SUPPLEMENT TO THE
STATEMENT OF ADDITIONAL INFORMATION OF
KEYSTONE SMALL COMPANY GROWTH FUND II
(THE "FUND")
The cover page of the statement of additional information of the Fund
is hereby supplemented as follows:
"This statement of additional information pertains to all classes
of shares of Keystone Small Company Growth Fund II (the "Fund"). It is
not a prospectus, but relates to, and should be read in conjunction
with, either the prospectus offering Class A, B and C shares dated
August 30, 1996, or the separate prospectus offering Class Y shares
dated December 10, 1996. You may obtain copies of each prospectus from
the Fund's principal underwriter, Evergreen Keystone Distributor, Inc.
(formerly Keystone Investment Distributors Company) (the "Principal
Underwriter"), or your broker-dealer. The Principal Underwriter is
located at 200 Berkeley Street, Boston, Massachusetts 02116-5034."
December 19, 1996
