ACCOLADE FUNDS
497, 1996-10-25
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[FRONT OF POSTCARD]

[GRAPHIC:  FULL-LENGTH PHOTO OF ART BONNEL]

MAXIMIZE
YOUR TIME AT 
IMPACT '96!!!

                   -------------------------         --------
                           36.67%                     30.83%
                   SINCE INCEPTION 10/17/94          ONE YEAR
                   -------------------------         --------

                     AVERAGE ANNUAL RETURNS AS OF 10/15/96

Meet an industry  leading  portfolio  manager,  Art Bonnel of the Bonnel  Growth
Fund*,  at the Schwab  Annual  Institutional  Conference.  Art will  answer your
questions  and  discuss  his  investment  style and market  conditions.  

Art has professionally managed money for over 25 years. His superior performance
is an indication  of his expert money  management  skills.  Art has attained his
status as a leading  portfolio  manager  with a consistent  investment  approach
focusing on earnings growth in mid-cap stocks.

We  encourage  you to visit with Art Bonnel at Impact '96 to see how we can work
together to increase your clients wealth!!!

Location:  Impact '96, Schwab Institutional  Annual Conference Date:  Wednesday,
November 6th Time: 6:00 - 8:00 p.m.

[BACK OF POSTCARD]

[GRAPHIC:  U.S. GLOBAL INVESTORS, INC. LOGO]
- --------------------------------------------------------------------------------
*For  more  information   including  charges  and  expenses,   call  a  F.A.S.T.
representative  at (800) 873-3639.  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.
U.S.  Global  Investors,  Inc. is a registered  investment  advisor that renders
investment  advice to the United  Services  Family of Funds,  a collection of 14
no-load mutal funds.
- --------------------------------------------------------------------------------

GET THE MOST OUT OF
THE SCHWAB INSTITUTIONAL
ANNUAL CONFERENCE,
IMPACT '96. MEET ART
BONNEL AND PARTICIPATE
IN A DISCUSSION ON HIS
INVESTMENT STYLE
AND MARKET VIEWS.



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