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007 C010400 4
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007 C010700 7
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<PAGE>
010 C02AA01 NY
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011 A00AA01 EVERGREEN KEYSTONE DISTRIBUTOR, INC.
011 B00AA01 8-46906
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10017
012 A00AA01 STATE STREET BANK & TRUST CO.
012 B00AA01 84-
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012 C02AA01 MA
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013 A00AA01 KPMG PEAT MARWICK LLP
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014 A00AA02 FIRST UNION BROKERAGE SERVICES, INC.
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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>
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<NAME> Evergreen American Retirement Fund Class A
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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-31-1996
<PERIOD-START> Jan-02-1996
<PERIOD-END> Dec-31-1996
<INVESTMENTS-AT-COST> 104,450,855
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<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 35,728
<ACCUM-APPREC-OR-DEPREC> 12,733,419
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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>
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<PERIOD-TYPE> 12-MOS
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<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 35,728
<ACCUM-APPREC-OR-DEPREC> 12,733,419
<NET-ASSETS> 1,486,871
<DIVIDEND-INCOME> 1,791,668
<INTEREST-INCOME> 1,705,527
<OTHER-INCOME> 0
<EXPENSES-NET> 1,061,827
<NET-INVESTMENT-INCOME> 2,435,368
<REALIZED-GAINS-CURRENT> 537,906
<APPREC-INCREASE-CURRENT> 6,223,491
<NET-CHANGE-FROM-OPS> 9,196,765
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 22,543
<DISTRIBUTIONS-OF-GAINS> 7,483
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 100,739
<NUMBER-OF-SHARES-REDEEMED> 3,928
<SHARES-REINVESTED> 2,161
<NET-CHANGE-IN-ASSETS> 65,855,863
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 155,625
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 549,949
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,090,068
<AVERAGE-NET-ASSETS> 761,551
<PER-SHARE-NAV-BEGIN> 12.81
<PER-SHARE-NII> 0.36
<PER-SHARE-GAIN-APPREC> 1.11
<PER-SHARE-DIVIDEND> (0.34)
<PER-SHARE-DISTRIBUTIONS> (0.11)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.83
<EXPENSE-RATIO> 2.05
<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-31-1996
<PERIOD-START> Jan-02-1996
<PERIOD-END> Dec-31-1996
<INVESTMENTS-AT-COST> 104,450,855
<INVESTMENTS-AT-VALUE> 117,184,274
<RECEIVABLES> 1,423,868
<ASSETS-OTHER> 154,803
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 118,762,945
<PAYABLE-FOR-SECURITIES> 7,093,582
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 201,744
<TOTAL-LIABILITIES> 7,295,326
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 98,741,015
<SHARES-COMMON-STOCK> 2,974,648
<SHARES-COMMON-PRIOR> 3,064,399
<ACCUMULATED-NII-CURRENT> 28,913
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 35,728
<ACCUM-APPREC-OR-DEPREC> 12,733,419
<NET-ASSETS> 41,242,668
<DIVIDEND-INCOME> 1,791,668
<INTEREST-INCOME> 1,705,527
<OTHER-INCOME> 0
<EXPENSES-NET> 1,061,827
<NET-INVESTMENT-INCOME> 2,435,368
<REALIZED-GAINS-CURRENT> 537,906
<APPREC-INCREASE-CURRENT> 6,223,491
<NET-CHANGE-FROM-OPS> 9,196,765
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,330,115
<DISTRIBUTIONS-OF-GAINS> 321,583
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 287,843
<NUMBER-OF-SHARES-REDEEMED> 481,537
<SHARES-REINVESTED> 103,943
<NET-CHANGE-IN-ASSETS> 65,855,863
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 155,625
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 549,949
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,090,068
<AVERAGE-NET-ASSETS> 40,150,871
<PER-SHARE-NAV-BEGIN> 12.83
<PER-SHARE-NII> 0.48
<PER-SHARE-GAIN-APPREC> 1.10
<PER-SHARE-DIVIDEND> (0.44)
<PER-SHARE-DISTRIBUTIONS> (0.11)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.86
<EXPENSE-RATIO> 1.05
<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-31-1996
<PERIOD-START> Jan-01-1996
<PERIOD-END> Dec-31-1996
<INVESTMENTS-AT-COST> 8,571,352
<INVESTMENTS-AT-VALUE> 10,076,344
<RECEIVABLES> 79,491
<ASSETS-OTHER> 260,278
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 10,416,113
<PAYABLE-FOR-SECURITIES> 668,969
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 70,948
<TOTAL-LIABILITIES> 739,917
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,128,208
<SHARES-COMMON-STOCK> 25,657
<SHARES-COMMON-PRIOR> 18,701
<ACCUMULATED-NII-CURRENT> 3,333
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 39,663
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,504,992
<NET-ASSETS> 336,185
<DIVIDEND-INCOME> 221,319
<INTEREST-INCOME> 86,418
<OTHER-INCOME> 0
<EXPENSES-NET> 100,239
<NET-INVESTMENT-INCOME> 207,498
<REALIZED-GAINS-CURRENT> 329,191
<APPREC-INCREASE-CURRENT> 833,605
<NET-CHANGE-FROM-OPS> 1,370,294
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 7,618
<DISTRIBUTIONS-OF-GAINS> 12,475
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 23,318
<NUMBER-OF-SHARES-REDEEMED> 17,926
<SHARES-REINVESTED> 1,564
<NET-CHANGE-IN-ASSETS> 4,363,980
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 32,422
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 63,333
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 296,978
<AVERAGE-NET-ASSETS> 247,408
<PER-SHARE-NAV-BEGIN> 11.57
<PER-SHARE-NII> 0.34
<PER-SHARE-GAIN-APPREC> 2.13
<PER-SHARE-DIVIDEND> (0.34)
<PER-SHARE-DISTRIBUTIONS> (0.60)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.10
<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-31-1996
<PERIOD-START> Jan-01-1996
<PERIOD-END> Dec-31-1996
<INVESTMENTS-AT-COST> 8,571,352
<INVESTMENTS-AT-VALUE> 10,076,344
<RECEIVABLES> 79,491
<ASSETS-OTHER> 260,278
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 10,416,113
<PAYABLE-FOR-SECURITIES> 668,969
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 70,948
<TOTAL-LIABILITIES> 739,917
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,128,208
<SHARES-COMMON-STOCK> 52,857
<SHARES-COMMON-PRIOR> 22,977
<ACCUMULATED-NII-CURRENT> 3,333
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 39,663
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,504,992
<NET-ASSETS> 691,954
<DIVIDEND-INCOME> 221,319
<INTEREST-INCOME> 86,418
<OTHER-INCOME> 0
<EXPENSES-NET> 100,239
<NET-INVESTMENT-INCOME> 207,498
<REALIZED-GAINS-CURRENT> 329,191
<APPREC-INCREASE-CURRENT> 833,605
<NET-CHANGE-FROM-OPS> 1,370,294
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 9,798
<DISTRIBUTIONS-OF-GAINS> 27,933
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 27,963
<NUMBER-OF-SHARES-REDEEMED> 966
<SHARES-REINVESTED> 2,883
<NET-CHANGE-IN-ASSETS> 4,363,980
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 32,422
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 63,333
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 296,978
<AVERAGE-NET-ASSETS> 426,532
<PER-SHARE-NAV-BEGIN> 11.57
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> 2.12
<PER-SHARE-DIVIDEND> (0.26)
<PER-SHARE-DISTRIBUTIONS> (0.60)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.09
<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-31-1996
<PERIOD-START> Jan-01-1996
<PERIOD-END> Dec-31-1996
<INVESTMENTS-AT-COST> 8,571,352
<INVESTMENTS-AT-VALUE> 10,076,344
<RECEIVABLES> 79,491
<ASSETS-OTHER> 260,278
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 10,416,113
<PAYABLE-FOR-SECURITIES> 668,969
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 70,948
<TOTAL-LIABILITIES> 739,917
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,128,208
<SHARES-COMMON-STOCK> 4,298
<SHARES-COMMON-PRIOR> 2,044
<ACCUMULATED-NII-CURRENT> 3,333
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 39,663
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,504,992
<NET-ASSETS> 56,251
<DIVIDEND-INCOME> 221,319
<INTEREST-INCOME> 86,418
<OTHER-INCOME> 0
<EXPENSES-NET> 100,239
<NET-INVESTMENT-INCOME> 207,498
<REALIZED-GAINS-CURRENT> 329,191
<APPREC-INCREASE-CURRENT> 833,605
<NET-CHANGE-FROM-OPS> 1,370,294
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 710
<DISTRIBUTIONS-OF-GAINS> 1,936
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,956
<NUMBER-OF-SHARES-REDEEMED> 1,838
<SHARES-REINVESTED> 136
<NET-CHANGE-IN-ASSETS> 4,363,980
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 32,422
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 63,333
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 296,978
<AVERAGE-NET-ASSETS> 35,594
<PER-SHARE-NAV-BEGIN> 11.56
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> 2.10
<PER-SHARE-DIVIDEND> (0.25)
<PER-SHARE-DISTRIBUTIONS> (0.60)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.09
<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-31-1996
<PERIOD-START> Jan-01-1996
<PERIOD-END> Dec-31-1996
<INVESTMENTS-AT-COST> 8,571,352
<INVESTMENTS-AT-VALUE> 10,076,344
<RECEIVABLES> 79,491
<ASSETS-OTHER> 260,278
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 10,416,113
<PAYABLE-FOR-SECURITIES> 668,969
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 70,948
<TOTAL-LIABILITIES> 739,917
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,128,208
<SHARES-COMMON-STOCK> 654,876
<SHARES-COMMON-PRIOR> 415,210
<ACCUMULATED-NII-CURRENT> 3,333
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 39,663
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,504,992
<NET-ASSETS> 8,591,806
<DIVIDEND-INCOME> 221,319
<INTEREST-INCOME> 86,418
<OTHER-INCOME> 0
<EXPENSES-NET> 100,239
<NET-INVESTMENT-INCOME> 207,498
<REALIZED-GAINS-CURRENT> 329,191
<APPREC-INCREASE-CURRENT> 833,605
<NET-CHANGE-FROM-OPS> 1,370,294
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 186,039
<DISTRIBUTIONS-OF-GAINS> 279,606
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 289,906
<NUMBER-OF-SHARES-REDEEMED> 75,598
<SHARES-REINVESTED> 25,358
<NET-CHANGE-IN-ASSETS> 4,363,980
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 32,422
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 63,333
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 296,978
<AVERAGE-NET-ASSETS> 5,623,749
<PER-SHARE-NAV-BEGIN> 11.58
<PER-SHARE-NII> 0.38
<PER-SHARE-GAIN-APPREC> 2.13
<PER-SHARE-DIVIDEND> (0.37)
<PER-SHARE-DISTRIBUTIONS> (0.60)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.12
<EXPENSE-RATIO> 1.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>