3,150 $3,908 $5,989 $7,771
Net realized and unrealized gains
(losses) on investments 17,577 (18,479) (5,801) (23,737)
Preferred dividends paid from net
investment income (1) - (1,235) - (2,472)
-- ------ -- ------
Net increase (decrease) in net
assets from operations $20,727 $(15,806) $188 $(18,438)
======= ======== ==== ========

Earnings per Common Share Outstanding
-------------------------------------
Net investment income $0.200 $0.248 $0.380 $0.494
Net realized and unrealized
gains (losses) on investments 1.117 (1.170) (0.367) (1.504)
Preferred dividends paid from
net investment income (1) - (0.078) - (0.157)
-- ------ -- ------
Net increase (decrease) in net
assets from operations $1.317 $(1.000) $0.013 $(1.167)
====== ======= ====== =======

Net investment income $0.200 $0.248 $0.380 $0.494
Preferred dividends paid from net
investment income (1) - (0.078) - (0.157)
-- ------ -- ------
Net investment income after
preferred dividends $0.200 $0.170 $0.380 $0.337
====== ====== ====== ======

Net Asset Value at March 31
(Common Shares)
---------------------------
Net assets $178,394 $208,902
Shares outstanding 15,768 15,733
Net asset value per share
outstanding $11.31 $13.28

Market Value Summary (Common Shares)
------------------------------------
Market price on NYSE Amex
at March 31 $11.12 $13.42
High market price (period
ended March 31) $13.70 $15.05
Low market price (period
ended March 31) $7.21 $13.05

(1) Beginning in May 2008 through August 2008, the Fund redeemed in full
each series of its Auction Preferred Shares.

SOURCE Eaton Vance Management

Investors, Eaton Vance Management, +1-800-262-1122