UNITED SERVICES FUNDS
24F-2NT, 1996-02-14
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                                       U. S. Securities and Exchange Commission
                             Washington, D.C. 20549

                                   FORM 24F-2
                        Annual Notice of Securities Sold
                             Pursuant to Rule 24f-2


1.   Name and address of issuer:

                  United Services Funds
                  7900 Callaghan Road
                  San Antonio, Texas 78229

2.   Name of each series or class of funds for which this notice is filed:

                  United Services Special Term Government Fund

3.   Investment Company Act File Number: 811-1800

         Securities Act File Number: 2-35439

4.   Last day of fiscal year for which this notice is filed:

                  December 18, 1995

5.   Check box if this  notice is being filed more than 180 days after the close
     of the issuer's fiscal year for purposes of reporting securities sold after
     the close of the fiscal year but before  termination  of the issuer's 24f-2
     declaration:

                  /     /

6.   Date of  termination of issuer's  declaration  under rule  24f-2(a)(1),  if
     applicable (see Instruction A.6):

                  December 18, 1995

7.   Number and amount of  securities of the same class or series which had been
     registered  under the  Securities  Act of 1933 other than  pursuant to rule
     24f-2 in a prior fiscal year, but which remained unsold at the beginning of
     the fiscal year:

                  None

8.   Number and amount of  securities  registered  during the fiscal  year other
     than pursuant to rule 24f-2.

                  None

9.   Number and aggregate sale price of securities sold during the fiscal year:

                  Number of Shares -- 22,507
                  Aggregate Sales Price -- $210,517

10.  Number and aggregate  sale price of securities  sold during the fiscal year
     in reliance upon registration pursuant to rule 24f-2.

                  Number of Shares -- 22,507
                  Aggregate Sales Price -- $210,517

11.  Number and aggregate sale price of securities issued during the fiscal year
     in  connection  with  dividend   reinvestment  plans,  if  applicable  (see
     Instruction B.7):

                  Number of Shares -- 13,352
                  Aggregate Sales Price -- $124,805

12.  Calculation of registration fee:

     (i)  Aggregate  sale price of  securities  sold  during 
          the fiscal  year in reliance on rule 24f-2 
          (from Item 10):                                         $  210,517

     (ii) Aggregate   price  of  shares  issued  in  connection
          with  dividend reinvestment plans (from Item 11, 
          if applicable):                                          + 124,805

     (iii)Aggregate  price of shares  redeemed or 
          repurchased  during the fiscal year 
          (if applicable):                                       - 6,758,363

     (iv) Aggregate  price of shares  redeemed  or  
          repurchased  and  previously applied  as a  
          reduction  to filing  fees  pursuant  to 
          rule 24e-2 (if applicable):                                    + 0

     (v)  Net aggregate  price of  securities  sold and 
          issued during the fiscal year in reliance on 
          rule 24f-2  [line (i),  plus line (ii),  less line
          (iii), plus line (iv)] (if applicable):              - $ 6,423,041

     (vi) Multiplier prescribed by Section 6(b) of the 
          Securities Act of 1933 or other applicable law 
          or regulation (see Instruction C.6):                      x 1/2900

     (vii)Fee due  [line  (i) or line  (v)  multiplied  
          by line  (vi)]:                                            $ - 0 -
                                                             ===============

INSTRUCTION:  Issuers should complete lines (ii),  (iii),  (iv), and (v) only if
the form is being filed  within 60 days after the close of the  issuer's  fiscal
year. See Instruction C.3.

- --------------------------------------------------------------------------------


13.  ______  Check box if fees are being  remitted to the  Commission's  lockbox
     depository as described in section 3a of the Commission's Rules of Informal
     and Other Procedures (17CFR 202.3a).

                /   /   Not applicable -- no fee due.

     Date of mailing or wire transfer of filing fees to the Commission's lockbox
     depository:



- --------------------------------------------------------------------------------


                                   SIGNATURES

This  report has been  signed  below by the  following  persons on behalf of the
issuer and in the capacities and on the dates indicated.



By:         /S/ TERESA G. ROWAN
         --------------------------------------
         TERESA G. ROWAN
         Vice President, Chief Financial Officer,
         Accounting Officer, Treasurer

Date:    February 9, 1996


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