<PAGE>
[LOGO]
G.T. GLOBAL GROWTH FUNDS: ADVISOR CLASS
SUPPLEMENT TO PROSPECTUS DATED MARCH 1, 1995, AS REVISED JUNE 1, 1995
- --------------------------------------------------------------------------------
The following policies have been adopted relating to how each of the G.T. Global
Growth Funds ("Funds") seeks its objective of long-term growth of capital: Each
Fund will seek its objective by investing, under normal circumstances, at least
65% of its assets in equity securities of issuers domiciled in its Primary
Investment Area, as listed on page 18 in the prospectus. Each Fund may also
invest up to 35% of its assets in (1) the equity securities of issuers domiciled
outside of its Primary Investment Area, including, E.G., (a) securities of
issuers in countries that are not located in the Primary Investment Area but are
linked by tradition, economic markets, cultural similarities or geography to the
countries in such Primary Investment Area; and (b) securities of issuers located
elsewhere in the world which have operations in the Primary Investment Area or
which stand to benefit from political and economic events in the Primary
Investment Area; and (2) convertible bonds and debt securities. These policies
replace the previous policies reflected on page four, paragraph three, sentence
one; page 18, paragraph one, sentence two; page 18, paragraph four, sentences
one and two; and page 19, paragraph two, sentence one. Under these previous
policies, at least 80% of a Fund's assets, under normal circumstances, were
invested in equity securities of issuers in its Primary Investment Area and only
20% of its assets could be invested otherwise.
These policy changes are effective July 1, 1995.
July 1, 1995
GRWSX506030MC
