Fund Currently Managed

Evergreen Health Care/A (EHABX), since inception in December, 1999.

Investment Style Overview

Invests in health care stocks around the globe, regardless of market-cap size. Focuses on business fundamentals, valuations, and earnings growth. Looks for stocks of companies trading at significant discounts to intrinsic value. Sells when price targets are reached.

Key Stock Selection Criteria

*Undervalued.

*Potential for above-average long-term returns.

Key Sell Criteria

*Reaches price target.

*Fundamentals deteriorate.

Biographical Notes

Liu-Er Chen, CFA, has been a vice president and portfolio manager since joining Evergreen Investment Management Co. in December 1995. Prior to that, he spent three years in U.S. and Germany pharmaceutical companies in their strategic planning area. He grew up in China and received advanced medical training there. He also received an MBA at Columbia University.

In addition to managing Evergreen Health Care fund, Chen is also involved in managing Evergreen Emerging Markets Growth Fund (EMGAX), the Asian ex-Japan portion of the Evergreen Global Opportunities Fund (EKGAX), and the Evergreen Premier 20 Fund (EPRAX).