TIP INSTITUTIONAL FUNDS
DEFA14A, 1998-01-14
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                            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)
- --------------------------------------------------------------------------------
                (Name of Registrant as Specified In Its Charter)

                                      same
- --------------------------------------------------------------------------------
      (Name of Person(s) Filing Proxy Statement, if other than Registrant)

Payment of Filing Fee (Check the appropriate box):

[X]      No fee required
[ ]      Fee computed on table below per Exchange Act Rules 14a-6(i)(1)
         and 0-11(1).

         1)  Title of each class of securities to which transaction applies:

             -------------------------------------------------------------------

         2)  Aggregate number of securities to which transaction applies:

             -------------------------------------------------------------------

         3)  Per unit price or other underlying value of transaction computed
             pursuant to Exchange Act Rule 0-11 (set forth the amount on which
             the filing fee is calculated and state how it was determined):

             -------------------------------------------------------------------

         4)  Proposed maximum aggregate value of transaction:

             -------------------------------------------------------------------

         5)  Total fee paid:

             -------------------------------------------------------------------

[ ]      Fee paid previously with preliminary materials.
[ ]      Check box if any part of the fee is offset as provided by Exchange
         Act Rule 0-11(a)(2) and identify the filing for which the offsetting
         fee was paid previously. Identify the previous filing by registration
         statement number, or the Form or Schedule and the date of its filing.

         1)  Amount Previously Paid:

             -------------------------------------------------------------------

         2)  Form, Schedule or Registration Statement No.:

             -------------------------------------------------------------------

         3)  Filing Party:

             -------------------------------------------------------------------

         4)  Date Filed:

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<PAGE>

January 12, 1998


SOLON SHORT DURATION GOVERNMENT FUNDS
1981 N. Broadway, Suite 325
Walnut Creek, CA 94596


Dear Fellow Shareholder:

Enclosed you will find a second ballot concerning the proxy to approve a new
investment advisory agreement due to the purchase of Solon Asset Management
L.P. by 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 philosophy and
performance which distinguished The Solon Funds will continue with the TIP
Institutional Funds. James Midanek will continue to serve as Portfolio Manager
for the TIP Institutional Funds. We feel this is a great business opportunity
which is to the benefit of all of our shareholders.

As you will notice by looking at the first proxy you received, the meeting date
was originally scheduled for December 29, 1997. Unfortunately due to the
aggressive timetable we put in place, we have not yet received sufficient
shareholder votes for the resolution to pass. Your vote is very important to us.
Please take a few moments to read the proxy and return the enclosed proxy ballot
as soon as possible. Thank you for your time and effort concerning this matter.


Sincerely,




The Solon Funds




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