N-Q 1 e146278.htm SCHEDULE OF PORTFOLIO HOLDINGS

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

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY

Investment Company Act file number    811-21331
                                                                       _____________________________


Evergreen Managed Income Fund
_____________________________________________________________
(Exact name of registrant as specified in charter)

     
200 Berkeley Street
Boston, Massachusetts 02116
_____________________________________________________________
(Address of principal executive offices)          (Zip code)

    
 Michael H. Koonce, Esq.
200 Berkeley Street
Boston, Massachusetts 02116
____________________________________________________________
(Name and address of agent for service)


Registrant's telephone number, including area code: (617) 210-3200
                                                                                                  _______________

Date of fiscal year end: Registrant is making a quarterly filing for one of its series, Evergreen Managed Income Fund, for the quarter ended January 31, 2006. This one series has an October 31 fiscal year end.

Date of reporting period: January 31, 2006
                                            _______________

Item 1 – Schedule of Investments

EVERGREEN MANAGED INCOME FUND                   
SCHEDULE OF INVESTMENTS                   
January 31, 2006 (unaudited)                   
        Principal
Amount		   Value
AGENCY MORTGAGE-BACKED COLLATERALIZED MORTGAGE OBLIGATIONS  7.1 %               
FIXED-RATE   0.3%                   
FNMA, Ser. 2001-25, Class Z, 6.00%, 06/25/2031        $    2,099,142    $   2,118,664 
FLOATING-RATE   6.8%                   
FHLMC:                   
   Ser. 196, Class A, 5.30%, 12/15/2021            317,993      318,158 
   Ser. 1500, Class FD, 4.19%, 05/15/2023 ##            7,268,837      7,333,602 
   Ser. 2247, Class FC, 5.07%, 08/15/2030 ##            1,580,262      1,590,169 
   Ser. 2390, Class FD, 4.92%, 12/15/2031 ##            246,985      249,255 
   Ser. 2411, Class F, 5.02%, 02/15/2032            297,301      300,741 
   Ser. 2567, Class FH, 4.87%, 02/15/2033 ##            781,756      784,395 
   Ser. T-62, Class 1A1, 4.53%, 10/25/2044 ##            4,047,614      4,079,388 
FNMA:                   
   Ser. 2000-45, Class F, 4.83%, 12/25/2030            1,410,449      1,418,291 
   Ser. 2001-24, Class FC, 4.98%, 04/25/2031            483,479      488,285 
   Ser. 2001-35, Class F, 4.98%, 07/25/2031            102,547      104,236 
   Ser. 2001-37, Class F, 4.88%, 08/25/2031            584,764      589,898 
   Ser. 2001-57, Class F, 4.88%, 06/25/2031            103,241      104,594 
   Ser. 2001-62, Class FC, 5.03%, 11/25/2031            1,357,098      1,381,264 
   Ser. 2002-77:                   
        Class FH, 4.87%, 12/18/2032            605,378      610,539 
        Class FV, 4.87%, 12/18/2032            2,044,501      2,068,645 
   Ser. 2002-95, Class FK, 4.88%, 01/25/2033            6,145,186      6,269,503 
   Ser. 2002-97, Class FR, 4.93%, 01/25/2033            212,356      215,942 
   Ser. 2003-W6, Class F, 4.73%, 09/25/2042            6,866,683      6,904,312 
   Ser. 2003-W8, Class 3F2, 4.73%, 05/25/2042            1,214,889      1,222,713 
   Ser. 2005-W4, Class 3A, 4.84%, 06/25/2035            11,900,000      12,128,767 
   Ser. G92-53, Class FA, 5.16%, 09/25/2022            2,852,915      2,897,135 
GNMA, Ser. 1997-13, Class F, 5.00%, 09/16/2027            2,798,759      2,817,244 
                  53,877,076 
                 Total Agency Mortgage-Backed Collateralized Mortgage Obligations   (cost $55,861,826)               55,995,740 
AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES   29.0%                   
FIXED-RATE   4.1%                   
FHLMC, 8.50%, 03/01/2030            211,629      229,510 
FHLMC 15 year, 5.50%, TBA #            1,825,000      1,835,266 
FHLMC 30 year, 6.00%, TBA #            950,000      959,796 
FNMA:                   
   6.00%, 04/01/2033            1,005,456      1,016,234 
   6.50%, 11/01/2032            1,328,119      1,365,452 
   7.00%, 09/01/2031 – 08/01/2032            3,333,202      3,472,470 
   7.35%, 02/01/2012            710,037      723,260 
   7.50%, 07/01/2017 – 07/01/2032            865,000      908,290 
   8.00%, 06/01/2030            281,551      300,905 
FNMA 15 year, 5.50%, TBA #            5,775,000      5,811,094 
FNMA 30 year, 6.00%, TBA #            10,500,000      10,605,000 
GNMA:                   
   6.50%, 06/15/2028            165,178      173,244 
   9.50%, 12/15/2009 – 04/15/2011            4,513,832      4,989,543 
                  32,390,064 
FLOATING-RATE   24.9%                   
FHLMC:                   
   3.11%, 12/01/2033            16,018,614      16,240,312 
   3.41%, 06/01/2033            3,075,080      3,088,434 
   3.61%, 12/01/2026            198,724      202,249 
   4.20%, 03/01/2018 – 10/01/2033            863,883      888,725 
   4.29%, 10/01/2017            15,530      15,846 
   4.32%, 08/01/2017            45,759      46,755 
 
 
                  1 

EVERGREEN MANAGED INCOME FUND               
SCHEDULE OF INVESTMENTS continued               
January 31, 2006 (unaudited)                   
        Principal
Amount		   Value
AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES   continued               
FLOATING-RATE   continued                   
FHLMC:   continued                   
   4.375%, 12/01/2022        $    746    $   746 
   4.71%, 05/01/2019            19,330      19,976 
   4.83%, 10/01/2022            337,990      345,957 
   4.85%, 06/01/2018            352,387      357,842 
   4.875%, 12/01/2018            100,810      103,986 
   4.95%, 01/01/2030            296,937      304,770 
   5.03%, 05/01/2025            102,014      106,164 
   5.06%, 10/01/2035            6,737,868      6,661,124 
   5.19%, 07/01/2030            280,134      289,854 
   5.20%, 06/01/2031            1,319,610      1,349,301 
   5.32%, 06/01/2030            29,799      29,958 
   5.36%, 06/01/2035            252,308      256,140 
   5.375%, 10/01/2024            55,123      55,736 
   5.48%, 07/01/2032            5,000,939      4,999,219 
   5.50%, 09/01/2032            1,933,909      2,012,144 
   5.53%, 06/01/2028 – 08/01/2032            5,477,366      5,610,425 
   5.55%, 10/01/2033            775,279      805,298 
   5.71%, 10/01/2030            1,146,797      1,200,278 
   5.73%, 06/01/2023            558,641      574,361 
   5.81%, 08/01/2030            1,156,866      1,214,038 
   6.06%, 01/01/2027            473,489      487,244 
   7.22%, 03/01/2031            131,912      134,931 
FNMA:                   
   3.75%, 12/01/2035             9,005,906      9,270,454 
   3.89%, 10/01/2029            284,765      286,007 
   4.00%, 01/01/2017            126,187      127,452 
   4.12%, 03/01/2033            862,751      866,829 
   4.15%, 12/01/2009            5,238,213      5,214,065 
   4.32%, 12/01/2017            1,414,369      1,436,476 
   4.38%, 05/01/2029            8,868,897      8,860,897 
   4.47%, 02/01/2035            2,403,577      2,443,092 
   4.51%, 05/01/2033            4,007,613      3,955,786 
   4.56%, 08/01/2020            2,903,281      2,878,952 
   4.58%, 09/01/2041            2,357,176      2,387,048 
   4.65%, 03/01/2035            7,796,934      8,068,267 
   4.68%, 07/01/2044            3,567,706      3,635,064 
   4.73%, 06/01/2040 – 12/01/2040            9,309,113      9,429,911 
   4.74%, 06/01/2033            2,760,377      2,768,603 
   4.75%, 12/01/2016            22,177      22,245 
   4.79%, 02/01/2035            2,785,559      2,800,183 
   4.80%, 08/01/2034            9,690,495      9,741,273 
   4.87%, 04/01/2035            4,746,812      4,745,673 
   4.92%, 07/01/2020            1,283,439      1,276,021 
   4.98%, 03/01/2033            171,800      171,562 
   4.99%, 12/01/2031 – 10/01/2033            1,570,426      1,595,039 
   5.01%, 03/01/2034            3,185,585      3,260,287 
   5.02%, 04/01/2034            2,146,035      2,187,689 
   5.04%, 10/01/2032            865,520      890,430 
   5.11%, 01/01/2034            1,321,490      1,326,036 
   5.15%, 07/01/2032 – 04/01/2034            11,030,606      11,286,327 
   5.26%, 04/01/2025            412,240      417,087 
   5.39%, 06/01/2031            366,445      370,585 
   5.42%, 12/01/2034            2,930,826      3,046,681 
   5.44%, 10/01/2035            7,473,036      7,722,038 
 
 
 2                   

EVERGREEN MANAGED INCOME FUND               
SCHEDULE OF INVESTMENTS  continued               
January 31, 2006 (unaudited)                   
        Principal
Amount		   Value
AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES   continued               
FLOATING-RATE    continued                  
FNMA:    continued                   
   5.49%, 07/01/2033 – 02/01/2035        $    9,549,642    $   9,842,813 
   5.55%, 09/01/2024            13,322      13,442 
   5.57%, 10/01/2034            2,463,269      2,524,333 
   5.63%, 04/01/2034            3,479,367      3,600,275 
   5.64%, 02/01/2035            1,117,199      1,163,161 
   5.71%, 09/01/2032            754,210      778,503 
   5.73%, 04/01/2031            1,381,015      1,406,826 
   5.77%, 04/01/2028            1,924,838      1,974,402 
   6.00%, 05/01/2021 – 08/01/2021            43,676      43,926 
   6.05%, 12/01/2022            46,058      46,238 
   6.27%, 11/01/2024            734,757      754,676 
   6.34%, 01/01/2033            2,159,277      2,201,697 
   6.57%, 04/01/2033            1,470,642      1,527,408 
GNMA:                   
   4.00%, 02/20/2031            712,396      723,667 
   4.25%, 02/20/2029            1,646,512      1,675,606 
   4.375%, 01/20/2027 – 03/20/2028            804,345      821,863 
   4.50%, 09/20/2030 – 02/20/2031            1,808,639      1,852,667 
   5.00%, 11/20/2030 – 10/20/2031            2,503,679      2,544,133 
   5.125%, 10/20/2029 – 11/20/2030            4,148,633      4,218,480 
                  197,603,988 
                 Total Agency Mortgage-Backed Pass Through Securities  (cost $231,234,048)              229,994,052 
AGENCY REPERFORMING MORTGAGE-BACKED PASS THROUGH SECURITIES   0.7%               
FNMA:                   
   Ser. 2001-T10, Class A2, 7.50%, 12/25/2041            656,859      693,617 
   Ser. 2002-T6, Class A4, FRN, 4.90%, 03/25/2041            2,446,405      2,486,282 
   Ser. 2003-W02, Class 2A8, 5.67%, 07/25/2042            700,000      724,150 
   Ser. 2003-W06, Class 3A, 6.50%, 09/25/2042            1,583,503      1,621,222 
                 Total Agency Reperforming Mortgage-Backed Pass Through Securities   (cost $5,605,750)              5,525,271 
CORPORATE BONDS   69.8%                   
CONSUMER DISCRETIONARY   20.3%                   
Auto Components   1.6%                   
Accuride Corp., 8.50%, 02/01/2015            3,000,000      3,000,000 
Tenneco Automotive, Inc., 8.625%, 11/15/2014 þ            6,125,000      6,186,250 
TRW Automotive, Inc., 11.00%, 02/15/2013            3,000,000      3,420,000 
                  12,606,250 
Diversified Consumer Services   0.7%                   
Carriage Services, Inc., 7.875%, 01/15/2015            1,540,000      1,572,725 
Service Corporation International:                   
   6.75%, 04/01/2016            1,835,000      1,823,531 
   7.00%, 06/15/2017 144A            2,575,000      2,626,500 
                  6,022,756 
Hotels, Restaurants & Leisure   4.5%                   
Ameristar Casinos, Inc., 10.75%, 02/15/2009            6,000,000      6,322,500 
Equinox Holdings, Inc., 9.00%, 12/15/2009 þ            4,635,000      4,959,450 
Inn of the Mountain Gods Resort & Casino, 12.00%, 11/15/2010 þ            3,000,000      2,947,500 
Isle of Capri Casinos, Inc., 7.00%, 03/01/2014            3,250,000      3,205,312 
Mandalay Resort Group, Ser. B, 10.25%, 08/01/2007            5,000,000      5,350,000 
MGM MIRAGE, Inc., 9.75%, 06/01/2007            5,500,000      5,802,500 
Seneca Gaming Corp., Ser. B, 7.25%, 05/01/2012 144A            1,500,000      1,526,250 
Universal City Development Partners, Ltd., 11.75%, 04/01/2010            5,250,000      5,866,875 
                  35,980,387 
 
 
 
                  3 

EVERGREEN MANAGED INCOME FUND             
SCHEDULE OF INVESTMENTS  continued             
January 31, 2006 (unaudited)             
    Principal
Amount		   Value
CORPORATE BONDS   continued             
CONSUMER DISCRETIONARY   continued             
Household Durables   0.9%             
Hovnanian Enterprises, Inc., 7.75%, 05/15/2013 þ    $   1,750,000    $   1,771,875 
Standard Pacific Corp., 9.25%, 04/15/2012      3,000,000      3,135,000 
Technical Olympic USA, Inc., 10.375%, 07/01/2012      2,000,000      2,035,000 
            6,941,875 
Media   8.4%             
AMC Entertainment, Inc., Ser. B, 8.625%, 08/15/2012 þ      4,570,000      4,752,800 
Cablevision Systems Corp., Ser. B, 8.00%, 04/15/2012 þ      4,425,000      4,236,938 
CCO Holdings, LLC, 8.75%, 11/15/2013      3,000,000      2,895,000 
Cinemark USA, Inc., 9.00%, 02/01/2013      5,000,000      5,306,250 
CSC Holdings, Inc., 7.625%, 04/01/2011      1,800,000      1,811,250 
Dex Media East, LLC:             
   9.875%, 11/15/2009      5,500,000      5,967,500 
   12.125%, 11/15/2012      3,000,000      3,487,500 
Emmis Communications Corp., FRN, 10.37%, 06/15/2012      600,000      603,750 
Houghton Mifflin Co.:             
   8.25%, 02/01/2011      6,125,000      6,400,625 
   Sr. Disc. Note, Step Bond, 0.00%, 10/15/2013 † þ      3,000,000      2,467,500 
Mediacom Communications Corp., 9.50%, 01/15/2013 þ      9,000,000      8,977,500 
Paxson Communications Corp., FRN, 10.78%, 01/15/2013 144A      4,000,000      3,860,000 
R.H. Donnelley Corp., 10.875%, 12/15/2012      5,000,000      5,650,000 
Sinclair Broadcast Group, Inc., 8.00%, 03/15/2012      3,000,000      3,052,500 
Sirius Satellite Radio, Inc., 9.625%, 08/01/2013      4,725,000      4,665,937 
Visant Corp., 7.625%, 10/01/2012      3,035,000      3,042,588 
            67,177,638 
Multi-line Retail   0.8%             
Neiman Marcus Group, Inc.:             
   9.00%, 10/15/2015 144A      3,000,000      3,127,500 
   10.375%, 10/15/2015 144A þ      3,000,000      3,108,750 
            6,236,250 
Specialty Retail   1.4%             
American Achievement Corp., 8.25%, 04/01/2012      1,845,000      1,898,044 
FTD, Inc., 7.75%, 02/15/2014 þ      2,916,000      2,923,290 
United Auto Group, Inc., 9.625%, 03/15/2012      5,750,000      6,138,125 
            10,959,459 
Textiles, Apparel & Luxury Goods   2.0%             
Levi Strauss & Co.:             
   9.75%, 01/15/2015      2,975,000      3,149,781 
   12.25%, 12/15/2012      2,750,000      3,135,000 
Norcross Safety Products, LLC, Ser. B, 9.875%, 08/15/2011      6,000,000      6,255,000 
Warnaco Group, Inc., 8.875%, 06/15/2013      3,000,000      3,225,000 
            15,764,781 
CONSUMER STAPLES   2.6%             
Food & Staples Retailing   0.8%             
Rite Aid Corp., 12.50%, 09/15/2006      5,725,000      5,982,625 
Food Products   1.3%             
Chiquita Brands International, Inc., 8.875%, 12/01/2015 þ      6,000,000      5,595,000 
Del Monte Foods Co.:             
   6.75%, 02/15/2015      685,000      683,288 
   8.625%, 12/15/2012      4,108,000      4,375,020 
            10,653,308 
 
 
 4             

EVERGREEN MANAGED INCOME FUND              
SCHEDULE OF INVESTMENTS continued              
January 31, 2006 (unaudited)              
        Principal
Amount		   Value
CORPORATE BOND   continued              
CONSUMER STAPLES   continued              
Personal Products   0.5%              
Playtex Products, Inc., 8.00%, 03/01/2011     $   3,800,000    $   4,089,750 
ENERGY   9.2%                 
Energy Equipment & Services   3.0%              
Dresser, Inc., 9.375%, 04/15/2011       6,000,000      6,345,000 
GulfMark Offshore, Inc., 7.75%, 07/15/2014       1,675,000      1,758,750 
Hanover Compressor Co., 8.75%, 09/01/2011 þ       3,000,000      3,176,250 
Parker Drilling Co., 9.625%, 10/01/2013 þ       5,141,000      5,796,478 
SESI, LLC, 8.875%, 05/15/2011       6,000,000      6,315,000 
                23,391,478 
Oil, Gas & Consumable Fuels   6.2%              
ANR Pipeline Co., 8.875%, 03/15/2010       1,135,000      1,219,851 
Chesapeake Energy Corp.:              
    6.875%, 01/15/2016       3,500,000      3,587,500 
    7.75%, 01/15/2015 þ       6,925,000      7,392,437 
El Paso Corp., 7.875%, 06/15/2012       3,000,000      3,187,500 
El Paso Production Holding Co., 7.75%, 06/01/2013       4,500,000      4,781,250 
Exco Resources, Inc., 7.25%, 01/15/2011       900,000      918,000 
Overseas Shipholding Group, Inc., 8.25%, 03/15/2013       6,000,000      6,450,000 
Petroleum Helicopters, Inc., 9.375%, 05/01/2009       4,000,000      4,230,000 
Plains Exploration & Production Co., 8.75%, 07/01/2012       5,501,000      5,954,833 
Premcor Refining Group, Inc., 9.50%, 02/01/2013       2,650,000      2,955,579 
Targa Resources, Inc., 8.50%, 11/01/2013 144A       1,000,000      1,045,000 
Williams Cos.:                 
   7.50%, 01/15/2031          2,850,000      3,035,250 
    8.125%, 03/15/2012       4,150,000      4,559,813 
                49,317,013 
FINANCIALS   4.2%                 
Consumer Finance  1.7%             
General Motors Acceptance Corp.:              
    5.625%, 05/15/2009       3,500,000      3,281,677 
    6.125%, 09/15/2006 þ       3,000,000      2,968,620 
Northern Telecom Capital Corp., 7.875%, 06/15/2026       3,000,000      2,955,000 
Terra Capital, Inc., 11.50%, 06/01/2010        3,600,000      4,032,000 
                13,237,297 
Diversified Financial Services   0.2%              
Alamosa Delaware, Inc., 11.00%, 07/31/2010       1,600,000      1,800,000 
Insurance   1.0%                 
Crum & Forster Holdings Corp., 10.375%, 06/15/2013       5,000,000      5,312,500 
Triad Financial Corp., Ser. B, 11.125%, 05/01/2013       2,900,000      2,871,000 
                8,183,500 
Real Estate   1.3%                 
Crescent Real Estate Equities Co., REIT, 9.25%, 04/15/2009       3,500,000      3,666,250 
Omega Healthcare Investors, Inc., REIT, 7.00%, 04/01/2014       550,000      561,000 
Thornburg Mortgage, Inc., REIT, 8.00%, 05/15/2013       6,000,000      5,940,000 
                10,167,250 
HEALTH CARE   1.8%              
Health Care Equipment & Supplies   0.4%              
Universal Hospital Services, Inc., 10.125%, 11/01/2011       2,920,000      3,036,800 
 
 
                5 

EVERGREEN MANAGED INCOME FUND             
SCHEDULE OF INVESTMENTS  continued             
January 31, 2006 (unaudited)             
      Principal
Amount		   Value
CORPORATE BONDS   continued             
HEALTH CARE   continued             
Health Care Providers & Services   1.4%             
HCA, Inc., 8.75%, 09/01/2010    $   5,250,000    $   5,814,601 
IASIS Healthcare Corp., 8.75%, 06/15/2014      2,075,000      2,134,656 
Select Medical Corp., 7.625%, 02/01/2015      3,500,000      3,132,500 
            11,081,757 
INDUSTRIALS   3.4%             
Commercial Services & Supplies   1.6%             
Allied Waste North America, Inc., 9.25%, 09/01/2012      5,500,000      5,981,250 
NationsRent Companies, Inc., 9.50%, 10/15/2010      6,000,000      6,600,000 
            12,581,250 
Machinery   1.8%             
Case New Holland, Inc., 9.25%, 08/01/2011      9,750,000      10,481,250 
Commercial Vehicle Group, Inc., 8.00%, 07/01/2013 þ      1,775,000      1,801,625 
Dresser Rand Group, Inc., 7.375%, 11/01/2014 144A      2,269,000      2,359,760 
            14,642,635 
INFORMATION TECHNOLOGY   3.1%             
Electronic Equipment & Instruments 0.5%             
Da-Lite Screen Co., Inc., 9.50%, 05/15/2011      3,650,000      3,869,000 
IT Services   1.8%             
Stratus Technologies, Inc., 10.375%, 12/01/2008      2,500,000      2,612,500 
SunGard Data Systems, Inc.:             
   9.125%, 08/15/2013 144A      9,450,000      9,875,250 
   10.25%, 08/15/2015 144A      1,750,000      1,767,500 
            14,255,250 
Software   0.8%             
UGS Corp., 10.00%, 06/01/2012      5,740,000      6,342,700 
MATERIALS   13.3%             
Chemicals   4.1%             
Equistar Chemicals, LP, 10.625%, 05/01/2011      5,700,000      6,298,500 
Huntsman Advanced Materials, LLC, 11.625%, 10/15/2010      3,000,000      3,450,000 
Huntsman International, LLC, 11.50%, 07/15/2012      6,300,000      7,260,750 
Lyondell Chemical Co.:             
   9.50%, 12/15/2008 þ      1,880,000      1,981,050 
   10.50%, 06/01/2013      3,960,000      4,484,700 
   11.125%, 07/15/2012      1,165,000      1,313,538 
PQ Corp., 7.50%, 02/15/2013 144A      3,295,000      3,122,013 
Tronox Worldwide, Inc., 9.50%, 12/01/2012 144A      4,125,000      4,320,937 
            32,231,488 
Containers & Packaging   2.9%             
Crown Holdings, Inc., 7.75%, 11/15/2015 144A      5,300,000      5,525,250 
Graham Packaging Co., 9.875%, 10/15/2014 þ      3,075,000      3,059,625 
Graphic Packaging International, Inc., 9.50%, 08/15/2013 þ      6,000,000      5,670,000 
Owens-Brockway Glass Containers, Inc.:             
   8.25%, 05/15/2013 þ      4,300,000      4,547,250 
   8.75%, 11/15/2012      4,050,000      4,374,000 
            23,176,125 
Metals & Mining   4.5%             
Alaska Steel Corp., 7.75%, 06/15/2012 þ        3,350,000      3,283,000 
Foundation Pennsylvania Coal Co., 7.25%, 08/01/2014      3,595,000        3,747,787 
Freeport-McMoRan Copper & Gold, Inc.:             
   6.875%, 02/01/2014 þ      4,705,000      4,793,219 
   10.125%, 02/01/2010      1,450,000      1,595,000 
 
 
 6             

EVERGREEN MANAGED INCOME FUND                
SCHEDULE OF INVESTMENTS   continued                
January 31, 2006 (unaudited)                   
        Principal
Amount		   Value
 
CORPORATE BONDS   continued                   
MATERIALS   continued                   
Metals & Mining   continued                   
Indalex Holding Corp., 11.50%, 02/01/2014 144A        $       7,000,000    $   6,947,500 
Oregon Steel Mills, Inc., 10.00%, 07/15/2009               4,350,000      4,643,625 
United States Steel Corp., 10.75%, 08/01/2008               9,450,000      10,536,750 
                  35,546,881 
Paper & Forest Products   1.8%                   
Boise Cascade, LLC, 7.125%, 10/15/2014 þ               1,500,000      1,391,250 
Buckeye Technologies, Inc., 8.50%, 10/01/2013               5,000,000      5,050,000 
Georgia Pacific Corp.:                   
   8.00%, 01/15/2024               1,670,000      1,636,600 
   8.125%, 05/15/2011 þ               6,000,000      6,135,000 
                  14,212,850 
TELECOMMUNICATION SERVICES   7.1%                   
Diversified Telecommunication Services   2.6%                   
Consolidated Communications, Inc., 9.75%, 04/01/2012               3,900,000      4,163,250 
Insight Midwest, LP:                   
   9.75%, 10/01/2009               3,750,000      3,890,625 
   10.50%, 11/01/2010               3,500,000      3,705,625 
Qwest Communications International, Inc.:                   
   7.875%, 09/01/2011               3,000,000      3,187,500 
   8.875%, 03/15/2012               5,250,000      5,840,625 
                  20,787,625 
Wireless Telecommunication Services   4.5%                   
Alamosa Holdings, Inc., 8.50%, 01/31/2012               1,500,000      1,633,125 
American Cellular Corp., 10.00%, 08/01/2011               2,500,000      2,731,250 
Centennial Communications Corp.:                   
   10.00%, 01/01/2013 144A þ               1,500,000      1,560,000 
   10.125%, 06/15/2013               4,000,000      4,400,000 
Dobson Communications Corp.:                   
   8.375%, 11/01/2011 þ               1,500,000      1,605,000 
   8.875%, 10/01/2013 þ               1,750,000      1,771,875 
Horizon PCS, Inc., 11.375%, 07/15/2012               2,200,000      2,546,500 
Rural Cellular Corp.:                   
   8.25%, 03/15/2012               5,750,000      6,087,812 
   9.75%, 01/15/2010 þ               3,125,000      3,203,125 
Sprint Nextel Corp., Inc., Ser. D, 7.375%, 08/01/2015               6,000,000      6,345,810 
UbiquiTel, Inc., 9.875%, 03/01/2011               1,500,000      1,653,750 
US Unwired, Inc., Ser. B, 10.00%, 06/15/2012               1,500,000      1,706,250 
                  35,244,497 
UTILITIES   4.8%                   
Electric Utilities   1.8%                   
Edison Mission Energy, 10.00%, 08/15/2008               5,250,000      5,735,625 
Reliant Energy, Inc.:                   
   9.25%, 07/15/2010               3,000,000      2,977,500 
   9.50%, 07/15/2013 þ               5,500,000      5,472,500 
                  14,185,625 
Gas Utilities   0.5%                   
SEMCO Energy, Inc., 7.75%, 05/15/2013               4,000,000      4,177,044 
Independent Power Producers & Energy Traders   2.5%                 
AES Corp., 9.00%, 05/15/2015 144A                4,800,000      5,280,000 
Dynegy, Inc., 10.125%, 07/15/2013 144A               5,500,000      6,235,625 
 
 
                  7 

EVERGREEN MANAGED INCOME FUND         
SCHEDULE OF INVESTMENTS  continued         
January 31, 2006 (unaudited)             
    Principal
Amount		   Value
CORPORATE BONDS   continued             
UTILITIES   continued             
Independent Power Producers & Energy Traders   continued         
Mirant Corp., 7.375%, 12/31/2013 144A    $    4,425,000   $   4,524,562 
NRG Energy, Inc., 8.00%, 12/15/2013         3,579,000     4,008,480 
            20,048,667 
            Total Corporate Bonds (cost $554,700,832)            553,931,811 
FOREIGN BONDS-CORPORATE (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED)   21.9%      
CONSUMER DISCRETIONARY 1.2%           
Auto Components 0.1%             
TRW Automotive, Inc., 10.125%, 02/15/2013 EUR        704,000     959,428 
Automobiles 0.1%             
Renault SA, 6.125%, 06/26/2009 EUR        500,000     658,313 
Hotels, Restaurants & Leisure 0.7%             
McDonald’s Corp., 5.625%, 10/07/2009 EUR        1,000,000     1,310,539 
Sodexho Alliance SA, 5.875%, 03/25/2009 EUR        3,300,000     4,290,029 
            5,600,568 
Multi-line Retail 0.2%             
Woolworths Group plc, 8.75%, 11/15/2006 GBP        750,000     1,379,542 
Specialty Retail 0.1%             
LVMH Moet Hennessy-Louis Vuitton SA, 6.125%, 06/25/2008 EUR    1,000,000     1,294,297 
CONSUMER STAPLES 1.0%             
Beverages 0.2%             
Canandaigua Brands, Inc., 8.50%, 11/15/2009 GBP        750,000     1,461,479 
Food Products 0.3%             
Cadbury Schweppes plc, 4.25%, 06/30/2009 EUR        2,000,000     2,493,986 
Tobacco 0.5%             
British American Tobacco plc, 4.875%, 02/25/2009 EUR        1,000,000     1,263,123 
Imperial Tobacco plc, 6.50%, 11/13/2008 GBP        1,500,000     2,780,889 
            4,044,012 
ENERGY 0.5%             
Oil, Gas & Consumable Fuels 0.5%             
Pemex Project Funding Master Trust, 6.625%, 04/04/2010 EUR    2,500,000     3,361,105 
Transco plc, 7.00%, 12/15/2008 AUD        1,000,000     777,302 
            4,138,407 
FINANCIALS 16.4%             
Capital Markets 1.1%             
Deutsche Bank AG, FRN, 3.35%, 08/09/2007 CAD        6,200,000     5,429,682 
Goldman Sachs Group, Inc., 4.25%, 08/04/2010 EUR        2,000,000     2,510,177 
Morgan Stanley, FRN, 5.42%, 11/14/2013 GBP        510,000     938,453 
            8,878,312 
Commercial Banks 8.4%             
Banco Santander Central Hispano SA, 4.00%, 09/10/2010 EUR    7,700,000     9,632,311 
BOS International Australia, 3.50%, 01/22/2007 CAD        5,000,000     4,356,886 
BSCH Issuances, Ltd., 5.125%, 07/06/2009 EUR        2,000,000     2,571,288 
DnB NOR ASA, FRN, 3.63%, 12/08/2008 CAD        4,000,000     3,500,972 
Eurofima:             
   5.50%, 09/15/2009 AUD        2,400,000     1,806,512 
   6.50%, 08/22/2011 AUD        5,000,000     3,931,453 
European Investment Bank:             
   4.00%, 04/15/2009 SEK        5,000,000     676,699 
   4.25%, 12/07/2010 GBP        1,950,000     3,440,207 
   5.75%, 09/15/2009 AUD        5,470,000     4,163,851 
 
 
 8             

EVERGREEN MANAGED INCOME FUND            
SCHEDULE OF INVESTMENTS continued            
January 31, 2006 (unaudited)               
    Principal
Amount  		  Value
FOREIGN BONDS-CORPORATE (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED)   continued       
FINANCIALS   continued               
Commercial Banks   continued               
European Investment Bank:   continued            
   8.00%, 10/21/2013 ZAR        58,430,000    $   9,778,914 
   FRN, 2.82%, 08/16/2013 GBP        800,000      1,657,238 
Kreditanstalt für Wiederaufbau:                 
   3.50%, 04/17/2009 EUR        1,300,000      1,599,410 
   4.75%, 12/07/2010 GBP        3,790,000      6,818,509 
Landwirtschaftliche Rentenbank, 6.00%, 09/15/2009 AUD     7,100,000      5,436,052 
Rabobank Australia, Ltd., 6.25%, 11/22/2011 NZD     725,000      489,533 
Rabobank Nederland:               
   4.25%, 01/05/2009 CAD        3,030,000      2,655,661 
   FRN, 3.60%, 06/18/2007 CAD        5,000,000      4,379,214 
              66,894,710 
Consumer Finance   1.9%               
ABB International Finance, Ltd., 6.50%, 11/30/2011 EUR     2,360,000      3,239,105 
General Electric Capital Corp., 5.25%, 12/10/2013 GBP     1,880,000      3,469,286 
HSBC Finance Corp., 7.00%, 03/27/2012 GBP     370,000      730,730 
International Lease Finance Corp., 4.125%, 10/09/2008 EUR     1,000,000      1,241,089 
KfW International Finance, Inc., 6.25%, 12/17/2007 NZD #     9,160,000      6,216,389 
              14,896,599 
Diversified Financial Services   0.9%            
Cedulas TDA, 3.25%, 06/19/2010 EUR     6,000,000      7,284,616 
Insurance   0.3%               
Aegon NV, 4.625%, 04/16/2008 EUR        1,000,000      1,252,897 
Travelers Insurance Co., 6.00%, 04/07/2009 AUD     1,000,000      757,475 
              2,010,372 
Thrifts & Mortgage Finance   3.8%            
Canada Housing Trust, Ser. 5, 3.70%, 09/15/2008 CAD     6,280,000      5,451,684 
Nykredit, 5.00%, 10/01/2035 DKK        63,359,975      10,469,841 
Totalkredit, FRN, 3.07%, 01/01/2015 DKK     86,614,765      14,245,455 
              30,166,980 
INDUSTRIALS   1.1%               
Commercial Services & Supplies   0.6%           
Agbar International, 6.00%, 11/12/2009 EUR     3,290,000      4,363,587 
Electrical Equipment   0.3%               
Fimep SA, 11.00%, 02/15/2013 EUR        1,550,000      2,268,989 
Machinery   0.2%               
Harsco Corp., 7.25%, 10/27/2010 GBP     1,000,000      1,959,162 
INFORMATION TECHNOLOGY   0.3%            
Office Electronics   0.3%               
Xerox Corp., 9.75%, 01/15/2009 EUR        1,800,000      2,541,828 
TELECOMMUNICATION SERVICES   0.7%           
Diversified Telecommunication Services   0.7%            
Deutsche Telekom AG, 6.25%, 12/09/2010 GBP     1,700,000      3,190,638 
France Telecom, FRN, 2.77%, 01/23/2007 EUR     2,018,000      2,460,559 
              5,651,197 
UTILITIES   0.7%               
Electric Utilities   0.7%               
Electricidade De Portugal, 6.40%, 10/29/2009 EUR     2,000,000      2,684,397 
International Endesa BV, 4.375%, 06/18/2009 EUR     2,000,000      2,509,447 
              5,193,844 
                 Total Foreign Bonds-Corporate (Principal Amount Denominated in Currency Indicated) (cost $168,901,619)      174,140,228 
 
              9 

EVERGREEN MANAGED INCOME FUND               
SCHEDULE OF INVESTMENTS continued               
January 31, 2006 (unaudited)               
    Principal
Amount		   Value
FOREIGN BONDS-GOVERNMENT (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED)   14.5%       
Australia, 5.03%, 08/20/2020 AUD        13,650,000    $   15,902,146 
France, 1.67%, 07/25/2015 EUR        2,950,000      3,675,936 
Hong Kong, 4.76%, 06/18/2007 HKD        69,750,000      9,116,102 
Hungary, 9.25%, 10/12/2007 HUF        1,740,300,000      8,747,196 
Mexico, 10.00%, 12/05/2024 MXN        80,300,000      8,861,804 
New Zealand:               
   6.00%, 04/15/2015 NZD        50,000      34,718 
   6.50%, 04/15/2013 NZD        6,606,000      4,708,350 
Norway, 6.00%, 05/16/2011 NOK        81,865,000      13,750,822 
Ontario Province:               
   4.50%, 04/17/2008 CAD        5,250,000      4,637,017 
   5.75%, 03/03/2008 NZD #        5,000,000      3,356,894 
Poland, 8.50%, 05/12/2006 PLN        28,578,000      9,201,681 
Quebec Province, 5.625%, 06/21/2011 EUR        800,000      1,079,352 
Sweden:               
   5.25%, 03/15/2011 SEK        70,000,000      10,079,786 
   5.50%, 10/08/2012 SEK        32,910,000      4,884,213 
United Kingdom, 6.39%, 08/23/2011 GBP        3,491,000      16,740,546 
                 Total Foreign Bonds-Government (Principal Amount Denominated in Currency Indicated)  (cost $114,926,556)      114,776,563 
YANKEE OBLIGATIONS-CORPORATE   4.6%               
CONSUMER DISCRETIONARY   0.8%               
Media   0.8%               
IMAX Corp., 9.625%, 12/01/2010 þ    $   6,000,000      6,165,000 
CONSUMER STAPLES   0.6%               
Food & Staples Retailing   0.6%               
The Jean Coutu Group (PJC), Inc., 8.50%, 08/01/2014 þ        5,000,000      4,787,500 
FINANCIALS   0.4%               
Capital Markets   0.0%               
UBS Luxembourg SA, FRN, 6.38%, 10/24/2006        260,000      263,796 
Diversified Financial Services   0.4%               
Ship Finance International, Ltd., 8.50%, 12/15/2013        3,455,000      3,230,425 
INDUSTRIALS   0.1%               
Transportation Infrastructure   0.1%               
Sea Containers, Ltd., 10.50%, 05/15/2012 þ        880,000      875,600 
INFORMATION TECHNOLOGY   0.7%               
Electronic Equipment & Instruments   0.7%               
Celestica, Inc.:               
   7.625%, 07/01/2013 þ        2,250,000      2,210,625 
   7.875%, 07/01/2011        3,175,000      3,214,687 
              5,425,312 
MATERIALS   1.0%               
Metals & Mining   0.8%               
Novelis, Inc., 7.25%, 02/15/2015 144A        6,300,000      5,985,000 
Paper & Forest Products   0.2%               
Abitibi-Consolidated, Inc., 8.85%, 08/01/2030 þ        1,775,000      1,526,500 
TELECOMMUNICATION SERVICES   1.0%               
Diversified Telecommunication Services   0.3%               
Northern Telecom, Ltd., 6.875%, 09/01/2023        3,000,000      2,700,000 
 
 
10               

EVERGREEN MANAGED INCOME FUND                
SCHEDULE OF INVESTMENTS  continued                
January 31, 2006 (unaudited)  
Principal
Amount
Value
YANKEE OBLIGATIONS-CORPORATE   continued                   
TELECOMMUNICATION SERVICES   continued                   
Wireless Telecommunication Services   0.7%                   
Rogers Wireless, Inc.:                       
   7.50%, 03/15/2015            $    1,750,000    $   1,907,500  
   9.625%, 05/01/2011                3,000,000      3,480,000  
                      5,387,500  
                 Total Yankee Obligations-Corporate (cost $37,287,624)               36,346,633  
CONVERTIBLE DEBENTURES   0.1%                       
UTILITIES   0.1%                       
Independent Power Producers & Energy Traders   0.1%               
Calpine Corp., 7.75%, 06/01/2015 þ + • (cost $4,000,000)         4,000,000      470,000  
            Shares   Value  
SHORT-TERM INVESTMENTS   12.7%                   
MUTUAL FUND SHARES   12.7%                       
Evergreen Institutional Money Market Fund ø ##            14,990,969      14,990,969  
Navigator Prime Portfolio þþ                85,413,788      85,413,788  
            Total Short-Term Investments  (cost $100,404,757)                 100,404,757  
Total Investments (cost $1,272,923,012) 160.4%                  1,271,585,055  
Other Assets and Liabilities and Preferred Shares   (60.4%)              (478,611,516 ) 
Net Assets Applicable to Common Shareholders   100.0%            $   792,973,539  

## All or a portion of this security has been segregated for when-issued or delayed delivery securities.
# When-issued or delayed delivery security
 Security is valued at fair value as determined by the investment advisor in good faith, according to procedures approved by the Board of Trustees.
þ All or a portion of this security is on loan.
144A Security that may be sold to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended. This security has been determined to be liquid under guidelines established by the Board of Trustees, unless otherwise noted.
† Security initially issued in zero coupon form which converts to coupon form at a specified rate and date. An effective interest rate is applied to recognize interest income daily for the bond. This rate is based on total expected interest to be earned over the life of the bond which consists of the aggregate coupon-interest payments and discount at acquisition. The rate shown is the stated rate at the current period end.
+ Security is deemed illiquid and is valued using market quotations when readily available.
• Security which has defaulted on payment of interest and/or principal. The Fund has stopped accruing interest on this security.
ø Evergreen Investment Management Company, LLC is the investment advisor to both the Fund and the money market fund.
þþ Represents investment of cash collateral received from securities on loan.

Summary of Abbreviations
AUD Australian Dollar
CAD Canadian Dollar
DKK Danish Krone
EUR Euro
FHLMC Federal Home Loan Mortgage Corp.
FNMA Federal National Mortgage Association
FRN Floating Rate Note
GBP Great British Pound
GNMA Government National Mortgage Association
HKD Hong Kong Dollar
HUF Hungarian Forint
JPY Japanese Yen
MXN Mexican Peso
NOK Norwegian Krone
NZD New Zealand Dollar
PLN Polish Zloty
REIT Real Estate Investment Trust
SEK Swedish Krona
TBA To Be Announced
ZAR South African Rand

11

EVERGREEN MANAGED INCOME FUND 
SCHEDULE OF INVESTMENTS   continued 
January 31, 2006 (unaudited) 


At January 31, 2006, the Fund had the following open interest rate swap agreements: 


Expiration     Notional
Amount		       Counterparty   Cash Flows Paid
by the Fund		     Cash Flows Received
by the Fund		     Unrealized
Gain		  
11/27/2006 $168,000,000 JPMorgan Chase & Co. Fixed-2.79% Floating-4.53%1 $2,861,694
11/26/2008 112,000,000 JPMorgan Chase & Co. Fixed-3.582% Floating-4.53%1 3,798,733
1This rate represents the 1 month USD London InterBank Offered Rate (LIBOR) effective for the period of January 26, 2006 through February 27, 2006.       
 
At January 31, 2006, the Fund had forward foreign currency exchange contracts outstanding as follows:             
 
Forward Foreign Currency Exchange Contracts to Buy:                        
 
Exchange
Date		     Contracts to
Receive		       U.S. Value at 
January 31, 2006		   In Exchange for
Danish Krone		     U.S. Value at
January 31, 2006		     Unrealized
Gain		  
03/24/2006 3,452,944,320 JPY $29,893,034   185,792,000       $29,721,015 $172,019  
 
Exchange
Date		     Contracts to
Receive		       U.S. Value at
January 31, 2006		   In Exchange for
Japanese Yen		     U.S. Value at
January 31, 2006		     Unrealized
Loss		  
03/13/2006     6,338,509 EUR         $7,661,042    880,216,000        $7,735,021        $73,979  
04/10/2006     63,588,611 EUR       76,856,410    8,813,000,000      77,723,398      866,988  
 
Exchange
Date		     Contracts to
Receive		       U.S. Value at
January 31, 2006		   In Exchange for
Euro		     U.S. Value at
January 31, 2006		     Unrealized
Gain (Loss)		  
03/13/2006     1,064,000,000 JPY       $9,290,142   7,601,194       $9,145,107       $145,035  
03/13/2006     4,000,000,000 JPY     33,280,639   28,366,783     34,380,103     (1,099,464)  
04/10/2006     8,813,000,000 JPY       76,010,177   63,706,054     76,023,160     (12,983)  
 
Exchange
Date		     Contracts to
Receive		       U.S. Value at
January 31, 2006		   In Exchange for
Great British
Pound		     U.S. Value at
January 31, 2006		     Unrealized
Gain		  
03/13/2006     5,177,601,600 JPY         $44,823,839   25,680,000       $44,565,902       $257,937  
   
On January 31, 2006, the aggregate cost of securities for federal income tax purposes was $1,273,466,194. The gross unrealized appreciation and depreciation on securities based on tax cost was $18,224,644 and $20,105,783, respectively, with a net unrealized depreciation of $1,881,139.
 

12 


Item 2 – Controls and Procedures

(a)      The registrant's principal executive officer and principal financial officer have evaluated the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) within 90 days of this filing and have concluded that the registrant's disclosure controls and procedures were effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-Q was recorded, processed, summarized, and reported timely.
 
(b)      There has been no change in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonable likely to materially affect, the registrant’s internal control over financial reporting.
 

Item 3 – Exhibits

File the exhibits listed below as part of this Form. Letter or number the exhibits in the sequence indicated.

(a) Separate certifications for the registrant's principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached as EX-99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Evergreen Managed Income Fund

By:  /s/ Dennis H. Ferro
       _______________________
       Dennis H. Ferro,
       Principal Executive Officer

Date: March 31, 2006

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:  /s/ Dennis H. Ferro
       _______________________
       Dennis H. Ferro,
       Principal Executive Officer

Date: March 31, 2006

By:  /s/ Kasey Phillips 
       ________________________
       Kasey Phillips 
       Principal Financial Officer

Date: March 31, 2006