U.S. GLOBAL ACCOLADE FUNDS
GLOBAL BLUE CHIP FUND
SUPPLEMENT DATED JUNE 16, 1999, TO THE
PROSPECTUS DATED MARCH 1, 1999
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The Board of Trustees for the U.S. Global Accolade Funds approved the
termination of the Global Blue Chip Fund, subject to shareholder approval.
In anticipation of shareholder approval, the Fund intends to deviate from its
investment objective as stated in its prospectus and to start disposing of its
portfolio securities and investing the proceeds in cash or cash equivalent
securities.
The Global Blue Chip Fund is closed to new investors and existing share holders
after the close of business on June 16, 1999.
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PAGE 18 - REDEMPTIONS BY THE FUND OF CERTAIN ACCOUNTS
Delete the first paragraph on page 18, "Redemptions by the Fund of Certain
Accounts," and replace with the following:
ACCOUNT MINIMUMS
To reduce its expenses, the Fund may redeem the shares in your
account if your balance drops below $5000 for any reason other
than share value decline. The Fund also may deduct a monthly $1
minimum balance fee (or the value of the account if less than
$1)from such accounts. Active ABC Investment Plan(R) accounts,
retirement accounts and custo dial accounts for minors are not
subject to these involuntary redemptions and balance fee
policies.
You will receive 30-day written notice before the Fund
undertakes any involuntary redemption. During that time, you
may buy more shares to bring your account above the minimum.
