WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This Financial Data Schedule contains summary financial information
extracted from the semi-annual report filed on Form N-SAR and is qualified
in its entirety by reference to such semi-annual report on Form N-SAR.
</LEGEND>
<CIK> 0000902042
<NAME> U.S. GLOBAL ACCOLADE FUNDS
<SERIES>
<NAME> BONNEL GROWTH FUND
<NUMBER> 1
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 06-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-START> NOV-01-1999
<PERIOD-END> APR-30-2000
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 231261728
<INVESTMENTS-AT-VALUE> 280609581
<RECEIVABLES> 31010028
<ASSETS-OTHER> 2105908
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 313725517
<PAYABLE-FOR-SECURITIES> 38060573
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 856074
<TOTAL-LIABILITIES> 38916647
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 147520769
<SHARES-COMMON-STOCK> 7733294
<SHARES-COMMON-PRIOR> 5321114
<ACCUMULATED-NII-CURRENT> (1548694)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 79488942
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 49347853
<NET-ASSETS> 274808870
<DIVIDEND-INCOME> 126922
<INTEREST-INCOME> 198785
<OTHER-INCOME> 56493
<EXPENSES-NET> (1930894)
<NET-INVESTMENT-INCOME> (1548694)
<REALIZED-GAINS-CURRENT> 79783864
<APPREC-INCREASE-CURRENT> 17432333
<NET-CHANGE-FROM-OPS> 95667503
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (24785515)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4347402
<NUMBER-OF-SHARES-REDEEMED> (2913592)
<SHARES-REINVESTED> 978370
<NET-CHANGE-IN-ASSETS> 140859899
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 24490593
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1316011
<INTEREST-EXPENSE> 262
<GROSS-EXPENSE> 1938017
<AVERAGE-NET-ASSETS> 264644285
<PER-SHARE-NAV-BEGIN> 25.17
<PER-SHARE-NII> (.20)
<PER-SHARE-GAIN-APPREC> 14.32
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (3.75)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 35.54
<EXPENSE-RATIO> 1.47
</TABLE>
