EVERGREEN EQUITY TRUST /DE/
497, 1998-06-17
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                          SUPPLEMENT TO THE PROSPECTUS
                                       OF
                         EVERGREEN FUND FOR TOTAL RETURN
                                  (THE "FUND")



         Effective  June 17,  1998,  the section of the  prospectus  of the Fund
entitled  "Portfolio  Managers" under "Service Providers" is hereby supplemented
to reflect the following change:

         Harlan  Sonderling has been the portfolio manager of Evergreen Fund for
Total  Return  since  June  1998.  He has been a senior  research  analyst  with
Keystone and has played a significant role in the analysis and selection of Fund
investments  since joining Keystone in January 1996. Prior to joining  Keystone,
Mr. Sonderling was an equity portfolio  manager and equity research analyst with
Putnam Investments from 1992 to 1995.





June 17, 1998

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