2006

2006 Tax Information

Below are the capital gains distribution dates for the Turner Funds for 2006:

Record Date: Wednesday, December 13, 2006
Ex Date: Thursday, December 14, 2006
Reinvest Date: Thursday, December 14, 2006
Payable Date: Thursday, December 15, 2006

The Turner Funds are declaring capital gain distributions in compliance with Federal tax requirements.

Please note the following important information:

Fund Name	Per Share Short Term Gains:	Per Share Long Term Gains:	Total Per Share Distribution:
Turner Large Cap Value Fund	$0.2137	$0.0037	$0.2174
Turner Small Cap Value Fund	$0.0293	$1.2737	$1.3030
Turner Emerging Growth Fund (Formerly Turner Micro Cap Growth Fund)	$0.0000	$5.2159	$5.2159

The following Funds have qualified dividends (percentages are preliminary):

Fund Name	Amount Qualified
Turner Core Growth Fund	100.00%
Turner Emerging Growth Fund (Formerly Micro Cap Growth Fund)	3.83%
Turner Large Cap Growth Fund	100%
Turner Large Cap Value Fund	41.39%