SUPPLEMENT TO THE PROSPECTUSES
OF EVERGREEN SELECT COMMON STOCK FUND
The Evergreen Select Equity Trust, Institutional Shares' prospectus and
Evergreen Select Equity Trust, Institutional Service Shares' prospectus are each
revised and supplemented as follows:
The tables under the section entitled "Expenses" for the Evergreen Select Common
Stock Fund (the "Fund") have been restated to reflect a change in the waiver
amounts for Management Fees and Other Expenses. Management Fees, Other Expenses
and Total Operating Expenses of the Fund will now be as follows:
(Institutional Shares):
Annual Fund Operating Expenses (as a percentage of average daily net assets)
Management Fees Other Total Operating Expenses
(After Expense Waivers) 12b-1 Fees Expenses (After Expense Waivers)
0.60% NONE 0.10% 0.70%
Absent expense waivers and/or reimbursements, the Total Operating Expenses
for the Fund would be:
Management Fees 12b-1 Fees Other Expenses Total Operating Expenses
0.70% NONE 0.10% 0.80%
(Institutional Service Shares):
Annual Fund Operating Expenses (as a percentage of average daily net assets)
Management Fees Other Total Operating Expenses
(After Expense Waivers) 12b-1 Fees Expenses (After Expense Waivers)
0.60% 0.25% 0.10% 0.95%
Absent expense waivers and/or reimbursements, the Total Operating Expenses
for the Fund would be:
Management Fees 12b-1 Fees Other Expenses Total Operating Expenses
0.70% 0.25% 0.10% 1.05%
December 17, 1998
90101 547120 12/98
