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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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024 001600 Y
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<PAGE> PAGE 51
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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<PAGE> PAGE 54
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SIGNATURE KEVIN C. WHITE
TITLE CHIEF ACCTNG OFFICER
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<ARTICLE> 6
<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by reference to such semi-annual report on Form N-SAR.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> U.S. GOLD SHARES FUND
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<TABLE> <S> <C>
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<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety by
reference to such semi-annual report on Form N-SAR.
</LEGEND>
<SERIES>
<NUMBER> 2
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by reference to such semi-annual report on Form N-SAR.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> U.S. GLOBAL RESOURCES FUND
<MULTIPLIER> 1000
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by reference to such semi-annual report on Form N-SAR.
</LEGEND>
<SERIES>
<NUMBER> 5
<NAME> U.S. TREASURY SECURITIES CASH FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 187794
<INVESTMENTS-AT-VALUE> 187794
<RECEIVABLES> 8962
<ASSETS-OTHER> 120
<OTHER-ITEMS-ASSETS> 15
<TOTAL-ASSETS> 196891
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1939
<TOTAL-LIABILITIES> 1939
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 194900
<SHARES-COMMON-STOCK> 194930
<SHARES-COMMON-PRIOR> 188844
<ACCUMULATED-NII-CURRENT> 52
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 194952
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4335
<OTHER-INCOME> 0
<EXPENSES-NET> 819
<NET-INVESTMENT-INCOME> 3516
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3516
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3516
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2372882
<NUMBER-OF-SHARES-REDEEMED> 2370291
<SHARES-REINVESTED> 3516
<NET-CHANGE-IN-ASSETS> 6108
<ACCUMULATED-NII-PRIOR> 52
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 409
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 819
<AVERAGE-NET-ASSETS> 163359
<PER-SHARE-NAV-BEGIN> 1.
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.
<EXPENSE-RATIO> 1.
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by reference to such semi-annual report on Form N-SAR.
</LEGEND>
<SERIES>
<NUMBER> 6
<NAME> U.S. INCOME FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 8290
<INVESTMENTS-AT-VALUE> 9639
<RECEIVABLES> 110
<ASSETS-OTHER> 3
<OTHER-ITEMS-ASSETS> 5
<TOTAL-ASSETS> 9757
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 149
<TOTAL-LIABILITIES> 149
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7927
<SHARES-COMMON-STOCK> 720
<SHARES-COMMON-PRIOR> 649
<ACCUMULATED-NII-CURRENT> 28
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 304
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1349
<NET-ASSETS> 9608
<DIVIDEND-INCOME> 208
<INTEREST-INCOME> 15
<OTHER-INCOME> 0
<EXPENSES-NET> 104
<NET-INVESTMENT-INCOME> 119
<REALIZED-GAINS-CURRENT> 722
<APPREC-INCREASE-CURRENT> (347)
<NET-CHANGE-FROM-OPS> 494
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 88
<DISTRIBUTIONS-OF-GAINS> 1400
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 87
<NUMBER-OF-SHARES-REDEEMED> 120
<SHARES-REINVESTED> 104
<NET-CHANGE-IN-ASSETS> (90)
<ACCUMULATED-NII-PRIOR> (4)
<ACCUMULATED-GAINS-PRIOR> 982
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 35
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 106
<AVERAGE-NET-ASSETS> 9486
<PER-SHARE-NAV-BEGIN> 14.94
<PER-SHARE-NII> .18
<PER-SHARE-GAIN-APPREC> .62
<PER-SHARE-DIVIDEND> (.14)
<PER-SHARE-DISTRIBUTIONS> (2.26)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.34
<EXPENSE-RATIO> 2.20
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
semi-annual report filed on Form N-SAR and is qualified in its entirety by
reference to such semi-annual report on Form N-SAR.
</LEGEND>
<SERIES>
<NUMBER> 7
<NAME> U.S. TAX FREE FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 18772
<INVESTMENTS-AT-VALUE> 18955
<RECEIVABLES> 421
<ASSETS-OTHER> 4
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 19380
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 135
<TOTAL-LIABILITIES> 135
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19214
<SHARES-COMMON-STOCK> 1634
<SHARES-COMMON-PRIOR> 1723
<ACCUMULATED-NII-CURRENT> 37
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (189)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 183
<NET-ASSETS> 19245
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 513
<OTHER-INCOME> 0
<EXPENSES-NET> 38
<NET-INVESTMENT-INCOME> 475
<REALIZED-GAINS-CURRENT> (43)
<APPREC-INCREASE-CURRENT> 370
<NET-CHANGE-FROM-OPS> 802
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 471
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 489
<NUMBER-OF-SHARES-REDEEMED> 611
<SHARES-REINVESTED> 33
<NET-CHANGE-IN-ASSETS> (704)
<ACCUMULATED-NII-PRIOR> 34
<ACCUMULATED-GAINS-PRIOR> (146)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 71
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 141
<AVERAGE-NET-ASSETS> 19017
<PER-SHARE-NAV-BEGIN> 11.58
<PER-SHARE-NII> .29
<PER-SHARE-GAIN-APPREC> .20
<PER-SHARE-DIVIDEND> (.29)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.78
<EXPENSE-RATIO> .40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
semi-annual report filed on Form N-SAR and is qualified in its entirety by
reference to such semi-annual report filed on Form N-SAR.
</LEGEND>
<SERIES>
<NUMBER> 9
<NAME> U.S. WORLD GOLD FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 167459
<INVESTMENTS-AT-VALUE> 247512
<RECEIVABLES> 2090
<ASSETS-OTHER> 21
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 249623
<PAYABLE-FOR-SECURITIES> 4440
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9478
<TOTAL-LIABILITIES> 13918
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 203430
<SHARES-COMMON-STOCK> 12298
<SHARES-COMMON-PRIOR> 11778
<ACCUMULATED-NII-CURRENT> (574)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (47205)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 80054
<NET-ASSETS> 235705
<DIVIDEND-INCOME> 487
<INTEREST-INCOME> 432
<OTHER-INCOME> 0
<EXPENSES-NET> 1907
<NET-INVESTMENT-INCOME> (988)
<REALIZED-GAINS-CURRENT> 5957
<APPREC-INCREASE-CURRENT> (15630)
<NET-CHANGE-FROM-OPS> (10661)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13270
<NUMBER-OF-SHARES-REDEEMED> 13377
<SHARES-REINVESTED> 628
<NET-CHANGE-IN-ASSETS> (13077)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (53162)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1265
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1907
<AVERAGE-NET-ASSETS> 258244
<PER-SHARE-NAV-BEGIN> 21.12
<PER-SHARE-NII> (.08)
<PER-SHARE-GAIN-APPREC> (.76)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.17
<EXPENSE-RATIO> 1.48
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This financial data schedule conatins summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by references to such semi-annual report on Form N-SAR.
</LEGEND>
<SERIES>
<NUMBER> 10
<NAME> U.S. GOVERNMENT SECURITIES SAVINGS FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 642806
<INVESTMENTS-AT-VALUE> 642806
<RECEIVABLES> 8252
<ASSETS-OTHER> 48
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 651106
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2071
<TOTAL-LIABILITIES> 2071
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 649551
<SHARES-COMMON-STOCK> 649083
<SHARES-COMMON-PRIOR> 588461
<ACCUMULATED-NII-CURRENT> 1640
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2155)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 649036
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 16848
<OTHER-INCOME> 0
<EXPENSES-NET> 791
<NET-INVESTMENT-INCOME> 16057
<REALIZED-GAINS-CURRENT> 5
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 16062
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 16057
<DISTRIBUTIONS-OF-GAINS> 5
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 309297
<NUMBER-OF-SHARES-REDEEMED> 264732
<SHARES-REINVESTED> 16062
<NET-CHANGE-IN-ASSETS> 60627
<ACCUMULATED-NII-PRIOR> 1640
<ACCUMULATED-GAINS-PRIOR> (2160)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1323
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2127
<AVERAGE-NET-ASSETS> 621812
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .24
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by reference to such semi-annual report on Form N-SAR.
</LEGEND>
<SERIES>
<NUMBER> 11
<NAME> U.S. REAL ESTATE FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 17607
<INVESTMENTS-AT-VALUE> 20271
<RECEIVABLES> 2636
<ASSETS-OTHER> 4
<OTHER-ITEMS-ASSETS> 3
<TOTAL-ASSETS> 22914
<PAYABLE-FOR-SECURITIES> 1370
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 62
<TOTAL-LIABILITIES> 1432
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19576
<SHARES-COMMON-STOCK> 1572
<SHARES-COMMON-PRIOR> 749
<ACCUMULATED-NII-CURRENT> 61
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (819)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2664
<NET-ASSETS> 21482
<DIVIDEND-INCOME> 321
<INTEREST-INCOME> 24
<OTHER-INCOME> 0
<EXPENSES-NET> 100
<NET-INVESTMENT-INCOME> 245
<REALIZED-GAINS-CURRENT> 348
<APPREC-INCREASE-CURRENT> 2164
<NET-CHANGE-FROM-OPS> 2757
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 155
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 18221
<NUMBER-OF-SHARES-REDEEMED> 7708
<SHARES-REINVESTED> 147
<NET-CHANGE-IN-ASSETS> 13262
<ACCUMULATED-NII-PRIOR> (29)
<ACCUMULATED-GAINS-PRIOR> (1167)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 39
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 104
<AVERAGE-NET-ASSETS> 10324
<PER-SHARE-NAV-BEGIN> 10.97
<PER-SHARE-NII> .19
<PER-SHARE-GAIN-APPREC> 2.62
<PER-SHARE-DIVIDEND> (.11)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.67
<EXPENSE-RATIO> 1.94
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by reference to such semi-annual report on Form N-SAR.
</LEGEND>
<SERIES>
<NUMBER> 12
<NAME> UNITED SERVICES NEAR-TERM TAX FREE FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 6028
<INVESTMENTS-AT-VALUE> 6043
<RECEIVABLES> 161
<ASSETS-OTHER> 3
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6207
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 15
<TOTAL-LIABILITIES> 15
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6380
<SHARES-COMMON-STOCK> 592
<SHARES-COMMON-PRIOR> 630
<ACCUMULATED-NII-CURRENT> 33
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (237)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 15
<NET-ASSETS> 6191
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 159
<OTHER-INCOME> 0
<EXPENSES-NET> 12
<NET-INVESTMENT-INCOME> 146
<REALIZED-GAINS-CURRENT> 3
<APPREC-INCREASE-CURRENT> 49
<NET-CHANGE-FROM-OPS> 198
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 146
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 170
<NUMBER-OF-SHARES-REDEEMED> 220
<SHARES-REINVESTED> 13
<NET-CHANGE-IN-ASSETS> (353)
<ACCUMULATED-NII-PRIOR> 33
<ACCUMULATED-GAINS-PRIOR> (240)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 15
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 61
<AVERAGE-NET-ASSETS> 6147
<PER-SHARE-NAV-BEGIN> 10.38
<PER-SHARE-NII> .25
<PER-SHARE-GAIN-APPREC> .08
<PER-SHARE-DIVIDEND> (.25)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.46
<EXPENSE-RATIO> 1.98
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by reference to such semi-annual report on Form N-SAR.
</LEGEND>
<SERIES>
<NUMBER> 14
<NAME> UNITED SERVICES INTERMEDIATE TREASURY FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 836
<INVESTMENTS-AT-VALUE> 843
<RECEIVABLES> 15
<ASSETS-OTHER> 4
<OTHER-ITEMS-ASSETS> 1
<TOTAL-ASSETS> 863
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7
<TOTAL-LIABILITIES> 7
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1136
<SHARES-COMMON-STOCK> 85
<SHARES-COMMON-PRIOR> 362
<ACCUMULATED-NII-CURRENT> 2
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (289)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7
<NET-ASSETS> 856
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 86
<OTHER-INCOME> 0
<EXPENSES-NET> 6
<NET-INVESTMENT-INCOME> 80
<REALIZED-GAINS-CURRENT> 35
<APPREC-INCREASE-CURRENT> 20
<NET-CHANGE-FROM-OPS> 136
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 87
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 41
<NUMBER-OF-SHARES-REDEEMED> 325
<SHARES-REINVESTED> 7
<NET-CHANGE-IN-ASSETS> (2790)
<ACCUMULATED-NII-PRIOR> 8
<ACCUMULATED-GAINS-PRIOR> (325)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 7
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 47
<AVERAGE-NET-ASSETS> 2837
<PER-SHARE-NAV-BEGIN> 10.08
<PER-SHARE-NII> .43
<PER-SHARE-GAIN-APPREC> (.03)
<PER-SHARE-DIVIDEND> (.43)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.05
<EXPENSE-RATIO> .4
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This financial data schedule contains summary financial information extracted
from the semi-annual report filed on Form N-SAR and is qualified in its entirety
by reference to such semi-annual report on Form N-SAR.
</LEGEND>
<SERIES>
<NUMBER> 16
<NAME> CHINA REGION OPPORTUNITY FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 27836
<INVESTMENTS-AT-VALUE> 30202
<RECEIVABLES> 596
<ASSETS-OTHER> 10
<OTHER-ITEMS-ASSETS> 1
<TOTAL-ASSETS> 30809
<PAYABLE-FOR-SECURITIES> 341
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 173
<TOTAL-LIABILITIES> 514
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 33298
<SHARES-COMMON-STOCK> 4017
<SHARES-COMMON-PRIOR> 3259
<ACCUMULATED-NII-CURRENT> 80
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5445
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2362
<NET-ASSETS> 30295
<DIVIDEND-INCOME> 245
<INTEREST-INCOME> 97
<OTHER-INCOME> 0
<EXPENSES-NET> 247
<NET-INVESTMENT-INCOME> 95
<REALIZED-GAINS-CURRENT> (87)
<APPREC-INCREASE-CURRENT> 3655
<NET-CHANGE-FROM-OPS> 3663
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 93
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2065
<NUMBER-OF-SHARES-REDEEMED> 1322
<SHARES-REINVESTED> 14
<NET-CHANGE-IN-ASSETS> 9328
<ACCUMULATED-NII-PRIOR> 78
<ACCUMULATED-GAINS-PRIOR> (5358)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 135
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 276
<AVERAGE-NET-ASSETS> 21637
<PER-SHARE-NAV-BEGIN> 6.43
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 1.11
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.54
<EXPENSE-RATIO> 2.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
