September 19, 1996
Address
Dear Salutation:
Art Bonnel was pleased to have met you at the August Reno-Sparks Chamber
Meeting. In case you are not familiar with the mutual fund he manages, I thought
I would send the enclosed materials on the Bonnel Growth Fund as well as
additional information on Art.
The Fund was launched in October of 1994. Art has twenty years of investment
experience, ranging from trader to portfolio manager. Prior to 1994, he
successfully managed the MIM Stock Appreciation Fund for seven years.
Unlike many growth-oriented fund managers, Art does not try to predict a
company's future earnings. Instead, he focuses on year-to-year trailing earnings
growth and other indications of financial health to find tomorrow's stock market
winners.
As of December 31, 1995, the Bonnel Growth Fund achieved a total return of
45.22%. The Fund is no load and has approximately $80 million in assets.
Year-to-date the fund has returned over 19% and is most heavily weighted in
technology and healthcare stocks. The Bonnel Growth Fund is listed in most
newspapers under United Services.
If you have any questions about this Fund or would like to know more about
United Services' other 12 no-load funds, please call me or one of our Investment
Representatives at 1-800-US-FUNDS.
we will be glad to help you with any of your investment needs.
Best regards,
/s/ Stephanie Linkous
Stephanie Linkous
Asst. Vice President Communications
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For a free prospectus containing more complete information, including charges
and expenses, call 1-800-873-3639. Please read the prospectus carefully before
investing. Investment return and principal value will fluctuate. You may have a
gain or a loss when you sell shares. Average annual total rate of return for 1
year period ended 6/30/96, 38.45%. Average annual total rate of return for life
of the Fund (10/17/96 through 6/30/96), 39.39%.
