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[GRAPHIC: BLUE BACKGROUND WITH OVAL PEEP-HOLE OF ART BONNEL'S EYES AND NOSE]
WHO IS ART BONNEL?
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[MOUNTAIN GRAPH PLOTTED FROM DATA IN TABLE BELOW]
<TABLE>
<CAPTION>
Compare the Bonnel Growth Fund to the Russell 2000
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PICTURE THE POWER OF GROWTH
BONNEL GROWTH FUND RUSSELL 2000
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<S> <C> <C> <C>
10/17/94 ......................... $ 10,000.00 $ 10,000.00
10/30/94 ......................... $ 10,010.00 $ 10,001.18
11/30/94 ......................... $ 10,030.00 $ 9,579.56
12/30/94 ......................... $ 10,120.09 $ 9,819.19
1/30/95 ......................... $ 9,898.78 $ 9,670.16
2/28/95 ......................... $ 10,522.48 $ 10,062.75
3/30/95 ......................... $ 10,975.17 $ 10,208.26
4/30/95 ......................... $ 11,458.03 $ 10,439.27
5/30/95 ......................... $ 11,528.45 $ 10,560.07
6/30/95 ......................... $ 12,715.50 $ 11,123.86
7/30/95 ......................... $ 14,264.70 $ 11,735.42
8/30/95 ......................... $ 14,164.10 $ 11,893.56
9/30/95 ......................... $ 14,918.58 $ 12,173.00
10/30/95 ......................... $ 14,516.19 $ 11,619.01
11/30/95 ......................... $ 14,848.16 $ 12,103.11
12/30/95 ......................... $ 15,391.47 $ 12,392.36
1/30/96 ......................... $ 15,005.31 $ 12,290.66
2/29/96 ......................... $ 15,788.67 $ 12,743.85
3/30/96 ......................... $ 16,527.90 $ 12,972.90
4/30/96 ......................... $ 18,491.83 $ 13,659.69
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A $10,000 investment in BONNEL GROWTH FUND - $18,491.83
the Bonnel Growth Fund is RUSSELL 2000 - $13,659.69
worth $18,491.83 today.
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</TABLE>
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Powerful Performance
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ONE YEAR
54.10%
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SINCE INCEPTION
44.61%
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WHO IS ART BONNEL?
Art Bonnel is the all-star portfolio manager of the Bonnel Growth Fund, United
Services' newest no-load growth stock fund.
A manager with a proven track record, Art Bonnel has been expertly managing
money for more than 25 years. He has served on the Board of Directors of the
Kansas City Board of Trade, held a seat on a stock exchange, served as a bank
trust officer and managed his own investment advisory firm. Art earned a
Bachelor of Science degree in economics at the University of Nevada.
WHAT ARE ART'S PAST SUCCESSES?
Art is not a stranger to success. While working for another fund group, Art
managed a highly rated growth mutual fund. He built a reputation on his
demonstrated ability to select top-quality growth companies from a universe of
stocks. Now Art is putting this same stock selection strategy to work at United
Services in his namesake fund. Of course, past performance can't guarantee
future results.
WHAT MAKES ART DIFFERENT FROM OTHER PORTFOLIO MANAGERS?
Art prefers to stay far away from the whisperings of Wall Street. Two thousand,
two hundred ninety-four miles away, to be exact. Art works from his home office
in Reno, Nevada, where he uses a computer and a staff of one-his wife, and chief
analyst, Wanda-to sift through data on thousands of companies. He doesn't even
own a Quotron machine. Gratefully far from the whisperings of Wall Street, he
can focus on a stock's growth potential rather than the Street's latest "hot
tip."
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[GRAPHIC: FULL-LENGTH PHOTOGRAPH OF ART BONNEL IN CENTER OF PAGE]
HOW DOES HE CHOOSE STOCKS FOR HIS FUND'S PORTFOLIO?
One main factor drives Art's stock selection strategy--the search for quality
growth companies. Out of a universe of nearly 9,000 stocks, only about 1% pass
Art's strict selection standards. 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 today.
Art has strict selection standards for the stocks he includes in the Fund.
A company must:
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* demonstrate strong quality earnings from operations
* exhibit a strong balance sheet
* be a leader within its market niche
* employ a management team which owns a substantial stake in the company
* show a favorable price-to-earnings ratio
WHAT IS ART'S SECRET AMBITION?
Art says it best himself, "I LIKE TO BEAT OTHER FUND MANAGERS."
Thousands of investors and numerous leading financial publications have taken
notice of Art Bonnel and the Bonnel Growth Fund.
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THE BONNEL GROWTH FUND has been featured in
The Wall Street Digest
Mutual Fund Advisor
William Donoghue's syndicated column
Mutual Funds Magazine
Smart Money
Louis Rukeyser's Mutual Funds
Investor's Business Daily
Individual Investor
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BONNEL GROWTH FUND
Fund Assets: $62 MILLION
Inception: OCTOBER 17, 1994
Minimum Initial Investment: $5,000; OR USING THE ABC INVESTMENT PLAN(R), $1,000
WITH AUTOMATIC MONTHLY INVESTMENTS OF $100 OR MORE. NO MINIMUM FOR IRAS.
Available through: UNITED SERVICES, CHARLES SCHWAB, FIDELITY, JACK WHITE
[FRONT OF PERFORATED POSTCARD ATTACHED TO BOTTOM RIGHT]
YES! I need to learn more about the benefits of the
Bonnel Growth Fund. Please rush me a FREE investment guide today.
____ Please enclose an IRA investment guide.
Name ...........................................
Address.........................................
City, State, Zip Code...........................
Daytime Phone...................................
FOR IMMEDIATE RESPONSE CALL 1-800-557-2297, EXT. 612
[GRAPHIC: UNITED SERVICES FUNDS LOGO BOTTOM RIGHT OF POSTCARD]
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LOOK WHO IS TALKING ABOUT ART BONNEL AND THE BONNEL GROWTH FUND...
"HE'S A FUND MANAGER YOU CERTAINLY WOULD WANT TO KEEP ON A SHORT LIST OF
MANAGERS YOU WOULD CONSIDER GIVING MONEY TO." Don Phillips, Morningstar in
Investor's Business Daily, October 1994
"GIVEN HIS EXCEPTIONALLY STRONG TRACK RECORD, HIS IS CLEARLY A STRIDE WORTH
OBSERVING." Louis Rukeyser, Louis Rukeyser's Mutual Funds, March 1995
"THE FINANCIAL WORLD'S MOST SOUGHT-AFTER FREE AGENT IN 1994." Louis Rukeyser,
Louis Rukeyser's Mutual Funds, March 1995
"MONEY MANAGER ARTHUR BONNEL IS TURNING HEADS ON WALL STREET, ALL THE WAY FROM
HIS HOME IN RENO, NEVADA..." Individual Investor, September 1995
"INVESTORS CAN TAKE COMFORT IN MR. BONNEL'S PREVIOUS TENURE AS A MANAGER OF MIM
STOCK APPRECIATION FUND, WHERE HE DOUBLED HIS CLIENTS' MONEY OVER FIVE YEARS,
AND EARNED THE FUND TOP RATINGS FROM MORNINGSTAR, KIPLINGER'S, AND INVESTOR'S
BUSINESS DAILY." Individual Investor, December 1995
"BONNEL WAS HIGHLY SUCCESSFUL AT MANAGING THE MIM STOCK APPRECIATION FUND AND IS
ON THE ROAD TO DOING THE SAME WITH HIS NEW FUND AND IS AN EXCELLENT CHOICE FOR
ALMOST ANY PORTFOLIO." William Donoghue, Daily Journal of Commerce, September
14, 1995
"WHEN BONNEL SPEAKS, MANY PEOPLE LISTEN. HIS TRACK RECORD IS ONE OF THE FINEST
IN THE BUSINESS AND HE IS ONE OF THE FEW PORTFOLIO MANAGERS TO CONSISTENTLY
OUTPERFORM THE S&P 500." William Donoghue, May 1995
"BONNEL, WHO CAME TO THE COMPANY AFTER SEVEN YEARS AS MANAGER OF THE WIDELY
RESPECTED MIM STOCK APPRECIATION FUND, HAS ONE OF THE BEST TRACK RECORDS IN THE
BUSINESS." Smart Money, September 1995
One of the "TOP TEN FUNDS FOR 1996." Mutual Funds Magazine, December 1995
"...ART BONNEL, CHAMPION OF MIDCAP STOCKS." Liz Pulliam, Orange County Register,
April 1, 1996
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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.
[BACK OF PERFORATED POSTCARD ATTACHED TO BOTTOM LEFT]
[GRAPHIC: "NO POSTAGE NECESSARY IF MAILED IN THE UNITED STATES" LOGO TOP RIGHT]
BUSINESS REPLY MAIL
FIRST-CLASS MAIL PERMIT NO. 394 SAN ANTONIO TX
POSTAGE WILL BE PAID BY ADDRESSEE
BONNEL GROWTH FUND
PO BOX 29467
SAN ANTONIO TX 78229-9961
[END OF POSTCARD]
"GROWTH FUND MANAGER ART BONNEL EARNED A REPUTATION AS A CONSISTENT TOP
PERFORMER." Don Rowe, THE WALL STREET DIGEST, November 1995
