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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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SIGNATURE DOUGLAS MILLER
TITLE VP FUND ADMN
July 16, 1999
Mr. Bob Hickey
Sullivan & Worcester
Suite 1000
1025 Connecticut Avenue, N.W.
Washington, D.C. 20036
RE: Evergreen High Grade Municipal Bond Fund
Evergreen Short Intermediate Municipal Fund
Evergreen Municipal Bond Fund
Dear Mr. Hickey;
Our independent auditors are performing an audit of the financial statements of
the Funds as of May 31, 1999 and for the year then ended. Please furnish to our
auditors the information requested below involving matters as to which you have
been engaged and to which you have devoted substantive attention on behalf of
the Funds in the form of legal consultation or representation. Please provide
the information requested below, taking into consideration matters that existed
at May 31, 1999 and for the period from that date to the effective date of your
response. Please specify the effective date of your response if it is other than
the date of reply.
Pending or Threatened Litigation
(excluding unasserted claims and assessments)
Please furnish a list of all litigation, claims and assessments (excluding
unasserted claims and assessments) considered by management of the Funds to be
material. Materiality for purposes of this letter includes items involving
amounts exceeding $10,000.
Also, please identify any pending or threatened litigation with respect to which
you have been engaged but as to which you have not yet devoted substantive
attention.
Unasserted Claims and Assessments
We understand that whenever, in the course of performing legal services for us
with respect to a matter recognized to involve an unasserted claim or assessment
which may call for financial statement disclosure, you have formed a
professional conclusion that we should disclose or consider disclosing such
possible claim or assessment, as a matter of
Bob Hickey
Sullivan & Worcester
professional responsibility to us you will so advise us and will consult with us
concerning the question o such disclosure and the applicable requirements of
Statement of Financial Accounting Standards No. 5. Please specifically to our
auditors that our understanding is correct.
Other Matters
Please identify the nature of and reasons for any limitations on your response.
Also, please indicate the amount we were indebted to you for services and
expenses on May 31,1999.
Send your response directly to our auditors, PricewaterhouseCoopers LLP, 160
Federal Street, Boston, MA 02110 Attn: Dave Thornton. An addressed envelope is
included for your convenience. Please send your letter to PricewaterhouseCoopers
on or about July 16, 1999 to allow us to meet the scheduled completion date of
the audit.
Very truly yours,
Doug Miller
Vice President
July 12, 1999
PricewaterhouseCoopers LLP
160 Federal Street
Boston, MA 02110
Re: Evergreen High Grade Municipal Bond Fund
Evergreen Municipal Bond Fund
Evergreen Short Intermediate Municipal Fund
Ladies and Gentlemen:
At your request, as of the date of this letter, I know of no material
threatened or pending litigation against Evergreen High Grade Municipal Bond
Fund, Evergreen Municipal Bond Fund, and Evergreen Short Intermediate Municipal
Fund (the "Funds"), including asserted or unasserted claims or liabilities or
assessments against the Funds and of no contingent claims that might be asserted
against the Funds for matters of which you are aware and matters arising in the
ordinary course of business of the Funds.
This letter is solely for the information and assistance in connection
with your audit of the financial condition of the Funds and is not to be quoted
or otherwise referred to in any financial statements or related documents or
filed with or furnished to any government agency or other persons without my
written consent and with the consent of the Funds.
If you have any questions about this letter, do not hesitate to contact
me.
Very truly yours,
Maureen E. Towle
Counsel
cc: Doug Miller
July 16, 1999
Mr. Bob Hickey
Sullivan & Worcester
Suite 1000
1025 Connecticut Avenue, N.W.
Washington, D.C. 20036
RE: Evergreen High Grade Municipal Bond Fund
Evergreen Short Intermediate Municipal Fund
Evergreen Municipal Bond Fund
Dear Mr. Hickey;
Our independent auditors are performing an audit of the financial statements of
the Funds as of May 31, 1999 and for the year then ended. Please furnish to our
auditors the information requested below involving matters as to which you have
been engaged and to which you have devoted substantive attention on behalf of
the Funds in the form of legal consultation or representation. Please provide
the information requested below, taking into consideration matters that existed
at May 31, 1999 and for the period from that date to the effective date of your
response. Please specify the effective date of your response if it is other than
the date of reply.
Pending or Threatened Litigation
(excluding unasserted claims and assessments)
Please furnish a list of all litigation, claims and assessments (excluding
unasserted claims and assessments) considered by management of the Funds to be
material. Materiality for purposes of this letter includes items involving
amounts exceeding $10,000.
Also, please identify any pending or threatened litigation with respect to which
you have been engaged but as to which you have not yet devoted substantive
attention.
Unasserted Claims and Assessments
We understand that whenever, in the course of performing legal services for us
with respect to a matter recognized to involve an unasserted claim or assessment
which may call for financial statement disclosure, you have formed a
professional conclusion that we should disclose or consider disclosing such
possible claim or assessment, as a matter of
Bob Hickey
Sullivan & Worcester
professional responsibility to us you will so advise us and will consult with us
concerning the question o such disclosure and the applicable requirements of
Statement of Financial Accounting Standards No. 5. Please specifically to our
auditors that our understanding is correct.
Other Matters
Please identify the nature of and reasons for any limitations on your response.
Also, please indicate the amount we were indebted to you for services and
expenses on May 31,1999.
Send your response directly to our auditors, PricewaterhouseCoopers LLP, 160
Federal Street, Boston, MA 02110 Attn: Dave Thornton. An addressed envelope is
included for your convenience. Please send your letter to PricewaterhouseCoopers
on or about July 16, 1999 to allow us to meet the scheduled completion date of
the audit.
Very truly yours,
Doug Miller
Vice President
July 26, 1999
Ms. Santa M. Sasena, Partner
PricewaterhouseCoopers LLP
160 Federal Street
Boston, Massachusetts 02110
Dear Ms. Sasena:
On June 26, 1999, the Board of Trustees of the Evergreen Funds listed on the
attached Exhibits voted not to retain PricewaterhouseCoopers LLP as the
independent accountants for such funds listed on Exhibit I effective immediately
and for such funds listed on Exhibit II effective upon completion of any audits
for their respective fiscal years ending May 31, 1999. This action was
recommended by the funds' Audit Committee on June 26, 1999.
In accordance with the requirements of item 304 of Regulation S-K, please
provide us with a letter from your firm addressed to the Securities and Exchange
Commission stating your agreement with the following:
1.Effective June 26, 1999, the Board of Trustees of the Evergreen Fund specified
on Exhibits I and II voted not to retain PricewaterhouseCoopers LLP as the
funds' independent accountants. This action was recommended by the funds'
Audit Committee on June 26, 1999.
2.PricewaterhouseCoopers LLP's reports on the funds' financial statements for
fiscal years ended in 1999, 1998 and 1997, as applicable, did not contain an
adverse opinion or a disclaimer of opinion, nor were such reports qualified or
modified as to uncertainty, audit scope or accounting principles.
3.During the funds' fiscal years ended in 1999, 1998 and 1997, as applicable,
and through July 22, 1999, there were no disagreements with
PricewaterhouseCoopers LLP on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure,
which disagreements, if not resolved to the satisfaction of
PricewaterhouseCoopers LLP, would have caused it to make reference to the
subject matter of the disagreement in its report on the financial statements
for such years.
A copy of your letter will be filed with the Securities and Exchange Commission
along with this letter as an exhibit to each fund's next Form N-SAR (in
accordance with Sub-Item 77k of Form N-SAR).
Sincerely,
Anthony Fisher
President and Treasurer
Evergreen Funds
Exhibit I
1940Act 1933 Act
Fund SEC File No: SEC File No: Fiscal Years Ending
Evergreen Short
Intermediate Bond Fund 811-7246 333-37643 June 30, 1999
Evergreen Capital
Preservation & Income Fund 811-7246 333-37625 June 30, 1999
Evergreen Intermediate
Term Bond Fund 811-7246 333-37625 June 30, 1999
Evergreen Micro Cap Fund 811-8413 333-37613 September 30, 1999
Evergreen Select
Income Plus Fund 811-08365 333-36019 September 30, 1999
Evergreen Select
Fixed Income Fund 811-08365 333-36019 September 30, 1999
Evergreen Select
Core Bond Fund 811-08365 333-36019 September 30, 1999
Evergreen Select
Total Return Bond Fund 811-08365 333-36019 September 30, 1999
Evergreen Select
Limited Duration Bond Fund 811-08365 333-36019 September 30, 1999
Evergreen Select
International Bond Fund 811-08365 333-36019 September 30, 1999
Evergreen Select
Adjustable Rate Fund 811-08365 333-36019 September 30, 1999
Evergreen Select
Treasury Money Market Fund 811-08405 333-37227 February 28, 2000
Evergreen Select
Money Market Fund 811-08405 333-37227 February 28, 2000
Evergreen Select
Municipal Money Market Fund 811-08405 333-37227 February 28, 2000
Evergreen Select 100%
Treasury Money Market Fund 811-08405 333-37227 February 28, 2000
Evergreen Diversified
Bond Fund 811-7246 333-37643 April 30, 2000
Evergreen High Yield
Bond Fund 811-7246 333-37625 April 30, 2000
Evergreen
U.S. Government Fund 811-7246 333-37433 April 30, 2000
Evergreen Strategic
Income Fund 811-7246 333-37643 April 30, 2000
<PAGE>
Exhibit II
1940Act 1933 Act
Fund SEC File No: SEC File No: Fiscal Years Ending
Evergreen Short-Intermediate
Municipal Bond Fund 811-08367 333-36033 May 31, 1999
Evergreen High Grade
Municipal Bond Fund 811-08367 333-36033 May 31, 1999
Evergreen Municipal
Bond Fund 811-08367 333-36033 May 31, 1999
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
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RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN HIGH GRADE MUNICIPAL BOND FUND CLASS A
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAY-31-1999
<PERIOD-START> JUNE-01-1998
<PERIOD-END> MAY-31-1999
<INVESTMENTS-AT-COST> "112,993,996 "
<INVESTMENTS-AT-VALUE> "115,712,615 "
<RECEIVABLES> "2,111,125 "
<ASSETS-OTHER> "32,573 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "117,856,313 "
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "485,914 "
<TOTAL-LIABILITIES> "485,914 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "57,983,315 "
<SHARES-COMMON-STOCK> "5,725,066 "
<SHARES-COMMON-PRIOR> "5,678,221 "
<ACCUMULATED-NII-CURRENT> "36,273 "
<OVERDISTRIBUTION-NII> "4,675 "
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> "795,453 "
<ACCUM-APPREC-OR-DEPREC> "4,197,953 "
<NET-ASSETS> "63,017,669 "
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> "3,471,224 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(630,173)"
<NET-INVESTMENT-INCOME> "2,841,051 "
<REALIZED-GAINS-CURRENT> "1,768,843 "
<APPREC-INCREASE-CURRENT> "(2,193,301)"
<NET-CHANGE-FROM-OPS> "2,416,593 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(2,850,299)"
<DISTRIBUTIONS-OF-GAINS> "(1,616,602)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "829,516 "
<NUMBER-OF-SHARES-REDEEMED> "(1,053,272)"
<SHARES-REINVESTED> "270,601 "
<NET-CHANGE-IN-ASSETS> "(1,529,024)"
<ACCUMULATED-NII-PRIOR> "45,522 "
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> "(2,226,765)"
<GROSS-ADVISORY-FEES> "(333,145)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(630,173)"
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 0.00
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 0.00
<EXPENSE-RATIO> 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
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</LEGEND>
<SERIES>
<NUMBER> 102
<NAME> EVERGREEN HIGH GRADE MUNICIPAL BOND FUND CLASS B
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAY-31-1999
<PERIOD-START> JUNE-01-1998
<PERIOD-END> MAY-31-1999
<INVESTMENTS-AT-COST> "112,993,996 "
<INVESTMENTS-AT-VALUE> "115,712,615 "
<RECEIVABLES> "2,111,125 "
<ASSETS-OTHER> "32,573 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "117,856,313 "
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "485,914 "
<TOTAL-LIABILITIES> "485,914 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "32,980,050 "
<SHARES-COMMON-STOCK> "2,915,118 "
<SHARES-COMMON-PRIOR> "2,888,261 "
<ACCUMULATED-NII-CURRENT> "25,474 "
<OVERDISTRIBUTION-NII> "2,305 "
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> "576,888 "
<ACCUM-APPREC-OR-DEPREC> "(1,497,059)"
<NET-ASSETS> "32,087,657 "
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> "1,712,924 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(557,435)"
<NET-INVESTMENT-INCOME> "1,155,489 "
<REALIZED-GAINS-CURRENT> "873,956 "
<APPREC-INCREASE-CURRENT> "(1,123,781)"
<NET-CHANGE-FROM-OPS> "905,664 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(1,160,127)"
<DISTRIBUTIONS-OF-GAINS> "(780,637)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "412,546 "
<NUMBER-OF-SHARES-REDEEMED> "(492,984)"
<SHARES-REINVESTED> "107,295 "
<NET-CHANGE-IN-ASSETS> "(713,509)"
<ACCUMULATED-NII-PRIOR> "30,111 "
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> "(1,025,346)"
<GROSS-ADVISORY-FEES> "(164,374)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(557,435)"
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 0.00
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 0.00
<EXPENSE-RATIO> 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
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</LEGEND>
<SERIES>
<NUMBER> 103
<NAME> EVERGREEN HIGH GRADE MUNICIPAL BOND FUND CLASS C
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAY-31-1999
<PERIOD-START> JUNE-01-1998
<PERIOD-END> MAY-31-1999
<INVESTMENTS-AT-COST> "112,993,996 "
<INVESTMENTS-AT-VALUE> "115,712,615 "
<RECEIVABLES> "2,111,125 "
<ASSETS-OTHER> "32,573 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "117,856,313 "
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "485,914 "
<TOTAL-LIABILITIES> "485,914 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "1,004 "
<SHARES-COMMON-STOCK> 90
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (0)
<ACCUM-APPREC-OR-DEPREC> (15)
<NET-ASSETS> 988
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4
<OTHER-INCOME> 0
<EXPENSES-NET> (1)
<NET-INVESTMENT-INCOME> 3
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> (15)
<NET-CHANGE-FROM-OPS> (12)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 90
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 989
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1)
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 0.00
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 0.00
<EXPENSE-RATIO> 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
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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
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</LEGEND>
<SERIES>
<NUMBER> 104
<NAME> EVERGREEN HIGH GRADE MUNICIPAL BOND FUND CLASS Y
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAY-31-1999
<PERIOD-START> JUNE-01-1998
<PERIOD-END> MAY-31-1999
<INVESTMENTS-AT-COST> "112,993,996 "
<INVESTMENTS-AT-VALUE> "115,712,615 "
<RECEIVABLES> "2,111,125 "
<ASSETS-OTHER> "32,573 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "117,856,313 "
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "485,914 "
<TOTAL-LIABILITIES> "485,914 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "21,635,638 "
<SHARES-COMMON-STOCK> "2,022,657 "
<SHARES-COMMON-PRIOR> "2,197,899 "
<ACCUMULATED-NII-CURRENT> "20,508 "
<OVERDISTRIBUTION-NII> "1,750 "
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> "514,374 "
<ACCUM-APPREC-OR-DEPREC> "91,814 "
<NET-ASSETS> "22,264,084 "
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> "1,300,097 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(173,754)"
<NET-INVESTMENT-INCOME> "1,126,343 "
<REALIZED-GAINS-CURRENT> "656,629 "
<APPREC-INCREASE-CURRENT> "(775,315)"
<NET-CHANGE-FROM-OPS> "1,007,657 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(1,128,808)"
<DISTRIBUTIONS-OF-GAINS> "(641,983)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "547,403 "
<NUMBER-OF-SHARES-REDEEMED> "(824,354)"
<SHARES-REINVESTED> "101,709 "
<NET-CHANGE-IN-ASSETS> "(2,712,200)"
<ACCUMULATED-NII-PRIOR> "22,973 "
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> "(641,983)"
<GROSS-ADVISORY-FEES> "(124,797)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(173,754)"
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 0.00
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 0.00
<EXPENSE-RATIO> 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
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</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN SHORT INTERMEDIATE MUNICIPAL BOND FUND CLASS A
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-1999
<PERIOD-START> JUN-01-1998
<PERIOD-END> MAY-31-1999
<INVESTMENTS-AT-COST> "181,211,079 "
<INVESTMENTS-AT-VALUE> "182,386,531 "
<RECEIVABLES> "2,872,760 "
<ASSETS-OTHER> "20,498 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "185,279,789 "
<PAYABLE-FOR-SECURITIES> "9,519,941 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "1,227,519 "
<TOTAL-LIABILITIES> "10,747,460 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "7,842,544 "
<SHARES-COMMON-STOCK> "787,826 "
<SHARES-COMMON-PRIOR> "644,684 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (456)
<ACCUMULATED-NET-GAINS> "105,434 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "27,815 "
<NET-ASSETS> "7,975,337 "
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> "327,018 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(51,757)"
<NET-INVESTMENT-INCOME> "275,261 "
<REALIZED-GAINS-CURRENT> "77,275 "
<APPREC-INCREASE-CURRENT> "(75,027)"
<NET-CHANGE-FROM-OPS> "277,509 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(275,716)"
<DISTRIBUTIONS-OF-GAINS> "(56,521)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "1,287,704 "
<NUMBER-OF-SHARES-REDEEMED> "(1,160,473)"
<SHARES-REINVESTED> "15,911 "
<NET-CHANGE-IN-ASSETS> "1,301,291 "
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (456)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(34,939)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(51,757)"
<AVERAGE-NET-ASSETS> "7,005,956 "
<PER-SHARE-NAV-BEGIN> 10.19
<PER-SHARE-NII> 0.40
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> (0.40)
<PER-SHARE-DISTRIBUTIONS> (0.08)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.12
<EXPENSE-RATIO> 0.75
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
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</LEGEND>
<SERIES>
<NUMBER> 102
<NAME> EVERGREEN SHORT INTERMEDIATE MUNICIPAL BOND FUND CLASS B
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-1999
<PERIOD-START> JUN-01-1998
<PERIOD-END> MAY-31-1999
<INVESTMENTS-AT-COST> "181,211,079 "
<INVESTMENTS-AT-VALUE> "182,386,531 "
<RECEIVABLES> "2,872,760 "
<ASSETS-OTHER> "20,498 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "185,279,789 "
<PAYABLE-FOR-SECURITIES> "9,519,941 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "1,227,519 "
<TOTAL-LIABILITIES> "10,747,460 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "6,225,671 "
<SHARES-COMMON-STOCK> "615,658 "
<SHARES-COMMON-PRIOR> "568,072 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (736)
<ACCUMULATED-NET-GAINS> "84,930 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "(78,106)"
<NET-ASSETS> "6,231,759 "
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> "285,833 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(100,193)"
<NET-INVESTMENT-INCOME> "185,640 "
<REALIZED-GAINS-CURRENT> "68,654 "
<APPREC-INCREASE-CURRENT> "(65,411)"
<NET-CHANGE-FROM-OPS> "188,883 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(186,375)"
<DISTRIBUTIONS-OF-GAINS> "(44,004)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "150,861 "
<NUMBER-OF-SHARES-REDEEMED> "(119,273)"
<SHARES-REINVESTED> "15,998 "
<NET-CHANGE-IN-ASSETS> "557,872 "
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (736)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(30,539)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(100,193)"
<AVERAGE-NET-ASSETS> "6,108,058 "
<PER-SHARE-NAV-BEGIN> 10.19
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> (0.31)
<PER-SHARE-DISTRIBUTIONS> (0.08)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.12
<EXPENSE-RATIO> 1.65
[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> 104
<NAME> EVERGREEN SHORT INTERMEDIATE MUNICIPAL BOND FUND CLASS Y
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-1999
<PERIOD-START> JUN-01-1998
<PERIOD-END> MAY-31-1999
<INVESTMENTS-AT-COST> "181,211,079 "
<INVESTMENTS-AT-VALUE> "182,386,531 "
<RECEIVABLES> "2,872,760 "
<ASSETS-OTHER> "20,498 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "185,279,789 "
<PAYABLE-FOR-SECURITIES> "9,519,941 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "1,227,519 "
<TOTAL-LIABILITIES> "10,747,460 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "158,199,102 "
<SHARES-COMMON-STOCK> "15,838,905 "
<SHARES-COMMON-PRIOR> "16,472,867 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "(18,365)"
<ACCUMULATED-NET-GAINS> "918,753 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "1,225,743 "
<NET-ASSETS> "160,325,233 "
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> "7,551,959 "
<OTHER-INCOME> 0
<EXPENSES-NET> "(1,032,722)"
<NET-INVESTMENT-INCOME> "6,519,237 "
<REALIZED-GAINS-CURRENT> "1,778,257 "
<APPREC-INCREASE-CURRENT> "(1,726,820)"
<NET-CHANGE-FROM-OPS> "6,570,674 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(6,537,604)"
<DISTRIBUTIONS-OF-GAINS> "(1,185,596)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "4,363,929 "
<NUMBER-OF-SHARES-REDEEMED> "(5,186,456)"
<SHARES-REINVESTED> "188,565 "
<NET-CHANGE-IN-ASSETS> "(7,590,474)"
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> "(18,365)"
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(806,335)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(1,032,722)"
<AVERAGE-NET-ASSETS> "161,248,946 "
<PER-SHARE-NAV-BEGIN> 10.19
<PER-SHARE-NII> 0.41
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> (0.41)
<PER-SHARE-DISTRIBUTIONS> (0.08)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.12
<EXPENSE-RATIO> 0.65
[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 MUNICIPAL BOND FUND CLASS A
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> SEP-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> "1,146,686,341 "
<INVESTMENTS-AT-VALUE> "1,174,813,403 "
<RECEIVABLES> "27,921,425 "
<ASSETS-OTHER> "252,640 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "1,202,987,468 "
<PAYABLE-FOR-SECURITIES> "12,774,109 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "5,425,215 "
<TOTAL-LIABILITIES> "18,199,324 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "1,161,563,235 "
<SHARES-COMMON-STOCK> "147,008,498 "
<SHARES-COMMON-PRIOR> "159,872,745 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "(61,379)"
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> "(4,249,529)"
<ACCUM-APPREC-OR-DEPREC> "(57,533,901)"
<NET-ASSETS> "1,099,718,426 "
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> "59,870,812 "
<OTHER-INCOME> "2,845,501 "
<EXPENSES-NET> "(9,946,417)"
<NET-INVESTMENT-INCOME> "52,769,896 "
<REALIZED-GAINS-CURRENT> "(62,467)"
<APPREC-INCREASE-CURRENT> "(30,240,445)"
<NET-CHANGE-FROM-OPS> "22,466,984 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(52,828,617)"
<DISTRIBUTIONS-OF-GAINS> "(35,326,187)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "28,166,524 "
<NUMBER-OF-SHARES-REDEEMED> "(47,475,315)"
<SHARES-REINVESTED> "6,444,544 "
<NET-CHANGE-IN-ASSETS> "(164,666,474)"
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> "11,247,631 "
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(4,873,104)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(9,946,417)"
<AVERAGE-NET-ASSETS> "1,174,102,420 "
<PER-SHARE-NAV-BEGIN> 7.78
<PER-SHARE-NII> 0.34
<PER-SHARE-GAIN-APPREC> (0.07)
<PER-SHARE-DIVIDEND> (0.34)
<PER-SHARE-DISTRIBUTIONS> (0.23)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 7.48
<EXPENSE-RATIO> 0.85
[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 MUNICIPAL BOND FUND CLASS B
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> SEP-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> "1,146,686,341 "
<INVESTMENTS-AT-VALUE> "1,174,813,403 "
<RECEIVABLES> "27,921,425 "
<ASSETS-OTHER> "252,640 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "1,202,987,468 "
<PAYABLE-FOR-SECURITIES> "12,774,109 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "5,425,215 "
<TOTAL-LIABILITIES> "18,199,324 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "(19,545,345)"
<SHARES-COMMON-STOCK> "10,449,662 "
<SHARES-COMMON-PRIOR> "16,030,234 "
<ACCUMULATED-NII-CURRENT> "385,848 "
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> "8,783,659 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "88,545,235 "
<NET-ASSETS> "78,169,397 "
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> "5,440,875 "
<OTHER-INCOME> "258,884 "
<EXPENSES-NET> "(1,703,190)"
<NET-INVESTMENT-INCOME> "3,996,569 "
<REALIZED-GAINS-CURRENT> "(21,725)"
<APPREC-INCREASE-CURRENT> "(2,422,231)"
<NET-CHANGE-FROM-OPS> "1,552,613 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(4,001,229)"
<DISTRIBUTIONS-OF-GAINS> "(3,564,827)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "1,822,072 "
<NUMBER-OF-SHARES-REDEEMED> "(7,959,309)"
<SHARES-REINVESTED> "556,665 "
<NET-CHANGE-IN-ASSETS> "(48,647,556)"
<ACCUMULATED-NII-PRIOR> "385,382 "
<ACCUMULATED-GAINS-PRIOR> "10,573,110 "
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(443,075)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(1,703,190)"
<AVERAGE-NET-ASSETS> "106,752,300 "
<PER-SHARE-NAV-BEGIN> 7.78
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> (0.07)
<PER-SHARE-DIVIDEND> (0.29)
<PER-SHARE-DISTRIBUTIONS> (0.23)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 7.48
<EXPENSE-RATIO> 1.60
[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> 103
<NAME> EVERGREEN MUNICIPAL BOND FUND CLASS C
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> SEP-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> "1,146,686,341 "
<INVESTMENTS-AT-VALUE> "1,174,813,403 "
<RECEIVABLES> "27,921,425 "
<ASSETS-OTHER> "252,640 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "1,202,987,468 "
<PAYABLE-FOR-SECURITIES> "12,774,109 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "5,425,215 "
<TOTAL-LIABILITIES> "18,199,324 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "8,604,539 "
<SHARES-COMMON-STOCK> "922,319 "
<SHARES-COMMON-PRIOR> "991,117 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (422)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> "(39,939)"
<ACCUM-APPREC-OR-DEPREC> "(1,664,848)"
<NET-ASSETS> "6,899,330 "
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> "375,026 "
<OTHER-INCOME> "17,827 "
<EXPENSES-NET> "(117,285)"
<NET-INVESTMENT-INCOME> "275,568 "
<REALIZED-GAINS-CURRENT> (324)
<APPREC-INCREASE-CURRENT> "(190,724)"
<NET-CHANGE-FROM-OPS> "84,520 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(276,027)"
<DISTRIBUTIONS-OF-GAINS> "(220,155)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "109,350 "
<NUMBER-OF-SHARES-REDEEMED> "(224,935)"
<SHARES-REINVESTED> "46,787 "
<NET-CHANGE-IN-ASSETS> "(940,526)"
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "(30,544)"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "(117,285)"
<AVERAGE-NET-ASSETS> "7,358,262 "
<PER-SHARE-NAV-BEGIN> 7.78
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> (0.07)
<PER-SHARE-DIVIDEND> (0.29)
<PER-SHARE-DISTRIBUTIONS> (0.23)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 7.48
<EXPENSE-RATIO> 1.60
[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> 104
<NAME> EVERGREEN MUNICIPAL BOND FUND CLASS Y
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> SEP-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> "1,146,686,341 "
<INVESTMENTS-AT-VALUE> "1,174,813,403 "
<RECEIVABLES> "27,921,425 "
<ASSETS-OTHER> "252,640 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "1,202,987,468 "
<PAYABLE-FOR-SECURITIES> "12,774,109 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "5,425,215 "
<TOTAL-LIABILITIES> "18,199,324 "
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "1,004 "
<SHARES-COMMON-STOCK> 132
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (14)
<NET-ASSETS> 990
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 4
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> (14)
<NET-CHANGE-FROM-OPS> (10)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 132
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 990
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 927
<PER-SHARE-NAV-BEGIN> 7.57
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> (0.10)
<PER-SHARE-DIVIDEND> (0.03)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 7.48
<EXPENSE-RATIO> 0.58
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
