SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the Registrant [x]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by
Rule 14a-6(e)(2))
[ ] Definitive Proxy Statement
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant to 240.14a-11(c) or 240.14a-12
TIP Institutional Funds (formerly, The Solon Funds)
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(Name of Registrant as Specified In Its Charter)
same
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(Name of Person(s) Filing Proxy Statement, if other than Registrant)
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[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1)
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SOLON SHORT DURATION GOVERNMENT FUNDS
1981 N. Broadway, Suite 325
Walnut Creek, CA 94596
510/988-7110
Dear Fellow Shareholder:
It is with great pleasure that Solon Asset Management, L.P., as adviser to The
Solon Short Duration Government Funds, announces that it has entered into an
agreement to sell its business and assets to Turner Investment Partners, Inc.
of Berwyn, PA. As part of the transaction, The Solon Funds will become known
as the TIP Institutional Funds.
We would like to stress that the management style, investment policy and
performance which distinguished The Solon Funds will continue with the TIP
Institutional Funds. James Midanek, Portfolio Manager for The Solon Funds, will
continue to serve as Portfolio Manager for the TIP Institutional Funds. Turner
has committed to continuing this pursuit of portfolio excellence and brings
extensive marketing resources to the Funds.
We are very excited to become part of the Turner family. We feel this is a
great business opportunity which is to the benefit of all our shareholders.
We hope you agree and will take a moment to read the attached proxy regarding
this transaction and return your vote.
For more specific information regarding the Transaction, please refer to page 2
of the enclosed "Shareholder Information" packet. For specific information
regarding Turner Investment Partners, Inc., see page 3. For a description of
fees of the TIP Institutional Funds, see page 4. Of course, please feel free to
call us at 800/467-6566 with any questions.
Sincerely,
/s/ Cynthia J. Kunze
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Cynthia J. Kunze
Secretary
The Solon Funds
December 17, 1997
