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 was a
portfolio manager at American Century Investments (American Century). From
1980 until she joined American Century, Ms. Ledford was an 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 was, for five years, 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
and 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.
Mr. 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.
Mr. Stevenson has been an investment professional since August 1981 and
joined FUNB in November 1994 as a Senior Vice President and portfolio manager.
He has been affiliated with MIC as a portfolio manager since October 1999.
October 11, 1999
III. Evergreen Fund
The second paragraph of the Fund's "Investment Strategy," as referenced
under the section of the prospectus entitled "FUND RISK/RETURN SUMMARIES," is
restated in its entirety as follows:
The Fund invests primarily in the common stocks of large U.S.
companies. The Fund's portfolio managers select stocks using a
"growth-at-a-reasonable-price" method. This style of diversified
equity management is best defined as a blend between growth and value
stocks. "Growth" stocks are stocks of companies which the Fund's
portfolio managers believe have anticipated earnings ranging from
steady to accelerated growth. "Value" stocks are stocks of companies
which the Fund's portfolio managers believe are undervalued. Other
equity securities in which the Fund may invest include preferred
stocks and securities convertible into common stocks.
December 14, 1999 551633 12/99
