PSBD-1-399
PSBD-1-399x
Chase Vista Bond Funds
Supplement Dated October 1, 1999
Class A, B, and C Shares
Prospectus Dated February 26, 1999
The first sentence of the second paragraph under the heading "Distribution and
Taxes" on page 49 of the prospectus is replaced with the following:
The Bond Fund, U.S. Treasury Fund, and U.S. Government Fund declare dividends on
a daily basis. The Strategic Income and Short-term Bond Funds declare dividends
on monthly basis. All Funds distribute the net investment income monthly.
The following paragraphs replace "The Portfolio Manager" section on page 41 of
the Prospectus:
Short-Term Bond Fund
The portfolio managers are Andrew Russell, a Vice President and Portfolio
Manager at Chase and Timothy Neumann. They have been responsible for the Fund
since June 1996 and October 1999 respectively. Mr. Russell joined Chase in 1990
and has held several positions within the U.S. fixed income area, including
portfolio analyst, taxable fixed-income trader and assistant trader. Mr Russell
is a member of the U.S. fixed income area's quantitative research team. Mr.
Neumann has been active in the asset management business since 1984 with
experience in both managing and trading fixed income portfolios. Before joining
Chase, Mr. Neumann was the portfolio manager for Lehman Brothers Global Asset
Management mortgage-backed securities accounts. Prior to Lehman, he managed
fixed income portfolios at Allstate Insurance.
U.S. Treasury Income Fund
A team of investment managers with Chase, led by Tim Neumann, is responsible for
the management of the U.S. Treasury Income Fund. Mr. Neumann has been
responsible for of the Fund since January 1997. Mr. Neumann has been active in
the asset management business since 1984 with experience in both managing and
trading fixed income portfolios. Before joining Chase, Mr. Neumann was the
portfolio manager for Lehman Brothers Global Asset Management mortgage-backed
securities accounts. Prior to Lehman, he managed fixed income portfolios at
Allstate Insurance.
U.S. Government Securities Fund
The portfolio managers are Michael Bennis, a Vice President and Senior Portfolio
Manager at Chase and Timothy Neumann. They have been responsible for the Fund
since December 1996 and October 1999 respectively. Before joining Chase in 1996,
Mr. Bennis was a senior analyst and trader at Union Bank of Switzerland Asset
Management. Prior to joining Union Bank of Switzerland, he was a fixed income
analyst at Donaldson, Lufkin & Jenrette.
Bond Fund
The portfolio managers are Mr. Russell and Mr. Neumann. Mr Russell has been
responsible for
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the Fund since May 1998. Mr Neumann has been responsible for the Funds since
October of 1999.
Strategic Income Fund
Craig Blessing and Leonard Lovito, a Vice president and Senior Portfolio Manager
at Chase, are responsible for the management of the Fund since it's inception.
Mr. Blessing joined Chase in 1996. Between 1992 and 1996, he was Director of the
Fund Management Group and Portfolio Manager for emerging market funds at Serfin
Securities, Inc. From 1985 to 1992, Mr. Blessing was a Vice President at Bank of
America, where he was a founding member and co-head of the Emerging Market Debt
Sales & Trading Group. Mr Lovito joined Chase in 1998. Prior to joining Chase,
from 1984 to 1998, Mr Lovito was Vice President at J & W Seligman & Co., Inc.
where he managed a number of fixed income portfolios and mutual funds. Prior to
joining Seligman, Mr Lovito was a senior Securities Administrator in the
investment department of the Dime Savings Bank of New York.
Bartlett R. Greer, a Senior Vice President of SSR, has been responsible for
management of the Fund's lower rated, high yield securities of U.S. issuers
since the Fund's inception. Mr. Greer joined SSR in 1981 and manages other
institutional accounts, including mutual funds, that invest in high yield and
other securities.
PSBD2-36-1099
