SUPPLEMENT TO THE PROSPECTUSES
OF
EVERGREEN BALANCED FUNDS AND
EVERGREEN STATE MUNICIPAL BOND FUNDS
(the "Evergreen Funds")
The table under the section entitled "How To Buy Shares" in each
Evergreen Funds' prospectus is supplemented as follows:
Systematic Investment Plan (SIP)+
+ Evergreen Investment Services, Inc. (EIS) will fund a $50 initial
investment in Evergreen Fund Class A shares for employees of First
Union Corporation (First Union) and its affiliates when the employee
enrolls in a new SIP. EIS will fund a $100 initial investment in
Evergreen Fund Class A shares for employees of First Union when the
employee enrolls in a SIP and also opens a CAP account. To be eligible
for either of these offers, the employee must open an account with
First Union Brokerage Services, Inc. or First Union Securities, Inc. to
execute the transactions. If the employee redeems his shares within 12
months after the month of purchase, EIS reserves the right to reclaim
its $50 or $100 initial investment.
August 11, 2000 555659 (8/00)
