EVERGREEN EQUITY TRUST /DE/
497, 2000-12-27
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                         SUPPLEMENT TO THE PROSPECTUS OF
                             EVERGREEN UTILITY FUND



         Effective  January 1, 2001,  the Evergreen Utility Fund will change
its name to Evergreen Utility and Telecommunications Fund.




January 1, 2001                                                  556862   1/01



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