<PAGE> PAGE 1
000 A000000 02/28/97
000 C000000 0001023772
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 MUTUAL FUND SELECT TRUST
001 B000000 811-07841
001 C000000 8006224273
002 A000000 101 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10178
003 000000 Y
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 4
007 C010100 1
007 C020100 VISTA SELECT INTERMEDIATE TAX FREE INCOME FND
007 C030100 N
007 C010200 2
007 C020200 VISTA SELECT TAX FREE INCOME FUND
007 C030200 N
007 C010300 3
007 C020300 VISTA SELECT NEW YORK TAX FREE INCOME FUND
007 C030300 N
007 C010400 4
007 C020400 VISTA SELECT NEW JERSEY TAX FREE INCOME FUND
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 THE CHASE MANHATTAN BANK
008 B00AA01 A
008 C00AA01 801-000000
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10017
008 A00AA02 CHASE ASSET MANAGEMENT, INC.
008 B00AA02 S
008 C00AA02 801-000000
008 D01AA02 NEW YORK
008 D02AA02 NY
<PAGE> PAGE 2
008 D03AA02 10036
010 A00AA01 THE CHASE MANAHATTAN BANK
010 C01AA01 ROCHESTER
010 C02AA01 NY
010 C03AA01 14643
011 A00AA01 VISTA FUND DISTRIBUTORS, INC.
011 B00AA01 8-00000000
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10178
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
015 A00AA01 THE CHASE MANHATTAN BANK
015 B00AA01 C
015 C01AA01 BROOKLYN
015 C02AA01 NY
015 C03AA01 11245
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 53
019 C00AA00 VISTAFAMIL
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 1ST ALABAMA
022 C000001 1254469
022 D000001 21146
022 A000002 PROVIDENT NATIONAL BANK
022 C000002 151075
022 D000002 96945
022 A000003 MERRILL LYNCH PIERCE FENNER AND SMITH
022 C000003 72580
022 D000003 76547
022 A000004 SMITH BARNEY HARRIS UPHAM
022 C000004 39389
022 D000004 0
022 A000005 MORGAN STANLEY & CO.
022 C000005 25830
022 D000005 13288
022 A000006 ALEX BROWN & SON
<PAGE> PAGE 3
022 C000006 10658
022 D000006 15170
022 A000007 PAINE WEBBER JACKSON & CURTIS
022 C000007 17736
022 D000007 5092
022 A000008 A.H. WILLIAMS
022 C000008 0
022 D000008 15505
022 A000009 BEAR STEARNS & CO.
022 C000009 10907
022 D000009 0
022 A000010 GREENWICH PTRS
022 C000010 7556
022 D000010 3267
023 C000000 1590200
023 D000000 246958
024 00AA00 N
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.300
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
<PAGE> PAGE 4
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 5000000
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
077 A000000 N
028 A010100 0
<PAGE> PAGE 5
028 A020100 0
028 A030100 0
028 A040100 0
028 B010100 0
028 B020100 0
028 B030100 0
028 B040100 0
028 C010100 0
028 C020100 0
028 C030100 0
028 C040100 0
028 D010100 0
028 D020100 0
028 D030100 0
028 D040100 0
028 E010100 10354
028 E020100 0
028 E030100 589072
028 E040100 11903
028 F010100 2487
028 F020100 2889
028 F030100 0
028 F040100 4675
028 G010100 12841
028 G020100 2889
028 G030100 589072
028 G040100 16578
028 H000100 0
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 2.7
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 97.3
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 35.3
064 A000100 N
064 B000100 N
070 A010100 Y
<PAGE> PAGE 6
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 109751
071 B000100 112539
071 C000100 617743
071 D000100 18
072 A000100 2
072 B000100 5639
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 303
072 G000100 151
072 H000100 0
072 I000100 0
072 J000100 28
072 K000100 0
072 L000100 1
<PAGE> PAGE 7
072 M000100 5
072 N000100 1
072 O000100 0
072 P000100 0
072 Q000100 5
072 R000100 4
072 S000100 0
072 T000100 0
072 U000100 2
072 V000100 0
072 W000100 1
072 X000100 501
072 Y000100 483
072 Z000100 5621
072AA000100 4951
072BB000100 0
072CC010100 31224
072CC020100 0
072DD010100 5663
072DD020100 0
072EE000100 0
073 A010100 0.0970
073 A020100 0.0000
073 B000100 0.0600
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 23705
074 D000100 599534
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 10315
074 K000100 14
074 L000100 8080
074 M000100 95
074 N000100 641743
074 O000100 14510
074 P000100 14
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 2862
074 S000100 0
074 T000100 624357
074 U010100 57964
074 U020100 0
074 V010100 10.77
<PAGE> PAGE 8
074 V020100 0.00
074 W000100 0.0000
074 X000100 8
074 Y000100 0
075 A000100 0
075 B000100 624609
076 000100 0.00
028 A010200 0
028 A020200 0
028 A030200 0
028 A040200 0
028 B010200 0
028 B020200 0
028 B030200 0
028 B040200 0
028 C010200 0
028 C020200 0
028 C030200 0
028 C040200 0
028 D010200 0
028 D020200 0
028 D030200 0
028 D040200 0
028 E010200 13365
028 E020200 0
028 E030200 631357
028 E040200 16298
028 F010200 5506
028 F020200 2955
028 F030200 0
028 F040200 5506
028 G010200 18871
028 G020200 2955
028 G030200 631357
028 G040200 21804
028 H000200 0
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 3.8
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 96.2
<PAGE> PAGE 9
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 37.4
064 A000200 N
064 B000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 Y
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 78988
071 B000200 63525
071 C000200 654625
071 D000200 10
072 A000200 2
072 B000200 6305
072 C000200 0
072 D000200 0
<PAGE> PAGE 10
072 E000200 0
072 F000200 318
072 G000200 159
072 H000200 0
072 I000200 0
072 J000200 26
072 K000200 0
072 L000200 1
072 M000200 5
072 N000200 1
072 O000200 0
072 P000200 0
072 Q000200 5
072 R000200 6
072 S000200 0
072 T000200 0
072 U000200 2
072 V000200 0
072 W000200 2
072 X000200 525
072 Y000200 504
072 Z000200 6284
072AA000200 750
072BB000200 0
072CC010200 24758
072CC020200 0
072DD010200 6234
072DD020200 0
072EE000200 0
073 A010200 0.0610
073 A020200 0.0000
073 B000200 0.0300
073 C000200 0.0000
074 A000200 1
074 B000200 0
074 C000200 16806
074 D000200 645648
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 10434
074 K000200 13
074 L000200 10230
074 M000200 100
074 N000200 683232
074 O000200 23124
074 P000200 13
074 Q000200 0
074 R010200 0
<PAGE> PAGE 11
074 R020200 0
074 R030200 0
074 R040200 3851
074 S000200 0
074 T000200 656244
074 U010200 102836
074 U020200 0
074 V010200 6.38
074 V020200 0.00
074 W000200 0.0000
074 X000200 8
074 Y000200 0
028 A010300 0
028 A020300 0
028 A030300 0
028 A040300 0
028 B010300 0
028 B020300 0
028 B030300 0
028 B040300 0
028 C010300 0
028 C020300 0
028 C030300 0
028 C040300 0
028 D010300 0
028 D020300 0
028 D030300 0
028 D040300 0
028 E010300 11267
028 E020300 0
028 E030300 194442
028 E040300 2713
028 F010300 3612
028 F020300 336
028 F030300 0
028 F040300 1262
028 G010300 14879
028 G020300 336
028 G030300 194442
028 G040300 3975
028 H000300 0
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 2.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
<PAGE> PAGE 12
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 98.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 11.7
064 A000300 N
064 B000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 Y
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 16010
071 B000300 4529
071 C000300 204983
<PAGE> PAGE 13
071 D000300 2
072 A000300 2
072 B000300 1951
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 101
072 G000300 51
072 H000300 0
072 I000300 0
072 J000300 14
072 K000300 0
072 L000300 1
072 M000300 1
072 N000300 1
072 O000300 0
072 P000300 0
072 Q000300 3
072 R000300 3
072 S000300 0
072 T000300 0
072 U000300 1
072 V000300 0
072 W000300 0
072 X000300 176
072 Y000300 166
072 Z000300 1941
072AA000300 225
072BB000300 0
072CC010300 9465
072CC020300 0
072DD010300 1915
072DD020300 0
072EE000300 0
073 A010300 0.0660
073 A020300 0.0000
073 B000300 0.0500
073 C000300 0.0000
074 A000300 5
074 B000300 0
074 C000300 5420
074 D000300 207427
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 7
074 L000300 3471
074 M000300 30
<PAGE> PAGE 14
074 N000300 216360
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 964
074 S000300 0
074 T000300 215396
074 U010300 30281
074 U020300 0
074 V010300 7.11
074 V020300 0.00
074 W000300 0.0000
074 X000300 8
074 Y000300 0
075 A000300 0
075 B000300 209476
076 000300 0.00
028 A010400 0
028 A020400 0
028 A030400 0
028 A040400 0
028 B010400 0
028 B020400 0
028 B030400 0
028 B040400 0
028 C010400 0
028 C020400 0
028 C030400 0
028 C040400 0
028 D010400 0
028 D020400 0
028 D030400 0
028 D040400 0
028 E010400 368
028 E020400 0
028 E030400 54025
028 E040400 185
028 F010400 979
028 F020400 265
028 F030400 0
028 F040400 435
028 G010400 1347
028 G020400 265
028 G030400 54028
028 G040400 620
028 H000400 0
062 A000400 Y
062 B000400 0.0
<PAGE> PAGE 15
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 2.5
062 M000400 0.0
062 N000400 0.0
062 O000400 97.5
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 8.1
064 A000400 N
064 B000400 N
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
<PAGE> PAGE 16
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 2714
071 B000400 2306
071 C000400 58114
071 D000400 4
072 A000400 2
072 B000400 530
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 28
072 G000400 14
072 H000400 0
072 I000400 0
072 J000400 5
072 K000400 0
072 L000400 1
072 M000400 0
072 N000400 1
072 O000400 0
072 P000400 0
072 Q000400 1
072 R000400 2
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 1
072 X000400 53
072 Y000400 52
072 Z000400 529
072AA000400 53
072BB000400 0
072CC010400 2921
072CC020400 0
072DD010400 531
072DD020400 0
072EE000400 0
073 A010400 0.0920
073 A020400 0.0000
073 B000400 0.0500
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 1623
074 D000400 57483
074 E000400 0
<PAGE> PAGE 17
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 7
074 L000400 783
074 M000400 0
074 N000400 59896
074 O000400 1546
074 P000400 2
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 359
074 S000400 0
074 T000400 57989
074 U010400 5798
074 U020400 0
074 V010400 10.00
074 V020400 0.00
074 W000400 0.0000
074 X000400 7
074 Y000400 0
075 A000400 0
075 B000400 574115
076 000400 0.00
SIGNATURE DEAN B. HARRIS
TITLE 2VP
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001023772
<NAME> VISTA SELECT INTERMEDIATE TAX FREE INCOME FUND
<SERIES>
<NUMBER> 010
<NAME> VISTA SELECT INTERMEDIATE TAX FREE INCOME FUND
<S> <C>
<PERIOD-TYPE> 2-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 592,014,358
<INVESTMENTS-AT-VALUE> 623,238,521
<RECEIVABLES> 18,409,546
<ASSETS-OTHER> 54,443
<OTHER-ITEMS-ASSETS> 40,470
<TOTAL-ASSETS> 641,742,980
<PAYABLE-FOR-SECURITIES> 14,510,138
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,876,047
<TOTAL-LIABILITIES> 17,386,185
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 588,223,359
<SHARES-COMMON-STOCK> 57,964,313
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (41,915)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,951,188
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 31,224,163
<NET-ASSETS> 624,356,795
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,638,967
<OTHER-INCOME> 0
<EXPENSES-NET> 18,174
<NET-INVESTMENT-INCOME> 5,620,793
<REALIZED-GAINS-CURRENT> 4,951,188
<APPREC-INCREASE-CURRENT> 31,224,163
<NET-CHANGE-FROM-OPS> 41,796,144
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,662,708
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 59,243,380
<NUMBER-OF-SHARES-REDEEMED> 1,548,277
<SHARES-REINVESTED> 269,210
<NET-CHANGE-IN-ASSETS> 624,356,795
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 302,822
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 501,025
<AVERAGE-NET-ASSETS> 624,608,945
<PER-SHARE-NAV-BEGIN> 10.71
<PER-SHARE-NII> .097
<PER-SHARE-GAIN-APPREC> .06
<PER-SHARE-DIVIDEND> .097
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.77
<EXPENSE-RATIO> .02
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001023772
<NAME> VISTA SELECT TAX FREE INCOME FUND
<SERIES>
<NUMBER> 020
<NAME> VISTA SELECT TAX FREE INCOME FUND
<S> <C>
<PERIOD-TYPE> 2-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 637,695,951
<INVESTMENTS-AT-VALUE> 662,454,155
<RECEIVABLES> 20,676,434
<ASSETS-OTHER> 47,389
<OTHER-ITEMS-ASSETS> 53,902
<TOTAL-ASSETS> 683,231,880
<PAYABLE-FOR-SECURITIES> 23,124,239
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,863,163
<TOTAL-LIABILITIES> 26,987,402
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 630,687,045
<SHARES-COMMON-STOCK> 102,836,402
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 49,594
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 749,635
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 24,758,204
<NET-ASSETS> 656,244,478
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6,305,218
<OTHER-INCOME> 0
<EXPENSES-NET> 21,210
<NET-INVESTMENT-INCOME> 6,284,008
<REALIZED-GAINS-CURRENT> 749,635
<APPREC-INCREASE-CURRENT> 24,758,204
<NET-CHANGE-FROM-OPS> 31,791,847
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,234,414
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 105,918,763
<NUMBER-OF-SHARES-REDEEMED> 3,546,986
<SHARES-REINVESTED> 464,635
<NET-CHANGE-IN-ASSETS> 656,244,478
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 318,186
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 524,769
<AVERAGE-NET-ASSETS> 655,750,425
<PER-SHARE-NAV-BEGIN> 6.35
<PER-SHARE-NII> .061
<PER-SHARE-GAIN-APPREC> .03
<PER-SHARE-DIVIDEND> .061
<PER-SHARE-DISTRIBUTIONS> .0
<RETURNS-OF-CAPITAL> .0
<PER-SHARE-NAV-END> 6.38
<EXPENSE-RATIO> .02
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001023772
<NAME> VISTA SELECT NEW YORK TAX FREE INCOME FUND
<SERIES>
<NUMBER> 030
<NAME> VISTA SELECT NEW YORK TAX FREE INCOME FUND
<S> <C>
<PERIOD-TYPE> 2-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 203,382,020
<INVESTMENTS-AT-VALUE> 212,846,602
<RECEIVABLES> 3,477,355
<ASSETS-OTHER> 14,416
<OTHER-ITEMS-ASSETS> 21,419
<TOTAL-ASSETS> 216,359,792
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 964,026
<TOTAL-LIABILITIES> 964,026
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 205,681,106
<SHARES-COMMON-STOCK> 30,281,131
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 25,549
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 224,529
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9,464,582
<NET-ASSETS> 215,395,766
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,951,039
<OTHER-INCOME> 0
<EXPENSES-NET> 10,137
<NET-INVESTMENT-INCOME> 1,940,902
<REALIZED-GAINS-CURRENT> 224,529
<APPREC-INCREASE-CURRENT> 9,464,582
<NET-CHANGE-FROM-OPS> 11,630,013
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,915,353
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 30,795,344
<NUMBER-OF-SHARES-REDEEMED> 561,610
<SHARES-REINVESTED> 47,397
<NET-CHANGE-IN-ASSETS> 215,395,766
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 101,481
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 176,367
<AVERAGE-NET-ASSETS> 209,476,133
<PER-SHARE-NAV-BEGIN> 7.06
<PER-SHARE-NII> .066
<PER-SHARE-GAIN-APPREC> .05
<PER-SHARE-DIVIDEND> .065
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 7.11
<EXPENSE-RATIO> .030
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001023772
<NAME> VISTA SELECT NEW JERSEY TAX FREE INCOME FUND
<SERIES>
<NUMBER> 040
<NAME> VISTA SELECT NEW JERSEY TAX FREE INCOME FUND
<S> <C>
<PERIOD-TYPE> 2-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 56,185,130
<INVESTMENTS-AT-VALUE> 59,106,466
<RECEIVABLES> 775,143
<ASSETS-OTHER> 9,359
<OTHER-ITEMS-ASSETS> 7,345
<TOTAL-ASSETS> 59,898,313
<PAYABLE-FOR-SECURITIES> 1,545,763
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 363,208
<TOTAL-LIABILITIES> 1,908,971
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 55,017,090
<SHARES-COMMON-STOCK> 5,797,632
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (1,949)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 52,865
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,921,336
<NET-ASSETS> 57,989,342
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 530,110
<OTHER-INCOME> 0
<EXPENSES-NET> 1,480
<NET-INVESTMENT-INCOME> 528,630
<REALIZED-GAINS-CURRENT> 52,865
<APPREC-INCREASE-CURRENT> 2,921,336
<NET-CHANGE-FROM-OPS> 3,502,831
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 530,579
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,833,236
<NUMBER-OF-SHARES-REDEEMED> 62,172
<SHARES-REINVESTED> 26,568
<NET-CHANGE-IN-ASSETS> 57,989,342
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 27,698
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 52,910
<AVERAGE-NET-ASSETS> 57,114,698
<PER-SHARE-NAV-BEGIN> 9.95
<PER-SHARE-NII> .092
<PER-SHARE-GAIN-APPREC> .051
<PER-SHARE-DIVIDEND> .093
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.00
<EXPENSE-RATIO> .020
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
