1933 Act No. 333-36047
1940 Act No. 811-08363
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [ ]
Pre-Effective Amendment No. [ ]
Post-Effective Amendment No. 9 [X]
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [ ]
Amendment No. 9 [X]
EVERGREEN SELECT EQUITY TRUST
(Exact Name of Registrant as Specified in Charter)
200 Berkeley Street, Boston, Massachusetts 02116-5034
(Address of Principal Executive Offices)
(617) 210-3200
(Registrant's Telephone Number)
Michael H. Koonce, Esquire
200 Berkeley Street
Boston, Massachusetts 02116
(Name and Address of Agent for Service)
It is proposed that this filing will become effective:
[x] immediately upon filing pursuant to paragraph (b)
[ ] on [date] pursuant to paragraph (b)
[ ] 60 days after filing pursuant to paragraph (a)(i)
[ ] on (date) pursuant to paragraph (a)(i)
[ ] 75 days after filing pursuant to paragraph (a)(ii)
[ ] on (date) pursuant to paragraph (a)(ii) of Rule 485
If appropriate, check the following box:
[ ] this post-effective amendment designates a new effective date for a
previously filed post-effective amendment
[ ] 60 days after filing pursuant to paragraph (a)(i)
[ ] on (date) pursuant to paragraph (a)(i)
<PAGE>
EVERGREEN SELECT EQUITY TRUST
CONTENTS OF POST-EFFECTIVE NO. 9 TO
REGISTRATION STATEMENT ON
FORM N-1A
This Post-Effective Amendment No. 9 to Registrant's Registration
Statement No. 333-36047/811-08363 consists of the following pages, items of
information and documents, together with the exhibits indicated in Part C as
being filed herewith.
Facing Sheet
Contents Page
Cross-Reference Sheet
PART A
Prospectus for the Class A, Class B and Class C Shares of Evergreen
Select Equity Index Fund is contained herein.
Prospectus for the Institutional Shares and Institutional Service Shares of
Evergreen Select Secular Growth Fund is contained in Post-Effective Amendment
No. 8 to Registration Statement No.333-36047 and 811-8363 filed with the SEC on
February 1, 1999.
Prospectus for Charitable Shares of Evergreen Select Secular Growth Fund is
contained in Post-Effective Amendment No. 8 to Registration Statement
No.333-36047 and 811-8363 filed with the SEC on February 1, 1999.
Prospectuses for the Institutional Shares and Institutional Service Shares
of Evergreen Select Strategic Value Fund, Evergreen Select Diversified Value
Fund, Evergreen Select Large Cap Blend Fund, Evergreen Select Core Equity Fund
(formerly Evergreen Select Common Stock Fund), Evergreen Select Strategic Growth
Fund, Evergreen Select Equity Income Fund, Evergreen Select Small Company Value
Fund, Evergreen Select Social Principles Fund, Evergreen Select Balanced Fund,
Evergreen Select Equity Index Fund, Evergreen Select Special Equity Fund and
Evergreen Select Small Cap Growth Fund are contained in Post-Effective Amendment
No. 6 to Registration Statement No. 333-36047 and 811-08363, filed with the SEC
on October 30, 1998.
Prospectus for the Charitable Shares of Evergreen Select Large Cap Blend
Fund and Evergreen Select Social Principles Fund is contained in Post-Effective
Amendment No. 6 to Registration Statement No. 333-36047 and 811-08363, filed
with the SEC on October 30, 1998.
PART B
Amendment to the Statement of Additional Information of Evergreen Select
Strategic Value Fund, Evergreen Select Diversified Value Fund, Evergreen Select
Large Cap Blend Fund, Evergreen Select Core Equity Fund (formerly Evergreen
Select Common Stock Fund), Evergreen Select Strategic Growth Fund, Evergreen
Select Equity Income Fund, Evergreen Select Small Company Value Fund, Evergreen
Select Social Principles Fund, Evergreen Select Balanced Fund, Evergreen Select
Equity Index Fund, Evergreen Select Special Equity Fund and Evergreen Select
Small Cap Growth Fund is contained herein.
Statement of Additional Information for Evergreen Select Secular
Growth Fund is contained in Post-Effective Amendment No. 8 to Registration
Statement No.333-36047 and 811-8363 filed with the SEC on February 1, 1999.
Statement of Additional Information for Evergreen Select Strategic Value
Fund, Evergreen Select Diversified Value Fund, Evergreen Select Large Cap Blend
Fund, Evergreen Select Core Equity Fund (formerly Evergreen Select Common Stock
Fund), Evergreen Select Strategic Growth Fund, Evergreen Select Equity Income
Fund, Evergreen Select Small Company Value Fund, Evergreen Select Social
Principles Fund, Evergreen Select Balanced Fund, Evergreen Select Equity Index
Fund, Evergreen Select Special Equity Fund and Evergreen Select Small Cap Growth
Fund is contained in Post-Effective Amendment No.6 to Registration Statement
No.333-36047 and 811-8363 filed with the SEC on October 30, 1998.
PART C
Exhibits
Number of Security Holders
Indemnification
Business and Other Connections
of Investment Advisors
Principal Underwriter
Location of Accounts and Records
Signatures
<PAGE>
EVERGREEN SELECT EQUITY TRUST
CROSS REFERENCE SHEET
Pursuant to Rule 481(a) under the Securities Act of 1993
ITEM OF PART A OF FORM N-1A LOCATION IN THE PROSPECTUS
Item 1. Cover Page Cover Page
Item 2. Synopsis and Fee Table Cover Page; Expenses
Item 3. Condensed Financial Information Financial Highlights
Item 4. General Description of Registrant Cover Page; Fund Descriptions
Item 5. Management of the Fund Fund Descriptions
Item 6. Capital Stock and Other Securities Fund Descriptions; Buying and
Selling Shares
Item 7. Purchase of Securities Being Offered Buying and Selling Shares
Item 8. Redemption or Repurchase Buying and Selling Shares
Item 9. Pending Legal Proceedings Not Applicable
LOCATION IN STATEMENT OF
ITEM IN PART B OF FORM N-1A ADDITIONAL INFORMATION
Item 10. Cover Page Cover Page
Item 11. Table of Contents Table of Contents
Item 12. General Information and History Trust Organization
Item 13. Investment Objectives and Policies Investment Policies
Item 14. Management of the Fund Investment Advisory and Other
Services; Management of the
Trust
Item 15. Control Persons and Principal Principal Holders of
Holders of Securities Fund Shares
Item 16. Investment Advisory and Other Services Investment Advisory and Other
Services
Item 17. Brokerage Allocation Brokerage
Item 18. Capital Stock and Other Securities Trust Organization
Item 19. Purchase, Redemption and Pricing of Purchase, Redemption and
Shares Pricing of Fund Shares
Item 20. Tax Status Additional Tax Information
Item 21. Underwriters Principal Underwriter
Item 22. Calculation of Performance Data Financial Highlights
Item 23. Financial Statements Financial Highlights
PART C
Information required to be included in Part C is set forth under the
appropriate item, so numbered, in Part C to this Registration Statement.
<PAGE>
EVERGREEN SELECT EQUITY TRUST
PART A
PROSPECTUS
<PAGE>
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PROSPECTUS
April 30, 1999
- -------------------------------------------------------------------------------
Evergreen Select Equity Trust
- -------------------------------------------------------------------------------
Evergreen Select Equity Index Fund
(the "Fund")
CLASS A SHARES
CLASS B SHARES
CLASS C SHARES
This prospectus explains important information about the Class A, Class B
and Class C shares of Evergreen Select Equity Index Fund, including
information on how the Fund invests and services available to shareholders.
Please read this prospectus before investing, and keep it for future
reference.
When you consider investing in the Fund, remember that the higher the
risk of losing money, the higher the potential reward. The reverse is also
generally true: the lower the risk, the lower the potential reward.
By itself, no Fund is a complete investment plan. When considering an
investment in the Fund, remember to consider your overall investment
objectives and any other investments you own. You should also carefully
evaluate your ability to handle the risks posed by your investment in the
Fund. You can find information on the risks associated with investing in the
Fund under the section called "Fund Description."
To learn more about the Evergreen Select Equity Trust, call 1-800-343-
2898 for a free copy of the Fund's statement of additional information ("SAI")
dated November 1, 1998, as supplemented from time to time. The Fund has filed
the SAI with the Securities and Exchange Commission ("SEC") and has
incorporated it by reference (legally included it) into this prospectus.
Please remember that shares of the Fund are:
. Not deposits or obligations of any bank.
. Not endorsed or guaranteed by any bank.
. Not insured or otherwise protected by the Federal Deposit Insurance
Corporation or any other agency.
. Subject to investment risks, including possible loss of the principal
amount.
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION PASSED UPON
THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE
CONTRARY IS A CRIMINAL OFFENSE.
Keep This Prospectus For Future Reference.
EVERGREENSM is a Service Mark of Evergreen Asset Management Corp.
Copyright 1995, Evergreen Asset Management Corp.
<PAGE>
TABLE OF CONTENTS
<TABLE>
<S> <C>
EXPENSES................................ 3
FUND DESCRIPTION........................ 4
Investment Objective................. 4
Securities and Investment Practices.. 4
BUYING AND SELLING SHARES............... 7
How to Buy Shares.................... 7
How to Redeem Shares................. 10
Exchanges............................ 11
Shareholder Services................. 12
</TABLE>
<TABLE>
<S> <C>
Dividends and Distributions.................. 13
Taxes........................................ 13
FUND DETAILS.................................... 13
Fund Organization and Service
Providers................................... 13
Distribution Plans and Agreements............ 15
Other Information and Policies............... 15
Fund Performance............................. 16
</TABLE>
2
<PAGE>
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EXPENSES
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The tables and examples below are designed to help you understand the
various expenses that you will bear, directly or indirectly, when you invest
in the Fund. Shareholder transaction expenses are fees paid directly from your
account when you buy or sell shares of the Fund.
Shareholder Transaction Expenses
<TABLE>
<CAPTION>
Class A Shares Class B Shares Class C Shares
-------------- -------------- --------------
<S> <C> <C> <C>
Maximum Sales Charge Imposed on
Purchases (as a % of offering
price) 4.75% None None
Contingent Deferred Sales
Charge (as a % of original
purchase price or redemption
proceeds, whichever is lower) None(1) 5.00%(2)(3) 1%(2)
</TABLE>
- -------
(1) Investments of $1 million or more are not subject to a front-end sales
charge, but may be subject to a contingent deferred sales charge upon
redemption within one year after the month of purchase.
(2) The deferred sales charge on Class B shares declines from 5% to 1% on
amounts redeemed within six years after the month of purchase. The
deferred sales charge on Class C shares is 1% on amounts redeemed within
one year after the month of purchase. No sales charge is imposed on
redemptions made thereafter. See "Purchase and Redemption of Shares" for
more information.
(3) Long-term shareholders may pay more than the economic equivalent front-end
sales charges permitted by the National Association of Securities Dealers,
Inc.
Annual operating expenses reflect the normal operating expenses of the
Fund, and include costs such as management, distribution and other fees. The
tables below show the Fund's estimated annual operating expenses for the
fiscal year ending June 30, 1999. The example shows what your costs would be
for a hypothetical $1,000 investment over the periods indicated. The example
assumes that you reinvest all of your dividends and that the Fund's average
annual return will be 5%. The example is for illustration purposes only and
should not be considered a representation of past or future expenses or annual
return. The Fund's actual expenses and returns will vary. For a more complete
description of the various costs and expenses borne by the Fund see
"Organization and Service Providers."
<TABLE>
<CAPTION>
Annual Operating Expenses
- -------------------------
Class A Class B Class C
------- ------- -------
<S> <C> <C> <C>
Management Fees
(after
waiver)(4) 0.12% 0.12% 0.12%
12b-1 Fees(5) 0.25% 1.00% 1.00%
Other Expenses 0.18% 0.18% 0.18%
---- ---- ----
Total 0.55% 1.30% 1.30%
==== ==== ====
</TABLE>
<TABLE>
<CAPTION>
Examples
--------
Assuming Redemption at Assuming No
End of Period Redemption
----------------------- ---------------
Class A Class B Class C Class B Class C
------- ------- ------- ------- -------
<S> <C> <C> <C> <C> <C> <C>
After 1 Year $53 $63 $23 $13 $13
After 3 Years $64 $71 $41 $41 $41
</TABLE>
- -------
(4) The investment advisor of the Fund has voluntarily agreed to waive a
portion of the Fund's investment advisory fee. Without such waiver, the
management fee set forth above would be higher. The investment advisor
currently intends to continue this expense waiver indefinitely; however,
the advisor may modify or cancel its expense waiver at any time. See "Fund
Details" for more information.
(5) Although Class A shares can pay up to 0.75% of average net assets as a
12b-1 fee, for the foreseeable future such fees have been limited to 0.25%
of average net assets. For Class B and Class C shares, a portion of the
12b-1 fees equivalent to 0.25% of average annual assets will be
shareholder servicing-related. Distribution-related 12b-1 fees will be
limited to 0.75% of average annual assets as permitted under the rules of
the National Association of Securities Dealers, Inc. ("NASD").
Absent expense waivers the Total Operating Expenses for the Fund would be
as follows:
<TABLE>
<CAPTION>
Management Fee Total Fund
(Without Waivers) 12b-1 Fees Other Expense Operating Expenses
----------------- ---------- ------------- ------------------
<S> <C> <C> <C> <C>
Class A Shares 0.40% 0.25% 0.18% 0.83%
Class B Shares 0.40% 1.00% 0.18% 1.58%
Class C Shares 0.40% 1.00% 0.18% 1.58%
</TABLE>
3
<PAGE>
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FUND DESCRIPTION
- -------------------------------------------------------------------------------
INVESTMENT OBJECTIVE
The Fund's investment objective is nonfundamental. As a result, the Fund
may change its objective without a shareholder vote. The Fund has also adopted
certain fundamental investment policies which are mainly designed to limit the
Fund's exposure to risk. The Fund's fundamental policies cannot be changed
without a shareholder vote. See the SAI for more information regarding the
Fund's fundamental investment policies or other related investment policies.
The Fund seeks investment results that achieve price and yield
performance similar to the Standard & Poor's Corporation 500 Index ("S&P 500
Index"). The Fund invests primarily in stocks represented in the S&P 500
Index.
SECURITIES AND INVESTMENT PRACTICES
You can find more information about the types of securities in which the
Fund may invest, the types of investment techniques the Fund may employ in
pursuit of its objective and a summary of related risks set forth below. The
Fund's SAI contains additional information about these investments and
investment techniques.
Equity Securities. The Fund invests primarily in common stocks. A common stock
represents an equity (ownership) interest in a corporation. The Fund expects
to profit from stocks primarily by (1) selling shares at a higher price than
it paid and (2) earning dividends.
The Fund invests at least 90% of its total assets in equity securities
that represent a composite of the S&P 500 Index. The S&P 500 Index consists of
500 common stocks, most of which are listed on the New York Stock Exchange. In
choosing the 500 stocks which are included in the S&P 500 Index, S&P considers
market values and industry diversification. The correlation between the
performance of the Fund and the S&P 500 Index is expected to be, before
expenses, 0.98 or higher. A correlation of 1.00 would indicate perfect
correlation.
The Fund's investment portfolio will generally consist of common stocks
of as many issuers listed in the S&P 500 Index as is feasible. The Fund's
investment advisor uses a computer model that closely monitors the industry
weightings of the S&P 500 Index. Although the Fund's investment advisor does
not screen securities by traditional methods of financial and market analyses,
it monitors the Fund's investments with a view toward removing stocks of
companies which exhibit extreme financial distress or which may impair the
Fund's ability to achieve its investment objective. The Fund strives to
provide a total return comparable to the S&P 500 Index. The Fund is not
sponsored by nor affiliated with S&P.
Investments in stocks are subject to market risk, which is the
possibility that stock prices in general will decline over short or even
extended periods. Stock markets tend to move in cycles, with periods of rising
stock prices and periods of falling stock prices.
Foreign Investments. The Fund may invest up to 10% of its assets in foreign
securities, including securities issued by foreign branches of U.S. banks and
foreign banks, Canadian commercial paper and Europaper (U.S. dollar-
denominated commercial paper of foreign issuers), American Depositary
Receipts, European Depositary Receipts and Global Depositary Receipts.
There are special risks associated with international investing:
. Currency Risk--The possibility that changes in foreign exchange
rates will affect, favorably or unfavorably, the value of foreign
securities.
. Volatility--Investments in foreign stock markets can be more
volatile than investments in U.S. markets. Diplomatic, political or
economic developments could affect investment in foreign countries.
4
<PAGE>
. Expense Considerations--Fixed commissions on many foreign stock
exchanges are generally higher than negotiated commissions on U.S.
exchanges. Expenses for custodial arrangements of foreign securities
may be somewhat greater than typical expenses for custodial
arrangements for handling U.S. securities of equal value.
. Foreign Taxes--Certain foreign governments levy withholding taxes
against dividend and interest income. Although in some countries a
portion of these taxes are recoverable, the non-recovered portion of
foreign withholding taxes will reduce the income received from the
securities comprising the portfolio.
. Regulatory Environment--Foreign companies generally are not subject
to uniform accounting, auditing and financial reporting standards
comparable to those applicable to U.S. domestic companies. There is
generally less government regulation of securities exchanges,
brokers and listed companies abroad than in the U.S. Foreign
branches of U.S. banks, foreign banks and foreign issuers may be
subject to less stringent reserve requirements and to different
accounting, auditing, reporting and record keeping standards than
those applicable to domestic branches of U.S. banks and U.S.
domestic issuers.
United States ("U.S.") Government Securities. U.S. government securities are
debt securities that are issued or guaranteed by the U.S. Treasury or by an
agency or instrumentality of the U.S. government. Some U.S. government
securities, such as Treasury bills, notes and bonds, are supported by the full
faith and credit of the U.S. Others, however, are supported only by the credit
of the instrumentality or by the right of the instrumentality to borrow from
the U.S. government.
While U.S. government securities are guaranteed as to principal and
interest, their market value is not guaranteed. Generally, U.S. government
securities are subject to the same interest rate and credit risks as other
fixed-income securities. However, since U.S. government securities are of the
highest credit quality, the credit risk is minimal. The U.S. government does
not guarantee the net asset value of the Fund's shares.
Derivatives. Derivatives are financial contracts whose value is based on an
underlying asset, such as a stock or a bond, or an underlying economic factor,
such as an index or an interest rate. The Fund may purchase put and call
options, write covered put and call options, enter into futures contracts and
use options on futures contracts. The Fund may use futures and options for
hedging purposes only, not for speculation.
Losses from derivatives can sometimes be substantial. This is true partly
because small price movements in the underlying asset can result in immediate
and substantial gains or losses in the value of the derivative. Derivatives
can also cause the Fund to lose money if the Fund fails to correctly predict
the direction in which the underlying asset or economic factor will move. See
"Futures Transactions and Related Options Transactions" in the SAI.
Futures Contracts and Options Transactions. The Fund may buy and sell futures
and options on futures relating to, (i) individual securities; and (ii)
indices. The Fund may also buy and sell futures and options on futures
relating to foreign currencies. Such transactions may be entered into in order
to hedge against declines in markets and to gain exposure to markets prior to
buying individual securities. Futures contracts provide for the future sale by
one party and purchase by another party of a specified amount of a specified
security at a specified future time and at a specified price.
An option on a futures contract gives the purchaser the right, in
exchange for a premium, to assume a position in a futures contract at a
specified exercise price during the term of the option. A put option on a
security gives the purchaser of the option the right to sell, and the writer
of the option the obligation to buy, the underlying security at any time
during the option period. A call option on a security gives the purchaser of
the option the right to buy, and the writer of the option the obligation to
sell the underlying security at any time during the option period.
These transactions are used to maintain cash reserves while remaining
fully invested, facilitate trading, reduce transaction costs or seek higher
investment returns when the contract is priced more attractively than the
underlying equity security or index.
5
<PAGE>
The Fund may not use futures contracts or options transactions to
leverage its net assets for speculative purposes. See "Futures Transactions
and Related Options Transactions" in the SAI.
Borrowing. The Fund may borrow from banks in an amount up to 33 1/3% of its
total assets, taken at market value. The Fund may also borrow an additional 5%
of its total assets from banks and others. The Fund may only borrow as a
temporary measure for extraordinary or emergency purposes such as the
redemption of Fund shares. The Fund may purchase additional securities so long
as borrowings do not exceed 5% of its total assets.
Securities Lending. To generate income and offset expenses, the Fund may lend
portfolio securities to broker-dealers and other financial institutions. Loans
of securities by the Fund may not exceed 33 1/3% of the value of the Fund's
total assets. While securities are on loan, the borrower will pay the Fund any
income accruing on the security. Also, the Fund may invest any collateral it
receives in additional securities.
Gains or losses in the market value of a lent security will affect the
Fund and its shareholders. When the Fund lends its securities, it runs the
risk that it could not retrieve the securities on a timely basis, possibly
losing the opportunity to sell the securities at a desirable price. Also, if
the borrower files for bankruptcy or becomes insolvent, the Fund's ability to
dispose of the securities may be delayed.
Repurchase Agreements. The Fund may enter into repurchase agreements. A
repurchase agreement is an agreement by the Fund to purchase a security and
sell it back for a specified price. The repurchase price reflects an agreed-
upon interest rate for the time period of the agreement. The Fund's risk is
the inability of the seller to pay the agreed-upon price at delivery date.
However, such risk is tempered by the ability of the Fund to sell the security
in the open market in case of default. In such a case, the Fund may incur
costs in disposing of the security which would increase Fund expenses. The
Fund's investment advisor will monitor the creditworthiness of the firms with
which the Fund enters into repurchase agreements.
Reverse Repurchase Agreements. The Fund may enter into reverse repurchase
agreements. A reverse repurchase agreement is an agreement by the Fund to sell
a security and repurchase it at a specified time and price. The Fund could
lose money if the market value of the securities it sold declines below their
repurchase price. Reverse repurchase agreements may be considered a form of
borrowing, and, therefore, a form of leverage. Leverage may magnify gains or
losses of the Fund.
Investing in Securities of Other Investment Companies. The Fund may invest in
securities of other investment companies. As a shareholder of another
investment company, the Fund would pay its portion of the other investment
company's expenses. These expenses would be in addition to the expenses that
the Fund currently bears concerning its own operations and may result in some
duplication of fees.
When-Issued, Delayed-Delivery and Forward Commitment Transactions. The Fund
may enter into transactions whereby it commits to buying a security, but does
not pay for or take delivery of the security until some specified date in the
future. The value of these securities is subject to market fluctuation during
this period and no income accrues to the Fund until settlement. At the time of
settlement, a when-issued security may be valued at less than its purchase
price. When entering into these transactions, the Fund relies on the other
party to consummate the transaction; if the other party fails to do so, the
Fund may be disadvantaged. The Fund does not intend to purchase when-issued
securities for speculative purposes, but only in furtherance of its investment
objective.
Temporary Defensive Investments. The Fund may invest for temporary defensive
purposes up to 100% of its assets in short-term obligations. Such obligations
may include U.S. government securities, master demand notes, commercial paper
and notes, bank deposits and other financial institution obligations.
Other Investment Restrictions. The Fund has adopted additional investment
restrictions and guidelines that are set forth in the SAI.
6
<PAGE>
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BUYING AND SELLING SHARES
- -------------------------------------------------------------------------------
HOW TO BUY SHARES
You may purchase shares of the Fund through broker-dealers, banks or
other financial intermediaries, or directly through the Fund's distributor,
Evergreen Distributor, Inc. ("EDI"). In addition, you may purchase shares of
the Fund by mailing to the Fund, c/o Evergreen Service Company, P.O. Box 2121,
Boston, Massachusetts 02106-2121, a completed application and a check payable
to the Fund. You may also telephone 1-800-343-2898 to obtain the number of an
account to which you can wire or electronically transfer funds and then send
in a completed application. Subsequent investments in any amount may be made
by check, by wiring federal funds, by direct deposit or by an electronic funds
transfer.
The minimum initial investment is $1,000, which may be waived in certain
situations. There is no minimum amount for subsequent investments. Investments
of $25 or more are allowed under the Systematic Investment Plan. See the
application for more information. Only Class A, Class B and Class C shares are
offered through this prospectus (see "General Information" -- "Other Classes
of Shares").
Class A Shares -- Front-End Sales Charge Alternative. You may purchase Class A
shares of the Fund at net asset value ("NAV") plus an initial sales charge on
purchases under $1,000,000. You may purchase $1,000,000 or more of Class A
shares without a front-end sales charge; however, a contingent deferred sales
charge ("CDSC") equal to the lesser of 1% of the purchase price or the
redemption value will be imposed on shares redeemed during the month of
purchase and the 12-month period following the month of purchase. The schedule
of charges for Class A shares is as follows:
Initial Sales Charge
<TABLE>
<CAPTION>
As a % of the Net As a % of the Commission to Dealer/Agent
Amount of Purchase Amount Invested Offering Price as a % of Offering Price
- ------------------ ----------------- -------------- --------------------------
<S> <C> <C> <C>
Less than $ 50,000..... 4.99% 4.75% 4.25%
$ 50,000--$ 99,999...... 4.71% 4.50% 4.25%
$100,000--$249,999...... 3.90% 3.75% 3.25%
$250,000--$499,999...... 2.56% 2.50% 2.00%
$500,000--$999,999...... 2.04% 2.00% 1.75%
$1,000,000 or more...... None None 1.00% of the amount invested
up to $2,999,999; 0.50% of the amount
invested over $2,999,999, up to $4,999,999;
and 0.25% of the excess over $4,999,999
</TABLE>
No front-end sales charges are imposed on Class A shares purchased by (a)
institutional investors, which may include bank trust departments and
registered investment advisors; (b) investment advisors, consultants or
financial planners who place trades for their own accounts or the accounts of
their clients and who charge such clients a management, consulting, advisory
or other fee; (c) clients of investment advisors or financial planners who
place trades for their own accounts if the accounts are linked to the master
account of such investment advisors or financial planners on the books of the
broker-dealer through whom shares are purchased; (d) institutional clients of
broker-dealers, including retirement and deferred compensation plans and the
trusts used to fund these plans, which place trades through an omnibus account
maintained with the Fund by the broker-dealer; (e) shareholders of record on
October 12, 1990 in any series of Evergreen Investment Trust in existence on
that date, and the members of their immediate families; (f) current and
retired employees of First Union National Bank ("FUNB") and its affiliates,
EDI and any broker-dealer with whom EDI has entered into an agreement to sell
shares of the Fund, and members of the immediate families of such employees;
(g) and upon the initial purchase of an Evergreen fund by investors
reinvesting the proceeds from a redemption within the preceding 30 days of
shares of other mutual funds, provided such shares were initially purchased
with a front-end sales charge or subject to a contingent deferred sales charge
("CDSC"); and (h) all qualified plan customers holding Evergreen Class Y
shares in connection with a rollover into an individual retirement account.
Certain broker-dealers or other financial institutions may impose a fee on
transactions in shares of the Fund.
7
<PAGE>
Class A shares may also be purchased at NAV by a corporation or certain
other qualified retirement plan or a non-qualified deferred compensation plan,
or a Title I tax sheltered annuity or TSA plan sponsored by an organization
having 100 or more eligible employees, or a TSA plan sponsored by a public
education entity having 5,000 or more eligible employees.
In connection with sales made to plans of the type described in the
preceding sentence EDI will pay broker-dealers and others concessions at the
rate of 0.50% of the NAV of the shares purchased. These payments are subject
to reclaim in the event the shares are redeemed within 12 months after
purchase.
Certain employer-sponsored retirement or savings plans, including
eligible 401(k) plans, may purchase Class A shares at NAV provided that such
plans meet a certain required minimum number of eligible employees or required
amount of assets. Additional information concerning the waiver of sales
charges is set forth in the SAI.
When Class A shares are sold, EDI will normally retain a portion of the
applicable sales charge and pay the balance to the broker-dealer or other
financial intermediary through whom the sale was made. EDI may also pay fees
to banks from sales charges for services performed on behalf of the customers
of such banks in connection with the purchase of shares of the Fund. In
addition to compensation paid at the time of sale, entities whose clients have
purchased Class A shares may receive a service fee equal to 0.25% of the
average daily value on an annual basis of Class A shares held by their
clients. Certain purchases of Class A shares may qualify for reduced sales
charges in accordance with a Fund's Concurrent Purchases, Rights of
Accumulation, Letter of Intent, certain Retirement Plans and Reinstatement
Privilege. See "Sales Charge Waivers or Reductions" in the SAI for additional
information concerning these reduced sales charges.
Class B Shares -- Deferred Sales Charge Alternative. You may purchase Class B
shares of the Fund at NAV without an initial sales charge. However, you may
pay a CDSC if you redeem shares within six years after the month of purchase.
The amount of the CDSC (expressed as a percentage of the lesser of the current
NAV or original cost) will vary according to the number of years from the
month of purchase of Class B shares as set forth below.
<TABLE>
<CAPTION>
CDSC
Redemption Timing Imposed
- ----------------- -------
<S> <C>
Month of purchase and the first 12-month period following the month of
purchase............................................................. 5.00%
Second 12-month period following the month of purchase................ 4.00%
Third 12-month period following the month of purchase................. 3.00%
Fourth 12-month period following the month of purchase................ 3.00%
Fifth 12-month period following the month of purchase................. 2.00%
Sixth 12-month period following the month of purchase................. 1.00%
No CDSC is imposed on amounts redeemed thereafter.
</TABLE>
The CDSC is deducted from the amount of the redemption and is paid to
EDI. In the event the Fund acquires the assets of other mutual funds, the CDSC
may be paid by EDI to the distributors of the acquired funds. Class B shares
are subject to higher distribution and/or shareholder service fees than Class
A shares for a period of seven years after the month of purchase (after which
it is expected that they will convert to Class A shares without imposition of
a front-end sales charge). The higher fees mean a higher expense ratio, so
Class B shares pay correspondingly lower dividends and may have a lower NAV
than Class A shares. The Fund will not normally accept any purchase of Class B
shares in the amount of $250,000 or more.
At the end of the period ending seven years after the end of the calendar
month in which the shareholder's purchase order was accepted, Class B shares
will automatically convert to Class A shares and will no longer be subject to
a higher distribution services fee imposed on Class B shares. Such conversion
will be on the basis of the relative NAVs of the two classes, without the
imposition of any sales load, fee or other charge. The purpose of the
conversion feature is to reduce the distribution services fee paid by holders
of Class B shares that have been outstanding long enough for EDI to have been
compensated for the expenses associated with the sale of such shares. The CDSC
applicable to Class B shares will be waived on redemptions made by certain
employer-sponsored retirement or savings plans, including eligible 401(k)
plans. See "Sales Charge Waivers or Reductions" in the SAI for additional
information.
8
<PAGE>
Class C Shares. Class C shares are offered only through broker-dealers who
have special distribution agreements with EDI. You may purchase Class C shares
at net asset value without any initial sales charge and, therefore, the full
amount of your investment will be used to purchase Fund shares. However, you
will pay a 1.00% CDSC if you redeem shares during the month of purchase and
the 12-month period following the month of purchase. No CDSC is imposed on
amounts redeemed thereafter. Class C shares incur higher distribution and/or
shareholder service fees than Class A shares but, unlike Class B shares, do
not convert to any other class of shares of the Fund. The higher fees mean a
higher expense ratio, so Class C shares pay correspondingly lower dividends
and may have a lower net asset value than Class A shares. The Fund will not
normally accept any purchase of Class C shares in the amount of $500,000 or
more. No CDSC will be imposed on Class C shares purchased by institutional
investors and through employee benefit and savings plans eligible for the
exemption from front-end sales charges described under "Class A Shares--Front-
End Sales Charge Alternative" above. Broker-dealers and other financial
intermediaries whose clients have purchased Class C shares may receive a
service fee equal to 0.75% of the average daily net asset value of such shares
on an annual basis held by their clients more than one year from the date of
purchase. The payment of service fees will commence immediately with respect
to shares eligible for exemption from the CDSC normally applicable to Class C
shares.
Contingent Deferred Sales Charge. Certain shares with respect to which the
Fund did not pay a commission on issuance, including shares obtained from
dividend or distribution reinvestment, are not subject to a CDSC. Any CDSC
imposed upon the redemption of Class A, Class B or Class C shares is a
percentage of the lesser of (1) the NAV of the shares redeemed or (2) the NAV
at the time of purchase of such shares.
No CDSC is imposed on a redemption of shares of the Fund in the event of
(1) death or disability of the shareholder; (2) a lump-sum distribution from a
401(k) plan or other benefit plan qualified under the Employee Retirement
Income Security Act of 1974 ("ERISA"); (3) automatic withdrawals from ERISA
plans if the shareholder is at least 59 1/2 years old; (4) involuntary
redemptions of accounts having an aggregate NAV of less than $1,000; (5)
automatic withdrawals under the Systematic Withdrawal Plan of up to 1.00% per
month of the shareholder's initial account balance; (6) withdrawals consisting
of loan proceeds to a retirement plan participant; (7) financial hardship
withdrawals made by a retirement plan participant; or (8) withdrawals
consisting of returns of excess contributions or excess deferral amounts made
to a retirement plan participant.
The Fund may also sell Class A, Class B or Class C shares at NAV without
any initial sales charge or a CDSC to certain Directors, Trustees, officers
and employees of the Fund, FUNB, EDI and certain of their affiliates, and to
members of the immediate families of such persons, to registered
representatives of firms with dealer agreements with EDI, and to a bank or
trust company acting as a trustee for a single account.
See "Sales Charge Waivers or Reductions" in the SAI for additional
information.
How the Funds Value Their Shares. The NAV of each class of shares of the Fund
is calculated by dividing the value of the amount of the Fund's net assets
attributable to that class by the number of outstanding shares of that class.
Shares are valued each day the New York Stock Exchange ("NYSE") is open as of
the close of regular trading (currently 4:00 p.m. eastern time). The
securities in the Fund are valued at their current market value determined on
the basis of market quotations or, if such quotations are not readily
available, such other methods as the Trustees believe would accurately reflect
fair value. Non-dollar denominated securities will be valued as of the close
of the NYSE at the closing price of such securities in their principal trading
markets.
General. The decision as to which class of shares is more beneficial to you
depends on the amount of your investment and the length of time you will hold
it. If you are making a large investment, thus qualifying for a reduced sales
charge, you might consider Class A shares. If you are making a smaller
investment, you might consider Class B shares since 100% of your purchase is
invested immediately and since such shares will convert to Class A shares,
which incur lower ongoing distribution and/or shareholder service fees, after
seven years. If you are unsure of the time period of your investment, you
might consider Class C shares, if available through your broker-dealer, since
there are no initial sales charges and, although there is no conversion
feature, the CDSC applies only to redemptions made during the first year.
Consult your financial intermediary for further information. The compensation
received by broker-dealers and agents may differ depending on whether they
sell Class A, Class B or Class C shares. There is no size limit on purchases
of Class A shares.
9
<PAGE>
In addition to the discount or commission paid to broker-dealers, EDI may
from time to time pay to broker-dealers additional cash or other incentives
that are conditioned upon the sale of a specified minimum dollar amount of
shares of the Fund and/or other Evergreen funds. Such incentives will take the
form of payment for attendance at seminars, lunches, dinners, sporting events
or theater performances, or payment for travel, lodging and entertainment
incurred in connection with travel by persons associated with a broker-dealer
and their immediate family members to urban or resort locations within or
outside the U.S. Such a dealer may elect to receive cash incentives of
equivalent amount in lieu of such payments. EDI may also limit the
availability of such incentives to certain specified dealers. EDI from time to
time sponsors promotions involving First Union Brokerage Services, Inc., an
affiliate of the Fund's investment advisor, and select broker-dealers,
pursuant to which incentives are paid, including gift certificates and
payments in amounts up to 1% of the dollar amount of shares of the Fund sold.
Awards may also be made based on the opening of a minimum number of accounts.
Such promotions are not being made available to all broker-dealers. Certain
broker-dealers may also receive payments from EDI or the Fund's investment
advisor over and above the usual service fee or shareholder servicing payments
applicable to a given class of shares.
Additional Purchase Information. As a condition of this offering, if a
purchase is canceled due to nonpayment or because an investor's check does not
clear, the investor will be responsible for any loss the Fund or its
investment advisor incurs. If such investor is an existing shareholder, the
Fund may redeem shares from an investor's account to reimburse the Fund or its
investment advisor for any loss. In addition, such investor may be prohibited
or restricted from making further purchases in any of the Evergreen funds. The
Fund will not accept third party checks other than those payable directly to a
shareholder whose account has been in existence at least 30 days.
HOW TO REDEEM SHARES
You may redeem shares of the Fund by mail, telephone or other types of
telecommunication. Once a redemption request has been telephoned, mailed or
otherwise transmitted, it may not be changed or cancelled.
Mail Redemptions. You may redeem shares on each day that the NYSE is open by
mailing a written request to Evergreen Service Company (the "Service Company")
at the following address:
Evergreen Service Company
P.O. Box 2121
Boston, Massachusetts 02106-2121
The signatures on the written request must be properly guaranteed, as
described below.
How To Redeem By Telephone. You may redeem your shares by calling 1-800-343-
2898 between the hours of 8:00 a.m. and 6:00 p.m. (eastern time) on each
business day. You may also redeem shares by sending a facsimile to 617-210-
2711 or by other means of wire communication. You must state the Fund and
class from which you want to redeem, the number or dollar amount of shares you
want to redeem and your account number. The telephone redemption service is
not available to you automatically. You must elect to do so on your account
application.
If you are unable to reach the Fund or the Service Company by telephone,
you should redeem by mail.
The Service Company will wire your redemption proceeds to the commercial
bank account designated on the account application. If the Service Company
deems it appropriate, it may require additional documentation. Although at
present the Service Company pays the wire costs involved, it reserves the
right at any time to require the shareholder to pay such costs.
Redemption Value and Other Redemption Policies. When you sell shares, you
receive the NAV computed at the close of the NYSE on the day that the Fund
receives your request, if your request is received before 4:00 p.m. eastern
time. If the Fund receives your redemption request after 4:00 p.m. eastern
time, you will receive the next day's NAV. Generally, the Fund pays redemption
proceeds within seven days. The Fund may, at any time, change, suspend or
terminate any of the redemption methods described in this prospectus, except
redemptions by mail. For more information, see "How the Funds Calculate Their
NAV."
10
<PAGE>
The Fund may, at its discretion, pay your redemption proceeds with
securities instead of cash. However, the Fund is obligated to redeem shares
solely in cash, up to the lesser of $250,000 or 1% of the Fund's total net
assets during any 90 day period for any one shareholder. See the SAI for
further details.
Except as otherwise noted, neither the Fund, the Service Company nor EDI
assumes responsibility for the authenticity of any instructions received by
any of them from a shareholder by telephone. The Service Company will employ
reasonable procedures to confirm that instructions received over the telephone
or otherwise are genuine. Neither the Fund, the Service Company nor EDI will
be liable when following instructions received by telephone or otherwise that
the Service Company reasonably believes to be genuine.
Shareholders may only change information contained in their account
registration (such as the bank account designated to receive wire redemption
proceeds) by writing to the Service Company. Signatures on such written
instructions must be guaranteed, as described below.
Signature Guarantee. For your protection, signatures on stock powers, and
written orders or authorizations must have a signature guarantee. A signature
guarantee can be provided by a U.S. stock exchange member, a bank, or other
persons eligible to guarantee signatures under the Securities Exchange Act of
1934 and the Service Company's policies. The Service Company may waive this
requirement or may require additional documentation in certain cases.
EXCHANGES
How to Exchange Shares. You may exchange some or all of your shares for
shares of the same class in other Evergreen funds through your financial
intermediary by calling or writing to the Service Company, or by using the
Evergreen Express Line as described above. Once an exchange request has been
telephoned or mailed, it is irrevocable and may not be modified or canceled.
Exchanges will be made on the basis of the relative NAVs of the shares
exchanged next determined after an exchange request is received. An exchange
which represents an initial investment in another Evergreen fund is subject to
the minimum investment and suitability requirements of that fund.
Each of the Evergreen funds has different investment objectives and
policies. For more information, a prospectus of the fund into which an
exchange will be made should be read prior to the exchange. An exchange order
must comply with the requirement for a redemption or repurchase order and must
specify the dollar value or number of shares to be exchanged. An exchange is
treated for federal income tax purposes as a redemption and purchase of shares
and may result in the realization of a capital gain or loss. Shareholders are
limited to five exchanges per calendar year, with a maximum of three per
calendar quarter. This exchange privilege may be modified or discontinued at
any time by the Fund upon 60 days' notice to shareholders and is only
available in states in which shares of a fund being acquired may lawfully be
sold.
No CDSC will be imposed in the event shares are exchanged for shares of
the same class of other Evergreen funds. If you redeem shares, the CDSC
applicable to the shares of the Evergreen fund originally purchased for cash
is applied. Also, Class B shares will continue to age following an exchange
for the purpose of conversion to Class A shares and for the purpose of
determining the amount of the applicable CDSC.
Exchanges Through Your Financial Intermediary. The Fund must receive exchange
instructions from your financial intermediary before 4:00 p.m. (eastern time)
for you to receive that day's NAV. Your financial intermediary is responsible
for furnishing all necessary documentation to a Fund and may charge you for
this service.
Exchanges By Telephone And Mail. Exchange requests received by the Fund after
4:00 p.m. (eastern time) will be processed using the NAV determined at the
close of the next business day. During periods of drastic economic or market
changes, shareholders may experience difficulty in effecting telephone
exchanges. You should follow the procedures outlined below for exchanges by
mail if you are unable to reach the Service Company by telephone. If you wish
to use the telephone exchange service you should indicate this on the
application. As noted above, the Fund will employ reasonable procedures to
confirm that instructions for the redemption or exchange of shares
communicated by telephone are genuine. A telephone exchange may be refused by
the Fund or the Service Company if it is believed advisable to do so.
Procedures for exchanging Fund shares by telephone may be modified or
terminated at any time. Written requests for exchanges should follow the same
procedures outlined for written redemption requests in the section entitled
"How to Redeem Shares;" however, no signature guarantee is required.
11
<PAGE>
SHAREHOLDER SERVICES
The Fund offers the following shareholder services. For more information
about these services or your account, contact your financial intermediary, the
Service Company or call the toll-free number on the front page of this
prospectus. Some services are described in more detail in the application.
Systematic Investment Plan. Under a Systematic Investment Plan, you may invest
as little as $25 per month to purchase shares of the Fund with no minimum
initial investment required.
Telephone Investment Plan. You may make investments into an existing account
electronically in amounts of not less than $100 or more than $10,000 per
investment. Telephone investment requests received by 4:00 p.m. (eastern time)
will be credited to a shareholder's account the day the request is received.
Systematic Withdrawal Plan. When an account of $10,000 or more is opened or
when an existing account reaches that size, you may participate in a
Systematic Withdrawal Plan (the "Withdrawal Plan") by filling out the
appropriate part of the application. Under this Withdrawal Plan, you may
receive (or designate a third party to receive) a monthly or quarterly fixed-
withdrawal payment in a stated amount of at least $75, and as much as 1.0% per
month or 3.0% per quarter of the total NAV of fund shares in your account when
the Withdrawal Plan was opened. Fund shares will be redeemed as necessary to
meet withdrawal payments. All participants must elect to have their dividends
and capital gain distributions reinvested automatically. Any applicable CDSC
will be waived with respect to redemptions occurring under a Withdrawal Plan
during a calendar year to the extent that such redemptions do not exceed 12%
of (1) the initial value of the account plus (2) the value, at the time of
purchase, of any subsequent investments.
Investments Through Employee Benefit and Savings Plans. Certain qualified and
non-qualified employee benefit and savings plans may make shares of the Fund
and other Evergreen funds available to their participants. Investments made by
such employee benefit plans may be exempt from front-end sales charges if they
meet the criteria set forth under "Class A Shares -- Front End Sales Charge
Alternative." FUNB may provide compensation to organizations providing
administrative and recordkeeping services to plans which make shares of the
Evergreen funds available to their participants.
Automatic Reinvestment Plan. For the convenience of investors, all dividends
and distributions are automatically reinvested in full and fractional shares
of the Fund at the NAV per share at the close of business on the record date,
unless otherwise requested by a shareholder in writing. If the transfer agent
does not receive a written request for subsequent dividends and/or
distributions to be paid in cash at least three full business days prior to a
given record date, the dividends and/or distributions to be paid to a
shareholder will be reinvested.
Dollar Cost Averaging. Through dollar cost averaging you can invest a fixed
dollar amount each month or each quarter in any Evergreen fund. This results
in more shares being purchased when the selected fund's NAV is relatively low
and fewer shares being purchased when the fund's NAV is relatively high and
may result in a lower average cost per share than a less systematic investment
approach.
Prior to participating in dollar cost averaging, you must establish an
account in an Evergreen fund. You should designate on the application (1) the
dollar amount of each monthly or quarterly investment you wish to make and (2)
the fund in which the investment is to be made. Thereafter, on the first day
of the designated month, an amount equal to the specified monthly or quarterly
investment will automatically be redeemed from your initial account and
invested in shares of the designated fund.
Two Dimensional Investing. You may elect to have income and capital gains
distributions from any Evergreen fund shares you own automatically invested to
purchase the same class of shares of any other Evergreen fund. You may select
this service on your application and indicate the Evergreen fund(s) into which
distributions are to be invested.
Tax Sheltered Retirement Plans. The Funds have various retirement plans
available to eligible investors, including Individual Retirement Accounts
(IRAs); Rollover IRAs; Simplified Employee Pension Plans (SEPs); Salary
Incentive Match Plan for Employees (SIMPLEs); Tax Sheltered Annuity Plans;
403(b)(7) Plans; 401(k) Plans; Keogh Plans; Profit-Sharing Plans; Medical
Savings Accounts; Pension and Target Benefit and Money Purchase Plans. For
details, including fees and application forms, call toll-free 1-800-247-4075
or write to the Service Company.
12
<PAGE>
DIVIDENDS AND DISTRIBUTIONS
The Fund intends to distribute its investment company taxable income
monthly and net realized capital gains at least annually. Shareholders receive
Fund distributions in the form of additional shares of that class of shares
upon which the distribution is based or, at the shareholder's option, in cash.
Shareholders of the Fund who have not opted to receive cash prior to the
payable date for any dividend from net investment income or the record date
for any capital gains distribution will have the number of such shares
determined on the basis of the Fund's NAV per share computed at the end of
that day after adjustment for the distribution. NAV is used in computing the
number of shares in both capital gains and income distribution investments.
Because Class A shares bear most of the costs of distribution of such
shares through payment of a front-end sales charge, while Class B and Class C
shares bear such expenses through a higher annual distribution fee, expenses
attributable to Class B and Class C shares will generally be higher than those
of Class A shares, and income distributions paid by the Fund with respect to
Class A shares will generally be greater than those paid with respect to Class
B and Class C shares.
Account statements and/or checks, as appropriate, will be mailed within
seven days after the Fund pays a distribution. Unless the Fund receives
instructions to the contrary before the record or payable date, as the case
may be, it will assume that a shareholder wishes to receive that distribution
and future capital gains and income distributions in shares. Instructions
continue in effect until changed in writing. If a shareholder has elected to
receive dividends and/or capital gain distributions in cash and the postal or
other delivery service selected by the Service Company is unable to deliver
checks to the shareholder's address of record, such shareholder's distribution
option will automatically be converted to having all dividend and other
distributions reinvested in additional shares. No interest will accrue on
amounts represented by uncashed distributions or redemption checks.
TAXES
The Fund has qualified and intends to continue to qualify as a regulated
investment company (a "RIC") under Subchapter M of the Internal Revenue Code
of 1986, as amended (the "Code"). As long as the Fund qualifies as a RIC and
distributes substantially all of its net investment income and capital gains,
it will not pay federal income taxes on the earnings it distributes to
shareholders.
Distributions to shareholders, whether taken in cash or reinvested in
shares, are generally considered taxable for federal income tax purposes as
follows:
. Income distributions and net short-term capital gains distributions
are taxable as ordinary income.
. Long-term capital gains distributions are taxable as capital gains,
regardless of how long you have held your shares.
After each calendar year, the Service Company will mail you a statement
indicating which of that year's distributions you should treat as ordinary
income and which you should treat as capital gains. Distributions of income or
capital gains may also be subject to state and local taxes. You should always
consult your tax advisor for specific guidance as to the tax consequences of
your investment in the Fund.
- -------------------------------------------------------------------------------
FUND DETAILS
- -------------------------------------------------------------------------------
FUND ORGANIZATION AND SERVICE PROVIDERS
Fund Structure. The Fund is an investment pool, which invests shareholders'
money towards a specified goal. The Fund is a diversified series of an open-
end management investment company, called "Evergreen Select Equity Trust" (the
"Trust"). The Trust is a Delaware business trust organized on September 18,
1997.
13
<PAGE>
Board of Trustees. The Trust is supervised by a Board of Trustees that is
responsible for representing the interests of shareholders. The Trustees meet
periodically throughout the year to oversee the Fund's activities, reviewing,
among other things, its performance and its contractual arrangements with
various service providers.
Shareholder Rights. All shareholders have equal voting, liquidation and other
rights. Each share is entitled to one vote for each dollar of NAV applicable
to such share. Shareholders may exchange shares as described under
"Exchanges," but will have no other preference, conversion, exchange or
preemptive rights. When issued and paid for, shares will be fully paid and
nonassessable. Shares of the Fund are redeemable, transferable and freely
assignable as collateral. The Trust may establish additional classes or series
of shares.
The Fund does not hold annual shareholder meetings; the Fund may,
however, hold special meetings for such purposes as electing or removing
Trustees, changing fundamental policies and approving investment advisory
agreements or 12b-1 plans. In addition, the Fund is prepared to assist
shareholders in communicating with one another for the purpose of convening a
meeting to elect Trustees.
Advisor. The investment advisor to the Fund is Evergreen Investment Management
("EIM") (formerly known as the Capital Management Group), a division of First
Union National Bank ("FUNB"), which is a subsidiary of First Union Corporation
("First Union"). First Union is located at 301 South College Street, and EIM
at 201 South College Street, Charlotte, North Carolina 28288-0630. First Union
and its subsidiaries provide a broad range of financial services to
individuals and businesses throughout the U.S.
The Fund pays EIM annually a fee of 0.40% of the Fund's average net
assets for its services. However, EIM has voluntarily agreed to reduce its
advisory fee for the Fund, resulting in the net advisory fee of 0.12% of the
Fund's average net assets.
EIM currently intends to continue indefinitely waiving a portion of the
Fund's advisory fee. EIM may modify or cancel its expense waiver at any time.
Eric M. Teal has managed the 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.
Distributor. EDI is the Fund's distributor. EDI is located at 90 Park Avenue,
New York, New York 10016 and is a subsidiary of The BISYS Group, Inc. EDI
markets the Fund and distributes its shares through broker-dealers, financial
planners and other financial representatives. EDI is not affiliated with First
Union.
Transfer Agent and Dividend Disbursing Agent. The Service Company is the
Fund's transfer agent. The Service Company is a subsidiary of First Union and
is located at 200 Berkeley Street, Boston, MA 02116-5034. The Service Company
handles shareholder services, including record keeping and account statements,
distribution of dividends and capital gains and processing of transactions.
Administrator. Evergreen Investment Services, Inc. ("EIS") serves as
administrator to the Fund. EIS is located at 200 Berkeley Street, Boston,
Massachusetts 02116-5034. As administrator, and subject to the supervision and
control of the Trust's Board of Trustees, EIS provides the Fund with
facilities, equipment and personnel. For its services as administrator, EIS is
entitled to receive a fee based on the aggregate average daily net assets of
the Fund at a rate based on the total assets of all mutual funds administered
by EIS for which any affiliate of FUNB serves as investment advisor. The
administration fee is calculated in accordance with the following schedule:
<TABLE>
<CAPTION>
Aggregate Average Daily Net Assets Of Mutual Funds For Which Any
Administrative Fee Affiliate Of FUNB Serves As Investment Advisor
- ------------------ ----------------------------------------------------------------
<S> <C>
0.050% on the first $7 billion
0.035% on the next $3 billion
0.030% on the next $5 billion
0.020% on the next $10 billion
0.015% on the next $5 billion
0.010% on assets in excess of $30 billion
</TABLE>
Custodian. State Street Bank and Trust Company ("State Street"), P.O. Box
9021, Boston, Massachusetts 02205-9827, acts as the Funds' custodian.
14
<PAGE>
DISTRIBUTION PLANS AND AGREEMENTS
Distribution Plans. The Fund's Class A, Class B and Class C shares pay for the
expenses associated with the distribution of such shares according to a
distribution plan that it has adopted pursuant to Rule 12b-1 under the 1940
Act (each a "Plan," or collectively, the "Plans"). Under the Plans, the Fund
may incur distribution-related and shareholder servicing-related expenses
which are based upon a maximum annual rate as a percentage of the Fund's
average daily net assets attributable to the class as follows:
Class A Shares 0.75% (currently limited to 0.25%)
Class B Shares 1.00%
Class C Shares 1.00%
Of the amount that each class may pay under its respective Plan, up to
0.25% may constitute a service fee to be used to compensate organizations,
which may include the Fund's investment advisor or its affiliates, for
personal services rendered to shareholders and/or the maintenance of
shareholder accounts. The Fund may not pay any distribution or service fees
during any fiscal period in excess of the amounts set forth above. Amounts
paid under the Plans are used to compensate the Fund's distributor pursuant to
the distribution agreements entered into by the Fund.
Distribution Agreements. The Fund has also entered into a distribution
agreement (each, a "Distribution Agreement" or collectively the "Distribution
Agreements") with EDI. Pursuant to the Distribution Agreements, the Fund will
compensate EDI for its services as distributor based upon the maximum annual
rate as a percentage of the Fund's average daily net assets attributable to
the class as follows:
Class A Shares 0.25%
Class B Shares 1.00%
Class C Shares 1.00%
The Distribution Agreements provide that EDI will use the distribution
fee received from a Fund for payments (i) to compensate broker-dealers or
other persons for distributing shares of a Fund, including interest and
principal payments made in respect of amounts paid to broker-dealers or other
persons that have been financed (EDI may assign its rights to receive
compensation under the Distribution Agreements to secure such financings),
(ii) to otherwise promote the sale of shares of a Fund, and (iii) to
compensate broker-dealers, depository institutions and other financial
intermediaries for providing administrative, accounting and other services
with respect to the Fund's shareholders. FUNB or its affiliates may finance
the payments made by EDI to compensate broker-dealers or other persons for
distributing shares of a Fund.
In the event the Fund acquires the assets of other mutual funds,
compensation paid to EDI under the Distribution Agreements may be paid by EDI
to the distributors of the acquired funds or their predecessors.
Since EDI's compensation under the Distribution Agreements is not
directly tied to the expenses incurred by EDI, the amount of compensation
received by EDI under the Distribution Agreements during any year may be more
or less than its actual expenses and may result in a profit to EDI.
Distribution expenses incurred by EDI in one fiscal year that exceed the level
of compensation paid to EDI for that year may be paid from distribution fees
received from the Fund in subsequent fiscal years.
OTHER INFORMATION AND POLICIES
Banking Laws. The Glass-Steagall Act and other banking laws and regulations
presently prohibit member banks of the Federal Reserve System ("Member Banks")
or their non-bank affiliates from sponsoring, organizing, controlling or
distributing the shares of registered open-end investment companies such as
the Fund. Such laws and regulations also prohibit banks from issuing,
underwriting or distributing securities in general. However, under the Glass-
Steagall Act and such other laws and regulations, a Member Bank or an
affiliate thereof may act as investment advisor, transfer agent or custodian
to a registered open-end investment company and may also act as agent in
connection with the purchase of shares of such an investment company upon the
order of its customer. FUNB and its affiliates are subject to and in
compliance with the aforementioned laws and regulations.
15
<PAGE>
Changes to applicable laws and regulations or future judicial or
administrative decisions could result in FUNB and its affiliates being
prevented from continuing to perform the services required under the
investment advisory agreement or from acting as agent in connection with the
purchase of shares of the Fund by its customers. If FUNB and its affiliates
were prevented from continuing to provide the services called for under the
investment advisory agreement, it is expected that the Trustees would
identify, and call upon the Fund's shareholders to approve, a new investment
advisor. If this were to occur, it is not anticipated that the shareholders of
the Fund would suffer any adverse financial consequences.
Securities Transactions. Under policies established by the Trust's Board of
Trustees, the Fund's investment advisor selects broker-dealers to execute
portfolio transactions subject to the receipt of best execution. In so doing,
the Fund's investment advisor may select broker-dealers who are affiliated
with the advisor. Moreover, the Fund may pay higher commissions to broker-
dealers that provide research services, which the advisor may use in advising
the Fund or its other clients.
Portfolio Turnover. The estimated portfolio turnover rate for the Fund is not
expected to exceed 100%.
Code of Ethics. The Fund and its investment advisor have adopted a code of
ethics incorporating policies on personal securities trading. In general,
these codes of ethics require that certain personnel of the Fund and its
investment advisor (1) abstain from engaging in certain personal trading
practices and (2) report certain personal trading activities.
Other Classes of Shares. The Fund offers five classes of shares: Class A,
Class B, Class C, Institutional and Institutional Service. Only Class A, Class
B and Class C shares are offered through this prospectus. Call the Service
Company at 1-800-343-2898 for information on the other classes of shares,
including how to get a prospectus.
Year 2000 Risks. Like other investment companies, financial and business
organizations and individuals around the world, the Fund could be adversely
affected if the computer systems used by the Fund's investment advisor and the
Fund's other service providers do not properly process and calculate date-
related information and data from and after January 1, 2000. This is commonly
known as the "Year 2000 Problem." The Fund's investment advisor is taking
steps to address the Year 2000 Problem with respect to the computer systems
that it uses and to obtain assurances that comparable steps are being taken by
the Fund's other major service providers. At this time, however, there can be
no assurance that these steps will be sufficient to avoid any adverse impact
on the Fund.
FUND PERFORMANCE
Total Return. Total return is the change in value of an investment in the Fund
over a given period, assuming that dividends and capital gains are reinvested
and that recurring charges are deducted. A cumulative total return reflects
actual performance over a stated period of time. An average annual total
return is a hypothetical rate of return that, if achieved annually, would have
produced the same cumulative total return if performance had been constant
over the entire period. Average annual total returns smooth out variations in
performance; they are not the same as actual year-by-year results.
Yield. Yield is the income generated by an investment in the Fund over a given
period of time, expressed as an annual percentage rate. Yields are calculated
according to a standard that is required for all stock and bond funds. Because
this differs from other accounting methods, the quoted yield may not equal the
income actually paid to shareholders.
General. The Fund may include comparative performance information in
advertising or in marketing its shares. Such information could include data
from Lipper Analytical Services, Inc., Morningstar, Inc., CDA Weisenberger and
Value Line, or other industry publications or various indexes such as the S&P
500 Index.
For more information on the Fund's performance, see the SAI.
16
<PAGE>
Related Performance Information. The following total return information is
provided with reference to Equity Index Fund, a portfolio of CoreFunds, Inc.,
a registered investment company managed by CoreStates Investment Advisors,
Inc. The Class A and Class B shares of Equity Index Fund were reorganized into
the Institutional Service Shares of Evergreen Select Equity Index Fund in July
1998. Equity Index Fund had an investment objective, policies and strategies
materially equivalent to those of Evergreen Select Equity Index Fund. Past
performance of the Equity Index Fund is no guarantee of the future performance
of Evergreen Select Equity Index Fund. The Equity Index Fund did not pay a
12b-1 fee and if it had, the performance would be lower. The performance
information set forth below is provided as of June 30, 1998.
<TABLE>
<CAPTION>
Period Class A Class B
------ ------- -------
<S> <C> <C>
One Year 29.17% N/A
Since inception 34.23% 22.75%
Inception date 10/9/96 11/7/97
</TABLE>
17
<PAGE>
Notes
18
<PAGE>
Investment Advisor
Evergreen Investment Management, 201 South College Street, Charlotte, North
Carolina 28288-0630
Custodian
State Street Bank and Trust Company, P.O. Box 9021, Boston, Massachusetts
02205-9827
Transfer Agent
Evergreen Service Company, 200 Berkeley Street, Boston, Massachusetts 02116-
5034
Legal Counsel
Sullivan & Worcester LLP, 1025 Connecticut Avenue, N.W., Washington, D.C. 20036
Independent Auditors
KPMG Peat Marwick LLP, 99 High Street, Boston, Massachusetts 02110
Distributor
Evergreen Distributor, Inc., 90 Park Avenue, New York, New York 10016
80342 546623 RV1
<PAGE>
PART B
AMENDMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
<PAGE>
AMENDMENT TO THE STATEMENT OF ADDITIONAL INFORMATION ("SAI")
OF
EVERGREEN SELECT STRATEGIC VALUE FUND
EVERGREEN SELECT DIVERSIFIED VALUE FUND
EVERGREEN SELECT LARGE CAP BLEND FUND
EVERGREEN SELECT CORE EQUITY FUND
(formerly Evergreen Select Common Stock Fund)
EVERGREEN SELECT STRATEGIC GROWTH FUND
EVERGREEN SELECT EQUITY INCOME FUND
EVERGREEN SELECT SMALL COMPANY VALUE FUND
EVERGREEN SELECT SOCIAL PRINCIPLES FUND
EVERGREEN SELECT BALANCED FUND
EVERGREEN SELECT EQUITY INDEX FUND
EVERGREEN SELECT SPECIAL EQUITY FUND
EVERGREEN SELECT SMALL CAP GROWTH FUND
(THE "FUNDS")
Effective April 30, 1999, the SAI of the Funds is amended to reflect that
Evergreen Select Equity Index Fund ("Equity Index" or the "Fund") offers Class C
shares.
In the section entitled "Purchase, Redemption and Pricing of Fund Shares,"
information which applies generally to both Class A shares and Class B shares of
Equity Index also applies to the Fund's Class C shares. After the individual
descriptions of the Fund's Class A shares and Class B shares, the following is
added:
Class C Shares
Class C shares are available only through broker-dealers who have
entered into special distribution agreements with the Distributor. The
Fund offers Class C shares at net asset value without an initial sales
charge. With certain exceptions, however, the Fund will charge a CDSC
of 1.00% on shares you redeem within 12-months after the month of your
purchase. See "Contingent Deferred Sales Charge" below.
In addition, in the section entitled "Distribution Plans and Agreements,"
information which applies generally to both Class A and Class B shares of Equity
Index also applies to the Fund's Class C shares.
April 30, 1999
5487969-SAI 5/99
<PAGE>
EVERGREEN SELECT EQUITY TRUST
PART C
OTHER INFORMATION
Item 24. Financial Statements and Exhibits
Item 24(a). Financial Statements
The financial statements listed below are included in Part A of this
Amendment to the Registration Statement.
Financial Highlights for:
<TABLE>
<CAPTION>
EVERGREEN SELECT STRATEGIC
<S> <C>
VALUE FUND - Institutional Shares For the period November 24, 1997 (commencement of class operations) through June 30, 1998.
EVERGREEN SELECT STRATEGIC VALUE
FUND - Institutional Service Shares For the period March 11, 1998 (commencement of class operations) through June 30, 1998.
EVERGREEN SELECT DIVERSIFIED
VALUE FUND - Institutional Shares For the period January 22, 1998 (commencement of class operations) through June 30, 1998.
EVERGREEN SELECT DIVERSIFIED VALUE
FUND - Institutional Service Shares For the period March 31, 1998 (commencement of class operations) through June 30, 1998.
EVERGREEN SELECT LARGE CAP BLEND
FUND - Institutional Shares For the period December 19, 1997 (commencement of class operations) through June 30, 1998.
EVERGREEN SELECT LARGE CAP BLEND
FUND - Institutional Service Shares For the period March 12, 1998 (commencement of class operations) through June 30, 1998.
EVERGREEN SELECT LARGE CAP BLEND
FUND - Charitable Shares For the period November 24, 1997 (commencement of class operations) through June 30, 1998.
EVERGREEN SELECT COMMON STOCK
FUND - Institutional Shares For the period November 24, 1997 (commencement of class operations) through June 30, 1998.
EVERGREEN SELECT COMMON STOCK
FUND - Institutional Service Shares For the period February 4, 1998 (commencement of class operations) through June 30, 1998.
EVERGREEN SELECT STRATEGIC GROWTH
FUND - Institutional Shares For the period November 24, 1997 (commencement of class operations) through June 30, 1998.
EVERGREEN SELECT STRATEGIC GROWTH
FUND - Institutional Service Shares For the period February 27, 1998 (commencement of class operations) through June 30, 1998.
EVERGREEN SELECT EQUITY INCOME
FUND - Institutional Shares For the period November 24, 1997 (commencement of class operations) through June 30, 1998.
EVERGREEN SELECT EQUITY INCOME
FUND - Institutional Service Shares For the period March 11, 1998 (commencement of class operations) through June 30, 1998.
EVERGREEN SELECT SMALL COMPANY
VALUE FUND - Institutional Shares For the period December 23, 1997 (commencement of class operations) through June 30, 1998.
EVERGREEN SELECT SOCIAL PRINCIPLES
FUND - Institutional Shares For the period November 24, 1997 (commencement of class operations) through June 30, 1998.
EVERGREEN SELECT SOCIAL PRINCIPLES
FUND - Institutional Service Shares For the period March 12, 1998 (commencement of class operations) through June 30, 1998.
EVERGREEN SELECT SOCIAL PRINCIPLES
FUND - Charitable Shares For the period November 24, 1997 (commencement of class operations) through June 30, 1998.
EVERGREEN SELECT BALANCED
FUND - Institutional Shares For the period January 22, 1998 (commencement of class operations) through June 30, 1998.
EVERGREEN SELECT BALANCED
FUND - Institutional Service Shares For the period April 9, 1998 (commencement of class operations) through June 30, 1998.
EVERGREEN SELECT SMALL CAP GROWTH
FUND - Institutional Shares For the four-month period ended June 30, 1998; for the year ended February 28, 1998; for
the eight-month period ended February 28, 1997; and for the period December 28, 1995
(commencement of class operations) through June 30, 1996.
EVERGREEN SELECT SPECIAL EQUITY
FUND - Institutional Shares For the two years ended June 30, 1998; for the seven-month period ended June 30, 1996; for
the year ended October 31, 1995; and for the period from March 15, 1994 (commencement of
operations) to October 31, 1994.
EVERGREEN SELECT SPECIAL EQUITY FUND
- Institutional Service Shares For the two years ended June 30, 1998; for the seven-month period ended June 30, 1996; for
the year ended October 31, 1995; and for the period from March 15, 1994 (commencement of
operations) to October 31, 1994.
EVERGREEN SELECT EQUITY INDEX
FUND - Institutional Shares For the seven years ended June 30, 1998; and for the period from June 1, 1991 (commencement
of operations) to June 30, 1991.
EVERGREEN SELECT EQUITY INDEX FUND
- Institutional Service Shares For the year ended June 30, 1998; and for the period from October 9, 1996 (commencement of
operations) to June 30, 1997.
</TABLE>
The financial statements listed below are incorporated by reference in
Part B of this Amendment to the Registration Statement:
Financial Highlights For the same share classes and
periods as included in Part A
Schedules of Investments As of June 30, 1998
Statements of Assets and As of June 30, 1998
Liabilities
Statements of Operations For the years or periods ended
June 30, 1998
Statements of Changes in For each of the years or periods
Net Assets ended in the two-year period
ended June 30, 1998
Combined Notes to Financial
Statements As of June 30, 1998
Independent Auditors' Report Dated July 31, 1998
Item 24(b). Exhibits
<TABLE>
<CAPTION>
Exhibit
Number Description Location
- ------- ----------- --------
<S> <C> <C>
1 Declaration of Trust Incorporated by reference to
Registrant's Pre-Effective Amendment No. 2
Filed on November 17, 1997
2 By-laws Incorporated by reference to
Registrant's Pre-Effective Amendment No. 2
Filed on November 17, 1997
3 Not applicable
4 Provisions of instruments defining the rights
of holders of the securities being registered
are contained in the Declaration of Trust
Articles II, V, VI, VIII, IX and By-laws
Articles II and VI included as part of Exhibits
1 and 2 of this Registration Statement
5(a) Investment Advisory Agreement between the Incorporated by reference to
Registrantand First Union National Bank Registrant's Post-Effective Amendment No. 4
Filed on June 30, 1998
5(b) Investment Advisory Agreement between the Incorporated by reference to
Registrant and Evergreen Asset Management Co. Registrant's Post-Effective Amendment No. 4
Filed on June 30, 1998
5(c) Investment Advisory Agreement between the Incorporated by reference to
Registrant and Evergreen Investment Management Registrant's Post-Effective Amendment No. 4
Company (formerly Keystone Investment Filed on June 30, 1998
Management Company)
5(d) Form of Investment Advisory Agreement between Incorporated by reference to
the Registrant and Meridian Investment Company Registrant's Post-Effective Amendment No. 4
Filed on June 30, 1998
6 Principal Underwriting Agreement between the Incorporated by reference to
Registrant and Evergreen Distributor, Inc. Registrant's Post-Effective Amendment No. 4
Filed on June 30, 1998
7 Form of Deferred Compensation Plan Incorporated by reference to
Registrant's Pre-Effective Amendment No. 2
Filed on November 17, 1997
8 Custodian Agreement between the Registrant Incorporated by reference to
and State Street Bank and Trust Company Registrant's Post-Effective Amendment No. 4
Filed on June 30, 1998
9(a) Administration Agreement between Evergreen Incorporated by reference to
Investment Services, Inc. and the Registrant Registrant's Post-Effective Amendment No. 4
Filed on June 30, 1998
9(b) Transfer Agent Agreement between the Incorporated by reference to
Registrant and Evergreen Service Company Registrant's Post-Effective Amendment No. 4
Filed on June 30, 1998
10 Opinion and Consent of Sullivan & Worcester LLP Incorporated by reference to Registrant's
Pre-Effective Amendment No. 2 filed on
November 17, 1997
11 Not applicable
12 Not applicable
13 Not applicable
14 Not applicable
15(a) 12b-1 Distribution Plan for the Institutional Incorporated by reference to
Service Shares Registrant's Post-Effective Amendment No. 4
Filed on June 30, 1998
15(b) Form of Distribution Plan of Class A shares Incorported by reference to Registrant's
(Evergreen Select Equity Index Fund) Post-Effective Amendment No. 6 filed on
October 30, 1998
15(c) Form of Distribution Plan for Class B shares Incorported by reference to Registrant's
(Evergreen Select Equity Index Fund) Post-Effective Amendment No.6 filed on
October 30, 1998
16 Fund Performance Information Contained herein
17 Financial Data Schedules Contained herein
18 Multiple Class Plan Contained herein
19 Powers of Attorney Incorporated by reference to
Registrant's Post-Effective Amendment No. 4
Filed on June 30, 1998
</TABLE>
Item 25. Persons Controlled by or Under Common Control with Registrant.
None
Item 26. Number of Holders of Securities (as of March 31, 1999)
Evergreen Select Strategic Value Fund
Institutional Shares 4
Institutional Service Shares 42
Evergreen Select Diversified Value Fund
Institutional Shares 5
Institutional Service Shares 3
Evergreen Select Large Cap Blend Fund
Institutional Shares 2
Institutional Service Shares 6
Charitable Shares 2
Evergreen Select Core Equity Fund
(formerly Evergreen Select Common Stock Fund)
Institutional Shares 4
Institutional Service Shares 336
Evergreen Select Strategic Growth Fund
Institutional Shares 41
Institutional Service Shares 684
Evergreen Select Equity Income Fund
Institutional Shares 4
Institutional Service Shares 25
Evergreen Select Small Company Value Fund
Institutional Shares 2
Institutional Service Shares 2
Evergreen Select Social Principles Fund
Institutional Shares 2
Institutional Service Shares 5
Charitable Shares 3
Evergreen Select Balanced Fund
Institutional Shares 2
Institutional Service Shares 3
Evergreen Select Equity Index Fund
Institutional Shares 1,193
Institutional Service Shares 1,635
Class A Shares 1,491
Class B Shares 4,677
Evergreen Select Special Equity Fund
Institutional Shares 5
Institutional Service Shares 522
Evergreen Select Small Cap Growth Fund
Institutional Shares 12
Institutional Service Shares 0
Evergreen Select Secular Growth Fund
Institutional Shares 3
Institutional Service Shares 1
Item 27. Indemnification.
Registrant has obtained from a major insurance carrier a trustees and
officers liability policy covering certain types of errors and ommissions.
Provisions for the indemnification of the Registrant's Trustees and
officers are contained in the Registrant's Declaration of Trust, incorporated by
reference to Registrant's Pre-Effective Amendment No. 1 filed on November 17,
1997.
Provisions for the indemnification of the Registrant's Investment Advisors
are contained in their respective Investment Advisory and Management Agreements.
Provisions for the indemnification of Evergreen Distributor, Inc., the
Registrant's principal underwriter, are contained in the Principal Underwriting
Agreement between Evergreen Distributor, Inc. and the Registrant.
Provisions for the indeminifcation of Evergreen Service Company, the
Registrant's transfer agent, are contained in the Master Transfer Agent and
Recordkeeping Agreement between Evergreen Service Company and the Registrant.
Provisions for the indemnification of State Street Bank and & Trust
Company, the Registrant's custodian, are contained in the Custodian Agreement
between State Street Bank and Trust Company and the Registrant.
Item 28. Business or Other Connections of Investment Advisors.
The Directors and principal executive officers of First Union National Bank
are:
Edward E. Crutchfield, Jr. Chairman and Chief Executive Officer,
First Union Corporation; Chief Executive
Officer and Chairman, First Union National
Bank
Anthony Terraciano President, First Union Corporation;
President, First Union National Bank
John R. Georgius Vice Chairman, First Union Corporation;
Vice Chairman, First Union National Bank
Marion A. Cowell, Jr. Executive Vice President, Secretary &
General Counsel, First Union Corporation;
Secretary and Executive Vice President,
First Union National Bank
Robert T. Atwood Executive Vice President and Chief Financial
Officer, First Union Corporation; Chief
Financial Officer and Executive Vice
President
All of the above persons are located at the following address: First Union
National Bank, One First Union Center, Charlotte, NC 28288.
The information required by this item with respect to Evergreen Asset
Management Corp. is incorporated by reference to the Form ADV (File No.
801-46522) of Evergreen Asset Management Corp.
The information required by this item with respect to Evergreen Investment
Management Company is incorporated by reference to the Form ADV (File No.
801-5436) of Evergreen Investment Management Company.
The information required by this item with respect to Meridian Investment
Company is incorporated by reference to the Form ADV (File No. 801-23484) of
Meridian Investment Company.
Item 29. Principal Underwriter.
Evergreen Distributor, Inc. acts as principal underwriter for each
registered investment company or series thereof that is a part of the Evergreen
"fund complex" as such term is defined in Item 22(a) of Schedule 14A under the
Securities Exchange Act of 1934.
The Directors and principal executive officers of Evergreen Distributor,
Inc. are:
Lynn C. Mangum Director, Chairman and Chief Executive
Officer
Dennis Sheehan Director, Chief Financial Officer
J. David Huber President
Kevin J. Dell Vice President, General Counsel and Secretary
All of the above persons are located at the following address: Evergreen
Distributor, Inc., 90 Park Avenue, New York, New York 10016.
The Registrant has not paid, directly or indirectly, any commissions or
other compensation to the Principal Underwriter in the last fiscal year.
Item 30. Location of Accounts and Records.
All accounts and records required to be maintained by Section 31(a) of the
Investment Company Act of 1940 and the Rules 31a-1 through 31a-3 promulgated
thereunder are maintained at one of the following locations:
Evergreen Investment Services, Inc., Evergreen Service Company and
Evergreen Investment Management Company, all located at 200 Berkeley Street,
Boston, Massachusetts 02110
First Union National Bank, One First Union Center, 301 S. College Street,
Charlotte, North Carolina 28288
Evergreen Asset Management Corp., 2500 Westchester Avenue, Purchase,
New York 10577
Iron Mountain, 3431 Sharp Slot Road, Swansea, Massachusetts 02777
State Street Bank and Trust Company, 2 Heritage Drive, North Quincy,
Massachusetts 02171
Meridian Investment Company, 55 Valley Stream Parkway, Malvern,
Pennsylvania 19355
Item 31. Management Services.
Not Applicable
Item 32. Undertakings.
The Registrant hereby undertakes to furnish each person to whom a
prospectus is delivered with a copy of the Registrant's latest annual
report to shareholders, upon request and without charge.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940 the Registrant has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereto duly
authorized, in the City of New York, and State of New York, on the 30th day of
April, 1999.
EVERGREEN SELECT EQUITY TRUST
By: /s/ William J. Tomko
-----------------------------
Name: William J. Tomko
Title: President
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities indicated on the 30th day of April 1999.
<TABLE>
<CAPTION>
<S> <C> <C>
/s/ William J. Tomko /s/ Laurence B. Ashkin /s/ Charles A. Austin, III
- ------------------------- ----------------------------- --------------------------------
William J. Tomko Laurence B. Ashkin* Charles A. Austin III*
President amd Treasurer (Principal Trustee Trustee
Financial and Accounting Officer)
/s/ K. Dun Gifford /s/ James S. Howell /s/ William Walt Pettit
- ---------------------------- ---------------------------- --------------------------------
K. Dun Gifford* James S. Howell* William Walt Pettit*
Trustee Chairman of the Board Trustee
and Trustee
/s/Gerald M. McDonnell /s/ Thomas L. McVerry /s/ Michael S. Scofield
- ------------------------------- ----------------------------- --------------------------------
Gerald M. McDonell* Thomas L. McVerry* Michael S. Scofield*
Trustee Trustee Trustee
/s/ David M. Richardson /s/ Russell A. Salton, III MD /s/ Leroy Keith, Jr.
- ------------------------------ ------------------------------- --------------------------------
David M. Richardson* Russell A. Salton, III MD* Leroy Keith, Jr.
Trustee Trustee Trustee
/s/ Richard J. Shima
- ------------------------------
Richard J. Shima*
Trustee
</TABLE>
*By: /s/ Maureen E. Towle
- -------------------------------
Maureen E. Towle
Attorney-in-Fact
*Maureen E. Towle, by signing her name hereto, does hereby sign this
document on behalf of each of the above-named individuals pursuant to powers of
attorney duly executed by such persons.
<PAGE>
INDEX TO EXHIBITS
Exhibit
Number Exhibit
- ------- -------
18 Multiple Class Plan
16 Fund Performance
17 Financial Data Schedules
<PAGE>
MULTIPLE CLASS PLAN
FOR THE
EVERGREEN FUNDS
As of March 12, 1998
Each Fund in the Evergreen group of mutual funds currently offers one or more of
the following nine classes of shares with the following class provisions and
current offering and exchange characteristics. Additional classes of shares
(such classes being shares having characteristics referred to in Rule 18f-3
under the Investment Company Act of 1940, as amended (the "1940 Act")), when
created, may have characteristics that differ from those described.
I. CLASSES
A. Class A Shares
1. Class A Shares have a distribution plan adopted pursuant to
Rule 12b-1 under the 1940 Act (a "12b-1 Distribution Plan") and/or a shareholder
services plan. The plans provide for annual payments of distribution and/or
shareholder service fees that are based on a percentage of average daily net
assets of Class A shares, as described in a Fund's current prospectus.
2. Class A Shares are offered with a front-end sales load,
except that purchases of Class A Shares made under certain circumstances are not
subject to the front-end load or may be subject to a contingent deferred sales
charge ("CDSC"), as described in a Fund's current prospectus.
3. Shareholders may exchange Class A Shares of a Fund for Class
A Shares of any other fund named in a Fund's prospectus.
B. Class B Shares
1. Class B Shares have adopted a 12b-1 Distribution Plan and/or
a shareholder services plan. The plans provide for annual payments of
distribution and/or shareholder services fees that are based on a percentage of
average daily net assets of Class B shares, as described in a Fund's current
prospectus.
2. Class B Shares are offered at net asset value without a
front-end sales load, but may be subject to a CDSC as described in a Fund's
current prospectus.
3. Class B Shares automatically convert to Class A Shares
without a sales load or exchange fee after designated periods.
4. Shareholders may exchange Class B Shares of a Fund for Class
B Shares of any other fund described in a Fund's prospectus.
C. Class C Shares
1. Class C Shares have adopted a 12b-1 Distribution Plan and/or
a shareholder services plan. The plans provide for annual payments of
distribution and/or shareholder services fees that are based on a percentage of
average daily net assets of Class C shares, as described in a Fund's current
prospectus.
2. Class C Shares are offered at net asset value without a
front-end sales load, but may be subject to a CDSC as described in a Fund's
current prospectus.
3. Shareholders may exchange Class C Shares of a Fund for Class
C Shares of any other fund named in a Fund's prospectus.
D. Class J Shares
1. Class J Shares have adopted a 12b-1 Distribution Plan and/or
a shareholder services plan. The plans provide for annual payments of
distribution and/or shareholder service fees that are based on a percentage of
average daily net assets of Class J shares, as described in a Fund's current
prospectus.
2. Class J Shares are offered with a front-end sales load,
except that purchases of Class J Shares made under certain circumstances are not
subject to the front-end load or may be subject to a CDSC, as described in a
Fund's current prospectus.
3. Shareholders may exchange Class J Shares of a Fund for Class
J Shares of any other fund named in a Fund's prospectus.
E. Class Y Shares
1. Class Y Shares have no distribution or shareholder services
plans.
2. Class Y Shares are offered at net asset value without a
front-end sales load or CDSC.
3. Shareholders may exchange Class Y Shares of a Fund for Class
Y Shares of any other fund described in a Fund's prospectus.
F. Institutional Service Shares
1. Institutional Service Shares have adopted a 12b-1
Distribution Plan and/or shareholder services plan. .The plans provide for
annual payments of distribution and/or shareholder services fees that are based
on a percentage of average daily net assets of Institutional Service Shares, as
described in a Fund's current prospectus.
2. Institutional Service Shares are offered at net asset value
without a front-end sales load or CDSC.
3. Shareholders may exchange Institutional Service Shares
of a Fund forInstitutional Service Shares of any other fund named in a Fund's
prospectus, to the extent they are offered by a Fund.
G. Institutional Shares
1. Institutional Shares have no distribution or shareholder services
plans.
2. Institutional Shares are offered at net asset value without a
front-end sales load or CDSC.
3. Shareholders may exchange Institutional Shares of a Fund for
Institutional Shares of any other fund described in a Fund's prospectus, to the
extent they are offered by a Fund.
H. Charitable Shares
1. Charitable Shares have no distribution or shareholder
services plans.
2. Charitable Shares are offered at net asset value without a
front-end sales load or CDSC.
3. Shareholders may exchange Charitable Shares of a Fund for
Charitable Shares of any other fund described in a Fund's prospectus, to the
extent they are offered by a Fund.
II. CLASS EXPENSES
Each class bears the expenses of its 12b-1 Distribution Plan and/or shareholder
services plan. Class J Shares shall also bear that portion of the Transfer
Agency fees and other expenses allowed by Rule 18f-3 that are attributable to
them due to distribution outside of the United States. There currently are no
other class specific expenses.
III. EXPENSE ALLOCATION METHOD
All income, realized and unrealized capital gains and losses and expenses not
assigned to a class will be allocated to each class based on the relative net
asset value of each class.
IV. VOTING RIGHTS
A. Each class will have exclusive voting rights on any matter
submitted to its shareholders that relates solely to its class
arrangement.
B. Each class will have separate voting rights on any matter
submitted to shareholders where the interests of one class
differ from the interests of any other class.
C. In all other respects, each class has the same rights and obligations as
each other class.
V. EXPENSE WAIVERS OR REIMBURSEMENTS
Any expense waivers or reimbursements will be in compliance with Rule
18f-3 issued under the 1940 Act.
SELECT BALANCED I
I
ACCOUNT I AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 1,077.57 0.00%
31-May-98 1 M 1,042.31 3.38% 3.38%
31-Mar-98 QTR 1,062.89 1.38% 1.38%
31-Dec-97 YTD
30-Jun-97 1
30-Jun-95 3
30-Jun-93 5
30-Jun-88 10
22-Jan-98 INCEPT. 1,000.00 7.76% 18.58%
INCEPTION FACTOR: 0.4384
SELECT BALANCED IS
IS
ACCOUNT IS AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 1,012.33 0.00%
31-May-98 1 MO 979.51 3.35% 3.35%
31-Mar-98 QTR
31-Dec-97 YTD
30-Jun-97 1
30-Jun-95 3
30-Jun-93 5
30-Jun-88 10
9-Apr-98 INCEPT. 1,000.00 1.23% 5.54%
INCEPTION FACTOR: 0.2274
COMMON STOCK I
ACCOUNT Y AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 1,122.34 0.00%
31-May-98 1 MO 1,100.88 1.95% 1.95%
31-Mar-98 QTR 1,121.67 0.06% 0.06%
31-Dec-97 YTD 1,001.96 12.01% 12.01%
30-Jun-97 1
30-Jun-95 3
30-Jun-93 5
30-Jun-88 10
24-Nov-97 INCEPT. 1,000.00 12.23% 21.21%
INCEPTION FACTOR: 0.6
COMMON STOCK IS
IS
ACCOUNT IS AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 1,092.72 0.00%
31-May-98 1 MO 1,071.96 1.94% 1.94%
31-Mar-98 QTR 1,092.78 -0.01% -0.01%
31-Dec-97 YTD
30-Jun-97 1
30-Jun-95 3
30-Jun-93 5
30-Jun-88 10
4-Feb-98 INCEPT. 1,000.00 9.27% 24.63%
INCEPTION FACTOR: 0.4027
SOCIAL PRINCIPLES I
I
ACCOUNT I AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 1,064.08 0.00%
31-May-98 1 MO 1,031.58 3.15% 3.15%
31-Mar-98 QTR 1,073.18 -0.85% -0.85%
31-Dec-97 YTD 976.64 8.95% 8.95%
30-Jun-97 1
30-Jun-95 3
30-Jun-93 5
30-Jun-88 10
24-Nov-97 INCEPT. 1,000.00 6.41% 10.91%
INCEPTION FACTOR: 0.6
SOCIAL PRINCIPLES IS
IS
ACCOUNT IS AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 1,013.22 0.00%
31-May-98 1 MO 982.52 3.13% 3.13%
31-Mar-98 QTR 1,022.63 -0.92% -0.92%
31-Dec-97 YTD
30-Jun-97 1
30-Jun-95 3
30-Jun-93 5
30-Jun-88 10
12-Mar-98 INCEPT. 1,000.00 1.32% 4.41%
INCEPTION FACTOR: 0.3041
SOCIAL PRINCIPLES IC
IC
ACCOUNT IC AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 1,063.81 0.00%
31-May-98 1 MO 1,031.58 3.12% 3.12%
31-Mar-98 QTR 1,073.18 -0.87% -0.87%
31-Dec-97 YTD 976.64 8.92% 8.92%
30-Jun-97 1
30-Jun-95 3
30-Jun-93 5
30-Jun-88 10
24-Nov-97 INCEPT. 1,000.00 6.38% 10.86%
INCEPTION FACTOR: 0.6
SPECIAL EQUITY I
Fund Name Select Special Equity Fund
07/01/1997 to 06/30/1998 14.23%
07/01/1995 to 06/30/1998 22.43%
07/01/1993 to 06/30/1998 N/A
07/01/1988 to 06/30/1998 N/A
Inception to 06/30/1998 24.84%
SPECIAL EQUITY IS
Fund Name Select Special Equity Fund
07/01/1997 to 06/30/1998 13.78%
07/01/1995 to 06/30/1998 22.15
07/01/1993 to 06/30/1998 N/A
07/01/1988 to 06/30/1998 N/A
Inception to 06/30/1998 16.40%
LARGE CAP BLEND I
I
ACCOUNT I AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 1,143.10 0.00%
31-May-98 1 MO 1,088.07 5.06% 5.06%
31-Mar-98 QTR 1,138.44 0.41% 0.41%
31-Dec-97 YTD 1,032.97 10.66% 10.66%
30-Jun-97 1
30-Jun-95 3
30-Jun-93 5
30-Jun-88 10
19-Dec-97 INCEPT. 1,000.00 14.31% 28.61%
INCEPTION FACTOR: 0.5315
LARGE CAP BLEND IS
IS
ACCOUNT Y AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 1,021.68 0.00%
31-May-98 1 MO 972.69 5.04% 5.04%
31-Mar-98 QTR 1,018.13 0.35% 0.35%
31-Dec-97 YTD
30-Jun-97 1
30-Jun-95 3
30-Jun-93 5
30-Jun-88 10
13-Mar-98 INCEPT. 1,000.00 2.17% 7.38%
INCEPTION FACTOR: 0.3014
LARGE CAP BLEND IC
IC
ACCOUNT IC AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 1,131.83 0.00%
31-May-98 1 MO 1,077.34 5.06% 5.06%
31-Mar-98 QTR 1,127.21 0.41% 0.41%
31-Dec-97 YTD 1,022.78 10.66% 10.66%
30-Jun-97 1
30-Jun-95 3
30-Jun-93 5
30-Jun-88 10
24-Nov-97 INCEPT. 1,000.00 13.18% 22.92%
INCEPTION FACTOR: 0.6
DIVERSIFIED VALUE I
Y
ACCOUNT Y AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 4,471.54 0.00%
31-May-98 1 MO 4,373.41 2.24% 2.24%
31-Mar-98 QTR 4,516.62 -1.00% -1.00%
31-Dec-97 YTD 3,090.58 44.68% 44.68%
30-Jun-97 1 2,769.94 61.43% 61.43%
30-Jun-95 3 1,832.21 144.05% 34.64%
30-Jun-93 5 1,448.14 208.78% 25.29%
30-Jun-88 10
22-Jan-98 INCEPT. 4,037.01 10.76% 26.26%
INCEPTION FACTOR: 0.4384
DIVERSIFIED VALUE IS
IS
ACCOUNT IS AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 4,404.69 0.00%
31-May-98 1 MO 4,309.60 2.21% 2.21%
31-Mar-98 QTR 3,503.40 25.73% 25.73%
31-Dec-97 YTD 3,147.10 39.96% 39.96%
30-Jun-97 1 2,816.67 56.38% 56.38%
30-Jun-95 3 1,852.29 137.80% 33.48%
30-Jun-93 5 1,458.15 202.07% 24.74%
30-Jun-88 10
1-Apr-98 INCEPT. 4,503.40 -2.19% -8.51%
INCEPTION FACTOR: 0.2493
STRATEGIC VALUE I
I
ACCOUNT I AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 1,119.52 0.00%
31-May98 1 MO 1,114.85 0.42% 0.42%
31-Mar-98 QTR 1,125.09 -0.50% -0.50%
31-Dec-97 YTD 1,031.34 8.55% 8.55%
30-Jun-97 1
30-Jun-95 3
30-Jun-93 5
30-Jun-88 10
24-Nov-97 INCEPT. 1,000.00 11.95% 20.70%
INCEPTION FACTOR: 0.6
STRATEGIC VALUE IS
IS
ACCOUNT IS AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 1,016.77 0.00%
31-May-98 1 MO 1,012.73 0.40% 0.40%
31-Mar-98 QTR 1,022.47 -0.56% -0.56%
31-Dec-97 YTD
30-Jun-97 1
30-Jun-95 3
30-Jun-93 5
30-Jun-88 10
12-Mar-98 INCEPT. 1,000.00 1.68% 5.62%
INCEPTION FACTOR: 0.3041
STRATEGIC GROWTH I
I
ACCOUNT I AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 1,185.29 0.00%
31-May-98 1 MO 1,116.90 6.12% 6.12%
31-Mar-98 QTR 1,152.34 2.86% 2.86%
31-Dec-97 YTD 1,013.87 16.91% 16.91%
30-Jun-97 1
30-Jun-95 3
30-Jun-93 5
30-Jun-88 10
24-Nov-97 INCEPT. 1,000.00 18.53% 32.75%
INCEPTION FACTOR: 0.6
STRATEGIC GROWTH IS
IS
ACCOUNT IS AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 1,062.88 0.00%
31-May-98 1 MO 1,001.66 6.11% 6.11%
31-Mar-98 QTR 1,033.24 2.87% 2.87%
31-Dec-97 YTD
30-Jun-97 1
30-Jun-95 3
30-Jun-93 5
30-Jun-88 10
27-Feb-98 INCEPT. 1,000.00 6.29% 19.66%
INCEPTION FACTOR: 0.3397
EQUITY INCOME I
Y
ACCOUNT Y AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 1,037.00 0.00%
31-May-98 1 MO 1,043.37 -0.61% -0.61%
31-Mar-98 QTR 1,073.68 -3.42% -3.42%
31-Dec-97 YTD 1,040.25 -0.31% -0.31%
30-Jun-97 1
30-Jun-95 3
30-Jun-93 5
30-Jun-88 10
24-Nov-97 INCEPT. 1,000.00 3.70% 6.24%
INCEPTION FACTOR: 0.6
EQUITY INCOME IS
IS
ACCOUNT IS AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 988.39 0.00%
31-May-98 1 MO 994.67 -0.63% -0.63%
31-Mar-98 QTR 1,023.89 -3.47% -3.47%
31-Dec-97 YTD
30-Jun-97 1
30-Jun-95 3
30-Jun-93 5
30-Jun-88 10
12-Mar-98 INCEPT. 1,000.00 -1.16% -3.77%
INCEPTION FACTOR: 0.3041
SMALL COMPANY VALUE I
Y
ACCOUNT Y AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 1,012.75 0.00%
31-May-98 1 MO 1,033.63 -2.02% -2.02%
31-Mar-98 QTR 1,087.81 -6.90% -6.90%
31-Dec-97 YTD 1,024.00 -1.10% -1.10%
30-Jun-97 1
30-Jun-95 3
30-Jun-93 5
30-Jun-88 10
22-Dec-97 INCEPT. 1,000.00 1.28% 2.45%
INCEPTION FACTOR: 0.5233
SMALL CAP GROWTH I
Y
ACCOUNT Y AVERAGE
YEARS VALUE CLASS ANNNUAL
30-Jun-98 BLANK 1,381.01 0.00%
31-May-98 1 MO 1,369.43 0.85% 0.85%
31-Mar-98 QTR 1,458.90 -5.34% -5.34%
31-Dec-97 YTD 1,296.80 6.49% 6.49%
30-Jun-97 1 1,231.87 12.11% 12.11%
30-Jun-95 3
30-Jun-93 5
30-Jun-88 10
30-Dec-97 INCEPT. 1,000.00 38.10% 13.76%
INCEPTION FACTOR: 2.5041
EQUITY INDEX I
Fund Name Select Equity Index
07/01/1997 to 06/30/1998 29.17%
07/01/1995 to 06/30/1998 29.72%
07/01/1993 to 06/30/1998 22.26%
07/01/1988 to 06/30/1998 17.46%
Inception to 06/30/1998 17.02%
EQUITY INDEX IS
Fund Name Select Equity Index
07/01/1997 to 06/30/1998 29.17%
07/01/1995 to 06/30/1998 N/A
07/01/1993 to 06/30/1998 N/A
07/01/1988 to 06/30/1998 N/A
Inception to 06/30/1998 34.23%
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN SMALL CAP EQUITY INCOME FUND CLASS A
<CAPTION>
<S> <C>
<PERIOD-TYPE> 2-MOS
<FISCAL-YEAR-END> ERR
<PERIOD-START> ERR
<PERIOD-END> ERR
<INVESTMENTS-AT-COST> 1,546,376
<INVESTMENTS-AT-VALUE> 1,523,823
<RECEIVABLES> 11,856
<ASSETS-OTHER> 29,065
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,564,744
<PAYABLE-FOR-SECURITIES> 184,699
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8,239
<TOTAL-LIABILITIES> 192,938
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,390,244
<SHARES-COMMON-STOCK> 139,842
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 4,278
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (163)
<ACCUM-APPREC-OR-DEPREC> (22,553)
<NET-ASSETS> 1,371,806
<DIVIDEND-INCOME> 4,357
<INTEREST-INCOME> 1,595
<OTHER-INCOME> 0
<EXPENSES-NET> (1,674)
<NET-INVESTMENT-INCOME> 4,278
<REALIZED-GAINS-CURRENT> (163)
<APPREC-INCREASE-CURRENT> (22,553)
<NET-CHANGE-FROM-OPS> (18,438)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 139,842
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,371,806
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (1,590)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (10,584)
<AVERAGE-NET-ASSETS> 1,001,784
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> (0.23)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.81
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 102
[NAME] EVERGREEN SMALL CAP EQUITY INCOME FUND CLASS B
<CAPTION>
<S> <C>
[PERIOD-TYPE] 2-MOS
[FISCAL-YEAR-END] ERR
[PERIOD-START] ERR
[PERIOD-END] ERR
[INVESTMENTS-AT-COST] 1,546,376
[INVESTMENTS-AT-VALUE] 1,523,823
[RECEIVABLES] 11,856
[ASSETS-OTHER] 29,065
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,564,744
[PAYABLE-FOR-SECURITIES] 184,699
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 8,239
[TOTAL-LIABILITIES] 192,938
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 19,546,848
[SHARES-COMMON-STOCK] 1,854,448
[SHARES-COMMON-PRIOR] 2,089,105
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (364,910)
[ACCUMULATED-NET-GAINS] (72,477)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 79,725
[NET-ASSETS] 19,189,186
[DIVIDEND-INCOME] 23,024
[INTEREST-INCOME] 15,399
[OTHER-INCOME] 0
[EXPENSES-NET] (356,432)
[NET-INVESTMENT-INCOME] (318,009)
[REALIZED-GAINS-CURRENT] 2,036,193
[APPREC-INCREASE-CURRENT] (64,955)
[NET-CHANGE-FROM-OPS] 1,653,229
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (366,959)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 182,055
[NUMBER-OF-SHARES-REDEEMED] (528,032)
[SHARES-REINVESTED] 92,944
[NET-CHANGE-IN-ASSETS] (1,444,708)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (528,527)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] (100,839)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (356,432)
[AVERAGE-NET-ASSETS] 22,028,890
[PER-SHARE-NAV-BEGIN] 10.14
[PER-SHARE-NII] 0.00
[PER-SHARE-GAIN-APPREC] 0.00
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 10.14
[EXPENSE-RATIO] 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 102
[NAME] EVERGREEN SELECT COMMON STOCK FUND CLASS I
<CAPTION>
<S> <C>
[PERIOD-TYPE] 8-MOS
[FISCAL-YEAR-END] JUN-301998
[PERIOD-START] NOV-23-1997
[PERIOD-END] JUN-30-1998
[INVESTMENTS-AT-COST] 1,359,984,791
[INVESTMENTS-AT-VALUE] 1,971,072,909
[RECEIVABLES] 3,482,849
[ASSETS-OTHER] 50,608
[OTHER-ITEMS-ASSETS] 740
[TOTAL-ASSETS] 1,974,607,106
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3,947,169
[TOTAL-LIABILITIES] 3,947,169
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,180,096,220
[SHARES-COMMON-STOCK] 21,087,281
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 22,784
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 160,649,994
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 611,666,835
[NET-ASSETS] 1,952,435,833
[DIVIDEND-INCOME] 17,356,276
[INTEREST-INCOME] 1,982,557
[OTHER-INCOME] 0
[EXPENSES-NET] 8,145,612
[NET-INVESTMENT-INCOME] 11,193,221
[REALIZED-GAINS-CURRENT] 160,546,931
[APPREC-INCREASE-CURRENT] 49,496,484
[NET-CHANGE-FROM-OPS] 221,236,636
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 11,166,520
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 23,539,203
[NUMBER-OF-SHARES-REDEEMED] 2,451,922
[SHARES-REINVESTED] 453
[NET-CHANGE-IN-ASSETS] 21,087,281
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 0
[PER-SHARE-NAV-BEGIN] 0.00
[PER-SHARE-NII] 0.00
[PER-SHARE-GAIN-APPREC] 0.00
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 0.00
[EXPENSE-RATIO] 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 101
[NAME] EVERGREEN SELECT COMMON STOCK FUND CLASS IS
<CAPTION>
<S> <C>
[PERIOD-TYPE] 8-MOS
[FISCAL-YEAR-END] JUN-301998
[PERIOD-START] NOV-23-1997
[PERIOD-END] JUN-30-1998
[INVESTMENTS-AT-COST] 1,359,984,791
[INVESTMENTS-AT-VALUE] 1,971,072,909
[RECEIVABLES] 3,482,849
[ASSETS-OTHER] 50,608
[OTHER-ITEMS-ASSETS] 740
[TOTAL-ASSETS] 1,974,607,106
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3,947,169
[TOTAL-LIABILITIES] 3,947,169
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 18,137,318
[SHARES-COMMON-STOCK] 208,674
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] (6,873)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 672,376
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (578,717)
[NET-ASSETS] 18,224,104
[DIVIDEND-INCOME] 52,533
[INTEREST-INCOME] 4,727
[OTHER-INCOME] 0
[EXPENSES-NET] 34,559
[NET-INVESTMENT-INCOME] 22,701
[REALIZED-GAINS-CURRENT] 671,884
[APPREC-INCREASE-CURRENT] 3,734,196
[NET-CHANGE-FROM-OPS] 4,428,781
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 29,555
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 250,588
[NUMBER-OF-SHARES-REDEEMED] 41,914
[SHARES-REINVESTED] 283
[NET-CHANGE-IN-ASSETS] 208,674
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 0
[PER-SHARE-NAV-BEGIN] 10.25
[PER-SHARE-NII] 0.00
[PER-SHARE-GAIN-APPREC] 0.00
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 10.25
[EXPENSE-RATIO] 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 102
[NAME] EVERGREEN SELECT DIVERSIFIED VALUE FUND CLASS B
<CAPTION>
<S> <C>
[PERIOD-TYPE] 6-MONTHS
[FISCAL-YEAR-END] ERR
[PERIOD-START] ERR
[PERIOD-END] ERR
[INVESTMENTS-AT-COST] 747,569,777
[INVESTMENTS-AT-VALUE] 811,055,400
[RECEIVABLES] 1,922,994
[ASSETS-OTHER] 49,831
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 813,028,225
[PAYABLE-FOR-SECURITIES] 9,262,180
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 6,203,949
[TOTAL-LIABILITIES] 15,466,129
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 716,380,893
[SHARES-COMMON-STOCK] 30,406,454
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 84,646
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 17,362,141
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 63,524,448
[NET-ASSETS] 797,352,128
[DIVIDEND-INCOME] 6,336,968
[INTEREST-INCOME] 666,140
[OTHER-INCOME] 0
[EXPENSES-NET] (2,485,827)
[NET-INVESTMENT-INCOME] 4,517,281
[REALIZED-GAINS-CURRENT] 17,362,141
[APPREC-INCREASE-CURRENT] 63,524,449
[NET-CHANGE-FROM-OPS] 85,403,871
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (4,502,185)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 35,285,849
[NUMBER-OF-SHARES-REDEEMED] (5,013,312)
[SHARES-REINVESTED] 133,917
[NET-CHANGE-IN-ASSETS] 797,324,392
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] (2,180,538)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (2,485,827)
[AVERAGE-NET-ASSETS] 828,831,179
[PER-SHARE-NAV-BEGIN] 23.81
[PER-SHARE-NII] 0.14
[PER-SHARE-GAIN-APPREC] 2.41
[PER-SHARE-DIVIDEND] (0.14)
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 26.22
[EXPENSE-RATIO] 0.68
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 101
[NAME] EVERGREEN SELECT DIVERSIFIED VALUE FUND CLASS A
<CAPTION>
<S> <C>
[PERIOD-TYPE] 6-MONTHS
[FISCAL-YEAR-END] ERR
[PERIOD-START] ERR
[PERIOD-END] ERR
[INVESTMENTS-AT-COST] 747,569,777
[INVESTMENTS-AT-VALUE] 811,055,400
[RECEIVABLES] 1,922,994
[ASSETS-OTHER] 49,831
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 813,028,225
[PAYABLE-FOR-SECURITIES] 9,262,180
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 6,203,949
[TOTAL-LIABILITIES] 15,466,129
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 238,610
[SHARES-COMMON-STOCK] 8,099
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 190
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 9,993
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (38,825)
[NET-ASSETS] 209,968
[DIVIDEND-INCOME] 2,730
[INTEREST-INCOME] 200
[OTHER-INCOME] 0
[EXPENSES-NET] (1,579)
[NET-INVESTMENT-INCOME] 1,352
[REALIZED-GAINS-CURRENT] 9,993
[APPREC-INCREASE-CURRENT] (38,825)
[NET-CHANGE-FROM-OPS] (27,480)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (1,220)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 30,796
[NUMBER-OF-SHARES-REDEEMED] (22,745)
[SHARES-REINVESTED] 48
[NET-CHANGE-IN-ASSETS] 209,871
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] (1,024)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (1,579)
[AVERAGE-NET-ASSETS] 688,048
[PER-SHARE-NAV-BEGIN] 26.42
[PER-SHARE-NII] 0.06
[PER-SHARE-GAIN-APPREC] (0.50)
[PER-SHARE-DIVIDEND] (0.05)
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 25.93
[EXPENSE-RATIO] 0.93
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 102
[NAME] EVERGREEN SELECT EQUITY INCOME FUND CLASS I
<CAPTION>
<S> <C>
[PERIOD-TYPE] 8-MOS
[FISCAL-YEAR-END] JUN-30-1998
[PERIOD-START] NOV-23-1997
[PERIOD-END] JUN-30-1998
[INVESTMENTS-AT-COST] 173,415,809
[INVESTMENTS-AT-VALUE] 205,780,408
[RECEIVABLES] 566,864
[ASSETS-OTHER] 40,995
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 206,388,267
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 643,066
[TOTAL-LIABILITIES] 643,066
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 158,256,445
[SHARES-COMMON-STOCK] 2,294,102
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 47,786
[ACCUMULATED-NET-GAINS] 13,489,808
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 32,453,765
[NET-ASSETS] 204,247,804
[DIVIDEND-INCOME] 3,483,836
[INTEREST-INCOME] 909,211
[OTHER-INCOME] 0
[EXPENSES-NET] (946,640)
[NET-INVESTMENT-INCOME] 3,446,407
[REALIZED-GAINS-CURRENT] 13,476,808
[APPREC-INCREASE-CURRENT] (9,423,348)
[NET-CHANGE-FROM-OPS] 7,499,867
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (3,466,746)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,538,811
[NUMBER-OF-SHARES-REDEEMED] (244,829)
[SHARES-REINVESTED] 120
[NET-CHANGE-IN-ASSETS] 204,157,450
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] (860,651)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (1,076,789)
[AVERAGE-NET-ASSETS] 204,915,405
[PER-SHARE-NAV-BEGIN] 87.31
[PER-SHARE-NII] 1.5
[PER-SHARE-GAIN-APPREC] 1.73
[PER-SHARE-DIVIDEND] (1.51)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 89.03
[EXPENSE-RATIO] 0.78
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 101
[NAME] EVERGREEN SELECT EQUITY INCOME FUND CLASS IS
<S> <C>
[PERIOD-TYPE] 8-MOS
[FISCAL-YEAR-END] JUN-30-1998
[PERIOD-START] NOV-23-1997
[PERIOD-END] JUN-30-1998
[INVESTMENTS-AT-COST] 173,415,809
[INVESTMENTS-AT-VALUE] 205,780,408
[RECEIVABLES] 566,864
[ASSETS-OTHER] 40,995
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 206,388,267
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 643,066
[TOTAL-LIABILITIES] 643,066
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,557,228
[SHARES-COMMON-STOCK] 16,815
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (1,134)
[ACCUMULATED-NET-GAINS] 30,469
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (89,166)
[NET-ASSETS] 1,497,397
[DIVIDEND-INCOME] 9,117
[INTEREST-INCOME] 2,238
[OTHER-INCOME] 0
[EXPENSES-NET] (3,381)
[NET-INVESTMENT-INCOME] 7,974
[REALIZED-GAINS-CURRENT] 30,400
[APPREC-INCREASE-CURRENT] 1,188
[NET-CHANGE-FROM-OPS] 39,562
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (9,467)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 20,878
[NUMBER-OF-SHARES-REDEEMED] (4,122)
[SHARES-REINVESTED] 59
[NET-CHANGE-IN-ASSETS] 1,587,751
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] (2,274)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (3,685)
[AVERAGE-NET-ASSETS] 1,080,928
[PER-SHARE-NAV-BEGIN] 84.25
[PER-SHARE-NII] 0.65
[PER-SHARE-GAIN-APPREC] 4.89
[PER-SHARE-DIVIDEND] (0.74)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 89.05
[EXPENSE-RATIO] 1.04
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 102
[NAME] EVERGREEN SELECT BALANCED FUND CLASS I
<CAPTION>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUNE 30-1998
[PERIOD-START] JAN 21-1998
[PERIOD-END] JUNE 30-1998
[INVESTMENTS-AT-COST] 682,184,094
[INVESTMENTS-AT-VALUE] 722,648,192
[RECEIVABLES] 5,933,721
[ASSETS-OTHER] 55,264
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 728,637,177
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4,572,089
[TOTAL-LIABILITIES] 4,572,089
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 676,673,532
[SHARES-COMMON-STOCK] 54,054,313
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 76,022
[ACCUMULATED-NET-GAINS] 6,634,891
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 40,465,283
[NET-ASSETS] 723,849,728
[DIVIDEND-INCOME] 2,692,439
[INTEREST-INCOME] 8,686,329
[OTHER-INCOME] 0
[EXPENSES-NET] (2,273,560)
[NET-INVESTMENT-INCOME] 9,105,209
[REALIZED-GAINS-CURRENT] 6,630,635
[APPREC-INCREASE-CURRENT] 40,465,283
[NET-CHANGE-FROM-OPS] 56,201,127
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] (9,096,813)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 62,963,666
[NUMBER-OF-SHARES-REDEEMED] (9,271,066)
[SHARES-REINVESTED] 361,713
[NET-CHANGE-IN-ASSETS] 54,054,313
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] (1,954,294)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (2,273,560)
[AVERAGE-NET-ASSETS] 743,038,923
[PER-SHARE-NAV-BEGIN] 12.49
[PER-SHARE-NII] 0.16
[PER-SHARE-GAIN-APPREC] 0.74
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 13.39
[EXPENSE-RATIO] 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 101
[NAME] EVERGREEN SELECT BALANCED FUND CLASS A
<CAPTION>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUNE 30-1998
[PERIOD-START] JAN 21-1998
[PERIOD-END] JUNE 30-1998
[INVESTMENTS-AT-COST] 682,184,094
[INVESTMENTS-AT-VALUE] 722,648,192
[RECEIVABLES] 5,933,721
[ASSETS-OTHER] 55,264
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 728,637,177
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4,572,089
[TOTAL-LIABILITIES] 4,572,089
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 214,210
[SHARES-COMMON-STOCK] 16,038
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 23
[ACCUMULATED-NET-GAINS] 2,312
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (1,185)
[NET-ASSETS] 215,360
[DIVIDEND-INCOME] 384
[INTEREST-INCOME] 1,197
[OTHER-INCOME] 0
[EXPENSES-NET] (442)
[NET-INVESTMENT-INCOME] 1,138
[REALIZED-GAINS-CURRENT] 2,311
[APPREC-INCREASE-CURRENT] (1,185)
[NET-CHANGE-FROM-OPS] 2,264
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] (1,319)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 15,938
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 100
[NET-CHANGE-IN-ASSETS] 16,038
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] (269)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (442)
[AVERAGE-NET-ASSETS] 209,837
[PER-SHARE-NAV-BEGIN] 13.36
[PER-SHARE-NII] 0.07
[PER-SHARE-GAIN-APPREC] 0.07
[PER-SHARE-DIVIDEND] (0.08)
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 13.42
[EXPENSE-RATIO] 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 102
[NAME] EVERGREEN SELECT LARGE CAP BLEND FUND CLASS I
<CAPTION>
<S> <C>
[PERIOD-TYPE] 8-MOS
[FISCAL-YEAR-END] JUNE-30-1998
[PERIOD-START] NOV 24-1998
[PERIOD-END] JUNE-30-1998
[INVESTMENTS-AT-COST] 390,525,400
[INVESTMENTS-AT-VALUE] 511,067,050
[RECEIVABLES] 1,414,517
[ASSETS-OTHER] 59,486
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 512,541,053
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 674,476
[TOTAL-LIABILITIES] 674,476
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 13,637,252
[SHARES-COMMON-STOCK] 276,555
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 1,329
[ACCUMULATED-NET-GAINS] 522,724
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (123,289)
[NET-ASSETS] 14,038,016
[DIVIDEND-INCOME] 39,332
[INTEREST-INCOME] 3,829
[OTHER-INCOME] 0
[EXPENSES-NET] (21,133)
[NET-INVESTMENT-INCOME] 22,029
[REALIZED-GAINS-CURRENT] 522,585
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 544,614
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] (29,968)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 5,917
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 10
[NET-CHANGE-IN-ASSETS] 5,927
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] (20,184)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (21,132)
[AVERAGE-NET-ASSETS] 5,550,000
[PER-SHARE-NAV-BEGIN] 44.59
[PER-SHARE-NII] 0.19
[PER-SHARE-GAIN-APPREC] 6.18
[PER-SHARE-DIVIDEND] (0.19)
[PER-SHARE-DISTRIBUTIONS] (0.03)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 50.74
[EXPENSE-RATIO] 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 101
[NAME] EVERGREEN SELECT LARGE CAP BLEND FUND CLASS IS
<CAPTION>
<S> <C>
[PERIOD-TYPE] 8-MOS
[FISCAL-YEAR-END] JUNE-30-1998
[PERIOD-START] NOV 24-1998
[PERIOD-END] JUNE-30-1998
[INVESTMENTS-AT-COST] 390,525,400
[INVESTMENTS-AT-VALUE] 511,067,050
[RECEIVABLES] 1,414,517
[ASSETS-OTHER] 59,486
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 512,541,053
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 674,476
[TOTAL-LIABILITIES] 674,476
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 298,019
[SHARES-COMMON-STOCK] 5,927
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 29
[ACCUMULATED-NET-GAINS] 13,830
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (11,025)
[NET-ASSETS] 300,836
[DIVIDEND-INCOME] 977
[INTEREST-INCOME] 96
[OTHER-INCOME] 0
[EXPENSES-NET] (725)
[NET-INVESTMENT-INCOME] 348
[REALIZED-GAINS-CURRENT] 13,826
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 14,174
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] (475)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 281,458
[NUMBER-OF-SHARES-REDEEMED] (5,242)
[SHARES-REINVESTED] 339
[NET-CHANGE-IN-ASSETS] 276,555
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] (491)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (726)
[AVERAGE-NET-ASSETS] 239,770
[PER-SHARE-NAV-BEGIN] 49.63
[PER-SHARE-NII] 0.08
[PER-SHARE-GAIN-APPREC] 1.12
[PER-SHARE-DIVIDEND] (0.08)
[PER-SHARE-DISTRIBUTIONS] (0.01)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 50.74
[EXPENSE-RATIO] 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 103
[NAME] EVERGREEN SELECT LARGE CAP BLEND FUND CLASS IC
<CAPTION>
<S> <C>
[PERIOD-TYPE] 8-MOS
[FISCAL-YEAR-END] JUNE-30-1998
[PERIOD-START] NOV 24-1998
[PERIOD-END] JUNE-30-1998
[INVESTMENTS-AT-COST] 390,525,400
[INVESTMENTS-AT-VALUE] 511,067,050
[RECEIVABLES] 1,414,517
[ASSETS-OTHER] 59,486
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 512,541,053
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 674,476
[TOTAL-LIABILITIES] 674,476
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 325,410,734
[SHARES-COMMON-STOCK] 9,805,599
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 47,111
[ACCUMULATED-NET-GAINS] 51,393,916
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 120,675,964
[NET-ASSETS] 497,527,725
[DIVIDEND-INCOME] 3,891,101
[INTEREST-INCOME] 454,850
[OTHER-INCOME] 0
[EXPENSES-NET] (2,038,967)
[NET-INVESTMENT-INCOME] 2,306,983
[REALIZED-GAINS-CURRENT] 51,388,984
[APPREC-INCREASE-CURRENT] 5,211,744
[NET-CHANGE-FROM-OPS] 58,907,711
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] (2,357,277)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 10,802,599
[NUMBER-OF-SHARES-REDEEMED] (997,016)
[SHARES-REINVESTED] 16
[NET-CHANGE-IN-ASSETS] 9,805,599
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] (2,010,941)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (2,038,967)
[AVERAGE-NET-ASSETS] 478,876,544
[PER-SHARE-NAV-BEGIN] 45.05
[PER-SHARE-NII] 0.23
[PER-SHARE-GAIN-APPREC] 5.70
[PER-SHARE-DIVIDEND] (0.23)
[PER-SHARE-DISTRIBUTIONS] (0.01)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 50.74
[EXPENSE-RATIO] 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 102
[NAME] EVERGREEN SOCIAL PRINCIPLES CLASS I
<CAPTION>
<S> <C>
[PERIOD-TYPE] 8-MOS
[FISCAL-YEAR-END] JUNE 30,1998
[PERIOD-START] NOV 24, 1998
[PERIOD-END] JUNE 30, 1998
[INVESTMENTS-AT-COST] 118,269,394
[INVESTMENTS-AT-VALUE] 171,923,062
[RECEIVABLES] 9,486,782
[ASSETS-OTHER] 59,088
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 181,468,932
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,671,192
[TOTAL-LIABILITIES] 1,671,192
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,206,166
[SHARES-COMMON-STOCK] 61,734
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 810
[ACCUMULATED-NET-GAINS] 52,804
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 144,771
[NET-ASSETS] 2,404,551
[DIVIDEND-INCOME] 8,244
[INTEREST-INCOME] 943
[OTHER-INCOME] 0
[EXPENSES-NET] (7,576)
[NET-INVESTMENT-INCOME] 1,611
[REALIZED-GAINS-CURRENT] 52,763
[APPREC-INCREASE-CURRENT] 144,771
[NET-CHANGE-FROM-OPS] 199,145
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] (1,626)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 5,274
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 5,274
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] (6,984)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (7,576)
[AVERAGE-NET-ASSETS] 1,794,630
[PER-SHARE-NAV-BEGIN] 36.65
[PER-SHARE-NII] 0.03
[PER-SHARE-GAIN-APPREC] 2.31
[PER-SHARE-DIVIDEND] (0.03)
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 38.96
[EXPENSE-RATIO] 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 101
[NAME] EVERGREEN SOCIAL PRINCIPLES CLASS IS
<CAPTION>
<S> <C>
[PERIOD-TYPE] 8-MOS
[FISCAL-YEAR-END] JUNE 30,1998
[PERIOD-START] NOV 24, 1998
[PERIOD-END] JUNE 30, 1998
[INVESTMENTS-AT-COST] 118,269,394
[INVESTMENTS-AT-VALUE] 171,923,062
[RECEIVABLES] 9,486,782
[ASSETS-OTHER] 59,088
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 181,468,932
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,671,192
[TOTAL-LIABILITIES] 1,671,192
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 207,287
[SHARES-COMMON-STOCK] 5,274
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 69
[ACCUMULATED-NET-GAINS] 3,696
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (5,634)
[NET-ASSETS] 205,418
[DIVIDEND-INCOME] 362
[INTEREST-INCOME] 28
[OTHER-INCOME] 0
[EXPENSES-NET] (458)
[NET-INVESTMENT-INCOME] (68)
[REALIZED-GAINS-CURRENT] 3,693
[APPREC-INCREASE-CURRENT] (5,634)
[NET-CHANGE-FROM-OPS] (2,009)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] (42)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 61,760
[NUMBER-OF-SHARES-REDEEMED] (59)
[SHARES-REINVESTED] 33
[NET-CHANGE-IN-ASSETS] 61,734
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] (316)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (458)
[AVERAGE-NET-ASSETS] 130,195
[PER-SHARE-NAV-BEGIN] 38.43
[PER-SHARE-NII] (0.01)
[PER-SHARE-GAIN-APPREC] 0.54
[PER-SHARE-DIVIDEND] (0.02)
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 38.94
[EXPENSE-RATIO] 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 103
[NAME] EVERGREEN SOCIAL PRINCIPLES CLASS IC
<CAPTION>
<S> <C>
[PERIOD-TYPE] 8-MOS
[FISCAL-YEAR-END] JUNE 30,1998
[PERIOD-START] NOV 24, 1998
[PERIOD-END] JUNE 30, 1998
[INVESTMENTS-AT-COST] 118,269,394
[INVESTMENTS-AT-VALUE] 171,923,062
[RECEIVABLES] 9,486,782
[ASSETS-OTHER] 59,088
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 181,468,932
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,671,192
[TOTAL-LIABILITIES] 1,671,192
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 117,584,930
[SHARES-COMMON-STOCK] 4,548,815
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 59,687
[ACCUMULATED-NET-GAINS] 6,028,624
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 53,514,530
[NET-ASSETS] 177,187,771
[DIVIDEND-INCOME] 814,448
[INTEREST-INCOME] 136,734
[OTHER-INCOME] 0
[EXPENSES-NET] (833,474)
[NET-INVESTMENT-INCOME] 117,708
[REALIZED-GAINS-CURRENT] 6,025,638
[APPREC-INCREASE-CURRENT] 3,907,516
[NET-CHANGE-FROM-OPS] 10,050,862
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] (160,897)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 4,876,095
[NUMBER-OF-SHARES-REDEEMED] (327,340)
[SHARES-REINVESTED] 60
[NET-CHANGE-IN-ASSETS] 4,548,815
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] (775,403)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (833,474)
[AVERAGE-NET-ASSETS] 161,538,059
[PER-SHARE-NAV-BEGIN] 36.65
[PER-SHARE-NII] 0.03
[PER-SHARE-GAIN-APPREC] 2.31
[PER-SHARE-DIVIDEND] (0.03)
[PER-SHARE-DISTRIBUTIONS] (0.01)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 38.95
[EXPENSE-RATIO] 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 101
[NAME] EVERGREEN SELECT SMALL CAP GROWTH FUND CLASS I
<CAPTION>
<S> <C>
[PERIOD-TYPE] 4-MOS
[FISCAL-YEAR-END] ERR
[PERIOD-START] ERR
[PERIOD-END] ERR
[INVESTMENTS-AT-COST] 66,841,097
[INVESTMENTS-AT-VALUE] 70,250,068
[RECEIVABLES] 710,808
[ASSETS-OTHER] 13,697
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 70,974,573
[PAYABLE-FOR-SECURITIES] 1,651,726
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 39,359
[TOTAL-LIABILITIES] 1,691,085
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 67,292,547
[SHARES-COMMON-STOCK] 5,279,958
[SHARES-COMMON-PRIOR] 3,591,709
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (334)
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] (1,417,696)
[ACCUM-APPREC-OR-DEPREC] 3,408,971
[NET-ASSETS] 69,283,488
[DIVIDEND-INCOME] 64,120
[INTEREST-INCOME] 46,145
[OTHER-INCOME] 0
[EXPENSES-NET] 210,919
[NET-INVESTMENT-INCOME] (130,149)
[REALIZED-GAINS-CURRENT] 407,197
[APPREC-INCREASE-CURRENT] (1,425,687)
[NET-CHANGE-FROM-OPS] (1,148,639)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,770,376
[NUMBER-OF-SHARES-REDEEMED] (82,127)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 21,759,128
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (320)
[OVERDIST-NET-GAINS-PRIOR] (1,824,893)
[GROSS-ADVISORY-FEES] 166,954
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (211,329)
[AVERAGE-NET-ASSETS] 62,455,036
[PER-SHARE-NAV-BEGIN] 13.23
[PER-SHARE-NII] (0.03)
[PER-SHARE-GAIN-APPREC] (0.08)
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 13.12
[EXPENSE-RATIO] 1.01
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 101
[NAME] EVERGREEN SELECT SMALL COMPANY VALUE FUND CLASS I
<CAPTION>
<S> <C>
[PERIOD-TYPE] 6-MO
[FISCAL-YEAR-END] ERR
[PERIOD-START] ERR
[PERIOD-END] ERR
[INVESTMENTS-AT-COST] 69,966,153
[INVESTMENTS-AT-VALUE] 67,351,940
[RECEIVABLES] 10,374,321
[ASSETS-OTHER] 45,201
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 77,771,462
[PAYABLE-FOR-SECURITIES] 75,625
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 49,036
[TOTAL-LIABILITIES] 124,661
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 79,879,678
[SHARES-COMMON-STOCK] 7,697,902
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 69,313
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 312,023
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (2,614,213)
[NET-ASSETS] 77,646,801
[DIVIDEND-INCOME] 259,140
[INTEREST-INCOME] 130,522
[OTHER-INCOME] 0
[EXPENSES-NET] (231,559)
[NET-INVESTMENT-INCOME] 158,103
[REALIZED-GAINS-CURRENT] 302,967
[APPREC-INCREASE-CURRENT] (2,614,213)
[NET-CHANGE-FROM-OPS] (2,153,143)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (152,163)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 5,824,812
[NUMBER-OF-SHARES-REDEEMED] 669,991
[SHARES-REINVESTED] 14,214
[NET-CHANGE-IN-ASSETS] 77,646,801
[ACCUMULATED-NII-PRIOR] 69,313
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] (208,402)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (291,438)
[AVERAGE-NET-ASSETS] 44,483,381
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] 0.04
[PER-SHARE-GAIN-APPREC] 0.09
[PER-SHARE-DIVIDEND] (0.04)
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 10.09
[EXPENSE-RATIO] 1.01
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 102
[NAME] EVERGREEN SELECT STRATEGIC GROWTH CLASS I
<CAPTION>
<S> <C>
[PERIOD-TYPE] 8-MOS
[FISCAL-YEAR-END] JUN-30-1998
[PERIOD-START] NOV-23-1997
[PERIOD-END] JUN-30-1998
[INVESTMENTS-AT-COST] 268,783,529
[INVESTMENTS-AT-VALUE] 339,168,104
[RECEIVABLES] 10,197,012
[ASSETS-OTHER] 146,801
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 349,511,917
[PAYABLE-FOR-SECURITIES] 22,457,652
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3,148,933
[TOTAL-LIABILITIES] 25,606,585
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 218,153,097
[SHARES-COMMON-STOCK] 8,371,272
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 88,752
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 32,306,891
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 70,983,203
[NET-ASSETS] 321,531,943
[DIVIDEND-INCOME] 1,156,426
[INTEREST-INCOME] 439,560
[OTHER-INCOME] 0
[EXPENSES-NET] (1,256,812)
[NET-INVESTMENT-INCOME] 339,175
[REALIZED-GAINS-CURRENT] 32,306,891
[APPREC-INCREASE-CURRENT] 16,358,457
[NET-CHANGE-FROM-OPS] 49,004,523
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 325,046
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 9,834,675
[NUMBER-OF-SHARES-REDEEMED] 1,464,385
[SHARES-REINVESTED] 982
[NET-CHANGE-IN-ASSETS] 8,371,272
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] (1,222,242)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (1,465,692)
[AVERAGE-NET-ASSETS] 291,007,564
[PER-SHARE-NAV-BEGIN] 0.00
[PER-SHARE-NII] 0.00
[PER-SHARE-GAIN-APPREC] 0.00
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 0.00
[EXPENSE-RATIO] 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 101
[NAME] EVERGREEN SELECT STRATEGIC GROWTH CLASS IS
<CAPTION>
<S> <C>
[PERIOD-TYPE] 8-MOS
[FISCAL-YEAR-END] JUN-30-1998
[PERIOD-START] NOV-23-1997
[PERIOD-END] JUN-30-1998
[INVESTMENTS-AT-COST] 268,783,529
[INVESTMENTS-AT-VALUE] 339,168,104
[RECEIVABLES] 10,197,012
[ASSETS-OTHER] 146,801
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 349,511,917
[PAYABLE-FOR-SECURITIES] 22,457,652
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3,148,933
[TOTAL-LIABILITIES] 25,606,585
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,664,781
[SHARES-COMMON-STOCK] 61,872
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] (3,581)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 310,817
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (598,628)
[NET-ASSETS] 2,373,389
[DIVIDEND-INCOME] 9,525
[INTEREST-INCOME] 4,014
[OTHER-INCOME] 0
[EXPENSES-NET] (18,614)
[NET-INVESTMENT-INCOME] (5,075)
[REALIZED-GAINS-CURRENT] 310,817
[APPREC-INCREASE-CURRENT] 675,245
[NET-CHANGE-FROM-OPS] 980,987
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 447,254
[NUMBER-OF-SHARES-REDEEMED] 385,382
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 61,872
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] (13,407)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (20,885)
[AVERAGE-NET-ASSETS] 5,825,476
[PER-SHARE-NAV-BEGIN] 0.00
[PER-SHARE-NII] 0.00
[PER-SHARE-GAIN-APPREC] 0.00
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 0.00
[EXPENSE-RATIO] 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 102
[NAME] EVERGREEN SELECT STRATEGIC VALUE FUND CLASS I
<CAPTION>
<S> <C>
[PERIOD-TYPE] 8-MOS
[FISCAL-YEAR-END] JUN-30-1998
[PERIOD-START] NOV-24-1997
[PERIOD-END] JUN-30-1998
[INVESTMENTS-AT-COST] 224,566,969
[INVESTMENTS-AT-VALUE] 285,332,842
[RECEIVABLES] 11,751,960
[ASSETS-OTHER] 39,379
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 297,124,181
[PAYABLE-FOR-SECURITIES] 5,821,932
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 2,781,856
[TOTAL-LIABILITIES] 8,603,788
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 218,596,545
[SHARES-COMMON-STOCK] 1,270,663
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 76,666
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 7,759,969
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 60,760,355
[NET-ASSETS] 287,193,535
[DIVIDEND-INCOME] 2,291,659
[INTEREST-INCOME] 374,839
[OTHER-INCOME] 0
[EXPENSES-NET] (988,790)
[NET-INVESTMENT-INCOME] 1,677,708
[REALIZED-GAINS-CURRENT] 7,759,969
[APPREC-INCREASE-CURRENT] 12,365,548
[NET-CHANGE-FROM-OPS] 21,803,225
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (1,676,451)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,344,196
[NUMBER-OF-SHARES-REDEEMED] (74,798)
[SHARES-REINVESTED] 1,265
[NET-CHANGE-IN-ASSETS] 287,193,510
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] (929,195)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (1,123,484)
[AVERAGE-NET-ASSETS] 221,236,751
[PER-SHARE-NAV-BEGIN] 203.35
[PER-SHARE-NII] 1.60
[PER-SHARE-GAIN-APPREC] 22.67
[PER-SHARE-DIVIDEND] (1.60)
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 226.02
[EXPENSE-RATIO] 0.75
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
[/LEGEND]
[SERIES]
[NUMBER] 101
[NAME] EVERGREEN SELECT STRATEGIC VALUE FUND CLASS IS
<CAPTION>
<S> <C>
[PERIOD-TYPE] 8-MOS
[FISCAL-YEAR-END] JUN-30-1998
[PERIOD-START] NOV-24-1997
[PERIOD-END] JUN-30-1998
[INVESTMENTS-AT-COST] 224,566,969
[INVESTMENTS-AT-VALUE] 285,332,842
[RECEIVABLES] 11,751,960
[ASSETS-OTHER] 39,379
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 297,124,181
[PAYABLE-FOR-SECURITIES] 5,821,932
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 2,781,856
[TOTAL-LIABILITIES] 8,603,788
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,320,040
[SHARES-COMMON-STOCK] 5,870
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (902)
[ACCUMULATED-NET-GAINS] 2,202
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 5,518
[NET-ASSETS] 1,326,858
[DIVIDEND-INCOME] 2,164
[INTEREST-INCOME] 411
[OTHER-INCOME] 0
[EXPENSES-NET] (1,330)
[NET-INVESTMENT-INCOME] 1,245
[REALIZED-GAINS-CURRENT] 2,202
[APPREC-INCREASE-CURRENT] 5,518
[NET-CHANGE-FROM-OPS] 8,965
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (2,273)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 6,502
[NUMBER-OF-SHARES-REDEEMED] (641)
[SHARES-REINVESTED] 9
[NET-CHANGE-IN-ASSETS] 1,326,883
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] (933)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (1,465)
[AVERAGE-NET-ASSETS] 442,553
[PER-SHARE-NAV-BEGIN] 197.80
[PER-SHARE-NII] 0.60
[PER-SHARE-GAIN-APPREC] 28.42
[PER-SHARE-DIVIDEND] (0.60)
[PER-SHARE-DISTRIBUTIONS] (0.18)
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 226.04
[EXPENSE-RATIO] 1.68
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
