[GRAPHIC: U.S. GLOBAL INVESTORS, INC. LOGO]
Dear Investor,
In the November 15 issue of Bottom Line/Personal, Doug Fabian, editor of The
Fabian Premium Investment Resource, named 3 industries which he believes are
poised for growth.
* NATURAL RESOURCES.--"This is one sector that has already begun its upward
movement."
* PRECIOUS METALS.--"This sector has only recently started to emerge."
* ASIAN MARKETS.--"The full emergence of Asian stocks is yet to come."
U.S. Global Investors offers unique growth opportunities in all of Fabian's
favorite sectors.
Natural resources--U.S. GLOBAL RESOURCES FUND
Precious metals--U.S. WORLD GOLD FUND
Asian markets--CHINA REGION OPPORTUNITY FUND
Fabian specifically recommended the U.S. Global Resources Fund as one of his
"no-load favorites." Here's why:
[LINEAR GRAPH PLOTTED FROM DATA IN TABLE BELOW]
<TABLE>
<CAPTION>
U.S. GLOBAL
S&P 500 RESOURCES FUND
------- --------------
<S> <C> <C>
12/29/95 ............................. 10000.00 10000.00
1/5/96 .............................. 10028.74 10183.95
1/12/96 ............................. 9770.75 10050.17
1/19/96 ............................. 9933.43 10033.45
1/26/96 ............................. 10092.38 10150.50
1/31/96 ............................. 10339.96 10367.89
2/2/96 .............................. 10379.63 10568.56
2/9/96 .............................. 10670.79 10535.12
2/16/96 ............................. 10534.39 10602.01
2/23/96 ............................. 10714.85 10618.73
2/29/96 ............................. 10436.15 10484.95
3/1/96 .............................. 10500.36 10501.67
3/8/96 .............................. 10323.22 10351.17
3/15/96 ............................. 10452.45 10618.73
3/22/96 ............................. 10602.20 10886.29
3/29/96 ............................. 10536.63 11070.23
4/5/96 .............................. 10705.74 11170.57
4/12/96 ............................. 10393.15 11153.85
4/19/96 ............................. 10529.61 11337.79
4/26/96 ............................. 10666.56 11688.96
4/30/96 ............................. 10691.83 11722.41
5/3/96 .............................. 10486.88 11588.63
5/10/96 ............................. 10657.84 11638.80
5/17/96 ............................. 10932.74 11789.30
5/24/96 ............................. 11089.65 11956.52
5/31/96 ............................. 10967.10 11906.35
6/7/96 .............................. 11035.77 11571.91
6/14/96 ............................. 10913.50 11488.29
6/21/96 ............................. 10929.73 11488.29
6/28/96 ............................. 11008.91 11672.24
7/5/96 .............................. 10792.39 11638.80
7/12/96 ............................. 10607.71 11688.96
7/19/96 ............................. 10485.25 11488.29
7/26/96 ............................. 10438.79 11187.29
7/31/96 ............................. 10522.81 11170.57
8/2/96 .............................. 10893.44 11371.24
8/9/96 .............................. 10887.02 11354.52
8/16/96 ............................. 10938.16 11488.29
8/23/96 ............................. 10968.09 11755.85
8/30/96 ............................. 10745.10 11571.91
9/6/96 .............................. 10805.92 11655.52
9/13/96 ............................. 11215.62 11989.97
9/20/96 ............................. 11322.41 11839.47
9/27/96 ............................. 11308.73 11956.52
9/30/96 ............................. 11349.33 12040.13
10/4/96 .............................. 11582.98 12341.14
10/11/96 ............................. 11569.77 12374.58
10/18/96 ............................. 11737.54 12675.59
10/25/96 ............................. 11574.06 12591.97
10/31/96 ............................. 11662.22 12608.70
11/1/96 .............................. 11637.42 12608.70
11/8/96 .............................. 12084.72 12658.86
11/15/96 ............................. 12197.16 12993.31
- ----------
The U.S. Global Resources Fund Outperformed the S&P 500
</TABLE>
An investment of $10,000 made in the U.S. Global Resources Fund on January 1,
1996, would already be worth almost $13,000, beating the year-to-date total
returns of the S&P 500 by over 36%. Average annual total returns for the U.S.
Global Resources Fund were 36.70%, 8.00% and 5.74% for the 1-, 5- and 10-year
periods ended 11/15/96.
Inspired to superior performance and specialists in global equity investing,
U.S. Global Investors can give you international growth potential and
diversification. Call 1-800-873-8637 today or return the tear-off card below to
discover the benefits of investing with specialists in the global equity
markets.
Sincerely yours,
/s/Frank Holmes
Frank Holmes
Chairman & CEO
P.S. You can also take advantage of the low minimum initial investments
available through the ABC Investment Plan(R). Call 1-800-US-FUNDS or
1-800-873-8637 to discover how regular monthly investments can maximize the
accumulation of your wealth.
- --------------------------------------------------------------------------------
YES! I need to learn more about the investment opportunities at U.S. Global.
Please rush me a FREE investment guide today.
Name................................. [ ] U.S. Global Resources Fund
Address.............................. [ ] U.S. World Gold Fund
City, State, Zip..................... [ ] China Region Opportunity Fund
Daytime Phone........................ [ ] Please enclose an IRA investment kit.
For immediate response ----------
call 1-800-873-8637 now! BL494 For more complete information, including
charges and expenses, call
1-800-873-8637. Please read the
prospectus carefully before investing.
Past performance is no guarantee of
future results. Investment return and
principal may fluctuate. You may have a
gain or loss when you sell shares. The
S&P 500 is an unmanaged index and
considered representative of the stock
market. U.S. Global Investors
