SUPPLEMENT TO THE PROSPECTUSES
OF
EVERGREEN SELECT STRATEGIC GROWTH FUND
EVERGREEN SELECT EQUITY INDEX FUND
(THE "FUNDS")
The prospectuses of the Funds, dated November 1, 1998, are hereby
supplemented to reflect the following edits to the section entitled "Portfolio
Managers" under "Fund Organization and Service Providers."
Evergreen Select
Strategic Growth Fund
David M. Chow has managed the Strategic Growth Fund since September 1998. Mr.
Chow has over 4 years of investment experience. He is currently responsible for
portfolio management, risk management, and quantitative research. Prior to
joining First Capital Group in September 1994, he served as portfolio manager
for FUNB's First Investment Advisors servicing high net worth for individuals
from September 1993 to September 1994. In addition to being a Chartered
Financial Analyst, Mr. Chow is a member of the NC Society of Financial Analysts.
Evergreen Select
Equity Index Fund
Eric M. Teal has managed the Equity Index Fund since December 1998. Mr. Teal,
Vice President and quantitative equity analyst, joined FUNB in September 1993
and currently heads the Quantitative Analysis/Portfolio Management Unit within
FUNB. He also manages Evergreen Select Diversified Value Fund and is responsible
for risk analysis and quantitative management for other Evergreen Select Equity
Funds.
January 4, 1999
