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TIP FUNDS
(formerly, Turner Funds)
Ultra Large Cap Fund
Growth Equity Fund
Midcap Fund
Small Cap Fund
Supplement dated June 23, 1997
to the Prospectus dated January 31, 1997
This supplement contains new and additional information beyond that contained in
the Prospectus, and should be retained and read in conjunction with such
Prospectus.
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On June 20, 1997, the Board of Trustees of TIP Funds (formerly, Turner Funds)
(the "Trust") met and unanimously nominated six nominees for election as members
of the Trust's Board of Trustees (the "Board"). Each of the current members of
the Board (except Mark D. Turner) is named as a nominee, as are three additional
nominees. A Special Meeting of Shareholders (the "Meeting") of the Trust has
been called for August 21, 1997, at which Meeting the Trust's Shareholders will
be asked to approve the election of each of the Nominees. A proxy statement
describing the background and qualifications of each Nominee will be delivered
to Shareholders of record as of June 23, 1997, in early July.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
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July 3, 1997
VIA EDGAR
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Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549
Re: TIP Funds
File Nos. 333-00641 and 811-07527
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Ladies and Gentlemen:
On behalf of our client, TIP Funds (the "Fund"), we are filing, pursuant to Rule
497(e) under the Securities Act of 1933, a supplement dated June 23, 1997, to
the Fund's Prospectus dated January 31, 1997.
Please contact me at (202) 467-7811 with your questions or comments regarding
this filing.
Sincerely,
/s/ Elizabeth H. Torp
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Elizabeth H. Torp
Legal Assistant
cc: Edward B. Baer, Esq.
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