One Of Mutual
Funds Magazine's
Top Ten Funds
For 1996**
* Portfolio Manager: Art Bonnel
* 25 Years of Investment
Management Experience
* Inception Date: 10/17/94 * No load
BONNEL
GROWTH
FUND
----------------------------
45.22%
ONE-YEAR RETURN
12/29/94 - 12/29/95
----------------------------
37.65%
TOTAL RETURN SINCE INCEPTION
1O/17/94 - 12/29/95
----------------------------
[GRAPHIC: UNITED SERVICES FUNDS LOGO WITH FULL-LENGTH PICTURE OF ART BONNEL
ABOVE AND TO THE LEFT OF LOGO.]
Call 1-800-557-2297 EXT 601
Look under the United Services listing.
Past performance does not guarantee future results. Investment returns and
principal value will fluctuate. You may have a gain or a loss when you sell
shares. For more information, including charges and expenses, call
1-800-4-BONNEL. Please read the prospectus carefully before investing. **Based
upon a survey of 230 analysts. December 1995 issue.
