MUTUAL FUND GROUP/MA, 485BPOS, 2000-12-29

MUTUAL FUND GROUP/MA
485BPOS, 2000-12-29

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<PAGE>

File No. 811-5151
Registration No. 33-14196
--------------------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

------------------

FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 |_|

Pre-Effective Amendment No. |_|

Post-Effective Amendment No. 70 |X|

and

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 |_|

Post-Effective Amendment No. 109 |X|
-------------------------------

MUTUAL FUND GROUP
(Exact Name of Registrant as Specified in Charter)

1211 Avenue of the Americas
New York, New York 10036
--------------------------------------------------
(Address of Principal Executive Office)

Registrant's Telephone Number, including Area Code: (212) 492-1600

George Martinez, Esq. Peter Eldridge, Esq. Sarah Cogan, Esq.
BISYS Fund Services, Inc. Chase Manhattan Bank Simpson Thacher & Bartlett
3435 Stelzer Road 270 Park Avenue 425 Lexington Avenue
Columbus, Ohio 43219 New York, New York 10017 New York, New York 10017
--------------------------------------------------------------------------------

(Name and Address of Agent for Service)

It is proposed that this filing will become effective:

<PAGE>

|X| immediately upon filing pursuant to |_| on ( ) pursuant to
paragraph (b) paragraph (b)
|_| 60 days after filing pursuant to |_| on ( ) pursuant to
paragraph (a)(1) paragraph (a)(1)
|_| 75 days after filing pursuant to |_| on ( ) pursuant to
paragraph (a)(2) paragraph (a)(2) rule 485.

If appropriate, check the following box:

|X| this post-effective amendment designates a new effective date for a
previously filed post-effective amendment.

------------------

The Registrant has registered an indefinite number or amount of its shares of
common stock for each of its series under the Securities Act of 1933 pursuant to
Rule 24f-2 under the Investment Company Act of 1940 on July 18, 1994 and
Registrant's Rule 24f-2 Notice for the fiscal year ended October 31, 1999 was
filed on January 19, 2000.

<PAGE>

PROSPECTUS
DECEMBER 29, 2000
--------------------------------------------------------------------------------

CHASE VISTA
EQUITY FUNDS

GLOBAL LIFE THIS PROSPECTUS OFFERS:
SCIENCES FUND

CLASS A, CLASS B AND CLASS C SHARES

[GRAPHIC] THE SECURITIES AND
EXCHANGE COMMISSION
HAS NOT APPROVED OR
DISAPPROVED THESE
SECURITIES OR DETERMINED
IF THIS PROSPECTUS IS
TRUTHFUL OR COMPLETE.
ANY REPRESENTATION TO
THE CONTRARY IS A CRIMINAL
OFFENSE.

[LOGO] CHASE
THE RIGHT RELATIONSHIP IS EVERYTHING.-Registered Trademark-

<PAGE>

<TABLE>
<S> <C>
GLOBAL LIFE SCIENCES FUND 1

THE FUND'S INVESTMENT ADVISER 6

HOW YOUR ACCOUNT WORKS 7

BUYING FUND SHARES 10
SELLING FUND SHARES 12
EXCHANGING FUND SHARES 12
OTHER INFORMATION CONCERNING THE FUND 13
DISTRIBUTIONS AND TAXES 14

SHAREHOLDER SERVICES 16

WHAT THE TERMS MEAN 17

HOW TO REACH US BACK COVER
</TABLE>

<PAGE>

CHASE GLOBAL LIFE SCIENCES FUND

THE FUND'S OBJECTIVE

The Fund will seek capital appreciation.

THE FUND'S MAIN
INVESTMENT STRATEGY

Under normal market conditions, the Fund will invest at least 65% of its total
assets in equity securities of domestic and foreign companies in the Life
Sciences sector. Up to 35% of the Fund's total assets may be invested in
foreign securities. These investments may take the form of depository receipts.
The Fund will invest in equity securities of companies with various market
capitalizations, including large, mid and small capitalizations.

Equity securities include common stocks, preferred stocks, securities that are
convertible into common or preferred stocks and warrants to buy common stocks.
The major portion of the Fund's assets will be invested in equity securities
that are traded on a securities exchange or over-the-counter market, although
the Fund may also invest in privately placed securities.

The Life Sciences sector consists of companies which provide products and
services for the advancement of medical science and healthcare. The Fund will
seek to invest in the following types of investments in the life sciences
industry:

- fully integrated pharmaceutical companies,
- emerging bio-pharmaceutical companies,
- companies creating or supplying enabling technologies for drug discovery
(such as functional genomics or high-through screening)

The Fund will also attempt to identify and invest in companies that will be
leaders in the various stages of analysis that flow from gene discovery and be
most favorably impacted by new information, data and the application of new
techniques. The Fund also will invest in other "leading edge" healthcare
sectors, including those involving medical device companies, information
technology and service companies. The companies in these sectors generally focus
on increasing consumer knowledge, maintaining or improving quality of life, such
as health care, medical diagnostics, nuclear and biochemical research, nutrition
and personal hygiene.

The Fund's advisers perform quantitative analysis and fundamental research in an
attempt to identify companies with the best growth potential within the Life
Science sector. They may look at growth-oriented factors, such as projected
earnings growth, improved earnings characteristics or price momentum, product or
service leadership and strong management.

The Fund will sell securities if its advisers believe the issuer of such
securities no longer meets certain growth criteria or if they believe that more
attractive opportunities are available.

1
<PAGE>

CHASE GLOBAL LIFE SCIENCES FUND

the markets and issuers. They will decide how much to invest in the securities
of a particular currency or country by evaluating the yield and potential growth
of an investment, as well as the relationship between the currency and the U.S.
dollar. They may increase or decrease the emphasis on a type of security,
industry, country or currency, based on their analysis of a variety of economic
factors, including fundamental economic strength, earnings growth, quality of
management, industry growth, credit quality and interest rate trends. The Fund
may purchase securities where the issuer is located in one country but the
security is denominated in the currency of another. The Fund also may invest
in convertible securities, which generally pay interest or dividends and which
can be converted into common or preferred stock. Up to 15% of the Fund's
total assets may consist of privately placed securities.

Although the Fund intends to invest primarily in equity securities, under normal
market conditions it may invest up to 35% of its total assets in
investment-grade debt securities, high-quality money market instruments and
repurchase agreements. To temporarily defend its assets, the Fund may put any
amount of its assets in high-quality money market instruments and repurchase
agreements. During unusual market conditions, the Fund may invest up to 20% of
its assets in U.S. Government debt securities.

The Fund may invest in derivatives, which are financial instruments whose value
is based on another security, index or exchange rate. The Fund may use
derivatives to hedge various market risks or to increase the Fund's income or
gain.

The Fund may change any of these investment policies (including its investment
objective) without shareholder approval.

THE FUND'S MAIN
INVESTMENT RISKS

All mutual funds carry a certain amount of risk. You may lose money on your
investment in the Fund. Here are some specific risks of investing in the Global
Life Sciences Fund.

The Fund may not achieve its objective if the advisers' expectations regarding
particular securities or markets are not met.

The value of shares of the Fund will be influenced by conditions in the stock
market as well as the performance of companies selected for the Fund's
portfolio.

The Fund may not achieve its objective if companies which the advisers believe
will experience earnings growth do not grow as expected.

The Fund's focus on investments in the life sciences and healthcare care
sectors makes it susceptible to factors affecting such sectors. In particular,
companies in the Fund's portfolio may react similarly to market developments,
such as changes in investor preferences, government regulation and
technological advances. This may result in greater volatility in the Fund's
net asset value.

Investing in life sciences and healthcare sectors exposes the Fund to special
risks. For example, many companies in these sectors are subject to significant
government regulation and their stock price may be dependent on regulatory
approval of licenses, patents, grants, subsidies and other governmental action.
Changes in government funding, new or changing legislation and advances in
technology could cause the Fund's returns to suffer. In addition, as technology
advances, many products and services offered by companies in the life sciences
and healthcare industries could become obsolete. This obsolescence could affect
the value of such

2
<PAGE>

companies' securities and could reduce the Fund's net asset value. Many life
sciences companies have limited operating histories, meaning projections based
on historical information could be less reliable that projections for more
experienced companies.

Because the Fund may invest in small companies, the value of your investment may
fluctuate more dramatically than an investment in a fund which does not invest
in small companies. That is because small companies trade less frequently and in
smaller volumes, which may lead to more volatility in the prices of their
securities. Small companies may have limited product lines, markets and
financial resources, and they may depend on a small management group.

Investments in foreign issuers may be riskier than investments in the United
States. Since foreign securities are normally denominated and traded in foreign
currencies, the value of the Fund's foreign holdings can be affected by currency
exchange rates and exchange control regulations. Foreign securities may be
affected by political, social and economic instability. Some securities may be
harder to trade without incurring a loss and may be difficult to convert into
cash. There may be less public information available, differing settlement
procedures, or regulations and standards that don't match U.S. standards. Some
countries may nationalize or expropriate assets or impose exchange controls.
These risks increase when investing in issuers located in developing countries.

Unsponsored depositary receipts may not provide as much information about the
underlying issuer and may not carry the same voting privileges as sponsored
depositary receipts.

In early 1999, the European Monetary Union implemented a new currency called the
"euro". It is possible that the euro could increase volatility in financial
markets, which could have a negative effect on the value of shares of the Fund.

If the Fund invests a substantial portion of its assets in money market
instruments, repurchase agreements and U.S. Government debt, including when the
Fund is investing for temporary defensive purposes, it could reduce the Fund's
potential returns.

Derivatives may be more risky than other types of investments because they
respond more to changes in economic conditions than other types of investments.
If they are used for non-hedging purposes, they could cause losses that exceed
the Fund's original investment.

The Fund is not diversified. It will invest a greater percentage of its assets
in a particular issuer or groups of issuers than a diversified fund would. That
makes the value of its shares more sensitive to economic problems among those
issuing securities.

The Fund may have to sell stocks at a loss in order to fund shareholder
redemptions. Redemptions are more likely to occur when prices of life sciences
and healthcare companies are declining and prices of these securities may fall
more rapidly than those of other securities.

The Fund may invest in privately placed securities. Such securities generally
are less liquid than publicly traded securities and, the Fund may not always be
able to sell such securities without experiencing delays in finding buyers or
reducing the sale price for such securities.

3
<PAGE>

CHASE GLOBAL LIFE SCIENCES FUND

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold
shares of the Fund.

SHAREHOLDER FEES (FEES PAID DIRECTLY FROM YOUR INVESTMENT)

MAXIMUM SALES CHARGE MAXIMUM DEFERRED SALES CHARGE
(LOAD) WHEN YOU BUY (LOAD) SHOWN AS LOWER OF
SHARES, SHOWN AS % OF THE ORIGINAL PURCHASE PRICE OR
OFFERING PRICE(1) REDEMPTION PROCEEDS
---------------------------------------------------------------------------------------
<S> <C> <C>
CLASS A SHARES 5.75% NONE
---------------------------------------------------------------------------------------
CLASS B SHARES NONE 5.00%
---------------------------------------------------------------------------------------
CLASS C SHARES NONE 1.00%
---------------------------------------------------------------------------------------
</TABLE>

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT ARE DEDUCTED FROM FUND ASSETS)*

<TABLE>
<CAPTION>
TOTAL ANNUAL
MANAGEMENT DISTRIBUTION OTHER FUND OPERATING
CLASS OF SHARES FEES (12B-1) FEES EXPENSES EXPENSES
-----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CLASS A 0.75% 0.25% 0.85% 1.85%
-----------------------------------------------------------------------------------------
CLASS B 0.75% 0.75% 0.85% 2.35%
-----------------------------------------------------------------------------------------
CLASS C 0.75% 0.75% 0.85% 2.35%
-----------------------------------------------------------------------------------------
</TABLE>
(1) The offering price is the net asset value of the shares purchased plus any
sales charge.

* The table is based on estimated expenses for the current fiscal year.

The table does not reflect charges or credits which you might incur if you
invest through a financial institution.

EXAMPLE This example helps you compare the cost of investing in the Fund with
the cost of investing in other mutual funds. The example assumes:

- you invest $10,000
- you sell all your shares at the end of the period
- your investment has a 5% return each year
- you reinvest all your dividends, and
- the Fund's operating expenses are not waived and remain the same
as shown above.

4
<PAGE>

Although your actual costs may be higher or lower, based on these assumptions:

IF YOU SELL YOUR SHARES YOUR COSTS WOULD BE:

<TABLE>
<CAPTION>
1 YEAR 3 YEARS 5 YEARS 10 YEARS
----------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CLASS A* $752 $1,123 $1,518 $2,619
----------------------------------------------------------------------------
CLASS B** $738 $1,033 $1,455 $2,562***
----------------------------------------------------------------------------
CLASS C** $338 $ 733 $1,255 $2,686
----------------------------------------------------------------------------
</TABLE>

IF YOU DON'T SELL YOUR SHARES YOUR COSTS WOULD BE:

<TABLE>
<CAPTION>
1 YEAR 3 YEARS 5 YEARS 10 YEARS
----------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CLASS B $238 $733 $1,255 $2,562***
----------------------------------------------------------------------------
CLASS C $238 $733 $1,255 $2,686
----------------------------------------------------------------------------
</TABLE>

*Assumes sales charge is deducted when shares are purchased.
**Assumes applicable deferred sales charge is deducted when shares are sold.
***Reflects conversion of Class B shares to Class A shares after they have
been owned for eight years.

5
<PAGE>

THE FUND'S INVESTMENT ADVISER

Chase Fleming Asset Management, (USA) Inc. (CFAM (USA)) is the
investment-adviser to the Fund. It makes the day-to-day investment decisions
for the Fund. CFAM (USA) is a wholly-owned subsidary of The Chase Manhattan
Corporation (CMC), a bank holding company. CFAM (USA) provides
discrentionary investment advice to institutional clients and is located at
1211 Avenue of the Americas, New York, New York 10036.

CFAM (USA) is entitled to receive an annual management fee at the rate of
- 0.75% of the average daily net assets of the Global Life Sciences Fund.

6
<PAGE>

HOW YOUR ACCOUNT WORKS

ABOUT SALES CHARGES

There's a sales charge to buy shares in the Fund. There are also ongoing charges
that all investors pay as long as they own their shares, as explained later.

You have a choice of three different kinds of charges. Class A shares have a
charge you pay when you invest. Class B shares have a deferred sales charge. You
don't pay any charge when you buy the Class B shares, but you may have to pay a
charge when you sell them, depending on how long you hold them. Class C shares
also have a deferred sales charge you may have to pay if you sell your shares
within one year of buying them.

There are a number of plans and special discounts which can decrease or even
eliminate these charges.

This section explains how the three sales charges work.

7
<PAGE>

HOW YOUR ACCOUNT WORKS

CLASS A SHARES

The initial sales charge is deducted directly from the money you invest. As the
table shows, the charge is lower the more you invest. The public offering price
of Class A shares is the net asset value plus the initial sales charge. Net
asset value is the value of everything the Fund owns, minus everything it owes,
divided by the number of shares held by investors. The Fund receives the net
asset value.

TOTAL SALES CHARGE

<TABLE>
<CAPTION>
AS % OF THE
OFFERING AS % OF
AMOUNT OF PRICE NET AMOUNT
INVESTMENT PER SHARE INVESTED
---------------------------------------------------
<S> <C> <C>
LESS THAN
$100,000 5.75% 6.10%
---------------------------------------------------
$100,000
BUT UNDER
$250,000 3.75% 3.90%
---------------------------------------------------
$250,000
BUT UNDER
$500,000 2.50% 2.56%
---------------------------------------------------
$500,000
BUT UNDER
$1 MILLION 2.00% 2.04%
---------------------------------------------------
</TABLE>

There is no sales charge for investments of $1 million or more.

CLASS B SHARES

The deferred sales charge is deducted directly from your assets when you sell
your shares. It's a percentage of the original purchase price or the current
value of the shares, whichever is lower. As the table shows, the deferred sales
charge gets lower the longer you hold the shares and disappears altogether after
six years. Class B shares automatically convert into Class A shares at the
beginning of the ninth year after you bought them.

<TABLE>
<CAPTION>
YEAR DEFERRED SALES CHARGE
------------------------------------
<S> <C>
1 5%
------------------------------------
2 4%
------------------------------------
3 3%
------------------------------------
4 3%
------------------------------------
5 2%
------------------------------------
6 1%
------------------------------------
7 NONE
------------------------------------
8 NONE
------------------------------------
</TABLE>

We calculate the deferred sales charge from the month you buy your shares. We
always sell the shares with the lowest deferred sales charge first. Shares
acquired by reinvestment distribution can be sold without a deferred sales
charge.

CLASS C SHARES

The deferred sales charge is deducted directly from your assets when you sell
your shares. It's equal to 1% of the original purchase price or the current
value of the shares, whichever is lower. The deferred sales charge on Class C
shares disappears altogether after one year. We calculate the deferred sales
charge from the month you buy your charges. We always sell the shares with the
lowest deferred sales charge first.

Like Class B shares, Class C shares have higher combined distribution and
service fees. Unlike Class B shares, Class C shares are never converted to Class
A shares. That means you keep paying the higher service and distribution fees as
long as you hold them. Over the long term, this can add up to higher total fees
than either Class A or Class B shares.

8
<PAGE>

THE PORTFOLIO MANAGERS

GLOBAL LIFE SCIENCES FUND

Portfolio Manager Christopher M.V. Jones, Executive Director, Head of
Specialist Portfolios Team, is responsible for the management of the Fund's
portfolio. Mr. Jones joined Flemings in 1982. From 1982 to 1986, he worked
for Flemings in London with emphasis on the metal and mining sectors
as an analyst and fund manager for Fleming Global Portfolio Management Group.
Mr. Jones joined the small cap team in March of 1986 as an investment analyst
responsible for the then London-based U.S. smaller companies team with specific
concentration upon the capital goods and consumer sectors of the market. In
1987, he became an investment manager, while continuing to perform his
analytical responsibilities. He became chief investment officer of the small cap
group in 1993. He has managed Flemings' small cap fund since 1990 and its micro
cap fund since its inception in 1988.

9
<PAGE>

HOW YOUR ACCOUNT WORKS

GENERAL

Vista Fund Distributors Inc. (VFD) is the distributor for the Fund. It's a
subsidiary of BISYS Group, Inc. and is not affiliated with Chase. The Fund has
adopted Rule 12b-1 distribution plans under which it pays annual distribution
fees of up to 0.25% of the average daily net assets attributed to Class A
shares, up to 0.75% of the average daily net assets attributed to Class B shares
and up to 0.75% of the average daily net assets attributed to Class C shares.

This payment covers such things as compensation for services provided by
broker-dealers and expenses connected to the sale of shares. Payments are not
tied to actual expenses incurred.

Because 12b-1 expenses are paid out of the Fund's assets on an ongoing basis,
over time these fees will increase the cost of your investment and may cost you
more than other types of sales charges.

WHICH CLASS OF SHARES IS BEST?

Your decision about which class of shares to buy depends on a number of factors,
including the amount you're buying and how long you intend to hold your shares.
If you have no plans to sell your shares for at least six years and you don't
want to pay an up-front sales charge, you may consider buying Class B shares.

Class A shares may be a good choice if you qualify to have the sales charge
reduced or eliminated. In almost all cases, if you plan to buy $250,000 of
shares or more, Class A is the most economical choice.

Class C shares may be best if you prefer not to pay an initial sales charge and
you're not sure how long you intend to hold your investment.
You should also consider the distribution and service fees, which are lower for
Class A shares. These fees appear in the table called Annual Fund operating
expenses (expenses that are deducted from Fund assets) for the Fund.

Your investment representative may be able to advise you about the best class of
shares for you.

BUYING FUND SHARES

You can buy shares three ways:

THROUGH YOUR INVESTMENT REPRESENTATIVE

Tell your representative which Fund you want to buy and he or she will contact
us. Your representative may charge you a fee and may offer additional services,
such as special purchase and redemption programs. Some representatives charge a
single fee that covers all services. Your representative may impose different
minimum investments and earlier deadlines to buy and sell shares.

THROUGH THE CHASE VISTA FUNDS SERVICE CENTER
Call 1-800-34-VISTA
Or
Complete the application form and mail it along with a check for the amount you
want to invest to:

CHASE VISTA FUNDS SERVICE CENTER,
P.O. BOX 219392
KANSAS CITY, MO 64121-9392

THROUGH A SYSTEMATIC INVESTMENT PLAN

You can make regular automatic purchases of at least $100. See There's more on
the Systematic Investment Plan later in this document.

----------------

10
<PAGE>

Whether you choose Class A, Class B or Class C shares, the price of the shares
is based on the net asset value per share (NAV). NAV is the value of everything
the Fund owns, minus everything it owes, divided by the number of shares held by
investors. You'll pay the public offering price, which is based on the next NAV
calculated after the Chase Vista Funds Service Center accepts your instructions.
The Fund calculates its NAV once each day at the close of regular trading on the
New York Stock Exchange. The Fund generally values its assets at their market
value but may use fair value if market prices are unavailable. The Chase Vista
Funds Service Center will not accept your order until it is in proper form. An
order is in proper form only after payment is converted into federal funds.

The Fund invests in securities which are primarily listed on foreign exchanges
and these exchanges may trade on Saturdays or other United States holidays on
which the Fund does not price. As a result, the Fund's portfolio will trade and
its NAV may fluctuate significantly on days when the investor has no access to
the Fund.

The Chase Vista Funds Service Center accepts purchase orders on any business day
that the New York Stock Exchange is open. Normally, if the Chase Vista Funds
Service Center receives your order in proper form by the close of regular
trading on the New York Stock Exchange, we'll process your order at that day's
price.

You must provide a Social Security Number or Taxpayer Identification Number when
you open an account. The Fund has the right to refuse any purchase order or to
stop offering shares for sale at any time.

TO OPEN AN ACCOUNT, BUY OR SELL SHARES OR GET FUND INFORMATION, CALL:
--------------------------------------------------------------------------------
THE CHASE VISTA FUNDS SERVICE CENTER
--------------------------------------------------------------------------------
1-800-34-VISTA
--------------------------------------------------------------------------------

MINIMUM INVESTMENTS
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
INITIAL ADDITIONAL
TYPE OF ACCOUNT INVESTMENT INVESTMENTS
--------------------------------------------------------------------------------
<S> <C> <C>
REGULAR
ACCOUNT $2,500 $100
--------------------------------------------------------------------------------
SYSTEMATIC
INVESTMENT
PLAN $1,000 $100
--------------------------------------------------------------------------------
IRAS $1,000 $100
--------------------------------------------------------------------------------
SEP-IRAS $1,000 $100
--------------------------------------------------------------------------------
EDUCATION
IRAS $ 500 $100
--------------------------------------------------------------------------------
</TABLE>

Make your check out to Chase Vista Funds in U.S. dollars. We won't accept credit
cards, cash, or checks from a third party. You cannot sell your shares until
your check has cleared, which could take more than 15 calendar days. If you buy
through an Automated Clearing House, you can't sell your shares until the
payment clears. That could take more than seven business days.

Your purchase will be canceled if your check doesn't clear and you'll be
responsible for any expenses and losses to the Fund. Orders by wire will be
cancelled if the Chase Vista Funds Service Center doesn't receive payment by
4:00 p.m. Eastern time on the day you buy.

If you're planning to exchange, sell or transfer shares to another person
shortly after buying the shares, you should pay by certified check to avoid
delays. The Fund will not issue certificates for Class A or Class C shares
unless you request them and they will not issue certificates for Class B shares.

11
<PAGE>

HOW YOUR ACCOUNT WORKS

SELLING FUND SHARES

You can sell your shares three ways:

THROUGH YOUR INVESTMENT REPRESENTATIVE

Tell your representative which Fund you want to sell. He or she will send the
necessary documents to the Chase Vista Funds Service Center. Your representative
might charge you for this service.

THROUGH THE CHASE VISTA FUNDS SERVICE CENTER

Call 1-800-34-VISTA. We will mail you a check or send the proceeds via
electronic transfer or wire. You cannot sell by phone if you have changed your
address of record within the previous 30 days. If you sell $25,000 or more worth
of Fund shares by phone, we'll send it by wire only to a bank account on our
records.
Or
Send a signed letter with your instructions to:

CHASE VISTA FUNDS SERVICE CENTER,
P.O. BOX 219392
KANSAS CITY, MO 64121-9392

THROUGH A SYSTEMATIC WITHDRAWAL PLAN

You can automatically sell as little as $50 worth of shares. See Shareholder
Services for details.

-----------------

You can sell your shares on any day the Chase Vista Funds Service Center is
accepting purchase orders. You'll receive the next NAV calculated after the
Chase Vista Funds Service Center accepts your order, less any applicable sales
charges.

Under normal circumstances, if the Chase Vista Funds Service Center receives
your order before the close of regular trading on the New York Stock Exchange,
the Fund will send you the proceeds the next business day. We won't accept an
order to sell shares if the Fund hasn't collected your payment for the shares.
The Fund may stop accepting orders to sell and may postpone payments for more
than seven days, as federal securities laws permit.

You'll need to have signatures guaranteed for all registered owners or their
legal representative if:

- you want to sell shares with a net asset value of $100,000 or more

- you want your payment sent to an address other than the one we have in our
records.

We may also need additional documents or a letter from a surviving joint owner
before selling the shares. Contact the Chase Vista Funds Service Center for more
details.

EXCHANGING FUND SHARES

You can exchange your shares for shares of the same class of certain other Chase
Vista Funds at net asset value, beginning 15 days after you buy your shares. For
tax purposes, an exchange is treated a sale of Fund shares. This will generally
result in a capital gain or loss to you.

You can exchange your shares three ways:

THROUGH YOUR INVESTMENT REPRESENTATIVE

Tell your representative which Fund you want to exchange from and to. He or she
will send the necessary documents to the Chase Vista Funds

12
<PAGE>

Service Center. Your representative might charge you for this service.

THROUGH THE CHASE VISTA FUNDS SERVICE CENTER

Call 1-800-34-VISTA to ask for details.

THROUGH A SYSTEMATIC EXCHANGE PLAN

You can automatically exchange money from one Chase Vista account to another of
the same class. Call the Chase Vista Funds Service Center for details.

-----------

If you exchange Class B shares of the Fund for Class B shares of another Chase
Vista Fund, or Class C for Class C, you will not pay a deferred sales charge
until you sell the shares of the other Fund. The amount of deferred sales charge
will be based on when you bought the original shares, not when you made the
exchange. Carefully read the prospectus of the Fund you want to buy before
making an exchange. You'll need to meet any minimum investment requirements.

You should not exchange shares as means of short-term trading as this could
increase management cost and affect all shareholders. We reserve the right to
limit the number of exchanges or to refuse an exchange. We may also terminate
this privilege. We charge an administration fee of $5 for each exchange if you
make more than 10 exchanges in a year or three in a quarter. See the Statement
of Additional Information to find out more about the exchange privilege.

OTHER INFORMATION CONCERNING THE FUND

We may close your account if the balance falls below $500 because you've sold
shares. We may also close the account if you are in the Systematic Investment
Plan and fail to meet investment minimums over a 12-month period. We'll give you
60 days' notice before closing your account.

Unless you indicate otherwise on your account application, we are authorized to
act on redemption and transfer instructions received by phone. If someone trades
on your account by phone, we'll ask that person to confirm your account
registration and address to make sure they match those you provided us. If they
give us the correct information, we are generally authorized to follow that
person's instructions. We'll take all reasonable precautions to confirm that the
instructions are genuine. Investors agree that they will not hold the Fund
liable for any loss or expenses from any sales request, if the Fund takes
reasonable precautions. The Fund will be liable for any losses to you from an
unauthorized sale or fraud against you if we do not follow reasonable
procedures.

You may not always reach the Chase Vista Funds Service Center by telephone. This
may be true at times of unusual market changes and shareholder activity. You can
mail us your instructions or contact your investment representative or agent. We
may modify or cancel the sale of shares by phone without notice.

The Fund has agreements with certain shareholder servicing agents (including
Chase) under which the shareholder servicing agents have agreed to provide
certain support services to their customers. For performing these services, each
shareholder servicing agent receives an annual fee of up to 0.25% of the average
daily net assets of the Class A, Class B and Class C shares of the Fund held by
investors by the shareholder servicing agent.

13
<PAGE>

HOW YOUR ACCOUNT WORKS

Chase and/or VFD may, at their own expense, make additional payments to certain
selected dealers or other shareholder servicing agents for performing
administrative services for their customers. The amount may be up to an
additional 0.10% annually of the average net assets of the Fund attributable to
shares of the Fund held by customers of those shareholder servicing agents.

The Fund may issue multiple classes of shares. This prospectus relates only to
Class A, Class B and Class C shares of the Fund. Each class may have different
requirements for who may invest, and may have different sales charges and
expense levels. A person who gets compensated for selling Fund shares may
receive a different amount for each class.

Chase and its affiliates and the Fund and its affiliates, agents and sub-agents
may share information about shareholders and their accounts with each other and
with others unless this sharing is prohibited by contract. The information can
be used for a variety of purposes, including offering investment and insurance
products to shareholders.

DISTRIBUTIONS AND TAXES

The Fund can earn income and can realize capital gain. The Fund deducts any
expenses then pay out these earnings to shareholders as distributions.

The Fund will distribute any net investment income at least semi-annually. Net
capital gain is distributed annually. You have three options for your
distributions. You may:

- reinvest all of them in additional Fund shares without a sales charge;

- take distributions of net investment income in cash or as a deposit in a
pre-assigned bank account and reinvest distributions of net capital gain in
additional shares; or

- take all distributions in cash or as a deposit in a pre-assigned bank
account.

If you don't select an option when you open your account, we'll reinvest all
distributions. If your distributions are reinvested, they will be in the form of
shares of the same class. The taxation of dividends won't be affected by the
form in which you receive them.

Dividends of net investment income are usually taxable as ordinary income at the
federal, state and local levels. The state or municipality where you live may
not charge you state and local taxes on tax-exempt interest earned on certain
bonds. Dividends earned on bonds issued by the U.S. government and its agencies
may also be exempt from some types of state and local taxes.

If you receive distributions of net capital gain, the tax rate will be based on
how long the Fund held a particular asset, not on how long you have owned your
shares. If you buy shares just before a distribution, you will pay tax on the
entire amount of the taxable distribution you receive, even though the NAV will
be higher on that date because it includes the distribution amount.

The Fund expects that its distributions will consist primarily of capital gains.

Investment income received by the Fund from sources in foreign countries may be
subject to foreign taxes withheld at the source. Since it is anticipated that
more than 50% of the Fund's assets at the close of its taxable year will be in
securities of foreign corporations, the Fund may elect to "pass through" to its
shareholder the foreign taxes that it paid.

14
<PAGE>

Early in each calendar year, the Fund will send you a notice showing the amount
of distributions you received in the preceding year and the tax status of those
distributions.

The above is a general summary of tax implications of investing in the Fund.
Please consult your tax adviser to see how investing in the Fund will affect
your own tax situation.

15
<PAGE>

SHAREHOLDER SERVICES

SYSTEMATIC INVESTMENT PLAN

You can regularly invest $100 or more in the first or third week of any month.
The money is automatically deducted from your checking or savings account.

You can set up a plan when you open an account by completing the appropriate
section of the application. Current shareholders can join by sending a signed
letter and a deposit slip or void check to the Chase Vista Funds Service Center.
Call 1-800-34-VISTA for complete instructions.

SYSTEMATIC WITHDRAWAL PLAN

You can make regular withdrawals of $50 or more ($100 or more for Class B
accounts). You can have automatic withdrawals made monthly, quarterly or
semiannually. Your account must contain at least $5,000 to start the
plan. Call 1-800-34-VISTA for complete instructions.

SYSTEMATIC EXCHANGE

You can transfer assets automatically from one Vista account to another on a
regular basis. It's a free service.

FREE EXCHANGE PRIVILEGE

You can exchange money between Chase Vista Funds in the same class without
charge. This allows you to adjust your investments as your objectives change.

REINSTATEMENT PRIVILEGE

You can buy back Class A shares you sell, without paying a sales charge, as long
as you make a request in writing within 90 days of the sale. If you sell Class B
shares or Class C on which you've paid a deferred sales charge, you can use the
proceeds to buy Class A shares without a sales charge. You must buy the class A
shares within 90 days of selling the Class B or Class C shares.

16
<PAGE>

WHAT THE TERMS MEAN

DEBT SECURITIES: securities used by issuers, such as governmental entities and
corporations, to borrow money. The issuer usually pays a fixed, variable or
floating rate of interest and repays the amount borrowed at the maturity date of
the security. However, if a borrower issues a zero coupon debt security, it does
not make regular interest payments.

DEPOSITARY RECEIPTS: instruments which are typically issued by financial
institutions and which represent ownership of securities of foreign
corporations. Depositary receipts are usually designed for use on U.S. and
European securities exchanges.

DISTRIBUTION FEE: covers the cost of the distribution system used to sell shares
to the public.

FUNDAMENTAL RESEARCH: method which concentrates on "fundamental" information
about an issuer such as its financial statements, history, management, etc.

GROWTH APPROACH: approach which focuses on identifying securities of companies
whose earnings growth potential appears to the manager to be greater than the
market in general and whose growth in revenue is expected to continue for an
extended period.

LIQUIDITY: the ability to easily convert investments into cash without losing
a significant amount of money in the process.

MANAGEMENT FEE: a fee paid to the investment adviser to manage the Fund and make
decisions about buying and selling the Fund's investments.

MATURITY: the length of time until the issuer who sold a debt security must pay
back the principal amount of the debt.

OTHER EXPENSES: miscellaneous items, including transfer agency, administration,
shareholder servicing, custody and registration fees.

REPURCHASE AGREEMENTS: a type of short-term investment in which a dealer sells
securities to the Fund and agrees to buy them back later at a set price. The
price includes interest. In effect, the dealer is borrowing the Fund's money for
a short time, using the securities as collateral.

SHAREHOLDER SERVICE FEE: a fee to cover the cost of paying shareholder servicing
agents to provide certain support services for your account.

17
<PAGE>

HOW TO REACH US

MORE INFORMATION

You'll find more information about the Funds in the following documents:

ANNUAL AND SEMI-ANNUAL REPORTS

Our annual and semi-annual reports contain more information about each Fund's
investments and performance. The annual report also includes details about the
market conditions and investment strategies that had a significant effect on
each Fund's performance during the last fiscal year.

STATEMENT OF ADDITIONAL INFORMATION (SAI)

The SAI contains more detailed information about the Funds and their policies.
By law, it's considered to be part of this prospectus.

You can get a free copy of these documents and other information, or ask us any
questions, by calling us at 1-800-34-VISTA or writing to:

CHASE VISTA FUND SERVICE CENTER
P.O. BOX 419392
KANSAS CITY, MO 64141-6392

If you buy your shares through The Chase Manhattan Bank or another institution,
you should contact that institution directly for more information. You can also
find information on-line at www.chasevista.com on the internet.

You can write or e-mail the SEC's Public Reference Room and ask them to mail you
information about the Funds, including the SAI. They'll charge you a copying fee
for this service. You can also visit the Public Reference Section and copy the
documents while you're there.

PUBLIC REFERENCE SECTION OF THE SEC
WASHINGTON, DC 20549-0102.
1-202-942-8090
E-MAIL: [email protected]

Reports, a copy of the SAI and other information about the Funds is also
available on the SEC's website at http://www.sec.gov.

The Fund's Investment Company Act File No.is 811-5151

--------------------------------------------------------------------------------

CHASE FLEMING FUNDS FULFILLMENT CENTER
393 MANLEY STREET
WEST BRIDGEWATER, MA 02379-1039

<PAGE>

PROSPECTUS
DECEMBER 29, 2000
--------------------------------------------------------------------------------

CHASE VISTA
EQUITY FUNDS

INTERNATIONAL GROWTH THIS PROSPECTUS OFFERS:
FUND

CLASS A, CLASS B AND CLASS C SHARES

[LOGO] CHASE
THE RIGHT RELATIONSHIP IS EVERYTHING.-Registered Trademark-

<PAGE>

INTERNATIONAL GROWTH FUND 1

THE FUND'S INVESTMENT ADVISER 7

HOW YOUR ACCOUNT WORKS 8

BUYING FUND SHARES 11
SELLING FUND SHARES 13
EXCHANGING FUND SHARES 13
OTHER INFORMATION CONCERNING THE FUND 14
DISTRIBUTIONS AND TAXES 15

SHAREHOLDER SERVICES 17

WHAT THE TERMS MEAN 18

-------------------------------------------------------------
HOW TO REACH US Back cover
-------------------------------------------------------------

<PAGE>

CHASE INTERNATIONAL GROWTH FUND

THE FUND'S OBJECTIVE

The Fund will seek total return from long-term capital growth. Total return
consists of capital growth and current income.

THE FUND'S MAIN INVESTMENT STRATEGY

The Fund will invest principally in equity securities of companies located in
the major developed regions of the world outside the United States. Under normal
market conditions, the Fund will invest at least 65% of its total assets in
equity securities of such issuers, which may include foreign subsidiaries of
U.S. companies. These investments may take the form of depositary receipts. The
Fund may, from time to time, also invest in securities of U.S. issuers. Equity
securities include common stocks, preferred stocks, securities that are
convertible into common stocks and warrants to buy common stocks.

The Fund's advisers will emphasize companies with medium and large stock market
capitalizations, yielding a median capitalization that results in placement
within the large cap universe, based on the Morningstar criteria of taking the
capitalization range of the top 5% of the 5000 largest companies in the
Morningstar database.

The Fund's advisers will perform quantitative analysis and fundamental research
in an attempt to identify companies with the best growth potential. They may
look at growth-oriented factors, such as projected earnings growth, improved
earnings characteristics or price momentum.

Typically, companies meeting the advisers' criteria will feature leading or
rapidly developing businesses, strong financial positions and high quality
management capable of taking advantage of local, regional or global market
changes.

The Fund's advisers also will seek to identify those countries and industries
where political and economic factors, including currency changes, are likely to
produce above-average growth rates. Then the advisers will try to identify
companies within those countries and industries that are poised to take
advantage of such political and economic conditions. The Fund's advisers will
continually review economic and political events in the countries in which the
Fund invests.

The Fund's advisers will seek to select issuers in several countries -- at least
three other than the U.S. In selecting countries, the advisers initially will
emphasize countries in continental Europe, the United Kingdom and Japan. Under
current market conditions, the Fund's advisers anticipate that approximately
one-half of the Fund's assets will be invested in securities of issuers located
in continental Europe and approximately one-quarter will be invested in each of
Japan and the United Kingdom. This asset allocation may change at any time.

The Fund will sell securities if its advisers believe the issuer of such
securities no longer meets certain growth criteria or if they believe that more
attractive opportunities are available. As political and economic events occur,
the Fund's advisers will sell securities of issuers doing business in

1
<PAGE>

CHASE INTERNATIONAL GROWTH FUND

countries that the advisers believe do not meet the Fund's growth-oriented
criteria.

While the Fund is not limited in the amount it invests in any one country, it
will try to choose a wide range of industries and companies of varying sizes.

While the Fund invests primarily in equities, it may also invest up to 35% of
its total assets in investment-grade debt securities. Investment grade means a
rating of Baa or higher by Moody's Investors Service, Inc., BBB or higher by
Standard & Poor's Corporation or the equivalent by another national rating
organization or unrated securities of comparable quality.

Under normal market conditions the Fund will be permitted to invest up to 35% of
its total assets in high-quality money-market instruments and repurchase
agreements, as well as investment-grade debt securities and securities of U.S.
issuers. To temporarily defend its assets, the Fund may invest any amount of its
assets in high-quality money market instruments and repurchase agreements and in
debt securities issued by supranational organizations and companies and
governments of countries in which the Fund can invest and short-term debt
instruments issued or guaranteed by the government of any member of the
Organization for Economic Cooperation and Development. These debt securities may
be in various currencies. During unusual market conditions, the Fund may invest
up to 20% of its total assets in U.S. Government debt securities.

No more than 25% of the Fund's total assets will be invested in debt securities
denominated in a currency other than the U.S. dollar. No more than 25% of the
Fund's total assets will be invested in debt securities issued by a single
foreign government or international organization, such as the World Bank.

Where the capital markets in certain countries are either less developed or not
easy to access, the Fund may invest in these countries by investing in
closed-end investment companies which are authorized to invest in those
countries.

The Fund may change any of these investment policies (including its investment
objective) without shareholder approval.

THE FUND'S MAIN INVESTMENT RISKS

All mutual funds carry a certain amount of risk. You may lose money on your
investment in the Fund. Here are some specific risks of investing in the Chase
International Growth Fund.

The Fund may not achieve its objective if the advisers' expectations regarding
particular securities or markets are not met.

The value of shares of the Fund will be influenced by conditions in the stock
market as well as the performance of companies selected for the Fund's
portfolio.

The Fund may not achieve its objective if companies which the advisers believe
will experience earnings growth do not grow as expected.

2
<PAGE>

Because the Fund invests mostly in securities of issuers outside the U.S., an
investment in the Fund is riskier than an investment in a U.S. equity fund.

Unsponsored depositary receipts may not provide as much information about the
underlying issuer and may not carry the same voting privileges as sponsored
depositary receipts.

The Fund's investments in developing countries could lead to more volatility
in the value of the Fund's shares. As mentioned above, the normal risks of
investing in foreign countries are heightened when investing in developing
countries. In addition, the small size of securities markets and the low
trading volume in many countries may lead to a lack of liquidity. Also,
developing countries may not provide adequate legal protection for private or
foreign investment or private property.

The Fund's performance will be affected by political, social and economic
conditions in the countries in which it invests and other countries on which
certain issuers' revenues or resources are dependent. In addition, while the
Fund invests primarily in securities of issuers in the United Kingdom, Japan and
the countries in continental Europe, the economies of those countries may be
affected by consumer demands in other countries and the state of economies in
other countries. If the Fund holds securities in currencies that are devalued
(or in companies whose revenues are substantially in currencies that are
devalued, such as Japanese companies), that will hurt the value of the Fund.

The Japanese economy and financial markets have experienced considerable
difficulty since 1990. The Japanese stock market, as measured by the Tokyo Stock
Price Index, has been volatile. After increasing by more than 500% in the 1980s,
it has fallen more than half since then. This decline in the Tokyo stock market
has made the country's banks and financial institutions vulnerable because of
their large share portfolios. Japanese banks have been left with large numbers
of non-performing loans. In addition, the Japanese economy labors under a heavy
government budget deficit and historically low interest rates. As a result of
these factors, several high-profile bankruptcies of Japanese banks, brokerage
firms and insurance companies have occurred.

Although the Japanese yen has generally gone up against the U.S. dollar, in
recent years it has fluctuated, and has even declined. The Japanese yen might
also be hurt by the currency difficulties of other countries in Southeast Asia.
Devaluation of the yen, and any other currencies in which the Fund's securities
are denominated, will hurt the Fund's value.

Japan's relationship with its main trading partners, particularly the United
States, is in a difficult phase. This is

3
<PAGE>

CHASE INTERNATIONAL GROWTH FUND

because Japan sells far more highly visible products, such as automobiles than
it buys. The trade imbalance is the largest with the United States. Japan's
economy is also affected by economic trouble in Southeast Asian countries since
the demand for Japanese exports fluctuates and since many Japanese banks and
companies have invested in that region.

The market value of convertible securities tends to decline as interest rates
increase and increase as interest rates decline. Their value also tends to
change whenever the market value of the underlying common or preferred stock
fluctuates. Securities that are rated Baa by Moody's or BBB by Standard & Poor's
may have fewer protective provisions than higher rated securities. The issuer
may have trouble making principal and interest payments when difficult economic
conditions exist.

If the Fund invests in closed-end investment companies, it may incur added
expenses such as additional management fees and trading costs.

The Fund is not diversified. It will invest a greater percentage of its assets
in a particular issuer or group of issuers than a diversified fund would. That
makes the value of its shares more sensitive to economic problems among those
issuing the securities.

The Fund may have to sell stocks at a loss in order to fund shareholder
redemptions. Redemptions are more likely to occur when prices of foreign issuers
are declining and prices of these securities may fall more rapidly than those of
other securities.

4
<PAGE>

FEES AND EXPENSES
This table describes the fees and expenses that you may pay if you buy and hold
shares of the Fund.

SHAREHOLDER FEES (FEES PAID DIRECTLY FROM YOUR INVESTMENT)

<TABLE>
<CAPTION>
MAXIMUM SALES CHARGE MAXIMUM DEFERRED SALES
(LOAD) WHEN YOU BUY CHARGE (LOAD) SHOWN AS
SHARES, SHOWN AS % OF THE LOWER OF ORIGINAL PURCHASE
OFFERING PRICE(1) PRICE OR REDEMPTION PROCEEDS
-------------------------------------------------------------------------------------------------------
<S> <C> <C>
CLASS A SHARES 5.75% NONE
-------------------------------------------------------------------------------------------------------
CLASS B SHARES NONE 5.00%
-------------------------------------------------------------------------------------------------------
CLASS C SHARES NONE 1.00%
-------------------------------------------------------------------------------------------------------
</TABLE>

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT ARE DEDUCTED FROM FUND ASSETS)*

<TABLE>
<CAPTION>
TOTAL ANNUAL
MANAGEMENT DISTRIBUTION OTHER FUND OPERATING
CLASS OF SHARES FEES (12B-1) FEES EXPENSES EXPENSES
------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CLASS A 1.00% 0.25% 0.90% 2.15%
------------------------------------------------------------------------------------
CLASS B 1.00% 0.75% 0.90% 2.65%
------------------------------------------------------------------------------------
CLASS C 1.00% 0.75% 0.90% 2.65%
------------------------------------------------------------------------------------
</TABLE>

(1) The offering price is the net asset value of the shares purchased plus any
sales charge.

* The table is based on estimated expenses for the current fiscal year.

The actual Management Fees are currently expected to be 0.85% and Total Annual
Fund Operating Expenses for Class A, B and C shares are not expected to exceed
2.00%, 2.50% and 2.50%, respectively. That's because The Chase Manhattan Bank
(Chase) and some of the Fund's other service providers have volunteered not to
collect a portion of their fees and to reimburse others. Chase and these other
service providers may end this arrangement at any time.

The table does not reflect charges or credits which you might incur if you
invest through a financial institution.

5
<PAGE>

CHASE INTERNATIONAL GROWTH FUND

EXAMPLE This example helps you compare the cost of investing in the Fund with
the cost of investing in other mutual funds. The example assumes:

Although your actual costs may be higher or lower, based on these assumptions:

IF YOU SELL YOUR SHARES YOUR COSTS WOULD BE:

<TABLE>
<CAPTION>
1 YEAR 3 YEARS 5 YEARS 10 YEARS
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CLASS A* $781 $1,209 $1,663 $2,915
--------------------------------------------------------------------------------
CLASS B** $768 $1,123 $1,605 $2,863***
--------------------------------------------------------------------------------
CLASS C** $368 $ 823 $1,405 $2,983
--------------------------------------------------------------------------------
</TABLE>

IF YOU DON'T SELL YOUR SHARES YOUR COSTS WOULD BE:

<TABLE>
<CAPTION>
1 YEAR 3 YEARS 5 YEARS 10 YEARS
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CLASS B $268 $823 $1,405 $2,863***
--------------------------------------------------------------------------------
CLASS C $268 $823 $1,405 $2,983
--------------------------------------------------------------------------------
</TABLE>

*Assumes sales charge is deducted when shares are purchased.

**Assumes applicable deferred sales charge is deducted when shares are sold.

***Reflects conversion of Class B shares to Class A shares after they have been
owned for eight years.

6
<PAGE>

THE FUND'S INVESTMENT ADVISER

Chase Fleming Asset Management, (USA) Inc. (CFAM(USA)) is the investment
adviser to the Fund. CFAM (USA) is a wholly-owned subsidiary of The Chase
Manhattan Corporation (CMC), a bank holding company. CFAM (USA) provides the
Fund with investment advice and supervision. CFAM (USA) provides discretionary
investment advice to institutional clients and is located at 1211 Avenue of
the Americas, New York, New York 10036.

CFAM (USA) is entitled to receive an annual management fee at the rate of

- 1.00% of the average daily net assets of the International Growth Fund.

Chase Fleming Asset Management (London) Limited. (CFAM (L)) is the
sub-adviser to the International Equity Portfolio. It makes the day to day
investment decisions for the portfolios. Chase pays CFAM (L) a sub-advisory
fee for its services. CFAM (L) is a wholly owned subsidiary of Chase. CFAM
(L) provides discretionary investment services to institutional clients and
is located at 10 Aldermanbury, London EC2V7RF, UK.

7
<PAGE>

HOW YOUR ACCOUNT WORKS

ABOUT SALES CHARGES

There's a sales charge to buy shares in the Fund. There are also ongoing charges
that all investors pay as long as they own their shares, as explained later.

There are a number of plans and special discounts which can decrease or even
eliminate these charges.

This section explains how the three sales charges work.

8
<PAGE>

CLASS A SHARES

<TABLE>
<CAPTION>
TOTAL SALES CHARGE

AS % OF THE
OFFERING AS % OF
AMOUNT OF PRICE NET AMOUNT
INVESTMENT PER SHARE INVESTED
------------------------------------------------
<S> <C> <C>
LESS THAN
$100,000 5.75% 6.10%
------------------------------------------------
$100,000
BUT UNDER
$250,000 3.75% 3.90%
------------------------------------------------
$250,000
BUT UNDER
$500,000 2.50% 2.56%
------------------------------------------------
$500,000
BUT UNDER
$1 MILLION 2.00% 2.04%
------------------------------------------------
</TABLE>

There is no sales charge for investments of $1 million or more.

CLASS B SHARES

The deferred sales charge is deducted directly from your assets when you sell
your shares. It's a percentage of the original purchase price or the current
value of the shares, whichever is lower. As the table shows, the deferred sales
charge gets lower the longer you hold the shares and disappears altogether
after six years. Class B shares automatically convert into Class A shares at the
beginning of the ninth year after you bought them.

<TABLE>
<CAPTION>
YEAR DEFERRED SALES CHARGE
-------------------------------------------
<S> <C>
1 5%
-------------------------------------------
2 4%
-------------------------------------------
3 3%
-------------------------------------------
4 3%
-------------------------------------------
5 2%
-------------------------------------------
6 1%
-------------------------------------------
7 None
-------------------------------------------
8 None
-------------------------------------------
</TABLE>

CLASS C SHARES

9
<PAGE>

HOW YOUR ACCOUNT WORKS

THE PORTFOLIO MANAGERS

INTERNATIONAL GROWTH FUND
James Fisher is a Vice President at CFAM(L). Mr. Fisher is the Director
In-charge of EAFE funds. He has worked at CFAM(L) since 1991 in numerous
investment roles. Prior to joining CFAM(L), he worked at Save and
Prosper as a fund manager and manager trainee capacity.

10
<PAGE>

GENERAL

This payment covers such things as compensation for services provided by
broker-dealers and expenses connected to the sale of shares. Payments are not
tied to actual expenses incurred.

Because 12b-1 expenses are paid out of the Fund's assets on an ongoing basis,
over time these fees will increase the cost of your investment and may cost you
more than other types of sales charges.

WHICH CLASS OF SHARES IS BEST?

Class C shares may be best if you prefer not to pay an initial sales charge and
you're not sure how long you intend to hold your investment.

You should also consider the distribution and service fees, which are lower
for Class A shares. These fees appear in the table called Annual Fund operating
expenses (expenses that are deducted from Fund assets) for the Fund.

Your investment representative may be able to advise you about the best class of
shares for you.

BUYING FUND SHARES

You can buy shares three ways:

THROUGH YOUR INVESTMENT REPRESENTATIVE
Tell your representative which Fund you want to buy and he or she will contact
us. Your representative may charge you a fee and may offer additional services,
such as special purchase and redemption programs. Some representatives charge a
single fee that covers all services. Your representative may impose different
minimum investments and earlier deadlines to buy and sell shares.

THROUGH THE CHASE VISTA FUNDS SERVICE CENTER
Call 1-800-34-VISTA
Or
Complete the application form and mail it along with a check for the amount you
want to invest to:

CHASE VISTA FUNDS SERVICE CENTER,
P.O. BOX 219392
KANSAS CITY, MO 64121-9392

THROUGH A SYSTEMATIC INVESTMENT PLAN
You can make regular automatic purchases of at least $100. See There's more on
the Systematic Investment Plan later in this document.

-------------------

11
<PAGE>

HOW YOUR ACCOUNT WORKS

The Fund invests in securities which are primarily listed on foreign exchanges
and these exchanges may trade on Saturdays or other United States holidays on
which the Fund does not price. As a result, Fund's portfolio will trade and its
NAV may fluctuate significantly on days when the investor has no access to the
Fund.

TO OPEN AN ACCOUNT, BUY OR SELL SHARES OR GET FUND INFORMATION, CALL:

------------------------------------
THE CHASE VISTA FUNDS SERVICE CENTER
------------------------------------
1-800-34-VISTA
------------------------------------

MINIMUM INVESTMENTS

<TABLE>
<CAPTION>
INITIAL ADDITIONAL
TYPE OF ACCOUNT INVESTMENT INVESTMENTS
--------------------------------------------------------------
<S> <C> <C>
REGULAR
ACCOUNT $2,500 $100
--------------------------------------------------------------
SYSTEMATIC
INVESTMENT
PLAN $1,000 $100
--------------------------------------------------------------
IRAS $1,000 $100
--------------------------------------------------------------
SEP-IRAS $1,000 $100
--------------------------------------------------------------
EDUCATION
IRAS $ 500 $100
--------------------------------------------------------------
</TABLE>

12
<PAGE>

SELLING FUND SHARES

You can sell your shares three ways:

THROUGH YOUR INVESTMENT REPRESENTATIVE
Tell your representative which Fund you want to sell. He or she will send the
necessary documents to the Chase Vista Funds Service Center. Your representative
might charge you for this service.

THROUGH THE CHASE VISTA FUNDS SERVICE CENTER
Call 1-800-34-VISTA. We will mail you a check or send the proceeds via
electronic transfer or wire. You cannot sell by phone if you have changed your
address of record within the previous 30 days. If you sell $25,000 or more worth
of Fund shares by phone, we'll send it by wire only to a bank account on our
records.
Or
Send a signed letter with your instructions to:

CHASE VISTA FUNDS SERVICE CENTER,
P.O. BOX 219392
KANSAS CITY, MO 64121-9392

THROUGH A SYSTEMATIC WITHDRAWAL PLAN
You can automatically sell as little as $50 worth of shares. See Shareholder
Services for details.

---------------------

You'll need to have signatures guaranteed for all registered owners or their
legal representative if:

- you want to sell shares with a net asset value of $100,000 or more

- you want your payment sent to an address other than the one we have in our
records.

We may also need additional documents or a letter from a surviving joint owner
before selling the shares. Contact the Chase Vista Funds Service Center for more
details.

EXCHANGING FUND SHARES

You can exchange your shares three ways:

THROUGH YOUR INVESTMENT REPRESENTATIVE
Tell your representative which Fund you want to exchange from and to. He or she
will send the necessary documents to the Chase Vista Funds

13
<PAGE>

HOW YOUR ACCOUNT WORKS

Service Center. Your representative might charge you for this service.

THROUGH THE CHASE VISTA FUNDS SERVICE CENTER
Call 1-800-34-VISTA to ask for details.

THROUGH A SYSTEMATIC EXCHANGE PLAN
You can automatically exchange money from one Chase Vista account to another of
the same class. Call the Chase Vista Funds Service Center for details.

---------------------

OTHER INFORMATION CONCERNING THE FUND

14
<PAGE>

Chase and/or VFD may, at their own expense, make additional payments to certain
selected dealers or other shareholder servicing agents for performing
administrative services for their customers. The amount may be up to an
additional 0.10% annually of the average net assets of the Fund attributable to
shares of the Funds held by customers of those shareholder servicing agents.

Chase and its affiliates and the Fund and its affiliates, agents and subagents
may share information about shareholders and their accounts with each other and
with others unless this sharing is prohibited by contract. The information can
be used for a variety of purposes, including offering investment and insurance
products to shareholders.

DISTRIBUTIONS AND TAXES

The Fund can earn income and can realize capital gain. The Fund deducts any
expenses then pay out these earnings to shareholders as distributions.

The Fund will distribute any net investment income at least semi-annually. Net
capital gain is distributed annually. You have three options for your
distributions. You may:

- reinvest all of them in additional Fund shares without a sales charge;

- take distributions of net investment income in cash or as a deposit in a
pre-assigned bank account and reinvest distributions of net capital gain in
additional shares; or

- take all distributions in cash or as a deposit in a pre-assigned bank account.

The Fund expects that its distributions will consist primarily of capital gains.

15
<PAGE>

HOW YOUR ACCOUNT WORKS

Early in each calendar year, the Fund will send you a notice showing the
amount of distributions you received in the preceding year and the tax status of
those distributions.

The above is a general summary of tax implications of investing in the Fund.
Please consult your tax adviser to see how investing in the Fund will affect
your own tax situation.

16
<PAGE>

SHAREHOLDER SERVICES

SYSTEMATIC INVESTMENT PLAN

You can regularly invest $100 or more in the first or third week of any month.
The money is automatically deducted from your checking or savings account.

SYSTEMATIC WITHDRAWAL PLAN

You can make regular withdrawals of $50 or more ($100 or more for Class B
accounts). You can have automatic withdrawals made monthly, quarterly or
semiannually. Your account must contain at least $5,000 to start the plan. Call
1-800-34-VISTA for complete instructions.

SYSTEMATIC EXCHANGE

You can transfer assets automatically from one Vista account to another on a
regular basis. It's a free service.

FREE EXCHANGE PRIVILEGE

You can exchange money between Chase Vista Funds in the same class without
charge. This allows you to adjust your investments as your objectives change.

REINSTATEMENT PRIVILEGE

17
<PAGE>

WHAT THE TERMS MEAN

DISTRIBUTION FEE: covers the cost of the distribution system used to sell shares
to the public.

FUNDAMENTAL RESEARCH: method which concentrates on "fundamental" information
about an issuer such as its financial statements, history, management, etc.

LIQUIDITY: the ability to easily convert investments into cash without losing a
significant amount of money in the process.

MANAGEMENT FEE: a fee paid to the investment adviser to manage the Fund and make
decisions about buying and selling the Fund's investments.

MATURITY: the length of time until the issuer who sold a debt security must pay
back the principal amount of the debt.

OTHER EXPENSES: miscellaneous items, including transfer agency, administration,
shareholder servicing, custody and registration fees.

SHAREHOLDER SERVICE FEE: a fee to cover the cost of paying shareholder servicing
agents to provide certain support services for your account.

18
<PAGE>

HOW TO REACH US

MORE INFORMATION

You'll find more information about the Funds in the following documents:

ANNUAL AND SEMI-ANNUAL REPORTS

STATEMENT OF ADDITIONAL INFORMATION (SAI)

The SAI contains more detailed information about the Funds and their policies.
By law, it's considered to be part of this prospectus.

You can get a free copy of these documents and other information, or ask us
any questions, by calling us at 1-800-34-VISTA or writing to:

CHASE VISTA FUND SERVICE CENTER
P.O. BOX 419392
KANSAS CITY, MO 64141-6392

PUBLIC REFERENCE SECTION OF THE SEC
WASHINGTON, DC 20549-0102.
1-202-942-8090
E-MAIL: [email protected]

Reports, a copy of the SAI and other information about the Funds is also
available on the SEC's website at http://www.sec.gov.

The Fund's Investment Company Act File No. is 811-5151

CHASE FLEMING FUNDS FULFILLMENT CENTER
393 MANLEY STREET
WEST BRIDGEWATER, MA 02379-1039
<PAGE>

PROSPECTUS
DECEMBER 29, 2000
--------------------------------------------------------------------------------

CHASE VISTA
EQUITY FUNDS

PACIFIC REGION FUND THIS PROSPECTUS OFFERS:

CLASS A, CLASS B AND CLASS C SHARES

[LOGO] CHASE
THE RIGHT RELATIONSHIP IS EVERYTHING.-Registered Trademark-

<PAGE>

<TABLE>
<S> <C>
PACIFIC REGION FUND 1
THE FUND'S INVESTMENT ADVISER 7

HOW YOUR ACCOUNT WORKS 8
BUYING FUND SHARES 11
SELLING FUND SHARES 13
EXCHANGING FUND SHARES 13
OTHER INFORMATION CONCERNING THE FUND 14
DISTRIBUTIONS AND TAXES 15

SHAREHOLDER SERVICES 17

WHAT THE TERMS MEAN 18

HOW TO REACH US BACK COVER
</TABLE>

<PAGE>

CHASE PACIFIC REGION FUND

THE FUND'S OBJECTIVE

The Fund will seek total return from long-term capital growth. Total return
consists of capital growth and current income.

THE FUND'S MAIN INVESTMENT STRATEGY

The Fund will invest principally in equity securities of foreign companies
located throughout the Asia-Pacific region, including Japan, Australia and New
Zealand. Under normal market conditions, the Fund will invest at least 65% of
its total assets in equity securities of such issuers. These investments may
take the form of depositary receipts. The Fund will invest in equity securities
of companies with various market capitalizations, including large, mid and small
capitalizations.

Equity securities include common stocks, preferred stocks, securities that are
convertible into common stocks and warrants to buy common stocks.

The Fund's advisers will perform quantitative analysis and fundamental research
in an attempt to identify companies with the best growth potential within the
Asia-Pacific region. They may look at growth-oriented factors, such as projected
earnings growth, improved earnings characteristics or price momentum.

The Fund's advisers will seek to identify industries and countries in the
Asian-Pacific region where economic and political factors are likely to produce
above-average growth rates. Then the advisers try to identify companies within
those industries and countries that are poised to take advantage of such
economic and political conditions. The Fund's advisers will continually review
economic and political events in the countries in which the Fund invests.

The Fund may invest in securities denominated in U.S. dollars, major reserve
currencies and currencies of other countries in which it can invest. The
advisers may adjust the Fund's exposure to each currency based on their view of
the markets and issuers. They will decide how much to invest in the securities
of a particular currency or country by evaluating the yield and potential growth
of an investment, as well as the relationship between the currency and the U.S.
dollar. They may increase or decrease the emphasis on a type of security,
industry, country or currency, based on their analysis of a variety of economic
factors, including fundamental economic strength, earnings growth, quality of
management, industry growth, credit quality and interest rate trends. The Fund
may purchase securities where the issuer is located in one country but the
security is denominated in the currency of another.

While the Fund is not limited in the amount it invests in any one country, it

1
<PAGE>

CHASE PACIFIC REGION FUND

will try to choose a wide range of industries and companies of varying sizes.
While the Fund invests primarily in equities, it may also invest in
investment-grade debt securities. Investment-grade means a rating of Baa or
higher by Moody's Investors Service, Inc., BBB or higher by Standard & Poor's
Corporation or the equivalent by another national rating organization or unrated
securities of comparable quality.

Under normal market conditions the Fund will be permitted to invest up to 35% of
its total assets in investment-grade debt securities, high-quality money-market
instruments and repurchase agreements. To temporarily defend its assets, the
Fund may invest any amount of its assets in high-quality money market
instruments and repurchase agreements and in debt securities issued by
supranational organizations and companies and governments of countries in which
the Fund can invest and short-term debt instruments issued or guaranteed by the
government of any member of the Organization for Economic Cooperation and
Development. These debt securities may be in various currencies. During unusual
market conditions, the Fund may invest up to 20% of its assets in U.S.
Government debt securities. Where the capital markets in certain countries are
either less developed or not easy to access, the Fund may invest in these
countries by investing in closed-end investment companies which are authorized
to invest in those countries.

The Fund may change any of these investment policies (including its investment
objective) without shareholder approval.

THE FUND'S MAIN INVESTMENT RISKS

All mutual funds carry a certain amount of risk. You may lose money on your
investment in the Fund. Here are some specific risks of investing in the Pacific
Region Fund.

The Fund may not achieve its objective if the advisers' expectations regarding
particular securities or markets are not met.

The value of shares of the Fund will be influenced by conditions in the stock
market as well as the performance of companies selected for the Fund's
portfolio.

Because the Fund invests mostly in securities of issuers outside the United
States, an investment in the Fund is riskier than an investment in a U.S. equity
fund. Investing in this Fund has added risk because of political and economic
factors in various countries in the Asia-Pacific region.

The Fund may not achieve its objective if companies which the advisers believe
will experience earnings growth do not grow as expected.

2
<PAGE>

Unsponsored depositary receipts may not provide as much information about the
underlying issuer and may not carry the same voting privileges as sponsored
depositary receipts.

The Fund's investments in developing countries could lead to more volatility in
the value of the Fund's shares. As mentioned above, the normal risks of
investing in foreign countries are heightened when investing in developing
countries. In addition, the small size of securities markets and the low trading
volume in many countries of the Asia-Pacific region may lead to a lack of
liquidity. Also, developing countries may not provide adequate legal protection
for private or foreign investment or private property.

The Fund's performance will be affected by political, social and economic
conditions in Southeast Asia, Japan, Australia and New Zealand.

Southeast Asian economies and financial markets have been extremely volatile in
recent years. Many of the countries in the region are developing, both
politically and economically. They may have relatively unstable governments and
economies based on only a few commodities or industries. The share price of
companies in the region tends to be volatile and there is a significant
possibility of loss. Also, some companies in the region may have less
established product markets or a limited management group and they may be more
vulnerable to political or economic conditions, like nationalization. In
addition, some countries have restricted the flow of money in and out of the
country.

Many of the currencies in Southeast Asia have recently experienced extreme
volatility relative to the U.S. dollar. For example, Thailand, Indonesia, the
Philippines and South Korea have had currency crises and have sought help from
the International Monetary Fund. If the Fund holds securities in currencies that
are devalued (or in companies whose revenues are substantially in currencies
that are devalued), that will hurt the value of the Fund.

The trading volume on Southeast Asian stock exchanges are much lower than in the
U.S., and stock markets in the region have been extremely volatile at times. As
a result, Southeast Asian securities of some companies are less liquid and more
volatile than similar U.S. securities. In addition, brokerage commissions on
regional stock exchanges are fixed and are generally higher than the negotiated
commissions in the U.S.

3
<PAGE>

CHASE PACIFIC REGION FUND

than half since then. This decline in the Tokyo stock market has made the
country's banks and financial institutions vulnerable because of their large
share portfolios. Japanese banks have been left with large numbers of
nonperforming loans. In addition, the Japanese economy labors under a heavy
government budget deficit and historically low interest rates. As a result of
these factors, several high-profile bankruptcies of Japanese banks, brokerage
firms and insurance companies have occurred.

Japan's relationship with its main trading partners, particularly the United
States, is in a difficult phase. This is because Japan sells far more highly
visible products, such as automobiles than it buys. The trade imbalance is the
largest with the United States. Japan's economy is also affected by economic
trouble in Southeast Asian countries since the demand for Japanese exports
fluctuates and since many Japanese banks and companies have invested in that
region.

The market value of convertible securities tends to decline as interest rates
increase and increase as interest rates decline. Their value also tends to
change whenever the market value of the underlying common or preferred stock
fluctuates. Securities that are rated Baa by Moody's or BBB by Standard & Poor's
(or, in each case, lower) may have fewer protective provisions than higher rated
securities. The issuer may have trouble making principal and interest payments
when difficult economic conditions exist.

If the Fund invests in closed-end investment companies, it may incur added
expenses such as additional management fees and trading costs.

The Fund may have to sell stocks at a loss in order to fund shareholder
redemptions. Redemptions are more likely to occur when prices of companies
located in the Asia-Pacific region are declining and prices of these securities
may fall more rapidly than those of other securities.

4
<PAGE>

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold
shares of the Fund.

<TABLE>
<CAPTION>
SHAREHOLDER FEES (FEES PAID DIRECTLY FROM YOUR INVESTMENT)

MAXIMUM SALES CHARGE MAXIMUM DEFERRED SALES
(LOAD) WHEN YOU BUY CHARGE (LOAD) SHOWN AS
SHARES, SHOWN AS % OF THE LOWER OF ORIGINAL PURCHASE
OFFERING PRICE(1) PRICE OR REDEMPTION PROCEEDS
--------------------------------------------------------------------------------
<S> <C> <C>
CLASS A SHARES 5.75% NONE
--------------------------------------------------------------------------------
CLASS B SHARES NONE 5.00%
--------------------------------------------------------------------------------
CLASS C SHARES NONE 1.00%
--------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
ANNUAL FUND OPERATING EXPENSES
(EXPENSES THAT ARE DEDUCTED FROM FUND ASSETS)*
TOTAL ANNUAL
MANAGEMENT DISTRIBUTION OTHER FUND OPERATING
CLASS OF SHARES FEES (12B-1) FEES EXPENSES EXPENSES
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CLASS A 1.00% 0.25% 0.90% 2.15%
--------------------------------------------------------------------------------
CLASS B 1.00% 0.75% 0.90% 2.65%
--------------------------------------------------------------------------------
CLASS C 1.00% 0.75% 0.90% 2.65%
--------------------------------------------------------------------------------
</TABLE>

(1)The offering price is the net asset value of the shares purchased plus any
sales charge.

* The table is based on estimated expenses for the current fiscal
year.

The table does not reflect charges or credits which you might incur if you
invest through a financial institution.

EXAMPLE This example helps you compare the cost of investing in the Fund with
the cost of investing in other mutual funds. The example assumes:

5
<PAGE>

CHASE PACIFIC REGION FUND

Although your actual costs may be higher or lower, based on these assumptions:

IF YOU SELL YOUR SHARES YOUR COSTS WOULD BE:

<TABLE>
<CAPTION>
1 YEAR 3 YEARS 5 YEARS 10 YEARS
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CLASS A* $781 $1,209 $1,663 $2,915
--------------------------------------------------------------------------------
CLASS B** $768 $1,123 $1,605 $2,863***
--------------------------------------------------------------------------------
CLASS C** $368 $823 $1,405 $2,983
--------------------------------------------------------------------------------
</TABLE>

IF YOU DON'T SELL YOUR SHARES YOUR COSTS WOULD BE:

6
<PAGE>

FUND'S INVESTMENT ADVISER

Chase Fleming Asset Management, (USA) Inc. (CFAM (USA)) is the investment
adviser to the Fund. It makes the day-to-day investment decisions for the
Fund. CFAM (USA) is a wholly-owned subsidiary of The Chase Manhattan
Corporation (CMC), a bank holding company. CFAM (USA) provides discretionary
investment advice to institutional clients and is located at 1211 Avenue of
the Americas, New York, New York 10036.

CFAM (USA) is entitled to receive an annual management fee at the rate of

- 1.00% of the average daily net assets of the Pacific Region Fund.

7
<PAGE>

HOW YOUR ACCOUNT WORKS

ABOUT SALES CHARGES

There's a sales charge to buy shares in the Fund. There are also ongoing charges
that all investors pay as long as they own their shares, as explained later.

There are a number of plans and special discounts which can decrease or even
eliminate these charges.

This section explains how the three sales charges work.

8
<PAGE>

CLASS A SHARES

The initial sales charge is deducted directly from the money you invest. As the
table shows, the charge is lower the more you invest. The public offering
price of Class A shares is the net asset value plus the initial sales charge.
Net asset value is the value of everything the Fund owns, minus everything it
owes, divided by the number of shares held by investors. The Fund receives the
net asset value.

<TABLE>
<CAPTION>
TOTAL SALES CHARGE

AS % OF THE
OFFERING AS % OF
PRICE NET AMOUNT
AMOUNT OF PER SHARE INVESTED
INVESTMENT
-----------------------------------------
<S> <C> <C>
LESS THAN
$100,000 5.75% 6.10%
-----------------------------------------
$100,000
BUT UNDER
$250,000 3.75% 3.90%
-----------------------------------------
$250,000
BUT UNDER
$500,000 2.50% 2.56%
-----------------------------------------
$500,000
BUT UNDER
$1 MILLION 2.00% 2.04%
-----------------------------------------
</TABLE>

There is no sales charge for investments of $1 million or more.

CLASS B SHARES

The deferred sales charge is deducted directly from your assets when you sell
your shares. It's a percentage of the original purchase price or the current
value of the shares, whichever is lower. As the table shows, the deferred sales
charge gets lower the longer you hold the shares and disappears altogether
after six years. Class B shares automatically convert into Class A shares at the
beginning of the ninth year after you bought them.

<TABLE>
<CAPTION>
YEAR DEFERRED SALES CHARGE
-----------------------------------------
<S> <C>
1 5%
-----------------------------------------
2 4%
-----------------------------------------
3 3%
-----------------------------------------
4 3%
-----------------------------------------
5 2%
-----------------------------------------
6 1%
-----------------------------------------
7 NONE
-----------------------------------------
8 NONE
-----------------------------------------
</TABLE>

CLASS C SHARES

Like Class B shares, Class C shares have higher combined distribution and
service fees. Unlike Class B shares, Class C shares are never converted to Class
A shares. That means you keep paying the higher service and distribution fees
as long as you hold them. Over the long term, this can add up to higher total
fees than either Class A or Class B shares.

9
<PAGE>

HOW YOUR ACCOUNT WORKS

THE PORTFOLIO MANAGERS

PACIFIC REGION FUND

Portfolio Manager Roger Ellis, Chief Investment Officer Asia Pacific and Head of
the Pacific Regional Group, is responsible for the management of the Fund's
portfolio. Mr. Ellis joined Jardine Fleming, Hong Kong, as an Investment Manager
in 1989 and was appointed a Director of Jardine Fleming Investment Management in
1991. In 1994, he was appointed to the Main Board of the Jardine Fleming Group.
In 1984 he became Assistant Manager of Private Banking at HSBC, Zurich managing
Asian and European Equity Funds. He joined Pierson Capital Management, Hong Kong
as a Director, managing Asian Equity Funds in 1987. Joined Hong Kong and
Shanghai Banking Corp. (HSBC), London and Hong Kong, as an Executive Officer in
1981. He has managed FF-Fleming Pacific Fund since July 1998.

10
<PAGE>

GENERAL

This payment covers such things as compensation for services provided by
broker-dealers and expenses connected to the sale of shares. Payments are not
tied to actual expenses incurred.

Because 12b-1 expenses are paid out of the Fund's assets on an ongoing basis,
over time these fees will increase the cost of your investment and may cost you
more than other types of sales charges.

WHICH CLASS OF SHARES IS BEST?

Class C shares may be best if you prefer not to pay an initial sales charge and
you're not sure how long you intend to hold your investment.

Your investment representative may be able to advise you about the best class
of shares for you.

BUYING FUND SHARES

You can buy shares three ways:

THROUGH YOUR INVESTMENT REPRESENTATIVE

THROUGH THE CHASE VISTA FUNDS SERVICE CENTER
Call 1-800-34-VISTA

Complete the application form and mail it along with a check for the amount you
want to invest to:

CHASE VISTA FUNDS SERVICE CENTER,
P.O. BOX 219392
KANSAS CITY, MO 64121-9392

THROUGH A SYSTEMATIC INVESTMENT PLAN
You can make regular automatic purchases of at least $100. See There's more on
the Systematic Investment Plan later in this document.

----------------

11
<PAGE>

HOW YOUR ACCOUNT WORKS

Whether you choose Class A, Class B or Class C shares, the price of the shares
is based on the net asset value per share (NAV). NAV is the value of everything
the Fund owns, minus everything it owes, divided by the number of shares held by
investors. You'll pay the public offering price, which is based on the next NAV
calculated after the Chase Vista Funds Service Center accepts your instructions.
The Fund calculates its NAV once each day at the close of regular trading on
the New York Stock Exchange. The Fund generally values its assets at their
market value but may use fair value if market prices are unavailable. The Chase
Vista Funds Service Center will not accept your order until it is in proper
form. An order is in proper form only after payment is converted into federal
funds.

The Fund invests in securities which are primarily listed on foreign exchanges
and these exchanges may trade on Saturdays or other United States holidays on
which the Fund does not price. As a result, the portfolio will trade and its
NAV may fluctuate significantly on days when the investor has no access to the
Fund.

You must provide a Social Security Number or Taxpayer Identification
Number when you open an account. The Fund has the right to refuse any purchase
order or to stop offering shares for sale at any time.

TO OPEN AN ACCOUNT, BUY OR SELL SHARES OR GET FUND INFORMATION, CALL:

-----------------------------------------
THE CHASE VISTA FUNDS SERVICE CENTER
-----------------------------------------
1-800-34-VISTA
-----------------------------------------

MINIMUM INVESTMENTS

<TABLE>
<CAPTION>
INITIAL ADDITIONAL
TYPE OF ACCOUNT INVESTMENT INVESTMENTS
----------------------------------------------
<S> <C> <C>
REGULAR
ACCOUNT $2,500 $100
----------------------------------------------
SYSTEMATIC
INVESTMENT
PLAN $1,000 $100
----------------------------------------------
IRAS $1,000 $100
----------------------------------------------
SEP-IRAS $1,000 $100
----------------------------------------------
EDUCATION
IRAS $ 500 $100
----------------------------------------------
</TABLE>

12
<PAGE>

SELLING FUND SHARES

You can sell your shares three ways:

Send a signed letter with your instructions to:

CHASE VISTA FUNDS SERVICE CENTER,
P.O. BOX 219392
KANSAS CITY, MO 64121-9392

THROUGH A SYSTEMATIC WITHDRAWAL PLAN
You can automatically sell as little as $50 worth of shares. See Shareholder
Services for details.

----------------

You can sell your shares on any day the Chase Vista Funds
Service Center is accepting purchase orders. You'll receive the next NAV
calculated after the Chase Vista Funds Service Center accepts your order, less
any applicable sales charges.

You'll need to have signatures guaranteed for all registered owners or their
legal representative if:

- you want to sell shares with a net asset value of $100,000 or more

- you want your payment sent to an address other than the one we have in our
records.

We may also need additional documents or a letter from a surviving joint owner
before selling the shares. Contact the Chase Vista Funds Service Center for more
details.

EXCHANGING FUND SHARES

You can exchange your shares three ways:

THROUGH YOUR INVESTMENT REPRESENTATIVE
Tell your representative which Fund you want to exchange from and to. He or she
will send the necessary documents to the Chase Vista Funds

13
<PAGE>

HOW YOUR ACCOUNT WORKS

Service Center. Your representative might charge you for this service.

THROUGH THE CHASE VISTA FUNDS SERVICE CENTER
Call 1-800-34-VISTA to ask for details.

THROUGH A SYSTEMATIC EXCHANGE PLAN
You can automatically exchange money from one Chase Vista account to another of
the same class. Call the Chase Vista Funds Service Center for details.

----------------

OTHER INFORMATION CONCERNING THE FUND

14
<PAGE>

Chase and its affiliates and the Fund and its affiliates, agents and subagents
may share information about shareholders and their accounts with each other
and with others unless this sharing is prohibited by contract. The information
can be used for a variety of purposes, including offering investment and
insurance products to shareholders.

DISTRIBUTIONS AND TAXES

The Fund can earn income and can realize capital gain. The Fund deducts any
expenses then pay out these earnings to shareholders as distributions.

The Fund will distribute any net investment income at least semiannually. Net
capital gain is distributed annually. You have three options for your
distributions. You may:

- reinvest all of them in additional Fund shares without a sales charge;

- take distributions of net investment income in cash or as a deposit in a
pre-assigned bank account and reinvest distributions of net capital gain
in additional shares; or

- take all distributions in cash or as a deposit in a pre-assigned bank
account.

If you don't select an option when you open your account, we'll reinvest all
distributions. If your distributions are reinvested, they will be in the form
of shares of the same class. The taxation of dividends won't be affected by
the form in which you receive them.

The Fund expects that its distributions will consist primarily of capital gains.

Investment income received by the Fund from sources in foreign countries may
be subject to foreign taxes withheld at the source. Since it is anticipated that
more than 50% of the Fund's assets at the close of its taxable year will be in
securities of foreign corporations, the Fund may elect to "pass through" to its
shareholder the foreign taxes that it paid.

15
<PAGE>

HOW YOUR ACCOUNT WORKS

Early in each calendar year, the Fund will send you a notice showing the
amount of distributions you received in the preceding year and the tax status of
those distributions.

The above is a general summary of tax implications of investing in the Fund.
Please consult your tax adviser to see how investing in the Fund will affect
your own tax situation.

16
<PAGE>

SHAREHOLDER SERVICES
SYSTEMATIC INVESTMENT PLAN

You can regularly invest $100 or more in the first or third week of any month.
The money is automatically deducted from your checking or savings account.

You can set up a plan when you open an account by completing the appropriate
section of the application. Current shareholders can join by sending a signed
letter and a deposit slip or void check to the Chase Vista Funds Service
Center. Call 1-800-34-VISTA for complete instructions.

SYSTEMATIC WITHDRAWAL PLAN

You can make regular withdrawals of $50 or more ($100 or more for Class B
accounts). You can have automatic withdrawals made monthly, quarterly or
semiannually. Your account must contain at least $5,000 to start the plan. Call
1-800-34-VISTA for complete instructions.

SYSTEMATIC EXCHANGE

You can transfer assets automatically from one Vista account to another on a
regular basis. It's a free service.

FREE EXCHANGE PRIVILEGE

You can exchange money between Chase Vista Funds in the same class without
charge. This allows you to adjust your investments as your objectives change.

REINSTATEMENT PRIVILEGE

17
<PAGE>

WHAT THE TERMS MEAN

DISTRIBUTION FEE: covers the cost of the distribution system used to sell shares
to the public.

FUNDAMENTAL RESEARCH: method which concentrates on "fundamental"information
about an issuer such as its financial statements, history, management, etc.

LIQUIDITY: the ability to easily convert investments into cash without losing
a significant amount of money in the process.

MANAGEMENT FEE: a fee paid to the investment adviser to manage the Fund and make
decisions about buying and selling the Fund's investments.

MATURITY: the length of time until the issuer who sold a debt security must pay
back the principal amount of the debt.

OTHER EXPENSES: miscellaneous items, including transfer agency, administration,
shareholder servicing, custody and registration fees.

REPURCHASE AGREEMENTS: a type of short-term investment in which a dealer sells
securities to the Fund and agrees to buy them back later at a set price. The
price includes interest. In effect, the dealer is borrowing the Fund's money
for a short time, using the securities as collateral.

SHAREHOLDER SERVICE FEE: a fee to cover the cost of paying shareholder servicing
agents to provide certain support services for your account.

<PAGE>

HOW TO REACH US

MORE INFORMATION

You'll find more information about the Funds in the following documents:

ANNUAL AND SEMI-ANNUAL REPORTS

STATEMENT OF ADDITIONAL INFORMATION (SAI)

The SAI contains more detailed information about the Funds and their policies.
By law, it's considered to be part of this prospectus.

You can get a free copy of thes documents and other information, or ask us any
questions, by calling us at 1-800-34-VISTA or writing to:

CHASE VISTA FUND SERVICE CENTER
P.O. BOX 419392
KANSAS CITY, MO 64141-6392

You can write or e-mail the SEC's Public Reference Room and ask them to mail you
information about the Funds, including the SAI. They'll charge you a copying
fee for this service. You can also visit the Public Reference Section and copy
the documents while you're there.

PUBLIC REFERENCE SECTION OF THE SEC
WASHINGTON, DC 20549-0102.
1-202-942-8090
E-MAIL: [email protected]

Reports, a copy of the SAI and other informaiton about the FUnds is also
available on the SEC's website at http://www.sec.gov.

The Fund's Investment Company Act File No. is 811-5151

CHASE FLEMING FUNDS FULFILLMENT CENTER
393 MANLEY STREET
WEST BRIDGEWATER, MA 02379-1039

<PAGE>

PART C

MUTUAL FUND GROUP
PART C. OTHER INFORMATION

ITEM 23. Exhibits

Exhibit
Number
-------

1(a) Declaration of Trust, as amended. (1)
1(b) Certificate of Amendment to Declaration of Trust dated December 14,
1995.(6)
1(c) Certificate of Amendment to Declaration of Trust dated October 19,
1995.(6)
1(d) Certificate of Amendment to Declaration of Trust dated July 25, 1993.(6)
1(e) Certificate of Amendment to Declaration of Trust dated November 1997.(10)
1(f) Certificate of Amendment to Declaration of Trust dated June 5, 1998.(12)
2 By-laws, as amended. (1)
3 None.
4(a) Form of Investment Advisory Agreement.(6)
4(b) Form of Sub-Advisory Agreement between The Chase Manhattan Bank and Chase
Asset Management, Inc.(6)
5 Distribution and Sub-Administration Agreement dated August 21, 1995.(6)
6(a) Retirement Plan for Eligible Trustees.(6)
6(b) Deferred Compensation Plan for Eligible Trustees.(6)
7 Custodian Agreement. (1)
8(a) Transfer Agency Agreement. (1)
8(b) Form of Shareholder Servicing Agreement. (6)

C-1

<PAGE>

8(c) Form of Administration Agreement.(6)

9 Opinion re: Legality of Securities being Registered.(1)

10 Consent of Price Waterhouse LLP.(13)

11 In Part B: Financial Statements and the Reports thereon for the
Funds filed herein are incorporated by reference into
Part B as part of the 1999 Annual Reports to
Shareholders for such Funds as filed with the Securities
and Exchange Commission by Mutual Fund Group on Form
N-30D on January 5, 2000, accession number
0000950146-00-000021, 0000950146-00-000023,
0000950146-00-000024, and 0000950146-00-000025 which are
incorporated into Part B by reference.

12 None.

13(a) Rule 12b-1 Distribution Plan of Mutual Funds including Selected Dealer
Agreement and Shareholder Service Agreement. (1)
13(b) Rule 12b-1 Distribution Plan - Class B Shares (including forms of Selected
Dealer Agreement and Shareholder Servicing Agreement).(6)
13(c) Form of Rule 12b-1 Distribution Plan - Class C Shares (including forms of
Shareholder Servicing Agreements).(9)

14 Financial Data Schedule.(11)

15 Form of Rule 18f-3 Multi-Class Plan.(6)
99(a) Powers of Attorney for: Fergus Reid, III, H. Richard Vartabedian, William
J. Armstrong, John R.H. Blum, Stuart W. Cragin, Jr., Roland R. Eppley,
Jr., Joseph J. Harkins, W.D. MacCallan, W. Perry Neff, Richard E. Ten
Haken, Irving L. Thode.(8)
99(b) Powers of Attorney for: Sarah E. Jones and Leonard M. Spalding, Jr.(9)

----------

(1) Filed as an exhibit to Amendment No. 6 to the Registration Statement on
Form N-1A of the Registrant (File No. 33-14196) as filed with the
Securities and Exchange Commission on March 23, 1990.
(2) Filed as an exhibit to Amendment No. 15 to the Registration Statement on
Form N-1A of the Registrant (File No. 33-14196) as filed with the
Securities and Exchange Commission on October 30, 1992.
(3) Filed as an Exhibit to Amendment No. 26 to the Registration Statement on
Form N-1A of the Registrant (File No. 33-14196) on June 30, 1994.
(4) Filed as an Exhibit to Amendment No. 27 to the Registration Statement on
Form N-1A of the Registrant (File No. 33-14196) on October 3, 1994.
(5) Filed as an Exhibit to Amendment No. 31 to the Registration Statement on
Form N-1A of the Registrant (File No. 33-14196) on November 13, 1995.
(6) Filed as an Exhibit to Amendment No. 32 to the Registration Statement on
Form N-1A of the Registrant (File No. 33-14196) on December 28, 1995.
(7) Filed as an Exhibit to Amendment No. 42 to the Registration Statement on
Form N-1A of the Registrant (File No. 33-14196) on February 28, 1997.
(8) Incorporated by reference to Post-Effective Amendment No. 7 to the
Registration Statement on Form N-1A of Mutual Fund Trust (File No.
33-75250) as filed with the Securities and Exchange Commission on
September 6, 1996.
(9) Filed as an Exhibit to Amendment No. 45 to the Registration Statement on
Form N-1A of the Registrant (File No. 33-14196) filed on October 28, 1997.
(10) Filed as an Exhibit to Amendment No. 46 to the Registration Statement on
Form N-1A of the Registrant (File No. 33-14196) filed on December 1, 1997.
(11) Filed as an Exhibit to Amendment No. 50 to the Registration Statement on
Form N-1A on February 27, 1998.
(12) Filed as an Exhibit to Amendment No. 53 to the Registration Statement on
Form N-1A on June 29, 1998.

(13) Filed herewith.

ITEM 24. Persons Controlled by or Under Common
Control with Registrant

Not applicable

C-2
<PAGE>

ITEM 25. Indemnification

Reference is hereby made to Article V of the Registrant's
Declaration of Trust.

The Trustees and officers of the Registrant and the personnel of the
Registrant's investment adviser, administrator and distributor are insured under
an errors and omissions liability insurance policy. The Registrant and its
officers are also insured under the fidelity bond required by Rule 17g-1 under
the Investment Company Act of 1940.

Under the terms of the Registrant's Declaration of Trust, the
Registrant may indemnify any person who was or is a Trustee, officer or employee
of the Registrant to the maximum extent permitted by law; provided, however,
that any such indemnification (unless ordered by a court) shall be made by the
Registrant only as authorized in the specific case upon a determination that
indemnification of such persons is proper in the circumstances. Such
determination shall be made (i) by the Trustees, by a majority vote of a quorum
which consists of Trustees who are neither in Section 2(a)(19) of the Investment
Company Act of 1940, nor parties to the proceeding, or (ii) if the required
quorum is not obtainable or, if a quorum of such Trustees so directs, by
independent legal counsel in a written opinion. No indemnification will be
provided by the Registrant to any Trustee or officer of the Registrant for any
liability to the Registrant or shareholders to which he would otherwise be
subject by reason of willful misfeasance, bad faith, gross negligence or
reckless disregard of duty.

Insofar as the conditional advancing of indemnification monies for
actions based upon the Investment Company Act of 1940 may be concerned, such
payments will be made only on the following conditions: (i) the advances must be
limited to amounts used, or to be used, for the preparation or presentation of a
defense to the action, including costs connected with the preparation of a
settlement; (ii) advances may be made only upon receipt of a written promise by,
or on behalf of, the recipient to repay that amount of the advance which exceeds
that amount to which it is ultimately determined that he is entitled to receive
from the Registrant by reason of indemnification; and (iii) (a) such promise
must be secured by a surety bond, other suitable

C-3
<PAGE>

insurance or an equivalent form of security which assures that any repayments
may be obtained by the Registrant without delay or litigation, which bond,
insurance or other form of security must be provided by the recipient of the
advance, or (b) a majority of a quorum of the Registrant's disinterested,
non-party Trustees, or an independent legal counsel in a written opinion, shall
determine, based upon a review of readily available facts, that the recipient of
the advance ultimately will be found entitled to indemnification.

Insofar as indemnification for liability arising under the
Securities Act of 1933 may be permitted to trustees, officers and controlling
persons of the Registrant pursuant to the foregoing provisions, or otherwise,
the Registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed
in the Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a trustee, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such trustee, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of it counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Act and will
be governed by the final adjudication of such issue.

ITEM 26(a). Business and Other Connections of Investment Adviser

The Chase Manhattan Bank (the "Adviser") is a commercial bank
providing a wide range of banking and investment services.

To the knowledge of the Registrant, none of the Directors or
executive officers of the Adviser, except those described below, are or have
been, at any time during the past two years, engaged in any other business,
profession, vocation or employment of a substantial nature, except that certain
Directors and executive officers of the Adviser also hold or have held various
positions with bank and non-bank affiliates of the Adviser, including its
parent, The Chase Manhattan Corporation. Each Director listed below is also a
Director of The Chase Manhattan Corporation.

<TABLE>
<CAPTION>
Principal Occupation or Other
Position with Employment of a Substantial
Name the Adviser Nature During Past Two Years
---- ------------- -----------------------------
<S> <C> <C>
Thomas G. Labreque President and Chief Operating Officer Chairman, Chief Executive Officer
and Director and a Director of The Chase
Manhattan Corporation and a Director
of AMAX, Inc.

M. Anthony Burns Director Chairman of the Board, President
and Chief Executive Officer of
Ryder System, Inc.

C-4
<PAGE>

<S> <C> <C>
H. Laurance Fuller Director Chairman, President, Chief
Executive Officer and Director of
Amoco Corporation and Director of
Abbott Laboratories

Henry B. Schacht Director Chairman and Chief Executive
Officer of Cummins Engine
Company, Inc. and a Director of
each of American Telephone and
Telegraph Company and CBS Inc.

C-5
<PAGE>

<S> <C> <C>
James L. Ferguson Director Retired Chairman and Chief
Executive Officer of General Foods
Corporation

William H. Gray III Director President and Chief Executive
Officer of the United Negro College
Fund, Inc.

Frank A. Bennack, Jr. Director President and Chief Executive Officer
The Hearst Corporation

Susan V. Berresford Director President, The Ford Foundation

Melvin R. Goodes Director Chairman of the Board and Chief Executive
Officer, The Warner-Lambert Company

George V. Grune Director Retired Chairman and Chief Executive
Officer, The Reader's Digest Association,
Inc.; Chairman, The DeWitt Wallace-
Reader's Digest Fund; The Lila-Wallace
Reader's Digest Fund

William B. Harrison, Jr. Vice Chairman of the Board

Harold S. Hook Director Chairman and Chief Executive Officer,
General Corporation

Helen L. Kaplan Director Of Counsel, Skadden, Arps, Slate, Meagher
& Flom

Walter V. Shipley Chairman of the Board and
Chief Executive Officer

Andrew C. Sigler Director Chairman of the Board and Chief
Executive Officer, Champion International
Corporation

John R. Stafford Director Chairman, President and Chief Executive
Officer, American Home Products
Corporation

Marina v. N. Whitman Director Professor of Business Administration and
Public Policy, University of Michigan
</TABLE>

C-6
<PAGE>

Item 26(b)

Chase Asset Management ("CAM") is an Investment Advisor providing investment
services to institutional clients.

To the knowledge of the Registrant, none of the Directors or
executive officers of the CAM, except those described below, are or have been,
at any time during the past two years, engaged in any other business,
profession, vocation or employment of a substantial nature, except that certain
Directors and executive officers of the CAM also hold or have held various
positions with bank and non-bank affiliates of the Advisor, including its
parent, The Chase Manhattan Corporation.

Principal Occupation or Other
Position with Employment of a Substantial
Name the Sub-Advisor Nature During Past Two Years
---- --------------- ----------------------------

James Zeigon Chairman and Director Director of Chase
Asset Management
(London) Limited

Steven Prostano Executive Vice President Chief Operating Officer
and Chief Operating Officer and Director of Chase
Asset Management
(London) Limited

Mark Richardson President and Chief Chief Investment Officer
Investment Officer and Director of Chase
Asset Management
(London) Limited

Item 26(c)

Chase Asset Management (London) Limited ("CAM London") is an
Investment Advisor providing investment services to institutional clients.

To the knowledge of the Registrant, none of the Directors or
executive officers of CAM London, except those described below, are or have
been, at any time during the past two years, engaged in any other business,
profession, vocation or employment of a substantial nature, except that certain
Directors and executive officers of CAM London also hold or have held various
positions with bank and non-bank affiliates of the Advisor, including its
parent, The Chase Manhattan Corporation.

Principal Occupation or Other
Position with Employment of a Substantial
Name the Sub-Advisor Nature During Past Two Years
---- --------------- ----------------------------

Michael Browne Director Fund Manager, The Chase Manhattan
Bank, N.A.; Fund Manager, BZW
Investment Management

David Gordon Ross Director Head of Global Fixed Income
Management, Chase Asset Management,
Inc.; Vice President, The Chase
Manhattan Bank, N.A.

Brian Harte Director Investment Manager, The Chase
Manhattan Bank, N.A.

Cornelia L. Kiley Director

James Zeigon Director Chairman and Director of Chase
Asset Management, Inc.

Mark Richardson Chief Investment Director, President and Chief
Officer and Director Operating Officer of Chase Asset
Management, Inc.

Steve Prostano Chief Operating Director, Executive Vice President
Officer and and Chief Operating Officer of Chase
Director Asset Management, Inc.

C-7
<PAGE>

ITEM 27. Principal Underwriters

(a) Vista Fund Distributors, Inc., a wholly-owned subsidiary of The BISYS
Group, Inc. is the underwriter for Mutual Fund Group, Mutual Fund Trust and
Mutual Fund Select Trust.

(b) The following are the Directors and officers of Vista Fund
Distributors, Inc. The principal business address of each of these persons, is
listed below.

<TABLE>
<CAPTION>
Position and Offices Position and Offices
Name and Address with Distributor with the Registrant
---------------- -------------------- --------------------
<S> <C> <C>
Lynn J. Mangum Chairman None
150 Clove Street
Little Falls, NJ 07424

Robert J. McMullan Director and Exec. Vice President None
150 Clove Street
Little Falls, NJ 07424

Lee W. Schultheis President None
101 Park Avenue, 16th Floor
New York, NY 10178

George O. Martinez Senior Vice President None
3435 Stelzer Road
Columbus, OH 43219

Irimga McKay Vice President None
1230 Columbia Street
5th Floor, Suite 500
San Diego, CA 92101

Michael Burns Vice President/Compliance None
3435 Stelzer Road
Columbus, OH 43219

William Blundin Vice President None
125 West 55th Avenue
11th Floor
New York, NY 10019

Dennis Sheehan Vice President None
150 Clove Street
Little Falls, NJ 07424

Annamaria Porcaro Assistant Secretary None
150 Clove Street
Little Falls, NJ 97424

Robert Tuch Assistant Secretary None
3435 Stelzer Road
Columbus, OH 43219

Stephen Mintos Executive Vice President/COO None
3435 Stelzer Road
Columbus, OH 43219

Dale Smith Vice President/CFO None
3435 Stelzer Road
Columbus, OH 43219

William J. Tomko Vice President None
3435 Stelzer Road
Columbus, OH 43219
</TABLE>

C-8
<PAGE>

ITEM 28. Location of Accounts and Records

The accounts and records of the Registrant are located, in whole or
in part, at the office of the Registrant and the following locations:

Name Address
---- -------

Vista Fund Distributors, Inc. One Chase Manhattan Plaza, 3rd Floor
New York, NY 10081

DST Systems, Inc. 210 W. 10th Street,
Kansas City, MO 64105

The Chase Manhattan Bank 270 Park Avenue,
New York, NY 10017

Chase Asset Mangement, Inc. 1211 Avenue of the
Americas,
New York, NY 10036

Chase Asset Management, Ltd. (London) Colvile House
32 Curzon Street
London, England W1Y8AL

The Chase Manhattan Bank One Chase Square,
Rochester, NY 14363

ITEM 29. Management Services

Not applicable

ITEM 30. Undertakings

Registrant undertakes that its trustees shall promptly call a
meeting of shareholders of the Trust for the purpose of voting upon the question
of removal of any such trustee or trustees when requested in writing so to do by
the record holders of not less than 10 per centum of the outstanding shares of
the Trust. In addition, the Registrant shall, in certain circumstances, give
such shareholders assistance in communicating with other shareholders of a fund
as required by Section 16(c) of the Investment Company Act of 1940.

C-9
<PAGE>

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment
Company Act of 1940, the Registrant has certified that it meets all requirements
for effectiveness pursuant to Rule 485(b) under the Securities Act of 1933 and
has duly caused this Post-Effective Amendment to its Registration Statement on
Form N-1A to be signed on its behalf by the undersigned, thereunto duly
authorized, in the city of New York and the State of New York on the 28th day of
December, 2000.

MUTUAL FUND GROUP

By /s/ H. Richard Vartabedian
--------------------------
H. Richard Vartabedian
President

Pursuant to the requirements of the Securities Act of 1933, this Post-Effective
Amendment to the Registration Statement has been signed below by the following
persons in the capacities and on the dates indicated.

* Chairman and Trustee December 28, 2000
-------------------------------
Fergus Reid, III

/s/ H. Richard Vartabedian President December 28, 2000
------------------------------- and Trustee
H. Richard Vartabedian

* Trustee December 28, 2000
-------------------------------
William J. Armstrong

* Trustee December 28, 2000
-------------------------------
John R.H. Blum

* Trustee December 28, 2000
-------------------------------
Stuart W. Cragin, Jr.

*
------------------------------- Trustee December 28, 2000
Roland R. Eppley, Jr.

* Trustee December 28, 2000
-------------------------------
Joseph J. Harkins

* Trustee December 28, 2000
-------------------------------
Sarah E. Jones

*
------------------------------- Trustee December 28, 2000
W.D. MacCallan

*
------------------------------- Trustee December 28, 2000
W. Perry Neff

* Trustee December 28, 2000
-------------------------------
Leonard M. Spalding, Jr.

* Trustee December 28, 2000
-------------------------------
Irv Thode

* Trustee December 28, 2000
-------------------------------
Richard E. Ten Haken

/s/ Martin R. Dean Treasurer and December 28, 2000
------------------------------- Principal Financial
Martin R. Dean Officer

/s/ H. Richard Vartabedian Attorney in December 28, 2000
------------------------------- Fact
H. Richard Vartabedian