<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 reference to such annual report on Form N-SAR.
</LEGEND>
<CIK> 0000902042
<NAME> U.S. GLOBAL ACCOLADE FUNDS
<SERIES>
<NAME> REGENT EASTERN EUROPEAN FUND
<NUMBER> 4
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-START> NOV-01-1999
<PERIOD-END> OCT-31-2000
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 5171782
<INVESTMENTS-AT-VALUE> 4084810
<RECEIVABLES> 9435
<ASSETS-OTHER> 494
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4094739
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 48974
<TOTAL-LIABILITIES> 48974
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5804605
<SHARES-COMMON-STOCK> 458726
<SHARES-COMMON-PRIOR> 601482
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (671868)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1086972)
<NET-ASSETS> 4045765
<DIVIDEND-INCOME> 25114
<INTEREST-INCOME> 17449
<OTHER-INCOME> 210
<EXPENSES-NET> (288328)
<NET-INVESTMENT-INCOME> (245555)
<REALIZED-GAINS-CURRENT> 91573
<APPREC-INCREASE-CURRENT> 481865
<NET-CHANGE-FROM-OPS> 327883
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 166524
<NUMBER-OF-SHARES-REDEEMED> (309280)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1164457)
<ACCUMULATED-NII-PRIOR> (24748)
<ACCUMULATED-GAINS-PRIOR> (658375)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 70204
<INTEREST-EXPENSE> 38
<GROSS-EXPENSE> 288594
<AVERAGE-NET-ASSETS> 5616041
<PER-SHARE-NAV-BEGIN> 8.66
<PER-SHARE-NII> (.55)
<PER-SHARE-GAIN-APPREC> .71
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.82
<EXPENSE-RATIO> 5.13
</TABLE>
