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:
U.S. Global Investors Funds
7900 Callaghan Road
San Antonio, Texas 78229
2. Name of each series or class of funds for which this notice is filed:
U.S. Gold Shares Fund
U.S. All American Equity Fund
U.S. Global Resources Funds
U.S. Treasury Securities Cash Fund
U.S. Tax Free Fund
U.S. Income Fund
U.S. World Gold Fund
U.S. Government Securities Savings Fund
U.S. Real Estate Fund
United Services Near-Term Tax Free Fund
United Services Intermediate Treasury Fund
China Region Opportunity Fund
3. Investment Company Act File Number: 811-1800
Securities Act File Number: 02-35439
4. Last day of fiscal year for which this notice is filed:
June 30, 1997
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):
Not applicable
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, for all of the series listed in Item 2 above.
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2.
None, for all of the series listed in Item 2 above.
9. Number and aggregate sale price of securities sold during the fiscal year:
NUMBER AGGREGATE
OF SALES
NAME OF SERIES SHARES PRICE
- ------------------------------------------ ------------- ---------------
U.S. Gold Shares Fund 2,897,102,803 $4,140,600,023
U.S. All American Equity Fund 595,950 16,746,663
U.S. Global Resources Fund 3,747,347 27,451,318
U.S. Treasury Securities Cash Fund 4,905,311,903 4,905,311,903
U.S. Tax Free Fund 768,737 9,028,644
U.S. Income Fund 203,876 2,905,605
U.S. World Gold Fund 26,738,671 525,431,801
U.S. Government Securities Savings Fund 649,751,805 649,751,805
U.S. Real Estate Fund 2,314,927 30,297,759
United Services Near-Term Tax Free Fund 408,507 4,278,905
United Services Intermediate Treasury Fund 71,483 714,774
China Region Opportunity Fund 4,590,966 34,872,038
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2.
NUMBER AGGREGATE
OF SALES
NAME OF SERIES SHARES PRICE
- ------------------------------------------ ------------- ---------------
U.S. Gold Shares Fund 2,897,102,803 $4,140,600,023
U.S. All American Equity Fund 595,950 16,746,663
U.S. Global Resources Fund 3,747,347 27,451,318
U.S. Treasury Securities Cash Fund 4,905,311,903 4,905,311,903
U.S. Tax Free Fund 768,737 9,028,644
U.S. Income Fund 203,876 2,905,605
U.S. World Gold Fund 26,738,671 525,431,801
U.S. Government Securities Savings Fund 649,751,805 649,751,805
U.S. Real Estate Fund 2,314,927 30,297,759
United Services Near-Term Tax Free Fund 408,507 4,278,905
United Services Intermediate Treasury Fund 71,483 714,774
China Region Opportunity Fund 4,590,966 34,872,038
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 AGGREGATE
OF SALES
NAME OF SERIES SHARES PRICE
- ------------------------------------------ ------------- ---------------
U.S. Gold Shares Fund 4,125,689 $ 4,884,235
U.S. All American Equity Fund 28,750 759,303
U.S. Global Resources Fund 436,424 3,089,881
U.S. Treasury Securities Cash Fund 6,949,861 6,949,861
U.S. Tax Free Fund 64,725 760,035
U.S. Income Fund 110,120 1,473,596
U.S. World Gold Fund 627,606 12,024,924
U.S. Government Securities Savings Fund 33,129,743 33,129,743
U.S. Real Estate Fund 23,230 324,421
United Services Near-Term Tax Free Fund 23,316 243,513
United Services Intermediate Treasury Fund 8,567 86,293
China Region Opportunity Fund 14,132 89,879
12. Calculation of registration fee:
<TABLE>
<CAPTION>
(ii)
AGGREGATE
PRICE IN (v) NET AGGRE-
CONNECTION GATE PRICE OF
WITH SECURITIES SOLD
DIVIDEND AND ISSUED
REINVEST- (iii) AGGREGATE [LINE (i), PLUS
(i) AGGREGATE MENT PLANS PRICE OF SHARES LINE (ii), LESS
NAME OF SALE PRICE (FROM REDEEMED OR LINE (iii),
SERIES (FROM ITEM 10) ITEM 11) REPURCHASED (iv) (1) PLUS LINE (iv)]
- ------------ -------------- ---------- ---------------- -------- ---------------
<S> <C> <C> <C> <C> <C>
U.S. Gold $4,140,600,023 $4,884,235 $(4,160,720,781) -0- $(15,236,523)
Shares Fund
U.S. All 16,746,663 759,303 (11,867,287) -0- 5,638,679
American
Equity Fund
U.S. Global 27,451,318 3,089,881 (26,082,213) -0- 4,458,986
Resources
Fund
U.S. 4,905,311,903 6,949,861 (4,869,211,951) -0- 43,039,813
Treasury
Securities
Cash Fund
U.S. Tax 9,028,644 760,035 (11,909,505) -0- (2,120,826)
Free Fund
U.S. Income 2,905,605 1,473,596 (4,251,783) -0- 127,418
Fund
U.S. World 525,431,801 12,024,924 (536,192,569) -0- 1,264,156
Gold Fund
U.S. 649,751,805 33,129,743 (579,521,813) -0- 103,359,735
Government
Securities
Savings
Fund
U.S. Real 30,297,759 324,421 (27,936,315) -0- 2,685,865
Estate Fund
United 4,278,905 243,513 (3,769,464) -0- 752,954
Services
Near-Term
Tax Free
Fund
United 714,774 86,293 (4,482,410) -0- (3,681,343)
Services
Intermediate
Treasury
Fund
U.S. Global 27,451,318 3,089,881 (26,082,213) -0- 4,458,986
Resources
Fund
U.S. 4,905,311,903 6,949,861 (4,869,211,951) -0- 43,039,813
Treasury
Securities
Cash Fund
U.S. Tax 9,028,644 760,035 (11,909,505) -0- (2,120,826)
Free Fund
U.S. Income 2,905,605 1,473,596 (4,251,783) -0- 127,418
Fund
U.S. World 525,431,801 12,024,924 (536,192,569) -0- 1,264,156
Gold Fund
U.S. 649,751,805 33,129,743 (579,521,813) -0- 103,359,735
Government
Securities
Savings
Fund
U.S. Real 30,297,759 324,421 (27,936,315) -0- 2,685,865
Estate Fund
United 4,278,905 243,513 (3,769,464) -0- 752,954
Services
Near-Term
Tax Free
Fund
United 714,774 86,293 (4,482,410) -0- (3,681,343)
Services
Intermediate
Treasury
Fund
China 34,872,038 89,879 (22,051,958) -0- 12,909,959
Region
Opportunity
Fund
TOTALS $10,347,391,238 $63,815,684 $(10,258,008,049) -0- $153,198,873
MULTIPLIED x 1/3300
BY 1/3300
FEE DUE [TOTAL
OF (i) OR (v)
MULTIPLIED BY
(vi)] $46,423.90
<FN>
- ---------------------
(1) Aggregate price of shares redeemed or repurchased and previously applied as
a reduction to filing fees pursuant to rule 24e-2 (if applicable)
</FN>
</TABLE>
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).
/ /
Date of wire transfer of filing fees to the Commission's lockbox
depository:
August 28, 1997
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/ THOMAS D. TAYS
---------------------------
THOMAS D. TAYS
Chief Financial Officer
Date: August 27, 1997
GOODWIN, PROCTER & HOAR, LLP
COUNSELLORS AT LAW
EXCHANGE PLACE
BOSTON, MASSACHUSETTS 02109-2881
Telephone (617)570-1000
Tel;ecopier (617) 523-1231
August 27, 1997
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Notice on Form 24f-2 for U.S. Global Investors Funds
File No. 811-1800
-----------------
Gentlemen:
As counsel to U.S. Global Investors Funds (the "Trust"), we have been
requested to render this opinion in connection with the filing by the Trust of a
Notice on Form 24f-2 (the "Notice") with respect to its fiscal year ended June
30, 1997.
Reference is made to paragraph 10 of the Notice, wherein the Trust reports
the number and amount of shares of the Trust (the "Shares") representing
interests in U.S. Gold Shares Fund, U.S. All American Equity Fund, U.S. Global
Resources Fund, U.S. Treasury Securities Cash Fund, U.S. Tax Free Fund, U.S.
Income Fund, U.S. World Gold Fund, U.S. Government Securities Savings Fund, U.S.
Real Estate Fund, United Services Near-Term Tax Free Fund, United Services
Intermediate Treasury Fund and China Region Opportunity Fund sold during the
fiscal year ended June 30, 1997 in reliance upon Rule 24f-2 under the Investment
Company Act of 1940, as amended.
We have examined the First Amended and Restated Master Trust Agreement and
By- Laws, as amended, of the Trust, the Notice, the records of certain meetings
and written consents of the Trustees of the Trust, and such other documents as
we deemed necessary for purposes of this opinion.
Based upon the foregoing, and assuming that all of the Shares were sold,
issued and paid for in accordance with the terms of the Trust's Prospectuses and
Statements of Additional Information contained in the Trust's Registration
Statement on Form N-1A in effect at the time of sale, in our opinion the Shares
were legally issued and are fully paid and non-assessable by the Trust.
Very truly yours,
/s/ Goodwin, Procter & Hoar LLP
GOODWIN, PROCTER & HOAR LLP
DOCS\5421317.1
