VISTA BALANCED FUND
VISTA BOND FUND
VISTA CAPITAL GROWTH FUND
VISTA EQUITY INCOME FUND
VISTA EUROPEAN FUND
VISTA GROWTH AND INCOME FUND
VISTA INTERNATIONAL EQUITY FUND
VISTA JAPAN FUND
VISTA LARGE CAP EQUITY FUND
VISTA SMALL CAP EQUITY FUND
VISTA SOUTHEAST ASIAN FUND
VISTA U.S. TREASURY INCOME FUND
SUPPLEMENT DATED OCTOBER 8, 1997
TO THE PROSPECTUS FOR CLASS A AND B SHARES
DATED FEBRUARY 28, 1997
VISTA SHORT-TERM BOND FUND
VISTA U.S. GOVERNMENT SECURITIES FUND
SUPPLEMENT DATED OCTOBER 8, 1997
TO THE PROSPECTUS FOR CLASS A SHARES
DATED FEBRUARY 28, 1997
VISTA SMALL CAP OPPORTUNITIES FUND
SUPPLEMENT DATED OCTOBER 8, 1997
TO THE PROSPECTUS FOR CLASS A AND B SHARES
DATED MAY 19, 1997
In the section entitled "Distribution Plans," the following paragraph is
inserted immediately preceding "Shareholder Servicing Agents":
VFD may from time to time, pursuant to objective criteria established by
it, pay additional compensation to qualifying authorized broker-dealers
for certain services or activities which are primarily intended to
result in sales of shares of the Fund. In some instances, such cash
compensation may be offered only to certain broker-dealers who employ
registered representatives who have sold or may sell significant amounts
of shares of the Fund and/or other Vista Funds during a specified period
of time. Such compensation does not represent an additional expense to
the Fund or its shareholders, since it will be paid by VFD out of
compensation retained by it from the Fund or other sources available to
it.