VISTA CALIFORNIA INTERMEDIATE TAX FREE INCOME FUND
VISTA NEW YORK TAX FREE INCOME FUND
VISTA TAX FREE INCOME FUND
SUPPLEMENT DATED OCTOBER 9, 1997
TO THE PROSPECTUS FOR CLASS A AND B SHARES
DATED DECEMBER 27, 1996
In the section entitled "Distribution Plans," the following paragraph is
inserted immediately preceding "Shareholder Servicing Agents":
VFD may from time to time, pursuant to objective criteria established by
it, pay additional compensation to qualifying authorized broker-dealers
for certain services or activities which are primarily intended to
result in sales of shares of the Fund. In some instances, such cash
compensation may be offered only to certain broker-dealers who employ
registered representatives who have sold or may sell significant amounts
of shares of the Fund and/or other Vista Funds during a specified period
of time. Such compensation does not represent an additional expense to
the Fund or its shareholders, since it will be paid by VFD out of
compensation retained by it from the Fund or other sources available to
it.
