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EVERGREEN INTERNATIONAL/GLOBAL GROWTH FUNDS October 1, 1996
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EVERGREEN INTERNATIONAL EQUITY FUND
Class Y Shares
Class A Shares
Class B Shares
Class C Shares
Supplement to Prospectuses dated May 17, 1996
In connection with approval of the selection of Warburg, Pincus
Counsellors, Inc. ("Warburg") as the Sub-Adviser for the Evergreen International
Equity Fund (the "Fund") and approval of the sub-advisory agreement relating to
the Fund between Warburg and the Capital Management Group of First Union
National Bank of North Carolina ("CMG"), the Fund's investment adviser, at a
Special Meeting of Shareholders held on October 1, 1996, the following sections
in the Prospectuses of the Evergreen International/Global Growth Funds dated May
17, 1996, have been amended:
Description of the Funds -- Investment Objectives and Policies (page 10)
The reference to Boston International Advisers, Inc. in the first line
of the second paragraph of the segment relating to the Evergreen International
Equity Fund has been replaced with Warburg, Pincus Counsellors, Inc.
Management of the Funds -- Investment Advisers (page 19)
The following paragraphs in this section have been amended:
Paragraph One: Warburg, Pincus Counsellors, Inc. ("Warburg") has replaced
Boston International Advisers, Inc. ("BIA") as the sub-adviser to the Evergreen
International Equity Fund.
Paragraph Four: The reference to "BIA" in the first line has been replaced
with "Warburg".
Paragraph Five: The third sentence has been deleted and the following
substituted therefor:
CMG has agreed to pay Warburg, the sub-adviser to Evergreen
International Equity Fund, a fee equal to .55 of 1% of the average
daily net assets of the Fund on an annual basis.
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Paragraph Nine: This paragraph has been deleted and the following
substituted therefor:
The portfolio managers for the Evergreen International Equity Fund are
Richard Wagoner, Executive Vice President, Chief Investment Officer of
CMG since 1973 and a Director of Evergreen Asset Management Corp. since
1994, together with Vincent J. McBride, an associate portfolio manager
and research analyst of the Warburg Emerging Markets Fund and Warburg
International Equity Fund who, prior to joining Warburg in 1994, was an
international equity analyst at Smith Barney Inc. from 1993 to 1994, at
General Electric Investment Corporation from 1992 to 1993, and a
portfolio manager/analyst at United Jersey Bank from 1989 to 1992.
Management of the Funds -- Sub-Advisers (page 21)
The third paragraph under this section has been deleted in its entirety and the
following substituted therefor:
Warburg, the sub-adviser to the Evergreen International Equity Fund, was
incorporated in 1970 and is located at 466 Lexington Avenue, New York,
New York. Warburg is a professional investment counselling firm which
provides investment services to investment companies, employee benefit
plans, endowment funds, foundations and other institutions and
individuals, and has broad experience in advising international funds
and assisting such funds in diversifying their international
portfolios on a country-by-country basis. The Directors of Warburg are
Lionel I. Pincus, Chief Executive Officer, John L. Furth, Chairman,
and John L. Vogelstein. E.M. Warburg Pincus & Co., Inc. controls
Warburg. As of June 30, 1996, Warburg was managing approximately $16
billion of assets, including approximately $9.6 billion of investment
company assets.
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