MUTUAL FUND GROUP
497, 1998-07-29
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                     Chase Vista U.S. Treasury Income Fund
                         Supplement dated July 29, 1998
                   To the Prospectus dated February 27, 1998

The following supersedes the first and second paragraphs in the Portfolio
Manager section of the Prospectus on page 12 of the Fund's Prospectus:

"A team of investment managers with Chase led by Susan Huang, a Managing
Director and the Head of U.S. Fixed Income Management at Chase, is responsible
for the management of the U.S. Treasury Income Fund. Ms. Huang is responsible
for developing the asset allocation and risk management strategy for U.S. fixed
income portfolios, and managing the institutional U.S. fixed income assets under
management. Prior to joining Chase in 1995, Ms. Huang was Director of Insurance
Asset Management Group at Hyperion Capital Management, Inc. Prior to joining
Hyperion, Ms. Huang was a senior portfolio manager with CS First Boston. Prior
to joining CS First Boston in 1992, Ms. Huang spent 14 years at the Equitable,
where she was head of the U.S. fixed income management group at Equitable
Capital Management."

                                                                    CVUST-36-798



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