UNITED SERVICES FUNDS
497, 1996-11-12
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                                    HIGHEST
                                    YIELDING

                             Lipper's #1 Government
                             Money Fund for 5 Years
- --------------------------------------------------------------------------------

                                U.S. GOVERNMENT
                               SECURITIES SAVINGS
                                      FUND

                             ---------------------
                                     5.30%*
                              7-Day Current Yield
                             ---------------------

                             ---------------------
                                     5.16%
                             7-Day Effective Yield
                             ---------------------

                                 "Best Savings
                                  Yield in the
                                     U.S."

                               by Money Magazine

                      [GRAPHIC: U.S. FAMILY OF FUNDS LOGO]

                                Take action now.
                         Call 1-800-557-2297, ext. 157

- --------------------------------------------------------------------------------
*As of 9/30/96.  Source:  Money  Magazine,  October  1996.  The U.S.  Government
Securities  Savings Fund,  like all money market funds,  is: o not sponsored nor
guaranteed by the U.S.  Government o not a deposit of nor endorsed by any bank o
not insured by the FDIC nor any other  agency.  The U.S.  Government  Securities
Savings  Fund was ranked #1 out of 73  government  money  market funds by Lipper
Analytical  Services and #4 out of 113 for the one-year  period ending  6/30/96.
Past  performance  is no guarantee of future  results.  Money market  yields may
change daily. The U.S. Government Securities Savings Fund is managed to maintain
a stable $1 per share value;  however,  there is no guarantee it will be able to
do so. 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.  A monthly small account
fee will  apply  if your  balance  falls  below  the  $1,000  minimum.  For more
information,  including charges and expenses,  call 1-800-US-FUNDS.  Please read
the prospectus carefully before investing. MM428


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