Chase Vista Select Funds
Supplement Dated November 1, 2000
Prospectus Dated February 28, 2000 (revised August 1, 2000)
On October 24, 2000, the Board of Trustees of the Chase Vista Select Fund
approved the following reorganization:
Current Fund Successor Fund
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Chase Vista Select Short Term Bond Fund Chase Vista Short Term Bond Fund
Shareholders of record of the Current Fund as of November 10, 2000 will be
mailed a proxy statement giving them the opportunity to vote on the proposed
reorganization at a special shareholders' meeting on January 26, 2001. Under the
proposal, the Current Fund will transfer all of its assets and liabilities to
the Successor Fund listed above in exchange for shares of the Successor Fund. As
a result, the Current Fund shareholders would receive a number of Institutional
Class Shares of the Successor Fund with a total net asset value equal on the
date of the exchange to the total net asset value of the shareholders' Current
Fund shares. If approved by the shareholders, the reorganization will take place
on Monday, February 19, 2001 or another date recommended by the Board of
Trustees of the Chase Vista Select Funds.