SUPPLEMENT TO PROSPECTUS OF
EVERGREEN SHORT AND INTERMEDIATE TERM BOND FUNDS
I. Evergreen Intermediate Term Bond Fund
The first two sentences of the fourth paragraph under the section
entitled "INVESTMENT STRATEGY" in the Fund's prospectus are replaced with the
following language:
The Fund's dollar-weighted average maturity will be less than 10 years.
Although the Fund may invest in individual securities of any maturity, the Fund
currently expects the dollar-weighted average maturity of its portfolio to range
from 5 to 10 years and the average duration to range from 3 to 7 years.
Evergreen Capital Preservation and Income Fund
Effective April 7, 2000, Class Y shares will no longer be offered.
April 14, 2000 554014 4/00
