TIP FUNDS
Supplement dated February 28, 2000, to the
Statement of Additional Information
dated January 31, 2000
This supplement provides new and additional information beyond that contained in
the Statement of Additional Information and should be read in conjunction with
the Statement of Additional Information.
The following disclosure should be included in the Adviser section on page S-25:
Turner recently conducted a study to redefine the maximum asset
capacity for its equity products. The criteria used in calculating the
maximum asset capacity included the distribution of each product's
holdings among the various market-capitalization segments, the
distribution of economic sectors by market capitalization, the average
daily dollar volume traded per market-capitalization segment and sector
and the weighted average liquidity per product. As a result, Turner has
redefined the maximum asset-capacity limits for its equity products as
set forth in the prospectus.
The following members of Turner's Investment team will serve as security
analysts in the sectors indicated:
Analyst Sector
- ------- ------
Frank Sustersic Health-Care
Bill McVail Consumer-Staples
Chris Perry Financial-Services
Chris McHugh Materials/Processing
John Hammerschmidt Autos/Transportation and Energy
Bob Turner Producer-Durables and Technology
Mark Turner Consumer-Staples
Robb Parlanti Utilities/Telecommunications
The Statement of Information is hereby amended to reflect the addition of this
information.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
TURA-025-04
