PSIE-1-399
PSIE-1-399X

                     Chase Vista International Equity Funds

                        Supplement Dated January 12, 2000
            Chase Vista Japan Fund, Chase Vista Southeast Asian Fund,
                     Chase Vista Latin American Equity Fund
                       Prospectus Dated February 26, 1999

In anticipation of their termination on March 30, 2000, the Chase Vista Japan
Fund, Chase Vista Southeast Asian Fund and Chase Vista Latin American Equity
Fund are closed to new investors effective immediately.

Since it will take some time to liquidate the securities held in the Funds in
an orderly manner and in order to raise cash to meet anticipated shareholder
redemptions, the Funds' managers will begin to convert the holdings to cash and
cash equivalent instruments. The Funds' Investment Adviser will be responsible
for all costs associated with the closing of the Funds and any extraordinary
costs associated with converting the portfolios to cash.

Existing shareholders have been sent written notification of the anticipated
termination. Any shareholder that has not redeemed his or her shares or
exchanged such shares for those of another Chase Vista Fund by the effective
closing date (3/30/00) will have their Fund shares converted to those of the
Chase Vista 100% U.S. Treasury Securities Money Market Fund. The conversion
will be calculated based on the relative net asset values per share for the
Chase Vista Japan Fund, Chase Vista Southeast Asia Fund or Chase Vista Latin
America Equity Fund, as the case may be, and the Chase Vista 100% U.S. Treasury
Securities Money Market Fund.

Please note the Chase Vista International Equity Fund and the Chase Vista
European Fund will remain open and will not be affected by this anticipated
change.



                                                                     PSIE-36-100