EVERGREEN EQUITY TRUST /DE/
497, 2000-07-03
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                           SUPPLEMENT TO PROSPECTUS OF
                         EVERGREEN DOMESTIC GROWTH FUNDS


I.       Evergreen Stock Selector Fund

         Effective immediately,  page 18 of the prospectus under "FUND FACTS" is
revised to state:

         Dividend Payment Schedule:
          o  Annually


May 15, 2000


II.      Evergreen Strategic Growth Fund

         Effective  July 1, 2000,  the Fund will  change  its name to  Evergreen
Large Company Growth Fund.

         Evergreen Stock Selector Fund
         Evergreen Tax Strategic Equity Fund

         Effective July 24, 2000,  the section of the  prospectus  entitled "THE
FUNDS' PORTFOLIO MANAGERS" is supplemented to reflect the following change:

     William  E. Zieff  joined  First  Capital  Group  (FCG) in January  2000 as
Managing Director of Global Structured Products. Mr. Zieff's previous experience
includes Managing Director and co-Chief  Investment  Officer of the Global Asset
Allocation  group at Putnam  Investments,  Inc.  from  November 1996 to December
1998. From October 1992 until November 1996, Mr. Zieff was portfolio manager and
head of Asset Allocation at Grantham, Mayo Van Otterloo & Co. LLC.


June 30, 2000                                                       555123 6/00


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