SUPPLEMENT TO THE PROSPECTUSES OF
EVERGREEN DOMESTIC GROWTH FUNDS
I. Evergreen Small Company Growth Fund
Effective September 25, 1998, the section entitled "INVESTMENT STRATEGIES"
on the page entitled "Evergreen Small Company Growth Fund" is hereby
supplemented to reflect the following change:
The Fund invests at least 65% of its assets in common stocks of companies
with small market capitalizations (less than $2.5 billion) at the time of the
Fund's investment.
II. Evergreen Aggressive Growth Fund
Effective April 1, 1999, the investment advisor to Aggressive Growth Fund
is Evergreen Investment Management Company ("EIMC"). EIMC is entitled to receive
from Aggressive Growth Fund an annual fee equal to 0.60% of its
average daily net assets.
The section entitled "THE FUNDS' PORTFOLIO MANAGERS" is hereby supplemented
to reflect the following change:
The day-to-day management of the Fund is handled by Maureen E. Cullinane.
Ms. Cullinane has been a Senior Vice President and Senior Portfolio Manager of
EIMC since 1995. She has worked at EIMC since 1974 and has over 20 years of
investment experience. Ms. Cullinane has managed the Fund since April 1999.
III. Evergreen Micro Cap Fund
On March 12, 1999, the Board of Trustees of the Evergreen Funds approved a
proposal to reorganize Evergreen Micro Cap Fund ("Micro Cap") into Evergreen
Fund ("Evergreen"). If the shareholders of Micro Cap approve the proposal, all
of the assets of Micro Cap will be transferred to Evergreen and shareholders of
Micro Cap will receive shares of Evergreen in exchange for their shares.
Shareholders of Micro Cap as of May 5, 1999 are scheduled to vote on the
proposal at a special meeting of shareholders to be held on July 23, 1999. If
approved, the reorganization is proposed to take place on July 30, 1999.
Shareholders of Micro Cap will be mailed information detailing the proposal on
or about June 2, 1999.
April 23, 1999
