[Mentor Shareholder letter--posted to Infomax, signed by individual brokers]
'Date'
'Name'
'Address'
'Address'
Dear 'Name':
You recently should have received one or more sets of proxy materials from
Mentor Funds. I know that proxies are not always the easiest documents to
digest, so I wanted to take a moment to provide a shorter explanation of what is
contained in the proxy materials and to make you aware of several other changes
affecting your Mentor Funds.
If you own one of the following funds, you received a proxy asking you to
approve, among other things, a proposal to reorganize your Mentor Fund(s) into a
series of an existing Evergreen Trust.
As a result of the reorganization discussed above, it is anticipated that all of
the funds named below will change their names from Mentor to Evergreen on or
about October 18, 1999, to reflect the fact that they are now part of the
Evergreen family of funds. The investment objectives stay the same, as will the
portfolio managers. The newspaper listings for these funds will appear in the
Evergreen Funds section on or about October 19, 1999.
<TABLE>
<CAPTION>
Current Mentor Fund Name Change as of 10/18/99 Portfolio Managers
<S> <C> <C>
Mentor Balanced Portfolio Evergreen Capital Balanced Fund Davenport/Jones
Mentor Capital Growth Portfolio Evergreen Capital Growth Fund Davenport
Mentor Fixed Income Portfolio Evergreen Select Fixed Income II Jones
Mentor Growth Portfolio Evergreen Growth Fund Price
Mentor High Income Portfolio Evergreen High Income Fund Jones
Mentor Income and Growth Portfolio Evergreen Capital Income and Growth Fund Davenport/Jones
Mentor Municipal Income Portfolio Evergreen Municipal Income Fund Kimball/Colby
Mentor Perpetual Global Portfolio Evergreen Perpetual Global Fund Perpetual Inv.
Mngmt., LTD
Mentor Perpetual International Portfolio Evergreen Perpetual International Fund Perpetual Inv.
Mngmt., LTD
Mentor Quality Income Portfolio Evergreen Quality Income Fund Jones
Mentor Short-Duration Income Portfolio Evergreen Short-Duration Income Fund Jones
</TABLE>
If you are a shareholder in one of the three funds listed below, you should have
received a prospectus/proxy statement asking you to approve the same type of
reorganization mentioned above and another proposal regarding the merger of your
fund into an Evergreen Fund. In each of the mergers, the Mentor Fund and the
Evergreen Fund into which the Mentor Fund is proposed to merge have similar
investment objectives. Because the Evergreen Fund is larger, we expect certain
economies of scale may be realized which may provide the potential for a greater
yield and better overall investment returns.
The table below shows your current Mentor Fund and the Evergreen Fund into which
it will merge if the shareholders approve the merger. If the mergers are
approved, they will not actually take place until March 10, 2,000.
<TABLE>
<CAPTION>
Current Mentor Fund Name Change as of 10/18/99 Fund after Merger
<S> <C> <C>
Mentor Short Duration Income Portfolio Evergreen Short-Duration Income Fund Evg. Short-
Intermediate
Bond Fund
Mentor Municipal Income Portfolio Evergreen Municipal Income Fund Evg. Municipal
Bond Fund
Mentor Income and Growth Portfolio Evergreen Capital Income and Growth Fund Evg. Capital
Balanced Fund
</TABLE>
If you have any questions about one of the proxy statements or about any of the
information I have detailed above, please call me at 000.000.0000. I will be
happy to answer your questions or provide more information.
Sincerely,
'Name'
