EVERGREEN EQUITY TRUST /DE/
497, 1999-10-12
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                          SUPPLEMENT TO PROSPECTUSES OF
                         EVERGREEN DOMESTIC GROWTH FUNDS


I.       Evergreen Fund, Evergreen Tax Strategic Equity Fund

         Effective August 2, 1999, the section of the prospectuses entitled "THE
FUNDS' PORTFOLIO MANAGERS" is supplemented to reflect the following change:

         Evergreen Fund, Evergreen Tax Strategic Equity Fund

         Jean Ledford and Richard Welsh became Co-Managers of the Fund in August
1999. Jean Ledford, CFA, became President and Chief Executive Officer of EAMC in
August 1999.  From February 1997 until she joined EAMC,  Ms. Ledford worked as a
portfolio manager at American Century  Investments  ("American  Century").  From
1980 until she joined American Century,  Ms. Ledford was the investment director
at the State of Wisconsin Investment Board.

         Richard  Welsh  joined  EAMC as Senior  Vice  President  and  portfolio
manager in August  1999.  Prior to joining  EAMC,  he worked for five years as a
portfolio manager and analyst at American Century.


July 12, 1999


II.      Evergreen Stock Selector Fund

         Effective  October 4, 1999,  the section of the  prospectuses  entitled
"THE FUNDS' PORTFOLIO MANAGERS" is supplemented to reflect the following change:

         Evergreen Stock Selector Fund

     Jay  Zelko,  Eric  M.  Teal  and  Timothy  M.  Stevenson,  CFA,  have  been
Co-Managers of the Fund since October 1999. Mr. Zelko joined FUNB in April 1994.
Mr.  Zelko is an  equity  portfolio  manager  within  MIC who  maintains  sector
analytical  and  portfolio  management  responsibilities.  Mr.  Zelko  has  been
affiliated with MIC as a portfolio manager since June 1999.

     Eric M. Teal joined First Union National Bank ("FUNB") in September 1993 as
an  investment  officer  and has been Vice  President  and  quantitative  equity
analyst  since  September  1997.  Currently,  Mr.  Teal  heads the  Quantitative
Analysis/Portfolio  Management  Unit within  FUNB.  He is also  responsible  for
equity  quantitative  management for the Evergreen Select Equity Funds. Mr. Teal
has been affiliated with MIC as a portfolio manager since October 1999.

     Timothy M. Stevenson has been an investment professional since August 1981.
Before  joining FUNB in November  1994 as a Senior Vice  President and portfolio
manager,  Mr. Stevenson served as a research  director and portfolio manager for
Cedar Hill Associates,  Inc. from July 1989 to July 1994. Mr. Stevenson has been
affiliated with MIC as a portfolio manager since October 1999.


October 11, 1999                                                   550143-10/99


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