UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of issuer: U.S. Global Accolade Funds
7900 Callaghan Road
San Antonio, Texas 78229
2. The name of each series or class of securities for which this Form is
filed. If the Form is being filed for all series and classes of
securities of the issuer, check the box but do not list series or
classes: [ X ]
3. Investment Company Act File Number: 800-7662
Securities Act File Number: 33-61542
4(a). Last day of fiscal year for which this Form is filed: October 31, 1997
4(b). [X] Check box if this Form is being filed late (i.e., more than 90
calendar days after the end of the issuer's fiscal year). See
Instruction A.2. Note: If the Form is being filed late, interest must
be paid on the registration fee due.
4(c). [ ] Check box if this is the last time the issuer will be filing this
Form.
5. Calculation of registration fee:
(i) Aggregate sale price of securities sold
during the fiscal year pursuant to section
24(f): ........................................ $22,122,084
(ii) Aggregate price of securities redeemed or
repurchased during the fiscal year: .. $10,269,487
(iii) Aggregate price of securities redeemed or
repurchased during any prior fiscal year
ending no earlier than October 11, 1995,
that were not previously used to reduce
registration fees payable to the Commission: .. N/A
(iv) Total available redemption credits [add
Items 5(ii) and 5(iii)]: ...................... $10,269,487
(v) Net sales--if Item 5(i) is greater than Item
5(iv) [subtract Item 5(iv) from Item 5(i)]: .. $11,852,597
(vi) Redemption credits available for use in
future years--if Item 5(i) is less than Item
5(iv) [subtract Item 5(iv) from Item 5(i)]: .. N/A
(vii) Multiplier for determining registration fee
(see Instruction C.9): ........................ x $0.000295
(viii) Registration fee due [multiply Item 5(v) by
Item 5(vii)]. Enter "0" if no fee is due. .... = $3,496.52
6. Prepaid Shares
If the response to Item 5(i) was determined by
deducting an amount of securities that were
registered under the Securities Act of 1933 pursuant
to rule 24e-2 as in effect before October 11, 1997,
then report the amount of securities (number of
shares or other units) deducted here: .................. N/A
If there is a number of shares or other units that
were registered pursuant to rule 24e-2 remaining
unsold at the end of the fiscal year for which this
form is filed that are available for use by the
issuer in future fiscal years, then state that number
here: .................................................. N/A
7. Interest due--if this Form is being filed more than
90 days after the end of the issuer's fiscal year.
See Instruction D. ..................................... + $3.35
8. Total of the amount of the registration fee due plus
any interest due [line 5(viii) plus line 7]: .... = $3,499.87
9. Date the registration fee and any interest payment
was sent to the Commission's lockbox depository:
February 5, 1998
(Date)
Method of Delivery: [X] Wire Transfer
Mail or other means
SIGNATURES
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.
By: /s/ Susan B. McGee
-----------------------------------
(Signature)
Susan B. McGee
Executive Vice President, Secretary
-----------------------------------
(Typed Name and Title)
Date: February 5, 1998
