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Welcome to U.S. Global Investors, Inc. - Family of Mutual Funds
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2nd Quarter 2000

Are you interested in learning more about investing in mutual funds, retirement planning, asset allocation or investing in general? Read some of the latest articles from our quarterly Shareholder Report. Our newsletter provides investors with financial solutions, insights from money managers and global perspectives on investing.

If you would like to receive a current issue of our Shareholder Report, please call an investor representative at 1-800-US-FUNDS.

Dear Shareholder
Chairman, CEO and Chief Investment Officer Frank Holmes discusses market volatility and international events affecting investment opportunities.

Techie Talk
A glossary of terms for the Information Technology illiterate.

Who is in Control?
A column on market conditions provides an analysis of various industry sectors as well as a discussion of market valuations and mutual fund activity, by Research Director Michael Ingraham, Ph.D.

Get your money working, women!
This new feature includes a list of the most important documents you need access to when beginning to take control of your personal finances.

Important notice regarding delivery of shareholder documents
Shareholders will now receive one copy per household of required mailings, such as prospectuses, semi-annual reports and annual reports.

Children & Investing
Parents are encouraged to consider their children's future financial welfare by establishing UGMA/UTMA accounts and using the ABC Investment Plan®.

Financial Solutions: Funding a college education
This article explains the provisions and benefits of establishing a Uniform Gift to Minors Act (UGMA) or Uniform Transfer to Minors Act (UTMA) account to assist in funding a college education.

Expert Insight - Customized financial advice just a click away
Author and financial columnist Terry Savage shines the spotlight on several online financial planning tools that can assist in financial decision-making.

Past Issues
Would you like to read some of the articles in past issues of the Shareholder Report? You can read selected articles from several of the most recent Shareholder's Report.

1st Quarter 2002
4th Quarter 2001
3rd Quarter 2001
2nd Quarter 2001
1st Quarter 2001
4th Quarter 2000
3nd Quarter 2000
1st Quarter 2000
4th Quarter 1999
3rd Quarter 1999
2nd Quarter 1999
1st Quarter 1999
4th Quarter 1998