UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number	811-21411
Eaton Vance Senior Floating-Rate 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 Services)
(Registrant’s Telephone Number, Including Area Code)	(617) 482-8260
Date of Fiscal Year End	October 31
Date of Reporting Period	July 31, 2005

Item 1. Schedule of Investments

Eaton Vance Senior Floating-Rate Trust                                                                                             as of July 31, 2005

PORTFOLIO OF INVESTMENTS (Unaudited)

Senior, Floating Rate Interests — 135.6% (1)

Principal
Amount		Borrower/Tranche Description	Value
		Aerospace and Defense — 1.6%
		Alliant Tech Systems, Inc.
$	628,875	Term Loan, 4.66%, Maturing March 31, 2009	$	631,233
		Hexcel Corp.
435,778		Term Loan, 5.26%, Maturing March 1, 2012	441,565
		K&F Industries, Inc.
1,653,949		Term Loan, 6.04%, Maturing November 18, 2012	1,678,965
		Standard Aero Holdings, Inc.
1,550,687		Term Loan, 5.72%, Maturing August 24, 2012	1,572,009
		Transdigm, Inc.
1,979,962		Term Loan, 5.80%, Maturing July 22, 2010	2,012,137
		Vought Aircraft Industries, Inc.
2,174,718		Term Loan, 5.99%, Maturing December 22, 2011	2,211,688
		Wam Aquisition, S.A.
695,118		Term Loan, 6.08%, Maturing April 8, 2013	690,599
695,118		Term Loan, 6.58%, Maturing April 8, 2014	693,032
		Wyle Laboratories, Inc.
279,300		Term Loan, 5.96%, Maturing January 28, 2011	283,926
			$	10,215,154
		Air Transport — 0.3%
		United Airlines, Inc.
1,984,678		DIP Loan, 7.96%, Maturing December 31, 2005	2,008,246
			$	2,008,246
		Automotive — 6.6%
		Accuride Corp.
2,437,353		Term Loan, 5.65%, Maturing January 31, 2012	2,460,966
		Affina Group, Inc.
1,608,915		Term Loan, 6.40%, Maturing November 30, 2011	1,617,463
		Collins & Aikman Products Co.
1,980,155		Term Loan, 7.94%, Maturing August 31, 2011	1,627,971
		CSA Acquisition Corp.
419,558		Term Loan, 5.50%, Maturing December 23, 2011	420,083
674,942		Term Loan, 5.50%, Maturing December 23, 2011	675,785
		Dayco Products, LLC
2,850,666		Term Loan, 6.43%, Maturing June 23, 2011	2,876,501
		Exide Technologies
643,480		Term Loan, 6.81%, Maturing May 5, 2010	633,828
643,480		Term Loan, 8.56%, Maturing May 5, 2010	645,491
		Federal-Mogul Corp.
7,440,981		Revolving Loan, 5.24%, Maturing December 31, 2005 (2)	6,788,035
2,559,019		Term Loan, 5.74%, Maturing December 31, 2005	2,351,899

1

		Goodyear Tire & Rubber Co.
$	880,000	Term Loan, 4.67%, Maturing April 30, 2010	$	886,914
2,950,000		Term Loan, 6.32%, Maturing April 30, 2010	2,977,196
1,000,000		Term Loan, 7.07%, Maturing March 1, 2011	996,339
		HLI Operating Co., Inc.
3,540,857		Term Loan, 6.77%, Maturing June 3, 2009	3,579,806
675,000		Term Loan, 8.92%, Maturing June 3, 2010	685,125
		Key Automotive Group
1,384,004		Term Loan, 6.34%, Maturing June 29, 2010	1,390,924
		R.J. Tower Corp.
1,725,000		DIP Revolving Loan, 6.63%, Maturing February 2, 2007	1,748,539
		Tenneco Automotive, Inc.
1,994,254		Term Loan, 5.54%, Maturing December 12, 2009	2,022,507
1,656,896		Term Loan, 5.59%, Maturing December 12, 2010	1,680,369
.		TI Automotive, Ltd
1,197,280		Term Loan, 6.91%, Maturing June 30, 2011	1,173,335
		TRW Automotive, Inc.
4,574,878		Term Loan, 5.25%, Maturing June 30, 2012	4,626,821
			$	41,865,897
		Beverage and Tobacco — 2.0%
		Alliance One International, Inc.
778,050		Term Loan, 6.73%, Maturing May 13, 2010	793,125
		Constellation Brands, Inc.
4,793,908		Term Loan, 5.30%, Maturing November 30, 2011	4,874,139
		Culligan International Co.
1,175,000		Term Loan, 5.88%, Maturing September 30, 2011	1,191,891
		National Dairy Holdings, L.P.
798,000		Term Loan, 5.49%, Maturing March 15, 2012	809,471
		National Distribution Company
785,000		Term Loan, 9.96%, Maturing June 22, 2010	786,962
		Southern Wine & Spirits of America
3,789,925		Term Loan, 4.99%, Maturing May 31, 2012	3,823,876
		Sunny Delight Beverages Co.
395,294		Term Loan, 7.54%, Maturing August 20, 2010	398,259
			$	12,677,723
		Building and Development — 10.7%
		AIMCO Properties, L.P.
1,300,000		Term Loan, 5.16%, Maturing November 2, 2009	1,315,437
2,000,000		Term Loan, 5.21%, Maturing November 2, 2009	2,030,626
		Biomed Realty, L.P.
3,055,000		Term Loan, 5.59%, Maturing May 31, 2010	3,058,819
		Custom Building Products, Inc.
763,088		Term Loan, 5.74%, Maturing October 29, 2011	768,334
		DMB/CHII, LLC
632,999		Term Loan, 5.79%, Maturing March 3, 2007	634,582

2

		Formica Corp.
$	293,786	Term Loan, 8.43%, Maturing June 10, 2010	$	295,255
364,083		Term Loan, 8.43%, Maturing June 10, 2010	365,903
711,927		Term Loan, 8.43%, Maturing June 10, 2010	715,487
1,035,259		Term Loan, 8.44%, Maturing June 10, 2010	1,040,435
		FT-FIN Acquisition, LLC
1,238,862		Term Loan, 7.88%, Maturing November 17, 2007	1,241,959
		General Growth Properties, Inc.
8,663,759		Term Loan, 5.49%, Maturing November 12, 2008	8,786,854
		Hovstone Holdings, LLC
1,230,000		Term Loan, 5.59%, Maturing February 28, 2009	1,233,075
		Landsource Communities, LLC
6,011,000		Term Loan, 5.94%, Maturing March 31, 2010	6,042,936
		LNR Property Corp.
4,772,669		Term Loan, 6.21%, Maturing February 3, 2008	4,822,524
1,500,000		Term Loan, 6.21%, Maturing February 3, 2008	1,500,937
		LNR Property Holdings
935,000		Term Loan, 7.71%, Maturing February 3, 2008	932,078
		MAAX Corp.
811,800		Term Loan, 5.99%, Maturing June 4, 2011	813,829
		NCI Building Systems, Inc.
744,975		Term Loan, 5.41%, Maturing June 18, 2010	753,822
		Newkirk Master, L.P.
473,045		Term Loan, 7.95%, Maturing November 24, 2006	473,341
		Newkirk Tender Holdings, LLC
1,806,929		Term Loan, 7.99%, Maturing May 25, 2006	1,811,446
944,444		Term Loan, 9.49%, Maturing May 25, 2006	946,806
		Nortek, Inc.
2,774,013		Term Loan, 5.92%, Maturing August 27, 2011	2,801,753
		Panolam Industries Holdings, Inc.
891,116		Term Loan, 6.56%, Maturing December 3, 2010	897,799
1,181,536		Term Loan, 10.81%, Maturing June 3, 2011	1,208,121
		Ply Gem Industries, Inc.
699,129		Term Loan, 5.60%, Maturing February 12, 2011	700,877
190,942		Term Loan, 6.16%, Maturing February 12, 2011	191,419
1,299,413		Term Loan, 6.16%, Maturing February 12, 2011	1,302,661
		South Edge, LLC
612,500		Term Loan, 5.31%, Maturing October 31, 2007	615,435
787,500		Term Loan, 5.56%, Maturing October 31, 2009	795,375
		St. Marys Cement, Inc.
5,900,101		Term Loan, 5.49%, Maturing December 4, 2010	5,955,414
		Stile Acquisition Corp.
1,903,604		Term Loan, 5.66%, Maturing April 6, 2013	1,910,742
		Stile U.S. Acquisition Corp.
1,906,846		Term Loan, 5.66%, Maturing April 6, 2013	1,913,997

3

		Sugarloaf Mills, L.P.
$	1,500,000	Term Loan, 5.19%, Maturing April 7, 2007	$	1,507,500
		The Macerich Partnership, L.P.
1,390,000		Term Loan, 4.89%, Maturing July 30, 2007	1,391,737
1,210,000		Term Loan, 6.75%, Maturing April 25, 2010	1,214,537
		The Woodlands Community Property Co.
1,022,000		Term Loan, 5.59%, Maturing November 30, 2007	1,028,387
1,319,000		Term Loan, 7.59%, Maturing November 30, 2007	1,338,785
		Tousa/Kolter, LLC
2,070,000		Term Loan, 5.78%, Maturing January 7, 2008 (2)	2,080,350
		Trustreet Properties, Inc.
865,000		Term Loan, 5.34%, Maturing April 8, 2010	872,028
			$	67,311,402
		Business Equipment and Services — 3.5%
		Allied Security Holdings, LLC
1,691,479		Term Loan, 7.24%, Maturing June 30, 2010	1,721,080
		Baker & Taylor, Inc.
2,200,000		Term Loan, 10.16%, Maturing May 6, 2011	2,222,000
		Buhrmann US, Inc.
3,147,222		Term Loan, 5.82%, Maturing December 31, 2010	3,206,233
		DynCorp International, LLC
1,226,925		Term Loan, 6.06%, Maturing February 11, 2011	1,242,517
		Global Imaging Systems, Inc.
486,350		Term Loan, 4.92%, Maturing May 10, 2010	490,150
		Info USA, Inc.
852,273		Term Loan, 5.99%, Maturing March 25, 2009	854,403
844,618		Term Loan, 6.24%, Maturing June 9, 2010	846,729
		Iron Mountain, Inc.
2,315,595		Term Loan, 5.13%, Maturing April 2, 2011	2,340,777
		Language Line, Inc.
2,551,920		Term Loan, 7.90%, Maturing June 11, 2011	2,585,016
		Mitchell International, Inc.
378,953		Term Loan, 6.24%, Maturing August 13, 2011	384,992
1,237,500		Term Loan, 9.34%, Maturing August 15, 2012	1,268,437
		Protection One, Inc.
925,900		Term Loan, 6.35%, Maturing April 18, 2011	938,631
		Quintiles Transnational Corp.
1,496,146		Term Loan, 5.24%, Maturing September 25, 2009	1,504,562
		Transaction Network Services, Inc.
1,137,150		Term Loan, 5.41%, Maturing May 4, 2012	1,142,836
		Western Inventory Services
525,000		Term Loan, 10.23%, Maturing October 14, 2011	529,594
		Williams Scotsman, Inc.
750,000		Term Loan, 5.98%, Maturing June 27, 2010	759,844
			$	22,037,801

4

		Cable and Satellite Television — 8.5%
		Adelphia Communications Corp.
$	3,382,074	DIP Loan, 5.38%, Maturing March 31, 2006	$	3,395,285
		Atlantic Broadband Finance, LLC
4,294,434		Term Loan, 6.11%, Maturing September 1, 2011	4,364,219
		Bragg Communication, Inc.
1,042,125		Term Loan, 5.82%, Maturing August 31, 2011	1,054,500
		Bresnan Communications, LLC
2,000,000		Term Loan, 7.21%, Maturing September 30, 2009	2,029,376
		Canadian Cable Acquisition Co., Inc.
1,485,000		Term Loan, 6.49%, Maturing July 30, 2011	1,507,740
		Cebridge Connections, Inc.
1,491,125		Term Loan, 6.61%, Maturing February 23, 2009	1,496,717
1,580,000		Term Loan, 9.39%, Maturing February 23, 2010	1,581,975
		Charter Communications Operating, LLC
12,211,318		Term Loan, 6.93%, Maturing April 27, 2011	12,178,604
		Insight Midwest Holdings, LLC
7,126,401		Term Loan, 5.63%, Maturing December 31, 2009	7,126,401
		MCC Iowa, LLC
5,940,112		Term Loan, 5.44%, Maturing February 3, 2014	6,018,902
		Mediacom Illinois, LLC
2,805,900		Term Loan, 5.72%, Maturing March 31, 2013	2,848,182
		NTL, Inc.
2,300,000		Term Loan, 6.41%, Maturing April 13, 2012	2,323,097
		Rainbow National Services, LLC
2,779,921		Term Loan, 6.13%, Maturing March 31, 2012	2,809,110
		UGS Corp.
2,564,125		Term Loan, 5.49%, Maturing March 31, 2012	2,602,587
		UPC Broadband Holdings B.V.
2,390,000		Term Loan, 6.25%, Maturing September 30, 2012	2,409,916
			$	53,746,611
		Chemicals and Plastics — 7.7%
		Brenntag AG
2,975,000		Term Loan, 5.88%, Maturing December 9, 2011	3,012,782
		Carmeuse Lime, Inc.
622,125		Term Loan, 5.50%, Maturing May 2, 2011	626,791
		Celanese Holdings, LLC
3,610,367		Term Loan, 5.38%, Maturing April 6, 2011	3,676,935
		Hercules, Inc.
873,938		Term Loan, 5.31%, Maturing October 8, 2010	885,626
		Hexion Specialty Chemicals, Inc.
170,000		Term Loan, 5.88%, Maturing May 31, 2012	172,125
707,700		Term Loan, 5.88%, Maturing May 31, 2012	716,546
977,300		Term Loan, 5.88%, Maturing May 31, 2012	989,516

5

		Huntsman International, LLC
$	5,806,299	Term Loan, 5.75%, Maturing December 31, 2010	$	5,824,444
		Huntsman, LLC
2,046,154		Term Loan, 6.40%, Maturing March 31, 2010	2,053,827
		Innophos, Inc.
941,463		Term Loan, 5.55%, Maturing August 13, 2010	951,073
		Invista B.V.
3,601,940		Term Loan, 5.75%, Maturing April 29, 2011	3,662,723
1,562,761		Term Loan, 5.75%, Maturing April 29, 2011	1,589,133
		ISP Chemco, Inc.
1,481,250		Term Loan, 5.46%, Maturing March 27, 2011	1,499,766
		Kraton Polymer, LLC
3,300,036		Term Loan, 6.28%, Maturing December 23, 2010	3,353,662
		Mosaic Co.
1,436,400		Term Loan, 5.22%, Maturing February 21, 2012	1,456,375
		Nalco Co.
6,594,684		Term Loan, 5.65%, Maturing November 4, 2010	6,712,155
		Niagara Acquisition, Inc.
1,273,688		Term Loan, 5.50%, Maturing February 11, 2012	1,289,211
		Professional Paint, Inc.
938,437		Term Loan, 6.80%, Maturing September 30, 2011	952,514
		Rockwood Specialties Group, Inc.
4,427,750		Term Loan, 5.93%, Maturing December 10, 2012	4,507,082
		Solo Cup Co.
2,680,172		Term Loan, 5.40%, Maturing February 27, 2011	2,714,344
		Wellman, Inc.
2,250,000		Term Loan, 7.21%, Maturing February 10, 2009	2,295,000
			$	48,941,630
		Clothing/Textiles — 0.6%
		Propex Fabrics, Inc.
341,250		Term Loan, 5.74%, Maturing December 31, 2011	341,677
		SI Corp.
1,578,075		Term Loan, 7.49%, Maturing December 9, 2009	1,589,911
		St. John Knits International, Inc.
798,000		Term Loan, 6.00%, Maturing March 23, 2012	807,476
		The William Carter Co.
925,000		Term Loan, 5.24%, Maturing July 14, 2012	939,165
			$	3,678,229
		Conglomerates — 3.2%
		Amsted Industries, Inc.
3,457,940		Term Loan, 6.12%, Maturing October 15, 2010	3,504,044
		Blount, Inc.
664,131		Term Loan, 5.98%, Maturing August 9, 2010	674,093

6

		Euramax International, Inc.
$	715,000	Term Loan, 5.88%, Maturing June 28, 2012	$	727,066
501,316		Term Loan, 10.55%, Maturing June 28, 2013	502,569
248,684		Term Loan, 10.55%, Maturing June 28, 2013	249,306
		Gentek, Inc.
588,525		Term Loan, 6.09%, Maturing February 25, 2011	590,806
800,000		Term Loan, 9.35%, Maturing February 25, 2012	763,600
		Goodman Global Holdings, Inc.
1,198,975		Term Loan, 5.88%, Maturing December 23, 2011	1,217,335
		Johnson Diversey, Inc.
2,329,044		Term Loan, 4.90%, Maturing November 30, 2009	2,352,698
1,180,000		Term Loan, 4.96%, Maturing November 30, 2009	1,192,537
		Penn Engineering & Manufacturing Corp.
500,000		Term Loan, 5.97%, Maturing May 25, 2011	505,000
		Polymer Group, Inc.
486,507		Term Loan, 6.73%, Maturing April 27, 2010	496,035
1,750,000		Term Loan, 9.73%, Maturing April 27, 2011	1,790,833
		PP Acquisition Corp.
2,619,172		Term Loan, 5.74%, Maturing November 12, 2011	2,637,723
		Rexnord Corp.
953,475		Term Loan, 6.80%, Maturing December 31, 2011	966,784
2,088,160		Term Loan, 6.80%, Maturing December 31, 2011	2,117,306
			$	20,287,735
		Containers and Glass Products — 6.1%
		Ball Corp.
1,716,424		Term Loan, 4.49%, Maturing December 31, 2009	1,725,901
		Berry Plastics Corp.
2,130,719		Term Loan, 5.60%, Maturing June 30, 2010	2,166,408
		BWAY Corp.
603,260		Term Loan, 5.75%, Maturing June 30, 2011	612,592
		Consolidated Container Holding, LLC
1,188,000		Term Loan, 6.69%, Maturing December 15, 2008	1,203,592
		Crown America, Inc.
500,000		Revolving Loan, 0.00%, Maturing February 15, 2010 (2)	498,594
		Dr. Pepper/Seven Up Bottling Group, Inc.
6,239,795		Term Loan, 5.35%, Maturing December 19, 2010	6,334,952
		Graham Packaging Holdings Co.
4,378,000		Term Loan, 6.03%, Maturing October 7, 2011	4,451,423
2,000,000		Term Loan, 7.75%, Maturing April 7, 2012	2,062,916
		Graphic Packaging International, Inc.
5,666,972		Term Loan, 6.03%, Maturing August 8, 2009	5,750,209
		IPG (US), Inc.
2,174,075		Term Loan, 5.72%, Maturing July 28, 2011	2,213,932

7

		Owens-Illinois, Inc.
$	1,216,832	Term Loan, 5.12%, Maturing April 1, 2007	$	1,227,479
788,429		Term Loan, 5.19%, Maturing April 1, 2007	796,642
1,178,229		Term Loan, 5.27%, Maturing April 1, 2008	1,189,274
		Smurfit-Stone Container Corp.
589,195		Term Loan, 3.33%, Maturing November 1, 2010	599,138
1,489,203		Term Loan, 5.38%, Maturing November 1, 2011	1,513,868
4,685,187		Term Loan, 5.47%, Maturing November 1, 2011	4,762,788
		U.S. Can Corp.
1,481,250		Term Loan, 7.65%, Maturing January 15, 2010	1,488,656
			$	38,598,364
		Cosmetics/Toiletries — 0.8%
		American Safety Razor Co.
962,587		Term Loan, 6.01%, Maturing February 28, 2012	974,620
		Church & Dwight Co., Inc.
1,555,363		Term Loan, 5.24%, Maturing May 30, 2011	1,573,509
		Prestige Brands, Inc.
1,777,500		Term Loan, 5.38%, Maturing April 7, 2011	1,796,756
		Revlon Consumer Products Corp.
945,000		Term Loan, 9.43%, Maturing July 9, 2010	979,256
			$	5,324,141
		Drugs — 0.7%
		Warner Chilcott Corp.
2,909,447		Term Loan, 6.07%, Maturing January 18, 2012	2,943,997
1,172,365		Term Loan, 6.18%, Maturing January 18, 2012	1,186,287
541,600		Term Loan, 6.18%, Maturing January 18, 2012	548,031
			$	4,678,315
		Ecological Services and Equipment — 2.3%
		Alderwoods Group, Inc.
250,652		Term Loan, 5.35%, Maturing September 29, 2009	254,020
		Allied Waste Industries, Inc.
1,324,185		Term Loan, 4.87%, Maturing January 15, 2010	1,333,869
3,469,280		Term Loan, 5.54%, Maturing January 15, 2012	3,497,107
		Envirocare of Utah, LLC
1,570,227		Term Loan, 6.11%, Maturing April 15, 2010	1,591,818
		Environmental Systems Products Holdings, Inc.
1,410,521		Term Loan, 6.94%, Maturing December 12, 2008	1,437,850
2,500,000		Term Loan, 13.50%, Maturing December 12, 2010	2,571,875
		IESI Corp.
970,588		Term Loan, 5.55%, Maturing January 20, 2012	985,147
		Sensus Metering Systems, Inc.
381,522		Term Loan, 6.02%, Maturing December 17, 2010	386,132
2,543,478		Term Loan, 6.02%, Maturing December 17, 2010	2,574,211
			$	14,632,029

8

		Electronics/Electrical — 3.4%
		AMI Semiconductor, Inc.
$	1,187,025	Term Loan, 4.99%, Maturing April 1, 2012	$	1,193,949
		Communications & Power, Inc.
1,022,222		Term Loan, 5.38%, Maturing July 23, 2010	1,039,472
1,089,000		Term Loan, 5.34%, Maturing March 17, 2011	1,096,487
		Fairchild Semiconductor Corp.
1,963,872		Term Loan, 5.35%, Maturing December 31, 2010	1,985,966
		Invensys International Holdings Ltd.
3,040,065		Term Loan, 6.88%, Maturing September 5, 2009	3,085,666
		Rayovac Corp.
3,730,650		Term Loan, 5.48%, Maturing February 7, 2012	3,783,502
		Seagate Technology Holdings, Inc.
2,134,000		Term Loan, 5.50%, Maturing November 22, 2006	2,167,788
		Security Co., Inc.
990,000		Term Loan, 7.50%, Maturing June 30, 2010	998,662
1,000,000		Term Loan, 11.25%, Maturing June 30, 2011	1,013,750
		Telcordia Technologies, Inc.
1,975,050		Term Loan, 6.07%, Maturing September 15, 2012	1,971,347
		United Online, Inc.
262,833		Term Loan, 6.73%, Maturing December 13, 2008	264,147
		Vertafore, Inc.
1,440,577		Term Loan, 6.06%, Maturing December 22, 2010	1,449,581
500,000		Term Loan, 9.51%, Maturing December 22, 2011	507,500
		Viasystems, Inc.
993,130		Term Loan, 7.64%, Maturing September 30, 2009	1,003,061
			$	21,560,878
		Equipment Leasing — 1.5%
		Ashtead Group, PLC
1,000,000		Term Loan, 5.56%, Maturing November 12, 2009	1,015,000
		Maxim Crane Works, L.P.
1,450,000		Term Loan, 8.94%, Maturing January 28, 2012	1,511,625
		United Rentals, Inc.
1,121,250		Term Loan, 3.34%, Maturing February 14, 2011	1,137,601
5,536,172		Term Loan, 5.73%, Maturing February 14, 2011	5,609,526
			$	9,273,752
		Farming/Agriculture — 0.3%
		Central Garden & Pet Co.
1,529,715		Term Loan, 5.19%, Maturing May 15, 2009	1,548,836
			$	1,548,836
		Financial Intermediaries — 1.6%
		Coinstar, Inc.
579,063		Term Loan, 5.55%, Maturing July 7, 2011	587,749

9

		Fidelity National Information Solutions, Inc.
$	6,473,775	Term Loan, 5.10%, Maturing March 9, 2013	$	6,494,582
		Refco Group Ltd., LLC
2,761,150		Term Loan, 5.48%, Maturing August 5, 2011	2,779,097
			$	9,861,428
		Food Products — 5.1%
		Acosta Sales Co., Inc.
992,500		Term Loan, 5.35%, Maturing August 13, 2010	1,006,458
		American Seafoods Holdings, LLC
1,629,294		Term Loan, 6.74%, Maturing March 31, 2009	1,641,005
		Atkins Nutritional, Inc.
928,753		Term Loan, 8.25%, Maturing November 26, 2009 (3)	594,402
		Chiquita Brands, LLC
1,190,000		Term Loan, 5.84%, Maturing June 28, 2012	1,210,081
		Del Monte Corp.
867,367		Term Loan, 5.18%, Maturing February 8, 2012	878,968
		Doane Pet Care Co.
2,104,100		Term Loan, 7.41%, Maturing November 5, 2009	2,144,429
		Dole Food Co., Inc.
1,653,491		Term Loan, 5.18%, Maturing April 18, 2012	1,673,901
		Herbalife International, Inc.
431,200		Term Loan, 5.37%, Maturing December 21, 2010	434,434
		Interstate Brands Corp.
1,047,089		Term Loan, 7.63%, Maturing July 19, 2007	1,043,686
		Merisant Co.
3,292,506		Term Loan, 6.93%, Maturing January 11, 2010	3,218,424
		Michael Foods, Inc.
4,016,107		Term Loan, 5.29%, Maturing November 21, 2010	4,086,389
6,000,000		Term Loan, 6.59%, Maturing November 21, 2011	6,153,750
		Pinnacle Foods Holdings Corp.
5,579,375		Term Loan, 6.76%, Maturing November 25, 2010	5,643,013
		Reddy Ice Group, Inc.
2,032,378		Term Loan, 5.99%, Maturing July 31, 2009	2,055,243
677,459		Term Loan, 5.99%, Maturing July 31, 2009	681,482
			$	32,465,665
		Food Service — 3.5%
		AFC Enterprises, Inc.
1,580,000		Term Loan, 5.75%, Maturing May 11, 2011	1,599,750
		Arby’s Restaurant Group, Inc.
335,000		Term Loan, 5.73%, Maturing July 25, 2012	339,571
		Buffets, Inc.
418,182		Term Loan, 6.78%, Maturing June 28, 2009	421,318
1,997,337		Term Loan, 7.16%, Maturing June 28, 2009	2,012,317
		Burger King Corp.
1,420,000		Term Loan, 5.19%, Maturing June 30, 2012	1,443,815

10

		Carrols Corp.
$	2,532,275	Term Loan, 6.00%, Maturing December 31, 2010	$	2,570,786
		CKE Restaurants, Inc.
426,127		Term Loan, 5.50%, Maturing May 1, 2010	430,388
		Denny’s, Inc.
965,154		Term Loan, 6.72%, Maturing September 21, 2009	991,093
		Domino’s, Inc.
6,376,462		Term Loan, 5.25%, Maturing June 25, 2010	6,478,091
		Gate Gourmet Borrower, LLC
1,468,887		Term Loan, 9.65%, Maturing December 31, 2008	1,452,362
		Jack in the Box, Inc.
2,955,001		Term Loan, 5.18%, Maturing January 8, 2011	2,992,863
		Ruth’s Chris Steak House, Inc.
721,429		Term Loan, 6.50%, Maturing March 11, 2011	723,232
		Weight Watchers International, Inc.
918,063		Term Loan, 5.11%, Maturing March 31, 2010	928,391
			$	22,383,977
		Food/Drug Retailers — 1.8%
		Cumberland Farms, Inc.
887,200		Term Loan, 5.22%, Maturing September 8, 2008	892,191
		General Nutrition Centers, Inc.
1,000,000		Revolving Loan, 0.00%, Maturing December 7, 2009 (2)	980,000
1,015,762		Term Loan, 6.50%, Maturing December 7, 2009	1,026,766
		Giant Eagle, Inc.
1,969,107		Term Loan, 5.22%, Maturing August 6, 2009	1,996,182
		Rite Aid Corp.
1,682,288		Term Loan, 5.11%, Maturing September 22, 2009	1,698,409
		The Jean Coutu Group (PJC), Inc.
2,654,938		Term Loan, 5.94%, Maturing July 30, 2011	2,700,571
		The Pantry, Inc.
2,076,659		Term Loan, 5.74%, Maturing March 12, 2011	2,107,809
			$	11,401,928
		Forest Products — 2.4%
		Appleton Papers, Inc.
1,919,200		Term Loan, 5.64%, Maturing June 11, 2010	1,938,392
		Boise Cascade Holdings, LLC
3,674,712		Term Loan, 5.25%, Maturing October 29, 2011	3,734,658
		Buckeye Technologies, Inc.
3,138,958		Term Loan, 5.34%, Maturing April 15, 2010	3,184,081
		Escanaba Timber, LLC
590,000		Term Loan, 6.00%, Maturing May 2, 2008	601,063
		Koch Cellulose, LLC
197,887		Term Loan, 4.84%, Maturing May 7, 2011	200,484
644,409		Term Loan, 4.84%, Maturing May 7, 2011	652,867

11

		NewPage Corp.
$	2,650,000	Term Loan, 6.38%, Maturing May 2, 2011	$	2,703,000
		RLC Industries Co.
1,168,071		Term Loan, 4.99%, Maturing February 24, 2010	1,174,399
		Xerium Technologies, Inc.
900,000		Term Loan, 5.07%, Maturing May 18, 2012	913,782
			$	15,102,726
		Healthcare — 8.3%
		Accredo Health, Inc.
1,832,817		Term Loan, 5.24%, Maturing June 30, 2011	1,839,690
		Alliance Imaging, Inc.
1,119,752		Term Loan, 5.87%, Maturing December 29, 2011	1,136,549
		AMN Healthcare, Inc.
1,367,979		Term Loan, 6.49%, Maturing October 2, 2008	1,388,499
		AMR HoldCo, Inc.
1,770,563		Term Loan, 5.67%, Maturing February 10, 2012	1,799,888
		Carl Zeiss Topco GMBH
368,333		Term Loan, 6.24%, Maturing February 28, 2013	369,714
736,667		Term Loan, 6.74%, Maturing February 28, 2014	743,113
375,000		Term Loan, 8.99%, Maturing August 31, 2014	381,094
		Colgate Medical, Ltd.
1,104,545		Term Loan, 5.48%, Maturing December 30, 2008	1,116,281
		Community Health Systems, Inc.
7,187,160		Term Loan, 5.07%, Maturing August 19, 2011	7,292,725
		Concentra Operating Corp.
3,633,776		Term Loan, 6.01%, Maturing June 30, 2009	3,686,012
		Conmed Corp.
1,201,652		Term Loan, 5.71%, Maturing December 31, 2009	1,216,485
		Encore Medical IHC, Inc.
1,560,000		Term Loan, 6.40%, Maturing October 4, 2010	1,582,425
		Envision Worldwide, Inc.
1,289,167		Term Loan, 8.56%, Maturing September 30, 2010	1,295,613
		Express Scripts, Inc.
1,481,250		Term Loan, 4.77%, Maturing February 13, 2010	1,496,063
		FHC Health Systems, Inc.
928,571		Term Loan, 8.91%, Maturing December 18, 2009	937,857
650,000		Term Loan, 11.91%, Maturing December 18, 2009	656,500
500,000		Term Loan, 12.23%, Maturing February 7, 2011	501,875
		Healthcare Partners, LLC
404,875		Term Loan, 5.82%, Maturing March 2, 2011	408,418
		Healthsouth Corp.
925,000		Term Loan, 5.98%, Maturing June 14, 2007	937,574
260,000		Term Loan, 3.09%, Maturing March 21, 2010	263,534
		Kinetic Concepts, Inc.
2,078,049		Term Loan, 5.24%, Maturing August 11, 2009	2,102,726

12

		Knowledge Learning Corp.
$	3,779,222	Term Loan, 5.99%, Maturing January 7, 2012	$	3,807,566
		Leiner Health Products, Inc.
985,050		Term Loan, 6.38%, Maturing May 27, 2011	1,001,057
		Lifepoint Hospitals, Inc.
3,742,200		Term Loan, 5.01%, Maturing April 15, 2012	3,780,292
		Magellan Health Services, Inc.
1,111,111		Term Loan, 5.78%, Maturing August 15, 2008	1,126,389
1,638,889		Term Loan, 5.86%, Maturing August 15, 2008	1,663,472
		National Mentor, Inc.
1,299,405		Term Loan, 5.73%, Maturing September 30, 2011	1,316,459
		Select Medical Holding Corp.
1,441,387		Term Loan, 5.04%, Maturing February 24, 2012	1,449,046
		Sunrise Medical Holdings, Inc.
968,577		Term Loan, 6.70%, Maturing May 13, 2010	969,788
		Talecris Biotherapeutics, Inc.
1,007,475		Term Loan, 6.54%, Maturing March 31, 2010	1,009,994
		Team Health, Inc.
1,723,432		Term Loan, 6.24%, Maturing March 23, 2011	1,723,432
		Vanguard Health Holding Co., LLC
995,000		Term Loan, 6.35%, Maturing September 23, 2005	1,012,413
1,225,738		Term Loan, 6.74%, Maturing September 23, 2011	1,247,188
		VWR International, Inc.
1,189,933		Term Loan, 6.14%, Maturing April 7, 2011	1,205,924
			$	52,465,655
		Home Furnishings — 2.3%
		Jarden Corp.
2,946,150		Term Loan, 5.47%, Maturing January 24, 2012	2,974,297
		Knoll, Inc.
2,774,588		Term Loan, 6.44%, Maturing September 30, 2011	2,819,675
		Sealy Mattress Co.
2,443,009		Term Loan, 5.13%, Maturing April 6, 2012	2,467,439
		Simmons Co.
5,406,210		Term Loan, 5.82%, Maturing December 19, 2011	5,458,018
		Termpur-Pedic, Inc.
987,406		Term Loan, 5.74%, Maturing June 30, 2009	997,897
			$	14,717,326
		Industrial Equipment — 1.7%
		Alliance Laundry Holdings, LLC
1,004,250		Term Loan, 5.59%, Maturing January 27, 2012	1,020,569
		Chart Industries, Inc.
2,468,366		Term Loan, 6.94%, Maturing September 15, 2009	2,474,537
		Douglas Dynamics Holdings, Inc.
995,000		Term Loan, 5.48%, Maturing December 16, 2010	1,007,438

13

		Flowserve Corp.
$	1,964,157	Term Loan, 6.22%, Maturing June 30, 2009	$	1,977,252
		Gleason Corp.
462,480		Term Loan, 6.28%, Maturing July 27, 2011	467,490
1,250,000		Term Loan, 8.60%, Maturing January 31, 2012	1,271,875
		Itron, Inc.
784,616		Term Loan, 5.28%, Maturing December 17, 2010	793,933
		National Waterworks, Inc.
885,246		Term Loan, 5.99%, Maturing November 22, 2009	897,418
		Terex Corp.
798,481		Term Loan, 5.68%, Maturing June 30, 2009	809,960
			$	10,720,472
		Insurance — 1.3%
		Alliant Resources Group, Inc.
1,386,000		Term Loan, 6.88%, Maturing August 31, 2011	1,396,395
		CCC Information Services Group
1,003,342		Term Loan, 6.24%, Maturing August 20, 2010	1,018,392
		Conseco, Inc.
4,316,255		Term Loan, 6.99%, Maturing June 22, 2010	4,358,519
		U.S.I. Holdings Corp.
1,248,725		Term Loan, 6.18%, Maturing August 11, 2008	1,254,188
			$	8,027,494
		Leisure Goods/Activities/Movies — 8.1%
		24 Hour Fitness Worldwide, Inc.
1,675,000		Term Loan, 6.78%, Maturing June 8, 2012	1,702,743
		Alliance Atlantis Communications, Inc.
623,438		Term Loan, 5.27%, Maturing December 20, 2011	633,179
		AMF Bowling Worldwide, Inc.
1,774,957		Term Loan, 6.58%, Maturing August 27, 2009	1,789,934
		Cinemark, Inc.
1,975,000		Term Loan, 5.18%, Maturing March 31, 2011	2,003,144
		Fender Musical Instruments Co.
705,000		Term Loan, 7.71%, Maturing March 30, 2012	713,813
		Loews Cineplex Entertainment Corp.
5,052,353		Term Loan, 5.64%, Maturing July 30, 2011	5,093,797
		Metro-Goldwyn-Mayer Holdings
10,065,000		Term Loan, 5.74%, Maturing April 8, 2012	10,185,780
		Regal Cinemas Corp.
7,485,987		Term Loan, 5.24%, Maturing November 10, 2010	7,574,883
		Six Flags Theme Parks, Inc.
7,843,398		Term Loan, 6.19%, Maturing June 30, 2008	7,961,048
		Universal City Development Partners, Ltd.
1,850,700		Term Loan, 5.46%, Maturing June 9, 2011	1,875,375

14

		WMG Acquisition Corp.
$	875,000	Revolving Loan, 0.00%, Maturing February 28, 2010 (2)	$	853,399
9,986,948		Term Loan, 5.45%, Maturing February 28, 2011	10,095,736
		Yankees Holdings & YankeeNets, LLC
400,714		Term Loan, 5.53%, Maturing June 25, 2007	403,720
			$	50,886,551
		Lodging and Casinos — 4.9%
		Alliance Gaming Corp.
4,963,164		Term Loan, 6.77%, Maturing September 5, 2009	4,974,798
		Ameristar Casinos, Inc.
505,106		Term Loan, 5.50%, Maturing December 20, 2006	511,841
		Argosy Gaming Co.
2,109,063		Term Loan, 6.75%, Maturing June 30, 2011	2,116,092
		CNL Hospitality Partners, L.P.
289,678		Term Loan, 5.85%, Maturing October 13, 2006	290,402
		CNL Resort Hotel, L.P.
1,560,000		Term Loan, 6.56%, Maturing August 18, 2006	1,563,900
		Globalcash Access, LLC
944,356		Term Loan, 5.74%, Maturing March 10, 2010	959,898
		Green Valley Ranch Gaming, LLC
1,243,751		Term Loan, 5.49%, Maturing December 17, 2011	1,260,075
		Isle of Capri Casinos, Inc.
2,263,625		Term Loan, 5.19%, Maturing February 4, 2012	2,290,859
		Marina District Finance Co., Inc.
2,761,125		Term Loan, 4.99%, Maturing October 14, 2011	2,785,859
		Pinnacle Entertainment, Inc.
1,486,425		Term Loan, 0.00%, Maturing August 27, 2010 (2)	1,492,928
1,375,000		Term Loan, 6.49%, Maturing August 27, 2010	1,395,625
		Resorts International Holdings, LLC
1,075,062		Term Loan, 5.99%, Maturing April 26, 2012	1,089,172
1,400,000		Term Loan, 9.07%, Maturing April 26, 2013	1,410,718
		Seminole Tribe of Florida
625,000		Term Loan, 5.38%, Maturing September 30, 2011	635,156
		Venetian Casino Resort, LLC
707,898		Term Loan, 0.00%, Maturing June 15, 2011	715,862
3,433,304		Term Loan, 5.24%, Maturing June 15, 2011	3,479,897
		Wyndham International, Inc.
246,552		Term Loan, 3.25%, Maturing May 10, 2011	247,784
2,606,915		Term Loan, 6.63%, Maturing May 10, 2011	2,625,163
		Wynn Las Vegas, LLC
1,225,000		Term Loan, 5.62%, Maturing December 14, 2011	1,239,853
			$	31,085,882
		Nonferrous Metals/Minerals — 2.2%
		Compass Minerals Group, Inc.
176,382		Term Loan, 5.92%, Maturing November 28, 2009	178,146

15

		Foundation Coal Corp.
$	1,453,989	Term Loan, 5.54%, Maturing July 30, 2011	$	1,480,443
		ICG, LLC
1,836,125		Term Loan, 6.10%, Maturing November 5, 2010	1,865,196
		International Mill Service, Inc.
2,000,000		Term Loan, 9.24%, Maturing October 26, 2011	2,030,000
		Magnequench, Inc.
832,372		Term Loan, 10.88%, Maturing September 30, 2009	832,372
1,300,000		Term Loan, 14.38%, Maturing December 31, 2009	1,300,000
		Murray Energy Corp.
927,675		Term Loan, 6.49%, Maturing January 28, 2010	934,053
		Novelis, Inc.
1,486,058		Term Loan, 4.96%, Maturing January 6, 2012	1,507,420
2,581,731		Term Loan, 4.96%, Maturing January 6, 2012	2,618,843
		Trout Coal Holdings, LLC
1,400,000		Term Loan, 8.50%, Maturing March 23, 2012	1,407,438
			$	14,153,911
		Oil and Gas — 5.0%
		Coffeyville Resources, LLC
850,000		Term Loan, 10.31%, Maturing June 24, 2013	880,281
		Dresser Rand Group, Inc.
1,370,572		Term Loan, 5.45%, Maturing October 29, 2011	1,392,201
		Dresser, Inc.
1,132,534		Term Loan, 5.99%, Maturing March 31, 2007	1,144,803
		Dynegy Holdings, Inc.
3,118,500		Term Loan, 7.34%, Maturing May 28, 2010	3,144,162
		El Paso Corp.
1,973,625		Term Loan, 5.27%, Maturing November 23, 2009	1,993,515
3,249,903		Term Loan, 6.24%, Maturing November 23, 2009	3,293,318
		Energy Transfer Company, L.P.
1,610,000		Term Loan, 6.47%, Maturing June 16, 2012	1,632,943
		Getty Petroleum Marketing, Inc.
1,907,481		Term Loan, 6.49%, Maturing May 19, 2010	1,931,325
		Kerr-McGee Corp.
2,355,000		Term Loan, 5.71%, Maturing May 24, 2007	2,372,663
4,285,000		Term Loan, 5.79%, Maturing May 24, 2011	4,364,127
		LB Pacific, L.P.
1,017,450		Term Loan, 6.15%, Maturing March 3, 2012	1,032,076
		Lyondell-Citgo Refining, L.P.
2,660,631		Term Loan, 5.51%, Maturing May 21, 2007	2,702,204
		Universal Compression, Inc.
1,035,000		Term Loan, 5.24%, Maturing February 15, 2012	1,049,393
		Williams Production RMT Co.
4,678,750		Term Loan, 5.64%, Maturing May 30, 2008	4,731,386
			$	31,664,397

16

		Publishing — 6.4%
		American Media Operations, Inc.
$	552,106	Term Loan, 6.25%, Maturing April 1, 2007	$	559,583
3,735,213		Term Loan, 6.25%, Maturing April 1, 2008	3,785,795
		CBD Media, LLC
2,292,082		Term Loan, 5.84%, Maturing December 31, 2009	2,327,896
		Dex Media East, LLC
5,651,697		Term Loan, 5.08%, Maturing May 8, 2009	5,733,647
		Dex Media West, LLC
4,392,122		Term Loan, 5.13%, Maturing March 9, 2010	4,458,254
		Freedom Communications Holdings, Inc.
1,158,671		Term Loan, 4.83%, Maturing May 18, 2012	1,172,720
		Herald Media, Inc.
282,150		Term Loan, 5.56%, Maturing July 22, 2011	284,619
625,000		Term Loan, 8.99%, Maturing January 22, 2012	631,641
		Lamar Media Corp.
2,228,402		Term Loan, 5.06%, Maturing June 30, 2010	2,255,978
		Liberty Group Operating, Inc
1,334,717		Term Loan, 5.63%, Maturing February 28, 2012	1,348,342
		Merrill Communications, LLC
1,320,212		Term Loan, 5.99%, Maturing February 9, 2009	1,331,764
		Morris Publishing Group, LLC
429,000		Term Loan, 5.00%, Maturing September 30, 2010	433,424
656,700		Term Loan, 5.25%, Maturing March 31, 2011	664,704
		Nebraska Book Co., Inc.
1,441,750		Term Loan, 5.88%, Maturing March 4, 2011	1,461,574
		R.H. Donnelley Corp.
204,750		Term Loan, 5.21%, Maturing December 31, 2009	207,267
5,321,354		Term Loan, 5.20%, Maturing June 30, 2011	5,400,153
		Source Media, Inc.
1,385,412		Term Loan, 5.74%, Maturing August 30, 2012	1,407,059
250,000		Term Loan, 8.87%, Maturing August 30, 2012	254,297
		SP Newsprint Co.
3,866,667		Term Loan, 3.43%, Maturing January 9, 2010	3,898,083
1,643,333		Term Loan, 5.74%, Maturing January 9, 2010	1,669,010
		Sun Media Corp.
1,279,149		Term Loan, 5.68%, Maturing February 7, 2009	1,296,738
			$	40,582,548
		Radio and Television — 4.9%
		Adams Outdoor Advertising, L.P.
1,447,254		Term Loan, 5.64%, Maturing October 15, 2011	1,469,867
		ALM Media Holdings, Inc.
1,127,175		Term Loan, 5.99%, Maturing March 5, 2010	1,129,993
		CanWest Media, Inc.
2,714,971		Term Loan, 5.64%, Maturing August 15, 2009	2,753,434

17

		DirecTV Holdings, LLC
$	3,896,667	Term Loan, 4.91%, Maturing April 13, 2013	$	3,941,548
		Gray Television, Inc.
1,150,000		Term Loan, 5.01%, Maturing December 31, 2012	1,158,266
		NEP Supershooters, L.P.
1,648,008		Term Loan, 11.48%, Maturing August 3, 2011	1,631,528
		Nexstar Broadcasting, Inc.
1,831,593		Term Loan, 5.24%, Maturing October 1, 2012	1,845,330
1,933,407		Term Loan, 5.24%, Maturing October 1, 2012	1,951,935
		PanAmSat Corp.
5,090,617		Term Loan, 5.65%, Maturing August 20, 2011	5,176,099
		Raycom TV Broadcasting, Inc.
2,275,000		Term Loan, 5.50%, Maturing February 24, 2012	2,297,750
		Spanish Broadcasting System
1,200,000		Term Loan, 7.03%, Maturing June 10, 2013	1,217,250
		Susquehanna Media Co.
5,236,875		Term Loan, 5.30%, Maturing March 9, 2012	5,302,336
		Young Broadcasting, Inc.
735,000		Term Loan, 5.64%, Maturing November 3, 2012	742,657
			$	30,617,993
		Rail Industries — 0.5%
		Kansas City Southern Railway Co.
686,550		Term Loan, 5.16%, Maturing March 30, 2008	697,277
		Railamerica, Inc.
1,874,656		Term Loan, 5.56%, Maturing September 29, 2011	1,906,680
221,605		Term Loan, 5.56%, Maturing September 29, 2011	225,390
			$	2,829,347
		Retailers (Except Food and Drug) — 4.5%
		Advance Stores Company, Inc.
1,515,220		Term Loan, 5.13%, Maturing September 30, 2010	1,530,372
896,191		Term Loan, 5.16%, Maturing September 30, 2010	905,153
		Alimentation Couche-Tard, Inc.
1,206,122		Term Loan, 5.19%, Maturing December 17, 2010	1,218,561
		American Achievement Corp.
628,286		Term Loan, 6.00%, Maturing March 25, 2011	634,176
		Amscan Holdings, Inc.
992,481		Term Loan, 6.34%, Maturing April 30, 2012	1,002,406
		Coinmach Laundry Corp.
2,151,547		Term Loan, 6.40%, Maturing July 25, 2009	2,179,786
		FTD, Inc.
2,433,980		Term Loan, 5.74%, Maturing February 28, 2011	2,467,447
		Harbor Freight Tools USA, Inc.
2,118,991		Term Loan, 5.78%, Maturing July 15, 2010	2,146,538
		Home Interiors & Gifts, Inc.
1,104,384		Term Loan, 8.38%, Maturing March 31, 2011	1,054,226

18

		Josten’s Corp.
$	3,942,500	Term Loan, 5.94%, Maturing October 4, 2010	$	4,006,566
		Mapco Express, Inc.
609,000		Term Loan, 6.21%, Maturing April 28, 2011	619,658
		Movie Gallery, Inc.
1,065,000		Term Loan, 6.49%, Maturing April 27, 2011	1,075,983
		Oriental Trading Co., Inc.
912,838		Term Loan, 6.00%, Maturing August 4, 2010	918,543
		Petro Stopping Center, L.P.
531,250		Term Loan, 5.94%, Maturing February 9, 2007	537,891
		Rent-A-Center, Inc.
1,989,950		Term Loan, 5.34%, Maturing June 30, 2010	2,013,829
		Riddell Bell Holdings, Inc.
496,250		Term Loan, 5.99%, Maturing September 30, 2011	503,591
		Savers, Inc.
1,112,364		Term Loan, 6.41%, Maturing August 4, 2009	1,120,707
1,000,000		Term Loan, 10.48%, Maturing August 4, 2010	1,017,500
		Stewert Enterprises, Inc.
426,085		Term Loan, 5.01%, Maturing November 19, 2011	430,080
		Travelcenters of America, Inc.
3,090,000		Term Loan, 5.09%, Maturing November 30, 2008	3,129,107
			$	28,512,120
		Surface Transport — 0.8%
		Horizon Lines, LLC
940,500		Term Loan, 5.99%, Maturing July 7, 2011	954,215
		NFIL Holdings Corp.
428,571		Term Loan, 4.84%, Maturing February 27, 2010	435,000
1,090,768		Term Loan, 5.48%, Maturing February 27, 2010	1,105,766
		Sirva Worldwide, Inc.
2,482,353		Term Loan, 6.45%, Maturing December 1, 2010	2,399,609
			$	4,894,590
		Telecommunications — 6.7%
		Alaska Communications Systems Holdings, Inc.
990,000		Term Loan, 5.49%, Maturing February 1, 2011	1,004,953
		American Tower, L.P.
2,932,650		Term Loan, 4.96%, Maturing August 31, 2011	2,969,308
		Centennial Cellular Operating Co., LLC
4,789,375		Term Loan, 5.68%, Maturing February 9, 2011	4,867,629
		Consolidated Communications, Inc.
2,073,752		Term Loan, 5.77%, Maturing July 27, 2015	2,107,450
		D&E Communications, Inc.
984,895		Term Loan, 5.33%, Maturing December 31, 2011	992,281
		Fairpoint Communications, Inc.
2,230,000		Term Loan, 5.55%, Maturing February 8, 2012	2,262,056

19

		Hawaiian Telcom Communications, Inc.
$	750,000	Term Loan, 5.73%, Maturing October 31, 2012	$	760,898
		Iowa Telecommunications Services, Inc.
2,616,000		Term Loan, 5.50%, Maturing November 23, 2011	2,655,648
		Metrocall, Inc. & Arch Wireless Operating
92,186		Term Loan, 5.93%, Maturing November 16, 2006	92,877
		NTelos, Inc.
1,213,900		Term Loan, 5.99%, Maturing February 18, 2011	1,217,997
		Qwest Corp.
4,000,000		Term Loan, 8.10%, Maturing June 4, 2007	4,137,188
		SBA Senior Finance, Inc.
3,756,427		Term Loan, 5.55%, Maturing October 31, 2008	3,816,688
		Spectrasite Communications, Inc.
3,243,700		Term Loan, 4.91%, Maturing May 19, 2012	3,277,827
		Stratos Global Corp.
1,063,000		Term Loan, 5.74%, Maturing December 3, 2010	1,074,627
		Triton PCS, Inc.
1,527,325		Term Loan, 6.74%, Maturing November 18, 2009	1,536,871
		Valor Telecom Enterprise, LLC
2,373,167		Term Loan, 5.49%, Maturing February 14, 2012	2,404,739
		Westcom Corp.
854,492		Term Loan, 6.43%, Maturing December 17, 2010	860,901
1,000,000		Term Loan, 10.68%, Maturing May 17, 2011	1,022,500
		Western Wireless Corp.
5,205,663		Term Loan, 6.90%, Maturing May 28, 2011	5,223,789
			$	42,286,227
		Utilities — 3.8%
		Allegheny Energy Supply Co., LLC
3,482,446		Term Loan, 5.18%, Maturing March 8, 2011	3,482,446
		Cellnet Technology, Inc.
585,000		Term Loan, 6.68%, Maturing April 26, 2012	585,000
		Cogentrix Delaware Holdings, Inc.
1,745,176		Term Loan, 5.24%, Maturing January 14, 2012	1,767,536
		Covanta Energy Corp.
1,050,407		Term Loan, 3.36%, Maturing June 24, 2012	1,066,819
849,594		Term Loan, 6.46%, Maturing June 24, 2012	864,461
725,000		Term Loan, 8.96%, Maturing June 24, 2013	726,359
		KGen, LLC
897,750		Term Loan, 6.12%, Maturing August 5, 2011	893,261
		NRG Energy, Inc.
2,023,982		Term Loan, 3.39%, Maturing December 24, 2011	2,049,462
2,561,377		Term Loan, 5.37%, Maturing December 24, 2011	2,593,622
		Pike Electric, Inc.
424,668		Term Loan, 5.63%, Maturing July 1, 2012	429,976
1,882,560		Term Loan, 5.69%, Maturing July 1, 2012	1,906,092

20

		Plains Resources, Inc.
$	1,037,858	Term Loan, 5.49%, Maturing December 17, 2010	$	1,049,534
		Reliant Energy, Inc.
1,500,330		Term Loan, 6.07%, Maturing December 22, 2010	1,519,201
		Texas Genco, LLC
1,462,168		Term Loan, 5.41%, Maturing December 14, 2011	1,485,798
3,522,286		Term Loan, 5.41%, Maturing December 14, 2011	3,579,209
			$	23,998,776
		Total Senior, Floating Rate Interests (identified cost $850,764,483)	$	857,045,756

Corporate Bonds & Notes — 16.0%

Principal
Amount
(000’s omitted)		Security	Value
		Aerospace and Defense — 0.3%
		Argo Tech Corp., Sr. Notes
$	840	9.25%, 6/1/11	$	919,800
		BE Aerospace, Sr. Sub. Notes, Series B
60		8.00%, 3/1/08	60,449
		L-3 Communications Corp., Sr. Sub. Notes
95		6.375%, 10/15/15 (4)	96,425
		Sequa Corp.
500		8.875%, 4/1/08	543,750
		Standard Aero Holdings, Inc., Sr. Sub. Notes
30		8.25%, 9/1/14 (4)	31,800
			$	1,652,224
		Air Transport — 0.3%
		American Airlines
750		7.80%, 10/1/06	720,530
		AMR Corp.
175		9.00%, 8/1/12	140,875
		Continental Airlines
668		7.033%, 6/15/11	574,617
		Delta Airlines Notes
1,000		7.90%, 12/15/09	270,000
		Northwest Airlines, Inc.
40		8.875%, 6/1/06	27,400
			$	1,733,422
		Automotive — 0.8%
		Altra Industrial Motion, Inc.
60		9.00%, 12/1/11 (4)	57,000
		Commercial Vehicle Group, Inc., Sr. Notes
100		8.00%, 7/1/13 (4)	105,000

21

		Dana Credit Corp.
$	100	8.375%, 8/15/07 (4)	$	103,495
		Delphi Corp.
345		6.55%, 6/15/06	340,256
		Ford Motor Credit Co.
1,055		7.875%, 6/15/10	1,065,883
		General Motors Acceptance Corp.
45		6.125%, 9/15/06	45,309
395		7.00%, 2/1/12	380,057
		Keystone Automotive Operations, Inc., Sr. Sub. Notes
1,320		9.75%, 11/1/13	1,353,000
		Metaldyne Corp., Sr. Notes
575		10.00%, 11/1/13 (4)	508,875
		Tenneco Automotive, Inc.
255		8.625%, 11/15/14	267,750
		Tenneco Automotive, Inc., Series B
255		10.25%, 7/15/13	291,975
		Visteon Corp., Sr. Notes
180		8.25%, 8/1/10	174,600
			$	4,693,200
		Brokers/Dealers/Investment Houses — 0.1%
		E*Trade Financial Corp., Sr. Notes
295		8.00%, 6/15/11	314,912
		Residential Capital Corp.
155		6.875%, 6/30/15 (4)	161,653
			$	476,565
		Building and Development — 0.5%
		Coleman Cable, Inc., Sr. Notes
105		9.875%, 10/1/12 (4)	93,975
		Collins & Aikman Floor Cover
300		9.75%, 2/15/10	314,250
		Interface, Inc.
500		10.375%, 2/1/10	557,500
		Interline Brands, Inc., Sr. Sub. Notes
487		11.50%, 5/15/11	543,005
		MAAX Corp., Sr. Sub. Notes
115		9.75%, 6/15/12	109,825
		Nortek, Inc., Sr. Sub Notes
465		8.50%, 9/1/14	455,119

22

		NTK Holdings, Inc., Sr. Disc. Notes
$	225	10.75%, 3/1/14 (4)	$	129,375
		Ply Gem Industries, Inc., Sr. Sub. Notes
780		9.00%, 2/15/12	686,400
		RMCC Acquisition Co., Sr. Sub. Notes
325		9.50%, 11/1/12 (4)	323,375
			$	3,212,824
		Business Equipment and Services — 0.7%
		Aearo Co. I, Sr. Sub. Notes
155		8.25%, 4/15/12	156,550
		FTI Consulting, Sr. Notes
95		7.625%, 6/15/13 (4)	97,019
		Hydrochem Industrial Services, Inc., Sr. Sub Notes
185		9.25%, 2/15/13 (4)	174,825
		Neff Rental/Neff Finance
275		11.25%, 6/15/12 (4)	286,000
		Norcross Safety Products LLC/Norcross Capital Corp., Sr. Sub. Notes, Series B
20		9.875%, 8/15/11	21,250
		NSP Holdings LLC/NSP Holdings Capital Corp., Sr. Notes
272		11.75%, 1/1/12	265,808
		Quintiles Transnational Corp., Sr. Sub. Notes
2,000		10.00%, 10/1/13	2,240,000
		Safety Products Holdings, Sr. Notes (PIK)
90		11.75%, 1/1/12 (4)	89,325
		Sungard Data Systems, Inc., Sr. Notes
630		9.125%, 8/15/13 (4)	660,908
		Sungard Data Systems, Inc., Sr. Sub. Notes
420		10.25%, 8/15/15 (4)	440,643
		Williams Scotsman, Inc., Sr. Notes
15		10.00%, 8/15/08	16,425
			$	4,448,753
		Cable and Satellite Television — 1.5%
		Charter Communications Holdings II, LLC, Sr. Notes
380		10.25%, 9/15/10	394,250
		Charter Communications Holdings, LLC, Sr. Notes
900		10.25%, 1/15/10	722,250
		Charter Communications Holdings, LLC/Charter Communications Holdings Capital Corp., Sr. Notes
230		11.125%, 1/15/11	184,575
		CSC Holdings, Inc., Sr. Notes
290		6.75%, 4/15/12 (4)	282,025
		CSC Holdings, Inc., Sr. Notes, Series B
100		7.625%, 4/1/11	101,250

23

		CSC Holdings, Inc., Sr. Sub. Notes
$	475	10.50%, 5/15/16	$	518,937
		Insight Communications, Sr. Disc. Notes
400		12.25%, 2/15/11	409,000
		Kabel Deutschland GMBH
485		10.625%, 7/1/14 (4)	538,350
		Ono Finance PLC, Sr. Notes
85		14.00%, 2/15/11	94,775
		Paxson Communications Corp., Variable Rate
4,000		6.349%, 1/15/10 (4)	4,020,000
		Rainbow National Services, LLC, Sr. Notes
180		8.75%, 9/1/12 (4)	198,450
		Rainbow National Services, LLC, Sr. Sub. Debs.
685		10.375%, 9/1/14 (4)	787,750
		UGS Corp.
1,060		10.00%, 6/1/12	1,181,900
			$	9,433,512
		Chemicals and Plastics — 0.9%
		Avecia Group PLC
11		11.00%, 7/1/09	11,316
		BCP Crystal Holdings Corp., Sr. Sub Notes
312		9.625%, 6/15/14	354,120
		Borden U.S. Finance/Nova Scotia Finance, Sr. Notes
175		9.00%, 7/15/14 (4)	181,781
		Crystal US Holdings/US Holdings 3, LLC, Sr. Disc. Notes, Series B
312		10.50%, 10/1/14	226,200
		Huntsman LLC
272		11.625%, 10/15/10	320,960
		Innophos, Inc., Sr. Sub. Notes
75		8.875%, 8/15/14 (4)	77,437
		Lyondell Chemical Co., Sr. Notes
938		10.50%, 6/1/13	1,088,080
		Nalco Co., Sr. Sub. Notes
605		8.875%, 11/15/13 (4)	662,475
		OM Group, Inc.
1,765		9.25%, 12/15/11	1,809,125
		Polyone Corp., Sr. Notes
275		10.625%, 5/15/10	297,000
		Polypore, Inc., Sr. Sub Notes
30		8.75%, 5/15/12	29,175
		PQ Corp.
80		7.50%, 2/15/13 (4)	80,400
		Rhodia SA, Sr. Notes
500		10.25%, 6/1/10	541,250

24

		Solo Cup Co., Sr. Sub. Notes
$	210	8.50%, 2/15/14	$	202,125
			$	5,881,444
		Clothing/Textiles — 0.5%
		GFSI, Inc., Sr. Sub. Notes, Series B
1,025		9.625%, 3/1/07	937,875
		Levi Strauss & Co., Sr. Notes
550		12.25%, 12/15/12	620,125
230		9.75%, 1/15/15	242,650
		Levi Strauss & Co., Sr. Notes, Variable Rate
185		8.254%, 4/1/12	185,925
		Oxford Industries, Inc., Sr. Notes
470		8.875%, 6/1/11	506,425
		Perry Ellis International, Inc., Sr. Sub. Notes
70		8.875%, 9/15/13	71,575
		Phillips Van-Heusen, Sr. Notes
155		7.25%, 2/15/11	163,912
		Quiksilver, Inc., Sr. Notes
200		6.875%, 4/15/15 (4)	202,500
			$	2,930,987
		Conglomerates — 0.3%
		Amsted Industries, Inc., Sr. Notes
615		10.25%, 10/15/11 (4)	667,275
		Mueller Group, Inc., Sr. Sub. Notes
635		10.00%, 5/1/12	682,625
		Mueller Holdings, Inc., Disc. Notes
295		14.75%, 4/15/14	216,825
		Spectrum Brands, Inc.
200		7.375%, 2/1/15	198,500
			$	1,765,225
		Containers and Glass Products — 0.2%
		Intertape Polymer US, Inc., Sr. Sub. Notes
315		8.50%, 8/1/14	310,325
		Pliant Corp. (PIK)
851		11.625%, 6/15/09 (4)	925,444
		Pliant Corp., Sr. Notes
85		11.125%, 9/1/09	82,450
			$	1,318,219
		Cosmetics/Toiletries — 0.0%
		Del Laboratories, Inc., Sr. Sub Notes
130		8.00%, 2/1/12	105,950
			$	105,950

25

		Ecological Services and Equipment — 0.1%
		Allied Waste North America, Series B
$	370	8.875%, 4/1/08		$		392,200
		Waste Services, Inc., Sr. Sub. Notes
390		9.50%, 4/15/14 (4)		391,950
				$		784,150
		Electronics/Electrical — 0.3%
		Advanced Micro Devices, Inc.
690		7.75%, 11/1/12	702,075
		Amkor Technologies, Inc., Sr. Notes
165		7.125%, 3/15/11	144,787
785		7.75%, 5/15/13	671,175
		CPI Holdco, Inc., Sr. Notes, Variable Rate
95		8.83%, 2/1/15	91,708
		Stratus Technologies, Inc., Sr. Notes
175		10.375%, 12/1/08	177,625
			$		1,787,370
		Equipment Leasing — 0.1%
		United Rentals North America, Inc.
75		6.50%, 2/15/12	73,312
		United Rentals North America, Inc., Sr. Sub. Notes
520		7.00%, 2/15/14	492,700
			$		566,012
		Farming and Agriculture — 0.0%
		United Agricultural Products, Sr. Notes
86		8.25%, 12/15/11	90,730
			$		90,730
		Financial Intermediaries — 1.7%
		Alzette, Variable Rate
750		8.691%, 12/15/20 (4)	768,750
		Avalon Capital Ltd. 3, Series 1A, Class D, Variable Rate
760		5.24%, 2/24/19 (4)	762,736
		Babson Ltd., Series 2005-1A, Class C1, Variable Rate
1,000		5.315%, 4/15/19 (4)	1,000,000
		Bryant Park CDO Ltd., Series 2005-1A, Class C, Variable Rate
1,000		4.941%, 1/15/19 (4)	1,000,000
		Carlyle High Yield Partners, Series 2004-6A, Class C, Variable Rate
1,000		5.224%, 8/11/16 (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
		Centurion CDO 9 Ltd., Series 2005-9A
750		0.00%, 7/17/19	750,000

26

		Dryden Leveraged Loan, Series 2004-6A, Class C1, Variable Rate
$	1,500	4.055%, 7/30/16 (4)	$	1,509,375
		First CLO, Ltd., Sr. Sub. Notes, Variable Rate
1,000		5.48%, 7/27/16 (4)	1,000,000
		Refco Finance Holdings
745		9.00%, 8/1/12	808,325
		Stanfield Vantage Ltd., Series 2005-1A, Class D, Variable Rate
1,000		5.337%, 3/21/17 (4)	1,000,000
			$	10,599,186
		Food Products — 0.4%
		American Seafood Group, LLC
30		10.125%, 4/15/10	32,325
		ASG Consolidated, LLC/ASG Finance, Inc., Sr. Disc. Notes
400		11.50%, 11/1/11	292,000
		Pierre Foods, Inc., Sr. Sub. Notes
320		9.875%, 7/15/12	336,800
		Pinnacle Foods Holdings Corp., Sr. Sub. Notes
2,130		8.25%, 12/1/13	1,948,950
		WH Holdings Ltd./WH Capital Corp., Sr. Notes
105		9.50%, 4/1/11	112,875
			$	2,722,950
		Food/Drug Retailers — 0.1%
		Rite Aid Corp.
305		7.125%, 1/15/07	308,050
190		8.125%, 5/1/10	196,887
			$	504,937
		Forest Products — 0.5%
		Caraustar Industries, Inc.
40		7.375%, 6/1/09	40,300
		Caraustar Industries, Inc., Sr. Sub. Notes
845		9.875%, 4/1/11	864,012
		Georgia-Pacific Corp.
65		9.50%, 12/1/11	78,325
		JSG Funding PLC, Sr. Sub. Notes
145		7.75%, 4/1/15	123,975
		Newark Group, Inc., Sr. Sub. Notes
625		9.75%, 3/15/14	578,125
		NewPage Corp.
575		10.00%, 5/1/12 (4)	586,500
		Norske Skog Canada Ltd., Sr. Notes, Series D
100		8.625%, 6/15/11	104,000
		Stone Container Corp., Sr. Notes
270		9.25%, 2/1/08	283,500

27

		Stone Container Finance Canada
$	750	7.375%, 7/15/14	$	718,125
			$	3,376,862
		Healthcare — 0.9%
		AMR HoldCo, Inc./EmCare HoldCo, Inc., Sr. Sub. Notes
250		10.00%, 2/15/15 (4)	268,750
		Healthsouth Corp.
180		7.625%, 6/1/12	177,300
		Healthsouth Corp., Sr. Notes
280		7.375%, 10/1/06	285,600
30		8.375%, 10/1/11	30,187
		Inverness Medical Innovations, Inc., Sr. Sub. Notes
1,565		8.75%, 2/15/12	1,525,875
		Knowledge Learning Center, Sr. Sub. Notes
160		7.75%, 2/1/15 (4)	154,400
		Medical Device Manufacturing, Inc., Series B
235		10.00%, 7/15/12	253,800
		National Mentor, Inc., Sr. Sub. Notes
225		9.625%, 12/1/12 (4)	239,062
		Service Corp. International, Sr. Notes
400		7.00%, 6/15/17 (4)	412,500
		Tenet Healthcare Corp., Sr. Notes
500		9.25%, 2/1/15 (4)	517,500
		US Oncology, Inc.
220		9.00%, 8/15/12	240,900
425		10.75%, 8/15/14	476,000
		Vanguard Health Holding Co. II LLC, Sr. Sub. Notes
475		9.00%, 10/1/14	518,937
		Ventas Realty L.P./Capital Corp., Sr. Notes
140		7.125%, 6/1/15 (4)	148,750
		VWR International, Inc., Sr. Sub. Notes
305		8.00%, 4/15/14	295,087
			$	5,544,648
		Home Furnishings — 0.0%
		Fedders North America, Inc.
240		9.875%, 3/1/14	171,600
			$	171,600
		Industrial Equipment — 0.4%
		Case New Holland, Inc., Sr. Notes
40		9.25%, 8/1/11	43,500
		General Cable Corp., Sr. Notes
80		9.50%, 11/15/10	83,600
		Milacron Escrow Corp.
570		11.50%, 5/15/11	581,400

28

		Thermadyne Holdings Corp., Sr. Sub. Notes
$	2,180	9.25%, 2/1/14	$	2,081,900
			$	2,790,400
		Leisure Goods/Activities/Movies — 0.5%
		Affinity Group, Inc., Sr. Sub. Notes
1,190		9.00%, 2/15/12	1,225,700
		AMC Entertainment, Inc., Sr. Sub. Notes
210		9.875%, 2/1/12	213,150
		LCE Acquisition Corp., Sr. Sub. Notes
600		9.00%, 8/1/14 (4)	588,000
		Marquee Holdings, Inc., Sr. Disc. Notes
590		12.00%, 8/15/14	365,800
		Samsonite Corp., Sr. Sub. Notes
365		8.875%, 6/1/11	395,112
		Universal City Development Partners, Sr. Notes
245		11.75%, 4/1/10	282,669
		Universal City Florida Holding, Sr. Notes
55		8.375%, 5/1/10	58,025
			$	3,128,456
		Lodging and Casinos — 0.7%
		CCM Merger, Inc.
235		8.00%, 8/1/13 (4)	240,581
		Felcor Lodging L.P., Sr. Notes, Variable Rate
140		7.78%, 6/1/11	146,650
		Host Marriot L.P., Series O
30		6.375%, 3/15/15	29,850
		Inn of the Mountain Gods, Sr. Notes
1,000		12.00%, 11/15/10	1,158,750
		Majestic Star Casino LLC
465		9.50%, 10/15/10	479,531
		Meristar Hospitality Operations/Finance
280		10.50%, 6/15/09	300,300
		Mohegan Tribal Gaming Authority, Sr. Sub. Notes
95		8.00%, 4/1/12	102,006
		OED Corp./Diamond Jo LLC
355		8.75%, 4/15/12	345,681
		Premier Entertainment Biloxi, LLC/Premier Finance Biloxi Corp.
30		10.75%, 2/1/12	30,412
		Seneca Gaming Corp., Sr. Notes
190		7.25%, 5/1/12	198,075
250		7.25%, 5/1/12 (4)	260,625
		Station Casinos, Inc., Sr. Sub Notes
215		6.875%, 3/1/16 (4)	222,525

29

		Trump Entertainment Resorts, Inc.
$	740	8.50%, 6/1/15	$	754,800
		Wynn Las Vegas LLC/Corp.
105		6.625%, 12/1/14	102,769
			$	4,372,555
		Nonferrous Metals/Minerals — 0.1%
		Aleris International, Inc.
163		9.00%, 11/15/14	171,558
		Aleris International, Inc., Sr. Notes
100		10.375%, 10/15/09	110,750
		Alpha Natural Resources, Sr. Notes
135		10.00%, 6/1/12	150,525
		Novelis, Inc., Sr. Notes
245		7.25%, 2/15/15 (4)	251,738
			$	684,571
		Oil and Gas — 0.5%
		Clayton Williams Energy, Inc., Sr. Notes
95		7.75%, 8/1/13 (4)	95,238
		Coastal Corp., Sr. Debs.
225		9.625%, 5/15/12	252,000
		Dynegy Holdings, Inc. Debs.
330		7.625%, 10/15/26	323,400
		Dynegy Holdings, Inc., Sr. Notes
115		10.125%, 7/15/13 (4)	131,675
		El Paso Corp.
140		6.95%, 12/15/07	142,975
		El Paso Corp., Sr. Notes
195		7.625%, 8/16/07 (4)	200,850
		El Paso Production Holding Co.
50		7.75%, 6/1/13	53,313
		Giant Industries
225		8.00%, 5/15/14	237,375
		Hanover Compressor Co., Sr. Sub. Notes
680		0.00%, 3/31/07	615,400
		Hanover Equipment Trust, Series B
135		8.75%, 9/1/11	144,788
		Ocean Rig Norway AS, Sr. Notes
100		8.375%, 7/1/13 (4)	105,000
		Parker Drilling Co., Sr. Notes
100		9.625%, 10/1/13	114,000
		Petrobras International Finance Co.
50		7.75%, 9/15/14	52,750
		Titan Petrochemicals Group Ltd.
60		8.50%, 3/18/12 (4)	56,700

30

		Transmontaigne, Inc., Sr. Sub. Notes
$	175	9.125%, 6/1/10	$		187,250
		United Refining Co., Sr. Notes
335		10.50%, 8/15/12	351,750
75		10.50%, 8/15/12 (4)	78,750
		Williams Cos., Inc. (The)
80		8.75%, 3/15/32	99,400
			$		3,242,614
		Publishing — 0.5%
		Advanstar Communications, Inc.
1,000		10.75%, 8/15/10	1,140,000
		American Media Operations, Inc., Series B
745		10.25%, 5/1/09	758,038
		CBD Media, Inc., Sr. Sub. Notes
125		8.625%, 6/1/11	131,406
		Dex Media West LLC, Sr. Sub. Notes
87		9.875%, 8/15/13	99,615
		Houghton Mifflin Co., Sr. Sub. Notes
1,145		9.875%, 2/1/13	1,253,775
			$		3,382,834
		Radio and Television — 0.7%
		CanWest Media, Inc.
464		8.00%, 9/15/12	494,510
		CanWest Media, Inc., Sr. Sub. Notes
500		10.625%, 5/15/11	547,500
		Emmis Communications Corp., Sr. Notes, Class A, Variable Rate
3,000		9.314%, 6/15/12 (4)		3,018,750
		Fisher Communications, Inc., Sr. Notes
40		8.625%, 9/15/14	43,500
		Nexstar Finance Holdings LLC, Inc., Sr. Disc. Notes
110		11.375%, 4/1/13	84,288
		Nextmedia Operating, Inc.
100		10.75%, 7/1/11	109,625
		PanAmSat Corp.
178		9.00%, 8/15/14	197,580
			$		4,495,753
		Rail Industries — 0.1%
		Greenbrier Cos., Inc. (The), Sr. Notes
370		8.375%, 5/15/15 (4)	387,575
		TFM SA de C.V., Sr. Notes
85		12.50%, 6/15/12	100,513
			$		488,088

31

		Steel — 0.0%
		Ispat Inland ULC, Sr. Notes
$	199	9.75%, 4/1/14	$	235,815
			$	235,815
		Surface Transport — 0.1%
		Horizon Lines, LLC
275		9.00%, 11/1/12 (4)	296,313
		OMI Corp., Sr. Notes
30		7.625%, 12/1/13	30,713
		Quality Distribution LLC/QD Capital Corp.
75		9.00%, 11/15/10	69,469
		Quality Distribution LLC/QD Capital, Variable Rate
130		7.641%, 1/15/12 (4)	124,313
			$	520,808
		Telecommunications — 2.0%
		AirGate PCS, Inc., Variable Rate
105		7.349%, 10/15/11	109,725
		Alamosa Delaware, Inc., Sr. Disc. Notes
180		12.00%, 7/31/09	201,825
		Alamosa Delaware, Inc., Sr. Notes
515		11.00%, 7/31/10	589,675
		Centennial Cellular Operating Co./Centennial Communications Corp., Sr. Notes
380		10.125%, 6/15/13	429,875
		Digicel Ltd., Sr. Notes
100		9.25%, 9/1/12 (4)	103,250
		Inmarsat Finance PLC
269		7.625%, 6/30/12	286,149
		Intelsat Bermuda Ltd., Sr. Notes
250		8.25%, 1/15/13 (4)	262,500
		Intelsat Bermuda Ltd., Sr. Notes, Variable Rate
395		8.695%, 1/15/12 (4)	404,875
		Intelsat Ltd., Sr. Notes
700		5.25%, 11/1/08	666,750
		IWO Escrow Co., Sr. Disc. Notes
200		10.75%, 1/15/15 (4)	144,000
		LCI International, Inc., Sr. Notes
905		7.25%, 6/15/07	891,425
		New Skies Satellites NV, Sr. Notes
310		9.125%, 11/1/12	320,850
		New Skies Satellites NV, Sr. Notes, Variable Rate
195		8.539%, 11/1/11	203,775
		Paxson Communications Corp.
105		10.75%, 7/15/08	104,475

32

		Qwest Capital Funding, Inc.
$	375	7.75%, 8/15/06	$	384,375
180		6.375%, 7/15/08	177,300
130		7.90%, 8/15/10	131,300
		Qwest Communications International, Inc.
95		7.25%, 2/15/11	93,100
		Qwest Communications International, Inc., Sr. Notes
690		7.50%, 2/15/14 (4)	669,300
		Qwest Corp., Sr. Notes
140		7.625%, 6/15/15 (4)	145,250
		Qwest Corp., Sr. Notes, Variable Rate
925		6.671%, 6/15/13 (4)	971,250
		Qwest Services Corp.
525		13.50%, 12/15/10	606,375
		Rogers Wireless, Inc.
305		7.50%, 3/15/15	334,738
		Rogers Wireless, Inc., Sr. Sub. Notes
170		8.00%, 12/15/12	184,025
		Rogers Wireless, Inc., Variable Rate
1,453		6.535%, 12/15/10	1,520,201
		Rural Cellular Corp., Variable Rate
2,000		7.51%, 3/15/10	2,085,000
		SBA Telecommunications, Sr. Disc. Notes
145		9.75%, 12/15/11	133,763
		UbiquiTel Operating Co., Sr. Notes
395		9.875%, 3/1/11	442,894
		Western Wireless Corp., Sr. Notes
260		9.25%, 7/15/13	297,700
			$	12,895,720
		Utilities — 0.2%
		Calpine Corp., Sr. Notes
265		8.25%, 8/15/05	265,663
60		7.625%, 4/15/06	55,500
500		8.75%, 7/15/07	400,000
		Mission Energy Holding Co.
215		13.50%, 7/15/08	258,000
		NRG Energy, Inc., Sr. Notes
366		8.00%, 12/15/13 (4)	393,450
			$	1,372,613
		Total Corporate Bonds & Notes (identified cost $100,387,732)	$	101,410,997

33

Convertible Bonds — 0.1%

Principal
Amount
(000’s omitted)		Security	Value
$	105	Amkor Technologies, Inc.	$	100,800
230		L-3 Communications Corp. (4)(5)	235,175
220		Nortel Networks Ltd.	206,525
		Total Convertible Bonds (identified cost, $546,708)	$	542,500

Common Stocks — 0.1%

Shares	Security	Value
98	Crown Castle International Corp. (6)	$	2,132
535,000	Trump Atlantic City (5)(6)	20,598
33,486	Trump Entertainment Resorts, Inc. (6)	633,220
	Total Common Stocks (identified cost, $438,221)	$	655,950

Preferred Stocks — 0.0%

934	Crown Castle International Corp., (PIK)	$	46,466
	Total Preferred Stocks (identified cost, $44,588)	$	46,466

Warrants — 0.0%

Shares/Rights	Security	Value
190	Mueller Holdings, Inc., Exp. 4/15/14 (4)(6)	$	68,448
	Total Warrants (identified cost, $0)	$	68,448

Closed-End Investment Companies  — 3.6%

Shares	Security	Value
87,500	Citigroup Investments Corporate Loan Fund, Inc.	$	1,168,125
125,000	First Trust/Four Corners Senior Floating Rate Income Fund II	2,221,250
20,000	Floating Rate Income Strategies Fund II, Inc.	362,000
25,000	Floating Rate Income Strategies Fund, Inc.	456,000
895,800	ING Prime Rate Trust	6,342,264
130,000	Pioneer Floating Rate Trust	2,316,600
1,197,000	Van Kampen Senior Income Trust	9,792,657
	Total Closed-End Investment Companies (identified cost, $23,835,934)	$	22,658,896

34

Commercial Paper — 5.9%

Principal		Maturity
Amount		Date	Borrower	Rate	Amount
$	18,513,000	08/01/05	General Electric Capital Corp.	3.29%	$	18,513,000
3,000,000		08/04/05	HSBC Finance Corp.	3.30%	2,999,175
15,967,000		08/03/05	Old Line Funding	3.27%	15,964,099
Total Commercial Paper (at amortized cost)					$	37,476,274

Short-Term Investments — 0.3%

Principal		Maturity
Amount		Date	Borrower	Rate	Amount
$	2,000,000	08/01/05	Investors Bank and Trust Company Time Deposit	3.30%	$	2,000,000
Total Short-Term Investments (at amortized cost)					$	2,000,000
Total Investments — 161.6% (identified cost $1,015,493,940)					$	1,021,905,287
Less Unfunded Loan Commitments — (1.0)%					$	(6,393,924	)
Net Investments — 160.6% (identified cost $1,009,100,016)					$	1,015,511,363
Other Assets, Less Liabilities — 1.8%					$	11,366,961
Auction Preferred Shares Plus Cumulative Unpaid Dividends — (62.4)%					$	(394,592,089	)
Net Assets Applicable to Common Shares — 100.0%					$	632,286,235

35

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)	Unfunded loan commitments. The Trust may enter into certain credit agreements all or a portion of which may be unfunded. The Trust is obligated to fund these commitments at the Borrower’s discretion.
(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 July 31, 2005, the aggregate value of the securities is $32,199,984 or 5.1% of the net assets.
(5)	Security valued at fair value using methods determined in good faith by or at the direction of the Trustees.
(6)	Non-income producing security.

36

A summary of financial instruments at July 31, 2005 is as follows:

Credit Default Swaps

				Net Unrealized
Notional	Expiration			Appreciation
Amount	Date		Description	(Depreciation)
2,800,000 USD	9/20/2008	Agreement with Credit Suisse First Boston dated 1/9/2004 to pay 2.45% per year times the notional amount. The Trust makes payment only upon a default event on underlying loan assets (47 in total, each representing 2.13% of the notional value of the swap). Credit Suisse First Boston agrees to pay the Trust the notional amount of the swap.			$	(111,497	)
2,800,000 USD	9/20/2008	Agreement with Credit Suisse First Boston dated 1/27/2004 to pay 2.45% per year times the notional amount. The Trust makes payment only upon a default event on underlying loan assets (47 in total, each representing 2.13% of the notional value of the swap). Credit Suisse First Boston agrees to pay the Trust the notional amount of the swap.			$	(102,097	)
2,000,000 USD	3/20/2010	Agreement with Lehman Brothers Special Financing, Inc. dated 3/15/2005 to pay 2.2% per year times the notional amount. The Trust makes a payment of the notional amount only upon a default event on the reference entity, a Revolving Credit Agreement issued by Inergy, L.P.			$	(22,989	)

At July 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 investments owned by the Trust at July 31, 2005, as computed on a federal income tax basis, were as follows:

Aggregate cost	$	1,016,515,115
Gross unrealized appreciation	$	10,024,516
Gross unrealized depreciation	(4,634,344		)
Net unrealized appreciation	$	5,390,172

37

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 Floating-Rate Trust

By:	/s/ Thomas E. Faust Jr
	Thomas E. Faust Jr.
	President and Principal Executive Officer
Date:	September 27, 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/ Thomas E. Faust Jr
	Thomas E. Faust Jr.
	President and Principal Executive Officer
Date:	September 27, 2005
By:	/s/ Barbara E. Campbell
	Barbara E. Campbell
	Treasurer and Principal Financial Officer
Date:	September 27, 2005