SUPPLEMENT TO THE PROSPECTUS
AND STATEMENT OF
ADDITIONAL INFORMATION
OF
EVERGREEN EMERGING MARKETS GROWTH FUND
(the "Fund")
The section of the prospectus entitled "Sub-advisers" under "Management
of the Funds" and the section of the statement of additional information
entitled "Investment Advisers" are hereby supplemented to reflect the following:
Effective September 1, 1997, Keystone Investment Management Company
("Keystone") will become sub-adviser to the Fund. Keystone, located at 200
Berkeley Street, Boston, Massachusetts 02116, has provided investment advisory
and management services to investment companies and private accounts since it
was organized in 1932. As sub-advisor, Keystone's research department and staff
will provide the Capital Management Group of First Union National Bank, the
Fund's investment adviser, with information, investment recommendations, advice
and assistance on the Fund. Keystone will receive a fee equal to: 1% of the
first $100 million of average daily net assets; .95 of 1% of the next $100
million of average daily net assets; .90 of 1% of the next $100 million of
average daily net assets; and .85% of average daily net assets in excess of $300
million from Capital Management Group for its services. Keystone is a subsidiary
of First Union National Bank.
August 13, 1997
EMER-SK
