Filed by GMO Trust, on behalf
                                               of its GMO Pelican Fund

                                               Subject Company - Evergreen
                                               Equity Trust, on behalf of its
                                               Evergreen Large Cap Value Fund

                                               File No. 811-08413

                                               Filed pursuant to Rule 425 under
                                               the Securities Act of 1933;
                                               deemed filed pursuant to Rule
                                               14a-12.


Notes for responses to calls from GMO Pelican Fund (the "Fund") shareholders to
GMO Shareholder Services regarding proposed reorganization of the Fund into
Evergreen Large Cap Value Fund (possible script) - distributed to GMO
Shareholder Services for use beginning October 16, 2002.

-    The Fund is currently closed to new investors.

-    The Board of Trustees has approved an agreement and plan of
reorganization that provides for the reorganization of the Fund into Evergreen
Large Cap Value Fund, a mutual fund within the Evergreen family of funds,
managed by Evergreen Investment Management Company, LLC, subject to the approval
of the Fund's shareholders.

-    If the reorganization is approved by shareholders, it is anticipated that
Evergreen Investment Management Company, LLC will appoint GMO as subadvisor to
the Evergreen Large Cap Value Fund following the consummation of the
reorganization.

-    The preliminary Prospectus/Proxy Statement is available free of charge at
the Securities and Exchange Commission's website, which can be accessed at
www.sec.gov. GMO can also mail you a free copy of the preliminary
Prospectus/Proxy Statement.

-    A final Prospectus/Proxy Statement will be mailed to shareholders in early
November. Information about voting your shares will be enclosed with the final
Prospectus/Proxy Statement.

-    This is an informational conversation only. GMO is not soliciting your vote
at this time.

                                     ******

     The preliminary Prospectus/Proxy Statement is available free of charge at
the Securities and Exchange Commission's website, which can be accessed at
www.sec.gov. You can also get a free copy of that document by calling GMO Trust
collect at (617) 346-7646. The preliminary Prospectus/Proxy Statement sets forth
the identity of the participants in the proxy solicitation and a description of
the participants' direct or indirect interests, by security holdings or
otherwise. No authorized offer of a security in connection with the proposed
reorganization may be made except pursuant to the final Prospectus/Proxy
Statement. Shareholders will receive a final Prospectus/Proxy Statement in the
mail, on or around November 8, 2002. Shareholders should read it carefully
because it will contain important and more complete information about the
reorganization.