US GLOBAL INVESTORS FUNDS
497, 1997-06-03
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[GRAPHIC:  U.S. Global Investors Logo]

[WATERMARK GRAPHIC: Look who is]

Look who is talking about the
U.S. Government Securities Savings Fund...

In the June issue of MUTUAL FUND INVESTING, JAY SCHABACKER tells
his subscribers,

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U.S.  Government   Securities  Savings  Fund  (800/873-8637)  from  U.S.  Global
Investors  remains a winner  for a couple of  reasons.  Because  this money fund
holds only qualified U.S. government  short-term money market  instruments,  any
dividends  paid  out  are not  subject  to a  holder's  state  income  taxation.
Investors from high-tax states like California,  Massachusetts and New York, for
instance  should  really  take note.  In  addition,  the fund is not  subject to
Florida's  "intangible  tax." Second,  the portfolio  management  team headed by
Creston  King picks  great  securities.  And it also helps that the U.S.  Global
group has currently agreed to cap the operating  expense at 0.40%. For its money
market  class,  it's been in the top-10 for a very long  string of months.  Good
work, Creston. Its recent yield is 5.41%
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Thousands of investors and numerous leading  financial  publications  have taken
notice of the U.S. Government  Securities Savings Fund -- Lipper's #1 government
money market for 5 years.

Help your readers discover the safe haven with a superior yield. Tell them about
the money fund ranked #1 for consistent long-term performance.

For more information please call, U.S. Global Investors

Johanna Thornblad
210-308-1237

Stephanie Linkous
210-308-1214

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For more  information,  including charges and expenses,  call  1-800-US-FUNDS or
visit us on the web at  www.usfunds.com.  Please read the  prospectus  carefully
before investing. Like all other mutual funds, Fund shares are not backed by the
U.S. Government or its agencies;  however, the securities it invest in are. Past
performance is no guarantee of future results. The Fund is managed to maintain a
stable $1 per share value; however,  there is no assurance it will be able to do
so. Lipper Analytical  Services ranked the U.S.  Government  Securities  Savings
Fund #5 and #1 for the 1- and 5-year  periods  ended  3/31/97  out of 115 and 79
government money market funds, respectively.



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