EVERGREEN INVESTMENT TRUST, 497, 1996-09-17

EVERGREEN INVESTMENT TRUST
497, 1996-09-17

Previous: ELLISON RAY MORTGAGE ACCEPTANCE CORP, 424B5, 1996-09-17

Next: PRUDENTIAL BACHE WATSON & TAYLOR LTD 3, DEF 14A, 1996-09-17




- -----------------------------------------------------------------------

EVERGREEN SPECIALTY GROWTH AND INCOME FUNDS        September 16, 1996
- -----------------------------------------------------------------------


EVERGREEN UTILITY FUND

Class Y Shares
Class A Shares
Class B Shares
Class C Shares


Supplement to Prospectuses dated April 1, 1996


The  following  should be  substituted  for the last two  sentences in the sixth
paragraph in the section entitled "Investment Advisers" in each Prospectus under
the heading "Management of the Funds":


     Paul A. DiLella,  a Vice President and Senior  Investment  Officer of FUNB,
          has been the  portfolio  manager of the  Evergreen  Utility Fund since
          August 1996. Mr. DiLella joined First Fidelity Bank in 1982, which was
          acquired by FUNB in 1995, as Vice  President and Portfolio  Manager in
          the Asset Management Group.


<PAGE>