SUPPLEMENT TO THE PROSPECTUS OF
EVERGREEN INTERNATIONAL AND GLOBAL GROWTH FUNDS
I. Evergreen Emerging Markets Growth Fund
Effective May 1, 1999, page 2 of the prospectus under "Fund
Facts--Portfolio Manager" is revised to state:
o By committee including:
Liu-Er Chen
Eleanor H. Marsh
Antonio T. Docal
Francis X. Claro
Furthermore, the section of the Evergreen Emerging Markets Growth Fund
prospectus entitled "The Funds' Portfolio Managers" is supplemented to reflect
the following change:
Emerging Markets Growth Fund
The day-to-day management of the Fund is handled by a committee
composed of the following individuals.
Liu-Er Chen, CFA is Vice President and Portfolio Manager for the
Evergreen Emerging Markets Fund. Prior to joining Evergreen in 1995, he spent
three years in U.S. and Germany pharmaceutical companies in their strategic
planning area.
Francis X. Claro, CFA is Vice President and Portfolio Manager for the
Evergreen Emerging Markets Fund and the Evergreen Latin America Fund. Prior to
joining Evergreen in 1994, he worked as an Investment Officer with the
Inter-American Investment Corporation, where he was responsible for making
private equity and debt investments in Argentina, Brazil, Peru and Uruguay.
Antonio T. Docal, CFA is Vice President and Portfolio Manager for the
Evergreen Emerging Markets Fund and the Evergreen Latin America Fund. Prior to
joining Evergreen in 1994, Mr. Docal was Vice President of Docal Associates,
Inc., an import/export and trade company that he co-founded.
Eleanor H. Marsh is Vice President and Portfolio Manager for the
Evergreen Emerging Markets Fund. Ms. Marsh joined Evergreen in 1994 as a Senior
Analyst of the Asian equity markets. Prior to joining Evergreen, Ms. Marsh spent
five years at S.G. Warburg Securities in Tokyo as a Senior Analyst in the
Japanese equity research department.
May 3, 1999
II. Evergreen Latin America Fund and Evergreen Precious Metals Fund
The following disclosure is added to the "Overview" page of the
prospectus:
Concentration Risk
An investment in a Fund that concentrates its investments in a single sector or
industry entails greater risk than an investment in a Fund that invests its
assets in numerous sectors or industries. The Fund may be vulnerable to any
development in its concentration sector or industry that may weaken the sector
or industry. As a result, the Fund's shares may fluctuate more widely in value
than those of a Fund investing in a number of different sectors or industries.
The "Risk Factors" section under the fund-specific page for the Funds
is revised to add the following risk (defined above):
o Concentration Risk
In addition, the "Investment Strategy" section for Evergreen Latin
America Fund is revised to reflect that the Fund may invest at least 25% of its
total assets in the securities of issuers primarily engaged in the energy,
telecommunications and utility industries.
549315 6/99
June 9, 1999
