SUPPLEMENT TO THE PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION ("SAI") OF
EVERGREEN CASH RESOURCE FUNDS
I. Evergreen CRT California Tax-Exempt Money Market Fund, Evergreen CRT
New York Tax-Exempt Money Market Fund, Evergreen CRT Tax-Exempt Money
Market Fund (collectively, the "Funds")
Effective November 1, 2000, Evergreen Investment Management Company
will become the Funds' investment advisor. 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 section of the prospectus entitled
"FUND FACTS" is supplemented as follows:
Investment Advisor:
o Evergreen Investment Management Company
In addition, the section entitled "THE FUNDS' INVESTMENT ADVISORS" is
supplemented as follows:
Evergreen Investment Management Company (EIMC) is the investment
advisor to:
o CRT California Tax-Exempt Money Market Fund
o CRT New York Tax-Exempt Money Market Fund
o CRT 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.
The section in the SAI entitled "INVESTMENT ADVISORY AND OTHER
SERVICES" is supplemented as follows:
Under a Management Contract (the "Management Contract") between the
Trust and Evergreen Investment Management Company ("EIMC"), EIMC, at its
expense, provides Evergreen CRT California Tax-Exempt Money Market Fund,
Evergreen CRT New York Tax-Exempt Money Market Fund and Evergreen CRT Tax-Exempt
Money Market Fund with investment advisory services.
II. Evergreen CRT Money Market Fund, Evergreen U.S. Government Money Market
Fund
Effective November 1, 2000, Evergreen Investment Management will become
the Funds' investment advisor. 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 section of the prospectus entitled
"FUND FACTS" is supplemented as follows:
Investment Advisor:
o Evergreen Investment Management
In addition, the section entitled "THE FUNDS' INVESTMENT ADVISORS" is
supplemented as follows:
Evergreen Investment Management (EIM) is the investment advisor to:
o CRT Money Market Fund
o 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 the SAI entitled "INVESTMENT ADVISORY AND OTHER
SERVICES" is supplemented as follows:
Under a Management Contract (the "Management Contract") between the
Trust and Evergreen Investment Management ("EIM"), EIM, at its expense, provides
Evergreen CRT Money Market Fund and Evergreen U.S. Government Money Market Fund
with investment advisory services.
November 1, 2000 556322 11/00
