Ratings are based on risk-adjusted return as of 9/30/06. The Overall Morningstar Rating for a fund is derived from a weighted-average of the performance fi gures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance does not guarantee future results.

	Eastern European Fund Morningstar Overall, 3-year and 5-year Ratings.™ Among 104, 104, and 85 Europe Stock funds, the Eastern European Fund earned 5 stars, 5 stars and 5 stars for the overall, 3-, and 5-year periods ending 9/30/06.		All American Equity Fund Morningstar 3-year Rating.™ Among 1393, 1393, 1092 and 415 Large Growth funds, the All American Equity Fund earned 3 stars, 4 stars, 3 stars and 3 stars for the overall, 3-, 5- and 10-year periods ending 9/30/06.
	Global Resources Fund Morningstar 3-year and 5-year Ratings.™ Among 99, 99, 83 and 41 Specialty-Natural Resource funds, the Global Resources Fund earned 4 stars, 5 stars, 5 stars and 3 stars for the overall, 3-, 5- and 10-year periods ending 9/30/06.		The Gold Shares Fund Morningstar 3-year Rating.™ Among 58, 58, 46 and 30 Specialty-Precious Metals funds, the Gold Shares Fund earned 2 stars, 4 stars, 3 stars and 1 star for the overall, 3-, 5- and 10-year periods ending 9/30/06.
	World Precious Minerals Fund Morningstar 3-year and 5-year Ratings.™ Among 58, 58, 46 and 30 Specialty-Precious Metals funds, the World Precious Minerals Fund earned 4 stars, 5 stars, 5 stars and 2 stars for the overall, 3-, 5- and 10-year periods ending 9/30/06.		Tax Free Fund Morningstar 3-year Rating.™ Among 234, 234, 187 and 120 Municipal National Intermediate funds, the Tax Free Fund earned 3 stars, 4 stars, 3 stars and 3 stars for the overall, 3-, 5- and 10-year periods ending 9/30/06.
	MegaTrends Fund Morningstar 3-Year Rating.™ Among 1393, 1393, 1092 and 415 Large Growth funds, the MegaTrends Fund earned 4 stars, 5 stars, 4 stars and 4 stars for the overall, 3-, 5- and 10-year periods ending 9/30/06.		Near-Term Tax Free Fund Morningstar Overall, 3-year, 5-year and 10-year Ratings.™ Among 122, 122, 86 and 58 Municipal National Short-Term funds, the Near-Term Tax Free Fund earned 4 stars, 4 stars, 4 stars and 4 stars for the overall, 3-, 5- and 10-year periods ending 9/30/06.

Please consider carefully the fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting www.usfunds.com or by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully before investing. Distributed by U.S. Global Brokerage, Inc.

Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. Gold funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The price of gold is subject to substantial price fl uctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 3% to 5% of your portfolio in gold or gold stocks. Tax-exempt Income is federal income tax free. A portion of this income may be subject to state and local income taxes, and if applicable, may subject certain investors to the Alternative Minimum Tax as well. Bond funds are subject to interest-rate risk; their value declines as interest rates rise. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)