ACCOLADE FUNDS
497, 1996-08-27
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[FRONT OF POSTCARD]
[GRAPHIC:  FULL-LENGTH PHOTO OF ART BONNEL ON LEFT SIDE]

INVESTMENT ADVISORS:  Are you searching for . .

1.)  SUPERIOR PERFORMANCE?

         TOTAL RETURN YEAR-TO-DATE*            ------------------------
         Bonnel Growth Fund  +12.83%                   18.67%  
         S&P 500 Index        +8.09%                  One Year  
         Russell 2000         +8.19%           ------------------------
                                               ------------------------
                                                       31.90%
                                               Since Inception 10/17/94
                                               ------------------------    
                                               * AVERAGE ANNUAL RETURNS
                                                     AS OF 8/12/96

2.)  PROFESSIONAL & CONSISTENT PORTFOLIO MANAGEMENT?

     Art Bonnel has been expertly managing money for over 25 years with the same
     successful  investment style that has given him industry-wide  recognition.
     3.) Personalized  Service?  H Portfolio  manager  teleconferences H Monthly
     fund news fax updates H Portfolio manager market insights updated monthly H
     Financial  Advisor  Service Team  (F.A.S.T.)  dedicated to your  investment
     needs

3.)  PERSONALIZED SERVICE?

     * Portfolio manager teleconferences
     * Monthly fund news fax updates
     * Portfolio manager market insights updated monthly
     * Financial  Advisor Service Team  (F.A.S.T.)  dedicated to your investment
       needs
- ----------
For  more  information   including   charges  and  expenses,   call  a  F.A.S.T.
representative at (800) 873-83639.  Please read the prospectus  carefully before
investing. Investment returns and principal may vary, and you may have a gain or
loss when you sell shares.  Past  performance is no guarantee of future results.
The S&P 500 Index and Russell 2000 are not mutual funds.

[BACK OF POSTCARD]

[GRAPHIC:  U.S. GLOBAL INVESTORS, INC. LOGO ON LEFT TOP CORNER]

[GRAPHIC:  POSTAGE LOGO ON RIGHT TOP CORNER: PRE-SORTED FIRST CLASS U.S. POSTAGE
PAID SAN ANTONIO, TX PERMIT NO. 673]

LET ART BONNEL, MANAGER
OF THE BONNEL GROWTH
FUND,  WORK FOR YOU!

CALL today for an investment
advisor kit containing  additional
information on the BONNEL
GROWTH FUND and the services
we provide.

- ------------
800-873-3639
- ------------

The BONNEL GROWTH FUND


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