EVERGREEN FIXED INCOME TRUST /DE/
497, 2000-07-03
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                           SUPPLEMENT TO PROSPECTUS OF
                 EVERGREEN INTERMEDIATE AND LONG TERM BOND FUNDS



I.       Evergreen High Yield Bond Fund

         Effective  June  26,  2000,  the  section  of the  prospectus  entitled
"INVESTMENT GOAL" is revised in its entirety to read as follows:

         The investment objective of the Fund is high income.


June 30, 2000                                                      555120  6/00



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