XXXXXXX, PROCTER & XXXX
A PARTNERSHIP INCLUDING PROFESSIONAL CORPORATIONS
COUNSELLORS AT LAW
EXCHANGE PLACE
BOSTON, MASSACHUSETTS 02109-2881
TELEPHONE (000) 000-0000
TELECOPIER (000) 000-0000
TELEX 94-0640
XXXXX-XXXXXXXXX.XXXXXX
August 30, 1990
United Services Funds
0000 Xxxxxxx Xxxx, 00000 XX 00 Xxxx
Xxx Xxxxxxx, XX 00000-3340
Gentlemen:
As counsel to United Services Funds (the "Trust"), a Massachusetts business
trust, we have been asked to render our opinion with respect to the issuance of
an indefinite number of shares of beneficial interest, no par value, of the
Trust (the "Shares") representing interests in U.S. Gold Shares Fund, U.S. Good
and Bad Times Fund, U.S. Global Resources Fund, U.S. Treasury Securities Fund,
U.S. Growth Fund, U.S. Income Fund, U.S. Tax Free Fund, U.S. LoCap Fund, U.S.
New Prospector Fund, U.S. GNMA Fund, U.S. Real Estate Fund, U.S. California
Double Tax Free Fund and U.S. Vision 2020 Fund, thirteen series of the Trust, as
more fully described in the Prospectuses and Statements of Additional
Information contained in Post-Effective Amendment No. 59 (the "Amendment") to
the Trust's Registration Statement No. 33-35439 on Form N-1A (the U.S. Treasury
Securities Fund, U.S. LoCap Fund, U.S. New Prospector Fund and U.S. GNMA Fund
being referred to therein as the U.S. Treasury Cash Fund, U.S. European Equity
Fund, U.S. World Gold Fund and U.S. Government Securities Savings Fund,
respectively).
We have examined the Master Trust Agreement of the Trust dated July 31,
1984, as amended, the By-laws of the Trust, as amended, the records of certain
meetings and written consents of the Trustees of the Trust, each Prospectus and
Statement of Additional Information contained in the Amendment, and such other
documents, records and certificates as we have deemed necessary for the purposes
of this opinion.
Based upon the foregoing, we are of the opinion that the Trust has been
duly organized and is validly existing pursuant to the laws of the Commonwealth
of Massachusetts, with authority to issue the Shares, and that the Shares, when
sold in accordance with the terms of each Prospectus and Statement of Additional
Information in effect at the time of sale, will be legally issued, fully paid
and non-assessable by the Trust.
XXXXXXX, XXXXXXX & XXXX
United Services Funds
August 28, 1990
Page 2
We hereby consent to being named in each Prospectus and Statement of
Additional Information and to the filing of this opinion as an exhibit to the
Amendment.
Very truly yours,
/s/ Xxxxxxx, Xxxxxxx & Xxxx
XXXXXXX, XXXXXXX & XXXX
XX-0505/U
