U S GLOBAL ACCOLADE FUNDS
497, 1997-06-03
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HAVE YOU                                                  [U.S. Global Investors
OPENED YOUR MONEY MARKET ACCOUNT?                                          Logo]
                                                                  
Protect  your  investment  with an account in U.S.                1-800-US-FUNDS
Global  Investors'  money market funds.  With high                              
yields,  free  checkwriting  and the  stability of      
short-term  government  securities,  our funds can      
protect   your   overall   investments   from  the      
volatility of the stock market.                         
                                                        
An  account  in  the  U.S.  GOVERNMENT  SECURITIES      
SAVINGS FUND gives you a liquid source of cash and      
daily  dividend  income you can count on. While we      
encourage  you to invest in the stock  market  for      
superior  long-term  gains,  you should  also keep      
some of your  assets  safe in a money  market fund      
like ours.                                              
                                                         [Picture of Lipper 1996
And  with   LIPPER'S  #1  RANKING  FOR   FIVE-YEAR       Performance Achievement
PERFORMANCE  as of  3/31/97,  the Fund has offered                  Certificate]
the  highest  long-term  yield  of any  government        
money market fund.                                                       HIGHEST
                                                                        YIELDING
The Fund also offers you many account benefits:                     
                                                                    
*    Free,  unlimited  checkwriting  for checks of       [Picture of U.S. Global
     $500  or  more  makes  your  money  instantly           money market check]
     available.                                                   
                                                                            FREE
*    Automatic bill-paying takes the hassle out of                  CHECKWRITING
     paying regular bills.                                        
                                                                                
*    Automatic   exchange  lets  you   dollar-cost                              
     average into or out of a stock fund while you       
     earn a high yield.                                  
                                                         
*    A safe haven for profits you want to protect.       
                                                         
*    Redemption  by  telephone  --  have  a  check       
     mailed to you from your account.                    
                                                         
For free, unlimited checkwriting for checks of any       
amount,  use our  U.S.  TREASURY  SECURITIES  CASH       
FUND.  This  fund  also  earns  daily   dividends,       
providing you with a competitive yield and instant       
access to your money.                                    
                                                         
For more information  about U.S. Global Investors'                   [Picture of
money  market  funds,   call   1-800-US-FUNDS   or               dial telephone]
1-800-873-8637  for a free investment  guide.  You                    
can  also  find us on the Web at  www.usfunds.com.                     TELEPHONE
Everything  you need to open an account is waiting                    REDEMPTION
for you online.                                                       & EXCHANGE
                                                                                
FOR MORE  COMPLETE  INFORMATION  ABOUT THE  FUNDS,           
INCLUDING     CHARGES    AND    EXPENSES,     CALL           
1-800-US-FUNDS   OR   VISIT   OUR   WEB   SITE  AT           
WWW.USFUNDS.COM   FOR  A   PROSPECTUS.   READ   IT           
CAREFULLY  BEFORE YOU INVEST OR SEND  MONEY.  U.S.           
STANDS FOR UNITED SERVICES.                                  
                                                             
PAST   PERFORMANCE   IS  NO  GUARANTEE  OF  FUTURE          [Picture of cover of
RESULTS.   INVESTMENT  RETURNS  AND  PRINCIPAL  OF       Government Money Market
ACCOUNTS IN NON-MONEY  MARKET FUNDS MAY  FLUCTUATE             Funds prospectus]
SO THAT YOU MAY HAVE A GAIN OR LOSS  WHEN YOU SELL                    
SHARES. LIPPER ANALYTICAL SERVICES RANKED THE U.S.                      CALL FOR
GOVERNMENT  SECURITIES  SAVINGS FUND #5 AND #1 FOR                        A FREE
THE ONE- AND  FIVE-YEAR  PERIODS ENDED 3/31/97 OUT                     INVESTORS
OF  115  AND 79  GOVERNMENT  MONEY  MARKET  FUNDS,                         GUIDE
RESPECTIVELY.  THIS  FUND,  LIKE ALL OTHER  MUTUAL                    
FUNDS, IS NEITHER A BANK NOR FDIC INSURED;  NOR IS
IT BACKED BY THE U.S.  GOVERNMENT OR ITS AGENCIES;
HOWEVER,  THE SECURITIES  WHICH IT INVESTS IN ARE.
THE FUND IS  MANAGED  TO  MAINTAIN A STABLE $1 PER
SHARE VALUE,  THOUGH THERE IS NO ASSURANCE IT WILL
BE ABLE TO DO SO. PAST PERFORMANCE IS NO GUARANTEE
OF FUTURE RESULTS.



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