[FRONT OF POSTCARD]
SUPERIOR
PERFORMANCE
FOR YOUR
403(b)
(MOUNTAIN GRAPH PLOTTED FROM DATA IN TABLE BELOW)
<TABLE>
<CAPTION>
Bonnel Russel
Growth S&P 500 2000
------ ------- ------
<S> <C> <C> <C>
10/31/94 10000 10000 10000
11/30/94 10019.98 9636.265 9595.9
12/30/94 10079.92 9779.018 9852.782
1/31/95 9849.464 10032.44 9728.34
2/28/95 10480.71 10423.04 10133.33
3/31/95 10931.6 10730.11 10307.02
4/28/95 11412.55 11045.84 10536
5/31/95 11582.89 11486.65 10717.2
6/30/95 12665.03 11752.99 11273.15
7/31/95 14107.88 12142.57 11922.48
8/31/95 14238.14 12172.88 12169.22
9/29/95 14859.37 12686.31 12386.57
10/31/95 14508.67 12640.98 11832.65
11/30/95 14789.23 13195.27 12329.67
12/29/95 14638.38 13449.45 12654.92
1/31/96 14428.51 13906.67 12641.28
2/29/96 15016.15 14036.05 13035.31
3/29/96 15719.21 14171.18 13300.58
4/30/96 17587.05 14379.92 14011.76
5/31/96 19066.63 14750.14 14563.97
6/28/96 17534.58 14806.38 13965.97
7/31/96 15719.21 14152.59 12746.18
8/30/96 16548.19 14451.57 13486.22
9/30/96 17996.29 15264.21 14013.27
Bonnel Growth Fund $17,996
S&P 500 $15,264
Russell 2000 $14,013
</TABLE>
A $10,000 investment in the Bonnel Growth Fund grew to $17,996 in just two
years.
Take action now.
Open a new 403(b) account or transfer your existing 403(b) account to the Bonnel
Growth Fund today.
Call 1-800-557-2257 for a free investment guide.
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[GRAPHIC: U.S. Family of Funds logo on top left corner]
[GRAPHIC: U.S. Postal Service Permit No. logo top right corner]
- ----------
For more complete information, including charges and expenses, call
1-800-4-BONNEL (800-426-6635). Please read the prospectus carefully before
investing. Past performance is no guarantee of future results. Investment return
and principal value will fluctuate. You may have a gain or a loss when you sell
shares. The Bonnel Growth Fund reflects total return with all dividends
reinvested. The Russell 2000 and S&P 500 are unmanaged indexes. The Russell 2000
is considered to be representative of the broad small-cap market. The S&P 500 is
representative of the stock market. Average annual total returns as of 9/30/96
are 21.1% for one year and 35.2% since inception. Chart source: Micropal. Chart
performance as of 9/30/96.
INVEST YOUR 403(B) IN THE BONNEL GROWTH FUND.
* Your money is invested in a diversified portfolio of growth stocks
* You never pay sales charges or commissions
* You investment is managed by an expert fund manager
TAKE ACTION AND EARN MORE NOW.
Call 308-1222 in San Antonio 1-800-555-2257, ext. 627.
