SUPPLEMENT TO THE PROSPECTUSES
OF
EVERGREEN SMALL COMPANY GROWTH FUND
(THE "FUND")
Effective September 25, 1998, the section of the prospectuses of the
Fund entitled "Investment Objectives and Policies" under "Description of The
Funds" is hereby supplemented to reflect the following change:
The Fund invests at least 65% of its total assets in equity securities
of companies with small market capitalizations. For this purpose, companies with
small market capitalizations are generally those with market capitalizations of
less than $2.5 billion ("small cap") at the time of the Fund's investment.
Companies whose capitalizations exceed $2.5 billion after the purchase continue
to be considered small cap for this purpose.
October 15, 1998
