EVERGREEN FIXED INCOME TRUST /DE/
497, 2000-07-28
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                           SUPPLEMENT TO PROSPECTUSES
                                       OF
                       EVERGREEN SELECT FIXED INCOME FUNDS
                          EVERGREEN SELECT EQUITY FUNDS
                       EVERGREEN SELECT MONEY MARKET FUNDS
                      EVERGREEN STATE MUNICIPAL BOND FUNDS
                        EVERGREEN GROWTH AND INCOME FUNDS
                          EVERGREEN MONEY MARKET FUNDS
                  EVERGREEN SOUTHERN STATE MUNICIPAL BOND FUNDS
                EVERGREEN SHORT AND INTERMEDIATE TERM BOND FUNDS
                 EVERGREEN INTERNATIONAL AND GLOBAL GROWTH FUNDS
                         EVERGREEN DOMESTIC GROWTH FUNDS
                      EVERGREEN RESERVE MONEY MARKET FUNDS


         Effective August 1, 2000, the section of the Funds' prospectus entitled
"Reinvestment  Privileges"  under OTHER  SERVICES is revised in its  entirety as
follows:

Reinstatement Privileges
Within 90 days of redemption a shareholder may reestablish  their  investment at
NAV by  reinvesting  some,  or all, of their  redemption  proceeds into the same
share class of any Evergreen  Fund. If a deferred sales charge was deducted from
your redemption  proceeds,  the full amount of the deferred sales charge will be
credited to your account and your  deferred  sales charge  schedule  will resume
from the time of the original redemption.


August 1, 2000



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