UNITED SERVICES FUNDS
497, 1996-10-03
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                                         [GRAPHIC:  U.S. GLOBAL INVESTORS, INC.]

10/02/96



Dear Financial Advisor:

YOU ARE INVITED!!!!  U.S. Global  Investors,  Inc.,  cordially invites you to an
interactive  meeting  with two  expert  portfolio  managers,  Victor  Flores and
Creston  King,  on Friday,  October  11, 1996 from 7:15 p.m. to 8:15 p.m. at the
John B. Hynes  Convention  Center,  room 204.  You will have an  opportunity  to
discuss  market   conditions  and  investment   strategies  with  these  veteran
investment specialists.

Victor Flores,  CFA, manages the U.S. World Gold and U.S. Gold Shares Funds* and
will  discuss his funds and the gold mining  industry.  In addition to portfolio
management  experience,  Victor  has a  Master  of Arts in  Energy  and  Mineral
Resources  Management  and a Bachelor of Sciences in  Geological  Sciences.  The
numbers below demonstrate Victor=s excellent track record with the U.S.
World Gold Fund:

         Total Return                 Average Annual Total Returns**
         Year-to-Date**               1 yr.       5 yr.       10 yr.
         --------------               -----       -----       ------
         28.53%                       28.69%      18.85%      7.49%

         **As of 9/30/96

U.S.  Global  Investors,  Inc.,  also  capitalizes on the fixed income and money
markets  with the U.S. Tax Free,  United  Services  Near-Term  Tax Free and U.S.
Government  Securities Savings Funds, managed by Creston King, CFA. Creston will
talk about investment opportunities in the fixed income and money markets. These
funds=  superior  performance  have  earned  high  rankings  by  leading  rating
services.

In  addition to the  meeting,  we invite you to the Boston  Money Show,  October
11th-13th,  for Victor Flores' workshop on the  Globalization of the Gold Mining
Industry  and Art  Bonnel's  workshop  on Market  Insights  from a Growth  Stock
Picker:  What  to  Look  for and  How.  U.S.  Global  Investors,  Inc.,  will be
exhibiting  and  will  have  members  of  our  Financial  Advisor  Service  Team
(F.A.S.T.) on hand to answer questions and offer materials. If you would like to
attend the meeting or the workshops, please contact a F.A.S.T. representative at
(800)  873-3639  or by  email at  ([email protected]).  Thank  you,  and we look
forward to meeting with you in Boston.

Sincerely,


/s/ Chris Wammack

Chris Wammack                                           7900 Callaghan Road
Director of Institutional Marketing                     ........................
                                                        Mail Address:           
- ----------                                              P.O. Box 29467          
*Call (800)  873-3639 for more  information  and a      San Antonio, Texas      
free  prospectus   including  fees  and  expenses.      78229-0467              
Please  read  the  prospectus   carefully   before      ........................
investing.  Investment returns and principal value      Tel 210-308-1234        
may vary, and you may have a gain or loss when you      ........................
sell shares.  Past  performance is no guarantee of      1-800-US-FUNDS          
future results. U.S. Global Investors,  Inc., is a      ........................
registered   investment   advisor   that   renders      Fax 210-308-1223        
investment advice to the United Services Family of      ........................
Funds, a collection of 13 no-load mutual funds.         email [email protected] 


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