Chase Vista Tax Free Income Funds
Supplement Dated November 1, 2000
Class A, B shares
Prospectus Dated December 29, 1999
On October 24, 2000, the Board of Trustees of the Chase Vista Funds approved the
following reorganizations:
<TABLE>
<CAPTION>
Current Funds Successor Funds
------------- ---------------
<S> <C>
Chase Vista Tax Free Income Fund Chase Vista Select Tax Free Income Fund
Chase Vista New York Tax Free Income Fund Chase Vista Select Intermediate Tax Free Fund
</TABLE>
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 the Successor Fund shares 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. Class A shareholders will exchange into the newly created
Class A shares, while the Class B shareholders will exchange into the newly
created Class B shares. 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.
