[FOLLOW-UP MAILING TO ATTENDEES AT LAS VEGAS SHOW]
"WORLD'S MOST SOUGHT-AFTER FREE AGENT IN 1994." LOUIS RUKEYSER,
LOUIS RUKEYSER'S MUTUAL FUNDS MARCH 1995
Expectations were extremely high for me in 1994, as I made the decision to leave
the fund family I worked for in order to search for a new "home" to foster my
insatiable appetite for growth. A year and a half has gone by since I teamed up
with United Services. Since that time, I have tried very hard to meet and
surpass all expectations that were set for me. For 1995, the Bonnel Growth Fund
provided investors a total annual return of 45.22%.
Thank you for stopping by the United Services booth at Louis Rukeyser's
conference in Las Vegas earlier this month. I hope that you enjoyed the
conference and its many renowned speakers. You certainly had the pleasure of
listening to, and perhaps even meeting with, some of this country's true
investment
masters.
If you participated in any growth fund during 1995, chances are good that you
also had a very successful investment year. 1995 was a fabulous year for most
growth fund managers, as many of us were able to bring our shareholders
exceptional asset growth. With a new year underway, it's time to uncover unique
investment options and prepare for new challenges. Please find enclosed my
forecast for 1996 in which I have shared a few points that you may want to
consider as you position your portfolio to take advantage of the investment
opportunities that 1996 may bring us.
Sincerely,
/s/ Art Bonnel
Art Bonnel
Portfolio Manager
P.S. I have also enclosed a recent interview that appeared in VALUE LINE MUTUAL
FUND ADVISOR. If you would like to receive a prospectus for the Bonnel Growth
Fund, which also includes charges and expenses, simply call 1-800-4-BONNEL
(1-800-426-6635) and talk to one of our investor representatives. You can also
return the postage-paid reply card and an Investment Kit will be sent to you.
PERIOD ENDED 12/31/95, 1 YEAR, 45.22%. ONE YEAR AVERAGE ANNUAL RETURN AS OF
3/29/96: 43.80%. LIFE OF THE FUND (INCEPTION DATE 10-17-94) AVERAGE ANNUAL
RETURN AS OF 3/29/96: 36.86%. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE
INVESTING. INVESTMENT RETURNS AND PRINCIPAL VALUE MAY VARY, AND YOU MAY HAVE A
GAIN OR LOSS WHEN YOU SELL SHARES. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE
RESULTS.
