SUPPLEMENT TO PROSPECTUS OF
EVERGREEN SELECT EQUITY TRUST
I. Evergreen Select Diversified Value Fund
Evergreen Select Large Cap Blend Fund
(together "the Funds")
Proposed Fund Reorganization
On March 24, 2000 the Board of Trustees of the Evergreen Funds approved
a proposal to reorganize the Funds into Evergreen Stock Selector Fund ("Stock
Selector"). If the shareholders of the Funds approve the proposal, all of the
assets of the Funds will be transferred to Stock Selector and shareholders of
the Funds will receive shares of Stock Selector in exchange for their shares.
Shareholders of the Funds as of April 28, 2000, are scheduled to vote on the
proposal at a special meeting of shareholders to be held on July 14, 2000. If
approved, the reorganization is proposed to take place on July 21, 2000.
Shareholders of the Funds will be mailed information detailing the proposal on
or about May 26, 2000.
Evergreen Select Small Company Value Fund
Proposed Fund Reorganization
On March 24, 2000 the Board of Trustees of the Evergreen Funds approved
a proposal to reorganize Evergreen Select Small Company Value Fund ("Select
Small Company") into Evergreen Small Cap Value Fund ("Small Cap Value"). If the
shareholders of Select Small Company approve the proposal, all of the assets of
Select Small Company will be transferred to Small Cap Value and shareholders of
Select Small Company will receive shares of Small Cap Value in exchange for
their shares. Shareholders of Select Small Company as of April 28, 2000, are
scheduled to vote on the proposal at a special meeting of shareholders to be
held on July 14, 2000. If approved, the reorganization is proposed to take place
on July 21, 2000. Shareholders of Select Small Company will be mailed
information detailing the proposal on or about May 26, 2000.
Evergreen Select Social Principles Fund
Proposed Fund Reorganization
On March 24, 2000 the Board of Trustees of the Evergreen Funds approved
a proposal to reorganize Evergreen Select Social Principles Fund ("Select Social
Principles") into Evergreen Select Special Equity Fund ("Select Special
Equity"). If the shareholders of Select Social Principles approve the proposal,
all of the assets of Select Social Principles will be transferred to Select
Special Equity and shareholders of Select Social Principles will receive shares
of Select Special Equity in exchange for their shares. Shareholders of Select
Social Principles as of April 28, 2000, are scheduled to vote on the proposal at
a special meeting of shareholders to be held on July 14, 2000. If approved, the
reorganization is proposed to take place on July 21, 2000. Shareholders of
Select Social Principles will be mailed information detailing the proposal on or
about May 26, 2000.
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