U S GLOBAL ACCOLADE FUNDS
NSAR-A, 1998-06-29
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<PAGE>      PAGE  1
000 A000000 04/30/98
000 C000000 0000902042
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 U.S. GLOBAL ACCOLADE FUNDS
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001 C000000 2103081234
002 A000000 7900 CALLAGHAN ROAD
002 B000000 SAN ANTONIO
002 C000000 TX
002 D010000 78229
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
007 C010100  1
007 C020100 BONNEL GROWTH FUND
007 C030100 N
007 C010200  2
007 C020200 MEGATRENDS FUND
007 C030200 N
007 C010300  3
007 C020300 ADRIAN DAY GLOBAL OPPORTUNITY FUND
007 C030300 N
007 C010400  4
007 C020400 REGENT EASTERN EUROPEAN FUND
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
010 A00AA01 BROWN BROTHERS HARRIMAN & CO.
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010 C03AA01 02109
012 A00AA01 UNITED SHAREHOLDER SERVICES, INC
012 B00AA01 84-01260
012 C01AA01 SAN ANTONIO
012 C02AA01 TX
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013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 HOUSTON
<PAGE>      PAGE  2
013 B02AA01 TX
013 B03AA01 77002
015 A00AA01 BROWN BROTHERS HARRIMAN & CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02109
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   15
019 C00AA00 USGLOBALIN
020 A000001 FAHNESTOCK & CO INC
020 B000001 13-5657518
020 C000001    108
020 A000002 DAKIN SECURITIES CORP
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020 A000003 CIBC OPPENHEIMER CORP
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020 C000003     46
020 A000004 DAIN BOSWORTH INC
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
033  00AA00      0
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054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
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054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
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054 N00AA00 N
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<PAGE>      PAGE  5
086 A010000      0
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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008 B000201 A
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008 D010201 SAN ANTONIO
008 D020201 TX
008 D030201 78229
008 A000202 MONEY GROWTH INSTITUTE
008 B000202 S
008 C000202 801-4565
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008 D020202 NY
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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051  000200 N
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066 A000200 Y
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070 D020200 N
070 E010200 N
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070 F010200 Y
070 F020200 N
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070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
<PAGE>      PAGE  12
070 K010200 Y
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070 L010200 Y
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
070 F010300 Y
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070 Q020300 N
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070 R020300 N
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<PAGE>      PAGE  17
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008 A000401 U.S. GLOBAL INVESTORS, INC.
008 B000401 A
<PAGE>      PAGE  18
008 C000401 801-4868
008 D010401 SAN ANTONIO
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008 D030401 78229
008 A000402 REGENT FUND MANAGEMENT LIMITED
008 B000402 S
008 C000402 801-40699
008 D010402 DOUGLAS
008 D050402 ISLE OF MAN
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<PAGE>      PAGE  19
042 H000400 100
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048 D010400        0
048 D020400 0.000
048 E010400        0
048 E020400 0.000
048 F010400        0
048 F020400 0.000
048 G010400        0
048 G020400 0.000
048 H010400        0
048 H020400 0.000
048 I010400        0
048 I020400 0.000
048 J010400        0
048 J020400 0.000
048 K010400        0
048 K020400 0.000
049  000400 N
050  000400 N
051  000400 N
052  000400 N
053 A000400 Y
053 B000400 Y
055 A000400 N
055 B000400 N
056  000400 Y
057  000400 N
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 Y
066 E000400 N
066 F000400 N
066 G000400 N
067  000400 N
068 A000400 N
068 B000400 Y
069  000400 N
070 A010400 Y
<PAGE>      PAGE  20
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 N
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 Y
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400      3303
071 B000400      2357
071 C000400      6854
071 D000400   69
072 A000400  6
072 B000400       62
072 C000400        9
072 D000400        0
072 E000400        0
072 F000400       65
072 G000400        0
072 H000400        0
072 I000400       14
072 J000400        7
072 K000400        0
072 L000400        7
<PAGE>      PAGE  21
072 M000400        4
072 N000400       17
072 O000400        0
072 P000400        0
072 Q000400       28
072 R000400       16
072 S000400        3
072 T000400       11
072 U000400        0
072 V000400        0
072 W000400        6
072 X000400      178
072 Y000400       33
072 Z000400      -74
072AA000400      103
072BB000400        0
072CC010400      499
072CC020400        0
072DD010400        7
072DD020400        0
072EE000400       41
073 A010400   0.0100
073 A020400   0.0000
073 B000400   0.0500
073 C000400   0.0000
074 A000400      158
074 B000400     1735
074 C000400        0
074 D000400        0
074 E000400        0
074 F000400     8008
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400     1598
074 K000400        0
074 L000400       77
074 M000400        4
074 N000400    11580
074 O000400     1744
074 P000400        8
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400        7
074 S000400        0
074 T000400     9821
074 U010400      832
074 U020400        0
074 V010400    11.80
<PAGE>      PAGE  22
074 V020400     0.00
074 W000400   0.0000
074 X000400     1252
074 Y000400        0
075 A000400        0
075 B000400     9081
076  000400     0.00
SIGNATURE   CATHERINE VACCA                              
TITLE       DEPUTY MANAGER      
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

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THIS FINANCIAL DATA SCHEDULE CONTAINS SUMMARY		
FINANCIAL INFORMATION EXTRACTED FROM THE ANNUAL		
REPORT FILED ON FORM N-SAR AND IS QUALIFIED IN ITS		
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

		
		
		
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THIS FINANCIAL DATA SCHEDULE CONTAINS SUMMARY		
FINANCIAL INFORMATION EXTRACTED FROM THE ANNUAL		
REPORT FILED ON FORM N-SAR AND IS QUALIFIED IN ITS		
ENTIRETY BY REFERNCE TO SUCH ANNUAL REPORT ON FORM N-SAR.		
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

		
		
		
<ARTICLE>	6	
<LEGEND>		
THIS FINANCIAL DATA SCHEDULE CONTAINS SUMMARY		
FINANCIAL INFORMATION EXTRACTED FROM THE ANNUAL		
REPORT FILED ON FORM N-SAR AND IS QUALIFIED IN ITS		
ENTIRETY BY REFERNCE TO SUCH ANNUAL REPORT ON FORM N-SAR.		
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     <NUMBER>		
     <NAME>	Adrian Day Global Opportunity Fund	
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<TABLE> <S> <C>

		
		
		
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THIS FINANCIAL DATA SCHEDULE CONTAINS SUMMARY		
FINANCIAL INFORMATION EXTRACTED FROM THE ANNUAL		
REPORT FILED ON FORM N-SAR AND IS QUALIFIED IN ITS		
ENTIRETY BY REFERNCE TO SUCH ANNUAL REPORT ON FORM N-SAR.		
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