SUPPLEMENT TO THE PROSPECTUSES
OF
Evergreen Tax Free Fund
Evergreen High Grade Tax Free Fund
Evergreen California Tax Free Fund
Evergreen Massachusetts Tax Free Fund
Evergreen Missouri Tax Free Fund
Evergreen New Jersey Tax Free Income Fund
Evergreen New York Tax Free Fund
Evergreen Pennsylvania Tax Free Fund
Evergreen Short-Intermediate Municipal Bond Fund
(each a "Fund" and collectively, the "Funds")
I. Effective January 5, 1999, the investment policy of each Fund (except
Evergreen Short-Intermediate Municipal Bond Fund) has been changed with respect
to municipal bonds subject to the federal Alternative Minimum Tax ("AMT").
Formerly, each Fund could not invest more than 20% of its assets in municipal
bonds subject to AMT. Currently, each Fund may invest up to 100% of its assets
in such bonds. In connection with this policy change, the name of each Fund
(except Evergreen Short-Intermediate Municipal Bond Fund) has been changed as
follows:
<TABLE>
Old Name New Name
<S> <C>
Evergreen Tax Free Fund Evergreen Municipal Bond Fund
Evergreen High Grade Tax Free Fund Evergreen High Grade Municipal Bond Fund
Evergreen California Tax Free Fund Evergreen California Municipal Bond Fund
Evergreen Massachusetts Tax FreeFund Evergreen Massachusetts Municipal Bond Fund
Evergreen Missouri Tax Free Fund Evergreen Missouri Municipal Bond Fund
Evergreen New Jersey TaxFree Income Fund Evergreen New Jersey Municipal Bond Fund
Evergreen New York Tax Free Fund Evergreen New York Municipal Bond Fund
Evergreen Pennsylvania Tax Free Fund Evergreen Pennsylvania Municipal Bond Fund
</TABLE>
II. The section of the prospectus for Evergreen High Grade Municipal Bond Fund,
Evergreen Municipal Bond Fund and Evergreen Short-Intermediate Municipal Bond
Fund entitled "Options and Futures" is revised by replacing the first paragraph
with the following:
"The Funds may buy and sell futures and options on futures relating to,
(i) individual securities and (ii) indices. In addition, Evergreen Municipal
Bond Fund may buy and sell futures and options on futures relating to foreign
currencies. Such transactions may be entered into in order to hedge against
declines in market and to gain exposure to markets prior to buying individual
securities."
February 3, 1999
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