15 NO-LOAD FUNDS
INVESTING WORLD-
WIDE SINCE 1974
o blue-chip stocks
o tax-free bonds
o real estate
o emerging markets
o natural resources
o precious metals
o money markets
1-800-873-3639
option 2
www.usfunds.com
[Graphics: USGI Logo]
THE BONNEL
GROWTH FUND
PORTFOLIO MANAGER - ART BONNEL OF BONNEL, INC.,
an investment advisory firm based in Reno,
Nevada. Bonnel has managed money since 1970.
STYLE - Small and mid-cap domestic equities
OBJECTIVE - Seeks long-term gains by investing
in companies with strong earnings, a strong
balance sheet, an edge on the competitors, and
management's ownership in its own company.
PERFORMANCE to 6/30/98
1 year 22.20%
3 year 23.52%
Inception (10/17/94) 26.58%
TICKER SYMBOL: ACBGX
REGENT
EASTERN
EUROPEAN FUND
PORTFOLIO MANAGEMENT TEAM - DOMINIC BOKOR-
INGRAM heads the Regent Fund Management team
from London. Regent is a proven specialist in
emerging markets money management since 1992.
STYLE - Primarily large-cap Eastern
European/Russian equities
OBJECTIVE - Seeks long-term capital appreciation
by investing in a broad spectrum of equity securi-
ties in the former Eastern Bloc countries.
RISK/REWARD - Mass privatization has given way to
a free market economy. Low valuations along with
continuing economic reform is fueling Eastern
Europe/Russia. Keep in mind, investing in emerg-
ing markets involves speculative investments and
special risks which are discussed in the prospectus.
TICKER SYMBOL: EUROX
For more complete information about these funds including charges and expenses,
please call 1-800-873-3639 or visit our web site to obtain a prospectus. Read it
carefully before you invest or send money. Past performance is no guarantee of
future results. Investment returns and principal will fluctuate so that you may
have a gain or loss when you sell shares. ICFP319
