GT GLOBAL SERIES TRUST
497, 1997-12-22
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                          GT GLOBAL NEW DIMENSION FUND
 
               SUPPLEMENT TO PROSPECTUS DATED SEPTEMBER 10, 1997
 
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WITH  RESPECT TO GT  GLOBAL NEW DIMENSION  FUND, SALES CHARGE  WAIVERS (VII) AND
(XI) DESCRIBED UNDER "HOW TO INVEST -- PURCHASING CLASS A SHARES -- SALES CHARGE
WAIVERS -- CLASS A SHARES" ARE SUPERSEDED BY THE FOLLOWING WAIVERS:
 
(vii) Registered investment advisers, trust companies and bank trust departments
exercising DISCRETIONARY investment authority  with respect to  the money to  be
invested  in  the GT  Global  Mutual Funds  provided  that the  aggregate amount
invested pursuant to this sales charge waiver is at least $500,000.
 
(xi) Accounts  for which  a financial  institution or  broker/dealer charges  an
account  management fee, provided the financial institution or broker/dealer has
entered into an agreement with GT Global regarding such accounts.
 
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GROST706033M                                                   December 22, 1997


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