[GRAPHIC: UNITED SERVICES FUNDS LETTERHEAD]
FAX UPDATE
U.S. World Gold Fund
STATISTICS AS OF
June 4, 1996
FUND PERFORMANCE
AVG. ANNUAL TOTAL RETURNS
YEAR TO DATE 1 YEAR 3 YEAR 5 YEAR
+37.91% 53.88% 19.86% 19.82%
PORTFOLIO STATISTICS
ASSET ALLOCATION
NUMBER OF HOLDINGS 73 SENIORS & MID-SIZE PRODUCERS 46%
JUNIOR PRODUCERS 27%
EXPLORATIONS & DEVELOPMENT 17%
CASH 10%
TOP 10 HOLDINGS % GEOGRAPHIC DIVERSIFICATION %
- ------------------------- --- -------------------------- ---
1. BARRICK GOLD 9.3 NORTH AMERICA 53
2. DELTA GOLD 8.8 AUSTRALASIA 17
3. GREENSTONE RESOURCES 6.4 LATIN AMERICA 12
4. PIONEER GROUP 5.2 WEST AFRICA 16
5. ASHANTI GOLDFIELDS 4.0 OTHER 2
6. FIRST MISS GOLD 3.9
7. AGNICO EAGLE MINES 3.8
8. NEWMONT MINING 3.7
9. EURO-NEVADA MINING 3.5
10. FRANCO-NEVADA MINING 3.2
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US WORLD GOLD FUND
For more information, including charges and expenses, call 1-800-873-3639.
Please read the prospectus carefully before investing. Investment returns and
principal value may vary, and you may have a gain or a loss when you sell
shares. Past performance is no guarantee of future results. Average annual total
rate of return for 1 year is 53.88% and for the life of the Fund (11/27/85
through 6/04/96), 10.14%. US stands for "United Services".
