GT GLOBAL FLOATING RATE FUND INC
DEFA14A, 1998-05-12
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                                GT GLOBAL FUNDS
                      GT GLOBAL FLOATING RATE FUND, INC.
                             50 California Street
                                  26th Floor
                            San Francisco, CA 94111

                                                                    MAY 11, 1998

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                   REMINDER: SPECIAL MEETING OF SHAREHOLDERS
                            TO BE HELD MAY 20, 1998

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Dear Shareholder:

Recently we distributed proxy material regarding the Special Meeting of 
Shareholders scheduled to take place on Wednesday, May 20, 1998. As of now, 
we have not yet received voting instructions from you. All votes are vital no 
matter how many shares you hold and YOUR SHARES CANNOT BE VOTED UNLESS WE 
RECEIVE YOUR EXECUTED BALLOT OR YOU ARE PRESENT AT THE MEETING! We urge you 
to act promptly in order to allow us to obtain a sufficient number of votes, 
and avoid the possibility of a meeting adjournment. In order for your vote to 
be represented, we must receive your vote on or before WEDNESDAY, MAY 20, 
1998.

For your convenience, we have established three easy methods by which to 
register your vote:

          1. BY PHONE:     Please call SHAREHOLDER COMMUNICATIONS CORPORATION 
                           toll free at 1-800-733-8481, EXTENSION "465". 
                           Operators will be available to take your vote 
                           Monday through Friday between the hours of 9:00 
                           a.m. and 11:00 p.m. Eastern Time.

          2. BY FAX:       Fax your proxy to us toll free at 1-800-733-1885, 
                           anytime.

          3. BY MAIL:      Return your executed proxy in the enclosed postage 
                           paid envelope. Please utilize this option only if 
                           methods 1 and 2 are both unavailable, as we may 
                           not receive your proxy by mail by May 20, 1998.

If you have any questions regarding the execution of your proxy, please call 
SHAREHOLDER COMMUNICATIONS CORPORATION at the above-mentioned number.


Thank you for your prompt attention.



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