SUPPLEMENT TO THE PROSPECTUSES AND
STATEMENTS OF ADDITIONAL INFORMATION ("SAIs") OF
EVERGREEN SELECT FIXED INCOME FUNDS,
EVERGREEN DOMESTIC GROWTH FUNDS,
EVERGREEN INTERNATIONAL AND GLOBAL GROWTH FUNDS and
EVERGREEN RESERVE MONEY MARKET FUNDS
I. Evergreen Select Fixed Income Fund II, Evergreen Capital Growth Fund,
Evergreen Fund, Evergreen Growth Fund, Evergreen Masters Fund,
Evergreen Tax Strategic Equity Fund, Evergreen Global Leaders Fund,
Evergreen Reserve Money Market Fund, Evergreen Reserve Tax-Exempt Money
Market Fund, Evergreen Reserve U.S. Government Money Market Fund
(collectively, the "Funds")
Effective November 1, 2000, the Funds will change investment advisors.
There will be no change in either the portfolio manager(s) of the Funds or the
advisory fees paid by the Funds.
In conjunction with the above, the following changes apply to the
Funds' prospectuses and SAIs.
Select Fixed Income Fund II:
The section of the prospectus entitled "FUND FACTS" is supplemented as
follows:
Investment Advisor:
o Evergreen Investment Management
The section entitled "THE FUND'S INVESTMENT ADVISOR" is supplemented as
follows:
Evergreen Investment Management (EIM) is the investment advisor to the
Fund.
EIM (formerly known as Capital Management Group, or CMG), a division of
First Union National Bank (FUNB), has been managing money for over 50
years and currently manages over $30.1 billion in assets for 36 of the
Evergreen Funds. EIM is located at 201 South College Street, Charlotte,
North Carolina 28288-0630.
The section in part one of the SAI entitled "Advisory Fees" under
`EXPENSES' is supplemented as follows:
Evergreen Investment Management Company ("EIMC") is the investment
advisor to the Fund.
International and Global Growth Funds:
The section of the prospectus entitled "FUND FACTS" for Evergreen
Global Leaders Fund is supplemented as follows:
Investment Advisor:
o Evergreen Investment Management Company
The section entitled "THE FUNDS' INVESTMENT ADVISORS" is supplemented
as follows:
Evergreen Investment Management Company (EIMC) is the investment
advisor to:
o Global Leaders Fund
EIMC has been managing mutual funds and private accounts since 1932 and
currently manages over $12.9 billion in assets for 28 of the Evergreen
Funds. EIMC is located at 200 Berkeley Street, Boston, Massachusetts
02116-5034.
The section in part one of the SAI entitled "Advisory Fees" under
`EXPENSES' is supplemented as follows:
Evergreen Investment Management Company ("EIMC") is the investment
advisor to Global Leaders Fund.
Domestic Growth Funds:
The section of the prospectus entitled "FUND FACTS" for Evergreen
Capital Growth Fund, Evergreen Fund, Evergreen Growth Fund, Evergreen Masters
Fund and Evergreen Tax Strategic Equity Fund is supplemented as follows:
Investment Advisor:
o Evergreen Investment Management Company
The section entitled "THE FUNDS' INVESTMENT ADVISORS" is supplemented
as follows:
Evergreen Investment Management Company (EIMC) is the investment
advisor to:
o Capital Growth Fund
o Evergreen Fund
o Growth Fund
o Masters Fund
o Tax Strategic Equity Fund
EIMC has been managing mutual funds and private accounts since 1932 and
currently manages over $12.9 billion in assets for 28 of the Evergreen
Funds. EIMC is located at 200 Berkeley Street, Boston, Massachusetts
02116-5034.
The section in part one of the SAI entitled "Advisory Fees" under
`EXPENSES' is supplemented as follows:
Evergreen Investment Management Company ("EIMC") is the investment
advisor to Capital Growth Fund, Evergreen Fund, Growth Fund, Masters Fund and
Tax Strategic Equity Fund.
Reserve Money Market Funds:
The section of the prospectus entitled "FUND FACTS" for Evergreen
Reserve Tax-Exempt Money Market Fund is supplemented as follows:
Investment Advisor:
o Evergreen Investment Management Company
The section of the prospectus entitled "FUND FACTS" for Evergreen
Reserve Money Market Fund and Evergreen Reserve U.S. Government Money Market
Fund is supplemented as follows:
Investment Advisor:
o Evergreen Investment Management
The section entitled "THE FUNDS' INVESTMENT ADVISORS" is supplemented
as follows:
Evergreen Investment Management Company (EIMC) is the investment
advisor to:
o Reserve Tax-Exempt Money Market Fund
EIMC has been managing mutual funds and private accounts since 1932 and
currently manages over $12.9 billion in assets for 28 of the Evergreen
Funds. EIMC is located at 200 Berkeley Street, Boston, Massachusetts
02116-5034.
Evergreen Investment Management (EIM) is the investment advisor to:
o Reserve Money Market Fund
o Reserve U.S. Government Money Market Fund
EIM (formerly known as Capital Management Group, or CMG), a division of
First Union National Bank (FUNB), has been managing money for over 50
years and currently manages over $30.1 billion in assets for 36 of the
Evergreen Funds. EIM is located at 201 South College Street, Charlotte,
North Carolina 28288-0630.
The section in part one of the SAI entitled "Advisory Fees" under
`EXPENSES' is supplemented as follows:
Evergreen Investment Management Company ("EIMC") is the investment
advisor to Reserve Tax-Exempt Money Market Fund.
Evergreen Investment Management ("EIM") is the investment advisor to
Reserve Money Market Fund and Reserve U.S. Government Money Market Fund.
November 1, 2000 556324 11/00
