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
--------------------
EXPERT FUND MANAGEMENT. Our Resources Team includes investment professionals who
also have extensive experience in geology, engineering, mineral economics and
mining finance. By visiting mining operations worldwide and bringing along their
geological expertise, our investment managers are able to evaluate mining
projects first hand.
GROWTH GOLD STOCK OPPORTUNITIES. The above chart illustrates our expertise in
selecting superior growth gold stocks which outperform gold bullion. The U.S.
World Gold Fund gives you the opportunity to invest in a globally diversified
portfolio of quality gold stocks with growth potential.
-------- --------- --------
26.86% 16.51% 9.10%
ONE YEAR FIVE YEAR TEN YEAR
-------- --------- --------
AVERAGE ANNUAL TOTAL RETURNS AS OF 8/07/96
[GRAPHIC: UNITED SERVICES LOGO, BOTTOM LEFT CORNER]
Call for a FREE investment kit containing everything you need to open an
account.
1-800-557-2297, EXT. 131
[GRAPHIC: U.S. GLOBAL INVESTORS, INC. 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. Gold bullion does not pay dividends. U.S. World Gold reflects total
return with all dividends reinvested. Chart performance as of 6/28/96. B&B383
