TIP FUNDS
TIP Target Select Equity Fund
Supplement dated March 23, 2000
to the Prospectus dated January 31, 2000
This supplement provides new and additional information beyond that contained in
the Prospectus and should be read in conjunction with the Prospectus.
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On February 25, 2000, the Board accepted Chartwell Investment Partner's
("Chartwell") resignation as Sub-Adviser to the Fund. Accordingly, all
references in the Prospectus to Chartwell are hereby deleted. The assets
previously managed by Chartwell were reallocated to the remaining advisers.
The Prospectus is hereby amended to reflect the addition of this information.
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PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
TIP-A-003-03
