SUPPLEMENT TO THE PROSPECTUSES
OF
EVERGREEN GLOBAL LEADERS FUND
EVERGREEN OMEGA FUND
EVERGREEN BLUE CHIP FUND
EVERGREEN FOUNDATION FUND
EVERGREEN GROWTH AND INCOME FUND
EVERGREEN TAX STRATEGIC FOUNDATION FUND
(the "Evergreen Funds")
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SPECIAL OFFER
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For the period July 19, 1999 through August 17, 1999 (unless terminated
sooner as described below) (the "Offering Period"), Evergreen Distributor, Inc.
("EDI"), the principal underwriter for the Evergreen Funds, will waive the
front-end sales charge on purchases of Class A shares of the Evergreen Funds. In
addition, Mentor Distributors, LLC will waive the front-end sales charge on
purchases of Class A shares of Mentor Growth Portfolio, Mentor Capital Growth
Portfolio, and Mentor Balanced Portfolio (the "Mentor Portfolios") during the
Offering Period. Purchases of Class A shares during the Offering Period will be
at net asset value.
Class A shares purchased during the Offering Period will be subject to
a contingent deferred sales charge ("CDSC") according to the following schedule:
Time Held CDSC
12 months or less* 2.00%
More than 12 but less than 24 months* 1.00%
Thereafter 0%
* Time periods are calculated beginning with the
first day of the calendar month following the month
in which the purchase is made.
The CDSC will apply to the lesser of the net asset value of the shares
when (1) redeemed or (2) purchased. The CDSC will also apply to any redemption
during the CDSC period of shares of another Evergreen fund acquired through
exchange of shares purchased through this special offer.
EDI will pay the selling broker a commission of 2.25% of the offering
price on sales of Class A shares during the Offering Period that, absent the
special offer, would have been subject to a front-end sales charge. The 2.25%
commission will not apply to sales that would have been at net asset value
absent the special offer. Normal commission rates will apply to such sales. The
CDSC will not apply to shares purchased without the payment of the 2.25%
commission. Such shares will be subject to the CDSC otherwise applicable, if
any.
Class A shares purchased during the Offering Period on which the 2.25%
commission is paid may not be exchanged for shares of any other Evergreen fund
for six months after the date of purchase.
The Offering Period will terminate prior to August 17, 1999 if
aggregate sales of Class A shares of the Evergreen Funds and the Mentor
Portfolios reach approximately $100,000,000. EDI reserves the right to extend
this offer beyond the Offering Period or beyond the time when such aggregate
sales exceed $100,000,000.
July 1, 1999
<PAGE>
July 1, 1999
VIA EDGAR
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Evergreen Equity Trust (the "Trust")
File Nos. 333-37453/811-08413
Dear Sir/Madam:
Pursuant to Rule 497(e) under the Securities Act of 1933, as amended (the
"Act"), enclosed is a Supplement to the Prospectuses of Evergreen Omega Fund,
Evergreen Blue Chip Fund, Evergreen Foundation Fund, Evergreen Growth and
Income Fund and Evergreen Tax Strategic Foundation Fund, series of the Trust.
If you have any questions, please call me at (617) 210-3685.
Sincerely,
/s/Scott Harney
Scott Harney
