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497, 1999-09-08
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                          Chase Vista Capital Advantage

                       Supplement Dated September 8, 1999
                       Prospectus Dated December 29, 1998

CAPITAL GROWTH PORTFOLIO
In the "Portfolio Objectives and Investment Approach" section on page 7 of the
Prospectus the market capitalization will change to $1 billion to $10 billion.

In the "Management" section of the Prospectus, the following text replaces the
paragraphs on page 18:

Henry Lartigue, Chief Investment Officer at Chase, and Chris Matlock, Portfolio
Manager at Chase, are responsible for the management of the Capital Growth
Portfolio. Mr. Lartigue began his career as a securities analyst at Chase in
1984. Mr. Lartigue then worked as an independent advisor, from July, 1992 to
June, 1994 returning to Chase at this time. Mr. Matlock has worked at Chase
since 1994 in numerous investment management roles. Prior to joining Chase he
worked at Hollywood Marine, Inc. and KPMG Peat Marwick in an investment
management and finance capacity. Both have managed the portfolio since August
1999.

Mr. Lartigue and Robert Heintz, Director of Equity Management, Research and
Trading at Chase, are responsible for the management of the Growth and Income
Portfolio supported by a team of portfolio managers and analysts. Mr. Heintz has
worked at Chase since 1983 in an investment management position. Before joining
Chase he worked at the Bank of New York as a Portfolio Manager. Both have
managed the portfolio since August 1999.

Henry Lartigue and John Miller, Senior Portfolio Manager at Chase, are
responsible for management of the Asset Allocation Portfolio. Mr. Miller is
responsible for the debt portion of the portfolio and joined Chase in 1986.
Prior to joining Chase, Mr. Miller held a position as Vice President, Portfolio
Manager for AMEV Advisors, Inc. Before that he held positions as an investment
and credit manager. Both have managed the portfolio since August 1999.

Susan S. Huang, Head of U.S. Fixed Income Management at Chase, is responsible
for the day-to-day management of the U.S. Government Portfolio. She joined
Chase in 1995. Before joining Chase, she was Director of the Insurance Asset
Management Group at Hyperion Capital Management, Inc. Previously, she was a
Senior Portfolio Manager with CS First Boston. Before joining CS First Boston
in 1992, she spent 14 years at the Equitable, where she was head of the U.S.
fixed income management group at Equitable Capital Management.
                                                                       CA-36-899


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