TIP FUNDS
TURNER MICRO CAP GROWTH FUND
SUPPLEMENT DATED APRIL 21, 1999
TO THE PROSPECTUS DATED JANUARY 31, 1999
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE PROSPECTUSES. IT SHOULD BE RETAINED AND READ IN CONJUNCTION WITH SUCH
PROSPECTUSES.
Under the heading "Portfolio Managers" on page 14 of the prospectus, the
following should replace the second to last sentence of paragraph 1:
The Micro Cap Growth Fund is managed by a committee comprised of Frank
Sustersic, Bill McVail, and Chris Perry.
On Page 15 of the Prospectus, the following should follow paragraph 4:
Chris Perry is a member of the committee which manages the Micro Cap Growth
Fund, as set forth above. Mr. Perry, Senior Security Analyst of the
Adviser, is co-manager of the Micro Cap Growth Fund. Mr. Perry joined the
Adviser in 1998. Prior to 1998, he was a Research Analyst with Pennsylvania
Merchant Group. He has eight years of investment experience.
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PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
