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<PAGE> PAGE 2
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<PAGE> PAGE 3
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022 C000002 2565
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<PAGE> PAGE 4
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<PAGE> PAGE 6
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SIGNATURE J. KEVIN KENELY
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN OMEGA FUND CLASS A
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> SEPT-30-1997
<INVESTMENTS-AT-COST> 214,442,720
<INVESTMENTS-AT-VALUE> 287,673,791
<RECEIVABLES> 2,754,096
<ASSETS-OTHER> 95,585
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 290,523,472
<PAYABLE-FOR-SECURITIES> 304,300
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 950,574
<TOTAL-LIABILITIES> 1,254,874
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 199,064,970
<SHARES-COMMON-STOCK> 7,177,212
<SHARES-COMMON-PRIOR> 7,932,600
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (2,889)
<ACCUMULATED-NET-GAINS> 16,975,446
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 73,231,071
<NET-ASSETS> 289,268,598
<DIVIDEND-INCOME> 1,635,384
<INTEREST-INCOME> 589,621
<OTHER-INCOME> 0
<EXPENSES-NET> (3,355,469)
<NET-INVESTMENT-INCOME> (1,130,464)
<REALIZED-GAINS-CURRENT> 17,255,823
<APPREC-INCREASE-CURRENT> 35,276,768
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 6,112,342
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 764,570
<NUMBER-OF-SHARES-REDEEMED> (1,812,460)
<SHARES-REINVESTED> 292,502
<NET-CHANGE-IN-ASSETS> (14,871,793)
<ACCUMULATED-NII-PRIOR> 0
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<GROSS-EXPENSE> (3,377,358)
<AVERAGE-NET-ASSETS> 151,324,768
<PER-SHARE-NAV-BEGIN> 19.52
<PER-SHARE-NII> (0.03)
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<PER-SHARE-NAV-END> 22.69
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<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN OMEGA FUND CLASS A
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> SEPT-30-1997
<INVESTMENTS-AT-COST> 214,442,720
<INVESTMENTS-AT-VALUE> 287,673,791
<RECEIVABLES> 2,754,096
<ASSETS-OTHER> 95,585
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 290,523,472
<PAYABLE-FOR-SECURITIES> 304,300
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 950,574
<TOTAL-LIABILITIES> 1,254,874
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 199,064,970
<SHARES-COMMON-STOCK> 5,084,012
<SHARES-COMMON-PRIOR> 4,775,246
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (2,889)
<ACCUMULATED-NET-GAINS> 16,975,446
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 73,231,071
<NET-ASSETS> 289,268,598
<DIVIDEND-INCOME> 1,635,384
<INTEREST-INCOME> 589,621
<OTHER-INCOME> 0
<EXPENSES-NET> (3,355,469)
<NET-INVESTMENT-INCOME> (1,130,464)
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<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 6,112,342
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,361,525
<NUMBER-OF-SHARES-REDEEMED> (1,280,735)
<SHARES-REINVESTED> 227,976
<NET-CHANGE-IN-ASSETS> 5,281,615
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (3,377,358)
<AVERAGE-NET-ASSETS> 99,174,310
<PER-SHARE-NAV-BEGIN> 18.83
<PER-SHARE-NII> (0.15)
<PER-SHARE-GAIN-APPREC> 3.88
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.85)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 21.71
<EXPENSE-RATIO> 0.02
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN OMEGA FUND CLASS A
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> SEPT-30-1997
<INVESTMENTS-AT-COST> 214,442,720
<INVESTMENTS-AT-VALUE> 287,673,791
<RECEIVABLES> 2,754,096
<ASSETS-OTHER> 95,585
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<PAYABLE-FOR-SECURITIES> 304,300
<SENIOR-LONG-TERM-DEBT> 0
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<TOTAL-LIABILITIES> 1,254,874
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 199,064,970
<SHARES-COMMON-STOCK> 738,911
<SHARES-COMMON-PRIOR> 934,553
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (2,889)
<ACCUMULATED-NET-GAINS> 16,975,446
<OVERDISTRIBUTION-GAINS> 0
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<INTEREST-INCOME> 589,621
<OTHER-INCOME> 0
<EXPENSES-NET> (3,355,469)
<NET-INVESTMENT-INCOME> (1,130,464)
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<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 6,112,342
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 121,875
<NUMBER-OF-SHARES-REDEEMED> (352,354)
<SHARES-REINVESTED> 34,837
<NET-CHANGE-IN-ASSETS> (3,766,590)
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<GROSS-EXPENSE> (3,377,358)
<AVERAGE-NET-ASSETS> 16,115,291
<PER-SHARE-NAV-BEGIN> 18.86
<PER-SHARE-NII> (0.15)
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN OMEGA FUND CLASS A
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> SEPT-30-1997
<INVESTMENTS-AT-COST> 214,442,720
<INVESTMENTS-AT-VALUE> 287,673,791
<RECEIVABLES> 2,754,096
<ASSETS-OTHER> 95,585
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 290,523,472
<PAYABLE-FOR-SECURITIES> 304,300
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 950,574
<TOTAL-LIABILITIES> 1,254,874
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 199,064,970
<SHARES-COMMON-STOCK> 232
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (2,889)
<ACCUMULATED-NET-GAINS> 16,975,446
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 73,231,071
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<DIVIDEND-INCOME> 1,635,384
<INTEREST-INCOME> 589,621
<OTHER-INCOME> 0
<EXPENSES-NET> (3,355,469)
<NET-INVESTMENT-INCOME> (1,130,464)
<REALIZED-GAINS-CURRENT> 17,255,823
<APPREC-INCREASE-CURRENT> 35,276,768
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 6,112,342
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 232
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5,021
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 10,875,135
<OVERDISTRIB-NII-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (3,377,358)
<AVERAGE-NET-ASSETS> 5,101
<PER-SHARE-NAV-BEGIN> 19.98
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<RETURNS-OF-CAPITAL> 0.00
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</TABLE>
The Trustees and Shareholders
Keystone Omega Fund
In planning and performing our audit of the financial statements of Keystone
Omega Fund for the nine-month period ended September 30, 1997 for Class A, Class
B, and Class C shares and the period from January 13, 1997 (Date of Initial
Public Offering) to September 30, 1997 for Class Y shares, we considered its
internal control, including procedures for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing our opinion on
the financial statements and to comply with the requirements of Form N-SAR, not
to provide assurance on internal control.
The management of Keystone Omega Fund is responsible for establishing and
maintaining internal control. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of controls. Generally, controls that are relevant to an audit pertain to
the entity's objective of preparing financial statements for external purposes
that are fairly presented in conformity with generally accepted accounting
principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use, or disposition.
Because of inherent limitations in internal control, errors or irregularities
may occur and not be detected. Also, projection of any evaluation of internal
control to future periods is subject to the risk that it may become inadequate
because of changes in conditions or that the effectiveness of the design and
operation may deteriorate.
Our consideration of internal control would not necessarily disclose all matters
in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of any
specific internal control component does not reduce to a relatively low level
the risk that errors or irregularities in amounts that would be material in
relation to the financial statements being audited may occur and not be detected
within a timely period by employees in the normal course of performing their
assigned functions. However, we noted no matters involving internal control,
including controls over safeguarding securities, that we consider to be material
weaknesses as defined above as of September 30, 1997.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
October 31, 1997
