SUPPLEMENT TO THE PROSPECTUS
OF
EVERGREEN SHORT AND INTERMEDIATE TERM BOND FUNDS
(the "Funds")
Effective February 1, 2000 the Class C share maximum deferred sales charge
(as a % of either the redemption amount or initial investment, whichever is
lower) is changed to 2.00%. Purchases made prior to February 1, 2000 are subject
to the maximum deferred sales charge stated in the prospectus.
The paragraph describing Class C shares under the section titled "HOW TO
CHOOSE THE SHARE CLASS THAT BEST SUITS YOU" in the Funds' prospectus is replaced
with the following:
Like Class B shares, you do not pay a front-end sales charge on Class C shares.
However, you may pay a deferred sales charge if you redeem your shares within
two years after the month of purchase. Also, these shares do not convert to
Class A shares and so the higher 12b-1 fee paid by the Class C shares continues
for the life of the account.
The amount of the deferred sales charge depends on the length of time the shares
were held, as shown below:
Time Held Deferred Sales Charge
Month of Purchase + First 12 Month Period 2.00%
Month of Purchase + Second 12 Month Period 1.00%
Thereafter 0%
Dealer Allowance 2.00%
Under each Fund's "Example of Fund Expenses," the Class C share example
numbers assuming redemption at the end of the first year are revised to include
the new maximum deferred sales charge as follows:
Evergreen Capital Preservation and Income Fund $402
Evergreen Intermediate Term Bond Fund $403
Evergreen Short-Intermediate Bond Fund $375
February 1, 2000 (1/00)
