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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, 2006. This one series has an October 31 fiscal year end.

Date of reporting period:           July 31, 2006

Item 1 – Schedule of Investments

EVERGREEN MANAGED INCOME FUND       
SCHEDULE OF INVESTMENTS       
July 31, 2006 (unaudited)       
      Principal
Amount		   Value 
AGENCY MORTGAGE-BACKED COLLATERALIZED MORTGAGE OBLIGATIONS   5.8%       
FIXED-RATE   0.3%         
FNMA, Ser. 2001-25, Class Z, 6.00%, 06/25/2031  $ 1,925,595    $ 1,933,855 
FLOATING-RATE   5.5%       
FHLMC:           
   Ser. 196, Class A, 6.18%, 12/15/2021  279,724    278,828 
   Ser. 1500, Class FD, 4.96%, 05/15/2023  6,563,146    6,588,217 
   Ser. 2247, Class FC, 5.97%, 08/15/2030  1,362,007    1,379,372 
   Ser. 2390, Class FD, 5.82%, 12/15/2031  229,395    231,964 
   Ser. 2411, Class F, 5.92%, 02/15/2032  270,505    273,482 
   Ser. 2567, Class FH, 5.77%, 02/15/2033  642,312    644,182 
   Ser. T-62, Class 1A1, 5.21%, 10/25/2044  4,585,213    4,664,537 
FNMA:           
   Ser. 2000-45, Class F, 5.77%, 12/25/2030  1,207,411    1,216,539 
   Ser. 2001-24, Class FC, 5.92%, 04/25/2031  428,206    430,805 
   Ser. 2001-35, Class F, 5.92%, 07/25/2031  93,175    94,908 
   Ser. 2001-37, Class F, 5.82%, 08/25/2031  455,758    457,818 
   Ser. 2001-57, Class F, 5.82%, 06/25/2031  93,806    95,250 
   Ser. 2001-62, Class FC, 5.97%, 11/25/2031  1,233,070    1,257,849 
   Ser. 2002-77:           
       Class FH, 5.65%, 12/18/2032  535,050    540,561 
       Class FV, 5.75%, 12/18/2032  1,810,766    1,836,485 
   Ser. 2002-95, Class FK, 5.82%, 01/25/2033  5,587,198    5,735,538 
   Ser. 2002-97, Class FR, 5.87%, 01/25/2033  197,048    198,301 
   Ser. 2003-W8, Class 3F2, 5.67%, 05/25/2042  1,037,810    1,062,137 
   Ser. 2005-W4, Class 3A, 5.29%, 06/25/2035  10,284,853    10,636,801 
   Ser. G92-53, Class FA, 6.09%, 09/25/2022  2,510,088    2,558,027 
GNMA, Ser. 1997-13, Class F, 5.875%, 09/16/2027  2,436,783    2,455,116 
          42,636,717 
                 Total Agency Mortgage-Backed Collateralized Mortgage Obligations   (cost $44,244,725)      44,570,572 
AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES   32.1%       
FIXED-RATE   5.4%         
FHLMC:           
   6.00%, 04/01/2036    6,680,978    6,646,138 
   6.50%, 06/01/2017    4,407,873    4,499,381 
FNMA:           
   6.00%, 04/01/2033    662,524    658,343 
   6.50%, 11/01/2032    570,355    578,414 
   7.00%, 09/01/2031 - 08/01/2032  2,905,959    2,993,941 
   7.35%, 02/01/2012    699,158    703,023 
   7.50%, 07/01/2017 - 07/01/2032  751,253    783,369 
   8.00%, 06/01/2030    224,464    237,089 
FNMA 30 year, 6.50%, TBA #  11,235,000    11,368,416 
GNMA:           
   5.50%, 06/15/2035    9,208,296    9,021,603 
   6.50%, 06/15/2028    158,422    161,449 
   9.50%, 12/15/2009 - 04/15/2011  3,870,569    4,270,064 
          41,921,230 
FLOATING-RATE   26.7%       
FHLMC:           
   3.37%, 12/01/2033    13,100,893    13,349,810 
   4.05%, 12/01/2026    166,687    170,209 
   4.29%, 10/01/2017    7,775    7,955 
   4.65%, 10/01/2030    34,372    34,537 
   4.87%, 10/01/2033    351,006    360,971 
   4.95%, 10/01/2022    231,366    236,838 
   5.03%, 05/01/2025    97,985    101,657 


1

EVERGREEN MANAGED INCOME FUND       
SCHEDULE OF INVESTMENTS continued       
July 31, 2006 (unaudited)       
  Principal
Amount		   Value 
AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES   continued       
FLOATING-RATE   continued       
FHLMC:       
   5.04%, 07/01/2035  $ 1,072,241    $ 1,047,333 
   5.07%, 10/01/2035  5,973,236    5,917,506 
   5.12%, 07/01/2019  17,467    17,432 
   5.13%, 06/01/2018  120,734    121,469 
   5.14%, 06/01/2031  930,185    967,551 
   5.16%, 08/01/2017 - 03/01/2018  358,243    367,368 
   5.32%, 06/01/2030  601,176    608,733 
   5.33%, 05/01/2019  18,908    19,577 
   5.36%, 06/01/2035  248,078    252,561 
   5.375%, 02/01/2016  45,819    46,081 
   5.39%, 06/01/2033  2,339,639    2,412,168 
   5.50%, 12/01/2018 - 08/01/2032  3,781,726    3,938,100 
   5.55%, 07/01/2030  253,008    261,104 
   5.57%, 01/01/2030  292,199    301,394 
   5.61%, 03/01/2032  6,374,415    6,401,938 
   5.625%, 02/01/2016  65,146    65,365 
   5.65%, 06/01/2028  183,863    186,751 
   5.81%, 06/01/2031  1,317,670    1,360,956 
   5.87%, 11/01/2023  254,655    259,840 
   6.00%, 01/01/2018  135,197    136,621 
   6.06%, 03/01/2024  392,396    407,982 
   6.14%, 01/01/2027  403,640    419,891 
   6.25%, 10/01/2024  54,248    55,058 
   6.28%, 12/01/2022  94,017    96,083 
   6.34%, 10/01/2024 - 10/01/2033  1,345,074    1,398,548 
   6.39%, 10/01/2030  988,126    1,031,683 
   6.48%, 09/01/2032  1,584,239    1,653,344 
   6.58%, 08/01/2030  1,024,736    1,080,256 
   6.66%, 09/01/2032  7,222,463    7,496,122 
   6.74%, 06/01/2023  544,249    561,763 
   6.95%, 07/01/2032  3,593,488    3,611,161 
   7.28%, 03/01/2031  112,092    112,297 
   8.50%, 03/01/2030  198,337    212,494 
FNMA:       
   4.07%, 10/01/2029  252,417    252,151 
   4.51%, 05/01/2033  3,445,611    3,363,054 
   4.57%, 08/01/2020  2,408,329    2,382,800 
   4.62%, 06/01/2033  2,173,204    2,182,766 
   4.70%, 12/01/2009  5,017,980    5,058,877 
   4.75%, 12/01/2016 - 01/01/2035  699,408    678,639 
   4.80%, 08/01/2034  8,893,047    8,931,643 
   4.86%, 04/01/2035  4,164,696    4,149,994 
   4.87%, 03/01/2033  791,269    793,801 
   4.88%, 07/01/2020  1,148,475    1,139,931 
   4.98%, 03/01/2033  171,800    170,050 
   4.99%, 12/01/2031 - 10/01/2033  1,266,462    1,287,401 
   5.00%, 01/01/2017 - 03/01/2034  2,794,240    2,854,493 
   5.06%, 05/01/2029  8,204,093    8,308,613 
   5.11%, 02/01/2035  2,036,427    2,077,217 
   5.13%, 12/01/2017 - 11/01/2035  5,010,902    5,084,878 
   5.16%, 03/01/2034  2,040,292    2,074,937 
   5.23%, 02/01/2035  2,484,649    2,525,571 
   5.25%, 03/01/2035  7,215,399    7,465,918 
   5.34%, 04/01/2034  1,932,081    1,974,683 
   5.46%, 03/01/2032  796,473    793,510 


2

EVERGREEN MANAGED INCOME FUND       
SCHEDULE OF INVESTMENTS continued       
July 31, 2006 (unaudited)       
  Principal
Amount		   Value 
AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES   continued       
FLOATING-RATE   continued       
FNMA:       
   5.48%, 07/01/2044  $ 2,820,139    $ 2,881,223 
   5.50%, 04/01/2025  345,321    347,856 
   5.52%, 04/01/2034  4,685,350    4,813,681 
   5.53%, 09/01/2041  2,111,990    2,131,319 
   5.58%, 12/01/2031  488,623    505,896 
   5.60%, 01/01/2034  1,144,893    1,156,960 
   5.67%, 08/01/2027  612,281    620,766 
   5.68%, 06/01/2040 - 12/01/2040  7,465,339    7,622,385 
   5.84%, 10/01/2032  7,821,641    8,096,728 
   5.85%, 04/01/2031  1,347,470    1,355,393 
   5.94%, 06/01/2031 - 10/01/2032  665,909    681,065 
   5.95%, 12/01/2034  2,720,161    2,809,519 
   6.11%, 07/01/2032  2,078,855    2,150,471 
   6.14%, 12/01/2035  8,802,757    9,129,075 
   6.27%, 10/01/2035  7,121,647    7,368,056 
   6.32%, 04/01/2024  218,710    228,034 
   6.33%, 01/01/2033 - 05/01/2034  5,692,239    5,810,874 
   6.375%, 12/01/2023  101,344    105,694 
   6.40%, 02/01/2035  5,050,713    5,226,933 
   6.41%, 02/01/2035  953,908    996,443 
   6.43%, 10/01/2034  1,444,931    1,486,112 
   6.44%, 11/01/2024  721,309    735,201 
   6.48%, 04/01/2028  775,095    782,272 
   6.52%, 04/01/2034  2,746,505    2,845,379 
   6.55%, 09/01/2024  13,136    13,296 
   6.59%, 06/01/2024  380,162    394,923 
   6.625%, 05/01/2021  9,038    8,995 
   6.66%, 02/01/2038  698,500    731,057 
   6.70%, 02/01/2038  356,016    372,300 
   6.75%, 08/01/2021  12,218    12,100 
   6.83%, 12/01/2022 - 09/01/2032  776,596    803,566 
   6.95%, 09/01/2024  360,258    374,142 
   7.14%, 06/01/2037  687,826    715,937 
   7.28%, 07/01/2033  1,214,478    1,289,375 
   7.62%, 04/01/2033  774,391    782,799 
GNMA:       
   4.50%, 09/20/2030  722,248    735,740 
   5.00%, 11/20/2030 - 10/20/2031  2,468,011    2,505,812 
   5.125%, 10/20/2029 - 11/20/2030  3,908,461    3,972,201 
   5.25%, 02/20/2029  1,389,000    1,414,349 
   5.375%, 01/20/2027 - 03/20/2028  695,287    711,461 
   5.50%, 02/20/2031  900,167    926,344 
      206,291,166 
                 Total Agency Mortgage-Backed Pass Through Securities   (cost $248,352,851)      248,212,396 
AGENCY REPERFORMING MORTGAGE-BACKED PASS THROUGH SECURITIES   1.4%       
FNMA:       
   Ser. 2001-T10, Class A2, 7.50%, 12/25/2041  562,889    586,542 
   Ser. 2002-T6, Class A4, 5.33%, 03/25/2041  2,105,202    2,126,737 
   Ser. 2003-W2, Class 2A8, 5.67%, 07/25/2042  670,803    697,313 
   Ser. 2003-W6:       
      Class 3A, 6.50%, 09/25/2042  1,352,467    1,373,822 
      Class F, 5.67%, 09/25/2042  5,939,134    6,037,545 
                 Total Agency Reperforming Mortgage-Backed Pass Through Securities   (cost $10,826,072)      10,821,959 


3

EVERGREEN MANAGED INCOME FUND       
SCHEDULE OF INVESTMENTS continued       
July 31, 2006 (unaudited)       
  Principal
Amount		   Value 
CORPORATE BONDS   69.1%       
CONSUMER DISCRETIONARY   21.4%       
Auto Components   2.5%       
Accuride Corp., 8.50%, 02/01/2015  $ 3,000,000    $ 2,805,000 
Goodyear Tire & Rubber Co., 9.00%, 07/01/2015 þ  3,000,000    2,902,500 
Tenneco Automotive, Inc., 8.625%, 11/15/2014 þ  6,125,000    6,109,687 
TRW Automotive, Inc., 11.00%, 02/15/2013  3,000,000    3,292,500 
Visteon Corp., 8.25%, 08/01/2010 þ  4,500,000    4,162,500 
      19,272,187 
Automobiles   0.5%       
General Motors Corp., 8.375%, 07/15/2033 þ  4,250,000    3,506,250 
Diversified Consumer Services   0.6%       
Carriage Services, Inc., 7.875%, 01/15/2015  1,540,000    1,509,200 
Education Management Corp.:       
   8.75%, 06/01/2014 144A  1,525,000    1,536,438 
   10.25%, 06/01/2016 144A  1,775,000    1,801,625 
      4,847,263 
Hotels, Restaurants & Leisure   2.9%       
Inn of the Mountain Gods Resort & Casino, 12.00%, 11/15/2010 þ  3,000,000    3,153,750 
Mandalay Resort Group, Ser. B, 10.25%, 08/01/2007  7,000,000    7,262,500 
MGM MIRAGE, Inc., 9.75%, 06/01/2007  5,500,000    5,671,875 
Seneca Gaming Corp., Ser. B, 7.25%, 05/01/2012  750,000    735,000 
Universal City Development Partners, Ltd., 11.75%, 04/01/2010  5,250,000    5,709,375 
      22,532,500 
Household Durables   1.6%       
Hovnanian Enterprises, Inc., 7.75%, 05/15/2013  1,750,000    1,579,375 
Jarden Corp., 9.75%, 05/01/2012  3,000,000    3,135,000 
Libbey, Inc., 12.42%, 06/01/2011 144A  3,000,000    2,955,000 
Standard Pacific Corp., 9.25%, 04/15/2012 þ  3,000,000    2,865,000 
Technical Olympic USA, Inc., 10.375%, 07/01/2012  2,000,000    1,750,000 
      12,284,375 
Media   8.1%       
AMC Entertainment, Inc., Ser. B, 8.625%, 08/15/2012  4,570,000    4,689,963 
American Media Operations, Inc., Ser. B, 10.25%, 05/01/2009  3,000,000    2,816,250 
Cablevision Systems Corp., Ser. B, 8.00%, 04/15/2012 þ  4,425,000    4,402,875 
Cinemark USA, Inc., 9.00%, 02/01/2013  5,000,000    5,262,500 
CSC Holdings, Inc., 7.625%, 04/01/2011  1,800,000    1,820,250 
Dex Media East, LLC:       
   9.875%, 11/15/2009  5,500,000    5,836,875 
   12.125%, 11/15/2012  3,000,000    3,367,500 
Houghton Mifflin Co.:       
   8.25%, 02/01/2011  3,125,000    3,171,875 
   Sr. Disc. Note, Step Bond, 0.00%, 10/15/2013 †  3,000,000    2,497,500 
Mediacom Communications Corp., 9.50%, 01/15/2013 þ  9,000,000    9,157,500 
Paxson Communications Corp., FRN, 11.76%, 01/15/2013 144A  4,000,000    4,070,000 
R.H. Donnelley Corp., 10.875%, 12/15/2012  5,000,000    5,518,750 
Sinclair Broadcast Group, Inc., 8.00%, 03/15/2012 þ  3,000,000    3,045,000 
Sirius Satellite Radio, Inc., 9.625%, 08/01/2013 þ  4,725,000    4,441,500 
Visant Corp., 7.625%, 10/01/2012  3,035,000    2,955,331 
      63,053,669 
Multi-line Retail   0.8%       
Neiman Marcus Group, Inc.:       
   9.00%, 10/15/2015 þ  3,000,000    3,176,250 
   10.375%, 10/15/2015  3,000,000    3,198,750 
      6,375,000 


4

EVERGREEN MANAGED INCOME FUND       
SCHEDULE OF INVESTMENTS continued       
July 31, 2006 (unaudited)       
  Principal
Amount		   Value 
CORPORATE BONDS   continued       
CONSUMER DISCRETIONARY   continued       
Specialty Retail   1.7%       
American Achievement Corp., 8.25%, 04/01/2012  $ 1,845,000    $ 1,826,550 
Baker & Taylor, Inc., 11.50%, 07/01/2013 144A  3,500,000    3,517,500 
Linens 'n Things, Inc., FRN, 11.13%, 01/15/2014 144A þ  1,750,000    1,631,875 
United Auto Group, Inc., 9.625%, 03/15/2012  5,750,000    6,023,125 
      12,999,050 
Textiles, Apparel & Luxury Goods   2.7%       
Levi Strauss & Co.:       
   9.75%, 01/15/2015  5,975,000    6,154,250 
   12.25%, 12/15/2012  2,750,000    3,093,750 
Norcross Safety Products, LLC, Ser. B, 9.875%, 08/15/2011  6,000,000    6,270,000 
Unifi, Inc., 11.50%, 05/15/2014 144A  2,500,000    2,431,250 
Warnaco Group, Inc., 8.875%, 06/15/2013  3,000,000    3,078,750 
      21,028,000 
CONSUMER STAPLES   2.2%       
Food & Staples Retailing   0.7%       
Rite Aid Corp., 12.50%, 09/15/2006  5,725,000    5,796,563 
Food Products   0.8%       
Del Monte Foods Co., 8.625%, 12/15/2012  5,608,000    5,846,340 
Personal Products   0.7%       
Playtex Products, Inc., 8.00%, 03/01/2011  5,125,000    5,336,406 
ENERGY   7.0%       
Energy Equipment & Services   1.9%       
Dresser-Rand Group, Inc., 9.375%, 04/15/2011  4,500,000    4,590,000 
GulfMark Offshore, Inc., 7.75%, 07/15/2014  1,675,000    1,637,312 
Hanover Compressor Co., 8.75%, 09/01/2011  3,000,000    3,142,500 
Parker Drilling Co., 9.625%, 10/01/2013 þ  5,141,000    5,603,690 
      14,973,502 
Oil, Gas & Consumable Fuels   5.1%       
ANR Pipeline Co., 8.875%, 03/15/2010  1,135,000    1,205,089 
Chesapeake Energy Corp., 7.75%, 01/15/2015 þ  5,425,000    5,492,812 
El Paso Corp., 7.875%, 06/15/2012 þ  3,000,000    3,082,500 
El Paso Production Holding Co., 7.75%, 06/01/2013  4,500,000    4,595,625 
Overseas Shipholding Group, Inc., 8.25%, 03/15/2013  6,000,000    6,240,000 
Plains Exploration & Production Co., 8.75%, 07/01/2012 þ  5,501,000    5,782,926 
Premcor Refining Group, Inc., 9.50%, 02/01/2013  2,650,000    2,887,647 
Targa Resources, Inc., 8.50%, 11/01/2013 144A  2,900,000    2,856,500 
Williams Cos.:       
   7.50%, 01/15/2031  2,850,000    2,757,375 
   8.125%, 03/15/2012  4,150,000    4,367,875 
      39,268,349 
FINANCIALS   5.0%       
Consumer Finance   2.7%       
CCH II Capital Corp., 10.25%, 09/15/2010  4,600,000    4,669,000 
Ford Motor Credit Corp., 9.75%, 09/15/2010 144A  7,000,000    6,933,997 
Northern Telecom Capital Corp., 7.875%, 06/15/2026  3,000,000    2,550,000 
Terra Capital, Inc., 11.50%, 06/01/2010  3,600,000    3,906,000 
Triad Financial Corp., Ser. B, 11.125%, 05/01/2013  2,900,000    2,784,000 
      20,842,997 
Insurance   0.7%       
Crum & Forster Holdings Corp., 10.375%, 06/15/2013 þ  5,000,000    5,125,000 


5

EVERGREEN MANAGED INCOME FUND       
SCHEDULE OF INVESTMENTS continued       
July 31, 2006 (unaudited)       
  Principal
Amount		   Value 
CORPORATE BONDS   continued       
FINANCIALS   continued       
Real Estate Investment Trusts   1.6%       
Crescent Real Estate Equities Co., 9.25%, 04/15/2009  $ 4,500,000    $ 4,663,125 
Saxon Capital, Inc., 12.00%, 05/01/2014 144A þ  2,000,000    2,040,000 
Thornburg Mortgage, Inc., 8.00%, 05/15/2013  6,000,000    5,880,000 
      12,583,125 
HEALTH CARE   2.8%       
Health Care Equipment & Supplies   0.8%       
Universal Hospital Services, Inc., 10.125%, 11/01/2011  5,920,000    6,156,800 
Health Care Providers & Services   2.0%       
HCA, Inc., 8.75%, 09/01/2010  8,250,000    8,332,500 
IASIS Healthcare Corp., 8.75%, 06/15/2014  4,575,000    4,414,875 
Select Medical Corp., 7.625%, 02/01/2015  3,500,000    2,992,500 
      15,739,875 
INDUSTRIALS   3.8%       
Commercial Services & Supplies   1.8%       
Allied Waste North America, Inc., 9.25%, 09/01/2012  7,000,000    7,472,500 
NationsRent Companies, Inc., 9.50%, 10/15/2010  6,000,000    6,548,634 
      14,021,134 
Machinery   2.0%       
Case New Holland, Inc., 9.25%, 08/01/2011  9,750,000    10,322,813 
Commercial Vehicle Group, Inc., 8.00%, 07/01/2013  1,775,000    1,692,906 
RBS Global, Inc., 9.50%, 08/01/2014 144A  3,750,000    3,768,750 
      15,784,469 
INFORMATION TECHNOLOGY   2.8%       
Electronic Equipment & Instruments   0.5%       
Da-Lite Screen Co., Inc., 9.50%, 05/15/2011  3,650,000    3,859,875 
IT Services   1.5%       
SunGard Data Systems, Inc.:       
   9.125%, 08/15/2013  9,450,000    9,698,062 
   10.25%, 08/15/2015 þ  1,750,000    1,782,813 
      11,480,875 
Software   0.8%       
UGS Corp., 10.00%, 06/01/2012  5,740,000    6,206,375 
MATERIALS   12.1%       
Chemicals   3.9%       
Equistar Chemicals, LP, 10.625%, 05/01/2011  5,700,000    6,156,000 
Huntsman Advanced Materials, LLC, 11.625%, 10/15/2010  3,000,000    3,318,750 
Huntsman International, LLC, 11.50%, 07/15/2012  6,300,000    7,056,000 
Lyondell Chemical Co.:       
   9.50%, 12/15/2008 þ  1,880,000    1,941,100 
   10.50%, 06/01/2013  3,960,000    4,365,900 
   11.125%, 07/15/2012 þ  1,165,000    1,274,219 
Tronox Worldwide, LLC, 9.50%, 12/01/2012  6,125,000    6,354,687 
      30,466,656 
Containers & Packaging   2.7%       
Crown Americas, Inc., 7.75%, 11/15/2015 144A  3,300,000    3,271,125 
Graham Packaging Co., 9.875%, 10/15/2014 þ  3,075,000    3,005,813 
Graphic Packaging International, Inc.:       
   8.50%, 08/15/2011 þ  2,000,000    2,020,000 
   9.50%, 08/15/2013 þ  4,000,000    4,020,000 


6

EVERGREEN MANAGED INCOME FUND       
SCHEDULE OF INVESTMENTS continued       
July 31, 2006 (unaudited)       
  Principal
Amount		   Value 
CORPORATE BONDS   continued       
MATERIALS   continued       
Containers & Packaging   continued       
Owens-Brockway Glass Containers, Inc.:       
   8.25%, 05/15/2013  $ 4,300,000    $ 4,375,250 
   8.75%, 11/15/2012  4,050,000    4,293,000 
      20,985,188 
Metals & Mining   2.7%       
Freeport-McMoRan Copper & Gold, Inc.:       
   6.875%, 02/01/2014 þ  4,705,000    4,610,900 
   10.125%, 02/01/2010  1,450,000    1,551,500 
Indalex Holding Corp., 11.50%, 02/01/2014 144A  4,000,000    4,090,000 
United States Steel Corp., 10.75%, 08/01/2008  9,450,000    10,253,250 
      20,505,650 
Paper & Forest Products   2.8%       
Bowater, Inc., 9.375%, 12/15/2021 þ  3,000,000    2,880,000 
Buckeye Technologies, Inc., 8.50%, 10/01/2013 þ  5,000,000    4,900,000 
Georgia Pacific Corp.:       
   8.00%, 01/15/2024  1,670,000    1,590,675 
   8.125%, 05/15/2011  6,000,000    6,015,000 
Verso Paper Holdings, LLC:       
   9.125%, 08/01/2014 144A #  1,750,000    1,758,750 
   11.375%, 08/01/2016 144A #  4,250,000    4,250,000 
      21,394,425 
TELECOMMUNICATION SERVICES   7.3%       
Diversified Telecommunication Services   3.1%       
Citizens Communications Co., 9.25%, 05/15/2011  3,000,000    3,270,000 
Consolidated Communications, Inc., 9.75%, 04/01/2012  3,900,000    4,075,500 
Insight Midwest, LP:       
   9.75%, 10/01/2009  3,750,000    3,834,375 
   10.50%, 11/01/2010  3,500,000    3,657,500 
Qwest Communications International, Inc.:       
   7.875%, 09/01/2011  3,000,000    3,120,000 
   8.875%, 03/15/2012  5,250,000    5,683,125 
      23,640,500 
Wireless Telecommunication Services   4.2%       
Alamosa Holdings, Inc., 11.00%, 07/31/2010  1,600,000    1,756,000 
American Cellular Corp., 10.00%, 08/01/2011  2,500,000    2,631,250 
Centennial Communications Corp.:       
   10.00%, 01/01/2013 þ  1,500,000    1,503,750 
   10.125%, 06/15/2013  4,000,000    4,240,000 
Dobson Communications Corp., 8.375%, 11/01/2011 þ  1,500,000    1,560,000 
Horizon PCS, Inc., 11.375%, 07/15/2012  2,200,000    2,480,500 
Rural Cellular Corp.:       
   8.25%, 03/15/2012  5,750,000    5,965,625 
   9.75%, 01/15/2010 þ  3,125,000    3,148,437 
Sprint Nextel Corp., Inc., Ser. D, 7.375%, 08/01/2015  6,000,000    6,153,168 
UbiquiTel, Inc., 9.875%, 03/01/2011  1,500,000    1,638,750 
US Unwired, Inc., Ser. B, 10.00%, 06/15/2012  1,500,000    1,657,500 
      32,734,980 
UTILITIES   4.7%       
Electric Utilities   1.2%       
Reliant Energy, Inc.:       
   9.25%, 07/15/2010  3,000,000    3,090,000 
   9.50%, 07/15/2013 þ  5,500,000    5,665,000 
      8,755,000 


7

EVERGREEN MANAGED INCOME FUND       
SCHEDULE OF INVESTMENTS continued       
July 31, 2006 (unaudited)       
  Principal
Amount		   Value 
CORPORATE BONDS   continued       
UTILITIES   continued       
Gas Utilities   0.5%       
SEMCO Energy, Inc., 7.75%, 05/15/2013  $ 4,000,000    $ 4,011,172 
Independent Power Producers & Energy Traders   3.0%       
AES Corp., 9.00%, 05/15/2015 144A  6,800,000    7,344,000 
Dynegy, Inc., 8.375%, 05/01/2016 144A þ  9,000,000    8,887,500 
Mirant Americas Generation, LLC, 8.50%, 10/01/2021  3,000,000    2,805,000 
Mirant Corp., 7.375%, 12/31/2013 144A  4,425,000    4,275,656 
      23,312,156 
                 Total Corporate Bonds   (cost $545,358,706)      534,725,706 
FOREIGN BONDS-CORPORATE (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY       
    INDICATED)   13.9%       
CONSUMER DISCRETIONARY   0.3%       
Auto Components   0.1%       
TRW Automotive, Inc., 10.125%, 02/15/2013 EUR  704,000    1,006,305 
Multi-line Retail   0.2%       
Woolworths Group plc, 8.75%, 11/15/2006 GBP  750,000    1,425,595 
CONSUMER STAPLES   0.8%       
Beverages   0.2%       
Canandaigua Brands, Inc., 8.50%, 11/15/2009 GBP  750,000    1,507,908 
Food & Staples Retailing   0.2%       
Ahold USA, Inc., 5.875%, 03/14/2012 EUR  1,000,000    1,311,123 
Tobacco   0.4%       
Imperial Tobacco plc, 6.50%, 11/13/2008 GBP  1,500,000    2,870,664 
ENERGY   0.1%       
Oil, Gas & Consumable Fuels   0.1%       
Transco plc, 7.00%, 12/15/2008 AUD  1,000,000    772,046 
FINANCIALS   11.7%       
Capital Markets   0.8%       
Deutsche Bank AG, FRN, 4.35%, 08/09/2007 CAD  6,200,000    5,482,498 
Morgan Stanley, FRN, 5.33%, 11/14/2013 GBP  510,000    951,159 
      6,433,657 
Commercial Banks   6.7%       
BOS International Australia, 3.50%, 01/22/2007 CAD  5,000,000    4,397,424 
DnB NOR ASA, FRN, 4.55%, 12/08/2008 CAD  4,000,000    3,531,125 
Eurofima:       
   5.50%, 09/15/2009 AUD  2,400,000    1,798,846 
   6.50%, 08/22/2011 AUD  5,000,000    3,859,921 
European Investment Bank:       
   4.00%, 04/15/2009 SEK  5,000,000    701,321 
   4.50%, 01/14/2013 GBP  1,940,000    3,535,325 
   5.75%, 09/15/2009 AUD  5,470,000    4,130,012 
   8.00%, 10/21/2013 ZAR  58,430,000    8,108,198 
   FRN, 2.90%, 08/16/2013 GBP  800,000    1,734,062 
Kreditanstalt für Wiederaufbau, 5.375%, 01/29/2014 GBP  3,665,000    7,028,024 
Landwirtschaftliche Rentenbank, 6.00%, 09/15/2009 AUD  7,100,000    5,387,623 
Rabobank Australia, Ltd., 6.25%, 11/22/2011 NZD  725,000    433,072 
Rabobank Nederland:       
   4.25%, 01/05/2009 CAD  3,030,000    2,662,078 
   FRN, 4.53%, 06/18/2007 CAD  5,000,000    4,422,253 
      51,729,284 


8

EVERGREEN MANAGED INCOME FUND         
SCHEDULE OF INVESTMENTS continued         
July 31, 2006 (unaudited)         
    Principal
Amount		   Value 
FOREIGN BONDS-CORPORATE (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY         
    INDICATED)   continued         
FINANCIALS   continued         
Consumer Finance   1.4%         
ABB International Finance, Ltd., 6.50%, 11/30/2011 EUR    2,360,000    $ 3,299,852 
General Electric Capital Corp., 5.25%, 12/10/2013 GBP    780,000    1,457,920 
HSBC Finance Corp., 7.00%, 03/27/2012 GBP    370,000    747,219 
KfW International Finance, Inc., 6.25%, 12/17/2007 NZD    9,160,000    5,566,780 
        11,071,771 
Diversified Financial Services   0.2%         
Lighthouse Group plc, 8.00%, 04/30/2014 EUR    1,000,000    1,365,924 
Insurance   0.1%         
Travelers Insurance Co., 6.00%, 04/07/2009 AUD    1,000,000    755,530 
Thrifts & Mortgage Finance   2.5%         
Canada Housing Trust, Ser. 5, 3.70%, 09/15/2008 CAD    6,280,000    5,485,198 
Nykredit, 5.00%, 10/01/2035 DKK    78,312,986    13,238,282 
Totalkredit, FRN, 3.71%, 01/01/2015 DKK    2,162,548    371,931 
        19,095,411 
INDUSTRIALS   0.3%         
Machinery   0.3%         
Harsco Corp., 7.25%, 10/27/2010 GBP    1,000,000    1,999,895 
Savcio Holdings, 8.00%, 02/15/2013 EUR    250,000    322,943 
        2,322,838 
INFORMATION TECHNOLOGY   0.3%         
Office Electronics   0.3%         
Xerox Corp., 9.75%, 01/15/2009 EUR    1,800,000    2,549,946 
TELECOMMUNICATION SERVICES   0.4%         
Diversified Telecommunication Services   0.4%         
Deutsche Telekom AG, 6.25%, 12/09/2010 GBP    1,700,000    3,277,238 
                 Total Foreign Bonds-Corporate (Principal Amount Denominated in Currency Indicated)   (cost $104,285,173)    107,495,240 
FOREIGN BONDS-GOVERNMENT (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY         
    INDICATED)   19.7%         
Australia, 5.25%, 03/15/2019 AUD    19,465,000    14,121,038 
Canada:         
   4.25%, 12/01/2026 CAD    11,114,943    13,976,804 
   4.50%, 04/17/2008 CAD    5,250,000    4,647,541 
   5.75%, 03/03/2008 NZD    5,000,000    3,017,522 
Denmark, 7.00%, 11/10/2024 DKK    60,650,000    14,010,849 
France, 4.25%, 04/25/2019 EUR    6,290,000    8,216,949 
Hong Kong, 4.23%, 03/21/2011 HKD    72,250,000    9,239,602 
Korea, 5.25%, 09/10/2015 KRW    2,850,000,000    3,029,072 
Mexico, 10.00%, 12/05/2024 MXN    83,950,000    8,534,945 
New Zealand:         
   6.00%, 04/15/2015 NZD    50,000    31,142 
   6.50%, 04/15/2013 NZD    6,606,000    4,194,195 
Norway, 4.25%, 05/19/2017 NOK    94,400,000    15,223,432 
Singapore, 3.625%, 07/01/2014 SGD    14,100,000    9,041,756 
Sweden:         
   3.00%, 07/12/2016 SEK    95,830,000    12,408,135 
   5.50%, 10/08/2012 SEK    102,910,000    15,650,103 
United Kingdom, 1.27%, 11/22/2017 GBP    9,635,000    17,522,174 
                 Total Foreign Bonds-Government (Principal Amount Denominated in Currency Indicated)   (cost $152,731,618)    152,865,259 


9

EVERGREEN MANAGED INCOME FUND       
SCHEDULE OF INVESTMENTS continued       
July 31, 2006 (unaudited)       
  Principal
Amount		   Value  
U.S. TREASURY OBLIGATIONS   2.1%       
U.S. Treasury Notes:       
   2.00%, 01/15/2016 ##  $ 8,972,656    $ 8,661,071  
   4.50%, 02/15/2036 ##  8,162,000    7,452,290  
                 Total U.S. Treasury Obligations   (cost $16,216,145)      16,113,361  
YANKEE OBLIGATIONS-CORPORATE   5.0%       
CONSUMER DISCRETIONARY   0.8%       
Media   0.8%       
IMAX Corp., 9.625%, 12/01/2010 þ  6,000,000    6,300,000  
FINANCIALS   0.4%       
Capital Markets   0.0%       
UBS Luxembourg SA, FRN, 6.86%, 10/24/2006  260,000    261,638  
Diversified Financial Services   0.4%       
Ship Finance International, Ltd., 8.50%, 12/15/2013  3,455,000    3,264,975  
INFORMATION TECHNOLOGY   0.6%       
Electronic Equipment & Instruments   0.6%       
Celestica, Inc.:       
   7.625%, 07/01/2013 þ  1,250,000    1,225,000  
   7.875%, 07/01/2011 þ  3,175,000    3,159,125  
      4,384,125  
MATERIALS   1.2%       
Chemicals   0.4%       
Ineos Group Holdings plc, 8.50%, 02/15/2016 144A þ  3,250,000    3,063,125  
Metals & Mining   0.8%       
Novelis, Inc., 8.00%, 02/15/2015 144A  6,300,000    6,126,750  
TELECOMMUNICATION SERVICES   2.0%       
Diversified Telecommunication Services   0.3%       
Northern Telecom, Ltd., 6.875%, 09/01/2023  3,000,000    2,400,000  
Wireless Telecommunication Services   1.7%       
Intelsat, Ltd.:       
   9.25%, 06/15/2016 144A  5,750,000    5,908,125  
   11.25%, 06/15/2016 144A  2,000,000    2,030,000  
Rogers Wireless, Inc.:       
   7.50%, 03/15/2015  1,750,000    1,802,500  
   9.625%, 05/01/2011  3,000,000    3,330,000  
      13,070,625  
                 Total Yankee Obligations-Corporate   (cost $39,737,413)      38,871,238  
DEBT OBLIGATIONS   0.7%       
Blue Grass Energy Corp. Loan, 10.40%, 12/30/2013 #   (cost $5,200,000)  5,200,000    5,238,896  
  Shares                 Value  
SHORT-TERM INVESTMENTS   15.0%       
MUTUAL FUND SHARES   15.0%       
Evergreen Institutional Money Market Fund ø ##  6,829,629    6,829,629  
Navigator Prime Portfolio þþ  109,587,240    109,587,240  
                 Total Short-Term Investments   (cost $116,416,869)      116,416,869  
Total Investments   (cost $1,283,369,572)   164.8%      1,275,331,496  
Other Assets and Liabilities and Preferred Shares   (64.8%)      (501,540,124 ) 
Net Assets Applicable to Common Shareholders   100.0%      $ 773,791,372  


10

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

# 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.
## All or a portion of this security has been segregated for when-issued or delayed delivery securities.
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 
JPY  Japanese Yen 
KRW  Republic of Korea Won 
MXN  Mexican Peso 
NOK  Norwegian Krone 
NZD  New Zealand Dollar 
SEK  Swedish Krona 
SGD  Singapore Dollar 
TBA  To Be Announced 
ZAR  South African Rand 

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

  Notional   Cash Flows Paid Cash Flows Received Unrealized
Expiration Amount Counterparty by the Fund by the Fund Gain
11/27/2006 $168,000,000 JPMorgan Chase & Co. Fixed-2.79% Floating-5.39%1 $1,547,225
11/26/2008   112,000,000 JPMorgan Chase & Co. Fixed-3.582% Floating-5.39%1   4,353,872

1     This rate represents the 1 month USD London InterBank Offered Rate (LIBOR) effective for the period of July 26, 2006 through August 28, 2006.


At July 31, 2006, the Fund had forward foreign currency exchange contracts outstanding as follows:

Forward Foreign Currency Exchange Contracts to Buy:

Exchange Contracts to U.S. Value at In Exchange Unrealized
Date Receive July 31, 2006 for U.S. $ Gain
10/10/2006 9,026,000 EUR $11,582,139 $11,578,914 $    3,225
10/10/2006 2,690,319,504 JPY  23,694,117 23,572,000 122,117


Forward Foreign Currency Exchange Contracts to Buy:

Exchange Contracts to U.S. Value at U.S. Value at Unrealized
Date Receive July 31, 2006 In Exchange for July 31, 2006 Loss
09/26/2006 4,812,150,000 JPY $42,301,182 22,964,538 GBP $42,951,558 $     650,376
09/26/2006 197,600,000 JPY     1,737,002 940,214 GBP     1,758,522         21,520
09/29/2006 3,200,000,000 JPY   28,140,203 38,300,419 AUD   29,296,896    1,156,693
09/29/2006 136,274,000 JPY     1,198,368 1,609,282 AUD     1,230,978         32,610
09/29/2006 1,555,291,000 JPY   13,676,939 22,855,121 NZD   14,042,526       365,587

On July 31, 2006, the aggregate cost of securities for federal income tax purposes was $1,283,917,350. The gross unrealized appreciation and depreciation on securities based on tax cost was $14,313,426 and $22,899,280, respectively, with a net unrealized depreciation of $8,585,854.


11

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 27, 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:         September 27, 2006

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

Date:         September 27, 2006