[Graphic: 5 stars across page]
3 Year Morningstar Rating*
ALL AMERICAN EQUITY FUND
1 Year +43.25%
3 Year +30.01%
5 Year +18.71%
10 Year +12.63%
Total Return for period ended 3/31/98
"BLUE CHIP EQUITY"
Call 1-800-US-FUNDS
[Graphic: U.S. Global Investors Logo] 1-800-873-8637
to receive investment literature
and a prospectus.
WWW.usfunds.com
For more complete information about US Global Investors' funds, including
charges and expenses, call 1-800-US-FUNDS or visit our Web site at
www.usfunds.com for a free prospectus. Read it carefully before you
invest or send money. Past performance is no guarantee of future results.
Investment returns and principle will fluctuate so that you may have a
gain or loss when you sell shares.
*Morningstar uses a proprietary rating system to show historical,
risk-adjusted performance. These ratings may change monthly and are
calculated from the funds' 1-,3-, 5-, and 10-year (when available) average
annual returns in excess of 90-day Treasury bill returns, with an
appropriate adjustment for fees and expenses and with a risk factor
reflecting the funds' performance below 90-day T-bill returns.
Morningstar awards five stars to funds in the top 10% of their category,
four stars to funds in the next 22.5%, three stars to the next 35%, two
stars to the next 22.5%, and one star in the bottom 10%. Morningstar
awarded the fund five stars out of 2437 funds for the 3-year period ended
3/31/98. IBD194
