TIP FUNDS
Turner Large Cap Growth Equity Fund
Turner Growth Equity Fund
Supplement dated June 5, 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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A Special Meeting of the shareholders of the Turner Growth Equity Fund (the
"Fund") was held on May 22, 2000. At the Special Meeting, shareholders voted on
a proposed reorganization of the Fund into the Vanguard Growth Equity Fund. The
reorganization was approved and the Fund is no longer available. Similarly, it
is expected that at a Special Meeting scheduled for June 9, 2000 shareholders of
the Turner Large Cap Growth Equity Fund will approve a similar reorganization
into the Mercury Select Growth Fund. The Large Cap Growth Equity Fund will then
no longer be available for purchase after June 16, 2000.
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PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
TUR-F-030-05
