Edgar Filing: EATON VANCE SENIOR FLOATING RATE TRUST

Eaton vance Senior Floating-Rate Trust


	Item 1. Reports to Stockholders
	Item 2. Code of Ethics
	Item 3. Audit Committee Financial Expert
	Item 4. Principal Accountant Fees and Services
	Item 5. Audit Committee of Listed registrants
	Item 6. Schedule of Investments
	Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
	Item 8. Portfolio Managers of Closed-End Management Investment Companies
	Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
	Item 10. Submission of Matters to a Vote of Security Holders.
	Item 11. Controls and Procedures
	Item 12. Exhibits
Signatures
EX-99.CERT Section 302 Certification
EX-99.906CERT Section 906 Certification

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-CSR

CERTIFIED SHAREHOLDER REPORT 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)

Two International Place Boston, Massachusetts 02110
(Address of Principal Executive Offices)

Maureen A. Gemma
Two International Place Boston, Massachusetts 02110

(Name and Address of Agent for Services)

(617) 482-8260

(registrant’s Telephone Number)

October 31

Date of Fiscal Year End

October 31, 2009

Date of Reporting Period

Item 1. Reports to Stockholders

IMPORTANT NOTICES REGARDING PRIVACY,
DELIVERY OF SHAREHOLDER DOCUMENTS,
PORTFOLIO HOLDINGS AND PROXY VOTING

Privacy. The Eaton Vance organization is committed to ensuring your financial privacy. Each of the financial institutions identified below has in effect the following policy (Privacy Policy) with respect to nonpublic personal information about its customers:


	•	Only such information received from you, through application forms or otherwise, and information about your Eaton Vance fund transactions will be collected. This may include information such as name, address, social security number, tax status, account balances and transactions.

	•	None of such information about you (or former customers) will be disclosed to anyone, except as permitted by law (which includes disclosure to employees necessary to service your account). In the normal course of servicing a customer’s account, Eaton Vance may share information with unaffiliated third parties that perform various required services such as transfer agents, custodians and broker/dealers.

	•	Policies and procedures (including physical, electronic and procedural safeguards) are in place that are designed to protect the confidentiality of such information.

	•	We reserve the right to change our Privacy Policy at any time upon proper notification to you. Customers may want to review our Privacy Policy periodically for changes by accessing the link on our homepage: www.eatonvance.com.

Our pledge of privacy applies to the following entities within the Eaton Vance organization: the Eaton Vance Family of Funds, Eaton Vance Management, Eaton Vance Investment Counsel, Boston Management and Research, and Eaton Vance Distributors, Inc.

In addition, our Privacy Policy applies only to those Eaton Vance customers who are individuals and who have a direct relationship with us. If a customer’s account (i.e., fund shares) is held in the name of a third-party financial adviser/broker-dealer, it is likely that only such adviser’s privacy policies apply to the customer. This notice supersedes all previously issued privacy disclosures.

For more information about Eaton Vance’s Privacy Policy, please call 1-800-262-1122.

Delivery of Shareholder Documents. The Securities and Exchange Commission (the “SEC”) permits funds to deliver only one copy of shareholder documents, including prospectuses, proxy statements and shareholder reports, to fund investors with multiple accounts at the same residential or post office box address. This practice is often called “householding” and it helps eliminate duplicate mailings to shareholders.

Eaton Vance, or your financial adviser, may household the mailing of your documents indefinitely unless you instruct Eaton Vance, or your financial adviser, otherwise.

If you would prefer that your Eaton Vance documents not be householded, please contact Eaton Vance at 1-800-262-1122, or contact your financial adviser.

Your instructions that householding not apply to delivery of your Eaton Vance documents will be effective within 30 days of receipt by Eaton Vance or your financial adviser.

Portfolio Holdings. Each Eaton Vance Fund and its underlying Portfolio(s) (if applicable) will file a schedule of portfolio holdings on Form N-Q with the SEC for the first and third quarters of each fiscal year. The Form N-Q will be available on the Eaton Vance website at www.eatonvance.com, by calling Eaton Vance at 1-800-262-1122 or in the EDGAR database on the SEC’s website at www.sec.gov. Form N-Q may also be reviewed and copied at the SEC’s public reference room in Washington, D.C. (call 1-800-732-0330 for information on the operation of the public reference room).

Proxy Voting. From time to time, funds are required to vote proxies related to the securities held by the funds. The Eaton Vance Funds or their underlying Portfolios (if applicable) vote proxies according to a set of policies and procedures approved by the Funds’ and Portfolios’ Boards. You may obtain a description of these policies and procedures and information on how the Funds or Portfolios voted proxies relating to portfolio securities during the most recent 12 month period ended June 30, without charge, upon request, by calling 1-800-262-1122. This description is also available on the SEC’s website at www.sec.gov.

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

MANAGEMENT’S DISCUSSION OF FUND PERFORMANCE

Economic and Market Conditions

Scott H. Page, CFA
Co-Portfolio Manager

Peter M. Campo, CFA
Co-Portfolio Manager

•		During the year ending October 31, 2009, global credit markets experienced unprecedented volatility in the early months of the period but staged a remarkable turnaround beginning in January 2009. In the first two months of the period, there was little doubt that a recession would bring higher default rates; but it was difficult to reconcile bank loan and high-yield bond prices with market fundamentals. By the turn of the New Year, however, the markets began to rebound as credit spreads tightened from record levels and investors returned to the credit markets.

•		The loan market, as measured by the S&P/LSTA Leveraged Loan Index (the Index), returned 30.44% during the year ending October 31, 2009, and 46.90% for the first 10 months of the year—the highest 10-month performance in the history of the asset class.¹ Performance was driven by a combination of technical factors, which improved the market’s supply and demand picture. On the supply side, limited new loan issuance and a contraction of the existing supply through loan repayments reduced the available universe of purchasable loans. Matched with little selling activity and modest, steady inflows, loan prices improved significantly. More significant investor flows into the high-yield bond market also contributed to the improvement in bank loans. Increased high-yield bond issuance contributed to meaningful bank loan repayments, which lowered the available supply of loans and provided cash to bank loan managers. In addition, direct crossover buying into the asset class by high-yield bond managers bolstered demand.

Past performance is no guarantee of future results. Returns are historical and are calculated by determining the percentage change in net asset value or market price (as applicable) with all distributions reinvested. The Trust’s performance at market price will differ from its results at NAV. Although market price performance generally reflects investment results over time, during shorter periods, returns at market price can also be affected by factors such as changing perceptions about the Trust, market conditions, fluctuations in supply and demand for the Trust’s shares, or changes in Trust distributions. Investment return and principal value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Trust’s current performance may be lower or higher than the quoted return. For performance as of the most recent month end, please refer to www.eatonvance.com.

Trust shares are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Shares are subject to investment risks, including possible loss of principal invested.

Management Discussion

Craig P. Russ
Co-Portfolio Manager

•		The Trust is a closed-end fund and trades on the New York Stock Exchange (NYSE) under the symbol “EFR.” The Trust’s investment objective is to provide a high level of current income. As a secondary objective, it may also seek preservation of capital to the extent consistent with its primary goal of high current income. Under normal market conditions, the Trust invests at least 80% of its total assets in senior, secured floating-rate loans (senior loans). In managing the Trust, the investment adviser seeks to invest in a portfolio of senior loans that it believes will be less volatile over time than the general loan market. The Trust may also invest in second lien loans and high-yield bonds, and, as discussed below, employs leverage, which may increase risk.

•		As of October 31, 2009, the Trust’s investments included senior loans to 377 borrowers spanning 39 industries, with an average loan size of 0.25% of total investments, and no industry constituting more than 11% of total investments. Health care, cable and satellite television, and business equipment and services were among the top industry weightings.

•		The Trust outperformed the Index during the past fiscal year. Its larger, higher-quality loans helped perfor-

Total Return Performance 10/31/08 — 10/31/09


NYSE Symbol		EFR

At Net Asset Value (NAV)²			46.90	%
At Market Price²			49.61
S&P/LSTA Leveraged Loan Index¹			30.44

Premium/(Discount) to NAV (10/31/09)			-5.26	%
Total Distributions per common share		$	0.863
Distribution Rate³	At NAV		6.39	%
	At Market Price		6.75	%


See page 3 for more performance information.

¹		It is not possible to invest directly in an Index. The Index’s total return reflects changes in value of the loans constituting the Index and accrual of interest and does not reflect the commissions or expenses that would have been incurred if an investor individually purchased or sold the loans represented in the Index. Unlike the Trust, the Index’s return does not reflect the effect of leverage.

²		Performance results reflect the effects of leverage.

³		The Distribution Rate is based on the Trust’s most recent monthly distribution per share (annualized) divided by the Trust’s NAV or market price at the end of the period. The Trust’s monthly distributions may be comprised of ordinary income, net realized capital gains and return of capital.

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

MANAGEMENT’S DISCUSSION OF FUND PERFORMANCE

		mance in the earlier part of 2009 as these loans were the first to benefit from price recovery. Management’s use of leverage was also a significant factor in the Trust’s outperformance, as its borrowings were bolstered by the strong credit market rally. The past six months witnessed a “junk rally,” with the market’s lowest-quality loans skyrocketing back to life. As a result, our relative underweight to the lowest-quality loans, including second-lien loans and those rated below CCC, hampered relative performance.

•		The Trust had a 6.5% exposure to European loans as of October 31, 2009. The Trust’s involvement in the European leveraged loan market represented further opportunity for diversification, and while this market was affected slightly more than the U.S. bank loan market by the credit market turmoil, we believed it offered an attractive appreciation opportunity at then-current price levels.

•		In terms of industries, a relative overweight to the cable and satellite television; leisure goods, activities and movies; and business equipment and services industries benefited performance relative to the Index. Detractors included underweights to the automotive and lodging and casino industries. The Trust’s diversification was an important risk mitigator during the fiscal year.

•		As concerns about inflation and the uncertainty of the potential interest-rate impact of historic stimulus financing persists, we believe the floating-rate asset class remains attractive, especially relative to duration-exposed fixed-income alternatives. We continue to believe the Trust is well-positioned to weather this difficult economic environment, and our view is that our credit selection and portfolio-construction process combine for an approach to the asset class that may be appropriate for many investors.

•		As of October 31, 2009, the Trust employed leverage of 37.9% of total assets — 17.7% auction preferred shares (APS)¹ and 20.2% borrowings. Use of leverage creates an opportunity for income, but at the same time creates special risks (including the likelihood of greater volatility of net asset value and market price of common shares).

The views expressed throughout this report are those of the portfolio managers and are current only through the end of the period of the report as stated on the cover. These views are subject to change at any time based upon market or other conditions, and the investment adviser disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a fund are based on many factors, may not be relied on as an indication of trading intent on behalf of any Eaton Vance fund. Portfolio information provided in the report may not be representative of the Trust’s current or future investments and may change due to active management.


¹		APS percentage represents the liquidation value of the Trust’s APS outstanding at 10/31/09 as a percentage of the Trust’s net assets applicable to common shares plus APS and borrowings outstanding. In the event of a rise in long-term interest rates, the value of the Trust’s investment portfolio could decline, which would reduce the asset coverage for its APS and borrowings.

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

FUND PERFORMANCE

Trust Performance¹


NYSE Symbol	EFR
Average Annual Total Returns (by market price, NYSE)
One Year		49.61	%
Five Years		-0.25
Life of Trust (11/28/03)		1.32

Average Annual Total Returns (at net asset value)
One Year		46.90	%
Five Years		1.84
Life of Trust (11/28/03)		2.25


¹		Performance results reflect the effects of leverage.

Portfolio Composition

Top 10 Holdings²
By total investments


Georgia-Pacific Corp.	1.4	%
Community Health Systems, Inc.	1.3
UPC Broadband Holding B.V.	1.3
HCA, Inc.	1.3
Rite Aid Corp.	1.2
SunGard Data Systems, Inc.	1.2
Aramark Corp.	1.1
Cequel Communications, LLC	1.1
Charter Communications Operating, Inc.	0.9
Intelsat Corp.	0.9


²		Top 10 Holdings represented 11.7% of the Trust’s total investments as of 10/31/09.

Top Five Industries³
By total investments


Health Care	10.6	%
Cable and Satellite Television	7.7
Business Equipment and Services	7.5
Publishing	5.8
Leisure Goods/Activities/Movies	5.6


³		Industries are shown as a percentage of the Trust’s total investments as of 10/31/09.

Credit Quality Ratings for
Total Loan Investments⁴
By total loan investments


Baa	1.4	%
Ba	36.9
B	37.4
Ca	0.8
Caa	6.2
Defaulted	7.6
Non-Rated⁵	9.7


⁴		Credit Quality ratings are those provided by Moody’s Investor Services, Inc., a nationally recognized bond rating service. Reflects the Trust’s total loan investments as of 10/31/09. Although the investment adviser considers ratings when making investment decisions, it performs its own credit and investment analysis and does not rely primarily on the ratings assigned by the rating services. Credit quality can change from time to time, and recently issued credit ratings may not fully reflect the actual risks posed by a particular security or the issuer’s current financial condition. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security’s market value or of the liquidity of an investment in the security.

⁵		Certain loans in which the Trust invests are not rated by a rating agency. In management’s opinion, such securities are comparable to securities rated by a rating agency in the categories listed above.

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

PORTFOLIO OF INVESTMENTS


Senior Floating-Rate Interests — 152.9%⁽¹⁾

Principal
Amount*
(000’s omitted)		Borrower/Tranche Description	Value



Aerospace and Defense — 3.1%

ACTS Aero Technical Support & Service, Inc.
	709	Term Loan, 0.00%, Maturing October 5, 2014⁽²⁾	$	200,396
AWAS Capital, Inc.
	651	Term Loan, 2.06%, Maturing March 22, 2013		601,775
	1,623	Term Loan - Second Lien, 6.31%, Maturing March 22, 2013		1,123,804
DAE Aviation Holdings, Inc.
	407	Term Loan, 4.01%, Maturing July 31, 2014		383,008
	416	Term Loan, 4.04%, Maturing July 31, 2014		391,500
Evergreen International Aviation
	1,370	Term Loan, 12.00%, Maturing October 31, 2011		1,088,832
Hawker Beechcraft Acquisition
	4,331	Term Loan, 2.26%, Maturing March 26, 2014		3,443,312
	256	Term Loan, 2.28%, Maturing March 26, 2014		203,746
Hexcel Corp.
	773	Term Loan, 6.50%, Maturing May 21, 2014		779,238
IAP Worldwide Services, Inc.
	886	Term Loan, 9.25%, Maturing December 30, 2012⁽³⁾		745,211
Spirit AeroSystems, Inc.
	1,581	Term Loan, 2.03%, Maturing December 31, 2011		1,531,841
TransDigm, Inc.
	1,625	Term Loan, 2.29%, Maturing June 23, 2013		1,562,612
Vought Aircraft Industries, Inc.
	909	Term Loan, 7.50%, Maturing December 17, 2011		911,286
	215	Term Loan, 7.50%, Maturing December 22, 2011		213,736
Wesco Aircraft Hardware Corp.
	1,143	Term Loan, 2.50%, Maturing September 29, 2013		1,084,125


			$	14,264,422




Air Transport — 0.6%

Airport Development and Investment, Ltd.
GBP	783	Term Loan - Second Lien, 4.56%, Maturing April 7, 2011	$	1,179,997
Delta Air Lines, Inc.
	750	Term Loan, 2.20%, Maturing April 30, 2012		640,313
	1,173	Term Loan - Second Lien, 3.53%, Maturing April 30, 2014		988,839


			$	2,809,149




Automotive — 6.0%

Accuride Corp.
	1,958	Term Loan, 10.00%, Maturing January 31, 2012	$	1,948,790
	475	Term Loan, Maturing September 30, 2013⁽⁴⁾		485,545
Adesa, Inc.
	2,544	Term Loan, 2.50%, Maturing October 18, 2013		2,442,053
Allison Transmission, Inc.
	1,893	Term Loan, 3.01%, Maturing September 30, 2014		1,703,473
Cooper Standard Automotive, Inc.
	232	Revolving Loan, 6.75%, Maturing December 23, 2011		212,490
	1,413	Term Loan, 7.00%, Maturing December 23, 2010		1,296,693
	72	Term Loan, 2.50%, Maturing December 23, 2011		66,406
Dayco Products, LLC
	1,728	Term Loan, 0.00%, Maturing June 21, 2011⁽²⁾		792,206
Federal-Mogul Corp.
	2,483	Term Loan, 2.19%, Maturing December 27, 2014		1,913,088
	3,120	Term Loan, 2.19%, Maturing December 27, 2015		2,404,078
Ford Motor Co.
	2,217	Term Loan, 3.29%, Maturing December 15, 2013		1,981,301
Goodyear Tire & Rubber Co.
	5,400	Term Loan - Second Lien, 2.34%, Maturing April 30, 2010		4,950,644
HLI Operating Co., Inc.
	540	DIP Loan, 26.00%, Maturing November 30, 2009⁽³⁾		544,950
EUR	109	Term Loan, 11.00%, Maturing May 30, 2014		12,041
EUR	1,853	Term Loan, 11.50%, Maturing May 30, 2014		422,701
Keystone Automotive Operations, Inc.
	1,323	Term Loan, 3.78%, Maturing January 12, 2012		810,611
LKQ Corp.
	938	Term Loan, 2.50%, Maturing October 12, 2014		923,445
TriMas Corp.
	426	Term Loan, 2.52%, Maturing August 2, 2011		392,600
	2,776	Term Loan, 2.50%, Maturing August 2, 2013		2,557,450
TRW Automotive, Inc.
	916	Term Loan, 6.25%, Maturing February 2, 2014		917,826
United Components, Inc.
	1,137	Term Loan, 2.72%, Maturing June 30, 2010		1,054,709


			$	27,833,100




Beverage and Tobacco — 0.3%

Culligan International Co.
EUR	975	Term Loan - Second Lien, 5.19%, Maturing May 31, 2013	$	534,485
Southern Wine & Spirits of America, Inc.
	997	Term Loan, 5.50%, Maturing May 31, 2012		976,195


			$	1,510,680

See notes to financial statements

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

PORTFOLIO OF INVESTMENTS CONT’D


Principal
Amount*
(000’s omitted)		Borrower/Tranche Description	Value



Brokers, Dealers and Investment Houses — 0.2%

AmeriTrade Holding Corp.
	730	Term Loan, 1.75%, Maturing December 31, 2012	$	710,089


			$	710,089




Building and Development — 3.3%

Beacon Sales Acquisition, Inc.
	1,140	Term Loan, 2.28%, Maturing September 30, 2013	$	1,075,933
Brickman Group Holdings, Inc.
	1,186	Term Loan, 2.28%, Maturing January 23, 2014		1,119,559
Epco/Fantome, LLC
	1,342	Term Loan, 2.87%, Maturing November 23, 2010		1,026,630
Forestar USA Real Estate Group, Inc.
	1,377	Revolving Loan, 0.39%, Maturing December 1, 2010⁽⁵⁾		1,156,984
	1,107	Term Loan, 5.10%, Maturing December 1, 2010		996,429
LNR Property Corp.
	1,026	Term Loan, 3.75%, Maturing July 3, 2011		815,525
Metroflag BP, LLC
	500	Term Loan - Second Lien, 0.00%, Maturing October 2, 2009⁽²⁾⁽⁶⁾		5,250
Mueller Water Products, Inc.
	1,088	Term Loan, 5.78%, Maturing May 24, 2014		1,065,192
NCI Building Systems, Inc.
	283	Term Loan, 4.03%, Maturing June 18, 2010		263,411
November 2005 Land Investors
	305	Term Loan, 0.00%, Maturing May 9, 2011⁽²⁾		103,646
Panolam Industries Holdings, Inc.
	1,000	Term Loan, 5.00%, Maturing September 30, 2012		902,760
Re/Max International, Inc.
	608	Term Loan, 6.50%, Maturing December 17, 2012		596,106
	3,312	Term Loan, 9.77%, Maturing December 17, 2012		3,262,606
Realogy Corp.
	320	Term Loan, 3.24%, Maturing September 1, 2014		268,765
	675	Term Loan, 3.29%, Maturing September 1, 2014		567,671
South Edge, LLC
	1,588	Term Loan, 0.00%, Maturing October 31, 2009⁽²⁾⁽⁶⁾		488,156
WCI Communities, Inc.
	1,500	Term Loan, 10.06%, Maturing September 3, 2014		1,481,250


			$	15,195,873




Business Equipment and Services — 12.1%

Activant Solutions, Inc.
	1,114	Term Loan, 2.31%, Maturing May 1, 2013	$	1,039,159
Affiliated Computer Services
	705	Term Loan, 2.24%, Maturing March 20, 2013		697,569
	794	Term Loan, 2.24%, Maturing March 20, 2013		785,734
Affinion Group, Inc.
	2,379	Term Loan, 2.74%, Maturing October 17, 2012		2,287,938
Allied Barton Security Service
	991	Term Loan, 6.75%, Maturing February 21, 2015		1,004,380
Education Management, LLC
	4,630	Term Loan, 2.06%, Maturing June 1, 2013		4,351,258
Info USA, Inc.
	252	Term Loan, 2.29%, Maturing February 14, 2012		244,049
Intergraph Corp.
	1,000	Term Loan, 2.37%, Maturing May 29, 2014		959,375
	1,000	Term Loan - Second Lien, 6.29%, Maturing November 29, 2014		962,500
iPayment, Inc.
	2,382	Term Loan, 2.27%, Maturing May 10, 2013		2,176,728
Kronos, Inc.
	1,023	Term Loan, 2.28%, Maturing June 11, 2014		965,513
Language Line, LLC
	1,851	Term Loan, 5.50%, Maturing June 11, 2011		1,850,579
	2,025	Term Loan, Maturing October 30, 2015⁽⁴⁾		2,026,266
Mitchell International, Inc.
	1,000	Term Loan - Second Lien, 5.56%, Maturing March 28, 2015		680,000
N.E.W. Holdings I, LLC
	1,906	Term Loan, 2.74%, Maturing May 22, 2014		1,785,755
Protection One, Inc.
	887	Term Loan, 2.49%, Maturing March 31, 2012		848,533
Quantum Corp.
	199	Term Loan, 3.78%, Maturing July 12, 2014		181,558
Quintiles Transnational Corp.
	995	Term Loan, 2.28%, Maturing March 31, 2013		949,443
	1,700	Term Loan - Second Lien, 4.28%, Maturing March 31, 2014		1,627,750
Sabre, Inc.
	6,057	Term Loan, 2.49%, Maturing September 30, 2014		5,258,491
Serena Software, Inc.
	477	Term Loan, 2.32%, Maturing March 10, 2013		441,821
Sitel (Client Logic)
	1,867	Term Loan, 5.77%, Maturing January 29, 2014		1,624,164
Solera Holdings, LLC
EUR	736	Term Loan, 2.50%, Maturing May 15, 2014		1,051,267
SunGard Data Systems, Inc.
	2,238	Term Loan, 1.99%, Maturing February 11, 2013		2,106,998
	6,862	Term Loan, 4.07%, Maturing February 28, 2016		6,676,719

See notes to financial statements

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

PORTFOLIO OF INVESTMENTS CONT’D


Principal
Amount*
(000’s omitted)		Borrower/Tranche Description	Value


Business Equipment and Services (continued)


Ticketmaster
	1,750	Term Loan, 3.55%, Maturing July 22, 2014	$	1,723,750
Transaction Network Services, Inc.
	492	Term Loan, 9.50%, Maturing May 4, 2012		496,729
Travelport, LLC
	3,178	Term Loan, 2.78%, Maturing August 23, 2013		2,899,915
	437	Term Loan, 2.78%, Maturing August 23, 2013		398,776
EUR	1,054	Term Loan, 3.24%, Maturing August 23, 2013		1,388,552
Valassis Communications, Inc.
	459	Term Loan, 2.04%, Maturing March 2, 2014		429,541
	1,789	Term Loan, 2.04%, Maturing March 2, 2014		1,673,953
VWR International, Inc.
	998	Term Loan, 2.74%, Maturing June 28, 2013		912,713
West Corp.
	1,374	Term Loan, 2.62%, Maturing October 24, 2013		1,265,042
	1,996	Term Loan, 4.12%, Maturing July 15, 2016		1,880,949


			$	55,653,467




Cable and Satellite Television — 12.6%

Atlantic Broadband Finance, LLC
	2,575	Term Loan, 6.75%, Maturing June 8, 2013	$	2,568,705
	96	Term Loan, 2.54%, Maturing September 1, 2013		94,527
Bragg Communications, Inc.
	2,107	Term Loan, 2.86%, Maturing August 31, 2014		2,054,325
Bresnan Broadband Holdings, LLC
	498	Term Loan, 2.29%, Maturing March 29, 2014		479,258
	1,200	Term Loan - Second Lien, 4.75%, Maturing March 29, 2014		1,143,000
Cequel Communications, LLC
	2,486	Term Loan, 2.24%, Maturing November 5, 2013		2,380,411
	3,931	Term Loan, 6.29%, Maturing May 5, 2014		3,925,289
	2,050	Term Loan - Second Lien, 4.79%, Maturing May 5, 2014		2,007,975
Charter Communications Operating, Inc.
	7,856	Term Loan, 6.25%, Maturing April 28, 2013		7,162,939
CSC Holdings, Inc.
	2,922	Term Loan, 2.05%, Maturing March 29, 2013		2,787,673
CW Media Holdings, Inc.
	613	Term Loan, 3.53%, Maturing February 15, 2015		569,625
Foxco Acquisition Sub., LLC
	581	Term Loan, 7.25%, Maturing July 2, 2015		530,624
Insight Midwest Holdings, LLC
	3,594	Term Loan, 2.29%, Maturing April 6, 2014		3,425,569
MCC Iowa, LLC
	5,733	Term Loan, 1.98%, Maturing January 31, 2015		5,274,659
Mediacom Illinois, LLC
	3,693	Term Loan, 1.73%, Maturing January 31, 2015		3,396,001
	1,000	Term Loan, 5.50%, Maturing March 31, 2017		1,005,000
NTL Investment Holdings, Ltd.
GBP	197	Term Loan, 2.90%, Maturing March 30, 2012		314,483
GBP	2,331	Term Loan, 2.93%, Maturing September 3, 2012		3,714,243
ProSiebenSat.1 Media AG
EUR	410	Term Loan, 3.53%, Maturing March 2, 2015		403,480
EUR	97	Term Loan, 2.73%, Maturing June 26, 2015		121,035
EUR	2,187	Term Loan, 2.73%, Maturing June 26, 2015		2,723,423
EUR	410	Term Loan, 3.78%, Maturing March 2, 2016		403,480
EUR	365	Term Loan, 8.15%, Maturing March 2, 2017⁽³⁾		124,097
EUR	520	Term Loan - Second Lien, 4.90%, Maturing September 2, 2016		291,728
UPC Broadband Holding B.V.
	1,264	Term Loan, 2.00%, Maturing December 31, 2014		1,185,678
	1,686	Term Loan, 3.75%, Maturing December 31, 2016		1,622,620
EUR	2,353	Term Loan, 4.19%, Maturing December 31, 2016		3,185,566
EUR	2,697	Term Loan, 4.44%, Maturing December 31, 2017		3,668,470
Virgin Media Investment Holdings, Ltd.
GBP	240	Term Loan, 4.43%, Maturing March 30, 2012		381,707
YPSO Holding SA
EUR	209	Term Loan, 2.68%, Maturing July 28, 2014		238,138
EUR	249	Term Loan, 2.68%, Maturing July 28, 2014		284,095
EUR	542	Term Loan, 2.68%, Maturing July 28, 2014		617,071


			$	58,084,894




Chemicals and Plastics — 7.5%

Ashland, Inc.
	552	Term Loan, 7.65%, Maturing November 20, 2014	$	561,465
Arizona Chemical, Inc.
	500	Term Loan - Second Lien, 5.76%, Maturing February 28, 2014		437,500
Brenntag Holding GmbH and Co. KG
	1,493	Term Loan, 2.25%, Maturing December 23, 2013		1,422,369
	365	Term Loan, 2.29%, Maturing December 23, 2013		347,290
	1,000	Term Loan - Second Lien, 4.25%, Maturing December 23, 2015		938,333
Celanese Holdings, LLC
	4,119	Term Loan, 2.04%, Maturing April 2, 2014		3,863,788
First Chemical Holding
EUR	965	Term Loan, 3.32%, Maturing December 18, 2014		1,040,549
Georgia Gulf Corp.
	652	Term Loan, 10.00%, Maturing October 3, 2013		652,098

See notes to financial statements

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

PORTFOLIO OF INVESTMENTS CONT’D


Principal
Amount*
(000’s omitted)		Borrower/Tranche Description	Value


Chemicals and Plastics (continued)


Hexion Specialty Chemicals, Inc.
	489	Term Loan, 2.56%, Maturing May 5, 2012	$	384,891
	776	Term Loan, 2.56%, Maturing May 5, 2013		617,207
	3,574	Term Loan, 2.56%, Maturing May 5, 2013		2,841,281
Huntsman International, LLC
	2,500	Term Loan, 1.99%, Maturing August 16, 2012		2,289,235
	1,000	Term Loan, 2.49%, Maturing June 30, 2016		918,750
INEOS Group
	2,795	Term Loan, 7.50%, Maturing December 14, 2013		2,397,799
	2,700	Term Loan, 10.00%, Maturing December 14, 2014		2,316,258
EUR	1,250	Term Loan - Second Lien, 7.02%, Maturing December 14, 2012		1,376,799
ISP Chemco, Inc.
	1,557	Term Loan, 2.00%, Maturing June 4, 2014		1,477,393
Kranton Polymers, LLC
	2,744	Term Loan, 2.31%, Maturing May 12, 2013		2,610,740
MacDermid, Inc.
EUR	724	Term Loan, 2.64%, Maturing April 12, 2014		839,651
Millenium Inorganic Chemicals
	312	Term Loan, 2.53%, Maturing April 30, 2014		287,387
	975	Term Loan - Second Lien, 6.03%, Maturing October 31, 2014		804,375
Momentive Performance Material
	1,678	Term Loan, 2.50%, Maturing December 4, 2013		1,404,360
Nalco Co.
	498	Term Loan, 6.50%, Maturing May 6, 2016		506,828
Rockwood Specialties Group, Inc.
	3,210	Term Loan, 6.00%, Maturing May 15, 2014		3,255,184
Schoeller Arca Systems Holding
EUR	145	Term Loan, 3.68%, Maturing November 16, 2015		136,119
EUR	412	Term Loan, 3.68%, Maturing November 16, 2015		388,102
EUR	443	Term Loan, 3.68%, Maturing November 16, 2015		417,635


			$	34,533,386




Clothing / Textiles — 0.3%

Hanesbrands, Inc.
	850	Term Loan - Second Lien, 3.99%, Maturing March 5, 2014	$	823,437
St. John Knits International, Inc.
	480	Term Loan, 9.25%, Maturing March 23, 2012		388,612


			$	1,212,049




Conglomerates — 4.5%

Amsted Industries, Inc.
	1,675	Term Loan, 2.29%, Maturing October 15, 2010	$	1,537,032
Blount, Inc.
	248	Term Loan, 2.00%, Maturing August 9, 2010		237,684
Doncasters (Dunde HoldCo 4 Ltd.)
	395	Term Loan, 4.24%, Maturing July 13, 2015		320,824
	395	Term Loan, 4.74%, Maturing July 13, 2015		320,824
GBP	500	Term Loan - Second Lien, 5.02%, Maturing January 13, 2016		545,715
Jarden Corp.
	922	Term Loan, 2.03%, Maturing January 24, 2012		889,804
	1,636	Term Loan, 2.03%, Maturing January 24, 2012		1,582,561
Johnson Diversey, Inc.
	1,605	Term Loan, 2.48%, Maturing December 16, 2011		1,598,036
Manitowoc Company, Inc. (The)
	3,234	Term Loan, 7.50%, Maturing August 21, 2014		3,189,878
Polymer Group, Inc.
	1,923	Term Loan, 7.00%, Maturing November 22, 2014		1,927,389
RBS Global, Inc.
	784	Term Loan, 2.50%, Maturing July 19, 2013		752,136
	3,785	Term Loan, 2.79%, Maturing July 19, 2013		3,646,058
RGIS Holdings, LLC
	136	Term Loan, 2.75%, Maturing April 30, 2014		120,778
	2,710	Term Loan, 2.77%, Maturing April 30, 2014		2,415,569
US Investigations Services, Inc.
	997	Term Loan, 3.29%, Maturing February 21, 2015		929,622
Vertrue, Inc.
	822	Term Loan, 3.29%, Maturing August 16, 2014		680,393


			$	20,694,303




Containers and Glass Products — 4.4%

Berry Plastics Corp.
	1,990	Term Loan, 2.30%, Maturing April 3, 2015	$	1,714,541
Consolidated Container Co.
	1,000	Term Loan - Second Lien, 5.75%, Maturing September 28, 2014		830,833
Crown Americas, Inc.
	606	Term Loan, 2.00%, Maturing November 15, 2012		594,630
Graham Packaging Holdings Co.
	2,187	Term Loan, 2.55%, Maturing October 7, 2011		2,139,022
	1,943	Term Loan, 6.75%, Maturing April 5, 2014		1,948,074
Graphic Packaging International, Inc.
	4,476	Term Loan, 2.28%, Maturing May 16, 2014		4,266,228
	478	Term Loan, 3.03%, Maturing May 16, 2014		460,036
JSG Acquisitions
	1,791	Term Loan, 3.66%, Maturing December 31, 2013		1,723,511
	1,791	Term Loan, 3.91%, Maturing December 13, 2014		1,723,511

See notes to financial statements

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

PORTFOLIO OF INVESTMENTS CONT’D


Principal
Amount*
(000’s omitted)		Borrower/Tranche Description	Value


Containers and Glass Products (continued)


Owens-Brockway Glass Container
	1,556	Term Loan, 1.74%, Maturing June 14, 2013	$	1,520,280
Smurfit-Stone Container Corp.
	1,470	Revolving Loan, 2.84%, Maturing July 28, 2010		1,440,367
	487	Revolving Loan, 3.06%, Maturing July 28, 2010		477,726
	191	Term Loan, 2.50%, Maturing November 1, 2011		185,939
	336	Term Loan, 2.50%, Maturing November 1, 2011		327,053
	633	Term Loan, 2.50%, Maturing November 1, 2011		614,991
	295	Term Loan, 4.50%, Maturing November 1, 2011		287,386


			$	20,254,128




Cosmetics / Toiletries — 0.6%

American Safety Razor Co.
	488	Term Loan, 2.54%, Maturing July 31, 2013	$	464,842
	900	Term Loan - Second Lien, 6.54%, Maturing July 31, 2014		735,750
KIK Custom Products, Inc.
	975	Term Loan - Second Lien, 5.28%, Maturing November 30, 2014		463,125
Prestige Brands, Inc.
	1,016	Term Loan, 2.49%, Maturing April 7, 2011		998,019


			$	2,661,736




Drugs — 1.1%

Graceway Pharmaceuticals, LLC
	1,590	Term Loan, 2.99%, Maturing May 3, 2012	$	1,121,223
	275	Term Loan, 8.49%, Maturing November 3, 2013		57,750
	1,500	Term Loan - Second Lien, 6.74%, Maturing May 3, 2013		513,750
Pharmaceutical Holdings Corp.
	340	Term Loan, 3.50%, Maturing January 30, 2012		322,378
Warner Chilcott Corp.
	751	Term Loan, Maturing October 30, 2014⁽⁴⁾		753,251
	375	Term Loan, Maturing April 30, 2015⁽⁴⁾		376,625
	874	Term Loan, Maturing April 30, 2015⁽⁴⁾		877,157
	826	Term Loan, 5.75%, Maturing April 30, 2015		817,671


			$	4,839,805




Ecological Services and Equipment — 2.2%

Blue Waste B.V. (AVR Acquisition)
EUR	1,000	Term Loan, 2.68%, Maturing April 1, 2015	$	1,362,013
Cory Environmental Holdings
GBP	500	Term Loan - Second Lien, 5.49%, Maturing September 30, 2014		512,890
Environmental Systems Products Holdings, Inc.
	1,042	Term Loan - Second Lien, 13.50%, Maturing December 12, 2010		932,625
Kemble Water Structure, Ltd.
GBP	4,250	Term Loan - Second Lien, 4.49%, Maturing October 13, 2013		5,368,498
Sensus Metering Systems, Inc.
	2,069	Term Loan, 7.00%, Maturing June 3, 2013		2,076,486


			$	10,252,512




Electronics / Electrical — 4.7%

Aspect Software, Inc.
	889	Term Loan, 3.31%, Maturing July 11, 2011	$	815,297
	1,800	Term Loan - Second Lien, 7.38%, Maturing July 11, 2013		1,521,000
FCI International S.A.S.
	156	Term Loan, 3.41%, Maturing November 1, 2013		142,646
	156	Term Loan, 3.41%, Maturing November 1, 2013		142,646
	162	Term Loan, 3.41%, Maturing November 1, 2013		148,170
	162	Term Loan, 3.41%, Maturing November 1, 2013		148,170
Freescale Semiconductor, Inc.
	2,985	Term Loan, 2.00%, Maturing December 1, 2013		2,433,237
Infor Enterprise Solutions Holdings
	1,506	Term Loan, 4.00%, Maturing July 28, 2012		1,329,171
	2,887	Term Loan, 4.00%, Maturing July 28, 2012		2,547,577
	500	Term Loan, 5.74%, Maturing January 28, 2014		340,625
	183	Term Loan - Second Lien, 6.49%, Maturing January 28, 2014		127,417
	317	Term Loan - Second Lien, 6.49%, Maturing March 2, 2014		216,917
Network Solutions, LLC
	621	Term Loan, 2.78%, Maturing March 7, 2014		559,226
Open Solutions, Inc.
	2,048	Term Loan, 2.41%, Maturing January 23, 2014		1,662,187
Sensata Technologies Finance Co.
	2,729	Term Loan, 2.03%, Maturing April 27, 2013		2,349,151
Spectrum Brands, Inc.
	255	Term Loan, 8.00%, Maturing March 30, 2013		250,453
	4,002	Term Loan, 8.00%, Maturing March 30, 2013		3,924,371
VeriFone, Inc.
	2,059	Term Loan, 3.00%, Maturing October 31, 2013		1,966,226
Vertafore, Inc.
	1,204	Term Loan, 5.50%, Maturing July 31, 2014		1,185,936


			$	21,810,423

See notes to financial statements

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

PORTFOLIO OF INVESTMENTS CONT’D


Principal
Amount*
(000’s omitted)		Borrower/Tranche Description	Value



Equipment Leasing — 0.2%

Hertz Corp.
	1,075	Term Loan, 2.00%, Maturing December 21, 2012	$	1,006,156
	15	Term Loan, 2.04%, Maturing December 21, 2012		13,853


			$	1,020,009




Farming / Agriculture — 0.6%

BF Bolthouse HoldCo, LLC
	1,150	Term Loan - Second Lien, 5.74%, Maturing December 16, 2013	$	1,089,625
Central Garden & Pet Co.
	1,853	Term Loan, 1.75%, Maturing February 28, 2014		1,763,098


			$	2,852,723




Financial Intermediaries — 2.2%

Citco III, Ltd.
	2,612	Term Loan, 2.85%, Maturing June 30, 2014	$	2,285,417
Grosvenor Capital Management
	1,414	Term Loan, 2.25%, Maturing December 5, 2013		1,286,978
Jupiter Asset Management Group
GBP	405	Term Loan, 2.74%, Maturing June 30, 2015		627,910
LPL Holdings, Inc.
	3,990	Term Loan, 2.01%, Maturing December 18, 2014		3,770,816
Nuveen Investments, Inc.
	1,330	Term Loan, 3.28%, Maturing November 2, 2014		1,151,655
Oxford Acquisition III, Ltd.
	898	Term Loan, 2.28%, Maturing May 24, 2014		747,196
RJO Holdings Corp. (RJ O’Brien)
	450	Term Loan, 3.25%, Maturing July 31, 2014		302,945


			$	10,172,917




Food Products — 4.4%

Acosta, Inc.
	3,001	Term Loan, 2.50%, Maturing July 28, 2013	$	2,860,393
Advantage Sales & Marketing, Inc.
	1,687	Term Loan, 2.29%, Maturing March 29, 2013		1,606,423
Dean Foods Co.
	3,381	Term Loan, 1.66%, Maturing April 2, 2014		3,167,242
Dole Food Company, Inc.
	108	Term Loan, 7.15%, Maturing April 12, 2013		109,003
	188	Term Loan, 8.00%, Maturing April 12, 2013		190,055
	675	Term Loan, 8.00%, Maturing April 12, 2013		682,618
Pinnacle Foods Finance, LLC
	6,695	Term Loan, 3.00%, Maturing April 2, 2014		6,284,916
Provimi Group SA
	205	Term Loan, 2.49%, Maturing June 28, 2015		189,617
	252	Term Loan, 2.49%, Maturing June 28, 2015		233,347
EUR	265	Term Loan, 2.68%, Maturing June 28, 2015		360,931
EUR	439	Term Loan, 2.68%, Maturing June 28, 2015		596,940
EUR	457	Term Loan, 2.68%, Maturing June 28, 2015		622,020
EUR	590	Term Loan, 2.68%, Maturing June 28, 2015		802,125
EUR	24	Term Loan - Second Lien, 4.68%, Maturing June 28, 2015		23,844
EUR	697	Term Loan - Second Lien, 2.22%, Maturing December 28, 2016⁽⁵⁾		687,686
	148	Term Loan - Second Lien, 4.49%, Maturing December 28, 2016		99,319
Reddy Ice Group, Inc.
	1,970	Term Loan, 2.00%, Maturing August 9, 2012		1,763,150


			$	20,279,629




Food Service — 3.8%

AFC Enterprises, Inc.
	339	Term Loan, 7.00%, Maturing May 11, 2011	$	341,898
Aramark Corp.
	473	Term Loan, 2.14%, Maturing January 26, 2014		434,646
	7,204	Term Loan, 2.16%, Maturing January 26, 2014		6,624,296
GBP	973	Term Loan, 2.67%, Maturing January 27, 2014		1,460,445
Buffets, Inc.
	785	Term Loan, 18.00%, Maturing April 30, 2012		801,335
	108	Term Loan, 7.53%, Maturing November 1, 2013⁽³⁾		95,213
	542	Term Loan - Second Lien, 17.78%, Maturing November 1, 2013⁽³⁾		476,606
CBRL Group, Inc.
	1,650	Term Loan, 1.97%, Maturing April 27, 2013		1,591,800
NPC International, Inc.
	350	Term Loan, 2.03%, Maturing May 3, 2013		333,143
OSI Restaurant Partners, LLC
	264	Term Loan, 3.03%, Maturing May 9, 2013		220,547
	3,059	Term Loan, 2.56%, Maturing May 9, 2014		2,555,744
QCE Finance, LLC
	1,213	Term Loan, 2.56%, Maturing May 5, 2013		982,042
	950	Term Loan - Second Lien, 6.03%, Maturing November 5, 2013		514,900
Sagittarius Restaurants, LLC
	352	Term Loan, 9.75%, Maturing March 29, 2013		327,702
Selecta
EUR	741	Term Loan - Second Lien, 5.34%, Maturing December 28, 2015		547,246


			$	17,307,563

See notes to financial statements

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

PORTFOLIO OF INVESTMENTS CONT’D


Principal
Amount*
(000’s omitted)		Borrower/Tranche Description	Value



Food / Drug Retailers — 4.6%

General Nutrition Centers, Inc.
	6,336	Term Loan, 2.52%, Maturing September 16, 2013	$	5,880,415
Iceland Foods Group, Ltd.
GBP	1,250	Term Loan, 3.01%, Maturing May 2, 2015		2,025,790
Pantry, Inc. (The)
	223	Term Loan, 1.75%, Maturing May 15, 2014		211,648
	775	Term Loan, 1.75%, Maturing May 15, 2014		735,128
Rite Aid Corp.
	8,301	Term Loan, 2.00%, Maturing June 1, 2014		7,199,797
	1,064	Term Loan, 6.00%, Maturing June 4, 2014		1,000,395
	1,000	Term Loan, 9.50%, Maturing June 4, 2014		1,036,667
Roundy’s Supermarkets, Inc.
	3,331	Term Loan, 6.03%, Maturing November 3, 2011		3,286,545


			$	21,376,385




Forest Products — 2.8%

Appleton Papers, Inc.
	1,817	Term Loan, 6.63%, Maturing June 5, 2014	$	1,653,543
Georgia-Pacific Corp.
	7,958	Term Loan, 2.32%, Maturing December 20, 2012		7,682,015
	1,081	Term Loan, 2.33%, Maturing December 20, 2012		1,043,415
	1,567	Term Loan, 3.59%, Maturing December 23, 2014		1,559,199
Xerium Technologies, Inc.
	1,205	Term Loan, 5.78%, Maturing May 18, 2012		988,466


			$	12,926,638




Health Care — 17.0%

Accellent, Inc.
	2,264	Term Loan, 2.87%, Maturing November 22, 2012	$	2,152,453
Alliance Imaging, Inc.
	480	Term Loan, 2.86%, Maturing December 29, 2011		465,203
American Medical Systems
	632	Term Loan, 2.50%, Maturing July 20, 2012		614,390
AMN Healthcare, Inc.
	173	Term Loan, 2.03%, Maturing November 2, 2011		161,404
AMR HoldCo, Inc.
	1,090	Term Loan, 2.25%, Maturing February 10, 2012		1,049,527
Biomet, Inc.
	3,773	Term Loan, 3.28%, Maturing December 26, 2014		3,632,710
EUR	1,201	Term Loan, 3.58%, Maturing December 26, 2014		1,690,895
Bright Horizons Family Solutions, Inc.
	938	Term Loan, 6.25%, Maturing May 15, 2015		938,711
Cardinal Health 409, Inc.
	4,194	Term Loan, 2.49%, Maturing April 10, 2014		3,656,807
Carestream Health, Inc.
	2,653	Term Loan, 2.24%, Maturing April 30, 2013		2,487,626
	1,000	Term Loan - Second Lien, 5.49%, Maturing October 30, 2013		853,125
Carl Zeiss Vision Holding GmbH
	1,300	Term Loan, 2.74%, Maturing March 23, 2015		916,500
Community Health Systems, Inc.
	524	Term Loan, 2.49%, Maturing July 25, 2014		489,123
	10,265	Term Loan, 2.61%, Maturing July 25, 2014		9,585,431
Concentra, Inc.
	623	Term Loan - Second Lien, 6.54%, Maturing June 25, 2015⁽³⁾		517,184
ConMed Corp.
	461	Term Loan, 1.74%, Maturing April 13, 2013		429,092
Convatec Cidron Healthcare
EUR	746	Term Loan, 4.69%, Maturing July 30, 2016		1,072,642
CRC Health Corp.
	483	Term Loan, 2.53%, Maturing February 6, 2013		431,905
	485	Term Loan, 2.53%, Maturing February 6, 2013		434,075
Dako EQT Project Delphi
	500	Term Loan - Second Lien, 4.04%, Maturing December 12, 2016		286,250
DaVita, Inc.
	548	Term Loan, 1.76%, Maturing October 5, 2012		527,142
DJO Finance, LLC
	786	Term Loan, 3.26%, Maturing May 15, 2014		759,473
Fenwal, Inc.
	500	Term Loan - Second Lien, 5.62%, Maturing August 28, 2014		426,875
Fresenius Medical Care Holdings
	492	Term Loan, 1.66%, Maturing March 31, 2013		473,328
Hanger Orthopedic Group, Inc.
	701	Term Loan, 2.25%, Maturing May 30, 2013		667,247
HCA, Inc.
	10,307	Term Loan, 2.53%, Maturing November 18, 2013		9,619,329
Health Management Association, Inc.
	6,134	Term Loan, 2.03%, Maturing February 28, 2014		5,705,751
HealthSouth Corp.
	1,255	Term Loan, 2.55%, Maturing March 10, 2013		1,198,450
	1,033	Term Loan, 4.05%, Maturing March 15, 2014		1,012,197
Iasis Healthcare, LLC
	288	Term Loan, 2.24%, Maturing March 14, 2014		272,097
	834	Term Loan, 2.24%, Maturing March 14, 2014		786,258
	78	Term Loan, 2.24%, Maturing March 14, 2014		73,478
Ikaria Acquisition, Inc.
	1,484	Term Loan, 2.51%, Maturing March 28, 2013		1,392,860

See notes to financial statements

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

PORTFOLIO OF INVESTMENTS CONT’D


Principal
Amount*
(000’s omitted)		Borrower/Tranche Description	Value


Health Care (continued)


IM U.S. Holdings, LLC
	982	Term Loan, 2.26%, Maturing June 26, 2014	$	930,835
	625	Term Loan - Second Lien, 4.49%, Maturing June 26, 2015		600,000
Invacare Corp.
	164	Term Loan, 2.49%, Maturing February 12, 2013		156,415
LifePoint Hospitals, Inc.
	2,022	Term Loan, 2.02%, Maturing April 15, 2012		1,964,154
MultiPlan Merger Corp.
	999	Term Loan, 2.75%, Maturing April 12, 2013		945,895
	1,397	Term Loan, 2.75%, Maturing April 12, 2013		1,322,754
Mylan, Inc.
	3,582	Term Loan, 3.55%, Maturing October 2, 2014		3,492,450
National Mentor Holdings, Inc.
	1,005	Term Loan, 2.29%, Maturing June 29, 2013		904,815
	62	Term Loan, 2.44%, Maturing June 29, 2013		55,479
National Renal Institutes, Inc.
	820	Term Loan, 4.31%, Maturing March 31, 2013⁽³⁾		701,208
Nyco Holdings
EUR	500	Term Loan, Maturing December 29, 2014⁽⁴⁾		684,067
EUR	500	Term Loan, Maturing December 29, 2015⁽⁴⁾		684,067
Physiotherapy Associates, Inc.
	746	Term Loan, 7.50%, Maturing June 27, 2013		542,005
RadNet Management, Inc.
	2,031	Term Loan, 4.54%, Maturing November 15, 2012		1,959,951
ReAble Therapeutics Finance, LLC
	2,507	Term Loan, 2.29%, Maturing November 16, 2013		2,394,455
Renal Advantage, Inc.
	1	Term Loan, 2.79%, Maturing October 5, 2012		788
Select Medical Holdings Corp.
	2,435	Term Loan, 4.16%, Maturing August 5, 2014		2,441,072
Sunrise Medical Holdings, Inc.
	416	Term Loan, 8.25%, Maturing May 13, 2010		301,293
TZ Merger Sub., Inc. (TriZetto)
	746	Term Loan, 7.50%, Maturing July 24, 2015		749,962
Vanguard Health Holding Co., LLC
	2,134	Term Loan, 2.49%, Maturing September 23, 2011		2,085,549
Viant Holdings, Inc.
	505	Term Loan, 2.54%, Maturing June 25, 2014		492,790


			$	78,189,542




Home Furnishings — 1.6%

Hunter Fan Co.
	428	Term Loan, 2.75%, Maturing April 16, 2014	$	308,341
Interline Brands, Inc.
	293	Term Loan, 1.99%, Maturing June 23, 2013		270,533
	936	Term Loan, 2.04%, Maturing June 23, 2013		863,037
National Bedding Co., LLC
	1,469	Term Loan, 2.28%, Maturing August 31, 2011		1,340,073
	2,050	Term Loan - Second Lien, 5.31%, Maturing August 31, 2012		1,660,500
Simmons Co.
	2,799	Term Loan, 10.50%, Maturing December 19, 2011		2,776,635
	1,090	Term Loan, 7.35%, Maturing February 15, 2012⁽³⁾		32,709


			$	7,251,828




Industrial Equipment — 4.1%

Brand Energy and Infrastructure Services, Inc.
	731	Term Loan, 2.31%, Maturing February 7, 2014	$	661,781
	784	Term Loan, 3.66%, Maturing February 7, 2014		725,984
CEVA Group PLC U.S.
	3,465	Term Loan, 3.24%, Maturing November 4, 2013		2,925,248
	2,234	Term Loan, 3.24%, Maturing November 4, 2014		1,886,130
	1,006	Term Loan, 3.28%, Maturing November 4, 2014		836,402
EPD Holdings (Goodyear Engineering Products)
	146	Term Loan, 2.50%, Maturing July 13, 2014		118,039
	1,018	Term Loan, 2.50%, Maturing July 13, 2014		824,171
	775	Term Loan - Second Lien, 6.00%, Maturing July 13, 2015		472,750
Generac Acquisition Corp.
	1,744	Term Loan, 2.78%, Maturing November 7, 2013		1,581,501
	500	Term Loan - Second Lien, 6.28%, Maturing April 7, 2014		428,125
Gleason Corp.
	138	Term Loan, 2.09%, Maturing June 30, 2013		134,948
	568	Term Loan, 2.09%, Maturing June 30, 2013		554,193
Jason, Inc.
	398	Term Loan, 5.03%, Maturing April 30, 2010		208,690
John Maneely Co.
	2,665	Term Loan, 3.51%, Maturing December 8, 2013		2,448,042
KION Group GmbH
	250	Term Loan, 2.49%, Maturing December 23, 2014		172,188
	250	Term Loan, 2.74%, Maturing December 23, 2015		172,188
Polypore, Inc.
	3,954	Term Loan, 2.46%, Maturing July 3, 2014		3,702,294
Sequa Corp.
	794	Term Loan, 3.88%, Maturing November 30, 2014		708,952
TFS Acquisition Corp.
	686	Term Loan, 14.00%, Maturing August 11, 2013⁽³⁾		458,004


			$	19,019,630

See notes to financial statements

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

PORTFOLIO OF INVESTMENTS CONT’D


Principal
Amount*
(000’s omitted)		Borrower/Tranche Description	Value



Insurance — 3.2%

AmWINS Group, Inc.
	985	Term Loan, 2.84%, Maturing June 8, 2013	$	805,145
	500	Term Loan - Second Lien, 5.79%, Maturing June 8, 2014		350,000
Applied Systems, Inc.
	2,136	Term Loan, 2.74%, Maturing September 26, 2013		2,030,710
CCC Information Services Group, Inc.
	1,563	Term Loan, 2.50%, Maturing February 10, 2013		1,517,803
Conseco, Inc.
	3,425	Term Loan, 6.50%, Maturing October 10, 2013		3,102,373
Crawford & Company
	1,208	Term Loan, 3.04%, Maturing October 31, 2013		1,158,170
Crump Group, Inc.
	805	Term Loan, 3.25%, Maturing August 4, 2014		728,846
Hub International Holdings, Inc.
	497	Term Loan, 2.74%, Maturing June 13, 2014		438,372
	2,212	Term Loan, 2.74%, Maturing June 13, 2014		1,950,755
	575	Term Loan, Maturing June 30, 2014⁽⁴⁾		563,500
U.S.I. Holdings Corp.
	2,286	Term Loan, 3.04%, Maturing May 4, 2014		1,990,467


			$	14,636,141




Leisure Goods / Activities / Movies — 8.9%

24 Hour Fitness Worldwide, Inc.
	1,616	Term Loan, 2.77%, Maturing June 8, 2012	$	1,514,005
AMC Entertainment, Inc.
	3,787	Term Loan, 1.74%, Maturing January 26, 2013		3,585,580
AMF Bowling Worldwide, Inc.
	1,000	Term Loan - Second Lien, 6.49%, Maturing December 8, 2013		700,000
Bombardier Recreational Products
	1,823	Term Loan, 3.00%, Maturing June 28, 2013		1,280,506
Butterfly Wendel US, Inc.
	280	Term Loan, 3.22%, Maturing June 22, 2013		207,469
	280	Term Loan, 2.97%, Maturing June 22, 2014		207,536
Carmike Cinemas, Inc.
	890	Term Loan, 3.54%, Maturing May 19, 2012		864,128
	718	Term Loan, 4.24%, Maturing May 19, 2012		696,856
Cedar Fair, L.P.
	306	Term Loan, 2.24%, Maturing August 30, 2012		294,725
	2,109	Term Loan, 4.24%, Maturing February 17, 2014		2,046,160
Cinemark, Inc.
	3,505	Term Loan, 2.07%, Maturing October 5, 2013		3,333,104
Deluxe Entertainment Services
	996	Term Loan, 2.51%, Maturing January 28, 2011		931,133
	59	Term Loan, 2.53%, Maturing January 28, 2011		55,217
	103	Term Loan, 2.53%, Maturing January 28, 2011		95,895
Easton-Bell Sports, Inc.
	1,061	Term Loan, 2.04%, Maturing March 16, 2012		1,006,318
Fender Musical Instruments Corp.
	331	Term Loan, 2.54%, Maturing June 9, 2014		283,320
	653	Term Loan, 2.54%, Maturing June 9, 2014		558,102
Formula One (Alpha D2, Ltd.)
	2,000	Term Loan - Second Lien, Maturing June 30, 2014⁽⁴⁾		1,632,500
Mega Blocks, Inc.
	1,580	Term Loan, 9.75%, Maturing July 26, 2012		908,428
Metro-Goldwyn-Mayer Holdings, Inc.
	4,799	Term Loan, 0.00%, Maturing April 8, 2012⁽²⁾		2,761,577
National CineMedia, LLC
	2,750	Term Loan, 2.05%, Maturing February 13, 2015		2,572,969
Regal Cinemas Corp.
	5,163	Term Loan, 4.03%, Maturing November 10, 2010		5,128,372
Revolution Studios Distribution Co., LLC
	985	Term Loan, 4.00%, Maturing December 21, 2014		896,455
	800	Term Loan - Second Lien, 7.25%, Maturing June 21, 2015		460,000
Six Flags Theme Parks, Inc.
	1,105	Term Loan, 2.50%, Maturing April 30, 2015		1,083,730
Southwest Sports Group, LLC
	1,875	Term Loan, 6.75%, Maturing December 22, 2010		1,575,000
Universal City Development Partners, Ltd.
	1,721	Term Loan, 6.00%, Maturing June 9, 2011		1,717,042
	2,625	Term Loan, Maturing November 6, 2014⁽⁴⁾		2,585,625
Zuffa, LLC
	2,340	Term Loan, 2.31%, Maturing June 20, 2016		2,111,501


			$	41,093,253




Lodging and Casinos — 2.6%

Ameristar Casinos, Inc.
	1,059	Term Loan, 3.53%, Maturing November 10, 2012	$	1,052,574
Harrah’s Operating Co.
	1,223	Term Loan, 3.28%, Maturing January 28, 2015		975,627
	3,000	Term Loan, 9.50%, Maturing October 31, 2016		2,939,166
LodgeNet Entertainment Corp.
	1,954	Term Loan, 2.29%, Maturing April 4, 2014		1,794,189
New World Gaming Partners, Ltd.
	203	Term Loan, 2.79%, Maturing June 30, 2014		168,357
	1,003	Term Loan, 2.79%, Maturing June 30, 2014		831,210

See notes to financial statements

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

PORTFOLIO OF INVESTMENTS CONT’D


Principal
Amount*
(000’s omitted)		Borrower/Tranche Description	Value


Lodging and Casinos (continued)


Penn National Gaming, Inc.
	354	Term Loan, 2.01%, Maturing October 3, 2012	$	342,820
Venetian Casino Resort/Las Vegas Sands, Inc.
	854	Term Loan, 2.04%, Maturing May 14, 2014		697,231
	3,382	Term Loan, 2.04%, Maturing May 23, 2014		2,760,680
Wimar OpCo, LLC
	1,883	Term Loan, 0.00%, Maturing January 3, 2012⁽²⁾		601,873


			$	12,163,727




Nonferrous Metals / Minerals — 1.5%

Euramax International, Inc.
	307	Term Loan, 10.00%, Maturing June 29, 2013	$	185,515
	301	Term Loan, 14.00%, Maturing June 29, 2013⁽³⁾		182,103
Noranda Aluminum Acquisition
	2,092	Term Loan, 2.24%, Maturing May 18, 2014		1,699,636
Novelis, Inc.
	619	Term Loan, 2.25%, Maturing June 28, 2014		558,607
	1,361	Term Loan, 2.27%, Maturing June 28, 2014		1,228,971
Oxbow Carbon and Mineral Holdings
	3,099	Term Loan, 2.27%, Maturing May 8, 2014		2,948,265
	296	Term Loan, 2.28%, Maturing May 8, 2014		281,226


			$	7,084,323




Oil and Gas — 3.0%

Atlas Pipeline Partners, L.P.
	920	Term Loan, 6.75%, Maturing July 20, 2014	$	904,566
Big West Oil, LLC
	315	Term Loan, 4.50%, Maturing May 1, 2014		305,530
	396	Term Loan, 4.50%, Maturing May 1, 2014		384,095
Dresser, Inc.
	1,432	Term Loan, 2.68%, Maturing May 4, 2014		1,342,424
	1,000	Term Loan - Second Lien, 6.00%, Maturing May 4, 2015		910,000
Dynegy Holdings, Inc.
	336	Term Loan, 4.00%, Maturing April 2, 2013		323,426
	5,161	Term Loan, 4.00%, Maturing April 2, 2013		4,970,659
Enterprise GP Holdings, L.P.
	1,114	Term Loan, 2.52%, Maturing October 31, 2014		1,077,553
Hercules Offshore, Inc.
	1,614	Term Loan, 8.50%, Maturing July 6, 2013		1,558,668
Niska Gas Storage
	41	Term Loan, 2.00%, Maturing May 13, 2011		39,596
	61	Term Loan, 2.00%, Maturing May 13, 2011		58,454
	593	Term Loan, 2.00%, Maturing May 12, 2013		568,631
Precision Drilling Corp.
	1,000	Term Loan, 4.58%, Maturing December 23, 2013		985,000
Targa Resources, Inc.
	119	Term Loan, 2.24%, Maturing October 31, 2012		116,924
	228	Term Loan, 2.28%, Maturing October 31, 2012		224,076


			$	13,769,602




Publishing — 9.4%

American Media Operations, Inc.
	4,190	Term Loan, 10.00%, Maturing January 31, 2013⁽³⁾	$	3,804,835
Aster Zweite Beteiligungs GmbH
	1,775	Term Loan, 2.89%, Maturing September 27, 2013		1,540,700
GateHouse Media Operating, Inc.
	872	Term Loan, 2.25%, Maturing August 28, 2014		339,252
	2,078	Term Loan, 2.25%, Maturing August 28, 2014		808,791
	675	Term Loan, 2.50%, Maturing August 28, 2014		262,688
Getty Images, Inc.
	3,968	Term Loan, 6.25%, Maturing July 2, 2015		3,996,215
Idearc, Inc.
	7,082	Term Loan, 0.00%, Maturing November 17, 2014⁽²⁾		3,238,745
Lamar Media Corp.
	986	Term Loan, 5.50%, Maturing September 30, 2012		981,974
Laureate Education, Inc.
	348	Term Loan, 3.53%, Maturing August 17, 2014		317,290
	2,326	Term Loan, 3.53%, Maturing August 17, 2014		2,119,990
	1,500	Term Loan, 7.00%, Maturing August 31, 2014		1,500,000
Local Insight Regatta Holdings, Inc.
	1,635	Term Loan, 7.75%, Maturing April 23, 2015		1,283,460
MediaNews Group, Inc.
	703	Term Loan, 6.74%, Maturing August 2, 2013		217,491
Merrill Communications, LLC
	1,225	Term Loan, 8.50%, Maturing December 24, 2012		972,589
	1,001	Term Loan - Second Lien, 14.75%, Maturing November 15, 2013⁽³⁾		578,078
Nelson Education, Ltd.
	490	Term Loan, 2.78%, Maturing July 5, 2014		431,200
Nielsen Finance, LLC
	5,950	Term Loan, 2.24%, Maturing August 9, 2013		5,553,130
	997	Term Loan, 3.99%, Maturing May 1, 2016		938,535
PagesJaunes Group, SA
EUR	500	Term Loan, 5.03%, Maturing April 10, 2016		463,570
Philadelphia Newspapers, LLC
	708	Term Loan, 0.00%, Maturing June 29, 2013⁽²⁾		162,858

See notes to financial statements

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

PORTFOLIO OF INVESTMENTS CONT’D


Principal
Amount*
(000’s omitted)		Borrower/Tranche Description	Value


Publishing (continued)


Reader’s Digest Association, Inc. (The)
	1,134	DIP Loan, 13.50%, Maturing August 21, 2010	$	1,180,927
	1,246	Revolving Loan, 4.54%, Maturing March 3, 2014		612,182
	5,016	Term Loan, 4.25%, Maturing March 3, 2014		2,465,345
	448	Term Loan, 7.00%, Maturing March 3, 2014		220,108
SGS International, Inc.
	598	Term Loan, 2.79%, Maturing December 30, 2011		572,766
Source Interlink Companies, Inc.
	916	Term Loan, 10.75%, Maturing June 18, 2013		755,668
	478	Term Loan, 15.00%, Maturing June 18, 2013⁽³⁾		167,240
Trader Media Corp.
GBP	1,315	Term Loan, 2.64%, Maturing March 23, 2015		1,848,224
Tribune Co.
	1,547	Term Loan, 0.00%, Maturing April 10, 2010⁽²⁾		720,551
	1,935	Term Loan, 0.00%, Maturing May 17, 2014⁽²⁾		916,890
	2,990	Term Loan, 0.00%, Maturing May 17, 2014⁽²⁾		1,350,817
Xsys, Inc.
	1,801	Term Loan, 2.89%, Maturing September 27, 2013		1,562,949
	1,828	Term Loan, 2.89%, Maturing September 27, 2014		1,586,991


			$	43,472,049




Radio and Television — 5.2%

Block Communications, Inc.
	818	Term Loan, 2.28%, Maturing December 22, 2011	$	756,766
Citadel Broadcasting Corp.
	1,000	Term Loan, 2.04%, Maturing June 12, 2014		688,750
CMP KC, LLC
	956	Term Loan, 6.25%, Maturing May 5, 2013⁽⁷⁾		274,426
CMP Susquehanna Corp.
	1,570	Term Loan, 2.25%, Maturing May 5, 2013		1,164,471
Discovery Communications, Inc.
	995	Term Loan, 5.25%, Maturing May 14, 2014		1,011,169
Emmis Operating Co.
	760	Term Loan, 4.28%, Maturing November 2, 2013		584,706
Gray Television, Inc.
	1,083	Term Loan, 3.79%, Maturing January 19, 2015		933,630
HIT Entertainment, Inc.
	750	Term Loan, 2.73%, Maturing March 20, 2012		657,481
Intelsat Corp.
	2,441	Term Loan, 2.75%, Maturing January 3, 2014		2,311,898
	2,440	Term Loan, 2.75%, Maturing January 3, 2014		2,311,192
	2,440	Term Loan, 2.75%, Maturing January 3, 2014		2,311,192
Ion Media Networks, Inc.
	332	DIP Loan, 10.17%, Maturing May 29, 2010⁽⁵⁾⁽⁷⁾		522,323
	2,500	Term Loan, 0.00%, Maturing January 15, 2012⁽²⁾		633,332
NEP II, Inc.
	609	Term Loan, 2.53%, Maturing February 16, 2014		563,663
Nexstar Broadcasting, Inc.
	1,758	Term Loan, 5.00%, Maturing October 1, 2012		1,578,100
	1,663	Term Loan, 5.01%, Maturing October 1, 2012		1,492,205
Raycom TV Broadcasting, LLC
	875	Term Loan, 1.75%, Maturing June 25, 2014		726,250
SFX Entertainment
	1,016	Term Loan, 3.51%, Maturing June 21, 2013		939,789
Sirius Satellite Radio, Inc.
	490	Term Loan, 2.56%, Maturing December 19, 2012		453,658
Univision Communications, Inc.
	4,200	Term Loan, 2.53%, Maturing September 29, 2014		3,395,998
Young Broadcasting, Inc.
	709	Term Loan, 0.00%, Maturing November 3, 2012⁽²⁾		462,802


			$	23,773,801




Rail Industries — 0.4%

Kansas City Southern Railway Co.
	1,959	Term Loan, 2.05%, Maturing April 26, 2013	$	1,861,228


			$	1,861,228




Retailers (Except Food and Drug) — 3.6%

American Achievement Corp.
	207	Term Loan, 6.26%, Maturing March 25, 2011	$	185,965
Amscan Holdings, Inc.
	487	Term Loan, 2.65%, Maturing May 25, 2013		442,812
Cumberland Farms, Inc.
	1,522	Term Loan, 2.26%, Maturing September 29, 2013		1,392,548
Educate, Inc.
	500	Term Loan - Second Lien, 5.54%, Maturing June 14, 2014		426,250
FTD, Inc.
	1,330	Term Loan, 6.75%, Maturing July 31, 2014		1,330,053
Harbor Freight Tools USA, Inc.
	400	Term Loan, 9.75%, Maturing July 15, 2010		401,359
Josten’s Corp.
	1,510	Term Loan, 2.32%, Maturing October 4, 2011		1,497,161
Neiman Marcus Group, Inc.
	1,984	Term Loan, 2.29%, Maturing April 5, 2013		1,706,465
Orbitz Worldwide, Inc.
	1,156	Term Loan, 3.28%, Maturing July 25, 2014		1,027,028

See notes to financial statements

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

PORTFOLIO OF INVESTMENTS CONT’D


Principal
Amount*
(000’s omitted)		Borrower/Tranche Description	Value


Retailers (Except Food and Drug) (continued)


Oriental Trading Co., Inc.
	2,530	Term Loan, 9.75%, Maturing July 31, 2013	$	2,103,305
	1,125	Term Loan - Second Lien, 6.24%, Maturing January 31, 2013		272,812
Rover Acquisition Corp.
	2,188	Term Loan, 2.52%, Maturing October 26, 2013		2,109,718
Savers, Inc.
	332	Term Loan, 3.00%, Maturing August 11, 2012		320,728
	364	Term Loan, 3.00%, Maturing August 11, 2012		350,928
Yankee Candle Company, Inc. (The)
	2,958	Term Loan, 2.25%, Maturing February 6, 2014		2,769,794


			$	16,336,926




Steel — 0.5%

Algoma Acquisition Corp.
	1,530	Term Loan, 8.00%, Maturing June 20, 2013	$	1,444,893
Niagara Corp.
	1,984	Term Loan, 9.25%, Maturing June 29, 2014		922,723


			$	2,367,616




Surface Transport — 0.5%

Gainey Corp.
	1,217	Term Loan, 0.00%, Maturing April 20, 2012⁽²⁾	$	258,703
Oshkosh Truck Corp.
	1,550	Term Loan, 6.32%, Maturing December 6, 2013		1,550,630
Swift Transportation Co., Inc.
	804	Term Loan, 3.56%, Maturing May 10, 2014		694,254


			$	2,503,587




Telecommunications — 4.8%

Alaska Communications Systems Holdings, Inc.
	985	Term Loan, 2.03%, Maturing February 1, 2012	$	944,209
Asurion Corp.
	3,900	Term Loan, 3.24%, Maturing July 13, 2012		3,708,791
	1,000	Term Loan - Second Lien, 6.74%, Maturing January 13, 2013		952,188
Centennial Cellular Operating Co., LLC
	4,021	Term Loan, 2.24%, Maturing February 9, 2011		4,004,701
CommScope, Inc.
	1,336	Term Loan, 2.78%, Maturing November 19, 2014		1,295,402
Intelsat Subsidiary Holding Co.
	946	Term Loan, 2.75%, Maturing July 3, 2013		910,284
Iowa Telecommunications Services
	1,616	Term Loan, 2.04%, Maturing November 23, 2011		1,558,682
Macquarie UK Broadcast Ventures, Ltd.
GBP	755	Term Loan, 2.51%, Maturing January 12, 2014		1,071,708
NTelos, Inc.
	1,500	Term Loan, 5.75%, Maturing August 13, 2015		1,510,625
Palm, Inc.
	1,757	Term Loan, 3.79%, Maturing April 24, 2014		1,557,834
Stratos Global Corp.
	977	Term Loan, 2.78%, Maturing February 13, 2012		961,853
Trilogy International Partners
	850	Term Loan, 3.78%, Maturing June 29, 2012		714,000
Windstream Corp.
	3,020	Term Loan, 3.00%, Maturing December 17, 2015		2,937,851


			$	22,128,128




Utilities — 4.5%

AEI Finance Holding, LLC
	270	Term Loan, 3.24%, Maturing March 30, 2012	$	250,194
	1,857	Term Loan, 3.28%, Maturing March 30, 2014		1,722,672
Astoria Generating Co.
	1,000	Term Loan - Second Lien, 4.04%, Maturing August 23, 2013		930,000
BRSP, LLC
	1,000	Term Loan, 7.50%, Maturing June 24, 2014		940,000
Calpine Corp.
	5,977	DIP Loan, 3.17%, Maturing March 29, 2014		5,511,160
Electricinvest Holding Co.
GBP	480	Term Loan, 5.02%, Maturing October 24, 2012		630,240
EUR	477	Term Loan - Second Lien, 4.93%, Maturing October 24, 2012		561,130
NRG Energy, Inc.
	1,948	Term Loan, 2.02%, Maturing June 1, 2014		1,837,285
	2,046	Term Loan, 2.03%, Maturing June 1, 2014		1,930,090
Pike Electric, Inc.
	146	Term Loan, 1.75%, Maturing July 1, 2012		138,197
	340	Term Loan, 1.75%, Maturing December 10, 2012		321,084
TXU Texas Competitive Electric Holdings Co., LLC
	1,000	Term Loan, Maturing October 10, 2014⁽⁴⁾		779,583
	1,332	Term Loan, 3.74%, Maturing October 10, 2014		1,025,430
	3,813	Term Loan, 3.74%, Maturing October 10, 2014		2,963,875
Vulcan Energy Corp.
	1,093	Term Loan, 5.50%, Maturing December 31, 2015		1,104,197


			$	20,645,137



Total Senior Floating-Rate Interests
(identified cost $768,496,358)			$	704,552,398

See notes to financial statements

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

PORTFOLIO OF INVESTMENTS CONT’D


Corporate Bonds & Notes — 6.4%

Principal
Amount*
(000’s omitted)		Security	Value


Aerospace and Defense — 0.0%

Alion Science and Technologies Corp.
	145	10.25%, 2/1/15	$	102,950
Hawker Beechcraft Acquisition
	125	9.75%, 4/1/17		84,063


			$	187,013




Air Transport — 0.0%

Continental Airlines
	194	7.033%, 6/15/11	$	174,195


			$	174,195




Automotive — 0.1%

Altra Industrial Motion, Inc.
	335	9.00%, 12/1/11	$	343,794
Commercial Vehicle Group, Inc., Sr. Notes
	100	8.00%, 7/1/13		57,500


			$	401,294




Building and Development — 0.6%

Grohe Holding GmbH, Variable Rate
EUR	2,000	3.617%, 1/15/14⁽⁸⁾	$	2,442,940
Panolam Industries International, Sr. Sub. Notes
	425	10.75%, 10/1/13⁽²⁾		138,125
Texas Industries, Inc., Sr. Notes
	115	7.25%, 7/15/13⁽⁹⁾		113,275


			$	2,694,340




Business Equipment and Services — 0.3%

Affinion Group, Inc.
	95	10.125%, 10/15/13	$	97,850
	205	11.50%, 10/15/15		215,250
Education Management, LLC, Sr. Notes
	390	8.75%, 6/1/14		403,650
MediMedia USA, Inc., Sr. Sub. Notes
	170	11.375%, 11/15/14⁽⁹⁾		126,650
Ticketmaster Entertainment, Inc.
	185	10.75%, 8/1/16		191,475
West Corp.
	275	9.50%, 10/15/14		276,375


			$	1,311,250



Cable and Satellite Television — 0.0%

Kabel Deutschland GmbH
	190	10.625%, 7/1/14	$	201,163


			$	201,163




Chemicals and Plastics — 0.2%

CII Carbon, LLC
	185	11.125%, 11/15/15⁽⁹⁾	$	183,150
Reichhold Industries, Inc., Sr. Notes
	445	9.00%, 8/15/14⁽⁹⁾		362,675
Wellman Holdings, Inc., Sr. Sub. Notes
	449	5.00%, 1/29/19⁽⁷⁾		165,232


			$	711,057




Clothing / Textiles — 0.2%

Levi Strauss & Co., Sr. Notes
	270	9.75%, 1/15/15	$	283,500
	75	8.875%, 4/1/16		76,875
Perry Ellis International, Inc., Sr. Sub. Notes
	360	8.875%, 9/15/13		350,100


			$	710,475




Conglomerates — 0.1%

RBS Global & Rexnord Corp.
	161	9.50%, 8/1/14⁽⁹⁾	$	160,195
	155	11.75%, 8/1/16		151,125


			$	311,320




Containers and Glass Products — 0.6%

Berry Plastics Corp., Sr. Notes, Variable Rate
	2,000	5.034%, 2/15/15	$	1,850,000
Intertape Polymer US, Inc., Sr. Sub. Notes
	310	8.50%, 8/1/14		243,350
Pliant Corp.
	345	11.625%, 6/15/09⁽³⁾⁽⁶⁾		304,627
Smurfit-Stone Container Corp., Sr. Notes
	45	8.38%, 7/1/12⁽²⁾		35,437
	250	8.00%, 3/15/17⁽²⁾		193,750


			$	2,627,164




Ecological Services and Equipment — 0.2%

Environmental Systems Product Holdings, Inc., Jr. Notes
	373	18.00%, 3/31/15⁽³⁾⁽⁷⁾		298,205

See notes to financial statements

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

PORTFOLIO OF INVESTMENTS CONT’D


Principal
Amount*
(000’s omitted)		Security	Value


Ecological Services and Equipment (continued)


Waste Services, Inc., Sr. Sub. Notes
	440	9.50%, 4/15/14	$	444,400


			$	742,605




Electronics / Electrical — 0.3%

Advanced Micro Devices, Inc., Sr. Notes
	220	7.75%, 11/1/12	$	196,350
Amkor Technologies, Inc., Sr. Notes
	190	9.25%, 6/1/16		199,500
Avago Technologies Finance
	215	11.875%, 12/1/15		236,500
Ceridian Corp., Sr. Notes
	195	11.25%, 11/15/15		188,663
NXP BV/NXP Funding, LLC, Variable Rate
	775	3.034%, 10/15/13		588,031


			$	1,409,044




Equipment Leasing — 0.0%

Hertz Corp.
	10	8.875%, 1/1/14	$	10,175


			$	10,175




Financial Intermediaries — 0.1%

Ford Motor Credit Co., Sr. Notes
	230	8.00%, 12/15/16	$	222,477


			$	222,477




Food Products — 0.1%

ASG Consolidated, LLC/ASG Finance, Inc., Sr. Disc. Notes
	520	11.50%, 11/1/11	$	510,900


			$	510,900




Food Service — 0.1%

El Pollo Loco, Inc.
	275	11.75%, 11/15/13	$	254,375
NPC International, Inc., Sr. Sub. Notes
	320	9.50%, 5/1/14		317,600


			$	571,975




Food / Drug Retailers — 0.2%

General Nutrition Center, Sr. Notes, Variable Rate
	665	5.178%, 3/15/14⁽³⁾	$	595,175
General Nutrition Center, Sr. Sub. Notes
	385	10.75%, 3/15/15		389,812


			$	984,987




Forest Products — 0.1%

Jefferson Smurfit Corp., Sr. Notes
	90	8.25%, 10/1/12⁽²⁾	$	69,750
	75	7.50%, 6/1/13⁽²⁾		58,875
NewPage Corp.
	165	10.00%, 5/1/12		108,900
Verso Paper Holdings, LLC/Verso Paper, Inc.
	225	11.375%, 8/1/16		147,375


			$	384,900




Health Care — 0.5%

Accellent, Inc.
	285	10.50%, 12/1/13	$	280,725
AMR HoldCo, Inc./EmCare HoldCo, Inc., Sr. Sub. Notes
	325	10.00%, 2/15/15		342,875
DJO Finance, LLC/DJO Finance Corp.
	190	10.875%, 11/15/14		199,025
HCA, Inc.
	115	9.25%, 11/15/16		120,462
MultiPlan, Inc., Sr. Sub. Notes
	485	10.375%, 4/15/16⁽⁹⁾		468,025
National Mentor Holdings, Inc.
	290	11.25%, 7/1/14		289,275
Res-Care, Inc., Sr. Notes
	195	7.75%, 10/15/13		194,025
US Oncology, Inc.
	515	10.75%, 8/15/14		540,750


			$	2,435,162




Industrial Equipment — 0.1%

Chart Industries, Inc., Sr. Sub. Notes
	195	9.125%, 10/15/15	$	195,000
ESCO Corp., Sr. Notes
	145	8.625%, 12/15/13⁽⁹⁾		143,913


			$	338,913

See notes to financial statements

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

PORTFOLIO OF INVESTMENTS CONT’D


Principal
Amount*
(000’s omitted)		Security	Value



Insurance — 0.0%

Alliant Holdings I, Inc.
	100	11.00%, 5/1/15⁽⁹⁾	$	98,000


			$	98,000




Leisure Goods / Activities / Movies — 0.2%

Bombardier, Inc.
	130	8.00%, 11/15/14⁽⁹⁾	$	133,900
HRP Myrtle Beach Operations, LLC/HRP Myrtle Beach Capital Corp.
	195	12.50%, 4/1/13^(2)(7)(9)		0
HRP Myrtle Beach Operations, LLC/HRP Myrtle Beach Capital Corp., Variable Rate
	360	0.00%, 4/1/12^(2)(7)(9)		0
Marquee Holdings, Inc., Sr. Disc. Notes
	610	9.505%, 8/15/14		510,112
Royal Caribbean Cruises, Sr. Notes
	95	7.00%, 6/15/13		92,150
	35	6.875%, 12/1/13		33,338
	25	7.25%, 6/15/16		23,375
	50	7.25%, 3/15/18		45,750
Universal City Development Partners, Sr. Notes
	240	11.75%, 4/1/10		241,800


			$	1,080,425




Lodging and Casinos — 0.5%

Buffalo Thunder Development Authority
	480	9.375%, 12/15/14⁽²⁾⁽⁹⁾	$	91,200
CCM Merger, Inc.
	325	8.00%, 8/1/13⁽⁹⁾		268,125
Chukchansi EDA, Sr. Notes, Variable Rate
	280	4.913%, 11/15/12⁽⁹⁾		175,000
Fontainebleau Las Vegas Casino, LLC
	485	10.25%, 6/15/15⁽²⁾⁽⁹⁾		19,400
Galaxy Entertainment Finance
	300	9.875%, 12/15/12⁽⁹⁾		295,500
Greektown Holdings, LLC, Sr. Notes
	95	10.75%, 12/1/13⁽²⁾⁽⁹⁾		19,475
Indianapolis Downs, LLC & Capital Corp., Sr. Notes
	115	11.00%, 11/1/12⁽⁹⁾		74,175
Inn of the Mountain Gods, Sr. Notes
	500	12.00%, 11/15/10⁽²⁾		201,250
Majestic HoldCo, LLC
	140	12.50%, 10/15/11⁽²⁾⁽⁹⁾		168
Mohegan Tribal Gaming Authority, Sr. Sub. Notes
	140	8.00%, 4/1/12		119,700
	215	7.125%, 8/15/14		151,575
	230	6.875%, 2/15/15		152,950
Pinnacle Entertainment, Inc., Sr. Sub. Notes
	60	7.50%, 6/15/15		54,300
Pokagon Gaming Authority, Sr. Notes
	102	10.375%, 6/15/14⁽⁹⁾		106,080
San Pasqual Casino
	110	8.00%, 9/15/13⁽⁹⁾		105,050
Seminole Hard Rock Entertainment, Variable Rate
	175	2.799%, 3/15/14⁽⁹⁾		141,750
Tunica-Biloxi Gaming Authority, Sr. Notes
	310	9.00%, 11/15/15⁽⁹⁾		280,550
Waterford Gaming, LLC, Sr. Notes
	274	8.625%, 9/15/14⁽⁹⁾		218,707


			$	2,474,955




Nonferrous Metals / Minerals — 0.2%

FMG Finance PTY, Ltd.
	675	10.625%, 9/1/16⁽⁹⁾	$	744,187


			$	744,187




Oil and Gas — 0.6%

Allis-Chalmers Energy, Inc., Sr. Notes
	335	9.00%, 1/15/14	$	284,750
Clayton Williams Energy, Inc.
	175	7.75%, 8/1/13		153,125
Compton Pet Finance Corp.
	360	7.625%, 12/1/13		267,300
Denbury Resources, Inc., Sr. Sub. Notes
	50	7.50%, 12/15/15		50,250
El Paso Corp., Sr. Notes
	225	9.625%, 5/15/12		235,115
Forbes Energy Services, Sr. Notes
	310	11.00%, 2/15/15		261,175
OPTI Canada, Inc., Sr. Notes
	95	7.875%, 12/15/14		74,575
	175	8.25%, 12/15/14		138,250
Petroleum Development Corp., Sr. Notes
	115	12.00%, 2/15/18		115,287
Petroplus Finance, Ltd.
	370	7.00%, 5/1/17⁽⁹⁾		336,700
Quicksilver Resources, Inc.
	290	7.125%, 4/1/16		261,725

See notes to financial statements

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

PORTFOLIO OF INVESTMENTS CONT’D


Principal
Amount*
(000’s omitted)		Security	Value


Oil and Gas (continued)


SandRidge Energy, Inc., Sr. Notes
	165	8.00%, 6/1/18⁽⁹⁾	$	164,175
SemGroup, L.P., Sr. Notes
	540	8.75%, 11/15/15⁽²⁾⁽⁹⁾		35,100
SESI, LLC, Sr. Notes
	60	6.875%, 6/1/14		58,800
Stewart & Stevenson, LLC, Sr. Notes
	215	10.00%, 7/15/14		198,875


			$	2,635,202




Publishing — 0.1%

Dex Media West/Finance, Series B
	112	9.875%, 8/15/13⁽²⁾	$	22,680
Local Insight Regatta Holdings, Inc.
	90	11.00%, 12/1/17		44,550
Nielsen Finance, LLC
	515	10.00%, 8/1/14		533,025
	70	12.50%, (0.00% until 2011), 8/1/16		60,988
Reader’s Digest Association, Inc. (The), Sr. Sub. Notes
	455	9.00%, 2/15/17⁽²⁾		6,825


			$	668,068




Rail Industries — 0.2%

American Railcar Industry, Sr. Notes
	175	7.50%, 3/1/14	$	160,125
Kansas City Southern Mexico, Sr. Notes
	280	7.625%, 12/1/13		270,200
	100	7.375%, 6/1/14		95,000
	190	8.00%, 6/1/15		195,700


			$	721,025




Retailers (Except Food and Drug) — 0.3%

Amscan Holdings, Inc., Sr. Sub. Notes
	400	8.75%, 5/1/14	$	380,000
Neiman Marcus Group, Inc.
	462	9.00%, 10/15/15		409,686
	105	10.375%, 10/15/15		92,925
Sally Holdings, LLC, Sr. Notes
	20	10.50%, 11/15/16		21,300
Yankee Acquisition Corp., Series B
	405	8.50%, 2/15/15		388,800


			$	1,292,711



Steel — 0.0%

RathGibson, Inc., Sr. Notes
	445	11.25%, 2/15/14⁽²⁾	$	163,538


			$	163,538




Surface Transport — 0.0%

CEVA Group, PLC, Sr. Notes
	210	10.00%, 9/1/14⁽⁹⁾	$	197,400


			$	197,400




Telecommunications — 0.4%

Digicel Group, Ltd., Sr. Notes
	300	9.25%, 9/1/12⁽⁹⁾	$	306,000
	882	9.125%, 1/15/15⁽⁹⁾		851,130
Qwest Corp., Sr. Notes, Variable Rate
	925	3.549%, 6/15/13		864,875


			$	2,022,005




Utilities — 0.1%

AES Corp., Sr. Notes
	55	8.00%, 10/15/17	$	55,550
NGC Corp.
	390	7.625%, 10/15/26		267,150
NRG Energy, Inc.
	165	7.25%, 2/1/14		164,175
Reliant Energy, Inc., Sr. Notes
	20	7.625%, 6/15/14		19,600


			$	506,475



Total Corporate Bonds & Notes
(identified cost $34,514,751)			$	29,544,400




Asset-Backed Securities — 0.8%

Principal
Amount
(000’s omitted)		Security	Value


$	558	Alzette European CLO SA, Series 2004-1A, Class E2, 7.273%, 12/15/20⁽¹⁰⁾	$	55,761
	696	Avalon Capital Ltd. 3, Series 1A, Class D, 2.357%, 2/24/19^(9)(10)		444,172
	753	Babson Ltd., Series 2005-1A, Class C1, 2.234%, 4/15/19^(9)(10)		487,657
	1,000	Bryant Park CDO Ltd., Series 2005-1A, Class C, 2.334%, 1/15/19^(9)(10)		151,900

See notes to financial statements

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

PORTFOLIO OF INVESTMENTS CONT’D


Principal
Amount
(000’s omitted)		Security	Value


$	1,000	Carlyle High Yield Partners, Series 2004-6A, Class C, 2.911%, 8/11/16⁽¹⁰⁾	$	426,200
	871	Centurion CDO 8 Ltd., Series 2005-8A, Class D, 5.814%, 3/8/17⁽¹⁰⁾		514,218
	750	Centurion CDO 9 Ltd., Series 2005-9A, Class D1, 5.034%, 7/17/19⁽¹⁰⁾		353,025
	750	Comstock Funding Ltd., Series 2006-1A, Class D, 4.611%, 5/30/20^(9)(10)		142,500
	1,500	Dryden Leveraged Loan, Series 2004-6A, Class C1, 2.831%, 7/30/16^(9)(10)		89,400
	1,000	First CLO Ltd., Series 2004-1A1, Class C, 2.582%, 7/27/16^(9)(10)		570,700
	1,000	Schiller Park CLO Ltd., Series 2007-1A, Class D, 2.032%, 4/25/21^(9)(10)		510,500



Total Asset-Backed Securities
(identified cost $9,643,953)			$	3,746,033




Common Stocks — 0.1%

Shares		Security	Value



Air Transport — 0.0%

	1,535	Delta Air Lines, Inc.⁽¹¹⁾	$	10,960


			$	10,960




Building and Development — 0.0%

	508	United Subcontractors, Inc.^(7)(11)	$	40,925


			$	40,925




Chemicals and Plastics — 0.1%

	438	Wellman Holdings, Inc.^(7)(11)	$	157,281


			$	157,281




Ecological Services and Equipment — 0.0%

	6,211	Environmental Systems Products Holdings, Inc.^(7)(11)(12)	$	86,519


			$	86,519




Food Service — 0.0%

	23,029	Buffets, Inc.⁽¹¹⁾	$	149,689


			$	149,689



Nonferrous Metals / Minerals — 0.0%

	701	Euramax International, Inc.^(7)(11)	$	0


			$	0




Publishing — 0.0%

	2,290	Source Interlink Companies, Inc.^(7)(11)	$	16,488


			$	16,488



Total Common Stocks
(identified cost $258,208)			$	461,862




Convertible Preferred Stocks — 0.0%

Shares		Security	Value



Telecommunications — 0.0%

	484	Crown Castle International Corp., 6.25%⁽³⁾	$	26,257


			$	26,257



Total Convertible Preferred Stocks
(identified cost $23,003)			$	26,257




Preferred Stocks — 0.1%

Shares		Security	Value



Ecological Services and Equipment — 0.1%

	2,845	Environmental Systems Products Holdings, Inc., Series A^(7)(11)(12)	$	227,600


			$	227,600



Total Preferred Stocks
(identified cost $49,787)			$	227,600




Miscellaneous — 0.0%

Shares		Security	Value



Air Transport — 0.0%

	1,000,000	Delta Air Lines, Inc., Escrow Certificate⁽¹¹⁾	$	12,500


			$	12,500

See notes to financial statements

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

PORTFOLIO OF INVESTMENTS CONT’D


Shares		Security	Value



Oil and Gas — 0.0%

	105,000	VeraSun Energy Corp., Escrow Certificate^(7)(11)	$	0



Total Miscellaneous (identified cost $0)			$	12,500




Short-Term Investments — 4.5%

Interest/
Principal
Amount
(000’s omitted)		Description	Value


$	18,353	Cash Management Portfolio, 0.00%⁽¹³⁾	$	18,352,976
	2,098	State Street Bank and Trust Euro Time Deposit, 0.01%, 11/2/09		2,098,164



Total Short-Term Investments
(identified cost $20,451,140)			$	20,451,140



Total Investments — 164.8%
(identified cost $833,437,200)			$	759,022,190




Less Unfunded Loan Commitments — (0.5)%			$	(2,028,440	)



Net Investments — 164.3%
(identified cost $831,408,760)			$	756,993,750



Other Assets, Less Liabilities — (35.8)%			$	(164,980,900	)



Auction Preferred Shares Plus
Cumulative Unpaid Dividends — (28.5)%			$	(131,313,022	)



Net Assets Applicable to Common Shares — 100.0%			$	460,699,828

The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares.

DIP - Debtor in Possession

EUR - Euro

GBP - British Pound Sterling


*		In U.S. dollars unless otherwise indicated.

(1)		Senior floating-rate interests (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their 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, Senior Loans will have an expected average life of approximately two to four years. The stated interest rate represents the weighted average interest rate of all contracts within the senior loan facility and includes commitment fees on unfunded loan commitments, if any. Senior Loans typically have rates of interest which are predetermined either daily, monthly, quarterly or semi-annually by reference to a base lending rate, plus a premium. These base 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)		Currently the issuer is in default with respect to interest payments.

(3)		Represents a payment-in-kind security which may pay all or a portion of interest/dividends in additional par/shares.

(4)		This Senior Loan will settle after October 31, 2009, at which time the interest rate will be determined.

(5)		Unfunded or partially unfunded loan commitments. See Note 1G for description.

(6)		Defaulted matured security.

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

(8)		Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

(9)		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 October 31, 2009, the aggregate value of these securities is $8,616,484 or 1.9% of the Trust’s net assets.

(10)		Variable rate security. The stated interest rate represents the rate in effect at October 31, 2009.

(11)		Non-income producing security.

(12)		Restricted security (see Note 8).

(13)		Affiliated investment company available to Eaton Vance portfolios and funds which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of October 31, 2009.

See notes to financial statements

Eaton Vance Senior Floating-Rate Trust as of October 31, 2009

FINANCIAL STATEMENTS

Statement of Assets and Liabilities


As of October 31, 2009

Assets

Unaffiliated investments, at value (identified cost, $813,055,784)	$	738,640,774
Affiliated investment, at value (identified cost, $18,352,976)		18,352,976
Foreign currency, at value (identified cost, $2,006,027)		1,998,867
Interest and dividends receivable		3,605,846
Receivable for investments sold		4,332,180
Receivable for open forward foreign currency exchange contracts		128,469
Receivable for closed swap contracts (net of unrealized depreciation of $5,868)		5,132
Prepaid expenses		113,140


Total assets	$	767,177,384





Liabilities

Notes payable	$	150,000,000
Payable for investments purchased		24,349,486
Payable for open forward foreign currency exchange contracts		81,420
Payable to affiliates:
Investment adviser fee		344,232
Trustees’ fees		1,723
Accrued expenses		387,673


Total liabilities	$	175,164,534


Auction preferred shares (5,252 shares outstanding) at liquidation value plus cumulative unpaid dividends	$	131,313,022


Net assets applicable to common shares	$	460,699,828





Sources of Net Assets

Common shares, $0.01 par value, unlimited number of shares authorized, 33,629,955 shares issued and outstanding	$	336,300
Additional paid-in capital		642,215,325
Accumulated net realized loss		(111,897,028	)
Accumulated undistributed net investment income		4,480,562
Net unrealized depreciation		(74,435,331	)


Net assets applicable to common shares	$	460,699,828





Net Asset Value Per Common Share

($460,699,828 ¸ 33,629,955 common shares issued and outstanding)	$	13.70

Statement of Operations


For the Year Ended
October 31, 2009

Investment Income

Interest	$	41,255,358
Dividends		2,848
Interest income allocated from affiliated investment		64,896
Expenses allocated from affiliated investment		(34,491	)


Total investment income	$	41,288,611





Expenses

Investment adviser fee	$	4,345,667
Trustees’ fees and expenses		21,245
Custodian fee		270,363
Transfer and dividend disbursing agent fees		19,591
Legal and accounting services		328,431
Printing and postage		101,613
Interest expense and fees		4,092,532
Preferred shares service fee		241,254

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