SUPPLEMENT TO PROSPECTUS
OF
EVERGREEN VARIABLE ANNUITY FUNDS
I. Evergreen VA Fund, Evergreen VA Small Cap Value Fund
Effective July 9, 1999, the section of the prospectus entitled "THE
FUNDS' PORTFOLIO MANAGERS" is supplemented to reflect the following change:
Evergreen VA Fund
The day-to-day management of the Fund is handled by Stephen A. Lieber.
Mr. Lieber is Chairman and Co-Chief Executive Officer of EAMC. He was a founding
partner of Lieber & Company, the original sponsor of the Evergreen Funds, when
it was established in 1969. He has been with EAMC and its predecessor since 1971
and has been in the investment management profession since 1952. Mr. Lieber has
also managed Evergreen Fund since its inception in 1970.
Evergreen VA Small Cap Value Fund
The day-to-day management of the Fund is handled by Jordan Alexander,
CFA. Mr. Alexander has been an assistant portfolio manager since joining EAMC in
September 1998 and has been the portfolio manager of the Fund since July 1999.
From 1995-1998, he was an associate healthcare analyst at PaineWebber
Incorporated. From 1993-1995, he was a senior financial analyst at Arthur
Andersen LLP.
XXXXXX 6/99
June 14, 1999
