<PAGE>
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000 J000000 A
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002 D010000 10577
003 000000 N
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006 000000 N
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007 C030100 N
007 C010200 2
007 C020200 THE EVERGREEN SMALL CAP EQUITY INCOME FUND
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007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
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008 C00AA01 801-46522
008 D01AA01 PURCHASE
008 D02AA01 NY
008 D03AA01 10577
008 A00AA02 LIEBER & CO.
008 B00AA02 S
008 C00AA02 801-5923
008 D01AA02 PURCHASE
008 D02AA02 NY
008 D03AA02 10577
011 A00AA01 EVERGREEN FUNDS DISTRIBUTOR, INC.
011 B00AA01 8-46906
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<PAGE>
011 C02AA01 NY
011 C03AA01 10017
012 A00AA01 STATE STREET BANK & TRUST CO.
012 B00AA01 84-
012 C01AA01 NORTH QUINCY
012 C02AA01 MA
012 C03AA01 02171
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 LIEBER & CO.
014 B00AA01 8-14923
014 A00AA02 FIRST UNION BROKERAGE SERVICES, INC.
014 B00AA02 8-24369
015 A00AA01 STATE STREET BANK & TRUST COMPANY
015 B00AA01 C
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020 B000001 13-2639722
020 C000001 58
020 A000002 INSTINET CORP.
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020 C000002 3
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020 B000003 13-2766571
020 C000003 1
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020 B000004 13-3299429
020 C000004 1
020 A000005 SALOMON BROTHERS
020 B000005 13-3082694
020 C000005 1
020 C000006 0
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020 C000010 0
021 000000 63
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<PAGE>
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022 A000003 CHEMICAL BANK & CO.
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022 C000003 5976
022 D000003 1458
022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
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022 C000004 4776
022 D000004 1527
022 A000005 LEHMAN BROTHERS, INC.
022 B000005 13-2518466
022 C000005 4344
022 D000005 1806
022 A000006 B.A. SECURITIES, INC.
022 B000006 95-4035346
022 C000006 3386
022 D000006 0
022 A000007 FIRST CHICAGO CORP.
022 B000007 36-3595942
022 C000007 2741
022 D000007 399
022 A000008 OPPENHEIMER & CO.
022 B000008 13-2798343
022 C000008 2273
022 D000008 0
022 A000009 MCMAHAN & CO.
022 B000009 06-1229141
022 C000009 156
022 D000009 1848
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022 C000010 640
022 D000010 820
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<PAGE>
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024 000100 N
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051 000100 N
052 000100 N
053 A000100 Y
053 B000100 N
053 C000100 N
054 A000100 Y
054 B000100 Y
054 C000100 Y
054 D000100 N
054 E000100 N
054 F000100 N
054 G000100 Y
054 H000100 N
054 I000100 N
054 J000100 N
054 K000100 N
054 L000100 Y
054 M000100 Y
054 N000100 N
054 O000100 N
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
058 A000100 N
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066 F000100 N
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067 000100 Y
068 A000100 N
068 B000100 N
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070 A010100 N
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070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
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080 A000100 VIGILANT INSURANCE CO.
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<PAGE>
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052 000200 N
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<PAGE>
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<PAGE>
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<PAGE>
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SIGNATURE NOLA M. FALCONE
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<NAME> Evergreen American Retirement Fund Class A
<SERIES>
<NUMBER> 11
<PERIOD-TYPE> 12-MOS
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<PERIOD-END> Dec-31-1995
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<NAME> Evergreen American Retirement Fund Class B
<SERIES>
<NUMBER> 12
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Dec-31-1995
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<PERIOD-END> Dec-31-1995
<INVESTMENTS-AT-COST> 41,078,437
<INVESTMENTS-AT-VALUE> 47,588,365
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<ACCUMULATED-NET-GAINS> 155,675
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<NAME> Evergreen American Retirement Fund Class C
<SERIES>
<NUMBER> 13
<PERIOD-TYPE> 12-MOS
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<EXPENSES-NET> 511,276
<NET-INVESTMENT-INCOME> 1,556,941
<REALIZED-GAINS-CURRENT> 460,019
<APPREC-INCREASE-CURRENT> 6,860,189
<NET-CHANGE-FROM-OPS> 8,877,149
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 987
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 1
<NUMBER-OF-SHARES-SOLD> 8,507
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 70
<NET-CHANGE-IN-ASSETS> 8,435,817
<ACCUMULATED-NII-PRIOR> 13,904
<ACCUMULATED-GAINS-PRIOR> (303,119)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 297,242
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 587,740
<AVERAGE-NET-ASSETS> 25,272
<PER-SHARE-NAV-BEGIN> 10.65
<PER-SHARE-NII> 0.36
<PER-SHARE-GAIN-APPREC> 2.19
<PER-SHARE-DIVIDEND> (0.39)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.81
<EXPENSE-RATIO> 2.10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<NAME> Evergreen American Retirement Fund Class Y
<SERIES>
<NUMBER> 14
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Dec-31-1995
<INVESTMENTS-AT-COST> 41,078,437
<INVESTMENTS-AT-VALUE> 47,588,365
<RECEIVABLES> 768,792
<ASSETS-OTHER> 49,836
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 48,406,993
<PAYABLE-FOR-SECURITIES> 2,611,882
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 183,355
<TOTAL-LIABILITIES> 2,795,237
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 38,946,153
<SHARES-COMMON-STOCK> 3,064,399
<SHARES-COMMON-PRIOR> 3,485,622
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 155,675
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,509,928
<NET-ASSETS> 39,327,261
<DIVIDEND-INCOME> 1,073,750
<INTEREST-INCOME> 994,467
<OTHER-INCOME> 0
<EXPENSES-NET> 511,276
<NET-INVESTMENT-INCOME> 1,556,941
<REALIZED-GAINS-CURRENT> 460,019
<APPREC-INCREASE-CURRENT> 6,860,189
<NET-CHANGE-FROM-OPS> 8,877,149
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,498,372
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 1,166
<NUMBER-OF-SHARES-SOLD> 280,323
<NUMBER-OF-SHARES-REDEEMED> 808,529
<SHARES-REINVESTED> 106,983
<NET-CHANGE-IN-ASSETS> 8,435,817
<ACCUMULATED-NII-PRIOR> 13,904
<ACCUMULATED-GAINS-PRIOR> (303,119)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 297,242
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 587,740
<AVERAGE-NET-ASSETS> 38,124,346
<PER-SHARE-NAV-BEGIN> 10.67
<PER-SHARE-NII> 0.47
<PER-SHARE-GAIN-APPREC> 2.16
<PER-SHARE-DIVIDEND> (0.47)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.83
<EXPENSE-RATIO> 1.26
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<NAME> Evergreen Small Cap Equity Income Fund Class A
<SERIES>
<NUMBER> 21
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Dec-31-1995
<INVESTMENTS-AT-COST> 4,582,021
<INVESTMENTS-AT-VALUE> 5,253,408
<RECEIVABLES> 58,716
<ASSETS-OTHER> 66,557
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,378,681
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 66,465
<TOTAL-LIABILITIES> 66,465
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,608,407
<SHARES-COMMON-STOCK> 18,701
<SHARES-COMMON-PRIOR> 13,139
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 32,400
<OVERDISTRIBUTION-GAINS> 22
<ACCUM-APPREC-OR-DEPREC> 671,387
<NET-ASSETS> 216,434
<DIVIDEND-INCOME> 142,214
<INTEREST-INCOME> 87,823
<OTHER-INCOME> 0
<EXPENSES-NET> 70,315
<NET-INVESTMENT-INCOME> 159,722
<REALIZED-GAINS-CURRENT> 232,995
<APPREC-INCREASE-CURRENT> 786,111
<NET-CHANGE-FROM-OPS> 1,178,828
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,601
<DISTRIBUTIONS-OF-GAINS> 8,583
<DISTRIBUTIONS-OTHER> 488
<NUMBER-OF-SHARES-SOLD> 20,272
<NUMBER-OF-SHARES-REDEEMED> 2,789
<SHARES-REINVESTED> 1,218
<NET-CHANGE-IN-ASSETS> 1,699,394
<ACCUMULATED-NII-PRIOR> 595
<ACCUMULATED-GAINS-PRIOR> 38,319
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 45,397
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 280,296
<AVERAGE-NET-ASSETS> 136,548
<PER-SHARE-NAV-BEGIN> 9.64
<PER-SHARE-NII> 0.34
<PER-SHARE-GAIN-APPREC> 2.45
<PER-SHARE-DIVIDEND> (0.37)
<PER-SHARE-DISTRIBUTIONS> (0.49)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.57
<EXPENSE-RATIO> 1.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<NAME> Evergreen Small Cap Equity Income Fund Class B
<SERIES>
<NUMBER> 22
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Dec-31-1995
<INVESTMENTS-AT-COST> 4,582,021
<INVESTMENTS-AT-VALUE> 5,253,408
<RECEIVABLES> 58,716
<ASSETS-OTHER> 66,557
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,378,681
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 66,465
<TOTAL-LIABILITIES> 66,465
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,608,407
<SHARES-COMMON-STOCK> 22,977
<SHARES-COMMON-PRIOR> 13,049
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 32,400
<OVERDISTRIBUTION-GAINS> 22
<ACCUM-APPREC-OR-DEPREC> 671,387
<NET-ASSETS> 265,840
<DIVIDEND-INCOME> 142,214
<INTEREST-INCOME> 87,823
<OTHER-INCOME> 0
<EXPENSES-NET> 70,315
<NET-INVESTMENT-INCOME> 159,722
<REALIZED-GAINS-CURRENT> 232,995
<APPREC-INCREASE-CURRENT> 786,111
<NET-CHANGE-FROM-OPS> 1,178,828
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,624
<DISTRIBUTIONS-OF-GAINS> 10,427
<DISTRIBUTIONS-OTHER> 251
<NUMBER-OF-SHARES-SOLD> 24,055
<NUMBER-OF-SHARES-REDEEMED> 2,383
<SHARES-REINVESTED> 1,305
<NET-CHANGE-IN-ASSETS> 1,699,394
<ACCUMULATED-NII-PRIOR> 595
<ACCUMULATED-GAINS-PRIOR> 38,319
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 45,397
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 280,296
<AVERAGE-NET-ASSETS> 173,992
<PER-SHARE-NAV-BEGIN> 9.64
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> 2.43
<PER-SHARE-DIVIDEND> (0.29)
<PER-SHARE-DISTRIBUTIONS> (0.49)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.57
<EXPENSE-RATIO> 2.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<NAME> Evergreen Small Cap Equity Income Fund Class C
<SERIES>
<NUMBER> 23
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Dec-31-1995
<INVESTMENTS-AT-COST> 4,582,021
<INVESTMENTS-AT-VALUE> 5,253,408
<RECEIVABLES> 58,716
<ASSETS-OTHER> 66,557
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,378,681
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 66,465
<TOTAL-LIABILITIES> 66,465
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,608,407
<SHARES-COMMON-STOCK> 2,044
<SHARES-COMMON-PRIOR> 1,945
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 32,400
<OVERDISTRIBUTION-GAINS> 22
<ACCUM-APPREC-OR-DEPREC> 671,387
<NET-ASSETS> 23,634
<DIVIDEND-INCOME> 142,214
<INTEREST-INCOME> 87,823
<OTHER-INCOME> 0
<EXPENSES-NET> 70,315
<NET-INVESTMENT-INCOME> 159,722
<REALIZED-GAINS-CURRENT> 232,995
<APPREC-INCREASE-CURRENT> 786,111
<NET-CHANGE-FROM-OPS> 1,178,828
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 388
<DISTRIBUTIONS-OF-GAINS> 900
<DISTRIBUTIONS-OTHER> 33
<NUMBER-OF-SHARES-SOLD> 1,929
<NUMBER-OF-SHARES-REDEEMED> 1
<SHARES-REINVESTED> 116
<NET-CHANGE-IN-ASSETS> 1,699,394
<ACCUMULATED-NII-PRIOR> 595
<ACCUMULATED-GAINS-PRIOR> 38,319
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 45,397
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 280,296
<AVERAGE-NET-ASSETS> 15,824
<PER-SHARE-NAV-BEGIN> 9.64
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> 2.33
<PER-SHARE-DIVIDEND> (0.30)
<PER-SHARE-DISTRIBUTIONS> (0.49)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.56
<EXPENSE-RATIO> 2.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<NAME> Evergreen Small Cap Equity Income Fund Class Y
<SERIES>
<NUMBER> 24
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Dec-31-1995
<INVESTMENTS-AT-COST> 4,582,021
<INVESTMENTS-AT-VALUE> 5,253,408
<RECEIVABLES> 58,716
<ASSETS-OTHER> 66,557
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,378,681
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 66,465
<TOTAL-LIABILITIES> 66,465
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,608,407
<SHARES-COMMON-STOCK> 415,210
<SHARES-COMMON-PRIOR> 403,472
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 32,400
<OVERDISTRIBUTION-GAINS> 22
<ACCUM-APPREC-OR-DEPREC> 671,387
<NET-ASSETS> 4,806,308
<DIVIDEND-INCOME> 142,214
<INTEREST-INCOME> 87,823
<OTHER-INCOME> 0
<EXPENSES-NET> 70,315
<NET-INVESTMENT-INCOME> 159,722
<REALIZED-GAINS-CURRENT> 232,995
<APPREC-INCREASE-CURRENT> 786,111
<NET-CHANGE-FROM-OPS> 1,178,828
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 155,906
<DISTRIBUTIONS-OF-GAINS> 196,151
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 93,274
<NUMBER-OF-SHARES-REDEEMED> 76,033
<SHARES-REINVESTED> 25,655
<NET-CHANGE-IN-ASSETS> 1,699,394
<ACCUMULATED-NII-PRIOR> 595
<ACCUMULATED-GAINS-PRIOR> 38,319
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 45,397
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 280,296
<AVERAGE-NET-ASSETS> 4,216,133
<PER-SHARE-NAV-BEGIN> 9.70
<PER-SHARE-NII> 0.38
<PER-SHARE-GAIN-APPREC> 2.38
<PER-SHARE-DIVIDEND> (0.39)
<PER-SHARE-DISTRIBUTIONS> (0.49)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.58
<EXPENSE-RATIO> 1.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
