SUPPLEMENT TO THE PROSPECTUS
AND STATEMENT OF ADDITIONAL INFORMATION
OF
EVERGREEN SELECT TOTAL RETURN BOND FUND
(the "Fund")
Effective October 30, 1998, responsibility for investment management of
the foreign bond component of the Evergreen Select Total Return Bond Fund has
been delegated by First Union National Bank ("FUNB") to First International
Advisers, Ltd. ("FIA"). FIA selects foreign bonds to be purchased and sold by
the Fund, and selects broker-dealers to execute portfolio transactions. FUNB
pays FIA an annual fee for its services equal to 0.60% of the assets FIA
manages. Investment decisions for FIA are made by a committee of three
investment professionals. FIA is a wholly-owned subsidiary of First Union
National Bank.
October 30, 1998
