Chase Vista Select Funds
Supplement Dated August 19, 1999
Prospectus Dated June 1, 1999
SELECT SMALL CAP VALUE FUND
In the "The Fund's main investment strategy" section on page 54 of the
Prospectus, in the first paragraph, the market capitalization will change to
$1.5 billion or less at the time of purchase.
The following paragraphs replace "The Portfolio Managers" section on page 68 of
the Prospectus:
Henry Lartigue, Chief Investment Officer at Chase, is responsible for asset
allocation and investment strategy for Chase's U.S. domestic equity portfolios.
He began his career as a securities analyst at Chase in 1984. Mr. Lartigue then
worked as an independent registered investment advisor, from July 1992 to June
1994, when he returned to Chase. He is also Portfolio Manager of Chase Equity
Growth Fund (since 1994) and Co-Manager of Chase Balanced Fund (since 1994) and
Chase Core Equity Fund (since 1996).
SELECT BALANCED FUND
Mr. Lartigue and John Miller, Senior Portfolio Manager at Chase, are
responsible for management of the Fund's portfolio. Mr. Miller, who is
responsible for the debt portion of the Fund, joined Chase in 1986. Prior to
joining Chase Mr. Miller held a position as Vice President, Portfolio Manager
for AMEV Advisors, Inc. Before that he held positions as an investment and
credit manager. Both have been managing the Fund since August 1999. Mr. Miller
is also Portfolio Manager of Chase U.S. Government Securities Fund (since 1995)
and Chase Income Fund (since 1994).
SELECT EQUITY INCOME FUND
Robert Heintz, Director of Equity Management, Research and Trading at Chase, is
responsible for management of the Fund's portfolio. He has worked at Chase
since 1983 in an investment management position. Before joining Chase he worked
at the Bank of New York as a Portfolio Manager. Mr. Heintz has been managing
the Fund since August 1999. He is also Portfolio Manager of Chase Equity Income
Fund (since its inception in 1988).
SELECT LARGE CAP EQUITY FUND
Mr. Lartigue and Jeff Phelps, Portfolio Manager at Chase, are responsible for
management of the Fund's portfolio. Mr. Phelps joined Chase in 1997. Prior to
joining Chase Mr. Phelps was employed by Houston
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Industries. Both have been managing the Fund since August 1999. Mr. Phelps is
also a Co-Manager of Chase Core Equity Fund (since 1999).
SELECT LARGE CAP GROWTH FUND
Mr. Lartigue is responsible for management of the Fund's portfolio. He has been
managing the Fund since August 1999.
SELECT NEW GROWTH OPPORTUNITIES FUND
Mr. Lartigue is responsible for management of the Fund's portfolio. He has been
managing the Fund since August 1999.
SELECT SMALL CAP VALUE FUND
Mr. Heintz and Juliet Ellis, Senior Portfolio Manager for Chase, are
responsible for management of the Fund's portfolio. Ms. Ellis has worked for
Chase since 1987 as an analyst and portfolio manager. Before joining Chase she
worked for Merrill Lynch, Pierce, Fenner & Smith as a financial consultant.
Both have been managing the Fund since August 1999. Ms. Ellis is also Portfolio
Manager of Chase Small Capitalization Fund (since 1993).
SCVS-36-899
