TIP FUNDS
Turner Short Duration Government Funds
-One Year Portfolio
Turner Short Duration Government Funds
-Three Year Portfolio
Turner Core High Quality Fixed Income Fund
Supplement dated May 16, 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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The following disclosure should replace the seventh sentence in the first
paragraph in the "Portfolio Managers" section on page 23 of the Prospectus:
The Short Duration Government Funds - One Year Portfolio, Short Duration
Government Funds - Three Year Portfolio, and Core High Quality Fixed Income Fund
are managed by a committee comprised of James Midanek and John Pak.
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The following disclosure replaces the final paragraph of the "Portfolio
Managers" section on page 23 of the Prospectus:
Robb J. Parlanti is a member of the committee, which manages the
Technology Fund, as set forth above. Mr. Parlanti, CFA, Senior
Portfolio Manager of the Adviser, is co-manager of the Technology
Fund. Mr. Parlanti joined the Adviser in 1993. Prior to 1993, he was
Assistant Vice President and Portfolio Manager at PNC Bank. He has 13
years of investment experience.
John Pak is a member of the committee, which manages the Short
Duration Government Funds -- One Year Portfolio, Short Duration
Government Funds -- Three Year Portfolio, and Core High Quality Fixed
Income Fund, as set forth above. Mr. Pak, Senior Portfolio
Manager/Analyst of the Adviser, is co-manager of the Fixed Income
Funds. Mr. Pak joined the adviser in 2000. Prior to 2000, he was Vice
President/Trade Desk Manager at Tuttle Decision Systems and Assistant
Vice President at C.F. Childs and Company.
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PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
TUR-E-030-05
