Edgar Filing: EVERGREEN MANAGED INCOME FUND


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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, 2007 . This one series has an October 31 fiscal year end.

Date of reporting period: January 31, 2007

Item 1 – Schedule of Investments

EVERGREEN MANAGED INCOME FUND SCHEDULE OF INVESTMENTS



January 31, 2007 (unaudited)
		Principal Amount		Value



AGENCY MORTGAGE-BACKED COLLATERALIZED MORTGAGE OBLIGATIONS 4.9%
FIXED-RATE 0.4%
FNMA:
Ser. 2001-25, Class Z, 6.00%, 06/25/2031	$	1,785,606	$	1,791,463
Ser. 2001-51, Class P, 6.00%, 08/25/2030		1,333,840		1,336,274



				3,127,737



FLOATING-RATE 4.5%
FHLMC:
Ser. 196, Class A, 6.18%, 12/15/2021		253,135		252,269
Ser. 1500, Class FD, 4.37%, 05/15/2023		5,960,053		6,013,336
Ser. 2182, Class FE, 5.88%, 05/15/2028		920,550		929,926
Ser. 2247, Class FC, 5.92%, 08/15/2030		1,119,530		1,132,237
Ser. 2390, Class FD, 5.77%, 12/15/2031		204,693		206,697
Ser. 2411, Class F, 5.87%, 02/15/2032		244,817		247,160
Ser. 2567, Class FH, 5.72%, 02/15/2033		528,385		529,956
FNMA:
Ser. 1996-46, Class FA, 5.84%, 08/25/2021		136,467		136,446
Ser. 2000-45, Class F, 5.77%, 12/25/2030		1,060,581		1,067,485
Ser. 2001-24, Class FC, 5.92%, 04/25/2031		386,748		391,134
Ser. 2001-35, Class F, 5.92%, 07/25/2031		85,721		87,249
Ser. 2001-37, Class F, 5.82%, 08/25/2031		401,754		405,599
Ser. 2001-57, Class F, 5.82%, 06/25/2031		86,302		87,597
Ser. 2001-62, Class FC, 5.97%, 11/25/2031		1,134,434		1,155,730
Ser. 2002-77:
Class FH, 5.72%, 12/18/2032		485,102		489,917
Class FV, 5.82%, 12/18/2032		1,635,452		1,657,136
Ser. 2002-95, Class FK, 5.82%, 01/25/2033		5,176,164		5,374,411
Ser. 2002-97, Class FR, 5.87%, 01/25/2033		183,945		187,531
Ser. 2003-W8, Class 3F2, 5.67%, 05/25/2042		889,758		921,567
Ser. 2005-W4, Class 3A, 5.83%, 06/25/2035		8,563,721		8,904,043
Ser. G91-16, Class F, 5.79%, 06/25/2021		147,669		147,365
Ser. G92-17, Class F, 6.39%, 03/25/2022		238,888		244,920
Ser. G92-53, Class FA, 6.09%, 09/25/2022		2,268,978		2,304,798
Ser. G93-11, Class FB, 6.19%, 12/25/2008		61,965		62,290
GNMA:
Ser. 1997-13, Class F, 5.875%, 09/16/2027		2,188,418		2,202,608
Ser. 2001-61, Class FA, 5.82%, 09/20/2030		211,281		212,745



				35,352,152



Total Agency Mortgage-Backed Collateralized Mortgage Obligations (cost $38,105,917)				38,479,889



AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES 31.9%
FIXED-RATE 4.4%
FHLMC:
6.00%, 04/01/2036		5,949,410		5,974,874
6.50%, 06/01/2017		3,948,781		4,011,724
8.50%, 04/01/2015-07/01/2028		727,631		760,623
FHLMC 30 year, 6.50%, TBA #		2,230,000		2,266,933
FNMA:
6.00%, 04/01/2033		657,366		655,709
6.50%, 11/01/2032		330,402		335,884
7.00%, 09/01/2031-08/01/2032		2,572,851		2,657,102
7.35%, 02/01/2012		687,827		686,478
7.50%, 07/01/2017-07/01/2032		1,461,851		1,518,472
8.00%, 12/01/2024-06/01/2030		342,902		361,476
12.00%, 01/01/2016		69,617		76,757
FNMA 30 year, 6.50%, TBA #		10,305,000		10,475,671

EVERGREEN MANAGED INCOME FUND SCHEDULE OF INVESTMENTS continued



January 31, 2007 (unaudited)
		Principal Amount		Value



AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES continued
FIXED-RATE continued
GNMA:
6.50%, 06/15/2028	$	151,263	$	155,327
7.25%, 07/15/2017-05/15/2018		1,211,616		1,252,460
9.50%, 12/15/2009-04/15/2011		3,173,491		3,517,997



				34,707,487



FLOATING-RATE 27.5%
FHLMC:
4.57%, 12/01/2026		157,920		161,991
5.05%, 07/01/2035		933,963		915,666
5.06%, 12/01/2033		10,314,622		10,688,527
5.07%, 10/01/2035		5,349,167		5,347,723
5.41%, 03/01/2018-06/01/2033		1,832,208		1,847,342
5.52%, 08/01/2017-06/01/2035		275,760		285,134
5.54%, 10/01/2017		7,476		7,684
5.58%, 10/01/2030		31,843		32,077
5.60%, 06/01/2030-03/01/2032		6,556,342		6,606,758
5.64%, 06/01/2031		841,888		864,249
5.69%, 06/01/2018-06/01/2028		259,375		262,805
5.75%, 07/01/2019		16,835		16,961
5.95%, 01/01/2030		287,803		297,453
5.96%, 05/01/2019		18,296		19,038
6.06%, 07/01/2030-10/01/2033		456,725		467,891
6.17%, 10/01/2022		220,568		226,956
6.30%, 05/01/2025		94,044		96,954
6.50%, 02/01/2016		52,954		53,205
6.625%, 02/01/2016		38,524		38,714
6.63%, 09/01/2032		6,594,956		6,877,946
6.66%, 01/01/2027		392,345		409,427
6.80%, 06/01/2031		1,101,245		1,133,765
6.86%, 01/01/2018		119,163		119,484
6.92%, 10/01/2024		533,725		538,278
6.99%, 07/01/2032		2,247,484		2,285,715
7.00%, 06/01/2023-10/01/2024		564,881		581,416
7.07%, 09/01/2032		1,257,815		1,308,945
7.08%, 03/01/2024		362,815		376,304
7.12%, 11/01/2023		249,874		255,536
7.13%, 10/01/2033		477,980		501,177
7.15%, 12/01/2022		92,478		94,803
7.22%, 10/01/2030		841,538		876,218
7.23%, 08/01/2032		2,146,991		2,167,816
7.34%, 08/01/2030		881,031		924,237
7.36%, 03/01/2031		110,442		110,404
7.68%, 03/25/2036		2,166,911		2,254,606
7.78%, 03/25/2036 ##		26,704,626		27,872,419
8.50%, 03/01/2030		162,054		173,344
FNMA:
4.51%, 05/01/2033		2,932,337		2,881,754
4.54%, 08/01/2020		2,021,283		2,009,115
4.58%, 06/01/2033		1,869,916		1,895,590
4.67%, 10/01/2029		215,324		217,684
4.73%, 01/01/2035		600,171		585,448
4.85%, 04/01/2035		3,835,813		3,843,561
4.97%, 07/01/2020		805,963		803,666
4.98%, 03/01/2033		171,800		171,385
4.99%, 12/01/2031-10/01/2033		1,255,631		1,283,772

EVERGREEN MANAGED INCOME FUND SCHEDULE OF INVESTMENTS continued



January 31, 2007 (unaudited)
		Principal Amount		Value



AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES continued
FLOATING-RATE continued
FNMA:
5.03%, 03/01/2034	$	2,335,498	$	2,421,351
5.14%, 03/01/2034		1,736,880		1,799,842
5.44%, 12/01/2009		4,740,195		4,803,003
5.50%, 04/01/2025		333,027		338,855
5.60%, 03/01/2018-05/01/2029		8,357,806		8,411,135
5.61%, 04/01/2017-03/01/2018		7,790,324		7,839,367
5.63%, 03/01/2033		711,353		715,194
5.65%, 03/01/2035		6,648,406		6,938,343
5.66%, 02/01/2035		2,271,800		2,350,223
5.70%, 04/01/2034		1,752,735		1,811,066
5.72%, 02/01/2035		1,800,886		1,862,044
5.75%, 12/01/2016-08/01/2027		483,767		492,708
5.93%, 03/01/2032		660,888		660,862
5.94%, 10/01/2032		306,919		317,287
6.00%, 01/01/2017		105,600		107,476
6.03%, 04/01/2031		1,213,872		1,231,874
6.11%, 12/01/2013		713,667		716,511
6.13%, 09/01/2041		1,823,748		1,845,960
6.14%, 04/01/2034		4,054,182		4,194,213
6.15%, 07/01/2032		1,288,298		1,339,198
6.19%, 01/01/2034		1,131,930		1,149,271
6.24%, 06/01/2031		294,161		299,159
6.28%, 12/01/2034-12/01/2040		8,574,939		8,832,965
6.32%, 01/01/2033-12/01/2036		1,867,370		1,930,318
6.37%, 08/01/2028		85,368		88,967
6.375%, 04/01/2019		85,197		87,756
6.53%, 11/01/2024-11/01/2035		3,394,982		3,471,945
6.625%, 08/01/2021		11,997		11,851
6.64%, 12/01/2028		99,261		104,750
6.65%, 04/01/2028-02/01/2035		3,869,154		4,021,011
6.68%, 05/01/2034		2,522,367		2,576,194
6.70%, 02/01/2038		143,328		150,377
6.73%, 10/01/2034		706,427		727,719
6.74%, 06/01/2024		344,064		356,491
6.75%, 05/01/2021		8,813		8,721
6.77%, 01/01/2030		89,413		90,988
6.86%, 12/01/2022		25,304		26,072
6.90%, 10/01/2035		6,210,629		6,451,352
6.91%, 01/01/2015-12/01/2035		7,896,864		8,189,036
6.94%, 09/01/2024		333,606		345,165
7.00%, 01/01/2028		1,060,735		1,116,540
7.05%, 12/01/2031		279,644		282,547
7.06%, 04/01/2024-02/01/2035		1,008,193		1,057,321
7.09%, 04/01/2034		2,124,884		2,218,676
7.12%, 06/01/2037		531,090		538,541
7.125%, 12/01/2026		166,537		172,960
7.18%, 09/01/2024-09/01/2032		233,347		242,328
7.20%, 06/01/2029		502,218		524,205
7.21%, 12/01/2029		130,257		136,399
7.23%, 07/01/2026-05/01/2030		568,667		598,406
7.25%, 12/01/2023-08/01/2036		9,665,612		10,053,422
7.28%, 01/01/2026		797,023		827,373
7.33%, 02/01/2038		592,043		620,065
7.36%, 08/01/2030		489,755		516,123
7.43%, 10/01/2032		4,868,705		5,081,029
7.48%, 09/01/2027		395,547		414,213

EVERGREEN MANAGED INCOME FUND SCHEDULE OF INVESTMENTS continued



January 31, 2007 (unaudited)
		Principal Amount		Value



AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES continued
FLOATING-RATE continued
FNMA:
7.51%, 01/01/2028	$	1,130,103	$	1,183,896
7.62%, 07/01/2030		463,232		476,051
7.64%, 07/01/2033		520,102		550,097
7.96%, 04/01/2033		468,705		480,383
GNMA:
5.00%, 02/20/2031		450,654		456,792
5.25%, 02/20/2029		1,110,328		1,127,794
5.375%, 01/20/2027-03/20/2028		590,621		600,357
5.50%, 09/20/2030-02/20/2031		1,407,569		1,430,793
6.00%, 11/20/2030-10/20/2031		1,658,010		1,685,314
6.125%, 10/20/2029-11/20/2030		3,402,289		3,461,053



				215,760,241



Total Agency Mortgage-Backed Pass Through Securities (cost $249,663,577)				250,467,728



AGENCY REPERFORMING MORTGAGE-BACKED PASS THROUGH SECURITIES 0.4%
FNMA:
Ser. 2001-T10, Class A2, 7.50%, 12/25/2041		486,864		508,647
Ser. 2002-T6, Class A4, 5.82%, 03/25/2041		1,839,300		1,866,908
Ser. 2003-W2, Class 2A8, 5.67%, 07/25/2042		586,560		613,301



Total Agency Reperforming Mortgage-Backed Pass Through Securities (cost $3,017,209)				2,988,856



CORPORATE BONDS 69.6%
CONSUMER DISCRETIONARY 22.7%
Auto Components 3.6%
Accuride Corp., 8.50%, 02/01/2015		3,000,000		2,940,000
Goodyear Tire & Rubber Co., 9.00%, 07/01/2015		3,000,000		3,247,500
Lear Corp., Ser. B, 8.75%, 12/01/2016		5,000,000		5,012,500
Tenneco Automotive, Inc., 8.625%, 11/15/2014		6,125,000		6,385,312
TRW Automotive, Inc.:
9.375%, 02/15/2013		1,500,000		1,612,500
11.00%, 02/15/2013		4,500,000		4,950,000
Visteon Corp., 8.25%, 08/01/2010		4,000,000		4,020,000



				28,167,812



Automobiles 0.8%
Ford Motor Co., 7.45%, 07/16/2031		2,500,000		2,040,625
General Motors Corp., 8.375%, 07/15/2033		4,250,000		4,021,563



				6,062,188



Diversified Consumer Services 0.6%
Carriage Services, Inc., 7.875%, 01/15/2015		1,540,000		1,541,925
Education Management, LLC:
8.75%, 06/01/2014		1,525,000		1,608,875
10.25%, 06/01/2016		1,775,000		1,917,000



				5,067,800



Hotels, Restaurants & Leisure 2.9%
Inn of the Mountain Gods Resort & Casino, 12.00%, 11/15/2010		4,000,000		4,380,000
Mandalay Resort Group, Ser. B, 10.25%, 08/01/2007		7,000,000		7,166,250
MGM MIRAGE, Inc., 9.75%, 06/01/2007		5,750,000		5,843,437
Universal City Development Partners, Ltd., 11.75%, 04/01/2010		5,250,000		5,624,063



				23,013,750



Household Durables 1.4%
Hovnanian Enterprises, Inc., 7.75%, 05/15/2013		1,750,000		1,750,000
Jarden Corp., 9.75%, 05/01/2012		3,000,000		3,191,250
Libbey, Inc., FRN, 12.35%, 06/01/2011 144A		3,000,000		3,255,000
Standard Pacific Corp., 9.25%, 04/15/2012		3,000,000		3,097,500



				11,293,750

EVERGREEN MANAGED INCOME FUND SCHEDULE OF INVESTMENTS continued



January 31, 2007 (unaudited)
		Principal Amount		Value



CORPORATE BONDS continued
CONSUMER DISCRETIONARY continued
Media 7.1%
AMC Entertainment, Inc., Ser. B, 8.625%, 08/15/2012	$	4,570,000	$	4,827,062
American Media Operations, Inc., Ser. B, 10.25%, 05/01/2009		3,000,000		2,887,500
Cablevision Systems Corp., Ser. B, 8.00%, 04/15/2012		2,425,000		2,458,344
CCH I, LLC:
11.00%, 10/01/2015		1,100,000		1,138,500
13.50%, 01/15/2014		950,000		945,250
Cinemark USA, Inc., 9.00%, 02/01/2013		3,410,000		3,640,175
Dex Media East, LLC:
9.875%, 11/15/2009		5,500,000		5,788,750
12.125%, 11/15/2012		3,000,000		3,307,500
Mediacom Broadband, LLC, 8.50%, 10/15/2015 144A		2,500,000		2,543,750
Mediacom Communications Corp., 9.50%, 01/15/2013		9,000,000		9,292,500
Paxson Communications Corp., FRN, 11.61%, 01/15/2013 144A		4,000,000		4,180,000
R.H. Donnelley Corp., 10.875%, 12/15/2012		5,000,000		5,462,500
Sinclair Broadcast Group, Inc., 8.00%, 03/15/2012		3,000,000		3,097,500
Sirius Satellite Radio, Inc., 9.625%, 08/01/2013		2,725,000		2,725,000
Visant Corp., 7.625%, 10/01/2012		3,035,000		3,110,875



				55,405,206



Multi-line Retail 0.9%
Neiman Marcus Group, Inc.:
9.00%, 10/15/2015		3,000,000		3,300,000
10.375%, 10/15/2015		3,000,000		3,367,500



				6,667,500



Specialty Retail 2.7%
American Achievement Corp., 8.25%, 04/01/2012		1,845,000		1,888,819
Baker & Taylor, Inc., 11.50%, 07/01/2013 144A		3,500,000		3,640,000
Linens ‘n Things, Inc., FRN, 10.99%, 01/15/2014		3,150,000		3,071,250
Michaels Stores, Inc.
10.00%, 11/01/2014 144A		2,200,000		2,359,500
11.375%, 11/01/2016 144A		1,650,000		1,790,250
Sally Beauty Holdings, Inc.:
9.25%, 11/15/2014 144A		1,600,000		1,650,000
10.50%, 11/15/2016 144A		1,000,000		1,031,250
United Auto Group, Inc., 9.625%, 03/15/2012		5,750,000		6,066,250



				21,497,319



Textiles, Apparel & Luxury Goods 2.7%
Levi Strauss & Co.:
9.75%, 01/15/2015		5,975,000		6,482,875
12.25%, 12/15/2012		2,750,000		3,055,938
Norcross Safety Products, LLC, Ser. B, 9.875%, 08/15/2011 o		6,000,000		6,420,000
Unifi, Inc., 11.50%, 05/15/2014		2,045,000		1,952,975
Warnaco Group, Inc., 8.875%, 06/15/2013		3,000,000		3,202,500



				21,114,288



CONSUMER STAPLES 1.6%
Food Products 0.9%
Del Monte Foods Co., 8.625%, 12/15/2012		5,608,000		5,944,480
Pilgrims Pride Corp., 8.375%, 05/01/2017		1,500,000		1,485,000



				7,429,480



Personal Products 0.7%
Playtex Products, Inc., 8.00%, 03/01/2011		5,125,000		5,387,656

EVERGREEN MANAGED INCOME FUND SCHEDULE OF INVESTMENTS continued



January 31, 2007 (unaudited)
		Principal Amount		Value



CORPORATE BONDS continued
ENERGY 6.4%
Energy Equipment & Services 1.3%
GulfMark Offshore, Inc., 7.75%, 07/15/2014	$	1,675,000	$	1,700,125
Hanover Compressor Co., 8.75%, 09/01/2011		3,000,000		3,135,000
Parker Drilling Co., 9.625%, 10/01/2013		5,141,000		5,635,821



				10,470,946



Oil, Gas & Consumable Fuels 5.1%
ANR Pipeline Co., 8.875%, 03/15/2010		1,135,000		1,194,138
Chesapeake Energy Corp., 7.75%, 01/15/2015		3,425,000		3,527,750
El Paso Corp., 7.875%, 06/15/2012		3,000,000		3,187,500
El Paso Production Holdings Co., 7.75%, 06/01/2013		4,500,000		4,680,000
Griffin Coal Mining Co., 9.50%, 12/01/2016 144A		6,000,000		6,255,000
Overseas Shipholding Group, Inc., 8.25%, 03/15/2013		6,000,000		6,330,000
Premcor Refining Group, Inc., 9.50%, 02/01/2013		2,650,000		2,852,736
Regency Energy Partners, LP, 8.375%, 12/15/2013 144A		1,300,000		1,309,750
Targa Resources, Inc., 8.50%, 11/01/2013 144A		2,900,000		2,921,750
Williams Cos.:
7.50%, 01/15/2031		2,850,000		2,978,250
8.125%, 03/15/2012		4,150,000		4,487,187



				39,724,061



FINANCIALS 6.8%
Capital Markets 0.7%
Goldman Sachs Group, Inc., 6.875%, 01/15/2011		4,830,000		5,100,021



Consumer Finance 3.6%
CCH II Capital Corp., 10.25%, 09/15/2010		4,600,000		4,801,250
Ford Motor Credit Corp., 9.75%, 09/15/2010 144A		9,326,000		9,955,598
General Electric Capital Corp., 6.125%, 02/22/2011		1,000,000		1,031,520
Hexion U.S. Finance Corp., 9.75%, 11/15/2014 144A		3,150,000		3,307,500
Northern Telecom Capital Corp., 7.875%, 06/15/2026		3,000,000		2,812,500
Terra Capital, Inc., 11.50%, 06/01/2010		3,600,000		3,888,000
Triad Financial Corp., Ser. B, 11.125%, 05/01/2013		2,900,000		2,798,500



				28,594,868



Insurance 0.7%
Crum & Forster Holdings Corp., 10.375%, 06/15/2013		5,000,000		5,425,000



Real Estate Investment Trusts 1.7%
Crescent Real Estate Equities Co., 9.25%, 04/15/2009		7,500,000		7,696,875
Thornburg Mortgage, Inc., 8.00%, 05/15/2013		6,000,000		6,000,000



				13,696,875



Real Estate Management & Development 0.1%
Buffalo Thunder Development Authority, 9.375%, 12/15/2014 144A		900,000		919,125



HEALTH CARE 4.0%
Health Care Equipment & Supplies 0.8%
Universal Hospital Services, Inc., 10.125%, 11/01/2011		5,920,000		6,319,600



Health Care Providers & Services 3.2%
HCA, Inc.:
8.75%, 09/01/2010		8,250,000		8,621,250
9.25%, 11/15/2016 144A		6,291,000		6,699,915
HealthSouth Corp., 10.75%, 06/15/2016 144A		1,500,000		1,655,625
IASIS Healthcare Corp., 8.75%, 06/15/2014		4,575,000		4,695,094
Select Medical Corp., 7.625%, 02/01/2015		3,500,000		3,150,000



				24,821,884



INDUSTRIALS 3.3%
Commercial Services & Supplies 1.0%
Allied Waste North America, Inc., 9.25%, 09/01/2012		7,000,000		7,446,250

EVERGREEN MANAGED INCOME FUND SCHEDULE OF INVESTMENTS continued



January 31, 2007 (unaudited)
		Principal Amount		Value



CORPORATE BONDS continued
INDUSTRIALS continued
Machinery 1.9%
Case New Holland, Inc., 9.25%, 08/01/2011	$	8,750,000	$	9,318,750
Commercial Vehicle Group, Inc., 8.00%, 07/01/2013		1,775,000		1,752,813
RBS Global, Inc., 9.50%, 08/01/2014 144A		3,750,000		3,900,000



				14,971,563



Road & Rail 0.4%
Hertz Corp., 10.50%, 01/01/2016		3,000,000		3,390,000



INFORMATION TECHNOLOGY 4.2%
Electronic Equipment & Instruments 1.2%
CompuCom Systems, Inc., 12.00%, 11/01/2014 144A		3,250,000		3,380,000
Da-Lite Screen Co., Inc., 9.50%, 05/15/2011		3,650,000		3,850,750
NXP Funding, LLC, 9.50%, 10/15/2015 144A		2,500,000		2,596,875



				9,827,625



IT Services 1.5%
SunGard Data Systems, Inc.:
9.125%, 08/15/2013		9,450,000		9,993,375
10.25%, 08/15/2015		1,750,000		1,890,000



				11,883,375



Semiconductors & Semiconductor Equipment 0.7%
Conexant Systems, Inc., 9.13%, 11/15/2010 144A		600,000		612,000
Freescale Semiconductor, Inc., 10.125%, 12/15/2016 144A		1,500,000		1,500,000
Spansion, Inc., 11.25%, 01/15/2016 144A		3,000,000		3,172,500



				5,284,500



Software 0.8%
UGS Corp., 10.00%, 06/01/2012		5,740,000		6,314,000



MATERIALS 10.2%
Chemicals 3.4%
Equistar Chemicals, LP, 10.625%, 05/01/2011		5,700,000		6,070,500
Huntsman Advanced Materials, LLC, 11.625%, 10/15/2010		3,000,000		3,285,000
Huntsman International, LLC, 11.50%, 07/15/2012		6,300,000		7,182,000
Lyondell Chemical Co.:
10.50%, 06/01/2013		1,960,000		2,173,150
11.125%, 07/15/2012		1,165,000		1,259,656
Tronox Worldwide, LLC, 9.50%, 12/01/2012		6,125,000		6,523,125



				26,493,431



Containers & Packaging 2.8%
Crown Americas, Inc., 7.75%, 11/15/2015		3,300,000		3,432,000
Graham Packaging Co., 9.875%, 10/15/2014		3,075,000		3,182,625
Graphic Packaging International, Inc.:
8.50%, 08/15/2011		2,000,000		2,085,000
9.50%, 08/15/2013		4,000,000		4,260,000
Owens-Brockway Glass Containers, Inc.:
8.25%, 05/15/2013		4,300,000		4,504,250
8.75%, 11/15/2012		4,050,000		4,303,125



				21,767,000



Metals & Mining 1.1%
Aleris International, Inc., 9.00%, 12/15/2014 144A		1,000,000		1,042,500
Freeport-McMoRan Copper & Gold, Inc., 10.125%, 02/01/2010		1,450,000		1,531,563
Indalex Holding Corp., 11.50%, 02/01/2014 144A		4,000,000		4,260,000
Momentive Performance, 9.75%, 12/01/2014 144A		1,775,000		1,828,250



				8,662,313

EVERGREEN MANAGED INCOME FUND SCHEDULE OF INVESTMENTS continued



January 31, 2007 (unaudited)
		Principal Amount		Value



CORPORATE BONDS continued
MATERIALS continued
Paper & Forest Products 2.9%
Bowater, Inc., 9.375%, 12/15/2021	$	3,000,000	$	3,105,000
Buckeye Technologies, Inc., 8.50%, 10/01/2013		5,000,000		5,350,000
Georgia Pacific Corp.:
8.00%, 01/15/2024		1,670,000		1,686,700
8.125%, 05/15/2011		6,000,000		6,330,000
Verso Paper Holdings, LLC:
9.125%, 08/01/2014 144A		1,750,000		1,846,250
11.375%, 08/01/2016 144A		4,250,000		4,526,250



				22,844,200



TELECOMMUNICATION SERVICES 6.0%
Diversified Telecommunication Services 2.4%
Citizens Communications Co., 9.25%, 05/15/2011		3,000,000		3,337,500
Consolidated Communications, Inc., 9.75%, 04/01/2012		3,900,000		4,163,250
Insight Midwest, LP, 9.75%, 10/01/2009		1,948,000		1,986,960
Qwest Communications International, Inc.:
7.875%, 09/01/2011		3,000,000		3,202,500
8.875%, 03/15/2012		5,250,000		5,853,750



				18,543,960



Wireless Telecommunication Services 3.6%
Alamosa Holdings, Inc., 11.00%, 07/31/2010		1,600,000		1,719,856
American Cellular Corp., 10.00%, 08/01/2011		2,500,000		2,662,500
Centennial Communications Corp.:
10.00%, 01/01/2013		1,500,000		1,616,250
10.125%, 06/15/2013		4,000,000		4,335,000
Cricket Communications, Inc., 9.375%, 11/01/2014 144A		1,300,000		1,371,500
Dobson Communications Corp., 8.375%, 11/01/2011		1,500,000		1,591,875
Horizon PCS, Inc., 11.375%, 07/15/2012		2,200,000		2,453,000
Rural Cellular Corp.:
8.25%, 03/15/2012		5,750,000		6,023,125
9.75%, 01/15/2010		3,125,000		3,226,562
US Unwired, Inc., Ser. B, 10.00%, 06/15/2012		1,500,000		1,639,998
UbiquiTel, Inc., 9.875%, 03/01/2011		1,500,000		1,612,721



				28,252,387



UTILITIES 4.4%
Electric Utilities 1.9%
Mirant Americas Generation, LLC, 8.50%, 10/01/2021		3,000,000		3,060,000
Mirant North America, LLC, 7.375%, 12/31/2013		2,425,000		2,485,625
Reliant Energy, Inc.:
9.25%, 07/15/2010		3,000,000		3,165,000
9.50%, 07/15/2013		5,500,000		5,926,250



				14,636,875



Gas Utilities 0.5%
SEMCO Energy, Inc., 7.75%, 05/15/2013		4,000,000		4,083,804



Independent Power Producers & Energy Traders 2.0%
AES Corp., 9.00%, 05/15/2015 144A		6,800,000		7,310,000
Dynegy, Inc., 8.375%, 05/01/2016		8,000,000		8,500,000



				15,810,000



Total Corporate Bonds (cost $540,962,143)				546,390,412

EVERGREEN MANAGED INCOME FUND SCHEDULE OF INVESTMENTS continued



January 31, 2007 (unaudited)
	Principal Amount		Value



FOREIGN BONDS – CORPORATE (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED) 11.7%
CONSUMER DISCRETIONARY 0.5%
Auto Components 0.1%
TRW Automotive Holdings Corp., 10.125%, 02/15/2013 EUR	704,000	$	1,005,050



Media 0.1%
National Cable plc, 8.75%, 04/15/2014 EUR	740,000		1,037,192



Multi-line Retail 0.3%
Marks & Spencer Group plc, 6.375%, 11/07/2011 GBP	1,000,000		1,989,113



CONSUMER STAPLES 1.3%
Beverages 0.2%
Canandaigua Brands, Inc., 8.50%, 11/15/2009 GBP	750,000		1,555,834



Food & Staples Retailing 0.3%
Koninklijke Ahold NV, 5.875%, 03/14/2012 EUR	1,000,000		1,365,319
Tesco plc, 3.875%, 03/24/2011 EUR	620,000		793,108



			2,158,427



Tobacco 0.8%
British American Tobacco plc, 5.75%, 12/09/2013 GBP	3,140,000		6,074,319



ENERGY 0.1%
Oil, Gas & Consumable Fuels 0.1%
Transco plc, 7.00%, 12/15/2008 AUD	1,000,000		777,468



FINANCIALS 8.5%
Capital Markets 0.4%
Morgan Stanley, 5.375%, 11/14/2013 GBP	1,510,000		2,895,000



Commercial Banks 2.3%
Eurofima:
5.50%, 09/15/2009 AUD	2,400,000		1,819,349
6.50%, 08/22/2011 AUD	5,000,000		3,885,314
European Investment Bank:
4.00%, 04/15/2009 SEK	5,000,000		718,150
5.75%, 09/15/2009 AUD	5,470,000		4,180,493
Kreditanstalt für Wiederaufbau, 4.95%, 10/14/2014 CAD	3,750,000		3,283,348
Landwirtschaftliche Rentenbank, 6.00%, 09/15/2009 AUD	5,100,000		3,911,140
Rabobank Australia, Ltd., 6.25%, 11/22/2011 NZD	725,000		478,597



			18,276,391



Consumer Finance 1.5%
ABB International Finance, Ltd., 6.50%, 11/30/2011 EUR	2,360,000		3,329,906
General Electric Capital Corp., 5.25%, 12/10/2013 GBP	780,000		1,490,152
HSBC Finance Corp., 7.00%, 03/27/2012 GBP	370,000		761,012
KfW International Finance, Inc., 6.25%, 12/17/2007 NZD	9,160,000		6,192,089



			11,773,159



Diversified Financial Services 0.2%
Lighthouse Group plc, 8.00%, 04/30/2014 EUR	1,000,000		1,422,099



Insurance 0.6%
AIG SunAmerica, Inc., 5.625%, 02/01/2012 GBP	2,000,000		3,894,856
Travelers Insurance Co., 6.00%, 04/07/2009 AUD	1,000,000		763,636



			4,658,492



Thrifts & Mortgage Finance 3.5%
Nykredit, 5.00%, 10/01/2035 DKK	77,237,015		13,343,328
Realkredit Danmark AS, 4.00%, 10/01/2035 DKK	55,042,326		8,816,183
Totalkredit, FRN, 4.39%, 01/01/2015 DKK	31,746,801		5,618,829



			27,778,340

EVERGREEN MANAGED INCOME FUND SCHEDULE OF INVESTMENTS continued



January 31, 2007 (unaudited)
		Principal Amount		Value



FOREIGN BONDS – CORPORATE (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED) continued
INDUSTRIALS 0.3%
Machinery 0.3%
Harsco Corp., 7.25%, 10/27/2010 GBP		1,000,000	$	2,039,429
Savcio Holdings, Ltd., 8.00%, 02/15/2013 EUR		250,000		343,492



				2,382,921



INFORMATION TECHNOLOGY 0.3%
Office Electronics 0.3%
Xerox Corp., 9.75%, 01/15/2009 EUR		1,800,000		2,604,851



TELECOMMUNICATION SERVICES 0.7%
Diversified Telecommunication Services 0.7%
Deutsche Telekom AG, 6.25%, 12/09/2010 GBP		2,700,000		5,325,055



Total Foreign Bonds-Corporate (Principal Amount Denominated in Currency Indicated) (cost $90,188,393)				91,713,711



FOREIGN BONDS – GOVERNMENT (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED) 21.2%
Australia, 5.25%, 03/15/2019 AUD		18,050,000		13,164,367
Canada:
4.25%, 12/01/2026 CAD		11,749,280		13,945,546
4.40%, 03/08/2016 CAD		5,290,000		4,465,646
4.60%, 09/15/2011 CAD		4,915,000		4,231,125
5.00%, 06/01/2014 CAD		14,900,000		13,282,423
5.75%, 03/03/2008 CAD		5,000,000		3,357,185
Hong Kong, 4.23%, 03/21/2011 HKD		72,250,000		9,310,596
Hungary, 6.50%, 08/12/2008 HUF		1,585,000,000		7,846,007
Korea:
4.75%, 06/10/2009 KRW		5,570,000,000		5,879,074
5.25%, 09/10/2015 KRW		2,850,000,000		3,069,303
Mexico, 10.00%, 12/05/2024 MXN		83,950,000		9,055,616
New Zealand, 6.00%, 07/15/2008 NZD		6,780,000		4,601,614
Norway, 4.25%, 05/19/2017 NOK		90,900,000		14,214,253
Poland, 4.25%, 05/24/2011 PLN		24,530,000		7,963,986
Singapore, 3.625%, 07/01/2014 SGD		14,100,000		9,474,299
Sweden:
3.00%, 07/12/2016 SEK		95,830,000		12,673,993
5.50%, 10/08/2012 SEK		97,910,000		15,099,514
United Kingdom, 1.25%, 11/22/2017 GBP		7,920,320		14,791,123



Total Foreign Bonds-Government (Principal Amount Denominated in Currency Indicated) (cost $168,691,990)				166,425,670



U.S. TREASURY OBLIGATIONS 2.2%
U.S. Treasury Notes:
2.00%, 01/15/2016 ρ	$	8,936,576		8,651,374
4.625%, 11/15/2016 ρ		8,740,000		8,607,537



Total U.S. Treasury Obligations (cost $17,350,543)		.		17,258,911



YANKEE OBLIGATIONS – CORPORATE 5.3%
CONSUMER DISCRETIONARY 1.3%
Media 1.3%
IMAX Corp., 9.625%, 12/01/2010		6,000,000		5,520,000
National Cable plc, 9.125%, 08/15/2016		2,200,000		2,337,500
Quebecor World, Inc., 9.75%, 01/15/2015 144A		2,200,000		2,307,250



				10,164,750



ENERGY 0.2%
Oil, Gas & Consumable Fuels 0.2%
OPTI Canada, Inc., 8.25%, 12/15/2014 144A		1,500,000		1,575,000

EVERGREEN MANAGED INCOME FUND SCHEDULE OF INVESTMENTS continued



January 31, 2007 (unaudited)
		Principal Amount		Value



YANKEE OBLIGATIONS – CORPORATE continued
FINANCIALS 0.7%
Commercial Banks 0.2%
Kuznetski Capital SA, 7.34%, 05/13/2013	$	1,500,000	$	1,569,240



Diversified Financial Services 0.5%
Ship Finance International, Ltd., 8.50%, 12/15/2013		3,455,000		3,498,188



MATERIALS 1.1%
Chemicals 0.4%
Ineos Group Holdings plc, 8.50%, 02/15/2016 144A		3,250,000		3,128,125



Metals & Mining 0.7%
Novelis, Inc., 7.25%, 02/15/2015		5,300,000		5,459,000



TELECOMMUNICATION SERVICES 2.0%
Diversified Telecommunication Services 0.3%
Northern Telecom, Ltd., 6.875%, 09/01/2023		3,000,000		2,655,000



Wireless Telecommunication Services 1.7%
Intelsat, Ltd.:
9.25%, 06/15/2016 144A		5,750,000		6,339,375
11.25%, 06/15/2016 144A		3,000,000		3,405,000
Rogers Wireless, Inc., 9.625%, 05/01/2011		3,000,000		3,405,000



				13,149,375



Total Yankee Obligations-Corporate (cost $40,950,509)		.		41,198,678



DEBT OBLIGATIONS 0.7%
Blue Grass Energy Corp. Loan, FRN, 10.32%, 12/30/2013 (cost $5,200,000)		5,200,000		5,262,660



SHORT-TERM INVESTMENTS 2.9%
CORPORATE BONDS 0.0%
Metropolitan Life Global Funding, FRN, 5.31%, 02/29/2008 ρρ		250,000		250,000



REPURCHASE AGREEMENTS 0.5%
Bank of America Corp., 5.33%, dated 01/31/2007, maturing 02/01/2007, maturity value $3,536,607 ρρ *		3,536,083		3,536,083






		Shares		Value



MUTUAL FUND SHARES 2.4%
Evergreen Institutional Money Market Fund, Class I, 5.21% q ø		18,960,627		18,960,627



Total Short-Term Investments (cost $22,746,710)				22,746,710



Total Investments (cost $1,176,876,991) 150.8%				1,182,933,225
Other Assets and Liabilities and Preferred Shares (50.8%)				(398,401,721	)



Net Assets Applicable to Common Shareholders 100.0%			$	784,531,504

EVERGREEN MANAGED INCOME FUND SCHEDULE OF INVESTMENTS continued



January 31, 2007 (unaudited)

#	When-issued or delayed delivery security
##	All or a portion of this security has been segregated for when-issued or delayed delivery securities.
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.
o	Security is valued at fair value as determined by the investment advisor in good faith, according to procedures approved by the Board of Trustees.
ρ	All or a portion of this security is on loan.
ρρ	Represents investment of cash collateral received from securities on loan.
*	Collateralized by U.S. Government Agency Obligations at period end.
q	Rate shown is the 7-day annualized yield at period end.
ø	Evergreen Investment Management Company, LLC is the investment advisor to both the Fund and the money market fund.
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
KRW	Republic of Korea Won
MXN	Mexican Peso
NOK	Norwegian Krone
NZD	New Zealand Dollar
PLN	Polish Zloty
SEK	Swedish Krona
SGD	Singapore Dollar
TBA	To Be Announced

At January 31, 2007, the Fund had the following open interest rate swap agreement:

Expiration	Notional Amount	Counterparty	Cash Flows Paid by the Fund	Cash Flows Received by the Fund	Unrealized Gain



11/26/2008	$112,000,000	JPMorgan Chase & Co.	Fixed-3.582%	Floating-5.32%¹	$3,350,843

¹This rate represents the 1 month USD London InterBank Offered Rate (LIBOR) effective for the period of January 26, 2007 through February 26, 2007.

At January 31, 2007, 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, 2007	In Exchange For U.S.	Unrealized Loss



02/28/2007	28,841,249 EUR	$32,356,036	$32,665,000	$308,964

Forward Foreign Currency Exchange Contracts to Buy:

Exchange Date	Contracts to Receive	U.S. Value at January 31, 2007	In Exchange for	U.S. Value at January 31, 2007	Unrealized Loss



03/01/2007	6,081,431 EUR	$7,921,477	1,582,510,000 HUF	$8,007,431	$85,954
03/08/2007	11,435,641 EUR	14,900,141	17,641,534 CAD	14,971,229	71,088

On January 31, 2007, the aggregate cost of securities for federal income tax purposes was $1,176,690,676. The gross unrealized appreciation and depreciation on securities based on tax cost was $20,942,533 and $14,699,984, respectively, with a net unrealized appreciation of $6,242,549.

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 30, 2007

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 30, 2007

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

Date: March 30, 2007