EVERGREEN SELECT EQUITY TRUST
497, 2000-09-05
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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

                             (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 Class A shares of the  Evergreen  Funds for employees of
         First  Union  Corporation  (First  Union) and its  affiliates  when the
         employee  enrolls  in a new  Evergreen  SIP and  agrees  to  subsequent
         monthly  investments of $50. EIS will fund a $100 initial investment in
         Class A shares of the Evergreen Funds for employees of First Union when
         the employee  enrolls in a new  Evergreen SIP through a CAP account and
         agrees to subsequent  monthly  investments  of $100. To be eligible for
         either of these  offers,  the employee  must open an account with 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.




September 5, 2000                                             555869    (9/00)



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