SUPPLEMENT TO 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
IV. Evergreen Fund
Effective July 9, 1999, the section of the prospectuses entitled "THE
FUNDS' PORTFOLIO MANAGERS" is supplemented to reflect the following change:
The day-to-day management of the Fund is handled by Stephen A. Lieber.
Mr. Lieber is Chairman and Co-Chief Executive Officer of EAMC. He was a founding
partner of Lieber & Company, the original sponsor of the Evergreen Funds, when
it was established in 1969. He has been with EAMC and its predecessor since 1971
and has been in the investment management profession since 1952. Mr. Lieber has
managed the Fund since its inception in 1970.
XXXXXX 6/99
June 14, 1999
