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Total Annualized Returns as of 12/31/07	1-Year	5-Year	10-Year	Gross Expense Ratio
Global MegaTrends Fund (MEGAX)	24.54%	17.92%	6.88%	2.61%

Gross expense ratio as stated in the most recent prospectus.  Performance data quoted above is historical. Past performance is no guarantee of future results. Results reflect the reinvestment of dividends and other earnings.  Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance does not include the effect of any direct fees described in the fund’s prospectus (e.g., short-term trading fees, if applicable, of up to 0.25%) which, if applicable, would lower your total returns.  Obtain performance data current to the most recent month-end at www.usfunds.com or 1-800-US-FUNDS, option 5. High double-digit returns are attributable, in part, to unusually favorable market conditions and may not be repeated or consistently achieved in the future.

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.

All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk.

Holdings in the Global MegaTrends Fund as a percentage of net assets as of December 31, 2007: ProShares UltraShort Dow30 (0.00%); Schlumberger (3.95%); General Electric (3.05%); Berkshire Hathaway (3.95%)