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INTERNATIONAL FUNDS LAUNCHED BY VISTA FAMILY OF MUTUAL FUNDS

 NEW YORK, Jan. 20 /PRNewswire/ -- The Chase Manhattan Bank, N.A. announced here today the launching of two international funds made available to U.S. investors by The Vista(SM) Family of Mutual Funds, whose portfolios are managed by Chase's private banking investment professionals.
 This marks the first time that the Chase Private Bank has capitalized on its global network of 20 offices serving clients in 150 countries to make mutual funds that invest in international securities available to individual investors in the United States.
 The two new funds are the Vista International Equity Fund and the Vista Global Fixed Income Fund. In addition, it was announced that the Vista Global Money Market Fund, previously offered only to instit?ions, is also now being made available to individual U.S. investors.
 "In making these funds available to U.S. investors," said Leonard Spalding, global investment management executive for the Chase Manhattan Private Bank, "we are bringing nearly a century of money management expertise in international markets directly to a new group of investors here at home."
 Spalding pointed out that more than half of the world's securities are now being traded outside the United States and demand is growing among American investors for global funds.
 "With our experience in the international arena and our investment specialists based in the major markets from Hong Kong to Geneva, we can help these investors find promising investment opportunities throughout the world," Spalding said.
 Three Funds Available
 The three global funds now available to U.S. investors are:
 -- The Vista International Equity Fund, which offers opportunities for long-term growth by investing primarily in a geographically diversified portfolio of equities of companies located outside the United States, as well as those that participate in foreign economies and foreign governments.
 -- The Vista Global Fixed Income Fund, which offers opportunities to obtain a high return through a combination of current income and capital appreciation by investing in the fixed income securities of governments and corporations worldwide.
 -- The Vista Global Money Market Fund, which offers opportunities to achieve a high level of current income by investing in a diversified portfolio that includes high-quality U.S. dollar-denominated short-term obligations of U.S. and foreign governments and corporations.
 Vista, which currently has $3 billion in assets, now comprises 20 mutual funds, ranging from aggressive stock funds to fixed income and money market funds.
 The most recent addition the Vista Family of Mutual Funds was the Vista Balanced Fund, introduced last October. It offers opportunities for long-term capital growth and current income by investing in a diversified portfolio of equity and debt securities.
 Other Vista Funds
 Among the other Vista funds, the Vista Growth and Income Fund was ranked by Lipper Analytical Services, Inc. as the Number One performer of all 168 growth and income funds and the Number Two best performer of all 776 equity funds in the United States for the five-year period ending Dec. 31, 1992.(A)
 In addition, the Vista Tax Free Income Fund was ranked by Lipper as the Number One performer among all 94 tax free income funds for the four-year period ending Dec. 31, 1992.(B)
 The Vista Family of Mutual Funds is one of the first families of bank-managed mutual funds to be made available through third-party broker/dealers. More than 350 broker/dealer firms now make Vista mutual funds available to their customers.
 The Chase Manhattan Private Bank, part of the Chase Manhattan Bank, N.A., has a widely diversified multilingual workforce of 2,000 people experienced in dealing with the regulatory and cultural differences of the global marketplace. It has $54 billion in assets under management, including the Vista mutual funds.
 The Chase Manhattan Corporation, parent of the Chase Manhattan Bank, N.A., currently has assets in excess of $97 billion, and more than $67 billion in deposits.
 Vista Broker-Dealer Services, Inc., is the fund's distributor and is unaffiliated with Chase. National bank subsidiaries of the Chase Manhattan Corporation are investment advisers, custodian and administrator for the funds and make available shares as shareholder servicing agents. Investments in the funds are not guaranteed by, or obligations of, Chase and are not FDIC insured. See the funds' prospectuses for additional information, including sales charges and expenses. Past performance is not a guarantee of future results. Investment returns and principal value are historical and will vary with market conditions so that an investor's shares, when redeemed, may be worth more or less than their original cost.
 (A) Lipper is an independent mutual fund performance monitor. Lipper rankings do not reflect a 4.75 percent sales charge, and its ranking periods do not always coincide with month-end dates.
 (B) Ranking does not reflect a 4.5 percent sales charge.
 These materials are for use by members of the press only. They are not for distribution or communication to the general public.
 -0- 1/20/93
 /CONTACT: William Grau of the Chase Manhattan Private Bank, 212-415-1922; or Nick Gicas of Padilla Speer Beardsley Inc., 212-752-8338, for Chase Manhattan Bank/
 (CMB)


CO: Chase Manhattan Bank, N.A. ST: New York IN: FIN SU: PDT

WB-LR -- NY010 -- 6832 01/20/93 11:13 EST
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Publication:PR Newswire
Date:Jan 20, 1993
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