EXHIBIT 21
          SUBSIDIARIES OF THE COMPANY, JURISDICTION OF INCORPORATION,
                           AND PERCENTAGE OF OWNERSHIP



1.   United Shareholder Services, Inc. - incorporated in Texas and wholly owned
     by the Company

2.   A & B Mailers, Inc. - incorporated in Texas and wholly owned by the Company

3.   U.S. Global Investors (Guernsey) Limited - incorporated in Guernsey,
     Channel Islands, and wholly owned by the Company

4.   U.S. Global Brokerage, Inc. - incorporated in Texas and wholly owned by the
     Company

5.   i-Weblabs, Inc. - incorporated in Texas and wholly owned by the Company