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Total Annualized Returns as of 9/30/06	1-Year	3-Year	5-Year	10-Year
China Region Opportunity Fund (USCOX)	21.51%	22.66%	20.45%	4.24%

Performance data quoted above is historical. Past performance is no guarantee of future results. 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 fees described in the fund’s prospectus (e.g. short-term trading fees) 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. Please keep in mind that high double-digit and triple-digit returns are highly unusual and cannot be sustained. Recent returns were achieved during favorable market conditions, especially within the emerging markets sector. 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 China Region Opportunity Fund as a percentage of net assets as of 6/30/06: Fidelity Pacific Basin (0.00%); Excelsior Asia Pacific (0.00%); and T. Rowe Price New Asia (0.00%); McDonald's: (0.00%); Burger King: (0.00%); Pizza Hut: (0.00%).