Chase Vista Latin American Equity Fund
Supplement dated June 8, 1998
To the Prospectus dated March 13, 1998
In the section of the Prospectus entitled "Expense Summary," the following
tables are inserted in lieu of the existing tables:
EXPENSE SUMMARY
Expenses are one of several factors to consider when investing. The following
table summarizes your costs from investing in the Fund based on estimated
expenses for the current fiscal year. The examples show the cumulative expenses
attributable to a hypothetical $1,000 investment over specified periods.
<TABLE>
<CAPTION>
Class A Class B
Shares Shares
------ ----
<S> <C> <C>
SHAREHOLDER TRANSACTION EXPENSES
Maximum Sales Charge Imposed on Purchases (as a percentage of
offering price) .............................................. 5.75% None
Maximum Deferred Sales Charge (as a percentage of the lower of
original purchase price or redemption proceeds)* ............. None 5.00%
ANNUAL FUND OPERATING EXPENSES
(as a percentage of average net assets)
Investment Advisory Fee (after waivers)** ...................... 0.00% 0.00%
12b-1 Fee*** ................................................... 0.25% 0.75%
Shareholder Servicing Fee ...................................... 0.00%** 0.25%
Other Expenses (after waivers and reimbursements)** ............ 1.50% 1.50%
---- ----
Total Fund Operating Expenses
(after waivers of fees and expense reimbursements)** ......... 1.75% 2.50%
==== ====
EXAMPLES
Your investment of $1,000 would incur the
following expenses, assuming 5% annual return: 1 Year 3 Years
------ -------
Class A Shares+ .............................. $72 $102
Class B Shares:
Assuming complete redemption at the end of
the period++ .............................. $77 $110
Assuming no redemptions ..................... $25 $ 78
</TABLE>
* The maximum deferred sales charge on Class B shares applies to
redemptions during the first year after purchase; the charge generally
declines by 1% annually thereafter (except in the fourth year),
reaching zero after six years. See "How to Buy, Sell and Exchange
Shares."
** Reflects current fee waiver and expense reimbursement arrangements to
maintain Total Fund Operating Expenses at the levels indicated in the
table above. Absent such arrangements, the Investment Advisory Fee and
Other Expenses would be 1.00%, and 1.65% respectively, for Class A and
Class B shares, the Shareholder Servicing Fee for Class A shares would
be 0.25% and Total Fund Operating Expenses would be 3.15% and 3.65% for
Class A and Class B shares, respectively.
*** Long-term shareholders in mutual funds with 12b-1 fees, such as Class A
and Class B shareholders of the Fund, may pay more than the economic
equivalent of the maximum front-end sales charge permitted by rules of
the National Association of Securities Dealers, Inc.
+ Assumes deduction at the time of purchase of the maximum sales
charge.
++ Assumes deduction at the time of redemption of the maximum applicable
deferred sales charge.
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<PAGE>
The table is provided to help you understand the expenses of investing in the
Fund and your share of the operating expenses that the Fund incurs. The examples
should not be considered representations of past or future expenses or returns;
actual expenses and returns may be greater or less than shown.
Charges or credits, not reflected in the expense table above, may be incurred
directly by customers of financial institutions in connection with investments
in the Fund. The Fund understands that Shareholder Servicing Agents may credit
to the accounts of their customers from whom they are already receiving other
fees amounts not exceeding such other fees or the fees received by the
Shareholder Servicing Agent from the Fund with respect to those accounts. See
"Other Information Concerning the Fund."
VLAE 36-698
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