<PAGE> PAGE 1
000 B000000 07/31/1999
000 C000000 0001046026
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000 G000000 Y
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000 J000000 U
001 A000000 EVERGREEN EQUITY TRUST
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001 C000000 6172103200
002 A000000 200 BERKELEY STREET
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002 C000000 MA
002 D010000 02116
002 D020000 5034
003 000000 N
004 000000 N
005 000000 N
006 000000 N
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008 A00AA01 EVERGREEN ASSET MANAGEMENT
008 B00AA01 A
008 C00AA01 801-00000
008 D01AA01 PURCHASE
008 D02AA01 NY
008 D03AA01 10577
008 A00AA02 EVERGREEN CAPITAL MARKETS GROUP
008 B00AA02 A
008 C00AA02 801-00000
008 D01AA02 CHARLOTTE
008 D02AA02 NC
008 D03AA02 28288
010 A00AA01 EVERGREEN INVESTMENT SERVICES
010 B00AA01 46522
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02116
011 A00AA01 EVERGREEN DISTRIBUTOR, INC.
011 B00AA01 8-46906
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10019
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012 B00AA01 84-000
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02116
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<PAGE> PAGE 2
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02116
077 A000000 Y
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080 A00AA00 ICI MUTUAL INSURANCE COMPANY
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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SIGNATURE DOUG MILLER
TITLE V.P. FUND ADMIN
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN GROWTH & INCOME FUND CLASS A
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JULY-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JULY-31-1999
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<INVESTMENTS-AT-VALUE> "1,806,852,237 "
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<OVERDISTRIBUTION-GAINS> "(212,736)"
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<NET-ASSETS> "250,231,873 "
<DIVIDEND-INCOME> "3,481,222 "
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<OTHER-INCOME> 0
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<NET-INVESTMENT-INCOME> "878,982 "
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<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(2,404,274)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(3,869,976)"
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<PER-SHARE-NAV-BEGIN> 29.14
<PER-SHARE-NII> 0.10
<PER-SHARE-GAIN-APPREC> 1.16
<PER-SHARE-DIVIDEND> (0.06)
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<EXPENSE-RATIO> 1.43
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 102
<NAME> EVERGREEN GROWTH & INCOME FUND CLASS B
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JULY-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JULY-31-1999
<INVESTMENTS-AT-COST> "1,311,730,054 "
<INVESTMENTS-AT-VALUE> "1,806,852,237 "
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<OTHER-ITEMS-ASSETS> 0
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<PAYABLE-FOR-SECURITIES> "21,257,822 "
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<OTHER-ITEMS-LIABILITIES> "8,306,876 "
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "746,897,311 "
<SHARES-COMMON-STOCK> "30,588,148 "
<SHARES-COMMON-PRIOR> "35,015,037 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "(4,735,664)"
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> "(1,796,545)"
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<OTHER-INCOME> 0
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<DISTRIBUTIONS-OF-GAINS> "(27,000,584)"
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<NUMBER-OF-SHARES-REDEEMED> "(9,235,767)"
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<NET-CHANGE-IN-ASSETS> "(108,312,386)"
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> "21,557,306 "
<OVERDISTRIB-NII-PRIOR> "(1,638,777)"
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(8,343,341)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(20,456,224)"
<AVERAGE-NET-ASSETS> "938,469,710 "
<PER-SHARE-NAV-BEGIN> 28.88
<PER-SHARE-NII> (0.14)
<PER-SHARE-GAIN-APPREC> 1.18
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<PER-SHARE-DISTRIBUTIONS> (0.78)
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<PER-SHARE-NAV-END> 29.14
<EXPENSE-RATIO> 2.18
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 103
<NAME> EVERGREEN GROWTH & INCOME FUND CLASS C
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JULY-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JULY-31-1999
<INVESTMENTS-AT-COST> "1,311,730,054 "
<INVESTMENTS-AT-VALUE> "1,806,852,237 "
<RECEIVABLES> "34,883,176 "
<ASSETS-OTHER> "49,749 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "1,841,785,162 "
<PAYABLE-FOR-SECURITIES> "21,257,822 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "8,306,876 "
<TOTAL-LIABILITIES> "29,564,698 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "30,660,580 "
<SHARES-COMMON-STOCK> "1,253,612 "
<SHARES-COMMON-PRIOR> "1,627,989 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "(212,362)"
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> "(172,446)"
<ACCUM-APPREC-OR-DEPREC> "6,252,977 "
<NET-ASSETS> "36,528,749 "
<DIVIDEND-INCOME> "565,374 "
<INTEREST-INCOME> "208,316 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(957,023)"
<NET-INVESTMENT-INCOME> "(183,333)"
<REALIZED-GAINS-CURRENT> "182,093 "
<APPREC-INCREASE-CURRENT> "1,363,907 "
<NET-CHANGE-FROM-OPS> "1,362,667 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> "(1,332,807)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "414,303 "
<NUMBER-OF-SHARES-REDEEMED> "(942,556)"
<SHARES-REINVESTED> "45,443 "
<NET-CHANGE-IN-ASSETS> "(13,631,488)"
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> "1,024,140 "
<OVERDISTRIB-NII-PRIOR> "(74,900)"
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(390,520)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(958,945)"
<AVERAGE-NET-ASSETS> "43,959,414 "
<PER-SHARE-NAV-BEGIN> 28.89
<PER-SHARE-NII> (0.16)
<PER-SHARE-GAIN-APPREC> 1.19
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.78)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 29.14
<EXPENSE-RATIO> 2.18
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 104
<NAME> EVERGREEN GROWTH & INCOME FUND CLASS Y
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JULY-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JULY-31-1999
<INVESTMENTS-AT-COST> "1,311,730,054 "
<INVESTMENTS-AT-VALUE> "1,806,852,237 "
<RECEIVABLES> "34,883,176 "
<ASSETS-OTHER> "49,749 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "1,841,785,162 "
<PAYABLE-FOR-SECURITIES> "21,257,822 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "8,306,876 "
<TOTAL-LIABILITIES> "29,564,698 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "330,896,946 "
<SHARES-COMMON-STOCK> "21,390,083 "
<SHARES-COMMON-PRIOR> "26,396,915 "
<ACCUMULATED-NII-CURRENT> "3,997,089 "
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> "9,508,223 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "289,866,889 "
<NET-ASSETS> "634,269,147 "
<DIVIDEND-INCOME> "9,246,573 "
<INTEREST-INCOME> "3,319,500 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(8,445,565)"
<NET-INVESTMENT-INCOME> "4,120,508 "
<REALIZED-GAINS-CURRENT> "3,163,959 "
<APPREC-INCREASE-CURRENT> "23,123,598 "
<NET-CHANGE-FROM-OPS> "30,408,065 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(2,594,824)"
<DISTRIBUTIONS-OF-GAINS> "(20,777,901)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "2,753,486 "
<NUMBER-OF-SHARES-REDEEMED> "(9,565,395)"
<SHARES-REINVESTED> "753,230 "
<NET-CHANGE-IN-ASSETS> "(167,075,933)"
<ACCUMULATED-NII-PRIOR> "1,722,031 "
<ACCUMULATED-GAINS-PRIOR> "27,871,538 "
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(6,380,978)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(8,476,965)"
<AVERAGE-NET-ASSETS> "718,118,577 "
<PER-SHARE-NAV-BEGIN> 29.19
<PER-SHARE-NII> 0.19
<PER-SHARE-GAIN-APPREC> 1.15
<PER-SHARE-DIVIDEND> (0.10)
<PER-SHARE-DISTRIBUTIONS> (0.78)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 29.65
<EXPENSE-RATIO> 1.18
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN INCOME AND GROWTH FUND CLASS A
<PERIOD-TYPE> #VALUE!
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> AUG-1-1999
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> "974,110,899 "
<INVESTMENTS-AT-VALUE> "1,065,888,853 "
<RECEIVABLES> "24,130,451 "
<ASSETS-OTHER> "989,612 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "1,091,008,916 "
<PAYABLE-FOR-SECURITIES> "19,213,144 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "1,136,250 "
<TOTAL-LIABILITIES> "20,349,394 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "33,309,694 "
<SHARES-COMMON-STOCK> "1,582,163 "
<SHARES-COMMON-PRIOR> "647,121 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "(23,031)"
<ACCUMULATED-NET-GAINS> "469,032 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "1,957,898 "
<NET-ASSETS> "35,713,593 "
<DIVIDEND-INCOME> "763,776 "
<INTEREST-INCOME> "38,095 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(199,490)"
<NET-INVESTMENT-INCOME> "602,381 "
<REALIZED-GAINS-CURRENT> "543,045 "
<APPREC-INCREASE-CURRENT> "368,612 "
<NET-CHANGE-FROM-OPS> "1,514,038 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "590,960 "
<DISTRIBUTIONS-OF-GAINS> "1,297,466 "
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "1,543,117 "
<NUMBER-OF-SHARES-REDEEMED> "(692,292)"
<SHARES-REINVESTED> "84,216 "
<NET-CHANGE-IN-ASSETS> "24,485,019 "
<ACCUMULATED-NII-PRIOR> "130,442 "
<ACCUMULATED-GAINS-PRIOR> "1,061,146 "
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(135,114)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(200,376)"
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 23.19
<PER-SHARE-NII> 0.94
<PER-SHARE-GAIN-APPREC> 1.50
<PER-SHARE-DIVIDEND> (0.93)
<PER-SHARE-DISTRIBUTIONS> (2.13)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 22.57
<EXPENSE-RATIO> 1.46
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 102
<NAME> EVERGREEN INCOME AND GROWTH FUND CLASS B
<PERIOD-TYPE> #VALUE!
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> AUG-1-1999
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> "974,110,899 "
<INVESTMENTS-AT-VALUE> "1,065,888,853 "
<RECEIVABLES> "24,130,451 "
<ASSETS-OTHER> "989,612 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "1,091,008,916 "
<PAYABLE-FOR-SECURITIES> "19,213,144 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "1,136,250 "
<TOTAL-LIABILITIES> "20,349,394 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "175,201,125 "
<SHARES-COMMON-STOCK> "8,273,187 "
<SHARES-COMMON-PRIOR> "2,367,514 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "(289,327)"
<ACCUMULATED-NET-GAINS> "1,354,447 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "8,910,967 "
<NET-ASSETS> "185,177,212 "
<DIVIDEND-INCOME> "2,803,519 "
<INTEREST-INCOME> "142,159 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(1,116,954)"
<NET-INVESTMENT-INCOME> "1,828,724 "
<REALIZED-GAINS-CURRENT> "1,996,190 "
<APPREC-INCREASE-CURRENT> "1,410,535 "
<NET-CHANGE-FROM-OPS> "5,235,449 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "1,904,614 "
<DISTRIBUTIONS-OF-GAINS> "4,982,320 "
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "6,282,734 "
<NUMBER-OF-SHARES-REDEEMED> "(684,457)"
<SHARES-REINVESTED> "307,396 "
<NET-CHANGE-IN-ASSETS> "144,406,653 "
<ACCUMULATED-NII-PRIOR> "395,645 "
<ACCUMULATED-GAINS-PRIOR> "3,741,048 "
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(499,271)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(1,120,228)"
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 23.04
<PER-SHARE-NII> 0.76
<PER-SHARE-GAIN-APPREC> 1.51
<PER-SHARE-DIVIDEND> (0.80)
<PER-SHARE-DISTRIBUTIONS> (2.13)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 22.38
<EXPENSE-RATIO> 2.21
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 103
<NAME> EVERGREEN INCOME AND GROWTH FUND CLASS C
<PERIOD-TYPE> #VALUE!
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> AUG-1-1999
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> "974,110,899 "
<INVESTMENTS-AT-VALUE> "1,065,888,853 "
<RECEIVABLES> "24,130,451 "
<ASSETS-OTHER> "989,612 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "1,091,008,916 "
<PAYABLE-FOR-SECURITIES> "19,213,144 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "1,136,250 "
<TOTAL-LIABILITIES> "20,349,394 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "2,290,600 "
<SHARES-COMMON-STOCK> "111,795 "
<SHARES-COMMON-PRIOR> "54,643 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "(8,553)"
<ACCUMULATED-NET-GAINS> "50,324 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "169,988 "
<NET-ASSETS> "2,502,359 "
<DIVIDEND-INCOME> "59,604 "
<INTEREST-INCOME> "3,024 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(23,783)"
<NET-INVESTMENT-INCOME> "38,845 "
<REALIZED-GAINS-CURRENT> "40,728 "
<APPREC-INCREASE-CURRENT> "20,724 "
<NET-CHANGE-FROM-OPS> "100,297 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "40,664 "
<DISTRIBUTIONS-OF-GAINS> "108,434 "
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "75,183 "
<NUMBER-OF-SHARES-REDEEMED> "(24,103)"
<SHARES-REINVESTED> "6,072 "
<NET-CHANGE-IN-ASSETS> "1,541,587 "
<ACCUMULATED-NII-PRIOR> "6,231 "
<ACCUMULATED-GAINS-PRIOR> "105,268 "
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(10,620)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(23,853)"
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 23.04
<PER-SHARE-NII> 0.76
<PER-SHARE-GAIN-APPREC> 1.51
<PER-SHARE-DIVIDEND> (0.80)
<PER-SHARE-DISTRIBUTIONS> (2.13)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 22.38
<EXPENSE-RATIO> 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 104
<NAME> EVERGREEN INCOME AND GROWTH FUND CLASS Y
<PERIOD-TYPE> #VALUE!
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> AUG-1-1999
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> "974,110,899 "
<INVESTMENTS-AT-VALUE> "1,065,888,853 "
<RECEIVABLES> "24,130,451 "
<ASSETS-OTHER> "989,612 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "1,091,008,916 "
<PAYABLE-FOR-SECURITIES> "19,213,144 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "1,136,250 "
<TOTAL-LIABILITIES> "20,349,394 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "749,610,612 "
<SHARES-COMMON-STOCK> "37,516,674 "
<SHARES-COMMON-PRIOR> "37,891,181 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "2,300,864 "
<ACCUMULATED-NET-GAINS> "14,615,791 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "80,739,091 "
<NET-ASSETS> "847,266,358 "
<DIVIDEND-INCOME> "44,849,229 "
<INTEREST-INCOME> "2,273,809 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(9,765,040)"
<NET-INVESTMENT-INCOME> "37,357,998 "
<REALIZED-GAINS-CURRENT> "32,611,769 "
<APPREC-INCREASE-CURRENT> "22,105,336 "
<NET-CHANGE-FROM-OPS> "92,075,103 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "38,238,097 "
<DISTRIBUTIONS-OF-GAINS> "79,113,403 "
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "1,749,603 "
<NUMBER-OF-SHARES-REDEEMED> "(7,163,498)"
<SHARES-REINVESTED> "5,039,388 "
<NET-CHANGE-IN-ASSETS> "202,124,352 "
<ACCUMULATED-NII-PRIOR> "12,927,439 "
<ACCUMULATED-GAINS-PRIOR> "51,523,813 "
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(7,989,031)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(9,817,425)"
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 23.22
<PER-SHARE-NII> 0.99
<PER-SHARE-GAIN-APPREC> 1.52
<PER-SHARE-DIVIDEND> (1.02)
<PER-SHARE-DISTRIBUTIONS> (2.13)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 22.58
<EXPENSE-RATIO> 12.46
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN VALUE FUND CLASS A
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> "726,521,931 "
<INVESTMENTS-AT-VALUE> "931,911,870 "
<RECEIVABLES> "1,998,357 "
<ASSETS-OTHER> "43,305 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "933,953,532 "
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "1,910,232 "
<TOTAL-LIABILITIES> "1,910,232 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "377,108,286 "
<SHARES-COMMON-STOCK> "18,661,243 "
<SHARES-COMMON-PRIOR> "21,422,851 "
<ACCUMULATED-NII-CURRENT> "430,853 "
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> "24,463,814 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "61,948,788 "
<NET-ASSETS> "463,951,741 "
<DIVIDEND-INCOME> "7,984,863 "
<INTEREST-INCOME> "924,891 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(4,611,181)"
<NET-INVESTMENT-INCOME> "4,298,573 "
<REALIZED-GAINS-CURRENT> "58,222,487 "
<APPREC-INCREASE-CURRENT> "(4,606,531)"
<NET-CHANGE-FROM-OPS> "57,914,529 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(4,093,423)"
<DISTRIBUTIONS-OF-GAINS> "(2,706,113)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "1,304,364 "
<NUMBER-OF-SHARES-REDEEMED> "(4,351,247)"
<SHARES-REINVESTED> "285,275 "
<NET-CHANGE-IN-ASSETS> "(12,217,770)"
<ACCUMULATED-NII-PRIOR> "251,459 "
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> "(24,861,140)"
<GROSS-ADVISORY-FEES> "(2,310,080)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(4,611,181)"
<AVERAGE-NET-ASSETS> "461,980,141 "
<PER-SHARE-NAV-BEGIN> 22.23
<PER-SHARE-NII> 0.21
<PER-SHARE-GAIN-APPREC> 2.76
<PER-SHARE-DIVIDEND> (0.21)
<PER-SHARE-DISTRIBUTIONS> (0.13)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 24.86
<EXPENSE-RATIO> 1.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN VALUE FUND CLASS A
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> "726,521,931 "
<INVESTMENTS-AT-VALUE> "931,911,870 "
<RECEIVABLES> "1,998,357 "
<ASSETS-OTHER> "43,305 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "933,953,532 "
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "1,910,232 "
<TOTAL-LIABILITIES> "1,910,232 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "377,108,286 "
<SHARES-COMMON-STOCK> "18,661,243 "
<SHARES-COMMON-PRIOR> "21,422,851 "
<ACCUMULATED-NII-CURRENT> "430,853 "
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> "24,463,814 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "61,948,788 "
<NET-ASSETS> "463,951,741 "
<DIVIDEND-INCOME> "7,984,863 "
<INTEREST-INCOME> "924,891 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(4,611,181)"
<NET-INVESTMENT-INCOME> "4,298,573 "
<REALIZED-GAINS-CURRENT> "58,222,487 "
<APPREC-INCREASE-CURRENT> "(4,606,531)"
<NET-CHANGE-FROM-OPS> "57,914,529 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(4,093,423)"
<DISTRIBUTIONS-OF-GAINS> "(2,706,113)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "1,304,364 "
<NUMBER-OF-SHARES-REDEEMED> "(4,351,247)"
<SHARES-REINVESTED> "285,275 "
<NET-CHANGE-IN-ASSETS> "(12,217,770)"
<ACCUMULATED-NII-PRIOR> "251,459 "
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> "(24,861,140)"
<GROSS-ADVISORY-FEES> "(2,310,080)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(4,611,181)"
<AVERAGE-NET-ASSETS> "461,980,141 "
<PER-SHARE-NAV-BEGIN> 22.23
<PER-SHARE-NII> 0.21
<PER-SHARE-GAIN-APPREC> 2.76
<PER-SHARE-DIVIDEND> (0.21)
<PER-SHARE-DISTRIBUTIONS> (0.13)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 24.86
<EXPENSE-RATIO> 1.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN VALUE FUND CLASS A
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> "726,521,931 "
<INVESTMENTS-AT-VALUE> "931,911,870 "
<RECEIVABLES> "1,998,357 "
<ASSETS-OTHER> "43,305 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "933,953,532 "
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "1,910,232 "
<TOTAL-LIABILITIES> "1,910,232 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "377,108,286 "
<SHARES-COMMON-STOCK> "18,661,243 "
<SHARES-COMMON-PRIOR> "21,422,851 "
<ACCUMULATED-NII-CURRENT> "430,853 "
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> "24,463,814 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "61,948,788 "
<NET-ASSETS> "463,951,741 "
<DIVIDEND-INCOME> "7,984,863 "
<INTEREST-INCOME> "924,891 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(4,611,181)"
<NET-INVESTMENT-INCOME> "4,298,573 "
<REALIZED-GAINS-CURRENT> "58,222,487 "
<APPREC-INCREASE-CURRENT> "(4,606,531)"
<NET-CHANGE-FROM-OPS> "57,914,529 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(4,093,423)"
<DISTRIBUTIONS-OF-GAINS> "(2,706,113)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "1,304,364 "
<NUMBER-OF-SHARES-REDEEMED> "(4,351,247)"
<SHARES-REINVESTED> "285,275 "
<NET-CHANGE-IN-ASSETS> "(12,217,770)"
<ACCUMULATED-NII-PRIOR> "251,459 "
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> "(24,861,140)"
<GROSS-ADVISORY-FEES> "(2,310,080)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(4,611,181)"
<AVERAGE-NET-ASSETS> "461,980,141 "
<PER-SHARE-NAV-BEGIN> 22.23
<PER-SHARE-NII> 0.21
<PER-SHARE-GAIN-APPREC> 2.76
<PER-SHARE-DIVIDEND> (0.21)
<PER-SHARE-DISTRIBUTIONS> (0.13)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 24.86
<EXPENSE-RATIO> 1.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN VALUE FUND CLASS A
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> "726,521,931 "
<INVESTMENTS-AT-VALUE> "931,911,870 "
<RECEIVABLES> "1,998,357 "
<ASSETS-OTHER> "43,305 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "933,953,532 "
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "1,910,232 "
<TOTAL-LIABILITIES> "1,910,232 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "377,108,286 "
<SHARES-COMMON-STOCK> "18,661,243 "
<SHARES-COMMON-PRIOR> "21,422,851 "
<ACCUMULATED-NII-CURRENT> "430,853 "
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> "24,463,814 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "61,948,788 "
<NET-ASSETS> "463,951,741 "
<DIVIDEND-INCOME> "7,984,863 "
<INTEREST-INCOME> "924,891 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(4,611,181)"
<NET-INVESTMENT-INCOME> "4,298,573 "
<REALIZED-GAINS-CURRENT> "58,222,487 "
<APPREC-INCREASE-CURRENT> "(4,606,531)"
<NET-CHANGE-FROM-OPS> "57,914,529 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(4,093,423)"
<DISTRIBUTIONS-OF-GAINS> "(2,706,113)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "1,304,364 "
<NUMBER-OF-SHARES-REDEEMED> "(4,351,247)"
<SHARES-REINVESTED> "285,275 "
<NET-CHANGE-IN-ASSETS> "(12,217,770)"
<ACCUMULATED-NII-PRIOR> "251,459 "
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> "(24,861,140)"
<GROSS-ADVISORY-FEES> "(2,310,080)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(4,611,181)"
<AVERAGE-NET-ASSETS> "461,980,141 "
<PER-SHARE-NAV-BEGIN> 22.23
<PER-SHARE-NII> 0.21
<PER-SHARE-GAIN-APPREC> 2.76
<PER-SHARE-DIVIDEND> (0.21)
<PER-SHARE-DISTRIBUTIONS> (0.13)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 24.86
<EXPENSE-RATIO> 1.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN UTILITY FUND CLASS A
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> SEP-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> "125,513,046 "
<INVESTMENTS-AT-VALUE> "165,905,662 "
<RECEIVABLES> "593,811 "
<ASSETS-OTHER> "26,178 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "166,525,651 "
<PAYABLE-FOR-SECURITIES> "67,223 "
<SENIOR-LONG-TERM-DEBT> "206,941 "
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> "274,164 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "74,285,673 "
<SHARES-COMMON-STOCK> "8,435,019 "
<SHARES-COMMON-PRIOR> "8,104,712 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "(32,058)"
<ACCUMULATED-NET-GAINS> "5,157,368 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "28,999,522 "
<NET-ASSETS> "108,410,505 "
<DIVIDEND-INCOME> "4,319,079 "
<INTEREST-INCOME> "223,066 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(1,003,047)"
<NET-INVESTMENT-INCOME> "3,539,098 "
<REALIZED-GAINS-CURRENT> "4,422,193 "
<APPREC-INCREASE-CURRENT> "15,203,223 "
<NET-CHANGE-FROM-OPS> "23,164,514 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "3,518,062 "
<DISTRIBUTIONS-OF-GAINS> "10,191,078 "
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "441,217 "
<NUMBER-OF-SHARES-REDEEMED> "(1,117,587)"
<SHARES-REINVESTED> "1,006,677 "
<NET-CHANGE-IN-ASSETS> "40,528,708 "
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> "15,024,985 "
<OVERDISTRIB-NII-PRIOR> "(24,478)"
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(491,048)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(1,008,514)"
<AVERAGE-NET-ASSETS> "98,217,084 "
<PER-SHARE-NAV-BEGIN> 11.76
<PER-SHARE-NII> 0.42
<PER-SHARE-GAIN-APPREC> 2.37
<PER-SHARE-DIVIDEND> (0.42)
<PER-SHARE-DISTRIBUTIONS> (1.28)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.85
<EXPENSE-RATIO> 1.03
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 102
<NAME> EVERGREEN UTILITY FUND CLASS B
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> SEP-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> "125,513,046 "
<INVESTMENTS-AT-VALUE> "165,905,662 "
<RECEIVABLES> "593,811 "
<ASSETS-OTHER> "26,178 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "166,525,651 "
<PAYABLE-FOR-SECURITIES> "67,223 "
<SENIOR-LONG-TERM-DEBT> "206,941 "
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> "274,164 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "42,910,424 "
<SHARES-COMMON-STOCK> "4,265,948 "
<SHARES-COMMON-PRIOR> "3,721,068 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "(19,740)"
<ACCUMULATED-NET-GAINS> "1,570,345 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "10,378,083 "
<NET-ASSETS> "54,839,112 "
<DIVIDEND-INCOME> "2,092,418 "
<INTEREST-INCOME> "107,767 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(843,638)"
<NET-INVESTMENT-INCOME> "1,356,547 "
<REALIZED-GAINS-CURRENT> "2,185,921 "
<APPREC-INCREASE-CURRENT> "7,467,297 "
<NET-CHANGE-FROM-OPS> "11,009,765 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "1,359,833 "
<DISTRIBUTIONS-OF-GAINS> "4,842,643 "
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "704,486 "
<NUMBER-OF-SHARES-REDEEMED> "(662,152)"
<SHARES-REINVESTED> "502,546 "
<NET-CHANGE-IN-ASSETS> "23,468,345 "
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> "5,297,492 "
<OVERDISTRIB-NII-PRIOR> "(1,742)"
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(238,212)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(846,288)"
<AVERAGE-NET-ASSETS> "47,633,061 "
<PER-SHARE-NAV-BEGIN> 11.76
<PER-SHARE-NII> 0.34
<PER-SHARE-GAIN-APPREC> 2.37
<PER-SHARE-DIVIDEND> (0.33)
<PER-SHARE-DISTRIBUTIONS> (1.28)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.86
<EXPENSE-RATIO> 1.78
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 103
<NAME> EVERGREEN UTILITY FUND CLASS C
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> SEP-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> "125,513,046 "
<INVESTMENTS-AT-VALUE> "165,905,662 "
<RECEIVABLES> "593,811 "
<ASSETS-OTHER> "26,178 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "166,525,651 "
<PAYABLE-FOR-SECURITIES> "67,223 "
<SENIOR-LONG-TERM-DEBT> "206,941 "
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> "274,164 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "746,083 "
<SHARES-COMMON-STOCK> "68,324 "
<SHARES-COMMON-PRIOR> "41,291 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (592)
<ACCUMULATED-NET-GAINS> "13,087 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "120,090 "
<NET-ASSETS> "878,668 "
<DIVIDEND-INCOME> "26,301 "
<INTEREST-INCOME> "1,354 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(10,833)"
<NET-INVESTMENT-INCOME> "16,822 "
<REALIZED-GAINS-CURRENT> "21,561 "
<APPREC-INCREASE-CURRENT> "105,579 "
<NET-CHANGE-FROM-OPS> "143,962 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "16,980 "
<DISTRIBUTIONS-OF-GAINS> "52,067 "
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "162,138 "
<NUMBER-OF-SHARES-REDEEMED> "(140,732)"
<SHARES-REINVESTED> "5,627 "
<NET-CHANGE-IN-ASSETS> "530,984 "
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> "47,132 "
<OVERDISTRIB-NII-PRIOR> (229)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(3,054)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(10,867)"
<AVERAGE-NET-ASSETS> "612,886 "
<PER-SHARE-NAV-BEGIN> 11.76
<PER-SHARE-NII> 0.34
<PER-SHARE-GAIN-APPREC> 2.37
<PER-SHARE-DIVIDEND> (0.33)
<PER-SHARE-DISTRIBUTIONS> (1.28)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.86
<EXPENSE-RATIO> 1.77
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 104
<NAME> EVERGREEN UTILITY FUND CLASS Y
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> SEP-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> "125,513,046 "
<INVESTMENTS-AT-VALUE> "165,905,662 "
<RECEIVABLES> "593,811 "
<ASSETS-OTHER> "26,178 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "166,525,651 "
<PAYABLE-FOR-SECURITIES> "67,223 "
<SENIOR-LONG-TERM-DEBT> "206,941 "
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> "274,164 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "1,160,813 "
<SHARES-COMMON-STOCK> "165,161 "
<SHARES-COMMON-PRIOR> "144,020 "
<ACCUMULATED-NII-CURRENT> 54
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> "67,414 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "894,921 "
<NET-ASSETS> "2,123,202 "
<DIVIDEND-INCOME> "117,855 "
<INTEREST-INCOME> "5,972 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(20,278)"
<NET-INVESTMENT-INCOME> "103,549 "
<REALIZED-GAINS-CURRENT> "122,581 "
<APPREC-INCREASE-CURRENT> "443,608 "
<NET-CHANGE-FROM-OPS> "669,738 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "101,180 "
<DISTRIBUTIONS-OF-GAINS> "304,419 "
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "182,271 "
<NUMBER-OF-SHARES-REDEEMED> "(168,716)"
<SHARES-REINVESTED> "7,587 "
<NET-CHANGE-IN-ASSETS> "1,239,661 "
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> "574,662 "
<OVERDISTRIB-NII-PRIOR> "(1,430)"
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(13,196)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(20,425)"
<AVERAGE-NET-ASSETS> "2,639,003 "
<PER-SHARE-NAV-BEGIN> 11.77
<PER-SHARE-NII> 0.49
<PER-SHARE-GAIN-APPREC> 2.33
<PER-SHARE-DIVIDEND> (0.45)
<PER-SHARE-DISTRIBUTIONS> (1.28)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.86
<EXPENSE-RATIO> 0.77
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN SMALL CAP VALUE FUND CLASS A
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> "238,287,658 "
<INVESTMENTS-AT-VALUE> "247,003,562 "
<RECEIVABLES> "5,267,456 "
<ASSETS-OTHER> "48,514 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "252,319,532 "
<PAYABLE-FOR-SECURITIES> "1,132,944 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "1,180,554 "
<TOTAL-LIABILITIES> "2,313,498 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "63,069,220 "
<SHARES-COMMON-STOCK> "3,819,118 "
<SHARES-COMMON-PRIOR> "3,436,877 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "(37,086)"
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> "(5,549,812)"
<ACCUM-APPREC-OR-DEPREC> "1,968,841 "
<NET-ASSETS> "59,451,163 "
<DIVIDEND-INCOME> "1,608,532 "
<INTEREST-INCOME> "490,434 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(990,610)"
<NET-INVESTMENT-INCOME> "1,108,356 "
<REALIZED-GAINS-CURRENT> "(5,267,342)"
<APPREC-INCREASE-CURRENT> "7,044,685 "
<NET-CHANGE-FROM-OPS> "2,885,699 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(1,241,862)"
<DISTRIBUTIONS-OF-GAINS> "(792,880)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "10,211,013 "
<NUMBER-OF-SHARES-REDEEMED> "(9,965,619)"
<SHARES-REINVESTED> "136,847 "
<NET-CHANGE-IN-ASSETS> "5,308,981 "
<ACCUMULATED-NII-PRIOR> "29,029 "
<ACCUMULATED-GAINS-PRIOR> "482,650 "
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(598,586)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(997,014)"
<AVERAGE-NET-ASSETS> "59,875,184 "
<PER-SHARE-NAV-BEGIN> 15.75
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> 0.04
<PER-SHARE-DIVIDEND> (0.30)
<PER-SHARE-DISTRIBUTIONS> (0.18)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.57
<EXPENSE-RATIO> 1.67
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 102
<NAME> EVERGREEN SMALL CAP VALUE FUND CLASS B
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> "238,287,658 "
<INVESTMENTS-AT-VALUE> "247,003,562 "
<RECEIVABLES> "5,267,456 "
<ASSETS-OTHER> "48,514 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "252,319,532 "
<PAYABLE-FOR-SECURITIES> "1,132,944 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "1,180,554 "
<TOTAL-LIABILITIES> "2,313,498 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "121,046,437 "
<SHARES-COMMON-STOCK> "7,158,242 "
<SHARES-COMMON-PRIOR> "8,307,846 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "(108,493)"
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> "(10,700,712)"
<ACCUM-APPREC-OR-DEPREC> "571,905 "
<NET-ASSETS> "110,809,137 "
<DIVIDEND-INCOME> "3,227,505 "
<INTEREST-INCOME> "996,717 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(2,858,607)"
<NET-INVESTMENT-INCOME> "1,365,615 "
<REALIZED-GAINS-CURRENT> "(10,294,624)"
<APPREC-INCREASE-CURRENT> "6,607,947 "
<NET-CHANGE-FROM-OPS> "(2,321,062)"
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(1,599,604)"
<DISTRIBUTIONS-OF-GAINS> "(1,601,327)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "2,288,743 "
<NUMBER-OF-SHARES-REDEEMED> "(3,651,629)"
<SHARES-REINVESTED> "213,282 "
<NET-CHANGE-IN-ASSETS> "(19,382,302)"
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> "1,140,254 "
<OVERDISTRIB-NII-PRIOR> "(7,985)"
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(1,186,598)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(2,871,293)"
<AVERAGE-NET-ASSETS> "118,598,377 "
<PER-SHARE-NAV-BEGIN> 15.67
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> 0.02
<PER-SHARE-DIVIDEND> (0.19)
<PER-SHARE-DISTRIBUTIONS> (0.18)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.48
<EXPENSE-RATIO> 2.42
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 103
<NAME> EVERGREEN SMALL CAP VALUE FUND CLASS C
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> "238,287,658 "
<INVESTMENTS-AT-VALUE> "247,003,562 "
<RECEIVABLES> "5,267,456 "
<ASSETS-OTHER> "48,514 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "252,319,532 "
<PAYABLE-FOR-SECURITIES> "1,132,944 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "1,180,554 "
<TOTAL-LIABILITIES> "2,313,498 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "24,822,894 "
<SHARES-COMMON-STOCK> "1,477,150 "
<SHARES-COMMON-PRIOR> "1,673,076 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "(20,082)"
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> "(2,111,388)"
<ACCUM-APPREC-OR-DEPREC> "151,054 "
<NET-ASSETS> "22,842,478 "
<DIVIDEND-INCOME> "652,509 "
<INTEREST-INCOME> "201,519 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(578,485)"
<NET-INVESTMENT-INCOME> "275,543 "
<REALIZED-GAINS-CURRENT> "(2,056,171)"
<APPREC-INCREASE-CURRENT> "1,622,905 "
<NET-CHANGE-FROM-OPS> "(157,723)"
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(319,899)"
<DISTRIBUTIONS-OF-GAINS> "(315,684)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "709,408 "
<NUMBER-OF-SHARES-REDEEMED> "(947,075)"
<SHARES-REINVESTED> "41,741 "
<NET-CHANGE-IN-ASSETS> "(3,354,423)"
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> "249,343 "
<OVERDISTRIB-NII-PRIOR> "(2,730)"
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(240,052)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(581,051)"
<AVERAGE-NET-ASSETS> "23,993,645 "
<PER-SHARE-NAV-BEGIN> 15.66
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> (0.19)
<PER-SHARE-DISTRIBUTIONS> (0.18)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.46
<EXPENSE-RATIO> 2.42
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 104
<NAME> EVERGREEN SMALL CAP VALUE FUND CLASS Y
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> "238,287,658 "
<INVESTMENTS-AT-VALUE> "247,003,562 "
<RECEIVABLES> "5,267,456 "
<ASSETS-OTHER> "48,514 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "252,319,532 "
<PAYABLE-FOR-SECURITIES> "1,132,944 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "1,180,554 "
<TOTAL-LIABILITIES> "2,313,498 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "56,160,714 "
<SHARES-COMMON-STOCK> "3,653,589 "
<SHARES-COMMON-PRIOR> "6,124,137 "
<ACCUMULATED-NII-CURRENT> "154,048 "
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> "(5,435,610)"
<ACCUM-APPREC-OR-DEPREC> "6,024,104 "
<NET-ASSETS> "56,903,256 "
<DIVIDEND-INCOME> "2,033,976 "
<INTEREST-INCOME> "636,851 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(1,045,357)"
<NET-INVESTMENT-INCOME> "1,625,470 "
<REALIZED-GAINS-CURRENT> "(6,348,893)"
<APPREC-INCREASE-CURRENT> "3,782,298 "
<NET-CHANGE-FROM-OPS> "(941,125)"
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(1,709,875)"
<DISTRIBUTIONS-OF-GAINS> "(998,252)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "1,069,945 "
<NUMBER-OF-SHARES-REDEEMED> "(3,645,558)"
<SHARES-REINVESTED> "105,065 "
<NET-CHANGE-IN-ASSETS> "(39,652,305)"
<ACCUMULATED-NII-PRIOR> "155,048 "
<ACCUMULATED-GAINS-PRIOR> "1,877,182 "
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(740,430)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(1,053,284)"
<AVERAGE-NET-ASSETS> "74,099,536 "
<PER-SHARE-NAV-BEGIN> 15.77
<PER-SHARE-NII> 0.33
<PER-SHARE-GAIN-APPREC> (0.02)
<PER-SHARE-DIVIDEND> (0.33)
<PER-SHARE-DISTRIBUTIONS> (0.18)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.57
<EXPENSE-RATIO> 1.42
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN EQUITY INCOME FUND CLASS A
<PERIOD-TYPE> #VALUE!
<FISCAL-YEAR-END> #VALUE!
<PERIOD-START> #VALUE!
<PERIOD-END> #VALUE!
<INVESTMENTS-AT-COST> "120,408,959 "
<INVESTMENTS-AT-VALUE> "148,233,058 "
<RECEIVABLES> "1,676,585 "
<ASSETS-OTHER> "80,001 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "149,989,644 "
<PAYABLE-FOR-SECURITIES> "325,449 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "3,800,165 "
<TOTAL-LIABILITIES> "4,125,614 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "27,108,397 "
<SHARES-COMMON-STOCK> "2,488,965 "
<SHARES-COMMON-PRIOR> "2,432,921 "
<ACCUMULATED-NII-CURRENT> "228,584 "
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> "7,111,957 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "15,764,093 "
<NET-ASSETS> "50,213,031 "
<DIVIDEND-INCOME> "1,218,376 "
<INTEREST-INCOME> "217,999 "
<OTHER-INCOME> "6,367 "
<EXPENSES-NET> "(591,684)"
<NET-INVESTMENT-INCOME> "851,058 "
<REALIZED-GAINS-CURRENT> "7,484,960 "
<APPREC-INCREASE-CURRENT> "(4,307,388)"
<NET-CHANGE-FROM-OPS> "4,028,630 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(740,343)"
<DISTRIBUTIONS-OF-GAINS> "(6,542,911)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "377,792 "
<NUMBER-OF-SHARES-REDEEMED> "(751,644)"
<SHARES-REINVESTED> "429,896 "
<NET-CHANGE-IN-ASSETS> "(2,454,203)"
<ACCUMULATED-NII-PRIOR> "214,871 "
<ACCUMULATED-GAINS-PRIOR> "6,151,377 "
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(317,774)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(593,944)"
<AVERAGE-NET-ASSETS> "50,815,411 "
<PER-SHARE-NAV-BEGIN> 21.65
<PER-SHARE-NII> 0.33
<PER-SHARE-GAIN-APPREC> 1.22
<PER-SHARE-DIVIDEND> (0.29)
<PER-SHARE-DISTRIBUTIONS> (2.74)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 20.17
<EXPENSE-RATIO> 1.17
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN EQUITY INCOME FUND CLASS A
<PERIOD-TYPE> #VALUE!
<FISCAL-YEAR-END> #VALUE!
<PERIOD-START> #VALUE!
<PERIOD-END> #VALUE!
<INVESTMENTS-AT-COST> "120,408,959 "
<INVESTMENTS-AT-VALUE> "148,233,058 "
<RECEIVABLES> "1,676,585 "
<ASSETS-OTHER> "80,001 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "149,989,644 "
<PAYABLE-FOR-SECURITIES> "325,449 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "3,800,165 "
<TOTAL-LIABILITIES> "4,125,614 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "27,108,397 "
<SHARES-COMMON-STOCK> "2,488,965 "
<SHARES-COMMON-PRIOR> "2,432,921 "
<ACCUMULATED-NII-CURRENT> "228,584 "
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> "7,111,957 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "15,764,093 "
<NET-ASSETS> "50,213,031 "
<DIVIDEND-INCOME> "1,218,376 "
<INTEREST-INCOME> "217,999 "
<OTHER-INCOME> "6,367 "
<EXPENSES-NET> "(591,684)"
<NET-INVESTMENT-INCOME> "851,058 "
<REALIZED-GAINS-CURRENT> "7,484,960 "
<APPREC-INCREASE-CURRENT> "(4,307,388)"
<NET-CHANGE-FROM-OPS> "4,028,630 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(740,343)"
<DISTRIBUTIONS-OF-GAINS> "(6,542,911)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "377,792 "
<NUMBER-OF-SHARES-REDEEMED> "(751,644)"
<SHARES-REINVESTED> "429,896 "
<NET-CHANGE-IN-ASSETS> "(2,454,203)"
<ACCUMULATED-NII-PRIOR> "214,871 "
<ACCUMULATED-GAINS-PRIOR> "6,151,377 "
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(317,774)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(593,944)"
<AVERAGE-NET-ASSETS> "50,815,411 "
<PER-SHARE-NAV-BEGIN> 21.65
<PER-SHARE-NII> 0.33
<PER-SHARE-GAIN-APPREC> 1.22
<PER-SHARE-DIVIDEND> (0.29)
<PER-SHARE-DISTRIBUTIONS> (2.74)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 20.17
<EXPENSE-RATIO> 1.17
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN EQUITY INCOME FUND CLASS A
<PERIOD-TYPE> #VALUE!
<FISCAL-YEAR-END> #VALUE!
<PERIOD-START> #VALUE!
<PERIOD-END> #VALUE!
<INVESTMENTS-AT-COST> "120,408,959 "
<INVESTMENTS-AT-VALUE> "148,233,058 "
<RECEIVABLES> "1,676,585 "
<ASSETS-OTHER> "80,001 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "149,989,644 "
<PAYABLE-FOR-SECURITIES> "325,449 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "3,800,165 "
<TOTAL-LIABILITIES> "4,125,614 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "27,108,397 "
<SHARES-COMMON-STOCK> "2,488,965 "
<SHARES-COMMON-PRIOR> "2,432,921 "
<ACCUMULATED-NII-CURRENT> "228,584 "
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> "7,111,957 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "15,764,093 "
<NET-ASSETS> "50,213,031 "
<DIVIDEND-INCOME> "1,218,376 "
<INTEREST-INCOME> "217,999 "
<OTHER-INCOME> "6,367 "
<EXPENSES-NET> "(591,684)"
<NET-INVESTMENT-INCOME> "851,058 "
<REALIZED-GAINS-CURRENT> "7,484,960 "
<APPREC-INCREASE-CURRENT> "(4,307,388)"
<NET-CHANGE-FROM-OPS> "4,028,630 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(740,343)"
<DISTRIBUTIONS-OF-GAINS> "(6,542,911)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "377,792 "
<NUMBER-OF-SHARES-REDEEMED> "(751,644)"
<SHARES-REINVESTED> "429,896 "
<NET-CHANGE-IN-ASSETS> "(2,454,203)"
<ACCUMULATED-NII-PRIOR> "214,871 "
<ACCUMULATED-GAINS-PRIOR> "6,151,377 "
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(317,774)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(593,944)"
<AVERAGE-NET-ASSETS> "50,815,411 "
<PER-SHARE-NAV-BEGIN> 21.65
<PER-SHARE-NII> 0.33
<PER-SHARE-GAIN-APPREC> 1.22
<PER-SHARE-DIVIDEND> (0.29)
<PER-SHARE-DISTRIBUTIONS> (2.74)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 20.17
<EXPENSE-RATIO> 1.17
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN EQUITY INCOME FUND CLASS A
<PERIOD-TYPE> #VALUE!
<FISCAL-YEAR-END> #VALUE!
<PERIOD-START> #VALUE!
<PERIOD-END> #VALUE!
<INVESTMENTS-AT-COST> "120,408,959 "
<INVESTMENTS-AT-VALUE> "148,233,058 "
<RECEIVABLES> "1,676,585 "
<ASSETS-OTHER> "80,001 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "149,989,644 "
<PAYABLE-FOR-SECURITIES> "325,449 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "3,800,165 "
<TOTAL-LIABILITIES> "4,125,614 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "27,108,397 "
<SHARES-COMMON-STOCK> "2,488,965 "
<SHARES-COMMON-PRIOR> "2,432,921 "
<ACCUMULATED-NII-CURRENT> "228,584 "
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> "7,111,957 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "15,764,093 "
<NET-ASSETS> "50,213,031 "
<DIVIDEND-INCOME> "1,218,376 "
<INTEREST-INCOME> "217,999 "
<OTHER-INCOME> "6,367 "
<EXPENSES-NET> "(591,684)"
<NET-INVESTMENT-INCOME> "851,058 "
<REALIZED-GAINS-CURRENT> "7,484,960 "
<APPREC-INCREASE-CURRENT> "(4,307,388)"
<NET-CHANGE-FROM-OPS> "4,028,630 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(740,343)"
<DISTRIBUTIONS-OF-GAINS> "(6,542,911)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "377,792 "
<NUMBER-OF-SHARES-REDEEMED> "(751,644)"
<SHARES-REINVESTED> "429,896 "
<NET-CHANGE-IN-ASSETS> "(2,454,203)"
<ACCUMULATED-NII-PRIOR> "214,871 "
<ACCUMULATED-GAINS-PRIOR> "6,151,377 "
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(317,774)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(593,944)"
<AVERAGE-NET-ASSETS> "50,815,411 "
<PER-SHARE-NAV-BEGIN> 21.65
<PER-SHARE-NII> 0.33
<PER-SHARE-GAIN-APPREC> 1.22
<PER-SHARE-DIVIDEND> (0.29)
<PER-SHARE-DISTRIBUTIONS> (2.74)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 20.17
<EXPENSE-RATIO> 1.17
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN BLUE CHIP FUND CLASS A
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> "553,021,869 "
<INVESTMENTS-AT-VALUE> "671,979,701 "
<RECEIVABLES> "17,298,465 "
<ASSETS-OTHER> "179,140 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "689,457,306 "
<PAYABLE-FOR-SECURITIES> "9,193,298 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "38,823,917 "
<TOTAL-LIABILITIES> "48,017,215 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "323,782,926 "
<SHARES-COMMON-STOCK> "11,632,072 "
<SHARES-COMMON-PRIOR> "9,360,366 "
<ACCUMULATED-NII-CURRENT> "1,302,687 "
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> "16,366,005 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "41,047,452 "
<NET-ASSETS> "382,499,070 "
<DIVIDEND-INCOME> "3,099,366 "
<INTEREST-INCOME> "1,175,377 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(3,693,154)"
<NET-INVESTMENT-INCOME> "581,589 "
<REALIZED-GAINS-CURRENT> "25,157,737 "
<APPREC-INCREASE-CURRENT> "21,453,285 "
<NET-CHANGE-FROM-OPS> "47,192,611 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(302,117)"
<DISTRIBUTIONS-OF-GAINS> "(22,171,083)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "7,069,269 "
<NUMBER-OF-SHARES-REDEEMED> "(5,479,684)"
<SHARES-REINVESTED> "682,121 "
<NET-CHANGE-IN-ASSETS> "97,764,280 "
<ACCUMULATED-NII-PRIOR> "561,864 "
<ACCUMULATED-GAINS-PRIOR> "13,339,771 "
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(1,865,556)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(3,706,662)"
<AVERAGE-NET-ASSETS> "309,714,229 "
<PER-SHARE-NAV-BEGIN> 30.42
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 4.82
<PER-SHARE-DIVIDEND> (0.03)
<PER-SHARE-DISTRIBUTIONS> (2.38)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 32.88
<EXPENSE-RATIO> 1.20
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN BLUE CHIP FUND CLASS A
<PERIOD-TYPE> 12-MOS
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
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<NUMBER> 101
<NAME> EVERGREEN BLUE CHIP FUND CLASS A
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
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<NUMBER> 101
<NAME> EVERGREEN BLUE CHIP FUND CLASS A
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Independent Auditors' Report
The Board of Trustees and Shareholders
Evergreen Equity Trust
We have audited the accompanying statements of assets and liabilities, including
the schedules of investments of the Evergreen Blue Chip Fund, Evergreen Equity
Income Fund (formerly Evergreen Fund for Total Return), Evergreen Growth and
Income Fund, Evergreen Income and Growth Fund, Evergreen Small Cap Value Fund
(formerly Evergreen Small Cap Equity Income Fund), Evergreen Utility Fund and
Evergreen Value Fund, portfolios of Evergreen Equity Trust, as of July 31, 1999,
and the related statements of operations for the year then ended, the statements
of changes in net assets for each of the years or periods in the two year period
then ended, except the Evergreen Income and Growth Fund for the year ended July
31,1998, see below, and financial highlights for each of the years or periods as
described on pages to . These financial statements and financial highlights are
the responsibility of the Funds' management. Our responsibility is to express an
opinion on these financial statements and financial highlights based on our
audits. For the Evergreen Income and Growth Fund, the statement of changes in
net assets for the year ended July 31, 1998 and financial highlights for each of
the years or periods ended prior to the year ended July 31, 1999 were audited by
other auditors, whose report dated September 15, 1998, expressed an unqualified
opinion on that financial statement and financial highlights.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform our audits to obtain
reasonable assurance about whether the financial statements and financial
highlights are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. Our procedures included confirmation of securities owned as of July
31, 1999 by correspondence with the custodian and brokers. An audit also
includes assessing the accounting principles used and significant estimates made
by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our
opinion.
In our opinion, the financial statements and financial highlights referred to
above present fairly, in all material respects, the financial position of
Evergreen Equity Trust as of July 31, 1999, the results of their operations,
changes in their net assets and the financial highlights for each of the years
or periods described above in conformity with generally accepted accounting
principles. shapeType75fFlipH0fFlipV0hspNext1026pib[GRAPHIC OMITTED]
