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Welcome to U.S. Global Investors, Inc. - Family of Mutual Funds
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4th Quarter 1999

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
Frank Holmes, chairman and CEO of U.S. Global Investors reviews what is happening in the stock market and how to invest in volatile markets.

Do You Pay State Income Taxes?
Read more about how you may earn a higher after-tax yield with the U.S. Government Securities Savings Fund.

IRA choices
Find out about the variety of individual retirement accounts (IRA) offered.

Recommended Reading
Read about two new financial books that can help you with your financial planning.

Special Report on Retirement
Read more about retirement and retirement planning.

Retire? Are You Crazy?
Nancy Holmes, Editor-At Large Worth magazine, gives her views on retirement.

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