U S GLOBAL ACCOLADE FUNDS
497, 1997-12-16
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Bonnel

  BONNEL GROWTH FUND

                                        A ranking

    (graphics: comical picture with a man and papers flying in background)


Average Annual returns as of 9/30/97

1 Year:  28.67%

Since Inception (10/17/94):  32.97%

*Source:  Investor's Business Daily,  12/3/97.  Each moving 36 month performance
rank,  versus all other mutual  funds,  is  re-calculated  each month on a total
return  basis.  All dividends & capital  gains  included.  A+=Top 5%, A=Top 10%,
A-=Top 15%,  B+=Top 20%, B=Top 25%,  B-=Top 30%,  C+=Top 35%, C=Top 40%,  C-=Top
45%, D+=Top 50%,D=Top 60%, D-=Top 70%, E=Below 70%.

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Let ART BONNEL do the stock sleuthing for you.

Art Bonnel,  begins  with a universe  of over 9000 stocks  listed on the NASDAQ,
NYSE and AMEX. He tracks down the quality  mid-cap growth  companies:  companies
with strong earnings, a strong balance sheet, a competitive edge, and management
ownership in the company.

                    CALL 1-800-557-2297, ext. 229  TODAY. 

                                                            (company logo)

*For more complete  information about the Bonnel Growth Fund,  including charges
and expenses, call 1-800-US-FUNDS or visit our Web site at www.us-global.com for
a free  prospectus.  Read it  carefully  before you invest or send  money.  Past
performance is no guarantee of future results.  Investment returns and principle
will fluctuate so that you may have a gain or loss when you sell shares. STU437


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