[GRAPHIC UNITED SERVICES ADVISORS, INC. LOGO]
FAX UPDATE
BONNEL GROWTH FUND
STATISTICS AS OF
APRIL 30, 1996
FUND PERFORMANCE AVG. ANNUAL TOTAL RETURNS
- --------------------------------- ----------------------------------------
(YEAR TO DATE) AS OF 4/30/96
12/31/9 - 4/31/96
FUND ....................... +7.4 1 YEAR ......................... 54.10%
S&P 500 .................... +4.8 SINCE INCEPTION (10/17/94) ..... 44.61%
RUSSELL 2000 ............... +4.7
PORTFOLIO STATISTICS ASSET ALLOCATION
- ---------------------------------- ----------------------------------------
NUMBER OF HOLDINGS ........ 102 $MILL %
------ ------
FOREIGN HOLDINGS .......... 1 EQUITIES ................ 61.9 100.4
FIXED INCOME ............ 0 0
AVERAGE MEDIAN CASH .................... -0.2 -0.4
------- ------ ---- -----
MARKET CAP (MILL) 2,629 699 TOTAL ................... 61.7 100.0
P/E .............. 33.2 27.1
50 DAY VOLUME .... 314 129
TOP 10 HOLDINGS % TOP 10 INUSTRIES %
- ----------------------------- ---- -------------------------------- ----
1. IOMEGA .................. 3.10 1. COMPUTER INTEGRATED SYS .... 7.40
2. JONES MEDICAL ........... 2.92 2. SEMICONDUCTORS ............. 6.66
3. CALIFORNIA AMP .......... 2.30 3. TELEPHONE & TELEGRAPH ...... 6.45
4. CHESAPEAKE ENERGY ....... 2.29 4. PHARMACEUTICALS ............ 4.57
5. PAIRGAIN TECH ........... 2.16 5. COMPUTER PERIPHERALS ....... 3.86
6. SECURITY DYNAMICS ....... 2.05 6. COMMUNICATIONS EQUIP ....... 3.83
7. KENT ELECTRONICS ........ 2.04 7. COMPUTER COMM EQUIP ........ 3.68
8. ACCESS HEALTH ........... 2.02 8. GEN MED & SURGICAL HOSP .... 3.10
9. ASCEND COMMUNICATIONS ... 1.00 9. COMPUTER STORAGE ........... 3.10
10. ELECTRONIC FOR IMAGING .. 1.97 10. DEPARTMENT STORES .......... 2.96
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US: BONNEL GROWTH
- -----------------
For more information, including charges and expenses, call 1-800-873-3639.
Please read the prospectus carefully before invprincipalInvestment returns and
value may vary, and you may have a gain or a loss when you sell shares. Past
performance is no guarantee of future results. Average annual total rate of
return for 1 year is 54.10% and for the life of the Fund (10/17/94) through
4/30/96), 44.61%. US stands for "United Services". The S&P 500 and Russell 2000
are not mutual funds.
