EVERGREEN GLOBAL EQUITY TRUST /NY
NSAR-B, 1997-12-23
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<PAGE>      PAGE  1
000 B000000 10/31/97
000 C000000 0000842436
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 THE EVERGREEN EQUITY TRUST
001 B000000 811-5684
001 C000000 6172103571
002 A000000 200 BERKELEY STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02116
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 THE EVERGREEN GLOBAL REAL ESTATE EQUITY FUND
007 C030100 N
007 C010200  2
007 C010300  3
007 C020300 THE EVERGREEN GLOBAL LEADERS FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 EVEREGREEN ASSET MANAGEMENT CORP.
008 B00AA01 A
008 C00AA01 801-46522
008 D01AA01 PURCHASE
008 D02AA01 NY
008 D03AA01 10577
008 D04AA01 2555
008 A00AA02 LIEBER & CO.
008 B00AA02 S
008 C00AA02 801-5923
008 D01AA02 PURCHASE
008 D02AA02 NY
008 D03AA02 10577
008 D04AA02 2555
010 A00AA01 EVERGREEN INVESTMENT SERVICES
<PAGE>      PAGE  2
010 B00AA01 801-46522
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02116
011 A00AA01 EVERGREEN DISTRIBUTOR INC.
011 B00AA01 8-46906
011 C01AA01 FALLS RIVER
011 C02AA01 NJ
011 C03AA01 10017
012 A00AA01 EVERGREEN SERVICE COMPANY
012 B00AA01 84-
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02116
013 A00AA01 PRICE WATERHOUSE
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02116
014 A00AA01 LIEBER & CO.
014 B00AA01 8-14923
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 NORTH QUINCY
015 C02AA01 MA
015 C03AA01 02171
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   78
019 C00AA00 EVERGREENS
020 A000001 LIEBER & CO.
020 B000001 56-1879285
020 C000001    162
020 A000002 KLEINWORT BENSON
020 B000002 13-2647786
020 C000002     62
020 A000003 ENSKILDA SECURITIES
020 B000003 13-3497509
020 C000003     51
020 A000004 JAMES CAPEL
020 B000004 52-1348224
020 C000004     51
020 A000005 NOMURA SECURITIES
020 B000005 13-2642206
020 C000005     43
020 A000006 PARIBAS CORP.
020 B000006 13-3235334
020 C000006     36
020 A000007 MERRILL LYNCH
020 B000007 13-5674085
020 C000007     26
<PAGE>      PAGE  3
020 A000008 CROSBY SECURITIES
020 C000008     26
020 A000009 VICKERS BALLAS
020 C000009     23
020 A000010 SOCIETE GENERALE
020 B000010 13-5515160
020 C000010     20
021  000000      616
022 A000001 J.P. MORGAN, INC
022 B000001 13-3224016
022 C000001     19694
022 D000001     36534
022 A000002 CHASE MANHATTAN
022 B000002 13-3112953
022 C000002     37316
022 D000002     13396
022 A000003 BANK OF AMERICA SECURITIES
022 B000003 94-1687665
022 C000003     17652
022 D000003      3043
022 A000004 GOLDMAN SACHS & CO.
022 B000004 13-5108880
022 C000004      8165
022 D000004      6487
022 A000005 BA SECURITIES
022 B000005 95-4035346
022 C000005      4583
022 D000005      1594
022 A000006 WOOD GUNDY
022 B000006 13-5492430
022 C000006      4198
022 D000006         0
022 A000007 MERRILL LYNCH
022 B000007 13-5674085
022 C000007      3730
022 D000007         0
022 A000008 TROSTER SINGER
022 B000008 13-5515160
022 C000008      3005
022 D000008       332
022 A000009 CANTOR FITAZGERALD
022 B000009 13-3680187
022 C000009      2892
022 D000009         0
022 A000010 DRESDNER SECURITIES
022 B000010 04-2442748
022 C000010      1693
022 D000010         0
023 C000000     113689
023 D000000      65858
026 A000000 N
<PAGE>      PAGE  4
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00     1000
062 A00AA00 N
062 B00AA00   0.0
062 C00AA00   0.0
062 D00AA00   0.0
062 E00AA00   0.0
062 F00AA00   0.0
062 G00AA00   0.0
062 H00AA00   0.0
062 I00AA00   0.0
062 J00AA00   0.0
062 K00AA00   0.0
062 L00AA00   0.0
062 M00AA00   0.0
062 N00AA00   0.0
062 O00AA00   0.0
062 P00AA00   0.0
062 Q00AA00   0.0
062 R00AA00   0.0
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
<PAGE>      PAGE  5
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 Y
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 ICI MUTUAL INSURANCE CO.
080 C00AA00    50000
081 A00AA00 Y
081 B00AA00  78
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 N
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
024  000100 N
025 D000101       0
025 D000102       0
025 D000103       0
025 D000104       0
025 D000105       0
025 D000106       0
025 D000107       0
025 D000108       0
028 A010100       218
028 A020100         0
<PAGE>      PAGE  6
028 A030100         0
028 A040100      1332
028 B010100        87
028 B020100         0
028 B030100         0
028 B040100      1369
028 C010100        31
028 C020100         0
028 C030100         0
028 C040100      1221
028 D010100        44
028 D020100         0
028 D030100         0
028 D040100       792
028 E010100       110
028 E020100         0
028 E030100         0
028 E040100       930
028 F010100        44
028 F020100         0
028 F030100         0
028 F040100       746
028 G010100       534
028 G020100         0
028 G030100         0
028 G040100      6390
028 H000100         8
029  000100 Y
030 A000100      1
030 B000100  4.75
030 C000100  0.00
031 A000100      0
031 B000100      0
032  000100      1
033  000100      0
034  000100 Y
035  000100      3
036 A000100 N
036 B000100      0
037  000100 N
038  000100      0
039  000100 N
040  000100 Y
041  000100 Y
042 A000100   0
042 B000100   0
042 C000100 100
042 D000100   0
042 E000100   0
042 F000100   0
042 G000100   0
<PAGE>      PAGE  7
042 H000100   0
043  000100      4
044  000100      0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  1.000
048 A010100        0
048 A020100 0.000
048 B010100        0
048 B020100 0.000
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100        0
048 K020100 0.000
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
055 A000100 Y
055 B000100 Y
056  000100 Y
057  000100 N
063 A000100   0
063 B000100  0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 Y
066 E000100 N
066 F000100 N
066 G000100 N
067  000100 N
068 A000100 N
<PAGE>      PAGE  8
068 B000100 Y
069  000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 Y
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100     17710
071 B000100     30242
071 C000100     40652
071 D000100   44
072 A000100 12
072 B000100        9
072 C000100      650
072 D000100        0
072 E000100        0
072 F000100      411
072 G000100        0
072 H000100        0
072 I000100      100
<PAGE>      PAGE  9
072 J000100       96
072 K000100        0
072 L000100       28
072 M000100       26
072 N000100       57
072 O000100        0
072 P000100       10
072 Q000100        0
072 R000100       27
072 S000100        0
072 T000100        4
072 U000100        0
072 V000100        0
072 W000100       26
072 X000100      785
072 Y000100       35
072 Z000100      -91
072AA000100     1941
072BB000100        0
072CC010100        0
072CC020100      302
072DD010100       76
072DD020100        0
072EE000100        0
073 A010100   0.0200
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100        2
074 B000100        0
074 C000100        0
074 D000100        0
074 E000100        0
074 F000100    35747
074 G000100        0
074 H000100        0
074 I000100       34
074 J000100      869
074 K000100        0
074 L000100       75
074 M000100       46
074 N000100    36773
074 O000100        0
074 P000100       22
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100      860
074 S000100        0
074 T000100    35891
<PAGE>      PAGE  10
074 U010100     2715
074 U020100       51
074 V010100     0.00
074 V020100     0.00
074 W000100   0.0000
074 X000100     1543
074 Y000100        0
075 A000100        0
075 B000100    41074
076  000100     0.00
028 A010200         0
028 A020200         0
028 A030200         0
028 A040200         0
028 B010200         0
028 B020200         0
028 B030200         0
028 B040200         0
028 C010200         0
028 C020200         0
028 C030200         0
028 C040200         0
028 D010200         0
028 D020200         0
028 D030200         0
028 D040200         0
028 E010200         0
028 E020200         0
028 E030200         0
028 E040200         0
028 F010200         0
028 F020200         0
028 F030200         0
028 F040200         0
028 G010200         0
028 G020200         0
028 G030200         0
028 G040200         0
028 H000200         0
071 A000200         0
071 B000200         0
071 C000200         0
071 D000200    0
072 A000200  0
072 B000200        0
072 C000200        0
072 D000200        0
072 E000200        0
072 F000200        0
072 G000200        0
072 H000200        0
<PAGE>      PAGE  11
024  000300 N
025 D000301       0
025 D000302       0
025 D000303       0
025 D000304       0
025 D000305       0
025 D000306       0
025 D000307       0
025 D000308       0
028 A010300     11353
028 A020300         0
028 A030300         0
028 A040300      1385
028 B010300     11780
028 B020300         0
028 B030300         0
028 B040300      1375
028 C010300     14589
028 C020300         0
028 C030300         0
028 C040300      2136
028 D010300     12341
028 D020300         0
028 D030300         0
028 D040300       728
028 E010300      9739
028 E020300         0
028 E030300         0
028 E040300      2124
028 F010300      8825
028 F020300         0
028 F030300         0
028 F040300      2282
028 G010300     68627
028 G020300         0
028 G030300         0
028 G040300     10030
028 H000300     11695
029  000300 Y
030 A000300    757
030 B000300  4.75
030 C000300  0.00
031 A000300     76
031 B000300      0
032  000300    681
033  000300      0
034  000300 Y
035  000300    232
036 A000300 N
036 B000300      0
037  000300 N
<PAGE>      PAGE  12
038  000300      0
039  000300 N
040  000300 Y
041  000300 Y
042 A000300   0
042 B000300   0
042 C000300 100
042 D000300   0
042 E000300   0
042 F000300   0
042 G000300   0
042 H000300   0
043  000300    982
044  000300      0
045  000300 Y
046  000300 N
047  000300 Y
048  000300  0.950
048 A010300        0
048 A020300 0.000
048 B010300        0
048 B020300 0.000
048 C010300        0
048 C020300 0.000
048 D010300        0
048 D020300 0.000
048 E010300        0
048 E020300 0.000
048 F010300        0
048 F020300 0.000
048 G010300        0
048 G020300 0.000
048 H010300        0
048 H020300 0.000
048 I010300        0
048 I020300 0.000
048 J010300        0
048 J020300 0.000
048 K010300        0
048 K020300 0.000
049  000300 N
050  000300 N
051  000300 N
052  000300 N
053 A000300 Y
053 B000300 Y
053 C000300 N
055 A000300 Y
055 B000300 N
056  000300 Y
057  000300 N
<PAGE>      PAGE  13
063 A000300   0
063 B000300  0.0
066 A000300 Y
066 B000300 N
066 C000300 N
066 D000300 Y
066 E000300 N
066 F000300 N
066 G000300 N
067  000300 N
068 A000300 N
068 B000300 Y
069  000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 Y
070 N010300 Y
070 N020300 N
070 O010300 N
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300    164558
071 B000300     41159
<PAGE>      PAGE  14
071 C000300    141755
071 D000300   29
072 A000300 12
072 B000300      256
072 C000300     2452
072 D000300        0
072 E000300        0
072 F000300     1399
072 G000300       54
072 H000300        0
072 I000300      579
072 J000300      154
072 K000300        0
072 L000300      207
072 M000300       12
072 N000300       95
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072 Q000300        0
072 R000300       25
072 S000300        0
072 T000300      982
072 U000300        8
072 V000300        0
072 W000300        9
072 X000300     3524
072 Y000300      116
072 Z000300     -700
072AA000300     1604
072BB000300        0
072CC010300    15244
072CC020300        0
072DD010300        0
072DD020300        0
072EE000300       84
073 A010300   0.0000
073 A020300   0.0000
073 B000300   0.0100
073 C000300   0.0000
074 A000300        0
074 B000300        0
074 C000300       80
074 D000300        0
074 E000300        0
074 F000300   210407
074 G000300        0
074 H000300        0
074 I000300       33
074 J000300     1684
074 K000300        0
074 L000300     1226
<PAGE>      PAGE  15
074 M000300       85
074 N000300   213515
074 O000300      198
074 P000300      124
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300     2368
074 S000300        0
074 T000300   210825
074 U010300     2587
074 U020300    12937
074 V010300     0.00
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074 W000300   0.0000
074 X000300    29181
074 Y000300        0
075 A000300        0
075 B000300   146746
076  000300     0.00
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 GLOBAL REAL ESTATE EQUITY FUND CLASS A
<PERIOD-TYPE>	12-MOS
<FISCAL-YEAR-END>	OCT-31-1997
<PERIOD-START>	NOV-01-1996
<PERIOD-END>	OCT-31-1997
<INVESTMENTS-AT-COST>	35,691,976
<INVESTMENTS-AT-VALUE>	35,747,472
<RECEIVABLES>	943,859
<ASSETS-OTHER>	48,063
<OTHER-ITEMS-ASSETS>	33,673
<TOTAL-ASSETS>	36,773,067
<PAYABLE-FOR-SECURITIES>	0
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	882,467
<TOTAL-LIABILITIES>	882,467
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	384,300
<SHARES-COMMON-STOCK>	26,001
<SHARES-COMMON-PRIOR>	58,723
<ACCUMULATED-NII-CURRENT>	0
<OVERDISTRIBUTION-NII>	(174)
<ACCUMULATED-NET-GAINS>	(47,979)
<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	339
<NET-ASSETS>	336,486
<DIVIDEND-INCOME>	6,097
<INTEREST-INCOME>	89
<OTHER-INCOME>	0
<EXPENSES-NET>	7,038
<NET-INVESTMENT-INCOME>	(852)
<REALIZED-GAINS-CURRENT>	18,199
<APPREC-INCREASE-CURRENT>	2,832
<NET-CHANGE-FROM-OPS>	20,179
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	0
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	40,811
<NUMBER-OF-SHARES-REDEEMED>	(73,533)
<SHARES-REINVESTED>	0
<NET-CHANGE-IN-ASSETS>	(368,115)
<ACCUMULATED-NII-PRIOR>	305
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	(65,139)
<OVERDIST-NET-GAINS-PRIOR>	0
<GROSS-ADVISORY-FEES>	3,851
<INTEREST-EXPENSE>	98
<GROSS-EXPENSE>	7,363
<AVERAGE-NET-ASSETS>	638,278
<PER-SHARE-NAV-BEGIN>	12.28
<PER-SHARE-NII>	(0.06)
<PER-SHARE-GAIN-APPREC>	0.72
<PER-SHARE-DIVIDEND>	0.00
<PER-SHARE-DISTRIBUTIONS>	0.00
<RETURNS-OF-CAPITAL>	0.00
<PER-SHARE-NAV-END>	12.94
<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>

<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>	102
<NAME>	EVERGREEN GLOBAL REAL ESTATE EQUITY FUND CLASS B
<PERIOD-TYPE>	12-MOS
<FISCAL-YEAR-END>	OCT-31-1997
<PERIOD-START>	NOV-01-1996
<PERIOD-END>	OCT-31-1997
<INVESTMENTS-AT-COST>	35,691,976
<INVESTMENTS-AT-VALUE>	35,747,472
<RECEIVABLES>	943,859
<ASSETS-OTHER>	48,063
<OTHER-ITEMS-ASSETS>	33,673
<TOTAL-ASSETS>	36,773,067
<PAYABLE-FOR-SECURITIES>	0
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	882,467
<TOTAL-LIABILITIES>	882,467
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	243,655
<SHARES-COMMON-STOCK>	16,810
<SHARES-COMMON-PRIOR>	11,075
<ACCUMULATED-NII-CURRENT>	0
<OVERDISTRIBUTION-NII>	(110)
<ACCUMULATED-NET-GAINS>	(30,420)
<OVERDISTRIBUTION-GAINS>	0
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<NET-ASSETS>	213,340
<DIVIDEND-INCOME>	3,866
<INTEREST-INCOME>	56
<OTHER-INCOME>	0
<EXPENSES-NET>	4,463
<NET-INVESTMENT-INCOME>	(541)
<REALIZED-GAINS-CURRENT>	11,538
<APPREC-INCREASE-CURRENT>	1,796
<NET-CHANGE-FROM-OPS>	12,793
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	0
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	14,681
<NUMBER-OF-SHARES-REDEEMED>	(8,946)
<SHARES-REINVESTED>	0
<NET-CHANGE-IN-ASSETS>	85,277
<ACCUMULATED-NII-PRIOR>	194
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	(41,300)
<OVERDIST-NET-GAINS-PRIOR>	0
<GROSS-ADVISORY-FEES>	2,442
<INTEREST-EXPENSE>	62
<GROSS-EXPENSE>	4,668
<AVERAGE-NET-ASSETS>	193,740
<PER-SHARE-NAV-BEGIN>	12.14
<PER-SHARE-NII>	(0.15)
<PER-SHARE-GAIN-APPREC>	0.70
<PER-SHARE-DIVIDEND>	0.00
<PER-SHARE-DISTRIBUTIONS>	0.00
<RETURNS-OF-CAPITAL>	0.00
<PER-SHARE-NAV-END>	12.69
<EXPENSE-RATIO>	2.82
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0

</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>	103
<NAME>	EVERGREEN GLOBAL REAL ESTATE EQUITY FUND CLASS C
<PERIOD-TYPE>	12-MOS
<FISCAL-YEAR-END>	OCT-31-1997
<PERIOD-START>	NOV-01-1996
<PERIOD-END>	OCT-31-1997
<INVESTMENTS-AT-COST>	35,691,976
<INVESTMENTS-AT-VALUE>	35,747,472
<RECEIVABLES>	943,859
<ASSETS-OTHER>	48,063
<OTHER-ITEMS-ASSETS>	33,673
<TOTAL-ASSETS>	36,773,067
<PAYABLE-FOR-SECURITIES>	0
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	882,467
<TOTAL-LIABILITIES>	882,467
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	121,548
<SHARES-COMMON-STOCK>	8,378
<SHARES-COMMON-PRIOR>	676
<ACCUMULATED-NII-CURRENT>	0
<OVERDISTRIBUTION-NII>	(55)
<ACCUMULATED-NET-GAINS>	(15,175)
<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	107
<NET-ASSETS>	106,425
<DIVIDEND-INCOME>	1,929
<INTEREST-INCOME>	28
<OTHER-INCOME>	0
<EXPENSES-NET>	2,227
<NET-INVESTMENT-INCOME>	(270)
<REALIZED-GAINS-CURRENT>	5,756
<APPREC-INCREASE-CURRENT>	896
<NET-CHANGE-FROM-OPS>	6,382
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	0
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	8,782
<NUMBER-OF-SHARES-REDEEMED>	(1,080)
<SHARES-REINVESTED>	0
<NET-CHANGE-IN-ASSETS>	101,863
<ACCUMULATED-NII-PRIOR>	97
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	(20,602)
<OVERDIST-NET-GAINS-PRIOR>	0
<GROSS-ADVISORY-FEES>	1,218
<INTEREST-EXPENSE>	31
<GROSS-EXPENSE>	2,329
<AVERAGE-NET-ASSETS>	86,954
<PER-SHARE-NAV-BEGIN>	12.14
<PER-SHARE-NII>	(0.14)
<PER-SHARE-GAIN-APPREC>	0.70
<PER-SHARE-DIVIDEND>	0.00
<PER-SHARE-DISTRIBUTIONS>	0.00
<RETURNS-OF-CAPITAL>	0.00
<PER-SHARE-NAV-END>	12.70
<EXPENSE-RATIO>	2.83
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0

</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>	104
<NAME>	EVERGREEN GLOBAL REAL ESTATE EQUITY FUND CLASS Y
<PERIOD-TYPE>	12-MOS
<FISCAL-YEAR-END>	OCT-31-1997
<PERIOD-START>	NOV-01-1996
<PERIOD-END>	OCT-31-1997
<INVESTMENTS-AT-COST>	35,691,976
<INVESTMENTS-AT-VALUE>	35,747,472
<RECEIVABLES>	943,859
<ASSETS-OTHER>	48,063
<OTHER-ITEMS-ASSETS>	33,673
<TOTAL-ASSETS>	36,773,067
<PAYABLE-FOR-SECURITIES>	0
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	882,467
<TOTAL-LIABILITIES>	882,467
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	40,241,034
<SHARES-COMMON-STOCK>	2,715,847
<SHARES-COMMON-PRIOR>	3,859,781
<ACCUMULATED-NII-CURRENT>	0
<OVERDISTRIBUTION-NII>	(18,242)
<ACCUMULATED-NET-GAINS>	(5,023,984)
<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	35,541
<NET-ASSETS>	35,234,349
<DIVIDEND-INCOME>	638,485
<INTEREST-INCOME>	9,314
<OTHER-INCOME>	0
<EXPENSES-NET>	736,901
<NET-INVESTMENT-INCOME>	(89,102)
<REALIZED-GAINS-CURRENT>	1,905,636
<APPREC-INCREASE-CURRENT>	296,589
<NET-CHANGE-FROM-OPS>	2,113,123
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	(76,344)
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	79,254
<NUMBER-OF-SHARES-REDEEMED>	(1,226,663)
<SHARES-REINVESTED>	3,475
<NET-CHANGE-IN-ASSETS>	(12,293,801)
<ACCUMULATED-NII-PRIOR>	31,958
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	(6,820,865)
<OVERDIST-NET-GAINS-PRIOR>	0
<GROSS-ADVISORY-FEES>	403,230
<INTEREST-EXPENSE>	10,258
<GROSS-EXPENSE>	771,007
<AVERAGE-NET-ASSETS>	40,154,991
<PER-SHARE-NAV-BEGIN>	12.31
<PER-SHARE-NII>	(0.03)
<PER-SHARE-GAIN-APPREC>	0.71
<PER-SHARE-DIVIDEND>	(0.02)
<PER-SHARE-DISTRIBUTIONS>	0.00
<RETURNS-OF-CAPITAL>	0.00
<PER-SHARE-NAV-END>	12.97
<EXPENSE-RATIO>	1.82
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0

</TABLE>

<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 GLOBAL LEADERS FUND CLASS A
<PERIOD-TYPE>	12-MOS
<FISCAL-YEAR-END>	OCT-31-1997
<PERIOD-START>	NOV-01-1996
<PERIOD-END>	OCT-31-1997
<INVESTMENTS-AT-COST>	191,718,042
<INVESTMENTS-AT-VALUE>	210,486,997
<RECEIVABLES>	2,909,830
<ASSETS-OTHER>	85,216
<OTHER-ITEMS-ASSETS>	33,150
<TOTAL-ASSETS>	213,515,193
<PAYABLE-FOR-SECURITIES>	197,829
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	2,491,931
<TOTAL-LIABILITIES>	2,689,760
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	35,005,639
<SHARES-COMMON-STOCK>	2,823,790
<SHARES-COMMON-PRIOR>	1,089,521
<ACCUMULATED-NII-CURRENT>	0
<OVERDISTRIBUTION-NII>	(1,809)
<ACCUMULATED-NET-GAINS>	162,660
<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	3,437,363
<NET-ASSETS>	38,603,853
<DIVIDEND-INCOME>	448,949
<INTEREST-INCOME>	46,825
<OTHER-INCOME>	0
<EXPENSES-NET>	623,892
<NET-INVESTMENT-INCOME>	(128,118)
<REALIZED-GAINS-CURRENT>	293,716
<APPREC-INCREASE-CURRENT>	2,791,278
<NET-CHANGE-FROM-OPS>	2,956,876
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	0
<DISTRIBUTIONS-OF-GAINS>	(15,146)
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	2,037,338
<NUMBER-OF-SHARES-REDEEMED>	(304,314)
<SHARES-REINVESTED>	1,245
<NET-CHANGE-IN-ASSETS>	25,478,167
<ACCUMULATED-NII-PRIOR>	0
<ACCUMULATED-GAINS-PRIOR>	11,412
<OVERDISTRIB-NII-PRIOR>	(421)
<OVERDIST-NET-GAINS-PRIOR>	0
<GROSS-ADVISORY-FEES>	256,096
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	645,355
<AVERAGE-NET-ASSETS>	27,070,188
<PER-SHARE-NAV-BEGIN>	11.91
<PER-SHARE-NII>	(0.01)
<PER-SHARE-GAIN-APPREC>	1.78
<PER-SHARE-DIVIDEND>	0.00
<PER-SHARE-DISTRIBUTIONS>	(0.01)
<RETURNS-OF-CAPITAL>	0.00
<PER-SHARE-NAV-END>	13.67
<EXPENSE-RATIO>	1.91
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0

</TABLE>

<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>	102
<NAME>	EVERGREEN GLOBAL LEADERS FUND CLASS B
<PERIOD-TYPE>	12-MOS
<FISCAL-YEAR-END>	OCT-31-1997
<PERIOD-START>	NOV-01-1996
<PERIOD-END>	OCT-31-1997
<INVESTMENTS-AT-COST>	191,718,042
<INVESTMENTS-AT-VALUE>	210,486,997
<RECEIVABLES>	2,909,830
<ASSETS-OTHER>	85,216
<OTHER-ITEMS-ASSETS>	33,150
<TOTAL-ASSETS>	213,515,193
<PAYABLE-FOR-SECURITIES>	197,829
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	2,491,931
<TOTAL-LIABILITIES>	2,689,760
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	121,850,460
<SHARES-COMMON-STOCK>	9,936,877
<SHARES-COMMON-PRIOR>	3,534,772
<ACCUMULATED-NII-CURRENT>	0
<OVERDISTRIBUTION-NII>	(6,296)
<ACCUMULATED-NET-GAINS>	566,204
<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	11,965,043
<NET-ASSETS>	134,375,411
<DIVIDEND-INCOME>	1,562,739
<INTEREST-INCOME>	162,991
<OTHER-INCOME>	0
<EXPENSES-NET>	2,171,691
<NET-INVESTMENT-INCOME>	(445,961)
<REALIZED-GAINS-CURRENT>	1,022,393
<APPREC-INCREASE-CURRENT>	9,716,105
<NET-CHANGE-FROM-OPS>	10,292,537
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	0
<DISTRIBUTIONS-OF-GAINS>	(48,643)
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	6,953,600
<NUMBER-OF-SHARES-REDEEMED>	(555,510)
<SHARES-REINVESTED>	4,015
<NET-CHANGE-IN-ASSETS>	93,558,332
<ACCUMULATED-NII-PRIOR>	0
<ACCUMULATED-GAINS-PRIOR>	39,723
<OVERDISTRIB-NII-PRIOR>	(1,465)
<OVERDIST-NET-GAINS-PRIOR>	0
<GROSS-ADVISORY-FEES>	891,440
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	2,246,402
<AVERAGE-NET-ASSETS>	0
<PER-SHARE-NAV-BEGIN>	11.87
<PER-SHARE-NII>	(0.11)
<PER-SHARE-GAIN-APPREC>	1.77
<PER-SHARE-DIVIDEND>	0.00
<PER-SHARE-DISTRIBUTIONS>	(0.01)
<RETURNS-OF-CAPITAL>	0.00
<PER-SHARE-NAV-END>	13.52
<EXPENSE-RATIO>	2.66
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0

</TABLE>

<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>	103
<NAME>	EVERGREEN GLOBAL LEADERS FUND CLASS C
<PERIOD-TYPE>	12-MOS
<FISCAL-YEAR-END>	OCT-31-1997
<PERIOD-START>	NOV-01-1996
<PERIOD-END>	OCT-31-1997
<INVESTMENTS-AT-COST>	191,718,042
<INVESTMENTS-AT-VALUE>	210,486,997
<RECEIVABLES>	2,909,830
<ASSETS-OTHER>	85,216
<OTHER-ITEMS-ASSETS>	33,150
<TOTAL-ASSETS>	213,515,193
<PAYABLE-FOR-SECURITIES>	197,829
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	2,491,931
<TOTAL-LIABILITIES>	2,689,760
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	2,163,236
<SHARES-COMMON-STOCK>	176,636
<SHARES-COMMON-PRIOR>	46,694
<ACCUMULATED-NII-CURRENT>	0
<OVERDISTRIBUTION-NII>	(112)
<ACCUMULATED-NET-GAINS>	10,052
<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	212,418
<NET-ASSETS>	2,385,594
<DIVIDEND-INCOME>	27,744
<INTEREST-INCOME>	2,894
<OTHER-INCOME>	0
<EXPENSES-NET>	38,554
<NET-INVESTMENT-INCOME>	(7,916)
<REALIZED-GAINS-CURRENT>	18,151
<APPREC-INCREASE-CURRENT>	172,492
<NET-CHANGE-FROM-OPS>	182,727
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	0
<DISTRIBUTIONS-OF-GAINS>	(735)
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	173,061
<NUMBER-OF-SHARES-REDEEMED>	(43,171)
<SHARES-REINVESTED>	52
<NET-CHANGE-IN-ASSETS>	1,839,420
<ACCUMULATED-NII-PRIOR>	0
<ACCUMULATED-GAINS-PRIOR>	705
<OVERDISTRIB-NII-PRIOR>	(26)
<OVERDIST-NET-GAINS-PRIOR>	0
<GROSS-ADVISORY-FEES>	15,826
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	39,881
<AVERAGE-NET-ASSETS>	0
<PER-SHARE-NAV-BEGIN>	11.86
<PER-SHARE-NII>	(0.11)
<PER-SHARE-GAIN-APPREC>	1.77
<PER-SHARE-DIVIDEND>	0.00
<PER-SHARE-DISTRIBUTIONS>	(0.01)
<RETURNS-OF-CAPITAL>	0.00
<PER-SHARE-NAV-END>	13.51
<EXPENSE-RATIO>	2.65
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0

</TABLE>

<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>	104
<NAME>	EVERGREEN GLOBAL LEADERS FUND CLASS Y
<PERIOD-TYPE>	12-MOS
<FISCAL-YEAR-END>	OCT-31-1997
<PERIOD-START>	NOV-01-1996
<PERIOD-END>	OCT-31-1997
<INVESTMENTS-AT-COST>	191,718,042
<INVESTMENTS-AT-VALUE>	210,486,997
<RECEIVABLES>	2,909,830
<ASSETS-OTHER>	85,216
<OTHER-ITEMS-ASSETS>	33,150
<TOTAL-ASSETS>	213,515,193
<PAYABLE-FOR-SECURITIES>	197,829
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	2,491,931
<TOTAL-LIABILITIES>	2,689,760
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	32,155,343
<SHARES-COMMON-STOCK>	2,586,664
<SHARES-COMMON-PRIOR>	1,562,068
<ACCUMULATED-NII-CURRENT>	0
<OVERDISTRIBUTION-NII>	(1,661)
<ACCUMULATED-NET-GAINS>	149,417
<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	3,157,476
<NET-ASSETS>	35,460,575
<DIVIDEND-INCOME>	412,394
<INTEREST-INCOME>	43,012
<OTHER-INCOME>	0
<EXPENSES-NET>	573,092
<NET-INVESTMENT-INCOME>	(117,686)
<REALIZED-GAINS-CURRENT>	269,801
<APPREC-INCREASE-CURRENT>	2,564,001
<NET-CHANGE-FROM-OPS>	2,716,116
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	0
<DISTRIBUTIONS-OF-GAINS>	(19,126)
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	1,227,611
<NUMBER-OF-SHARES-REDEEMED>	(203,730)
<SHARES-REINVESTED>	715
<NET-CHANGE-IN-ASSETS>	15,866,330
<ACCUMULATED-NII-PRIOR>	0
<ACCUMULATED-GAINS-PRIOR>	10,483
<OVERDISTRIB-NII-PRIOR>	(387)
<OVERDIST-NET-GAINS-PRIOR>	0
<GROSS-ADVISORY-FEES>	235,244
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	592,807
<AVERAGE-NET-ASSETS>	0
<PER-SHARE-NAV-BEGIN>	11.91
<PER-SHARE-NII>	0.03
<PER-SHARE-GAIN-APPREC>	1.78
<PER-SHARE-DIVIDEND>	0.00
<PER-SHARE-DISTRIBUTIONS>	(0.01)
<RETURNS-OF-CAPITAL>	0.00
<PER-SHARE-NAV-END>	13.71
<EXPENSE-RATIO>	1.64
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0

</TABLE>

            December 15, 1997

            To the Trustees and Shareholders of
            Evergreen Global Leaders Fund

            In planning and performing our audit of the financial  statements of
            Evergreen  Global  Leaders  Fund  (the  "Fund")  for the year  ended
            October 31, 1997,  we  considered  its internal  control,  including
            control  activities  for  safeguarding   securities,   in  order  to
            determine our auditing  procedures for the purpose of expressing our
            opinion  on  the  financial   statements  and  to  comply  with  the
            requirements  of Form N-SAR,  not to provide  assurance  on internal
            control.

            The  management  of the Fund is  responsible  for  establishing  and
            maintaining  internal  control.  In fulfilling this  responsibility,
            estimates  and  judgments by  management  are required to assess the
            expected   benefits  and  related   costs  of  control   activities.
            Generally,  control activities that are relevant to an audit pertain
            to the  entity's  objective of preparing  financial  statements  for
            external  purposes  that are fairly  presented  in  conformity  with
            generally accepted accounting  principles.  Those control activities
            include the safeguarding of assets against unauthorized acquisition,
            use or disposition.

            Because of inherent  limitations in any internal control,  errors or
            irregularities  may occur and not be detected.  Also,  projection of
            any  evaluation of internal  control to future periods is subject to
            the  risk  that it may  become  inadequate  because  of  changes  in
            conditions or that the effectiveness of the design and operation may
            deteriorate.

            Our consideration of internal control would not necessarily disclose
            all matters in internal  control  that might be material  weaknesses
            under standards  established by the American  Institute of Certified
            Public Accountants.  A material weakness is a condition in which the
            design or operation of any specific internal control components does
            not  reduce  to a  relatively  low  level  the risk  that  errors or
            irregularities  in amounts that would be material in relation to the
            financial  statements  being  audited  may occur and not be detected
            within  a  timely  period  by  employees  in the  normal  course  of
            performing their assigned  functions.  However,  we noted no matters
            involving   internal  control,   including  control  activities  for
            safeguarding securities,  that we consider to be material weaknesses
            as defined above as of October 31, 1997.

            This  report  is  intended  solely  for the  information  and use of
            management  and the  trustees  of the  Fund and the  Securities  and
            Exchange Commission.





            Price Waterhouse LLP

            December 15, 1997

            To the Trustees and Shareholders of
            Evergreen Global Real Estate Equity Fund

            In planning and performing our audit of the financial  statements of
            Evergreen  Global Real Estate  Equity Fund (the "Fund") for the year
            ended  October  31,  1997,  we  considered  its  internal   control,
            including control activities for safeguarding  securities,  in order
            to determine our auditing  procedures  for the purpose of expressing
            our  opinion  on the  financial  statements  and to comply  with the
            requirements  of Form N-SAR,  not to provide  assurance  on internal
            control.

            The  management  of the Fund is  responsible  for  establishing  and
            maintaining  internal  control.  In fulfilling this  responsibility,
            estimates  and  judgments by  management  are required to assess the
            expected   benefits  and  related   costs  of  control   activities.
            Generally,  control activities that are relevant to an audit pertain
            to the  entity's  objective of preparing  financial  statements  for
            external  purposes  that are fairly  presented  in  conformity  with
            generally accepted accounting  principles.  Those control activities
            include the safeguarding of assets against unauthorized acquisition,
            use or disposition.

            Because of inherent  limitations in any internal control,  errors or
            irregularities  may occur and not be detected.  Also,  projection of
            any  evaluation of internal  control to future periods is subject to
            the  risk  that it may  become  inadequate  because  of  changes  in
            conditions or that the effectiveness of the design and operation may
            deteriorate.

            Our consideration of internal control would not necessarily disclose
            all matters in internal  control  that might be material  weaknesses
            under standards  established by the American  Institute of Certified
            Public Accountants.  A material weakness is a condition in which the
            design or operation of any specific internal control components does
            not  reduce  to a  relatively  low  level  the risk  that  errors or
            irregularities  in amounts that would be material in relation to the
            financial  statements  being  audited  may occur and not be detected
            within  a  timely  period  by  employees  in the  normal  course  of
            performing their assigned  functions.  However,  we noted no matters
            involving   internal  control,   including  control  activities  for
            safeguarding securities,  that we consider to be material weaknesses
            as defined above as of October 31, 1997.

            This  report  is  intended  solely  for the  information  and use of
            management  and the  trustees  of the  Fund and the  Securities  and
            Exchange Commission.





            Price Waterhouse LLP




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