USAA Recognized by Lipper and American Association of Individual Investors

Rankings and Ratings Based on Consistently Strong Performance and
Service
SAN ANTONIO--(Business Wire)--
USAA (www.usaa.com), a Fortune 200 financial services company,
today announced that it received industry accolades from Lipper and
the American Association of Individual Investors (AAII) for
consistently strong risk-adjusted returns and investment service.

"This is evidence of USAA's expertise in equity management," said
Chris Claus, President, USAA Financial Services Group. "For our
members who hold these funds currently, we believe they've made a wise
investment decision. For others we believe they should look to USAA to
help find the appropriate investment strategy for them."

In recognition of funds that deliver consistently strong
risk-adjusted returns, two USAA funds received two 2008 U.S. Lipper
Fund Awards for the period ending Dec. 31, 2007. These awards honored
the USAA Precious Metals and Minerals Fund and the USAA Capital Growth
Fund.

The USAA Precious Metals and Minerals Fund was ranked number one
out of 24 funds in the Gold-Oriented Funds category for the 10-year
period ending Dec. 31, 2007. The USAA Capital Growth Fund was ranked
number one out of 72 funds in the Global Multi-Cap Core Funds category
for the three-year period also ending Dec. 31, 2007.

The Lipper honors come on the heels of separate recognition of
USAA Brokerage Services. The American Association of Individual
Investors (AAII), an independent nonprofit organization providing
facts and knowledge about investing, ranked USAA Brokerage Services as
the top performer in three of six categories in their 2007 Annual
Guide to Discount Brokers. USAA Brokerage Services received more first
place rankings than any of the other 11 brokers listed in the survey,
receiving the top score in three categories: Trade Execution Speed,
Reliability for both Broker-Assisted and Electronic Trades and Overall
Satisfaction with Electronic Trades.

"Experienced USAA portfolio managers, analysts and traders all
work together to help our members ensure their financial security,"
said Claus. "That's reflected in the growth across all of our assets
under management, and as USAA continues to build upon its reputation
as an expert resource for long-term investors."

The USAA Precious Metals and Minerals Fund earned a 10-year
cumulative return of 659.49 percent, ending Mar. 31, 2008; the USAA
Capital Growth Fund earned a three-year cumulative return of 39.75
percent, ending Mar. 31, 2008.

-0-
*T
Average annual total returns for the period ending March 31, 2008:

Since Expense
1-year 5-year 10-year Inception Ratio
USAA Precious Metals and 08/15/1984 1.21%
Minerals Fund 34.25% 36.39% 22.48% 7.49%
------------------------ ------- ------- -------- ---------- ---------
Before:
1.47%
10/27/2000 After:
USAA Capital Growth Fund -2.36% 19.31% N/A 0.14% 1.20%
------------------------ ------- ------- -------- ---------- ---------
*T

The performance data quoted represents past performance and is no
guarantee of future results. Current performance may be higher or
lower than the performance data quoted. The return and principal value
of an investment will fluctuate, so that an investor's shares, when
redeemed, may be worth more or less than their original cost. For
performance data current to the most recent month-end, visit usaa.com.

Expense ratio represents the total annual operating expenses,
before reductions of any expenses paid indirectly, as reported in the
Fund's most current prospectus and is calculated as a percentage of
average net assets (ANA).

The after reimbursement expense ratio represents total annual
operating expenses, before reductions of any expenses paid indirectly
and excluding any acquired fund fees and expenses and any dividend
expenses on short sales, after reimbursement from USAA Investment
Management Company (IMCO) as reported in the Fund's current
prospectus. IMCO has voluntarily agreed to limit the Fund's total
annual operating expenses to 1.20%, before reductions of any expenses
paid indirectly and excluding any acquired fund fees and expenses and
any dividend expenses on short sales, and to reimburse the Fund for
expenses in excess of this amount. IMCO can modify or terminate this
arrangement at any time.

High double-digit or triple digit returns are highly unusual and
cannot be sustained. You should keep in mind that these returns were
primarily obtained during favorable market conditions.

Consider the investment objectives, risks, charges and expenses of
the USAA mutual funds carefully before investing. Contact us at
800-531-8910 for a prospectus containing this and other information
about the funds from USAA Investment Management Company, Distributor.
Read it carefully before investing.

About USAA

USAA, a diversified financial services company, is the leading
provider of financial planning, insurance, investments, and banking
products to members of the U.S. military and their families. Named by
BusinessWeek as the best in the nation for customer service in 2007
and 2008, USAA provides convenient and accessible financial products
to its 6.4 million members. For more information about USAA, or to
learn more about membership, visit www.usaa.com.

About Lipper

Lipper, a wholly-owned subsidiary of Reuters, provides independent
insight on global collective investments including mutual funds,
retirement funds, hedge funds, fund fees and expenses to the asset
management and media communities. Lipper is the world's leading fund
research and analysis organization covering over 177,000 share classes
and over 98,000 funds in 53 registered for sale (RFS) universes. It
provides the free Lipper Leader ratings for mutual funds registered
for sale in 27 countries. Additional information is available at
www.lipperweb.com.

About AAII

The American Association of Individual Investors (AAII) is an
independent nonprofit corporation formed in 1978 for the purpose of
assisting individuals in becoming effective managers of their own
assets through programs of education, information, and research.
Additional information available at www.aaii.com

Lipper ranked the USAA Precious Metals and Minerals Fund 6 out of
50 and 2 out of 44 Gold-Oriented funds for the 3- and 5-year periods,
respectively, and the USAA Capital Growth Fund 6 out of 54 Global
Multi-Cap Core funds for the 5-year period ending December 31, 2007.
The Lipper Fund Awards program highlights funds that have excelled in
delivering consistently strong risk-adjusted performance, relative to
peers. The Lipper Fund Awards are awarded to funds in 21 countries in
Asia, Europe, and the Americas. Lipper designates award-winning funds
in most individual classifications for the three-, five-, and ten-year
periods. In addition, the Lipper Fund Awards program spotlights fund
families with high average scores for all funds within a particular
asset class or overall. Past performance is no guarantee of future
results.

The American Association of Individual Investors (AAII) is an
independent nonprofit association whose purpose is to help its members
become effective managers of their own assets through programs of
education, information and research. The 2007 Survey, reported in the
February 2008 issue of the AAII Journal, asked its members to identify
and then rate their discount brokers for trade price, execution speed,
reliability and overall satisfaction. USAA was ranked #4 for trade
price, and #1 for trade execution speed, reliability (both
broker-assisted and electronic trades) and #1 for overall satisfaction
for electronic trades. In the 2006 Survey, USAA was ranked #1 for
overall satisfaction and #2 for trade price, execution speed and
reliability. 52 firms were covered and the 12 most popular brokers
(those for whom 10 or more member responses were received) were ranked
based on member ratings. Go to www.AAII.com for more information.

Foreign and precious metals and minerals investing are subject to
additional risks, such as currency fluctuations, market illiquidity,
and political instability.

USAA Brokerage Services is a division of USAA Financial Advisors,
Inc., a registered broker dealer.

USAA
Kristen McCarthy, 312-233-1237
or
Dan Susong, 512-634-3646

Copyright Business Wire 2008