EVERGREEN EQUITY TRUST /DE/
497, 1999-01-28
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SUPPLEMENT TO THE PROSPECTUSES
OF
EVERGREEN GROWTH AND INCOME FUND ("Growth and Income")
EVERGREEN VA GROWTH AND INCOME FUND ("VA Growth and Income")

Effective  January 14, 1999, the section of the prospectus of Growth and Income
entitled "THE FUNDS' PORTFOLIO MANAGERS" and the section of the prospectus of VA
Growth and Income  entitled  "PORTFOLIO  MANAGERS"  is hereby  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.
        




January 25, 1999



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