MUTUAL FUND TRUST
497, 1999-08-25
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PSMI1-1-199
PSMI1-1-199X

                         Chase Vista Money Market Funds

                        Supplement Dated August 25, 1999
                           Institutional Shares Class-
                       Prospectus Dated December 29, 1998

In "Buying Fund shares" on page 33 of the prospectus, the first two sentences of
the second paragraph shall be replaced in their entirety by the following
sentence:

"The NAV of each class of shares is generally calculated by 6:00 p.m. Eastern
time, each day the Funds are accepting purchase orders.

On page 34, the following sentence shall be added to the beginning of the second
full paragraph:

"A later cut-off time may be permitted for investors buying their shares
[through Chase or a bank affiliate of Chase] so long as such later cut-off time
is before the Fund's NAV is calculated."

                                                                    SPMI2-36-899



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