Exhibit 17(b)(ii)
PROSPECTUS DECEMBER 29, 1999
- --------------------------------------------------------------------------------
100% U.S. TREASURY
SECURITIES MONEY
MARKET FUND
TREASURY PLUS
MONEY
MARKET FUND
FEDERAL MONEY
MARKET FUND
U.S. GOVERNMENT
MONEY MARKET FUND
CASH MANAGEMENT
FUND
PRIME MONEY
MARKET FUND
TAX FREE MONEY
MARKET FUND
Chase Vista
Money Market Funds
THIS PROSPECTUS OFFERS:
PREMIER SHARES
Neither the Securities
and Exchange Commission
nor any state securities
commission has approved
or disapproved of
securities of any of the
Funds or determined
if this prospectus is
accurate or complete.
It is a crime to indicate
otherwise.
[CHASE VISTA LOGO]
PSMMP-1-1299
100% U.S. TREASURY SECURITIES
MONEY MARKET FUND 1
TREASURY PLUS MONEY MARKET FUND 5
FEDERAL MONEY MARKET FUND 9
U.S. GOVERNMENT MONEY MARKET FUND 13
CASH MANAGEMENT FUND 17
PRIME MONEY MARKET FUND 22
TAX FREE MONEY MARKET FUND 27
THE FUND'S INVESTMENT ADVISER
AND THE YEAR 2000 32
HOW YOUR ACCOUNT WORKS 33
BUYING FUND SHARES 33
SELLING FUND SHARES 35
DISTRIBUTION ARRANGEMENTS 36
OTHER INFORMATION CONCERNING THE FUNDS 36
DISTRIBUTIONS AND TAXES 37
SHAREHOLDER SERVICES 38
WHAT THE TERMS MEAN 39
FINANCIAL HIGHLIGHTS 40
HOW TO REACH US Back cover
CHASE VISTA 100% U.S. TREASURY SECURITIES MONEY MARKET FUND
The Fund's
objective
The Fund aims to
provide the highest
possible level of
current income while
still maintaining
liquidity and
providing maximum
safety of principal.
The Fund's main
investment strategy
The Fund invests solely in direct debt securities of the U.S. Treasury,
including Treasury bills, bonds and notes. These investments carry different
interest rates, maturities and issue dates.
The Fund does not buy securities issued or guaranteed by agencies of the U.S.
government and it does not enter into repurchase agreements. The dollar weighted
average maturity of the Fund will be 90 days or less and the Fund will buy only
those investments which have remaining maturities of 397 days or less.
The Fund invests only in securities issued and payable in U.S. dollars. Each
investment must have the highest possible short-term rating from at least two
national rating organizations, or one such rating if only one organization
rates that security. Alternatively, some securities may have additional third
party guarantees in order to meet the rating requirements mentioned above. If
the security is not rated, it must be considered of comparable quality by the
Fund's advisers.
The Fund seeks to develop an appropriate portfolio by considering the
differences in yields among securities of different maturities and market
sectors.
The Fund seeks to maintain a net asset value of $1.00 per share.
1
CHASE VISTA 100% U.S. TREASURY SECURITIES MONEY MARKET FUND
The Fund may change any of its investment policies (except its investment
objective) without shareholder approval.[logo]
The main investment risks
The Fund attempts to keep its net asset value constant, but there's no
guarantee it will be able to do so.
The value of money market investments tends to fall when prevailing interest
rates rise, although they're generally less sensitive to interest rate changes
than longer-term securities.
Although the Fund seeks to be fully invested, it may at times hold some of its
assets in cash. This would hurt the Fund's performance.[logo]
Investments in the Fund are not bank deposits or obligations of, or guaranteed
or endorsed by, The Chase Manhattan Bank or any of its affiliates and are not
insured by the FDIC, the Federal Reserve Board or any other government agency.
Although the 100% U.S. Treasury Securities Money Market Fund seeks to preserve
the value of your investment at $1.00 per share, it is possible to lose money
by investing in the Fund.
Securities in the Fund's portfolio may not earn as high a current income as
longer term or lower-quality securities.
2
The Fund's past performance
This section shows the Fund's performance record. The bar chart shows how the
performance of the Fund has varied from year to year. This provides some
indication of the risks of investing in the Fund.
The performance for the period before Premier Class Shares were launched in
June of 1996 is based upon the performance for the Vista Class Shares of the
Fund.
The calculations assume that all dividends and distributions are reinvested in
the Fund. Some of the companies that provide services to the Fund have agreed
not to collect some expenses and to reimburse others. Without these agreements,
the performance figures would be lower than those shown.[logo]
YEAR-BY-YEAR RETURNS
Past performance does not predict how
this Fund will perform in the future.
The bars for 1992, 1993, 1994, 1995,
and 1996 are based upon the
performance for the Vista Class
Shares of the Fund.
[GRAPH CHART PLOT POINTS]
1992 3.35%
1993 2.60%
1994 3.50%
1995 5.17%
1996 4.75%
1997 4.95%
1998 4.93%
[END PLOT POINTS]
The total return for the Fund from January 1, 1999 to September 30, 1999 was
3.17%.
- ---------------------------------------
BEST QUARTER 1.32%
- ---------------------------------------
2nd quarter, 1995
- ---------------------------------------
WORST QUARTER 0.63%
- ---------------------------------------
2nd quarter, 1993
AVERAGE ANNUAL TOTAL RETURNS
For the periods ending December 31, 1998
SINCE
INCEPTION
PAST 1 YEAR PAST 5 YEARS 11/30/91
- ----------------------------------------------------------
PREMIER SHARES 4.93% 4.66% 4.18%
- ----------------------------------------------------------
3
CHASE VISTA 100% U.S. TREASURY SECURITIES MONEY MARKET FUND
Fees and expenses
This table describes the fees and expenses you may pay if you buy and hold
shares of the Fund.
SHAREHOLDER FEES (FEES PAID DIRECTLY FROM YOUR INVESTMENT):
None
ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT ARE DEDUCTED FROM FUND ASSETS):*
TOTAL ANNUAL
MANAGEMENT DISTRIBUTION OTHER FUND OPERATING
CLASS OF SHARES FEE (12B-1) FEES EXPENSES EXPENSES
- --------------------------------------------------------------------------
PREMIER SHARES 0.10% NONE 0.44%# 0.54%#
- --------------------------------------------------------------------------
*The table is based on expenses incurred in the most recent fiscal year.
#Restated from most recent fiscal year to reflect current expense arrangements.
The actual Other Expenses are currently expected to be 0.40% and the Total
Annual Fund Operating Expenses are expected not to exceed 0.50%. That's because
The Chase Manhattan Bank (Chase) and some of the Fund's other service providers
have volunteered not to collect a portion of their fees and to reimburse
others. Chase and these other service providers may terminate this arrangement
at any time.
The table does not reflect charges or credits which investors might incur if
they invest through a financial institution.
EXAMPLE This example helps you compare the cost of investing in the Fund with
the cost of investing in other mutual funds. The example assumes:
o you invest $10,000
o you sell all your shares at the end of the period
o your investment has a 5% return each year, and
o the Fund's operating expenses are not waived and remain the same as shown
above.
Although your costs may be higher or lower, based on these assumptions:
YOUR COSTS WOULD BE:
NUMBER OF YEARS: 1 3 5 10
- ---------------------------------------------------
COSTS: $ 55 $ 173 $ 302 $ 677
- ---------------------------------------------------
4
CHASE VISTA TREASURY PLUS MONEY MARKET FUND
The Fund's
objective
The Fund aims to
provide the highest
possible level of
current income while
still maintaining
liquidity and
preserving capital.
The Fund's main
investment strategy
The Fund invests at least 65% of its assets in direct debt securities of the
U.S. Treasury, including Treasury bills, bonds and notes, and repurchase agree-
ments collateralized by these invest- ments. These debt securities carry
different interest rates, maturities and issue dates.
The Fund also seeks to enhance its performance by investing in repurchase
agreements, using debt securities guaranteed by the U.S. Treasury as
collateral.
The dollar weighted average maturity of the Fund will be 60 days or less and
the Fund will buy only those instruments which have remaining maturities of 397
days or less.
The Fund seeks to maintain a net asset value of $1.00 per share.
The Fund may invest significantly in securities with floating or variable rates
of interest. Their yields will vary as interest rates change.
The Fund invests only in securities issued and payable in U.S. dollars. Each
investment must have the highest possible short-term rating from at least two
national rating organizations, or one such rating if only one organization
rates that security. Alternatively, some securities may have additional third
party guarantees in order to meet the rating requirements mentioned above. If
the security is not rated, it must be
5
CHASE VISTA TREASURY PLUS MONEY MARKET FUND
considered of comparable quality by the Fund's advisers.
The Fund seeks to develop an appropriate portfolio by considering the
differences in yields among securities of different maturities, market sectors
and issuers.
The Fund may change any of its investment policies (except its investment
objective) without shareholder approval.[logo]
The main investment risks
The Fund attempts to keep its net asset value constant, but there's no
guarantee it will be able to do so.
The value of money market investments tends to fall when prevailing interest
rates rise, although they're generally less sensitive to interest rate changes
than longer-term securities.
Repurchase agreements involve some risk to the Fund if the other party does not
live up to its obligations under the agreement.
Although the Fund seeks to be fully invested, it may at times hold some of its
assets in cash. This would hurt the Fund's performance.[logo]
Investments in the Fund are not bank deposits or obligations of, or guaranteed
or endorsed by, The Chase Manhattan Bank or any of its affiliates and are not
insured by the FDIC, the Federal Reserve Board or any other government agency.
Although the Treasury Plus Money Market Fund seeks to preserve the value of your
investment at $1.00 per share, it is possible to lose money by investing in the
Fund.
Securities in the Fund's portfolio may not earn as high a current income as
longer term or lower-quality securities.
6
The Fund's past performance
This section shows the Fund's performance record. The bar chart shows how the
performance of the Fund has varied from year to year. This provides some
indication of the risks of investing in the Fund.
The calculations assume that all dividends and distributions are reinvested in
the Fund. Some of the companies that provide services to the Fund have agreed
not to collect some expenses and to reimburse others. Without these agreements,
the performance figures would be lower than those shown.[logo]
YEAR-BY-YEAR RETURNS
Past performance does not predict how
this Fund will perform in the future.
[GRAPH CHART PLOT POINTS]
1995 5.43%
1996 4.90%
1997 5.09%
1998 5.04%
[END PLOT POINTS]
The total return for the Fund from January 1,
1999 to September 30, 1999 was 3.33%.
- ---------------------------------------
BEST QUARTER 1.36%
- ---------------------------------------
2nd quarter, 1995
- ---------------------------------------
WORST QUARTER 1.14%
- ---------------------------------------
4th quarter, 1998
AVERAGE ANNUAL TOTAL RETURNS
For the periods ending December 31, 1998
SINCE
INCEPTION
PAST 1 YEAR 4/20/94
- ------------------------------------------------------
PREMIER SHARES 5.04% 4.98%
- ------------------------------------------------------
7
CHASE VISTA TREASURY PLUS MONEY MARKET FUND
Fees and expenses
This table describes the fees and expenses you may pay if you buy and hold
shares of the Fund.
ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT ARE DEDUCTED FROM FUND ASSETS):*
TOTAL ANNUAL
MANAGEMENT DISTRIBUTION OTHER FUND OPERATING
CLASS OF SHARES FEE (12B-1) FEES EXPENSES EXPENSES
- --------------------------------------------------------------------------------
PREMIER SHARES 0.10% NONE 0.40% 0.50%
- --------------------------------------------------------------------------------
*The table is based on expenses incurred in the most recent fiscal year.
The actual Other Expenses are currently expected to be 0.35% and the Total
Annual Fund Operating Expenses are expected not to exceed 0.45%. That's because
The Chase Manhattan Bank (Chase) and some of the Fund's other service providers
have volunteered not to collect a portion of their fees and to reimburse
others. Chase and these other service providers may terminate this arrangement
at any time.
The table does not reflect charges or credits which investors might incur if
they invest through a financial institution.
EXAMPLE This example helps you compare the cost of investing in the Fund with
the cost of investing in other mutual funds. The example assumes:
o you invest $10,000
o you sell all your shares at the end of the period
o your investment has a 5% return each year, and
o the Fund's operating expenses are not waived and remain the same as shown
above.
Although your costs may be higher or lower, based on these assumptions:
YOUR COSTS WOULD BE:
NUMBER OF YEARS: 1 3 5 10
- ----------------------------------------------------
COSTS: $ 51 $ 160 $ 280 $ 628
- ----------------------------------------------------
8
CHASE VISTA FEDERAL MONEY MARKET FUND
The Fund's
objective
The Fund aims to
provide current income
while still preserving
capital and
maintaining liquidity.
The Fund's main
investment strategy
The Fund invests primarily in:
o direct debt securities of the U.S. Treasury, including Treasury bills, bonds
and notes, and
o debt securities that certain U.S. government agencies or authorities have
either issued or guaranteed as to principal and interest.
The Fund does not enter into repurchase agreements. The dollar weighted average
maturity of the Fund will be 90 days or less and the Fund will buy only those
instruments which have remaining maturities of 397 days or less.
The Fund seeks to maintain a net asset value of $1.00 per share.
The Fund may invest significantly in securities with floating or variable rates
of interest. Their yields will vary as interest rates change.
The Fund invests only in securities issued and payable in U.S. dollars. Each
investment must have the highest possible short-term rating from at least two
national rating organizations, or one such rating if only one organization
rates that security. Alternatively, some securities may have additional third
party guarantees in order to meet the rating requirements mentioned above. If
the security is not rated, it must be considered of comparable quality by the
Fund's advisers.
9
CHASE VISTA FEDERAL MONEY MARKET FUND
The Fund seeks to develop an appropriate portfolio by considering the
differences in yields among securities of different maturities, market sectors
and issuers.
The Fund may change any of its investment policies (except its investment
objective) without shareholder approval[logo]
The main investment risks
The Fund attempts to keep its net asset value constant, but there's no
guarantee it will be able to do so.
The value of money market investments tends to fall when prevailing interest
rates rise, although they're generally less sensitive to interest rate changes
than longer-term securities.
Although the Fund seeks to be fully invested, it may at times hold some of its
assets in cash. This would hurt the Fund's performance.[logo]
Investments in the Fund are not bank deposits or obligations of, or guaranteed
or endorsed by, The Chase Manhattan Bank or any of its affiliates and are not
insured by the FDIC, the Federal Reserve Board or any other government agency.
Although the Federal Money Market Fund seeks to preserve the value of your
investment at $1.00 per share, it is possible to lose money by investing in the
Fund.
Securities in the Fund's portfolio may not earn as high a current income as
longer term or lower-quality securities.
10
The Fund's past performance
This section shows the Fund's performance record. The bar chart shows how the
performance of the Fund has varied from year to year. This provides some
indication of the risks of investing in the Fund.
The calculations assume that all dividends and distributions are reinvested in
the Fund. Some of the companies that provide services to the Fund have agreed
not to collect some expenses and to reimburse others. Without these agreements,
the performance figures would be lower than those shown[logo]
YEAR-BY-YEAR RETURNS
Past performance does not predict how this
Fund will perform in the future.
[GRAPH CHART PLOT POINTS]
1995 5.52%
1996 5.02%
1997 5.19%
1998 5.08%
[END PLOT POINTS]
The total return for the Fund from January 1, 1999 to September 30, 1999 was
3.43%.
- ---------------------------------------
BEST QUARTER 1.38%
- ---------------------------------------
2nd quarter, 1995
- ---------------------------------------
WORST QUARTER 1.18%
- ---------------------------------------
4th quarter, 1998
AVERAGE ANNUAL TOTAL RETURNS
For the periods ending December 31, 1998
SINCE
INCEPTION
PAST 1 YEAR 4/20/94
- ----------------------------------------------
PREMIER SHARES 5.08% 5.09%
- ----------------------------------------------
11
CHASE VISTA FEDERAL MONEY MARKET FUND
Fees and expenses
This table describes the fees and expenses you may pay if you buy and hold
shares of the Fund.
SHAREHOLDER FEES (FEES PAID DIRECTLY FROM YOUR INVESTMENT):
None
ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT ARE DEDUCTED FROM FUND ASSETS):*
TOTAL ANNUAL
MANAGEMENT DISTRIBUTION OTHER FUND OPERATING
CLASS OF SHARES FEE (12B-1) FEES EXPENSES EXPENSES
- --------------------------------------------------------------------------------
PREMIER SHARES 0.10% NONE 0.40% 0.50%
- --------------------------------------------------------------------------------
*The table is based on expenses incurred in the most recent fiscal year.
The table does not reflect charges or credits which investors might incur if
they invest through a financial institution.
EXAMPLE This example helps you compare the cost of investing in the Fund with
the cost of investing in other mutual funds. The example assumes:
o you invest $10,000
o you sell all your shares at the end of the period
o your investment has a 5% return each year, and
o the Fund's operating expenses remain the same as shown above.
Although your costs may be higher or lower, based on these assumptions:
YOUR COSTS WOULD BE:
NUMBER OF YEARS: 1 3 5 10
- ----------------------------------------------------
COSTS: $ 51 $ 160 $ 280 $ 628
- ----------------------------------------------------
12
CHASE VISTA U.S. GOVERNMENT MONEY MARKET FUND
The Fund's
objective
The Fund aims to
provide the highest
possible level of
current income while
still maintaining
liquidity and
preserving capital.
The Fund's main
investment strategy
The Fund invests substantially all its assets in:
o debt securities issued or guaranteed by the U.S. Treasury or agencies or
authorities of the U.S. Government, and
o repurchase agreements using these securities as collateral.
The dollar weighted average maturity of the Fund will be 60 days or less and
the Fund will buy only those instruments which have remaining maturities of 397
days or less.
The Fund seeks to maintain a net asset value of $1.00 per share.
The Fund may invest significantly in securities with floating or variable rates
of interest. Their yields will vary as interest rates change.
The Fund invests only in securities issued and payable in U.S. dollars. Each
investment must have the highest possible short-term rating from at least two
national rating organizations, or one such rating if only one organization
rates that security. Alternatively, some securities may have additional third
party guarantees in order to meet the rating requirements mentioned above. If
the security is not rated, it must be considered of comparable quality by the
Fund's advisers.
The Fund seeks to develop an appropriate portfolio by considering the
13
CHASE VISTA U.S. GOVERNMENT MONEY MARKET FUND
differences in yields among securities of different maturities, market sectors
and issuers.
The Fund may change any of its investment policies (except its investment
objective) without shareholder approval.[logo]
The main investment risks
The Fund attempts to keep its net asset value constant, but there's no
guarantee it will be able to do so.
The value of money market investments tends to fall when prevailing interest
rates rise, although they're generally less sensitive to interest rate changes
than longer-term securities.
Repurchase agreements involve some risk to the Fund if the other party does not
live up to its obligations under the agreement.
Although the Fund seeks to be fully invested, it may at times hold some of its
assets in cash. This would hurt the Fund's performance.[logo]
Investments in the Fund are not bank deposits or obligations of, or guaranteed
or endorsed by, The Chase Manhattan Bank or any of its affiliates and are not
insured by the FDIC, the Federal Reserve Board or any other government agency.
Although the U.S. Government Money Market Fund seeks to preserve the value of
your investment at $1.00 per share, it is possible to lose money by investing
in the Fund.
Securities in the Fund's portfolio may not earn as high a current income as
longer term or lower-quality securities.
14
The Fund's past performance
This section shows the Fund's performance record. The bar chart shows how the
performance of the Fund has varied from year to year. This provides some
indication of the risks of investing in the Fund.
The calculations assume that all dividends and distributions are reinvested in
the Fund. Some of the companies that provide services to the Fund have agreed
not to collect some expenses and to reimburse others. Without these agreements,
the performance figures would be lower than those shown.[logo]
YEAR-BY-YEAR RETURNS
Past performance does not predict how
this Fund will perform in the future.
[GRAPH CHART PLOT POINTS]
1989 8.72%
1990 7.70%
1991 5.81%
1992 3.40%
1993 2.71%
1994 3.83%
1995 5.54%
1996 5.02%
1997 5.13%
1998 5.14%
[END PLOT POINTS]
The total return for the Fund from January 1, 1999 to September 30, 1999 was
3.46%.
- ---------------------------------------
BEST QUARTER 2.21%
- ---------------------------------------
2nd quarter, 1989
- ---------------------------------------
WORST QUARTER 0.66%
- ---------------------------------------
2nd quarter, 1993
AVERAGE ANNUAL TOTAL RETURNS
For the period ending December 31, 1998
PAST 1 YEAR PAST 5 YEARS PAST 10 YEARS
- -------------------------------------------------------------------
PREMIER SHARES 5.14% 4.93% 5.28%
- -------------------------------------------------------------------
15
CHASE VISTA U.S. GOVERNMENT MONEY MARKET FUND
Fees and expenses
This table describes the fees and expenses you may pay if you buy and hold
shares of the Fund.
SHAREHOLDER FEES (FEES PAID DIRECTLY FROM YOUR INVESTMENT):
None
ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT ARE DEDUCTED FROM FUND ASSETS):*
TOTAL ANNUAL
MANAGEMENT DISTRIBUTION OTHER FUND OPERATING
CLASS OF SHARES FEE (12B-1) FEES EXPENSES EXPENSES
- --------------------------------------------------------------------------------
PREMIER SHARES 0.10% 0.10% 0.38% 0.58%
- --------------------------------------------------------------------------------
*The table is based on expenses incurred in the most recent fiscal year.
The actual 12b-1 fee is currently expected to be 0.06%, Other Expenses are
expected to be 0.29% and the Total Annual Fund Operating Expenses are expected
not to exceed 0.45%. That's because The Chase Manhattan Bank (Chase) and some
of the Fund's other service providers have volunteered not to collect a portion
of their fees and to reimburse others. Chase and these other service providers
may terminate this arrangement at any time.
The table does not reflect charges or credits which investors might incur if
they invest through a financial institution.
EXAMPLE This example helps you compare the cost of investing in the Fund with
the cost of investing in other mutual funds. The example assumes:
o you invest $10,000
o you sell all your shares at the end of the period
o your investment has a 5% return each year, and
o the Fund's operating expenses are not waived and remain the same as shown
above.
Although your costs may be higher or lower, based on these assumptions:
YOUR COSTS WOULD BE:
NUMBER OF YEARS: 1 3 5 10
- ----------------------------------------------------
COSTS: $ 59 $ 186 $ 324 $ 726
- ----------------------------------------------------
16
CHASE VISTA CASH MANAGEMENT FUND
The Fund's
objective
The Fund aims to
provide the highest
possible level of
current income while
still maintaining
liquidity and
preserving capital.
The Fund's main
investment strategy
The Fund invests in high quality, short-term money market instruments which
are issued and payable in U.S. dollars.
The Fund principally invests in:
o high quality commercial paper and other short-term debt securities, including
floating and variable rate demand notes of U.S. and foreign corporations
o debt securities issued or guaranteed by qualified banks. These are:
o U.S. bank with more than $1 billion in total assets and foreign branches of
these banks
o foreign banks with the equivalent of more than $10 billion in total assets
and which have branches or agencies in the U.S.
o other U.S. or foreign commercial banks which the Fund's advisers judge to
have comparable credit standing
o securities issued or guaranteed by the U.S. Government, its agencies or
authorities
o asset-backed securities
o repurchase agreements
The dollar weighted average maturity of the Fund will be 90 days or less and
the Fund will buy only those instruments which have remaining maturities of 397
days or less.
17
CHASE VISTA CASH MANAGEMENT FUND
The Fund may invest any portion of its assets in debt securities issued or
guaranteed by U.S. banks and their foreign branches. These include certificates
of deposit, time deposits and bankers' acceptances.
The Fund seeks to maintain a net asset value of $1.00 per share.
The Fund invests only in securities issued and payable in U.S. dollars. Each
investment must have the highest possible short-term rating from at least two
national rating organizations, or one such rating if only one organization
rates that security. Alternatively, some securities may have additional third
party guarantees in order to meet the rating requirements mentioned above. If
the security is not rated, it must be considered of comparable quality by the
Fund's advisers.
The Fund seeks to develop an appropriate portfolio by considering the
differences in yields among securities of different maturities, market sectors
and issuers.
The Fund may change any of its investment policies (except its investment
objective) without shareholder approval.[logo]
18
The main investment risks
The Fund attempts to keep its net asset value constant, but there's no
guarantee it will be able to do so.
The value of money market investments tends to fall when prevailing interest
rates rise, although they're generally less sensitive to interest rate changes
than longer-term securities.
Repurchase agreements involve some risk to the Fund if the other party does not
live up to its obligations under the agreement.
The Fund's ability to concentrate its investments in the banking industry could
increase risks. The profitability of banks depends largely on the availability
and cost of funds, which can change depending upon economic conditions. Banks
are also exposed to losses if borrowers get into financial trouble and can't
repay their loans.
Investments in foreign banks and other foreign issuers may be riskier than
investments in the United States. That could be, in part, because of difficulty
converting investments into cash, political and economic instability, the
imposition of government controls, or regulations that don't match U.S.
standards.
Although the Fund seeks to be fully invested, it may at times hold some of its
assets in cash. This would hurt the Fund's performance.[logo]
Investments in the Fund are not bank deposits or obligations of, or guaranteed
or endorsed by, The Chase Manhattan Bank or any of its affiliates and are not
insured by the FDIC, the Federal Reserve Board or any other government agency.
Although the Cash Management Money Market Fund seeks to preserve the value of
your investment at $1.00 per share, it is possible to lose money by investing in
the Fund.
Securities in the Fund's portfolio may not earn as high a current income as
longer term or lower- quality securities.
19
CHASE VISTA CASH MANAGEMENT FUND
The Fund's past performance
This section shows the Fund's performance record. The bar chart shows how the
performance of the Fund has varied from year to year. This provides some
indication of the risks of investing in the Fund.
The performance for the period before Premier Class Shares were launched in May
of 1996 is based upon the performance for the Vista Class Shares of the Fund.
The calculations assume that all dividends and distributions are reinvested in
the Fund. Some of the companies that provide services to the Fund have agreed
not to collect some expenses and to reimburse others. Without these agreements,
the performance figures would be lower than those shown[logo]
YEAR-BY-YEAR RETURNS
Past performance does not predict how
this Fund will perform in the future. The
bars for 1992, 1993, 1994, 1995, and
1996 are based upon the performance
for the Vista Class Shares of the Fund.
[GRAPH CHART PLOT POINTS]
1992 3.40%
1993 2.72%
1994 3.84%
1995 5.50%
1996 4.99%
1997 5.26%
1998 5.28%
[END PLOT POINTS]
The total return for the Fund from January 1, 1999 to September 30, 1999 was
3.57%.
- ---------------------------------------
BEST QUARTER 1.39%
- ---------------------------------------
2nd quarter, 1995
- ---------------------------------------
WORST QUARTER 0.66%
- ---------------------------------------
2nd quarter, 1993
AVERAGE ANNUAL TOTAL RETURNS
For the periods ending December 31, 1998
SINCE
INCEPTION
PAST 1 YEAR PAST 5 YEARS 11/30/91
- ---------------------------------------------------------
PREMIER SHARES 5.28% 4.97% 4.42%
- ---------------------------------------------------------
20
Fees and expenses
This table describes the fees and expenses you may pay if you buy and hold
shares of the Fund.
SHAREHOLDER FEES (FEES PAID DIRECTLY FROM YOUR INVESTMENT):
None
ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT ARE DEDUCTED FROM FUND ASSETS):*
TOTAL ANNUAL
MANAGEMENT DISTRIBUTION OTHER FUND OPERATING
CLASS OF SHARES FEE (12B-1) FEES EXPENSES EXPENSES
- -----------------------------------------------------------------------
PREMIER SHARES 0.10% NONE 0.40% 0.50%
- -----------------------------------------------------------------------
*The table is based on expenses incurred in the most recent fiscal year.
The actual Other Expenses are currently expected to be 0.35% and the Total
Annual Fund Operating Expenses are expected not to exceed 0.45%. That's because
The Chase Manhattan Bank (Chase) and some of the Fund's other service providers
have volunteered not to collect a portion of their fees and to reimburse
others. Chase and these other service providers may terminate this arrangement
at any time.
The table does not reflect charges or credits which investors might incur if
they invest through a financial institution.
EXAMPLE This example helps you compare the cost of investing in the Fund with
the cost of investing in other mutual funds. The example assumes:
o you invest $10,000
o you sell all your shares at the end of the period
o your investment has a 5% return each year, and
o the Fund's operating expenses are not waived and remain the same as shown
above.
Although your costs may be higher or lower, based on these assumptions:
YOUR COSTS WOULD BE:
NUMBER OF YEARS: 1 3 5 10
- ----------------------------------------------------
COSTS: $ 51 $ 160 $ 280 $ 628
- ----------------------------------------------------
21
CHASE VISTA PRIME MONEY MARKET FUND
The Fund's
objective
The Fund aims to
provide the highest
possible level of
current income while
still maintaining
liquidity and
preserving capital.
The Fund's main
investment strategy
The Fund invests in high quality, short-term money market instruments which are
issued and payable in U.S. dollars.
The Fund principally invests in:
o high quality commercial paper and other short-term debt securities, including
floating and variable rate demand notes of U.S. and foreign corporations
o debt securities issued or guaranteed by qualified banks. These are:
o U.S. banks with more than $1 billion in total assets, and foreign branches
of these banks
o foreign banks with the equivalent of more than $10 billion in total assets
and which have branches or agencies in the U.S.
o other U.S. or foreign commercial banks which the Fund's advisers judge to
have comparable credit standing
o securities issued or guaranteed by the U.S. Government, its agencies or
authorities
o asset-backed securities
o repurchase agreements
The dollar weighted average maturity of the Fund will be 60 days or less and
the Fund will buy only those instruments which have remaining maturities of 397
days or less.
22
CHASE VISTA PRIME MONEY MARKET FUND
The Fund may invest any portion of its assets in debt securities issued or
guaranteed by U.S. banks and their foreign branches. These include certificates
of deposit, time deposits and bankers' acceptances.
The Fund invests only in securities issued and payable in U.S. dollars. Each
investment must have the highest possible short-term rating from at least two
national rating organizations, or one such rating if only one organization
rates that security. Alternatively, some securities may have additional third
party guarantees in order to meet the rating requirements mentioned above. If
the security is not rated, it must be considered of comparable quality by the
Fund's advisers.
The Fund seeks to develop an appropriate portfolio by considering the
differences in yields among securities of different maturities, market sectors
and issuers.
The Fund seeks to maintain a net asset value of $1.00 per share.
The Fund may change any of its investment policies (except its investment
objective) without shareholder approval[logo]
23
CHASE VISTA PRIME MONEY MARKET FUND
The main investment risks
The Fund attempts to keep its net asset value constant, but there's no
guarantee it will be able to do so.
The value of money market investments tends to fall when prevailing interest
rates rise, although they're generally less sensitive to interest rate changes
than longer-term securities.
Repurchase agreements involve some risk to the Fund if the other party does not
live up to its obligations under the agreement.
The Fund's ability to concentrate its investments in the banking industry could
increase risks. The profitability of banks depends largely on the availability
and cost of funds, which can change depending upon economic conditions. Banks
are also exposed to losses if borrowers get into financial trouble and can't
repay their loans.
Investments in foreign banks and other foreign issuers may be riskier than
investments in the United States. That could be, in part, because of difficulty
converting investments into cash, political and economic instability, the
imposition of government controls, or regulations that don't match U.S.
standards.
Although the Fund seeks to be fully invested, it may at times hold some of its
assets in cash. This would hurt the Fund's performance.[logo]
Investments in the Fund are not bank deposits or obligations of, or guaranteed
or endorsed by, The Chase Manhattan Bank or any of its affiliates and are not
insured by the FDIC, the Federal Reserve Board or any other government agency.
Although the Prime Money Market Fund seeks to preserve the value of your
investment at $1.00 per share, it is possible to lose money by investing in the
Fund.
Securities in the Fund's portfolio may not earn as high a current income as
longer term or lower- quality securities.
24
The Fund's past performance
This section shows the Fund's performance record. The bar chart shows how the
performance of the Fund has varied from year to year. This provides some
indication of the risks of investing in the Fund.
The calculations assume that all dividends and distributions are reinvested in
the Fund. Some of the companies that provide services to the Fund have agreed
not to collect some expenses and to reimburse others. Without these agreements,
the performance figures would be lower than those shown.[logo]
YEAR-BY-YEAR RETURNS
Past performance does not predict how
this Fund will perform in the future.
[GRAPH CHART PLOT POINTS]
1994 4.10%
1995 5.66%
1996 5.20%
1997 5.37%
1998 5.32%
[END PLOT POINTS]
The total return for the Fund from January 1, 1999 to September 30, 1999 was
3.59%.
- ---------------------------------------
BEST QUARTER 1.41%
- ---------------------------------------
2nd quarter, 1995
- ---------------------------------------
WORST QUARTER 0.75%
- ---------------------------------------
1st quarter, 1994
AVERAGE ANNUAL TOTAL RETURNS
For the periods ending December 31, 1998
SINCE
INCEPTION
PAST 1 YEAR PAST 5 YEARS 11/15/93
- ---------------------------------------------------------
PREMIER SHARES 5.32% 5.13% 5.06%
- ---------------------------------------------------------
25
CHASE VISTA PRIME MONEY MARKET FUND
Fees and expenses
This table describes the fees and expenses you may pay if you buy and hold
shares of the Fund.
SHAREHOLDER FEES (FEES PAID DIRECTLY FROM YOUR INVESTMENT):
None
ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT ARE DEDUCTED FROM FUND ASSETS):*
TOTAL ANNUAL
MANAGEMENT DISTRIBUTION OTHER FUND OPERATING
CLASS OF SHARES FEE (12B-1) FEES EXPENSES EXPENSES
- ----------------------------------------------------------------------------
PREMIER SHARES 0.10% NONE 0.40%# 0.50%#
- ----------------------------------------------------------------------------
*The table is based on expenses incurred in the most recent fiscal year.
#Restated from most recent fiscal year to reflect current expense arrangements.
The actual Other Expenses are currently expected to be 0.35% and the Total
Annual Fund Operating Expenses are expected not to exceed 0.45%. That's because
The Chase Manhattan Bank (Chase) and some of the Fund's other service providers
have volunteered not to collect a portion of their fees and to reimburse
others. Chase and these other service providers may terminate this arrangement
at any time.
The table does not reflect charges or credits which investors might incur if
they invest through a financial institution.
EXAMPLE This example helps you compare the cost of investing in the Fund with
the cost of investing in other mutual funds. The example assumes:
o you invest $10,000
o you sell all your shares at the end of the period
o your investment has a 5% return each year, and
o the Fund's operating expenses are not waived and remain the same as shown
above.
YOUR COSTS WOULD BE:
NUMBER OF YEARS: 1 3 5 10
- ----------------------------------------------------
COSTS: $ 51 $ 160 $ 280 $ 628
- ----------------------------------------------------
26
CHASE VISTA TAX FREE MONEY MARKET FUND
The Fund's main
investment strategy
The Fund's
objective
The Fund aims to
provide the highest
possible level of
current income
which is excluded
from gross income,
while still preserving
capital and maintaining
liquidity.
Under normal market conditions, the Fund will try to invest 100% of its assets
in municipal obligations, the interest on which is excluded from gross income
and which is not subject to the alternative minimum tax on individuals.
As a fundamental policy, the Fund will invest at least 80% of its assets in
municipal obligations. The remaining 20% of total assets may be invested in
securities which are subject to federal income tax or the federal alternative
minimum tax for individuals. To temporarily defend its assets, the Fund may
exceed this limit.
The Fund may also invest in municipal lease obligations. These provide
participation in municipal lease agreements and installment purchase contracts.
The Fund invests only in securities issued and payable in U.S. dollars.
Each investment must have the highest possible short-term rating from at least
two national rating organizations, or one such rating if only one organization
rates that security. Alternatively, some securities may have additional third
party guarantees in order to meet the rating requirements mentioned above. If
the security is not rated, it must be considered of comparable quality by the
Fund's advisers.
The dollar-weighted average maturity of the Fund will be 90 days or less and
27
CHASE VISTA TAX FREE MONEY MARKET FUND
the Fund will buy only those investments which have remaining maturities of 397
days or less.
The Fund seeks to develop an appropriate portfolio by considering the
differences in yields among securities of different maturities, market sectors
and issuers.
The Fund seeks to maintain a net asset value of $1.00 per share.
The Fund may change any of its non-fundamental investment policies (except its
investment objective) without shareholder approval.[logo]
The main investment risks
The Fund attempts to keep its net asset value constant, but there's no
guarantee it will be able to do so.
The value of money market investments tends to fall when prevailing interest
rates rise, although they're generally less sensitive to interest rate changes
than longer-term securities.
Changes in a municipality's financial health may make it difficult for the
municipality to make interest and principal payments when due. A number of
municipalities have had significant financial problems recently. This could
decrease the Fund's income or hurt its ability to preserve capital and
liquidity.
Investments in the Fund are not bank deposits or obligations of, or guaranteed
or endorsed by, The Chase Manhattan Bank or any of its affiliates and are not
insured by the FDIC, the Federal Reserve Board or any other government agency.
Although the Tax Free Money Market Fund seeks to preserve the value of your
investment at $1.00 per share, it is possible to lose money by investing in the
Fund.
Securities in the Fund's portfolio may not earn as high a current income as
longer term or lower-quality securities.
28
Under some circumstances, municipal obligations might not pay interest unless
the state or municipal legislature authorizes money for that purpose. Some
securities, including municipal lease obligations, carry additional risks. For
example, they may be difficult to trade or interest payments may be tied only
to a specific stream of revenue.
Since some municipal obligations may be secured or guaranteed by banks and
other institutions, the risk to the Fund could increase if the banking or
financial sector suffers an economic downturn.
Interest on certain municipal obligations is subject to the federal alternate
minimum tax. Normally, up to 20% of the Fund's total assets may be invested in
securities that are subject to this tax. Consult your tax professional for more
information.
The Fund may invest in municipal obligations backed by foreign institutions.
This could carry more risk than securities backed by U.S. institutions because
of political and economic instability, the imposition of government controls,
or regulations that don't match U.S. standards.
The Fund is not diversified. It may invest a greater percentage of its assets
in a particular issuer or group of issuers than a diversified fund would. That
makes it more susceptible to economic problems among the institutions issuing
the securities. In addition, more than 25% of the Fund's assets may be invested
in securities which rely on similar projects for their income stream. As a
result, the Fund could be more susceptible to developments which affect those
projects.
Although the Fund seeks to be fully invested, it may at times hold some of its
assets in cash. This would hurt the Fund's performance.[logo]
29
CHASE VISTA TAX FREE MONEY MARKET FUND
The Fund's past performance
This section shows the Fund's performance record. The bar chart shows how the
performance of the Fund has varied from year to year. This provides some
indication of the risks of investing in the Fund.
The performance for the period before Premier Class Shares were launched in
October of 1990 is based upon the performance for the Vista Class Shares of the
Fund.
The calculations assume that all dividends and distributions are reinvested in
the Fund. Some of the companies that provide services to the Fund have agreed
not to collect some expenses and to reimburse others. Without these agreements,
the performance figures would be lower than those shown.[logo]
YEAR-BY-YEAR RETURNS
Past performance does not predict how this Fund will perform in the future.
The bars for 1989 and 1990 are based on the performance of the Vista Class
Shares.
[GRAPH CHART PLOT POINTS]
1989 5.82%
1990 5.50%
1991 4.38%
1992 2.83%
1993 2.13%
1994 2.46%
1995 3.42%
1996 3.04%
1997 3.23%
1998 3.05%
[END PLOT POINTS]
The total return for the Fund from January 1, 1999 to September 30, 1999 was
2.03%.
BEST QUARTER 1.51%
- --------------------------------------
2nd quarter, 1989
- --------------------------------------
WORST QUARTER 0.48%
- --------------------------------------
1st quarter, 1994
AVERAGE ANNUAL TOTAL RETURNS
For the periods ending December 31, 1998
PAST 1 YEAR PAST 5 YEARS PAST 10 YEARS
- --------------------------------------------------------------
PREMIER SHARES 3.05% 3.04% 3.58%
- --------------------------------------------------------------
30
Fees and expenses
This table describes the fees and expenses you may pay if you buy and hold
shares of the Fund.
SHAREHOLDER FEES (FEES PAID DIRECTLY FROM YOUR INVESTMENT):
None
ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT ARE DEDUCTED FROM FUND ASSETS):*
TOTAL ANNUAL
MANAGEMENT DISTRIBUTION OTHER FUND OPERATING
CLASS OF SHARES FEE (12B-1) FEES EXPENSES EXPENSES
- --------------------------------------------------------------------------
PREMIER SHARES 0.10% NONE 0.49%# 0.59%#
- --------------------------------------------------------------------------
*The table is based on expenses incurred in the most recent fiscal year.
#Restated from most recent fiscal year to reflect current expense arrangements.
The actual Other Expenses are currently expected to be 0.45% and the Total
Annual Fund Operating Expenses are expected not to exceed 0.55%. That's because
The Chase Manhattan Bank (Chase) and some of the Fund's other service providers
have volunteered not to collect a portion of their fees and to reimburse
others. Chase and these other service providers may terminate this arrangement
at any time.
The table does not reflect charges or credits which investors might incur if
they invest through a financial institution.
EXAMPLE This example helps you compare the cost of investing in the Fund with
the cost of investing in other mutual funds. The example assumes:
o you invest $10,000
o you sell all your shares at the end of the period
o your investment has a 5% return each year, and
o the Fund's operating expenses are not waived and remain the same as shown
above.
Although your costs may be higher or lower, based on these assumptions:
YOUR COSTS WOULD BE:
NUMBER OF YEARS: 1 3 5 10
- -----------------------------------------------------
COSTS: $60 $189 $329 $738
- -----------------------------------------------------
31
THE FUND'S INVESTMENT ADVISER
The Fund's investment adviser
The Chase Manhattan Bank (Chase) is the investment adviser to the Fund. Chase
is a wholly owned subsidiary of The Chase Manhattan Corporation (CMC), a bank
holding company. Chase provides the Funds with investment advice and
supervision. Chase and its predecessors have more than a century of money
management experience. Chase is located at 270 Park Avenue, New York, New York
10017.
For the fiscal year ended August 31, 1999, Chase was paid a management fee of
0.10% of the average daily net assets of each Fund.
Chase Asset Management, Inc. (CAM) is the sub-adviser to every Fund except the
Cash Management Fund and the Tax Free Money Market Fund. CAM is a wholly-owned
subsidiary of Chase. It makes the day-to-day investment decisions for the Funds.
CAM provides discretionary investment advisory services to institutional
clients. CAM is located at 1211 Avenue of the Americas, New York, New York
10036.
THE YEAR 2000
The Fund, like any business, could be affected if the computer systems on which
it relies fail to properly process information beginning on January 1, 2000.
The Fund's advisers are updating their own systems and encouraging service
providers to do the same, but there's no guarantee these systems will work
properly. Year 2000 problems could also hurt issuers whose securities the Funds
hold or securities markets generally.
32
HOW YOUR ACCOUNT WORKS
Buying Fund shares
You don't pay any sales charge (sometimes called a load) when you buy shares in
these funds. The price you pay for your shares is the net asset value per share
(NAV). NAV is the value of everything the Fund owns, minus everything it owes,
divided by the number of shares held by investors. All of these Funds seek to
maintain a stable NAV of $1.00. Each Fund uses the amortized cost to value its
portfolio of securities. This method provides more stability in valuations.
However, it may also result in periods during which the stated value of a
security is different than the price the Fund would receive if it sold the
investment.
The NAV of each class of shares is generally calculated as of 6:00 p.m. eastern
time each day the Funds are accepting purchase orders. You'll pay the next NAV
calculated after the Chase Vista Funds Service Center receives your order in
proper form. An order is in proper form only after funds are converted into
federal funds.
The center accepts purchase orders on any business day that the Federal Reserve
Bank of New York and the New York Stock Exchange are open. If you send us an
order in proper form by the Fund's cut-off time, we'll process your order at
that day's price and you'll be entitled to all dividends declared on that day.
If we receive your order after the cut-off time, we'll
33
HOW YOUR ACCOUNT WORKS
we'll generally process it at the next day's price, but we may process it that
day if we receive it before 4:00 p.m. (Eastern time). If you pay by check
before the cut-off time, we'll generally process your order the next day the
Fund is open for business. Normally, the cut-off (in Eastern time) is:
- -----------------------------------
100% U.S. TREASURY
SECURITIES MONEY
MARKET FUND NOON
- -----------------------------------
TAX FREE MONEY
MARKET FUND NOON
- -----------------------------------
FEDERAL MONEY
MARKET FUND 2:00 P.M.
- -----------------------------------
U.S. GOVERNMENT
MONEY MARKET FUND 4:00 P.M.
- -----------------------------------
CASH MANAGEMENT
FUND 4:00 P.M.
- -----------------------------------
PRIME MONEY
MARKET FUND 4:00 P.M.
- -----------------------------------
TREASURY PLUS
MONEY MARKET FUND 4:00 P.M.
- -----------------------------------
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. If you buy through an agent and not
directly from the Chase Vista Funds Service Center, the agent could set earlier
cut-off times. Each Fund can set an earlier cut-off time if the Public
Securities Association recommends that the U.S. Government securities market
close trading early.
You must provide a Taxpayer Identification Number when you open an account.
The Funds have the right to reject any purchase order.[logo]
TO OPEN AN ACCOUNT, BUY OR SELL SHARES OR
GET FUND INFORMATION, CALL:
- -----------------------------------------
THE VISTA SERVICE CENTER
- -----------------------------------------
1-800-62-CHASE
- -----------------------------------------
QUALIFIED INVESTORS
Premier shares are available only to qualified investors. These are defined as
institutions, trusts, partnerships, corporations and certain retirement plans
and fiduciary accounts opened by a bank, trust company or thrift institution
which has investment authority over such accounts, as well as individuals who
meet a Fund's minimum investment requirements for Premier shares. Your agent
may not offer these shares to all types of qualified investors and may set
additional investor qualification requirements for these shares.[logo]
MINIMUM INVESTMENTS
First time investors must buy a minimum $100,000 worth of Premier Shares in a
Fund to open an account. There are no minimum levels for subsequent purchases,
but you must always have at least $100,000 in your account.
Make your check out to Chase Vista Funds in U.S. dollars. We won't accept
credit cards, cash, or checks from a third party. You cannot sell your shares
until your check has cleared, which could take 15 calendar days. If you buy
through an Automated Clearing House, you can't sell your shares until the
payment clears. That could take more than seven business days. Your purchase
will be canceled if your check
34
doesn't clear and you'll be responsible for any expenses and losses to the
Funds. Orders by wire will be canceled if the Chase Vista Funds Service Center
doesn't receive payment by 4:00 Eastern time on the day you buy.[logo]
OPENING YOUR ACCOUNT AND
BUYING SHARES
Through your investment representative
Tell your representative which Funds you want to buy and he or she will contact
us. Your representative may charge you a fee and may offer additional services,
such as special purchase and redemption programs, "sweep" programs, cash
advances and redemption checks. Your representative may set different minimum
investments and earlier cut-off times.[logo]
Selling Fund shares
You can sell your shares on any day the Chase Vista Funds Service Center is
open for trading, either directly to the Fund or through your investment
representative. You'll receive the next NAV calculated after the Chase Vista
Funds Service Center accepts your order.
Under normal circumstances, if your request is received before the Fund's
cut-off time, the Fund will send you the proceeds the next business day. We
won't accept an order to sell shares if the Fund hasn't collected your payment
for the shares. The Fund may stop accepting orders to sell and may postpone
payments for more than seven days, as federal securities laws permit.
You'll need to have your signature guaranteed if you want your payment sent to
an address other than the one we have in our records. We may also need
additional documents or a letter from a surviving joint owner before selling
the shares.[logo]
SELLING SHARES
Through your investment representative
Tell your representative which Funds you want to sell. He or she will send the
necessary documents to the Fund. Your representative might charge you for this
service.
Through The Chase Vista Funds Service Center
Call 1-800-62-CHASE. We will mail you a check or send the proceeds via
electronic transfer or wire. If you have changed your address of record within
the previous 30 days or if you sell $25,000 or more worth of Funds by phone,
we'll send the proceeds by electronic transfer or by wire only to the bank
account on our records. We charge $10 for each transaction by wire.
Or
Send a signed letter with your instructions to:
Chase Vista Funds Service Center
P.O. Box 419392
Kansas City, MO 64141-6392
35
HOW YOUR ACCOUNT WORKS
Distribution arrangements
Vista Fund Distributors Inc. (VFD) is the distributor for the Funds. It is a
subsidiary of The BISYS Group, Inc. and is not affiliated with Chase. The U.S.
Government Money Market Fund has adopted a Rule 12b-1 distribution plan under
which it pays up to 0.10% of its Premier Class assets in distributor fees.
This payment covers such things as payments for services provided by
broker-dealers and expenses connected to sale of shares. Payments are not tied
to the amount of actual expenses incurred. Because 12b-1 expenses are paid out
of a fund's assets on an ongoing basis, over time these fees will increase the
cost of your investment and may cost you more than other types of sales
charges.[logo]
Other information concerning the funds
We may close your account if the balance falls below $100,000 because you've
sold shares. We may also close the account if you fail to meet investment
minimums in 12 months. We'll give you 60 days notice before closing your
account.
Unless you indicate otherwise on your account application, we are authorized to
act on redemption and transfer instructions received by phone. If someone
trades on your account by phone, we'll ask that person to confirm your account
registration and address to make sure they match those you provided us. If they
give us the correct information, we are generally authorized to follow that
person's instructions. We'll take all reasonable precautions to confirm that
the instructions are genuine. Investors agree that they will not hold the Fund
liable for any loss or expenses from any sales request, if the Fund takes
reasonable precautions. The Fund will be liable for any losses to you from an
unauthorized sale or fraud against you if we do not follow reasonable
procedures.
You may not always reach the Chase Vista Funds Service Center by telephone.
This may be true at times of unusual market changes and shareholder activity.
You can mail us your instructions or contact your investment representative or
agent. We may modify or cancel the sale of shares by phone without notice.
The Trust has agreements with certain shareholder servicing agents (including
Chase) under which the shareholder servicing agents have agreed to provide
certain support services to their customers. For performing these services,
each shareholder servicing agent receives an annual fee of up to 0.25% of the
average daily net assets of the Premier Shares of each Fund held by investors
serviced by the shareholder servicing agent.
Chase and/or VFD may, at their own expense, make additional payments to certain
selected dealers or other shareholder servicing agents for performing
administrative ser-
36
vices for their customers. The amount may be up to an additional 0.10% annually
of the average net assets of the fund attributable to shares of the Fund held
by customers of those shareholder servicing agents.
Each Fund may issue multiple classes of shares. This prospectus relates only to
Premier shares of the Funds. Each class may have different requirements for who
may invest, and may have different sales charges and expense levels. A person
who gets compensated for selling Fund shares may receive different amount for
each class.
Chase and its affiliates and the Funds and their affiliates, agents and
subagents may share information about shareholders and their accounts with each
other and with others unless this sharing is prohibited by contract. This
information can be used for a variety of purposes, including offering
investment and insurance products to shareholders.[logo]
Distributions and taxes
The Funds can earn income and they can realize capital gain. The Funds deduct
any expenses then pay out these earnings to shareholders as distributions.
The Funds declare dividends daily, so your shares can start earning dividends
on the day you buy them. We distribute the dividends monthly in the form of
additional shares, unless you tell us that you want payment in cash or
deposited in a pre-assigned bank account. The taxation of dividends won't be
affected by the form in which you receive them. We distribute any short-term
capital gain at least annually. The Funds do not expect to realize long-term
capital gain.
Dividends are usually taxable as ordinary income at the federal, state and
local levels. Dividends of tax-exempt interest income by the Tax Free Funds are
not subject to federal income taxes but will generally be subject to state and
local taxes. The state or municipality where you live may not charge you state
and local taxes on tax-exempt interest earned on certain bonds. Dividends
earned on bonds issued by the U.S. government and its agencies may also be
exempt from some types of state and local taxes.
If you receive distributions of net capital gain, the tax rate will be based on
how long the Fund held a particular asset, not on how long you have owned your
shares.
Early in each calendar year, the Funds will send you a notice showing the
amount of distributions you received in the preceding year and the tax status
of those distributions.
The above is only a general summary of tax implications of investing in these
Funds. Please consult your tax adviser to see how investing in the Funds will
affect your own tax situation.[logo]
37
SHAREHOLDER SERVICES
CHECK WRITING
Check writing privileges are available for the Premier shares. Each check you
write must be for at least $2,500. Checks written on joint accounts require
only one signature.
EXCHANGE PRIVILEGES
You can exchange your Premier shares for shares in certain other Chase Vista
funds. For tax purposes, an exchange is treated as a sale of Fund shares.
Carefully read the prospectus of the fund you want to buy before making an
exchange. You'll need to meet any minimum investment requirements and may have
to pay a sales charge. Call 1-800-62-CHASE for details.
SYSTEMATIC INVESTMENT
You can also set up a systematic exchange program to automatically exchange
shares on a regular basis. It's a free service.
You should not exchange shares as means of short-term trading as this could
increase management cost and affect all shareholders. We reserve the right to
limit the number of exchanges or to refuse an exchange. We may also terminate
this privilege. We charge an administration fee of $5 for each exchange if you
make more than 10 exchanges in a year or three in a quarter. See the Statement
of Additional Information to find out more about the exchange privilege.
38
You cannot have simultaneous plans for the systematic investment or exchange
and the systematic withdrawal or exchange for the same fund.
EXCHANGE BY PHONE
You may also use our Telephone Exchange Privilege. You can get information by
contacting the Chase Vista Funds Service Center or your investment
representative.[logo]
What the terms mean
COMMERCIAL PAPER: Short-term securities with maturities of 1 to 270 days which
are issued by banks, corporations and others.
DEMAND NOTES: A debt security with no set maturity date. The investor can
generally demand payment of the principal at any time.
DISTRIBUTION FEE: Covers the cost of the distribution system used to sell
shares to the public.
DOLLAR WEIGHTED AVERAGE MATURITY: The average maturity of the Fund is the
average amount of time until the organizations that issued the debt securities
in the Fund's portfolio must pay off the principal amount of the debt. "Dollar
weighted" means the larger the dollar value of debt security in the Fund, the
more weight it gets in calculating this average.
FLOATING RATE SECURITIES: Securities whose interest rates adjust automatically
whenever a particular interest rate changes.
LIQUIDITY: Liquidity is the ability to easily convert investments into cash
without losing a significant amount of money in the process.
MANAGEMENT FEE: A fee paid to the investment adviser to manage the Fund and
make decisions about buying and selling the Fund's investments.
MUNICIPAL LEASE OBLIGATIONS: These provide participation in municipal lease
agreements and installment purchase contracts, but are not part of the general
obligations of the municipality.
MUNICIPAL OBLIGATIONS: Debt securities issued by or on behalf of states,
territories and possessions or by their agencies or other groups with authority
to act for them. For securities to qualify as municipal obligations, the
municipality's lawyers must give an opinion that the interest on them is not
considered gross income for federal income tax purposes.
OTHER EXPENSES: Miscellaneous items, including transfer agency, administration,
shareholder servicing, custody and registration fees.
REPURCHASE AGREEMENTS: A special type of a short-term investment. A dealer
sells securities to a Fund and agrees to buy them back later for a set price.
In effect, the dealer is borrowing the Fund's money for a short time, using the
securities as collateral.
SHAREHOLDER SERVICE FEE: A fee to cover the cost of paying shareholder
servicing agents to provide certain support services for your account.
VARIABLE RATE SECURITIES: Securities whose interest rates are periodically
adjusted.
39
FINANCIAL HIGHLIGHTS
Chase Vista 100% U.S. Treasury Securities Money Market Fund
The Financial Highlights table is intended to help you understand the Fund's
financial performance for the periods since shares were first offered. The
total returns in the table represent the rate that an investor would have
earned or lost on an investment in the Fund (assuming reinvestment of all
dividends and distributions).
The table set forth below provides selected per share data and ratios for one
Premier Share outstanding throughout each period shown.
This information is supplemented by financial statements including accompanying
notes appearing in the Fund's Annual Report to Shareholders for the year ended
August 31, 1999, which is incorporated by reference into the SAI. Shareholders
may obtain a copy of this annual report by contacting the Fund or their
Shareholder Servicing Agent.
The financial statements which include the financial information set forth in
the table below, have been audited by PricewaterhouseCoopers LLP, independent
accountants, whose report thereon is included in the Annual Report to
Shareholders.
Year Year Year 6/3/96
ended ended ended through
8/31/99 8/31/98 8/31/97 8/31/96*
PER SHARE OPERATING PERFORMANCE
- -----------------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 1.00 $ 1.00 $ 1.00 $ 1.00
- -----------------------------------------------------------------------------------------------------
Income from investment operations:
Net investment income 0.04 0.05 0.05 0.01
Less distributions:
Dividends from net investment income 0.04 0.05 0.05 0.01
- -----------------------------------------------------------------------------------------------------
Net asset value, end of period $ 1.00 $ 1.00 $ 1.00 $ 1.00
- -----------------------------------------------------------------------------------------------------
TOTAL RETURN 4.40% 5.00% 4.91% 1.11%
=====================================================================================================
RATIOS/SUPPLEMENTAL DATA
- -----------------------------------------------------------------------------------------------------
Net assets, end of period (millions) $ 24 $ 22 $ 6 $ 1
- -----------------------------------------------------------------------------------------------------
Ratio of expenses to average net assets# 0.50% 0.51% 0.55% 0.42%
- -----------------------------------------------------------------------------------------------------
Ratio of net investment income to average net assets# 4.22% 4.99% 4.80% 3.45%
- -----------------------------------------------------------------------------------------------------
Ratio of expenses without waivers and assumption of
expenses to average net assets# 0.56% 0.78% 0.80% 0.42%
- -----------------------------------------------------------------------------------------------------
Ratio of net investment income without waivers
and assumption of expenses to average net assets# 4.16% 4.72% 4.55% 3.45%
- -----------------------------------------------------------------------------------------------------
*Commencement of offering shares.
#Short periods have been annualized.
40
Chase Vista Treasury Plus Money Market Fund
The Financial Highlights table is intended to help you understand the Fund's
financial performance for the periods since shares were first offered. The
total returns in the table represent the rate that an investor would have
earned or lost on an investment in the Fund (assuming reinvestment of all
dividends and distributions).
The table set forth below provides selected per share data and ratios for one
Premier Share outstanding throughout each period shown.
This information is supplemented by financial statements including accompanying
notes appearing in the Fund's Annual Report to Shareholders for the fiscal year
ended August 31, 1999, which is incorporated by reference into the SAI.
Shareholders may obtain a copy of this annual report by contacting the Fund or
their Shareholder Servicing Agent.
The financial statements which include the financial information set forth in
the table below, have been audited by PricewaterhouseCoopers LLP, independent
accountants, whose report thereon is included in the Annual Report to
Shareholders.
Year Year Year Year Year
ended ended ended ended ended
8/31/99 8/31/98 8/31/97 8/31/96 8/31/95
PER SHARE OPERATING PERFORMANCE
- ----------------------------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
- ----------------------------------------------------------------------------------------------------------------
Income from investment operations:
Net investment income 0.04 0.05 0.05 0.05 0.05
Less distributions:
Dividends from net investment income 0.04 0.05 0.05 0.05 0.05
- ----------------------------------------------------------------------------------------------------------------
Net asset value, end of period $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
- ----------------------------------------------------------------------------------------------------------------
TOTAL RETURN 4.54% 5.18% 4.98% 5.07% 5.17%
================================================================================================================
RATIOS/SUPPLEMENTAL DATA
- ----------------------------------------------------------------------------------------------------------------
Net assets, end of period (millions) $ 476 $ 155 $ 131 $ 106 $ 19
- ----------------------------------------------------------------------------------------------------------------
Ratio of expenses to average net assets 0.45% 0.46% 0.51% 0.52% 0.50%
- ----------------------------------------------------------------------------------------------------------------
Ratio of net investment income to average net assets 4.42% 5.06% 4.88% 4.85% 5.23%
- ----------------------------------------------------------------------------------------------------------------
Ratio of expenses without waivers
and assumption of expenses to average net assets 0.50% 0.50% 0.53% 0.63% 1.57%
- ----------------------------------------------------------------------------------------------------------------
Ratio of net investment income without waivers
and assumption of expenses to average net assets 4.37% 5.02% 4.86% 4.74% 4.16%
- ----------------------------------------------------------------------------------------------------------------
41
FINANCIAL HIGHLIGHTS
Chase Vista Federal Money Market Fund
The Financial Highlights table is intended to help you understand the Fund's
financial performance for the periods since shares were first offered. The
total returns in the table represent the rate that an investor would have
earned or lost on an investment in the Fund (assuming reinvestment of all
dividends and distributions).
The table set forth below provides selected per share data and ratios for one
Premier Share outstanding throughout each period shown.
This information is supplemented by financial statements including accompanying
notes appearing in the Fund's Annual Report to Shareholders for the fiscal year
ended August 31, 1999, which is incorporated by reference into the SAI.
Shareholders may obtain a copy of this annual report by contacting the Fund or
their Shareholder Servicing Agent.
The financial statements which include the financial information set forth in
the table below, have been audited by PricewaterhouseCoopers LLP, independent
accountants, whose report thereon is included in the Annual Report to
Shareholders.
Year Year Year Year Year
ended ended ended ended ended
8/31/99 8/31/98 8/31/97 8/31/96 8/31/95
PER SHARE OPERATING PERFORMANCE
- ------------------------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
- ------------------------------------------------------------------------------------------------------------
Income from investment operations:
Net investment income 0.05 0.05 0.05 0.05 0.05
Less distributions:
Dividends from net investment income 0.05 0.05 0.05 0.05 0.05
- ------------------------------------------------------------------------------------------------------------
Net asset value, end of period $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
- ------------------------------------------------------------------------------------------------------------
TOTAL RETURN 4.67% 5.22% 5.12% 5.14% 5.40%
============================================================================================================
RATIOS/SUPPLEMENTAL DATA
- ------------------------------------------------------------------------------------------------------------
Net assets, end of period (millions) $ 298 $ 313 $ 400 $ 249 $ 149
- ------------------------------------------------------------------------------------------------------------
Ratio of expenses to average net assets 0.50% 0.50% 0.50% 0.50% 0.49%
- ------------------------------------------------------------------------------------------------------------
Ratio of net investment income to
average net assets 4.56% 5.07% 5.01% 4.99% 5.32%
- ------------------------------------------------------------------------------------------------------------
Ratio of expenses without waivers and
assumption of expenses to average net assets 0.50% 0.51% 0.52% 0.52% 0.59%
- ------------------------------------------------------------------------------------------------------------
Ratio of net investment income without waivers
and assumption of expenses to average net assets 4.56% 5.06% 4.99% 4.97% 5.22%
- ------------------------------------------------------------------------------------------------------------
42
Chase Vista U.S. Government Money Market Fund
The Financial Highlights table is intended to help you understand the Fund's
financial performance for the past five years. The total returns in the table
represent the rate that an investor would have earned or lost on an investment
in the Fund (assuming reinvestment of all dividends and distributions).
The table set forth below provides selected per share data and ratios for one
Premier Share outstanding throughout each period shown.
This information is supplemented by financial statements including accompanying
notes appearing in the Fund's Annual Report to Shareholders for the fiscal year
ended August 31, 1999, which is incorporated by reference into the SAI.
Shareholders may obtain a copy of this annual report by contacting the Fund or
their Shareholder Servicing Agent.
The financial statements which include the financial information set forth in
the table below have been audited by PricewaterhouseCoopers LLP, independent
accountants, whose report thereon is included in the Annual Report to
Shareholders.
Year Year Year Year Year
ended ended ended ended ended
8/31/99 8/31/98 8/31/97 8/31/96 8/31/95
PER SHARE OPERATING PERFORMANCE
- ------------------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
- ------------------------------------------------------------------------------------------------------
Income from investment operations:
Net investment income 0.05 0.05 0.05 0.05 0.05
Less distributions:
Dividends from net investment income 0.05 0.05 0.05 0.05 0.05
- ------------------------------------------------------------------------------------------------------
Net asset value, end of period $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
- ------------------------------------------------------------------------------------------------------
TOTAL RETURN 4.70% 5.25% 5.08% 5.15% 5.31%
======================================================================================================
RATIOS/SUPPLEMENTAL DATA
- ------------------------------------------------------------------------------------------------------
Net assets, end of period (millions) $ 922 $1,084 $ 837 $ 802 $ 764
- ------------------------------------------------------------------------------------------------------
Ratio of expenses to average net assets 0.45% 0.48% 0.55% 0.55% 0.55%
- ------------------------------------------------------------------------------------------------------
Ratio of net income to average net assets 4.60% 5.12% 4.97% 5.04% 5.22%
- ------------------------------------------------------------------------------------------------------
Ratio of expenses without waivers and
assumption of expenses to average
net assets 0.58% 0.60% 0.60% 0.59% 0.59%
- ------------------------------------------------------------------------------------------------------
Ratio of net investment income without
waivers and assumption of expenses to
average net assets 4.47% 5.00% 4.92% 5.00% 5.18%
- ------------------------------------------------------------------------------------------------------
43
FINANCIAL HIGHLIGHTS
Chase Vista Cash Management Fund
The Financial Highlights table is intended to help you understand the Fund's
financial performance for the periods since shares were first offered. The
total returns in the table represent the rate that an investor would have
earned or lost on an investment in the Fund (assuming reinvestment of all
dividends and distributions).
The table set forth below provides selected per share data and ratios for one
Premier Share outstanding throughout the period shown.
This information is supplemented by financial statements including accompanying
notes appearing in the Fund's Annual Report to Shareholders for the year ended
August 31, 1999, which is incorporated by reference into the SAI. Shareholders
may obtain a copy of this annual report by contacting the Fund or their
Shareholder Servicing Agent.
The financial statements which include the financial information set forth in
the table below, have been audited by PricewaterhouseCoopers LLP, independent
accountants, whose report thereon is included in the Annual Report to
Shareholders.
Year Year Year 5/6/96*
ended ended ended through
8/31/99 8/31/98 8/31/97 8/31/96
PER SHARE OPERATING PERFORMANCE
- -----------------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 1.00 $ 1.00 $ 1.00 $ 1.00
- -----------------------------------------------------------------------------------------------------
Income from investment operations:
Net investment income 0.05 0.05 0.05 0.02
Less dividends from net investment income 0.05 0.05 0.05 0.02
- -----------------------------------------------------------------------------------------------------
Net asset value, end of period $ 1.00 $ 1.00 $ 1.00 $ 1.00
- -----------------------------------------------------------------------------------------------------
TOTAL RETURN 4.89% 5.35% 5.18% 1.61%
=====================================================================================================
RATIOS/SUPPLEMENTAL DATA
- -----------------------------------------------------------------------------------------------------
Net assets, end of period (millions) $ 463 $ 415 $ 375 $ 433
- -----------------------------------------------------------------------------------------------------
Ratio of expenses to average net assets# 0.45% 0.47% 0.50% 0.50%
- -----------------------------------------------------------------------------------------------------
Ratio of net investment income to average net assets# 4.77% 5.22% 5.07% 4.93%
- -----------------------------------------------------------------------------------------------------
Ratio of expenses without waivers and assumption of
expenses to average net assets# 0.50% 0.52% 0.51% 0.52%
- -----------------------------------------------------------------------------------------------------
Ratio of net investment income without waivers and
assumption of expenses to average net assets# 4.72% 5.17% 5.06% 4.91%
- -----------------------------------------------------------------------------------------------------
*Commencement of offering shares.
#Short periods have been annualized.
44
Chase Vista Prime Money Market Fund
The Financial Highlights table is intended to help you understand the Fund's
financial performance for the periods since shares were first offered. The
total returns in the table represent the rate that an investor would have
earned or lost on an investment in the Fund (assuming reinvestment of all
dividends and distributions).
The table set forth below provides selected per share data and ratios for one
Premier Share outstanding throughout each period shown.
This information is supplemented by financial statements including accompanying
notes appearing in the Fund's Annual Report to Shareholders for the fiscal year
ended August 31, 1999, which is incorporated by reference into the SAI.
Shareholders may obtain a copy of this annual report by contacting the Fund or
their Shareholder Servicing Agent.
The financial statements which include the financial information set forth in
the table below, have been audited by PricewaterhouseCoopers LLP, independent
accountants, whose report thereon is included in the Annual Report to
Shareholders.
Year Year Year Year Year
ended ended ended ended ended
8/31/99 8/31/98 8/31/97 8/31/96 8/31/95
PER SHARE OPERATING PERFORMANCE
- -------------------------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
- -------------------------------------------------------------------------------------------------------------
Income from investment operations:
Net investment income 0.05 0.05 0.05 0.05 0.05
Less distributions:
Dividends from net investment income 0.05 0.05 0.05 0.05 0.05
- -------------------------------------------------------------------------------------------------------------
Net asset value, end of period $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
- -------------------------------------------------------------------------------------------------------------
TOTAL RETURN 4.90% 5.44% 5.34% 5.32% 5.44%
=============================================================================================================
RATIOS/SUPPLEMENTAL DATA
- -------------------------------------------------------------------------------------------------------------
Net assets, end of period (millions) $1,094 $ 590 $ 499 $ 419 $ 63
- -------------------------------------------------------------------------------------------------------------
Ratio of expenses to average net assets 0.45% 0.45% 0.45% 0.45% 0.45%
- -------------------------------------------------------------------------------------------------------------
Ratio of net investment income to
average net assets 4.77% 5.29% 5.17% 5.18% 5.24%
- -------------------------------------------------------------------------------------------------------------
Ratio of expenses without waivers and assumption
of expenses to average net assets 0.49% 0.51% 0.53% 0.51% 0.65%
- -------------------------------------------------------------------------------------------------------------
Ratio of net investment income without waivers
and assumption of expenses to average net assets 4.73% 5.23% 5.09% 5.12% 5.04%
- -------------------------------------------------------------------------------------------------------------
45
FINANCIAL HIGHLIGHTS
Chase Vista Tax Free Money Market Fund
The Financial Highlights table is intended to help you understand the Fund's
financial performance for the past five years. The total returns in the table
represent the rate that an investor would have earned or lost on an investment
in the Fund (assuming reinvestment of all dividends and distributions).
The table set forth below provides selected per share data and ratios for one
Premier Share outstanding throughout each period shown.
This information is supplemented by financial statements including accompanying
notes appearing in the Fund's Annual Report to Shareholders for the fiscal year
ended August 31, 1999, which is incorporated by reference into the SAI.
Shareholders may obtain a copy of this annual report by contacting the Fund or
their Shareholder Servicing Agent.
The financial statements which include the financial information set forth in
the table below have been audited by PricewaterhouseCoopers LLP, independent
accountants, whose report thereon is included in the Annual Report to
Shareholders.
Year Year Year Year Year
PER SHARE ended ended ended ended ended
OPERATING PERFORMANCE 8/31/99 8/31/98 8/31/97 8/31/96 8/31/95
Net asset value,
beginning of period $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
- -------------------------------------------------------------------------------------------------
Income from investment operations:
Net investment income 0.03 0.03 0.03 0.03 0.03
Less distributions:
Dividends from net
investment income 0.03 0.03 0.03 0.03 0.03
- -------------------------------------------------------------------------------------------------
Net asset value, end of period $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
- -------------------------------------------------------------------------------------------------
TOTAL RETURN 2.78% 3.17% 3.19% 3.12% 3.29%
=================================================================================================
RATIOS/SUPPLEMENTAL DATA
- -------------------------------------------------------------------------------------------------
Net assets, end of period
(millions) $ 130 $ 133 $ 105 $ 145 $ 148
- -------------------------------------------------------------------------------------------------
Ratio of expenses to
average net assets 0.54% 0.53% 0.53% 0.58% 0.56%
- -------------------------------------------------------------------------------------------------
Ratio of net investment income
to average net assets 2.74% 3.10% 3.13% 3.08% 3.21%
- -------------------------------------------------------------------------------------------------
Ratio of expenses without
waivers and assumption of
expenses to average net assets 0.56% 0.53% 0.53% 0.73% 0.84%
- -------------------------------------------------------------------------------------------------
Ratio of net investment income
without waivers and assumption
of expenses to average net assets 2.72% 3.10% 3.13% 2.93% 2.93%
- -------------------------------------------------------------------------------------------------
46
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HOW TO REACH US
More information
You'll find more information about the Funds in the following documents:
ANNUAL AND SEMI-ANNUAL REPORTS
Our annual and semi-annual reports contain more information about each Fund's
investments and performance.
STATEMENT OF ADDITIONAL
INFORMATION (SAI)
The SAI contains more detailed information about the Funds and their policies.
It is incorporated by reference into this prospectus. This means, by law, it's
considered to be part of this prospectus.
You can get a free copy of these documents and other information, or ask us any
questions, by calling us at 1-800-34-VISTA or writing to:
Chase Vista Funds Service Center
P.O. Box 419392
Kansas City, MO 64141-6392
If you buy your shares through The Chase Manhattan Bank or another institution,
you should contact that institution directly for more information. You can also
find information online at www.chasevista.com on the internet.
You can write or e-mail the SEC's Public Reference Room and ask them to mail
you information about the Funds, including the SAI. They'll charge you a
copying fee for this service. You can also visit the Public Reference Section
and copy the documents while you're there.
Public Reference Section of the SEC
Washington, DC 20549-0102
1-202-942-8090
Email: publicinfo@sec.gov
Reports, a copy of the SAI and other information about the Funds is also
available on the SEC's website at http://www.sec.gov.
The Fund's Investment Company Act File No. is 811-8358.
Chase Vista Funds
Fulfillment Center
393 Manley Street
West Bridgewater, MA 02379-1039