SUPPLEMENT TO THE PROSPECTUSES AND
STATEMENTS OF ADDITIONAL INFORMATION ("SAI") OF
EVERGREEN STATE MUNICIPAL BOND FUNDS
EVERGREEN NATIONAL MUNICIPAL BOND FUNDS
EVERGREEN BALANCED FUNDS
EVERGREEN INTERMEDIATE AND LONG TERM BOND FUNDS
EVERGREEN VARIABLE ANNUITY FUNDS
EVERGREEN MONEY MARKET FUNDS
I. Evergreen Short-Intermediate Municipal Fund (the "Fund")
The prospectus and SAI of the Fund is hereby revised to add the word
"Bond" to the name of the Fund. The new name of the Fund is Evergreen
Short-Intermediate Municipal Bond Fund.
II. Evergreen Pennsylvania Municipal Bond Fund, Evergreen Municipal Bond
Fund, Evergreen Short-Intermediate Municipal Bond Fund, Evergreen
Foundation Fund, Evergreen Tax Strategic Foundation Fund, Evergreen
Quality Income Fund, Evergreen Florida Municipal Money Market Fund,
Evergreen Money Market Fund, Evergreen Municipal Money Market Fund,
Evergreen New Jersey Municipal Money Market Fund, Evergreen
Pennsylvania Municipal Money Market Fund, Evergreen VA Capital Growth
Fund, Evergreen VA Foundation Fund, Evergreen VA Fund, Evergreen VA
Global Leaders Fund, Evergreen VA Growth and Income Fund, Evergreen VA
Growth Fund, Evergreen VA High Income Fund, Evergreen VA Masters Fund,
Evergreen VA Small Cap Value Fund
(collectively, the "Funds")
Effective November 1, 2000, the Funds will change investment advisors.
There will be no change in either the portfolio manager(s) of the Funds or the
advisory fees paid by the Funds.
In conjunction with the above, the following changes apply to the
Funds' prospectuses and SAIs.
State Municipal Bond Funds:
The section of the prospectus entitled "FUND FACTS" for Evergreen
Pennsylvania Municipal Bond Fund is supplemented as follows:
Investment Advisor:
o Evergreen Investment Management
The section entitled "THE FUNDS' INVESTMENT ADVISORS" is supplemented
as follows:
Evergreen Investment Management (EIM) is the investment advisor to
o Pennsylvania Municipal Bond Fund
EIM (formerly known as Capital Management Group, or CMG), a division of
First Union National Bank (FUNB), has been managing money for over 50
years and currently manages over $30.1 billion in assets for 36 of the
Evergreen Funds. EIM is located at 201 South College Street, Charlotte,
North Carolina 28288-0630.
The section in part one of the SAI entitled "Advisory Fees" under
`EXPENSES' is supplemented as follows:
Evergreen Investment Management ("EIM") is the investment advisor to
Pennsylvania Municipal Bond Fund.
National Municipal Bond Funds:
The section of the prospectus entitled "FUND FACTS" for Evergreen
Municipal Bond Fund and Evergreen Short-Intermediate Municipal Bond Fund is
supplemented as follows:
Investment Advisor:
o Evergreen Investment Management
The section entitled "THE FUNDS' INVESTMENT ADVISORS" is supplemented
as follows:
Evergreen Investment Management (EIM) is the investment advisor to:
o Municipal Bond Fund
o Short-Intermediate Municipal Bond Fund
EIM (formerly known as Capital Management Group, or CMG), a division of
First Union National Bank (FUNB), has been managing money for over 50
years and currently manages over $30.1 billion in assets for 36 of the
Evergreen Funds. EIM is located at 201 South College Street, Charlotte,
North Carolina 28288-0630.
The section in part one of the SAI entitled "Advisory Fees" under
`EXPENSES' is supplemented as follows:
Evergreen Investment Management ("EIM") is the investment advisor to
Municipal Bond Fund and Short-Intermediate Municipal Bond Fund.
Balanced Funds:
The section of the prospectus entitled "FUND FACTS" for Evergreen
Foundation Fund and Evergreen Tax Strategic Foundation Fund is supplemented as
follows:
Investment Advisor:
o Evergreen Investment Management Company
The section entitled "THE FUNDS' INVESTMENT ADVISORS" is supplemented
as follows:
Evergreen Investment Management Company (EIMC) is the investment
advisor to:
o Foundation Fund
o Tax Strategic Foundation Fund
EIMC has been managing mutual funds and private accounts since 1932 and
currently manages over $12.9 billion in assets for 28 of the Evergreen
Funds. EIMC is located at 200 Berkeley Street, Boston, Massachusetts
02116-5034.
The section in part one of the SAI entitled "Advisory Fees" under
`EXPENSES' is supplemented as follows:
Evergreen Investment Management Company ("EIMC") is the investment
advisor to Foundation Fund and Tax Strategic Foundation Fund.
Intermediate and Long Term Bond Funds:
The section of the prospectus entitled "FUND FACTS" for Evergreen
Quality Income Fund is supplemented as follows:
Investment Advisor:
o Evergreen Investment Management Company
The section entitled "THE FUNDS' INVESTMENT ADVISORS" is supplemented
as follows:
Evergreen Investment Management Company (EIMC) is the investment
advisor to:
o Quality Income Fund
EIMC has been managing mutual funds and private accounts since 1932 and
currently manages over $12.9 billion in assets for 28 of the Evergreen
Funds. EIMC is located at 200 Berkeley Street, Boston, Massachusetts
02116-5034.
The section in the part one of the SAI entitled "Advisory Fees" under
`EXPENSES' is supplemented as follows:
Evergreen Investment Management Company ("EIMC") is the investment
advisor to Quality Income Fund.
Variable Annuity Funds:
The section of the prospectus entitled "FUND FACTS" for Evergreen VA
Capital Growth Fund, Evergreen VA Foundation Fund, Evergreen VA Fund, Evergreen
VA Global Leaders Fund, Evergreen VA Growth and Income Fund, Evergreen VA Growth
Fund, Evergreen VA High Income Fund, Evergreen VA Masters Fund and Evergreen VA
Small Cap Value Fund is supplemented as follows:
Investment Advisor:
o Evergreen Investment Management Company
The section entitled "THE FUNDS' INVESTMENT ADVISORS" is supplemented
as follows:
Evergreen Investment Management Company (EIMC) is the investment
advisor to:
o VA Capital Growth Fund
o VA Foundation Fund
o VA Fund
o VA Global Leaders Fund
o VA Growth and Income Fund
o VA Growth Fund
o VA High Income Fund
o VA Masters Fund
o VA Small Cap Value Fund
EIMC has been managing mutual funds and private accounts since 1932 and
currently manages over $12.9 billion in assets for 28 of the Evergreen
Funds. EIMC is located at 200 Berkeley Street, Boston, Massachusetts
02116-5034.
The section in part one of the SAI entitled "Advisory Fees" under
`EXPENSES' is supplemented as follows:
Evergreen Investment Management Company ("EIMC") is the investment
advisor to VA Capital Growth Fund, VA Foundation Fund, VA Fund, VA Global
Leaders Fund, VA Growth and Income Fund, VA Growth Fund, VA High Income Fund, VA
Masters Fund and VA Small Cap Value Fund.
Money Market Funds:
The section of the prospectus entitled "FUND FACTS" for Evergreen
Florida Municipal Money Market Fund, Evergreen Municipal Money Market Fund,
Evergreen New Jersey Municipal Money Market Fund and Evergreen Pennsylvania
Municipal Money Market Fund is supplemented as follows:
Investment Advisor:
o Evergreen Investment Management Company
The section of the prospectus entitled "FUND FACTS" for Evergreen Money
Market Fund is supplemented as follows:
Investment Advisor:
o Evergreen Investment Management
The section entitled "THE FUNDS' INVESTMENT ADVISORS" is supplemented
as follows:
Evergreen Investment Management Company (EIMC) is the investment
advisor to:
o Florida Municipal Money Market Fund
o Municipal Money Market Fund
o New Jersey Municipal Money Market Fund
o Pennsylvania Municipal Money Market Fund
EIMC has been managing mutual funds and private accounts since 1932 and
currently manages over $12.9 billion in assets for 28 of the Evergreen
Funds. EIMC is located at 200 Berkeley Street, Boston, Massachusetts
02116-5034.
Evergreen Investment Management (EIM) is the investment advisor to
o Money Market Fund
EIM (formerly known as Capital Management Group, or CMG), a division of
First Union National Bank (FUNB), has been managing money for over 50
years and currently manages over $30.1 billion in assets for 36 of the
Evergreen Funds. EIM is located at 201 South College Street, Charlotte,
North Carolina 28288-0630.
The section in part one of the SAI entitled "Advisory Fees" under
`EXPENSES' is supplemented as follows:
Evergreen Investment Management Company ("EIMC") is the investment
advisor to Florida Municipal Money Market Fund, Municipal Money Market Fund, New
Jersey Municipal Money Market Fund and Pennsylvania Municipal Money Market Fund.
Evergreen Investment Management ("EIM") is the investment advisor to
Money Market Fund.
November 1, 2000 556325 11/00
