N-Q 1 e143048.htm SCHEDULE OF PORTFOLIO HOLDINGS
   
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number     811-08555


Money Market Trust


(Exact name of registrant as specified in charter)

200 Berkeley Street
Boston, Massachusetts 02116


(Address of principal executive offices)    (Zip code)

Michael H. Koonce, Esq.
200 Berkeley Street
Boston, Massachusetts 02116


(Name and address of agent for service)

Registrant’s telephone number, including area code:   (617) 210-3200




Date of fiscal year end:


Registrant is making a quarterly filing for 9 of its series, Evergreen California Municipal Money Market Fund, Evergreen Florida Municipal Money Market Fund, Evergreen Money Market Fund, Evergreen Municipal Money Market Fund, Evergreen New Jersey Municipal Money Market Fund, Evergreen New York Municipal Money Market Fund, Evergreen Pennsylvania Municipal Money Market Fund, Evergreen Treasury Money Market Fund, Evergreen U.S. Government Money Market Fund, for the quarter ended April 30, 2005. These 9 series have a January 31 fiscal year end.

Date of reporting period:

April 30, 2005


Item 1 – Schedule of Investments



EVERGREEN CALIFORNIA MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS

April 30, 2005  (unaudited)
  Principal
Amount
Value


MUNICIPAL OBLIGATIONS  99.7%
           

EDUCATION  16.3%
   
ABAG Fin. Auth. for Nonprofit Corps., CA RB, The Thatcher Sch. Proj., 3.04%, VRDN,    
    (LOC: Key Bank)     $ 8,000,000   $ 8,000,000  
California CDA, RB, Biola Univ.:    
    Ser. A, 3.02%, VRDN, (LOC: Allied Irish Bank plc)       9,000,000     9,000,000  
    Ser. B, 3.02%, VRDN, (SPA: BNP Paribas S.A.)       2,820,000     2,820,000  
California Edl. Facs. Auth. RRB, Art Ctr. Design College, Ser. B, 3.08%, VRDN       900,000     900,000  
Foothill-De Anza, CA Cmnty. College Dist. ROC, 3.11%, VRDN, (Liq.: Citibank, N.A.)       6,655,000     6,655,000  
San Diego Cnty., CA COP, Friends of Chabad Proj., 3.08%, VRDN, (LOC: Comerica, Inc.)       2,800,000     2,800,000  

        30,175,000


GENERAL OBLIGATION - LOCAL  3.2%
   
Clovis, CA Unified Sch. Dist. GO, 3.11%, VRDN, (Insd. by FGIC & Liq.: Merrill Lynch & Co., Inc.)       1,330,000     1,330,000  
Midway, CA Sch. Dist COP, Refinancing Proj., Ser. 2000, 3.10%, VRDN, (Liq.: Union Bank    
    of California)       4,555,000     4,555,000  

        5,885,000


GENERAL OBLIGATION - STATE  7.2%
   
ABN Amro Munitops Cert. Ser. 2004-12, 3.02%, VRDN, (Insd. by MBIA & ABN Amro Bank)       1,700,000     1,700,000  
California GO:    
    2.92%, VRDN, (Insd. by MBIA & SPA: JPMorgan Chase & Co.)       1,500,000     1,500,000  
    PFOTER:    
        3.03%, VRDN, (Insd. by MBIA & Liq.: Societe Generale)       5,925,000     5,925,000  
        3.04%, VRDN, (SPA: Merrill Lynch & Co., Inc.)       4,100,000     4,100,000  

        13,225,000


HOUSING  20.5%
   
Bank of NY MTC RB, Ser. 2003-1, 3.10%, VRDN, (LOC: Bank of New York Co.)       7,505,000     7,505,000  
Class B Revenue Bond Cert. Trust, Ser. 2002-1, 3.44%, VRDN, (Liq.: American International    
    Group, Inc.)       7,000,000     7,000,000  
FHLMC, MHRB, Ser. M001, Class A, 3.09%, VRDN       2,971,608     2,971,608  
New Jersey Hsg. & Mtge. Fin. Agcy. PFOTER RB, 3.08%, VRDN, (LOC: Landesbank Hessen & Insd    
    by MBIA)       1,200,000     1,200,000  
PFOTER:    
    Class A, 2.40%, 02/02/2006, (Liq.: Merill Lynch & Co., Inc.)       970,000     970,000  
    Class B, 2.20%, 07/07/2005, (Liq.: Merrill Lynch & Co., Inc.)       2,905,000     2,905,000  
    Class F, 3.10%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       390,000     390,000  
San Jose, CA MHRB, PFOTER, 3.10%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       13,950,000     13,950,000  
Simi Valley, CA MHRB, PFOTER, 3.04%, VRDN, (LOC: Danske Bank)       1,000,000     1,000,000  

        37,891,608


INDUSTRIAL DEVELOPMENT REVENUE  19.8%
   
California CDA IDRB, Santos Proj., Ser A, 3.20%, VRDN, (LOC: California Bank & Trust)       3,250,000     3,250,000  
California CDA RB, Tri-H Investors Proj., 3.15%, VRDN, (LOC: Union Bank of California)       850,000     850,000  
California EDA RB, Killion Inds. Proj., 3.30%, VRDN, (LOC: Union Bank of California)       2,680,000     2,680,000  
California Infrastructure & EDRB:    
    G&G Specialty Foods Proj., 3.10%, VRDN, (LOC: Comerica, Inc.)       1,950,000     1,950,000  
    Haig Precision Manufacturing Corp., 3.20%, VRDN, (SPA: Bank of the West)       2,315,000     2,315,000  
    Surtec, Inc. Proj., Ser. A, 3.10%, VRDN, (LOC: Comerica, Inc.)       2,200,000     2,200,000  
    Winery, Inc. Proj., Ser. A, 3.10%, VRDN, (LOC: Comerica, Inc.)       3,000,000     3,000,000  
Douglas Cnty., GA IDRB, Electrical Fiber Sys. Proj., 3.39%, VRDN, (LOC: Regions Bank)       1,700,000     1,700,000  
Frankfort, IN EDRB, Gen. Seating of America Proj., 4.20%, VRDN, (LOC: Dai-Ichi Kangyo Bank, Ltd.)       1,275,000     1,275,000  
Glenn Cnty., CA IDA PCRB, Land O'Lakes, Inc. Proj., Ser. 1995, 3.10%, VRDN, (LOC: JPMorgan    
    Chase & Co.)       1,900,000     1,900,000  
Los Angeles, CA IDA RB, Kairak, Inc. Proj., 3.17%, VRDN, (LOC: U.S. Bank)       1,535,000     1,535,000  
Riverside Cnty., CA IDA RB, Computrus, Inc. Proj., 3.07%, VRDN       2,375,000     2,375,000  
Riverside, CA IDRB:    
    Advance Bus Graphics:    
        Ser. A, 3.10%, VRDN       1,450,000     1,450,000  
        Ser. B, 3.10%, VRDN       1,300,000     1,300,000  
    Trademark Plastics, Inc. Proj., 3.08%, VRDN       4,275,000     4,275,000  
    Triple H Processors Proj., 3.15%, VRDN, (LOC: Union Bank of California)       1,680,000     1,680,000  

[1]


EVERGREEN CALIFORNIA MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005 (unaudited)
  Principal
Amount
Value


MUNICIPAL OBLIGATIONS  continued
           

INDUSTRIAL DEVELOPMENT REVENUE  continued
   
South Bend, IN EDRB, Deluxe Sheet Metal, Inc. Proj., 3.16%, VRDN, (LOC: Standard Federal Bank)     $ 1,600,000   $ 1,600,000  
Westfield, IN IDRB, Standard Locknut Proj., 3.25%, VRDN, (Liq.: Wells Fargo & Co.)       1,230,000     1,230,000  

        36,565,000


MISCELLANEOUS REVENUE  4.4%
   
Pennsylvania EDFA Wstwtr. Treatment RRB, Sunoco, Inc. Proj., 3.19%, VRDN, (Gtd. by Sunoco, Inc.)       2,200,000     2,200,000  
Port Arthur, TX Navigation Dist. IDRB, Fina Oil & Chemical Co. Proj., 2.89%, VRDN,    
    (Gtd. by Total S.A.)       1,500,000     1,500,000  
Puerto Rico, Med. & Env. Pollution Ctl. Facs. RB, Becton Dickinson & Co., 2.60%, 03/01/2006,    
    (Gtd. by Becton Dickinson & Co.)       4,390,000     4,390,000  

        8,090,000


PUBLIC FACILITIES  9.7%
   
San Diego, CA Cert. Partner, ROC, 3.03%, VRDN, (Insd. by AMBAC & Liq: Citigroup Holdings)       7,895,000     7,895,000  
San Diego, CA Pub. Facs. Fin. Auth. Lease RB, PFOTER:    
    3.04%, VRDN, (Insd. by MBIA & Liq.: Merrill Lynch & Co., Inc.)       2,000,000     2,000,000  
    3.04%, VRDN, (Insd. by AMBAC & Liq.: Merrill Lynch & Co., Inc.)       8,000,000     8,000,000  

        17,895,000


RESOURCE RECOVERY  7.4%
   
California Pollution Ctl. Fin. Auth. Solid Wst. RB:    
    Cedar Ave. Recycling Proj. A, 3.07%, VRDN       3,000,000     3,000,000  
    Heritage Dairy Proj., 3.06%, VRDN, (Liq.: Wells Fargo & Co.)       1,500,000     1,500,000  
    John B. & Ann M. Verwey Proj., 3.06%, VRDN, (LOC: Bank of America Corp.)       3,400,000     3,400,000  
    Napa Recycling & Waste Proj., Ser. A, 3.22%, VRDN, (LOC: Union Bank of California)       5,255,000     5,255,000  
    South Lake Refuse Co. Proj., Ser. A, 3.12%, VRDN, (LOC: Comerica, Inc.)       500,000     500,000  

        13,655,000


SOLID WASTE  0.5%
   
New Hampshire Business Fin. Auth. Solid Wst. Disposal RB, Waste Management, Inc. Proj.,    
    2.90%, 06/01/2005, (LOC: Bank of America Corp.)       1,000,000     1,000,000  


SPECIAL TAX  2.6%
   
Camden, NJ BAN, 3.50%, 11/29/2005       4,700,000     4,727,026  


TOBACCO REVENUE  0.9%
   
California Tobacco Settlement RB, PFOTER, 3.08%, VRDN, (LOC: WestLB AG)       1,625,000     1,625,000  


TRANSPORTATION  2.0%
   
Foothill/Eastern Trans. Corridor Agcy., CA Toll Road RB, PFOTER, 3.06%, VRDN, (Liq.: Merrill Lynch    
    & Co., Inc.)       3,670,000     3,670,000  


UTILITY  2.4%
   
Carlton, WI PCRB, Wisconsin Pwr. & Light Proj., 3.16%, VRDN, (Gtd. by Wisconsin Pwr. & Light)       800,000     800,000  
Delaware EDA RB, Delmarva Pwr. & Light Co. Proj., 3.20%, VRDN, (Gtd. by Delmarva Pwr. &    
    Light Co.)       1,100,000     1,100,000  
Delaware EDA RRB, Delmarva Pwr. & Light Co. Proj., Ser. 1993C, 3.20%, VRDN, (Gtd. by Delmavra    
    Pwr. & Light Co.)       700,000     700,000  
Northern California Pub. Pwr. Agcy. RB MSTR, Ser. 35A, 3.05%, VRDN, (Insd. by MBIA & LOC:    
    JPMorgan Chase & Co.)       1,300,000     1,300,000  
Sheboygan, WI PCRB, Wisconsin Pwr. & Light Proj., 3.35%, VRDN, (Gtd. by Wisconsin    
    Pwr. & Light)       600,000     600,000  

        4,500,000


WATER & SEWER  2.8%
   
Hanford, CA Swr. RB, Ser. A, 3.12%, VRDN       1,065,000     1,065,000  
Olcese, CA Wtr. Dist. COP, Rio Bravo Wtr. Delivery Proj., Ser. A, 2.70%, 05/17/2005, (SPA: Sumitomo    
    MIT Bank Corp.)       4,200,000     4,200,000  

        5,265,000

Total Investments  (cost $184,168,634)  99.7%             184,168,634  
Other Assets and Liabilities  0.3%             494,663  

Net Assets  100.0%           $ 184,663,297  


[2]


EVERGREEN CALIFORNIA MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005 (unaudited)


VRDN


Variable Rate Demand Note security which is payable on demand within seven calendar days after notice is given by the Fund to the issuer or other parties not affiliated with the issuer. Interest rates are determined and reset by the issuer daily, weekly, or monthly depending upon the terms of the security. Interest rates presented for these securities are those in effect at April 30, 2005.

Summary of Abbreviations
AMBAC American Municipal Bond Assurance Corp.
BAN Bond Anticipation Note
CDA Community Development Authority
COP Certificates of Participation
EDA Economic Development Authority
EDFA Economic Development Finance Authority
EDRB Economic Development Revenue Bond
FGIC Financial Guaranty Insurance Co.
FHLMC Federal Home Loan Mortgage Corp.
GO General Obligation
IDA Industrial Development Authority
IDRB Industrial Development Revenue Bond
LOC Letter of Credit
MBIA Municipal Bond Investors Assurance Corp.
MHRB Multifamily Housing Revenue Bond
MSTR Municipal Securities Trust Receipt
MTC Municipal Trust Certificates
PCRB Pollution Control Revenue Bond
PFOTER Putable Floating Option Tax Exempt Receipts
RB Revenue Bond
ROC Reset Option Certificate
RRB Refunding Revenue Bond
SPA Securities Purchase Agreement

Certain obligations held in the portfolio have credit enhancements or liquidity features that may, under certain circumstances, provide for repayment of principal and interest on the obligation upon demand date, interest rate reset date or final maturity. These enhancements include: letters of credit; liquidity guarantees; security purchase agreements; tender option purchase agreements; and third party insurance (i.e. AMBAC, FGIC and MBIA). Adjustable rate bonds and variable rate demand notes held in the portfolio may be considered derivative securities within the standards imposed by the Securities and Exchange Commission under Rule 2a-7 which were designed to minimize both credit and market risk.

On April 30, 2005, the cost of investments for federal income tax purposes for the Fund was the same as for financial reporting purposes.

The following table shows the percent of total investments by geographic location as of April 30, 2005:

California 75.1%
Delaware 6.4%
New York 4.1%
New Jersey 3.2%
Puerto Rico 2.4%
Indiana 2.2%
Pennsylvania 1.2%
Georgia 0.9%
Texas 0.8%
Wisconsin 0.8%
New Hampshire 0.5%
Non-state specific 2.4%

  100.0%

At April 30, 2005, the Fund had the following open credit default swap contracts outstanding:

Expiration
Counterparty
Reference Debt
Obligation

Notional
Amount

Annual Rate of
Fixed Payments
Made by the Fund

Payment
Frequency

06/01/2005 Bank of
America Corp.
New Hampshire Business
Fin. Auth. Solid Wst.
Disposal RB, Waste
Management, Inc. Proj.
$1,000,000 0.46% Quarterly

[3]


EVERGREEN FLORIDA MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS

April 30, 2005  (unaudited)
  Principal
Amount
Value


MUNICIPAL OBLIGATIONS  99.8%
           

AIRPORT  12.1%
   
Greater Orlando Aviation Auth. RB, Flight Safety Proj., Ser. A, 3.05%, VRDN, (Gtd. by Berkshire    
    Hathaway)     $ 6,100,000   $ 6,100,000  
Miami-Dade Cnty., FL IDA Arpt. Facs. RB, Flight Safety Proj.:    
    Ser. A, 3.25%, VRDN, (Gtd. by Boeing Co.)       16,910,000     16,910,000  
    Ser. B, 3.25%, VRDN, (Gtd. by Boeing Co.)       19,030,000     19,030,000  

        42,040,000


CONTINUING CARE RETIREMENT COMMUNITY  2.5%
   
Bay Cnty., FL RB, Methodist Home for Aging, 3.31%, VRDN, (Insd. by FHLB)       7,885,000     7,885,000  
Orange Cnty., FL Hlth. Facs. Auth. RB, Hlth. Facs. Svcs., Inc. Proj., 2.99%, VRDN,    
    (LOC: SunTrust Banks, Inc.)       830,000     830,000  

        8,715,000


EDUCATION  3.0%
   
Brevard Cnty., FL Sch. Board COP, Ser. 638, 3.03%, VRDN, (LOC: JPMorgan Chase & Co.)       2,500,000     2,500,000  
Crown Point, IN GO, Cmnty. Sch. Corp. TAN, 3.25%, 12/30/2005       3,334,000     3,349,168  
Merrillville, IN Cmnty. Sch. Corp. TAN, 3.00%, 12/30/2005       2,000,000     2,007,515  
Roosevelt, NY GO, Union Free Sch. Dist. TAN, 2.75%, 07/07/2005       2,000,000     2,000,525  
University of South Florida Research Foundation RB, Univ. Tech. Proj., Ser. A, 2.91%, VRDN,    
    (LOC: SunTrust Banks, Inc.)       400,000     400,000  

        10,257,208


GENERAL OBLIGATION - LOCAL  0.7%
   
Wildgrass, CO GO, 2.40%, VRDN, (LOC: Compass Bancshares, Inc.)       2,500,000     2,500,000  


GENERAL OBLIGATION - STATE  1.9%
   
Florida Dept. of Trans. GO ROC, 3.03%, VRDN, (Liq.: Citigroup, Inc.)       1,490,000     1,490,000  
Puerto Rico Govt. Dev. Bank GO, 2.80%, VRDN       5,300,000     5,300,000  

        6,790,000


HOSPITAL  5.6%
   
Highlands Cnty., FL Hlth. Facs. Auth. RB, Adventist Hlth. Sys. Proj., Ser. A, 3.00%, VRDN,    
    (LOC: SunTrust Banks, Inc.)       300,000     300,000  
Huntsville, AL Hlth. Care Auth. Facs. RB, Ser. B, 4.65%, VRDN       1,000,000     1,002,252  
Indianapolis, IN Hlth. Fac. Fin. Auth. RB, Ascension Hlth. Credit Group, 2.50%, 03/01/2006       3,050,000     3,047,489  
Jacksonville, FL IDRB, Univ. of Florida Hlth. & Science Ctr., 3.04%, VRDN, (LOC: Bank of    
    America Corp.)       800,000     800,000  
Miami, FL Hlth. Facs. Auth. PFOTER, Mercy Hosp., 3.08%, VRDN, (LOC: WestLB AG)       1,495,000     1,495,000  
Orange Cnty., FL Hlth. Facs. Auth. RB, Adventist Hlth. Sys., Ser. 1998-171, 3.09%, VRDN,    
    (Liq.: Morgan Stanley)       8,000,000     8,000,000  
Punta Gorda, FL Hlth. Facs. RB, Ser. 98-32, 3.09%, VRDN, (Liq.: Morgan Stanley)       1,175,000     1,175,000  
Saint Lucie Cnty., FL IDA, Savannah Hosp. Proj., 3.00%, VRDN, (LOC: Canadian Imperial Bank)       3,545,000     3,545,000  

        19,364,741


HOUSING  25.2%
   
Alachua Cnty., FL HFA RB, Hsg. Univ. Cove Apts. Proj., 3.05%, VRDN, (LOC: SunTrust Banks, Inc.)       3,975,000     3,975,000  
Brevard Cnty., FL HFA MHRB, Shore View Apts. Proj., 2.95%, VRDN, (LOC: Harris Trust & Savings)       2,200,000     2,200,000
Broward Cnty., FL HFA RB, Ser. 2000-C, 3.21%, VRDN, (LOC: Citibank)       15,000     15,000  
Broward Cnty., FL MHRB, Cypress Grove Apts., Ser. B, 3.49%, VRDN, (LOC: Citibank)       4,270,000     4,270,000  
Class B Revenue Bond Cert. Trust:    
    3.44%, VRDN, (Liq.: American International Group, Inc.)       8,095,000     8,095,000  
    Ser. 2003-1, 2.65%, 03/06/2006, (Liq.: American International Group, Inc.)       6,530,000     6,530,000  
Clipper Tax-Exempt Cert. Trust COP:    
    Ser. 1999-2, 3.19%, VRDN, (SPA: State Street Corp.)       226,013     226,013  
    Ser. 2000-1, 3.11%, VRDN, (SPA: State Street Corp.)       10,037,000     10,037,000  
Florida HFA RB, 3.07%, VRDN, (Liq.: Merril Lynch & Co., Inc.)       1,180,000     1,180,000  
Florida HFA MHRB:    
    3.08%, VRDN, (Liq.: Merril Lynch & Co., Inc.)       7,915,000     7,915,000  
    Lee Vista Apts., 3.04%, VRDN, (Insd. by FHLMC)       18,000,000     18,000,000  
    Maitland Apts., 3.04%, VRDN, (Insd. by FHLMC)       675,000     675,000  

[1]


EVERGREEN FLORIDA MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005  (unaudited)
  Principal
Amount
Value


MUNICIPAL OBLIGATIONS  continued
           

HOUSING  continued
   
Michigan HDA RB, Bloomfield River Apts., 2.40%, VRDN (LOC: JPMorgan Chase & Co.)     $ 4,000,000   $ 4,000,000  
Orange Cnty., FL HFA RB, 3.08%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       1,900,000     1,900,000  
Orange Cnty., FL Hsg. Fin. Mtge. RB, Lee Vista Club Apts., Ser. A, 2.99%, VRDN, (LOC: AmSouth    
    Bancorp)       500,000     500,000  
Osceola Cnty., FL HFA RB, Arrow Ridge Apts., Ser. A, 2.97%, VRDN, (Insd. by FNMA)       1,025,000     1,025,000  
Palm Beach Cnty., FL MHRB PFOTER, 3.08%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       6,790,000     6,790,000  
PFOTER, Class B, 2.40%, 02/02/2006 (Insd. by FHLMC)       1,925,000     1,925,000  
Pinellas Cnty., FL HFA PFOTER:    
    3.08%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       305,000     305,000  
    3.08%, VRDN, (SPA: RaboBank Neder & LandesBank Hessen)       1,100,000     1,100,000  
Pinellas Cnty., FL HFA SFHRB, 3.08%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       800,000     800,000  
Volusia Cnty., FL HFA RB, Sunrise Pointe Apts., Ser. A, 3.06%, VRDN, (LOC: Bank of America Corp.)       5,700,000     5,700,000  

        87,163,013


INDUSTRIAL DEVELOPMENT REVENUE  15.8%
   
Alachua Cnty, FL IDRB, Florida Rock Proj., 3.05%, VRDN, (LOC: Bank of America Corp.)       1,000,000     1,000,000  
Capital Trust PFOTER, Seminole Convention Proj., Ser. A, 3.06%, VRDN, (LOC: JPMorgan    
    Chase & Co.)       2,500,000     2,500,000  
Colorado HFA EDRB, Corey Bldg. Proj., Ser. A, 3.13%, VRDN, (LOC: Wells Fargo & Co.)       1,530,000     1,530,000  
Dade Cnty., FL IDA RB, Quipp, Inc. Proj., 3.10%, VRDN, (LOC: Bank of America Corp.)       450,000     450,000  
Escambia Cnty., FL IDRB, Daw's Manufacturing Co., Inc. Proj., 3.14%, VRDN, (LOC: Bank of    
    America Corp.)       3,305,000     3,305,000  
Florida Capital Trust Agcy. RB, Seminole Convention Proj., 3.39%, VRDN, (Liq.: Merrill    
    Lynch & Co., Inc.)       11,700,000     11,700,000  
Florida Dev. Fin. Corp. IDRB:    
    Enterprise Building Proj.:    
        Ser. A-1, 3.15%, VRDN, (LOC: SunTrust Banks, Inc.)       970,000     970,000  
        Ser. A-2, 3.10%, VRDN, (LOC: SunTrust Banks, Inc.)       670,000     670,000  
    Enterprise Triple Crown Trailers, Ser. 2002-C1, 3.15%, VRDN, (LOC: SunTrust Banks, Inc.)       1,200,000     1,200,000  
    Fort Walton Proj., Ser. A-4, 3.10%, VRDN, (LOC: SunTrust Banks, Inc.)       745,000     745,000  
    Novelty Crystal Proj., 3.10%, VRDN, (LOC: SunTrust Banks, Inc.)       1,100,000     1,100,000  
    Plastics Components Proj., 3.10%, VRDN, (LOC: SunTrust Banks, Inc.)       850,000     850,000  
    Suncoast Bakeries Proj., Ser. A-1, 3.10%, VRDN, (LOC: SunTrust Banks, Inc.)       590,000     590,000  
Hillsborough Cnty., FL IDRB, Berry Packaging, Inc., 3.07%, VRDN, (LOC: Bank of America Corp.)       1,655,000     1,655,000  
Jacksonville, FL EDA IDRB, Crown Products Co. Proj., Ser. 1998, 3.10%, VRDN, (LOC: SunTrust    
    Banks, Inc.)       800,000     800,000  
Jacksonville, FL EDA RB, Hartley Press, Inc., Ser. A, 3.10%, VRDN, (LOC: Bank of America Corp.)       2,950,000     2,950,000  
Massachusetts Indl. Fin. Agcy. RB, Portland Causeway Proj., 2.50%, VRDN, (LOC: Sovereign    
    Bancorp, Inc.)       600,000     600,000  
Miami-Dade Cnty., FL IDA RB, Reflectone, Inc. Proj., 3.05%, VRDN, (LOC: Royal Bank of Canada)       11,000,000     11,000,000  
Pasco Cnty., FL IDRB, PAC-MED, Inc. Proj., 3.10%, VRDN, (LOC: Bank of America Corp.)       2,000,000     2,000,000  
Polk Cnty., FL IDA RB:    
    Citrus World, Inc. Proj., 3.23%, VRDN, (LOC: SunTrust Banks, Inc.)       1,000,000     1,000,000  
    Sun Orchard Florida, Inc. Proj., 3.15%, VRDN, (LOC: U.S. Bank & Trust)       1,620,000     1,620,000  
Sheboygan, WI IDRB, Vortex Liquid Color Proj., 3.31%, VRDN, (LOC: Associated Banc-Corp.)       1,640,000     1,640,000  
Volusia Cnty., FL IDA RB, Ideal Spot Properties Proj., Ser. A, 3.05%, VRDN, (LOC: Bank of    
    America Corp.)       4,865,000     4,865,000  

        54,740,000


LEASE  0.2%
   
Koch Floating Rate Trust Cert., Ser. 2000-1, 3.19%, VRDN, (LOC: State Street Corp.)       781,317     781,317  


MISCELLANEOUS REVENUE  2.3%
   
Michigan Strategic Fund, Dow Chemical Co. Proj., Ser. 2003A-1, 2.40%, VRDN (Gtd. by    
    Dow Chemical Co.)       2,000,000     2,000,000  
Palm Beach Cnty., FL RB, Jewish Cmnty. Campus Corp., 2.97%, VRDN, (LOC: Northern Trust Corp.)       5,840,000     5,840,000  

        7,840,000


[2]


EVERGREEN FLORIDA MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005  (unaudited)
  Principal
Amount
Value


MUNICIPAL OBLIGATIONS  continued
           

PORT AUTHORITY  0.6%
   
Valdez, AK Marine Terminal RB, 1.80%, 06/01/2005, (Gtd. by ConocoPhillips)     $ 2,000,000   $ 2,000,000  


PUBLIC FACILITIES  4.6%
   
Hillsborough Cnty., FL Sch. Board COP, Ser. 2000-E, 3.14%, VRDN, (LOC: Bank of America Corp.)       4,590,000     4,590,000  
Miami-Dade Cnty., FL Sch. Board COP:    
    3.03%, VRDN, (LOC: JPMorgan Chase & Co.)       3,100,000     3,100,000  
    3.03%, VRDN, (Liq.: Citigroup, Inc.)       4,580,000     4,580,000  
Orange Cnty., FL Sch. Board COP, Ser. 2000-328, 3.05%, VRDN, (Liq.: Morgan Stanley)       350,000     350,000  
Palm Beach Cnty., FL Sch. Board COP, 3.03%, VRDN, (LOC: Citibank)       2,710,000     2,710,000  
St. Lucie Cnty., FL Sch. Board COP, 3.02%, VRDN, (LOC: Bank of New York Co.)       588,000     588,000  

        15,918,000


RESOURCE RECOVERY  0.9%
   
Montana Resource Recovery RB, Colstrip Energy Proj., 2.45%, VRDN       3,000,000     3,000,000  


SPECIAL TAX  5.9%
   
Boynton Beach, FL Cmnty. Redev. Agcy. RB, Ser. 657, 3.03%, VRDN, (LOC: JPMorgan Chase & Co.)       1,595,000     1,595,000  
Broward Cnty., FL Sales Tax RB, Ser. A, 2.45%, VRDN (Gtd. by Dexia Credit)       1,587,000     1,587,000  
California Economic Recovery ROC, 1.70%, VRDN, (LOC: Citibank)       3,000,000     3,000,000  
Florida Board of Ed. Lottery COP, Eagle Trust Cert., Ser. 2001-0904, 3.03%, VRDN, (LOC: Citibank)       2,600,000     2,600,000  
Lee Cnty., FL Trans. Facs. ROC, 3.03%, VRDN, (Liq.: Citigroup, Inc.)       3,995,000     3,995,000  
Palm Beach Cnty., FL Criminal Justice Facs., Ser. 191, 1.75%, VRDN, (Liq.: Morgan Stanley)       7,495,000     7,495,000  

        20,272,000


UTILITY  16.5%
   
Burke Cnty., GA PCRB, Oglethorpe Pwr. Proj., Ser. A, 2.55%, VRDN (SPA: RaboBank Neder)       10,000,000     10,000,000  
Carlton, WI PCRB, Wisconsin Pwr. & Light Proj., 3.16%, VRDN, (Gtd. by Wisconsin Pwr. & Light)       2,700,000     2,700,000
Coconino Cnty., AZ PCRB, Arizona Pub. Svc. Co. Proj., 3.09%, VRDN, (Gtd. by Arizona Pub. Svc. Co.)       1,000,000     1,000,000
Jacksonville, FL Elec. Auth. RB:    
    Ser. 2000-A, 2.05%, VRDN (SPA: WestLB AG)       22,100,000     22,100,000  
    Ser. 2000-F, 2.35%, VRDN (SPA: LandesBank Hessen & Thuringen Girozentrale)       5,000,000     5,000,000  
La Cygne, KS Env. Impt. RB, Kansas City Pwr. & Light Co. Proj., 2.25%, VRDN (Gtd. by Kansas    
    City Pwr. & Light Co.)       2,000,000     1,995,865  
Port St. Lucie, FL Util. Sys. RRB, Ser. A, 3.03%, VRDN, (SPA: RBC Centura Bank)       14,200,000     14,200,000  

        56,995,865


WATER & SEWER  2.0%
   
Colorado Superior Metro. Dist. No. 1 RRB, Ser. A, 2.30%, VRDN, (SPA: BNP Paribas)       3,030,000     3,030,000  
Florida Util. Auth. RB, Ser. 327, 3.05%, VRDN, (Liq.: Morgan Stanley)       348,500     348,500  
West Palm Beach, FL Util. Sys. RB, Ser. 972, 3.03%, VRDN, (Liq.: Morgan Stanley)       3,500,000     3,500,000  

        6,878,500

Total Investments  (cost $345,255,644)  99.8%             345,255,644  
Other Assets and Liabilities  0.2%             768,352  

Net Assets  100.0%           $ 346,023,996  



VRDN


Variable Rate Demand Note security which is payable on demand within seven calendar days after notice is given by the Fund to the issuer or other parties not affiliated with the issuer. Interest rates are determined and reset by the issuer daily, weekly, or monthly depending upon the terms of the security. Interest rates presented for these securities are those in effect at April 30, 2005.


[3]


EVERGREEN FLORIDA MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005  (unaudited)


Summary of Abbreviations
COP Certificates of Participation
EDA Economic Development Authority
EDRB Economic Development Revenue Bond
FHLB Federal Home Loan Bank
FHLMC Federal Home Loan Mortgage Corp.
FNMA Federal National Mortgage Association
GO General Obligation
HDA Housing Development Authority
HFA Housing Finance Authority
IDA Industrial Development Authority
IDRB Industrial Development Revenue Bond
LOC Letter of Credit
MHRB Multifamily Housing Revenue Bond
PCRB Pollution Control Revenue Bond
PFOTER Putable Floating Option Tax Exempt Receipts
RB Revenue Bond
ROC Reset Option Certificate
RRB Refunding Revenue Bond
SFHRB Single Family Housing Revenue Bond
SPA Securities Purchase Agreement
TAN Tax Anticipation Note

Certain obligations held in the portfolio have credit enhancements or liquidity features that may, under certain circumstances, provide for repayment of principal and interest on the obligation upon demand date, interest rate reset date or final maturity. These enhancements include: letters of credit; liquidity guarantees; security purchase agreements; tender option purchase agreements, and third party insurance (i.e. AMBAC, FGIC, and MBIA). Adjustable rate bonds and variable rate demand notes held in the portfolio may be considered derivative securities within the standards imposed by the Securities and Exchange Commission under Rule 2a-7 which were designed to minimize both credit and market risk.

The following table shows the percent of total investments by geographic location as of April 30, 2005:

Florida 78.8%
Georgia 2.9%
Indiana 2.4%
Colorado 2.0%
Puerto Rico 1.5%
Michigan 1.2%
Wisconsin 1.2%
California 0.9%
Montana 0.9%
Alaska 0.6%
Delaware 0.6%
Kansas 0.6%
New York 0.6%
Alabama 0.3%
Arizona 0.3%
Massachusetts 0.2%
Non-state specific 5.0%

  100.0%

On April 30, 2005, the cost of investments for federal income tax purposes for the Fund was the same as for financial reporting purposes.


[4]


EVERGREEN MONEY MARKET FUND
SCHEDULE OF INVESTMENTS

April 30, 2005    (unaudited)
  Principal
Amount
Value


CERTIFICATES OF DEPOSIT    10.0%
           
Credit Suisse First Boston Corp.:    
    2.57%, 11/10/2005     $ 150,000,000   $ 150,000,000  
    2.74%, 12/09/2005       75,000,000     75,000,000  
Deutsche Bank AG:    
    1.53%, 05/06/2005       85,000,000     85,000,000  
    2.45%, 10/07/2005       110,000,000     110,000,000  
    2.81%, 12/12/2005       100,000,000     100,000,000  
First Tennessee Bank:    
    2.75%, 12/13/2005       75,000,000     75,000,000  
    3.00%, 06/17/2005       50,000,000     50,000,000  
    3.04%, 07/07/2005       50,000,000     50,000,000  
National Bank of Commerce, 3.02%, 05/30/2005       50,000,000     49,999,219  
SunTrust Banks, Inc.:    
    2.86%, 06/02/2005       50,000,000     50,000,000  
    3.14%, 08/18/2005       50,000,000     50,000,000  
UBS AG, 2.76%, 12/14/2005       50,000,000     50,004,572  

            Total Certificates of Deposit    (cost $895,003,791)             895,003,791  


COMMERCIAL PAPER    48.7%
   

Asset-Backed    47.6%
   
Amstel Funding Corp.:    
    2.93%, 05/31/2005       50,000,000     49,881,986  
    3.06%, 07/21/2005       57,216,000     56,829,056  
ASAP Funding, 3.00%, 06/01/2005       125,000,000     124,750,000  
Barton Capital Corp., 2.89%, 05/10/2005       30,045,000     30,025,704  
Blue Spice LLC, 3.00%, 05/03/2005       30,000,000     29,997,500  
Check Point Charlie, Inc.:    
    2.70%, 05/05/2005       25,000,000     24,994,375  
    2.71%, 05/09/2005       68,600,000     68,582,671  
    2.76%, 05/12/2005       25,100,000     25,080,757  
    2.86%, 05/10/2005       21,000,000     20,986,653  
    3.00%, 05/18/2005       30,000,000     29,960,000  
Chesham Finance LLC:    
    2.76%, 05/17/2005       50,000,000     49,942,500  
    2.85%, 05/09/2005       50,000,000     49,972,292  
    3.00%, 05/02/2005       50,000,000     50,000,000  
Citibank Credit Card Issuance Trust, 3.02%, 05/31/2005       40,000,000     39,902,688  
Concord Minutemen Capital Co. LLC:    
    2.88%, 05/08/2005       100,000,000     100,000,000  
    2.93%, 05/16/2005       133,000,000     133,000,000  
Descartes Funding Trust, 2.95%, 05/15/2005       100,000,000     100,000,000  
Eiffel Funding LLC:    
    2.82%, 05/05/2005       25,000,000     24,994,125  
    2.86%, 05/09/2005       25,000,000     24,986,097  
    2.99%, 05/24/2005       50,000,000     49,908,639  
Fairway Finance Corp.:    
    2.83%, 05/09/2005       59,933,000     59,900,020  
    2.98%, 05/20/2005       61,063,000     60,972,016  
Ford Credit Corp.:    
    2.94%, 05/18/2005       50,000,000     49,934,667  
    3.00%, 05/25/2005       50,000,000     49,904,167  
    3.02%, 05/25/2005       30,000,000     29,942,117  
Galaxy Funding, Inc., 2.76%, 05/18/2005       20,000,000     19,975,467  
Gemini Securitization Corp.:    
    2.73%, 05/16/2005       25,175,000     25,148,272  
    2.96%, 06/06/2005       25,000,000     24,928,055  
Georgetown Funding LLC:    
    3.00%, 06/02/2005       25,000,000     24,935,417  
    3.05%, 06/21/2005       50,000,000     49,788,195  

[1]


EVERGREEN MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005 (unaudited)
  Principal
Amount
Value


COMMERCIAL PAPER    continued
           

ASSET-BACKED    continued
   
Giro Balanced Funding Corp.:    
    2.87%, 05/12/2005     $ 50,000,000   $ 49,960,139  
    3.01%, 05/27/2005       50,000,000     49,895,486  
Giro Multi-Funding Corp., 2.95%, 05/20/2005       50,000,000     49,926,250  
Grampian Funding LLC, 2.73%, 05/17/2005       90,000,000     89,897,625  
Greyhawk Funding LLC:    
    2.70%, 05/09/2005       36,000,000     35,981,100  
    2.85%, 05/05/2005       50,000,000     49,988,125  
Legacy Capital Corp., 2.80%, 05/17/2005       50,989,000     50,929,513  
Lexington Parker Capital Co. LLC:    
    2.71%, 05/10/2005       117,038,000     116,967,517  
    2.83%, 05/06/2005       100,000,000     99,976,417  
    2.89%, 05/18/2005       25,000,000     24,967,889  
    3.02%, 05/18/2005       25,000,000     24,966,444  
Lockhart Funding LLC:    
    2.71%, 05/09/2005       42,493,000     42,470,609  
    2.85%, 05/11/2005       90,000,000     89,935,875  
    2.99%, 05/19/2005       45,000,000     44,936,463  
Mortgage Interest Network, 2.93%, 05/11/2005       110,000,000     109,946,283  
Neptune Funding Corp.:    
    2.88%, 05/16/2005       120,912,000     120,816,289  
    3.10%, 07/11/2005       25,000,000     24,849,306  
Old Line Funding Corp., 2.87%, 05/16/2005       57,524,000     57,459,797  
Paradigm Funding LLC:    
    2.83%, 05/09/2005       100,000,000     99,944,972  
    2.84%, 05/06/2005       65,000,000     64,979,489  
    2.87%, 05/13/2005       50,000,000     49,956,153  
Park Granada LLC:    
    2.83%, 05/11/2005       60,182,000     60,141,393  
    2.91%, 05/24/2005       60,000,000     59,893,300  
    2.92%, 05/09/2005       49,000,000     48,972,179  
    2.93%, 05/03/2005       34,622,000     34,619,182  
    3.01%, 05/02/2005       35,000,000     35,000,000  
Perry Global Funding, Ltd. LLC:    
    2.85%, 05/11/2005       100,000,000     99,928,750  
    2.92%, 05/23/2005       97,911,000     97,744,225  
    2.93%, 05/23/2005       43,948,000     43,872,885  
Rhineland Funding Capital Corp.:    
    2.82%, 05/12/2005       24,913,000     24,893,485  
    2.95%, 05/20/2005       27,939,000     27,897,790  
    3.08%, 06/17/2005       78,167,000     77,859,369  
Skandin Ens Banken AG, 2.76%, 05/16/2005       50,000,000     49,946,333  
Thames Asset Global Securitization, Inc.:    
    2.76%, 05/18/2005       50,000,000     49,938,667  
    2.84%, 05/09/2005       50,000,000     49,972,389  
    2.85%, 05/12/2005       24,601,000     24,581,524  
    2.88%, 05/12/2005       24,879,000     24,859,097  
    2.95%, 05/16/2005       51,605,000     51,545,797  
    2.98%, 05/20/2005       27,798,000     27,756,581  
Thornburg Mortgage Capital Resources LLC:    
    2.85%, 05/05/2005       75,000,000     74,982,187  
    2.89%, 05/09/2005       26,000,000     25,985,389  
    2.91%, 05/12/2005       20,000,000     19,983,833  
    2.93%, 05/13/2005       95,000,000     94,920,646  
    2.97%, 05/17/2005       50,000,000     49,938,125  
    2.99%, 05/20/2005       5,000,000     4,992,525  

[2]


EVERGREEN MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005 (unaudited)
  Principal
Amount
Value


COMMERCIAL PAPER    continued
           

ASSET-BACKED    continued
   
Three Pillars Funding Corp.:    
    2.83%, 05/09/2005     $ 55,141,000   $ 55,110,657  
    2.92%, 05/16/2005       22,207,000     22,181,783  
Thunder Bay Funding LLC:    
    2.83%, 05/09/2005       15,211,000     15,202,630  
    2.90%, 05/16/2005       31,394,000     31,358,595  
    2.93%, 05/25/2005       50,000,000     49,906,403  
    2.98%, 05/16/2005       25,156,000     25,126,847  
Tulip Funding Corp., 3.00%, 05/20/2005       50,000,000     49,925,000  

        4,237,012,743

Diversified Financial Services    1.1%    
Sigma Finance, Inc., 2.75%, 05/19/2005       100,000,000     99,870,139  

            Total Commercial Paper    (cost $4,336,882,882)             4,336,882,882  


ASSET-BACKED SECURITIES    0.6%
   
Blue Heron Funding Corp., 2.88%, 05/22/2005 144A    (cost $50,000,000)       50,000,000     50,000,000


CORPORATE BONDS    26.1%
   

ASSET-BACKED    0.6%
   
Strategic Money Market Trust, FRN, 3.13%, 07/15/2005 144A       56,648,000     56,648,000  

Capital Markets    8.4%    
Bear Stearns Co., Inc., FRN, 2.89%, 05/05/2005       50,000,000     50,000,000  
Goldman Sachs Group, Inc., FRN, 3.25%, 06/21/2005       40,000,000     40,077,785  
Merrill Lynch & Co., Inc., FRN, 3.06%, 05/11/2005       300,000,000     300,000,000  
Morgan Stanley, FRN:    
    2.86%, 05/03/2005       100,000,000     99,964,212  
    2.95%, 05/16/2005       200,000,000     199,932,519  
Spear, Leeds & Kellogg LP, 8.25%, 08/15/2005 144A       52,000,000     52,866,526  

        742,841,042

Commercial Banks    4.5%    
HBOS plc, FRN, 2.90%, 05/20/2005 144A       150,000,000     150,000,000  
Marshall & Ilsley Bank Corp., 5.21%, 12/15/2005       50,000,000     50,694,651  
Wells Fargo & Co., FRN, 2.80%, 05/03/2005       100,000,000     100,000,000  
WestLB AG, FRN, 2.92%, 05/10/2005 144A       100,000,000     99,918,774  

        400,613,425

Consumer Finance    4.6%    
BMW U.S. Capital Corp. LLC, FRN:    
    3.01%, 05/24/2005       40,000,000     40,000,000  
    4.23%, 06/07/2005       50,000,000     50,098,334  
General Electric Capital Corp., FRN:    
    3.01%, 05/09/2005       100,000,000     100,000,000  
    3.07%, 05/17/2005       220,000,000     220,000,000  

        410,098,334

Diversified Financial Services    3.0%    
CC USA, Inc., FRN, 2.86%, 05/26/2005 144A       40,000,000     39,998,885  
Liberty Lighthouse U.S. Capital Corp.:    
    2.75%, 11/16/2005 144A       100,000,000     100,000,000  
    3.08%, 01/06/2006 144A       50,000,000     50,000,000  
Sigma Finance, Inc.:    
    1.58%, 05/06/2005 144A       40,000,000     40,000,000  
    1.87%, 05/17/2005 144A       40,000,000     40,000,000  

        269,998,885

Hotels, Restaurants & Leisure    0.6%    
McDonald's Corp., FRN, 4.49%, 03/07/2006 144A       50,000,000     50,398,737  


[3]


EVERGREEN MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005 (unaudited)
  Principal
Amount
Value


CORPORATE BONDS    continued
           

INDUSTRIAL CONGLOMERATES    0.9%
   
General Electric Co., FRN, 3.21%, 07/25/2005     $ 81,125,000   $ 81,157,343  

Pharmaceuticals    0.8%    
Pfizer, Inc., FRN, 2.69%, 05/04/2005       70,000,000     70,000,000  

Thrifts & Mortgage Finance    2.7%    
Countrywide Home Loans, Inc., FRN:    
    2.22%, 05/20/2005       30,000,000     29,999,704  
    2.98%, 05/26/2005       50,000,000     50,000,000  
    2.99%, 05/12/2005       40,000,000     40,001,420  
    3.02%, 05/23/2005       68,000,000     67,880,207  
    3.04%, 06/06/2005       33,000,000     33,000,000  
    3.27%, 07/29/2005       20,000,000     20,000,000  

        240,881,331

            Total Corporate Bonds    (cost $2,322,637,097)       2,322,637,097  


FUNDING AGREEMENTS    3.9%
   
Jackson National Life Insurance Co., 3.18%, 07/01/2005       75,000,000     75,000,000  
Transamerica Funding Agreement:    
    3.08%, 05/02/2005       140,000,000     140,000,000  
    3.25%, 07/01/2005       135,000,000     135,000,000  

            Total Funding Agreements    (cost $350,000,000)             350,000,000  


MUNICIPAL OBLIGATIONS    0.6%
   

Industrial Development Revenue    0.1%
   
Warren Cnty., KY IDA RB, Stupp Brothers, Inc. Proj., FRN, Ser. B-1, 3.02%, 05/05/2005, (LOC: Bank    
    of America Corp.)       11,600,000     11,600,000  

Miscellaneous Revenue    0.5%    
Detroit, MI Economic Dev. Corp. RB, Waterfront Recreation, FRN, Ser. B, 3.13%, 05/05/2005,    
    (LOC: Bank of America Corp.)       41,830,000     41,830,000  

            Total Municipal Obligations    (cost $53,430,000)             53,430,000  


U.S. GOVERNMENT & AGENCY OBLIGATIONS    10.0%
   
FHLB:    
    1.53%, 05/06/2005       100,000,000     100,000,000  
    1.58%, 05/10/2005       75,000,000     75,000,000  
    2.00%, 06/01/2005       35,730,000     35,729,559  
    2.50%, 11/02/2005       125,000,000     125,000,000  
    2.51%, 11/04/2005       100,000,000     100,000,000  
    3.00%, 01/18/2006       38,835,000     38,821,871  
    FRN, 2.00%, 08/11/2005       50,000,000     50,000,000  
FHLMC, FRN:    
    1.90%, 07/28/2005       50,000,000     50,000,000  
    2.50%, 07/19/2005       60,000,000     60,000,000  
FNMA:    
    1.40%, 05/03/2005       50,000,000     50,000,000  
    1.65%, 05/16/2005       25,000,000     25,000,000  
    1.75%, 05/23/2005       50,000,000     50,000,000  
    3.15%, 02/06/2006       80,000,000     79,991,729  
    FRN, 3.03%, 07/21/2005       50,000,000     49,984,816  

            Total U.S. Government & Agency Obligations    (cost $889,527,975)             889,527,975  


  Shares Value


MUTUAL FUND SHARES    0.0%
           
Federated Prime Value Obligation Fund    (cost $74,592)       74,592     74,592  


[4]


EVERGREEN MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005 (unaudited)
  Principal
Amount
Value


REPURCHASE AGREEMENT    0.0%
           
Societe Generale, 2.80%, dated 4/29/2005, maturing 5/2/2005; maturity value $3,182,152 (1)    
    (cost $3,181,410)     $ 3,181,410   $ 3,181,410  

Total Investments    (cost $8,900,737,747)    99.9%             8,900,737,747  
Other Assets and Liabilities    0.1%             8,633,938  

Net Assets    100.0%           $ 8,909,371,685  



144A


Security that may be sold to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended. This security has been determined to be liquid under guidelines established by the Board of Trustees.
(1) Collateralized by $3,300,000 U.S. Treasury Note, 3.00%, 2/15/2009, value including accrued interest is $3,231,920; $35,712 GNMA, 6.00%, 3/15/2033, value including accrued interest is $13,118.

Summary of Abbreviations
FHLB Federal Home Loan Bank
FHLMC Federal Home Loan Mortgage Corp.
FNMA Federal National Mortgage Association
FRN Floating Rate Note
GNMA Government National Mortgage Association
IDA Industrial Development Authority
LOC Letter of Credit
RB Revenue Bond

On April 30, 2005, the cost of investments for federal income tax purposes for the Fund was the same as for financial reporting purposes.


[5]


EVERGREEN MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS

April 30, 2005 (unaudited)
  Principal
Amount
  Value  

MUNICIPAL OBLIGATIONS   99.6%

           
AIRPORT   1.7%    
Chicago, IL O'Hare Intl. Arpt. RB, PFOTER, 3.08%, VRDN, (SPA: Merrill Lynch & Co., Inc. & Insd. by XL Capital Assurance, Inc.)     $ 675,000   $ 675,000  
Chicago, IL O'Hare Intl. Arpt. Spl. Facs. RB, Northwest Airlines, Inc. Proj.:    
    Ser. A, 3.15%, VRDN, (LOC: Citibank)       2,500,000     2,500,000  
    Ser. B, 3.15%, VRDN, (LOC: Citibank)       6,700,000     6,700,000  
Denver, CO City and Cnty. Arpt. RB, Stars Cert., Ser. 104, 3.04%, VRDN       5,590,000     5,590,000  
Hawaii Arpt. Sys. RB, 3.08%, VRDN, (Liq.: Merrill Lynch & Co., Inc. & Insd. by FGIC)       2,215,000     2,215,000  
Houston, TX Arpt. Sys. RB, Floating Rate Trust Cert., Ser. 404, 3.08%, VRDN, (Liq.: Morgan Stanley & Insd. by FGIC)       1,100,000     1,100,000  
Indianapolis, IN Local Pub. Impt. RB, PFOTER, 3.08%, VRDN, (Gtd. by Svenska Handelsbank)       4,000,000     4,000,000  
Kenton Cnty., KY Arpt. Board RB, Ser. F-2, 3.11%, VRDN, (LOC: Bank of America Corp. & Insd. by MBIA)       2,910,000     2,910,000  
Metropolitan Washington, DC Arpt. MSTR, 3.24%, VRDN, (SPA: Societe Generale)       9,705,000     9,705,000  
Miami-Dade Cnty., FL IDA Arpt. Facs. RB, Flight Safety Proj.:    
    Ser. A, 3.25%, VRDN, (Gtd. by Boeing Co.)       3,300,000     3,300,000  
    Ser. B, 3.25%, VRDN, (Gtd. by Boeing Co.)       1,200,000     1,200,000  
Philadelphia, PA Arpt. MSTR, 3.08%, VRDN, (SPA: Societe Generale & Insd. by FGIC)       3,400,000     3,400,000  

            43,295,000

COMMUNITY DEVELOPMENT DISTRICT   1.5%    
Manitowoc Cnty., WI RB, Lake Michigan Private Inds. Proj., 3.15%, VRDN, (LOC: U.S. Bancorp)       2,725,000     2,725,000  
Metropolitan Govt. Nashville & Davidson Cnty., TN RB, Commerce Street Ventures, 3.19%, VRDN, (LOC: AmSouth Bancorp)       4,085,000     4,085,000  
San Diego, CA Pub. Facs. Fin. Auth. Lease RB, PFOTER:    
    3.04%, VRDN, (Insd. by AMBAC & Liq.: Merrill Lynch & Co., Inc.)       670,000     670,000  
    3.04%, VRDN, (Insd. by MBIA & Liq.: Merrill Lynch & Co., Inc.)       26,000,000     26,000,000  
Skokie, IL EDRB, Skokie Fashion Square Proj., 3.42%, VRDN, (LOC: LaSalle Bank)       1,850,000     1,850,000  
York Cnty., ME Fin. Auth. RB, Cmnty. Action Corp. Proj., 3.07%, VRDN, (LOC: KeyCorp)       2,425,000     2,425,000  

            37,755,000

EDUCATION   5.3%    
Adams Cnty., CO MTC, Sch. Dist. 12, Ser. 9008, 3.05%, VRDN, (Liq.: Bear Stearns Cos., & Insd. by MBIA)       10,010,000     10,010,000  
Arlington, TX Independent Sch. Dist. RB, Ser. 347, 3.05%, VRDN, (Liq.: Morgan Stanley)       2,245,000     2,245,000  
Carrollton, GA Payroll Dev. Auth. RB, Oak Mountain Academy, 3.09%, VRDN, (Gtd. by Columbus B&T Co.)       1,930,000     1,930,000  
Clark Cnty., NV MTC, Sch. Dist. Bldg., Ser. D, 3.07%, VRDN, (Insd. by MBIA)       5,910,000     5,910,000  
Collier Cnty., FL IDA RB, Cmnty. Sch. of Naples Proj., 3.00%, VRDN, (LOC: Bank of America Corp.)       3,750,000     3,750,000  
Colorado Edl. and Cultural Facs. Auth. RB, Vail Mountain Sch. Proj., 3.10%, VRDN       4,000,000     4,000,000  
Franklin Cnty., TN Hlth. & Ed. Facs. Board RB, Saint Andrews Sewanee Sch. Proj., 3.04%, VRDN, (LOC: AmSouth Bancorp)       1,685,000     1,685,000  
Lancaster, PA IDA RB, Student Lodging, 3.15%, VRDN, (LOC: Fulton Financial Corp.)       3,825,000     3,825,000  
Louisiana Local Govt. Env. RB, Univ. of Louisiana at Monroe Facs., Ser. C, 3.00%, VRDN       10,000,000     10,000,000  
Louisiana Pub. Facs. Auth. RB, Tiger Athletic Foundation Proj., 3.10%, VRDN       38,000,000     38,000,000  
Lowndes Cnty., GA Dev. Auth. RB, Valwood Sch. Proj., 3.17%, VRDN, (LOC: Columbus B&T Co.)       7,145,000     7,145,000  
Nebraska Elementary & Secondary Sch. Fin. Auth. Edl. Facs. RB, Lutheran Sch. Proj., 2.98%, VRDN, (LOC: Fifth Third Bancorp)       5,300,000     5,300,000  
New Jersey Edl. Facs. Auth. RB, PFOTER, 3.01%, VRDN, (SPA: Merrill Lynch & Co., Inc.)       880,000     880,000  
Oak Ridge, TN IDRB, 3.03%, VRDN, (SPA: Allied Irish Banks plc)       3,900,000     3,900,000  
Oklahoma City, OK IDA RB, Oklahoma Christian College, 3.29%, VRDN, (LOC: Bank of America Corp.)       7,700,000     7,700,000  
Orange Cnty., FL Sch. Board COP, Ser. 2000-328, 3.05%, VRDN, (Liq.: Morgan Stanley)       2,227,500     2,227,500  
Private Colleges and Univ. Auth. GA RB, Mercer Univ. Proj., 3.12%, VRDN       12,075,000     12,075,000  
St. Joseph Cnty., IN Edl. Facs. RB, Holy Cross College Proj., 3.07%, VRDN, (LOC: KeyCorp)       6,705,000     6,705,000  
Summit Cnty., OH RB, Western Academy Reserve, 3.02%, VRDN, (LOC: KeyCorp)       5,935,000     5,935,000  
Will Cnty., IL Cmnty. Sch. Dist. RB, PFOTER, 3.11%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       240,000     240,000  

            133,462,500


[1]

EVERGREEN MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005 (unaudited)
  Principal
Amount
  Value  

MUNICIPAL OBLIGATIONS   continued

           
GENERAL OBLIGATION – LOCAL   6.1%    
ABN AMRO Munitops Cert. Trust GO:    
    3.03%, VRDN, (Insd. by FSA)     $ 8,500,000   $ 8,500,000  
    3.04%, VRDN, (SPA: ABN AMRO Bank & Insd. by MBIA)       9,495,000     9,495,000  
Chicago, IL GO, Lakefront Millenium, Ser. 322, 3.05%, VRDN, (Liq.: Morgan Stanley)       2,225,000     2,225,000  
Cook Cnty., IL GO, Ser. 559, 3.03%, VRDN, (Liq.: JPMorgan Chase & Co.)       2,000,000     2,000,000  
Crown Point, IN GO, Cmnty. Sch. Corp. Tax Anticipation Warrant, 3.25%, 12/30/2005       8,000,000     8,036,397  
De Soto, TX Independent Sch. Dist. GO, PFOTER, 3.11%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       855,000     855,000  
Delaware Valley, PA Regl. Fin. GO, PFOTER, 3.03%, VRDN, (Liq.: Merrill Lynch & Co., Inc. & Insd. by AMBAC)       1,800,000     1,800,000  
District of Columbia GO, Ser. C, 3.00%, VRDN, (Insd. by FGIC)       9,735,000     9,735,000  
Harrison Cnty., MS GO, Bond Program, 3.19%, VRDN, (Insd. by AMBAC)       38,000,000     38,000,000  
New York, NY GO, 3.06%, VRDN, (Liq.: Citigroup, Inc.)       70,000,000     70,000,000  
Philadelphia, PA Sch. Dist. GO, Ser. 345, 3.05%, VRDN, (Insd. by MBIA & Liq.: Morgan Stanley)       2,400,000     2,400,000  

            153,046,397

GENERAL OBLIGATION –- STATE   3.4%    
Florida Board of Ed. COP GO, Ser. 137, 3.03%, VRDN, (Liq.: JPMorgan Chase & Co.)       5,300,000     5,300,000  
Florida Dept. of Trans. GO ROC, 3.03%, VRDN, (Liq.: Citigroup, Inc.)       3,970,000     3,970,000  
Texas TRAN GO, 3.00%, 08/31/2005       75,000,000     75,344,950  
Washington GO, Motor Vehicle Tax, 3.07%, VRDN, (LOC: Bank of New York Co. & Insd. by FSA) 144A       2,760,000     2,760,000  

            87,374,950

HOSPITAL   14.9%    
Amarillo, TX Hlth. Facs. Corp., Panhandle Pooled Hlth. Care RB, 3.05%, VRDN, (SPA: BNP Paribas S.A.)       8,600,000     8,600,000  
Birmingham, AL Spl. Care Facs. Fin. Auth. RB:    
    Eye Foundation Hosp., Ser. A, 3.01%, VRDN, (LOC: Columbus B&T Co.)       17,835,000     17,835,000  
    Methodist Home for the Aging, 4.49%, VRDN, (LOC: Colonial BancGroup, Inc.)       6,000,000     6,000,000  
    PFOTER, 3.08%, VRDN, (SPA: National Australia Bank)       190,000     190,000  
Butler Cnty., OH Hosp. Facs. RB, PFOTER, 3.08%, VRDN, (Liq.: Merrill Lynch & Co., Inc. & Insd. by FSA)       24,000,000     24,000,000  
Clackamas Cnty., OR Hlth. Facs. Auth. RB, Ser. 689, 3.07%, VRDN, (Insd. by MBIA)       4,063,000     4,063,000  
Columbus, GA Hosp. Auth. RB, St. Francis Hosp., 3.21%, VRDN, (Gtd. by Columbus B&T Co.)       9,580,000     9,580,000  
Eustis, FL Hlth. Facs. Auth. RB, Waterman Med. Ctr. Proj., 3.00%, VRDN, (LOC: SunTrust Banks, Inc.)       1,157,000     1,157,000  
Hamilton Cnty., OH Hosp. Facs. PFOTER, 3.08%, VRDN, (LOC: Lloyds Bank)       88,840,000     88,840,000  
Highlands Cnty., FL Hlth. Facs. RB, Adventist Hlth. Sys., Ser. B, 3.00%, VRDN, (LOC: SunTrust Banks, Inc.)       2,100,000     2,100,000  
Huntsville, AL Hlth. Care Auth. Facs. RB, Ser. B, 4.65%, 06/01/2005       16,580,000     16,617,342  
Indiana Hlth. Facs. Hosp. RB, Ascension Hlth. Credit Group, 2.92%, VRDN       2,000,000     2,000,000  
Indianapolis, IN Hlth. Fac. Fin. Auth. RB, Ascension Hlth. Credit Group, 2.50%, 03/01/2006       10,000,000     9,990,345  
Kalamazoo, MI Hosp. Fin. Auth. RB, Bronson Methodist, 3.03%, VRDN, (LOC: National City Corp.)       7,800,000     7,800,000  
Kentucky EDA Hosp. RB, St. Luke's Hosp., PFOTER, 3.08%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       520,000     520,000  
Lehigh Cnty., PA Gen. Purpose Auth. RB PFOTER, 3.02%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       665,000     665,000  
Lima, OH Hosp. RB, Lima Memorial Hosp. Proj., 3.07%, VRDN, (LOC: Bank One)       1,410,000     1,410,000  
Louisiana Pub. Facs. Auth. RB:    
    Blood Ctr. Proj., 3.03%, VRDN, (LOC: Union Planters Bank)       3,860,000     3,860,000  
    Cenikor Foundation Proj., 3.06%, VRDN, (LOC: Union Planters Bank)       3,070,000     3,070,000  
Lowndes Cnty., GA Residential Care Facs. for the Elderly RB, South GA Hlth. Alliance Proj., 3.00%, VRDN, (LOC: Bank of America Corp.)       1,211,000     1,211,000  
Miami, FL Hlth. Facs. Auth. PFOTER, Mercy Hosp., 3.08%, VRDN, (LOC: WestLB AG)       8,900,000     8,900,000  
Miami-Dade Cnty., FL HFA RB, Ward Towers Assisted Living, 3.05%, VRDN, (LOC: Bank of America Corp.)       1,600,000     1,600,000  
Michigan Hosp. Fin. Auth. RB, Holland Cmnty. Hosp., Ser. B, 3.02%, VRDN       5,000,000     5,000,000  
Mobile, AL Second Med. Clinic RB, Bridge, Inc. Proj., 3.19%, VRDN, (LOC: Regions Bank)       1,265,000     1,265,000  
Montgomery Cnty., OH Hlth. Care RB, Windows Home Proj., 3.07%, VRDN, (LOC: KeyCorp)       3,455,000     3,455,000  
New Hampshire Higher Ed. & Hlth. Facs. RB, Ser. 2003-866, 3.05%, VRDN, (Liq.: Morgan Stanley)       21,000,000     21,000,000  

[2]

EVERGREEN MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005 (unaudited)
  Principal
Amount
  Value  

MUNICIPAL OBLIGATIONS   continued

           
HOSPITAL   continued    
Orange Cnty., FL Hlth. Facs. Auth. RB:    
    Adventist Hlth. Sys., Ser. 1998-171, 3.09%, VRDN, (Liq.: Morgan Stanley)     $ 43,925,000   $ 43,925,000  
    Ser. 170, 3.09%, VRDN, (Liq.: Morgan Stanley & Insd. by AMBAC)       1,300,000     1,300,000  
Rhode Island Hlth. & Ed. Bldg. Corp. MTC, Lifespan Obl.:    
    Ser. 1999-69A, Class A, 3.18%, VRDN, (Liq.: Bear Stearns Cos.)       30,300,000     30,300,000  
    Ser. 1999-69B, Class B, 3.18%, VRDN, (Liq.: Bear Stearns Cos.)       30,300,000     30,300,000  
Salt Lake City, UT Hosp. MTC, Ser. 1999-69B, 3.18%, VRDN, (Liq.: Bear Stearns Cos.)       2,885,000     2,885,000  
South Central, PA Gen. Auth. RB, York Cnty. Cerebral Palsy Proj., 3.15%, VRDN       1,745,000     1,745,000  
Steuben Cnty., NY IDA RB, Civic Facs    
    Corning Hosp. Ctr. Proj., 3.10%, VRDN       1,640,000     1,640,000  
    Guthrie Corning Dev. Proj., 3.10%, VRDN       2,700,000     2,700,000  
Victoria Cnty., TX Hosp. RB, Ser. 959, 3.03%, VRDN, (Insd. by AMBAC)       10,000,000     10,000,000  

            375,523,687

HOUSING   28.4%    
ABN AMRO Munitops Cert. Trust RB, Ser. 2002-1, 3.16%, VRDN, (Liq.: LaSalle Bank)       4,820,000     4,820,000  
Alexandria, VA Redev. & Hsg. Auth. MHRB, PFOTER, 3.08%, VRDN, (SPA: Merrill Lynch & Co., Inc.)       5,600,000     5,600,000  
Arlington Heights, IL MHRB, Dunton Tower Apts. Proj., 3.05%, VRDN, (LOC: Marshall & Ilsley Corp.)       9,870,000     9,870,000  
Atlanta, GA Urban Residential Fin. Auth. RB, Buckhead Crossing, 3.09%, VRDN, (LOC: Columbus B&T Co.)       16,000,000     16,000,000  
Bank of New York Muni. Cert. Trust, 3.15%, VRDN, (LOC: Bank of New York Co.)       31,290,500     31,290,500  
California CDA MHRB, Crystal View Apts., 3.05%, VRDN, (Liq.: FNMA)       7,075,000     7,075,000  
Chattanooga, TN Hlth., Edl. & Hsg. Facs. RB, Alexian Court Proj., 3.20%, VRDN, (LOC: First Tennessee Bank)       1,400,000     1,400,000  
Chicago, IL Hsg. Auth. Capital PFOTER, Ser. 576, 3.09%, VRDN, (Liq.: Morgan Stanley)       4,500,000     4,500,000  
Class B Revenue Bond, Cert. Trust, Ser. 2001-2, 3.69%, VRDN, (Liq.: American International Group, Inc.)       16,300,000     16,300,000  
Clipper Tax-Exempt Cert. Trust COP:    
    Ser. 1999-2, 3.19%, VRDN, (SPA: State Street Corp.)       7,125,884     7,125,884  
    Ser. 1999-3, 3.19%, VRDN, (SPA: State Street Corp. & Insd. by GNMA)       17,030,000     17,030,000  
    Ser. 2000-1, 3.11%, VRDN, (SPA: State Street Corp.)       40,000     40,000  
    Ser. 2002-9, 3.19%, VRDN, (SPA: State Street Corp. & Insd. by FNMA)       28,839,000     28,839,000  
    Ser. 2003-10, 3.19%, VRDN, (SPA: State Street Corp. & Insd. by FNMA)       4,315,952     4,315,952  
    Ser. 2003-13, 3.11%, VRDN, (SPA: State Street Corp. & Insd. by GNMA)       23,550,000     23,550,000  
Collin Cnty., TX Fin. Corp. RB, Huntington Apts. Proj., 3.11%, VRDN       6,155,000     6,155,000  
Columbus, GA MHRB, Quail Ridge Proj., 3.08%, VRDN, (LOC: Columbus B&T Co.)       4,450,000     4,450,000  
De Kalb Cnty., GA Hsg. Auth. MHRB, 3.12%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       18,000,000     18,000,000  
District of Columbia HFA COP, Tyler House Trust, Ser. 1995-A, 3.13%, VRDN, (SPA: Landesbank Hessen-Thüringen Girozentrale)       7,200,000     7,200,000  
District of Columbia HFA MHRB, Fort Lincoln Garden Proj., Ser. A, 3.15%, VRDN, (LOC: Crestar Bank)       2,870,000     2,870,000  
Escambia Cnty., FL Hsg. Fin. Agcy. RB, Macon Trust 2002, Ser. B, 2.45%, 09/29/2005, (LOC: Bank of America Corp. & Insd. by GNMA)       5,400,000     5,400,000  
FHLMC, MHRB, Ser. M001, Class A, 3.09%, VRDN, (Insd. by FHLMC)       11,886,430     11,886,430  
Greystone Tax Exempt COP, Sr. Cert. of Beneficial Ownership, 3.24%, VRDN, (LOC: Bank of America Corp.)       6,135,000     6,135,000  
Hamilton Cnty., OH MHRB:    
    Forest Ridge Apt. Proj., 3.44%, VRDN, (Liq.: American International Group, Inc.)       10,990,000     10,990,000  
    Pleasant Run Apt. Proj., 3.44%, VRDN, (Liq.: American International Group, Inc.)       4,335,000     4,335,000  
Idaho Hsg. & Fin. Assn. RB, PFOTER, 3.07%, VRDN, (Liq.: Bay Hypo-Und Vereinsbank AG & Insd. by FHA)       9,345,000     9,345,000  
Indianapolis, IN MHRB, Canal Square Proj., Ser. A, 3.06%, VRDN, (Insd. by FHLMC)       11,905,000     11,905,000  
Kansas Dev. Fin. Auth. MHRB, Trails Garden City Proj., 3.64%, VRDN, (Liq.: American International Group, Inc.)       8,245,000     8,245,000  
King Cnty., WA Hsg. Auth. RB, Auburn Courts Apts. Proj., 3.05%, VRDN, (LOC: U.S. Bancorp)       8,075,000     8,075,000  
Macon Trust Pooled Cert.:    
    Ser. 1997, 3.19%, VRDN, (LOC: Bank of America Corp. & Insd. by FSA)       4,245,000     4,245,000  
    Ser. 1998A, 3.14%, VRDN, (LOC: Bank of America Corp. & Insd. by AMBAC)       3,336,000     3,336,000  

[3]

EVERGREEN MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005 (unaudited)
  Principal
Amount
  Value  

MUNICIPAL OBLIGATIONS   continued

           
HOUSING   continued    
Macon-Bibb Cnty., GA Urban Dev. Auth. RRB, Hotel Investors Proj., 3.00%, VRDN, (LOC: SunTrust Banks, Inc.)     $ 278,000   $ 278,000  
Madison Cnty., KY Residential Mtge. RB, Ser. A, 3.25%, VRDN, (Gtd. by Bayerische Landesbank)       8,900,000     8,900,000  
Massachusetts Dev. Fin. Agcy. PFOTER, 1.70%, 07/21/2005, (Liq.: Merrill Lynch & Co., Inc.)       10,000,000     10,000,000  
Massachusetts Dev. Fin. Agcy. RB, Georgetown Vlg. Apts., Ser. A, 3.07%, VRDN, (Liq.: FNMA)       3,800,000     3,800,000  
Massachusetts IFA RB, Cmnwlth. Ave. Proj., 3.20%, VRDN, (LOC: Citizens Banking Corp.)       1,000,000     1,000,000  
Metropolitan Govt. Nashville & Davidson Cnty., TN Hsg. Facs. MHRB, Meadow Creek, 3.20%, VRDN, (LOC: First Tennessee Bank)       5,000,000     5,000,000  
Metropolitan Govt. Nashville & Davidson Cnty., TN RRB, Hickory Trace Apts. Proj., 3.11%, VRDN, (Liq.: FHLMC)       4,750,000     4,750,000  
Minneapolis, MN MHRB, Stone Arch Apts., 3.05%, VRDN, (Insd. by FHLB)       3,600,000     3,600,000  
Montgomery Cnty., MD Hsg. Opportunities MHRB, 3.12%, VRDN, (SPA: Danske Bank)       34,995,000     34,995,000  
MuniMae Trust COP, Ser. 2002-1M, 3.08%, VRDN, (SPA: Bayerische Landesbanken & Insd. by MBIA)       11,590,000     11,590,000  
Nebraska IFA MHRB:    
    Apple Creek Associates Proj., 2.02%, VRDN, (LOC: Northern Trust Co.)       4,310,000     4,310,000  
    Bridgeport Apts., 3.44%, VRDN, (Liq.: American International Group, Inc.)       8,615,000     8,615,000  
    Housing Amberwood Apts., 3.10%, VRDN, (LOC: Bank of America Corp.)       3,500,000     3,500,000  
New Mexico Hsg. Auth. RB, Lease Purchase Program, 3.05%, VRDN, (SPA: Societe Generale & Insd. by FHLMC)       9,000,000     9,000,000  
New Orleans, LA Fin. Auth. SFHRB, Floating Rate Trust Cert., Ser. 2002-857, 3.03%, VRDN, (Liq.: Morgan Stanley)       22,000,000     22,000,000  
Ogden City, UT Hsg. Auth. MHRB, Madison Manor Browning Apts. Proj., 3.07%, VRDN, (LOC: KeyCorp)       1,315,000     1,315,000  
Olathe, KS MHRB, Jefferson Place Apts. Proj., Ser. B, 3.10%, VRDN, (Insd. by FHLMC)       2,485,000     2,485,000  
Palm Beach Cnty., FL MHRB PFOTER, 3.08%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       9,200,000     9,200,000  
PFOTER:    
    Class A, 3.09%, VRDN, (Insd. by FHLMC)       17,315,000     17,315,000  
    Class B:    
        2.20%, 07/07/2005, (Liq.: Merrill Lynch & Co., Inc.)       54,400,000     54,400,000  
        2.40%, 02/02/2006, (Insd. by FHLMC)       11,540,000     11,540,000  
    Class C, 2.65%, 03/09/2006, (Liq.: Merrill Lynch & Co., Inc.)       3,870,000     3,870,000  
    Class D:    
        1.75%, 07/21/2005, (Insd. by FHLMC)       20,185,000     20,185,000  
        1.82%, 09/29/2005, (Liq.: Merrill Lynch & Co., Inc.)       24,045,000     24,045,000  
    Class F:    
        1.75%, 07/21/2005, (Insd. by FHLMC)       24,030,000     24,030,000  
        3.10%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       185,000     185,000  
    Class G, 2.65%, 03/09/2006, (Liq.: Merrill Lynch & Co., Inc.)       23,255,000     23,255,000  
    Class I, 2.65%, 03/09/2006, (Liq.: Merrill Lynch & Co., Inc.)       730,000     730,000  
Philadelphia, PA Redev. Auth. MHRB, 1.72%, 08/11/2005, (Liq.: Merrill Lynch & Co., Inc.)       8,000,000     8,000,000  
Roaring Fork Municipal Products LLC RB, Ser. 2001-14, Class A, 3.14%, VRDN       8,955,000     8,955,000  
Shelby Cnty., TN Hlth., Ed. & Hsg. Facs. Board RB, Courtyard Apts. I Proj., Ser. A, 3.10%, VRDN, (LOC: Bank of America Corp.)       5,000,000     5,000,000  
Texas Dept. of Hsg. & Cmnty. Affairs MHRB, PFOTER, 3.08%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       17,210,000     17,210,000  
Texas Dept. of Hsg. PFOTER, 3.12%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       5,490,000     5,490,000  
Washington HFA RB, PFOTER, 3.08%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       18,780,000     18,780,000  
Washington Hsg. Fin. Commission RB, Gonzaga Preparatory Sch., 3.05%, VRDN, (LOC: Bank of America Corp.)       2,500,000     2,500,000  
Washington MHRB:    
    Eaglepointe Apts., Ser. A, 3.44%, VRDN, (Liq.: American International Group, Inc.)       4,840,000     4,840,000  
    Winterhill Apts., Ser. A, 3.44%, VRDN, (Liq.: American International Group, Inc.)       6,525,000     6,525,000  
Waukesha, WI HFA RB, Park Place Apts. Proj., 3.11%, VRDN, (LOC: Marshall & Isley Bank)       5,350,000     5,350,000  
Wyoming CDA MHRB, Mountain Side Apts., 3.44%, VRDN, (Liq.: American International Group, Inc.)       7,100,000     7,100,000  

            713,971,766


[4]

EVERGREEN MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005 (unaudited)
  Principal
Amount
  Value  

MUNICIPAL OBLIGATIONS   continued

           
INDUSTRIAL DEVELOPMENT REVENUE   14.7%    
Alabama IDA RB, Automation Technology Inds., Inc., 3.44%, VRDN, (LOC: Columbus B&T Co.)     $ 2,465,000   $ 2,465,000  
Alachua Cnty., FL IDRB, Florida Rock Proj., 3.05%, VRDN, (LOC: Bank of America Corp.)       3,000,000     3,000,000  
Allegheny Cnty., PA IDA RB, United Jewish Federation Proj., Ser. A, 3.01%, VRDN, (LOC: PNC Financial Services Group, Inc.)       1,943,000     1,943,000  
Allendale Cnty., SC IDRB, King Seeley Thermos Proj., 3.05%, VRDN, (SPA: Royal Bank of Scotland)       9,250,000     9,250,000  
Belgium, WI IDRB, Trimen Inds. Proj., 3.31%, VRDN, (LOC: Associated Bank)       1,250,000     1,250,000  
Boone Cnty., KY Indl. Bldg. RB, Lyons Magnus East Proj., Ser. A, 3.07%, VRDN, (LOC: Bank of America Corp.)       1,500,000     1,500,000  
Botetourt Cnty., VA IDRB, Altec Inds. Proj., 3.15%, VRDN, (LOC: AmSouth Bancorp)       2,700,000     2,700,000  
Bristol, TN IDRB, Robinette Co. Proj., 3.26%, VRDN, (LOC: AmSouth Bancorp)       600,000     600,000  
Buncombe Cnty., NC Indl. Facs. & Pollution Ctl. Auth. RB, Rich Mount, Inc. Proj., 3.54%, VRDN, (SPA: Bank of Tokyo-Mitsubishi)       1,500,000     1,500,000  
Chesterfield Cnty., VA IDA RB, Allied Signal, Inc., 3.40%, VRDN       3,000,000     3,000,000  
Clayton Cnty., GA IDA RB, Anasteel Supply Co. Proj., 3.16%, VRDN, (LOC: Branch Banking & Trust)       3,000,000     3,000,000  
Cobb Cnty., GA IDRB, Standex Intl. Corp. Proj., 3.07%, VRDN, (LOC: Bank of America Corp.)       3,300,000     3,300,000  
Colorado EDRB, Class A, Super Vacuum Manufacturing Co. Proj., 3.18%, VRDN, (LOC: Wells Fargo & Co.)       1,925,000     1,925,000  
Colorado HFA IDRB, Worldwest LLP Proj., 3.20%, VRDN, (LOC: Firstar Bank)       2,500,000     2,500,000  
Cumberland Cnty., TN IDRB, Delbar Products, Inc. Proj., 3.13%, VRDN, (LOC: PNC Financial Services Group, Inc.)       3,950,000     3,950,000  
Dallas, TX Indl. Dev. Corp. RB, Crane Plumbing Proj., 2.30%, VRDN, (LOC: LaSalle Bank)       4,150,000     4,150,000  
Devils Lake, ND IDRB, Noodles by Leonardo, 3.35%, VRDN, (LOC: U.S. Bancorp)       7,000,000     7,000,000  
Dodge City, KS IDRB, Farmland Natl. Beef Proj., 3.23%, VRDN, (LOC: U.S. Bancorp)       1,000,000     1,000,000  
Dooly Cnty., GA IDA RB, Flint River Svcs. Proj., 3.34%, VRDN, (LOC: Columbus B&T Co.)       8,270,000     8,270,000  
Douglas Cnty., NE IDRB, James Skinner Co. Proj., 3.20%, VRDN, (LOC: U.S. Bancorp)       2,255,000     2,255,000  
Elkhart Cnty., IN EDRB:    
    Adorn, Inc. Proj., 3.15%, VRDN, (LOC: Harris Trust & Savings Bank)       2,355,000     2,355,000  
    Four Season Hsg., Inc. Proj., 3.13%, VRDN, (LOC: KeyCorp)       2,000,000     2,000,000  
Eutaw, AL IDRB, South Fresh Aquaculture Proj., 3.21%, VRDN, (LOC: AmSouth Bancorp)       5,160,000     5,160,000  
Florida Capital Trust Agcy. RB, Seminole Convention Proj., 3.39%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       695,000     695,000  
Franklin Cnty., IN EDRB, J&J Packaging Co. Proj., 3.14%, VRDN, (LOC: Fifth Third Bancorp)       1,450,000     1,450,000  
Greenwood, IN EDA RB, Hutchinson Hayes Proj., 3.18%, VRDN, (LOC: National City Corp.)       1,240,000     1,240,000  
Gwinnett Cnty., GA IDRB, Price Co., Inc. Proj., 3.16%, VRDN, (LOC: Bank of America Corp.)       1,400,000     1,400,000  
Hackleberg, AL IDRB, River Birch Homes Proj., 3.29%, VRDN, (LOC: AmSouth Bancorp)       1,030,000     1,030,000  
Haleyville, AL IDRB:    
    Briar-Garrett LLC Proj., 3.24%, VRDN, (LOC: First Commercial Bank)       1,640,000     1,640,000  
    Charming Castle LLC Proj., 3.29%, VRDN, (SPA: Canadian Imperial Bank)       673,000     673,000  
    Door Components LLC Proj., 3.29%, VRDN, (SPA: Canadian Imperial Bank)       1,845,000     1,845,000  
Hamilton, AL IDRB, Quality Hsg. Proj., 3.39%, VRDN, (SPA: Canadian Imperial Bank)       910,000     910,000  
Harris Cnty., TX Indl. Dev. Corp. IDRB, National Bedding Co. Proj., 3.26%, VRDN, (LOC: Bank of America Corp.)       2,475,000     2,475,000  
Hillsboro, TX Indl. Dev. Corp. IDRB, Lamraft LP Proj., 3.34%, VRDN, (LOC: First Commercial Bank)       1,203,000     1,203,000  
Howard Cnty., MD EDRB, Concrete Pipe & Products Proj., 3.15%, VRDN, (LOC: Crestar Bank)       1,260,000     1,260,000  
Hull, WI IDRB, Welcome Dairy, Inc. Proj., 3.26%, VRDN, (LOC: Associated Bank)       1,720,000     1,720,000  
Huntsville, AL IDRB:    
    Brown Precision, Inc. Proj., 3.29%, VRDN, (LOC: First Commercial Bank)       3,075,000     3,075,000  
    Wright-X Technologym, Inc. Proj., 3.23%, VRDN, (LOC: National City Corp.)       1,500,000     1,500,000  
Indiana Dev. Fin. Auth. IDRB, Goodwill Inds. Central Proj., 3.07%, VRDN, (LOC: Bank One)       1,970,000     1,970,000  
Iowa Fin. Auth. IDRB, Interwest Proj., 3.43%, VRDN, (SPA: Bay Hypo-Und Vereinsbank AG)       4,010,000     4,010,000  
Jackson, TN IDRB, General Cable Corp. Proj., 3.08%, VRDN, (LOC: JPMorgan Chase & Co.)       9,000,000     9,000,000  
Jasper Cnty., MO IDA RB, Leggett & Platt, Inc. Proj., 3.15%, VRDN, (LOC: JPMorgan Chase & Co.)       2,300,000     2,300,000
Juab Cnty., UT IDRB, Intermountain Farmers Assn., 3.43%, VRDN, (SPA: Bay Hypo-Und Vereinsbank AG)       2,500,000     2,500,000  

[5]

EVERGREEN MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005 (unaudited)
  Principal
Amount
  Value  

MUNICIPAL OBLIGATIONS   continued

           
INDUSTRIAL DEVELOPMENT REVENUE   continued    
Kansas City, MO Land Clearance RB, Landmark Bank Proj., 3.31%, VRDN, (LOC: U.S. Bancorp)     $ 840,000   $ 840,000  
Lancaster Cnty., NV IDRB, Lincoln Machine, Inc. Proj., 3.20%, VRDN, (LOC: U.S. Bancorp)       1,340,000     1,340,000  
Loudoun Cnty., VA IDA RB, Electronic Instrumentation, 3.05%, VRDN, (LOC: Bank of America Corp.)       1,960,000     1,960,000  
Louisiana Local Govt. Env. Facs. CDA RB, Honeywell International, Inc. Proj., 3.19%, VRDN, (Gtd. by Honeywell International, Inc.)       4,000,000     4,000,000  
Lucas Cnty., OH IDRB, High Tech Properties, Inc. Proj., 3.13%, VRDN, (LOC: National City Corp.)       2,960,000     2,960,000  
Magnolia, AR IDRB, American Fuel Cell Proj., 3.35%, VRDN, (SPA: Commerce de France)       1,755,000     1,755,000  
Mankato, MN IDRB, Katolight Proj., 3.20%, VRDN, (LOC: U.S. Bancorp)       2,150,000     2,150,000  
Maricopa Cnty., AZ IDA RB, Young Elec. Sign Co. Proj., 3.14%, VRDN, (LOC: KeyCorp)       3,000,000     3,000,000  
Massachusetts St Indl Fin Agy Flex Mode Dev Portland Cswy, 2.50%, VRDN, (LOC: Sovereign Bancorp, Inc.)       2,000,000     2,000,000  
Memphis, TN City Fin. Corp. RB, Memphis Redbirds Foundation, 3.10%, VRDN, (LOC: First Tennessee Bank)       13,525,000     13,525,000  
Miami-Dade Cnty., FL IDA RB:    
    Cigarette Racing Team Proj., 3.05%, VRDN, (LOC: Bank of America Corp.)       2,700,000     2,700,000  
    Tarmac America Proj., 3.05%, VRDN, (LOC: Bank of America Corp.)       3,000,000     3,000,000  
Michigan Jobs Dev. Auth. PCRB, Mazda Motor Manufacturing USA Corp., 5.54%, VRDN, (SPA: Sumitomo Bank, Ltd.)       6,000,000     6,000,000  
Michigan Strategic Fund, Ltd., Quantum Composites, Inc. Proj., 3.21%, VRDN, (LOC: Heller Financial, Inc.)       4,820,000     4,820,000  
Minnesota Agriculture & EDRB, Como Partnership Proj., Ser. 1996, 3.20%, VRDN, (LOC: Firstbank Corp.)       1,705,000     1,705,000  
Missouri Dev. Fin. Board IDRB, Cook Composite Co. Proj., Ser. 1994, 3.36%, VRDN, (SPA: Societe Generale)       3,510,000     3,510,000  
Mobile Cnty., AL IDRB, FGDI LLC Proj., 3.43%, VRDN, (SPA: Bay Hypo-Und Vereinsbank AG)       4,400,000     4,400,000  
Montgomery, AL Impt. Dist. RB, Taylor Ryan, Ser. A, 3.05%, VRDN, (LOC: Columbus B&T Co.)       10,465,000     10,465,000  
Moorhead, MN Solid Wst. Disposal RB, American Crystal Sugar, 3.28%, VRDN, (LOC: Wells Fargo & Co.)       5,500,000     5,500,000  
New Hampshire Business Fin. Auth. EDRB, 41 Northwestern LLC Proj., 3.20%, VRDN, (LOC: Bank of America Corp.)       2,300,000     2,300,000  
New Lisbon, WI IDRB, Leer LP Proj., 3.20%, VRDN, (LOC: U.S. Bancorp)       2,425,000     2,425,000  
Newton, WI IDRB, Stecker Machine Co., Inc. Proj., 3.10%, VRDN, (LOC: U.S. Bancorp)       2,805,000     2,805,000  
Oklahoma Dev. Fin. Auth. RB, Indl. Dev. Tracker Marine Proj., 3.05%, VRDN, (LOC: Bank of America Corp.)       2,250,000     2,250,000  
Olathe, KS IDRB, Insulite Proj., 3.24%, VRDN, (LOC: U.S. Bancorp)       2,335,000     2,335,000  
Onslow Cnty., NC Indl. Facs. PCRB, Mine Safety Appliances Co., 3.00%, VRDN, (LOC: JPMorgan Chase & Co.)       4,000,000     4,000,000  
Oregon EDRB, Beef Northwest Feeders, Inc., 3.23%, VRDN, (LOC: Bank of America Corp.)       1,715,000     1,715,000  
Osceola Vlg., WI IDRB, Johnson Family LP, 3.09%, VRDN, (LOC: U.S. Bancorp)       2,360,000     2,360,000  
Philadelphia, PA IDRB FRN, Allied Corp. Proj., 2.00%, 11/01/2005, (Gtd. by Honeywell International, Inc.)       490,000     490,000  
Pilchuck, WA Dev. Pub. Corp. IDRB, Romac Inds., Inc., Ser. 1995, 3.40%, VRDN, (LOC: Bank of California)       3,425,000     3,425,000  
Pinal Cnty., AZ IDA RB, Feenstra Investments Dairy Proj., 3.23%, VRDN, (LOC: KeyCorp)       1,250,000     1,250,000  
Pittsburg Cnty., OK EDRB, Simonton Bldg. Production Proj., 3.20%, VRDN, (LOC: PNC Financial Services Group, Inc.)       5,000,000     5,000,000  
Plymouth, WI IDRB, Wisconsin Plastics Products, 3.31%, VRDN, (LOC: Associated Bank)       1,390,000     1,390,000  
Port Bellingham, WA IDRB, BP West Coast Products LLC Proj., 2.96%, VRDN       9,750,000     9,750,000  
Portland, OR EDA RB, Broadway Proj., 3.02%, VRDN, (LOC: KeyCorp & Insd. by AMBAC)       4,500,000     4,500,000  
Richmond, VA IDA RB, Cogentrix of Richmond Proj., Ser. A, 3.08%, VRDN, (LOC: BNP Paribas S.A.)       9,500,000     9,500,000  
Rockwall, TX Indl. Dev. Corp. IDRB, Columbia Extrusion Corp., 3.20%, VRDN, (LOC: U.S. Bancorp)       1,700,000     1,700,000  
Savannah, GA EDRB, GA Kaolin, Inc. Proj., 3.05%, VRDN, (LOC: Bank of America Corp.)       2,250,000     2,250,000  
Sheboygan, WI IDRB, Alaark Manufacturing Corp. Proj., 3.31%, VRDN, (LOC: Associated Bank)       1,935,000     1,935,000  

[6]

EVERGREEN MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005 (unaudited)
  Principal
Amount
  Value  

MUNICIPAL OBLIGATIONS   continued

           
INDUSTRIAL DEVELOPMENT REVENUE   continued    
South Carolina Jobs EDA RB:    
    Compact Air Products LLC, 3.14%, VRDN, (LOC: KeyCorp)     $ 2,855,000   $ 2,855,000  
    Ortec, Inc. Proj.:    
        Ser. A, 3.10%, VRDN, (LOC: Bank of America Corp.)       400,000     400,000  
        Ser. B, 3.10%, VRDN, (LOC: Bank of America Corp.)       2,500,000     2,500,000  
    Roller Bearing Co. Proj., Ser. 1994-A, 3.21%, VRDN, (Liq.: Heller Financial, Inc.)       7,700,000     7,700,000  
South Central, PA Gen. Auth. RB, 3.05%, VRDN, (SPA: RBC Centura Bank & Insd. by AMBAC)       7,000,000     7,000,000  
South Dakota EDFA IDRB, Lomar Dev. Co. Proj., 3.20%, VRDN, (LOC: U.S. Bancorp)       2,250,000     2,250,000  
Springfield, MO IDA RB, SLH Investments LLC Proj., 3.29%, VRDN, (LOC: U.S. Bancorp)       1,570,000     1,570,000  
St. Charles Cnty., MO IDRB, Kuenz Heating & Sheet Metal, 3.33%, VRDN, (LOC: U.S. Bancorp.)       2,295,000     2,295,000  
Summit Cnty., UT IDRB, Hornes' Kimball Proj., Ser. 1985, 3.54%, VRDN, (LOC: U.S. Bancorp)       1,100,000     1,100,000  
Sweetwater Cnty., WY Env. Impt. RB, Phosphates, Ltd. Co. Proj., 3.23%, VRDN, (SPA: Rabobank Neder)       21,500,000     21,500,000  
Trumann, AR IDRB, Roach Manufacturing Corp. Proj., 2.24%, VRDN, (LOC: Regions Bank)       4,000,000     4,000,000  
Tuscaloosa Cnty., AL IDRB, NuCor Corp. Proj., 3.07%, VRDN, (Gtd. by NuCor Corp.)       6,600,000     6,600,000  
Twin Falls, ID IDRB, Longview Fibre Co. Proj., 3.05%, VRDN, (SPA: Sumitomo Bank, Ltd.)       4,500,000     4,500,000  
Union Cnty., AR Indl. Board PCRB, Great Lakes, Inc. Proj., 3.75%, VRDN, (Gtd. by GII, Inc.)       9,000,000     9,000,000  
Vanderburgh Cnty., IN EDRB, Pyrotek, Inc. Proj., 3.14%, VRDN, (LOC: KeyCorp)       2,555,000     2,555,000  
Wabash, IN EDRB, Martin Yale Inds. Proj., 3.15%, VRDN, (LOC: Bank One)       2,700,000     2,700,000  
Washington EDFA RB, Smith Brothers Farms, Inc. Proj., 3.23%, VRDN, (LOC: Bank of America Corp.)       3,300,000     3,300,000  
Washtenaw Cnty., MI Econ. Dev. Corp. IDRB, David & Lisa Frame LLC, 3.14%, VRDN, (LOC: KeyCorp)       1,465,000     1,465,000  
West Baton Rouge, LA IDRB, Dow Chemical Co. Proj., Ser. 1995, 3.09%, VRDN, (Gtd. by Dow Chemical Co.)       20,300,000     20,300,000  
West Virginia EDA IDRB, Coastal Lumber Products Proj.:    
    Ser. A, 3.25%, VRDN, (LOC: Crestar Bank)       2,070,000     2,070,000  
    Ser. B, 3.25%, VRDN, (LOC: Crestar Bank)       1,390,000     1,390,000  
Wilson Cnty., TN IDRB, Knight Leasing Co. Proj., 3.26%, VRDN, (LOC: AmSouth Bancorp)       8,000,000     8,000,000  
Yakima Cnty., WA Pub. Corp. RB, Macro Plastics, Inc. Proj., 3.30%, VRDN, (LOC: Bank of the West)       4,180,000     4,180,000  

            372,209,000

LEASE   1.3%    
ABN AMRO Chicago Corp. Leasetops Master Trust, Ser. 1997-1, 3.29%, VRDN, (LOC: LaSalle Bank)       2,817,214     2,817,214  
Goat Hill, WA Properties Lease RB ROC, 3.03%, VRDN, (Insd. by MBIA)       1,340,000     1,340,000  
Greystone, DE Muni. Lease COP, Ser. A, 3.16%, VRDN, (LOC: Fifth Third Bancorp)       285,000     285,000  
Koch Floating Rate Trust Cert., Ser. 2000-1, 3.19%, VRDN, (LOC: State Street Corp.)       17,595,723     17,595,723  
MBIA Capital Corp. Grantor Trust Lease PFOTER, 3.09%, VRDN, (SPA: Landesbank Hessen-Thüringen Girozentrale)       4,260,000     4,260,000  
Pitney Bowes Credit Corp. Leasetops RB:    
    Ser. 1999-2, 3.19%, VRDN, (Gtd. by Pitney Bowes Credit Corp. & Insd. by AMBAC)       3,573,835     3,573,835  
    Ser. 2002-1, 3.19%, VRDN, (Gtd. by Pitney Bowes Credit Corp. & Insd. by AMBAC)       3,532,589     3,532,589  

            33,404,361

MANUFACTURING   1.9%    
Butler, WI IDRB, Western States Envelope Co. Proj., 3.07%, VRDN, (LOC: Marshall & Ilsley Corp.)       1,585,000     1,585,000  
California EDA RB, Killion Inds. Proj., 3.30%, VRDN, (LOC: Union Bank of California)       2,820,000     2,820,000  
De Soto, TX IDA RRB, Caterpillar, Inc. Proj., 3.03%, VRDN       7,050,000     7,050,000  
Demopolis, AL IDRB, Delaware Mesa Farms Proj., 3.10%, VRDN, (LOC: Wells Fargo & Co.)       6,000,000     6,000,000  
Illinois Dev. Fin. Auth. PCRB, 3.00%, VRDN, (LOC: Rabebank)       6,300,000     6,300,000  
Mount Jackson, VA IDA RB, Bowman Apple Products Proj., 3.05%, VRDN, (LOC: SunTrust Banks, Inc.)       4,050,000     4,050,000  
Peoria Cnty., IL Sewage Facs. RB, Caterpillar, Inc. Proj., 3.11%, VRDN       4,300,000     4,300,000  
Pinellas Cnty., FL IDA RB, Sure-Feed Engineering, Inc. Proj., 3.10%, VRDN, (LOC: Bank of America Corp.)       2,500,000     2,500,000  
San Marcos, TX Indl. Dev. Corp. RB, Butler Manufacturing Co. Proj., 3.14%, VRDN, (LOC: Bank of America Corp.)       6,250,000     6,250,000  
Stephans Cnty., GA IDRB, Caterpillar, Inc. Proj., 3.19%, VRDN       1,000,000     1,000,000  
Sylacauga, AL IDRB, Harrells Fertilizer, Inc., 3.10%, VRDN, (LOC: Bank of America Corp.)       3,200,000     3,200,000  
Wisconsin Hsg. & EDRRB, Zero Zone, Inc. Proj., 3.05%, VRDN, (LOC: U.S. Bancorp)       3,420,000     3,420,000  

            48,475,000


[7]

EVERGREEN MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005 (unaudited)
  Principal
Amount
  Value  

MUNICIPAL OBLIGATIONS   continued

           
MISCELLANEOUS REVENUE   6.4%    
Clipper Tax Exempt Trust COP, Ser. 1999-9, 3.11%, VRDN, (LOC: State Street Corp.)     $ 7,565,000   $ 7,565,000  
Las Vegas, NV EDA RB, Andre Agassi Foundation, 2.99%, VRDN, (SPA: Allied Irish Banks plc)       9,485,000     9,485,000  
Lawrence Cnty., PA IDA RB, Villa Maria Proj., Ser. A, 3.02%, VRDN, (SPA: Allied Irish Banks plc)       5,401,000     5,401,000  
Massachusetts Indl. Fin. Auth. IDRB, Portland Causeway Realty Trust Co., Ser. 1988, 2.25%, VRDN, (LOC: Citibank)       700,000     700,000  
Michigan Strategic Fund CP, Dow Chemical Co., Ser. 2003A-1, 2.40%, 05/02/2005       6,000,000     6,000,000  
Municipal Securities Pool Trust Receipts, 3.14%, VRDN, (SPA: Societe Generale & Insd. by MBIA)       98,740,000     98,740,000  
New Jersey COP PFOTER, 3.01%, VRDN, (SPA: Merrill Lynch & Co., Inc. & Insd. by AMBAC)       455,000     455,000  
Port Corpus Christi, TX Solid Wst. Disp. RB, Flint Hills Resources, Ser. A:    
    3.30%, VRDN, (Gtd. by Flint Resources)       9,000,000     9,000,000  
    3.35%, VRDN, (Gtd. by Flint Resources)       25,000,000     25,000,000  

            162,346,000

PORT AUTHORITY   0.6%    
ABN AMRO Munitops Cert. Trust RB, 3.10%, VRDN, (Insd. by FSA)       7,325,000     7,325,000  
Mississippi Dev. Bank Spl. Obl. RB, Harrison Cnty. Pub. Impt., 3.19%, VRDN, (LOC: AmSouth Bancorp & Insd. by AMBAC)       7,170,000     7,170,000  

            14,495,000

RESOURCE RECOVERY   1.6%    
Montana Board Resource Recovery RB, Colstrip Energy LP Proj., 2.45%, 02/23/2006       7,000,000     7,000,000  
Portage, IN EDRB, American Iron Oxide, Ser. B 3.28%, VRDN, (LOC: Bank One)       11,000,000     11,000,000  
Spencer Cnty., IN PCRB, American Iron Oxide Co. Proj., 3.38%, VRDN, (SPA: Bank of Tokyo-Mitsubishi, Ltd.)       5,000,000     5,000,000  
Traill Cnty., ND Solid Wst. Disposal RB, American Crystal Sugar:    
    Ser. A, 3.28%, VRDN, (LOC: Norwest Bank)       16,000,000     16,000,000  
    Ser. B, 3.28%, VRDN, (LOC: Wells Fargo & Co.)       1,000,000     1,000,000  
    Ser. C, 3.28%, VRDN, (LOC: Wells Fargo & Co.)       1,000,000     1,000,000  

            41,000,000

SOLID WASTE   0.2%    
New Hampshire Business Fin. Auth. Solid Wst. Disposal RB, Waste Management, Inc. Proj., 2.90%, 06/01/2005, (LOC: Bank of America Corp.)       5,000,000     5,000,000  

SPECIAL TAX   2.3%    
California Economic Recovery RB, Ser. C-8, 2.85%, VRDN, (LOC: Lloyds TSB Bank plc)       1,000,000     1,000,000  
California Economic Recovery ROC, 1.70%, 05/12/2005, (LOC: Citibank)       6,370,000     6,370,000  
Carmel Clay Ind. Sch. TAN, 3.25%, 12/30/2005, (LOC: Zions Bancorp)       7,700,000     7,747,418  
Chicago, IL Tax Increment RRB:    
    Ser. A, 3.12%, VRDN       9,170,000     9,170,000  
    Ser. B, 3.12%, VRDN       11,100,000     11,100,000  
Jefferson Cnty., AL Ltd. Obl. Sch. Warrant RB, Ser. B, 3.04%, VRDN, (Insd. by AMBAC)       21,800,000     21,800,000  

            57,187,418

TOBACCO REVENUE   1.6%    
Badger Tobacco Asset Security Corp. PFOTER:    
    3.09%, VRDN, (LOC: Lloyds TSB Bank plc)       4,785,000     4,785,000  
    3.13%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       4,480,000     4,480,000  
New Jersey Tobacco Settlement Fin. Corp. PFOTER, 3.08%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       30,000,000     30,000,000  

            39,265,000


[8]

EVERGREEN MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005 (unaudited)
  Principal
Amount
  Value  

MUNICIPAL OBLIGATIONS   continued

           
TRANSPORTATION   1.9%    
Central Puget Sound, WA Regl. Transit Auth. PFOTER, Ser. 360, 3.05%, VRDN, (Liq.: Morgan Stanley & Insd. by FGIC)     $ 910,000   $ 910,000  
Central Puget Sound, WA Regl. Transit Auth. RB ROC, 3.03%, VRDN, (Insd. by AMBAC)       18,625,000     18,625,000  
E 470 Pub. Highway, CO PFOTER, 3.11%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       5,425,000     5,425,000  
Metropolitan Trans. Auth. NY RB:    
    Class A, 3.02%, VRDN, (LOC: Citibank)       6,015,000     6,015,000  
    PFOTER, 3.02%, VRDN, (Liq.: Merrill Lynch & Co., Inc. & Insd. by FGIC)       1,400,000     1,400,000  
New Mexico Finl. Auth. Trans. RB, Ser. 435, 3.03%, VRDN, (Liq.: JPMorgan Chase & Co. & Insd. by MBIA)       15,460,000     15,460,000  

            47,835,000

UTILITY   3.5%    
Austin, TX Combined Util. Sys., Ser. A, 2.55%, 05/31/2005       19,877,000     19,877,000  
Carlton, WI PCRB, Wisconsin Pwr. & Light Proj., 3.16%, VRDN, (Gtd. by Wisconsin Pwr. & Light)       5,600,000     5,600,000  
Carroll Cnty., KY Solid Wst. Disposal Facs. RB, Kentucky Utility Co. Proj., 3.07%, VRDN, (Gtd. by Kentucky Utility Co.)       8,700,000     8,700,000  
Delaware EDA RB, Delmarva Pwr. & Light Co. Proj., 3.20%, VRDN, (Gtd. by Delmarva Pwr. & Light Co.)       11,300,000     11,300,000  
Delaware EDA RB, Delmarva Pwr. & Light Co. Proj., Ser. 1993C, 3.20%, VRDN, (Gtd. by Delmavra Pwr. & Light Co.)       850,000     850,000  
Lakeland, FL Energy Auth. RB, Ser. A, 3.03%, VRDN, (LOC: Toronto Dominion)       2,300,000     2,300,000  
Port Arthur, TX Navigation Dist. Env. Facs. RB, Fina Oil & Chemical Co. Proj., 3.05%, VRDN, (Gtd. by Motiva Enterprises LLC)       10,635,000     10,635,000  
Reedy Creek, FL Impt. Dist. Util. RB, Ser. 986, 3.03%, VRDN, (Liq.: Morgan Stanley)       5,700,000     5,700,000  
Sweetwater Cnty., WY PCRRB, Idaho Pwr. Co. Proj., Ser. B, 3.03%, VRDN, (Gtd. by Idaho Pwr. Co.)       24,200,000     24,200,000  

            89,162,000

WATER & SEWER   2.3%    
ABN AMRO Munitops Cert. Trust RB, 3.04%, VRDN, (Insd. by FSA)       9,995,000     9,995,000  
Colorado River, TX Muni. Wtr. Dist. RB, Republic Wst. Svcs., Inc. Proj., 3.10%, VRDN, (LOC: Bank of America Corp.)       4,000,000     4,000,000  
Dallas, TX Wtrworks. & Swr. Sys., Ser. B:    
    2.30%, 05/05/2005, (LOC: Bank of America Corp.)       12,947,000     12,947,000  
    2.43%, 05/05/2005, (LOC: Bank of America Corp.)       10,202,000     10,202,000  
Gulf Coast, TX Wst. Disp. Auth. RB, Republic Wst. Svcs., Inc. Proj., 3.10%, VRDN, (LOC: Bank of America Corp.)       3,500,000     3,500,000  
Metropolitan Superior, CO Wtr. Dist. 1 RB, 3.04%, VRDN, (SPA: BNP Paribas S.A.)       2,000,000     2,000,000  
New York, NY IDA RB, USA Wst. Svcs. NYC Proj., 3.03%, VRDN, (LOC: JPMorgan Chase & Co.)       7,000,000     7,000,000  
Niceville, FL Wtr. & Swr. RB, Ser. B, 3.01%, VRDN, (LOC: Columbus B&T Co. & Insd. by AMBAC)       1,495,000     1,495,000  
Olcese, CA Wtr. Dist., Rio Bravo Wtr. Delivery Proj., Ser. A, 2.70%, 05/17/2005, (SPA: Sumitomo MIT Bank Corp.)       1,200,000     1,200,000  
Phoenix, AZ Civic Impt. Wtr. Sys., Ser. 2003, 2.40%, 05/10/2005       7,000,000     7,000,000  

            59,339,000

Total Investments   (cost $2,514,147,079)   99.6%             2,514,147,079  
Other Assets and Liabilities   0.4%             9,323,409  

Net Assets   100.0%           $ 2,523,470,488  


144A Security that may be sold to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended. This security has been determined to be liquid under guidelines established by the Board of Trustees.
VRDN Variable Rate Demand Note security which is payable on demand within seven calendar days after notice is given by the Fund to the issuer or other parties not affiliated with the issuer.   Interest rates are determined and reset by the issuer daily, weekly, or monthly depending upon the terms of the security. Interest rates presented for these securities are those in effect at April 30, 2005.

[9]

EVERGREEN MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005 (unaudited)

Summary of Abbreviations
AMBAC American Municipal Bond Assurance Corp.
CDA Community Development Authority
COP Certificates of Participation
EDA Economic Development Authority
EDFA Economic Development Finance Authority
EDRB Economic Development Revenue Bond
EDRRB Economic Development Refunding Revenue Bond
FGIC Financial Guaranty Insurance Co.
FHA Federal Housing Authority
FHLB Federal Home Loan Bank.
FHLMC Federal Home Loan Mortgage Corp.
FNMA Federal National Mortgage Association
FRN Floating Rate Note
FSA Financial Security Assurance, Inc.
GNMA Government National Mortgage Association
GO General Obligation
HFA Housing Finance Authority
IDA Industrial Development Authority
IDRB Industrial Development Revenue Bond
IFA Industrial Finance Agency
LOC Letter of Credit
MBIA Municipal Bond Investors Assurance Corp.
MHRB Multifamily Housing Revenue Bond
MSTR Municipal Securities Trust Receipt
MTC Municipal Trust Certificates
PCRB Pollution Control Revenue Bond
PCRRB Pollution Control Refunding Revenue Bond
PFOTER Putable Floating Option Tax Exempt Receipts
RB Revenue Bond
ROC Reset Option Certificate
RRB Refunding Revenue Bond
SFHRB Single Family Housing Revenue Bond
SPA Securities Purchase Agreement
TAN Tax Anticipation Note
TRAN Tax Revenue Anticipation Note

Certain obligations held in the portfolio have credit enhancements or liquidity features that may, under certain circumstances, provide for repayment of principal and interest on the obligation upon demand date, interest rate reset date or final maturity. These enhancements include: letters of credit; liquidity guarantees; security purchase agreements; tender option purchase agreements; and third party insurance (i.e. AMBAC, FGIC and MBIA). Adjustable rate bonds and variable rate demand notes held in the portfolio may be considered derivative securities within the standards imposed by the Securities and Exchange Commission under Rule 2a-7 which were designed to minimize both credit and market risk.

At April 30, 2005, the Fund had the following open credit default swap contracts outstanding:

Expiration
Counterparty
Reference Debt
Obligation

Notional
Amount

Annual Rate of
Fixed Payments
Made by the Fund

Payment
Frequency

06/01/2005 Bank of America Corp. New Hampshire Business
Fin. Auth. Solid Wst. Disposal RB,
Waste Management, Inc. Proj.
$5,000,000 0.46% Quarterly

On April 30, 2005, the cost of investments for federal income tax purposes for the Fund was the same as for financial reporting purposes.


[10]

EVERGREEN MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005 (unaudited)

The following table shows the percent of total investments by geographic location as of April 30, 2005:

Texas 8.4%   New Mexico 1.0%
Ohio 5.6%   North Dakota 1.0%
New York 5.0%   Kentucky 0.9%
Florida 4.8%   South Carolina 0.9%
Alabama 4.5%   Massachusetts 0.7%
Delaware 4.1%   Arkansas 0.6%
Louisiana 4.0%   Idaho 0.6%
Georgia 3.9%   Nevada 0.6%
Indiana 3.2%   Oklahoma 0.6%
Washington 2.5%   Kansas 0.5%
Illinois 2.4%   Minnesota 0.5%
Tennessee 2.4%   Puerto Rico 0.5%
Wyoming 2.1%   Missouri 0.4%
California 1.8%   Oregon 0.4%
Mississippi 1.8%   Montana 0.3%
Wisconsin 1.7%   Utah 0.3%
Pennsylvania 1.5%   Arizona 0.2%
Maryland 1.4%   Iowa 0.2%
New Jersey 1.3%   North Carolina 0.2%
Colorado 1.2%   Hawaii 0.1%
District of Columbia 1.2%   Maine 0.1%
New Hampshire 1.1%   South Dakota 0.1%
Virginia 1.1%   West Virginia 0.1%
Michigan 1.0%   Non-state specific   20.2%
Nebraska 1.0%     100.0%

[11]


EVERGREEN NEW JERSEY MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS

April 30, 2005  (unaudited)
  Principal
Amount
Value


MUNICIPAL OBLIGATIONS  99.5%
           

CONTINUING CARE RETIREMENT COMMUNITY  1.5%
   
New Jersey Hlth. Care Facs. Fin. Auth. RB, Wiley Mission Proj., 2.99%, VRDN,    
    (LOC: Commerce Bancorp, Inc.)     $ 2,770,000   $ 2,770,000  


EDUCATION  8.5%
   
California CDA RB, Biola Univ., Ser. B, 3.02%, VRDN, (SPA: BNP Paribas S.A.)       1,980,000     1,980,000  
New Jersey Edl. Facs. Auth. RB:    
    Princeton Proj., 3.01%, VRDN, (Gtd. by Societe Generale)       1,800,000     1,800,000  
    Ser. 981, 3.02%, VRDN, (Liq.: Morgan Stanley)       9,051,500     9,051,500  
New Jersey Edl. Facs. Auth. ROC, 3.02%, VRDN, (Liq.: Citigroup, Inc.)       2,480,000     2,480,000  

        15,311,500


GENERAL OBLIGATION - STATE  3.4%
   
New Jersey GO, Ser. 1995-D, 2.97%, VRDN, (LOC: Chase Manhattan Bank)       6,130,000     6,130,000  


HOSPITAL  9.6%
   
Camden Cnty., NJ Impt. Auth. Hlth. Care Redev. RB, The Cooper Hlth. Sys. Proj.,    
    Ser. B, 3.10%, VRDN, (LOC: Commerce Bancorp, Inc.)       3,000,000     3,000,000  
New Jersey Hlth. Care Facs. Fin. Auth. RB:    
    PFOTER, 3.01%, VRDN, (SPA: Svenska Handelsbank & Insd. by AMBAC)       7,120,000     7,120,000  
    Ser. A-2, 2.99%, VRDN, (LOC: Commerce Bancorp, Inc.)       6,500,000     6,500,000  
New Jersey Hlth. Care Facs. RB, PFOTER, 3.04%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       700,000     700,000  

        17,320,000


HOUSING  9.1%
   
Class B Revenue Bond Cert. Trust, Ser. 2001-1, 3.44%, VRDN, (Liq.: American    
    International Group, Inc.)       2,600,000     2,600,000  
New Jersey Hsg. & Mtge. Fin. Agcy. PFOTER RB:    
    3.02%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       3,300,000     3,300,000  
    3.08%, VRDN, (LOC: Landesbank Hessen & Insd. by MBIA)       3,060,000     3,060,000  
Newark, NJ Hsg. Auth. MHRB, 3.12%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       2,920,000     2,920,000  
PFOTER, 2.65%, 03/09/2006, (Liq.: Merrill Lynch & Co., Inc.)       1,935,000     1,935,000  
San Mateo Cnty., CA Hsg. Auth. MHRB, Pacific Oaks Apt. Proj., Ser. A, 3.08%,    
    VRDN, (LOC: Wells Fargo & Co.)       2,600,000     2,600,000  

        16,415,000


INDUSTRIAL DEVELOPMENT REVENUE  15.6%
   
Colorado Agriculture EDRB, Rocky Mountain Milling LLC Proj., 3.23%, VRDN,    
    (LOC: SunTrust Banks, Inc.)       3,000,000     3,000,000  
Colorado Hsg. & Fin. Auth. RB High Desert Properties, Ser. A, 3.20%, VRDN,    
    (LOC: California Bank & Trust)       2,740,000     2,740,000  
Frankfort, IN EDRB, Gen. Seating of America Proj., 4.20%, VRDN, (LOC: Dai-Ichi    
    Kangyo Bank, Ltd.)       1,355,000     1,355,000  
Hatfield Township, PA IDA Exempt Facs. RB, Hatfield Quality Meats Proj., 3.05%,    
    VRDN, (LOC: Bank of America Corp.)       680,000     680,000  
Logan City, UT IDRB, Scientific Tech, Inc., 3.30%, VRDN, (LOC: Bank of the West)       1,900,000     1,900,000  
New Jersey EDA RB:    
    East Meadow Corp. Proj., Ser. 1986-B, 4.55%, VRDN, (Gtd. by UFJ Bank, Ltd.)       3,545,000     3,545,000  
    El Dorado Terminals Proj., Ser. B, 2.84%, VRDN, (LOC: SunTrust Banks, Inc.)       3,250,000     3,250,000  
    Hoben Investors Proj., 3.14%, VRDN, (LOC: Valley National Bancorp, Inc.)       1,720,000     1,720,000  
    Port Newark Container LLC, 3.02%, VRDN, (Gtd. by Citigroup, Inc.)       7,900,000     7,900,000  
Plymouth, MN IDRB, NuAire, Inc. Proj., Ser. A, 3.25%, VRDN, (LOC: Wells Fargo & Co.)       1,880,000     1,880,000  

        27,970,000


[1]


EVERGREEN NEW JERSEY MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005  (unaudited)
  Principal
Amount
Value


MUNICIPAL OBLIGATIONS  continued
           

MISCELLANEOUS REVENUE  8.8%
   
Gloucester Cnty., NJ RRB, Pollution Ctl. Exxon Mobil Corp. Proj., 2.77%, VRDN,    
    (Gtd. by Exxon Mobil Corp.)     $ 500,000   $ 500,000  
McIntosh, AL RRB, Ciba Specialty Proj., Ser. D, 2.86%, VRDN, (LOC: Bank of New York Co.)       1,500,000     1,500,000  
New Jersey EDA RB, Bayonne Impt. Proj.:    
    Ser. A, 2.84%, VRDN, (LOC: SunTrust Banks, Inc.)       1,800,000     1,800,000  
    Ser. C, 2.84%, VRDN, (LOC: SunTrust Banks, Inc.)       380,000     380,000  
New Jersey Env. Infrastructure MSTR, 2.97%, VRDN, (Liq.: JPMorgan Chase & Co.)       8,135,000     8,135,000  
Pennsylvania EDFA Wstwtr. Treatment RRB, Sunoco, Inc. Proj., 3.19%, VRDN, (Gtd. by Sunoco, Inc.)       2,000,000     2,000,000  
West Baton Rouge, LA IDRB, Dow Chemical Co. Proj.:    
    Ser. 1995, 3.09%, VRDN, (Gtd. by Dow Chemical Co.)       300,000     300,000  
    Ser. A, 3.09%, VRDN, (Gtd. by Dow Chemical Co.)       1,150,000     1,150,000  

        15,765,000


RESOURCE RECOVERY  0.9%
   
Washington Cnty., PA IDRB, Solid Wst. Disposal, American Iron Oxide Co. Proj.,    
    3.48%, VRDN, (Liq.: Bank of Tokyo)       1,600,000     1,600,000  


SPECIAL TAX  21.6%
   
Camden, NJ BAN:    
    3.50%, 11/29/2005       5,000,000     5,028,752  
    Ser. B, 3.25%, 09/08/2005       11,475,000     11,532,747  
Denver, CO Urban Renewal Auth. Tax Increment RRB, Ser. A, 3.30%, VRDN, (LOC: Zions Bancorp)       3,200,000     3,200,000  
New Jersey EDA RB:    
    3.01%, VRDN, (Insd. by MBIA)       6,080,000     6,080,000  
    3.02%, VRDN, (Insd. by MBIA)       10,000,000     10,000,000  
    PFOTER, 3.02%, VRDN, (Liq.: Radian Group, Inc.)       2,945,000     2,945,000  

        38,786,499


TOBACCO REVENUE  6.0%
   
Tobacco Settlement Fin. Corp. of NJ, PFOTER:    
    3.06%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       6,250,000     6,250,000  
    3.09%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       4,600,000     4,600,000  

        10,850,000


TRANSPORTATION  13.2%
   
New Jersey Trans. Auth. RB:    
    3.02%, VRDN, (Insd. by FGIC)       8,780,000     8,780,000  
    PFOTER, 3.02%, VRDN, (Liq.: Merrill Lynch & Co., Inc. & Insd. by AMBAC)       2,185,000     2,185,000  
New Jersey Trans. Fund Auth. RB MTC, Ser. 2001-1, 3.49%, VRDN, (Liq.: Commerzbank AG)       12,745,000     12,745,000  

        23,710,000


UTILITY  1.3%
   
Carlton, WI PCRB, Wisconsin Pwr. & Light Proj., 3.16%, VRDN, (Gtd. by Wisconsin Pwr. & Light)       1,200,000     1,200,000  
Delaware EDA RB, Delmarva Pwr. & Light Co. Proj., 3.20%, VRDN, (Gtd. by Delmavra Pwr. &    
    Light Co.)       1,100,000     1,100,000  

        2,300,000

Total Investments  (cost $178,927,999)  99.5%       178,927,999  
Other Assets and Liabilities  0.5%       918,949  

Net Assets  100.0%     $ 179,846,948  



VRDN


 Variable Rate Demand Note security which is payable on demand within seven calendar days after notice is given by the Fund to the issuer or other parties not affiliated with the issuer. Interest rates are determined and reset by the issuer daily, weekly, or monthly depending upon the terms of the security. Interest rates presented for these securities are those in effect at April 30, 2005.


[2]


EVERGREEN NEW JERSEY MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005  (unaudited)


Summary of Abbreviations
AMBAC American Municipal Bond Assurance Corp.
BAN Bond Anticipation Note
CDA Community Development Authority
EDA Economic Development Authority
EDFA Economic Development Finance Authority
EDRB Economic Development Revenue Bond
FGIC Financial Guaranty Insurance Co.
GO General Obligation
IDA Industrial Development Authority
IDRB Industrial Development Revenue Bond
LOC Letter of Credit
MBIA Municipal Bond Investors Assurance Corp.
MHRB Multifamily Housing Revenue Bond
MSTR Municipal Securities Trust Receipt
MTC Municipal Trust Certificates
PCRB Pollution Control Revenue Bond
PFOTER Putable Floating Option Tax Exempt Receipts
RB Revenue Bond
ROC Reset Option Certificate
RRB Refunding Revenue Bond
SPA Securities Purchase Agreement

Certain obligations held in the portfolio have credit enhancements or liquidity features that may, under certain circumstances, provide for repayment of principal and interest on the obligation upon demand date, interest rate reset date or final maturity. These enhancements include: letters of credit; liquidity guarantees; security purchase agreements; tender option purchase agreements, and third party insurance (i.e. AMBAC, FGIC, and MBIA). Adjustable rate bonds and variable rate demand notes held in the portfolio may be considered derivative securities within the standards imposed by the Securities and Exchange Commission under Rule 2a-7 which were designed to minimize both credit and market risk.

On April 30, 2005, the cost of investments for federal income tax purposes for the Fund was the same as for financial reporting purposes.

The following table shows the percent of total investments by geographic location as of April 30, 2005:

New Jersey 81.7%
Colorado 5.0%
California 4.0%
Pennsylvania 2.4%
Utah 1.1%
Minnesota 1.0%
Alabama 0.8%
Indiana 0.8%
Louisiana 0.8%
Wisconsin 0.7%
Delaware 0.6%
Non-state specific 1.1%

  100.0%


[3]


EVERGREEN NEW YORK MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS

April 30, 2005  (unaudited)
  Principal
Amount
Value


MUNICIPAL OBLIGATIONS  99.7%
           

COMMUNITY DEVELOPMENT DISTRICT  0.7%
   
Seneca Cnty., NY IDA RB, Kids Peace Natl. Centers Proj., 3.07%, VRDN, (LOC: Key Bank)     $ 2,125,000   $ 2,125,000  


EDUCATION  0.7%
   
Foothill-De Anza, CA Cmnty. College Dist. ROC, 3.11%, VRDN, (Liq.: Citibank, N.A.)       2,170,000     2,170,000  


GENERAL OBLIGATION - LOCAL  12.2%
   
New York, NY GO:    
    3.05%, VRDN, (Liq.: Dexia Credit Local)       2,470,000     2,470,000  
    3.05%, VRDN, (SPA: Merrill Lynch & Co., Inc.)       4,195,000     4,195,000  
    PFOTER:    
        Ser. 601, 3.02%, VRDN, (Liq.: JPMorgan Chase & Co.)       5,290,000     5,290,000  
        Ser. 603, 3.02%, VRDN, (Liq.: JPMorgan Chase & Co.)       5,235,000     5,235,000  
        Ser. 992, 3.01%, VRDN, (Liq.: JPMorgan Chase & Co.)       3,328,500     3,328,500  
    Subser. A-5, 2.97%, VRDN, (LOC: HSBC Bank)       9,050,000     9,050,000  
Roosevelt, NY, Union Free Sch. Dist. GO, 2.75%, 07/07/2005       10,000,000     10,002,623  

        39,571,123


GENERAL OBLIGATION - STATE  0.9%
   
New York GO, Ser. 356, 3.02%, VRDN, (Liq.: XL Capital Assurance & JPMorgan Chase & Co.)       3,000,000     3,000,000  


HOSPITAL  4.0%
   
Herkimer Cnty., NY Indl. Dev. Agcy. Civic RB, Templeton Foundation Proj., 3.07%, VRDN,    
    (LOC: Key Bank)       780,000     780,000  
Lancaster Township, NY IDA RB, Greenfield Manor Proj., 2.99%, VRDN, (LOC: M&T Bank)       4,575,000     4,575,000  
New York Dorm. Auth. RB, Mental Hlth. Svcs. Facs., Ser. 340, 3.05%, VRDN, (Liq.: Morgan Stanley    
    Dean Witter & Insd. by MBIA)       3,982,500     3,982,500  
Otsego Cnty., NY Indl. Dev. Agcy. RB, Templeton Foundation Proj., Ser. A, 3.07%, VRDN,    
    (LOC: Key Bank)       3,615,000     3,615,000  

        12,952,500


HOUSING  33.5%
   
Albany, NY Hsg. Auth. Private Acct. RB, Historic Bleecker Terrace, 2.53%, VRDN, (LOC: Key Bank)       768,500     768,500  
Battery Park City Auth. NY, Pod 3 Hsg. RB, Marina Towers Tender Corp., Ser. B, 3.10%, VRDN,    
    (LOC: Sumitomo Bank)       7,215,000     7,215,000  
Class B Revenue Bond Cert. Trust, Ser. 2001-1, 3.44%, VRDN, (Liq.: American Intl. Group)       6,700,000     6,700,000  
MMA Financial LLC MHRB, Ser. A, Class A, 3.10%, VRDN, (Liq.: SunTrust Banks)       7,200,000     7,200,000  
Nassau Cnty., NY Indl. Dev. Agcy. PFOTER, 3.09%, VRDN, (SPA: Merrill Lynch & Co., Inc.)       32,500,000     32,500,000  
New York, NY Hsg. Dev. Corp. MHRB:    
    1st Ave. Dev., Ser. A, 3.00%, VRDN, (Liq.: FNMA)       2,455,000     2,455,000  
    Connecticut Landing Avenue Apts., Ser. A, 3.02%, VRDN, (LOC: Key Bank)       7,000,000     7,000,000  
    Louis Boulevard Apts., Ser. A, 3.02%, VRDN, (LOC: Key Bank)       5,000,000     5,000,000  
    West 55th St. Proj., 3.20%, VRDN, (LOC: Bayerische Hypotheken)       5,000,000     5,000,000  
    West 61st St. Apts., Ser. A, 3.02%, VRDN, (LOC: HSBC Bank)       10,000,000     10,000,000  
New York, NY City Hsg. Dev. Corp. RB, Peter Cintron Apts. Proj., Ser. C, 2.98%, VRDN,    
    (LOC: Key Bank)       11,500,000     11,500,000  
Newburgh, NY Indl. Dev. Agcy., RB, 3.12%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       3,235,000     3,235,000  
PFOTER:    
    Class C, 2.65%, 03/09/2006, (Liq.: Merrill Lynch & Co., Inc.)       2,915,000     2,915,000  
    Class F, 3.10%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       2,790,000     2,790,000  
Sherburne Cnty., MN Hsg. & Redev. Auth. RB, Apperts, Inc. Proj., 3.45%, VRDN, (LOC: LaSalle    
    Bank, N.A.)       3,400,000     3,400,000  
Simi Valley, CA MHRB, PFOTER, 3.04%, VRDN, (LOC: Danske Bank)       800,000     800,000  

        108,478,500


INDUSTRIAL DEVELOPMENT REVENUE  1.3%
   
Frankfort, IN EDRB, Gen. Seating of America Proj., 4.20%, VRDN, (LOC: Dai-Ichi Kangyo Bank, Ltd.)       875,000     875,000  
West Baton Rouge, LA IDRB, Dow Chemical Co. Proj., Ser. 1995, 3.09%, VRDN, (Gtd. by Dow    
    Chemical Co.)       3,500,000     3,500,000  

        4,375,000


[1]


EVERGREEN NEW YORK MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTScontinued

April 30, 2005  (unaudited)
  Principal
Amount
Value


MUNICIPAL OBLIGATIONS  continued
           

MANUFACTURING  6.5%
   
California EDA IDRB, Plating Works, Inc. Proj., 3.30%, VRDN, (LOC: Union Bank of California)     $ 2,630,000   $ 2,630,000  
Chenango Cnty., NY IDA RB, Baillie Lumber, Ser. A, 3.20%, VRDN, (LOC: Citizens Bank)       3,851,000     3,851,000  
Columbia Cnty., NY Indl. Dev. Agcy. RB, Rual Manufacturing Co., Inc., Proj. A, 3.03%, VRDN,    
    (LOC: Bank of America Corp.)       230,000     230,000  
New York, NY IDA RB, Contractors Sheet Metal, Inc., 3.10%, VRDN, (LOC: Citibank, N.A.)       1,820,000     1,820,000  
Oswego Cnty., NY IDRB, Crysteel Manufacturing, Inc. Proj., Ser. A, 3.14%, VRDN, (LOC: U.S. Bank)       3,925,000     3,925,000  
Plymouth, MN IDRB, NuAire, Inc., Proj., Ser. B, 3.25%, VRDN, (LOC: Wells Fargo)       1,100,000     1,100,000  
Rockland Cnty., NY IDA RB, MIC Tech., Ser. A, 3.20%, VRDN, (LOC: Bank of America Corp.)       1,000,000     1,000,000  
Sparks, NV EDRB, Rix Inds. Proj., 3.25%, VRDN, (LOC: Wells Fargo)       1,825,000     1,825,000  
Ulster Cnty., NY Indl. Dev. Agcy. RB:    
    Sunwize Tech, Inc., Ser. A, 3.05%, VRDN, (LOC: HSBC Bank)       1,850,000     1,850,000  
    Zumtobel Staff Proj., Ser. A, 3.14%, VRDN, (LOC: Creditanstalt Bank)       1,500,000     1,500,000  
Yakima Cnty., WA Pub. Corp. RB, Longview Fibre Co. Proj., 3.15%, VRDN, (LOC: Bank of    
    America Corp.)       1,240,000     1,240,000  

        20,971,000


MISCELLANEOUS REVENUE  1.6%
   
Pennsylvania EDFA Wstwtr. Treatment RRB, Sunoco, Inc. Proj., 3.19%, VRDN, (Gtd. by Sunoco)       3,000,000     3,000,000  
Puerto Rico, Med. & Env. Pollution Ctl. Facs. RB, Becton Dickenson & Co., 2.60%, 03/01/2006,    
    (Gtd. by Becton Dickenson & Co.)       2,100,000     2,100,000  

        5,100,000


SOLID WASTE  0.1%
   
New Hampshire Business Fin. Auth. Solid Wst. Disposal RB, Waste Management, Inc. Proj., 2.90%,    
    06/01/2005, (LOC: Bank of America Corp.)       500,000     500,000  


SPECIAL TAX  4.3%
   
New York, NY RB, Urban Dev. Corp., 3.01%, VRDN       2,500,000     2,500,000  
New York, NY TFA RB:    
    3.02%, VRDN, (Insd. by AMBAC)       5,180,000     5,180,000  
    Ser. 1, 2.85%, VRDN       600,000     600,000  
    Ser. 362, 3.05%, VRDN, (Liq.: Morgan Stanley Dean Witter)       2,667,500     2,667,500  
    Ser. C, 2.85%, VRDN, (SPA: Bayerische Landesbank)       1,000,000     1,000,000  
Puerto Rico Cmnwlth. Hwy. & Trans. Auth. RB, Ser. 771, 1.85%, 10/13/2005, (Liq.: Morgan Stanley    
    Dean Witter)       2,015,000     2,015,000  

        13,962,500


TOBACCO REVENUE  6.8%
   
Monroe Tobacco Asset Security Corp., NY RB, PFOTER, 3.08%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       6,865,000     6,865,000
New York Tobacco Trust RB, PFOTER, 3.08%, VRDN, (LOC: WestLB AG)       3,900,000     3,900,000  
Tobacco Settlement Fin. Corp. NY RB, PFOTER:    
    3.01%, VRDN, (SPA: Merrill Lynch & Co., Inc.)       4,980,000     4,980,000  
    3.06%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       6,285,000     6,285,000  

        22,030,000


TRANSPORTATION  10.4%
   
Metropolitan Trans. Auth. NY RB:    
    Class A, 3.02%, VRDN, (LOC: Citibank N.A.)       10,000,000     10,000,000  
    MSTR, Ser. 7000, Class A, 3.00%, VRDN, (LOC: Bear Stearns Capital Markets)       4,995,000     4,995,000  
New York Thruway Auth. Gen. RB:    
    3.01%, VRDN, (Insd. by MBIA & Merrill Lynch & Co., Inc.)       4,790,000     4,790,000  
    3.05%, VRDN, (Liq.: Morgan Stanley Dean Witter)       1,042,500     1,042,500  
    MSTR, 3.03%, VRDN, (SPA: Societe Generale)       12,825,000     12,825,000  

        33,652,500


UTILITY  3.7%
   
Carlton, WI PCRB, Wisconsin Pwr. & Light Proj., 3.16%, VRDN, (Gtd. by Wisconsin Pwr. & Light)       1,000,000   1,000,000
Delaware EDA RB, Delmarva Pwr. & Light Co. Proj., 3.20%, VRDN, (Gtd. by Delmarva Pwr. &    
    Light Co.)       1,800,000     1,800,000  

[2]


EVERGREEN NEW YORK MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTScontinued

April 30, 2005  (unaudited)
  Principal
Amount
Value


MUNICIPAL OBLIGATIONS  continued
           

UTILITY  continued
   
Delaware EDA RRB, Delmarva Pwr. & Light Co. Proj., Ser. 1993C, 3.20%, VRDN, (Gtd. by Delmavra    
    Pwr. & Light Co.)     $ 400,000   $ 400,000  
Long Island Pwr. Auth. NY RB, PFOTER, 3.01%, VRDN, (SPA: Merrill Lynch & Co., Inc.)       4,000,000     4,000,000  
Monroe Cnty., NY Indl. Dev. Agy. RB, Electric Navigation Industries, 1.80%, 07/01/2005       4,905,000     4,882,842  

        12,082,842


WATER & SEWER  13.0%
   
California Pollution Ctl. Solid Wst. RB:    
    Carlos Echeverria & Sons, 3.06%, VRDN, (LOC: Key Bank N.A.)       3,500,000     3,500,000  
    George & Jennifer Deboer Trust, 3.06%, VRDN, (LOC: Wells Fargo)       2,500,000     2,500,000  
New York Env. Facs., ROC RB, 3.02%, VRDN, (Liq.: Citibank N.A.)       5,995,000     5,995,000  
New York, NY Muni. Wtr. Fin. RB,    
    Class A, 3.02%, VRDN, (Liq.: Citibank N.A.)       23,540,000     23,540,000  
    PFOTER, Ser. 621, 3.02%, VRDN, (Liq.: JPMorgan Chase & Co.)       5,000,000     5,000,000  
Olcese, CA Wtr. Dist. COP, Rio Bravo Wtr. Delivery Proj., Ser. A, 2.70%, 05/17/2005, (SPA: Sumitomo    
    MIT Bank Corp.)       1,500,000     1,500,000  

        42,035,000

Total Investments  (cost $323,005,965)  99.7%             323,005,965  
Other Assets and Liabilities  0.3%             1,089,447  

Net Assets  100.0%           $ 324,095,412  

VRDN Variable Rate Demand Note security which is payable on demand within seven calendar days after notice is given by the Fund to the issuer or other parties not affiliated with the issuer. Interest rates are determined and reset by the issuer daily, weekly, or monthly depending upon the terms of the security. Interest rates presented for these securities are those in effect at April 30, 2005.

Certain obligations held in the portfolio have credit enhancements or liquidity features that may, under certain circumstances, provide for repayment of principal and interest on the obligation upon demand date, interest rate reset date or final maturity. These enhancements include: letters of credit; liquidity guarantees; security purchase agreements; tender option purchase agreements; and third party insurance (i.e. AMBAC, FGIC and MBIA). Adjustable rate bonds and variable rate demand notes held in the portfolio may be considered derivative securities within the standards imposed by the Securities and Exchange Commission under Rule 2a-7 which were designed to minimize both credit and market risk.

Summary of Abbreviations
AMBAC American Municipal Bond Assurance Corp.
COP Certificates of Participation
EDA Economic Development Authority
EDFA Economic Development Finance Authority
EDRB Economic Development Revenue Bond
FNMA Federal National Mortgage Association
GO General Obligation
IDA Industrial Development Authority
IDRB Industrial Development Revenue Bond
LOC Letter of Credit
MBIA Municipal Bond Investors Assurance Corp.
MHRB Multifamily Housing Revenue Bond
MSTR Municipal Securities Trust Receipt
PCRB Pollution Control Revenue Bond
PFOTER Putable Floating Option Tax Exempt Receipts
RB Revenue Bond
ROC Reset Option Certificate
RRB Refunding Revenue Bond
SPA Securities Purchase Agreement
TFA Transportation Finance Authority

[3]


EVERGREEN NEW YORK MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTScontinued

April 30, 2005  (unaudited)

At April 30, 2005, the Fund had the following open credit default swap contracts outstanding:

Expiration
Counterparty
Reference Debt
Obligation

Notional
Amount

Annual Rate of
Fixed Payments
Made by the Fund

Payment
Frequency

06/01/2005 Bank of
America Corp.
New Hampshire Business
Fin. Auth. Solid Wst.
Disposal RB, Waste
Management, Inc. Proj.
$500,000 0.46% Quarterly

On April 30, 2005, the cost of investments for federal income tax purposes for the Fund was the same as for financial reporting purposes.

The following table shows the percent of total investments by geographic location as of April 30, 2005:

New York 82.1%
California 6.1%
Minnesota 1.4%
Puerto Rico 1.3%
Louisiana 1.1%
Pennsylvania 0.9%
Delaware 0.7%
Nevada 0.6%
Washington 0.4%
Indiana 0.3%
Wisconsin 0.3%
New Hampshire 0.1%
Non-state specific 4.7%

  100.0%


[2]


EVERGREEN PENNSYLVANIA MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS

April 30, 2005  (unaudited)
  Principal
Amount
Value


MUNICIPAL OBLIGATIONS   99.7%
           

AIRPORT   5.2%
   
Philadelphia, PA Arpt. IDA RB, Macon Trust, Ser. 1998 P-1, 3.14%, VRDN, (Liq.: Bank of America    
    Corp. & Insd. by FGIC)     $ 2,000,000   $ 2,000,000  
Philadelphia, PA Arpt. MSTR, 3.08%, VRDN, (SPA: Societe Generale & Insd. by FGIC)       1,200,000     1,200,000  
Springfield, IL Arpt. Auth. RB, Allied-Signal, Inc. Proj., 3.29%, VRDN, (Gtd. by Honeywell    
    International, Inc.)       4,375,000     4,375,000  

        7,575,000


CONTINUING CARE RETIREMENT COMMUNITY   5.1%
   
Butler Cnty., PA IDA RB, Concordia Lutheran, Ser. C, 3.01%, VRDN, (Insd. by Radian & Liq.:    
    Bank of America Corp.)       2,000,000     2,000,000  
Lancaster Cnty., PA Hosp. Auth. RB, Brethren Vlg. Hlth. Ctr. Proj., 3.05%, VRDN, (LOC: Fulton    
    Financial Corp.)       5,485,000     5,485,000  

        7,485,000


EDUCATION   6.3%
   
Allegheny Cnty., PA IDA RB, Pressley Ridge Sch. Proj., Ser. 2002, 3.07%, VRDN, (LOC: National    
    City Corp.)       2,725,000     2,725,000  
California CDA RB, Biola Univ. Proj., Ser. A, 3.02%, VRDN, (LOC: Allied Irish Banks plc)       500,000     500,000  
Latrobe, PA IDA RB, Greensburg Diocese, 3.10%, VRDN, (LOC: Allied Irish Banks plc)       1,350,000     1,350,000  
Midway, CA Sch. Dist COP, Refinancing Proj., Ser. 2000, 3.10%, VRDN, (Liq.: Union Bank of    
    California)       1,480,000     1,480,000  
Pennsylvania Higher Edl. Facs. Auth. RB, Carnegie Mellon Univ. Proj., Class A, 2.89%, VRDN,    
    (SPA: JPMorgan Chase & Co.)       3,200,000     3,200,000  

        9,255,000


GENERAL OBLIGATION - LOCAL   0.3%
   
Philadelphia, PA Sch. Dist. GO, Ser. 345, 3.05%, VRDN, (Insd. by MBIA & Liq.: Morgan Stanley)       440,000     440,000  


GENERAL OBLIGATION - STATE   4.3%
   
ABN AMRO Munitops Cert. Trust, Ser. 2003-14, 3.03%, VRDN, (SPA: ABN AMRO Bank & Insd    
    by FGIC)       5,000,000     5,000,000  
Pennsylvania GO MSTR, 2.98%, VRDN, (LOC: JPMorgan Chase & Co.)       1,345,000     1,345,000  

        6,345,000


HOSPITAL   2.6%
   
Geisinger Auth. PA, Geisinger Hlth. Sys. Foundation RB, 2.90%, VRDN, (SPA: JPMorgan Chase & Co.)       1,500,000     1,500,000  
Lancaster Cnty., PA Hosp. Auth. RB, Lancaster Gen. Hosp. Proj., 3.15%, VRDN, (LOC: Fulton    
    Financial Corp.)       2,000,000     2,000,000  
Lehigh Cnty., PA Gen. Purpose Auth. RB PFOTER, 3.02%, VRDN, (Liq.: Merrill Lynch & Co., Inc.)       340,000     340,000  

        3,840,000

HOUSING   5.7%    
Class B Revenue Bond Cert. Trust, Ser. 2001-1, 3.44%, VRDN, (Liq.: American International    
    Group, Inc.)       2,648,000     2,648,000  
Lancaster, PA IDA RB, Davco Family Proj., Class A, 3.20%, VRDN, (LOC: Fulton Financial Corp.)       1,525,000     1,525,000  
New Jersey Hsg. & Mtge. Fin. Agcy. PFOTER RB, 3.08%, VRDN, (LOC: Landesbank Hessen &    
    Insd. by MBIA)       200,000     200,000  
PFOTER, 2.65%, 03/09/2006, (Liq.: Merrill Lynch & Co., Inc.)       1,505,000     1,505,000  
Philadelphia, PA Redev. Auth. MHRB, 1.72%, 08/11/2005, (Liq.: Merrill Lynch & Co., Inc.)       2,490,000     2,490,000  

        8,368,000

INDUSTRIAL DEVELOPMENT REVENUE   36.5%    
Allegheny Cnty., PA IDA RRB, Mine Safety Appliances Co. Proj., Ser. 1991, 3.00%, VRDN,    
    (LOC: JPMorgan Chase & Co.)       1,000,000     1,000,000  
Blair Cnty., PA IDA RB, CCK, Inc. Proj., 3.20%, VRDN, (LOC: Fulton Financial Corp.)       2,200,000     2,200,000  
Butler Cnty., PA IDA IDRB, Mine Safety Appliances Co.:    
    Ser. 1992-A, 3.09%, VRDN, (LOC: JPMorgan Chase & Co.)       3,000,000     3,000,000  
    Ser. 1992-B, 3.09%, VRDN, (LOC: JPMorgan Chase & Co.)       1,000,000     1,000,000  
Butler Cnty., PA IDRRB, Mine Safety Appliances Co., Ser. 1991, 3.00%, VRDN, (LOC: JPMorgan    
    Chase & Co.)       1,000,000     1,000,000  

[1]


EVERGREEN PENNSYLVANIA MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS  continued

April 30, 2005  (unaudited)
  Principal
Amount
Value


MUNICIPAL OBLIGATIONS   continued
           

INDUSTRIAL DEVELOPMENT REVENUE   continued
   
Chester Cnty., PA IDA IDRB, KAC III Realty Corp. Proj., Ser. A, 3.13%, VRDN, (LOC: PNC Financial    
    Services Group, Inc.)     $ 2,325,000   $ 2,325,000  
Cumberland Cnty., PA IDA RB, Lane Enterprises, Inc. Proj., 3.13%, VRDN, (LOC: PNC Financial    
    Services Group, Inc.)       2,755,000     2,755,000  
Franconia Township, PA IDA RB, Asher's Chocolates Proj., Ser. A, 3.24%, VRDN, (LOC: Mellon Bank)       3,000,000     3,000,000  
Hatfield Township, PA IDA Exempt Facs. RB, Hatfield Quality Meats Proj., 3.05%, VRDN,    
    (LOC: Bank of America Corp.)       1,820,000     1,820,000  
Lancaster, PA IDA RB, Ris Paper Co. Proj., 3.13%, VRDN, (LOC: PNC Financial Services Group, Inc.)       1,565,000     1,565,000  
Montgomery Cnty., PA IDA RB, Vari Corp. Proj., Ser. C, 3.24%, VRDN, (LOC: Allfirst Bank)       865,000     865,000  
Pennsylvania EDFA RB:    
    Computer Components Proj., Ser. G-3, 3.08%, VRDN, (LOC: PNC Financial Services Group, Inc.)       700,000     700,000  
    Del Grosso Foods, Inc. Proj., Ser. G-6, 3.08%, VRDN, (LOC: PNC Financial Services Group, Inc.)       950,000     950,000  
    Donald Bernstein Proj.:    
        Ser. 2000H-3, 3.08%, VRDN, (LOC: PNC Financial Services Group, Inc.)       1,100,000     1,100,000  
        Ser. C-5, 3.08%, VRDN, (LOC: PNC Financial Services Group, Inc.)       2,700,000     2,700,000  
    EPT Associates Proj., Ser. B-5, 3.08%, VRDN, (LOC: PNC Financial Services Group, Inc.)       1,000,000     1,000,000  
    First Street Partners Proj., Ser. H-4, 3.08%, VRDN, (LOC: PNC Financial Services Group, Inc.)       1,300,000     1,300,000  
    Fitzpatrick Container Corp., Ser. A-1, 3.08%, VRDN, (LOC: PNC Financial Services Group, Inc.)       3,000,000     3,000,000  
    Ganflec Corp. Proj., Ser. E, 3.08%, VRDN, (LOC: PNC Financial Services Group, Inc.)       2,000,000     2,000,000  
    Hamill Manufacturing Co. Proj., Ser. H-6, 3.08%, VRDN, (LOC: PNC Financial Services    
        Group, Inc.)       1,100,000     1,100,000  
    Johnston Welding & Fabric, Ser. B-1, 3.08%, VRDN, (LOC: PNC Financial Services Group, Inc.)       900,000     900,000  
    Moosic Realty Partners LP Proj., Ser. A-1, 3.08%, VRDN, (LOC: PNC Financial Services    
        Group, Inc.)       800,000     800,000  
    O'Neill Family LLC, Ser. B-8, 3.08%, VRDN, (LOC: PNC Financial Services Group, Inc.)       2,200,000     2,200,000  
    Savicor Associates LP, Ser. H-10, 3.08%, VRDN, (LOC: PNC Financial Services Group, Inc.)       1,200,000     1,200,000  
    Ser. 2001B-1, 3.08%, VRDN, (LOC: PNC Financial Services Group, Inc.)       1,300,000     1,300,000  
    Ser. 2001B-2, 3.08%, VRDN, (LOC: PNC Financial Services Group, Inc.)       1,000,000     1,000,000  
    Ser. G-12, 3.08%, VRDN, (LOC: PNC Financial Services Group, Inc.)       700,000     700,000  
Philadelphia, PA Auth. IDRB, 1100 Walnut Associates Proj., 2.30%, VRDN, (LOC: PNC Financial    
    Services Group, Inc.)       1,700,000     1,700,000  
Philadelphia, PA IDRB, Allied Corp. Proj., FRN, 2.00%, 11/01/2005, (Gtd. by Honeywell    
    International, Inc.)       490,000     490,000  
Philadelphia, PA Indl. Dev. PCRB, Allied Corp. Proj., FRN, 2.00%, 11/01/2005, (Gtd. by Honeywell    
    International, Inc.)       1,010,000     1,010,000  
Washington Cnty., PA IDRB, Engineered Products, Inc. Proj., Ser. A, 3.08%, VRDN, (LOC: Citizens    
    Banking Corp.)       640,000     640,000  
Weld Cnty., CO RB, Mak Group Proj., 3.25%, VRDN, (LOC: Wells Fargo & Co.)       1,060,000     1,060,000  
Westfield, IN EDRB, Standard Locknut, Inc. Proj., 3.25%, VRDN, (LOC: Wells Fargo & Co.)       1,095,000     1,095,000  
Westmoreland Cnty., PA IDA RB, White Consolidated Industries, Inc. Proj., FRN, 2.20%, 06/01/2005,    
    (SPA: Bank of Nova Scotia)       5,100,000     5,100,000  

        53,575,000


MISCELLANEOUS REVENUE   6.2%
   
Lancaster, PA IDA RB, Student Lodging, Inc. Proj., 3.15%, VRDN, (LOC: Fulton Financial Corp.)       2,500,000     2,500,000  
New Jersey Env. Infrastructure MSTR RB, Ser. JPMC6, 2.97%, VRDN, (Liq.: JPMorgan Chase & Co.)       1,000,000     1,000,000  
Pennsylvania EDFA IDRB, Babcock & Wilcox Co., Ser. A-2, 3.23%, VRDN, (LOC: PNC Financial    
    Services Group, Inc.)       4,550,000     4,550,000  
Pennsylvania Higher Edl. Facs. Auth. RB, Honeysuckle Student Holding, Ser. A, 3.01%, VRDN,    
    (LOC: Allied Irish Banks plc)       1,085,000     1,085,000  

        9,135,000


[2]


EVERGREEN PENNSYLVANIA MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS  continued

April 30, 2005  (unaudited)
  Principal
Amount
Value


MUNICIPAL OBLIGATIONS   continued
           

PORT AUTHORITY   1.4%
   
Pennsylvania EDFA RB, Port of Pittsburgh Commission, Ser. G-10, 3.08%, VRDN, (LOC: PNC    
    Financial Services Group, Inc.)     $ 2,000,000   $ 2,000,000  


RESOURCE RECOVERY   6.2%
   
Washington Cnty., PA IDRB, Solid Wst. Disposal, American Iron Oxide Co. Proj., 3.48%, VRDN,    
    (Liq.: JPMorgan Chase & Co.)       9,100,000     9,100,000  


SOLID WASTE   0.3%
   
New Hampshire Business Fin. Auth. Solid Wst. Disposal RB, Waste Management, Inc. Proj.,    
    2.90%, 06/01/2005, (LOC: Bank of America Corp.)       500,000     500,000  


SPECIAL TAX   1.1%
   
Denver, CO Urban Renewal Auth. Tax Increment RRB, Ser. A, 3.30%, VRDN, (LOC: Zions Bancorp.)       890,000     890,000  
Pennsylvania Intergovernmental Coop. Auth. Spl. Tax ROC, Ser. 99-7, 3.02%, VRDN,    
    (LOC: Citigroup & Insd. by FGIC)       675,000     675,000  

        1,565,000


TRANSPORTATION   1.7%
   
Pennsylvania Turnpike Commission RB:    
    Ser. Q, 2.97%, VRDN, (SPA: WestLB AG)       1,200,000     1,200,000  
    Ser. U, 2.95%, VRDN, (SPA: Dexia Credit Local)       1,350,000     1,350,000  

        2,550,000

UTILITY   4.2%    
Carlton, WI PCRB, Wisconsin Pwr. & Light Proj., 3.16%, VRDN, (Gtd. by Wisconsin Pwr. & Light)       1,800,000     1,800,000
Delaware EDA RB, Delmarva Pwr. & Light Co. Proj., 3.20%, VRDN, (Gtd. by Delmarva    
     Pwr. & Light Co.)       1,400,000     1,400,000  
Lehigh Cnty., PA IDA RB, Allegheny Electric Corp., Inc. Proj., 2.30%, VRDN, (LOC: RaboBank    
    Nederland)       755,000     755,000  
Pennsylvania EDFA Wstwtr. Treatment RRB, Sunoco, Inc. Proj., 3.19%, VRDN, (Gtd. by Sunoco, Inc.)       1,300,000     1,300,000  
Port Arthur, TX Navigation Dist. IDRB, Fina Oil & Chemical Co. Proj., 2.89%, VRDN,    
    (Gtd. by Total SA)       700,000     700,000  
Sweetwater Cnty., WY Env. Impt. RB, Pacificorp Proj., Ser. 1995, 2.93%, VRDN, (LOC: Barclays    
    Bank plc)       200,000     200,000  

        6,155,000


WATER & SEWER   12.6%
   
Olcese, CA Wtr. Dist. COP, Rio Bravo Wtr. Delivery Proj., Ser. A, 2.70%, 05/17/2005,    
    (SPA: Sumitomo MIT Bank Corp.)       2,000,000     2,000,000  
Philadelphia, PA Wtr. & Wstwtr. Facs. RB MTC, Ser. 1999-1, 3.49%, VRDN, (LOC: Commerzbank    
    AG & Insd. by AMBAC)       15,495,000     15,495,000  
Pittsburgh, PA Wtr. & Swr. Auth. RB, Ser. 346, 3.05%, VRDN, (Liq.: Morgan Stanley)       995,000     995,000  

        18,490,000

Total Investments   (cost $146,378,000)   99.7%             146,378,000  
Other Assets and Liabilities   0.3%             446,586  

Net Assets   100.0%           $ 146,824,586  



VRDN


Variable Rate Demand Note security which is payable on demand within seven calendar days after notice is given by the Fund to the issuer or other parties not affiliated with the issuer. Interest rates are determined and reset by the issuer daily, weekly, or monthly depending upon the terms of the security. Interest rates presented for these securities are those in effect at April 30, 2005.

[3]


EVERGREEN PENNSYLVANIA MUNICIPAL MONEY MARKET FUND
SCHEDULE OF INVESTMENTS  continued

April 30, 2005  (unaudited)


Summary of Abbreviations
AMBAC American Municipal Bond Assurance Corp. LOC Letter of Credit
CDA Community Development Authority MBIA Municipal Bond Investors Assurance Corp.
COP Certificates of Participation MHRB Multifamily Housing Revenue Bond
EDA Economic Development Authority MSTR Municipal Securities Trust Receipt
EDFA Economic Development Finance Authority MTC Municipal Trust Certificates
EDRB Economic Development Revenue Bond PCRB Pollution Control Revenue Bond
FGIC Financial Guaranty Insurance Co. PFOTER Putable Floating Option Tax Exempt Receipts
FRN Floating Rate Note RB Revenue Bond
GO General Obligation ROC Reset Option Certificate
IDA Industrial Development Authority RRB Refunding Revenue Bond
IDRB Industrial Development Revenue Bond SPA Securities Purchase Agreement
IDRRB Industrial Development Refunding Revenue Bond

Certain obligations held in the portfolio have credit enhancements or liquidity features that may, under certain circumstances, provide for repayment of principal and interest on the obligation upon demand date, interest rate reset date or final maturity. These enhancements include: letters of credit; liquidity guarantees; security purchase agreements; tender option purchase agreements; and third party insurance (i.e. AMBAC, FGIC and MBIA). Adjustable rate bonds and variable rate demand notes held in the portfolio may be considered derivative securities within the standards imposed by the Securities and Exchange Commission under Rule 2a-7 which were designed to minimize both credit and market risk.

At April 30, 2005, the Fund had the following open credit default swap contracts outstanding:

Expiration
Counterparty
Reference Debt
Obligation

Notional
Amount

Annual Rate of Fixed
Payments Made by
the Fund

Payment
Frequency

6/1/2005 Bank of America Corp. New Hampshire Business
Fin. Auth. Solid Wst.
Disposal RB, Waste
Management, Inc. Proj.
$500,000 0.46% Quarterly

On April 30, 2005, the cost of investments for federal income tax purposes for the Fund was the same as for financial reporting purposes.

The following table shows the percent of total investments by geographic location as of April 30, 2005:

Pennsylvania 85.4%
California 4.5%
Illinois 3.0%
Colorado 1.3%
Wisconsin 1.2%
Delaware 1.0%
New Jersey 0.8%
Indiana 0.8%
Texas 0.5%
New Hampshire 0.4%
Wyoming 0.1%
Non-state specific 1.0%

  100.0%


[4]


EVERGREEN TREASURY MONEY MARKET FUND
SCHEDULE OF INVESTMENTS

April 30, 2005  (unaudited)
  Principal
Amount
Value


U.S. TREASURY OBLIGATIONS  21.0%
           
U.S. Treasury Bills:    
    2.56%, 05/12/2005 †     $ 100,000,000   $ 99,931,319  
    2.59%, 05/05/2005 †       50,000,000     49,991,125  
U.S. Treasury Notes:    
    1.25%, 05/31/2005       15,000,000     14,993,661  
    1.50%, 03/31/2006       65,000,000     63,890,181  
    1.625%, 04/30/2005 - 02/28/2006       215,000,000     214,102,255  
    1.875%, 11/30/2005 - 12/31/2005       155,000,000     154,375,442  
    2.00%, 08/31/2005       25,000,000     24,998,089  

            Total U.S. Treasury Obligations (cost $622,282,072)             622,282,072  


REPURCHASE AGREEMENTS*  79.1%
   
ABN Amro, Inc., Avg. rate of 2.78%, dated 4/25/2005, maturing 5/2/2005; maturity value    
    $80,043,267 (1) **       80,000,000     80,000,000  
Bank of America Corp., Avg. rate of 2.80%, dated 4/25/2005, maturing 5/2/2005; maturity value    
    $150,081,542 (2)**       150,000,000     150,000,000  
Barclays plc, 2.83%, dated 4/29/2005, maturing 5/2/2005; maturity value $150,035,375 (3)       150,000,000     150,000,000  
Citigroup, Inc., Avg. rate of 2.84%, dated 4/25/2005, maturing 5/2/2005; maturity value    
    $100,055,194 (4) **       100,000,000     100,000,000  
Credit Suisse First Boston LLC.:    
    1.45%, dated 4/12/2004; maturing 5/5/2005; maturity value $50,046,160 (5)       50,000,000     50,000,000  
    Avg. rate of 2.79%, dated 4/25/2005, maturing 5/2/2005; maturity value $150,081,250 (6) **       150,000,000     150,000,000  
Deutsche Bank AG:    
    2.90%, dated 4/29/2005, maturing 5/2/2005; maturity value $75,018,125 (7)       75,000,000     75,000,000  
    Avg. rate of 2.81%, dated 4/25/2005, maturing 5/2/2005; maturity value $150,082,000 (7) **       150,000,000     150,000,000  
    Avg. rate of 2.86%, dated 4/25/2005, maturing 5/2/2005; maturity value $100,055,583 (7) **       100,000,000     100,000,000  
Greenwich Capital Markets, Inc., Avg. rate of 2.78%, dated 4/25/2005, maturing 5/2/2005;    
    maturity value $80,043,222 (8) **       80,000,000     80,000,000  
JPMorgan Chase & Co., Avg. rate of 2.77%, dated 4/25/2005, maturing 5/2/2005;    
    maturity value $60,032,316 (9) **       60,000,000     60,000,000  
Lehman Brothers Holdings, Inc., Avg. rate of 2.77%, dated 4/25/2005, maturing 5/2/2005;    
    maturity value $150,080,833 (10) **       150,000,000     150,000,000  
Merrill Lynch, Pierce, Fenner & Smith, Inc., 2.80%, dated 4/29/2005, maturing 5/2/2005;    
    maturity value $150,035,000 (11)       150,000,000     150,000,000  
Morgan Stanley, Avg. rate of 2.78%, dated 4/25/2005, maturing 5/2/2005; maturity value    
    $80,043,178 (12) **       80,000,000     80,000,000  
RBC Dain Rauscher, Inc., Avg. rate of 2.77%, dated 4/25/2005, maturing 5/2/2005; maturity    
    value $80,043,156 (13) **       80,000,000     80,000,000  
Societe Generale:    
    2.80%, dated 4/29/2005, maturing 5/2/2005; maturity value $307,022,649 (14)       306,951,027     306,951,027  
    2.92%, dated 4/29/2005, maturing 5/2/2005; maturity value $150,036,500 (15)       150,000,000     150,000,000  
UBS AG:    
    2.86%, dated 4/29/2005, maturing 5/2/2005; maturity value $100,023,833 (16)       100,000,000     100,000,000  
    2.92%, dated 4/29/2005, maturing 5/2/2005; maturity value $100,024,333 (17)       100,000,000     100,000,000  
WestLB AG, Avg. rate of 2.77%, dated 4/25/2005, maturing 5/2/2005; maturity value    
    $80,043,089 (18) **       80,000,000     80,000,000  

            Total Repurchase Agreements (cost $2,341,951,027)             2,341,951,027  

Total Investments  (cost $2,964,233,099)  100.1%             2,964,233,099  
Other Assets and Liabilities  (0.1%)             (2,884,300 )

Net Assets  100.0%           $ 2,961,348,799  


[1]


EVERGREEN TREASURY MONEY MARKET FUND
SCHEDULE OF INVESTMENTS continued

April 30, 2005  (unaudited)




Rate shown represents the yield to maturity at date of purchase.
* Collateralized by:
(1) $82,204,000 U.S. Treasury Bills, 0.00%, 7/14/2005 to 8/18/2005; value is $81,600,857.
(2) $89,396,000 U.S. Treasury Bill, 0.00%, 5/5/2005; value is $89,362,030. $63,610,000 U.S. Treasury Note, 2.25%, 4/30/2006; value including accrued interest is $63,638,487.
(3) $114,682,000 U.S. Treasury Notes, 1.125% to 3.375%, 6/30/2005 to 12/15/2008; value including accrued interest is $113,961,007. $39,469,000 U.S. Treasury Bills, 0.00%, 6/23/2005 to 10/20/2005; value is $39,039,866.
(4) $414,026,820 GNMA, 3.375% to 7.00%, 6/15/2019 to 2/15/2035; value including accrued interest is $102,000,000.
(5) $17,531,000 U.S. Treasury Note, 4.25%, 8/15/2013; value including accrued interest is $17,858,663. $20,255,000 U.S. Treasury Bond, 3.875%, 4/15/2029; value including accrued interest is $33,146,615.
(6) $93,495,000 U.S. Treasury Bond, 3.875%, 4/15/2029; value including accrued interest is $153,001,369.
(7) $442,653,000 STRIPS, 0.00%, 11/15/2018 to 8/15/2021; value is $227,479,254. $110,000,000 GNMA, 6.00%, 11/15/2034; value including accrued interest is $104,021,064. This collateral was allocated on a pro-rata split such that sufficient collateral was applied to the respective repurchase agreements.
(8) $81,515,000 STRIPS, 0.00%, 4/15/2010; value is $81,603,826.
(9) $63,220,000 U.S. Treasury Notes, 2.00% to 2.62%, 5/15/2006 to 3/15/2009; value including accrued interest is $61,204,105.
(10) $268,932,494 STRIPS, 0.00%, 5/15/2013 to 8/15/2021; value is $153,001,878.
(11) $381,192,000 STRIPS, 0.00%, 11/15/2021 to 11/15/2027; value is $153,001,594.
(12) $111,150,000 STRIPS, 0.00%, 1/15/2008 to 11/15/2015; value is $81,601,055.
(13) $27,958,000 U.S. Treasury Notes, 1.50% to 4.75%, 7/31/2005 to 11/15/2014; value including accrued interest is $28,654,199. $19,592,000 U.S. Treasury Bonds, 5.375% to 8.125%, 8/15/2019 to 2/15/2031; value including accrued interest is $27,304,781. $49,330,000 STRIPS, 0.00%, 8/15/2019; value is $25,642,227.
(14) $277,539,000 U.S. Treasury Notes, 2.00% to 4.00%, 2/28/2007 to 2/15/2015; value including accrued interest is $274,070,146. $25,000,000 U.S. Treasury Bond, 3.625%, 4/15/2028; value including accrued interest is $39,749,020.
(15) $47,910,000 U.S. Treasury Notes, 3.75% to 4.75%, 3/31/2007 to 5/15/2014; value including accrued interest is $49,806,022. $114,750,000 GNMA, 5.00%, 10/15/2034; value including accrued interest is $103,256,574.
(16) $102,055,000 U.S. Treasury Note, 3.375%, 2/15/2008; value including accrued interest is $102,000,497.
(17) $180,470,824 GNMA, 3.25% to 7.00%, 1/20/2030 to 1/20/2035; value including accrued interest is $102,001,732.
(18) $18,933,000 U.S. Treasury Notes, 2.875% to 4.375%, 11/30/2006 to 11/15/2007; value including accrued interest is $19,337,435. $44,775,000 U.S. Treasury Bonds, 7.50% to 8.875%, 11/15/2016 to 8/15/2017; value including accrued interest is $62,263,086.
** Variable rate repurchase agreement with rates which reset daily. The rate shown represents an average of the daily rates over the term of the agreement.



Summary of Abbreviations
GNMA Government National Mortgage Association
STRIPS Separately Traded Registered Interest and Principal Securities

On April 30, 2005, the cost of investments for federal income tax purposes for the Fund was the same as for financial reporting purposes.


[2]


EVERGREEN U.S. GOVERNMENT MONEY MARKET FUND
SCHEDULE OF INVESTMENTS

April 30, 2005  (unaudited)
  Principal
Amount
Value

U.S. GOVERNMENT & AGENCY OBLIGATIONS   94.4%            
FAMC:    
    2.91%, 05/25/2005 +     $ 20,000,000   $ 19,963,456  
    3.01%, 07/12/2005 +       25,000,000     24,854,549  
FFCB, FRN:    
    2.73%, 05/03/2005       50,000,000     50,000,000  
    2.75%, 05/03/2005       50,000,000     49,997,910  
    2.76%, 05/03/2005       35,000,000     34,988,941  
FHLB:    
    1.55%, 05/06/2005       25,000,000     25,000,000  
    1.58%, 05/10/2005       25,000,000     25,000,000  
    1.70%, 10/17/2005       2,900,000     2,889,736  
    2.25%, 10/21/2005 - 12/15/2005       34,890,000     34,806,660  
    2.50%, 11/02/2005 - 11/15/2005       45,000,000     44,954,293  
    6.50%, 11/15/2005       5,000,000     5,084,379  
    FRN, 2.00%, 08/11/2005       50,000,000     50,000,000  
FHLMC:    
    1.875%, 02/15/2006       5,000,000     4,930,613  
    2.78%, 06/14/2005 +       45,252,000     45,104,981  
    2.87%, 05/25/2005 +       17,496,000     17,464,478  
    2.875%, 09/15/2005       15,000,000     15,029,334  
    3.00%, 06/21/2005 +       35,000,000     34,857,083  
    7.00%, 07/15/2005       75,000,000     75,622,550  
    FRN, 1.90%, 07/28/2005       50,000,000     50,000,000  
FNMA:    
    1.80%, 05/27/2005       30,000,000     29,975,431  
    2.02%, 11/14/2005       4,500,000     4,469,735  
    2.32%, 09/12/2005       15,000,000     15,000,000  
    2.69%, 05/11/2005 +       25,000,000     24,983,500  
    2.72%, 05/18/2005 +       50,000,000     49,940,778  
    2.74%, 06/01/2005 +       22,300,000     22,250,197  
    3.11%, 07/01/2005 +       20,000,000     19,898,667  
    3.14%, 08/01/2005 +       35,918,000     35,639,266  
    7.00%, 07/15/2005       30,000,000     30,236,702  
    FRN:    
        2.83%, 05/15/2005       75,000,000     74,981,223  
        2.95%, 05/29/2005       100,000,000     99,984,422  

            Total U.S. Government & Agency Obligations   (cost $1,017,908,884)             1,017,908,884  

REPURCHASE AGREEMENT   8.7%
Bank of America Corp., 2.87%, dated 4/29/2005, maturing 5/2/2005;
    maturity value $93,483,625 *   (cost $93,461,272)
      93,461,272     93,461,272  

Total Investments   (cost $1,111,370,156)   103.1%             1,111,370,156  
Other Assets and Liabilities   (3.1%)             (33,630,989 )

Net Assets   100.0%           $ 1,077,739,167  

   
+ Zero coupon bond. The rate shown represents the yield to maturity at date of purchase.
* Collateralized by $97,628,000 FHLMC, 4.00%, 6/12/2013; value including accrued interest is $95,331,030.


On April 30, 2005, the cost of investments for federal income tax purposes for the Fund was the same as for financial reporting purposes.

Summary of Abbreviations
FAMC Federal Agricultural Mortgage Corp.
FFCB Federal Farm Credit Bank
FHLB Federal Home Loan Bank
FHLMC Federal Home Loan Mortgage Corp.
FNMA Federal National Mortgage Association
FRN Floating Rate Note

[1]


Item 2 – Controls and Procedures

(a) The registrant’s Principal Executive Officer and Principal Financial Officer have evaluated the registrant’s disclosure controls and procedures within 90 days of this filing and have concluded that the registrant’s disclosure controls and procedures were effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-Q was recorded, processed, summarized, and reported timely.

Item 3 – Exhibits

File the exhibits listed below as part of this Form. Letter or number the exhibits in the sequence indicated.

  (a) Separate certifications for the registrant’s Principal Executive Officer and Principal Financial Officer, as required by Rule 30a-3(d) under the Investment Company Act of 1940, are attached as EX-99.CERT.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Evergreen Money Market Trust


By:    /s/ Dennis H. Ferro
        ——————————————
        Dennis H. Ferro,
        Principal Executive Officer

Date: June 27, 2005

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By:   /s/ Dennis H. Ferro
        ——————————————
        Dennis H. Ferro,
        Principal Executive Officer

Date: June 27, 2005


By:   /s/ Carol A. Kosel
        ——————————————
        Carol A. Kosel
        Principal Financial Officer

Date: June 27, 2005