<PAGE>
[LOGO]
G.T. GLOBAL: AMERICA VALUE FUND
ADVISOR CLASS
G.T. GLOBAL: AMERICA SMALL CAP GROWTH FUND
ADVISOR CLASS
SUPPLEMENT TO PROSPECTUS DATED
OCTOBER 18, 1995
- --------------------------------------------------------------------------------
The following revisions have been made relating to (1) the eligibility
requirements for investing in Advisor Class shares of each of the G.T. Global:
America Value Fund and the G.T. Global: America Small Cap Growth Fund, and (2)
involuntary redemption of such shares.
On page 3, under "Prospectus Summary -- Advisor Class Shares," and on page 12,
under "How to Invest -- General," section (b) is amended to read "any account
with assets of at least $25,000 if (i) a financial planner, trust company, bank
trust department or registered investment adviser has investment discretion over
such account, and (ii) the account holder pays such person as compensation for
its advice and other services an annual fee of at least .50% on the assets in
the account;" and section (c) is amended to read "any account with assets of at
least $25,000 if (i) such account is established under a 'wrap fee' program and
(ii) the account holder pays the sponsor of such program an annual fee of at
least .50% on the assets in the account." The other eligible groups described
under sections (a), (d) and (e) in that paragraph remain unchanged.
The following information should be inserted at the end of the first paragraph
in the section of the Funds' Prospectus entitled "How To Invest" on page 12:
"Investors may be charged a fee by their brokers or agents if they effect
transactions other than through a dealer."
The minimum initial investment for each Fund is $500. Subsequent purchase
minimum is $100. On page 16, under paragraph four of the heading "Other
Important Redemption Information," the Funds and G.T. Global Financial Services,
Inc. each reserves the right to redeem the shares of any investor whose
investment is reduced, by reason of redemptions, to less than $500 in the Fund.
AMESX510005MC October 20, 1995
