GT INVESTMENT PORTFOLIOS INC
497, 1995-06-27
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                                   [LOGO]
                            G.T. GLOBAL DOLLAR FUND:
                                 ADVISOR CLASS
      SUPPLEMENT TO PROSPECTUS DATED MARCH 1, 1995 AS REVISED JUNE 1, 1995

- --------------------------------------------------------------------------------

The following information supersedes and replaces the description of the Fund's
portfolio management team contained in the section of the Fund's Prospectus
entitled "Management":

"The investment professionals primarily responsible for the portfolio management
of the Fund are as follows:

                               GLOBAL DOLLAR FUND

<TABLE>
<CAPTION>
     NAME/OFFICE       RESPONSIBILITIES FOR THE FUND              BUSINESS EXPERIENCE LAST FIVE YEARS
- ---------------------  ------------------------------  ----------------------------------------------------------
<S>                    <C>                             <C>
Gary Kreps             Overall supervision             CHIEF INVESTMENT OFFICER -- Global Fixed Income
 San Francisco         since 1992                       Investments for G.T. Capital since 1992. From 1988 to
                                                        1992, Mr. Kreps was the Senior Vice President for Global
                                                        Fixed Income of Putnam Management Co. (Boston).

Jeffrey W. Gorman      Portfolio Manager               PORTFOLIO MANAGER for G.T. Capital since May 1995; Money
 San Francisco         since 1995                       Market Analyst and Trader for G.T. Capital since April
                                                        1994; Investment Operations Specialist for G.T. Capital
                                                        from February 1993 to April 1994; Financial Services
                                                        Representative for G.T. Capital from June 1992 to
                                                        February 1993; prior thereto, a student at the University
                                                        of California at Berkeley.

Joyce Ng               Assistant Research Analyst      ASSISTANT RESEARCH ANALYST -- Global Fixed Income for G.T.
 San Francisco         since 1995                       Capital since January 1995; Senior Financial Analyst for
                                                        G.T. Capital from April 1994 to January 1995; Pricing
                                                        Analyst for G.T. Capital from October 1990 to March 1994;
                                                        Mutual Fund Accountant for G.T. Capital from January 1990
                                                        to September 1990."
</TABLE>

                                                                   June 23, 1995


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