AMERICA'S UTILITY FUND
Supplement to Prospectus dated
May 3, 1999
The Fund is managed by co-managers Matthew D. Finn and Dorris Kelley-Watkins of
Mentor Investment Advisors, LLC ("Mentor Advisors"). Mr. Finn and Ms.
Kelley-Watkins are also associated with Evergreen Investment Management Company
("EIMC") and/or Evergreen Asset Management Company ("EAMC"), which are
affiliates of Mentor Advisors, and they are co-managers of Evergreen Utility
Fund. Mr. Finn and Ms. Kelley-Watkins became employees of Mentor Advisors in
June 1999.
Mr. Finn is Chief Investment Officer of EIMC's Growth and Income Group and has
been associated with the Evergreen organization since March 1998. From April
1994 to March 1998 he was a Vice President and portfolio manager with Advantus
Capital Management, Inc.
Ms. Kelley-Watkins joined EAMC as a Vice President and analyst in February
1996. She was a First Vice President and senior industry specialist when she
left Merrill Lynch in February 1996 after 20 years with that company.
IF YOU WOULD LIKE ADDITIONAL INFORMATION CONCERNING THE FUND, PLEASE CALL
MENTOR SERVICES COMPANY, INC. AT 1-800-487-3863.
July 1, 1999
MK 1158
