UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                    FORM N-Q
             QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
                         MANAGEMENT INVESTMENT COMPANIES

                  Investment Company Act file number: 811-21206



                           AEW Real Estate Income Fund
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               (Exact name of registrant as specified in charter)

                399 Boylston Street, Boston, Massachusetts 02116
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               (Address of principal executive offices) (Zip code)

                           Coleen Downs Dinneen, Esq.
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                    IXIS Asset Management Distributors, L.P.
                               399 Boylston Street
                           Boston, Massachusetts 02116
                     (Name and address of agent for service)


Registrant's telephone number, including area code:  (617) 449-2810

Date of fiscal year end: January 31, 2005

Date of reporting period: April 30, 2005






ITEM I      SCHEDULE OF INVESTMENTS






ITEM 2.     CONTROLS AND PROCEDURES.

The registrant's principal executive officer and principal financial officer
have concluded that the registrant's disclosure controls and procedures are
sufficient to ensure that information required to be disclosed by the registrant
in this Form N-Q was recorded, processed, summarized and reported within the
time periods specified in the Securities and Exchange Commission's rules and
forms, based upon such officers' evaluation of these controls and procedures as
of a date within 90 days of the filing date of the report. There were no changes
in the registrant's internal control over financial reporting that occurred
during the registrant's last fiscal quarter that has materially affected, or is
reasonably likely to materially affect, the registrant's internal control over
financial reporting.

ITEM 3. EXHIBITS

(a)(1) Certification for the principal executive officer as required by Rule
30a-2(a) of the Investment Company Act of 1940, as amended (the "Act") filed
herewith. (a)(2) Certification for the principal financial officer as required
by Rule 30a-2(a) of the Act filed herewith.






                                   SIGNATURES

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

                                  AEW Real Estate Income Fund

                                  By: /s/ John T. Hailer

                                  Name: John T. Hailer
                                  Title:   President and Chief Executive Officer
                                  Date:    June 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 by the following
persons on behalf of the registrant and in the capacities and on the dates
indicated.


                                  AEW Real Estate Income Fund


                                  By: /s/ John T. Hailer

                                  Name: John T. Hailer
                                  Title:   President and Chief Executive Officer
                                  Date:    June 27, 2005


                                  By:/s/ Michael C. Kardok
                                  Name: Michael C. Kardok
                                  Title: Treasurer
                                  Date: June 27, 2005