SUPPLEMENT TO THE PROSPECTUS
OF
EVERGREEN STATE MUNICIPAL BOND FUNDS
I. Evergreen Connecticut Municipal Bond Fund, Evergreen New Jersey
Municipal Bond Fund, Evergreen Pennsylvania Municipal Bond Fund
(together "the Funds")
Effective November 1, 1999, the section of the prospectus entitled "THE
FUNDS' PORTFOLIO MANAGERS" is supplemented to reflect the following change:
Evergreen Connecticut Municipal Bond Fund
Diane C. Beaver has been the Fund's portfolio manager since November
1999. Ms. Beaver has been a municipal trader and assistant portfolio manager at
FUNB since April 1993. She became a portfolio manager in April 1998 and a Vice
President at FUNB in November 1999.
Evergreen New Jersey Municipal Bond Fund
Keith Lowe, CFA, has been the Lead Manager of the Fund since November
1999. Jocelyn Thayer has been the Co-Manager of the Fund since November 1992.
Mr. Lowe joined EIM in August 1994 as a senior municipal analyst and became a
a Vice President in July 1999 and a portfolio manager in November 1999. Ms.
Thayer has been a Vice President and municipal bond fund portfolio manager since
joining FUNB in November 1992.
Evergreen Pennsylvania Municipal Bond Fund
Charles Jeanne, CFA, has been the Lead Manager of the Fund since
November 1999. Jocelyn Thayer has been the Co-Manager of the Fund since November
1997. Mr. Jeanne joined FUNB in July 1989 and has been a portfolio manager with
FUNB since January 1992 and a Vice President since July 1996. Mr. Jeanne has
been affiliated with EIMC since 1993. Ms. Thayer has been a Vice President and
municipal bond fund portfolio manager since joining FUNB in November 1992.
551345 11/99
November 10, 1999
II. Evergreen New Jersey Municipal Bond Fund
Effective February 1, 2000, the footnote to the table under the section
of the prospectus entitled "EXPENSES" for the Fund has been revised to reflect a
reduced fee waiver. The expense chart with the revised footnote reflecting new
post-waiver expenses is as follows:
Annual Fund Operating Expenses
(expenses that are deducted from Fund assets)*
Management 12b-1 Other Total Fund
Fees Fees Expenses Operating Expenses**
Class A 0.50% 0.25% 0.12% 0.87%
Class B 0.50% 1.00% 0.12% 1.62%
Class Y 0.50% None 0.12% 0.62%
*Actual for the fiscal year ended 3/31/1999.
**From time to time, the Fund's investment advisor may, at its discretion,
reduce or waive its fees or reimburse a Fund for certain of its expenses in
order to reduce expense ratios. The Fund's investment advisor may cease these
waivers or reimbursements at any time. The Annual Operating Expenses do not
reflect fee waivers and expense reimbursements. Restated to include current fee
waivers and expense reimbursements Total Fund Operating Expenses were 0.69% for
Class A, 1.60% for Class B and 0.60% for Class Y.
February 1, 2000 552394 2/00
