<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> MEGATRENDS FUND
<NUMBER> 2
<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> 13670576
<INVESTMENTS-AT-VALUE> 17706621
<RECEIVABLES> 827588
<ASSETS-OTHER> 665
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 18534874
<PAYABLE-FOR-SECURITIES> 688173
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 70620
<TOTAL-LIABILITIES> 758793
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12278877
<SHARES-COMMON-STOCK> 1436564
<SHARES-COMMON-PRIOR> 1621528
<ACCUMULATED-NII-CURRENT> (5816)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1466975
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4036045
<NET-ASSETS> 17776081
<DIVIDEND-INCOME> 162753
<INTEREST-INCOME> 121285
<OTHER-INCOME> 1178
<EXPENSES-NET> (402094)
<NET-INVESTMENT-INCOME> (116878)
<REALIZED-GAINS-CURRENT> 1577833
<APPREC-INCREASE-CURRENT> 2723523
<NET-CHANGE-FROM-OPS> 4184478
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (1656853)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 110534
<NUMBER-OF-SHARES-REDEEMED> (457081)
<SHARES-REINVESTED> 161583
<NET-CHANGE-IN-ASSETS> 323349
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1657145
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 174599
<INTEREST-EXPENSE> 49
<GROSS-EXPENSE> 405072
<AVERAGE-NET-ASSETS> 17444242
<PER-SHARE-NAV-BEGIN> 10.76
<PER-SHARE-NII> (.08)
<PER-SHARE-GAIN-APPREC> 2.74
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.05)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.37
<EXPENSE-RATIO> 2.31
</TABLE>
