<PAGE>
[LOGO]
G.T. GLOBAL DOLLAR FUND:
ADVISOR CLASS
SUPPLEMENT TO PROSPECTUS DATED
MARCH 1, 1995, AS REVISED JUNE 1, 1995
SUPPLANTING SUPPLEMENT DATED JUNE 23, 1995
- --------------------------------------------------------------------------------
The following revisions have been made relating to (1) the eligibility
requirements for investing in Advisor Class shares of the G.T. Global Dollar
Fund, and (2) involuntary redemption of such shares.
On page 3, under "Prospectus Summary -- Advisor Class Shares," and on page 10,
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 Fund's Prospectus entitled "How To Invest" on page 10:
"Investors may be charged a fee by their agent or broker if they effect
transactions other than through a dealer."
The minimum initial investment for the Fund is $500. Subsequent purchase minimum
is $100. On page 13, under paragraph four of the heading "Other Important
Redemption Information," the Fund 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.
Under "Other Information -- Confirmations and Reports to Shareholders" on page
18, 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."
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.
On the Advisor Class Account Application, under the heading "Fund Selection,"
the minimum initial investment has been changed to $500 per Fund.
<PAGE>
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 16 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>
October 20, 1995
DOLSX51020MC
