SUPERIOR PERFORMANCE
[MOUNTAIN GRAPH PLOTTED FROM DATA IN TABLE BELOW]
<TABLE>
<CAPTION>
U.S. WORLD GOLD
GOLD FUND BULLION
---------- --------
<S> <C> <C>
6/28/91 ............................. 10000 10000
7/31/91 ............................. 9850.681 10029.88
8/30/91 ............................. 9431.233 9033.864
9/30/91 ............................. 9634.849 9173.307
10/31/91 ............................. 9704.078 10099.6
11/29/91 ............................. 9944.345 10159.36
12/31/91 ............................. 9587.338 9721.116
1/31/92 ............................. 9613.129 9960.159
2/28/92 ............................. 9585.98 9820.717
3/31/92 ............................. 9276.484 9133.466
4/30/92 ............................. 9131.237 8266.932
5/29/92 ............................. 9162.73 8934.263
6/30/92 ............................. 9322.637 9452.191
7/31/92 ............................. 9714.937 10000
8/31/92 ............................. 9230.602 9760.956
9/30/92 ............................. 9474.942 9760.956
10/30/92 ............................. 9210.241 9362.549
11/30/92 ............................. 9072.868 8625.498
12/31/92 ............................. 9037.574 9262.948
1/29/93 ............................. 8971.06 8824.701
2/26/93 ............................. 8893.685 9541.833
3/31/93 ............................. 9170.604 10647.41
4/30/93 ............................. 9618.559 12201.2
5/31/93 ............................. 10247.06 13844.62
6/30/93 ............................. 10274.2 14531.87
7/30/93 ............................. 10907.04 17270.92
8/31/93 ............................. 10086.88 15906.38
9/30/93 ............................. 9651.409 13914.34
10/29/93 ............................. 10033.94 16205.18
11/30/93 ............................. 10069.23 15906.38
12/31/93 ............................. 10635.55 17579.68
1/31/94 ............................. 10259.27 18187.25
2/28/94 ............................. 10358.37 17241.04
3/31/94 ............................. 10566.05 17270.92
4/29/94 ............................. 10219.91 15886.45
5/31/94 ............................. 10522.62 16643.43
6/30/94 ............................. 10540.53 15567.73
7/29/94 ............................. 10425.15 15587.65
8/31/94 ............................. 10472.66 16304.78
9/30/94 ............................. 10719.44 17280.88
10/31/94 ............................. 10420.81 16563.74
11/30/94 ............................. 10400.45 14272.91
12/30/94 ............................. 10404.79 14601.59
1/31/95 ............................. 10177.83 13064.58
2/28/95 ............................. 10218.55 13344.04
3/31/95 ............................. 10642.34 14881.05
4/28/95 ............................. 10581.26 15290.25
5/31/95 ............................. 10433.02 15260.31
6/30/95 ............................. 10522.62 15779.3
7/31/95 ............................. 10407.23 16467.96
8/31/95 ............................. 10380.08 16917.09
9/29/95 ............................. 10425.15 16907.11
10/31/95 ............................. 10388.23 15170.49
11/30/95 ............................. 10528.05 16467.96
12/29/95 ............................. 10506.6 16927.07
1/31/96 ............................. 11009.94 19661.75
2/29/96 ............................. 10876.91 20190.72
3/29/96 ............................. 10760.17 21268.62
4/30/96 ............................. 10623.07 21927.34
5/31/96 ............................. 10602.7 24162.99
6/28/96 ............................. 10370.85 21198.76
</TABLE>
COMPARE THE
U.S. WORLD GOLD FUND
TO GOLD BULLION OVER 5 YEARS.
U.S. World Gold Fund $21,198.76
Gold bullion $10,370.85
U.S. WORLD GOLD FUND
-------- --------- --------
26.86% 16.51% 9.10%
ONE YEAR FIVE YEAR TEN YEAR
-------- --------- --------
AVERAGE ANNUAL TOTAL RETURNS AS OF 8/07/96
[GRAPHIC: U.S. FAMILY OF FUNDS LOGO, BOTTOM LEFT CORNER]
Call for a FREE investment kit containing everything you need to open an
account. 1-800-557-2297, EXT. 127
- ----------
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. Gold bullion does not pay dividends. U.S. World Gold reflects total
return with all dividends reinvested. Chart performance as of 6/28/96. Chart
source: Micropal IA418
