SUPPLEMENT TO THE PROSPECTUSES
OF
THE EVERGREEN SHORT AND INTERMEDIATE TERM BOND
FUNDS
I. Evergreen Intermediate Term Government Securities Fund
Proposed Fund Reorganization
On March 12, 1999, the Board of Trustees of Evergreen Intermediate Term
Government Securities Fund ("Intermediate") approved a proposal to reorganize
Intermediate into Evergreen U.S Government Fund ("U.S. Government"). If the
shareholders of Intermediate approve the proposal, all of the assets of
Intermediate will be transferred to U.S. Government and shareholders of
Intermediate will receive shares of U.S. Government in exchange for their
shares. Shareholders of Intermediate as of May 5, 1999 are scheduled to vote on
the proposal at a special meeting of shareholders to be held on July 23, 1999.
If approved, the reorganization is proposed to take place on July 30, 1999.
Shareholders of Intermediate will be mailed information detailing the proposal
on or about June 2, 1999.
April 1, 1999
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