US GLOBAL INVESTORS FUNDS
497, 1997-08-01
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[MOTION GRAPHIC:  BAR CHART SHOWING U.S.  GOVERNMENT  SECURITIES SAVINGS FUND AS
THE HIGHEST BAR AND THEN AVERAGE BANK AS THE SMALLEST BAR]

[PRINTED TEXT WITH BAR CHART GRAPHIC]

5.27% U.S. Government Securities Savings Fund
2.63% Average Bank Money Market Fund

[GRAPHICS: MOTION PRINTED TEXT AT BOTTOM OF PAGE]

1-800-US-FUNDS * Higher Yield*Lipper's #1 Government MM Fund*Free Checkwriting

[MOTION GRAPHIC: FRANK E. HOLMES, CEO STANDING]

[VOICE TEXT]

Are you  looking  for a safe  haven  which  pays you more for your  money?  Then
compare and discover a higher  yield.  The U.S.  Government  Securities  Savings
Fund,  ranked America's #1 government money market fund,  offers a substantially
higher yield than the average bank money  market fund.  If you're  looking for a
superior  yield and instant  liquidity  then call now  1-800-US-FUNDS.  The U.S.
Government  Securities  Savings  Fund is the smart  choice  for you.  For a free
investment  guide call  1-800-US-FUNDS  . Please read the information  carefully
before you invest.

[MOTION GRAPHIC:  COMPANY LOGO AND 1-800-US-FUNDS] 

[PRINTED TEXT]

*As of 5/28/97.  Sources: USA Today, IBC's Money Fund Report.  Lipper Analytical
Services ranked the U.S.  Government  Securities  Savings Fund #5 and #1 for the
one- and five-year  periods  ended  3/31/97 out of 115 and 79  government  money
market funds,  respectively.  Like all other mutual  funds,  the Fund is neither
sponsored  nor  guaranteed  by the U.S.  Government,  neither a  deposit  of nor
endorsed by any bank and neither  insured by the FDIC nor any other agency.  The
Fund is managed to maintain a stable $1 per share  value;  however,  there is no
assurance it will be able to do so. The Advisor of the Fund has guaranteed total
fund  operating  expenses (as a percentage  of net assets) will not exceed 0.40%
until 6/30/97, or until such later date as the Advisor determines. In accordance
with  SEC   guidelines,   capital  gains  or  losses  are  excluded  from  yield
calculations.  The Fund's Advisor subsidized  certain Fund expenses,  enchancing
the yield.  Free checking for checks with a minimum  amount of $500.  For a free
prospectus containing more complete information, including charges and expenses,
call 1-800-US-FUNDS. Please read the prospectus carefully before investing. Past
performance is no guarantee of future results.



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