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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     811-21507

Evergreen Utilities and High Income Fund

(Exact name of registrant as specified in charter)

200 Berkeley Street
Boston, Massachusetts 02116

(Address of principal executive offices)    (Zip code)

Michael H. Koonce, Esq.
200 Berkeley Street
Boston, Massachusetts 02116

(Name and address of agent for service)

Registrant’s telephone number, including area code:   (617) 210-3200



Date of fiscal year end:

Registrant is making a quarterly filing for 1 of its series, Evergreen Utilities and High Income Fund, for the quarter ended May 31, 2006. This 1 series have a August 31 fiscal year end.

Date of reporting period:        May 31, 2006

Item 1 – Schedule of Investments

EVERGREEN UTILITIES AND HIGH INCOME FUND       
SCHEDULE OF INVESTMENTS       
May 31, 2006  (unaudited)       
Principal
Amount		 Value
CORPORATE BONDS  42.9%       
CONSUMER DISCRETIONARY  9.1%       
Auto Components  0.2%       
American Axle & Manufacturing Holdings, Inc., 5.25%, 02/11/2014  $ 500,000    $ 416,875 
Automobiles  0.2%       
General Motors Corp., 8.375%, 07/15/2033 þ  500,000    381,875 
Diversified Consumer Services  0.5%       
Service Corporation International, 7.50%, 06/15/2017 144A  1,000,000    955,000 
Hotels, Restaurants & Leisure  1.7%       
Seneca Gaming Corp., 7.25%, 05/01/2012  1,000,000    992,500 
Starwood Hotels & Resorts Worldwide, Inc., 7.875%, 05/01/2012  1,000,000    1,062,500 
Town Sports International, Inc., 9.625%, 04/15/2011  1,000,000    1,060,000 
      3,115,000 
Household Durables  0.2%       
Meritage Homes Corp., 6.25%, 03/15/2015  325,000    289,250 
Media  3.1%       
CSC Holdings, Inc., 7.625%, 04/01/2011  1,000,000    1,010,000 
Emmis Communications Corp., 6.875%, 05/15/2012  1,000,000    985,000 
Lamar Media Corp., 6.625%, 08/15/2015  1,000,000    955,000 
LIN TV Corp., 6.50%, 05/15/2013  1,000,000    932,500 
MediaNews Group, Inc., 6.375%, 04/01/2014  1,000,000    910,000 
R.H. Donnelley Corp., 10.875%, 12/15/2012  1,000,000    1,105,000 
      5,897,500 
Multi-line Retail  0.5%       
J.C. Penney Co., Inc., 7.375%, 08/15/2008  1,000,000    1,033,574 
Specialty Retail  1.6%       
Central Garden & Pet Co., 9.125%, 02/01/2013  1,500,000    1,567,500 
Payless ShoeSource, Inc., 8.25%, 08/01/2013  300,000    316,500 
United Auto Group, Inc., 9.625%, 03/15/2012  1,000,000    1,061,250 
      2,945,250 
Textiles, Apparel & Luxury Goods  1.1%       
Oxford Industries, Inc., 8.875%, 06/01/2011  1,000,000    1,030,000 
Warnaco Group, Inc., 8.875%, 06/15/2013  1,000,000    1,035,000 
      2,065,000 
CONSUMER STAPLES  2.7%       
Food & Staples Retailing  1.1%       
Ingles Markets, Inc., 8.875%, 12/01/2011  1,000,000    1,052,500 
Rite Aid Corp., 8.125%, 05/01/2010  1,000,000    1,012,500 
      2,065,000 
Food Products  1.6%       
B&G Foods Holdings Corp., 8.00%, 10/01/2011  1,000,000    1,012,500 
Dean Foods Co., 8.15%, 08/01/2007  500,000    511,875 
Del Monte Foods Co., 6.75%, 02/15/2015  1,500,000    1,428,750 
      2,953,125 
ENERGY  5.6%       
Energy Equipment & Services  0.8%       
Hornbeck Offshore Services, Inc., Ser. B, 6.125%, 12/01/2014  150,000    140,625 
Parker Drilling Co., 9.625%, 10/01/2013  315,000    347,287 
PHI, Inc., 7.125%, 04/15/2013 144A  1,000,000    980,000 
      1,467,912 
Oil, Gas & Consumable Fuels  4.8%       
Chesapeake Energy Corp., 6.875%, 01/15/2016  1,000,000    977,500 
El Paso Production Holding Co., 7.75%, 06/01/2013  1,000,000    1,025,000 

1

EVERGREEN UTILITIES AND HIGH INCOME FUND       
SCHEDULE OF INVESTMENTS  continued       
May 31, 2006  (unaudited)       
Principal
Amount		 Value
CORPORATE BONDS  continued       
ENERGY  continued       
Oil, Gas & Consumable Fuels  continued       
Exco Resources, Inc., 7.25%, 01/15/2011  $ 1,500,000    $ 1,470,000 
Ferrellgas Partners, LP, 6.75%, 05/01/2014  1,000,000    962,500 
Frontier Oil Corp., 6.625%, 10/01/2011  125,000    121,875 
Peabody Energy Corp., 6.875%, 03/15/2013  1,000,000    1,005,000 
Plains Exploration & Production Co., 8.75%, 07/01/2012  1,000,000    1,050,000 
Targa Resources, Inc., 8.50%, 11/01/2013 144A  1,000,000    995,000 
Tesoro Corp., 6.625%, 11/01/2015 144A  500,000    485,000 
Williams Cos., 7.125%, 09/01/2011  1,000,000    1,025,000 
      9,116,875 
FINANCIALS  4.4%       
Consumer Finance  0.5%       
General Motors Acceptance Corp., 5.625%, 05/15/2009  1,000,000    941,883 
Diversified Financial Services  0.5%       
US West Capital, Ltd., 6.50%, 11/15/2018  1,000,000    895,000 
Insurance  0.8%       
Crum & Forster Holdings Corp., 10.375%, 06/15/2013  1,500,000    1,575,000 
Real Estate Investment Trusts  2.2%       
Host Marriott Corp., Ser. J, 7.125%, 11/01/2013  1,000,000    1,010,000 
Omega Healthcare Investors, Inc.:       
   7.00%, 04/01/2014  1,000,000    968,750 
   7.00%, 01/15/2016  250,000    240,313 
Thornburg Mortgage, Inc., 8.00%, 05/15/2013  1,000,000    992,500 
Ventas, Inc., 7.125%, 06/01/2015  1,000,000    1,013,750 
      4,225,313 
Real Estate Management & Development  0.4%       
CB Richard Ellis Group, Inc., 9.75%, 05/15/2010  650,000    698,750 
HEALTH CARE  2.1%       
Health Care Providers & Services  1.6%       
Extendicare Health Services, Inc., 6.875%, 05/01/2014  1,000,000    1,050,000 
HCA, Inc., 6.375%, 01/15/2015  1,000,000    952,328 
Triad Hospitals, Inc., 7.00%, 11/15/2013  1,000,000    973,750 
      2,976,078 
Pharmaceuticals  0.5%       
Mylan Laboratories, Inc., 6.375%, 08/15/2015  1,000,000    970,000 
INDUSTRIALS  4.3%       
Aerospace & Defense  0.6%       
Aviall, Inc., 7.625%, 07/01/2011  1,000,000    1,047,500 
Commercial Services & Supplies  2.2%       
Adesa, Inc., 7.625%, 06/15/2012  1,000,000    1,010,000 
Corrections Corporation of America, 6.25%, 03/15/2013  1,050,000    1,002,750 
Geo Group, Inc., 8.25%, 07/15/2013  1,000,000    1,015,000 
NationsRent Companies, Inc., 9.50%, 10/15/2010  1,000,000    1,080,000 
      4,107,750 
Machinery  0.5%       
Manitowoc Co., Inc., 7.125%, 11/01/2013  1,000,000    1,025,000 
Road & Rail  1.0%       
Avis Budget Car Rental, LLC, 7.625%, 05/15/2014 144A  500,000    505,000 
Progress Rail Services Corp., 8.50%, 04/01/2012 144A  1,250,000    1,381,250 
      1,886,250 

2

EVERGREEN UTILITIES AND HIGH INCOME FUND       
SCHEDULE OF INVESTMENTS  continued       
May 31, 2006  (unaudited)       
Principal
Amount		 Value
CORPORATE BONDS  continued       
INFORMATION TECHNOLOGY  1.0%       
IT Services  1.0%       
Sungard Data Systems, Inc., 4.875%, 01/15/2014  $ 1,000,000    $ 880,000 
Unisys Corp., 8.00%, 10/15/2012 þ  1,000,000    943,750 
      1,823,750 
MATERIALS  6.8%       
Chemicals  2.3%       
Equistar Chemicals, LP, 10.625%, 05/01/2011  1,000,000    1,087,500 
Lyondell Chemical Co., 10.50%, 06/01/2013  1,000,000    1,125,000 
Scotts Co., 6.625%, 11/15/2013  1,000,000    985,000 
Tronox Worldwide, Inc., 9.50%, 12/01/2012 144A  600,000    625,500 
Westlake Chemical Corp., 6.625%, 01/15/2016  600,000    580,500 
      4,403,500 
Containers & Packaging  1.1%       
Crown Holdings, Inc., 7.75%, 11/15/2015 144A  1,000,000    1,012,500 
Owens-Brockway Glass Containers, Inc., 6.75%, 12/01/2014  1,010,000    962,025 
      1,974,525 
Metals & Mining  1.6%       
Freeport-McMoRan Copper & Gold, Inc., 6.875%, 02/01/2014  2,000,000    1,940,000 
United States Steel Corp., 10.75%, 08/01/2008  1,000,000    1,090,000 
      3,030,000 
Paper & Forest Products  1.8%       
Boise Cascade, LLC, 7.125%, 10/15/2014  1,250,000    1,137,500 
Glatfelter, 7.125%, 05/01/2016 144A  800,000    800,000 
Bowater, Inc., 6.50%, 06/15/2013  500,000    451,250 
Georgia Pacific Corp., 8.125%, 05/15/2011  1,000,000    1,025,000 
      3,413,750 
TELECOMMUNICATION SERVICES  2.1%       
Diversified Telecommunication Services  1.6%       
Citizens Communications Co., 6.25%, 01/15/2013  1,000,000    960,000 
Insight Midwest, LP, 10.50%, 11/01/2010  1,000,000    1,053,750 
Level 3 Communications, Inc., 6.375%, 10/15/2015  1,000,000    950,000 
      2,963,750 
Wireless Telecommunication Services  0.5%       
Rural Cellular Corp., 8.25%, 03/15/2012  1,000,000    1,035,000 
UTILITIES  4.8%       
Electric Utilities  1.6%       
DPL, Inc., 6.875%, 09/01/2011  1,000,000    1,042,262 
Edison International, 7.73%, 06/15/2009  1,000,000    1,025,000 
Reliant Energy, Inc., 6.75%, 12/15/2014  1,000,000    910,000 
      2,977,262 
Independent Power Producers & Energy Traders  1.9%       
Dynegy, Inc., 8.375%, 05/01/2016 144A  1,000,000    1,000,000 
Mirant North America, LLC, 7.375%, 12/31/2013 144A  975,000    967,687 
NRG Energy, Inc, 7.25%, 02/01/2014  700,000    701,750 
Tenaska, Inc., 7.00%, 06/30/2021 144A  985,260    976,146 
      3,645,583 
Multi-Utilities  1.3%       
Aquila, Inc., 14.875%, 07/01/2012  1,000,000    1,347,500 
CMS Energy Corp., 7.50%, 01/15/2009  1,000,000    1,017,500 
      2,365,000 
                Total Corporate Bonds  (cost $83,437,223)      80,682,880 

3

EVERGREEN UTILITIES AND HIGH INCOME FUND      
SCHEDULE OF INVESTMENTS  continued      
May 31, 2006  (unaudited)            Value
        Shares   
CONVERTIBLE PREFERRED STOCKS  7.2%      
ENERGY  3.6%         
Oil, Gas & Consumable Fuels  3.6%       
El Paso Corp., 4.99%, 12/31/2049        5,000    $ 6,756,250 
UTILITIES  3.6%             
Multi-Utilities  3.6%             
PNM Resources, Inc., 6.75%, 05/16/2008     142,000    6,851,500 
                    Total Convertible Preferred Stocks  (cost $11,901,095)     13,607,750 
COMMON STOCKS  84.1%             
ENERGY  8.4%             
Oil, Gas & Consumable Fuels  8.4%         
Crosstex Energy, Inc.        120,000    10,832,400 
Hugoton Royalty Trust        2,173    60,149 
Southwestern Energy Co. *        150,000    4,845,000 
            15,737,549 
FINANCIALS  6.1%             
Real Estate Investment Trusts  6.1%       
Global Signal, Inc.        250,000    11,450,000 
TELECOMMUNICATION SERVICES  14.4%      
Diversified Telecommunication Services  4.2%      
AT&T, Inc.        5,000    130,300 
BellSouth Corp.        5,000    168,850 
Shenandoah Telecommunications Co.     170,000    7,561,600 
            7,860,750 
Wireless Telecommunication Services  10.2%      
Alltel Corp. µ        100,000    6,185,000 
American Tower Corp., Class A *        125,000    3,871,250 
Bouygues SA        50,000    2,722,180 
Centennial Communications Corp.        575,000    3,358,000 
Rogers Communications, Inc.        75,000    3,129,750 
            19,266,180 
UTILITIES 55.2%             
Electric Utilities 39.4%             
Allegheny Energy, Inc. *        50,000    1,823,500 
Cleco Corp.        50,000    1,110,500 
DPL, Inc.        400,000    10,720,000 
E.ON AG, ADR        190,000    7,305,500 
Entergy Corp.        150,000    10,516,500 
Exelon Corp.        200,000    11,322,000 
FirstEnergy Corp.        150,000    7,863,000 
Maine & Maritimes Corp.        500    7,705 
MGE Energy, Inc.        5,000    154,700 
Northeast Utilities        200    4,046 
Reliant Energy, Inc. *        500    5,825 
Scottish Power plc        1,746,032    18,269,393 
Scottish Power plc, ADR        119,048    4,977,382 
UIL Holdings Corp.        200    11,046 
            74,091,097 
Independent Power Producers & Energy Traders  11.5%      
AES Corp. *        500    9,200 
Black Hills Corp.        200    6,766 
Constellation Energy Group, Inc.        1,000    51,700 
Dynegy, Inc., Class A *        300,000    1,584,000 
Mirant Corp. Escrow *  +        5,000,000    0 

4

EVERGREEN UTILITIES AND HIGH INCOME FUND      
SCHEDULE OF INVESTMENTS  continued      
May 31, 2006  (unaudited)        Value
    Shares   
COMMON STOCKS  continued         
UTILITIES  continued         
Independent Power Producers & Energy Traders  continued      
Mirant North America, LLC *    280,000    $ 6,966,400  
TXU Corp.    225,000    12,892,500  
        21,510,566  
Multi-Utilities  1.9%         
Ameren Corp.    200    9,898  
CMS Energy Corp. *    200    2,568  
Duke Energy Corp.    300    8,466  
Energy East Corp.    1,000    23,840  
NSTAR    50,000    1,383,000  
PG&E Corp.    200    7,936  
Puget Energy, Inc.    200    4,238  
RWE AG    25,000    2,139,783  
Wisconsin Energy Corp.    1,500    59,805  
Xcel Energy, Inc.    200    3,754  
        3,643,288  
Water Utilities  2.4%         
Kelda Group plc    100,000    1,410,915  
Pennichuck Corp.    150,000    3,118,500  
        4,529,415  
                Total Common Stocks  (cost $127,387,331)        158,088,845  
PREFERRED STOCKS  6.9%         
UTILITIES  6.9%         
Electric Utilities  5.4%         
Carolina Power & Light Co.    9,217    796,349  
Connecticut Light & Power Co., Ser. 1947    22,000    784,439  
Dayton Power & Light Co., Ser. A    9,416    618,513  
Dayton Power & Light Co., Ser. B    5,120    345,280  
Entergy Arkansas, Inc.    644    64,662  
Entergy Louisiana, Inc.    3,117    319,687  
Louisville Gas & Electric Co.    36,913    858,227  
Ohio Edison Co.    14,000    1,044,750  
PECO Energy Co., Ser. C    29,590    2,538,822  
Southern California Edison Co., Ser. B    45,900    872,100  
Southern California Edison Co., Ser. D    54,000    1,042,200  
Union Electric Co.    10,800    895,590  
        10,180,619  
Multi-Utilities  1.5%         
Consolidated Edison, Inc.    9,100    793,975  
Pacific Gas & Electric Co., Ser. D    30,600    644,895  
Pacific Gas & Electric Co., Ser. H    33,800    650,650  
Pacific Gas & Electric Co., Ser. I    34,800    669,030  
        2,758,550  
                Total Preferred Stocks  (cost $13,197,885)        12,939,169  
UNIT INVESTMENT TRUST  0.2%         
Kayne Anderson MLP Investment Co.  (cost $375,000)    15,000    386,700  
SHORT-TERM INVESTMENTS 3.5%         
MUTUAL FUND SHARES 3.5%         
Evergreen Institutional Money Market Fund ø µ    5,221,550    5,221,550  
Navigator Prime Portfolio þþ    1,362,500    1,362,500  
                Total Short-Term Investments  (cost $6,584,050)     6,584,050  
Total Investments  (cost $242,882,584)  144.8%          272,289,394  
Other Assets and Liabilities and Preferred Shares  (44.8%)     (84,295,291 ) 
Net Assets Applicable to Common Shareholders  100.0%     $ 187,994,103  

5

EVERGREEN UTILITIES AND HIGH INCOME FUND 
SCHEDULE OF INVESTMENTS continued 
May 31, 2006 (unaudited) 
 
þ All or a portion of this security is on loan. 
144A Security that may be sold to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended. This security has been determined to be liquid under guidelines established by the Board of Trustees, unless otherwise noted.
* Non-income producing security 
µ All or a portion of this security has been segregated as collateral for reverse repurchase agreements. 
 Security is valued at fair value as determined by the investment advisor in good faith, according to procedures approved by the Board of Trustees. 
+ Security is deemed illiquid and is valued using market quotations when readily available. 
ø Evergreen Investment Management Company, LLC is the investment advisor to both the Fund and the money market fund. 
þþ Represents investment of cash collateral received from securities on loan. 

Summary of Abbreviations 
ADR  American Depository Receipt 

The following table shows the percent of total long-term investments by geographic location as of May 31, 2006:

United States  85.0%
United Kingdom  9.3%
Germany  3.5%
Canada  1.2%
France  1.0%
  100.0%

At May 31, 2006, the Fund had the following open interest rate swap agreement:

    Notional
Amount		       Cash Flows Paid
by the Fund		   Cash Flows Received
by the Fund		   Unrealized
Gain
Expiration     Counterparty      
11/16/2007 $43,000,000 Royal Bank of
Scotland Greenwich Capital		 Fixed-3.525% Floating-5.08% $1,163,077

At May 31, 2006, reverse repurchase agreements outstanding were as follows:

Principal
Amount		       Interest
Rate		   Maturity
Date
  Counterparty     
$11,125,563    Lehman Brothers    5.58%   07/17/2006 

On May 31, 2006, the aggregate cost of securities for federal income tax purposes was $243,388,131. The gross unrealized appreciation and depreciation on securities based on tax cost was $38,726,264 and $9,825,001, respectively, with a net unrealized appreciation of $28,901,263.

6

Item 2 — Controls and Procedures

(a) The registrant’s principal executive officer and principal financial officer have evaluated the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) within 90 days of this filing and have concluded that the registrant’s disclosure controls and procedures were effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-Q was recorded, processed, summarized, and reported timely.

(b) There has been no change in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonable likely to materially affect, the registrant’s internal control over financial reporting.

Item 3 — Exhibits

File the exhibits listed below as part of this Form. Letter or number the exhibits in the sequence indicated.

(a) Separate certifications for the registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached as EX-99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Evergreen Utilities and High Income Fund

By: /s/ Dennis H. Ferro                            
  Dennis H. Ferro,
  Principal Executive Officer

Date:         July 28, 2006

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By: /s/ Dennis H. Ferro                            
  Dennis H. Ferro,
  Principal Executive Officer

Date:         July 28, 2006

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

Date:         July 28, 2006