Edgar Filing: EATON VANCE SENIOR INCOME TRUST

	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			811-09013
Eaton Vance Senior Income Trust
(Exact name of registrant as specified in charter)
The Eaton Vance Building, 255 State Street, Boston, Massachusetts				02109
(Address of principal executive offices)				(Zip code)

Alan R. Dynner, Esq. Eaton Vance Management, 255 State Street, Boston, Massachusetts 02109
(Name and address of agent for service)

Registrant's telephone number, including area code:			(617) 482-8260

Date of fiscal year end:	June 30

Date of reporting period:		March 31, 2005

Item 1. Schedule of Investments

Eaton Vance Senior Income Trust		as of March 31, 2005
PORTFOLIO OF INVESTMENTS (Unaudited)

Senior, Floating Rate Interests — 144.6% (1)

Principal Amount		Borrower/Tranche Description	Value

Aerospace and Defense — 2.2%
		DynCorp International, LLC
$	655,000	Term Loan, 6.06%, Maturing February 11, 2011	$	663,187
		Hexcel Corp.
285,000		Term Loan, 5.23%, Maturing March 1, 2012	289,364
		K&F Industries, Inc.
381,900		Term Loan, 5.33%, Maturing November 18, 2012	388,901
		Standard Aero Holdings, Inc.
1,153,046		Term Loan, 5.30%, Maturing August 24, 2012	1,171,423
		Transdigm, Inc.
1,980,000		Term Loan, 4.94%, Maturing July 22, 2010	2,013,721
		United Defense Industries, Inc.
1,519,277		Term Loan, 4.85%, Maturing June 30, 2009	1,522,441
		Vought Aircraft Industries, Inc.
1,132,329		Term Loan, 5.35%, Maturing December 17, 2011	1,150,730
			$	7,199,767

Air Transport — 0.6%
		United Airlines, Inc.
1,995,219		DIP Loan, 7.50%, Maturing June 30, 2005	2,013,509
			$	2,013,509

Automotive — 8.2%
		Accuride Corp.
1,573,775		Term Loan, 5.34%, Maturing January 31, 2012	1,590,742
		Affina Group, Inc.
334,163		Term Loan, 5.44%, Maturing November 30, 2011	339,133
		Collins & Aikman Products Co.
1,480,597		Revolving Loan, 6.34%, Maturing August 31, 2009	1,478,129

		CSA Acquisition Corp.
$	124,272	Term Loan, 4.75%, Maturing December 23, 2011	$	124,945
199,916		Term Loan, 4.75%, Maturing December 23, 2011	200,999
		Dayco Products, LLC
1,389,500		Term Loan, 6.24%, Maturing June 23, 2011	1,413,816
		Dura Operating Corp.
743,482		Term Loan, 5.35%, Maturing March 31, 2007	750,917
		Exide Technologies
474,826		Term Loan, 6.24%, Maturing May 5, 2010	478,387
474,826		Term Loan, 6.24%, Maturing May 5, 2010	480,168
		Federal-Mogul Corp.
1,500,000		Term Loan, 4.90%, Maturing February 24, 2005	1,410,234
750,000		Term Loan, 5.10%, Maturing February 24, 2005	703,711
763,183		Term Loan, 6.60%, Maturing February 24, 2005	767,953
		HLI Operating Co., Inc.
2,136,250		Term Loan, 6.57%, Maturing June 3, 2009	2,169,629
		Key Automotive Group
961,403		Term Loan, 5.74%, Maturing June 29, 2010	975,224
		Meridian Automotive Systems, Inc.
148,500		Term Loan, 6.84%, Maturing April 27, 2010	146,607
		Metaldyne Corp.
1,316,537		Term Loan, 7.06%, Maturing December 31, 2009	1,327,070
		Plastech Engineered Products, Inc.
479,310		Term Loan, 7.85%, Maturing March 31, 2010	476,839
		R.J. Tower Corp.
925,000		DIP Loan, 6.19%, Maturing February 2, 2007	947,933
		Tenneco Automotive, Inc.
1,386,841		Term Loan, 4.94%, Maturing December 12, 2010	1,415,733

		The Goodyear Tire & Rubber Co.
$	2,500,000	Term Loan, 6.56%, Maturing March 31, 2006	$	2,526,562
900,000		Term Loan, 9.25%, Maturing March 31, 2006	909,450
500,000		Term Loan, 0.00%, Maturing September 30, 2007	504,219
		TI Automotive, Ltd.
650,000		Term Loan, 6.03%, Maturing June 30, 2011	647,766
		Trimas Corp.
2,149,222		Term Loan, 6.19%, Maturing December 31, 2009	2,185,043
		TRW Automotive, Inc.
1,582,808		Term Loan, 4.38%, Maturing February 27, 2011	1,600,285
		United Components, Inc.
902,724		Term Loan, 5.29%, Maturing June 30, 2010	916,829
			$	26,488,323

Beverage and Tobacco — 2.0%
		Constellation Brands, Inc.
2,234,942		Term Loan, 4.99%, Maturing December 22, 2011	2,273,121
		Culligan International Co.
850,000		Term Loan, 5.27%, Maturing September 30, 2011	866,114
		DS Waters, L.P.
310,449		Term Loan, 7.49%, Maturing November 7, 2009	301,058
		Southern Wine & Spirits of America, Inc.
2,433,829		Term Loan, 5.35%, Maturing June 28, 2008	2,471,098
		Sunny Delight Beverages Co.
570,912		Term Loan, 6.83%, Maturing August 20, 2010	575,194
			$	6,486,585

Building and Development — 8.4%
		AGBRI Octagon
443,989		Term Loan, 4.97%, Maturing May 31, 2005	440,659
		DMB/CHII, LLC
442,504		Term Loan, 5.19%, Maturing March 3, 2009	443,610
		Formica Corp.
156,649		Term Loan, 7.75%, Maturing June 10, 2010	158,216

$	80,111	Term Loan, 7.76%, Maturing June 10, 2010	$	80,912
229,192		Term Loan, 7.76%, Maturing June 10, 2010	231,484
64,643		Term Loan, 7.76%, Maturing June 10, 2010	65,289
		FT-FIN Acquisition, LLC
686,462		Term Loan, 7.25%, Maturing November 17, 2007	688,178
		General Growth Properties, Inc.
4,714,405		Term Loan, 5.10%, Maturing November 12, 2008	4,799,316
		Landsource Communities, LLC
1,502,000		Term Loan, 5.38%, Maturing March 31, 2010	1,524,061
		LNR Property Corp.
2,335,000		Term Loan, 5.81%, Maturing February 3, 2008	2,369,661
		LNR Property Holdings
500,000		Term Loan, 7.31%, Maturing February 3, 2008	505,625
		MAAX Corp.
436,700		Term Loan, 5.50%, Maturing June 4, 2011	441,613
		Mueller Group, Inc.
1,179,528		Term Loan, 5.67%, Maturing April 23, 2011	1,193,534
		Newkirk Master, L.P.
1,124,570		Term Loan, 7.35%, Maturing November 24, 2006	1,141,438
		Newkirk Tender Holdings, LLC
911,305		Term Loan, 7.59%, Maturing May 25, 2006	918,140
1,111,111		Term Loan, 9.09%, Maturing May 25, 2006	1,119,444
		Nortek, Inc.
945,250		Term Loan, 5.59%, Maturing August 27, 2011	960,610
		Panolam Industries Holdings
531,926		Term Loan, 6.13%, Maturing June 3, 2011	539,240
641,167		Term Loan, 10.38%, Maturing December 3, 2011	656,395
		Ply Gem Industries, Inc.
96,622		Term Loan, 5.28%, Maturing February 12, 2011	97,951
375,000		Term Loan, 5.60%, Maturing February 12, 2011	380,156

$	658,028	Term Loan, 5.60%, Maturing February 12, 2011	$	667,075
		South Edge, LLC
328,125		Term Loan, 4.44%, Maturing October 31, 2007	330,176
421,875		Term Loan, 4.69%, Maturing October 31, 2009	426,885
		Sugarloaf Mills, LLC
1,200,000		Term Loan, 5.76%, Maturing April 7, 2008	1,200,000
		The Woodlands Community Property Co.
554,000		Term Loan, 4.94%, Maturing November 30, 2007	560,925
923,000		Term Loan, 6.94%, Maturing November 30, 2007	936,845
		Tousa/Kolter, LLC
962,000		Term Loan, 4.20%, Maturing January 7, 2008	966,810
		Tower Financing, LLC
1,500,000		Term Loan, 6.19%, Maturing July 9, 2008	1,501,875
		Whitehall Street Real Estate, L.P.
1,746,765		Term Loan, 6.60%, Maturing September 11, 2006 (2)	1,785,717
			$	27,131,840

Business Equipment and Services — 3.6%
		Allied Security Holdings, LLC
837,698		Term Loan, 7.35%, Maturing June 30, 2010	851,310
		Baker & Taylor, Inc.
1,700,000		Term Loan, 9.35%, Maturing May 6, 2011	1,721,250
		Global Imaging Systems, Inc.
487,579		Term Loan, 4.35%, Maturing May 10, 2010	492,150
		Info USA, Inc.
368,688		Term Loan, 5.75%, Maturing June 9, 2010	371,453
		Iron Mountain, Inc.
4,010,090		Term Loan, 4.69%, Maturing April 2, 2011	4,064,728
		Mitchell International, Inc.
453,152		Term Loan, 6.09%, Maturing August 13, 2011	461,365
744,997		Term Loan, 8.80%, Maturing August 13, 2012	765,484

		Quintiles Transnational Corp.
$	751,694	Term Loan, 4.84%, Maturing September 25, 2009	$	757,331
		Telcordia Technologies, Inc.
1,060,000		Term Loan, 5.58%, Maturing September 15, 2012	1,065,742
		Williams Scotsman, Inc.
989,796		Term Loan, 5.81%, Maturing December 31, 2006	1,003,406
			$	11,554,219

Cable and Satellite Television — 8.8%
		Adelphia Communications Corp.
1,820,000		DIP Loan, 5.38%, Maturing March 31, 2006	1,829,384
		Atlantic Broadband Finance, LLC
1,494,183		Term Loan, 5.70%, Maturing February 10, 2011	1,527,802
		Bragg Communication, Inc.
557,245		Term Loan, 5.39%, Maturing August 31, 2011	566,649
		Bresnan Communications, LLC
500,000		Term Loan, 6.46%, Maturing September 30, 2009	506,250
1,000,000		Term Loan, 6.32%, Maturing September 30, 2010	1,016,875
		Canadian Cable Acquisition Co., Inc.
1,004,950		Term Loan, 6.09%, Maturing July 30, 2011	1,018,455
		Cebridge Connections, Inc.
759,263		Term Loan, 6.11%, Maturing February 23, 2009	764,008
792,000		Term Loan, 8.79%, Maturing February 23, 2010	806,850
		Charter Communications Operating, LLC
7,190,650		Term Loan, 5.98%, Maturing April 27, 2011	7,235,268
		Insight Midwest Holdings, LLC
1,975,000		Term Loan, 5.75%, Maturing December 31, 2009	2,015,118
1,481,250		Term Loan, 5.75%, Maturing December 31, 2009	1,511,183
		Mediacom Broadband
843,625		Term Loan, 5.25%, Maturing September 30, 2010	861,816

		Mediacom Illinois, LLC
$	1,995,000	Term Loan, 5.00%, Maturing March 31, 2013	$	2,032,562
		NTL, Inc.
1,750,000		Term Loan, 5.20%, Maturing April 13, 2012	1,782,813
		PanAmSat Corp.
2,719,273		Term Loan, 5.75%, Maturing August 20, 2011	2,766,338
		UGS Corp.
398,000		Term Loan, 4.58%, Maturing May 27, 2011	405,960
		UPC Broadband Holdings B.V.
1,780,000		Term Loan, 5.75%, Maturing September 30, 2012	1,801,260
			$	28,448,591

Chemicals and Plastics — 6.5%
		Brenntag AG
1,275,000		Term Loan, 5.88%, Maturing December 9, 2011	1,296,915
		Gentek, Inc.
430,000		Term Loan, 8.56%, Maturing April 15, 2005	433,583
315,000		Term Loan, 5.81%, Maturing February 25, 2011	319,331
		Hercules, Inc.
495,000		Term Loan, 4.01%, Maturing October 8, 2010	502,271
		Huntsman International, LLC
2,083,123		Term Loan, 5.38%, Maturing December 31, 2010	2,127,390
		Huntsman, LLC
1,200,000		Term Loan, 5.88%, Maturing March 31, 2010	1,222,950
		Innophos, Inc.
507,693		Term Loan, 5.36%, Maturing August 13, 2010	516,895
		Invista B.V.
2,018,648		Term Loan, 5.88%, Maturing April 29, 2011	2,060,914
875,818		Term Loan, 5.88%, Maturing April 29, 2011	894,156
		ISP Chemco, Inc.
693,000		Term Loan, 4.74%, Maturing March 27, 2011	702,096
		Kraton Polymer
1,475,301		Term Loan, 5.78%, Maturing December 5, 2008	1,502,962

		Mosaic Co.
$	770,000	Term Loan, 4.46%, Maturing June 15, 2007	$	779,785
		Nalco Co.
3,329,426		Term Loan, 4.95%, Maturing November 4, 2010	3,399,251
		Niagara Acquisition, Inc.
265,000		Term Loan, 4.75%, Maturing February 11, 2012	269,720
		Resolution Specialty Materials
746,250		Term Loan, 5.56%, Maturing August 2, 2010	756,511
		Rockwood Specialties Group, Inc.
2,335,000		Term Loan, 4.95%, Maturing July 30, 2012	2,386,704
		Solo Cup Co.
1,356,860		Term Loan, 4.97%, Maturing February 27, 2011	1,378,569
		Wellman, Inc.
400,000		Term Loan, 6.74%, Maturing February 10, 2009	406,833
		Westlake Chemical Corp.
40,074		Term Loan, 5.22%, Maturing July 31, 2010	40,600
			$	20,997,436

Clothing/Textiles — 0.4%
		Propex Fabrics, Inc.
187,625		Term Loan, 5.04%, Maturing December 1, 2011	189,032
		SI Corp.
855,808		Term Loan, 7.10%, Maturing December 9, 2009	870,250
		St. John Knits International, Inc.
204,241		Term Loan, 2.64%, Maturing March 23, 2012	207,177
			$	1,266,459

Conglomerates — 3.1%
		Amsted Industries, Inc.
2,163,050		Term Loan, 5.51%, Maturing October 15, 2010	2,199,552
		Blount, Inc.
739,049		Term Loan, 5.31%, Maturing August 9, 2010	752,136

		Goodman Global Holdings, Inc.
$	643,388	Term Loan, 5.13%, Maturing December 23, 2011	$	655,250
		Johnson Diversey, Inc.
1,199,414		Term Loan, 5.00%, Maturing November 30, 2009	1,217,218
		Polymer Group, Inc.
1,173,294		Term Loan, 6.34%, Maturing April 27, 2010	1,199,204
1,250,000		Term Loan, 9.34%, Maturing April 27, 2011	1,281,250
		PP Acquisition Corp.
1,168,750		Term Loan, 5.35%, Maturing November 12, 2011	1,184,820
		Rexnord Corp.
1,575,521		Term Loan, 5.42%, Maturing November 30, 2009	1,595,215
			$	10,084,645

Containers and Glass Products — 8.7%
		Berry Plastics Corp.
2,139,317		Term Loan, 4.77%, Maturing July 22, 2010	2,179,429
		BWAY Corp.
325,500		Term Loan, 5.00%, Maturing June 30, 2011	330,654
		Celanese AG
2,132,012		Term Loan, 5.63%, Maturing April 6, 2011	2,179,650
		Consolidated Container Holding, LLC
645,125		Term Loan, 6.69%, Maturing December 15, 2008	653,592
		Dr. Pepper/Seven Up Bottling Group, Inc.
1,321,377		Term Loan, 4.22%, Maturing December 19, 2010	1,348,836
		Graham Packaging Holdings Co.
2,294,250		Term Loan, 5.23%, Maturing October 7, 2011	2,344,150
1,000,000		Term Loan, 7.31%, Maturing October 7, 2012	1,032,708
		Graphic Packaging International, Inc.
5,062,742		Term Loan, 5.15%, Maturing August 8, 2009	5,158,302
		IPG (US), Inc.
368,150		Term Loan, 4.98%, Maturing July 28, 2011	373,672

		Kranson Industries, Inc.
$	496,250	Term Loan, 5.85%, Maturing July 30, 2011	$	503,694
		Owens-Illinois, Inc.
486,733		Term Loan, 5.53%, Maturing April 1, 2007	495,250
394,214		Term Loan, 5.58%, Maturing April 1, 2008	401,951
		Printpack Holdings, Inc.
2,559,398		Term Loan, 5.13%, Maturing April 30, 2009	2,602,588
		Silgan Holdings, Inc.
3,814,568		Term Loan, 4.87%, Maturing December 31, 2008	3,871,787
		Smurfit-Stone Container Corp.
315,687		Term Loan, 2.10%, Maturing November 1, 2011	322,050
2,522,910		Term Loan, 4.78%, Maturing November 1, 2011	2,573,631
801,916		Term Loan, 4.88%, Maturing November 1, 2011	818,255
		U.S. Can Corp.
990,000		Term Loan, 6.60%, Maturing January 10, 2010	994,331
			$	28,184,530

Cosmetics/Toiletries — 0.6%
		American Safety Razor Co.
250,000		Term Loan, 5.71%, Maturing February 28, 2012	255,625
		Prestige Brands, Inc.
891,000		Term Loan, 5.38%, Maturing April 7, 2011	906,407
		Revlon Consumer Products Corp.
716,719		Term Loan, 8.91%, Maturing July 9, 2010	749,568
			$	1,911,600

Drugs — 0.9%
		Herbalife International, Inc.
304,238		Term Loan, 5.16%, Maturing December 21, 2010	309,752
		Warner Chilcott Corp.
628,857		Term Loan, 5.58%, Maturing January 18, 2012	636,168
290,514		Term Loan, 5.58%, Maturing January 18, 2012	293,892
1,560,629		Term Loan, 5.58%, Maturing January 18, 2012	1,578,771
			$	2,818,583

Ecological Services and Equipment — 3.0%
		Alderwoods Group, Inc.
$	380,049	Term Loan, 4.87%, Maturing September 29, 2009	$	386,225
		Allied Waste Industries, Inc.
993,341		Term Loan, 2.87%, Maturing January 15, 2010	993,341
2,682,020		Term Loan, 5.04%, Maturing January 15, 2012	2,682,020
		Casella Waste Systems, Inc.
1,617,000		Term Loan, 5.65%, Maturing January 24, 2010	1,635,697
		Envirocare of Utah, LLC
390,000		Term Loan, 5.79%, Maturing January 31, 2010	390,000
		Environmental Systems, Inc.
1,195,116		Term Loan, 6.28%, Maturing December 12, 2008	1,218,271
		IESI Corp.
441,176		Term Loan, 4.71%, Maturing January 20, 2012	448,345
		National Waterworks, Inc.
1,262,755		Term Loan, 5.60%, Maturing November 22, 2009	1,284,853
		Sensus Metering Systems, Inc.
426,087		Term Loan, 5.43%, Maturing December 17, 2010	431,058
63,913		Term Loan, 5.43%, Maturing December 17, 2010	64,659
			$	9,534,469

Electronics/Electrical — 4.0%
		AMI Semiconductor
492,500		Term Loan, 7.25%, Maturing September 30, 2008	498,862
		Communications & Power, Inc.
444,444		Term Loan, 5.14%, Maturing July 23, 2010	451,389
		Enersys Capital, Inc.
992,500		Term Loan, 4.99%, Maturing March 17, 2011	1,011,420
		Fairchild Semiconductor Corp.
1,473,806		Term Loan, 4.69%, Maturing June 19, 2008	1,491,308
663,338		Term Loan, 4.69%, Maturing December 31, 2010	674,117

		Invensys International Holding
$	2,326,015	Term Loan, 6.09%, Maturing September 5, 2009	$	2,369,628
		Memec Group, Ltd.
1,000,000		Term Loan, 11.06%, Maturing June 15, 2010	1,028,750
		Panavision, Inc.
1,058,580		Term Loan, 8.48%, Maturing January 12, 2007	1,083,059
		Rayovac Corp.
2,480,000		Term Loan, 4.68%, Maturing February 7, 2012	2,528,050
		Security Co., Inc.
496,250		Term Loan, 7.00%, Maturing June 28, 2010	504,934
500,000		Term Loan, 10.31%, Maturing June 28, 2011	510,000
		Vertafore, Inc.
269,325		Term Loan, 5.62%, Maturing December 22, 2010	273,028
500,000		Term Loan, 8.87%, Maturing December 22, 2011	509,063
			$	12,933,608

Equipment Leasing — 0.6%
		Ashtead Group, PLC
1,000,000		Term Loan, 5.31%, Maturing November 12, 2009	1,015,625
		United Rentals, Inc.
166,667		Term Loan, 2.25%, Maturing February 14, 2011	169,427
825,000		Term Loan, 5.10%, Maturing February 14, 2011	840,211
			$	2,025,263

Farming/Agriculture — 0.2%
		Central Garden & Pet Co.
786,745		Term Loan, 4.57%, Maturing May 19, 2009	795,596
			$	795,596

Financial Intermediaries — 2.8%
		AIMCO Properties, L.P.
2,350,000		Term Loan, 4.75%, Maturing November 2, 2009	2,397,000
		Coinstar, Inc.
310,994		Term Loan, 4.59%, Maturing July 7, 2011	316,825

		Corrections Corp. of America
$	582,311	Term Loan, 4.95%, Maturing March 31, 2008	$	591,045
		Fidelity National Information Solutions, Inc.
3,650,000		Term Loan, 4.51%, Maturing March 9, 2013	3,667,338
		Refco Group Ltd., LLC
1,881,475		Term Loan, 4.85%, Maturing August 5, 2011	1,905,876
			$	8,878,084

Food Products — 3.9%
		Acosta Sales Co., Inc.
522,375		Term Loan, 5.60%, Maturing August 13, 2010	530,374
		American Seafoods Holdings, LLC
292,075		Term Loan, 6.09%, Maturing September 30, 2007	292,623
744,752		Term Loan, 6.34%, Maturing March 31, 2009	756,622
		Atkins Nutritional, Inc.
414,404		Term Loan, 8.25%, Maturing November 26, 2009	290,601
		Del Monte Corp.
450,000		Term Loan, 4.27%, Maturing February 8, 2012	457,594
		Doane Pet Care Co.
1,074,600		Term Loan, 6.70%, Maturing November 5, 2009	1,094,077
		Interstate Brands Corp.
485,000		Term Loan, 6.77%, Maturing July 19, 2007	478,331
901,793		Term Loan, 7.05%, Maturing July 19, 2007	890,972
		Merisant Co.
1,470,564		Term Loan, 5.48%, Maturing January 31, 2010	1,471,483
		Michael Foods, Inc.
919,293		Term Loan, 5.07%, Maturing November 20, 2010	936,817
1,000,000		Term Loan, 6.59%, Maturing November 20, 2011	1,030,000
		National Dairy Holdings, L.P.
160,000		Term Loan, 4.83%, Maturing March 15, 2012	162,800

		Pinnacle Foods Holdings Corp.
$	3,216,880	Term Loan, 5.81%, Maturing November 25, 2010	$	3,258,599
		Reddy Ice Group, Inc.
985,000		Term Loan, 5.35%, Maturing July 31, 2009	990,849
			$	12,641,742

Food Service — 3.5%
		AFC Enterprises, Inc.
916,696		Term Loan, 7.75%, Maturing May 23, 2009	926,150
		Buffets, Inc.
1,125,839		Term Loan, 6.27%, Maturing June 28, 2009	1,135,220
209,091		Term Loan, 6.59%, Maturing June 28, 2009	210,833
		Carrols Corp.
793,013		Term Loan, 5.38%, Maturing May 31, 2010	809,533
		CKE Restaurants, Inc.
255,621		Term Loan, 5.31%, Maturing May 1, 2010	261,372
		Denny’s, Inc.
1,246,878		Term Loan, 6.21%, Maturing September 21, 2009	1,279,608
		Domino’s, Inc.
3,136,341		Term Loan, 4.88%, Maturing June 25, 2010	3,191,227
		Gate Gourmet Borrower, LLC
1,230,000		Term Loan, 9.51%, Maturing December 31, 2008	1,205,016
		Jack in the Box, Inc.
742,500		Term Loan, 4.80%, Maturing January 8, 2011	754,566
		Maine Beverage Co., LLC
446,429		Term Loan, 6.22%, Maturing June 30, 2010	448,661
		Ruth Chris Steak House, Inc.
419,762		Term Loan, 6.00%, Maturing March 11, 2011	425,009
		Weight Watchers International, Inc.
497,500		Term Loan, 4.16%, Maturing March 31, 2010	503,926
			$	11,151,121

Food/Drug Retailers — 3.0%
		Cumberland Farms, Inc.
2,335,092		Term Loan, 5.58%, Maturing September 8, 2008	2,354,065

		General Nutrition Centers, Inc.
$	341,297	Term Loan, 5.86%, Maturing December 5, 2009	$	346,416
		Giant Eagle, Inc.
2,834,149		Term Loan, 4.66%, Maturing August 6, 2009	2,883,746
		Roundy’s, Inc.
1,187,500		Term Loan, 4.84%, Maturing June 6, 2009	1,200,117
		The Jean Coutu Group (PJC), Inc.
1,916,622		Term Loan, 5.00%, Maturing July 30, 2011	1,956,902
		The Pantry, Inc.
1,061,076		Term Loan, 5.10%, Maturing March 12, 2011	1,082,630
			$	9,823,876

Forest Products — 1.3%
		Boise Cascade Holdings, LLC
2,173,265		Term Loan, 5.13%, Maturing September 29, 2010	2,216,730
		Buckeye Technologies, Inc.
193,951		Term Loan, 4.86%, Maturing April 15, 2010	197,184
		Koch Cellulose, LLC
286,936		Term Loan, 4.44%, Maturing May 7, 2011	291,778
936,258		Term Loan, 5.34%, Maturing May 7, 2011	952,058
		RLC Industries Co.
585,964		Term Loan, 4.59%, Maturing February 24, 2010	588,162
			$	4,245,912

Healthcare — 8.7%
		Accredo Health, Inc.
972,125		Term Loan, 4.60%, Maturing April 30, 2011	977,593
		Alliance Imaging, Inc.
1,204,361		Term Loan, 5.10%, Maturing June 10, 2008	1,225,062
		AMN Healthcare, Inc.
346,182		Term Loan, 6.10%, Maturing October 2, 2008	350,293

		AMR HoldCo, Inc.
$	895,000	Term Loan, 5.35%, Maturing February 10, 2012	$	909,544
		Ardent Health Services, Inc.
572,125		Term Loan, 5.25%, Maturing July 12, 2011	573,377
		Colgate Medical, Ltd.
312,500		Term Loan, 5.09%, Maturing December 30, 2008	317,285
		Community Health Systems, Inc.
3,421,556		Term Loan, 4.64%, Maturing August 19, 2011	3,474,406
		Concentra Operating Corp.
982,575		Term Loan, 5.17%, Maturing June 30, 2009	997,723
		Conmed Corp.
1,099,899		Term Loan, 5.02%, Maturing December 31, 2007	1,113,648
		Cross Country Healthcare, Inc.
306,517		Term Loan, 6.12%, Maturing June 5, 2009	309,582
		DJ Orthopedics, Inc.
949,367		Term Loan, 5.04%, Maturing May 15, 2009	967,761
		Encore Medical IHC, Inc.
839,375		Term Loan, 5.77%, Maturing October 4, 2010	853,539
		Envision Worldwide, Inc.
696,111		Term Loan, 7.68%, Maturing September 30, 2010	703,072
		FHC Health Systems, Inc.
348,214		Term Loan, 8.91%, Maturing December 18, 2009	354,308
243,750		Term Loan, 11.91%, Maturing December 18, 2009	246,797
750,000		Term Loan, 11.77%, Maturing February 7, 2011	768,750
		Hanger Orthopedic Group, Inc.
989,949		Term Loan, 6.59%, Maturing September 30, 2009	1,001,086
		Healthcare Partners, LLC
205,000		Term Loan, 6.75%, Maturing March 2, 2011	208,459
		Healthsouth Corp.
495,000		Term Loan, 7.25%, Maturing June 14, 2007	499,796
140,000		Term Loan, 2.85%, Maturing March 21, 2010	141,466

		Kinetic Concepts, Inc.
$	283,958	Term Loan, 4.85%, Maturing October 3, 2009	$	287,863
		Knowledge Learning Corp.
1,515,630		Term Loan, 5.35%, Maturing January 7, 2012	1,532,681
		Leiner Health Products, Inc.
530,988		Term Loan, 6.38%, Maturing May 27, 2011	540,944
		Magellan Health Services, Inc.
457,958		Term Loan, 5.03%, Maturing August 15, 2008	465,400
727,008		Term Loan, 5.26%, Maturing August 15, 2008	738,822
		Medcath Holdings Corp.
248,750		Term Loan, 5.12%, Maturing July 2, 2011	252,870
		National Mentor, Inc.
920,375		Term Loan, 6.02%, Maturing September 30, 2011	936,770
		Rural/Metro Operating Co., LLC
50,441		Term Loan, 5.25%, Maturing March 4, 2011	51,229
194,559		Term Loan, 5.43%, Maturing March 4, 2011	197,599
		Select Medical Holding Corp.
775,000		Term Loan, 4.63%, Maturing February 24, 2012	780,522
		Sunrise Medical Holdings, Inc.
504,900		Term Loan, 6.13%, Maturing May 13, 2010	510,580
		Sybron Dental Management, Inc.
754,601		Term Loan, 4.68%, Maturing June 6, 2009	759,435
		Team Health, Inc.
1,119,000		Term Loan, 6.56%, Maturing March 23, 2011	1,121,798
		Triad Hospitals Holdings, Inc.
1,445,632		Term Loan, 5.10%, Maturing March 31, 2008	1,472,035
		Vanguard Health Holding Co., LLC
1,654,181		Term Loan, 6.34%, Maturing September 23, 2011	1,688,557
		VWR International, Inc.
617,850		Term Loan, 5.17%, Maturing April 7, 2011	629,757
			$	27,960,409

Home Furnishings — 3.1%
		General Binding Corp.
$	436,000	Term Loan, 6.97%, Maturing January 15, 2008	$	436,818
		Interline Brands, Inc.
1,532,720		Term Loan, 5.34%, Maturing December 31, 2010	1,551,879
		Jarden Corp.
1,396,500		Term Loan, 5.09%, Maturing January 24, 2012	1,416,575
		Juno Lighting, Inc.
394,568		Term Loan, 5.37%, Maturing November 21, 2010	402,460
		Knoll, Inc.
1,575,200		Term Loan, 5.95%, Maturing September 30, 2011	1,595,875
		Sealy Mattress Co.
1,465,619		Term Loan, 4.88%, Maturing April 6, 2012	1,496,152
		Simmons Co.
1,950,744		Term Loan, 5.63%, Maturing December 19, 2011	1,987,320
		Termpur-Pedic, Inc.
982,500		Term Loan, 5.34%, Maturing June 30, 2009	991,711
			$	9,878,790

Industrial Equipment — 1.9%
		Alliance Laundry Holdings, LLC
277,200		Term Loan, 4.97%, Maturing January 27, 2012	280,781
		Bucyrus International, Inc.
101,000		Term Loan, 4.72%, Maturing July 28, 2010	103,020
		Chart Industries, Inc.
1,065,936		Term Loan, 6.63%, Maturing September 15, 2009	1,073,930
		Colfax Corp.
600,863		Term Loan, 5.38%, Maturing November 30, 2011	609,625
		Flowserve Corp.
1,129,339		Term Loan, 5.84%, Maturing June 30, 2009	1,151,220
		Gleason Corp.
271,514		Term Loan, 5.60%, Maturing July 27, 2011	276,265
750,000		Term Loan, 8.10%, Maturing January 31, 2012	766,875

		Itron, Inc.
$	700,608	Term Loan, 5.39%, Maturing December 17, 2010	$	709,074
		Maxim Crane Works, L.P.
475,000		Term Loan, 5.80%, Maturing January 28, 2010	485,094
510,000		Term Loan, 8.56%, Maturing January 28, 2012	528,806
			$	5,984,690

Insurance — 3.1%
		Alliant Resources Group, Inc.
992,500		Term Loan, 6.88%, Maturing August 31, 2011	997,463
		CCC Information Services Group
1,033,811		Term Loan, 5.85%, Maturing August 20, 2010	1,046,733
		Conseco, Inc.
2,876,702		Term Loan, 6.35%, Maturing June 22, 2010	2,934,236
		Hilb, Rogal & Hobbs Co.
3,318,857		Term Loan, 5.38%, Maturing December 15, 2011	3,377,976
		U.S.I. Holdings Corp.
985,000		Term Loan, 5.23%, Maturing August 11, 2007	990,233
670,000		Term Loan, 5.27%, Maturing August 11, 2008	673,560
			$	10,020,201

Leisure Goods/Activities/Movies — 6.7%
		Alliance Atlantis Communications, Inc.
339,000		Term Loan, 4.61%, Maturing December 31, 2011	344,721
		AMF Bowling Worldwide, Inc.
350,056		Term Loan, 5.89%, Maturing August 27, 2009	352,791
		Cinemark, Inc.
1,980,000		Term Loan, 4.35%, Maturing March 31, 2011	2,022,695
		Hollywood Entertainment Corp.
625,000		Term Loan, 6.35%, Maturing March 31, 2008	627,734
		Loews Cineplex Entertainment Corp.
2,073,007		Term Loan, 4.90%, Maturing July 30, 2011	2,111,715

		Metro-Goldwyn-Mayer Studios, Inc.
$	4,477,500	Term Loan, 5.35%, Maturing April 30, 2011	$	4,487,995
		Regal Cinemas Corp.
4,463,650		Term Loan, 5.09%, Maturing November 10, 2010	4,546,545
		Six Flags Theme Parks, Inc.
337,500		Revolving Loan, 2.37%, Maturing June 30, 2008	331,594
2,246,630		Term Loan, 5.25%, Maturing June 30, 2009	2,285,245
		Universal City Development Partners, Ltd.
1,007,475		Term Loan, 4.73%, Maturing June 9, 2011	1,025,106
		WMG Acquisition Corp.
3,366,000		Term Loan, 5.21%, Maturing February 28, 2011	3,397,206
			$	21,533,347

Lodging and Casinos — 4.5%
		Alliance Gaming Corp.
1,696,174		Term Loan, 5.65%, Maturing September 5, 2009	1,706,775
		Ameristar Casinos, Inc.
294,255		Term Loan, 5.06%, Maturing December 31, 2006	299,098
1,176,214		Term Loan, 5.06%, Maturing December 31, 2006	1,196,063
		Argosy Gaming Co.
1,144,250		Term Loan, 4.85%, Maturing June 30, 2011	1,153,309
		CNL Hospitality Partners, L.P.
528,528		Term Loan, 5.25%, Maturing October 13, 2006	538,438
		CNL Resort Hotel, L.P.
850,000		Term Loan, 5.34%, Maturing August 18, 2006	850,000
		Globalcash Access, LLC
285,048		Term Loan, 5.60%, Maturing March 10, 2010	290,036
		Isle of Capri Casinos, Inc.
1,211,963		Term Loan, 4.53%, Maturing February 4, 2012	1,230,445
		Marina District Finance Co., Inc.
1,471,313		Term Loan, 4.99%, Maturing October 14, 2011	1,491,237

		Penn National Gaming, Inc.
$	400,127	Term Loan, 5.55%, Maturing July 31, 2006	$	402,128
		Pinnacle Entertainment, Inc.
735,000		Term Loan, 5.85%, Maturing August 27, 2010	748,322
		Seminole Tribe of Florida
350,000		Term Loan, 4.88%, Maturing September 30, 2011	354,594
		Venetian Casino Resort, LLC
2,031,035		Term Loan, 4.81%, Maturing June 15, 2011	2,058,708
		Wyndham International, Inc.
1,524,417		Term Loan, 7.56%, Maturing June 30, 2006	1,531,245
		Wynn Las Vegas, LLC
665,000		Term Loan, 4.98%, Maturing December 14, 2011	677,572
			$	14,527,970

Nonferrous Metals/Minerals — 2.3%
		Compass Minerals Group, Inc.
395,099		Term Loan, 5.60%, Maturing November 28, 2009	400,778
		Consol Energy, Inc.
740,000		Term Loan, 5.19%, Maturing June 30, 2010	740,232
		Foundation Coal Corp.
778,191		Term Loan, 5.03%, Maturing July 30, 2011	792,004
		ICG, LLC
473,813		Term Loan, 5.36%, Maturing November 5, 2010	482,104
		International Mill Service, Inc.
249,375		Term Loan, 5.35%, Maturing December 31, 2010	253,427
1,000,000		Term Loan, 8.60%, Maturing October 26, 2011	1,017,500
		Magnequench, Inc.
435,466		Term Loan, 10.27%, Maturing September 30, 2009	440,365
500,000		Term Loan, 13.77%, Maturing December 31, 2009	505,625
		Novelis, Inc.
649,558		Term Loan, 4.50%, Maturing January 6, 2012	660,885
1,126,212		Term Loan, 4.50%, Maturing January 6, 2012	1,146,061

		Stillwater Mining Co.
$	936,949	Term Loan, 6.23%, Maturing June 30, 2007	$	958,031
			$	7,397,012

Oil and Gas — 6.0%
		Beldon & Blake Corp.
445,257		Term Loan, 5.05%, Maturing July 21, 2011	452,492
		Dresser Rand Group, Inc.
444,431		Term Loan, 5.35%, Maturing October 29, 2011	452,765
		Dresser, Inc.
254,878		Term Loan, 5.60%, Maturing April 10, 2009	260,294
		Dynegy Holdings, Inc.
2,630,125		Term Loan, 6.72%, Maturing May 28, 2010	2,688,482
		El Paso Corp.
1,071,750		Term Loan, 5.27%, Maturing November 23, 2009	1,086,487
2,269,952		Term Loan, 5.63%, Maturing November 23, 2009	2,304,712
		Getty Petroleum Marketing, Inc.
1,520,000		Term Loan, 6.36%, Maturing May 19, 2010	1,547,550
		LB Pacific, L.P.
545,000		Term Loan, 6.01%, Maturing March 3, 2012	555,559
		Lyondell-Citgo Refining, L.P.
942,875		Term Loan, 4.59%, Maturing May 21, 2007	957,607
		Magellan Midstream Holdings, L.P.
1,349,928		Term Loan, 5.09%, Maturing December 10, 2011	1,373,552
		Mainline, L.P.
800,000		Term Loan, 5.43%, Maturing December 17, 2011	810,000
		Semgroup, L.P.
267,692		Term Loan, 7.50%, Maturing August 27, 2008	270,871
312,308		Term Loan, 7.50%, Maturing August 27, 2008	316,016
		Sprague Energy Corp.
514,286		Revolving Loan, 2.48%, Maturing August 10, 2007	513,000

		The Premcor Refining Group, Inc.
$	2,000,000	Term Loan, 4.44%, Maturing April 13, 2009	$	2,027,500
		Universal Compression, Inc.
555,000		Term Loan, 4.85%, Maturing February 15, 2012	563,758
		Williams Production RMT Co.
2,952,637		Term Loan, 5.31%, Maturing May 30, 2007	3,004,309
			$	19,184,954

Publishing — 9.2%
		Advanstar Communications, Inc.
243,714		Term Loan, 7.35%, Maturing November 17, 2007	245,491
		Advertising Directory Solution
1,371,563		Term Loan, 6.60%, Maturing May 9, 2010	1,405,137
723,248		Term Loan, 4.85%, Maturing November 9, 2011	726,035
		ALM Media Holdings, Inc.
714,717		Term Loan, 6.21%, Maturing March 4, 2010	722,310
		American Media Operations, Inc.
116,116		Term Loan, 5.56%, Maturing April 1, 2006	115,971
1,098,681		Term Loan, 5.31%, Maturing April 1, 2007	1,116,878
873,909		Term Loan, 5.31%, Maturing April 1, 2008	888,657
		CBD Media, LLC
500,000		Term Loan, 5.09%, Maturing December 31, 2009	507,396
		Dex Media East, LLC
1,366,083		Term Loan, 4.69%, Maturing November 8, 2008	1,387,428
1,631,864		Term Loan, 4.62%, Maturing May 8, 2009	1,661,017
		Dex Media West, LLC
658,904		Term Loan, 4.91%, Maturing September 9, 2009	669,291
2,099,087		Term Loan, 4.66%, Maturing March 9, 2010	2,136,039
		Freedom Communications
1,425,000		Term Loan, 4.60%, Maturing May 18, 2012	1,451,006

		Herald Media, Inc.
$	148,875	Term Loan, 5.56%, Maturing July 22, 2011	$	151,620
500,000		Term Loan, 8.56%, Maturing January 22, 2012	509,688
		Lamar Media Corp.
2,493,750		Term Loan, 4.53%, Maturing June 30, 2010	2,526,869
		Liberty Group Operating, Inc.
725,000		Term Loan, 6.75%, Maturing February 28, 2012	736,328
		Merrill Communications, LLC
696,565		Term Loan, 5.22%, Maturing February 9, 2009	706,361
		Morris Publishing Group, LLC
790,000		Term Loan, 4.63%, Maturing September 30, 2010	796,666
1,197,000		Term Loan, 4.88%, Maturing March 31, 2011	1,213,833
		Nebraska Book Co., Inc.
480,150		Term Loan, 5.88%, Maturing March 4, 2011	487,952
		R.H. Donnelley Corp.
134,799		Term Loan, 4.68%, Maturing December 31, 2009	136,350
2,800,188		Term Loan, 4.73%, Maturing June 30, 2010	2,851,101
		Source Media, Inc.
248,471		Term Loan, 5.34%, Maturing November 8, 2011	252,353
250,000		Term Loan, 8.46%, Maturing August 30, 2012	255,391
		SP Newsprint Co.
969,921		Term Loan, 5.59%, Maturing January 9, 2010	990,532
516,316		Term Loan, 5.85%, Maturing January 9, 2010	525,351
		Sun Media Corp.
2,396,087		Term Loan, 4.73%, Maturing February 7, 2009	2,435,522
		Transwestern Publishing Co., LLC
396,563		Term Loan, 4.52%, Maturing February 25, 2011	398,545
792,002		Term Loan, 7.50%, Maturing February 25, 2011	801,571
		Weekly Reader Corp.
750,000		Term Loan, 6.76%, Maturing March 18, 2009	751,406
			$	29,560,095

Radio and Television — 4.9%
		Adams Outdoor Advertising, L.P.
$	300,000	Term Loan, 6.17%, Maturing April 15, 2012	$	304,969
		Block Communications, Inc.
925,157		Term Loan, 5.35%, Maturing November 30, 2009	933,830
		CanWest Media, Inc.
1,998,142		Term Loan, 5.04%, Maturing August 15, 2009	2,029,363
		DirecTV Holdings, LLC
3,270,303		Term Loan, 4.56%, Maturing March 6, 2010	3,281,340
		Gray Television, Inc.
997,500		Term Loan, 4.35%, Maturing December 31, 2010	1,012,047
		NEP Supershooters, L.P.
534,505		Term Loan, 10.85%, Maturing August 3, 2011	530,496
		Nexstar Broadcasting, Inc.
670,846		Term Loan, 6.35%, Maturing December 31, 2010	674,200
366,317		Term Loan, 6.50%, Maturing December 31, 2010	368,149
		Rainbow National Services, LLC
1,488,680		Term Loan, 5.69%, Maturing March 31, 2012	1,512,561
		Raycom National, LLC
1,200,000		Term Loan, 4.56%, Maturing February 24, 2012	1,218,000
		Spanish Broadcasting System
1,246,843		Term Loan, 6.10%, Maturing October 31, 2009	1,267,105
		Susquehanna Media Co.
2,650,000		Term Loan, 5.17%, Maturing March 31, 2012	2,699,688
			$	15,831,748

Rail Industries — 0.4%
		Kansas City Southern Industries, Inc.
369,075		Term Loan, 4.53%, Maturing March 30, 2008	375,488
		Railamerica, Inc.
685,289		Term Loan, 4.88%, Maturing September 29, 2011	699,280

$	81,009	Term Loan, 4.88%, Maturing September 29, 2011	$	82,646
			$	1,157,414
Retailers (Except Food and Drug) — 5.2%
		American Achievement Corp.
	314,938	Term Loan, 5.25%, Maturing March 25, 2011		320,056
		Amscan Holdings, Inc.
496,250		Term Loan, 5.61%, Maturing April 30, 2012	500,592
		Coinmach Laundry Corp.
3,781,523		Term Loan, 5.77%, Maturing July 25, 2009	3,833,519
		CSK Auto, Inc.
1,980,000		Term Loan, 4.85%, Maturing June 20, 2009	2,002,275
		FTD, Inc.
465,588		Term Loan, 5.11%, Maturing February 28, 2011	473,736
		Harbor Freight Tools USA, Inc.
995,000		Term Loan, 5.04%, Maturing July 15, 2010	1,004,079
		Home Interiors & Gifts, Inc.
681,969		Term Loan, 8.38%, Maturing March 31, 2011	660,487
		Josten’s Corp.
2,347,400		Term Loan, 5.19%, Maturing December 6, 2011	2,388,235
		Musicland Group, Inc.
342,264		Revolving Loan, 2.48%, Maturing August 11, 2008	343,119
		Oriental Trading Co., Inc.
1,804,749		Term Loan, 5.38%, Maturing August 4, 2010	1,838,588
		Rent-A-Center, Inc.
1,278,440		Term Loan, 4.46%, Maturing June 30, 2010	1,298,255
		Savers, Inc.
365,665		Term Loan, 6.77%, Maturing August 4, 2009	368,636
500,000		Term Loan, 10.48%, Maturing August 4, 2010	506,250
		Travelcenters of Ameria, Inc.
1,061,000		Term Loan, 4.51%, Maturing October 1, 2008	1,073,599
			$	16,611,426

Surface Transport — 0.8%

		Horizon Lines, LLC
$	248,125	Term Loan, 5.60%, Maturing July 7, 2011	$	250,813
		NFIL Holdings Corp.
328,188		Term Loan, 4.40%, Maturing February 27, 2010	333,931
892,713		Term Loan, 4.91%, Maturing February 27, 2010	906,103
		Sirva Worldwide, Inc.
1,197,059		Term Loan, 5.17%, Maturing December 31, 2010	1,181,347
			$	2,672,194

Telecommunications — 8.3%
		Alaska Communications Systems Holdings, Inc.
530,000		Term Loan, 5.09%, Maturing February 1, 2012	539,026
		American Tower, L.P.
1,339,875		Term Loan, 4.23%, Maturing August 31, 2011	1,360,287
		Cellular South, Inc.
347,375		Term Loan, 4.74%, Maturing May 4, 2011	353,346
		Centennial Cellular Operating Co., LLC
1,980,000		Term Loan, 5.46%, Maturing February 9, 2011	2,018,208
		Consolidated Communications, Inc.
1,486,656		Term Loan, 5.34%, Maturing October 14, 2011	1,501,522
		D&E Communications, Inc.
469,025		Term Loan, 4.92%, Maturing December 31, 2011	474,888
		Fairpoint Communications, Inc.
1,130,000		Term Loan, 5.15%, Maturing February 8, 2012	1,148,363
		Iowa Telecommunications Service
334,000		Term Loan, 5.08%, Maturing November 23, 2005	339,288
		Nextel Partners Operation Corp.
1,325,000		Term Loan, 5.44%, Maturing May 31, 2011	1,346,946

		nTelos, Inc.
$	648,375	Term Loan, 5.35%, Maturing February 18, 2011	$	654,319
		Qwest Corp.
5,000,000		Term Loan, 7.39%, Maturing June 4, 2007	5,180,080
		SBA Senior Finance, Inc.
1,956,568		Term Loan, 5.96%, Maturing October 31, 2008	1,995,699
		Spectrasite Communications, Inc.
1,222,935		Term Loan, 4.52%, Maturing May 23, 2012	1,239,113
		Stratos Global Corp.
805,000		Term Loan, 5.34%, Maturing December 3, 2010	817,578
		Triton PCS, Inc.
827,925		Term Loan, 6.10%, Maturing November 18, 2009	845,104
		USA Mobility, Inc.
156,989		Term Loan, 5.33%, Maturing November 16, 2006	158,167
		Valor Telecom Enterprise, LLC
1,236,700		Term Loan, 6.24%, Maturing February 14, 2012	1,256,796
		Viasystems, Inc.
997,500		Term Loan, 6.49%, Maturing September 30, 2009	1,007,682
		Westcom Corp.
475,000		Term Loan, 5.41%, Maturing December 17, 2010	483,016
600,000		Term Loan, 9.66%, Maturing May 17, 2011	624,000
		Western Wireless Corp.
3,326,119		Term Loan, 5.72%, Maturing May 28, 2011	3,349,678
		Winstar Communications, Inc.
169,348		DIP Loan, 0.00%, Maturing December 31, 2005 (2) (3)	61,609
			$	26,754,715

Utilities — 3.2%
		Allegheny Energy Supply Co., LLC
1,835,931		Term Loan, 5.11%, Maturing October 28, 2011	1,863,470
		Coleto Creek WLE, L.P.
906,820		Term Loan, 5.10%, Maturing June 30, 2011	927,601

		KGen, LLC
$	480,000	Term Loan, 5.64%, Maturing August 5, 2011	$	483,600
		Murray Energy Corp.
750,000		Term Loan, 5.94%, Maturing January 28, 2010	763,125
		NRG Energy, Inc.
865,427		Term Loan, 4.33%, Maturing December 20, 2011	879,923
1,097,962		Term Loan, 5.25%, Maturing December 20, 2011	1,116,353
		Pike Electric, Inc.
260,000		Term Loan, 5.00%, Maturing July 1, 2012	264,631
444,000		Term Loan, 5.06%, Maturing July 1, 2012	451,215
		Plains Resources, Inc.
1,006,686		Term Loan, 4.72%, Maturing July 23, 2010	1,020,843
		Reliant Energy, Inc.
1,265,000		Term Loan, 6.02%, Maturing December 22, 2010	1,282,055
		Texas Genco, LLC
1,150,044		Term Loan, 5.01%, Maturing December 14, 2011	1,167,294
			$	10,220,110

Total Senior, Floating Rate Interests
(identified cost $460,404,800)			$	465,910,833

Corporate Bonds & Notes — 14.6%

Principal
Amount
(000’s omitted)		Security

Aerospace and Defense — 0.2%
		Argo Tech Corp., Sr. Notes
300		9.25%, 6/1/11	324,000
		BE Aerospace, Sr. Sub. Notes, Series B
35		8.00%, 3/1/08	34,912
		Sequa Corp.
300		8.875%, 4/1/08	316,500
		Standard Aero Holdings, Inc., Sr. Sub. Notes
15		8.25%, 9/1/14 (4)	15,600
			$	691,012

Air Transport — 0.4%
		American Airlines
$	895	7.80%, 10/1/06	$	819,983
15		8.608%, 4/1/11	13,835
20		7.858%, 10/1/11	20,444
		Continental Airlines
294		7.033%, 6/15/11	248,831
		Delta Air Lines
6		7.779%, 11/18/05	4,477
69		9.50%, 11/18/08 (4)	56,925
		Northwest Airlines, Inc.
25		8.875%, 6/1/06	21,250
			$	1,185,745

Automotive — 0.4%
		Altra Industrial Motion
35		9.00%, 12/1/11 (4)	34,825
		Delphi Auto Systems Corp.
105		6.55%, 6/15/06	103,247
		Keystone Automotive Operations, Inc., Sr. Sub. Notes
470		9.75%, 11/1/13	474,700
		Metaldyne Corp.
30		11.00%, 6/15/12	24,450
		Metaldyne Corp., Sr. Notes
105		10.00%, 11/1/13 (4)	96,075
		Tenneco Automotive, Inc., Sr. Notes, Series B
230		10.25%, 7/15/13	257,600
		Tenneco Automotive, Inc., Sr. Sub. Notes
140		8.625%, 11/15/14 (4)	136,850
		TRW Automotive, Inc., Sr. Sub. Notes
65		11.00%, 2/15/13	73,125
		United Components, Inc., Sr. Sub. Notes
65		9.375%, 6/15/13	65,162
			$	1,266,034

Building and Development — 0.2%
		Coleman Cable, Inc., Sr. Notes
60		9.875%, 10/1/12 (4)	61,500

		MAAX Corp., Sr. Sub. Notes
$	65	9.75%, 6/15/12	$	66,625
		Mueller Group, Inc., Sr. Sub. Notes
185		10.00%, 4/25/11	200,725
		Mueller Holdings, Inc., Disc. Notes
105		14.75%, 4/15/14	72,975
		Owens Corning
10		7.70%, 5/1/08 (3)	6,650
		Ply Gem Industries, Inc., Sr. Sub. Notes
120		9.00%, 2/15/12	114,000
		RMCC Acquisition Co., Sr. Sub. Notes
180		9.50%, 11/1/12 (4)	177,300
			$	699,775

Business Equipment and Services — 0.2%
		Amerco, Inc.
180		9.00%, 3/15/09	189,900
		Quintiles Transnational Corp., Sr. Sub. Notes
260		10.00%, 10/1/13	293,800
		Williams Scotsman, Inc., Sr. Notes
50		10.00%, 8/15/08	53,750
			$	537,450

Cable and Satellite Television — 0.4%
		Adelphia Communications, Sr. Notes, Series B
270		9.25%, 10/1/32 (3)	228,825
		Charter Communication Holdings II, Sr. Notes
60		10.25%, 9/15/10	61,500
		Charter Communications Holdings, LLC, Sr. Notes
85		10.25%, 1/15/10	68,637
		Ono Finance PLC, Sr. Notes
45		14.00%, 2/15/11	51,412
		PanAmSat Corp.
101		9.00%, 8/15/14	107,060
		Rogers Cable, Inc.
85		6.75%, 3/15/15	84,150
		UGS Corp., Sr. Sub. Notes
545		10.00%, 6/1/12 (4)	604,950
			$	1,206,534

Chemicals and Plastics — 0.9%
		Avecia Group PLC
$	25	11.00%, 7/1/09	$	26,250
		BCP Caylux Holdings, Sr. Sub. Notes
172		9.625%, 6/15/14	196,940
		Borden U.S. Finance/Nova Scotia Finance, Sr. Notes
95		9.00%, 7/15/14 (4)	103,075
		Crystal US Holdings/US Holdings 3, LLC, Sr. Disc. Notes
179		10.50%, 10/1/14 (4)	126,195
		Equistar Chemical, Sr. Notes
110		10.625%, 5/1/11	124,025
		Hercules, Inc.
30		11.125%, 11/15/07	34,500
		Huntsman International, LLC, Sr. Notes
80		9.875%, 3/1/09	86,800
		Huntsman, LLC
91		11.625%, 10/15/10	106,925
		Innophos, Inc., Sr. Sub. Notes
40		8.875%, 8/15/14 (4)	42,200
		Key Plastics, LLC, Jr. Sub. Notes
65		4.00%, 4/26/07 (2)	65,807
		Key Plastics, LLC, Sr. Sub. Notes
118		7.00%, 4/26/07 (2)	118,595
		Lyondell Chemical Co., Series A
40		9.625%, 5/1/07	43,100
		Lyondell Chemical Co., Sr. Notes
247		10.50%, 6/1/13	285,285
		Milacron Escrow Corp.
315		11.50%, 5/15/11	344,925
		Nalco Co., Sr. Sub. Notes
100		8.875%, 11/15/13	107,500
		OM Group, Inc.
460		9.25%, 12/15/11	476,100
		Polyone Corp., Sr. Notes
130		10.625%, 5/15/10	144,950
		Rhodia SA, Sr. Notes
450		10.25%, 6/1/10	492,750
		Solo Cup Co., Sr. Sub. Notes
10		8.50%, 2/15/14	10,000
			$	2,935,922

Clothing/Textiles — 0.3%
		GFSI, Inc., Sr. Sub. Notes, Series B
$	60	9.625%, 3/1/07	$	57,900
		Levi Strauss & Co., Sr. Notes
270		12.25%, 12/15/12	295,650
		Levi Strauss & Co., Sr. Notes, Variable Rate
100		7.73%, 4/1/12 (4)	98,750
		Oxford Industries, Inc., Sr. Notes
100		8.875%, 6/1/11	106,500
		Perry Ellis International, Inc., Sr. Sub. Notes
60		8.875%, 9/15/13	62,100
		Phillips Van-Heusen, Sr. Notes
40		7.25%, 2/15/11	40,800
100		8.125%, 5/1/13	105,250
		William Carter, Series B
104		10.875%, 8/15/11	115,440
			$	882,390

Commercial Services — 0.1%
		Affinity Group, Inc., Sr. Sub. Notes
120		9.00%, 2/15/12	126,600
		Norcross Safety Products LLC/Norcross Capital Corp., Sr. Sub. Notes, Series B
150		9.875%, 8/15/11	159,750
		Vertis, Inc., Sub. Notes
75		13.50%, 12/7/09 (4)	61,500
			$	347,850

Conglomerates — 0.2%
		Amsted Industries, Inc., Sr. Notes
500		10.25%, 10/15/11 (4)	547,500
		Rexnord Corp.
65		10.125%, 12/15/12	71,825
			$	619,325

Consumer Products — 0.1%
		Fedders North America, Inc.
$	95	9.875%, 3/1/14	$	71,725
		Samsonite Corp., Sr. Sub. Notes
195		8.875%, 6/1/11	205,237
			$	276,962

Containers and Glass Products — 0.3%
		Crown Euro Holdings SA
65		9.50%, 3/1/11	71,662
340		10.875%, 3/1/13	396,100
		Intertape Polymer US, Inc., Sr. Sub. Notes
180		8.50%, 8/1/14	177,855
		Jefferson Smurfit
170		8.25%, 10/1/12	175,525
		Owens-Illinois, Inc., Sr. Notes
70		8.10%, 5/15/07	72,800
		Pliant Corp.
95		11.125%, 6/15/09	85,975
			$	979,917

Ecological Services and Equipment — 0.2%
		Allied Waste North America, Series B
140		8.875%, 4/1/08	145,425
130		9.25%, 9/1/12	139,750
		IMCO Recycling Escrow, Inc., Sr. Notes
70		9.00%, 11/15/14 (4)	73,850
		National Waterworks, Inc., Series B
115		10.50%, 12/1/12	128,512
		Waste Services, Inc., Sr. Sub. Notes
280		9.50%, 4/15/14 (4)	284,200
			$	771,737

Electronics/Electrical — 0.1%
		AMI Semiconductor, Inc., Sr. Sub. Notes
121		10.75%, 2/1/13	145,502
		CPI HoldCo, Inc., Sr. Notes, Variable Rate
50		8.83%, 2/1/15 (4)	48,500
		Danka Business Systems, Sr. Notes
25		11.00%, 6/15/10	24,125
			$	218,127

Engineering — 0.0%
		Shaw Group, Inc., Sr. Notes
$	80	10.75%, 3/15/10	$	87,200
			$	87,200

Entertainment — 0.3%
		AMC Entertainment, Inc., Sr. Sub. Notes
115		9.875%, 2/1/12	121,900
		LCE Acquisition Corp., Sr. Sub. Notes
280		9.00%, 8/1/14 (4)	280,000
		Marquee Holdings, Inc., Sr. Disc. Notes
325		12.00%, 8/15/14 (4)	217,750
		Royal Caribbean Cruises, Sr. Notes
245		8.75%, 2/2/11	279,606
			$	899,256

Equipment Leasing — 0.0%
		United Rentals North America, Inc.
40		6.50%, 2/15/12	39,100
		United Rentals North America, Inc., Sr. Sub. Notes
125		7.00%, 2/15/14	115,000
			$	154,100

Financial Intermediaries — 1.6%
		Alzette, Variable Rate
500		8.691%, 12/15/20	500,000
		Avalon Capital, Ltd. 3, Series 1A, Class D, Variable Rate
380		4.82%, 2/24/19 (4)	380,000
		Babson Ltd., Series 2005-1A, Class C1, Variable Rate
500		5.315%, 4/15/19 (4)	500,000
		Bryant Park CDO Ltd., Series 2005-1A, Class C, Variable Rate
500		4.941%, 1/15/19 (4)	500,000
		Carlyle High Yield Partners, Series 2004-6A, Class C
500		5.224%, 8/15/16 (4)	500,000

		Centurion CDO 8 Ltd., Series 2005-8A, Class D, Variable Rate
$	500	8.297%, 3/8/17	$	500,000
		Dryden Leveraged Loan, Series 2004-6A, Class C1
500		4.055%, 7/30/16 (4)	500,000
		*ETrade Financial Corp., Sr. Notes**
130		8.00%, 6/15/11	134,550
		General Motors Acceptance Corp.
225		6.125%, 9/15/06	224,039
		General Motors Acceptance Corp., Variable Rate
380		3.92%, 10/20/05	379,192
95		3.695%, 5/18/06	92,979
		Refco Finance Holdings, LLC, Sr. Sub. Notes
315		9.00%, 8/1/12 (4)	335,475
		Stanfield Vantage Ltd., Series 2005-1A, Class D, Variable Rate
500		5.337%, 3/21/17	500,000
			$	5,046,235

Food Products — 0.6%
		American Seafood Group, LLC
400		10.125%, 4/15/10	432,000
		ASG Consolidated, LLC/ASG Finance, Inc., Sr. Disc. Notes
220		11.50% (0.00% until 2008), 11/1/11 (4)	155,100
		Pierre Foods, Inc., Sr. Sub. Notes
175		9.875%, 7/15/12	184,187
		Pinnacle Foods Holdings Corp., Sr. Sub. Notes
1,080		8.25%, 12/1/13	928,800
		UAP Holding Corp., Sr. Disc. Notes
265		10.75%, 7/15/12	212,000
		United Agricultural Products, Sr. Notes
50		8.25%, 12/15/11	52,250
		WH Holdings Ltd./WH Capital Corp., Sr. Notes
42		9.50%, 4/1/11	45,570
			$	2,009,907

Forest Products — 0.4%
		Boise Cascade, LLC, Sr. Notes, Variable Rate
$	80	5.535%, 10/15/12 (4)	$	82,000
		Caraustar Industries, Inc., Sr. Sub. Notes
260		9.875%, 4/1/11	274,300
		Georgia-Pacific Corp.
145		9.50%, 12/1/11	171,825
180		9.375%, 2/1/13	202,050
		MDP Acquisitions/JSG Funding PLC, Sr. Notes
250		9.625%, 10/1/12	270,000
		Neenah Paper, Inc., Sr. Notes
55		7.375%, 11/15/14 (4)	53,075
		Newark Group, Inc., Sr. Sub. Notes
155		9.75%, 3/15/14	158,100
			$	1,211,350

Healthcare — 0.8%
		AMR HoldCo, Inc./EmCare HoldCo, Inc., Sr. Sub. Notes
130		10.00%, 2/15/15 (4)	135,850
		Ardent Health Services, Inc., Sr. Sub. Notes
125		10.00%, 8/15/13	148,750
		HCA, Inc.
90		5.50%, 12/1/09	89,441
		Healthsouth Corp.
145		7.625%, 6/1/12	139,925
		Healthsouth Corp., Sr. Notes
245		8.375%, 10/1/11	242,550
		Inverness Medical Innovations, Inc., Sr. Sub. Notes
120		8.75%, 2/15/12	122,400
		Magellan Health Services, Inc., Sr. Notes, Series A
90		9.375%, 11/15/08	97,312
		Medical Device Manufacturing, Inc., Sr. Sub. Notes, Series B
125		10.00%, 7/15/12	134,375
		Medquest, Inc.
205		11.875%, 8/15/12	201,925
		National Mentor, Inc., Sr. Sub. Notes
70		9.625%, 12/1/12 (4)	73,325

		National Nephrology Association, Sr. Sub. Notes
$	65	9.00%, 11/1/11 (4)	$	72,394
		Pacificare Health System
146		10.75%, 6/1/09	162,060
		Rotech Healthcare, Inc.
5		9.50%, 4/1/12	5,400
		Tenet Healthcare Corp., Sr. Notes
30		9.875%, 7/1/14	31,350
		US Oncology, Inc., Sr. Notes
120		9.00%, 8/15/12 (4)	127,200
		US Oncology, Inc., Sr. Sub. Notes
240		10.75%, 8/15/14 (4)	265,200
		Vanguard Health Holding Co. II LLC, Sr. Sub. Notes
255		9.00%, 10/1/14	269,662
		VWR International, Inc., Sr. Sub. Notes
120		8.00%, 4/15/14	122,100
			$	2,441,219

Home Furnishings — 0.0%
		Interface, Inc., Sr. Sub. Notes
20		9.50%, 2/1/14	21,150
		Interline Brands, Inc., Sr. Sub. Notes
32		11.50%, 5/15/11	36,640
			$	57,790

Industrial Equipment — 0.2%
		Case New Holland, Inc., Sr. Notes
110		9.25%, 8/1/11 (4)	117,700
		Manitowoc Co., Inc. (The)
29		10.50%, 8/1/12	33,060
		Terex Corp.
95		10.375%, 4/1/11	103,787
		Thermadyne Holdings Corp., Sr. Sub. Notes
265		9.25%, 2/1/14	255,725
			$	510,272

Industrial Gases — 0.0%
		Flowserve Corp.
5		12.25%, 8/15/10	5,462
			$	5,462

Information Technology — 0.0%
		Stratus Technologies, Inc., Sr. Notes
$	25	10.375%, 12/1/08	$	24,875
			$	24,875

Leisure Goods/Activities/Movies — 0.0%
		True Temper Sports, Inc., Sr. Sub. Notes
25		8.375%, 9/15/11	23,375
		Universal City Development Partners, Sr. Notes
95		11.75%, 4/1/10	108,775
			$	132,150

Lodging and Casinos — 0.8%
		Ameristar Casinos, Inc.
95		10.75%, 2/15/09	104,262
		Chukchansi EDA, Sr. Notes
230		14.50%, 6/15/09 (4)	284,050
		Hollywood Casino Shreveport, 1st Mtg. Notes
70		13.00%, 8/1/06 (3)	58,100
		Host Marriott L.P., Sr. Notes
30		6.375%, 3/15/15 (4)	28,800
		Inn of the Mountain Gods, Sr. Notes
165		12.00%, 11/15/10	194,700
		Kerzner International
210		8.875%, 8/15/11	226,275
		Majestic Star Casino LLC
240		9.50%, 10/15/10	252,300
		Meristar Hospitality Operations/Finance
130		10.50%, 6/15/09	139,750
		Mohegan Tribal Gaming, Sr. Sub. Notes
60		8.00%, 4/1/12	63,900
		MTR Gaming Group, Series B
110		9.75%, 4/1/10	120,450
		OED Corp. / Diamond Jo
140		8.75%, 4/15/12	132,650

		Premier Entertainment Biloxi, LLC/Premier Finance Biloxi Corp.
$	15	10.75%, 2/1/12	$	15,375
		Seneca Gaming Corp., Sr. Notes
105		7.25%, 5/1/12	105,000
		Trump Atlantic City Associates, Inc.
295		11.25%, 5/1/06 (3)	290,575
		Trump Holdings and Funding, Sr. Notes
275		11.625%, 3/15/10 (3)	300,437
		Waterford Gaming LLC, Sr. Notes
395		8.625%, 9/15/12 (4)	416,725
			$	2,733,349

Manufacturing — 0.0%
		Aearo Co. I, Sr. Sub. Notes
65		8.25%, 4/15/12	68,900
			$	68,900

Nonferrous Metals/Minerals — 0.1%
		Alpha Natural Resources, Sr. Notes
75		10.00%, 6/1/12 (4)	84,375
		General Cable Corp., Sr. Notes
45		9.50%, 11/15/10	49,725
		Ispat Inland ULC, Sr. Notes
127		9.75%, 4/1/14	149,225
			$	283,325

Oil and Gas — 1.0%
		ANR Pipeline Co.
70		8.875%, 3/15/10	76,049
		Coastal Corp., Sr. Debs.
130		9.625%, 5/15/12	142,350
		Dresser, Inc.
110		9.375%, 4/15/11	117,150
		Dynegy Holdings, Inc., Sr. Notes
5		10.125%, 7/15/13 (4)	5,475
		Dynergy Holdings, Inc., Sr. Debs.
20		7.625%, 10/15/26	15,525
		El Paso Corp.
105		6.95%, 12/15/07	106,837
		El Paso Production Holding Co.
95		7.75%, 6/1/13	96,662

		Giant Industries
$	130	8.00%, 5/15/14	$	130,650
		Hanover Compressor Co., Sr. Sub. Notes
355		0.00%, 3/31/07	314,175
		Hanover Equipment Trust 01, Series B
70		8.75%, 9/1/11	74,200
		Northwest Pipeline Corp.
70		8.125%, 3/1/10	75,250
		Parker Drilling Co., Sr. Notes
85		9.625%, 10/1/13	94,350
		Petrobras International Finance Co.
30		7.75%, 9/15/14	29,550
		Plains E&P Co., Sr. Sub. Notes
115		8.75%, 7/1/12	125,925
		Port Arthur Finance Corp.
287		12.50%, 1/15/09	333,773
		Premcor Refining Group, Sr. Notes
210		9.50%, 2/1/13	235,725
		Premcor Refining Group, Sr. Sub. Notes
40		7.75%, 2/1/12	41,500
		SESI, LLC
220		8.875%, 5/15/11	235,950
		Southern Natural Gas
50		8.875%, 3/15/10	54,465
150		8.00%, 3/1/32	161,800
		Titan Petrochemicals Group, Ltd.
35		8.50%, 3/18/12 (4)	32,900
		Transmontaigne, Inc., Sr. Sub. Notes
320		9.125%, 6/1/10	340,800
		United Refining Co., Sr. Notes
135		10.50%, 8/15/12	136,350
70		10.50%, 8/15/12 (4)	70,700
		Williams Cos., Inc. (The)
45		8.75%, 3/15/32	53,663
			$	3,101,774

Publishing — 0.8%
		Advanstar Communications, Inc.
185		10.75%, 8/15/10	206,738

		Advanstar Communications, Inc., Variable Rate
$	1,478	10.294%, 8/15/08	$	1,536,600
		Advertising Directory Solutions, Sr. Notes
45		9.25%, 11/15/12 (4)	47,475
		American Media Operations, Inc., Series B
170		10.25%, 5/1/09	175,950
		CBD Media, Inc., Sr. Sub. Notes
70		8.625%, 6/1/11	72,450
		Dex Media East LLC
80		9.875%, 11/15/09	88,400
		Dex Media West LLC, Sr. Sub. Notes
217		9.875%, 8/15/13	243,040
		Houghton Mifflin Co., Sr. Sub. Notes
190		9.875%, 2/1/13	196,650
		Primedia, Inc.
35		8.875%, 5/15/11	36,663
			$	2,603,966

Radio and Television — 1.4%
		CanWest Media, Inc., Sr. Sub. Notes
120		10.625%, 5/15/11	131,400
217		8.00%, 9/15/12	229,805
		CSC Holdings, Inc., Sr. Sub. Notes
180		10.50%, 5/15/16	198,900
		Fisher Communications, Inc., Sr. Notes
55		8.625%, 9/15/14	59,125
		Insight Communications, Sr. Disc. Notes
445		12.25%, 2/15/11	445,000
		Kabel Deutschland GMBH
345		10.625%, 7/1/14 (4)	382,950
		LBI Media, Inc., Sr. Disc. Notes
80		11.00%, 10/15/13	59,200
		Muzak LLC/Muzak Finance, Sr. Notes
20		10.00%, 2/15/09	16,500
		Nexstar Finance Holdings LLC, Inc., Sr. Disc. Notes
230		11.375%, 4/1/13	181,700

		Nextmedia Operating, Inc.
$	120	10.75%, 7/1/11	$	131,550
		Paxson Communications Corp.
65		12.25%, 1/15/09	60,775
		Paxson Communications Corp., Variable Rate
2,000		5.41%, 1/15/10 (4)	2,015,000
		Rainbow National Services, LLC, Sr. Notes
100		8.75%, 9/1/12 (4)	108,000
		Rainbow National Services, LLC, Sr. Sub. Debs.
380		10.375%, 9/1/14 (4)	426,550
		Sinclair Broadcast Group, Inc., Convertible Bond
35		4.875%, 7/15/18	30,713
			$	4,477,168

Rail Industries — 0.0%
		Progress Rail Services Corp., Sr. Notes
105		7.75%, 4/1/12 (4)	105,525
			$	105,525

Retailers (Except Food and Drug) — 0.1%
		Coinmach Corp., Sr. Notes
29		9.00%, 2/1/10	30,305
		Home Interiors & Gifts, Inc.
40		10.125%, 6/1/08	33,200
		JC Penny Co., Inc.
75		7.125%, 11/15/23	76,125
		Jostens Holding Corp., Sr. Disc. Notes
45		10.25%, 12/1/13	33,075
			$	172,705

Semiconductors — 0.3%
		Advanced Micro Devices, Inc., Sr. Notes
415		7.75%, 11/1/12 (4)	409,813
		Amkor Technologies, Inc.
60		5.75%, 6/1/06	57,150
		Amkor Technologies, Inc., Sr. Notes
45		7.125%, 3/15/11	38,138
445		7.75%, 5/15/13	376,025
		STATS ChipPAC Ltd., Sr. Notes
70		6.75%, 11/15/11 (4)	66,500
			$	947,626

Surface Transport — 0.1%
		Horizon Lines, LLC
$	150	9.00%, 11/1/12 (4)	$	160,500
		OMI Corp., Sr. Notes
45		7.625%, 12/1/13	46,969
		Petroleum Helicopters, Series B
15		9.375%, 5/1/09	16,013
		Quality Distribution LLC/QD Capital Corp.
70		9.00%, 11/15/10	68,950
			$	292,432

Telecommunications — 1.8%
		AirGate PCS, Inc., Sr. Notes, Variable Rate
60		6.41%, 10/15/11 (4)	61,500
		Alamosa Delaware, Inc., Sr. Disc. Notes
90		12.00%, 7/31/09	98,325
		Alamosa Delaware, Inc., Sr. Notes
225		11.00%, 7/31/10	257,063
15		8.50%, 1/31/12	15,619
		American Tower Corp., Sr. Notes
74		9.375%, 2/1/09	78,070
		Centennial Cellular Operating Co., LLC, Sr. Sub. Notes
17		10.75%, 12/15/08	17,595
		Centennial Cellular Operating Co./Centennial Communications Corp., Sr. Notes
320		10.125%, 6/15/13	355,200
		Inmarsat Finance PLC
235		7.625%, 6/30/12	235,000
		LCI International, Inc., Sr. Notes
175		7.25%, 6/15/07	165,813
		New Skies Satellites NV, Sr. Notes, Variable Rate
110		7.438%, 11/1/11 (4)	112,750
		New Skies Satellites NV, Sr. Sub. Notes
145		9.125%, 11/1/12 (4)	148,625

		Nextel Communications, Inc., Sr. Notes
$	10	7.375%, 8/1/15	$	10,613
		Nextel Partners, Inc., Sr. Notes
11		12.50%, 11/15/09	12,155
		Nortel Networks Ltd.
410		4.25%, 9/1/08	381,300
		Qwest Capital Funding, Inc.
250		7.75%, 8/15/06	254,063
25		7.90%, 8/15/10	24,063
		Qwest Services Corp.
135		13.00%, 12/15/07 (4)	150,863
238		14.00%, 12/15/10 (4)	276,675
		Rogers Wireless, Inc.
300		7.50%, 3/15/15	311,250
		Rogers Wireless, Inc., Sr. Sub. Notes
90		8.00%, 12/15/12	92,925
		Rogers Wireless, Inc., Variable Rate
790		6.135%, 12/15/10	821,600
		Rural Cellular Corp., Variable Rate
1,500		7.51%, 3/15/10	1,545,000
		SBA Telecommunications, Sr. Disc. Notes
90		9.75%, 12/15/11	78,075
		UbiquiTel Operating Co., Sr. Notes
215		9.875%, 3/1/11	238,113
		Western Wireless Corp., Sr. Notes
170		9.25%, 7/15/13	194,650
			$	5,936,905

Utilities — 0.3%
		AES Corp., Sr. Notes
15		9.375%, 9/15/10	16,613
25		8.75%, 5/15/13 (4)	27,375
15		9.00%, 5/15/15 (4)	16,575
		Calpine Corp., Sr. Notes
75		8.25%, 8/15/05	75,375
185		7.625%, 4/15/06	180,375
		Mission Energy Holding Co.
115		13.50%, 7/15/08	138,575

		NRG Energy, Inc., Sr. Notes
$	101	8.00%, 12/15/13 (4)	$	107,313
		Orion Power Holdings, Inc., Sr. Notes
380		12.00%, 5/1/10	463,600
		Reliant Energy, Inc.
35		9.25%, 7/15/10	37,625
			$	1,063,426

Total Corporate Bonds & Notes (identified cost $45,619,468)			$	46,985,697

Common Stocks — 0.4%

Shares
975	Crown Castle International Corp. (5)	15,649
4,043	Crown Castle International Corp., (PIK)	204,677
2,992	Environmental Systems Products (2) (5) (6)	77,582
10,443	Hayes Lemmerz International (5)	53,364
8	Knowledge Universe, Inc. (2) (6)	11,862
24,880	Maxim Crane Works Holdings (2) (5)	528,700
31,662	Thermadyne Holdings Corp. (5)	385,960

Total Common Stocks (identified cost, $1,028,320)		$	1,277,794

Preferred Stocks — 0.0%

35	Hayes Lemmerz International, Series A (2) (5) (6)	773
15	Key Plastics, LLC, Series A (2) (5) (6)	14,856
1,790	Williams Cos., Inc. (The) (4)	162,890

Total Preferred Stocks (identified cost, $107,406)		$	178,519

Warrants — 0.0%

Shares/Rights
210			American Tower Corp., Exp. 8/1/08 (5)		47,145

$	105	Mueller Holdings, Inc., Exp. 4/15/14 (5)	$	8,426

Total Warrants (identified cost, $14,075)			$	55,571

Closed-End Investment Companies — 2.1%

Shares
90,000	ING Prime Rate Trust	$	656,100
725,000	Van Kampen Senior Income Trust	6,177,000

Total Closed-End Investment Companies (identified cost, $6,291,972)			6,833,100

Short-Term Investments — 4.2%

Principal	Maturity
Amount	Date	Borrower	Rate		Amount
6,438,000	04/01/05	General Electric Co. Commercial Paper	2.83	%		6,437,495
2,000,000	04/01/05	Investors Bank and Trust Company Time Deposit	2.85	%	2,000,000
5,000,000	04/05/05	Prudential Funding, LLC Commercial Paper	2.77	%	4,998,076

Total Short-Term Investments
(at amortized cost)					$	13,435,571

Total Investments — 165.9%
(identified cost $526,901,611)					$	534,677,085

Other Assets, Less Liabilities — (31.8)%					$	(102,445,883	)
Auction Preferred Shares Plus Cumulative Unpaid Dividends — (34.1)%					$	(110,027,255	)

Net Assets Applicable to Common Shares — 100.0%					$	322,203,947

Note: The Trust has made commitments to fund specified amounts under certain existing credit arrangments. Pursuant to the terms of these arrangements, the Trust had unfunded loan commitments of $5,462,353 as of March 31, 2005.

PIK	-	Payment In Kind.

(1)		Senior floating-rate interests often require prepayments from excess cash flows or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, it is anticipated that the senior floating-rate interests will have an expected average life of approximately two to three years. The stated interest rate represents the weighted average interest rate of all contracts within the senior loan facility. Senior Loans typically have rates of interest which are redetermined either daily, monthly, quarterly or semi-annually by reference to a base lending rate, plus a premium. These base lending rates are primarily the London-Interbank Offered Rate (“LIBOR”), and secondarily the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit (“CD”) rate or other base lending rates used by commercial lenders.

(2)		Security valued at fair value using methods determined in good faith by or at the direction of the Trustees.

(3)		Defaulted security.

(4)		Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At March 31, 2005, the aggregate value of the securities is $12,574,768 or 3.9% of the Trust’s net assets.

(5)		Non-income producing security.

(6)		Restricted security.

The Trust had the following swap agreements outstanding at March 31, 2005:

At March 31, 2005, the Trust had entered into credit default swaps with Credit Suisse First Boston dated February 6, 2004 whereby the Trust will receive 2.45% per year times the notional amount of $2,000,000. The Trust makes payment only upon a default event on underlying loan assets (47 in total, each representing 2.128% of the notional value of the swap).

At March 31, 2005, the Trust had entered into credit default swaps with Lehman Brothers Special Financing, Inc. dated March 15, 2005 whereby the Trust will receive 2.2% per year times the notional amount of $1,500,000. The Trust makes payment only upon a default event on the underlying loan asset, Inergy, L.P.

At March 31, 2005, the Trust had sufficient cash segregated to cover potential obligations arising from open swap contracts.

The cost and unrealized appreciation (depreciation) in value of the investment securities at March 31, 2005, as computed on a federal income tax basis, were as follows:

Aggregate cost	$	526,921,438
Gross unrealized appreciation	$	8,737,511
Gross unrealized depreciation	(981,864		)
Net unrealized appreciation	$	7,755,647

At March 31, 2005, the Trust owned the following securities (representing less than 0.1% of net assets) which were restricted as to public resale and not registered under the Securities Act of 1933 (excluding Rule 144A securities). The Trust has various registration rights (exercisable under a variety of circumstances) with respect to these securities. The fair value of these securities is determined based on valuations provided by brokers when available, or if not available, they are valued at fair value using methods determined in good faith by or at the direction of the Trustees.

Description	Date of Acquisition	Shares/Face	Cost		Fair Value

Common Stocks
Environmental Systems Products	10/24/00	2,992	$	0	$	77,582
Knowledge Universe, Inc.	5/14/03	8	8,000		11,862
			$	8,000	$	89,444

Preferred Stocks
Hayes Lemmerz International, Series A	6/04/03	35	$	1,750	$	773
Key Plastics, LLC, Series A	4/26/01	15	15,231		14,856
			$	16,981	$	15,629
			$	24,981	$	105,073

Item 2. Controls and Procedures

(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant on this Form N-Q has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant on this Form N-Q has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b) There have been no changes in the registrant’s internal controls over financial reporting during the fiscal quarter for which the report is being filed that have materially affected, or are reasonably likely to materially affect the registrant’s internal control over financial reporting.

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.

Eaton Vance Senior Income Trust

By:	/s/James B. Hawkes
	James B. Hawkes
	President and Principal Executive Officer

Date:	May 23, 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/James B. Hawkes
	James B. Hawkes
	President and Principal Executive Officer

Date:	May 23, 2005


By:	/s/James l. O’Connor
	James L. O’Connor
	Treasurer and Principal Financial Officer

Date:	May 23, 2005