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THE GROWTH FUND OF WASHINGTON TO JOIN VISTA FAMILY

 NEW YORK, March 3 /PRNewswire/ -- The Chase Manhattan Bank, N.A. (NYSE: CMB) and The Growth Fund of Washington announced today that the board of directors of The Growth Fund of Washington has voted to make the Fund a member of the Vista family, which is made available through Chase.
 According to Harry J. Lister, president of The Growth Fund of Washington, "This positive action taken by the Fund's board will provide substantial benefits to the Fund and its shareholders without any major change to the Fund's day-to-day operations."
 Under a new sub-advisory agreement, to be submitted for approval by the Fund's shareholders on April 26, 1993, The Chase Manhattan Bank, N.A. will provide investment advisory support for the Fund through Washington Investment Advisers, Inc. Washington Management Corporation and Washington Investment Advisers, Inc. will continue as the Fund's business manager and investment adviser, respectively.
 Chase Manhattan Bank, a major, worldwide banking organization with more than 100 years of investment management experience, is the investment adviser to the 16 equity and fixed income funds that are part of the over $3 billion Vista family. The Vista funds are distributed by Vista Broker-Dealer Services, Inc., which is unaffiliated with Chase. For the five-year period ending Dec. 31, 1992, the Vista Growth and Income Fund was ranked number one of all 168 growth and income funds.
 "By becoming a member of the Vista family, The Growth Fund of Washington will be better able to continue to provide individuals and institutional investors with an efficient and economical way to participate in one of the most dynamic investment areas in the United States at no increased cost to our shareholders," said Lister. The Growth Fund of Washington is the only mutual fund that invests primarily in companies headquartered or having a major place of business in Washington D.C., Maryland or Virginia.
 "The addition of The Growth Fund of Washington to our Vista family brings us an added perspective and years of valuable fund management experience for which we are most enthusiastic," said Paul Klug, vice president of Chase and business manager of Vista Capital Management.
 In preparation for becoming a member of the Vista family, the sales charge schedule will be revised and the maximum sales charges lowered for The Growth Fund of Washington, effective March 1, 1993.
 In addition, on or about May 1, 1993, the Fund's national distributor will be Vista Broker-Dealer Services, Inc., which will replace Washington Funds Distributors, Inc. Shareholder services will be provided through the Vista Service Center, a state-of-the-art operation maintained exclusively for the Vista family. Through the Vista Service Center, the fund's shareholder services will be enlarged and enhanced to include an expanded range of retirement plan options, telephone exchange and redemption privileges and "TeleVista(TM)," a 24- hour, seven-day-per-week telephone access to shareholder account information.
 -0- 3/3/93
 /CONTACT: William Grau of The Chase Manhattan Private Bank, 212-415-1922, or Lynthia Romney of Padilla Speer Beardsley Inc., 212-752-8338, for The Chase Manhattan Private Bank/
 (CMB)


CO: The Chase Manhattan Private Bank ST: New York IN: FIN SU:

TM-OS -- NY073 -- 2609 03/03/93 16:05 EST
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Publication:PR Newswire
Date:Mar 3, 1993
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