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PSCF1-1-499
Chase Funds
Supplement Dated September 16, 1999
Investor Shares
Prospectus Dated April 30, 1999
Core Equity Fund
Equity Growth Fund
Effective August 12, 1999, the Chase Core Equity Fund and the Chase Equity
Growth Fund will convert to a master/feeder structure. As of that date, each of
these two Funds will seek to achieve its investment objective by investing all
of its investable assets in a newly-created "master portfolio" which has
identical investment objectives and policies as the Fund. The Chase Manhattan
Bank is the investment advisor to each master portfolio and Chase Bank of
Texas, National Association is the sub-advisor to each master portfolio.
Small Capitalization Fund
On page 54 of the prospectus, second sentence of the note following the
"Annual Fund Operating Expenses" table should be replaced in its entirety by
the following: "The actual Management fee is currently expected to be 0.52%,
the Distribution Fees are expected to be 0.00%, Other expenses are expected to
be 0.73% and Total annual Fund operating expenses are expected not to exceed
1.25%"
CF2-36-999
