MUTUAL FUND GROUP/MA
497, 2000-11-01
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                             Chase Vista Bond Funds
                        Supplement Dated November 1, 2000
                              Class A, B, C Shares
                       Prospectus Dated February 28, 2000


On October 24, 2000, the Board of Trustees of the Chase Vista Funds approved the
following reorganizations:

Current Fund                                 Successor Fund
------------                                 --------------
Chase Vista Bond Fund                        Chase Vista Select Bond Fund
Chase Vista US Government Securities Fund    Chase Vista US Treasury Income Fund

Shareholders of record of each Current Fund as of November 10, 2000 will be
mailed a proxy statement giving them the opportunity to vote on a proposed
reorganization at a special shareholders' meeting on January 26, 2001. Under
each proposal, the Current Fund will transfer all of its assets and liabilities
to the Successor Fund listed across from it in the table above in exchange for
shares of the Successor Fund. As a result, the Current Fund shareholders would
receive a number of Class A shares of the Successor Fund with a total net asset
value equal on the date of the exchange to the total net asset value of the
shareholders' Current Fund shares. For the Chase Vista Select Bond Fund, the
Class A Shares will be newly created. If approved by the shareholders, the
reorganization will take place on Monday, February 19, 2001 or another date
recommended by the Board of Trustees of the Chase Vista Funds.


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