SUPPLEMENT TO THE PROSPECTUS OF
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
II. Evergreen Intermediate Term Bond Fund
The section of the Evergreen Intermediate Term Bond Fund's prospectus
entitled "Organization and Service Providers" under the caption "Portfolio
Managers" is supplemented to reflect the following change:
David J. Bowers has been the portfolio manager for the Evergreen
Intermediate Term Bond Fund since January 1999. Mr. Bowers has been a Vice
President and portfolio manager on the High Grade Bond Team of Evergreen
Investment Management Company ("EIMC") since 1995. Prior to his appointment to
portfolio manager of the Evergreen Intermediate Term Bond Fund, Mr. Bowers
served as a fixed income analyst, specializing in investment grade corporate
bonds. He has been an investment professional at EIMC since 1987.
May 3, 1999
548833-5/99
