<PAGE> PAGE 1
000 A000000 06/30/97
000 C000000 0000826733
000 D000000 N
000 E000000 NF
000 F000000 Y
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007 C030100 N
007 C010200 2
007 C020200 THE EVERGREEN SMALL CAP EQUITY INCOME FUND
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
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008 D02AA01 MA
008 D03AA01 02116
008 A00AA02 LIEBER & CO.
008 B00AA02 S
008 C00AA02 801-5923
008 D01AA02 PURCHASE
008 D02AA02 NY
008 D03AA02 10577
010 A00AA01 EVERGREEN KEYSTONE INVESTMENT SERVICES INC.
010 C01AA01 BOSTON
010 C02AA01 MA
<PAGE> PAGE 2
010 C03AA01 02116
011 A00AA01 EVERGREEN KEYSTONE DISTRIBUTOR, INC.
011 B00AA01 8-395
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10019
012 A00AA01 EVERGREEN KEYSTONE SERVICE CO.
012 B00AA01 84-1571
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02116
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02116
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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015 C02AA01 MA
015 C03AA01 02171
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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SIGNATURE J. KEVIN KENELY
TITLE V.P. FUND ADMIN.
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN SMALL CAP EQUITY INCOME FUND CLASS A
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> 6/30/97
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<SENIOR-EQUITY> 0
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<ACCUMULATED-NII-CURRENT> (606)
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<DIVIDEND-INCOME> 13,434
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<EXPENSES-NET> (6,724)
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<DISTRIBUTIONS-OF-INCOME> (12,419)
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN SMALL CAP EQUITY INCOME FUND CLASS A
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> 6/30/97
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN SMALL CAP EQUITY INCOME FUND CLASS A
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> 6/30/97
<INVESTMENTS-AT-COST> 42,161,168
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<PER-SHARE-NAV-BEGIN> 13.09
<PER-SHARE-NII> 0.09
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<AVG-DEBT-OUTSTANDING> 0
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> EVERGREEN SMALL CAP EQUITY INCOME FUND CLASS A
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> 6/30/97
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</TABLE>
