Jan. 28, 2003 -- Evergreen Investments said it has agreed to
acquire three Undiscovered Managers mutual funds that are run by an
Evergreen unit for an undisclosed amount of cash.
The funds include Undiscovered Managers Small Cap Value/Inv (USVRX) and
Undiscovered Managers Mid Cap Value/Instl (UHVLX). Also included in the deal
is the Undiscovered Managers Merger & Acquisition Fund, which is not yet
being offered for sale.
Kaplan will continue to manage the funds. Evergreen, a unit of Wachovia
Corp (WB), acquired Kaplan, which oversees about $3 billion in assets, last