SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

KESTER CARL W

(Last)

(First)

(Middle)

800 SCUDDERS MILL RD

(Street)

PLAINSBORO

08536

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/27/2005

3. Issuer Name and Ticker or Trading Symbol
Enhanced Equity Yield & Premium Fund, Inc. [ ECV ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)

1. Name and Address of Reporting Person^*

KESTER CARL W

(Last)

(First)

(Middle)

800 SCUDDERS MILL RD

(Street)

PLAINSBORO

08536

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

FLYNN JAMES T

(Last)

(First)

(Middle)

800 SCUDDERS MILL RD

(Street)

PLAINSBORO

08536

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

ROBARDS KAREN P

(Last)

(First)

(Middle)

800 SCUDDERS MILL RD

(Street)

PLAINSBORO

08536

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

BEIM DAVID O

(Last)

(First)

(Middle)

800 SCUDDERS MILL RD

(Street)

PLAINSBORO

08536

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Costa Vincent J

(Last)

(First)

(Middle)

800 SCUDDERS MILL ROAD

(Street)

PLAINSBORO

08536

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Jelilian Debbie

(Last)

(First)

(Middle)

800 SCUDDERS MILL ROAD

(Street)

PLAINSBORO

08562

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Clark Jonathan

(Last)

(First)

(Middle)

800 SCUDDERS MILL ROAD

(Street)

PLAINSBORO

08536

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

PELLEGRINO ALICE A

(Last)

(First)

(Middle)

(Street)

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Bej Natalie S

(Last)

(First)

(Middle)

800 SCUDDDERS MILL ROAD

(Street)

PLAINSBORO

08536

(City)

(State)

(Zip)

Explanation of Responses:

No securities are beneficially owned.

	Catherine Johnston, Power of Attorney	06/27/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.