SUPERIOR PERFORMANCE
(MOUNTAIN GRAPH PLOTTED FROM DATA IN TABLE BELOW)
<TABLE>
<CAPTION>
FIDELITY
U.S. WORLD USAADINV: SEL:AMER
GOLD FUND GOLD GOLD
---------- -------- --------
<S> <C> <C> <C>
9/30/91 10000 10000 10000
10/31/91 11009.77 10546.88 10767.44
11/29/91 11074.92 10673 10744.19
12/31/91 10597.18 10376.94 10542.64
1/31/92 10857.76 10550.94 10798.45
2/28/92 10705.75 10266.21 10465.12
3/31/92 9956.569 9649.287 9751.938
4/30/92 9011.944 9222.188 9255.814
5/29/92 9739.414 9791.654 9914.729
6/30/92 10304.02 10076.39 10558.14
7/31/92 10901.19 10630.03 11224.81
8/31/92 10640.61 10376.94 11015.5
9/30/92 10640.61 10329.48 10953.49
10/30/92 10206.3 9965.658 10627.91
11/30/92 9402.823 9090.999 9728.683
12/31/92 10097.72 9552.176 10217.06
1/29/93 9619.978 9265.611 10023.26
2/26/93 10401.74 10013.86 10968.99
3/31/93 11606.95 11223.81 12201.55
4/30/93 13300.76 13022.8 13744.19
5/31/93 15092.29 14487.47 15271.32
6/30/93 15841.48 14662.59 16162.79
7/30/93 18827.36 16095.42 17449.61
8/31/93 17339.85 14184.98 16542.64
9/30/93 15168.3 12656.63 14782.95
10/29/93 17665.58 14216.82 16992.25
11/30/93 17339.85 13882.5 17007.75
12/31/93 19163.95 15124.31 18255.81
1/31/94 19826.28 15188.06 18263.57
2/28/94 18794.79 14423.08 17565.89
3/31/94 18827.36 14646.2 17992.25
4/29/94 17318.13 13450.92 16472.87
5/31/94 18143.32 14072.46 17186.05
6/30/94 16970.68 13450.92 16341.09
7/29/94 16992.4 13642.68 16100.78
8/31/94 17774.16 14408.59 16860.47
9/30/94 18838.22 15940.4 18333.33
10/31/94 18056.46 14823.45 17007.75
11/30/94 15559.18 13100.17 14992.25
12/30/94 15917.48 13706.51 15434.11
1/31/95 14241.96 11935.35 13821.71
2/28/95 14546.6 12541.69 14294.57
3/31/95 16222.12 14025.63 16488.37
4/28/95 16668.2 14233.07 16426.36
5/31/95 16635.56 14360.72 16767.44
6/30/95 17201.33 14376.67 17000
7/31/95 17952.05 14584.11 17457.37
8/31/95 18441.65 14504.32 17496.12
9/29/95 18430.77 14472.41 17488.37
10/31/95 16537.64 12733.17 15379.85
11/30/95 17952.05 13945.85 16806.2
12/29/95 18452.53 14260.74 17162.79
1/31/96 21433.66 17103.3 20209.3
2/29/96 22010.3 17326.88 21015.51
3/29/96 23185.34 17215.09 21519.38
4/30/96 23903.42 17135.24 22031.01
5/31/96 26340.55 17758.05 24434.11
6/28/96 23109.18 15426.51 20984.5
7/31/96 22391.1 15043.24 20596.9
8/30/96 24436.54 15650.08 22697.68
9/30/96 23718.46 14644 22279.07
U.S. World Gold Fund $23,718.46
Fidelity Sel:Amer Gold $22,279.07
USAA Inv:Gold $14,644.00
</TABLE>
A $10,000 investment in the U.S. World Gold Fund is worth $23,718 today.
--------------------
U.S. WORLD GOLD FUND
--------------------
-------- --------- --------
+34.30% +16.91% +6.76%
ONE YEAR FIVE YEAR TEN YEAR
-------- --------- --------
AVERAGE ANNUAL TOTAL RETURNS AS OF 11/08/96
Call for a FREE investment kit containing everything you need to open an
account. 1-800-557-2297, ext. 131
[GRAPHIC: U.S. Family of Funds logo, bottom right corner]
- ----------
Like all mutual funds, Fund shares are not backed by the U.S. government. Past
performance is no guarantee of future results. *U.S. stands for United Services.
Investment returns and principal value will fluctuate so that you may have a
gain or a loss when you sell shares. Investments in gold funds involve special
risks. U.S. World Gold reflects total return with all dividends reinvested.
Chart performance as of 9/30/96. B&B470
