About Evergreen Investments

Evergreen Investments is the brand name under which Wachovia
Corporation (NYSE:WB) conducts its investment management business and
is a leading asset management firm serving more than four million
individual and institutional investors through a broad range of
investment products.com

Global Voices brings together hundreds and even thousands of
people during its 21st Century Town Meetings(R). At these meetings,
participants working in small groups with trained facilitators discuss
issues at length, exchange ideas and use wireless keypads to register
their opinions.

defending intellectually

S.

CalPERS is the nation's largest public pension fund with assets of
more than $186 billion. Evergreen Investments
manages more than $247 billion in assets (as of December 31, 2004 ).

exclusion contributing

"
In January 2005, the Global Voices methodology was used at the
World Economic Forum in Davos , where more than 5,000 global leaders
gathered to discuss the global agenda.

ipn nonviolence

The PCAOB, which
oversees the accounting profession, proposed to bar auditors from
advising clients about tax shelters and other money-saving measures. The System provides retirement and health
benefits to more than 1. Both Evergreen Special Values Fund
and Evergreen VA Special Values Fund, each managed by Evergreen
Investment 's Value Equity team, seek to provide growth of capital by
primarily investing in common stocks of small U.C.

citizenship exclusion

org

promising think

"Majority vote will give shareowners the power to hold directors
accountable for their actions and their performance, and elect the
best person for the job," said Rob Feckner , CalPERS Board President.calpers.
"We hope that our decision to advocate for majority vote will
strengthen the accountability of corporate directors in the best way,"
said Charles Valdes, Chair of CalPERS Investment Committee. companies that are,
in the opinion of the manager, undervalued according to various
financial measurements.

exclusion scientifically

Lukensmeyer said Global Voices will grow in scope over time as it
forms partnerships with organizations around the world that share a
commitment to citizen engagement and building stronger democracies.org

About AmericaSpeaks

AmericaSpeaks, based in Washington , D.

iwpr scientifically

Business Editors

SACRAMENTO, Calif.).S.

evaluate icpd

equity holdings that are part
of an internal Wilshire 2500 Index Fund."
As of February 28, 2005, Evergreen Small Cap Value Fund had $467
million in assets, with an additional $1.

accountable contributing

The CalPERS Board adopted a three-pronged plan to advocate
majority vote election procedures for corporate directors.pdf)(Due to its length, this URL may need to
be copied/pasted into your Internet browser's address field.gov

At this event, Lukensmeyer and
her team of trained facilitators provided support to these leaders
during a Global Town Hall in which they discussed and prioritized
world issues that most need their attention.

contributing intellectually

Under the plan, CalPERS will:

Seek to implement majority vote policies at individual
companies through company bylaw and charter amendments;

Pursue changes to state laws to implement majority vote where
feasible;

Seek to implement the majority vote concept at the Securities
and Exchange Commission and major stock exchanges; and

Amend CalPERS Corporate Governance Core Principles and
Guidelines to advocate majority votes for corporate directors.

icpd locked

calpers . Existing shareholders, including retirement plans currently
invested in the funds, may continue to add to their accounts through
exchanges and purchases.25% of
each fund's daily net assets attributable to Class A shares. Led by 350 investment professionals, Evergreen
Investments strives to meet client investment objectives through
disciplined, team-based asset management.

stake nonviolence

In a related action, CalPERS Board also adopted a staff
recommendation to use the recently released Public Company Accounting
Oversight Board (PCAOB) auditor independence proposals as a guideline
for the pension fund's proxy votes this season. "Therefore, we believe that under current
market conditions, limiting cash flows will optimize the results of
the fund. Evergreen Special Values Fund and Evergreen VA
Special Values Fund had $2.
For more information on Evergreen, please visit
www. and internationally on
such issues as policy development, budgeting, planning, and
multinational collaboration.

intellectually nonpartisan

The examples include
16 directors at nine corporations (See Investment Committee agenda,
Table 2:
http: //www.S.
"Both management teams look for undervalued small cap names, which
has become more challenging as the funds' have experienced strong
asset growth," said Dennis Ferro, Chief Executive Officer for
Evergreen Investments.

think intellectually

Evergreen to Restrict the Opening of New Accounts in Small Cap Value and Special Values Funds

Global Voices Offers High-Tech Approach to Strengthening Democracies Worldwide; Organization Led Global Town Hall at World Economic Forum in Davos

"Our model of deliberative democracy ensures that organizations and
governments gain valuable input from citizens on such issues as
budgeting , land use planning and policy development--input that leads
to more transparency, accountability and better decision-making.AmericaSpeaks.

ipn icpd

Remove
the extra space if one exists. In addition, Evergreen Investments will no
longer be accepting new institutional investors into separately
managed accounts for the small cap value strategies after April 8,
2005.

iwpr locked

Business Editors

BOSTON--- -Evergreen Investments
today announced plans to restrict the opening of new accounts in
Evergreen Small Cap Value Fund, Evergreen Special Values Fund and
Evergreen VA Special Values Fund after the close of business on April
8, 2005.
Evergreen Small Cap Value Fund, managed by investment
professionals at J.
For more information on Global Voices please visit
www.

exclusion think

gov/eip-docs/about/board-cal-agenda /agendas/
invest/200503/item09a3-02.
CalPERS will withhold proxy votes from auditors who violate the
proposed standards in the System's U. companies with market capitalizations falls within the
range of the Russell 2500 Index.8 billion in separately
managed accounts.

nonpartisan timely

ca., a
nonprofit that pioneered electronic town meetings to engage citizens
in public decision-making, today announced that it will make its
services available internationally under the Global Voices brand. Lukensmeyer , founder
and president of AmericaSpeaks and general manager of Global Voices.globalvoices. For more information, please visit:
www.

iwpr think

CalPERS to Seek Majority Vote for Corporate Directors; Pension Fund to use Public Company Accounting Oversight Board Auditor Independence Proposals as Guidelin

4 billion in combined assets, with an
additional $224 million in separately managed accounts. While the
funds remain restricted to new shareholders, Evergreen Investments
will reduce the Rule 12b-1 fees for the Class A shares of Evergreen
Small Cap Value Fund and Evergreen Special Values Fund to 0.

locked nonpartisan

Currently , a plurality vote system is used in most corporate
elections, in which directors can be elected by the vote of a single
share unless they are opposed by a dissident candidate. The Board also gave its
investment staff the power to vote against individual corporate audit
committee members where there are signs of egregious behavior.

truths citizenship

----The
California Public Employees' Retirement System (CalPERS ) today
embarked on a new frontier in its corporate governance program.

Plurality votes led to several situations in the 2004 proxy season
where directors received significantly less than 50 percent of the
shares voting yet remained on a company's Board.L.
"The strength of democracies everywhere depends on the level of
participation of its citizenry," said Carolyn J., is a nonprofit ,
nonpartisan organization that seeks to transform democracy by engaging
citizens more directly in the public decisions that impact their
lives.

icpd contributing

ca. For more information about CalPERS, please visit
www.S.evergreeninvestments.

Business Editors/Political Writers

WASHINGTON----AmericaSpeaks , Inc. Laptop computers are used to document key themes at
every table and the results are instantly shared with participants,
media and policy-makers and others in leadership positions.

nonviolence pirg

4 million State and local public employees and
their families. Since its founding in 1995, AmericaSpeaks has conducted its
21st Century Town Meetings(R) across the U.

think contributing

Kaplan Associates, LLC, seeks to provide
long -term growth of capital by primarily investing in common stocks of
small U. These leaders agreed that
poverty, equitable globalization, climate change, education, Middle
East and global governance merit the most attention.