DISCOVER OUR
STAR FUNDS
U.S. Global Investors' stars
were shining bright in 1996.
The following funds received
top honors from Morningstar.
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*****
U.S. REAL ESTATE FUND
Invests for growth and income in REITs and other
real estate stocks. Can enhance any portfolio.
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*****
U.S. GLOBAL RESOURCES FUND
Invests for growth in the suppliers of natural
resources of all kinds.
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*****
UNITED SERVICES NEAR-TERM TAX FREE
Invests in investment-grade municipal bonds and
provides monthly tax-free dividends.
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*****
U.S. TAX FREE FUND
Invests for a high level of current income exempt from federal
income taxation. A great investment for reducing your tax bill.
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*****
U.S. ALL AMERICAN EQUITY FUND
A fund starring America's best-known blue chips:
Wal-Mart, McDonalds, Toys R Us and more.
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Call today for a FREE investment kit
containing everything you need to open an
account in one of our award-winning funds.
1-800-557-2297, ext. 171
www.usfunds.com
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*Morningstar Rankings as of 12/31/96. For more information, including charges
and expenses, call 1-800-US-FUNDS. Please read the prospectus carefully before
investing. U.S. stands for United Services. Past performance is no guarantee of
future results. Investment return and principal value will fluctuate. You may
have a gain or a loss when you sell shares. Morningstar, a nationally recognized
mutual fund rating service, awards ratings which reflect historical risk-adjust
performance. Five stars are awarded to funds in the top 10% of their category,
four stars are awarded to funds in the next 22.5%, three stars are awarded to
funds in the next 35%, two stars are awarded to funds in the next 22.5%, and one
star is awarded to funds in the bottom 10%. The U.S. Real Estate Fund received 5
stars out of 2959 funds for 1 year and 1 star out of 1058 funds 5 years, the
U.S. Global Resources received 5 stars out of 2959 funds for 1 year, 2 stars out
of 1058 funds for 5 years, and 1 star out of 598 funds for 10 years. The
Near-Term Tax Free Fund received 5 stars out of 1739 funds for 1 year and 4
stars out of 580 funds for 5 years. The U.S. Tax Free Fund received 4 stars out
of 1739 funds for 1 year, 3 stars out of 580 funds for 5 years, and 3 stars out
of 257 funds for 10 years. The U.S. All American Equity Fund received 4 stars
out of 2959 funds for 1 year, 3 stars out of 1058 funds for 5 years and 1 star
out of 589 funds for 10 years. Total operating expenses for the U.S. Near-Term
Tax Free Fund and U.S. Tax Free Fund were either capped or subsidized by the
adviser which benefited shareholders and improved fund performance. B&B030
