U.S. GLOBAL INVESTORS FUNDS
U.S. REAL ESTATE FUND
MAY 1, 1998, SUPPLEMENT TO
PROSPECTUS DATED NOVEMBER 3, 1997
PORTFOLIO MANAGER--PAGE 21
Delete the final paragraph of page 21 describing the portfolio manager of the
U.S. Real Estate Fund and replace with the following paragraph:
The adviser has contracted with Goodman & Company N.Y. Ltd. to serve as
sub-adviser to the U.S. Real Estate Fund beginning May 1, 1998. It is
wholly owned by Goodman & Company Ltd., which is ultimately wholly owned by
Dundee Bancorp Inc., an Ontario incorporated Canadian company listed on The
Toronto Stock Exchange. Mr. Ned Goodman, Chairman of Goodman & Company
Ltd., is the "controlling person" of Goodman & Company N.Y. Ltd. and
Goodman & Company Ltd. ("Goodman & Company").
Goodman & Company is the manager of Dynamic Mutual Funds, a Canadian family
of 26 mutual funds with approximately $6.5 billion (Cdn) of funds under
management, over $500 million of which is in two real estate equity funds.
Goodman & Company uses a team approach to manage the U.S. Real Estate Fund.
The team is led by Mr. Goodman and Ms. Anne MacLean. Mr. Goodman, Chartered
Financial Analyst, has more than thirty years of investment experience.
Since 1979, Mr. Goodman has served as Chairman, President and Chief
Executive Officer of Goodman & Company, an adviser to investment companies
operating in Canada. Ms. MacLean, Chartered Financial Analyst, is a Goodman
& Company portfolio manager and partner responsible for U.S., Latin
American and real estate equities. Before joining Goodman & Company in
January 1995, Ms. MacLean had twelve years of investment experience as a
portfolio manager with Gluskin Sheff & Associates and as an Investment
Analyst with United Bond and Share Company.
FOR MORE INFORMATION--PAGE 46
After Investment adviser, insert:
Investment sub-adviser Goodman & Company N.Y. Ltd.
55th Floor, Scotia Plaza
40 King Street West
Toronto, Ontario M5H 4A9
CANADA
