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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 July 31, 2005. This one series have an October 31 fiscal year end.

Date of reporting period:
July 2005

Item 1 – Schedule of Investments

EVERGREEN MANAGED INCOME FUND
SCHEDULE OF INVESTMENTS
July 31, 2005 (unaudited)
  Principal
Amount		 Value

AGENCY MORTGAGE-BACKED COLLATERALIZED MORTGAGE OBLIGATIONS  4.5%		            

FIXED-RATE  0.3%		    
FNMA, Ser. 2001-25, Class Z, 6.00%, 06/25/2031     $ 2,475,065   $ 2,511,300  
FLOATING-RATE  4.2%    
FHLMC:    
    Ser. 0196, Class A, 3.80%, 12/15/2021       365,657     366,176  
    Ser. 1500, Class FD, 3.77%, 05/15/2023 ##       8,474,869     8,606,484  
    Ser. 2247, Class FC, 3.99%, 08/15/2030 ##       1,762,495     1,773,989  
    Ser. 2390, Class FD, 3.84%, 12/15/2031       285,356     287,438  
    Ser. 2411, Class F, 3.94%, 02/15/2032       363,770     366,246  
FNMA:    
    Ser. 2000-45, Class F, 3.91%, 12/25/2030       1,701,561     1,711,481  
    Ser. 2001-24, Class FC, 4.06%, 04/25/2031       590,621     594,426  
    Ser. 2001-37, Class F, 3.96%, 08/25/2031       671,226     677,581  
    Ser. 2001-62, Class FC, 4.11%, 11/25/2031       1,607,569     1,624,911  
    Ser. 2002-77, Class FH, 3.66%, 12/18/2032       734,011     738,791  
    Ser. 2002-77, Class FV, 3.91%, 12/18/2032       2,497,571     2,521,072  
    Ser. 2002-95, Class FK, 3.96%, 01/25/2033       7,159,033     7,265,273  
    Ser. 2002-97, Class FR, 3.86%, 01/25/2033       246,229     249,436  
    Ser. 2003-W8, Class 3F2, 3.81%, 05/25/2042       1,454,912     1,463,583  
    Ser. G92-53, Class FA, 4.22%, 09/25/2022       3,275,990     3,326,574  
GNMA, Ser. 1997-13, Class F, 3.94%, 09/16/2027       3,409,663     3,431,247  
        35,004,708
            Total Agency Mortgage-Backed Collateralized Mortgage Obligations  (cost $37,394,929)       37,516,008  

AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES  28.5%		    

FIXED-RATE  4.7%		    
FHLMC:    
    5.50%, TBA #       3,000,000     3,060,000  
    6.00%, TBA #       950,000     970,484  
    8.50%, 03/01/2030       223,340     243,372  
FNMA:    
    5.50%, TBA #       5,775,000     5,892,302  
    6.00%, 04/01/2033       1,535,182     1,569,596  
    6.00%, TBA #       10,500,000     10,729,688  
    6.50%, 11/01/2032       2,096,423     2,173,511  
    6.50%, TBA #       1,000,000     1,034,688  
    7.00%, 09/01/2031 - 08/01/2032       4,481,607     4,722,454  
    7.35%, 02/01/2012       720,479     748,798  
    7.50%, 07/01/2017 - 07/01/2032       1,269,696     1,348,777  
    8.00%, 06/01/2030       289,188     311,544  
GNMA:    
    6.50%, 06/15/2028       198,375     207,711  
    9.50%, 12/15/2009 - 04/15/2011       5,093,632     5,605,111  
        38,618,036
FLOATING-RATE  23.8%    
FHLMC:    
    3.08%, 12/01/2033       20,204,905     20,841,158  
    3.11%, 12/01/2026       225,115     225,228  
    3.42%, 10/01/2017       16,047     16,185  
    3.43%, 06/01/2033       4,733,503     4,766,291  
    3.50%, 12/01/2022       57,576     57,431  
    3.86%, 06/01/2023       799,716     814,920  
    3.88%, 03/01/2018       335,304     338,007  
    4.00%, 12/01/2018 - 06/01/2031       1,788,881     1,836,996  
    4.01%, 10/01/2022       351,947     354,836  
    4.02%, 08/01/2017       47,385     47,542  
    4.08%, 05/01/2019       20,031     20,523  

[1]
EVERGREEN MANAGED INCOME FUND
SCHEDULE OF INVESTMENTS continued
July 31, 2005 (unaudited)
  Principal
Amount		 Value

AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES  continued		            

FLOATING-RATE  continued		    

FHLMC:  (continued)		    
    4.11%, 10/01/2033     $ 682,725   $ 693,819  
    4.15%, 06/01/2018       367,132     369,736  
    4.22%, 05/01/2025       105,988     106,450  
    4.50%, 10/01/2024 - 10/01/2030       1,451,622     1,520,195  
    4.57%, 01/01/2030       302,030     308,943  
    4.62%, 08/01/2030       1,321,664     1,380,108  
    4.65%, 07/01/2030 - 10/01/2033       1,227,137     1,279,035  
    4.83%, 09/01/2032       2,484,644     2,583,733  
    4.90%, 08/01/2032       5,942,019     6,092,988  
    5.28%, 06/01/2035       275,813     282,291  
    5.33%, 06/01/2030       35,846     36,254  
    5.57%, 06/01/2028       276,587     278,496  
    6.01%, 01/01/2027       541,323     552,117  
FNMA:    
    3.57%, 03/01/2033       958,508     968,481  
    3.60%, 12/01/2009       5,640,005     5,586,200  
    3.64%, 10/01/2029       336,580     340,403  
    3.70%, 07/01/2044       4,417,680     4,488,274  
    3.75%, 12/01/2016 - 09/01/2041       2,760,539     2,801,104  
    3.77%, 12/01/2017       1,453,920     1,472,317  
    3.86%, 02/01/2035       2,740,884     2,777,255  
    3.90%, 06/01/2040 - 12/01/2040       11,430,461     11,650,664  
    4.00%, 01/01/2017       130,822     130,091  
    4.16%, 07/01/2032       3,660,780     3,809,870  
    4.30%, 04/01/2034       6,927,630     7,112,182  
    4.31%, 03/01/2035       8,743,400     9,052,917  
    4.41%, 10/01/2034       3,184,498     3,251,842  
    4.50%, 04/01/2028 - 10/01/2032       3,709,209     3,785,591  
    4.51%, 05/01/2033       4,236,957     4,225,574  
    4.61%, 02/01/2035       3,177,925     3,216,727  
    4.62%, 02/01/2035       11,070,320     11,421,360  
    4.69%, 02/01/2035       1,324,798     1,379,327  
    4.79%, 04/01/2034       4,540,404     4,697,001  
    4.80%, 06/01/2033       3,812,497     3,831,019  
    4.85%, 08/01/2034       11,207,677     11,248,137  
    4.89%, 04/01/2035       4,962,214     4,980,772  
    4.97%, 04/01/2034       2,478,312     2,540,617  
    4.98%, 03/01/2033       171,800     172,598  
    4.99%, 12/01/2031 - 10/01/2033       1,932,160     1,971,070  
    5.00%, 07/01/2020       1,780,695     1,782,547  
    5.02%, 01/01/2034 - 03/01/2034       5,312,578     5,393,183  
    5.15%, 07/01/2033 - 12/01/2034       8,075,855     8,418,785  
    5.18%, 03/01/2034       2,832,878     2,872,991  
    5.19%, 04/01/2025       475,034     485,022  
    5.23%, 12/01/2022       47,625     48,251  
    5.55%, 09/01/2024       13,523     13,526  
    5.57%, 04/01/2031       1,694,450     1,738,972  
    5.66%, 04/01/2033       2,632,314     2,799,314  
    5.70%, 02/01/2032 - 03/01/2032       405,978     421,682  
    5.72%, 06/01/2031       384,244     394,048  
    5.82%, 09/01/2032       1,233,114     1,283,866  
    6.00%, 05/01/2021 - 08/01/2021       109,549     109,910  
    6.21%, 11/01/2024       817,768     862,353  
    6.25%, 04/01/2021       7,376     7,458  
    6.35%, 01/01/2033       2,227,779     2,281,594  

[2]
EVERGREEN MANAGED INCOME FUND
SCHEDULE OF INVESTMENTS continued
July 31, 2005 (unaudited)
  Principal
Amount		 Value

AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES  continued		            

FLOATING-RATE  continued		    
GNMA:    
    3.50%, 09/20/2030     $ 921,468   $ 938,663  
    4.00%, 11/20/2030 - 10/20/2031       4,638,798     4,715,442  
    4.125%, 10/20/2029 - 11/20/2030       5,050,241     5,136,534  
    4.25%, 02/20/2029       2,037,589     2,067,847  
    4.375%, 01/20/2027 - 03/20/2028       966,404     986,212  
    4.50%, 02/20/2031       1,252,983     1,281,714  
        195,754,589
            Total Agency Mortgage-Backed Pass Through Securities  (cost $234,969,345)             234,372,625  
AGENCY REPERFORMING MORTGAGE-BACKED PASS THROUGH SECURITIES  1.8%    
FNMA:    
    Ser. 2001-T10, Class A2, 7.50%, 12/25/2041       784,037     830,095  
    Ser. 2002-T6, Class A4, 4.42%, 03/25/2041       2,920,333     2,936,128  
    Ser. 2003-W2, Class 2A8, 5.67%, 07/25/2042       700,000     710,283  
    Ser. 2003-W6, Class 3A, 6.50%, 09/25/2042       1,899,494     1,967,268  
    Ser. 2003-W6, Class F, 3.81%, 09/25/2042       8,220,717     8,267,082  
            Total Agency Reperforming Mortgage-Backed Pass Through Securities  (cost $14,788,469)             14,710,856  

CORPORATE BONDS  67.0%		    

CONSUMER DISCRETIONARY  20.8%		    

Auto Components  1.2%		    
Dura Operating Corp., Ser. B, 8.625%, 04/15/2012 þ       1,750,000     1,671,250  
HLI Operating Co., Inc., 10.50%, 06/15/2010 þ       1,420,000     1,434,200  
Tenneco Automotive, Inc., 8.625%, 11/15/2014 þ       6,125,000     6,431,250  
        9,536,700
Diversified Consumer Services  0.7%    
Carriage Services, Inc., 7.875%, 01/15/2015 144A       1,540,000     1,617,000  
Service Corporation International:    
    6.75%, 04/01/2016       1,835,000     1,892,344  
    7.00%, 06/15/2017 144A       2,575,000     2,655,469  
        6,164,813
Hotels, Restaurants & Leisure  6.3%    
Ameristar Casinos, Inc., 10.75%, 02/15/2009       6,000,000     6,525,000  
Equinox Holdings, Inc., 9.00%, 12/15/2009 þ       4,635,000     4,843,575  
Herbst Gaming, Inc., 7.00%, 11/15/2014       3,125,000     3,195,312  
Inn of The Mountain Gods Resort & Casino, 12.00%, 11/15/2010       3,000,000     3,476,250  
Isle of Capri Casinos, Inc., 7.00%, 03/01/2014       3,250,000     3,290,625  
John Q. Hammons Hotels, LP, Ser. B, 8.875%, 05/15/2012       6,000,000     6,607,500  
La Quinta Corp., 8.875%, 03/15/2011       4,000,000     4,355,000  
Las Vegas Sands Corp., 6.375%, 02/15/2015 þ       2,495,000     2,457,575  
Mandalay Resort Group, Ser. B, 10.25%, 08/01/2007       5,000,000     5,487,500  
MGM MIRAGE, Inc., 5.875%, 02/27/2014 þ       1,950,000     1,908,563  
Seneca Gaming Corp., Ser. B, 7.25%, 05/01/2012 144A       1,500,000     1,563,750  
Station Casinos, Inc.:    
    6.50%, 02/01/2014 þ       970,000     999,100  
    6.875%, 03/01/2016 þ       1,575,000     1,630,125  
    6.875%, 03/01/2016 144A       2,650,000     2,742,750  
Wynn Resorts, Ltd., 6.625%, 12/01/2014       3,155,000     3,087,956  
        52,170,581
Household Durables  1.0%    
Amscan Holdings, Inc., 8.75%, 05/01/2014       2,985,000     2,776,050  
Hovnanian Enterprises, Inc., 7.75%, 05/15/2013       1,750,000     1,863,750  
Meritage Homes Corp., 6.25%, 03/15/2015       1,725,000     1,673,250  
Technical Olympic USA, Inc., 10.375%, 07/01/2012       2,000,000     2,140,000  
        8,453,050

[3]
EVERGREEN MANAGED INCOME FUND
SCHEDULE OF INVESTMENTS continued
July 31, 2005 (unaudited)
  Principal
Amount		 Value

CORPORATE BONDS  continued		            

CONSUMER DISCRETIONARY  continued		    

Leisure Equipment & Products  0.3%		    
Riddell Bell Holdings, Inc., 8.375%, 10/01/2012     $ 2,485,000   $ 2,547,125  
Media  8.3%    
AMC Entertainment, Inc.:    
    9.875%, 02/01/2012 þ       6,000,000     6,090,000  
    Ser. B, 8.625%, 08/15/2012 þ       4,570,000     4,764,225  
Cablevision Systems Corp., Ser. B, 8.00%, 04/15/2012 þ       7,000,000     7,070,000  
CCO Holdings, LLC, 8.75%, 11/15/2013 þ       3,000,000     3,015,000  
Charter Communications, Inc., 8.625%, 04/01/2009 þ       5,700,000     4,588,500  
Cinemark USA, Inc.:    
    9.00%, 02/01/2013       5,000,000     5,287,500  
    Sr. Disc. Note, Step Bond, 0.00%, 03/15/2014 †       2,975,000     2,067,625  
CSC Holdings, Inc., 7.625%, 04/01/2011       3,000,000     3,037,500  
Dex Media East, LLC, 9.875%, 11/15/2009       5,500,000     6,063,750  
Emmis Communications Corp.:    
    6.875%, 05/15/2012 þ       3,000,000     3,015,000  
    FRN, 9.31%, 06/15/2012 144A       1,750,000     1,760,938  
Houghton Mifflin Co., 8.25%, 02/01/2011       3,125,000     3,300,781  
Marquee Holdings, Inc., Sr. Disc. Note, Step Bond, 0.00%, 08/15/2014 †       5,100,000     3,162,000  
Mediacom Communications Corp., 9.50%, 01/15/2013 þ       6,200,000     6,370,500  
PRIMEDIA, Inc., 8.875%, 05/15/2011       2,060,000     2,181,025  
Sinclair Broadcast Group, Inc., 8.00%, 03/15/2012       3,000,000     3,112,500  
Visant Corp., 7.625%, 10/01/2012       3,035,000     3,088,112  
        67,974,956
Specialty Retail  1.4%    
American Achievement Corp., 8.25%, 04/01/2012       1,845,000     1,923,413  
CSK Auto, Inc., 7.00%, 01/15/2014       3,250,000     3,144,375  
FTD, Inc., 7.75%, 02/15/2014       2,916,000     2,959,740  
United Auto Group, Inc., 9.625%, 03/15/2012       3,000,000     3,247,500  
        11,275,028
Textiles, Apparel & Luxury Goods  1.6%    
Levi Strauss & Co., 9.75%, 01/15/2015 þ       2,975,000     3,138,625  
Norcross Safety Products, LLC, Ser. B, 9.875%, 08/15/2011       6,000,000     6,375,000  
Warnaco Group, Inc., 8.875%, 06/15/2013       3,000,000     3,315,000  
        12,828,625

CONSUMER STAPLES  2.4%		    

Food & Staples Retailing  0.5%		    
Rite Aid Corp., 8.125%, 05/01/2010 þ       4,000,000     4,145,000  
Food Products  0.5%    
B&G Foods Holdings Corp., 8.00%, 10/01/2011 þ       240,000     248,400  
Del Monte Foods Co.:    
    6.75%, 02/15/2015 144A       685,000     707,262  
    8.625%, 12/15/2012       2,858,000     3,158,090  
        4,113,752
Household Products  0.4%    
Spectrum Brands, Inc., 7.375%, 02/01/2015       3,435,000     3,409,238  
Personal Products  0.5%    
Playtex Products, Inc., 8.00%, 03/01/2011       3,800,000     4,085,000  
Tobacco  0.5%    
Commonwealth Brands, Inc., 10.625%, 09/01/2008 144A       4,000,000     4,250,000  

[4]
EVERGREEN MANAGED INCOME FUND
SCHEDULE OF INVESTMENTS continued
July 31, 2005 (unaudited)
  Principal
Amount		 Value

CORPORATE BONDS  continued		            

ENERGY  8.4%		    

Energy Equipment & Services  2.6%		    
Dresser, Inc., 9.375%, 04/15/2011     $ 6,000,000   $ 6,330,000  
GulfMark Offshore, Inc., 7.75%, 07/15/2014       1,675,000     1,785,969  
Hornbeck Offshore Services, Inc., Ser. B, 6.125%, 12/01/2014       850,000     864,875  
Parker Drilling Co.:    
    9.625%, 10/01/2013 þ       1,641,000     1,870,740  
    9.625%, 10/01/2013 144A       3,500,000     3,990,000  
SESI, LLC, 8.875%, 05/15/2011       6,000,000     6,405,000  
        21,246,584
Oil, Gas & Consumable Fuels  5.8%    
Chesapeake Energy Corp.:    
    6.875%, 01/15/2016 þ       3,500,000     3,648,750  
    7.75%, 01/15/2015 þ       4,425,000     4,801,125  
El Paso Corp.:    
    7.75%, 01/15/2032 þ       1,980,000     2,014,650  
    7.875%, 06/15/2012 þ       6,050,000     6,382,750  
El Paso Production Holding Co., 7.75%, 06/01/2013       4,500,000     4,798,125  
Exco Resources, Inc., 7.25%, 01/15/2011       900,000     924,750  
Overseas Shipholding Group, Inc., 8.25%, 03/15/2013       6,000,000     6,390,000  
Peabody Energy Corp., 5.875%, 04/15/2016 þ       3,700,000     3,709,250  
Petroleum Helicopters, Inc., 9.375%, 05/01/2009       4,000,000     4,225,000  
Premcor Refining Group, Inc., 9.50%, 02/01/2013       2,650,000     3,047,500  
Williams Cos.:    
    7.50%, 01/15/2031       2,850,000     3,184,875  
    8.125%, 03/15/2012       4,150,000     4,793,250  
        47,920,025

FINANCIALS  5.7%		    

Consumer Finance  2.1%		    
General Motors Acceptance Corp.:    
    5.625%, 05/15/2009       3,500,000     3,358,618  
    6.125%, 09/15/2006       3,000,000     3,020,577  
Metris Companies, Inc., 10.125%, 07/15/2006 þ       1,681,000     1,691,506  
Northern Telecom Capital Corp., 7.875%, 06/15/2026       3,000,000     3,082,500  
Terra Capital, Inc., 11.50%, 06/01/2010       2,600,000     3,009,500  
Triad Financial Corp., 11.125%, 05/01/2013 144A       2,900,000     3,001,500  
        17,164,201
Diversified Financial Services  0.7%    
Arch Western Finance, LLC, 6.75%, 07/01/2013       1,410,000     1,455,825  
Borden US Finance Corp., 9.00%, 07/15/2014 144A       870,000     903,712  
Qwest Capital Funding, Inc., 7.00%, 08/03/2009 þ       3,500,000     3,456,250  
        5,815,787
Insurance  0.7%    
Crum & Forster Holdings Corp., 10.375%, 06/15/2013       5,000,000     5,525,000  
Real Estate  2.2%    
Crescent Real Estate Equities Co., REIT, 9.25%, 04/15/2009        3,500,000     3,745,000  
Host Marriott Corp., Ser. J, REIT, 7.125%, 11/01/2013       5,525,000     5,794,344  
Omega Healthcare Investors, Inc., REIT:    
    6.95%, 08/01/2007       1,850,000     1,877,750  
    7.00%, 04/01/2014       550,000     561,000  
Thornburg Mortgage, Inc., REIT, 8.00%, 05/15/2013       6,000,000     6,150,000  
        18,128,094

[5]
EVERGREEN MANAGED INCOME FUND
SCHEDULE OF INVESTMENTS continued
July 31, 2005 (unaudited)
  Principal
Amount		 Value

CORPORATE BONDS  continued		            

HEALTH CARE  2.7%		    

Health Care Equipment & Supplies  0.4%		    
Universal Hospital Services, Inc., 10.125%, 11/01/2011     $ 2,920,000   $ 3,022,200  
Health Care Providers & Services  2.3%    
HCA, Inc., 6.375%, 01/15/2015       3,225,000     3,316,990  
IASIS Healthcare Corp., 8.75%, 06/15/2014       2,075,000     2,269,531  
Select Medical Corp., 7.625%, 02/01/2015 144A       3,500,000     3,473,750  
Team Health, Inc., 9.00%, 04/01/2012 þ       3,400,000     3,570,000  
Tenet Healthcare Corp., 9.875%, 07/01/2014       5,800,000     6,235,000  
        18,865,271

INDUSTRIALS  5.4%		    

Commercial Services & Supplies  2.7%		    
Allied Waste North America, Inc.:    
    5.75%, 02/15/2011 þ       3,075,000     2,913,562  
    6.375%, 04/15/2011 þ       425,000     418,094  
American Color Graphics, Inc., 10.00%, 06/15/2010 þ       3,000,000     2,145,000  
Geo Group, Inc., 8.25%, 07/15/2013       6,000,000     5,880,000  
NationsRent Companies, Inc., 9.50%, 10/15/2010       6,000,000     6,630,000  
TriMas Corp., 9.875%, 06/15/2012       4,450,000     3,827,000  
        21,813,656
Machinery  2.0%    
Case New Holland, Inc., 9.25%, 08/01/2011       6,000,000     6,525,000  
Commercial Vehicle Group, Inc., 8.00%, 07/01/2013 144A       1,775,000     1,863,750  
Douglas Dynamics, LLC, 7.75%, 01/15/2012 144A       2,215,000     2,242,688  
Dresser Rand Group, Inc., 7.375%, 11/01/2014 144A       2,575,000     2,697,312  
Terex Corp., 7.375%, 01/15/2014       3,000,000     3,165,000  
        16,493,750
Trading Companies & Distributors  0.7%    
United Rentals, Inc., 7.75%, 11/15/2013 þ       6,175,000     6,051,500  

INFORMATION TECHNOLOGY  3.1%		    

Communications Equipment  0.8%		    
Lucent Technologies, Inc., 6.45%, 03/15/2029       7,125,000     6,448,125  
Electronic Equipment & Instruments  0.4%    
Da-Lite Screen Co., Inc., 9.50%, 05/15/2011       3,650,000     3,905,500  
IT Services  1.1%    
Stratus Technologies, Inc., 10.375%, 12/01/2008 þ       2,500,000     2,537,500  
SunGard Data Systems, Inc.:    
    9.125%, 08/15/2013 144A #       4,450,000     4,644,687  
    10.25%, 08/15/2015 144A #       1,750,000     1,822,188  
        9,004,375
Software  0.8%    
UGS Corp., 10.00%, 06/01/2012        5,740,000     6,400,100  

MATERIALS  11.1%		    

Chemicals  3.2%		    
Equistar Chemicals, LP, 10.625%, 05/01/2011       5,700,000     6,384,000  
Huntsman Advanced Materials, LLC, 11.00%, 07/15/2010       2,650,000     3,027,625  
Huntsman International, LLC:    
    9.875%, 03/01/2009       3,000,000     3,221,250  
    11.50%, 07/15/2012       3,300,000     3,861,000  
Lyondell Chemical Co.:    
    9.50%, 12/15/2008       3,000,000     3,198,750  
    10.50%, 06/01/2013       2,625,000     3,045,000  
PQ Corp., 7.50%, 02/15/2013 144A       3,295,000     3,311,475  
        26,049,100

[6]
EVERGREEN MANAGED INCOME FUND
SCHEDULE OF INVESTMENTS continued
July 31, 2005 (unaudited)
  Principal
Amount		 Value

CORPORATE BONDS  continued		            

MATERIALS  continued		    

Containers & Packaging  2.6%		    
Graham Packaging Co., 9.875%, 10/15/2014 144A þ     $ 3,075,000   $ 3,182,625  
Graphic Packaging International, Inc., 9.50%, 08/15/2013 þ       6,000,000     6,180,000  
Owens-Brockway Glass Containers, Inc.:    
    8.25%, 05/15/2013       4,300,000     4,670,875  
    8.75%, 11/15/2012 þ       4,050,000     4,439,812  
Stone Container Corp., 9.75%, 02/01/2011       3,000,000     3,168,750  
        21,642,062
Metals & Mining  3.1%    
Alaska Steel Corp., 7.75%, 06/15/2012 þ       4,750,000     4,441,250  
Foundation Pennsylvania Coal Co., 7.25%, 08/01/2014       3,595,000     3,819,687  
Freeport-McMoRan Copper & Gold, Inc.:    
    6.875%, 02/01/2014 þ       4,705,000     4,634,425  
    10.125%, 02/01/2010       1,450,000     1,616,750  
Oregon Steel Mills, Inc., 10.00%, 07/15/2009 þ       4,350,000     4,741,500  
United States Steel Corp., 10.75%, 08/01/2008       5,433,000     6,132,499  
        25,386,111
Paper & Forest Products  2.2%    
Boise Cascade, LLC, Ser. B, 7.125%, 10/15/2014       1,500,000     1,481,250  
Bowater, Inc., 6.50%, 06/15/2013 þ       3,125,000     3,101,563  
Buckeye Technologies, Inc., 8.50%, 10/01/2013 þ       5,000,000     5,187,500  
Georgia Pacific Corp.:    
    8.00%, 01/15/2024       1,670,000     1,912,150  
    8.125%, 05/15/2011       6,000,000     6,765,000  
        18,447,463

TELECOMMUNICATION SERVICES  4.7%		    

Diversified Telecommunication Services  2.1%		    
Consolidated Communications, Inc., 9.75%, 04/01/2012 144A       6,000,000     6,510,000  
Hawaiian Telcom, Inc.:    
    8.71%, 05/01/2013 144A       2,250,000     2,345,625  
    9.75%, 05/01/2013 144A þ       1,750,000     1,898,750  
Insight Midwest, LP, 9.75%, 10/01/2009       3,750,000     3,904,687  
Qwest Communications International, Inc., 7.875%, 09/01/2011       3,000,000     3,142,500  
        17,801,562
Wireless Telecommunication Services  2.6%    
Alamosa Holdings, Inc., 8.50%, 01/31/2012       1,500,000     1,631,250  
Centennial Communications Corp., 10.125%, 06/15/2013       4,000,000     4,525,000  
Dobson Communications Corp., 8.875%, 10/01/2013 þ       1,750,000     1,754,375  
Horizon PCS, Inc., 11.375%, 07/15/2012       2,200,000     2,508,000  
Nextel Communications, Inc., 7.375%, 08/01/2015       6,000,000     6,495,000  
Rural Cellular Corp.:    
    8.25%, 03/15/2012       580,000     618,425  
    9.75%, 01/15/2010       375,000     375,469  
UbiquiTel, Inc., 9.875%, 03/01/2011       1,500,000     1,681,875  
US Unwired, Inc., Ser. B, 10.00%, 06/15/2012       1,500,000     1,740,000  
        21,329,394

UTILITIES  2.7%		    

Electric Utilities  0.8%		    
Reliant Energy, Inc.:    
    6.75%, 12/15/2014       3,250,000     3,217,500  
    9.25%, 07/15/2010       3,000,000     3,300,000  
        6,517,500

[7]
EVERGREEN MANAGED INCOME FUND
SCHEDULE OF INVESTMENTS continued
July 31, 2005 (unaudited)
  Principal
Amount		 Value

CORPORATE BONDS  continued		            

UTILITIES  continued		    

Gas Utilities  0.5%		    
SEMCO Energy, Inc., 7.75%, 05/15/2013     $ 4,000,000   $ 4,188,776  
Independent Power Producers & Energy Traders  1.4%    
AES Corp., 7.75%, 03/01/2014 þ       4,800,000     5,256,000  
NRG Energy, Inc., 8.00%, 12/15/2013       4,332,000     4,656,900  
Tenaska, Inc., 7.00%, 06/30/2021 144A       1,300,000     1,355,250  
        11,268,150
            Total Corporate Bonds  (cost $543,502,984)             551,388,154  

FOREIGN BONDS - CORPORATE (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED)  20.1%		    

CONSUMER DISCRETIONARY  1.3%		    

Auto Components  0.1%		    
TRW Automotive, Inc., 10.125%, 02/15/2013 EUR       704,000     997,622  
Automobiles  0.1%    
Renault SA, 6.125%, 06/26/2009 EUR       500,000     677,631  
Hotels, Restaurants & Leisure  0.7%    
McDonald's Corp., 5.625%, 10/07/2009 EUR       1,000,000     1,346,465  
Sodexho Alliance SA, 5.875%, 03/25/2009 EUR       3,300,000     4,400,697  
        5,747,162
Internet & Catalog Retail  0.1%    
Great University Stores, 5.625%, 12/12/2013 GBP       500,000     900,601  
Multi-line Retail  0.2%    
Woolworths Group plc, 8.75%, 11/15/2006 GBP       750,000     1,355,452  
Specialty Retail  0.1%    
LVMH Moet Hennessy-Louis Vuitton SA, 6.125%, 06/25/2008 EUR       1,000,000     1,328,267  

CONSUMER STAPLES  1.0%		    

Beverages  0.2%		    
Canandaigua Brands, Inc., 8.50%, 11/15/2009 GBP       750,000     1,444,497  
Food Products  0.3%    
Cadbury Schweppes plc, 4.25%, 06/30/2009 EUR       2,000,000     2,538,848  
Tobacco  0.5%    
British American Tobacco plc, 4.875%, 02/25/2009 EUR       1,000,000     1,289,443  
Imperial Tobacco plc, 6.50%, 11/13/2008 GBP       1,500,000     2,772,379  
        4,061,822

ENERGY  0.5%		    

Oil, Gas & Consumable Fuels  0.5%		    
Pemex Project Funding Master Trust, 6.625%, 04/04/2010 EUR       2,500,000     3,445,632  
Transco plc, 7.00%, 12/15/2008 AUD       1,000,000     785,829  
        4,231,461

FINANCIALS  14.0%		    

Capital Markets  0.6%		    
Deutsche Bank AG, FRN, 2.71%, 08/09/2007 CAD       6,200,000     5,067,222  
Commercial Banks  7.9%    
Banco Santander-Chile, 4.00%, 09/10/2010 EUR       7,700,000     9,855,842  
BOS International Australia, 3.50%, 01/22/2007 CAD       5,000,000     4,101,385  
BSCH Issuances, Ltd., 5.125%, 07/06/2009 EUR       2,000,000     2,633,482  
DnB NOR ASA, MTN, 2.80%, 12/08/2008 CAD       4,000,000     3,278,375  
Eurofima, MTN, 6.50%, 08/22/2011 AUD       5,000,000     3,977,547  

[8]
EVERGREEN MANAGED INCOME FUND
SCHEDULE OF INVESTMENTS continued
July 31, 2005 (unaudited)
  Principal
Amount		 Value

FOREIGN BONDS - CORPORATE (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED)  continued		            

FINANCIALS  continued		    

Commercial Banks  continued		    
European Investment Bank:    
    4.00%, 04/15/2009 SEK       5,000,000   $ 679,214  
    4.25%, 12/07/2010 GBP       1,950,000     3,400,702  
    FRN, 2.83%, 08/16/2013 GBP       800,000     1,601,071  
    MTN:    
        5.75%, 09/15/2009 AUD       5,470,000     4,196,154  
        8.00%, 10/21/2013 ZAR       58,430,000     9,103,527  
Kreditanstalt Fuer Wiederaufbau:    
    3.50%, 04/17/2009 EUR       1,300,000     1,631,640  
    MTN, 4.75%, 12/07/2010 GBP       3,790,000     6,752,894  
Landwirtschaftliche Rentenbank, 6.00%, 09/15/2009 AUD       7,100,000     5,474,837  
Rabobank Australia, Ltd., MTN, 6.25%, 11/22/2011 NZD       725,000     490,793  
Rabobank Nederland:    
    4.25%, 01/05/2009 CAD       3,030,000     2,533,234  
    FRN, 2.71%, 06/18/2007 CAD       5,000,000     4,086,879  
Royal Bank of Canada, FRN, 4.74%, 04/08/2010 GBP       630,000     1,108,947  
        64,906,523
Consumer Finance  0.5%    
ABB International Finance, Ltd., 6.50%, 11/30/2011 EUR       2,360,000     3,213,163  
HSBC Finance Corp., 7.00%, 03/27/2012 GBP       370,000     726,416  
        3,939,579
Diversified Financial Services  2.3%    
Cedulas TDA, 3.25%, 06/19/2010 EUR       6,000,000     7,440,687  
General Electric Capital Corp., MTN:    
    5.25%, 12/10/2013 GBP       1,880,000     3,403,951  
    6.625%, 02/04/2010 NZD       12,000,000     8,232,881  
        19,077,519
Insurance  0.3%    
Aegon NV, 4.625%, 04/16/2008 EUR       1,000,000     1,277,553  
Travelers Insurance Co., 6.00%, 04/07/2009 AUD       1,000,000     762,996  
        2,040,549
Thrifts & Mortgage Finance  2.4%    
Canada Mortgage & Housing Corp., Canada Housing Trust, Ser. 5, 3.70%, 09/15/2008 CAD       7,488,000     6,195,355  
Totalkredit, FRN, 2.51%, 01/01/2015 DKK       83,385,765     13,710,108  
        19,905,463

INDUSTRIALS  1.1%		    

Commercial Services & Supplies  0.6%		    
Agbar International, 6.00%, 11/12/2009 EUR       3,290,000     4,495,334  
Electrical Equipment  0.3%    
Fimep SA, 11.00%, 02/15/2013 EUR       1,550,000     2,263,698  
Machinery  0.2%    
Harsco Corp., 7.25%, 10/27/2010 GBP       1,000,000     1,949,829  

INFORMATION TECHNOLOGY  0.3%		    

Office Electronics  0.3%		    
Xerox Corp., 9.75%, 01/15/2009 EUR       1,800,000     2,567,008  

TELECOMMUNICATION SERVICES  1.3%		    

Diversified Telecommunication Services  1.3%		    
Deutsche Telekom AG, MTN, 6.25%, 12/09/2010 GBP       1,700,000     3,184,788  
France Telecom, FRN, 2.37%, 01/23/2007 EUR       2,018,000     2,453,981  
Telecom Italia SpA, FRN, 2.46%, 10/29/2007 EUR       4,000,000     4,857,065  
        10,495,834

[9]
EVERGREEN MANAGED INCOME FUND
SCHEDULE OF INVESTMENTS continued
July 31, 2005 (unaudited)
  Principal
Amount		 Value

FOREIGN BONDS - CORPORATE (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED)  continued		            

UTILITIES  0.6%		    

Electric Utilities  0.6%		    
Electricidade De Portugal, 6.40%, 10/29/2009 EUR       2,000,000   $ 2,769,487  
International Endesa BV, 4.375%, 06/18/2009 EUR       2,000,000     2,573,183  
        5,342,670
            Total Foreign Bonds-Corporate (Principal Amount Denominated in Currency Indicated)  (cost $161,505,468)             165,334,591
FOREIGN BONDS - GOVERNMENT (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED)  15.7%    
Australia, 4.96%, 08/20/2020 AUD       13,500,000     14,800,134  
France, 1.63%, 07/25/2015 EUR       3,950,000     4,969,657  
Hong Kong, 4.76%, 06/18/2007 HKD       69,750,000     9,206,462  
Hungary, 9.25%, 10/12/2007 HUF       1,600,000,000     8,391,951  
Mexico, 8.00%, 12/19/2013 MXN       116,800,000     10,176,112  
New Zealand, 6.50%, 04/15/2013 NZD       6,606,000     4,744,188  
Norway, 6.00%, 05/16/2011 NOK       94,365,000     16,655,472  
Ontario Province:    
    4.50%, 04/17/2008 CAD       5,250,000     4,415,870  
    6.25%, 06/16/2015 NZD       3,225,000     2,184,908  
    6.50%, 12/01/2005 CAD       178,000     147,166  
Poland, 8.50%, 05/12/2006 PLN       28,578,000     8,777,699  
Quebec Province, 5.625%, 06/21/2011 EUR       800,000     1,110,464  
Sweden:    
    3.83%, 12/01/2015 SEK       77,875,000     13,165,812  
    5.25%, 03/15/2011 SEK       70,000,000     10,211,461  
    5.50%, 10/08/2012 SEK       32,910,000     4,969,897  
United Kingdom, 6.41%, 08/23/2011 GBP       3,250,000     15,159,963  
            Total Foreign Bonds-Government (Principal Amount Denominated in Currency Indicated)  (cost $129,651,440)             129,087,216

YANKEE OBLIGATIONS - CORPORATE  7.6%		    

CONSUMER DISCRETIONARY  1.2%		    

Hotels, Restaurants & Leisure  0.4%		    
Intrawest Corp., 7.50%, 10/15/2013     $ 3,025,000     3,130,875  
Media  0.8%    
IMAX Corp., 9.625%, 12/01/2010 þ       6,000,000     6,427,500  

CONSUMER STAPLES  1.0%		    

Food & Staples Retailing  1.0%		    
The Jean Coutu Group (PJC), Inc., 8.50%, 08/01/2014 þ       8,000,000     7,970,000  

FINANCIALS  0.6%		    

Commercial Banks  0.0%		    
UBS Luxembourg SA, 4.92%, 10/24/2006       260,000     264,576  
Consumer Finance  0.2%    
Calpine Canada Energy Finance, 8.50%, 05/01/2008       2,250,000     1,636,875  
Diversified Financial Services  0.4%    
Ship Finance International, Ltd., 8.50%, 12/15/2013       3,455,000     3,325,438  

INDUSTRIALS  0.2%		    

Transportation Infrastructure  0.2%		    
Sea Containers, Ltd., 10.50%, 05/15/2012       1,520,000     1,563,700  

INFORMATION TECHNOLOGY  0.7%		    

Electronic Equipment & Instruments  0.7%		    
Celestica, Inc.:    
    7.625%, 07/01/2013       2,250,000     2,283,750  
    7.875%, 07/01/2011       3,175,000     3,286,125  
        5,569,875

[10]
EVERGREEN MANAGED INCOME FUND
SCHEDULE OF INVESTMENTS continued
July 31, 2005 (unaudited)
  Principal
Amount		 Value

YANKEE OBLIGATIONS - CORPORATE  continued		            

MATERIALS  3.2%		    

Chemicals  0.8%		    
Acetex Corp., 10.875%, 08/01/2009     $ 6,000,000   $ 6,360,000  
Containers & Packaging  1.4%    
Crown European Holdings SA, 10.875%, 03/01/2013       10,000,000     11,775,000  
Metals & Mining  0.8%    
Gerdau Ameristeel Corp., 10.375%, 07/15/2011       497,000     551,670  
Novelis, Inc., 7.25%, 02/15/2015 144A       6,300,000     6,473,250  
        7,024,920
Paper & Forest Products  0.2%    
Abitibi-Consolidated, Inc., 6.00%, 06/20/2013 þ       1,775,000     1,664,062  

TELECOMMUNICATION SERVICES  0.7%		    

Diversified Telecommunication Services  0.3%		    
Northern Telecom, Ltd., 6.875%, 09/01/2023 þ       3,000,000     2,872,500  
Wireless Telecommunication Services  0.4%    
Rogers Wireless, Inc.:    
    6.375%, 03/01/2014       1,390,000     1,417,800  
    7.50%, 03/15/2015       1,750,000     1,920,625  
        3,338,425
            Total Yankee Obligations-Corporate  (cost $62,122,083)       62,923,746  

CONVERTIBLE DEBENTURES  0.5%		    

UTILITIES  0.5%		    

Independent Power Producers & Energy Traders  0.5%		    
Calpine Corp., 7.75%, 06/01/2015  (cost $4,000,000)       4,000,000     4,030,000  
  Shares Value

SHORT-TERM INVESTMENTS  17.9%		            

MUTUAL FUND SHARES  17.9%		    
Evergreen Institutional Money Market Fund ø ##       18,607,450     18,607,450  
Navigator Prime Portfolio þþ       128,843,695     128,843,695  
            Total Short-Term Investments  (cost $147,451,145)             147,451,145  
Total Investments  (cost $1,335,385,863)  163.6%             1,346,814,341  
Other Assets and Liabilities and Preferred Shares  (63.6%)             (523,727,762 )
Net Assets Applicable to Common Shareholders  100.0%           $ 823,086,579  


##

All or a portion of this security has been segregated for when-issued or delayed delivery securities.
# When-issued or delayed delivery security
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 valued at fair value as determined by the investment advisor in good faith, according to procedures approved by the Board of Trustees.
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.

[11]
EVERGREEN MANAGED INCOME FUND
SCHEDULE OF INVESTMENTS continued
July 31, 2005 (unaudited)


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
MTN Medium-Term Note
MXN Mexican Peso
NOK Norwegian Krone
NZD New Zealand Dollar
PLN Polish Zloty
REIT Real Estate Investment Trust
SEK Swedish Krona
ZAR South African Rand

The following table shows the percent of total long-term investments by geographic location as of July 31, 2005:

United States 71.9%
Canada 5.7%
Sweden 2.4%
France 2.3%
Germany 1.8%
United Kingdom 1.8%
Luxembourg 1.8%
Australia 1.7%
Norway 1.7%
Netherlands 1.5%
Spain 1.4%
Denmark 1.1%
Mexico 0.8%
Hong Kong 0.8%
Poland 0.7%
Hungary 0.7%
Bermuda 0.4%
Italy 0.4%
New Zealand 0.4%
Switzerland 0.3%
Portugal 0.2%
Cayman Islands 0.2%
  100.0%

At July 31, 2005, 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
Gains		  
11/27/06     $168,000,000     JPMorgan Chase & Co.     Fixed–2.790%     Floating–3.46%1     $3,077,049  
11/26/08       112,000,000     JPMorgan Chase & Co.     Fixed–3.582%     Floating–3.46%1       2,749,036  

1
This rate represents the 1 month USD London InterBank Offered Rate (LIBOR) effective for the period of July 26, 2005 through August 26, 2005.

Forward Foreign Currency Exchange Contracts to Sell:

Exchange
Date		     Contracts
to Deliver		   U.S. Value at
July 31, 2005		     In Exchange for     U.S. Value at
July 31, 2005		     Unrealized
Loss		  
09/13/2005     29,856,387 EUR     $36,290,166     3,950,000,000 JPY     $35,333,497     $   956,669  
10/07/2005     65,959,215 EUR       80,258,541     8,733,000,000 JPY       78,311,539      1,947,002  

On July 31, 2005, the aggregate cost of securities for federal income tax purposes was $1,335,428,094. The gross unrealized appreciation and depreciation on securities based on tax cost was $23,725,657 and $12,339,410, respectively, with a net unrealized appreciation of $11,386,247.


[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: September 21, 2005

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: September 21, 2005


By:   /s/ Carol A. Kosel
        ——————————————
        Carol A. Kosel
        Principal Financial Officer

Date: September 21, 2005