Chase Vista Equity Funds
Supplement Dated August 19, 1999
Class A, Class B and Class C Shares --
Prospectus Dated February 26, 1999
FOCUS FUND
In the "The Fund's main investment strategy" section, which begins on page 33
of the Prospectus, the last sentence of the third paragraph is deleted.
CAPITAL GROWTH FUND
In the "The Fund's main investment strategy" section on page 39 of the
Prospectus, in the second paragraph, the market capitalization will change to
$1 billion to $10 billion at the time of purchase.
SMALL CAP EQUITY FUND
In the "The Fund's main investment strategy" section on page 46 of the
Prospectus, in the first paragraph, the market capitalization will change to
$1.5 billion or less at the time of purchase (small cap companies).
SMALL CAP OPPORTUNITIES FUND
In the "The Fund's main investment strategy" section on page 53 of the
Prospectus, in the first paragraph, the market capitalization will change to
$1.5 billion or less at the time of purchase. The last sentence of the first
paragraph will also change to $1.5 billion.
The following paragraphs replace "The Portfolio Managers" section on page 61 of
the Prospectus:
Henry Lartigue, Chief Investment Officer at Chase, is responsible for asset
allocation and investment strategy for Chase's U.S. domestic equity portfolios.
Mr. Lartigue began his career as a securities analyst at Chase in 1984. Mr.
Lartigue then worked as an independent registered investment advisor, from July
1992 to June 1994, when he returned to Chase. He is also Portfolio Manager of
Chase Equity Growth Fund (since 1994) and Co-Manager of Chase Balanced Fund
(since 1994) and Chase Core Equity Fund (since 1996).
BALANCED FUND
Mr. Lartigue and John Miller, Senior Portfolio Manager at Chase, are
responsible for management of the Fund's portfolio. Mr. Miller, who is
responsible for the debt portion of the Fund, joined Chase in 1986. Prior to
joining Chase Mr. Miller held a position as Vice President, Portfolio Manager
for AMEV Advisors, Inc. Before that he held positions as an investment and
credit manager. Both have been managing the Fund since August 1999. Mr. Miller
is also Portfolio Manager of Chase U.S. Government Securities Fund (since 1995)
and Chase Income Fund (since 1994).
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EQUITY INCOME FUND
Robert Heintz, Director of Equity Management, Research and Trading at Chase, is
responsible for management of the Fund's portfolio. Mr. Heintz has worked at
Chase since 1983 in an investment management position. Before joining Chase he
worked at the Bank of New York as a Portfolio Manager. Mr. Heintz has been
managing the Fund since August 1999. He is also Portfolio Manager of Chase
Equity Income Fund (since 1988).
LARGE CAP EQUITY FUND
Mr. Heintz is responsible for management of the Fund's portfolio. Mr. Heintz
has been managing the Fund since August 1999.
GROWTH AND INCOME FUND
Mr. Heintz and Steve O'Keefe, Portfolio Manager at Chase, are responsible for
management of the Fund's portfolio. Mr. O'Keefe joined Chase in 1989. Prior to
joining Chase, he held a position as Quantitative Analyst for the investment
division of American General. Both have been managing the Fund since August
1999.
FOCUS FUND
Mr. Lartigue and Mr. Heintz are responsible for management of the Fund's
portfolio. Both have been managing the Fund since August 1999.
CAPITAL GROWTH FUND
Mr. Heintz and Chris Matlock, Portfolio Manager at Chase, are responsible for
management of the Fund's portfolio. Mr. Matlock has worked at Chase since 1994
in numerous investment management roles. Prior to joining Chase he worked at
Hollywood Marine, Inc. and KPMG Peat Marwick in an investment management and
finance capacity. Both have been managing the Fund since August 1999.
SMALL CAP EQUITY FUND
Mr. Lartigue and Juliet Ellis, Senior Portfolio Manager at Chase, are
responsible for management of the Fund's portfolio. Ms. Ellis has worked for
Chase since 1987 as an analyst and portfolio manager. Before joining Chase she
worked for Merrill Lynch, Pierce, Fenner & Smith as a financial consultant.
Both have been managing the Fund since August 1999. Ms. Ellis is also Portfolio
Manager of Chase Small Capitalization Fund (since 1993).
SMALL CAP OPPORTUNITIES FUND
Ms. Ellis and Mr. Lartigue are responsible for management of the Fund's
portfolio. Both have been managing the Fund since August 1999.
EQ-36-899
