UNITED SERVICES FUNDS
NSAR-A, 1996-02-28
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<PAGE>      PAGE  1
000 A000000 12/31/95
000 C000000 0000101507
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
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000 J000000 A
001 A000000 UNITED SERVICES FUNDS
001 B000000 811-1800
001 C000000 2103081234
002 A000000 7900 CALLAGHAN ROAD
002 B000000 SAN ANTONIO
002 C000000 TX
002 D010000 78229
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 12
007 C010100  1
007 C020100 U.S. GOLD SHARES FUND
007 C030100 N
007 C010200  2
007 C020200 U.S. ALL AMERICAN EQUITY FUND
007 C030200 N
007 C010300  3
007 C020300 U.S. GLOBAL RESOURCES FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C020500 U.S. TREASURY SECURITIES CASH FUND
007 C030500 N
007 C010600  6
007 C020600 U.S. INCOME FUND
007 C030600 N
007 C010700  7
007 C020700 U.S. TAX FREE FUND
007 C030700 N
007 C010800  8
007 C010900  9
007 C020900 U.S. WORLD GOLD FUND
007 C030900 N
007 C011000 10
007 C021000 U.S. GOVERNMENT SECURITIES SAVINGS FUND
007 C031000 N
007 C011100 11
007 C021100 U.S. REAL ESTATE FUND
007 C031100 N
<PAGE>      PAGE  2
007 C011200 12
007 C021200 UNITED SERVICES NEAR-TERM TAX FREE FUND
007 C031200 N
007 C011300 13
007 C011400 14
007 C021400 UNITED SERVICES INTERMEDIATE TREASURY FUND
007 C031400 N
007 C011500 15
007 C021500 UNITED SERVICES SPECIAL-TERM GOVERNMENT FUND
007 C031500 Y
007 C011600 16
007 C021600 CHINA REGION OPPORTUNITY FUND
007 C031600 N
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
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012 B00AA01 84-01260
012 C01AA01 SAN ANTONIO
012 C02AA01 TX
012 C03AA01 78229
013 A00AA01 PRICE WATERHOUSE, LLP
013 B01AA01 SAN ANTONIO
013 B02AA01 TX
013 B03AA01 78205
020 A000001 ALLIED RESEARCH SERVICES, INC.
020 B000001 75-1872581
020 C000001    181
020 A000002 BRIDGE TRADING COMPANY
020 B000002 43-1450530
<PAGE>      PAGE  3
020 C000002     37
020 A000003 LEHMAN BROTHERS, INC.
020 B000003 13-2518466
020 C000003     61
020 A000004 CROSBY SECURITIES HK
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020 C000007     12
020 A000008 DONALDSON LUFKIN
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020 C000008     12
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022 C000002     76928
022 D000002       255
022 A000003 LEHMAN BROTHERS
022 B000003 13-2518466
022 C000003   8965427
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022 A000004 MORGAN STANLEY
022 B000004 13-2655998
022 C000004   2543347
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022 A000005 MERRILL LYNCH
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022 C000005   1063796
022 D000005      4226
022 A000006 DEAN WITTER
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022 D000006      1980
022 A000007 DLJ
<PAGE>      PAGE  4
022 B000007 13-2741729
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<PAGE>      PAGE  5
043  00AA00      0
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  16
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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<PAGE>      PAGE  38
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<PAGE>      PAGE  39
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068 A001000 N
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070 C021000 N
070 D011000 N
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070 E021000 N
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070 F021000 N
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070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 N
070 J021000 N
070 K011000 N
070 K021000 N
070 L011000 N
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 N
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
<PAGE>      PAGE  40
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070 R021000 N
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<PAGE>      PAGE  41
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008 A001101 UNITED SERVICES ADVISORS, INC.
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019 C001100 UNITEDSERV
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<PAGE>      PAGE  42
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<PAGE>      PAGE  43
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070 C021100 N
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070 E011100 N
070 E021100 N
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070 F021100 N
070 G011100 N
070 G021100 N
<PAGE>      PAGE  44
070 H011100 N
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 N
070 J021100 N
070 K011100 N
070 K021100 N
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070 L021100 N
070 M011100 N
070 M021100 N
070 N011100 Y
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070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
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<PAGE>      PAGE  45
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008 A001201 UNITED SERVICES ADVISORS, INC.
008 B001201 A
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008 D011201 SAN ANTONIO
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008 D031201 78229
<PAGE>      PAGE  46
008 D041201 2327
015 A001201 BANKERS TRUST COMPANY
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019 C001200 UNITEDSERV
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<PAGE>      PAGE  47
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<PAGE>      PAGE  48
064 A001200 N
064 B001200 N
066 A001200 N
067  001200 N
068 A001200 N
068 B001200 N
069  001200 N
070 A011200 Y
070 A021200 Y
070 B011200 N
070 B021200 N
070 C011200 N
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 N
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 N
070 J021200 N
070 K011200 N
070 K021200 N
070 L011200 N
070 L021200 N
070 M011200 N
070 M021200 N
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070 N021200 N
070 O011200 N
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
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<PAGE>      PAGE  49
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<PAGE>      PAGE  50
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008 A001401 UNITED SERVICES ADVISORS, INC.
008 B001401 A
008 C001401 801-4868
008 D011401 SAN ANTONIO
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008 D031401 78229
008 D041401 2327
015 A001401 BANKERS TRUST COMPANY
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<PAGE>      PAGE  51
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<PAGE>      PAGE  52
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064 A001400 N
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066 A001400 N
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068 A001400 N
068 B001400 N
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070 B011400 N
070 B021400 N
070 C011400 N
070 C021400 N
070 D011400 N
070 D021400 N
070 E011400 N
070 E021400 N
070 F011400 N
070 F021400 N
070 G011400 N
070 G021400 N
070 H011400 N
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 N
070 J021400 N
070 K011400 N
070 K021400 N
070 L011400 N
070 L021400 N
070 M011400 N
070 M021400 N
<PAGE>      PAGE  53
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070 O011400 N
070 O021400 N
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070 Q021400 N
070 R011400 N
070 R021400 N
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<PAGE>      PAGE  54
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008 A001501 UNITED SERVICES ADVISORS, INC.
008 B001501 A
008 C001501 801-4868
008 D011501 SAN ANTONIO
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008 D031501 78229
008 D041501 2327
015 A001501 BANKERS TRUST COMPANY
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<PAGE>      PAGE  55
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<PAGE>      PAGE  56
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062 N001500   0.0
062 O001500   0.0
062 P001500   0.0
062 Q001500   0.0
062 R001500   0.0
063 A001500   0
063 B001500  0.0
064 A001500 N
064 B001500 N
066 A001500 N
067  001500 N
068 A001500 N
068 B001500 N
069  001500 N
070 A011500 N
070 A021500 N
070 B011500 N
070 B021500 N
070 C011500 N
070 C021500 N
070 D011500 N
070 D021500 N
<PAGE>      PAGE  57
070 E011500 N
070 E021500 N
070 F011500 N
070 F021500 N
070 G011500 N
070 G021500 N
070 H011500 N
070 H021500 N
070 I011500 N
070 I021500 N
070 J011500 N
070 J021500 N
070 K011500 N
070 K021500 N
070 L011500 N
070 L021500 N
070 M011500 N
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 N
070 O021500 N
070 P011500 Y
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 N
070 R021500 N
071 A001500      5975
071 B001500     12244
071 C001500      4196
071 D001500  142
072 A001500  6
072 B001500      145
072 C001500        0
072 D001500        0
072 E001500        0
072 F001500        7
072 G001500        0
072 H001500        0
072 I001500       14
072 J001500        0
072 K001500        0
072 L001500        0
072 M001500        0
072 N001500        7
072 O001500        0
072 P001500        0
072 Q001500       12
072 R001500        5
072 S001500        1
<PAGE>      PAGE  58
072 T001500        0
072 U001500        0
072 V001500        0
072 W001500        2
072 X001500       48
072 Y001500       44
072 Z001500      141
072AA001500        0
072BB001500       97
072CC011500       14
072CC021500        0
072DD011500       44
072DD021500        0
072EE001500        0
073 A011500   0.2600
073 A021500   0.0000
073 B001500   0.0000
073 C001500   9.3300
074 A001500        0
074 B001500        0
074 C001500        0
074 D001500        0
074 E001500        0
074 F001500        0
074 G001500        0
074 H001500        0
074 I001500        0
074 J001500        0
074 K001500        0
074 L001500        0
074 M001500        0
074 N001500        0
074 O001500        0
074 P001500        0
074 Q001500        0
074 R011500        0
074 R021500        0
074 R031500        0
074 R041500        0
074 S001500        0
074 T001500        0
074 U011500        0
074 U021500        0
074 V011500     0.00
074 V021500     0.00
074 W001500   0.0000
074 X001500        0
074 Y001500        0
075 A001500        0
075 B001500     5033
076  001500     0.00
<PAGE>      PAGE  59
008 A001601 UNITED SERVICES ADVISORS, INC.
008 B001601 A
008 C001601 801-4868
008 D011601 SAN ANTONIO
008 D021601 TX
008 D031601 78229
008 D041601 2327
008 A001602 BATTERYMARCH FINANCIAL MANAGEMENT
008 B001602 S
008 C001602 801-4868
008 D011602 BOSTON
008 D021602 MA
008 D031602 02116
015 A001601 BANKERS TRUST COMPANY
015 B001601 C
015 C011601 NEW YORK
015 C021601 NY
015 C031601 10005
015 E011601 X
018  001600 Y
019 A001600 Y
019 B001600   13
019 C001600 UNITEDSERV
024  001600 Y
025 A001601 LEHMAN BROTHERS, INC.
025 B001601 13-2518466
025 C001601 D
025 D001601    1103
025 D001602       0
025 D001603       0
025 D001604       0
025 D001605       0
025 D001606       0
025 D001607       0
025 D001608       0
028 A011600       560
028 A021600         0
028 A031600         0
028 A041600       944
028 B011600       599
028 B021600         0
028 B031600         0
028 B041600       843
028 C011600       355
028 C021600        26
028 C031600         0
028 C041600       759
028 D011600       424
028 D021600         0
028 D031600         0
028 D041600       919
<PAGE>      PAGE  60
028 E011600       677
028 E021600         0
028 E031600         0
028 E041600       888
028 F011600       787
028 F021600        49
028 F031600         0
028 F041600      1077
028 G011600      3402
028 G021600        75
028 G031600         0
028 G041600      5430
028 H001600         0
045  001600 Y
046  001600 N
047  001600 Y
048  001600  1.250
048 A011600        0
048 A021600 0.000
048 B011600        0
048 B021600 0.000
048 C011600        0
048 C021600 0.000
048 D011600        0
048 D021600 0.000
048 E011600        0
048 E021600 0.000
048 F011600        0
048 F021600 0.000
048 G011600        0
048 G021600 0.000
048 H011600        0
048 H021600 0.000
048 I011600        0
048 I021600 0.000
048 J011600        0
048 J021600 0.000
048 K011600        0
048 K021600 0.000
055 A001600 N
055 B001600 N
056  001600 N
057  001600 N
062 A001600 N
062 B001600   0.0
062 C001600   0.0
062 D001600   0.0
062 E001600   0.0
062 F001600   0.0
062 G001600   0.0
062 H001600   0.0
<PAGE>      PAGE  61
062 I001600   0.0
062 J001600   0.0
062 K001600   0.0
062 L001600   0.0
062 M001600   0.0
062 N001600   0.0
062 O001600   0.0
062 P001600   0.0
062 Q001600   0.0
062 R001600   0.0
063 A001600   0
063 B001600  0.0
066 A001600 Y
066 B001600 N
066 C001600 Y
066 D001600 N
066 E001600 N
066 F001600 N
066 G001600 N
067  001600 N
068 A001600 N
068 B001600 Y
069  001600 N
070 A011600 Y
070 A021600 Y
070 B011600 Y
070 B021600 N
070 C011600 N
070 C021600 N
070 D011600 N
070 D021600 N
070 E011600 N
070 E021600 N
070 F011600 N
070 F021600 N
070 G011600 Y
070 G021600 N
070 H011600 N
070 H021600 N
070 I011600 N
070 I021600 N
070 J011600 Y
070 J021600 N
070 K011600 N
070 K021600 N
070 L011600 Y
070 L021600 Y
070 M011600 Y
070 M021600 Y
070 N011600 Y
070 N021600 N
<PAGE>      PAGE  62
070 O011600 Y
070 O021600 N
070 P011600 Y
070 P021600 N
070 Q011600 N
070 Q021600 N
070 R011600 N
070 R021600 N
071 A001600      4354
071 B001600      5651
071 C001600     16049
071 D001600   27
072 A001600  6
072 B001600       44
072 C001600      193
072 D001600        0
072 E001600        0
072 F001600      111
072 G001600        0
072 H001600        0
072 I001600       97
072 J001600       45
072 K001600        0
072 L001600        4
072 M001600        1
072 N001600        8
072 O001600        0
072 P001600        0
072 Q001600       23
072 R001600        7
072 S001600        2
072 T001600        0
072 U001600        1
072 V001600        0
072 W001600        8
072 X001600      307
072 Y001600      111
072 Z001600       41
072AA001600        0
072BB001600     1390
072CC011600        0
072CC021600      354
072DD011600       78
072DD021600        0
072EE001600        0
073 A011600   0.0300
073 A021600   0.0000
073 B001600   0.0000
073 C001600   0.0000
074 A001600        0
074 B001600     1103
<PAGE>      PAGE  63
074 C001600        0
074 D001600       88
074 E001600        0
074 F001600    13918
074 G001600        0
074 H001600        0
074 I001600        0
074 J001600       80
074 K001600       52
074 L001600      158
074 M001600       13
074 N001600    15412
074 O001600        0
074 P001600        0
074 Q001600        0
074 R011600        0
074 R021600        0
074 R031600        0
074 R041600      113
074 S001600        0
074 T001600    15299
074 U011600     2555
074 U021600        0
074 V011600     5.99
074 V021600     0.00
074 W001600   0.0000
074 X001600     3923
074 Y001600        0
075 A001600        0
075 B001600    17857
076  001600     0.00
SIGNATURE   TERESA G. ROWAN                              
TITLE       VP-CFO, CAO, CONTRLR
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by reference to such semi-annual report on Form N-SAR.
</LEGEND>
<RESTATED> 
<SERIES>
   <NUMBER> 1
   <NAME> U.S. GOLD SHARES
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                           242763
<INVESTMENTS-AT-VALUE>                          210748
<RECEIVABLES>                                    24442
<ASSETS-OTHER>                                      41
<OTHER-ITEMS-ASSETS>                                 8
<TOTAL-ASSETS>                                  235239
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        36390
<TOTAL-LIABILITIES>                              36390
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        376960
<SHARES-COMMON-STOCK>                           102634
<SHARES-COMMON-PRIOR>                            98631
<ACCUMULATED-NII-CURRENT>                        (207)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (145891)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (32013)
<NET-ASSETS>                                    198849
<DIVIDEND-INCOME>                                 2617
<INTEREST-INCOME>                                 1037
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1788
<NET-INVESTMENT-INCOME>                           1866
<REALIZED-GAINS-CURRENT>                       (13484)
<APPREC-INCREASE-CURRENT>                         9296
<NET-CHANGE-FROM-OPS>                           (2321)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         2717
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         898154
<NUMBER-OF-SHARES-REDEEMED>                     895431
<SHARES-REINVESTED>                               1281
<NET-CHANGE-IN-ASSETS>                         (12322)
<ACCUMULATED-NII-PRIOR>                            643
<ACCUMULATED-GAINS-PRIOR>                     (132407)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              872
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1788
<AVERAGE-NET-ASSETS>                            232978
<PER-SHARE-NAV-BEGIN>                             2.14
<PER-SHARE-NII>                                    .05
<PER-SHARE-GAIN-APPREC>                          (.19)
<PER-SHARE-DIVIDEND>                             (.06)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.94
<EXPENSE-RATIO>                                   1.53
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by reference to such semi-annual report on Form N-SAR.
</LEGEND>
<RESTATED> 
<SERIES>
   <NUMBER> 2
   <NAME> U.S. ALL AMERICAN EQUITY FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                            10134
<INVESTMENTS-AT-VALUE>                           13252
<RECEIVABLES>                                       85
<ASSETS-OTHER>                                       2
<OTHER-ITEMS-ASSETS>                                 1
<TOTAL-ASSETS>                                   13340
<PAYABLE-FOR-SECURITIES>                            17
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           41
<TOTAL-LIABILITIES>                                 58
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         10139
<SHARES-COMMON-STOCK>                              594
<SHARES-COMMON-PRIOR>                              594
<ACCUMULATED-NII-CURRENT>                           46
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           (21)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          3118
<NET-ASSETS>                                     13282
<DIVIDEND-INCOME>                                  124
<INTEREST-INCOME>                                   48
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      44
<NET-INVESTMENT-INCOME>                            128
<REALIZED-GAINS-CURRENT>                            65
<APPREC-INCREASE-CURRENT>                         1254
<NET-CHANGE-FROM-OPS>                             1447
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          111
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            138
<NUMBER-OF-SHARES-REDEEMED>                        143
<SHARES-REINVESTED>                                  4
<NET-CHANGE-IN-ASSETS>                            1351
<ACCUMULATED-NII-PRIOR>                             28
<ACCUMULATED-GAINS-PRIOR>                         (86)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               47
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    124
<AVERAGE-NET-ASSETS>                             12443
<PER-SHARE-NAV-BEGIN>                            20.08
<PER-SHARE-NII>                                    .22
<PER-SHARE-GAIN-APPREC>                           2.26
<PER-SHARE-DIVIDEND>                             (.19)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              22.37
<EXPENSE-RATIO>                                    .70
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by reference to such semi-annual report on Form N-SAR.
</LEGEND>
<RESTATED> 
<SERIES>
   <NUMBER> 3
   <NAME> U.S. GLOBAL RESOURCES FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                            19484
<INVESTMENTS-AT-VALUE>                           20195
<RECEIVABLES>                                      587
<ASSETS-OTHER>                                      15
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   20797
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          265
<TOTAL-LIABILITIES>                                265
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         19126
<SHARES-COMMON-STOCK>                             3434
<SHARES-COMMON-PRIOR>                             3723
<ACCUMULATED-NII-CURRENT>                         (69)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            763
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           712
<NET-ASSETS>                                     20532
<DIVIDEND-INCOME>                                  129
<INTEREST-INCOME>                                  120
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     284
<NET-INVESTMENT-INCOME>                           (35)
<REALIZED-GAINS-CURRENT>                          1225
<APPREC-INCREASE-CURRENT>                        (134)
<NET-CHANGE-FROM-OPS>                             1056
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                           34
<DISTRIBUTIONS-OF-GAINS>                           238
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            391
<NUMBER-OF-SHARES-REDEEMED>                        721
<SHARES-REINVESTED>                                 41
<NET-CHANGE-IN-ASSETS>                           (920)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        (225)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              106
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    284
<AVERAGE-NET-ASSETS>                             21223
<PER-SHARE-NAV-BEGIN>                             5.76
<PER-SHARE-NII>                                  (.01)
<PER-SHARE-GAIN-APPREC>                            .31
<PER-SHARE-DIVIDEND>                             (.01)
<PER-SHARE-DISTRIBUTIONS>                        (.07)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               5.98
<EXPENSE-RATIO>                                   2.67
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by reference to such semi-annaul report on Form N-SAR.
</LEGEND>
<RESTATED> 
<SERIES>
   <NUMBER> 5
   <NAME> U.S. TREASURY SECURITIES CASH FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-START>                             JUN-30-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                           212383
<INVESTMENTS-AT-VALUE>                          212383
<RECEIVABLES>                                    31112
<ASSETS-OTHER>                                     121
<OTHER-ITEMS-ASSETS>                                26
<TOTAL-ASSETS>                                  243642
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        23636
<TOTAL-LIABILITIES>                              23636
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        219954
<SHARES-COMMON-STOCK>                           220008
<SHARES-COMMON-PRIOR>                           190376
<ACCUMULATED-NII-CURRENT>                           52
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                    220006
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 4939
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     816
<NET-INVESTMENT-INCOME>                           4123
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                             4123
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         4123
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        2194153
<NUMBER-OF-SHARES-REDEEMED>                    2168624
<SHARES-REINVESTED>                               4103
<NET-CHANGE-IN-ASSETS>                           29633
<ACCUMULATED-NII-PRIOR>                             52
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              428
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    816
<AVERAGE-NET-ASSETS>                            171489
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                             (.02)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by reference to such semi-annual report on Form N-SAR.
</LEGEND>
<RESTATED> 
<SERIES>
   <NUMBER> 6
   <NAME> U.S. INCOME FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                             7971
<INVESTMENTS-AT-VALUE>                            9710
<RECEIVABLES>                                      122
<ASSETS-OTHER>                                       2
<OTHER-ITEMS-ASSETS>                                 1
<TOTAL-ASSETS>                                    9835
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           46
<TOTAL-LIABILITIES>                                 46
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          7440
<SHARES-COMMON-STOCK>                              677
<SHARES-COMMON-PRIOR>                              766
<ACCUMULATED-NII-CURRENT>                          (2)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            612
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          1739
<NET-ASSETS>                                      9789
<DIVIDEND-INCOME>                                  186
<INTEREST-INCOME>                                   27
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     105
<NET-INVESTMENT-INCOME>                            108
<REALIZED-GAINS-CURRENT>                           642
<APPREC-INCREASE-CURRENT>                          280
<NET-CHANGE-FROM-OPS>                             1030
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          106
<DISTRIBUTIONS-OF-GAINS>                           164
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            201
<NUMBER-OF-SHARES-REDEEMED>                        308
<SHARES-REINVESTED>                                 18
<NET-CHANGE-IN-ASSETS>                           (441)
<ACCUMULATED-NII-PRIOR>                            (4)
<ACCUMULATED-GAINS-PRIOR>                          135
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               37
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    105
<AVERAGE-NET-ASSETS>                              9803
<PER-SHARE-NAV-BEGIN>                            13.35
<PER-SHARE-NII>                                    .15
<PER-SHARE-GAIN-APPREC>                           1.35
<PER-SHARE-DIVIDEND>                             (.15)
<PER-SHARE-DISTRIBUTIONS>                        (.25)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.45
<EXPENSE-RATIO>                                   2.15
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
semi-annual report filed on Form N-SAR and is qualified in its entirety by
reference to such semi-annual report on Form N-SAR.
</LEGEND>
<RESTATED> 
<SERIES>
   <NUMBER> 7
   <NAME> U.S. TAX FREE FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                            20100
<INVESTMENTS-AT-VALUE>                           20477
<RECEIVABLES>                                      497
<ASSETS-OTHER>                                       2
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   20976
<PAYABLE-FOR-SECURITIES>                          1005
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           80
<TOTAL-LIABILITIES>                               1085
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         19658
<SHARES-COMMON-STOCK>                             1669
<SHARES-COMMON-PRIOR>                             1612
<ACCUMULATED-NII-CURRENT>                            8
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (152)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           377
<NET-ASSETS>                                     19891
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  530
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      32
<NET-INVESTMENT-INCOME>                            498
<REALIZED-GAINS-CURRENT>                            41
<APPREC-INCREASE-CURRENT>                          548
<NET-CHANGE-FROM-OPS>                             1087
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          478
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            508
<NUMBER-OF-SHARES-REDEEMED>                        483
<SHARES-REINVESTED>                                 32
<NET-CHANGE-IN-ASSETS>                            1278
<ACCUMULATED-NII-PRIOR>                           (13)
<ACCUMULATED-GAINS-PRIOR>                        (193)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               72
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    141
<AVERAGE-NET-ASSETS>                             19253
<PER-SHARE-NAV-BEGIN>                            11.55
<PER-SHARE-NII>                                    .30
<PER-SHARE-GAIN-APPREC>                            .35
<PER-SHARE-DIVIDEND>                             (.29)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.91
<EXPENSE-RATIO>                                    .33
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
semi-annual report filed on Form N-SAR and is qualified in its entirety by
reference to such semi-annual report on Form N-SAR.
</LEGEND>
<RESTATED> 
<SERIES>
   <NUMBER> 9
   <NAME> U.S. WORLD GOLD FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                           134498
<INVESTMENTS-AT-VALUE>                          188852
<RECEIVABLES>                                     1815
<ASSETS-OTHER>                                      24
<OTHER-ITEMS-ASSETS>                                 1
<TOTAL-ASSETS>                                  190692
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         5055
<TOTAL-LIABILITIES>                               5055
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        181001
<SHARES-COMMON-STOCK>                            10945
<SHARES-COMMON-PRIOR>                            11479
<ACCUMULATED-NII-CURRENT>                        (823)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (48895)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         54354
<NET-ASSETS>                                    185637
<DIVIDEND-INCOME>                                  421
<INTEREST-INCOME>                                  280
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1524
<NET-INVESTMENT-INCOME>                          (823)
<REALIZED-GAINS-CURRENT>                          2743
<APPREC-INCREASE-CURRENT>                        11390
<NET-CHANGE-FROM-OPS>                            13310
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          14450
<NUMBER-OF-SHARES-REDEEMED>                      14985
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                            4165
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (51639)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              957
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1524
<AVERAGE-NET-ASSETS>                            191302
<PER-SHARE-NAV-BEGIN>                            15.81
<PER-SHARE-NII>                                  (.08)
<PER-SHARE-GAIN-APPREC>                           1.23
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.96
<EXPENSE-RATIO>                                   1.59
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by reference to such semi-annual report on Form N-SAR.
</LEGEND>
<RESTATED> 
<SERIES>
   <NUMBER> 10
   <NAME> U.S. GOVERNMENT SECURITIES SAVINGS FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                           571943
<INVESTMENTS-AT-VALUE>                          571943
<RECEIVABLES>                                     7093
<ASSETS-OTHER>                                      59
<OTHER-ITEMS-ASSETS>                                 1
<TOTAL-ASSETS>                                  579096
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          598
<TOTAL-LIABILITIES>                                598
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        579181
<SHARES-COMMON-STOCK>                           578549
<SHARES-COMMON-PRIOR>                           529424
<ACCUMULATED-NII-CURRENT>                         6057
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (6740)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                    578498
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                15949
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     636
<NET-INVESTMENT-INCOME>                          15313
<REALIZED-GAINS-CURRENT>                         (347)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                            14966
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        14966
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         271202
<NUMBER-OF-SHARES-REDEEMED>                     237033
<SHARES-REINVESTED>                              14956
<NET-CHANGE-IN-ASSETS>                           49125
<ACCUMULATED-NII-PRIOR>                           5710
<ACCUMULATED-GAINS-PRIOR>                       (6394)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1197
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1917
<AVERAGE-NET-ASSETS>                            554492
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                             (.03)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .23
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by reference to such semi-annual report on Form N-SAR.
</LEGEND>
<RESTATED> 
<SERIES>
   <NUMBER> 11
   <NAME> U.S. REAL ESTATE FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                             8458
<INVESTMENTS-AT-VALUE>                            9200
<RECEIVABLES>                                      223
<ASSETS-OTHER>                                       2
<OTHER-ITEMS-ASSETS>                                 1
<TOTAL-ASSETS>                                    9426
<PAYABLE-FOR-SECURITIES>                           119
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          425
<TOTAL-LIABILITIES>                                544
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          9810
<SHARES-COMMON-STOCK>                              824
<SHARES-COMMON-PRIOR>                              936
<ACCUMULATED-NII-CURRENT>                           55
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (1725)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           742
<NET-ASSETS>                                      8882
<DIVIDEND-INCOME>                                  253
<INTEREST-INCOME>                                   14
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      99
<NET-INVESTMENT-INCOME>                            168
<REALIZED-GAINS-CURRENT>                          (48)
<APPREC-INCREASE-CURRENT>                          844
<NET-CHANGE-FROM-OPS>                              964
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          161
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            303
<NUMBER-OF-SHARES-REDEEMED>                        428
<SHARES-REINVESTED>                                 13
<NET-CHANGE-IN-ASSETS>                           (287)
<ACCUMULATED-NII-PRIOR>                             48
<ACCUMULATED-GAINS-PRIOR>                       (1677)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               32
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     99
<AVERAGE-NET-ASSETS>                              8619
<PER-SHARE-NAV-BEGIN>                             9.80
<PER-SHARE-NII>                                    .22
<PER-SHARE-GAIN-APPREC>                            .96
<PER-SHARE-DIVIDEND>                             (.20)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.78
<EXPENSE-RATIO>                                   2.29
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by reference to such semi-annual report on Form N-SAR.
</LEGEND>
<RESTATED> 
<SERIES>
   <NUMBER> 12
   <NAME> UNITED SERVICES NEAR-TERM TAX FREE FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                             6874
<INVESTMENTS-AT-VALUE>                            6921
<RECEIVABLES>                                      174
<ASSETS-OTHER>                                       2
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                    7097
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          220
<TOTAL-LIABILITIES>                                220
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          7043
<SHARES-COMMON-STOCK>                              655
<SHARES-COMMON-PRIOR>                              681
<ACCUMULATED-NII-CURRENT>                           25
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (238)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                            47
<NET-ASSETS>                                      6877
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  173
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      13
<NET-INVESTMENT-INCOME>                            160
<REALIZED-GAINS-CURRENT>                            26
<APPREC-INCREASE-CURRENT>                            8
<NET-CHANGE-FROM-OPS>                              194
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          170
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             93
<NUMBER-OF-SHARES-REDEEMED>                        132
<SHARES-REINVESTED>                                 13
<NET-CHANGE-IN-ASSETS>                           (252)
<ACCUMULATED-NII-PRIOR>                             34
<ACCUMULATED-GAINS-PRIOR>                        (264)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               18
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     62
<AVERAGE-NET-ASSETS>                              7140
<PER-SHARE-NAV-BEGIN>                            10.47
<PER-SHARE-NII>                                    .24
<PER-SHARE-GAIN-APPREC>                            .04
<PER-SHARE-DIVIDEND>                             (.25)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.50
<EXPENSE-RATIO>                                    .35
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by reference to such semi-annual report on Form N-SAR.
</LEGEND>
<RESTATED> 
<SERIES>
   <NUMBER> 14
   <NAME> UNITED SERVICES INTERMEDIATE TREASURY FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                             5092
<INVESTMENTS-AT-VALUE>                            5393
<RECEIVABLES>                                       66
<ASSETS-OTHER>                                       2
<OTHER-ITEMS-ASSETS>                                51
<TOTAL-ASSETS>                                    5512
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           14
<TOTAL-LIABILITIES>                                 14
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          5391
<SHARES-COMMON-STOCK>                              498
<SHARES-COMMON-PRIOR>                              437
<ACCUMULATED-NII-CURRENT>                            7
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (201)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           301
<NET-ASSETS>                                      5498
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  158
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       6
<NET-INVESTMENT-INCOME>                            152
<REALIZED-GAINS-CURRENT>                            82
<APPREC-INCREASE-CURRENT>                          176
<NET-CHANGE-FROM-OPS>                              410
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          157
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            180
<NUMBER-OF-SHARES-REDEEMED>                        131
<SHARES-REINVESTED>                                 11
<NET-CHANGE-IN-ASSETS>                             918
<ACCUMULATED-NII-PRIOR>                             12
<ACCUMULATED-GAINS-PRIOR>                        (283)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               12
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     48
<AVERAGE-NET-ASSETS>                              4720
<PER-SHARE-NAV-BEGIN>                            10.47
<PER-SHARE-NII>                                    .34
<PER-SHARE-GAIN-APPREC>                            .58
<PER-SHARE-DIVIDEND>                             (.35)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.04
<EXPENSE-RATIO>                                    .27
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by reference to such semi-annual report on Form N-SAR.
</LEGEND>
<RESTATED> 
<SERIES>
   <NUMBER> 15
   <NAME> UNITED SERVICES SPECIAL-TERM GOVERNMENT FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-18-1995
<PERIOD-END>                               DEC-18-1995
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                              686
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  145
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       4
<NET-INVESTMENT-INCOME>                            141
<REALIZED-GAINS-CURRENT>                          (97)
<APPREC-INCREASE-CURRENT>                           14
<NET-CHANGE-FROM-OPS>                               58
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          141
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                             (83)
<NUMBER-OF-SHARES-SOLD>                             23
<NUMBER-OF-SHARES-REDEEMED>                        722
<SHARES-REINVESTED>                                 13
<NET-CHANGE-IN-ASSETS>                          (6506)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        (785)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                7
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     48
<AVERAGE-NET-ASSETS>                              5033
<PER-SHARE-NAV-BEGIN>                             9.48
<PER-SHARE-NII>                                    .26
<PER-SHARE-GAIN-APPREC>                          (.15)
<PER-SHARE-DIVIDEND>                             (.26)
<PER-SHARE-DISTRIBUTIONS>                       (9.33)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                  0
<EXPENSE-RATIO>                                    .17
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by reference to such semi-annual report on Form N-SAR.
</LEGEND>
<RESTATED> 
<SERIES>
   <NUMBER> 16
   <NAME> CHINA REGION OPPORTUNITY FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                            17608
<INVESTMENTS-AT-VALUE>                           15109
<RECEIVABLES>                                      289
<ASSETS-OTHER>                                      14
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   15412
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          113
<TOTAL-LIABILITIES>                                113
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         22962
<SHARES-COMMON-STOCK>                             2555
<SHARES-COMMON-PRIOR>                             2851
<ACCUMULATED-NII-CURRENT>                          (9)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (5155)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        (2499)
<NET-ASSETS>                                     15299
<DIVIDEND-INCOME>                                  193
<INTEREST-INCOME>                                   44
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     196
<NET-INVESTMENT-INCOME>                             41
<REALIZED-GAINS-CURRENT>                        (1390)
<APPREC-INCREASE-CURRENT>                        (354)
<NET-CHANGE-FROM-OPS>                           (1703)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                           78
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            524
<NUMBER-OF-SHARES-REDEEMED>                        833
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