Chase Vista Equity Funds
Small Cap Equity Fund
Supplement Dated August 19, 1999
Institutional Class Shares --
Prospectus Dated June 1, 1999
In the "The Fund's main investment strategy" section on page 1 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).
The following paragraphs replace "The Portfolio Managers" section on page 8 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).
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).
EQI-36-900
