<PAGE> PAGE 1
000 B000000 09/30/98
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000 J000000 A
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001 B000000 811-8413
001 C000000 6144708000
002 A000000 3435 STELZER ROAD
002 B000000 COLUMBUS
002 C000000 OH
002 D010000 43219
003 000000 N
004 000000 N
005 000000 N
006 000000 N
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007 C030100 N
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007 C010700 7
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020 A000001 LIEBER & CO.
020 B000001 56-1879285
020 C000001 128
020 A000002 LEHMAN BROTHERS, INC.
020 B000002 13-2518466
020 C000002 83
020 A000003 MERRILL LYNCH & CO., INC.
020 B000003 13-5674085
020 C000003 33
020 A000004 SMITH BARNEY/SHERSON
020 B000004 13-1912900
020 C000004 25
020 A000005 PAINE WEBBER, INC.
020 B000005 13-2638166
020 C000005 21
020 A000006 DONALDSON, LUFKIN & JENRETTE SECURITIES
020 B000006 13-2741729
<PAGE> PAGE 2
020 C000006 17
020 A000007 INSTINET CORP.
020 B000007 13-3443395
020 C000007 10
020 A000008 GOLDMAN, SACHS & CO.
020 B000008 13-5108880
020 C000008 9
020 A000009 JEFFRIES & CO.
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020 A000010 MONTGOMERY SECURITIES
020 B000010 94-1701676
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022 A000002 IFTC
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<PAGE> PAGE 3
022 D000010 596
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<PAGE> PAGE 4
010 A000101 BISYS FUND SERVICES L.P.
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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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<PAGE> PAGE 9
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<PAGE> PAGE 10
SIGNATURE GARY TENKMAN
TITLE DIRECTOR
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</TABLE>
Report of Independent Accountants
To the Board of Trustees of
Alpine U.S. Real Estate Equity Fund:
In planning and performing our audit of the
financial statements of Alpine U.S. Real Estate
Equity Fund (the "Fund") for the year ended
September 30, 1998, 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 financial highlights 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 controls. Generally, controls that are
relevant to an audit pertain to the entity's
objective of preparing financial statements
and financial highlights for external
purposes that are fairly presented in conformity
with generally accepted accounting principles.
Those controls include the safeguarding of
assets against unauthorized acquisition, use or
disposition.
Because of inherent limitations in internal control,
errors or fraud 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 one or more of
the internal control components does not reduce
to a relatively low level the risk that misstatements
caused by error or fraud in amounts that would be
material in relation to the financial statements
and financial highlights 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 and its
operation, including controls over safeguarding
securities, that we consider to be material
weaknesses as defined above as of September
30, 1998.
This report is intended solely for the
information and use of management and the
Board of Trustees of the Fund and the Securities
and Exchange Commission.
PricewaterhouseCoopers LLP
Columbus, OH
November 24, 1998
By:
- ----------------------------
Name:
Title:
- -3-
PAGE
*******************************************
PROXY CARD
EVERGREEN U.S. REAL ESTATE EQUITY FUND
(A SERIES OF EVERGREEN EQUITY TRUST)
The undersigned hereby appoints Dorothy
E. Bourassa, Terrence J. Cullen and Martin
J. Wolin, and each of them, attorneys and
proxies for the undersigned, with full
powers of substitution and revocation, to
represent the undersigned and to vote on
behalf of the undersigned all shares of
Evergreen U.S. Real Estate Equity Fund
(the "Fund"), which the undersigned is
entitled to vote at a Special Meeting of
Shareholders of the Fund to be held at
2500 Westchester Avenue, Purchase,
New York 10577 on February 17, 1998, at
10:00 a.m. and any adjournments thereof
(the "Meeting"). The undersigned hereby
acknowledges receipt of the Notice of
Special Meeting of Shareholders and Proxy
Statement, and hereby instructs said
attorneys and proxies to vote said shares
as indicated hereon. In their discretion,
the proxies are authorized to vote upon
such other matters as may properly come
before the Meeting. A majority of the
proxies present and acting at the Meeting
in person or by substitute (or, if only
one shall be so present, then that one)
shall have and may exercise all of the
powers and authority of said proxies
hereunder. The undersigned hereby revokes
any proxy previously given. THIS PROXY IS
SOLICITED ON BEHALF OF THE BOARD OF
TRUSTEES AND WILL BE VOTED TO ELECT EACH
OF THE PERSONS NOMINATED AS TRUSTEES
AND "FOR" THE PROPOSAL SET FORTH BELOW
UNLESS OTHERWISE INDICATED.
THE BOARD OF TRUSTEES RECOMMENDS THAT
YOU VOTE "FOR" EACH PROPOSAL.
TO VOTE, MARK THE APPROPRIATE BLOCKS
BELOW IN BLUE OR BLACK INK AS FOLLOWS
X
KEEP THIS POSTION FOR YOUR RECORDS
- ------------------------------------
DETACH AND RETURN THIS PORTION ONLY
EVERGREEN U.S. REAL ESTATE EQUITY FUND
FOR AGAINST ABSTAIN
1. To approve a new investment advisory
( ) ( ) ( )
agreement between the Evergreen Equity Trust,
on behalf of the Evergreen U.S. Real Estate
Equity Fund, and Alpine Management &
Research, LLC.
PAGE
FOR
ALL NOMINEES WITHHOLD
LISTED BELOW AUTHORITY
2. To elect members of the Board of Trustees of
( ) ( )
Evergreen Equity Trust to hold office until
their successors are duly elected and
qualified.
(INSTRUCTIONS: To withhold authority to
vote for any individual nominee, strike
a line through the nominee's name in
the list below)
Laurence B. Ashkin Foster Bam
H. Guy Leibler Samuel A. Lieber
FOR AGAINST ABSTAIN
3. To approve the proposed changes in
investment ( ) ( ) ( )
policies and restrictions of Evergreen U.S.
Real Estate Equity Fund.
( ) To vote against the proposed changes to one
or more of the Fund's investment policies and
restrictions, but to approve the others,
place an "X" in the box at the left AND
indicate the number(s) (as set forth in the
Proxy Statement) of the investment policies
and restrictions you do not want to change on
this line:
- ------------------------------------------
PLEASE SIGN, DATE AND RETURN THE PROXY CARD
PROMPTLY USING THE ENCLOSED ENVELOPE.
TABLE
CAPTION
SC
- - ------------------------------------
- ------------------------------------------
- ------------------
SIGNATURE
SIGNATURE (JOINT OWNERS) DATE
- - ------------------------------------
- -----------------------------------------
TITLE
TITLE
TABLE
Signature(s) should be exactly as name or
names appearing on this proxy. If shares
are held jointly, each holder should sign.
If signing is by attorney, executor,
administrator, trustee or guardian,
please give full title.
PAGE
PROXY CARD
EVERGREEN GLOBAL REAL ESTATE EQUITY FUND
(A SERIES OF EVERGREEN EQUITY TRUST)
The undersigned hereby appoints Dorothy E.
Bourassa, Terrence J. Cullen and Martin J.
Wolin, and each of them, attorneys and
proxies for the undersigned, with full
powers of substitution and revocation, to
represent the undersigned and to vote on
behalf of the undersigned all shares of
Evergreen Global Real Estate Equity Fund
(the "Fund"), which the undersigned is
entitled to vote at a Special Meeting of
Shareholders of the Fund to be held at
2500 Westchester Avenue, Purchase, New York
10577 on February 17, 1998, at 10:00 a.m.
and any adjournments thereof (the "Meeting").
The undersigned hereby acknowledges receipt
of the Notice of Special Meeting of
Shareholders and Proxy Statement, and
hereby instructs said attorneys and proxies
to vote said shares as indicated hereon.
In their discretion, the proxies are
authorized to vote upon such other matters
as may properly come before the Meeting.
A majority of the proxies present and
acting at the Meeting in person or by
substitute (or, if only one shall be so
present, then that one) shall have and
may exercise all of the powers and
authority of said proxies hereunder. The
undersigned hereby revokes any proxy
previously given. THIS PROXY IS SOLICITED
ON BEHALF OF THE BOARD OF TRUSTEES AND
WILL BE VOTED TO ELECT EACH OF THE
PERSONS NOMINATED
AS
TRUSTEES AND "FOR" THE PROPOSAL SET FORTH
BELOW UNLESS OTHERWISE INDICATED.
THE BOARD OF TRUSTEES RECOMMENDS THAT YOU
VOTE "FOR" EACH PROPOSAL.
TO VOTE, MARK THE APPROPRIATE BLOCKS
BELOW IN BLUE OR BLACK INK AS FOLLOWS
X
KEEP THIS PORTION FOR YOUR RECORDS
- -------------------------------------
DETACH AND RETURN THIS PORTION ONLY
EVERGREEN GLOBAL REAL ESTATE EQUITY FUND
FOR AGAINST ABSTAIN
1. To approve a new investment advisory
( ) ( ) ( )
agreement between the Evergreen Equity
Trust, on behalf of the Evergreen
Global Real Estate Equity Fund, and
Alpine Management & Research, LLC.
PAGE
FOR
ALL NOMINEES WITHHOLD
LISTED BELOW AUTHORITY
2. To elect members of the Board
of Trustees of ( ) ( )
Evergreen Equity Trust to hold
office until their successors are
duly elected and qualified.
(INSTRUCTIONS: To withhold authority
to vote for any individual nominee,
strike a line through the nominee's
name in the list below)
Laurence B. Ashkin Foster Bam
H. Guy Leibler Samuel A. Lieber
FOR AGAINST ABSTAIN
3. To approve the proposed changes in
investment ( ) ( ) ( )
policies and restrictions of Evergreen
Global Real Estate Equity Fund.
( ) To vote against the proposed
changes to one or more of the Fund's
investment policies and restrictions, but
to approve the others, place an "X" in the
box at the left AND indicate the number(s)
(as set forth in the Proxy Statement) of
the investment policies and restrictions
you do not want to change on this line:
- ------------------------------------------
PLEASE SIGN, DATE AND RETURN THE PROXY
CARD PROMPTLY USING THE ENCLOSED ENVELOPE.
TABLE
CAPTION
SC
- - ------------------------------------
- ------------------------------------------
- ------------------
SIGNATURE
SIGNATURE (JOINT OWNERS)
DATE
- - ------------------------------------
- -----------------------------------------
TITLE
TITLE
TABLE
Signature(s) should be exactly as name or
names appearing on this proxy. If shares
are held jointly, each holder should sign.
If signing is by attorney, executor,
administrator, trustee or guardian, please
give full title.
TEXT
DOCUMENT
SEC-DOCUMENT
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