SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(b) 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
Alpha Select Funds
(formerly TIP Institutional Funds)
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(Name of Registrant as Specified In Its Charter)
same
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[ ] Fee paid previously with preliminary materials.
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<PAGE>
June 11, 1999
Dear Shareholder,
We have previously mailed to you proxy materials relating to the Turner Short
Duration Government Bond Funds - One Year Portfolio moving to the TIP Funds.
According to our latest records, we have not received your proxy card for this
important transaction. If you have not already mailed your proxy card, please
take a moment to sign, date and mail the enclosed duplicate proxy card promptly
in the return envelope provided for your convenience.
For reasons set forth in the Proxy Statement your Board of Directors unanimously
recommends that you vote "FOR" approval of both proposals on the meeting agenda.
If you have any questions or comments please call 1-800-224-6312. Thank you for
you cooperation and continued support.
Sincerely,
/s/ Stephen J. Kneeley
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Stephen J. Kneeley
President
TIP Funds
<PAGE>
ALPHA SELECT FUNDS
(formerly, TIP Institutional Funds)
Turner Short Duration Government Fund - One Year Portfolio
Special Meeting of the Shareholders
PROXY SOLICITED BY THE BOARD OF TRUSTEES FOR
THE SPECIAL MEETING OF SHAREHOLDERS, MAY 24, 1999
The undersigned, revoking previous proxies with respect to the Shares (defined
below), hereby appoints Stephen J. Kneeley and Lynda J. Striegel as proxies and
each of them, each with full power of substitution, to vote at the Special
Meeting of Shareholders of the Turner Short Duration Government Fund - One Year
Portfolio of Alpha Select Funds (formerly, TIP Institutional Funds) (the
"Trust") to be held in the offices of SEI Investments Company ("SEI
Investments"), Oaks, Pennsylvania 19456, on Monday, May 24, 1999, at 3:00 p.m.,
Eastern time, and any adjournments or postponements thereof (the "Meeting") all
shares of beneficial interest of said Trust that the undersigned would be
entitled to vote if personally present at the Meeting ("Shares") on the proposal
set forth below respecting the proposed Agreement and Plan of Reorganization and
Liquidation between the Trust, on behalf of the Alpha Select Turner Short
Duration Government Fund - One Year Portfolio, and TIP Funds Turner Short
Duration Government Funds - One Year Portfolio, and, in accordance with their
own discretion, any other matters properly brought before the Meeting.
THE BOARD OF TRUSTEES OF THE TRUST RECOMMENDS A VOTE "FOR" THE PROPOSAL:
PROPOSAL: Approval of an Agreement and Plan of Reorganization and Liquidation
between the Trust, on behalf of the Turner Short Duration Government
Funds - One Year Portfolio, and TIP Funds, on behalf of the Turner
Short Duration Government Funds - One Year Portfolio
____For ____Against ____Abstain
This proxy will, when properly executed, be voted as directed herein by the
signing Shareholder. If no contrary direction is given when the duly executed
Proxy is returned, this Proxy will be voted FOR the foregoing proposal and will
be voted in the appointed proxies' discretion upon such other business as may
properly come before the Meeting.
<PAGE>
The undersigned acknowledges receipt with this Proxy of a copy of the Notice of
Special Meeting and the Proxy Statement of the Board of Trustees. Your
signature(s) on this Proxy should be exactly as your name(s) appears on this
Proxy. If the shares are held jointly, each holder should sign this Proxy.
Attorneys-in-fact, executors, administrators, trustees or guardians should
indicate the full title and capacity in which they are signing.
Dated: , 1999
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Signature of Shareholder
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Signature (Joint owners)
PLEASE DATE, SIGN AND RETURN PROMPTLY USING THE ENCLOSED, POSTAGE-PAID ENVELOPE
WHETHER OR NOT YOU EXPECT TO ATTEND THE MEETING; YOU MAY, NEVERTHELESS, VOTE IN
PERSON IF YOU DO ATTEND.
