US Global Accolade Funds · 497 · On 5/17/96

Filed On 5/17/96   ·   SEC File 33-61542   ·   Accession Number 902042-96-31

Definitive Material   ·   Rule 497
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 497         Mf Advisor/Wall Street Digest Insert                   5±    19K 

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[FRONT COVER OF BROCHURE]                                                       
[GRAPHIC:  BLUE BACKGROUND WITH OVAL PEEP-HOLE OF ART BONNEL'S EYES AND NOSE]   

WHO IS ART BONNEL?

[LEFT SIDE OF BROCHURE]                                                         

[MOUNTAIN GRAPH PLOTTED FROM DATA IN TABLE BELOW]                               

                                                                · Download Table

               Compare the Bonnel Growth Fund to the Russell 2000               
               --------------------------------------------------               
                          PICTURE THE POWER OF GROWTH                           

                                   BONNEL GROWTH FUND       RUSSELL 2000        
                                   ------------------       ------------        
                                                                                
10/17/94 .........................   $   10,000.00          $   10,000.00       
10/30/94 .........................   $   10,010.00          $   10,001.18       
11/30/94 .........................   $   10,030.00          $    9,579.56       
12/30/94 .........................   $   10,120.09          $    9,819.19       
 1/30/95 .........................   $    9,898.78          $    9,670.16       
 2/28/95 .........................   $   10,522.48          $   10,062.75       
 3/30/95 .........................   $   10,975.17          $   10,208.26       
 4/30/95 .........................   $   11,458.03          $   10,439.27       
 5/30/95 .........................   $   11,528.45          $   10,560.07       
 6/30/95 .........................   $   12,715.50          $   11,123.86       
 7/30/95 .........................   $   14,264.70          $   11,735.42       
 8/30/95 .........................   $   14,164.10          $   11,893.56       
 9/30/95 .........................   $   14,918.58          $   12,173.00       
10/30/95 .........................   $   14,516.19          $   11,619.01       
11/30/95 .........................   $   14,848.16          $   12,103.11       
12/30/95 .........................   $   15,391.47          $   12,392.36       
 1/30/96 .........................   $   15,005.31          $   12,290.66       
 2/29/96 .........................   $   15,788.67          $   12,743.85       
 3/30/96 .........................   $   16,527.90          $   12,972.90       
 4/30/96 .........................   $   18,491.83          $   13,659.69       

---------------------------                                                     
 A $10,000 investment in                         BONNEL GROWTH FUND - $18,491.83
 the Bonnel Growth Fund is                             RUSSELL 2000 - $13,659.69
 worth $18,491.83 today.                                                        
---------------------------                                                     

--------------------
Powerful Performance
--------------------
ONE YEAR
54.10%
--------------------
 SINCE INCEPTION
44.61%
--------------------

WHO IS ART BONNEL?                                                              

Art Bonnel is the all-star  portfolio  manager of the Bonnel Growth Fund, United
Services' newest no-load growth stock fund.                                     

A manager  with a proven track  record,  Art Bonnel has been  expertly  managing
money for more than 25 years.  He has  served on the Board of  Directors  of the
Kansas City Board of Trade,  held a seat on a stock  exchange,  served as a bank
trust  officer  and  managed  his own  investment  advisory  firm.  Art earned a
Bachelor of Science degree in economics at the University of Nevada.            

WHAT ARE ART'S PAST SUCCESSES?                                                  

Art is not a stranger to success.  While  working  for another  fund group,  Art
managed  a  highly  rated  growth  mutual  fund.  He built a  reputation  on his
demonstrated  ability to select  top-quality growth companies from a universe of
stocks.  Now Art is putting this same stock selection strategy to work at United
Services in his namesake  fund.  Of course,  past  performance  can't  guarantee
future results.                                                                 

WHAT MAKES ART DIFFERENT FROM OTHER PORTFOLIO MANAGERS?                         

Art prefers to stay far away from the whisperings of Wall Street.  Two thousand,
two hundred  ninety-four miles away, to be exact. Art works from his home office
in Reno, Nevada, where he uses a computer and a staff of one-his wife, and chief
analyst,  Wanda-to sift through data on thousands of companies.  He doesn't even
own a Quotron  machine.  Gratefully far from the whisperings of Wall Street,  he
can focus on a stock's  growth  potential  rather than the Street's  latest "hot
tip."                                                                           

[RIGHT SIDE OF BROCHURE]                                                        

[GRAPHIC:  FULL-LENGTH PHOTOGRAPH OF ART BONNEL IN CENTER OF PAGE]              

HOW DOES HE CHOOSE STOCKS FOR HIS FUND'S PORTFOLIO?                             

One main factor drives Art's stock  selection  strategy--the  search for quality
growth companies.  Out of a universe of nearly 9,000 stocks,  only about 1% pass
Art's strict selection standards. Unlike many growth-oriented fund managers, Art
does not try to predict a  company's  future  earnings.  Instead,  he focuses on
year-to-year  trailing earnings growth and other indications of financial health
to find tomorrow's stock market winners today.                                  

Art has strict selection standards for the stocks he includes in the Fund.      

A company must:                                                                 
---------------                                                                 
* demonstrate  strong quality earnings from operations                          
* exhibit a strong balance sheet                                                
* be a leader within its market niche                                           
* employ a management team which owns a substantial stake in the company        
* show a favorable price-to-earnings ratio                                      

WHAT IS ART'S SECRET AMBITION?                                                  

Art says it best himself, "I LIKE TO BEAT OTHER FUND MANAGERS."                 

Thousands of investors and numerous leading  financial  publications  have taken
notice of Art Bonnel and the Bonnel Growth Fund.                                

-------------------------------------------                                     
THE BONNEL GROWTH FUND has been featured in                                     

The Wall Street Digest                                                          

Mutual Fund Advisor                                                             

William Donoghue's syndicated column                                            

Mutual Funds Magazine                                                           

Smart Money                                                                     

Louis Rukeyser's Mutual Funds                                                   

Investor's Business Daily                                                       

Individual Investor                                                             
-------------------------------------------                                     

BONNEL GROWTH FUND                                                              

Fund Assets:  $62 MILLION                                                       

Inception:  OCTOBER 17, 1994                                                    

Minimum Initial Investment: $5,000; OR USING THE ABC INVESTMENT PLAN(R), $1,000 
WITH AUTOMATIC MONTHLY INVESTMENTS OF $100 OR MORE.  NO MINIMUM FOR IRAS.       

Available through: UNITED SERVICES, CHARLES SCHWAB, FIDELITY, JACK WHITE        

[FRONT OF PERFORATED POSTCARD ATTACHED TO BOTTOM RIGHT]                         

YES!  I need to learn more about the benefits of the                            
Bonnel Growth Fund.  Please rush me a FREE investment guide today.              

____ Please enclose an IRA investment guide.                                    

Name ...........................................                                

Address.........................................                                

City, State, Zip Code...........................                                

Daytime Phone...................................                                

FOR IMMEDIATE RESPONSE CALL 1-800-557-2297, EXT. 612                            

[GRAPHIC:  UNITED SERVICES FUNDS LOGO BOTTOM RIGHT OF POSTCARD]                 

[BACK SIDE OF BROCHURE]                                                         

LOOK WHO IS TALKING ABOUT ART BONNEL AND THE BONNEL GROWTH FUND...              

"HE'S A FUND  MANAGER  YOU  CERTAINLY  WOULD  WANT  TO  KEEP ON A SHORT  LIST OF
MANAGERS YOU WOULD  CONSIDER  GIVING  MONEY TO." Don  Phillips,  Morningstar  in
Investor's Business Daily, October 1994                                         

"GIVEN HIS  EXCEPTIONALLY  STRONG  TRACK  RECORD,  HIS IS CLEARLY A STRIDE WORTH
OBSERVING." Louis Rukeyser, Louis Rukeyser's Mutual Funds, March 1995           

"THE FINANCIAL  WORLD'S MOST  SOUGHT-AFTER  FREE AGENT IN 1994." Louis Rukeyser,
Louis Rukeyser's Mutual Funds, March 1995                                       

"MONEY MANAGER  ARTHUR BONNEL IS TURNING HEADS ON WALL STREET,  ALL THE WAY FROM
HIS HOME IN RENO, NEVADA..." Individual Investor, September 1995                

"INVESTORS CAN TAKE COMFORT IN MR. BONNEL'S  PREVIOUS TENURE AS A MANAGER OF MIM
STOCK  APPRECIATION  FUND,  WHERE HE DOUBLED HIS CLIENTS' MONEY OVER FIVE YEARS,
AND EARNED THE FUND TOP RATINGS FROM  MORNINGSTAR,  KIPLINGER'S,  AND INVESTOR'S
BUSINESS DAILY." Individual Investor, December 1995                             

"BONNEL WAS HIGHLY SUCCESSFUL AT MANAGING THE MIM STOCK APPRECIATION FUND AND IS
ON THE ROAD TO DOING THE SAME WITH HIS NEW FUND AND IS AN  EXCELLENT  CHOICE FOR
ALMOST ANY PORTFOLIO."  William Donoghue,  Daily Journal of Commerce,  September
14, 1995                                                                        

"WHEN BONNEL SPEAKS,  MANY PEOPLE LISTEN.  HIS TRACK RECORD IS ONE OF THE FINEST
IN THE  BUSINESS  AND HE IS ONE OF THE FEW  PORTFOLIO  MANAGERS TO  CONSISTENTLY
OUTPERFORM THE S&P 500."  William Donoghue, May 1995                            

"BONNEL,  WHO CAME TO THE  COMPANY  AFTER  SEVEN  YEARS AS MANAGER OF THE WIDELY
RESPECTED MIM STOCK  APPRECIATION FUND, HAS ONE OF THE BEST TRACK RECORDS IN THE
BUSINESS." Smart Money, September 1995                                          

One of the "TOP TEN FUNDS FOR 1996." Mutual Funds Magazine, December 1995       

"...ART BONNEL, CHAMPION OF MIDCAP STOCKS." Liz Pulliam, Orange County Register,
April 1, 1996                                                                   

----------                                                                      
For  more  complete   information,   including   charges  and   expenses,   call
1-800-4-BONNEL  (800-426-6635).  Please  read the  prospectus  carefully  before
investing. Past performance is no guarantee of future results. Investment return
and principal value will fluctuate.  You may have a gain or a loss when you sell
shares.                                                                         

[BACK OF PERFORATED POSTCARD ATTACHED TO BOTTOM LEFT]                           
[GRAPHIC:  "NO POSTAGE NECESSARY IF MAILED IN THE UNITED STATES" LOGO TOP RIGHT]

BUSINESS REPLY MAIL 
FIRST-CLASS MAIL PERMIT NO. 394 SAN ANTONIO TX
POSTAGE WILL BE PAID BY ADDRESSEE 

BONNEL GROWTH FUND
PO BOX 29467
SAN ANTONIO TX 78229-9961 

[END OF POSTCARD]                                                               

"GROWTH  FUND  MANAGER  ART  BONNEL  EARNED A  REPUTATION  AS A  CONSISTENT  TOP
PERFORMER." Don Rowe, THE WALL STREET DIGEST, November 1995                     

Dates Referenced Herein   and   Documents Incorporated By Reference

This 497 Filing		Date		Other Filings
		10/17/94
		9/14/95
		4/1/96
Filed On / Filed As Of		5/17/96
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