1933 Act No. 333-37453
1940 Act No. 811-08413
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [ ]
Pre-Effective Amendment No. [ ]
Post-Effective Amendment No. 13 [X]
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [ ]
Amendment No. 12 [X]
EVERGREEN EQUITY TRUST
(Exact Name of Registrant as Specified in Charter)
200 Berkeley Street, Boston, Massachusetts 02116-5034
(Address of Principal Executive Offices)
(617) 210-3200
(Registrant's Telephone Number)
The Corporation Trust Company
1209 Orange Street
Wilmington, Delaware 19801
(Name and Address of Agent for Service)
It is proposed that this filing will become effective:
[x] immediately upon filing pursuant to paragraph (b)
[ ] on (date) pursuant to paragraph (b)
[ ] 60 days after filing pursuant to paragraph (a)(1)
[ ] on (date) pursuant to paragraph (a)(1)
[ ] 75 days after filing pursuant to paragraph (a)(2)
[ ] on (date) pursuant to paragraph (a)(2) of Rule 485
If appropriate, check the following box:
[ ] this post-effective amendment designates a new effective date for a
previously filed post-effective amendment
[ ] 60 days after filing pursuant to paragraph (a)(i)
[ ] on (date) pursuant to paragraph (a)(i)
<PAGE>
EVERGREEN EQUITY TRUST
CONTENTS OF
POST-EFFECTIVE AMENDMENT NO. 13
to
REGISTRATION STATEMENT
This Post-Effective Amendment No. 13 to Registrant's Registration Statement
No. 333-37453/811-08413 consists of the following pages, items of information
and documents:
The Facing Sheet
The Contents Page
PART A
------
Supplement to the prospectuses of Evergreen Fund for Total Return,
Evergreen Growth and Income Fund, Evergreen Income and Growth Fund,
Evergreen Small Cap Equity Income Fund, Evergreen Value Fund,
Evergreen Utility Fund and Evergreen Blue Chip Fund is contained herein.
Prospectuses for Evergreen Fund, Evergreen Micro Cap Fund,
Evergreen Aggressive Growth Fund, Evergreen Omega Fund,
Evergreen Small Company Growth Fund, Evergreen Strategic Growth Fund,
Evergreen Stock Selector Fund and Evergreen Tax Strategic Equity Fund
contained in Post-Effective Amendment No. 12 to Registration Statement
No. 333-37453/811-08413 filed on February 1, 1999 are incorporated
by reference herein.
Prospectuses for Evergreen Masters Fund contained in Post-Effective
Amendment No. 11 to Registration Statement No.333-37453/811-08413
filed on December 29, 1998 are incorporated by
reference herein.
Prospectuses for Evergreen Fund for Total Return, Evergreen Growth
and Income Fund, Evergreen Income and Growth Fund, Evergreen Small Cap
Equity Income Fund, Evergreen Value Fund, Evergreen Utility Fund and
Evergreen Blue Chip Fund contained in Post-Effective
Amendment No. 10 to Registration Statement No. 333-37453/811-08413
filed on November 25, 1998 are incorporated by reference herein.
Prospectuses for Evergreen American Retirement Fund, Evergreen
Foundation Fund, Evergreen Tax Strategic Foundation Fund and
Evergreen Balanced Fund contained in Post-Effective
Amendment No. 6 to Registration Statement No. 333-37453/811-08413
filed on July 31, 1998 are incorporated by
reference herein.
PART B
------
Statement of Additional Information for Evergreen Fund, Evergreen Micro Cap
Fund, Evergreen Aggressive Growth Fund, Evergreen Omega Fund, Evergreen Small
Company Growth Fund, Evergreen Strategic Growth Fund, Evergreen Stock Selector
Fund, Evergreen Tax Strategic Equity Fund and Evergreen Masters Fund
contained in Post-Effective Amendment No. 12 to Registration Statement
No. 333-37453/811-08413 filed on February 1, 1999 is incorporated
by reference herein.
Statement of Additional Information for Evergreen Fund for Total Return,
Evergreen Growth and Income Fund, Evergreen Income and Growth Fund,
Evergreen Small Cap Equity Income Fund, Evergreen Value Fund,
Evergreen Utility Fund and Evergreen Blue Chip Fund contained in
Post-Effective Amendment No. 10 to Registration Statement
No. 333-37453/811-08413 filed on November 25, 1998
is incorporated by reference herein.
Statement of Additional Information for Evergreen American Retirement Fund,
Evergreen Foundation Fund, Evergreen Tax Strategic Foundation Fund
and Evergreen Balanced Fund contained in Post-Effective
Amendment No. 6 to Registration Statement No. 333-37453/811-08413
filed on July 31, 1998 is incorporated by reference herein.
PART C
------
Exhibits
Indemnification
Business and Other Connections of Investment Adviser
Principal Underwriter
Location of Accounts and Records
Undertakings
Signatures
<PAGE>
SUPPLEMENT TO THE PROSPECTUS(ES) OF
EVERGREEN GROWTH AND INCOME FUNDS
I. Evergreen Growth and Income Fund
Effective March 12, 1999, the section of the Fund's prospectus entitled
"INVESTMENT STRATEGY" is supplemented as follows: The Fund may invest up to 25%
of its assets in foreign securities.
In connection with the above policy change, the section of the Fund's
prospectus entitled "RISK FACTORS" is supplemented to add the following risk
heading:
- Foreign Investment Risk
Effective January 14, 1999, the section of the Fund's prospectus entitled
"THE FUNDS' PORTFOLIO MANAGERS" is supplemented to reflect the following change:
The day-to-day management of the Fund is handled by Philip M. Foreman. Mr.
Foreman joined Evergreen Asset Management Corp. in January 1999 as Portfolio
Manager after 7 years as Senior Portfolio Manager at Washington Mutual Advisors,
Inc. Mr. Foreman has managed the Fund since January 1999.
II. Evergreen Small Cap Equity Income Fund
Effective April 6, 1999, the name of the Fund will change to "Evergreen
Small Cap Value Fund."
Additionally, the section of the Fund's prospectus entitled "THE FUNDS'
PORTFOLIO MANAGERS" is supplemented to reflect the following change:
The day-to-day management of the Fund is handled by Nola Maddox Falcone,
CFA, and Jordan D. Alexander, CFA. Ms. Falcone is President and Co-Chief
Executive Officer of Evergreen Asset Management Corp. ("EAMC"). Ms. Falcone has
been the Fund's portfolio manager since its inception in 1993. Mr. Alexander was
an assistant portfolio manager with EAMC from September 1998 until March 1999
when he became co- manager of the Fund. From 1995 to 1998, he was an associate
healthcare analyst with Paine Webber, Inc., and from 1993- 1995, he was a senior
analyst with Arthur Anderson LLP.
III. Evergreen Fund for Total Return
Effective April 6, 1999, the name of the Fund has been changed to
"Evergreen Equity Income Fund."
In connection with the name change, the Fund's investment objective has
been revised. The section of the prospectus entitled "INVESTMENT GOAL" should
read: "The Fund seeks primarily current income and secondarily capital growth."
Likewise, the section of the Fund's prospectus entitled "INVESTMENT
STRATEGY" has been changed to clarify that the Fund invests primarily in
dividend-paying equity securities. Therefore, the Fund's investment strategy
should read: "The Fund invests at least 65% in common stocks of large,
established companies (above $5 billion in market capitalization) with a history
of dividend payments."
IV. Evergreen Blue Chip Fund
Effective April 30, 1999, the following two pages are added to the Fund's
prospectus in order to add Class Y shares to Evergreen Blue Chip Fund.
<PAGE>
Blue Chip Fund
FUND FACTS: INVESTMENT GOAL
The Fund seeks the best possible growth of
Goals: capital and long-term growth of income.
- - Capital Growth
- - Long-term Growth of
Income
INVESTMENT STRATEGY
The Fund invests primarily in common stocks of
Principal Investment: well-established, large U.S. companies with a
- - Large-Cap U.S. Stocks long history of performance, typically
recognizable names representing a broad
Class of Shares Offered in range of industries. To provide balance, the
This Prospectus: Fund also invests in quality medium-sized
- - Class Y companies and may invest up to 25% of its
assets in foreign securities. Buy and sell
Investment Advisor: decisions are based primarily on fundamental
- - Evergreen Investment analysis to identify companies with leading
Management Company positions within their industry, solid
managements and strategies, and a trend of
Portfolio Manager: accelerating profits.
- - Judith A. Warners
The Fund may invest in high quality money market
Dividend Payment Schedule: instruments in response to adverse economic,
- - Quarterly political or market conditions. This strategy is
inconsistent with the Fund's principal
investment strategy and investment objective,
and if employed could result in a lower return
and loss of market opportunity.
RISK FACTORS
Your investment in the Fund is subject to the
risks discussed in the "Overview" on page 1
under the headings:
- Stock Market Risk
- Foreign Investment Risk
<PAGE>
PERFORMANCE
The following charts show how the Fund has performed in the past. Past
performance is not an indication of future results.
The chart below shows the percentage gains or loss for Class Y shares in each of
the last ten calendar years. It should give you a general idea of how the Fund's
return has varied from year- to-year. This graph includes the effects of Fund
expenses.
Year-by-Year Total Return for Class Y Shares (%)*
1989 1990 1991 1992 1993 1994 1995 1996 1997 1998
30.75% -4.12% 30.20% 1.14% 10.91% -4.96% 33.26% 21.92% 31.24% 18.90%
Year to date total return through 3/31/99 is 6.44%.
Best Quarter: 4th Quarter 1998 +18.05%**
Worst Quarter:3rd Quarter 1990 -11.87%
This next table lists the Fund's average annual total return over the past one,
five and ten years and since inception (through 12/31/98). This table is
intended to provide you with some indication of the risks of investing in the
Fund. At the bottom of the table you can compare this performance with the S&P
500 Index. The S&P 500 Index is an unmanaged index which tracks the performance
of 500 publicly-traded U.S. stocks and is often used to indicate the performance
of the overall stock market; it is not an actual investment.
Average Annual Total Return (for the period ended 12/31/98)*
Inception Performance
Date of Class 1 year 5 year 10 year Since 9/11/35
Class Y 4/30/99 18.90% 19.23% 16.00% 9.36%
S&P 500 28.58% 24.06% 19.21% 13.49%**
*Historical performance shown for Class Y prior to its inception is based on the
performance of Class B, the original class offered. the historical returns for
Class Y have been adjusted to eliminate the effect of the 12b-1 fee applicable
to Class B. Class Y does not pay a 12b-1 fee. If this fee had not been
eliminated, returns would have been lower.
**From 12/31/69, the inception date for the S&P 500 Index, to 12/31/98.
EXPENSES
This section describes the fees and expenses you would pay if you bought and
held shares of the Fund.
Shareholder Fees (fees paid directly from your investment)
Shareholder Transaction Expenses Class Y
Maximum sales charge
imposed on purchases (as a % of
offering price) None
Maximum deferred sales
charge (as a % of either the
redemption amount or initial
investment, whichever is lower) None
Annual Fund Operating Expenses (expenses that are deducted from Fund assets)*
Management 12b-1 Other Total Fund
Fees Fees Expenses Operating Expenses
Class Y 0.64% None 0.33% 0.97%
*Estimated for fiscal year ending 7/31/99.
The table below shows the total expenses you would pay on a $10,000 investment
over one- and three-year periods. The example is intended to help you compare
the cost of investing in this Fund versus other mutual funds and is for
illustration only. The example assumes a 5% average annual return and that you
reinvest all of your dividends. Your actual costs may be higher or lower.
Example of Fund Expenses
After 1 year $99
After 3 years $309
<PAGE>
The Blue Chip Fund is added to the third paragraph under the section
"The Funds' Investment Advisors," contained on page 14 of the prospectus, which
discusses Evergreen Investment Management Company as investment advisor.
The following paragraph is added as the fifth paragraph under the
section "The Funds' Portfolio Managers," contained on page 14 of the prospectus:
Blue Chip Fund
The day-to-day management of the Fund is handled by Judith A. Warners. Ms.
Warners has managed the Fund since January 1995. Ms. Warners, Vice President
and portfolio manager since January 1995, joined EIMC as an analyst in 1981.
V. Evergreen Utility Fund, Evergreen Equity Income Fund, Evergreen Income
and Growth Fund, Evergreen Value Fund, Evergreen Growth and Income Fund
and Evergreen Small Cap Value Fund
Effective April 30, 1999, the "Financial highlights" of the Funds are
updated as follows:
The table below shows for the Class Y shares of each Fund, financial highlights
for a share outstanding throughout the six months ended January 31, 1999. The
following information is unaudited.
<TABLE>
<CAPTION>
Utility Equity Income Income and Value Growth and Small Cap
Fund Fund# Growth Fund Fund Income Fund Value Fund
------- ------ ----------- ------ ----------- ----------
<S> <C> <C> <C> <C> <C> <C>
Net asset value, beginning of $11.77 $21.61 $23.22 $22.23 $29.19 $15.77
period
Income from investment operations
Net investment income 0.24 0.17 0.46 0.15 0.11 0.20
Net realized and unrealized gains
or losses on securities and
foreign currency related 0.43 0.32 (0.47) 1.70 0.07 (0.98)
transactions ---- ---- ------ ---- ---- ------
Total from investment operations 0.67 0.49 (0.01) 1.85 0.18 (0.78)
---- ---- ------ ---- ---- ------
Less distributions to
Shareholders from
Net investment income (0.26) (0.15) (0.48) (0.14) (0.09) (0.19)
Net realized gains (1.28) (2.74) (2.13) (0.13) (0.78) (0.18)
------ ------ ------ ------ ------ ------
Total distributions to shareholders (1.54) (2.89) (2.61) (0.27) (0.87) (0.37)
------ ------ ------ ------ ------ ------
Net asset value, end of period $10.90 $19.21 $20.60 $23.81 $28.50 $14.62
------ ------ ------ ------ ------ ------
Total return 5.27% 2.56% 0.05% 8.41% 0.67% (4.90%)
Ratios and supplemental data
Net assets, end of period $3 $249(a) $807 $158 $752 $75
(millions)
Ratios to average net assets
Expenses 0.76%+ 0.99%+ 1.25%+ 0.75%+ 1.21%+ 1.39%+
Net investment income 4.30%+ 1.79%+ 4.39%+ 1.33%+ 0.78%+ 2.61%+
Portfolio turnover rate 34% 65% 43% 75% 7% 28%
</TABLE>
+ Annualized.
# Net investment income is based on average shares outstanding throughout the
period.
(a) Net assets for Equity Income Fund shown in thousands.
V. Evergreen Utility Fund
Effective May 1, 1999, the following paragraph replaces the first
paragraph under the section "The Funds' Portfolio Managers," contained on page
16 of the Class A, Class B and Class C shares prospectus and page 14 of the
Class Y shares prospectus:
Utility Fund
The day-to-day management of the Fund is handled by Matthew D. Finn and Doris
Kelley-Watkins. Mr. Finn is Chief Investment Officer of EIMC's Growth and Income
Group and has been associated with EIM (formerly Capital Management Group or
CMG) since March 1998. Previously, he was a Vice President and portfolio manager
with Advantus Capital Management, Inc. from April 1994 to March 1998 and a
portfolio manager with Unified Capital Management from September 1993 to April
1994. Ms. Kelley-Watkins joined EAMC as a Vice President and analyst in February
1996. She was a First Vice President and senior industry specialist when she
left Merrill Lynch in February 1996 after 20 years with that company. Ms.
Kelley-Watkins has been co-manager of the Fund since August 1996.
April 30, 1999
<PAGE>
EVERGREEN EQUITY TRUST
PART C
Item 23 Exhibits
Unless otherwise indicated, each of the Exhibits listed below is filed
herewith.
<TABLE>
<CAPTION>
Exhibit
Number Description Location
- ------- ----------- -----------
<S> <C> <C>
(a) Declaration of Trust Incorporated by reference to
Registrant's Registration Statement
Filed on October 8, 1997
(b) By-laws Incorporated by reference to
Registrant's Registration Statement
Filed on October 8, 1997
(c) Provisions of instruments defining the rights Incorporated by reference to Exhibits I and II
of holders of the securities being registered of Registrant's Registration Statement
are contained in the Declaration of Trust Filed on October 8, 1997
Articles II, III.(6)(c), VI.(3), IV.(8), V, VI,
VII, VIII and By-laws Articles II, III and VIII.
(d)(1) Investment Advisory and Management Incorporated by reference to
Agreement between the Registrant and First Post-Effective Amendment No. 4 to
Union National Bank Registrant's Registration Statement
Filed on March 12, 1998
(d)(2) Investment Advisory and Management Incorporated by reference to
Agreement between the Registrant and Evergreen Post-Effective Amendment No. 4 to
Asset Management Corp. Registrant's Registration Statement
Filed on March 12, 1998
(d)(3) Investment Advisory and Management Incorporated by reference to
Agreement between the Registrant and Post-Effective Amendment No. 4 to
Evergreen Investment Management Company Registrant's Registration Statement
(formerly Keystone Investment Management Filed on March 12, 1998
Company)
(d)(4) Investment Advisory and Management Incorporated by reference to
Agreement between the Registrant and Post-Effective Amendment No. 12 to
Meridian Investment Company Registrant's Registration Statement
Filed on February 1, 1999
(d)(5) Sub-advisory Agreement between Evergreen Asset Incorporated by reference to
Management Corp. and Lieber & Company Post-Effective Amendment No.9 to
Registrant's Registrant Statement
Filed on October 1, 1998
(d)(6) Portfolio Management Agreement between Incorporated by reference to
OppenheimerFunds, Inc. and First Union Post-Effective Amendment No. 12 to
National Bank Registrant's Registration Statement
Filed on February 1, 1999
(d)(7) Portfolio Management Agreement between Incorporated by reference to
MFS Institutional Advisors, Inc. and First Post-Effective Amendment No. 12 to
Union National Bank Registrant's Registration Statement
Filed on February 1, 1999
(d)(8) Portfolio Management Agreement between Incorporated by reference to
Putnam Investment Management, Inc. and First Post-Effective Amendment No. 12 to
Union National Bank Registrant's Registration Statement
Filed on February 1, 1999
(e)(1) Class A and Class C Principal Underwriting Incorporated by reference to
Agreement between the Registrant and Evergreen Post-Effective Amendment No. 4 to
Distributor, Inc. Registrant's Registration Statement
Filed on March 12, 1998
(e)(2) Class B Principal Underwriting Agreement Incorporated by reference to
between the Registrant and Evergreen Investment Post-Effective Amendment No. 4 to
Services, Inc. (B-1) Registrant's Registration Statement
Filed on March 12, 1998
(e)(3) Class B Principal Underwriting Agreement Incorporated by reference to
between the Registrant and Evergreen Distributor, Post-Effective Amendment No. 4 to
Inc. (B-2) Registrant's Registration Statement
Filed on March 12, 1998
(e)(4) Class B Principal Underwriting Agreement Incorporated by reference to
between the Registrant and Evergreen Distributor, Post-Effective Amendment No. 4 to
Inc. (Evergreen/KCF) Registrant's Registration Statement
Filed on March 12, 1998
(e)(5) Class Y Principal Underwriting Agreement Incorporated by reference to
between the Registrant and Evergreen Distributor, Post-Effective Amendment No. 4 to
Inc. Registrant's Registration Statement
Filed on March 12, 1998
(e)(6) Principal Underwriting Agreement between Incorporated by reference to
the Registrant and Kokusai Securities Company Post-Effective Amendment No. 6 to
Limited Registrant's Registration Statement
Filed on July 31, 1998
(e)(7) Specimen Copy of Dealer Agreement used by Incorporated by reference to
Evergreen Distributor, Inc. Registrant's Pre-Effective Amendment No. 1
Filed on November 10, 1997
(e)(8) Principal Underwriting Agreement between Incorporated by reference to
the Registrant and Nomura Securities Company Post-Effective Amendment No. 6 to
Registrant's Registration Statement
Filed on July 31, 1998
(f) Form of Deferred Compensation Plan Incorporated by reference to
Registrant's Pre-Effective Amendment No. 1
Filed on November 10, 1997
(g) Custodian Agreement between the Registrant Incorporated by reference to
and State Street Bank and Trust Company Post-Effective Amendment No. 4 to
Registrant's Registration Statement
Filed on March 12, 1998
(h)(1) Administration Agreement between Evergreen Incorporated by reference to
Investment Services, Inc. and the Registrant Post-Effective Amendment No. 4 to
Registrant's Registration Statement
Filed on March 12, 1998
(h)(2) Transfer Agent Agreement between the Incorporated by reference to
Registrant and Evergreen Service Company Post-Effective Amendment No. 4 to
Registrant's Registration Statement
Filed on March 12, 1998
(i) Opinion and Consent of Sullivan & Worcester LLP Incorporated by reference to
Registrant's Post-Effective Amendment No. 2
Filed on December 12, 1997
(j)(1) Consent of KPMG Peat Marwick LLP Not applicable to this filing
(j)(2) Consent of PricewaterhouseCoopers LLP Not applicable to this filing
(j)(3) Consent of Ernst & Young LLP Not applicable to this filing
(k) Not applicable
(l) Not applicable
(m)(1) 12b-1 Distribution Plan for Class A Incorporated by reference to
Post-Effective Amendment No. 4 to
Registrant's Registration Statement
Filed on March 12, 1998
(m)(2) 12b-1 Distribution Plan for Class B Incorporated by reference to
(KAF B-1) Post-Effective Amendment No. 4 to
Registrant's Registration Statement
Filed on March 12, 1998
(m)(3) 12b-1 Distribution Plan for Class B Incorporated by reference to
(KAF B-2) Post-Effective Amendment No. 4 to
Registrant's Registration Statement
Filed on March 12, 1998
(m)(4) 12b-1 Distribution Plan for Class B Incorporated by reference to
(KCF/Evergreen) Post-Effective Amendment No. 4 to
Registrant's Registration Statement
Filed on March 12, 1998
(m)(5) 12b-1 Distribution Plan for Class C Incorporated by reference to
Post-Effective Amendment No. 4 to
Registrant's Registration Statement
Filed on March 12, 1998
(n) Not applicable
(o) Multiple Class Plan
</TABLE>
Item 24. Persons Controlled by or Under Common Control with Registrant.
None
Item 25. Indemnification.
Registrant has obtained from a major insurance carrier a trustees and
officers liability policy covering certain types of errors and omissions.
Provisions for the indemnification of the Registrant's Trustees and
officers are also contained in the Registrant's Declaration of Trust.
Provisions for the indemnification of the Registrant's Investment Advisors
are contained in their respective Investment Advisory and Management Agreements.
Provisions for the indemnification of Evergreen Distributor, Inc., the
Registrant's principal underwriter, are contained in each Principal Underwriting
Agreement between Evergreen Distributor, Inc. and the Registrant.
Provisions for the indemnification of Evergreen Service Company, the
Registrant's transfer agent, are contained in the Master Transfer and
Recordkeeping Agreement between Evergreen Service Company and the Registrant.
Provisions for the indemnification of State Street Bank and Trust Company,
the Registrant's custodian, are contained in the Custodian Agreement between
State Street Bank and Trust Company and the Registrant.
Item 26. Business or Other Connections of Investment Adviser.
The Directors and principal executive officers of First Union National Bank
are:
Edward E. Crutchfield, Jr. Chairman and Chief Executive Officer,
First Union Corporation; Chief Executive
Officer and Chairman, First Union National
Bank
Anthony P. Terracciano President, First Union Corporation; President
First Union National Bank
John R. Georgius Vice Chairman, First Union Corporation;
Vice Chairman, First Union National Bank
Marion A. Cowell, Jr. Executive Vice President, Secretary &
General Counsel, First Union Corporation;
Secretary and Executive Vice President,
First Union National Bank
Robert T. Atwood Executive Vice President and Chief Financial
Officer, First Union Corporation; Chief
Financial Officer and Executive Vice
President, First Union National Bank
All of the above persons are located at the following address: First Union
National Bank, One First Union Center, Charlotte, NC 28288.
The information required by this item with respect to Evergreen Asset
Management Corp. is incorporated by reference to the Form ADV (File No.
801-46522) of Evergreen Asset Management Corp.
The information required by this item with respect to Evergreen Investment
Management Company (formerly Keystone Investment Management Company) is
incorporated by reference to the Form ADV (File No. 801-8327) of Evergreen
Investment Management Company.
The information required by this item with respect to Meridian Investment
Company is incorporated by reference to the Form ADV (File No. 801-8327) of
Meridian Investment Company.
Item 27. Principal Underwriters.
Evergreen Distributor, Inc. acts as principal underwriter for each
registered investment company or series thereof that is a part of the Evergreen
"fund complex" as such term is defined in Item 22(a) of Schedule 14A under the
Securities Exchange Act of 1934.
The Directors and principal executive officers of Evergreen Distributor,
Inc. are:
Lynn C. Mangum Director, Chairman and Chief Executive
Officer
Dennis Sheehan Director, Chief Financial Officer
J. David Huber President
Kevin J. Dell Vice President, General Counsel and Secretary
All of the above persons are located at the following address: Evergreen
Distributor, Inc., 90 Park Avenue, New York, New York 10019.
The Registrant has not paid, directly or indirectly, any commissions or
other compensation to the Principal Underwriter in the last fiscal year.
Item 28. Location of Accounts and Records.
All accounts and records required to be maintained by Section 31(a) of the
Investment Company Act of 1940 and the Rules 31a-1 through 31a-3
promulgated thereunder are maintained at one of the following locations:
Evergreen Investment Services, Inc., Evergreen Service Company and
Evergreen Investment Management Company (formerly Keystone Investment
Management Company), all located at 200 Berkeley Street, Boston,
Massachusetts 02110
First Union National Bank, One First Union Center, 301 S. College Street,
Charlotte, North Carolina 28288
Evergreen Asset Management Corp., 2500 Westchester Avenue, Purchase,
New York 10577
Iron Mountain, 3431 Sharp Slot Road, Swansea, Massachusetts 02777
State Street Bank and Trust Company, 2 Heritage Drive, North Quincy,
Massachusetts 02171
Meridian Investment Co., 55 Valley Stream Parkway, Malvern, Pennsylvania
19355
Item 29. Management Services.
Not Applicable
Item 30. Undertakings.
The Registrant hereby undertakes to furnish each person to whom a
prospectus is delivered with a copy of the Registrant's latest annual
report to shareholders, upon request and without charge.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Trust has duly caused this Registration
Statement to be signed on its behalf by the undersigned, duly authorized, in the
City of Columbus, and State of Ohio, on the 30th day of April, 1999.
EVERGREEN EQUITY TRUST
By: /s/ William J. Tomko
-----------------------------
Name: William J. Tomko
Title: President
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities indicated on the 30th day of April, 1999.
<TABLE>
<CAPTION>
<S> <C> <C>
/s/William J. Tomko /s/ Laurence B. Ashkin /s/ Charles A. Austin, III
- ------------------------- ----------------------------- --------------------------------
William J. Tomko Laurence B. Ashkin* Charles A. Austin III*
President amd Treasurer (Principal Trustee Trustee
Financial and Accounting Officer)
/s/ K. Dun Gifford /s/ James S. Howell /s/ William Walt Pettit
- ---------------------------- ---------------------------- --------------------------------
K. Dun Gifford* James S. Howell* William Walt Pettit*
Trustee Chairman of the Board Trustee
and Trustee
/s/Gerald M. McDonnell /s/ Thomas L. McVerry /s/ Michael S. Scofield
- ------------------------------- ----------------------------- --------------------------------
Gerald M. McDonnell* Thomas L. McVerry* Michael S. Scofield*
Trustee Trustee Trustee
/s/ David M. Richardson /s/ Russell A. Salton, III MD /s/ Leroy Keith, Jr.
- ------------------------------ ------------------------------- --------------------------------
David M. Richardson* Russell A. Salton, III MD* Leroy Keith, Jr.
Trustee Trustee Trustee
/s/ Richard J. Shima
- ------------------------------
Richard J. Shima*
Trustee
</TABLE>
*By: /s/ Maureen E. Towle
- -------------------------------
Maureen E. Towle
Attorney-in-Fact
*Maureen E. Towle, by signing her name hereto, does hereby sign this
document on behalf of each of the above-named individuals pursuant to powers of
attorney duly executed by such persons.
<PAGE>
INDEX TO EXHIBITS
Exhibit
Number Exhibit
- ------- -------
(o) Multiple Class Plan
MULTIPLE CLASS PLAN
FOR THE
EVERGREEN FUNDS
As of March 12, 1998
Each Fund in the Evergreen group of mutual funds currently offers one or more of
the following nine classes of shares with the following class provisions and
current offering and exchange characteristics. Additional classes of shares
(such classes being shares having characteristics referred to in Rule 18f-3
under the Investment Company Act of 1940, as amended (the "1940 Act")), when
created, may have characteristics that differ from those described.
I. CLASSES
A. Class A Shares
1. Class A Shares have a distribution plan adopted pursuant to
Rule 12b-1 under the 1940 Act (a "12b-1 Distribution Plan") and/or a shareholder
services plan. The plans provide for annual payments of distribution and/or
shareholder service fees that are based on a percentage of average daily net
assets of Class A shares, as described in a Fund's current prospectus.
2. Class A Shares are offered with a front-end sales load,
except that purchases of Class A Shares made under certain circumstances are not
subject to the front-end load or may be subject to a contingent deferred sales
charge ("CDSC"), as described in a Fund's current prospectus.
3. Shareholders may exchange Class A Shares of a Fund for Class
A Shares of any other fund named in a Fund's prospectus.
B. Class B Shares
1. Class B Shares have adopted a 12b-1 Distribution Plan and/or
a shareholder services plan. The plans provide for annual payments of
distribution and/or shareholder services fees that are based on a percentage of
average daily net assets of Class B shares, as described in a Fund's current
prospectus.
2. Class B Shares are offered at net asset value without a
front-end sales load, but may be subject to a CDSC as described in a Fund's
current prospectus.
3. Class B Shares automatically convert to Class A Shares
without a sales load or exchange fee after designated periods.
4. Shareholders may exchange Class B Shares of a Fund for Class
B Shares of any other fund described in a Fund's prospectus.
C. Class C Shares
1. Class C Shares have adopted a 12b-1 Distribution Plan and/or
a shareholder services plan. The plans provide for annual payments of
distribution and/or shareholder services fees that are based on a percentage of
average daily net assets of Class C shares, as described in a Fund's current
prospectus.
2. Class C Shares are offered at net asset value without a
front-end sales load, but may be subject to a CDSC as described in a Fund's
current prospectus.
3. Shareholders may exchange Class C Shares of a Fund for Class
C Shares of any other fund named in a Fund's prospectus.
D. Class J Shares
1. Class J Shares have adopted a 12b-1 Distribution Plan and/or
a shareholder services plan. The plans provide for annual payments of
distribution and/or shareholder service fees that are based on a percentage of
average daily net assets of Class J shares, as described in a Fund's current
prospectus.
2. Class J Shares are offered with a front-end sales load,
except that purchases of Class J Shares made under certain circumstances are not
subject to the front-end load or may be subject to a CDSC, as described in a
Fund's current prospectus.
3. Shareholders may exchange Class J Shares of a Fund for Class
J Shares of any other fund named in a Fund's prospectus.
E. Class Y Shares
1. Class Y Shares have no distribution or shareholder services
plans.
2. Class Y Shares are offered at net asset value without a
front-end sales load or CDSC.
3. Shareholders may exchange Class Y Shares of a Fund for Class
Y Shares of any other fund described in a Fund's prospectus.
F. Institutional Service Shares
1. Institutional Service Shares have adopted a 12b-1
Distribution Plan and/or shareholder services plan. .The plans provide for
annual payments of distribution and/or shareholder services fees that are based
on a percentage of average daily net assets of Institutional Service Shares, as
described in a Fund's current prospectus.
2. Institutional Service Shares are offered at net asset value
without a front-end sales load or CDSC.
3. Shareholders may exchange Institutional Service Shares
of a Fund for Institutional Service Shares of any other fund named in a Fund's
prospectus, to the extent they are offered by a Fund.
G. Institutional Shares
1. Institutional Shares have no distribution or shareholder
services plans.
2. Institutional Shares are offered at net asset value without a
front-end sales load or CDSC.
3. Shareholders may exchange Institutional Shares of a Fund for
Institutional Shares of any other fund described in a Fund's prospectus, to the
extent they are offered by a Fund.
H. Charitable Shares
1. Charitable Shares have no distribution or shareholder
services plans.
2. Charitable Shares are offered at net asset value without a
front-end sales load or CDSC.
3. Shareholders may exchange Charitable Shares of a Fund for
Charitable Shares of any other fund described in a Fund's prospectus, to the
extent they are offered by a Fund.
II. CLASS EXPENSES
Each class bears the expenses of its 12b-1 Distribution Plan and/or shareholder
services plan. Class J Shares shall also bear that portion of the Transfer
Agency fees and other expenses allowed by Rule 18f-3 that are attributable to
them due to distribution outside of the United States. There currently are no
other class specific expenses.
III. EXPENSE ALLOCATION METHOD
All income, realized and unrealized capital gains and losses and expenses not
assigned to a class will be allocated to each class based on the relative net
asset value of each class.
IV. VOTING RIGHTS
A. Each class will have exclusive voting rights on any matter
submitted to its shareholders that relates solely to its class
arrangement.
B. Each class will have separate voting rights on any matter
submitted to shareholders where the interests of one class
differ from the interests of any other class.
C. In all other respects, each class has the same rights and
obligations as each other class.
V. EXPENSE WAIVERS OR REIMBURSEMENTS
Any expense waivers or reimbursements will be in compliance with Rule
18f-3 issued under the 1940 Act.
