UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No.: 3
Name of Issuer: U.S. Global Investors, Inc. (formerly United
Services Advisors)
Title of Class of Securities: Class A Common Stock (formerly
Preferred Stock)
CUSIP Number: 902952100
(Name, Address and Telephone Number of Person
Authorized To Receive Notices and Communications)
Lourde John Constable d/b/a Constable Asset Management, Ltd.
5 Radnor Corp. Center
100 Matsonford Rd., Suite #520
Radnor, Pennsylvania 19087
(Date of Event which Requires Filing of this Statement)
February 3, 1999
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of
Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
CUSIP No.: 902952100
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Constable Partners, L.P.
2. Check the Appropriate Box if a Member of a Group
a.
b. X
3. SEC Use Only
4. Source of Funds
WC
5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
Delaware
Number of Shares Beneficially Owned by Each Reporting Person
With:
7. Sole Voting Power:
8. Shared Voting Power:
47,632
9. Sole Dispositive Power:
10. Shared Dispositive Power:
47,632
11. Aggregate Amount Beneficially Owned by Each Reporting Person
47,632
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares
2
<PAGE>
13. Percent of Class Represented by Amount in Row (11)
0.8%
14. Type of Reporting Person
PN
3
<PAGE>
CUSIP No.: 902952100
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Lourde John Constable d/b/a Constable Asset Management,
Ltd.
2. Check the Appropriate Box if a Member of a Group
a.
b. X
3. SEC Use Only
4. Source of Funds
WC
5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
United States
Number of Shares Beneficially Owned by Each Reporting Person
With:
7. Sole Voting Power:
8. Shared Voting Power:
67,632
9. Sole Dispositive Power:
10. Shared Dispositive Power:
67,632
11. Aggregate Amount Beneficially Owned by Each Reporting Person
67,632
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares
4
<PAGE>
13. Percent of Class Represented by Amount in Row (11)
1.1%
14. Type of Reporting Person
IN
5
<PAGE>
The purpose of this Amendment No. 3 to the previously filed
Schedule 13D is to report that Constable Partners, L.P. (the
"Partnership") and Lourde John Constable d/b/a Constable Asset
Management, Ltd. ("Constable") (together, the "Reporting
Persons") have ceased to be the beneficial owners of more than
five percent of the Class A Common Stock (the "Shares") of U.S.
Global Investors, Inc.
Item 1. Security and Issuer
Since the last filing by the Reporting Persons on the
Schedule 13D, the Issuer has changed its name and has
reclassified the securities that were reported on the
last filing.
On June 4, 1996, United Services Advisors, Inc. changed
its name to U.S. Global Investors, Inc. (the "Issuer").
The Issuer had also on June 4, 1996, reclassified its
Preferred Stock as Class A Common Stock.
Item 2. Identity and Background
No change.
Item 3. Source and Amount of Funds or Other Consideration
As of the date hereof, the Partnership owns 47,632
Shares and Constable is deemed to beneficially own
67,632 Shares.
All of the Shares were purchased in open market
transactions. The Shares owned by the Partnership were
purchased for an aggregate purchase price of $102,228.
The Shares beneficially owned by Constable were
purchased for an aggregate purchase price of $162,928.
The funds for the purchase of the Shares held by the
Partnership and Constable have come from the working
capital of the Partnership and Constable. No funds were
borrowed to purchase any of the Shares.
Item 4. Purpose of Transactions
No change.
Item 5. Interest in Securities of Issuer
As of the date hereof, the Reporting Persons have ceased
to be the beneficial owners of more than five percent of
the Shares.
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<PAGE>
As of the date hereof, the Partnership owns 47,632
Shares and Constable is deemed to be the beneficial
owner of 67,632 Shares. Based on information provided
by the Issuer, as of October 26, 1998, there were
6,299,444 Shares outstanding. Therefore, the
Partnership owns 0.8% and Constable is deemed to
beneficially own 1.1% of the outstanding Shares. The
Reporting Persons have the sole or shared power to vote,
direct the vote, dispose of or direct the disposition of
all the Shares that they are deemed to beneficially own.
All transactions in the Shares effected by the Reporting
Persons since the most recent filing on Schedule 13D
were effected in open-market transactions and are set
forth in Exhibit B hereto.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer
No change.
Item 7. Material to be Filed as Exhibits
1. An agreement relating to the filing of a joint
statement as required by Rule 13d-1(f) under
the Securities Exchange Act of 1934 is filed
herewith as Exhibit A.
2. A description of the transactions in the
Shares that were effected by the Reporting
Persons since the most recent filing on
Schedule 13D is filed herewith as Exhibit B.
Signature
The undersigned, after reasonable inquiry and to
the best of their knowledge and belief, certify that the
information set forth in this statement is true, complete
and correct.
CONSTABLE PARTNERS, L.P.
By: /s/ Lourde John Constable
_______________________________
Lourde John Constable
General Partner
/s/ Lourde John Constable
_______________________________
Lourde John Constable
February 19, 1999
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<PAGE>
Exhibit A
AGREEMENT
The undersigned agree that this Schedule 13D dated
February 19, 1999 relating to the Common Stock of U.S.
Global Investors, Inc. shall be filed on behalf of the
undersigned.
CONSTABLE PARTNERS, L.P.
By: /s/ Lourde John Constable
_______________________________
Lourde John Constable
General Partner
/s/ Lourde John Constable
_______________________________
Lourde John Constable
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<PAGE>
Exhibit B
SCHEDULE OF TRANSACTIONS - Constable and the Partnership
Price Per Share
Date Shares Purchased or (Sold) (excluding commission)
____ __________________________ _____________________
1/28/99 (12,187) $2.3299
2/3/99 (81,890) 3.4099
2/4/99 (84,725) 3.3299
2/5/99 (25,300) 2.1899
2/11/99 (73,266) 2.3869
9
02414001.AB7
