SUPPLEMENT TO THE PROSPECTUSES
OF
EVERGREEN SELECT MONEY MARKET FUND
EVERGREEN SELECT TREASURY MONEY MARKET FUND
EVERGREEN SELECT MUNICIPAL MONEY MARKET FUND
(THE "FUNDS")
For Evergreen Select Money Market Fund and Evergreen Select Treasury Money
Market Fund:
Effective March 4, 1998, the section of each of the prospectuses
entitled Additional Purchase Information under "PURCHASE AND REDEMPTION OF
SHARES - HOW TO BUY SHARES" is supplemented to read as follows with respect to
purchases of shares of the Funds:
Shares purchased via telephone will receive the dividend declared on
that day if the telephone order is placed by 3:00 p.m. for Evergreen Select
Money Market Fund, and by 3:30 p.m. for Evergreen Select Treasury Money Market
Fund, and federal funds are received the same day by 4:00 p.m. (Eastern time).
For Evergreen Select Municipal Money Market Fund:
Effective July 11, 1997, the second and third paragraphs under the
"Investment Objectives and Policies" section relating to the Fund under
"Description of the Funds" are hereby replaced in their entirety with the
following:
The Fund will invest in Municipal Obligations that are determined to
present minimal credit risk and are, at the time of acquisition, eligible
securities under Rule 2a-7 of the Investment Company Act of 1940, as amended
("Rule 2a-7"). The Fund will also comply with the diversification requirements
prescribed by Rule 2a-7. As a matter of fundamental policy, the Fund will invest
at least 80% of its net assets in Municipal Obligations, the interest from which
is not subject to federal alternative minimum tax.
March 10, 1998
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