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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 Trust

(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 November 30, 2004. This 1 series has an August 31 fiscal year end.


Date of reporting period:
November 30, 2004

Item 1 — Schedule of Investments

UTILITIES AND HIGH INCOME FUND
SCHEDULE OF INVESTMENTS
November 30, 2004 (unaudited)
  Principal
Amount		 Value

CORPORATE BONDS 37.7%		            

CONSUMER DISCRETIONARY 11.4%		    

Auto Components 0.9%		    
Dura Operating Corp., Ser. B, 8.625%, 04/15/2012     $ 1,000,000   $ 1,022,500  
HLI Operating, Inc., 10.50%, 06/15/2010       1,000,000     1,075,000  
Tenneco Automotive, Inc., 10.25%, 07/15/2013       150,000     177,375  
        2,274,875  
Hotels, Restaurants & Leisure 3.0%    
Gaylord Entertainment Co., 6.75%, 11/15/2014 144A       935,000     939,675  
John Q. Hammons Hotels LP, Ser. B, 8.875%, 05/15/2012       1,000,000     1,142,500  
La Quinta Properties, Inc., 7.00%, 08/15/2012 144A       200,000     212,000  
MTR Gaming Group, Inc., 9.75%, 04/01/2010       1,000,000     1,095,000  
Seneca Gaming Corp., 7.25%, 05/01/2012       1,000,000     1,060,000  
Town Sports International, Inc., 9.625%, 04/15/2011       1,000,000     1,085,000  
Venetian Casino Resort LLC, 11.00%, 06/15/2010       1,000,000     1,145,000  
Wynn Resorts, Ltd., 6.625%, 12/01/2014 144A       1,000,000     987,500  
        7,666,675  
Household Durables 1.3%    
Meritage Corp., 9.75%, 06/01/2011       1,000,000     1,117,500  
Standard Pacific Corp., 7.75%, 03/15/2013       1,000,000     1,090,000  
WCI Communities, Inc., 9.125%, 05/01/2012       1,000,000     1,120,000  
        3,327,500  
Media 3.3%    
CSC Holdings, Inc., 7.625%, 04/01/2011       1,000,000     1,075,000  
Dex Media West LLC, 8.50%, 08/15/2010       1,000,000     1,120,000  
Emmis Operating Co., 6.875%, 05/15/2012       1,000,000     1,052,500  
Houghton Mifflin Co., 8.25%, 02/01/2011       1,000,000     1,080,000  
LIN TV Corp., 6.50%, 05/15/2013       650,000     669,500  
Mediacom LLC, 9.50%, 01/15/2013       1,000,000     982,500  
MediaNews Group, Inc., 6.375%, 04/01/2014       1,000,000     995,000  
R.H. Donnelley Finance Corp., 10.875%, 12/15/2012       1,000,000     1,200,000  
        8,174,500  
Specialty Retail 2.0%    
Central Garden & Pet Co., 9.125%, 02/01/2013       1,000,000     1,125,000  
CSK Auto, Inc., 7.00%, 01/15/2014       1,000,000     995,000  
Group 1 Automotive, Inc., 8.25%, 08/15/2013       1,000,000     1,067,500  
Payless Shoesource, Inc., 8.25%, 08/01/2013       300,000     308,250  
PETCO Animal Supplies, Inc., 10.75%, 11/01/2011       395,000     464,125  
United Auto Group, Inc., 9.625%, 03/15/2012       1,000,000     1,122,500  
        5,082,375  
Textiles, Apparel & Luxury Goods 0.9%    
Oxford Industries, Inc., 8.875%, 06/01/2011       1,000,000     1,085,000  
Warnaco Group, Inc., 8.875%, 06/15/2013       1,000,000     1,107,500  
        2,192,500  

CONSUMER STAPLES 1.8%		    

Food & Staples Retailing 1.3%		    
Neighborcare, Inc., 6.875%, 11/15/2013       1,000,000     1,052,500  
Rite Aid Corp., 8.125%, 05/01/2010       1,000,000     1,070,000  
Roundy's, Inc., Ser. B, 8.875%, 06/15/2012       1,000,000     1,105,000  
        3,227,500  

[1]
UTILITIES AND HIGH INCOME FUND
SCHEDULE OF INVESTMENTS continued
November 30, 2004 (unaudited)
  Principal
Amount		 Value

CORPORATE BONDS continued		            

CONSUMER STAPLES continued		    

Food Products 0.4%		    
B&G Foods Holdings Corp., 8.00%, 10/01/2011     $ 20,000   $ 21,100  
Chiquita Brands International, Inc., 7.50%, 11/01/2014 144A       95,000     96,662  
Del Monte Corp., 8.625%, 12/15/2012       96,000     107,760  
Dole Food Co., Inc., 7.25%, 06/15/2010       910,000     950,950  
        1,176,472  
Personal Products 0.1%    
Alderwoods Group, Inc., 7.75%, 09/15/2012 144A       250,000     268,125  

ENERGY 3.7%		    

Energy Equipment & Services 0.7%		    
Dresser, Inc., 9.375%, 04/15/2011       1,000,000     1,105,000  
Hornbeck Offshore Services, Inc., 6.125%, 12/01/2014 144A       150,000     148,875  
Parker Drilling Co., Ser. B, 10.125%, 11/15/2009       500,000     523,125  
        1,777,000  
Oil & Gas 3.0%    
Chesapeake Energy Corp., 6.875%, 01/15/2016       1,000,000     1,060,000  
Evergreen Resources, Inc., 5.875%, 03/15/2012       1,000,000     1,050,000  
Exco Resources, Inc., 7.25%, 01/15/2011       1,000,000     1,077,500  
Ferrellgas LP, 6.75%, 05/01/2014       1,000,000     1,035,000  
Forest Oil Corp., 7.75%, 05/01/2014       1,000,000     1,092,500  
Frontier Oil Corp., 6.625%, 10/01/2011 144A       125,000     128,125  
Plains Exploration & Production Co., 8.75%, 07/01/2012       1,000,000     1,130,000  
Stone Energy Corp., 8.25%, 12/15/2011       1,000,000     1,095,000  
        7,668,125  

FINANCIALS 3.6%		    

Diversified Financial Services 0.4%		    
Arch Western Finance LLC, 6.75%, 07/01/2013       1,000,000     1,052,500  
Insurance 0.9%    
Couche Tard LP, 7.50%, 12/15/2013       1,000,000     1,090,000  
Crum & Forster Holdings Corp., 10.375%, 06/15/2013       1,000,000     1,112,500  
        2,202,500  
Real Estate 2.3%    
CB Richard Ellis Services, Inc., REIT, 9.75%, 05/15/2010       1,300,000     1,488,500  
Host Marriott LP, REIT, 7.125%, 11/01/2013       1,000,000     1,075,000  
LNR Property Corp., REIT, 7.625%, 07/15/2013       1,000,000     1,115,000  
Omega Healthcare Investors, Inc., REIT, 7.00%, 04/01/2014       1,000,000     1,025,000  
Thornburg Mortgage, Inc., REIT, 8.00%, 05/15/2013       1,000,000     1,077,500  
        5,781,000  

HEALTH CARE 1.7%		    

Health Care Providers & Services 1.5%		    
Extendicare Health Services, Inc., 6.875%, 05/01/2014       1,000,000     1,030,000  
Omnicare, Inc., 6.125%, 06/01/2013       675,000     683,438  
Service Corp. International, 6.75%, 04/01/2016       1,000,000     1,055,000  
Triad Hospitals, Inc., 7.00%, 11/15/2013       1,000,000     1,030,000  
        3,798,438  
Pharmaceuticals 0.2%    
Jean Coutu Group, Inc., 8.50%, 08/01/2014 144A       475,000     484,500  

INDUSTRIALS 6.5%		    

Aerospace & Defense 1.1%		    
Aviall, Inc., 7.625%, 07/01/2011       1,520,000     1,637,800  
DRS Technologies, Inc., 6.875%, 11/01/2013       1,000,000     1,050,000  
        2,687,800  

[2]
UTILITIES AND HIGH INCOME FUND
SCHEDULE OF INVESTMENTS continued
November 30, 2004 (unaudited)
  Principal
Amount		 Value

CORPORATE BONDS continued		            

INDUSTRIALS continued		    

Commercial Services & Supplies 2.9%		    
Adesa, Inc., 7.625%, 06/15/2012     $ 1,000,000   $ 1,055,000  
Allied Waste North America, Inc., 6.50%, 11/15/2010       1,000,000     970,000  
Cenveo Corp., 7.875%, 12/01/2013       1,000,000     950,000  
Geo Group, Inc., 8.25%, 07/15/2013       1,000,000     1,065,000  
Manitowoc Co., Inc., 7.125%, 11/01/2013       1,000,000     1,085,000  
NationsRent, Inc., 9.50%, 10/15/2010       1,000,000     1,125,000  
Newpark Resource, Inc., 8.625%, 12/15/2007       1,000,000     1,017,500  
        7,267,500  
Machinery 2.1%    
Case New Holland, Inc., 9.25%, 08/01/2011 144A       1,000,000     1,112,500  
Cummins, Inc., 9.50%, 12/01/2010       1,000,000     1,142,500  
Navistar International Corp., 7.50%, 06/15/2011       1,000,000     1,085,000  
Terex Corp., 7.375%, 01/15/2014       1,000,000     1,077,500  
Wolverine Tube, Inc., 7.375%, 08/01/2008 144A        1,000,000     995,000  
        5,412,500  
Transportation Infrastructure 0.4%    
Offshore Logistics, Inc., 6.125%, 06/15/2013       1,000,000     1,030,000  

INFORMATION TECHNOLOGY 1.2%		    

Electronic Equipment & Instruments 0.5%		    
Da-Lite Screen Co., Inc., 9.50%, 05/15/2011       1,000,000     1,080,000  
IT Services 0.7%    
Stratus Technologies, Inc., 10.375%, 12/01/2008       855,000     769,500  
Unisys Corp., 6.875%, 03/15/2010       1,000,000     1,062,500  
        1,832,000  

MATERIALS 5.3%		    

Chemicals 3.3%		    
Equistar Chemicals LP, 10.625%, 05/01/2011       1,000,000     1,160,000  
Ethyl Corp., 8.875%, 05/01/2010       1,000,000     1,110,000  
Huntsman Advanced Materials LLC:    
    11.00%, 07/15/2010 144A       1,000,000     1,192,500  
    11.625%, 10/15/2010       1,000,000     1,195,000  
Lyondell Chemical Co., 10.50%, 06/01/2013       625,000     743,750  
Millennium America, Inc., 9.25%, 06/15/2008       600,000     679,500  
Nalco Co., 7.75%, 11/15/2011       1,000,000     1,082,500  
Scotts Co., 6.625%, 11/15/2013       1,000,000     1,062,500  
        8,225,750  
Containers & Packaging 0.6%    
Crown Cork & Seal Co., Inc., 7.375%, 12/15/2026       1,000,000     945,000  
Stone Container Corp., 9.75%, 02/01/2011       500,000     555,000  
        1,500,000  
Metals & Mining 1.0%    
Century Aluminum Co., 7.50%, 08/15/2014 144A       175,000     184,625  
Foundation Pennsylvania Coal Co., 7.25%, 08/01/2014 144A       250,000     268,750  
Peabody Energy Corp., 5.875%, 04/15/2016       1,000,000     997,500  
United States Steel Corp., 10.75%, 08/01/2008       1,000,000     1,185,000  
        2,635,875  
Paper & Forest Products 0.4%    
Boise Cascade LLC, 7.125%, 10/15/2014 144A       70,000     73,500  
Neenah Paper, Inc., 7.375%, 11/15/2014 144A       1,000,000     1,020,000  
        1,093,500  

[3]
UTILITIES AND HIGH INCOME FUND
SCHEDULE OF INVESTMENTS continued
November 30, 2004 (unaudited)
  Principal
Amount		 Value

CORPORATE BONDS continued		            

TELECOMMUNICATION SERVICES 1.6%		    

Diversified Telecommunication Services 0.8%		    
Insight Midwest LP, 10.50%, 11/01/2010     $ 1,000,000   $ 1,100,000  
Qwest Corp., 7.875%, 09/01/2011 144A       760,000     815,100  
        1,915,100  
Wireless Telecommunication Services 0.8%    
Nextel Communications, Inc., 5.95%, 03/15/2014       1,000,000     1,022,500  
Rural Cellular Co., 8.25%, 03/15/2012       1,000,000     1,052,500  
        2,075,000  

UTILITIES 0.9%		    

Multi-Utilities & Unregulated Power 0.9%		    
NRG Energy, Inc., 8.00%, 12/15/2013 144A       1,000,000     1,110,000  
Reliant Resources, Inc., 9.50%, 07/15/2013       1,000,000     1,152,500  
        2,262,500  
                Total Corporate Bonds (cost $92,821,737)             95,172,110  

YANKEE OBLIGATIONS-CORPORATE 0.8%		    

TELECOMMUNICATION SERVICES 0.8%		    

Paper & Forest Products 0.4%		    
Millar Western Forest Products, Ltd., 7.75%, 11/15/2013       1,000,000     1,075,000  
Wireless Telecommunication Services 0.4%    
Rogers Wireless, Inc., 6.375%, 03/01/2014       1,000,000     980,000  
                Total Yankee Obligations-Corporate (cost $1,987,821)             2,055,000  

CONVERTIBLE DEBENTURE 2.4%		    

TELECOMMUNICATION SERVICES 2.4%		    

Diversified Telecommunication Services 2.4%		    
Level 3 Communications, Inc., 5.25%, 12/15/2011 144A (cost $6,000,000)       6,000,000     6,060,000  
  Shares Value

COMMON STOCKS 102.3%		            

ENERGY 3.2%		    

Oil & Gas 3.2%		    
Crosstex Energy, Inc.       193,500     7,792,245  
Pennon Group LLC       25,000     422,445  
        8,214,690  

FINANCIALS 5.5%		    

Real Estate 5.5%		    
Global Signal, Inc., REIT       475,000     13,798,750  

INDUSTRIALS 0.7%		    

Industrial Conglomerates 0.7%		    
Severn Trent, Inc.       100,000     1,696,454  

TELECOMMUNICATION SERVICES 18.8%		    

Diversified Telecommunication Services 12.3%		    
ALLTEL Corp.       100     5,669  
BellSouth Corp.       400,000     10,728,000  
China Netcom Group Corp. (Hong Kong), Ltd. *       19,000     455,050  

[4]
UTILITIES AND HIGH INCOME FUND
SCHEDULE OF INVESTMENTS continued
November 30, 2004 (unaudited)
  Shares Value

COMMON STOCKS continued		            

TELECOMMUNICATION SERVICES continued		    

Diversified Telecommunication Services continued		    
D&E Communications, Inc.       25,000   $ 327,500  
SBC Communications, Inc.       250,000     6,292,500  
Verizon Communications, Inc.       320,000     13,193,600  
        31,002,319  
Wireless Telecommunication Services 6.5%    
Bouygues SA       300,000     12,871,354  
Western Wireless Corp., Class A       132,500     3,577,500  
        16,448,854  

UTILITIES 74.1%		    

Electric Utilities 43.5%		    
Allete, Inc.       100,000     3,640,000  
Ameren Corp.       150,100     7,267,842  
American Electric Power Co., Inc.       175,000     5,979,750  
Cleco Corp.       95,000     1,881,000  
DPL, Inc.       400,000     9,592,000  
DTE Energy Co.       100     4,388  
E.ON AG       45,000     3,778,474  
Edison International       100     3,190  
Enel SpA       1,126,179     10,019,001  
Entergy Corp.       210,000     13,612,200  
Exelon Corp.       345,100     14,394,121  
FirstEnergy Corp.       200,000     8,446,000  
Hawaiian Electric Industries, Inc.       300,000     8,475,000  
Maine & Maritimes Corp.       34,600     882,300  
MGE Energy, Inc.       70,100     2,415,646  
Progress Energy, Inc.       200     8,782  
Scottish and Southern Energy plc       500,000     7,848,126  
Southern Co.       100     3,279  
TECO Energy, Inc.       100     1,496  
TERNA SpA       2,000,000     5,237,108  
TXU Corp.       100,100     6,288,282  
Westar Energy, Inc.       100     2,215  
Wisconsin Energy Corp.       100     3,327  
Xcel Energy, Inc.       100     1,806  
        109,785,333  
Gas Utilities 1.8%    
Atmos Energy Corp.       125,000     3,373,750  
NiSource, Inc.       50,000     1,089,500  
UGI Corp.       100     4,058  
        4,467,308  
Multi-Utilities & Unregulated Power 23.1%    
Central Vermont Public Service Corp.       100     2,258  
Constellation Energy Group, Inc.       100     4,370  
Dominion Resources, Inc.       175,000     11,457,250  
Duke Energy Corp.       525,000     13,272,000  
Energy East Corp.       15,000     377,550  
ONEOK, Inc.       5,000     139,600  
Public Service Enterprise Group, Inc.       125,000     5,498,750  
RWE AG       75,000     3,976,556  
scana Corp.       250,000     9,580,000  

[5]
UTILITIES AND HIGH INCOME FUND
SCHEDULE OF INVESTMENTS continued
November 30, 2004 (unaudited)
  Shares Value

COMMON STOCKS continued		            

UTILITIES continued		    

Multi-Utilities & Unregulated Power continued		    
United Utilities plc       900,000   $ 9,663,780  
Vectren Corp.       175,100     4,584,118  
        58,556,232  
Water Utilities 5.7%    
Kelda Group plc       800,000     8,223,844  
Northumbrian Water, Ltd.       1,900,000     5,435,519  
Pennichuck Corp.       34,000     862,240  
        14,521,603  
                Total Common Stocks (cost $231,014,455)             258,491,543  

PREFERRED STOCKS 0.1%		    

UTILITIES 0.1%		    

Electric Utilities 0.1%		    
Dayton Power & Light Co. (cost $350,720)       5,120     342,080  

UNIT INVESTMENT TRUST 0.1%		    
Kayne Anderson MLP Investments Co. (cost $375,000)       15,000     373,500  

SHORT-TERM INVESTMENTS 3.8%		    

MUTUAL FUND SHARES 3.8%		    
Evergreen Institutional Money Market Fund ø (cost $9,642,009)       9,642,009     9,642,009  
Total Investments (cost $342,191,742) 147.2%             372,136,242  
Other Assets and Liabilities and Preferred Shares (47.2%)             (119,352,983 )
Net Assets Applicable to Common Shareholders 100.0%           $ 252,783,259  

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.
 No market quotation available. Valued at fair value as determined in good faith under procedures established by the Board of Trustees.
* Non-income producing security
ø Evergreen Investment Management Company, LLC is the investment advisor to both the Fund and the money market fund.

Summary of Abbreviations
REIT Real Estate Investment Trust

On November 30, 2004, the aggregate cost of securities for federal income tax purposes was $342,855,685. The gross unrealized appreciation and depreciation on securities based on tax cost was $72,979,128 and $43,698,571 respectively, with a net unrealized appreciation of $29,280,557.

At November 30, 2004, the Fund had the following open interest rate swap agreements:

Expiration     Notional
Amount		   Counterparty     Cash Flows Paid
by the Fund		     Cash Flows Received
by the Fund		     Unrealized
Gains		  
11/16/2007     $43,000,000     RSB
Greenwich
Capital		     Fixed–3.525%     Floating–2.10%     $168,054  

[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 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.


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-3(d) under the Investment Company Act of 1940, are attached as EX-99.CERT.


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: January 27, 2005

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

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

Date: January 27, 2005


By: /s/ Carol A. Kosel
——————————————
Carol A. Kosel
Principal Financial Officer

Date: January 27, 2005