Chase Vista Southeast Asian Fund
Chase Vista Japan Fund
Chase Vista European Fund
Supplement dated July 1, 1998
To the Prospectus dated February 27, 1998
This supplement supersedes the prospectus supplement dated June 8, 1998.
The following replaces the fourth and fifth paragraphs in "Investment
Approaches" on page 8 and 9 of the Prospectus.
EUROPEAN FUND
The Fund will invest primarily in equity securities of companies with principal
business activities in countries located throughout Western Europe. Under
normal market conditions, the Fund will invest at least 65% of its total assets
in equity securities of European issuers.
The Fund's advisers seek to identify those Western European countries and
industries where economic and political factors are likely to produce
above-average growth rates. The Fund's advisers attempt to identify those
companies in such countries and industries that are best positioned and managed
to take advantage of these economic and political factors. Western European
countries in which the Fund may invest include Austria, Belgium, Denmark,
Germany, Finland, France, Greece, Ireland, Italy, Luxembourg, Netherlands,
Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom, as well as
other Western European countries that the Fund's advisers deem appropriate. The
Fund's advisers anticipate that the Fund generally will be invested in a number
of different Western European countries, although it may at times invest most
of its assets in a limited number of these countries.
The Fund may invest up to 8% of its total assets in equity securities of
companies located in emerging market European countries. These countries may
include Poland, the Czech Republic, Hungary, and other emerging market European
countries that the Fund's advisers deem appropriate.
VEJA-36-698
