Notes to Financial Statements
1. Organization and Significant Accounting Policies - Mutual Fund Group (the "Trust") was organized on May
11, 1987 as a Massachusetts Business Trust and is registered under the Investment Company Act of 1940, as
amended, (the "1940 Act") as an open-end management investment company. Effective March 16, 1998, the
Vista Family of Mutual Funds changed its name to the Chase Vista Funds. Chase Vista Select Growth and
Income Fund ("CVSGI") or, the "Fund" is a separate series of the Trust.
The Chase Vista Select Growth and Income Fund utilizes the Master Feeder structure. The Fund seeks to
achieve its investment objective by investing all of its investable assets in the Growth and Income Portfolio (the
"Portfolio") which, like the Fund, is an open-end management investment company having the same investment
objectives as the Fund. As of October 31, 1998, CVSGI owned 18.84% of the net assets of the Growth and
Income Portfolio. The financial statements of the Portfolio, including the portfolio of investments, are included
elsewhere in this report and should be read in conjunction with the Financial Statements of the Fund.
The following is a summary of significant accounting policies followed by the Fund: The preparation of financial
statements in accordance with generally accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could
differ from those estimates.
A. Valuation of investments - Investments are recorded in the Portfolio at value. Securities of the Portfolio are
recorded at value as more fully discussed in the notes to those financial statements.
B. Investment income and expenses - CVSGI records daily its pro-rata share of the Portfolio's income,
expenses, and realized and unrealized gains and losses. In addition, the Fund accrues its own expenses daily as
incurred. Realized gains/losses and changes in unrealized appreciation/depreciati