1933 Act No. 333-42195
1940 Act No. 811-08553
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [ ]
Pre-Effective Amendment No. [ ]
Post-Effective Amendment No. 1 [X]
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [ ]
Amendment No. 2 [X]
EVERGREEN INTERNATIONAL TRUST
(Exact Name of Registrant as Specified in Charter)
200 Berkeley Street, Boston, Massachusetts 02116-5034
(Address of Principal Executive Offices)
(617) 210-3200
(Registrant's Telephone Number)
The Corporation Trust Company
1209 Orange Street
Wilmington, Delaware 19801
(Name and Address of Agent for Service)
It is proposed that this filing will become effective:
[X] immediately upon filing pursuant to paragraph (b)
[ ] on (date) pursuant to paragraph (b)
[ ] 60 days after filing pursuant to paragraph (a)(i)
[ ] on (date) pursuant to paragraph (a)(i)
[ ] 75 days after filing pursuant to paragraph (a)(ii)
[ ] on (date) pursuant to paragraph (a)(ii) of Rule 485
If appropriate, check the following box:
[ ] this post-effective amendment designates a new effective date for a
previously filed post-effective amendment
[ ] 60 days after filing pursuant to paragraph (a)(i)
[ ] on (date) pursuant to paragraph (a)(i)
<PAGE>
EVERGREEN INTERNATIONAL TRUST
CONTENTS OF
POST-EFFECTIVE AMENDMENT NO. 1
to
REGISTRATION STATEMENT
This Post-Effective Amendment No. 1 to Registrant's Registration Statement
No. 333-42195/811-08553 consists of the following pages, items of information
and documents:
The Facing Sheet
The Contents Page
The Cross-Reference Sheet
PART A
------
Prospectus for Keystone International Fund is contained in Registration
Statement No.333-42195/811-08553 filed on December 12, 1997 is incorporated by
reference herein.
Prospectuses for the following funds are contained in Registration Statement
No. 333-42195/811-08553 filed on December 12, 1997: Evergreen Emerging Markets
Growth Fund, Evergreen Global Leaders Fund, Evergreen International Equity Fund,
Evergreen Natural Resources Fund Keystone Precious Metals Holdings.
Prospectuses for Evergreen Global Opportunities Fund are contained in Post
Effective Amendment No. 13 to Registration Statement No. 33-18774/811-5404 filed
on December 9, 1996.
Prospectus for Evergreen Latin America Fund is contained in Post-Effective
Amendment No. 6 to Registration Statement No. 33-66566/811-7914 filed on
February 28, 1997
PART B
------
Statement of Additional Information for Keystone International Fund is
contained in Registration Statement No.333-42195/811-08553 filed on
December 12, 1997 is incorporated by reference herein.
Statements of Additional Information for the following funds are contained in
Registration Statement No. 333-42195/811-08553 filed on December 12, 1997:
Evergreen Emerging Markets Growth Fund, Evergreen Global Leaders Fund, Evergreen
International Equity Fund, Evergreen Natural Resources Fund Keystone Precious
Metals Holdings.
Statement of Additional Information for Evergreen Global Opportunities Fund is
contained in Post-Effective Amendment No. 13 to Registration Statement
No. 33-18774/811-5404 filed on December 9, 1996.
Statement of Additional Information for Evergreen Latin America Fund is
contained in Post-Effective Amendment No. 6 to Registration Statement
No. 33-66566/811-7914 filed on February 28, 1997.
PART C
------
Financial Statements
Exhibits
Number of Holders of Securities
Indemnification
Business and Other Connections of Investment Adviser
Principal Underwriter
Location of Accounts and Records
Undertakings
Signatures
<PAGE>
EVERGREEN INTERNATIONAL TRUST
Cross-Reference Sheet pursuant to Rules 404 and 495 under the Securities
Act of 1933.
<TABLE>
<CAPTION>
N-1A Item No. Location in Prospectus(es)
<S> <C>
Part A
Item 1. Cover Page Cover Page
Item 2. Synopsis and Fee Table Expense Information; Performance Data
Item 3. Condensed Financial Information Financial Highlights
Item 4. General Description of Registrant Additional Investment Information; Cover Page; Fund Description; Fund Objectives
and Polices; Investment Restrictions; Risk Factors; General Information
Item 5. Management of the Fund Fund Management; Expenses
Item 6. Capital Stock and Other Securities Fund Description; Dividends and Taxes; Fund Shares; Shareholder Services
Item 7. Purchase of Securities Being Offered Distribution Plan; How to Buy Shares; Pricing Shares; Shareholders Services
Item 8. Redemption or Repurchase How to Redeem Shares
Item 9. Pending Legal Proceedings Not Applicable
Location in Statement of
Part B Additional Information
Item 10. Cover Page Cover Page
Item 11. Table of Contents Table of Contents
Item 12. General Information and History Not Applicable
Item 13. Investment Objectives and Policies The Fund; Investment Restrictions; Appendix
Item 14. Management of the Fund Directors and Officers
Item 15. Control Persons and Principal Additional Information
Holders of Securities
Item 16. Investment Advisory and Other Services Additional Information; Distribution Plan; Expenses; Investment Adviser; Principal
Underwriter; Sales Charges; Service Providers
Item 17. Brokerage Allocation Brokerage
Item 18. Capital Stock and Other Securities Articles of Incorporation
Item 19. Purchase, Redemption and Pricing of Valuation of Securities; Securities Being Offered Distribution Plans; Additional
Information
Item 20. Tax Status Distributions and Taxes
Item 21. Underwriters Principal Underwriter
Item 22. Calculation of Performance Data Standardized Total Return and Yield Quaotations
Item 23. Financial Statements Financial Statements
</TABLE>
Part C
Information required to be included in Part C is set forth under the
appropriate item, so numbered, in Part C to this Registration Statement.
<PAGE>
SUPPLEMENT TO THE PROSPECTUS OF
KEYSTONE INTERNATIONAL FUND (THE "FUND")
The prospectus of the Fund is hereby supplemented as follows:
The Fund has been reorganized as a separate series of Evergreen
International Trust, a Delaware business trust organized on September 17, 1997.
In connection with the reorganization, the investment objective(s) of the Fund
is now "nonfundamental" (i.e., changeable by vote of the Board without a
shareholder vote). In addition, the Fund is now subject to certain standardized
investment restrictions as set forth in the Supplement to the Statement of
Additional Information of the Fund dated December 22, 1997.
Effective January 12, 1998, the Fund will change its name from Keystone
International Fund to Evergreen International Growth Fund. In addition, the name
of the distributor for the Fund has been changed to Evergreen Distributor, Inc.
and the name of the transfer agent for the Fund has been changed to Evergreen
Service Company.
Effective January 9, 1998, the Fund will add three classes of shares
designated as Class A, Class C and Class Y and will designate its current class
of shares as Class B.
The table set forth below summarizes the shareholder transaction costs
associated with an investment in Class A, Class B, Class C and Class Y shares of
the Funds.
<TABLE>
<CAPTION>
SHAREHOLDER TRANSACTION EXPENSES Class A Class B (3) Class C Class Y
-------- ----------- ------- -------
<S> <C> <C> <C> <C>
Maximum Sales Charge Imposed on Purchases (as a % of offering price) 4.75% None None None
Contingent Deferred Sales Charge (as a % of original purchase price or redemption None(1) 5.00%(2) 1.00% None
proceeds, whichever is lower)
</TABLE>
- -------------
(1) The Fund does not charge a front-end sales charge on purchases of $1 million
or more, but it does charge a contingent deferred sales charge of 1.00% if
you redeem those shares within one year after your purchase.
(2) The deferred sales charge on Class B shares declines from 5.00% to 1.00% of
amounts redeemed within six years after the month of purchase. The Fund does
not charge a contingent deferred sales charge on redemptions made after
that. See "Shareholder Information" for more information.
(3) Long-term shareholders may pay more than the economic equivalent front-end
sales charges permitted by the National Association of Securities Dealers,
Inc. See "Purchase and Redemption of Shares" for more information.
Annual operating expenses reflect the normal operating expenses of the
Fund, and include costs such as management, distribution and other fees. The
table below shows the Fund's estimated annual operating expenses for the fiscal
period ending October 31, 1998. The example shows what you would pay if you
invested $1,000 over periods indicated. The example assumes that you reinvest
all of your dividends and that the Fund's average annual return will be 5%. THE
EXAMPLES ARE FOR ILLUSTRATION PURPOSES ONLY AND SHOULD NOT BE CONSIDERED A
REPRESENTATION OF PAST OR FUTURE EXPENSES OR ANNUAL RETURN. THE FUND'S ACTUAL
EXPENSES AND RETURNS WILL VARY.
<TABLE>
<CAPTION>
EXAMPLES
------------------------------------------------
Assuming
Assuming Redemption at no
ANNUAL OPERATING EXPENSES End of Period Redemption
------------------------------------- ------------------------------------- -------
Class A Class B Class C Class Y Class A Class B Class C Class Y Class B
------- ------- ------- ------- ------- ------- ------- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Management Fees 0.75% 0.75% 0.75% 0.75%
After 1 Year $ 63 $ 74 $ 34 $ 14 $ 24
12b-1 Fees* 0.25% 1.00% 1.00% 0.00%
After 3 Years $ 95 $ 103 $ 73 $ 42 $ 73
Other Expenses 0.59% 0.59% 0.59% 0.59%
After 5 Years $ 130 $ 145 $ 125 $ 73 $ 125
------- ------- ------- -------
After 10 Years $ 227 $ 239 $ 268 $ 161 $ 239
Total 1.59% 2.34% 2.34% 1.34%
------- ------- ------- -------
------- ------- ------- -------
<CAPTION>
Class C
-------
<S> <C>
After 1 Year $ 24
After 3 Years $ 73
After 5 Years $ 125
After 10 Years $ 268
</TABLE>
DISTRIBUTION PLANS AND AGREEMENTS
Distribution Plans. The Fund's Class A, Class B and Class C shares pay for
the expenses associated with the distribution of such shares according to
distribution plans adopted pursuant to Rule 12b-1 under the Investment Company
Act of 1940 (the "1940 Act") (each a "Plan" or collectively the "Plans"). Under
the Plans, the Fund may incur distribution-related and shareholder
servicing-related expenses which are based upon a maximum annual rate as a
percentage of the Fund's average daily net assets attributable to the Class, as
follows:
Class A shares 0.75% (currently limited to 0.25%)
Class B shares 1.00%
Class C shares 1.00%
Of the amount that each Class may pay under its respective Plan, up to
0.25% may constitute a service fee to be used to compensate organizations, which
may include the Fund's investment adviser or its affiliates, for personal
services rendered to shareholders and/or the maintenance of shareholder
accounts. The Fund may not pay any distribution or services fees during any
fiscal period in excess of the amounts set forth above. Amounts paid under the
Plans are used to compensate the Fund's distributor pursuant to the Distribution
Agreements entered into by the Fund.
Distribution Agreements. The Fund has also entered into distribution
agreements (each a "Distribution Agreement" or collectively the "Distribution
Agreements") with EDI. Pursuant to the Distribution Agreements, the Fund will
compensate EDI for its services as distributor based upon the maximum annual
rate as a percentage of the Fund's average daily net assets attributable to
Class A, B and C, as follows:
Class A shares 0.25%
Class B shares 1.00%
Class C shares 1.00%
The Distribution Agreements provide that EDI will use the distribution fee
received from the Fund for payments (1) to compensate broker-dealers or other
persons for distributing shares of the Fund, including interest and principal
payments made in respect of amounts paid to broker-dealers or other persons that
have been financed (EDI may assign its rights to receive compensation under the
Plans to secure such financings), (2) to otherwise promote the sale of shares of
the Fund, and (3) to compensate broker-dealers, depository institutions and
other financial intermediaries for providing administrative, accounting and
other services with respect to the Fund's shareholders. FUNB or its affiliates
may finance the payments made by EDI to compensate broker-dealers or other
persons for distributing shares of the Fund.
In the event the Fund acquires the assets of other mutual funds,
compensation paid to EDI under the Distribution Agreements may be paid by EDI to
the distributors of the acquired funds.
Since EDI's compensation under the Distribution Agreements is not directly
tied to the expenses incurred by EDI, the amount of compensation received by it
under the Distribution Agreements during any year may be more or less than its
actual expenses and may result in a profit to EDI. Distribution expenses
incurred by EDI in one fiscal year that exceed the level of compensation paid to
EDI for that year may be paid from distribution fees received from the Fund in
subsequent fiscal years.
- --------------------------------------------------------------------------------
PURCHASE AND REDEMPTION OF SHARES
- --------------------------------------------------------------------------------
Class A Shares -- Front-End Sales Charge Alternative. You may purchase
Class A shares of the Fund at net asset value plus an initial sales charge on
purchases under $1,000,000. You may purchase $1,000,000 or more of Class A
shares without a front-end sales charge; however, a contingent deferred sales
charge ("CDSC") equal to the lesser of 1% of the purchase price or the
redemption value will be imposed on shares redeemed during the month of purchase
and the 12-month period following the month of purchase. The schedule of charges
for Class A shares is as follows: Initial Sales Charge
<TABLE>
<CAPTION>
as a % of the Net as a % of the Commission to Dealer/Agent
Amount of Purchase Amount Invested Offering Price as a % of Offering Price
<S> <C> <C> <C> <C>
Less than $ 50,000 4.99% 4.75% 4.25%
$ 50,000 - $ 99,999 4.71% 4.50% 4.25%
$ 100,000 - $ 249,999 3.90% 3.75% 3.25%
$ 250,000 - $ 499,999 2.56% 2.50% 2.00%
$ 500,000 - $ 999,999 2.04% 2.00% 1.75%
Over $ 1,000,000 None None 1.00% of the amount invested up to
$2,999,999; .50% of the amount invested
over $2,999,999, up to $4,999,999; and
.25% of the excess over $4,999,999
</TABLE>
No front-end sales charges are imposed on Class A shares purchased by (a)
institutional investors, which may include bank trust departments and registered
investment advisers; (b) investment advisers, consultants or financial planners
who place trades for their own accounts or the accounts of their clients and who
charge such clients a management, consulting, advisory or other fee; (c) clients
of investment advisers or financial planners who place trades for their own
accounts if the accounts are linked to the master account of such investment
advisers or financial planners on the books of the broker-dealer through whom
shares are purchased; (d) institutional clients of broker-dealers, including
retirement and deferred compensation plans and the trusts used to fund these
plans, which place trades through an omnibus account maintained with the Fund by
the broker-dealer; (e) shareholders of record on October 12, 1990 in any series
of Evergreen Investment Trust in existence on that date, and the members of
their immediate families; (f) current and retired employees of FUNB and its
affiliates, EDI and any broker-dealer with whom EDI has entered into an
agreement to sell shares of the Fund, and members of the immediate families of
such employees; (g) and upon the initial purchase of an Evergreen fund by
investors reinvesting the proceeds from a redemption within the preceding thirty
days of shares of other mutual funds, provided such shares were initially
purchased with a front-end sales charge or subject to a CDSC. Certain broker-
dealers or other financial institutions may impose a fee on transactions in
shares of the Fund.
Class A shares may also be purchased at net asset value by a corporation or
certain other qualified retirement plans or a non-qualified deferred
compensation plan or a Title I tax sheltered annuity or TSA plan sponsored by an
organization having 100 or more eligible employees, or a TSA plan sponsored by a
public education entity having 5,000 or more eligible employees.
In connection with sales made to plans of the type described in the
preceding sentence EDI will pay broker-dealers and others concessions at the
rate of 0.50% of the net asset value of the shares purchased. These payments are
subject to reclaim in the event the shares are redeemed within twelve months
after purchase.
When Class A shares are sold, EDI will normally retain a portion of the
applicable sales charge and pay the balance to the broker-dealer or other
financial intermediary through whom the sale was made. EDI may also pay fees to
banks from sales charges for services performed on behalf of the customers of
such banks in connection with the purchase of shares of the Fund. In addition to
compensation paid at the time of sale, entities whose clients have purchased
Class A shares may receive a trailing commission equal to 0.25% of the average
daily net asset value on an annual basis of Class A shares held by their
clients. Certain purchases of Class A shares may qualify for reduced sales
charges in accordance with the Fund's Concurrent Purchases, Rights of
Accumulation, Letter of Intent, certain Retirement Plans and Reinstatement
Privilege. Consult the Application for additional information concerning these
reduced sales charges.
Class B Shares -- Deferred Sales Charge Alternative. You may purchase Class
B shares at net asset value without an initial sales charge. However, you may
pay a CDSC if you redeem shares within six years after the month of purchase.
The amount of the CDSC (expressed as a percentage of the lesser of the current
net asset value or original cost) will vary according to the number of years
from the month of purchase of Class B shares as set forth below.
<TABLE>
<CAPTION>
CDSC
Redemption Timing Imposed
- ----------------- -------
<S> <C>
Month of purchase and the first twelve-month period following the month of purchase............................... 5.00%
Second twelve-month period following the month of purchase........................................................ 4.00%
Third twelve-month period following the month of purchase......................................................... 3.00%
Fourth twelve-month period following the month of purchase........................................................ 3.00%
Fifth twelve-month period following the month of purchase......................................................... 2.00%
Sixth twelve-month period following the month of purchase......................................................... 1.00%
No CDSC is imposed on amounts redeemed thereafter.
</TABLE>
If you redeem shares purchased after January 1, 1995, but before January 9,
1998, you will pay a CDSC according to the CDSC schedule in effect at the time
you bought your shares.
The CDSC is deducted from the amount of the redemption and is paid to EDI.
In the event the Fund acquires the assets of other mutual funds, the CDSC may be
paid by EDI to the distributors of the acquired funds. Class B shares are
subject to higher distribution and/or shareholder service fees than Class A
shares for a period of seven years after the month of purchase (after which it
is expected that they will convert to Class A shares without imposition of a
front-end sales charge). The higher fees mean a higher expense ratio, so Class B
shares pay correspondingly lower dividends and may have a lower net asset value
than Class A shares. The Fund will not normally accept any purchase of Class B
shares in the amount of $250,000 or more.
At the end of the period ending seven years after the end of the calendar
month in which the shareholder's purchase order was accepted, Class B shares
will automatically convert to Class A shares and will no longer be subject to
the higher distribution and/or services fee imposed on Class B shares. If you
bought shares before January 1, 1995, your shares will automatically convert to
Class A shares on or about January 16, 1998. If you purchased your shares after
January 1, 1995, your shares will convert to Class A shares seventy-two months
from the date you purchased your shares. Such conversion will be on the basis of
the relative net asset values of the two Classes, without the imposition of any
sales load, fee or other charge. The purpose of the conversion feature is to
reduce the distribution and/or services fee paid by holders of Class B shares
that have been outstanding long enough for the Distributor to have been
compensated for the expenses associated with the sale of such shares.
Class C Shares -- Level-Load Alternative. Class C shares are only offered
through broker-dealers who have special distribution agreements with EDI. You
may purchase Class C shares at net asset value without any initial sales charge
and, therefore, the full amount of your investment will be used to purchase Fund
shares. However, you will pay a 1.00% CDSC, if you redeem shares during the
month of purchase and the 12-month period following the month of purchase. No
CDSC is imposed on amounts redeemed thereafter. Class C shares incur higher
distribution and/or shareholder service fees than Class A shares but, unlike
Class B shares, do not convert to any other class of shares of the Fund. The
higher fees mean a higher expense ratio, so Class C shares pay correspondingly
lower dividends and may have a lower net asset value than Class A shares. The
Fund will not normally accept any purchase of Class C shares in the amount of
$500,000 or more. No CDSC will be imposed on Class C shares purchased by
institutional investors, and through employee benefit and savings plans eligible
for the exemption from front-end sales charges described under "Class A Shares
- -- Front-End Sales Charge Alternative," above. Broker-dealers and other
financial intermediaries whose clients have purchased Class C shares may receive
a trailing commission equal to 0.75% of the average daily net asset value of
such shares on an annual basis held by their clients more than one year from the
date of purchase. The payment of trailing commissions will commence immediately
with respect to shares eligible for exemption from the CDSC normally applicable
to Class C shares.
Class Y Shares -- No-Load Alternative. Class Y shares are offered at net
asset value without a front-end sales charge or a CDSC to (i) persons who at or
prior to December 31, 1994, owned shares in a mutual fund advised by Evergreen
Asset Management Corp., (ii) certain institutional investors and (iii)
investment advisory clients of First Union National Bank or its affiliates.
Contingent Deferred Sales Charge. Shares obtained from dividend or
distribution reinvestment are not subject to a CDSC. Any CDSC imposed upon the
redemption of Class A, Class B or Class C shares is a percentage of the lesser
of (1) the net asset value of the shares redeemed or (2) the net asset value at
the time of purchase of such shares.
No CDSC is imposed on a redemption of shares of the Fund in the event of:
(1) death or disability of the shareholder; (2) a lump-sum distribution from a
401(k) plan or other benefit plan qualified under the Employee Retirement Income
Security Act of 1974 ("ERISA"); (3) automatic withdrawals from ERISA plans if
the shareholder is at least 59 1/2 years old; (4) involuntary redemptions of
accounts having an aggregate net asset value of less than $1,000; (5) automatic
withdrawals under the Systematic Withdrawal Plan of up to 1.00% per month of the
shareholder's initial account balance; (6) withdrawals consisting of loan
proceeds to a retirement plan participant; (7) financial hardship withdrawals
made by a retirement plan participant; or (8) withdrawals consisting of returns
of excess contributions or excess deferral amounts made to a retirement plan
participant.
The Fund may also sell Class A, Class B or Class C shares at net asset
value without any initial sales charge or CDSC to certain Directors, Trustees,
officers and employees of the Fund, Keystone, FUNB, Evergreen Asset Management
Corp. ("Evergreen Asset"), EDI and certain of their affiliates, and to members
of the immediate families of such persons, to registered representatives of
firms with dealer agreements with EDI, and to a bank or trust company acting as
a trustee for a single account.
General. The decision as to which Class of shares is more beneficial to you
depends on the amount of your investment and the length of time you will hold
it. If you are making a large investment, thus qualifying for a reduced sales
charge, you might consider Class A shares. If you are making a smaller
investment, you might consider Class B shares since 100% of your purchase is
invested immediately and since such shares will convert to Class A shares, which
incur lower ongoing distribution and/or shareholder service fees, after seven
years. If you are unsure of the time period of your investment, you might
consider Class C shares since there are no initial sales charges and, although
there is no conversion feature, the CDSC only applies to redemptions made during
the first year after the month of purchase. Consult your financial intermediary
for further information. The compensation received by broker-dealers and agents
may differ depending on whether they sell Class A, Class B or Class C shares.
There is no size limit on purchases of Class A shares.
HOW TO REDEEM SHARES
You may "redeem" (i.e., sell) your shares in the Fund to the Fund for cash
at their net redemption value on any day the Exchange is open, either directly
by writing to the Fund, c/o ESC, or through your financial intermediary. The
amount you will receive is the net asset value adjusted for fractions of a cent
(less any applicable CDSC) next calculated after the Fund receives your request
in proper form.
EXCHANGE PRIVILEGE
How to Exchange Shares. You may exchange some or all of your shares for
shares of the same class of any other Evergreen funds through your financial
intermediary, by calling or writing to ESC or by using the Evergreen Express
Line as described above. Once an exchange request has been telephoned or mailed,
it is irrevocable and may not be modified or canceled. Exchanges will be made on
the basis of the relative net asset values of the shares exchanged next
determined after an exchange request is received. An exchange which represents
an initial investment in another Evergreen fund is subject to the minimum
investment and suitability requirements of each fund.
No CDSC will be imposed in the event shares are exchanged for shares of the
same class of other Evergreen funds. If you redeem shares, the CDSC applicable
to the shares of the Evergreen fund originally purchased for cash is applied.
Also, Class B shares will continue to age following an exchange for the purpose
of conversion to Class A shares and for the purpose of determining the amount of
the applicable CDSC.
PERFORMANCE INFORMATION
The Funds may quote their "total return" or "yield" for specified periods
in advertisements, reports, or other communications to shareholders. Total
return and yield are computed separately for each Class of shares. Performance
data for one or more Classes may be included in any advertisement or sales
literature using performance data of a Fund.
PURCHASE AND REDEMPTION OF SHARES
Certain employer-sponsored retirement or savings plans, including eligible
401(k) plans, may purchase Class A shares at net asset value provided that such
plans meet certain required minimum number of eligible employees or required
amount of assets. The CDSC applicable to Class B shares also is waived on
redemptions of shares by such plans. Additional information concerning the
waiver of sales charges is set forth in the Statement of Additional Information.
January 9, 1998
<PAGE>
EVERGREEN INTERNATIONAL TRUST
PART C
OTHER INFORMATION
Item 24. Financial Statements and Exhibits
Item 24(a). Financial Statements
The financial statements listed below are included in Part A of this
Amendment to the Registration Statement:
Financial Highlights for For each of the years in the
Keystone International Fund two-year period ended
October 31, 1996, and each of
the years in the eight-year
period ended
September 30, 1994 and the
one-month period ended
October 31, 1994
The financial statements listed below are included in Part B of this
Amendment to the Registration Statement:
Schedule of Investments of Keystone International Fund as of
October 31, 1996.
Statement of Assets and Liabilities of Keystone International
Fund as of October 31, 1996.
Statement of Operations of Keystone International Fund for the
year ended October 31, 1996.
Statement of Changes in Net Assets of Keystone International Fund
for each of the years in the two-year period ended October 31, 1996.
Notes to Financial Statements of Keystone International Fund.
Independent Auditors' Report of Keystone International Fund as
of November 29, 1996.
The information required by this item for Evergreen Emerging Markets Growth
Fund, Evergreen Global Leaders Fund, Evergreen International Equity Fund,
Evergreen Natural Resources Fund and Keystone Precious Metals Holdings is
contained in Registration Statement No. 333-42195/811-08553 filed on December
12, 1997.
The information required by this item for Evergreen Global Opportunities
Fund is contained in Post-Effective Amendment No. 13 to Registration Statement
No. 33-18774/811-5404 filed on December 9, 1996.
The information required by this item for Evergreen Latin America Fund is
contained in Post-Effective Amendment No. 6 to Registration Statement No.
33-66566/811-7914 filed on February 28, 1997.
Item 24(b). Exhibits
Unless otherwise indicated, each of the Exhibits listed below is filed
herewith.
<TABLE>
<CAPTION>
Exhibit
Number Description Location
- ------- ----------- -----------
<S> <C> <C>
1 Declaration of Trust Incoporated by reference to
Registrant's Registration Statement
Filed on December 12, 1997
2 By-laws Incoporated by reference to
Registrant's Registration Statement
Filed on December 12, 1997
3 Not applicable
4 Provisions of instruments defining the rights
of holders of the securities being registered
are contained in the Declaration of Trust
Articles II, III.(6)(c), VI.(3), IV.(8), V, VI,
VII, VIII and By-laws Articles II, III and VIII
included as part of Exhibits 1 and 2 of this
Registration Statement
5(a) Form of Investment Advisory and Management Incoporated by reference to
Agreement between the Registrant and First Registrant's Registration Statement
Union National Bank Filed on December 12, 1997
5(b) Form of Investment Advisory and Management Incoporated by reference to
Agreement between the Registrant and Evergreen Registrant's Registration Statement
Asset Management Corp. Filed on December 12, 1997
5(c) Form of Investment Advisory and Management Incoporated by reference to
Agreement between the Registrant and Keystone Registrant's Registration Statement
Investment Management Company Filed on December 12, 1997
6(a) Form of Class A and Class C Principal Underwriting Incoporated by reference to
Agreement between the Registrant and Evergreen Registrant's Registration Statement
Distributor, Inc. Filed on December 12, 1997
6(b) Form of Class B Principal Underwriting Agreement Incoporated by reference to
between the Registrant and Evergreen Investment Registrant's Registration Statement
Services, Inc. (B-1) Filed on December 12, 1997
6(c) Form of Class B Principal Underwriting Agreement Incoporated by reference to
between the Registrant and Evergreen Distributor, Registrant's Registration Statement
Inc. (B-2) Filed on December 12, 1997
6(d) Form of Class B Principal Underwriting Agreement Incoporated by reference to
between the Registrant and Evergreen Distributor, Registrant's Registration Statement
Inc. (Evergreen/KCF) Filed on December 12, 1997
6(e) Form of Class Y Principal Underwriting Agreement Incoporated by reference to
between the Registrant and Evergreen Distributor, Registrant's Registration Statement
Inc. Filed on December 12, 1997
6(f) Form of Dealer Agreement used by Evergreen Incoporated by reference to
Distributor, Inc. Registrant's Registration Statement
Filed on December 12, 1997
7 Form of Deferred Compensation Plan Incoporated by reference to
Registrant's Registration Statement
Filed on December 12, 1997
8 Form of Custodian Agreement between the Registrant Incoporated by reference to
and State Street Bank and Trust Company Registrant's Registration Statement
Filed on December 12, 1997
9(a) Form of Administration Agreement between Evergreen Incoporated by reference to
Investment Services, Inc. and the Registrant Registrant's Registration Statement
Filed on December 12, 1997
9(b) Form of Transfer Agent Agreement between the Incoporated by reference to
Registrant and Evergreen Service Company Registrant's Registration Statement
Filed on December 12, 1997
10 Opinion and Consent of Sullivan & Worcester LLP Incoporated by reference to
Registrant's Registration Statement
Filed on December 12, 1997
11(a) Consent of Price Waterhouse LLP Not applicable to this filing
11(b) Consent of KPMG Peat Marwick LLP
12 Not applicable
13 Not applicable
15(a) Form of 12b-1 Distribution Plan for Class A Incoporated by reference to
Registrant's Registration Statement
Filed on December 12, 1997
15(b) Form of 12b-1 Distribution Plan for Class B Incoporated by reference to
(KAF B-1) Registrant's Registration Statement
Filed on December 12, 1997
15(c) Form of 12b-1 Distribution Plan for Class B Incoporated by reference to
(KAF B-2) Registrant's Registration Statement
Filed on December 12, 1997
15(d) Form of 12b-1 Distribution Plan for Class B Incoporated by reference to
(KCF/Evergreen) Registrant's Registration Statement
Filed on December 12, 1997
15(d) Form of 12b-1 Distribution Plan for Class C Incoporated by reference to
Registrant's Registration Statement
Filed on December 12, 1997
16 Not applicable
17 Financial Data Schedule
18 Multiple Class Plan Incoporated by reference to
Registrant's Registration Statement
Filed on December 12, 1997
19 Powers of Attorney Incoporated by reference to
Registrant's Registration Statement
Filed on December 12, 1997
</TABLE>
Item 25. Persons Controlled by or Under Common Control with Registrant.
None
Item 26. Number of Holders of Securities (as of November 30, 1997)
None
Item 27. Indemnification.
Provisions for the indemnification of the Registrant's Trustees and
officers are contained the Registrant's Declaration of Trust a copy of which is
filed herewith.
Provisions for the indemnification of the Registrant's Investment Advisor
are contained in their respective Investment Advisory and Management Agreements.
Provisions for the indemnification of Evergreen Distributor, Inc., the
Registrant's principal underwriter, are contained in each Principal Underwriting
Agreement between Evergreen Distributor, Inc. and the Registrant.
Item 28. Business or Other Connections of Investment Adviser.
The Directors and principal executive officers of First Union National Bank
are:
Edward E. Crutchfield, Jr. Chairman and Chief Executive Officer,
First Union Corporation; Chief Executive
Officer and Chairman, First Union National
Bank
John R. Georgius President, First Union Corporation; Vice
Chairman and President, First Union National
Bank
Marion A. Cowell, Jr. Executive Vice President, Secretary &
General Counsel, First Union Corporation;
Secretary and Executive Vice President,
First Union National Bank
Robert T. Atwood Executive Vice President and Chief Financial
Officer, First Union Corporation; Chief
Financial Officer and Executive Vice
President
All of the above persons are located at the following address: First Union
National Bank, One First Union Center, Charlotte, NC 28288.
The information required by this item with respect to Evergreen Asset
Management Corp. is incorporated by reference to the Form ADV (File No.
801-46522) of Evergreen Asset Management Corp.
The information required by this item with respect to Keystone Investment
Management Company is incorporated by reference to the Form ADV (File No.
801-8327) of Keystone Investment Management Company.
Item 29. Principal Underwriters.
The Directors and principal executive officers of Evergreen Distributor,
Inc. are:
Lynn C. Mangum Director, Chairman and Chief Executive
Officer
Robert J. McMullan Director, Executive Vice President and
Treasurer
J. David Huber President
Kevin J. Dell Vice President, General Counsel and Secretary
All of the above persons are located at the following address: Evergreen
Distributor, Inc., 125 West 55th Street, New York, New York 10019.
Evergreen Distributor, Inc. acts as principal underwriter for each
registered investment company or series thereof that is a part of the Evergreen
Keystone "fund complex" as such term is defined in Item 22(a) of Schedule 14A
under the Securities Exchange Act of 1934.
Item 30. Location of Accounts and Records.
All accounts and records required to be maintained by Section 31(a) of the
Investment Company Act of 1940 and the Rules 31a-1 through 31a-3 promulgated
thereunder are maintained at one of the following locations:
Evergreen Investment Services, Inc., Evergreen Service Company and Keystone
Investment Management Company, all located at 200 Berkeley Street, Boston,
Massachusetts 02110
First Union National Bank, One First Union Center, 301 S. College Street,
Charlotte, North Carolina 28288
Evergreen Asset Management Corp., 2500 Westchester Avenue, Purchase,
New York 10577
Iron Mountain, 3431 Sharp Slot Road, Swansea, Massachusetts 02777
State Street Bank and Trust Company, 2 Heritage Drive, North Quincy,
Massachusetts 02171
Item 31. Management Services.
Not Applicable
Item 32. Undertakings.
The Registrant hereby undertakes to furnish each person to whom a
prospectus is delivered with a copy of the Registrant's latest annual
report to shareholders, upon request and without charge.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940 the Registrant has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereto duly
authorized, in the City of Columbus, and State of Ohio, on the 9th day of
January, 1998.
EVERGREEN INTERNATIONAL TRUST
By: /s/ William J. Tomko
-----------------------------
Name: William J. Tomko
Title: President
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities indicated on the 9th day of January, 1998.
<TABLE>
<CAPTION>
<S> <C> <C>
/s/William J. Tomko
- ------------------------- ----------------------------- --------------------------------
William J. Tomko Laurence B. Ashkin Charles A. Austin III
President amd Treasurer (Principal Trustee Trustee
Financial and Accounting Officer)
/s/ K. Dun Gifford /s/ James S. Howell
- ---------------------------- ---------------------------- --------------------------------
K. Dun Gifford* James S. Howell* William Walt Pettit
Trustee Trustee Trustee
/s/Gerald M. McDonnell /s/ Thomas L. McVerry /s/ Michael S. Scofield
- ------------------------------- ----------------------------- --------------------------------
Gerald M. McDonell* Thomas L. McVerry* Michael S. Scofield*
Trustee Trustee Trustee
/s/ David M. Richardson /s/ Russell A. Salton, III MD
- ------------------------------ -------------------------------
David M. Richardson* Russell A. Salton, III MD*
Trustee Trustee
/s/ Richard J. Shima
- ------------------------------
Richard J. Shima*
Trustee
</TABLE>
*By: /s/ Martin J. Wolin
- -------------------------------
Martin J. Wolin
Attorney-in-Fact
*Martin J. Wolin, by signing his name hereto, does hereby sign this document on
behalf of each of the above-named individuals pursuant to powers of attorney
duly executed by such persons.
<PAGE>
INDEX TO EXHIBITS
Exhibit Number Exhibit
- -------------- -------
11(b) Consent of KPMG Peat Marwick LLP
CONSENT OF INDEPENDENT AUDITORS
The Trustees and Shareholders
Evergreen International Trust
We consent to the use of our report dated November 29, 1996 for Keystone
International Fund incorporated by reference herein.
/s/ KPMG Peat Marwick LLP
KPMG Peat Marwick LLP
Boston, Massachusetts
January 9, 1998
<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> KEYSTONE INTERNATIONAL FUND INC. CLASS A
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 125,157,243
<INVESTMENTS-AT-VALUE> 156,703,070
<RECEIVABLES> 1,597,802
<ASSETS-OTHER> 22,776
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 158,323,648
<PAYABLE-FOR-SECURITIES> 3,277,924
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 231,609
<TOTAL-LIABILITIES> 3,509,533
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 122,676,296
<SHARES-COMMON-STOCK> 20,050,080
<SHARES-COMMON-PRIOR> 18,088,843
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (268,778)
<ACCUMULATED-NET-GAINS> 603,739
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 31,802,858
<NET-ASSETS> 154,814,115
<DIVIDEND-INCOME> 883,496
<INTEREST-INCOME> 361,884
<OTHER-INCOME> 0
<EXPENSES-NET> (1,702,195)
<NET-INVESTMENT-INCOME> (456,815)
<REALIZED-GAINS-CURRENT> 753,499
<APPREC-INCREASE-CURRENT> 14,299,989
<NET-CHANGE-FROM-OPS> 14,596,673
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,797,926)
<DISTRIBUTIONS-OF-GAINS> (894,541)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14,784,436
<NUMBER-OF-SHARES-REDEEMED> (13,150,930)
<SHARES-REINVESTED> 327,731
<NET-CHANGE-IN-ASSETS> 26,140,460
<ACCUMULATED-NII-PRIOR> 1,985,964
<ACCUMULATED-GAINS-PRIOR> 744,780
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (517,367)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,713,097
<AVERAGE-NET-ASSETS> 139,235,537
<PER-SHARE-NAV-BEGIN> 7.11
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 0.78
<PER-SHARE-DIVIDEND> (0.10)
<PER-SHARE-DISTRIBUTIONS> (0.05)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 7.72
<EXPENSE-RATIO> 2.47
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
