November 19, 1998
VIA EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: TIP FUNDS (FILE NOS. 333-00641 AND 811-07527)
FILING PURSUANT TO RULE 497(E)
Ladies and Gentlemen:
On behalf of our client, TIP Funds (the "Trust"), we are filing, pursuant to
Rule 497(e) under the Securities Act of 1933, a supplement dated November 19,
1998, to the Turner Prospectus dated January 31, 1998, for the Trust's Midcap
Growth and Growth Equity Funds.
Please contact me at (202) 467-7811 if you have any questions regarding this
filing.
Sincerely,
/s/ Elizabeth H. Torp
Elizabeth H. Torp
Legal Assistant
cc: Edward B. Baer, Esq.
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TIP FUNDS
MIDCAP GROWTH FUND
GROWTH EQUITY FUND
SUPPLEMENT DATED NOVEMBER 19, 1998 TO
THE PROSPECTUS DATED JANUARY 31, 1998
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE PROSPECTUS. IT SHOULD BE RETAINED AND READ IN CONJUNCTION WITH SUCH
PROSPECTUS.
THE MIDCAP GROWTH AND GROWTH EQUITY FUNDS WILL CLOSE TO MOST NEW INVESTORS ONCE
THE ASSETS UNDER MANAGEMENT OF TURNER INVESTMENT PARTNERS, INC. ("TURNER") REACH
CERTAIN SPECIFIED LEVELS. EFFECTIVE WHEN THE ASSETS THAT TURNER MANAGES IN ITS
MIDCAP GROWTH EQUITY STYLE AND THE GROWTH EQUITY STYLE (WHICH INCLUDES THE
ASSETS OF EACH FUND) REACH $2.6 BILLION AND $8.6 BILLION, RESPECTIVELY, THE
FUNDS WILL BE CLOSED TO NEW INVESTORS. EXISTING SHAREHOLDERS OF THE FUNDS WILL
BE NOTIFIED BEFORE THE FUNDS ARE CLOSED TO NEW INVESTORS.
SHAREHOLDERS OF THE FUNDS AS OF THE EFFECTIVE DATE FOR THIS CLOSING MAY CONTINUE
TO MAKE INVESTMENTS IN THE FUNDS, AND MAY OPEN ADDITIONAL ACCOUNTS WITH THE
FUNDS, PROVIDED THE NEW ACCOUNTS ARE REGISTERED IN THE SAME NAME OR HAVE THE
SAME TAXPAYER IDENTIFICATION OR SOCIAL SECURITY NUMBER ASSIGNED TO THEM. IN
ADDITION, CERTAIN LIMITED CLASSES OF NEW INVESTORS MAY ALSO PURCHASE SHARES OF
THE FUNDS AFTER THEY ARE CLOSED TO NEW INVESTORS.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
