Edgar Filing: Eaton Vance Floating-Rate Income Trust

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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			811-21574
Eaton Vance Floating Rate 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:	May 31

Date of reporting period:		February 28, 2005

Item 1. Schedule of Investments

Eaton Vance Floating-Rate Income Trust		as of February 28, 2005
PORTFOLIO OF INVESTMENTS (Unaudited)

Senior, Floating Rate Interests — 139.8% (1)

Principal Amount		Borrower/Tranche Description	Value

Aerospace and Defense — 2.8%
		Alliant Techsystems, Inc.
$	2,018,082	Term Loan, 4.36%, Maturing March 31, 2011	$	2,050,034

		CACI International, Inc.
4,232,447		Term Loan, 3.95%, Maturing May 3, 2011	4,293,288

		DRS Technologies, Inc.
3,436,074		Term Loan, 4.26%, Maturing November 4, 2010	3,472,047

		DynCorp International, LLC
1,370,000		Term Loan, 7.25%, Maturing February 11, 2011	1,392,547

		K&F Industries, Inc.
794,265		Term Loan, 5.08%, Maturing November 18, 2012	808,578

		Standard Aero Holdings, Inc.
3,194,181		Term Loan, 4.99%, Maturing August 24, 2012	3,245,090

		Transdigm, Inc.
2,984,994		Term Loan, 4.67%, Maturing July 22, 2010	3,033,500

		Vought Aircraft Industries, Inc.
1,320,000		Term Loan, 5.08%, Maturing December 17, 2011	1,341,450

		Wyle Laboratories, Inc.
315,000		Term Loan, 5.50%, Maturing January 28, 2011	321,005
			$	19,957,539

Air Transport — 0.7%
		United Airlines, Inc.
4,980,875		DIP Loan, 8.00%, Maturing June 30, 2005	5,032,761
			$	5,032,761

Automotive — 6.8%
		Accuride Corp.
$	3,355,000	Term Loan, 4.88%, Maturing January 31, 2012	$	3,394,841

		Affina Group, Inc.
689,000		Term Loan, 5.44%, Maturing November 30, 2011	700,541

		Collins & Aikman Products Co.
3,026,063		Revolving Loan, 6.34%, Maturing August 31, 2009	3,051,279

		CSA Acquisition Corp.
254,917		Term Loan, 4.75%, Maturing December 23, 2011	258,847
410,083		Term Loan, 4.75%, Maturing December 23, 2011	416,406

		Dayco Products, LLC
1,542,250		Term Loan, 5.37%, Maturing June 23, 2011	1,571,167

		Exide Technologies
1,000,000		Term Loan, 6.02%, Maturing May 5, 2010	1,007,500
1,000,000		Term Loan, 6.02%, Maturing May 5, 2010	1,007,500

		Federal-Mogul Corp.
2,000,000		Term Loan, 4.90%, Maturing February 24, 2005	1,904,750
563,750		Term Loan, 6.33%, Maturing February 24, 2005	567,273
4,366,382		Revolving Loan, 6.33%, Maturing February 24, 2005	4,377,298
2,852,861		Revolving Loan, 4.15%, Maturing December 31, 2005	2,697,292

		HLI Operating Co., Inc.
1,836,118		Term Loan, 6.24%, Maturing June 3, 2009	1,877,431

		Key Automotive Group
3,604,261		Term Loan, 5.55%, Maturing June 29, 2010	3,671,841

		Metaldyne Corp.
3,065,525		Term Loan, 7.06%, Maturing December 31, 2009	3,095,414

		Plastech Engineered Products, Inc.
1,000,000		Term Loan, 6.88%, Maturing March 31, 2011	1,005,000

		R.J. Tower Corp.
1,995,000		Term Loan, 9.56%, Maturing January 29, 2010	2,089,264

		The Goodyear Tire & Rubber Co.
5,500,000		Term Loan, 7.03%, Maturing March 31, 2006	5,568,750
2,000,000		Term Loan, 6.13%, Maturing September 30, 2007	2,016,876

		TI Automotive, Ltd.
750,000		Term Loan, 6.03%, Maturing June 30, 2011	747,656

		TRW Automotive, Inc.
3,000,000		Term Loan, 3.88%, Maturing October 31, 2010	3,020,625
3,029,507		Term Loan, 4.38%, Maturing February 27, 2011	3,047,811

		United Components, Inc.
1,688,093		Term Loan, 4.78%, Maturing June 30, 2010	1,714,470
			$	48,809,832

Beverage and Tobacco — 2.1%
		Constellation Brands, Inc.
$	5,265,469	Term Loan, 4.40%, Maturing December 22, 2011	$	5,348,153

		Culligan International Co.
3,735,000		Term Loan, 4.92%, Maturing September 30, 2011	3,798,805

		Southern Wine & Spirits of America, Inc.
2,979,615		Term Loan, 4.81%, Maturing June 28, 2008	3,023,844

		Sunny Delight Beverages Co.
2,745,000		Term Loan, 6.78%, Maturing August 20, 2010	2,738,137
			$	14,908,939

Building and Development — 6.9%
		Formica Corp.
359,236		Term Loan, 7.73%, Maturing June 10, 2010	362,828
445,200		Term Loan, 7.73%, Maturing June 10, 2010	449,652
870,544		Term Loan, 7.73%, Maturing June 10, 2010	879,250
1,281,437		Term Loan, 7.73%, Maturing June 10, 2010	1,294,252

		FT-FIN Acquisition, LLC
1,412,547		Term Loan, 6.94%, Maturing November 17, 2007	1,416,079

		General Growth Properties, Inc.
9,725,000		Term Loan, 4.64%, Maturing November 12, 2008	9,888,001

		Landsource Communities, LLC
2,000,000		Term Loan, 5.06%, Maturing March 31, 2010	2,031,250

		LNR Property Corp.
4,850,000		Term Loan, 5.59%, Maturing February 3, 2008	4,926,790

		LNR Property Holdings
1,040,000		Term Loan, 7.09%, Maturing February 3, 2008	1,051,700

		Mueller Group, Inc.
2,834,862		Term Loan, 5.97%, Maturing April 23, 2011	2,868,526

		Newkirk Master, L.P.
1,482,400		Term Loan, 7.02%, Maturing November 24, 2006	1,504,636

		Nortek, Inc.
$	5,074,500	Term Loan, 4.75%, Maturing August 27, 2011	$	5,168,591

		Panolam Industries Holdings
1,102,967		Term Loan, 5.68%, Maturing June 3, 2011	1,118,133
1,319,488		Term Loan, 9.94%, Maturing December 3, 2011	1,350,826

		Ply Gem Industries, Inc.
800,000		Term Loan, 4.59%, Maturing February 12, 2011	810,000
248,371		Term Loan, 5.28%, Maturing February 12, 2011	251,476
1,691,479		Term Loan, 5.28%, Maturing February 12, 2011	1,712,622

		South Edge, LLC
656,250		Term Loan, 4.44%, Maturing October 31, 2007	660,557
843,750		Term Loan, 4.69%, Maturing October 31, 2009	852,452

		St. Marys Cement, Inc.
5,957,418		Term Loan, 4.56%, Maturing December 4, 2010	6,046,780

		The Woodlands Community Property Co.
1,141,000		Term Loan, 5.00%, Maturing November 30, 2007	1,150,984
357,000		Term Loan, 7.13%, Maturing November 30, 2007	362,355

		Tousa/Kolter, LLC
1,997,667		Term Loan, 4.19%, Maturing January 7, 2008	2,007,655

		W9, GPT Real Estate, L.P.
994,852		Term Loan, 4.64%, Maturing March 27, 2006	994,852
			$	49,160,247

Business Equipment and Services — 3.7%
		Allied Security Holdings, LLC
2,825,143		Term Loan, 6.81%, Maturing June 30, 2010	2,874,583

		Baker & Taylor, Inc.
2,000,000		Term Loan, 9.35%, Maturing May 6, 2011	2,017,500

		Buhrmann US, Inc.
1,471,317		Term Loan, 4.94%, Maturing December 31, 2010	1,503,502

		Infousa, Inc.
1,590,909		Term Loan, 5.06%, Maturing March 25, 2009	1,606,818

		Iron Mountain, Inc.
3,539,256		Term Loan, 4.19%, Maturing April 2, 2011	3,568,013

		Language Line, Inc.
4,868,421		Term Loan, 6.77%, Maturing June 11, 2011	4,937,392

		Mitchell International, Inc.
$	2,420,505	Term Loan, 5.55%, Maturing August 13, 2011	$	2,462,864
1,741,250		Term Loan, 8.80%, Maturing August 13, 2012	1,789,134

		Quintiles Transnational Corp.
2,984,896		Term Loan, 6.82%, Maturing September 25, 2009	3,040,863

		Williams Scotsman, Inc.
2,493,590		Term Loan, 5.38%, Maturing December 31, 2006	2,527,877
			$	26,328,546

Cable and Satellite Television — 7.9%
		Atlantic Broadband Finance, LLC
4,000,000		Term Loan, 5.69%, Maturing February 10, 2011	4,085,000

		Bragg Communication, Inc.
2,203,925		Term Loan, 4.90%, Maturing August 31, 2011	2,242,494

		Bresnan Communications, LLC
1,884,762		Term Loan, 6.04%, Maturing September 30, 2010	1,916,274

		Canadian Cable Acquisition Co., Inc.
1,990,000		Term Loan, 5.56%, Maturing July 30, 2011	2,013,010

		Cebridge Connections, Inc.
1,989,975		Term Loan, 8.23%, Maturing February 23, 2010	2,017,337

		Charter Communications Operating, LLC
5,000,000		Term Loan, 5.73%, Maturing April 27, 2010	4,996,485
10,447,500		Term Loan, 5.98%, Maturing April 27, 2011	10,496,258

		Insight Midwest Holdings, LLC
1,760,000		Term Loan, 2.69%, Maturing December 31, 2008	1,764,951
990,000		Term Loan, 5.44%, Maturing December 31, 2009	1,008,331

		MCC Iowa, LLC
2,450,000		Term Loan, 4.11%, Maturing March 31, 2010	2,439,281

		Mediacom Broadband
2,985,000		Term Loan, 5.00%, Maturing September 30, 2010	3,035,372

		Mediacom Illinois, LLC
4,150,000		Term Loan, 4.88%, Maturing March 31, 2013	4,206,693

		NTL, Inc.
5,000,000		Term Loan, 5.20%, Maturing April 13, 2012	5,093,750

		Panamsat Corp.
6,914,661		Term Loan, 5.25%, Maturing August 20, 2011	7,032,009

		UGS Corp.
3,980,000		Term Loan, 4.83%, Maturing May 27, 2011	4,052,137
			$	56,399,382

Chemicals and Plastics — 7.7%
		Brenntag AG
$	5,500,000	Term Loan, 4.73%, Maturing December 9, 2011	$	5,600,831

		Hercules, Inc.
2,984,962		Term Loan, 3.99%, Maturing October 8, 2010	3,024,606

		Huntsman International, LLC
6,144,897		Term Loan, 5.00%, Maturing December 31, 2010	6,263,187

		Huntsman, LLC
2,500,000		Term Loan, 6.05%, Maturing March 31, 2010	2,549,062

		Innophos, Inc.
3,163,588		Term Loan, 3.87%, Maturing August 13, 2010	3,218,951

		Invista B.V.
7,875,000		Term Loan, 4.77%, Maturing April 30, 2010	7,973,437

		Kraton Polymer
1,864,264		Term Loan, 5.33%, Maturing December 5, 2008	1,896,111

		Mosaic Co.
1,600,000		Term Loan, 4.22%, Maturing June 15, 2007	1,600,000

		Nalco Co.
6,416,248		Term Loan, 4.64%, Maturing November 4, 2010	6,543,681

		Niagara Acquisition, Inc.
585,000		Term Loan, 4.75%, Maturing February 11, 2012	595,603

		Professional Paint, Inc.
1,510,875		Term Loan, 5.74%, Maturing September 30, 2011	1,533,538

		Resolution Specialty Materials
1,995,000		Term Loan, 5.19%, Maturing August 2, 2010	2,022,431

		Rockwood Specialties Group, Inc.
6,475,000		Term Loan, 4.95%, Maturing July 30, 2012	6,586,001

		Solo Cup Co.
5,462,387		Term Loan, 4.99%, Maturing February 27, 2011	5,573,345
			$	54,980,784

Clothing/Textiles — 0.3%
		Propex Fabrics, Inc.
$	400,000	Term Loan, 4.70%, Maturing December 1, 2011	$	402,500

		SI Corp.
1,770,786		Term Loan, 6.61%, Maturing December 9, 2009	1,800,668
			$	2,203,168

Conglomerates — 2.5%
		Amsted Industries, Inc.
2,561,770		Term Loan, 5.43%, Maturing October 15, 2010	2,612,206

		Blount, Inc.
739,050		Term Loan, 5.08%, Maturing August 9, 2010	751,675

		Goodman Global Holdings, Inc.
1,340,000		Term Loan, 4.81%, Maturing December 23, 2011	1,364,287

		Johnson Diversey, Inc.
2,650,888		Term Loan, 4.43%, Maturing November 30, 2009	2,702,663

		Polymer Group, Inc.
3,672,905		Term Loan, 5.78%, Maturing April 27, 2010	3,725,703
2,500,000		Term Loan, 8.78%, Maturing April 27, 2011	2,556,250

		PP Acquisition Corp.
4,217,694		Term Loan, 4.83%, Maturing November 12, 2011	4,270,415
			$	17,983,199

Containers and Glass Products — 9.1%
		Berry Plastics Corp.
2,905,726		Term Loan, 4.22%, Maturing July 22, 2010	2,951,128

		BWAY Corp.
5,911,080		Term Loan, 4.75%, Maturing June 30, 2011	6,007,135

		Celanese AG
6,848,750		Term Loan, 4.81%, Maturing April 6, 2011	6,994,286

		Dr. Pepper/Seven Up Bottling Group, Inc.
4,368,180		Term Loan, 4.47%, Maturing December 19, 2010	4,451,175

		Graham Packaging Holdings Co.
5,400,000		Term Loan, 5.09%, Maturing October 7, 2011	5,505,300
2,000,000		Term Loan, 6.81%, Maturing October 7, 2012	2,067,500

		Graphic Packaging International, Inc.
8,943,030		Term Loan, 5.14%, Maturing August 8, 2009	9,111,830

		Greif Bros. Corp.
$	656,842	Term Loan, 3.63%, Maturing August 31, 2008	$	660,947

		IPG (US), Inc.
3,291,750		Term Loan, 4.79%, Maturing July 28, 2011	3,357,585

		Kranson Industries, Inc.
2,596,950		Term Loan, 5.31%, Maturing July 30, 2011	2,635,904

		Owens-Illinois, Inc.
2,987,133		Term Loan, 4.95%, Maturing April 1, 2007	3,039,781
2,656,703		Term Loan, 5.33%, Maturing April 1, 2008	2,706,516

		Silgan Holdings, Inc.
4,533,392		Term Loan, 4.33%, Maturing December 31, 2008	4,597,145

		Smurfit-Stone Container Corp.
656,041		Term Loan, 2.10%, Maturing November 1, 2011	667,727
1,666,490		Term Loan, 4.44%, Maturing November 1, 2011	1,695,237
5,242,951		Term Loan, 4.57%, Maturing November 1, 2011	5,332,516

		Sola International, Inc.
2,887,500		Term Loan, 5.08%, Maturing December 11, 2009	2,927,203
			$	64,708,915

Cosmetics/Toiletries — 0.7%
		Prestige Brands, Inc.
2,486,237		Term Loan, 5.29%, Maturing April 7, 2011	2,527,156

		Revlon Consumer Products Corp.
2,125,000		Term Loan, 8.51%, Maturing July 9, 2010	2,221,511
			$	4,748,667

Drugs — 0.8%
		Herbalife International, Inc.
625,000		Term Loan, 5.16%, Maturing December 21, 2010	635,547

		Warner Chilcott Corp.
1,307,161		Term Loan, 5.23%, Maturing January 18, 2012	1,321,213
603,871		Term Loan, 5.23%, Maturing January 18, 2012	610,363
3,243,968		Term Loan, 5.23%, Maturing January 18, 2012	3,278,841
			$	5,845,964

Ecological Services and Equipment — 2.1%
		Alderwoods Group, Inc.
$	1,428,881	Term Loan, 4.63%, Maturing September 29, 2009	$	1,454,779

		Allied Waste Industries, Inc.
707,143		Term Loan, 3.90%, Maturing January 15, 2009	709,132
981,531		Term Loan, 4.90%, Maturing January 5, 2010	985,324
5,888,239		Term Loan, 5.13%, Maturing January 15, 2010	5,908,483

		Environmental Systems, Inc.
2,272,617		Term Loan, 6.12%, Maturing December 12, 2008	2,301,025

		National Waterworks, Inc.
3,672,131		Term Loan, 5.06%, Maturing November 22, 2009	3,736,393
			$	15,095,136

Electronics/Electrical — 3.0%
		Communications & Power, Inc.
1,901,435		Term Loan, 4.93%, Maturing July 23, 2010	1,929,065

		Enersys Capital, Inc.
1,990,000		Term Loan, 4.27%, Maturing March 17, 2011	2,019,850

		Fairchild Semiconductor Corp.
1,375,000		Term Loan, 4.69%, Maturing December 31, 2010	1,390,469

		Invensys International Holding
5,960,025		Term Loan, 6.09%, Maturing September 5, 2009	6,068,050

		Memec Group, Ltd.
1,500,000		Term Loan, 5.06%, Maturing June 15, 2009	1,494,750

		Rayovac Corp.
3,245,000		Term Loan, 4.56%, Maturing February 7, 2012	3,310,406

		Security Co, Inc.
995,000		Term Loan, 6.44%, Maturing June 28, 2010	1,007,437
3,000,000		Term Loan, 10.31%, Maturing June 28, 2011	3,007,500

		Vertafore, Inc.
555,000		Term Loan, 5.27%, Maturing December 22, 2010	561,244
500,000		Term Loan, 8.52%, Maturing December 22, 2011	508,750
			$	21,297,521

Equipment Leasing — 0.9%
		Ashtead Group, PLC
3,000,000		Term Loan, 4.81%, Maturing November 12, 2009	3,048,126

		United Rentals, Inc.
334,029		Term Loan, 3.36%, Maturing February 14, 2011	339,353
3,150,101		Term Loan, 4.81%, Maturing February 14, 2011	3,207,197
			$	6,594,676

Farming/Agriculture — 0.2%
		Central Garden & Pet Co.
$	615,000	Term Loan, 4.33%, Maturing May 19, 2009	$	619,612

		The Scotts Co.
997,494		Term Loan, 4.06%, Maturing September 30, 2010	1,011,654
			$	1,631,266

Financial Intermediaries — 1.9%
		Coinstar, Inc.
5,050,822		Term Loan, 4.84%, Maturing July 7, 2011	5,139,211

		Corrections Corp. of America
2,357,546		Term Loan, 4.86%, Maturing March 31, 2008	2,397,329

		Refco Group Ltd., LLC
4,683,500		Term Loan, 5.27%, Maturing August 5, 2011	4,749,654

		Wackenhut Corrections Corp.
1,009,675		Term Loan, 5.13%, Maturing July 9, 2009	1,027,345
			$	13,313,539

Food Products — 2.2%
		Acosta Sales Co., Inc.
3,631,750		Term Loan, 4.62%, Maturing August 13, 2010	3,691,903

		Atkins Nutritional, Inc.
963,731		Term Loan, 8.18%, Maturing November 26, 2009	852,902

		Del Monte Corp.
980,000		Term Loan, 4.27%, Maturing February 8, 2012	992,985

		Doane Pet Care Co.
2,179,538		Term Loan, 6.43%, Maturing November 5, 2009	2,219,042

		Michael Foods, Inc.
2,300,000		Term Loan, 6.59%, Maturing November 20, 2011	2,369,000

		Pinnacle Foods Holdings Corp.
1,989,975		Term Loan, 5.81%, Maturing November 25, 2010	1,989,975

		Reddy Ice Group, Inc.
2,575,708		Term Loan, 5.08%, Maturing July 31, 2009	2,595,026

		Seminis Vegetable Seeds, Inc.
1,276,508		Term Loan, 4.46%, Maturing September 30, 2009	1,281,560
			$	15,992,393

Food Service — 3.4%
		AFC Enterprises, Inc.
$	911,213	Term Loan, 5.78%, Maturing May 23, 2009	$	918,333

		Buffets, Inc.
1,000,000		Term Loan, 5.70%, Maturing June 28, 2009	1,008,333
1,425,145		Term Loan, 6.27%, Maturing June 28, 2009	1,437,021

		Carrols Corp.
605,000		Term Loan, 5.06%, Maturing May 31, 2010	616,091

		CKE Restaurants, Inc.
2,849,470		Term Loan, 4.94%, Maturing May 1, 2010	2,892,212

		Denny’s, Inc.
2,550,000		Term Loan, 5.73%, Maturing September 21, 2009	2,617,736

		Domino’s, Inc.
7,044,450		Term Loan, 4.31%, Maturing June 25, 2010	7,160,387

		Gate Gourmet Borrower, LLC
1,053,222		Term Loan, 9.50%, Maturing December 31, 2008 (2)	749,544
1,500,000		Term Loan, 10.50%, Maturing December 31, 2008	1,456,875

		Jack in the Box, Inc.
992,481		Term Loan, 4.75%, Maturing January 8, 2011	1,007,059

		Weight Watchers International, Inc.
4,488,750		Term Loan, 4.16%, Maturing March 31, 2010	4,541,120
			$	24,404,711

Food/Drug Retailers — 2.7%
		General Nutrition Centers, Inc.
1,022,632		Term Loan, 5.55%, Maturing December 5, 2009	1,037,971

		Giant Eagle, Inc.
4,588,647		Term Loan, 4.39%, Maturing August 6, 2009	4,648,873

		Rite Aid Corp.
6,965,000		Term Loan, 4.24%, Maturing September 22, 2009	7,032,477

		The Jean Coutu Group (PJC), Inc.
6,069,500		Term Loan, 5.00%, Maturing July 30, 2011	6,184,723

		The Pantry, Inc.
493,691		Term Loan, 4.83%, Maturing March 12, 2011	502,176
			$	19,406,220

Forest Products — 2.6%
		Appleton Papers, Inc.
$	3,880,500	Term Loan, 4.56%, Maturing June 11, 2010	$	3,926,581

		Boise Cascade Holdings, LLC
5,075,522		Term Loan, 4.84%, Maturing September 29, 2010	5,174,814

		Buckeye Technologies, Inc.
2,311,324		Term Loan, 4.71%, Maturing April 15, 2010	2,340,215

		Koch Cellulose, LLC
1,088,377		Term Loan, 4.39%, Maturing May 7, 2011	1,107,423
4,330,870		Term Loan, 4.80%, Maturing May 7, 2011	4,406,661

		RLC Industries Co.
1,571,429		Term Loan, 4.08%, Maturing February 24, 2010	1,577,321
			$	18,533,015

Healthcare — 9.5%
		Accredo Health, Inc.
2,288,500		Term Loan, 4.48%, Maturing April 30, 2011	2,301,373

		Advanced Medical Optics, Inc.
1,754,607		Term Loan, 4.49%, Maturing June 25, 2009	1,774,896

		AMR Holdco, Inc.
865,000		Term Loan, 5.60%, Maturing February 10, 2012	881,489

		Ardent Health Services, Inc.
3,431,400		Term Loan, 4.80%, Maturing July 12, 2011	3,479,656

		Colgate Medical, Ltd.
734,450		Term Loan, 4.55%, Maturing December 30, 2008	745,007

		Community Health Systems, Inc.
9,709,690		Term Loan, 4.15%, Maturing August 19, 2011	9,831,819

		Concentra Operating Corp.
2,820,158		Term Loan, 5.05%, Maturing June 30, 2009	2,862,461

		Cross Country Healthcare, Inc.
313,249		Term Loan, 5.64%, Maturing June 5, 2009	317,165

		DaVita, Inc.
9,919,435		Term Loan, 4.52%, Maturing March 31, 2009	9,956,632

		DJ Orthopedics, Inc.
1,187,500		Term Loan, 4.83%, Maturing May 15, 2009	1,208,281

		Encore Medical IHC, Inc.
1,800,000		Term Loan, 5.42%, Maturing October 4, 2010	1,830,375

		Envision Worldwide, Inc.
$	1,396,111	Term Loan, 7.39%, Maturing September 30, 2010	$	1,399,601

		Express Scripts, Inc.
2,984,962		Term Loan, 3.70%, Maturing February 13, 2010	3,013,567

		Fhc Health Systems, Inc.
2,000,000		Term Loan, 11.77%, Maturing February 7, 2011	2,040,000

		Hanger Orthopedic Group, Inc.
2,487,403		Term Loan, 6.06%, Maturing September 30, 2009	2,509,168

		Iasis Healthcare, LLC
3,980,000		Term Loan, 4.81%, Maturing June 16, 2011	4,042,601

		Kinetic Concepts, Inc.
2,155,535		Term Loan, 4.31%, Maturing October 3, 2009	2,177,090

		Knowledge Learning Corp.
3,168,148		Term Loan, 5.05%, Maturing January 7, 2012	3,198,509

		Leiner Health Products, Inc.
2,487,500		Term Loan, 5.56%, Maturing May 27, 2011	2,524,812

		Magellan Health Services, Inc.
2,162,162		Term Loan, 4.68%, Maturing August 15, 2008	2,194,595
3,675,676		Term Loan, 4.74%, Maturing August 15, 2008	3,730,811

		Medcath Holdings Corp.
1,557,175		Term Loan, 5.12%, Maturing July 2, 2011	1,580,047

		National Mentor, Inc.
922,688		Term Loan, 5.48%, Maturing September 30, 2011	940,565

		SFBC International, Inc.
460,000		Term Loan, 5.61%, Maturing December 21, 2011	468,050

		Vanguard Health Holding Co., LLC
1,371,563		Term Loan, 5.79%, Maturing September 23, 2011	1,399,423

		VWR International, Inc.
1,246,000		Term Loan, 5.17%, Maturing April 7, 2011	1,269,518
			$	67,677,511

Home Furnishings — 2.2%
		Jarden Corp.
2,885,000		Term Loan, 6.25%, Maturing January 24, 2012	2,932,481

		Juno Lighting, Inc.
1,373,498		Term Loan, 5.07%, Maturing November 21, 2010	1,400,968

		Knoll, Inc.
3,412,706		Term Loan, 5.40%, Maturing September 30, 2011	3,446,833

		Sealy Mattress Co.
2,487,050		Term Loan, 4.54%, Maturing April 6, 2012	2,526,427

		Simmons Co.
5,354,815		Term Loan, 5.67%, Maturing December 19, 2011	5,455,218
			$	15,761,927

Industrial Equipment — 1.6%
		Alliance Laundry Holdings, LLC
$	590,000	Term Loan, 4.84%, Maturing January 27, 2012	$	597,621

		Bucyrus International, Inc.
737,500		Term Loan, 4.58%, Maturing July 28, 2010	752,250

		Douglas Dynamics Holdings, Inc.
1,017,115		Term Loan, 4.51%, Maturing December 16, 2010	1,024,743

		Gleason Corp.
585,000		Term Loan, 5.21%, Maturing July 27, 2011	592,312
2,500,000		Term Loan, 8.10%, Maturing January 31, 2012	2,550,000

		Itron, Inc.
1,825,338		Term Loan, 4.83%, Maturing December 17, 2010	1,845,112

		Maxim Crane Works, L.P.
1,065,000		Term Loan, 10.00%, Maturing January 28, 2012	1,108,931

		SPX Corp.
2,870,333		Term Loan, 4.63%, Maturing September 30, 2009	2,888,990
			$	11,359,959

Insurance — 1.8%
		Alliant Resources Group, Inc.
1,497,475		Term Loan, 5.67%, Maturing August 31, 2011	1,499,347

		CCC Information Services Group
2,690,540		Term Loan, 5.56%, Maturing August 20, 2010	2,724,172

		Conseco, Inc.
6,225,564		Term Loan, 6.08%, Maturing June 22, 2010	6,353,966

		U.S.I. Holdings Corp.
977,557		Term Loan, 5.23%, Maturing August 11, 2007	982,750
1,395,000		Term Loan, 5.27%, Maturing August 11, 2008	1,402,412
			$	12,962,647

Leisure Goods/Activities/Movies — 7.7%
		Alliance Atlantis Communications, Inc.
$	698,000	Term Loan, 4.29%, Maturing December 31, 2011	$	709,342

		Cinemark, Inc.
4,967,475		Term Loan, 4.35%, Maturing March 31, 2011	5,054,406

		Loews Cineplex Entertainment Corp.
8,582,241		Term Loan, 4.64%, Maturing July 30, 2011	8,731,091

		Metro-Goldwyn-Mayer Studios, Inc.
11,970,000		Term Loan, 5.06%, Maturing April 30, 2011	12,001,792

		Regal Cinemas Corp.
9,656,127		Term Loan, 4.56%, Maturing November 10, 2010	9,805,276

		Six Flags Theme Parks, Inc.
8,063,598		Term Loan, 4.90%, Maturing June 30, 2009	8,208,742

		Universal City Development Partners, Ltd.
2,080,000		Term Loan, 4.58%, Maturing June 9, 2011	2,116,400

		WMG Acquisition Corp.
5,959,875		Term Loan, 5.21%, Maturing February 28, 2011	6,062,313

		Yankees Holdings & YankeeNets, LLC
628,571		Term Loan, 4.77%, Maturing June 25, 2007	639,964
1,371,429		Term Loan, 5.01%, Maturing June 25, 2007	1,396,286
			$	54,725,612

Lodging and Casinos — 3.9%
		Alliance Gaming Corp.
2,806,570		Term Loan, 4.90%, Maturing September 5, 2009	2,823,527

		Ameristar Casinos, Inc.
608,000		Term Loan, 4.63%, Maturing December 31, 2006	617,880

		Argosy Gaming Co.
2,369,063		Term Loan, 4.31%, Maturing June 30, 2011	2,386,091

		CNL Hospitality Partners, L.P.
1,111,261		Term Loan, 4.90%, Maturing October 13, 2006	1,133,486

		CNL Resort Hotel, L.P.
1,750,000		Term Loan, 5.59%, Maturing August 18, 2006	1,750,000

		Globalcash Access, LLC
$	947,420	Term Loan, 5.33%, Maturing March 10, 2010	$	954,525

		Isle of Capri Casinos, Inc.
2,530,000		Term Loan, 4.34%, Maturing February 4, 2012	2,566,369

		Marina District Finance Co., Inc.
4,575,000		Term Loan, 3.93%, Maturing October 14, 2011	4,626,469

		Pinnacle Entertainment, Inc.
1,600,000		Term Loan, 5.58%, Maturing August 27, 2010	1,624,000

		Seminole Tribe of Florida
700,000		Term Loan, 4.88%, Maturing September 30, 2011	707,000

		Venetian Casino Resort, LLC
3,770,887		Term Loan, 4.37%, Maturing June 15, 2011	3,803,882

		Wyndham International, Inc.
1,707,329		Term Loan, 8.19%, Maturing December 31, 2004	1,714,799
2,135,063		Term Loan, 7.19%, Maturing June 30, 2006	2,147,295

		Wynn Las Vegas, LLC
685,000		Term Loan, 4.66%, Maturing December 14, 2011	696,881
			$	27,552,204

Nonferrous Metals/Minerals — 2.5%
		Consol Energy, Inc.
1,200,000		Term Loan, 4.89%, Maturing June 30, 2010	1,201,876

		Foundation Coal Corp.
6,033,032		Term Loan, 4.73%, Maturing July 30, 2011	6,137,856

		ICG, LLC
947,625		Term Loan, 5.36%, Maturing November 5, 2010	963,024

		International Mill Service, Inc.
2,000,000		Term Loan, 8.33%, Maturing October 26, 2011	2,035,000

		Magnequench, Inc.
1,417,043		Term Loan, 9.92%, Maturing September 30, 2009	1,427,671
1,500,000		Term Loan, 13.42%, Maturing December 31, 2009	1,515,000

		Novelis, Inc.
1,440,000		Term Loan, 4.13%, Maturing January 6, 2012	1,464,120
2,505,000		Term Loan, 4.13%, Maturing January 6, 2012	2,546,959

		Stillwater Mining Co.
469,655		Term Loan, 5.88%, Maturing June 30, 2007	480,222
			$	17,771,728

Oil and Gas — 6.1%
		Beldon & Blake Corp.
$	2,249,100	Term Loan, 4.79%, Maturing July 21, 2011	$	2,281,431

		Dresser Rand Group, Inc.
3,192,890		Term Loan, 4.56%, Maturing October 29, 2011	3,252,756

		Dresser, Inc.
2,873,171		Term Loan, 4.97%, Maturing April 10, 2009	2,910,881

		Dynegy Holdings, Inc.
6,967,494		Term Loan, 6.39%, Maturing May 28, 2010	7,098,134

		El Paso Corp.
3,661,545		Term Loan, 5.19%, Maturing November 23, 2009	3,730,199
2,205,750		Term Loan, 5.27%, Maturing November 23, 2009	2,243,834

		Getty Petroleum Marketing, Inc.
4,350,000		Term Loan, 5.80%, Maturing May 19, 2010	4,434,281

		Lyondell-Citgo Refining, L.P.
3,482,500		Term Loan, 4.59%, Maturing May 21, 2007	3,521,678

		Magellan Midstream Holdings, L.P.
1,765,235		Term Loan, 5.09%, Maturing December 10, 2011	1,791,714

		Mainline, L.P.
1,400,000		Term Loan, 4.90%, Maturing December 17, 2011	1,422,750

		Pride Offshore, Inc.
2,090,850		Term Loan, 4.15%, Maturing July 7, 2011	2,128,312

		Semgroup, L.P.
1,241,888		Term Loan, 5.74%, Maturing August 27, 2010	1,260,128

		Universal Compression, Inc.
1,150,000		Term Loan, 4.34%, Maturing February 15, 2012	1,168,148

		Williams Production RMT Co.
6,464,849		Term Loan, 4.99%, Maturing May 30, 2007	6,572,599
			$	43,816,845

Publishing — 8.4%
		Advanstar Communications, Inc.
$	456,349	Term Loan, 7.08%, Maturing November 17, 2007	$	459,677

		Advertising Directory Solution
775,000		Term Loan, 6.23%, Maturing May 9, 2010	798,573
1,500,000		Term Loan, 4.48%, Maturing November 9, 2011	1,521,875

		CBD Media, LLC
4,505,358		Term Loan, 5.09%, Maturing December 31, 2009	4,572,001

		Dex Media East, LLC
4,441,265		Term Loan, 4.14%, Maturing May 8, 2009	4,506,622

		Dex Media West, LLC
4,239,716		Term Loan, 4.45%, Maturing March 9, 2010	4,304,032

		Freedom Communications
4,500,000		Term Loan, 4.40%, Maturing May 18, 2012	4,574,813

		Herald Media, Inc.
1,000,000		Term Loan, 8.03%, Maturing January 22, 2012	1,019,375

		Journal Register Co.
5,000,000		Term Loan, 4.03%, Maturing August 12, 2012	5,039,065

		Lamar Media Corp.
3,500,000		Term Loan, 4.06%, Maturing June 30, 2010	3,546,484

		Medianews Group, Inc.
563,423		Term Loan, 4.08%, Maturing August 25, 2010	567,531

		Merrill Communications, LLC
5,522,770		Term Loan, 5.08%, Maturing February 9, 2009	5,600,437

		Morris Publishing Group, LLC
2,950,000		Term Loan, 4.31%, Maturing March 31, 2011	2,987,798

		Nebraska Book Co., Inc.
1,481,269		Term Loan, 4.67%, Maturing March 4, 2011	1,504,414

		Newspaper Holdings, Inc.
2,400,000		Term Loan, 4.31%, Maturing August 24, 2011	2,403,000

		R.H. Donnelley Corp.
315,631		Term Loan, 4.24%, Maturing December 31, 2009	319,103
9,899,999		Term Loan, 4.28%, Maturing June 30, 2010	10,061,438

		Source Media, Inc.
527,000		Term Loan, 4.69%, Maturing November 8, 2011	534,246
250,000		Term Loan, 7.94%, Maturing August 30, 2012	255,391

		Transwestern Publishing Co., LLC
1,985,003		Term Loan, 5.79%, Maturing February 25, 2011	2,008,162
386,400		Term Loan, 4.56%, Maturing August 24, 2012	392,357

		Weekly Reader Corp.
1,000,000		Term Loan, 6.76%, Maturing March 18, 2009	999,375

		Xerox Corp.
2,000,000		Term Loan, 4.33%, Maturing September 30, 2008	2,023,438
			$	59,999,207

Radio and Television — 6.3%
		Adams Outdoor Advertising, L.P.
$	3,980,000	Term Loan, 4.92%, Maturing October 15, 2011	$	4,048,822

		Canwest Media, Inc.
2,657,281		Term Loan, 4.75%, Maturing August 15, 2009	2,697,140

		Cumulus Media, Inc.
1,017,500		Term Loan, 4.25%, Maturing March 28, 2009	1,029,265
3,283,500		Term Loan, 4.25%, Maturing March 28, 2010	3,334,122

		DirecTV Holdings, LLC
6,000,000		Term Loan, 4.47%, Maturing March 6, 2010	6,096,252

		Emmis Operating Co.
2,992,500		Term Loan, 4.17%, Maturing November 10, 2011	3,034,817

		Entravision Communications Co.
2,500,000		Term Loan, 4.31%, Maturing February 27, 2012	2,538,543

		Gray Television, Inc.
2,992,500		Term Loan, 4.31%, Maturing December 31, 2010	3,034,895

		NEP Supershooters, L.P.
1,562,271		Term Loan, 10.56%, Maturing August 3, 2011	1,550,554

		Nexstar Broadcasting, Inc.
1,932,336		Term Loan, 4.31%, Maturing December 31, 2010	1,940,790
1,055,157		Term Loan, 4.31%, Maturing December 31, 2010	1,064,061

		Rainbow National Services, LLC
3,600,000		Term Loan, 5.19%, Maturing March 31, 2012	3,651,750

		Raycom National, LLC
4,000,000		Term Loan, 4.56%, Maturing February 24, 2012	4,050,000

		Raycom TV Broadcasting, Inc.
2,000,000		Term Loan, 3.81%, Maturing October 6, 2011	2,006,250

		Sinclair Television Group, Inc.
1,900,000		Term Loan, 4.33%, Maturing June 30, 2009	1,908,907
3,100,000		Term Loan, 4.33%, Maturing December 31, 2009	3,129,063
			$	45,115,231

Rail Industries — 0.8%
		Kansas City Southern Industries, Inc.
$	765,000	Term Loan, 4.30%, Maturing March 30, 2008	$	777,527

		Railamerica, Inc.
4,125,163		Term Loan, 4.38%, Maturing September 29, 2011	4,200,789
487,639		Term Loan, 4.38%, Maturing September 29, 2011	496,376
			$	5,474,692

Retailers (Except Food and Drug) — 5.0%
		Advance Stores Company, Inc.
165,163		Term Loan, 4.21%, Maturing September 30, 2010	167,692
97,199		Term Loan, 4.22%, Maturing September 30, 2010	98,687

		Alimentation Couche-Tard, Inc.
3,654,774		Term Loan, 4.28%, Maturing December 17, 2010	3,711,880

		American Achievement Corp.
2,341,915		Term Loan, 6.75%, Maturing March 25, 2011	2,379,971

		Amscan Holdings, Inc.
995,000		Term Loan, 5.60%, Maturing April 30, 2012	1,001,219

		FTD, Inc.
1,861,186		Term Loan, 4.65%, Maturing February 28, 2011	1,891,430

		Harbor Freight Tools USA, Inc.
2,493,750		Term Loan, 4.75%, Maturing July 15, 2010	2,513,388

		Home Interiors & Gifts, Inc.
2,952,756		Term Loan, 7.17%, Maturing March 31, 2011	2,873,031

		Josten’s Corp.
1,125,000		Term Loan, 4.92%, Maturing October 4, 2010	1,137,656
5,606,600		Term Loan, 4.81%, Maturing December 6, 2011	5,697,707

		Oriental Trading Co., Inc.
2,286,831		Term Loan, 5.38%, Maturing August 4, 2010	2,299,219
2,000,000		Term Loan, 8.63%, Maturing January 8, 2011	2,035,416

		Rent-A-Center, Inc.
3,989,975		Term Loan, 4.46%, Maturing June 30, 2010	4,046,333

		Riddell Bell Holdings, Inc.
997,500		Term Loan, 4.76%, Maturing September 30, 2011	1,015,164

		Savers, Inc.
816,317		Term Loan, 6.77%, Maturing August 4, 2009	822,950
1,500,000		Term Loan, 10.48%, Maturing August 4, 2010	1,518,750

		Travelcenters of Ameria, Inc.
2,184,000		Term Loan, 4.32%, Maturing October 1, 2008	2,209,935
			$	35,420,428

Surface Transport — 1.1%
		Horizon Lines, LLC
$	3,009,875	Term Loan, 5.39%, Maturing July 7, 2011	$	3,047,498

		NFIL Holdings Corp.
634,201		Term Loan, 4.50%, Maturing February 27, 2010	646,092
1,851,946		Term Loan, 4.61%, Maturing February 27, 2010	1,880,883

		Sirva Worldwide, Inc.
2,524,118		Term Loan, 4.58%, Maturing December 31, 2010	2,495,721
			$	8,070,194

Telecommunications — 8.6%
		Alaska Communications Systems Holdings, Inc.
1,105,000		Term Loan, 4.64%, Maturing February 1, 2012	1,116,913

		American Tower, L.P.
1,492,500		Term Loan, 4.23%, Maturing August 31, 2011	1,514,304

		Cellular South, Inc.
1,741,250		Term Loan, 4.54%, Maturing May 4, 2011	1,768,457

		Centennial Cellular Operating Co., LLC
4,962,406		Term Loan, 4.95%, Maturing February 9, 2011	5,049,248

		Consolidated Communications, Inc.
3,974,994		Term Loan, 4.95%, Maturing October 14, 2011	4,014,744

		D&E Communications, Inc.
1,487,343		Term Loan, 4.42%, Maturing December 31, 2011	1,500,357

		Fairpoint Communications, Inc.
2,485,000		Term Loan, 4.75%, Maturing February 8, 2012	2,525,769

		Iowa Telecommunications Service
688,000		Term Loan, 4.59%, Maturing November 23, 2005	696,743

		Nextel Partners Operation Corp.
6,500,000		Term Loan, 4.94%, Maturing May 31, 2011	6,598,079

		nTelos, Inc.
$	1,355,000	Term Loan, 5.12%, Maturing February 18, 2011	$	1,375,325

		Qwest Corp.
10,000,000		Term Loan, 7.39%, Maturing June 4, 2007	10,435,160

		SBA Senior Finance, Inc.
4,482,488		Term Loan, 4.91%, Maturing October 31, 2008	4,553,459

		Spectrasite Communications, Inc.
2,524,000		Term Loan, 4.03%, Maturing May 23, 2012	2,552,133

		Stratos Global Corp.
628,000		Term Loan, 4.75%, Maturing December 3, 2010	638,598

		Triton PCS, Inc.
1,715,000		Term Loan, 5.75%, Maturing November 18, 2009	1,741,529

		USA Mobility, Inc.
380,000		Term Loan, 4.83%, Maturing November 16, 2006	382,850

		Valor Telecom Enterprise, LLC
2,740,000		Term Loan, 5.99%, Maturing February 14, 2012	2,788,520

		Viasystems, Inc.
2,000,000		Term Loan, 6.49%, Maturing September 30, 2009	2,020,416

		Westcom Corp.
975,000		Term Loan, 5.41%, Maturing December 17, 2010	991,453
1,000,000		Term Loan, 9.66%, Maturing May 17, 2011	1,040,000

		Western Wireless Corp.
7,960,000		Term Loan, 5.52%, Maturing May 28, 2011	8,027,166
			$	61,331,223

Utilities — 3.3%
		Allegheny Energy Supply Co., LLC
5,066,427		Term Loan, 4.80%, Maturing October 28, 2011	5,176,621

		Coleto Creek WLE, L.P.
3,485,000		Term Loan, 4.83%, Maturing June 30, 2011	3,562,688

		Murray Energy Corp.
480,000		Term Loan, 5.94%, Maturing January 28, 2010	487,800

		NRG Energy, Inc.
2,503,114		Term Loan, 2.45%, Maturing December 20, 2011	2,539,096
3,215,900		Term Loan, 4.52%, Maturing December 20, 2011	3,263,335

		Pike Electric, Inc.
3,298,241		Term Loan, 4.69%, Maturing July 1, 2012	3,356,992

		Reliant Energy, Inc.
2,630,000		Term Loan, 5.05%, Maturing December 22, 2010	2,673,442

		Texas Genco, LLC
2,374,959		Term Loan, 4.48%, Maturing December 14, 2011	2,415,697
			$	23,475,671

Total Senior, Floating Rate Interests
(identified cost $991,904,377)			$	997,851,499

Common Stocks — 0.0%

Preferred Stocks — 0.0%

Corporate Bonds & Notes — 13.6%

Principal Amount (000’s omitted)		Security	Value

Aerospace and Defense — 0.3%
		Argo Tech Corp., Sr. Notes
$	1,500	9.25%, 6/1/11	$	1,657,500

		BE Aerospace, Sr. Sub. Notes, Series B
65		8.00%, 3/1/08	65,487

		Sequa Corp.
500		8.875%, 4/1/08	547,500

		Standard Aero Holdings, Inc., Sr. Sub. Notes
40		8.25%, 9/1/14 (4)	43,200
			$	2,313,687

Air Transport — 0.0%
		Northwest Airlines, Inc.
$	45	8.875%, 6/1/06	$	41,175
			$	41,175

Automotive — 0.2%
		Affinia Group, Inc.
110		9.00%, 11/30/14 (4)	111,925

		Cooper-Standard Automotive, Inc.
30		7.00%, 12/15/12 (4)	29,700

		Keystone Automotive Operations, Inc., Sr. Sub. Notes
520		9.75%, 11/1/13	556,400

		Metaldyne Corp., Sr. Notes
545		10.00%, 11/1/13 (4)	539,550

		Tenneco Automotive, Inc., Sr. Notes, Series B
45		10.25%, 7/15/13	53,100

		Tenneco Automotive, Inc., Sr. Sub. Notes
280		8.625%, 11/15/14 (4)	299,600
			$	1,590,275

Broadcast Media — 0.6%
		Paxson Communications Corp., Variable Rate
4,500		5.41%, 1/15/10 (4)	4,623,750
			$	4,623,750

Building and Development — 0.4%
		Coleman Cable, Inc., Sr. Notes
115		9.875%, 10/1/12 (4)	121,900

		Collins & Aikman Floor Cover
400		9.75%, 2/15/10	434,000

		Mueller Group, Inc., Sr. Sub. Notes
600		10.00%, 4/25/11	663,000

		Owens Corning
15		7.70%, 5/1/08 (2)	9,825

		Ply Gem Industries, Inc., Sr. Sub. Notes
1,115		9.00%, 2/15/12	1,120,575

		RMCC Acquisition Co., Sr. Sub. Notes
360		9.50%, 11/1/12 (4)	361,800
			$	2,711,100

Business Equipment and Services — 0.5%
		Carriage Services, Inc.
$	70	7.875%, 1/15/15 (4)	$	73,675

		Coinmach Corp., Sr. Notes
32		9.00%, 2/1/10	33,600

		Knowledge Learning Center
180		7.75%, 2/1/15 (4)	181,800

		NSP Holdings LLC/NSP Holdings Capital Corp., Sr. Notes, (PIK)
120		11.75%, 1/1/12 (4)	125,400

		Rural/Metro Corp., Sr. Sub. Notes
60		9.875%, 3/15/15 (4)	61,650

		UGS Corp., Sr. Sub. Notes
2,075		10.00%, 6/1/12 (4)	2,355,125

		Williams Scotsman, Inc., Sr. Notes
1,015		10.00%, 8/15/08	1,113,962
			$	3,945,212

Cable and Satellite Television — 0.2%
		Charter Communications Holdings II, Sr. Notes
55		10.25%, 9/15/10	58,369

		Insight Communications, Sr. Disc. Notes
35		12.25%, 2/15/11	35,175

		Intelsat Bermuda Ltd., Sr. Notes, Variable Rate
440		7.805%, 1/15/12 (4)	454,300

		Kabel Deutschland GMBH
560		10.625%, 7/1/14 (4)	646,800

		Rogers Cable, Inc.
170		6.75%, 3/15/15	178,075
			$	1,372,719

Chemicals and Plastics — 1.3%
		Avecia Group PLC
57		11.00%, 7/1/09	60,135

		BCP Caylux Holdings, Sr. Sub. Notes
505		9.625%, 6/15/14 (4)	504,600

		Borden U.S. Finance/Nova Scotia Finance, Sr. Notes
1,115		9.00%, 7/15/14 (4)	1,246,012

		Crystal US Holdings/US Holdings 3, LLC, Sr. Disc. Notes
1,004		10.50%, 10/1/14 (4)	727,900

		Innophos, Inc., Sr. Sub. Notes
1,070		8.875%, 8/15/14 (4)	1,155,600

		Intertape Polymer US, Inc., Sr. Sub. Notes
950		8.50%, 8/1/14	949,847

		Milacron Escrow Corp.
$	145	11.50%, 5/15/11	$	160,225

		OM Group, Inc.
2,010		9.25%, 12/15/11	2,170,800

		Polyone Corp.
775		10.625%, 5/15/10	887,375

		Rhodia SA, Sr. Notes
780		10.25%, 6/1/10	900,900

		Rockwood Specialties Group, Sr. Sub. Notes
450		10.625%, 5/15/11	513,000
			$	9,276,394

Clothing/Textiles — 0.1%
		GFSI, Inc., Sr. Sub. Notes, Series B
30		9.625%, 3/1/07	29,250

		Levi Strauss & Co., Sr. Notes
230		11.625%, 1/15/08	245,812
270		12.25%, 12/15/12	310,500
			$	585,562

Coal — 0.0%
		Alpha Natural Resources, Sr. Notes
90		10.00%, 6/1/12 (4)	103,950
			$	103,950

Commercial Services — 0.6%
		Affinity Group, Inc., Sr. Sub. Notes
500		9.00%, 2/15/12	542,500

		Amerco, Inc.
2,115		9.00%, 3/15/09	2,241,900

		Norcross Safety Products LLC/Norcross Capital Corp., Sr. Sub. Notes, Series B
1,000		9.875%, 8/15/11	1,105,000

		Waste Services, Inc., Sr. Sub. Notes
660		9.50%, 4/15/14 (4)	681,450
			$	4,570,850

Conglomerates — 0.2%
		Amsted Industries, Inc., Sr. Notes
1,000		10.25%, 10/15/11 (4)	1,135,000
			$	1,135,000

Consumer Products — 0.4%
		Del Laboratories, Inc., Sr. Sub. Notes
$	145	8.00%, 2/1/12 (4)	$	143,912

		Fedders North America, Inc.
15		9.875%, 3/1/14	12,225

		Leslie’s Poolmart, Sr. Notes
90		7.75%, 2/1/13 (4)	93,825

		Rayovac Corp., Sr. Sub. Notes
440		7.375%, 2/1/15 (4)	452,100

		Samsonite Corp., Sr. Sub. Notes
1,680		8.875%, 6/1/11	1,818,600
			$	2,520,662

Containers and Glass Products — 0.2%
		Owens-Illinois, Inc., Sr. Notes
135		8.10%, 5/15/07	143,775

		Plastipak Holdings, Inc.
180		10.75%, 9/1/11	204,300

		Pliant Corp.
915		11.125%, 9/1/09	992,775
			$	1,340,850

Drugs — 0.0%
		Elan Finance PLC/Elan Finance Corp., Sr. Notes
410		7.75%, 11/15/11 (4)	366,950
			$	366,950

Ecological Services and Equipment — 0.1%
		Allied Waste North America, Series B
340		8.875%, 4/1/08	368,050
90		9.25%, 9/1/12	99,900

		IMCO Recycling Escrow Inc., Sr. Notes
110		9.00%, 11/15/14 (4)	116,050
			$	584,000
Electronics/Electrical — 0.0%
		CPI Holdco, Inc., Sr. Notes, Variable Rate
110		8.83%, 2/1/15 (4)	111,100
			$	111,100

Engineering — 0.2%
		Shaw Group, Inc., Sr. Notes
1,135		10.75%, 3/15/10	1,271,200
			$	1,271,200

Equipment Leasing — 0.2%
		United Rentals North America, Inc.
80		6.50%, 2/15/12	81,000

		United Rentals North America, Inc., Sr. Sub. Notes
1,000		7.75%, 11/15/13	1,007,500
145		7.00%, 2/15/14	140,287
			$	1,228,787

Financial Intermediaries — 1.1%
		Alzette, Variable Rate
$	750	8.691%, 12/15/20	$	750,000

		Avalon Capital Ltd. 3, Series 1A, Class D, Variable Rate
760		4.82%, 2/24/19 (4)	760,000

		Bryant Park CDO Ltd., Series 2005-1A, Class C, Variable Rate
1,000		4.941%, 1/15/19 (4)	1,000,000

		Centurion CDO 8 Ltd., Series 2005 8A, Class D, Variable Rate
1,000		8.297%, 3/8/17	1,000,000

		First CLO, Ltd., Sr. Sub. Notes, Variable Rate
1,000		5.00%, 7/27/16 (4)	1,000,000

		Refco Finance Holdings, LLC, Sr. Sub. Notes
2,005		9.00%, 8/1/12 (4)	2,195,475

		Stanfield Modena CLO Ltd., Series 2004-1A, Class D, Variable Rate
1,000		4.48%, 9/22/16 (4)	1,000,000
			$	7,705,475

Food Products — 0.1%
		ASG Consolidated, LLC/ASG Finance, Inc., Sr. Disc. Notes
$	440	11.50%, 11/1/11 (4)	311,300

		Pinnacle Foods Holding, Sr. Sub. Notes
20		8.25%, 12/1/13	18,300

		Pierre Foods, Inc., Sr. Sub. Notes
40		9.875%, 7/15/12 (4)	42,300

		WH Holdings Ltd./WH Capital Corp., Sr. Notes
300		9.50%, 4/1/11	333,000
			$	704,900

Forest Products — 0.3%
		Boise Cascade, LLC, Sr. Notes, Variable Rate
160		5.535%, 10/15/12 (4)	166,000

		Caraustar Industries, Inc., Sr. Sub. Notes
855		9.875%, 4/1/11	940,500

		JSG Funding PLC, Sr. Sub. Notes
160		7.75%, 4/1/15 (4)	160,800

		Neenah Paper, Inc., Sr. Notes
110		7.375%, 11/15/14 (4)	111,650

		Newark Group, Inc., Sr. Sub. Notes
550		9.75%, 3/15/14	577,500
			$	1,956,450

Healthcare — 1.1%
		AMR HoldCo, Inc./EmCare HoldCo, Inc., Sr. Sub. Notes
$	275	10.00%, 2/15/15 (4)	$	292,187

		HCA, Inc.
190		5.50%, 12/1/09	191,128

		Healthsouth Corp.
165		7.625%, 6/1/12	167,888

		Healthsouth Corp., Sr. Notes
1,050		8.375%, 10/1/11	1,105,125

		Inverness Medical Innovations, Inc., Sr. Sub. Notes
550		8.75%, 2/15/12 (4)	577,500

		Medical Device Manufacturing, Inc., Sr. Sub. Notes
230		10.00%, 7/15/12 (4)	251,850

		National Mentor, Inc., Sr. Sub. Notes
135		9.625%, 12/1/12 (4)	143,438

		Tenet Healthcare Corp., Sr. Notes
205		9.875%, 7/1/14 (4)	219,350
300		9.25%, 2/1/15 (4)	309,000

		US Oncology, Inc., Sr. Notes
390		9.00%, 8/15/12 (4)	428,025

		US Oncology, Inc., Sr. Sub. Notes
1,840		10.75%, 8/15/14 (4)	2,125,200

		Vanguard Health HLD II, Sr. Sub. Notes
1,520		9.00%, 10/1/14	1,679,600

		Warner Chilcott Corp.
360		8.75%, 2/1/15 (4)	376,200
			$	7,866,491

Industrial Equipment — 0.1%
		Altra Industrial Motion
70		9.00%, 12/1/11 (4)	70,875

		Thermadyne Holdings Corp., Sr. Sub. Notes
750		9.25%, 2/1/14	735,000
			$	805,875

Leisure Goods/Activities/Movies — 0.4%
		AMC Entertainment, Inc., Sr. Sub. Notes
$	215	9.875%, 2/1/12	$	235,963

		LCE Acquisition Corp., Sr. Sub. Notes
1,880		9.00%, 8/1/14 (4)	1,978,700

		Marquee Holdings, Inc., Sr. Disc. Notes
385		12.00%, 8/15/14 (4)	267,575

		Universal City Development Partners, Sr. Notes
160		11.75%, 4/1/10	188,800
			$	2,671,038

Lodging and Casinos — 0.4%
		Inn of the Mountain Gods, Sr. Notes
1,000		12.00%, 11/15/10	1,190,000

		Majestic Star Casino LLC
500		9.50%, 10/15/10	531,875

		Mohegan Tribal Gaming, Sr. Sub. Notes
85		8.00%, 4/1/12	92,756

		Trump Atlantic City Associates, Inc.
590		11.25%, 5/1/06 (2)	584,100

		Waterford Gaming LLC, Sr. Notes
392		8.625%, 9/15/12 (4)	423,360
			$	2,822,091

Manufacturing — 0.3%
		Case New Holland, Inc., Sr. Notes
45		9.25%, 8/1/11 (4)	49,725

		MAAX Corp., Sr. Sub. Notes
750		9.75%, 6/15/12	795,000

		Oxford Industries, Inc., Sr. Notes
1,000		8.875%, 6/1/11	1,075,000
			$	1,919,725

Oil and Gas — 0.5%
		Coastal Corp., Sr. Debs.
245		9.625%, 5/15/12	280,525

		Dynergy Holdings, Inc., Sr. Debs.
45		7.625%, 10/15/26	38,475

		El Paso Corp.
200		6.95%, 12/15/07	208,000

		El Paso Production Holding Co.
1,245		7.75%, 6/1/13	1,341,488

		Giant Industries
90		8.00%, 5/15/14	94,725

		Harvest Operations Corp., Sr. Notes
245		7.875%, 10/15/11	253,575

		Hanover Compressor Co., Sr. Sub. Notes
$	10	0.00%, 3/31/07	$	9,025

		Hanover Equipment Trust 01, Series B
55		8.75%, 9/1/11	59,950

		Parker Drilling Co., Sr. Notes
110		9.625%, 10/1/13	126,225

		Petrobras International Finance Co.
60		7.75%, 9/15/14	63,540

		Transmontaigne, Inc., Sr. Sub. Notes
625		9.125%, 6/1/10	675,000

		United Refining Co., Sr. Notes
255		10.50%, 8/15/12 (4)	269,025
115		10.50%, 8/15/12 (4)	121,325

		Williams Cos Inc.
20		8.75%, 3/15/32	25,400
			$	3,566,278

Publishing — 0.8%
		Advanstar Communications, Inc.
1,000		10.75%, 8/15/10	1,137,500

		Advanstar Communications, Inc., Variable Rate
1,970		10.294%, 8/15/08	2,088,200

		Advertising Directory Solutions, Sr. Notes
90		9.25%, 11/15/12 (4)	95,513

		American Media Operations, Inc., Series B
35		10.25%, 5/1/09	36,575

		CBD Media, Inc., Sr. Sub. Notes
135		8.625%, 6/1/11	144,113

		Houghton Mifflin Co., Sr. Sub. Notes
560		9.875%, 2/1/13	595,000

		Primedia, Inc.
1,350		8.875%, 5/15/11	1,464,750
			$	5,561,651

Radio and Television — 0.5%
		Canwest Media, Inc., Sr. Sub. Notes
290		8.00%, 9/15/12 (4)	313,925

		CCO Holdings LLC / CCO Capital Corp., Sr. Notes
1,000		8.75%, 11/15/13	1,037,500

		Rainbow National Services, LLC, Sr. Notes
115		8.75%, 9/1/12 (4)	131,675

		Rainbow National Services, LLC, Sr. Sub. Debs.
1,565		10.375%, 9/1/14 (4)	1,870,175
			$	3,353,275

REITS — 0.0%
		Meristar Hospitality Operations/Finance
$	275	10.50%, 6/15/09	$	299,750
			$	299,750

Retailers (Except Food and Drug) — 0.0%
		Home Interiors & Gifts, Inc.
45		10.125%, 6/1/08	38,025

		Riddell Bell Holdings, Sr. Sub. Notes
45		8.375%, 10/1/12 (4)	46,800
			$	84,825

Semiconductors — 0.3%
		Advanced Micro Devices, Inc., Sr. Notes
825		7.75%, 11/1/12 (4)	845,625

		Amkor Technologies, Inc.
65		5.75%, 6/1/06	62,644

		Amkor Technologies, Inc., Sr. Notes
235		7.125%, 3/15/11	205,625
840		7.75%, 5/15/13	735,000

		STATS ChipPAC Ltd., Sr. Notes
145		6.75%, 11/15/11 (4)	143,550
			$	1,992,444

Surface Transport — 0.4%
		Horizon Lines, LLC
2,240		9.00%, 11/1/12 (4)	2,433,200

		OMI Corp., Sr. Notes
20		7.625%, 12/1/13	20,750

		Quality Distribution LLC/QD Capital Corp.
590		9.00%, 11/15/10 (4)	581,150
			$	3,035,100

Telecommunications — 1.7%
		AirGate PCS, Inc., Variable Rate
$	120	6.41%, 10/15/11 (4)	$	125,100

		Alamosa Delaware, Inc., Sr. Disc. Notes
160		12.00%, 7/31/09	175,200

		Alamosa Delaware, Inc., Sr. Notes
220		11.00%, 7/31/10	258,500
75		8.50%, 1/31/12	81,750

		Centennial Cellular Operating Co., LLC, Sr. Sub. Notes
28		10.75%, 12/15/08	29,120

		Centennial Cellular Operating Co./Centennial Communications Corp., Sr. Notes
600		10.125%, 6/15/13	699,000

		Inmarsat Finance PLC
1,125		7.625%, 6/30/12	1,184,063

		LCI International, Inc., Sr. Notes
125		7.25%, 6/15/07	122,500

		New Skies Satellites NV, Sr. Notes, Variable Rate
215		7.438%, 11/1/11 (4)	226,556

		New Skies Satellites NV, Sr. Sub. Notes
290		9.125%, 11/1/12 (4)	303,050

		Nortel Networks Ltd.
145		4.25%, 9/1/08	139,381

		PanAmSat Corp.
1,355		9.00%, 8/15/14	1,497,275

		Qwest Capital Funding, Inc.
25		7.75%, 8/15/06	25,750

		Qwest Services Corp.
1,090		13.50%, 12/15/07 (4)	1,234,425

		Rogers Wireless, Inc.
690		7.50%, 3/15/15	759,000

		Rogers Wireless, Inc., Sr. Sub. Notes
185		8.00%, 12/15/12	201,419

		Rogers Wireless, Inc., Variable Rate
1,617		5.525%, 12/15/10	1,714,020

		Rural Cellular Corp.
85		8.25%, 3/15/12	90,950

		Rural Cellular Corp., Variable Rate
1,000		6.99%, 3/15/10	1,055,000

		UbiquiTel Operating Co., Sr. Notes
1,110		9.875%, 3/1/11	1,259,850

		Western Wireless Corp., Sr. Notes
1,065		9.25%, 7/15/13	1,242,056
			$	12,423,965

Utilities — 0.1%
		Calpine Corp., Sr. Notes
$	145	7.625%, 4/15/06	$	142,463

		NRG Energy, Inc., Sr. Notes
389		8.00%, 12/15/13 (4)	431,790
			$	574,253

Total Corporate Bonds & Notes
(identified cost $92,798,345)			$	97,036,809

Closed-End Investment Companies — 1.2%

Shares	Security	Value
75,000	Citigroup Investments Corporate Loan Fund	1,056,000
218,600	First Trust/Four Corners Senior Floating Rate Income Fund II	4,190,562
130,400	Floating Rate Income Strategies Fund II, Inc.	2,534,976
27,200	Floating Rate Income Strategies Fund, Inc.	527,136
5,500	ING Prime Rate Trust	41,635

Total Closed-End Investment Companies
(identified cost, $8,186,914)		$	8,350,309

Commercial Paper — 4.0%

Principal		Maturity
Amount		Date	Borrower	Rate		Amount
$	18,361,000	03/01/05	General Electric Capital Corp.	2.60	%	$	18,361,000
10,000,000		03/04/05	Societe Generale	2.53	%	9,997,892

Total Commercial Paper
(at amortized cost)						$	28,358,892

Short-Term Investments — 0.3%

Principal Amount	Maturity Date	Borrower	Rate		Amount
2,000,000	03/01/05	Investors Bank and Trust Company Time Deposit	2.60	%	2,000,000

Total Short-Term Investments
(at amortized cost)					$	2,000,000

Total Investments — 158.9%
(identified cost $1,123,304,785)					$	1,133,655,665

Other Assets, Less Liabilities — 2.1%					$	15,332,789
Auction Preferred Shares Plus Cumulative Unpaid Dividends — (61.0)%					$	(435,355,238	)

Net Assets Applicable to Common Shares— 100.0%					$	713,633,216

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 $5,423,079 as of February 28, 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)		Defaulted security.

(3)		Non-income producing 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 February 28, 2005, the aggregate value of the securities is $40,302,018 or 5.6% of the Trust’s net assets.

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

At February 28, 2005, the Trust had entered into a Credit Default Swap with Lehman Brothers dated September 24, 2004 whereby the Trust will receive 2.30% per year times the notional amount of $4,000,000. The Trust makes payment only upon a default event on underlying loan assets (50 in total, each representing 2% of the notional value of the swap). At February 28, 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 investments owned at February 28, 2005, as computed on a federal income tax basis, were as follows:

Aggregate cost	$	1,124,347,982
Gross unrealized appreciation	$	11,177,897
Gross unrealized depreciation	(1,870,214		)
Net unrealized appreciation	$	9,307,683

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 Floating Rate Income Trust

By:	/s/ Payson F. Swaffield
	Payson F. Swaffield
	President and Principal Executive Officer

Date:	April 14, 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/ Payson F. Swaffield
	Payson F. Swaffield
	President and Principal Executive Officer

Date:	April 14, 2005


By:	/s/ Barbara E. Campbell
	Barbara E. Campbell
	Treasurer and Principal Financial Officer

Date:	April 14, 2005