Chase Vista Tax Free Income Funds

                      Supplement Dated September 19, 2000
                               Class A & B Shares
                       Prospectus Dated December 29, 1999


The following paragraph replaces the third paragraph on page 26 in the Fund's
Investment Adviser section.

Chase Fleming Asset Management (USA) Inc. (CFAM (USA)) is the sub-adviser to
all the Funds. It makes the day to day investment decisions for those Funds.
Chase pays CFAM (USA) a sub-advisory fee for its services. CFAM (USA) is a
wholly owned subsidiary of Chase. CFAM (USA) provides discretionary investment
services to institutional clients and is located at 1211 Avenue of the
Americas, New York, NY 10036.