EVERGREEN EQUITY TRUST /DE/
497, 2000-12-18
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                   SUPPLEMENT TO INSTITUTIONAL SERVICE SHARES
                                  PROSPECTUS OF
                         EVERGREEN DOMESTIC GROWTH FUNDS



I.       Evergreen Stock Selector Fund

         The prospectus  offering  Institutional  Service shares for the Fund is
revised to reflect the  following  changes:  the `Goal'  under  "FUND  FACTS" is
revised to state "Maximum  Capital Growth" and the "Investment  Goal" is revised
to state, "The Fund seeks maximum capital growth."




December 18, 2000                                           556807    12/00





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