SUPPLEMENT TO THE PROSPECTUSES
OF
EVERGREEN INTERNATIONAL AND GLOBAL GROWTH FUNDS
EVERGREEN VARIABLE ANNUITY FUNDS
I. Evergreen Perpetual Global Fund
Evergreen Perpetual International Fund
Evergreen VA Perpetual International Fund
(collectively, the "Funds")
Effective September 22, 2000, Mentor Perpetual will act as the Funds'
interim investment advisor along with Perpetual Portfolio Management Limited
("PPM") as the interim sub-advisor to the Funds. The contracts have been
approved by Trustees and will be presented to shareholders for approval. Upon
shareholder approval, these entities will become the investment advisor of the
sub-advisor.
In conjunction with the above, the section of the prospectus entitled
"FUND FACTS:" is supplemented as follows:
Interim Investment Advisor:
o Mentor Perpetual Advisors, LLC
Interim Sub-Advisor:
o Perpetual Portfolio Management Limited ("PPM")
In addition, the section entitled "THE FUNDS' INVESTMENT ADVISORS" is
supplemented as follows:
International and Global Growth Funds prospectus:
Mentor Perpetual Advisors, LLC (Mentor Perpetual) is the interim
investment advisor to:
o Perpetual Global Fund
o Perpetual International Fund
Perpetual Portfolio Management Limited (PPM) is the interim sub-advisor
to:
o Perpetual Global Fund
o Perpetual International Fund
Variable Annuity Funds prospectus:
Mentor Perpetual Advisors, LLC (Mentor Perpetual) is the interim
investment advisor to:
o VA International Fund
Perpetual Portfolio Management Limited (PPM) is the interim sub-advisor
to:
o VA International Fund
The following language should be included in both prospectuses:
Mentor Perpetual, organized in 1995, is owned equally by Perpetual plc,
a diversified financial services holding company based in the United
Kingdom, and Mentor Investment Advisors LLC. Mentor Perpetual currently
manages over $447.1 million in assets for 3 of the Evergreen Funds.
Mentor Perpetual is located at 901 East Byrd Street, Richmond, Virginia
23219.
PPM manages the day-to-day investment operations of each Fund. There is
no additional charge to the Funds for the services provided by PPM.
Organized in 1974, PPM is a subsidiary of Perpetual, plc and currently
acts as sub-advisor to each of the Evergreen Funds being advised by
Mentor Perpetual.
October 18, 2000 556213-10/00
