ASSET ALLOCATION TRUST

ASSET ALLOCATION TRUST

000 Xxxxxxxx Xxxxxx

Boston, Massachusetts 02116

September 15, 2005

Evergreen Service Company

000 Xxxxxxxx Xxxxxx

Boston, Massachusetts 02116

To Whom It May Concern:

Pursuant to Paragraph 1 of the Master Transfer and Recordkeeping Agreement dated September 18, 1997 between Evergreen Service Company and various Funds (the “Agreement”), as defined in the Agreement, this is to notify Evergreen Service Company that Asset Allocation Trust, a new open-end investment management company, hereby elects to become a Fund party to such Agreement.

                                                      ASSET ALLOCATION TRUST

                                                      By: _______________________________

                                                            Xxxxxxxxx X. Xxxxx

                                                            Assistant Secretary

Accepted and Agreed:

EVERGREEN SERVICE COMPANY

By:       ____________________________

Xxxxx Xxxxxxxx

President

Dated as of                                                       , 2005