UNITED SERVICES FUNDS
497, 1996-09-27
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                       THE BEST SAVINGS YIELD IN THE U.S.!

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                         DID YOU KNOW LIPPER RANKED THE
                           U.S. GOVERNMENT SECURITIES
                         SAVINGS FUND #1 AMONG ALL U.S.
                       GOVERNMENT MONEY MARKET FUNDS FOR
                              THE PAST FIVE YEARS?

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                         THE U.S. GOVERNMENT SECURITIES
                        SAVINGS FUND IS CONSISTENTLY ONE
                         OF THE TOP 10 HIGHEST YIELDING
                          GOVERNMENT-ONLY MONEY FUNDS.

                        RANKED #4 WITH A YIELD OF 5.28%*
                                                                                
                       *By IBC's Money Fund Report. Yield
                 percentages for one week period as of 9/24/96.
                 The average government-only fund yielded 4.74%
                                                                                
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                                 STATE TAX FREE

                                HIGHEST YIELDING

                          MAKES MONEY AS IT SAVES MONEY
                                                                                
The U.S.  Government  Securities Savings Fund was ranked #1 out of 69 government
money market funds by Lipper Analytical Services.  The fund was ranked #6 out of
110 for the one-year period ending 12/31/95.  Like all other mutual funds,  Fund
shares are not  backed by the U.S.  Government  or its  agencies;  however,  the
securities  it invests in are.  The Fund is managed to  maintain a stable $1 per
share value; however, there is no assurance it will be able to do so. For a free
prospectus containing more complete information, including charges and expenses,
call 1-800-US-FUNDS. Please read the prospectus carefully before investing. Past
performance  is no  guarantee  of future  results.  The  Advisor of the Fund has
guaranteed  total fund  operating  expenses (as a percentage of net assets) will
not  exceed  0.40%  until  6/30/97,  or until  such  later  date as the  Advisor
determines.  In  accordance  with SEC  guidelines,  capital  gains or losses are
excluded from yield calculations.
                                                                                
                           U.S. GLOBAL INVESTORS, INC.
                                                                                
     FOR MORE INFORMATION, PLEASE CONTACT JOHANNA THORNBLAD AT 210/308-1237
                      OR STEPHANIE LINKOUS AT 210/308-1214.


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