MUTUAL FUND TRUST
NSAR-B, 1996-10-30
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<PAGE>      PAGE  1
000 B000000 08/31/96
000 C000000 0000919034
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 MUTUAL FUND TRUST
001 B000000 811-8358
001 C000000 2124921600
002 A000000 101 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10178
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 12
007 C010100  1
007 C020100 VISTA FEDERAL MONEY MARKET FUND
007 C030100 N
007 C010200  2
007 C020200 VISTA TREASURY PLUS MONEY MARKET FUND
007 C030200 N
007 C010300  3
007 C020300 VISTA U.S. GOVERNMENT MONEY MARKET FUND
007 C030300 N
007 C010400  4
007 C020400 VISTA CASH MANAGEMENT FUND
007 C030400 N
007 C010500  5
007 C020500 VISTA PRIME MONEY MARKET FUND
007 C030500 N
007 C010600  6
007 C020600 VISTA TAX FREE MONEY MARKET FUND
007 C030600 N
007 C010700  7
007 C020700 VISTA NEW YORK TAX FREE MONEY MARKET FUND
007 C030700 N
007 C010800  8
007 C020800 VISTA CALIFORNIA TAX FREE MONEY MARKET FUND
007 C030800 N
007 C010900  9
007 C020900 VISTA TAX FREE INCOME FUND
007 C030900 N
007 C011000 10
007 C021000 VISTA NEW YORK TAX FREE INCOME FUND
<PAGE>      PAGE  2
007 C031000 N
007 C011100 11
007 C021100 VISTA CALIFORNIA INTERMEDIATE TAX FREE FUND
007 C031100 N
007 C011200 12
007 C021200 VISTA 100% U.S. TREASURY SECURITIES MM FUND
007 C031200 N
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
008 A00AA01 CHASE MANHATTAN BANK
008 B00AA01 A
008 C00AA01 801-000000
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10017
008 A00AA02 .HASE ASSET MANAGEMENT
008 B00AA02 S
008 C00AA02 801-000000
008 D01AA02 NEW YORK
008 D02AA02 NY
008 D03AA02 10036
011 A00AA01 VISTA FUND DISTRIBUTORS, INC.
011 B00AA01 8-00000000
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10178
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   28
019 C00AA00 VISTAFAMIL
020 A000001 MERRILL LYNCH
020 C000001     71
020 A000002 JARDINE FLEMMING
020 C000002     53
020 A000003 TENDER OFFER
020 C000003     35
020 A000004 AUTRENET
020 C000004     32
020 A000005 KAY HIAN
020 C000005     30
020 A000006 MONTGOMERY
020 C000006     23
020 A000007 LEHMAN BROTHERS
020 C000007     22
020 A000008 SEI FINANCIAL
<PAGE>      PAGE  3
020 C000008     21
020 A000009 WEEDEN & CO.
020 C000009     18
020 A000010 JAMES CAPEL
020 C000010     17
021  000000      323
022 A000001 JP MOTGAN SECURITIES
022 C000001  60269932
022 D000001   1205052
022 A000002 MORGAN STANLEY
022 C000002  52818009
022 D000002    183823
022 A000003 LEHMAN BROTHERS
022 C000003  38798479
022 D000003   2592832
022 A000004 AGL
022 C000004  32090699
022 D000004   7182642
022 A000005 GOLDMAN SACHS
022 C000005  36505596
022 D000005    648210
022 A000006 MERRILL LYNCH
022 C000006  30557374
022 D000006   1173368
022 A000007 NIKKO SECURITIES
022 C000007  27508752
022 D000007         0
022 A000008 BEAR STEARNS
022 C000008  21124456
022 D000008    674106
022 A000009 EUROBROKERS
022 C000009  18713157
022 D000009         0
022 A000010 CONVERSION USA
022 C000010  15484861
022 D000010   2740504
023 C000000  333871323
023 D000000   16400537
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
077 A000000 Y
077 B000000 Y
080 A00AA00 GULF INSURANCE COMPANY
080 C00AA00     7000
<PAGE>      PAGE  4
081 A00AA00 N
081 B00AA00   0
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<PAGE>      PAGE  5
051  000100 N
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070 E020100 N
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<PAGE>      PAGE  6
070 J020100 N
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
063 A000200  42
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070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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070 E020300 N
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
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<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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<PAGE>      PAGE  27
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<PAGE>      PAGE  28
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<PAGE>      PAGE  30
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<PAGE>      PAGE  31
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<PAGE>      PAGE  32
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<PAGE>      PAGE  33
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<PAGE>      PAGE  34
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<PAGE>      PAGE  35
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<PAGE>      PAGE  36
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<PAGE>      PAGE  37
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<PAGE>      PAGE  38
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074 A001000     2792
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074 C001000     3459
074 D001000   104847
074 E001000        0
074 F001000        0
074 G001000        0
074 H001000        0
074 I001000        0
074 J001000        0
074 K001000        0
074 L001000     1758
074 M001000        6
074 N001000   112862
074 O001000     2783
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074 Q001000        0
074 R011000        0
074 R021000        0
074 R031000        0
074 R041000      243
074 S001000        0
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074 V021000    11.33
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028 B031100         0
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028 C021100        66
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028 D021100        65
<PAGE>      PAGE  39
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028 F021100       131
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028 F041100       529
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030 B001100  4.50
030 C001100  0.00
031 A001100      2
031 B001100      0
032  001100     10
033  001100      0
034  001100 N
035  001100      0
036 B001100      0
042 A001100   0
042 B001100 100
042 C001100   0
042 D001100   0
042 E001100   0
042 F001100   0
042 G001100   0
042 H001100   0
043  001100      7
044  001100      0
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062 C001100   0.0
062 D001100   0.0
062 E001100   7.5
062 F001100   0.0
062 G001100   0.0
062 H001100   0.0
062 I001100   0.0
062 J001100   0.0
062 K001100   0.0
062 L001100   0.0
062 M001100   0.0
062 N001100   0.0
062 O001100  92.5
<PAGE>      PAGE  40
062 P001100   0.0
062 Q001100   0.0
062 R001100   0.0
063 A001100   0
063 B001100  9.5
064 A001100 N
064 B001100 N
070 A011100 Y
070 A021100 N
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 Y
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 Y
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 N
070 L011100 N
070 L021100 N
070 M011100 N
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100     53832
071 B001100     52403
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072 A001100  2
072 B001100     1657
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<PAGE>      PAGE  41
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072 G001100       46
072 H001100        0
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072 J001100       30
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072 L001100        4
072 M001100        3
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072 P001100        0
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072 R001100       32
072 S001100        0
072 T001100       77
072 U001100        0
072 V001100        0
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072 Y001100      269
072 Z001100     1471
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072DD011100     1481
072DD021100        0
072EE001100      289
073 A011100   0.4760
073 A021100   0.0000
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073 C001100   0.0000
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074 D001100    25798
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074 H001100        0
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074 N001100    28452
074 O001100        0
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074 Q001100        0
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<PAGE>      PAGE  42
074 R021100        0
074 R031100        0
074 R041100      145
074 S001100        0
074 T001100    28297
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074 U021100        0
074 V011100     9.81
074 V021100     0.00
074 W001100   0.0000
074 X001100      661
074 Y001100        0
075 A001100        0
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076  001100     0.00
028 A011200    810147
028 A021200      4628
028 A031200         0
028 A041200    739375
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028 B021200      4475
028 B031200         0
028 B041200    700183
028 C011200   2275554
028 C021200       952
028 C031200         0
028 C041200    733310
028 D011200    840652
028 D021200      3863
028 D031200         0
028 D041200    689065
028 E011200    786423
028 E021200      4576
028 E031200         0
028 E041200    790459
028 F011200    644742
028 F021200      9643
028 F031200         0
028 F041200    680898
028 G011200   6284614
028 G021200     28137
028 G031200         0
028 G041200   4333290
028 H001200         0
029  001200 N
030 A001200      0
030 B001200  0.00
030 C001200  0.00
034  001200 N
035  001200      0
036 B001200      0
<PAGE>      PAGE  43
037  001200 N
038  001200      0
039  001200 N
040  001200 Y
041  001200 Y
042 A001200   0
042 B001200 100
042 C001200   0
042 D001200   0
042 E001200   0
042 F001200   0
042 G001200   0
042 H001200   0
043  001200    530
044  001200      0
045  001200 Y
046  001200 N
047  001200 Y
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048 A021200 0.000
048 B011200        0
048 B021200 0.000
048 C011200        0
048 C021200 0.000
048 D011200        0
048 D021200 0.000
048 E011200        0
048 E021200 0.000
048 F011200        0
048 F021200 0.000
048 G011200        0
048 G021200 0.000
048 H011200        0
048 H021200 0.000
048 I011200        0
048 I021200 0.000
048 J011200        0
048 J021200 0.000
048 K011200        0
048 K021200 0.000
049  001200 N
050  001200 N
051  001200 N
052  001200 N
053 A001200 Y
053 B001200 Y
053 C001200 N
058 A001200 N
059  001200 Y
060 A001200 N
<PAGE>      PAGE  44
060 B001200 N
061  001200     2500
062 A001200 Y
062 B001200 100.0
062 C001200   0.0
062 D001200   0.0
062 E001200   0.0
062 F001200   0.0
062 G001200   0.0
062 H001200   0.0
062 I001200   0.0
062 J001200   0.0
062 K001200   0.0
062 L001200   0.0
062 M001200   0.0
062 N001200   0.0
062 O001200   0.0
062 P001200   0.0
062 Q001200   0.0
062 R001200   0.0
063 A001200  61
063 B001200  0.0
064 A001200 N
064 B001200 N
070 A011200 N
070 A021200 N
070 B011200 N
070 B021200 N
070 C011200 N
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 N
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 N
070 L011200 N
070 L021200 N
070 M011200 N
070 M021200 N
070 N011200 Y
<PAGE>      PAGE  45
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200         0
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072 D001200        0
072 E001200        0
072 F001200     1518
072 G001200     1006
072 H001200        0
072 I001200     4162
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072 K001200        0
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072 S001200        0
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072 U001200        0
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072 X001200     8100
072 Y001200     1004
072 Z001200    54450
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072BB001200        0
072CC011200        0
072CC021200        0
072DD011200    54423
072DD021200       28
072EE001200       90
073 A011200   0.0350
073 A021200   0.0230
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074 A001200        4
<PAGE>      PAGE  46
074 B001200        0
074 C001200  1964314
074 D001200        0
074 E001200        0
074 F001200        0
074 G001200        0
074 H001200        0
074 I001200        0
074 J001200   992609
074 K001200        2
074 L001200    14922
074 M001200      111
074 N001200  2971962
074 O001200  1297465
074 P001200      794
074 Q001200        0
074 R011200        0
074 R021200        0
074 R031200        0
074 R041200     1872
074 S001200        0
074 T001200  1671831
074 U011200  1671391
074 U021200      227
074 V011200     1.00
074 V021200     1.00
074 W001200   0.9998
074 X001200     5492
074 Y001200        0
075 A001200  1650931
075 B001200        0
076  001200     0.00
SIGNATURE   DEAN B. HARRIS                               
TITLE       2VP                 
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000919034
<NAME> VISTA 100% US TREASURY SECURITIES MONEY MARKET FUND - VISTA
<SERIES>
   <NUMBER> 121
   <NAME> VISTA 100% US TREASURY SECURITIES MONEY MARKET FUND - VISTA
       
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000919034
<NAME> VISTA 100% US TREASURY SECURITIES MONEY MARKET FUND -PREMIER
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   <NUMBER> 122
   <NAME> VISTA 100% US TREASURY SECURITIES MONEY MARKET FUND -PREMIER
       
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000919034
<NAME> VISTA US 100% TREASURY SECURITIES MONEY MARKET FUND-INSTITUT
<SERIES>
   <NUMBER> 123
   <NAME> VISTA US 100% TREASURY SECURITIES MONEY MARKET FUND-INSTITUT
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000919034
<NAME> VISTA US GOVERNMENT MONEY MARKET FUND - VISTA
<SERIES>
   <NUMBER> 031
   <NAME> VISTA US GOVERNMENT MONEY MARKET FUND - VISTA
       
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</TABLE>

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</TABLE>

<TABLE> <S> <C>

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<NAME> VISTA CASH MANAGEMENT FUND - PREMEIR
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   <NUMBER> 042
   <NAME> VISTA CASH MANAGEMENT FUND - PREMEIR
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

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   <NAME> VISTA CASH MANAGEMENT FUND - INSTITUTIONAL
       
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</TABLE>

<TABLE> <S> <C>

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</TABLE>

<TABLE> <S> <C>

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<NAME> VISTA PRIME MONEY MARKET FUND - INSTITUTIONAL
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   <NAME> VISTA PRIME MONEY MARKET FUND - INSTITUTIONAL
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000919034
<NAME> VISTA PRIME MONEY MARKET FUND - B SHARES
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   <NUMBER> 053
   <NAME> VISTA PRIME MONEY MARKET FUND - B SHARES
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000919034
<NAME> VISTA TAX FREE MONEY MARKET FUND - VISTA
<SERIES>
   <NUMBER> 061
   <NAME> VISTA TAX FREE MONEY MARKET FUND - VISTA
       
<S>                             <C>
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<EXPENSE-RATIO>                                   .690
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000919034
<NAME> VISTA TAX FREE MONEY MARKET FUND - PREMIER
<SERIES>
   <NUMBER> 062
   <NAME> VISTA TAX FREE MONEY MARKET FUND - PREMIER
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000919034
<NAME> VISTA TAX FREE MONEY MARKET FUND - INSTITUTIONAL
<SERIES>
   <NUMBER> 063
   <NAME> VISTA TAX FREE MONEY MARKET FUND - INSTITUTIONAL
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
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<RECEIVABLES>                                9,193,175
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<OTHER-ITEMS-ASSETS>                            11,632
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<PAYABLE-FOR-SECURITIES>                    12,980,599
<SENIOR-LONG-TERM-DEBT>                              0
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<PAID-IN-CAPITAL-COMMON>                   867,898,816
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<ACCUMULATED-NET-GAINS>                       (71,205)
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000919034
<NAME> VISTA NEW YORK TAX FREE MONEY MARKET FUND
<SERIES>
   <NUMBER> 071
   <NAME> VISTA NEW YORK TAX FREE MONEY MARKET FUND
       
<S>                             <C>
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<FISCAL-YEAR-END>                          AUG-31-1996
<PERIOD-END>                               AUG-31-1996
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<DIVIDEND-INCOME>                                    0
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<NET-INVESTMENT-INCOME>                     15,764,958
<REALIZED-GAINS-CURRENT>                        11,794
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<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-REDEEMED>              1,247,730,869
<SHARES-REINVESTED>                          6,680,348
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<ACCUMULATED-NII-PRIOR>                        101,382
<ACCUMULATED-GAINS-PRIOR>                        6,756
<OVERDISTRIB-NII-PRIOR>                              0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000919034
<NAME> VISTA CALIFORNIA TAX FREE MONEY MARKET FUND
<SERIES>
   <NUMBER> 081
   <NAME> VISTA CALIFORNIA TAX FREE MONEY MARKET FUND
       
<S>                             <C>
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<FISCAL-YEAR-END>                          AUG-31-1996
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<INVESTMENTS-AT-COST>                       42,554,787
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<DIVIDEND-INCOME>                                    0
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<NET-INVESTMENT-INCOME>                      1,471,350
<REALIZED-GAINS-CURRENT>                         (652)
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000919034
<NAME> VISTA TAX FREE INCOME FUND - CLASS A
<SERIES>
   <NUMBER> 091
   <NAME> VISTA TAX FREE INCOME FUND - CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          AUG-31-1996
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<INVESTMENTS-AT-COST>                       83,050,468
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<RECEIVABLES>                                1,126,408
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<SHARES-COMMON-PRIOR>                        8,704,823
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<DIVIDEND-INCOME>                                    0
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<NET-INVESTMENT-INCOME>                      4,493,334
<REALIZED-GAINS-CURRENT>                     1,402,838
<APPREC-INCREASE-CURRENT>                  (1,070,107)
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<EQUALIZATION>                                       0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000919034
<NAME> VISTA TAX FREE INCOME FUND - CLASS B
<SERIES>
   <NUMBER> 092
   <NAME> VISTA TAX FREE INCOME FUND - CLASS B
       
<S>                             <C>
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<EQUALIZATION>                                       0
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<PER-SHARE-NAV-BEGIN>                            11.77
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<EXPENSE-RATIO>                                  1.650
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000919034
<NAME> VISTA NEW YORK TAX FREE INCOME FUNE - CLASS A
<SERIES>
   <NUMBER> 101
   <NAME> VISTA NEW YORK TAX FREE INCOME FUND - CLASS A
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000919034
<NAME> VISTA NEW YORK TAX FREE INCOME FUND - CLASS B
<SERIES>
   <NUMBER> 102
   <NAME> VISTA NEW YORK TAX FREE INCOME FUND - CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          AUG-31-1996
<PERIOD-END>                               AUG-31-1996
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<SENIOR-LONG-TERM-DEBT>                              0
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<OVERDISTRIBUTION-NII>                               0
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    5,145,870
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<NUMBER-OF-SHARES-REDEEMED>                  4,706,527
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<PER-SHARE-NAV-BEGIN>                            11.41
<PER-SHARE-NII>                                   .469
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000919034
<NAME> VISTA CALIFORNIA INTERMEDIATE TAX FREE FUND
<SERIES>
   <NUMBER> 111
   <NAME> VISTA CALIFORNIA INTERMEDIATE TAX FREE FUND
       
<S>                             <C>
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</TABLE>


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