SUPPLEMENT TO THE PROSPECTUS OF
EVERGREEN SELECT INTERMEDIATE TERM MUNICIPAL BOND FUND (the "Fund")
Effective immediately, the second paragraph under the section entitled
"Investment Strategy" in the Fund's February 1, 1999, as amended June 18,
1999 prospectus is restated in its entirety as follows:
"Under normal market conditions, the Fund invests its assets
according to applicable guidelines issued by the Securities and
Exchange Commission concerning investment in tax-exempt securities.
The Fund may not change this investment policy without shareholder
approval. To comply with this requirement the Fund normally invests
at least 80% of its assets in securities exempt from federal income
tax. Up to 20% of the Fund's assets may be invested in taxable
obligations. The Fund may invest up to 100% of its assets in
municipal bonds that are subject to the federal alternative minimum
tax. The Fund may also invest up to 20% of its assets in below
investment grade bonds (not rated below B by Standard & Poor's
Rating Services). The Fund will maintain a dollar-weighted average
maturity of three to ten years."
November 12, 1999 551332
