<PAGE>
[LOGO]
G.T. GLOBAL DOLLAR FUND
SUPPLEMENT TO PROSPECTUS DATED
MARCH 1, 1995
(SUPPLANTING SUPPLEMENT DATED JUNE 23, 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 on
page 20 entitled "Management":
"The investment professionals primarily responsible for the portfolio management
of the Fund are as follows:
GLOBAL DOLLAR FUND
<TABLE>
<CAPTION>
RESPONSIBILITIES FOR BUSINESS EXPERIENCE
NAME/OFFICE THE FUND LAST FIVE YEARS
- ------------------------ --------------------- ---------------------------------------------------------------------
<S> <C> <C>
Gary Kreps Portfolio Manager Chief Investment Officer -- Global Fixed Income Investments for G.T.
San Francisco since 1992 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 Money Market Analyst and Trader for G.T. Capital from 1994 to 1995;
San Francisco since 1995 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."
</TABLE>
On page 22, under "Other Information -- Confirmations and Reports to
Shareholders," the following information should be inserted immediately prior to
the last sentence of the paragraph: "Under certain circumstances, duplicate
mailings of such reports to the same household may be consolidated."
The following revisions have been made relating to the eligibility requirements
for investing in Advisor Class shares of the G.T. Global Dollar Fund.
On page 10, under "The Class System -- Advisor Class Shares," section (b) is
amended to read "any account with assets of at least $25,000 if (i) a financial
planner, trust company... ," 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... ." The rest of the qualifications in (b) and (c) and the other
eligible groups described under sections (a), (d) and (e) in that paragraph
remain unchanged.
Under "Other Information -- Custodian and Accounting Agent," it should be noted
that effective July 1, 1995, G.T. Capital serves as the Fund's pricing and
accounting agent. The monthly fee for these services to G.T. Capital is a
percentage, not to exceed 0.03% annually, of the Fund's average daily net
assets. The annual fee rate is derived by applying 0.03% to the first $5 billion
of assets of all registered mutual funds advised by G.T. Capital ("G.T. Funds")
and 0.02% to the assets in excess of $5 billion and dividing the result by the
aggregate assets of the G.T. Funds.
DOLSU51004MC October 20, 1995
