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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 22
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SIGNATURE J. KEVIN KENELEY
TITLE VP FUND ADMIN
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN SELECT MONEY MARKET FUND CLASS A
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> FEB-28-1998
<PERIOD-START> MAR-01-1997
<PERIOD-END> FEB-28-1998
<INVESTMENTS-AT-COST> 2,287,484,820
<INVESTMENTS-AT-VALUE> 2,287,484,820
<RECEIVABLES> 11,839,355
<ASSETS-OTHER> 53,516
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,299,377,691
<PAYABLE-FOR-SECURITIES> 25,000,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,288,670
<TOTAL-LIABILITIES> 32,288,670
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,051,905,109
<SHARES-COMMON-STOCK> 1,051,905,109
<SHARES-COMMON-PRIOR> 575,331,860
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (164,248)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,051,740,861
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 49,769,698
<OTHER-INCOME> 0
<EXPENSES-NET> (1,682,071)
<NET-INVESTMENT-INCOME> 48,087,627
<REALIZED-GAINS-CURRENT> (163,291)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 47,924,336
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (48,087,627)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,210,325,753
<NUMBER-OF-SHARES-REDEEMED> (3,738,159,269)
<SHARES-REINVESTED> 4,406,765
<NET-CHANGE-IN-ASSETS> 476,409,958
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (1,309,780)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,682,071)
<AVERAGE-NET-ASSETS> 857,978,251
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.06)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.20
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 102
<NAME> EVERGREEN SELECT MONEY MARKET FUND CLASS B
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> FEB-28-1998
<PERIOD-START> MAR-01-1997
<PERIOD-END> FEB-28-1998
<INVESTMENTS-AT-COST> 2,287,484,820
<INVESTMENTS-AT-VALUE> 2,287,484,820
<RECEIVABLES> 11,839,355
<ASSETS-OTHER> 53,516
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,299,377,691
<PAYABLE-FOR-SECURITIES> 25,000,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,288,670
<TOTAL-LIABILITIES> 32,288,670
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,215,518,996
<SHARES-COMMON-STOCK> 1,215,518,996
<SHARES-COMMON-PRIOR> 867,294,925
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (170,836)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,215,348,160
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 46,842,183
<OTHER-INCOME> 0
<EXPENSES-NET> (3,593,166)
<NET-INVESTMENT-INCOME> 43,249,017
<REALIZED-GAINS-CURRENT> (169,943)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 43,079,074
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (43,249,017)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,892,398,953
<NUMBER-OF-SHARES-REDEEMED> (6,565,932,225)
<SHARES-REINVESTED> 21,757,343
<NET-CHANGE-IN-ASSETS> 348,054,128
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (1,139,762)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (3,593,166)
<AVERAGE-NET-ASSETS> 810,733,592
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.43
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN SELECT MUNICIPAL MONEY MARKET FUND CLASS A
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> FEB-28-1998
<PERIOD-START> MAR-01-1997
<PERIOD-END> FEB-28-1998
<INVESTMENTS-AT-COST> 508,665,254
<INVESTMENTS-AT-VALUE> 508,665,254
<RECEIVABLES> 4,368,208
<ASSETS-OTHER> 59,515
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 513,092,977
<PAYABLE-FOR-SECURITIES> 8,098,258
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,228,302
<TOTAL-LIABILITIES> 9,326,560
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 442,018,171
<SHARES-COMMON-STOCK> 442,018,171
<SHARES-COMMON-PRIOR> 206,133,591
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (29,916)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 441,988,255
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 11,236,487
<OTHER-INCOME> 0
<EXPENSES-NET> (295,913)
<NET-INVESTMENT-INCOME> 10,940,574
<REALIZED-GAINS-CURRENT> (19,848)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 10,920,726
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10,940,574)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,122,156,301
<NUMBER-OF-SHARES-REDEEMED> (886,886,123)
<SHARES-REINVESTED> 614,402
<NET-CHANGE-IN-ASSETS> 235,864,732
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (453,025)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (295,913)
<AVERAGE-NET-ASSETS> 301,769,346
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 102
<NAME> EVERGREEN SELECT MUNICIPAL MONEY MARKET FUND CLASS B
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> FEB-28-1998
<PERIOD-START> MAR-01-1997
<PERIOD-END> FEB-28-1998
<INVESTMENTS-AT-COST> 508,665,254
<INVESTMENTS-AT-VALUE> 508,665,254
<RECEIVABLES> 4,368,208
<ASSETS-OTHER> 59,515
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 513,092,977
<PAYABLE-FOR-SECURITIES> 8,098,258
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,228,302
<TOTAL-LIABILITIES> 9,326,560
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 61,781,431
<SHARES-COMMON-STOCK> 61,781,431
<SHARES-COMMON-PRIOR> 14,296,743
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,269)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 61,778,162
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 918,098
<OTHER-INCOME> 0
<EXPENSES-NET> (86,635)
<NET-INVESTMENT-INCOME> 831,463
<REALIZED-GAINS-CURRENT> (1,917)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 829,546
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (831,463)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 169,931,226
<NUMBER-OF-SHARES-REDEEMED> (122,638,929)
<SHARES-REINVESTED> 192,391
<NET-CHANGE-IN-ASSETS> 47,482,771
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (36,926)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (86,635)
<AVERAGE-NET-ASSETS> 24,864,663
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.03)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.35
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN SELECT TREASURY MONEY MARKET FUND CLASS IS
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> FEB-28-1998
<PERIOD-START> MAR-1-1997
<PERIOD-END> FEB-28-1998
<INVESTMENTS-AT-COST> 2,796,978,289
<INVESTMENTS-AT-VALUE> 2,796,978,289
<RECEIVABLES> 13,261,882
<ASSETS-OTHER> 79,887
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,810,320,058
<PAYABLE-FOR-SECURITIES> 300,035,978
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 248,524,103
<TOTAL-LIABILITIES> 548,560,081
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,261,759,977
<SHARES-COMMON-STOCK> 1,005,058,554
<SHARES-COMMON-PRIOR> 509,369,468
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 2,261,759,977
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 81,492,855
<OTHER-INCOME> 0
<EXPENSES-NET> (4,130,847)
<NET-INVESTMENT-INCOME> 77,362,008
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 77,362,008
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 47,024,509
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,313,249,280
<NUMBER-OF-SHARES-REDEEMED> (2,824,330,581)
<SHARES-REINVESTED> 6,770,387
<NET-CHANGE-IN-ASSETS> 495,689,086
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (880,346)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (2,539,069)
<AVERAGE-NET-ASSETS> 586,919,210
<PER-SHARE-NAV-BEGIN> 1
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1
<EXPENSE-RATIO> 0.43
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 102
<NAME> EVERGREEN SELECT TREASURY MONEY MARKET FUND CLASS I
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> FEB-28-1998
<PERIOD-START> MAR-1-1997
<PERIOD-END> FEB-28-1998
<INVESTMENTS-AT-COST> 2,796,978,289
<INVESTMENTS-AT-VALUE> 2,796,978,289
<RECEIVABLES> 13,261,882
<ASSETS-OTHER> 79,887
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,810,320,058
<PAYABLE-FOR-SECURITIES> 300,035,978
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 248,524,103
<TOTAL-LIABILITIES> 548,560,081
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,261,759,977
<SHARES-COMMON-STOCK> 1,256,701,423
<SHARES-COMMON-PRIOR> 367,771,404
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 2,261,759,977
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 81,492,855
<OTHER-INCOME> 0
<EXPENSES-NET> (4,130,847)
<NET-INVESTMENT-INCOME> 77,362,008
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 77,362,008
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (47,024,509)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,647,541,042
<NUMBER-OF-SHARES-REDEEMED> (2,758,881,077)
<SHARES-REINVESTED> 270,054
<NET-CHANGE-IN-ASSETS> 888,930,019
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (1,301,210)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,619,600)
<AVERAGE-NET-ASSETS> 867,505,635
<PER-SHARE-NAV-BEGIN> 1
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.06)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1
<EXPENSE-RATIO> 0.18
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN SELECT 100% U.S. TREASURY MONEY MARKET FUND CLASS IS
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> FEB-28-1998
<PERIOD-START> MAR-1-1997
<PERIOD-END> FEB-28-1998
<INVESTMENTS-AT-COST> 249,170,017
<INVESTMENTS-AT-VALUE> 249,170,017
<RECEIVABLES> 2,223,178
<ASSETS-OTHER> 106,092
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 251,499,287
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 998,685
<TOTAL-LIABILITIES> 998,685
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 250,501,629
<SHARES-COMMON-STOCK> 5,496,939
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,027)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 250,500,602
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,404,296
<OTHER-INCOME> 0
<EXPENSES-NET> (91,729)
<NET-INVESTMENT-INCOME> 2,312,567
<REALIZED-GAINS-CURRENT> (1,027)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,311,540
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (45,321)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 24,160,896
<NUMBER-OF-SHARES-REDEEMED> (18,668,815)
<SHARES-REINVESTED> 4,858
<NET-CHANGE-IN-ASSETS> 5,496,939
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (2,456)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (4,051)
<AVERAGE-NET-ASSETS> 5,131,451
<PER-SHARE-NAV-BEGIN> 1
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.01)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1
<EXPENSE-RATIO> 0.42
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 102
<NAME> EVERGREEN SELECT 100% U.S. TREASURY MONEY MARKET FUND CLASS I
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> FEB-28-1998
<PERIOD-START> MAR-1-1997
<PERIOD-END> FEB-28-1998
<INVESTMENTS-AT-COST> 249,170,017
<INVESTMENTS-AT-VALUE> 249,170,017
<RECEIVABLES> 2,223,178
<ASSETS-OTHER> 106,092
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 251,499,287
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 998,685
<TOTAL-LIABILITIES> 998,685
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 250,501,629
<SHARES-COMMON-STOCK> 245,004,690
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,027)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 250,500,602
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,404,296
<OTHER-INCOME> 0
<EXPENSES-NET> (91,729)
<NET-INVESTMENT-INCOME> 2,312,567
<REALIZED-GAINS-CURRENT> (1,027)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,311,540
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,267,246)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 281,511,760
<NUMBER-OF-SHARES-REDEEMED> (36,647,664)
<SHARES-REINVESTED> 40,594
<NET-CHANGE-IN-ASSETS> 244,904,690
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (109,448)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (87,787)
<AVERAGE-NET-ASSETS> 192,627,247
<PER-SHARE-NAV-BEGIN> 1
<PER-SHARE-NII> 0.01
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<PER-SHARE-DIVIDEND> (0.01)
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
Report of Independent Accountants
To the Trustees and Shareholders of
Evergreen Select Money Market Fund
Evergreen Select Municipal Money Market Fund
Evergreen Select Treasury Money Market Fund
Evergreen Select 100% Treasury Money Market Fund
In our opinion, the accompanying statement of assets and liabilities, including
the schedule of investments, and the related statements of operations and of
changes in net assets and the financial highlights present fairly, in all
material respects, the financial position of Evergreen Select Money Market Fund,
(formerly Evergreen Institutional Money Market Fund), Evergreen Select Municipal
Money Market Fund (formerly Evergreen Institutional Tax Exempt Money Market
Fund), Evergreen Select Treasury Money Market Fund (formerly Evergreen
Institutional Treasury Money Market Fund), and Evergreen Select 100% Treasury
Money Market Fund, ("collectively `the Funds"), each a series of the Evergreen
Select Money Market Trust, at February 28, 1998, and the results of each of
their operations, the changes in each of their net assets and the financial
highlights for each of the periods indicated and the financial highlights for
the periods from commencement of operations, as indicated, through February 28,
1998, in conformity with generally accepted accounting principles. These
financial statements and financial highlights (hereafter referred to as
"financial statements") are the responsibility of the Funds' management; our
responsibility is to express an opinion on these financial statements based on
our audits. We conducted our audits of these financial statements in accordance
with generally accepted auditing standards which require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements, assessing the accounting principles used and significant estimates
supporting the amounts made by management, and evaluating the overall financial
statement presentation. We believe that our audits, which included confirmation
of securities at February 28, 1998 by correspondence with the custodian, and the
application of alternative auditing procedures where securities purchased had
not been received, provided a reasonable basis for the opinion expressed above.
PRICE WATERHOUSE LLP
1177 Avenue of the Americas
New York, New York
April 9, 1998
