EVERGREEN SELECT EQUITY TRUST
497, 2000-05-15
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                         SUPPLEMENT TO THE PROSPECTUSES
                                       OF
                       EVERGREEN SELECT FIXED INCOME FUNDS
                          EVERGREEN SELECT EQUITY FUNDS
                      EVERGREEN STATE MUNICIPAL BOND FUNDS
                  EVERGREEN SOUTHERN STATE MUNICIPAL BOND FUNDS
                     EVERGREEN NATIONAL MUNICIPAL BOND FUNDS
                         EVERGREEN DOMESTIC GROWTH FUNDS
                            EVERGREEN BALANCED FUNDS
                        EVERGREEN GROWTH AND INCOME FUNDS
                 EVERGREEN INTERMEDIATE AND LONG TERM BOND FUNDS
                EVERGREEN SHORT AND INTERMEDIATE TERM BOND FUNDS
                 EVERGREEN INTERNATIONAL AND GLOBAL GROWTH FUNDS
                        EVERGREEN EQUITY AND INCOME FUNDS

                             (the "Evergreen Funds")

         The table  under  the  section  entitled  "How To Buy  Shares"  in each
Evergreen Funds' prospectus is supplemented as follows:

          Systematic Investment Plan (SIP)+

     +    Evergreen  Investment  Services,  Inc.  (EIS) will fund a $50  initial
          investment  in  Evergreen  Fund Class A shares for  employees of First
          Union  Corporation  (First Union) and its affiliates when the employee
          enrolls  in a new SIP.  EIS will  fund a $100  initial  investment  in
          Evergreen  Fund Class A shares for  employees  of First Union when the
          employee enrolls in a SIP and also opens a CAP account. To be eligible
          for either of these  offers,  the  employee  must open an account with
          First Union Brokerage Services,  Inc. or First Union Securities,  Inc.
          to execute the transactions. If the employee redeems his shares within
          12 months  after  the month of  purchase,  EIS  reserves  the right to
          reclaim its $50 or $100 initial investment.




May 15, 2000                                                    554562   (5/00)




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