Filed Pursuant to Rule 497(e)
File Number 33-80784
[MENTOR INVESTMENT GROUP LOGO]
MENTOR
INSTITUTIONAL TRUST
Supplement to Prospectuses
dated March 1, 1999
Several changes to the Portfolios will be considered by shareholders at a
special meeting of shareholders in October 1999. These changes are being
proposed in connection with efforts to integrate the Mentor Family of Funds and
the Evergreen Family of Funds, both of which are managed by affiliates of First
Union National Bank.
1. CONVERSIONS INTO SERIES OF DELAWARE BUSINESS TRUSTS AND NAME
CHANGES. Shareholders will be asked to consider conversions of the Portfolios
from series of Mentor Institutional Trust, a Massachusetts business trust, into
series of various Evergreen Delaware business trusts. As part of the
conversions, the Portfolios also expect to change their names as follows:
Mentor Fixed-Income Portfolio
Mentor Perpetual International Portfolio
Evergreen Select Fixed Income Fund II
Evergreen Perpetual International Fund
2. INVESTMENT OBJECTIVES AND STANDARDIZATION OF INVESTMENT RESTRICTIONS.
Shareholders will also be asked to consider the reclassification of the
Portfolios' investment objectives as non-fundamental (meaning they could be
altered without the approval of shareholders), and standardization of the
Portfolios' investment restrictions to bring them more closely in line with
those of the Evergreen Funds.
IF YOU WOULD LIKE ADDITIONAL INFORMATION CONCERNING ANY OF THE PORTFOLIOS,
PLEASE CALL MENTOR SERVICES COMPANY, INC. AT 1-800-869-6042.
August 18, 1999
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[MENTOR INVESTMENT GROUP LOGO]
MENTOR INSTITUTIONAL TRUST
SNAP FUND
Supplement to Prospectus
dated October 30, 1998
Several changes to the Fund will be considered by shareholders at a special
meeting of shareholders in October 1999. These changes are being proposed in
connection with efforts to integrate the Mentor Family of Funds and the
Evergreen Family of Funds, both of which are managed by affiliates of First
Union National Bank.
1. CONVERSION INTO A SERIES OF A DELAWARE BUSINESS TRUST. Shareholders will be
asked to consider a conversion of the Fund from a series of Mentor
Institutional Trust, a Massachusetts business trust, into a series of Evergreen
Select Money Market Trust, a Delaware business trust.
IF YOU WOULD LIKE ADDITIONAL INFORMATION CONCERNING THE FUND, PLEASE CALL
MENTOR SERVICES COMPANY, INC. AT 1-800-869-6042.
August 18, 1999
