SUPPLEMENT TO THE PROSPECTUSES
OF
EVERGREEN SELECT EQUITY INCOME FUND
On May 14, 1999, the Board of Trustees of Evergreen Select Equity
Income Fund ("Equity Income") approved a proposal to reorganize Equity Income
into Evergreen Select Core Equity Fund ("Core Equity"). If the shareholders of
Equity Income approve the proposal, all of the assets of Equity Income will be
transferred to Core Equity and shareholders of Equity Income will receive shares
of Core Equity in exchange for their shares. Shareholders of Equity Income as of
May 28, 1999 are scheduled to vote on the proposal at a special meeting of
shareholders to be held on July 30, 1999. If approved, the reorganization is
proposed to take place on July 30, 1999. Shareholders of Equity Income will be
mailed information detailing the proposal on or about June 25, 1999.
June 1, 1999
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