EVERGREEN VARIABLE TRUST /OH, 497, 1997-09-05

EVERGREEN VARIABLE TRUST /OH
497, 1997-09-05

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                           SUPPLEMENT TO THE CURRENT
                                  PROSPECTUS OF
                        EVERGREEN GROWTH AND INCOME FUND
                                  (the "Fund")

                  The  section of the  prospectus  entitled  "Management  of the
                  Funds  Portfolio  Manager" is hereby  supplemented  to read as
                  follows:

                           "The portfolio managers for Evergreen Growth and
                           Income Fund are Stephen A. Lieber and Gary R.
                           Buesser.  Mr. Lieber is currently Chairman and Co-
                           Chief Executive Officer of Evergreen Asset and has
                           been associated with Evergreen Asset and its
                           predecessor since 1969.  Mr. Buesser joined Lieber
                           & Company in 1996 as an analyst.  Previously, he
                           was a portfolio manager/analyst with Cowen Asset
                           Management and Shearson Lehman Brothers."


                  August 20, 1997

                                                            GRTH-INC-SK