<PAGE>
[LOGO]
G.T. GLOBAL DOLLAR FUND
SUPPLEMENT TO PROSPECTUS DATED MARCH 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
<PAGE>
[LOGO] G.T. GLOBAL DOLLAR FUND
PROSPECTUS -- MARCH 1, 1995
- --------------------------------------------------------------------------------
G.T. GLOBAL DOLLAR FUND ("Fund") is a professionally managed money market fund,
organized as a diversified series of G.T. Investment Portfolios, Inc.
("Company"), seeking maximum current income consistent with liquidity and
conservation of capital.
The Fund has the flexibility to invest in a wide variety of high quality, U.S.
dollar-denominated money market instruments. These instruments include those
issued by the U.S. and foreign governments, their agencies and
instrumentalities; high quality U.S. and non-U.S. corporate obligations; and
high quality instruments of U.S. and foreign banks. There can be no assurance
that the Fund will achieve its investment objective.
The Fund's investment manager, G.T. CAPITAL MANAGEMENT, INC. ("G.T. Capital"),
is a part of the G.T. Group, a leading international investment advisory
organization with offices throughout the world that long has emphasized global
investment.
AN INVESTMENT IN THE FUND IS NEITHER INSURED NOR GUARANTEED BY THE U.S.
GOVERNMENT. THERE CAN BE NO ASSURANCE THAT THE FUND WILL BE ABLE TO MAINTAIN A
STABLE NET ASSET VALUE OF $1.00 PER SHARE.
An investment in the G.T. Global Dollar Fund offers the following advantages:
/ / Professional Management by a Leading Manager with Offices in the World's
Major Markets
/ / No Sales Charges on Purchases of Class A Shares
/ / Daily Dividends
/ / Automatic Dividend Reinvestment at No Sales Charge
/ / Checkwriting Privileges
/ / Low $500 Minimum Investment
/ / Automatic Investment Plan
/ / Systematic Withdrawal Plan
This Prospectus sets forth concisely the information an investor should know
before investing and should be read carefully and retained for future reference.
A Statement of Additional Information, dated March 1, 1995, has been filed with
the Securities and Exchange Commission ("SEC") and, as amended or supplemented
from time to time, is incorporated herein by reference. The Statement of
Additional Information is available without charge by writing to G.T. Global
Dollar Fund at 50 California Street, San Francisco, California 94111, or calling
(800) 824-1580.
FUND SHARES ARE NOT DEPOSITS OR OBLIGATIONS OF, OR ENDORSED OR GUARANTEED BY,
ANY BANK, NOR ARE THEY FEDERALLY INSURED OR OTHERWISE PROTECTED BY THE FEDERAL
DEPOSIT INSURANCE CORPORATION, THE FEDERAL RESERVE BOARD, OR ANY OTHER AGENCY.
FOR FURTHER INFORMATION, CONTACT (800) 824-1580 OR YOUR STOCKBROKER.
- --------------------------------------------------------------------------------
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION, NOR HAS
THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES
COMMISSION PASSED ON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS.
ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Prospectus Page 1
<PAGE>
G.T. GLOBAL DOLLAR FUND
TABLE OF CONTENTS
- ------------------------------------------------------------
<TABLE>
<CAPTION>
Page
---------
<S> <C>
Prospectus Summary........................................................................ 3
Financial Highlights...................................................................... 6
Investment Objective and Policies......................................................... 7
The Class System.......................................................................... 9
How to Invest............................................................................. 11
How to Make Exchanges..................................................................... 13
How to Redeem Shares...................................................................... 14
Shareholder Account Manual................................................................ 18
Calculation of Net Asset Value............................................................ 19
Dividends and Taxes....................................................................... 19
Management................................................................................ 20
Other Information......................................................................... 22
</TABLE>
Prospectus Page 2
<PAGE>
G.T. GLOBAL DOLLAR FUND
PROSPECTUS SUMMARY
- ------------------------------------------------------------
The following summary is qualified in its entirety by the more detailed
information appearing in the body of this Prospectus. Cross-references in this
summary are to headings in the body of the Prospectus.
<TABLE>
<S> <C> <C>
Investment Objective: Maximum current income consistent with liquidity and conservation
of capital
Principal Investments: Invests in a wide variety of high quality U.S. dollar-denominated
money market instruments of U.S. and non-U.S. issuers
Investment Manager: G.T. Capital, part of the G.T. Group, a leading international
investment advisory organization with over $22 billion under
management
Sales Charges: No sales charges are imposed on sales of Class A shares of the
Fund. Class B shares, which may be obtained only through an
exchange of shares of the corresponding class of other G.T. Global
Mutual Funds, may be subject to a contingent deferred sales charge
Shares Available Through: Class A shares may be obtained through most brokerage firms
nationwide, directly through the Fund's distributor or through an
exchange of Class A shares of other G.T. Global Mutual Funds.
Class B shares may be obtained only through an exchange of Class B
shares of other G.T. Global Mutual Funds. Exchanges can be made
through most brokerage firms nationwide, or directly through the
Fund's distributor
Dividends: Declared daily and paid monthly from available net investment
income and any realized net short-term capital gain
Reinvestment: All dividends are paid in Fund shares of the distributing class
without a sales charge
First Purchase: $500 minimum ($100 for individual retirement accounts ("IRAs") and
reduced amounts for certain other retirement plans)
Subsequent Purchases: $100 minimum (reduced amounts for IRAs and certain other
retirement plans)
Yield: Quoted in the financial section of most newspapers
Checkwriting: Available on Class A shares upon request
Unlimited number of free checks
$300 minimum amount per check
</TABLE>
Prospectus Page 3
<PAGE>
G.T. GLOBAL DOLLAR FUND
PROSPECTUS SUMMARY
(Continued)
- --------------------------------------------------------------------------------
THE FUND. G.T. Global Dollar Fund is a mutual fund organized as a diversified
series of G.T. Investment Portfolios, Inc. ("Company"), a registered open-end
management investment company. Class A shares of the Fund's common stock are
available through broker/dealers that have entered into agreements to sell
shares with the Fund's distributor, G.T. Global Financial Services, Inc. ("G.T.
Global"). Class A shares also may be acquired directly through the Fund's
distributor or through exchanges of Class A shares of other G.T. Global Mutual
Funds. Class B shares of the Fund's common stock may be obtained only through an
exchange of Class B shares of other G.T. Global Mutual Funds. Redemptions of
Class B shares may be subject to a contingent deferred sales charge. See "How to
Invest" and "Shareholder Account Manual." Shares may be redeemed either through
broker/dealers or the Fund's transfer agent, G.T. Global Investor Services, Inc.
("Transfer Agent"). See "How to Redeem Shares" and "Shareholder Account Manual."
INVESTMENT MANAGER. G.T. Capital is the Fund's investment manager and
administrator. G.T. Capital provides investment management and/or administration
services to all of the G.T. Global Mutual Funds as well as to other
institutional, corporate and individual clients. G.T. Capital is part of the
G.T. Group, a leading international investment advisory organization that long
has emphasized global investing. The G.T. Group maintains fully staffed
investment offices in San Francisco, London, Tokyo, Toronto, Hong Kong,
Singapore and Sydney. As of January 3, 1995, total assets under G.T. Group
management exceeded $22 billion; of this amount, more than $19 billion was
invested in the securities of non-U.S. issuers. The companies comprising the
G.T. Group are indirect subsidiaries of the Prince of Liechtenstein Foundation.
See "Management."
INVESTMENT OBJECTIVE, TECHNIQUES AND RISK FACTORS. The Fund's investment
objective is maximum current income consistent with liquidity and conservation
of capital. The Fund seeks this objective by investing in high quality U.S.
dollar-denominated money market instruments, including obligations issued or
guaranteed by the U.S. and foreign governments, their agencies and
instrumentalities; obligations of U.S. and non-U.S. banks, including
certificates of deposit, bankers' acceptances and similar instruments, when such
banks have total assets at the time of purchase of at least $1 billion; interest
bearing deposits that are insured by a U.S. government agency in other U.S.
banking or savings institutions; commercial paper of U.S. and foreign corporate
issuers, including variable rate master notes; and repurchase agreements secured
by any of the foregoing. An investment in the Fund is neither insured nor
guaranteed by the U.S. government. There is no assurance that the Fund will
achieve its investment objective. There can be no assurance that the Fund will
be able to maintain a stable net asset value of $1.00 per share. See "Investment
Objective and Policies."
EXPENSES. The Fund pays G.T. Capital investment management and administration
fees at the annualized rate of 0.50% of the Fund's average daily net assets. As
the Fund's distributor, G.T. Global may, from time to time, pay ongoing payments
to broker/ dealers and other financial institutions for servicing shareholder
accounts and for sales efforts.
Pursuant to a distribution plan adopted in accordance with Rule 12b-1 under the
Investment Company Act of 1940, as amended ("1940 Act"), the Fund may pay G.T.
Global a service fee at the annualized rate of up to 0.25% of the average daily
net assets of its Class A shares as reimbursement for G.T. Global's expenditures
incurred in servicing and maintaining shareholder accounts, and may pay G.T.
Global at the annualized rate of up to 0.25% of the average daily net assets of
the Fund's Class A shares, less any amounts paid by the Fund as the
aforementioned service fee, for its expenditures incurred in providing services
as distributor ("Class A Plan").
Pursuant to a separate distribution plan adopted under Rule 12b-1 under the 1940
Act, the Fund may pay G.T. Global a service fee with respect to the Class B
shares of the Fund at the annualized rate of up to 0.25% of the average daily
net assets of the Fund's Class B shares as reimbursement for G.T. Global's
expenditures incurred in servicing and maintaining shareholder accounts, and may
pay G.T. Global at the annualized rate of up to 0.75% of the average daily net
assets of the Class B shares for G.T. Global's expenditures incurred in
providing services as distributor ("Class B Plan"). G.T. Global does not
currently intend to seek reimbursement of any amounts under the Class A Plan, or
of amounts in excess of 0.75% of average daily net assets, under the Class B
Plan. The Fund pays all expenses not assumed by G.T. Capital, G.T. Global or
other agents. G.T. Capital and G.T. Global have agreed to limit expenses
(exclusive of brokerage commissions, interest, taxes and extraordinary expenses)
to the annual rate of 1.00% and 1.75% of the average daily net assets of the
Fund's Class A and Class B shares, respectively. See "Management."
Prospectus Page 4
<PAGE>
G.T. GLOBAL DOLLAR FUND
PROSPECTUS SUMMARY
(Continued)
- --------------------------------------------------------------------------------
SUMMARY OF INVESTOR COSTS. The expenses and maximum transaction costs associated
with investing in the Class A and Class B shares of the Fund are reflected in
the following tables+*:
<TABLE>
<CAPTION>
CLASS A CLASS B
--------- ---------
<S> <C> <C>
SHAREHOLDER TRANSACTION COSTS:
Sales charge on purchases of shares................................................................ None None
Sales charges on reinvested distributions to shareholders.......................................... None None
Maximum contingent deferred sales charge........................................................... None 5.0%
Redemption charges................................................................................. None None
Exchange fees:
-- On first four exchanges each year............................................................. None None
-- On each additional exchange................................................................... $7.50 $7.50
ANNUAL FUND OPERATING EXPENSES
(AS A % OF AVERAGE NET ASSETS):
Investment management
and administration fees.......................................................................... .50% .50%
12b-1 distribution and service fees (after waivers)................................................ .00% .75%
Other expenses..................................................................................... .42% .42%
--------- ---------
Total Fund Operating Expenses (after waivers and reimbursements)..................................... .92% 1.67%
</TABLE>
HYPOTHETICAL EXAMPLE OF EFFECT OF EXPENSES
An investor would directly or indirectly pay the following expenses at the end
of the periods shown on a $1,000 investment in the Fund, assuming a 5% annual
return:
<TABLE>
<CAPTION>
ONE YEAR THREE YEARS FIVE YEARS TEN YEARS
----- ----------- ----- -----
<S> <C> <C> <C> <C>
Class A shares........................................................... 9 29 51 116
Class B shares
Assuming complete redemption at end of period (1)...................... 67 83 112 210
Assuming no redemption................................................. 17 53 92 210
<FN>
- ------------------
(1) Assumes deduction of the maximum applicable contingent deferred sales
charge.
+ The Fund is authorized to offer Advisor Class shares to certain categories
of investors. Advisor Class shares are not subject to a distribution or
service fee. "Total Fund Operating Expenses" for Advisor Class shares are
estimated to approximate 0.92%.
* THESE TABLES ARE INTENDED TO ASSIST INVESTORS IN UNDERSTANDING THE VARIOUS
COSTS AND EXPENSES ASSOCIATED WITH INVESTING IN THE FUND. Expenses are
based on the Fund's fiscal year ended December 31, 1994. Long-term
shareholders may pay more than the economic equivalent of the maximum
front-end sales charges permitted by the National Association of Securities
Dealers, Inc. ("NASD") rules regarding investment companies. "Other
expenses" include custody, transfer agent, legal, audit and other expenses.
Without waivers, "12b-1 distribution and service fees" and "Total Fund
Operating Expenses" would have been 0.25%, and 1.17%, respectively, for
Class A shares; and the amount of expenses an investor would pay, assuming
redemption after one, three, five and ten years, would be $12,, $37, $65
and $117. Without waivers, "12b-1 distribution and service fees" and "Total
Fund Operating Expenses" would have been 1.00% and 1.92%, respectively, for
Class B shares; and the amount of expenses an investor would pay, assuming
redemption after one, three, five and ten years, would be $69, $91, $126
and $241. Assuming no redemption, the amount of expenses an investor would
pay after one, three, five and ten years, would be $19, $61, $,106 and
$241. See "Management" herein and in the Statement of Additional
Information for more information. THE "HYPOTHETICAL EXAMPLE" SET FORTH
ABOVE IS NOT A REPRESENTATION OF PAST OR FUTURE EXPENSES; THE FUND'S ACTUAL
EXPENSES MAY BE MORE OR LESS THAN THOSE SHOWN. The above table and the
assumption in the Example of a 5% annual return are required by regulation
of the Securities and Exchange Commission applicable to all mutual funds;
the 5% annual return is not a prediction of and does not represent the
Fund's projected or actual performance.
</TABLE>
Prospectus Page 5
<PAGE>
G.T. GLOBAL DOLLAR FUND
FINANCIAL HIGHLIGHTS
- --------------------------------------------------------------------------------
The table below provides condensed information concerning income and capital
changes for one share of Class A and Class B for the periods shown. This
information is supplemented by the financial statements and notes thereto
included in the Statement of Additional Information. The financial statements
and notes for fiscal years ended December 31, 1992, 1993 and 1994 have been
audited by Coopers & Lybrand, L.L.P., independent accountants, whose report
thereon also appears in the Statement of Additional Information. Information
presented below for the periods January 1, 1987 to December 31, 1991 was audited
by other auditors which served as the Fund's independent accountants for those
periods. Information presented below for the period prior to January 1, 1987 is
not covered by the auditor's report.
<TABLE>
<CAPTION>
CLASS B++
--------------------
APRIL 1,
YEAR 1993
ENDED TO
DEC. 31, DEC. 31,
1994 1993
--------- ---------
Net investment
income........... $ 0.022 $ 0.010
<S> <C> <C>
Distributions from
net investment
income........... (0.022) (0.010)
--------- ---------
Net asset value
(unchanged during
the period)...... $ 1.00 $ 1.00
--------- ---------
--------- ---------
Total Investment
Return........... 2.53% 1.4%(a)
Ratios and
supplemental
data:
Ratio of net
investment income
to average net
assets........... 2.65%(b) 1.42%(a)(b)
Ratio of expenses
to average net
assets........... 1.67%(c) 1.75%(a)(c)
Net assets at end
of the period (in
000's)........... $109,936 $3,478
<CAPTION>
SEPT. 16,
1985
CLASS A+ (COMMENCE-
------------------------------------------------------------------------------------------------ MENT OF
OPERATIONS)
YEAR ENDED DECEMBER 31, THROUGH
------------------------------------------------------------------------------------------------ DEC. 31,
1994 1993 1992 1991 1990 1989 1988 1987 1986 1985
--------- --------- --------- --------- --------- --------- --------- --------- -------- ---------
Net investment
income........... $ 0.032 $ 0.022 $ 0.028 $ 0.051 $ 0.069 $ 0.075 $ 0.058 $ 0.053 $ 0.063 $ 0.021
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Distributions from
net investment
income........... (0.032) (0.022) (0.028) (0.051) (0.069) (0.075) (0.058) (0.053) (0.063) (0.021 )
--------- --------- --------- --------- --------- --------- --------- --------- -------- ---------
Net asset value
(unchanged during
the period)...... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
--------- --------- --------- --------- --------- --------- --------- --------- -------- ---------
--------- --------- --------- --------- --------- --------- --------- --------- -------- ---------
Total Investment
Return........... 3.30% 2.2% 2.8% 5.1% 6.9% 7.6% 5.9% 5.4% 6.5% 1.4%
Ratios and
supplemental
data:
Ratio of net
investment income
to average net
assets........... 3.40%(b) 2.17%(b) 2.78%(b) 5.10%(b) 6.95%(b) 7.60%(b) 5.72% 5.24%(b) 5.90%(b) 7.08%(b )
Ratio of expenses
to average net
assets........... 0.92%(c) 1.00%(c) 1.25%(c) 1.25%(c) 1.25%(c) 1.19%(c) 1.03% 0.83%(c) 0.15%(c) --(c )
Net assets at end
of the period (in
000's)........... $320,858 $87,822 $81,674 $70,925 $123,218 $13,143 $11,628 $11,791 $5,295 $2,927
<FN>
- ------------------------
+ All capital shares issued and outstanding as of March 31, 1993 were
re-classified as Class A shares.
++ Commencing April 1, 1993, the Fund began offering Class B shares.
(a) Annualized.
(b) Ratios of net investment income to average net assets prior to expense
reimbursement by G.T. Capital were: 3.15% in 1994, 1.46% in 1993, 2.47% in
1992; 4.90% in 1991; 6.64% in 1990; 7.17% in 1989; 5.09% in 1987, 5.07% in
1986; and 6.09% in the period September 16, 1985 through December 31, 1985.
Such ratio for Class B shares was .86% (a) for 1993.
(c) Ratios of expenses to average net assets prior to expense reimbursement by
G.T. Capital were: 1.17%(c) in 1994, 1.72% in 1993, 1.56% in 1992; 1.45% in
1991; 1.56% in 1990; 1.62% in 1989; .98% in 1987; .98% in 1986; and .98%
(a) in the period September 16, 1985 through December 31, 1985. Such ratio
for Class B shares was 1.92% for 1994 and 2.31% (a) for 1993.
</TABLE>
Prospectus Page 6
<PAGE>
G.T. GLOBAL DOLLAR FUND
INVESTMENT OBJECTIVE
AND POLICIES
- --------------------------------------------------------------------------------
The investment objective of G.T. Global Dollar Fund is to seek maximum current
income consistent with liquidity and conservation of capital. The Fund seeks
this objective by investing in high quality, U.S. dollar-denominated money
market instruments, i.e., debt obligations with remaining maturities of 13
months or less.
The Fund seeks to maintain a net asset value of $1.00 per share. To do so, the
Fund uses the amortized cost method of valuing its securities pursuant to Rule
2a-7 under the 1940 Act, certain requirements of which are summarized below.
In accordance with Rule 2a-7, the Fund will (i) maintain a dollar-weighted
average portfolio maturity of 90 days or less, and (ii) purchase only
instruments having remaining maturities of 13 months or less.
The Fund will invest only in high quality, U.S. dollar-denominated money market
instruments determined by G.T. Capital to present minimal credit risks in
accordance with procedures established by the Company's Board of Directors. To
be considered high quality, a security must be rated in accordance with
applicable rules in one of the two highest rating categories for short-term
securities by at least two nationally recognized statistical rating
organizations ("NRSROs") (or one, if only one such NRSRO has rated the
security), or, if the issuer has no applicable short-term rating, determined by
G.T. Capital to be of equivalent credit quality.
High quality securities are divided into "first tier" and "second tier"
securities. The Fund will invest only in first tier securities. First tier
securities have received the highest rating for short-term debt from at least
two NRSROs, i.e., rated not lower than A-1 by Standard & Poor's Ratings Group
("S&P") or P-1 by Moody's Investors Service, Inc. ("Moody's") (or one, if only
one such NRSRO has rated the security), or, if unrated, are determined to be of
equivalent quality as described above. If a security has been assigned different
ratings by different NRSROs, at least two NRSROs must have assigned the higher
rating in order for G.T. Capital to determine the security's eligibility for
purchase by the Fund.
The rating criteria of S&P and Moody's, two NRSROs currently rating instruments
of the type the Fund may purchase, are more fully described in "Description of
Debt Ratings" in the Fund's Statement of Additional Information.
The Fund may invest in the following types of money market instruments:
/ / OBLIGATIONS ISSUED OR GUARANTEED BY THE U.S. AND FOREIGN GOVERNMENTS, THEIR
AGENCIES AND INSTRUMENTALITIES. These include: direct obligations of the
U.S. Treasury, such as Treasury bills and notes; obligations backed by the
full faith and credit of the U.S. government, such as those issued by the
Government National Mortgage Association; obligations supported primarily or
solely by the creditworthiness of the issuer, such as securities of the
Federal National Mortgage Association, the Federal Home Loan Mortgage
Corporation and the Tennessee Valley Authority; and similar U.S.-dollar
denominated instruments of foreign governments, their agencies, authorities
and instrumentalities.
/ / OBLIGATIONS OF U.S. AND NON-U.S. BANKS, including certificates of deposit,
bankers' acceptances and similar instruments, when such banks have total
assets at the time of purchase equal to at least $1 billion.
/ / INTEREST-BEARING DEPOSITS IN U.S COMMERCIAL AND SAVINGS BANKS having total
assets of $1 billion or less, in principal amounts at each such bank not
greater than are insured by an agency of the U.S. government, provided that
the aggregate amount of such deposits (including interest earned) does not
exceed 5% of the Fund's assets.
/ / COMMERCIAL PAPER AND OTHER SHORT-TERM DEBT OBLIGATIONS OF U.S. AND FOREIGN
COMPANIES, rated at least A-1 by S&P, Prime-1 by Moody's, or, if not rated,
determined by G.T. Capital to be of equivalent quality, provided that any
outstanding intermediate- or long-term debt of the issuer is rated at least
AA by S&P or Aa by Moody's. See "Description of Debt Ratings" in the
Statement of Additional Information. These instruments may include corporate
bonds and notes (corporate obligations that mature, or that may be redeemed,
in one year or less). These corporate obligations
Prospectus Page 7
<PAGE>
G.T. GLOBAL DOLLAR FUND
include variable rate master notes, which are redeemable upon notice and
permit investment of fluctuating amounts at varying rates of interest
pursuant to direct arrangements with the issuer of the instrument.
/ / REPURCHASE AGREEMENTS SECURED BY ANY OF THE FOREGOING.
In managing the Fund, G.T. Capital may employ a number of professional money
management techniques, including varying the composition of the Fund's
investments and the average weighted maturity of the Fund's portfolio within the
limitations described above. Determinations to use such techniques will be based
on G.T. Capital's identification and assessment of the relative values of
various money market instruments and the future of interest rate patterns,
economic conditions and shifts in fiscal and monetary policy. G.T. Capital also
may seek to improve the Fund's yield by purchasing or selling securities in
order to take advantage of yield disparities that regularly occur in the market.
For example, frequently there are yield disparities between different types of
money market instruments, and market conditions from time to time result in
similar securities trading at different prices.
Investors should recognize that in periods of declining interest rates, the
Fund's yield will tend to be somewhat higher than prevailing market rates;
conversely, in periods of rising interest rates, the Fund's yield will tend to
be somewhat lower than those rates. Also, when interest rates are falling, the
net new money flowing into the Fund from the sale of its shares and reinvestment
of dividends likely will be invested in instruments producing lower yields than
the balance of the Fund's portfolio, thereby reducing the Fund's yield. The
opposite generally will be true in periods of rising interest rates. The Fund is
designed to provide maximum current income consistent with the liquidity and
safety of principal afforded by investment in a portfolio of high quality money
market instruments; the Fund's yield may be lower than that produced by funds
investing in lower quality and/or longer-term securities.
Although the Fund may invest in instruments of non-U.S. issuers, all such
instruments will be denominated in U.S. dollars and will be first tier
securities. Obligations of non-U.S. issuers are subject to the same risks that
pertain to domestic issues, notably credit risk, market risk and liquidity risk.
Nonetheless, these instruments present risks that are different from those
presented by investment in instruments of U.S. issuers. Obligations of foreign
entities may be subject to certain sovereign risks, including adverse political
and economic developments in a foreign country, the extent and quality of
government regulation of financial markets and institutions, interest
limitations, currency controls, foreign withholding taxes, and expropriation or
nationalization of foreign issuers and their assets. There may be less publicly
available information about foreign issuers than about domestic issuers, and
foreign issuers may not be subject to the same accounting, auditing and
financial recordkeeping standards and requirements as are domestic issuers.
Accordingly, while the Fund's ability to invest in these instruments may provide
it with the potential to produce a higher yield than money market funds
investing solely in instruments of domestic issuers, the Fund presents greater
risk than such other funds.
REPURCHASE AGREEMENTS. Repurchase agreements are transactions in which the Fund
purchases a security from a bank or recognized securities dealer and
simultaneously commits to resell that security to the bank or dealer at an
agreed-upon price, date and market rate of interest unrelated to the coupon rate
or maturity of the purchased security. Although repurchase agreements carry
certain risks not associated with direct investments in securities, including
possible decline in the market value of the underlying securities and delays and
costs to the Fund if the other party to the repurchase agreement becomes
bankrupt, the Fund will enter into repurchase agreements only with banks and
dealers believed by G.T. Capital to present minimal credit risks in accordance
with guidelines approved by the Company's Board of Directors. G.T. Capital will
review and monitor the creditworthiness of such institutions under the Board's
general supervision.
The Fund will not enter into repurchase agreements with maturities of more than
seven days if, as a result, more than 10% of the value of its total assets would
be invested in such repurchase agreements and other illiquid securities.
VARIABLE AND FLOATING RATE SECURITIES. The Fund may purchase variable and
floating rate securities with remaining maturities in excess of 13 months. Such
securities must comply with conditions established by the SEC under which they
may be considered to have remaining maturities of 13 months or less. The yield
of these securities varies in relation to changes in specific money market rates
such as the prime rate. These changes are reflected in adjustments to the yields
of the variable and floating rate securities, and different
Prospectus Page 8
<PAGE>
G.T. GLOBAL DOLLAR FUND
securities may have different adjustment rates. To the extent that the Fund
invests in such variable and floating rate securities, it is G.T. Capital's view
that the Fund may be able to take advantage of the higher yield that is usually
paid on longer-term securities. G.T. Capital further believes that the variable
and floating rates paid on such securities may substantially reduce the wide
fluctuations in market value caused by interest rate changes and other factors
which are typical of longer-term debt securities.
OTHER INFORMATION. The Fund may acquire participation interests in securities in
which it is permitted to invest. Participation interests are pro rata interests
in securities held by others. Pending investment of proceeds from new sales of
Fund shares or for temporary defensive purposes, the Fund may hold any portion
of its assets in cash. The Fund may borrow money from banks as a temporary
measure (a) for extraordinary or emergency purposes in amounts up to 5% of its
net assets (taken at market value) or (b) in amounts up to 33 1/3% of its net
assets in order to meet redemption requests. The Fund will not purchase
securities while borrowings remain outstanding. The Fund may invest no more than
5% of its total assets in the securities of a single issuer (other than
securities issued or guaranteed by the U.S. government, its agencies, or
instrumentalities).
The Fund's investment objective and policies with respect to borrowing as stated
above are fundamental and may not be changed without the approval of a majority
of the Fund's outstanding voting securities. As defined in the 1940 Act and as
used in this Prospectus, a "majority of the Fund's outstanding voting
securities" means the lesser of (i) 67% of the Fund's shares represented at a
meeting at which more than 50% of the outstanding shares are represented, and
(ii) more than 50% of the Fund's outstanding shares. In addition, the Fund has
adopted certain investment limitations as fundamental policies which also may
not be changed without shareholder approval; a description of these limitations
is included in the Statement of Additional Information. The Fund's other
investment policies described herein are not fundamental policies and may be
changed by vote of the Company's Board of Directors without shareholder
approval.
On December 29, 1992, the shareholders of the Fund approved modifications to the
Fund's investment policies and limitations which authorize the Board of
Directors to effect a change in the operating structure of the Fund, so that the
Fund may transfer all of its investable assets to the Global Dollar Portfolio
("Portfolio"), an open-end management investment company with substantially the
same investment objective, limitations and policies as the Fund. The Portfolio
is expected to serve as the investment vehicle for different entities that have
the same investment objective and policies as the Fund. By investing in the
Portfolio rather than maintaining its own portfolio of securities, the Fund
would expect to realize certain economies of scale that would arise as
additional investors invest their assets in the Portfolio. There is no assurance
that institutional investors will invest in the Portfolio or that any of these
expected benefits would actually be realized by the Fund. Implementation of this
new operating structure will only occur upon approval of the Board of Directors.
- --------------------------------------------------------------------------------
THE CLASS SYSTEM
- --------------------------------------------------------------------------------
DIFFERENCES BETWEEN THE CLASSES. The primary distinction between the two classes
of the Fund's shares offered through this Prospectus lies in their ongoing
expenses and role as exchange vehicles for the corresponding classes of shares
of the G.T. Global Mutual Funds, as summarized below. Class A and Class B shares
of the Fund represent interests in the same portfolio of investments of the Fund
and have the same rights, except that each class bears the separate expenses of
its Rule 12b-1 distribution plan and has exclusive voting rights with respect to
such plan, and each class has a separate exchange privilege. See "Management"
and "How to Exchange Shares." Class A shares of the Fund are available for
purchase directly by investors. Class B shares may be purchased only via
exchange with Class B shares of other G.T. Global Mutual Funds.
Dividends and other distributions paid by the Fund with respect to its Class A
and Class B shares are
Prospectus Page 9
<PAGE>
G.T. GLOBAL DOLLAR FUND
calculated in the same manner and at the same time. The per share dividends on
Class B shares of the Fund will be lower than the per share dividends on Class A
shares of the Fund as a result of the higher service and distribution fees
applicable to Class B shares.
CLASS A SHARES. Class A shares are sold at net asset value. Class A shares of
the Fund may bear annual service and distribution fees of up to 0.25% of the
average daily net assets of that class although G.T. Global does not currently
intend to seek any reimbursements thereunder. Unless the Class A shares of the
Fund were purchased via exchange for shares of another G.T. Global Mutual Fund,
a sales load will apply to exchanges from the Fund into other G.T. Global Mutual
Funds, as set forth in the prospectuses of such Funds.
Purchases of the Class A shares of the other G.T. Global Mutual Funds of
$500,000 or more may be made without a sales charge. If a shareholder within two
years after the date of such purchase redeems any Class A shares that were
purchased without a sales charge by reason of a purchase of $500,000 or more, a
contingent deferred sales charge ("CDSC") of 1% of the lower of the original
purchase price or the net asset value of such shares at the time of redemption
will be charged. This CDSC will apply to a redemption by such an investor from
any G.T. Global Mutual Fund, including the Fund. Class A shares that are
redeemed will not be subject to the CDSC to the extent that the value of such
shares represents (1) reinvestment of dividends or other distributions or (2)
Class A shares redeemed more than two years after their original purchase. Thus,
investors purchasing shares of the Fund via an exchange of certain Class A
shares of the other G.T. Global Mutual Funds will be subject to a CDSC on a
redemption of those Class A shares of the Fund received in exchange for such
Class A shares of the other G.T. Global Mutual Fund, if such redemption is made
within two years of the original purchase date.
CLASS B SHARES. Class B shares of the Fund are available only through an
exchange of Class B shares of other G.T. Global Mutual Funds. No CDSC will be
imposed on the exchange out of Class B shares of any G.T. Global Mutual Fund and
into the Fund. A shareholder's holding period of Class B shares of the Fund
would be counted for purposes of measuring the CDSC to which that shareholder's
redemption would be subject. A shareholder will be assessed a CDSC, if
applicable, upon redemption of the Class B shares of the Fund, but no CDSC will
be imposed on the exchange out of the Fund into another G.T. Global Mutual Fund.
Class B shares may bear annual service and distribution fees of up to 1.00% of
the average daily net assets of that class, however, G.T. Global does not
currently intend to seek reimbursement of amounts in excess of 0.75% of the
average daily net assets of the Class B shares thereunder. Upon a redemption of
Class B shares, investors pay a CDSC of up to 5% of the lesser of the original
purchase price or the net asset value of such shares at the time of redemption.
The deferred sales charge is waived for certain redemptions and is reduced for
shares held more than one year. The higher service and distribution fees paid by
the Class B shares of the Fund will cause that class to have a higher expense
ratio and to pay lower dividends than Class A shares.
ADVISOR CLASS SHARES. Advisor Class shares may be offered through a separate
prospectus to (a) trustees or other fiduciaries purchasing shares for employee
benefit plans which are sponsored by organizations which have at least 250
employees; (b) any account investing at least $25,000 in one or more G.T. Global
Mutual Funds 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; (c)
any account investing at least $25,000 in one or more G.T. Global Mutual Funds
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; (d) accounts advised by one of the companies
comprising or affiliated with the G.T. Group; and (e) any of the companies
comprising or affiliated with the G.T. Group.
See "How to Invest," "How to Redeem Shares" and "Management" for a more complete
description of the contingent deferred sales charges, service fees and
distribution fees for Class A and Class B shares of the Fund and "Dividends and
Taxes" and "Valuation of Shares" for other differences between these two
classes.
Prospectus Page 10
<PAGE>
G.T. GLOBAL DOLLAR FUND
HOW TO INVEST
- --------------------------------------------------------------------------------
GENERAL. The Fund is authorized to issue three classes of shares. Class A shares
are sold to investors with no sales charge, while Class B shares may be obtained
only through an exchange of Class B shares of other G.T. Global Mutual Funds.
See "The Class System." The third class of shares of the Fund, the Advisor
Class, may be offered through a separate prospectus only to certain investors.
Investors known to be eligible to purchase Advisor Class shares will be sold
only Advisor Class shares.
Orders received before the close of regular trading on the New York Stock
Exchange ("NYSE") (currently, 4:00 p.m. Eastern time, unless weather, equipment
failure or other factors contribute to an earlier closing time) on any Business
Day will be executed at the Fund's net asset value per share determined that
day, provided Federal Funds, as defined below, become available to the Fund that
day. A "Business Day" is any day Monday through Friday on which the NYSE is open
for business. The Fund follows policies designed to ensure that it maintains a
constant net asset value per share of $1.00. See "Calculation of Net Asset
Value." No sales charges are imposed on purchases of Class A Fund shares. The
minimum initial investment is $500 ($100 for IRAs and $25 for custodial accounts
under Section 403(b)(7) of the Internal Revenue Code of 1986, as amended
("Code"), and other tax-qualified employer-sponsored retirement accounts, if
made under a systematic investment plan providing for monthly payments of at
least that amount), and the minimum for additional purchases is $100 (with a $25
minimum for IRAs, Code Section 403(b)(7) custodial accounts and other
tax-qualified employer-sponsored retirement accounts, as mentioned above). Prior
to receipt of Federal Funds, an investor's money will not be invested. "Federal
Funds" are monies held on deposit at a Federal Reserve Bank which are available
for the Fund's immediate use. Purchases by check or negotiable bank draft
normally take two business days to be converted into Federal Funds. Shares begin
accruing income dividends on the day following the date of purchase. The Fund
and G.T. Global reserve the right to reject any purchase order and to suspend
the offering of shares for a period of time.
PURCHASES THROUGH BROKER/DEALERS. Shares of the Fund may be purchased through
broker/dealers with which G.T. Global has entered into dealer agreements. Orders
received by such broker/dealers before the close of regular trading on the NYSE
on a Business Day will be effected that day if Federal Funds are available to
the Fund that day, provided that such order is transmitted to the Transfer Agent
prior to its close of business on such day. The broker/dealer will be
responsible for forwarding the investor's order to the Transfer Agent so that it
will be received prior to such time. After an initial investment is made and a
shareholder account is established through a broker/ dealer, at the investor's
option subsequent purchases may be made directly through G.T. Global. See
"Shareholder Account Manual."
Broker/dealers that do not have dealer agreements with G.T. Global also may
offer to place orders for the purchase of shares. Purchases made through such
broker/dealers will be effected at the net asset value next determined after the
order is received by the Transfer Agent and Federal Funds are available to the
Fund. Such a broker/dealer may charge the investor a transaction fee as
determined by the broker/dealer. That fee may be avoided if shares are purchased
through a broker/dealer which has a dealer agreement with G.T. Global or
directly through G.T. Global.
PURCHASES THROUGH THE DISTRIBUTOR. Investors may purchase shares and open an
account directly through G.T. Global, the Fund's distributor, by completing and
signing the Account Application located at the end of this Prospectus. Investors
should mail to the Transfer Agent the completed Account Application together
with a check to cover the purchase in accordance with the instructions provided
in the Shareholder Account Manual. Purchases will be executed at the net asset
value next determined after the Transfer Agent has received the Account
Application and check, and Federal Funds become available to the Fund.
Subsequent investments do not need to be accompanied by such an application.
Investors also may purchase shares of the Fund through G.T. Global by bank wire
to the Transfer Agent. Bank wire purchases will be executed at the
Prospectus Page 11
<PAGE>
G.T. GLOBAL DOLLAR FUND
net asset value next determined after the bank wire is received. Accordingly, a
bank wire received by the close of regular trading on the NYSE on a Business Day
will be effected that day. A wire investment is considered received when the
Transfer Agent is notified that the bank wire has been credited to the Fund. The
investor is responsible for providing prior telephonic or facsimile notice to
the Transfer Agent that a bank wire is being sent. An investor's bank may charge
a service fee for wiring money to the Fund. The Transfer Agent currently does
not charge a service fee for facilitating wire purchases, but reserves the right
to do so in the future. Investors desiring to open an account by bank wire
should call the Transfer Agent at the appropriate toll-free number provided in
the Shareholder Account Manual to obtain an account number and detailed
instructions.
AUTOMATIC INVESTMENT PLAN. Investors may purchase Class A shares of the Fund
through the G.T. Global Automatic Investment Plan. Under this Plan, an amount
specified by the shareholder of $100 or more (or $25 for IRAs, Code Section
403(b)(7) custodial accounts and other tax-qualified employer-sponsored
retirement accounts) on a monthly or quarterly basis will be sent to the
Transfer Agent from the investor's bank for investment in the Fund. To
participate in the Automatic Investment Plan, investors should complete the
appropriate portion of the Supplemental Application provided at the end of this
Prospectus. Investors should contact their broker/ dealers or G.T. Global for
more information.
CERTIFICATES. In the interest of economy and convenience, the Fund does not
issue physical certificates representing its shares. Shares of the Fund are
recorded on a register by the Transfer Agent, and shareholders have the same
rights of ownership as if certificates had been issued to them.
Prospectus Page 12
<PAGE>
G.T. GLOBAL DOLLAR FUND
HOW TO MAKE EXCHANGES
- --------------------------------------------------------------------------------
Fund shares may be exchanged for shares of most of the other G.T. Global Mutual
Funds, based on their respective net asset values, provided that the
registration remains identical. This exchange privilege is available only in
those jurisdictions where the sale of G.T. Global Mutual Fund shares to be
acquired may be legally made. CLASS A SHARES MAY BE EXCHANGED ONLY FOR CLASS A
SHARES OF OTHER G.T. GLOBAL MUTUAL FUNDS. CLASS B SHARES MAY BE EXCHANGED ONLY
FOR CLASS B SHARES OF OTHER G.T. GLOBAL MUTUAL FUNDS. For Class A shares, a
sales load will apply to exchanges from the Fund into other G.T. Global Mutual
Funds; however, no sales load will be charged if the exchanged shares were
acquired as a result of a previous exchange from another G.T. Global Mutual
Fund. The exchange of Class B shares will not be subject to a contingent
deferred sales charge. Other than the Fund, the G.T. Global Mutual Funds
currently include:
-- G.T. GLOBAL: WORLDWIDE GROWTH FUND
-- G.T. GLOBAL: INTERNATIONAL GROWTH FUND
-- G.T. GLOBAL EMERGING MARKETS FUND
-- G.T. GLOBAL HEALTH CARE FUND
-- G.T. GLOBAL TELECOMMUNICATIONS FUND
-- G.T. GLOBAL FINANCIAL SERVICES FUND
-- G.T. GLOBAL INFRASTRUCTURE FUND
-- G.T. GLOBAL NATURAL RESOURCES FUND
-- G.T. GLOBAL CONSUMER PRODUCTS AND SERVICES FUND
-- G.T. GLOBAL: NEW PACIFIC GROWTH FUND
-- G.T. GLOBAL: EUROPE GROWTH FUND
-- G.T. LATIN AMERICA GROWTH FUND
-- G.T. GLOBAL: AMERICA GROWTH FUND
-- G.T. GLOBAL: JAPAN GROWTH FUND
-- G.T. GLOBAL GROWTH & INCOME FUND
-- G.T. GLOBAL GOVERNMENT INCOME FUND
-- G.T. GLOBAL STRATEGIC INCOME FUND
-- G.T. GLOBAL HIGH INCOME FUND
Up to four exchanges each year may be made without a service charge. A $7.50
service charge will be imposed on each subsequent exchange. If an investor does
not surrender all of his or her shares in an exchange, the remaining balance in
the investor's account after the exchange must be at least $500. Exchange
requests received in good order by the Transfer Agent before the close of
regular trading on the NYSE on any Business Day will be processed at the net
asset value determined that day.
An investor interested in making an exchange should write or call his or her
broker/dealer or the Transfer Agent to request the prospectus of the other G.T.
Global Mutual Fund(s) being considered. Certain broker/dealers may charge a fee
for handling exchanges.
EXCHANGES BY TELEPHONE. A shareholder may give exchange instructions to the
shareholder's broker/ dealer or to the Transfer Agent by telephone at the
appropriate toll-free number provided in the Shareholder Account Manual.
Shareholders automatically have telephone privileges to authorize exchanges. The
Fund, G.T. Global and the Transfer Agent shall not be liable for any loss or
damage for acting in good faith upon instructions received by telephone and
reasonably believed to be genuine. The Fund employs reasonable procedures to
confirm that instructions communicated by telephone are genuine, including
requiring some form of personal identification prior to acting upon instructions
received by telephone, providing written confirmation of such transactions,
and/or tape recording of telephone instructions. The Fund may be liable for any
losses due to unauthorized or fraudulent instructions if it does not follow
reasonable procedures.
EXCHANGES BY MAIL. Exchange orders should be sent by mail to the shareholder's
broker/dealer or to the Transfer Agent at the address set forth in the
Shareholder Account Manual.
OTHER INFORMATION ABOUT EXCHANGES. Purchases, redemptions and exchanges should
be made for investment purposes only. A pattern of frequent exchanges, purchases
and sales is not acceptable and can be limited by the Fund's or G.T. Global's
refusal to accept further purchase and exchange orders from the investor or
broker. The terms of the exchange offer described above may be modified at any
time, on 60 days' prior written notice to shareholders.
Prospectus Page 13
<PAGE>
G.T. GLOBAL DOLLAR FUND
HOW TO REDEEM SHARES
- --------------------------------------------------------------------------------
As described below, Class A shares of the Fund may be redeemed without charge at
net asset value. Class B shares of the Fund may be redeemed at their net asset
value (subject to any applicable CDSC). A shareholder's holding period of such
Class B shares of the Fund, as well as his holding period of Class B shares of
any other G.T. Global Mutual Fund exchanged to purchase Class B shares of the
Fund, would be credited for purposes of measuring the CDSC. Class B shares may
be obtained only through an exchange of Class B shares of other G.T. Global
Mutual Funds. Shareholders with broker/dealers that sell shares may redeem
shares through such broker/dealers; if the shares are held in the
broker/dealer's "street name," the redemption must be made through the broker/
dealer. Other shareholders may redeem shares through the Transfer Agent. If a
redeeming shareholder owns both Class A and Class B shares of the Fund, the
Class A shares will be redeemed first unless the shareholder specifically
requests otherwise. Shareholders also may redeem shares by writing checks
against their Fund accounts. Redemption requests received in good order before
the close of regular trading on the NYSE on any Business Day will be effected at
the net asset value calculated on that day.
Class B shares of the Fund that are redeemed will not be subject to a CDSC to
the extent that the value of such shares represents: (1) reinvestment of
dividends or (2) shares redeemed more than six years after their purchase.
Redemptions of most other Class B shares will be subject to a CDSC. See
"Contingent Deferred Sales Charge Waivers." The amount of any applicable CDSC
will be calculated by multiplying the lesser of the original purchase price or
the net asset value of such shares at the time of redemption by the applicable
percentage shown in the table below. For purposes of this calculation, the Fund
will consider the original purchase price of the shares exchanged to purchase
Class B shares of the Fund. Accordingly, no charge is imposed on increases in
net asset value above the original purchase price:
<TABLE>
<CAPTION>
CONTINGENT DEFERRED SALES
CHARGE AS A PERCENTAGE OF THE
LESSER OF NET ASSET VALUE AT
REDEMPTION
OR THE ORIGINAL
REDEMPTION DURING PURCHASE PRICE
- ------------------------------ -----------------------------
<S> <C>
1st Year Since Purchase....... 5%
2nd Year Since Purchase....... 4%
3rd Year Since Purchase....... 3%
4th Year Since Purchase....... 3%
5th Year Since Purchase....... 2%
6th year Since Purchase....... 1%
Thereafter.................... 0%
</TABLE>
In determining whether a CDSC is applicable to a redemption, the calculation
will be made in a manner that results in the lowest possible rate. It will be
assumed that the redemption is made first of amounts representing shares
acquired pursuant to the reinvestment of dividends; then of amounts representing
the cost of shares purchased seven years or more prior to the redemption; and
finally, of amounts representing the cost of shares held for the longest period
of time within the applicable six-year period.
For example, assume an investor purchases 100 Class B shares of another G.T.
Global Mutual Fund at $10 per share for a cost of $1,000. Subsequently, the
shareholder acquired 15 additional shares of that Fund through dividend
reinvestment. The investor then decides to exchange his shares of the other G.T.
Global Fund for Class B shares of the Fund. At the time of exchange, the
original Fund's shares had a net asset value of $11 per share, for a total value
of $1,265. Accordingly, the investor acquires 1,265 shares of the Fund. The
shareholder then acquires 50 additional shares of the Fund through dividend
reinvestment. Subsequently, in the third year after the original purchase, the
investor decides to redeem $500 of his or her investment. The CDSC would not be
applied to the value of any of the reinvested dividend shares. Therefore, $185
of the $500 redemption proceeds ($500 minus $315) would be charged at a rate of
3% (the applicable rate in the third year after purchase) for a total contingent
deferred sales charge of $5.55.
Prospectus Page 14
<PAGE>
G.T. GLOBAL DOLLAR FUND
CONTINGENT DEFERRED SALES CHARGE WAIVERS. The contingent deferred sales charge
will be waived for exchanges, as described below, and for redemptions in
connection with the Fund's systematic withdrawal plan not in excess of 12% of
the value of the account annually. In addition, the contingent deferred sales
charge will be waived in the following circumstances: (1) total or partial
redemptions made within one year following the death or disability of a
shareholder; (2) minimum required distributions made in connection with a G.T.
Global IRA, Keogh Plan, Code Section 403(b)(7) custodial account or other
retirement plan following attainment of age 70 1/2; (3) total or partial
redemptions resulting from a distribution following retirement in the case of a
tax-qualified employer-sponsored retirement plan; (4) when a redemption results
from a tax-free return of an excess contribution pursuant to Section 408(d)(4)
or (5) of the Code or from the death or disability of the employee; (5) a
one-time reinvestment in Class B shares of the Fund within 180 days of a prior
redemption; (6) redemptions pursuant to the Fund's right to liquidate a
shareholder's account involuntarily; (7) redemptions pursuant to distributions
from a tax-qualified employer-sponsored retirement plan, which is invested in
G.T. Global Mutual Funds, which are permitted to be made without penalty
pursuant to the Code (other than tax-free rollovers or transfers of assets) and
the proceeds of which are reinvested in Fund shares; (8) redemptions made in
connection with participant-directed exchanges between options in an
employer-sponsored benefit plan; (9) redemptions made for the purpose of
providing cash to fund a loan to a participant in a tax-qualified retirement
plan; (10) redemptions made in connection with a distribution from any
retirement plan or account that is permitted in accordance with the provisions
of Section 72(t)(2) of the Code and the regulations promulgated thereunder; (11)
redemptions made in connection with a distribution from any retirement plan or
account that involves the return of an excess deferral amount pursuant to
Section 401(k)(8) or Section 402(g)(2) of the Code or the return of excess
aggregate contributions pursuant to Section 401(m)(6) of the Code; (12)
redemptions made in connection with a distribution (from a qualified
profit-sharing or stock bonus plan described in Section 401(k) of the Code) to a
participant or beneficiary under Section 401(k)(2)(B)(IV) of the Code upon
hardship of the covered employee (determined pursuant to Treasury Regulation
Section 1.401(k)-1(d)(2); and (13) redemptions made by or for the benefit of
certain states, counties or cities, or any instrumentalities, departments or
authorities thereof where such entities are prohibited or limited by applicable
law from paying a sales charge or commission.
REDEMPTIONS THROUGH BROKER/DEALERS. Shareholders with accounts at broker/dealers
which sell shares of the Fund may submit redemption requests to such
broker/dealers. Broker/dealers may honor a redemption request either by
repurchasing shares from a redeeming shareholder at the shares' net asset value
next computed after the broker/ dealer receives the request or by forwarding
such requests to the Transfer Agent (see "How to Redeem Shares -- Redemptions
Through the Transfer Agent"). Redemption proceeds (less any applicable
contingent deferred sales charge for Class B shares) normally will be paid by
check or, if offered by the broker/dealer, credited to the shareholder's
brokerage account at the election of the shareholder. Broker/dealers may impose
a service charge for handling redemption transactions placed through them and
may have other requirements concerning redemptions. Accordingly, shareholders
should contact their broker/dealers for more details.
REDEMPTIONS THROUGH THE TRANSFER AGENT. Redemption requests may be transmitted
to the Transfer Agent by telephone or by mail, in accordance with the
instructions provided in the Shareholder Account Manual. All redemptions will be
effected at the net asset value next determined after the Transfer Agent has
received the request and any required supporting documentation (less any
applicable contingent deferred sales charge for Class B shares). Redemption
requests will not require a signature guarantee if the redemption proceeds are
to be sent either: (i) to the redeeming shareholder at the shareholder's address
of record as maintained by the Transfer Agent, provided the shareholder's
address of record has not been changed in the preceding thirty days; or (ii)
directly to a pre-designated bank, savings and loan or credit union account
("Pre-Designated Account"). ALL OTHER REDEMPTION REQUESTS MUST BE ACCOMPANIED BY
A SIGNATURE GUARANTEE OF THE REDEEMING SHAREHOLDER'S SIGNATURE. A signature
guarantee can be obtained from any bank, U.S. trust company, a member firm of a
U.S. stock exchange or a foreign branch of any of the foregoing or other
eligible guarantor institution. A notary public is not an acceptable guarantor.
A shareholder with questions concerning the Fund's signature guarantee
requirement should contact the Transfer Agent.
Prospectus Page 15
<PAGE>
G.T. GLOBAL DOLLAR FUND
Shareholders may qualify to have redemption proceeds sent to a Pre-Designated
Account by completing the appropriate section of the Account Application at the
end of this Prospectus. Shareholders with Pre-Designated Accounts should request
that redemption proceeds be sent either by bank wire or by check. The minimum
redemption amount for a bank wire is $1,000. Shareholders requesting a bank wire
should allow two business days from the time the redemption request is effected
for the proceeds to be deposited in the shareholder's Pre-Designated Account.
See "How to Redeem Shares -- Other Important Redemption Information."
Shareholders may change their Pre-Designated Accounts only by a letter of
instruction to the Transfer Agent containing all account signatures, each of
which must be guaranteed. The Transfer Agent currently does not charge a bank
wire service fee for each wire redemption sent, but reserves the right to do so
in the future.
REDEMPTIONS BY TELEPHONE. Redemption requests may be made by telephone by
calling the Transfer Agent at the appropriate toll-free number provided in the
Shareholder Account Manual, provided telephone redemption forms have been signed
and filed. REDEMPTION REQUESTS MAY NOT BE MADE BY TELEPHONE FOR THIRTY DAYS
FOLLOWING ANY CHANGE OF THE SHAREHOLDER'S ADDRESS OF RECORD. THE TRANSFER AGENT
AND THE FUND ARE NOT RESPONSIBLE FOR THE AUTHENTICITY OF TELEPHONE REDEMPTION
REQUESTS.
Shareholders automatically have telephone privileges to authorize redemptions.
The Fund, G.T. Global and the Transfer Agent shall not be liable for any loss or
damage for acting in good faith upon instructions received by telephone and
reasonably believed to be genuine. The Fund employs reasonable procedures to
confirm that instructions communicated by telephone are genuine, including
requiring some form of personal identification prior to acting upon instructions
received by telephone, providing written confirmation of such transactions,
and/or tape recording of telephone instructions. The Fund may be liable for any
losses due to unauthorized or fraudulent instructions if it does not follow
reasonable procedures.
REDEMPTIONS BY MAIL. Redemption requests should be mailed directly to the
Transfer Agent at the appropriate address provided in the Shareholder Account
Manual. As discussed above, requests for payment of redemption proceeds to a
party other than the registered account owner(s) and/or requests that redemption
proceeds be mailed to an address other than the shareholder's address of record
require a signature guarantee. In addition, if the shareholder's address of
record has been changed within the preceding thirty days, a signature guarantee
is required.
CHECKWRITING. Shareholders may redeem Class A shares of the Fund by writing
checks, a supply of which may be obtained through the Transfer Agent, against
their Fund accounts. The minimum check amount is $300. When the check is
presented to the Transfer Agent for payment, the Transfer Agent will cause the
Fund to redeem a sufficient number of Class A shares to cover the amount of the
check. This procedure enables the shareholder to continue receiving dividends on
those shares until such time as the check is presented to the Transfer Agent for
payment. Cancelled checks are not returned; however, shareholders may obtain
photocopies of their cancelled checks upon request. If a Class A shareholder
does not own sufficient Class A shares to cover a check, the check will be
returned to the payee marked "not sufficient funds." Checks written in amounts
less than $300 also will be returned. The Fund and the Transfer Agent reserve
the right to terminate or modify the checkwriting service at any time or to
impose a service charge in connection therewith.
Because the aggregate amount of Class A shares owned by a shareholder is likely
to change each day, shareholders should not attempt to redeem all Class A shares
held in their accounts by using the check redemption procedure. Charges may be
imposed for specially imprinted checks, business checks, copies of cancelled
checks, stop payment orders, checks returned "not sufficient funds" and checks
returned because they are written for less than $300; these charges will be paid
by redeeming automatically an appropriate number of Class A shares.
Class A shareholders who are interested in checkwriting should obtain the
necessary forms by calling the Transfer Agent at the number provided in the
Shareholder Account Manual. Checkwriting generally is not available to persons
who hold Class A shares in tax-deferred retirement plan accounts.
Checkwriting is not available to redeem Class B shares of the Fund.
SYSTEMATIC WITHDRAWAL PLAN. Shareholders owning shares with a value of $10,000
or more may participate in the G.T. Global Systematic Withdrawal Plan. A
participating shareholder will receive monthly, quarterly or annual redemptions
of Fund
Prospectus Page 16
<PAGE>
G.T. GLOBAL DOLLAR FUND
shares with respect to either Class A or Class B shares. No contingent deferred
sales charge will be imposed on redemptions made under the Systematic Withdrawal
Plan. The minimum withdrawal amount is $100. The amount or percentage a
participating shareholder specifies to be redeemed may not, on an annualized
basis, exceed 12% of the value of the account, as of the time the shareholder
elects to participate in the Systematic Withdrawal Plan. To participate in the
Systematic Withdrawal Plan, investors should complete the appropriate portion of
the Supplemental Application provided at the end of this Prospectus. Investors
should contact their broker/dealers or the Transfer Agent for more information.
OTHER IMPORTANT REDEMPTION INFORMATION. A request for redemption will not be
processed until all of the necessary documentation has been received in good
order. A shareholder in doubt about what documents are required should contact
his or her broker/dealer or the Transfer Agent.
Except in extraordinary circumstances and as permitted under the 1940 Act,
payment for shares redeemed by telephone or by mail will be made promptly after
receipt of a redemption request, if in good order, but not later than seven days
after the date the request is executed. Requests for redemption which are
subject to any special conditions or which specify a future or past effective
date cannot be accepted.
If the Transfer Agent is requested to redeem shares for which the Fund has not
yet received good payment, the Fund may delay payment of redemption proceeds
until it has assured itself that good payment has been collected for the
purchase of the shares. In the case of purchases by check, it can take up to 10
business days to confirm that the check has cleared and good payment has been
received. Redemption proceeds will not be delayed when shares have been paid for
by wire or when the investor's account holds a sufficient number of shares for
which funds already have been collected.
The Fund may redeem the shares of any shareholder whose account is reduced to
less than $500 in net asset value through redemptions or other action by the
shareholder. Written notice will be given to the shareholder at least 60 days
prior to the date fixed for such redemption, during which time the shareholder
may increase his or her holdings to an aggregate amount of $500 or more (with a
minimum purchase of $100 or more).
Prospectus Page 17
<PAGE>
G.T. GLOBAL DOLLAR FUND
SHAREHOLDER ACCOUNT MANUAL
- --------------------------------------------------------------------------------
Shareholders are encouraged to place purchase, exchange and redemption orders
through their broker/dealers. Shareholders also may place such orders directly
through G.T. Global in accordance with this Manual. See "How to Invest," "How to
Make Exchanges" and "How to Redeem Shares" for more information.
The Fund's Transfer Agent is G.T. GLOBAL INVESTOR SERVICES, INC.
INVESTMENTS BY MAIL
Send completed Account Application (if initial purchase) or letter stating Fund
name, shareholder's registered name and account number (if subsequent purchase)
with a check to:
G.T. Global
P.O. Box 7345
San Francisco, California 94120-7345
INVESTMENTS BY BANK WIRE
An investor opening a new account should call 1-800-223-2138 to obtain an
account number. WITHIN SEVEN DAYS OF PURCHASE SUCH AN INVESTOR MUST SEND A
COMPLETED ACCOUNT APPLICATION CONTAINING THE INVESTOR'S CERTIFIED TAXPAYER
IDENTIFICATION NUMBER TO G.T. GLOBAL INVESTOR SERVICES AT THE ADDRESS PROVIDED
ABOVE UNDER "INVESTMENTS BY MAIL." Wire instructions must state Fund name,
shareholder's registered name and account number. Bank wires should be sent
through the Federal Reserve Bank Wire System to:
WELLS FARGO BANK N.A.
ABA 121000248
Attn: GT GLOBAL
Account No. 4023-050701
(Stating Fund name, shareholder's registered name and account number)
EXCHANGES BY TELEPHONE
Call G.T. Global at 1-800-223-2138
EXCHANGES BY MAIL
Send complete instructions, including name of Fund exchanging from, class of
shares, amount of exchange, name of the G.T. Global Mutual Fund exchanging into,
shareholder's registered name and account number, to:
G.T. Global
P.O. Box 7893
San Francisco, California 94120-7893
REDEMPTIONS BY TELEPHONE
Call G.T. Global at 1-800-223-2138
REDEMPTIONS BY MAIL
Send complete instructions, including name of Fund, amount of redemption,
shareholder's registered name and account number, to:
G.T. Global
P.O. Box 7893
San Francisco, California 94120-7893
OVERNIGHT MAIL
Overnight mail services do not deliver to post office boxes. To send purchase,
exchange or redemption orders by overnight mail, comply with the above
instructions but send to the following:
G.T. Global Investor Services
California Plaza
2121 N. California Boulevard
Suite 450
Walnut Creek, California 94956
ADDITIONAL QUESTIONS
Shareholders with additional questions regarding purchase, exchange and
redemption procedures may call G.T. Global at 1-800-223-2138.
Prospectus Page 18
<PAGE>
G.T. GLOBAL DOLLAR FUND
CALCULATION OF NET ASSET VALUE
- --------------------------------------------------------------------------------
The Fund intends to use its best efforts to maintain its net asset value at
$1.00 per share. There can be no assurance that the Fund will be able to
maintain a stable price of $1.00 per share. The value of each share of the Fund
is computed by dividing the Fund's net assets by the number of its outstanding
shares. "Net assets" equal the value of the Fund's investments and other assets
less its liabilities. The Fund's net asset value per share is computed once each
Business Day at the close of regular trading on the New York Stock Exchange
("NYSE") (currently 4:00 p.m. Eastern time, unless weather, equipment failure or
other factors contribute to an earlier closing time). Net asset value is
determined separately for each class of the Fund's shares.
The Fund values its portfolio securities using the amortized cost method of
valuation, pursuant to which the market value of an instrument is approximated
by amortizing the difference between the acquisition cost and value at maturity
of the instrument on a straight-line basis over its remaining life. All cash,
receivables and current payables are carried at their face value. Other assets,
if any, are valued at fair value as determined in good faith by or under the
direction of the Company's Board of Directors.
- --------------------------------------------------------------------------------
DIVIDENDS AND TAXES
- --------------------------------------------------------------------------------
DIVIDENDS. Dividends are declared daily and paid monthly from the Fund's net
investment income and any realized net short-term capital gain (the excess of
short-term capital gains over short-term capital losses). The Fund's net
investment income includes accrued interest and earned discount (including both
original issue and market discounts), less amortization of premium and
applicable expenses. Fund shares begin to earn dividends on the day following
the day on which Federal Funds become available. Dividends paid by the Fund with
respect to all classes of its shares are calculated in the same manner and at
the same time. The per share dividends on Class B shares will be lower than per
share dividends on Class A shares as a result of the higher service and
distribution fees applicable to the Class B shares; the per share dividends on
both such classes of shares will be lower than the per share dividends on the
Advisor Class shares as a result of the absence of any service and distribution
fees applicable to Advisor Class shares.
Dividends are automatically reinvested in Fund shares of the distributing class
unless the investor has elected to receive them in cash. Cash payments may be
elected on the Account Application located at the end of this Prospectus or
through the investor's broker. Reinvestments in another G.T. Global Mutual Fund
may only be directed to an account with the identical shareholder registration
and account number. An election to receive dividends in additional shares or in
cash may be changed at any time, but, to be effective for a particular dividend,
the investor or the investor's broker must notify the Transfer Agent at least
fifteen Business Days prior to the payment date. Shares earn dividends on the
day of redemption. THE FEDERAL INCOME TAX STATUS OF DIVIDENDS IS THE SAME
WHETHER THEY ARE RECEIVED IN CASH OR REINVESTED IN ADDITIONAL FUND SHARES.
The Fund does not expect to realize long-term capital gain and thus does not
anticipate payment of any capital gain distributions.
TAXES. The Fund intends to continue to qualify for treatment as a regulated
investment company under the Code. In each taxable year that the Fund so
qualifies, the Fund (but not its shareholders) will be relieved of federal
income tax on that part of its investment company taxable income (consisting of
net investment income and any net short-term
Prospectus Page 19
<PAGE>
G.T. GLOBAL DOLLAR FUND
capital gain) that is distributed to its shareholders. Such distributions are
taxable to the Fund's shareholders as ordinary income to the extent of the
Fund's earnings and profits, whether they are received in cash or reinvested in
additional Fund shares.
The Fund provides federal tax information to its shareholders annually,
including information about dividends paid during the preceding year.
The Fund must withhold 31% of all dividends payable to any individuals and
certain other noncorporate shareholders who (i) have not furnished to the Fund a
correct taxpayer identification number or a properly completed claim for
exemption on Form W-8 or W-9 or (ii) otherwise are subject to backup
withholding.
Taxpayer identification numbers may be furnished on the Account Application
provided at the end of this Prospectus. Fund accounts opened via a bank wire
purchase (see "How to Invest -- Purchases Through the Distributor") are
considered to have uncertified taxpayer identification numbers unless a
completed Form W-8 or W-9 or Account Application is received by the Transfer
Agent within seven days after the purchase. A shareholder should contact the
Transfer Agent if the shareholder is uncertain whether a proper taxpayer
identification number is on file with the Fund.
The foregoing is only a summary of some of the important federal tax
considerations generally affecting the Fund and its shareholders. See "Dividends
and Taxes" in the Statement of Additional Information for a further discussion.
There may be other federal, state, local or foreign tax considerations
applicable to a particular investor. Prospective investors are therefore urged
to consult their tax advisers.
- --------------------------------------------------------------------------------
MANAGEMENT
- --------------------------------------------------------------------------------
The Company's Board of Directors has overall responsibility for the operation of
the Fund. Pursuant to such responsibility, the Board has approved contracts with
various financial organizations to provide, among other things, day to day
management services required by the Fund.
INVESTMENT MANAGEMENT AND ADMINISTRATION. Services provided by G.T. Capital as
the Fund's investment manager and administrator include, but are not limited to,
determining the composition of the Fund's portfolio and placing orders to buy,
sell or hold particular securities; furnishing corporate officers and clerical
staff; providing office space, services and equipment; and supervising all
matters relating to the Fund's operation. For these services, the Fund pays G.T.
Capital management and administration fees, computed daily and paid monthly, at
the annualized rate of 0.50% of the Fund's average daily net assets.
G.T. Capital, organized in 1973, provides investment management and/or
administration services to all the G.T. Global Mutual Funds as well as other
institutional, corporate and individual clients. The offices of G.T. Capital are
located at 50 California Street, 27th Floor, San Francisco, California 94111.
G.T. Capital is the U.S. member of the G.T. Group, an international investment
advisory organization founded in 1969 for the purpose of rendering international
portfolio management services to both institutional and individual clients.
Since the G.T. Group was established it has gained a reputation as a leader in
identifying and investing in emerging and established markets around the world.
As of January 3, 1995, total assets under G.T. Group management exceeded $22
billion. Of this amount, more than $19 billion was invested in the securities of
foreign issuers.
In addition to the San Francisco office, the G.T. Group maintains investment
offices in London, Hong Kong, Tokyo, Toronto, Singapore and Sydney. Many of G.T.
Capital's investment managers are natives of the countries in which they invest
and have the advantage of being close to the financial markets they follow and
speaking the languages of local corporate and government leaders. G.T. Capital's
experienced management team is situated to react quickly to changes in foreign
markets which are in time zones different from those in the United States.
G.T. Capital and the other companies in the G.T. Group are subsidiaries of BIL
GT Group Limited ("BIL GT Group"), a financial services holding
Prospectus Page 20
<PAGE>
G.T. GLOBAL DOLLAR FUND
company. BIL GT Group in turn is controlled by the Prince of Liechtenstein
Foundation, which serves as the parent organization for the various business
enterprises of the Princely Family of Liechtenstein. Its principal business
address is Harrengasse 12, FL-9490, Vaduz, Liechtenstein.
In managing the Fund, G.T. Capital employs a team approach, taking advantage of
the resources of its various investment offices around the world in seeking to
achieve the Fund's objective. In addition, in managing the Fund these
individuals utilize the research and related work of other members of G.T.
Capital's investment staff. 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 Overall supervision since 1992 Chief Investment Officer -- Global
San Francisco Fixed Income 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)
Donald Shute Portfolio manager since 1991 Portfolio Manager for G.T. Capital
San Francisco since 1991; Assistant Portfolio
Manager for G.T. Capital from 1990 to
1991; From 1989 to 1990, Mr. Shute
was a Bond Analyst at Wells Fargo
Asset Management; Prior thereto, he
was an Equity Analyst at Security
Pacific Investment Research
</TABLE>
In placing orders for the Fund's portfolio transactions, G.T. Capital seeks to
obtain the best net results. The money market instruments in which the Fund
invests generally are traded on a "net" basis in over-the-counter ("OTC")
markets with a dealer acting as principal for its own account without a stated
commission, although the price of the security usually includes a profit
("spread") to the dealer. G.T. Capital has no agreement or commitment to place
orders with any dealer. On occasion, money market obligations may be purchased
directly from an issuer, in which case no spreads are paid. Consistent with its
obligation to obtain the best net results, G.T. Capital may consider a dealer's
sale of shares of the G.T. Funds as a factor in considering through whom
portfolio transactions will be effected.
DISTRIBUTION OF FUND SHARES. G.T. Global is the distributor, or principal
underwriter, of the Fund's Class A and Class B shares. Like G.T. Capital, G.T.
Global is a subsidiary of BIL GT Group with offices at 50 California Street,
27th Floor, San Francisco, California 94111. As distributor, G.T. Global may,
from time to time, make ongoing payments to brokerage firms, financial
institutions (including banks) and others that facilitate the administration and
servicing of shareholder accounts.
Under a plan of distribution adopted by the Company's Board of Directors
pursuant to Rule 12b-1 under the 1940 Act, with respect to the Fund's Class A
shares ("Class A Plan"), the Fund may pay G.T. Global a service fee at the
annualized rate of up to 0.25% of the average daily net assets of the Fund's
Class A shares for its expenditures incurred in servicing and maintaining
shareholder accounts, and may pay G.T. Global a distribution fee at the
annualized rate of up to 0.25% of the average daily net assets of the Fund's
Class A shares, less any amounts paid by the Fund as the aforementioned service
fee, for its expenditures incurred in providing services as distributor. All
expenses for which G.T. Global is reimbursed
Prospectus Page 21
<PAGE>
G.T. GLOBAL DOLLAR FUND
under the Class A Plan will have been incurred within one year of such
reimbursement.
Pursuant to a separate plan of distribution adopted with respect to the Fund's
Class B shares ("Class B Plan"), the Fund may pay G.T. Global a service fee at
the annualized rate of up to 0.25% of the average daily net assets of the Fund's
Class B shares for its expenditures incurred in servicing and maintaining
shareholder accounts, and may pay G.T. Global a distribution fee at the
annualized rate of up to 0.75% of the average daily net assets of the Fund's
Class B shares for its expenditures incurred in providing services as
distributor. G.T. Global does not currently intend to seek reimbursement of any
amounts under the Class A Plan, or of amounts in excess of 0.75% of average
daily net assets, under the Class B Plan. Expenses incurred under the Class B
Plan in excess of 1.00% annually may be carried forward for reimbursement in
subsequent years as long as that plan continues in effect. G.T. Global's service
and distribution expenses include the payment of ongoing commissions; the cost
of any additional compensation paid by G.T. Global to brokers and dealers; the
costs of printing and mailing to prospective investors prospectuses and other
materials relating to the Fund; the costs of developing, printing, distributing
and publishing advertisements and other sales literature; and allocated costs
relating to G.T. Global's distribution activities, including among other things,
employee salaries, bonuses and other overhead expenses. In addition, its
expenses under the Class B Plan include interest on any unreimbursed amounts
carried forward thereunder.
The Glass-Steagall Act and other applicable laws, among other things, generally
prohibit federally chartered or supervised banks from engaging in the business
of underwriting or distributing securities. Accordingly, G.T. Global intends to
engage banks (if at all) only to perform administrative and shareholder
servicing functions. Banks and broker/ dealer affiliates of banks also may
execute dealer agreements with G.T. Global for the purpose of selling shares of
the Fund. If a bank were prohibited from so acting, its shareholder clients
would be permitted to remain shareholders, and alternative means for continuing
the servicing of such shareholders would be sought. It is not expected that
shareholders would suffer any adverse financial consequences as a result of any
of these occurrences.
- --------------------------------------------------------------------------------
OTHER INFORMATION
- --------------------------------------------------------------------------------
STATEMENTS AND REPORTS TO SHAREHOLDERS. Shareholders receive monthly statements
from the Transfer Agent detailing account transactions, such as an additional
investment, redemption or the payment of a dividend or distribution.
ORGANIZATION. The Company was organized as a Maryland corporation in 1981 and is
registered with the SEC as an open-end diversified management investment
company. In July 1985, the name of the Company was changed from "Advisors Cash
Reserve Fund, Inc." to "Advisors Cash Reserves, Inc." In November 1987, the name
of the Company was changed to "G.T. Money Market Series, Inc." and in April
1989, the Company changed its name to "G.T. Investment Portfolios, Inc."
Effective May 1, 1991, the Fund changed its name from "G.T. Money Market Fund"
to "G.T. Global Dollar Fund."
From time to time, the Board of Directors may, at its discretion, establish
additional funds, each corresponding to a distinct investment portfolio and a
distinct series of the Company's common stock.
Pursuant to the Company's Articles of Amendment and Restatement, the Company may
issue two billion shares. Of this number, one billion five hundred million
shares have been classified as shares of the Fund; five hundred million shares
have been classified as Class A shares, five hundred million have been
classified as Class B shares, and five hundred million shares have been
classified as Advisor Class shares. These amounts may be increased from time to
time at the discretion of the Board of Directors. Each share of the Fund
represents an interest in the Fund only, has a par value of $0.001 per share,
represents an equal proportionate interest in the Fund with other shares of the
Fund and is entitled to such dividends and other distributions out of the income
earned and gain
Prospectus Page 22
<PAGE>
G.T. GLOBAL DOLLAR FUND
realized on the assets belonging to the Fund as may be declared at the
discretion of the Board of Directors. Each Class A, Class B and Advisor Class
share of the Fund is equal as to earnings, assets and voting privileges except
as noted below, and each class bears the expenses, if any, related to the
distribution of its shares. Shares of the Fund when issued are fully paid and
nonassessable.
Fund shares are entitled to one vote per share (with proportional voting for
fractional shares) and are freely transferable. Shareholders have no preemptive
or conversion rights. Shares may be voted on the election of Directors and on
other matters submitted to the vote of Fund shareholders. If one or more
additional funds were established, on any matter submitted to a vote of
shareholders, shares of each fund would be voted by that fund's shareholders
individually when the matter affected the specific interest of that fund only,
such as approval of that fund's investment advisory arrangements. In addition,
each class of shares has exclusive voting rights with respect to its
distribution plan. The shares of all the Company's funds would be voted in the
aggregate on other matters, such as the election of Directors and ratification
of the Directors' selection of the Company's independent accountants.
The Company normally will not hold meetings of shareholders except as required
under the 1940 Act. The Company would be required to hold a shareholders'
meeting in the event that at any time less than a majority of the Directors
holding office had been elected by shareholders. Directors shall continue to
hold office until their successors are elected and have qualified. Shares of the
Company do not have cumulative voting rights, which means that the holders of a
majority of the shares voting for the election of Directors can elect all the
Directors. A Director may be removed upon a majority vote of the shareholders
qualified to vote in the election. Shareholders holding 10% of the Company's
outstanding voting securities may call a meeting of shareholders for the purpose
of voting upon the question of removal of any Director or for any other purpose.
The 1940 Act requires the Company to assist shareholders in calling such a
meeting.
SHAREHOLDER INQUIRIES. Shareholder inquiries may be made by calling the Fund at
(800) 223-2138 or by writing to the Fund at 50 California Street, 27th Floor,
San Francisco, California 94111.
PERFORMANCE INFORMATION. From time to time the Fund may advertise its "yield"
and "effective yield" in advertisements or promotional materials ("Performance
Advertisements"). Both yield and effective yield are calculated separately for
Class A, Class B and Advisor Class shares of the Fund. Both yield figures are
based on historical earnings and are not intended to indicate future
performance. It can be expected that these yields will fluctuate substantially.
The "yield" of the Fund refers to the income generated by an investment in the
Fund over a seven-day period (which period will be stated in the advertisement).
This income is then "annualized." That is, the amount of income generated by the
investment during that week is assumed to be generated each week over a 52-week
period and is shown as a percentage of the investment. The "effective yield" is
calculated similarly but, when annualized, the income earned by an investment in
the Fund is assumed to be reinvested. The "effective yield" will be slightly
higher than the "yield" because of the compounding effect of this assumed
reinvestment. The Fund's "yield" and "effective yield" may reflect expenses
after reimbursement pursuant to an undertaking that may be in effect. See
"Management." The Statement of Additional Information describes the methods used
to calculate the Fund's yield and effective yield.
In Performance Advertisements, the Fund may quote its average annual total
return ("Standardized Return"). Standardized Return is calculated separately for
each class of shares of the Fund. Standardized Return shows percentage rates
reflecting the average annual change in the value of an assumed investment in
the Fund at the end of a one-year period and at the end of five- and ten-year
periods, reduced by the maximum applicable sales charge imposed on sales of Fund
shares. If a one-, five- and/or ten-year period has not yet elapsed, data will
be provided as to the end of a shorter period corresponding to the life of the
Fund. Standardized Return assumes the reinvestment of all dividends and capital
gain distributions at net asset value on the reinvestment date established by
the Board of Directors.
In addition, in order to more completely represent the Fund's performance or
more accurately compare such performance to other measures of investment return,
the Fund also may include in advertisements, sales literature and shareholder
reports other total return performance data ("Non-Standardized Return").
Non-Standardized Return reflects percentage rates of return encompassing all
elements of return; it assumes reinvestment of all dividends and capital gain
distributions. Non-Standardized Return may be
Prospectus Page 23
<PAGE>
G.T. GLOBAL DOLLAR FUND
quoted for the same or different periods as those for which Standardized Return
is quoted; it may consist of an aggregate or average annual percentage rate of
return, actual year-by-year rates or any combination thereof. Non-Standardized
Return may or may not take sales charges into account; performance data
calculated without taking the effect of sales charges into account will be
higher than data including the effect of such charges.
The Fund's performance data reflects past performance and is not necessarily
indicative of future results. The Fund's investment results will vary from time
to time depending upon market conditions, the composition of its portfolio and
its operating expenses. These factors and possible differences in calculation
methods should be considered when comparing the Fund's investment results with
those published for other investment companies, other investment vehicles and
unmanaged indices. The Fund's results also should be considered relative to the
risks associated with its investment objective and policies. The Fund will
include performance data for all classes of shares of the Fund in any
advertisement or information including performance data for such Fund. See
"Investment Results" in the Statement of Additional Information.
The Fund's Annual Report contains additional information with respect to its
performance. The Annual Report is available to investors upon request and free
of charge.
TRANSFER AGENT. Shareholder servicing, reporting and general transfer agent
functions for the Fund are performed by G.T. Global Investor Services, Inc. The
Transfer Agent is an affiliate of G.T. Capital and G.T. Global, a subsidiary of
BIL GT Group and maintains offices at 50 California Street, 27th Floor, San
Francisco, CA 94111.
CUSTODIAN AND ACCOUNTING AGENT. State Street Bank and Trust Company, 225
Franklin Street, Boston, Massachusetts 02110 is custodian of the Fund's assets
and serves as the Fund's accounting agent.
COUNSEL. The law firm of Kirkpatrick & Lockhart, 1800 M Street, N.W.,
Washington, D.C., 20036-5891, acts as counsel to the Fund. Kirkpatrick &
Lockhart also acts as counsel to G.T. Capital, G.T. Global and G.T. Global
Investor Services, Inc. in connection with other matters.
INDEPENDENT ACCOUNTANTS. The Company's and the Fund's independent accountants
are Coopers & Lybrand L.L.P., One Post Office Square, Boston, Massachusetts
02109. Coopers & Lybrand L.L.P. conducts an annual audit of the Fund, assists in
the preparation of the Fund's federal and state income tax returns and consults
with the Company and the Fund as to matters of accounting, regulatory filings,
and federal and state income taxation.
MULTIPLE TRANSLATIONS OF THE PROSPECTUS. This Prospectus may be translated into
other languages. In the event of any inconsistency or ambiguity as to the
meaning of any word or phrase contained in a translation, the English text shall
prevail.
Prospectus Page 24
<PAGE>
<TABLE>
<S> <C> <C>
[LOGO]
G.T. GLOBAL
MUTUAL FUNDS
P.O. Box 7345 ACCOUNT APPLICATION
SAN FRANCISCO, CA 94120-7345
800/223-2138
</TABLE>
/ / INDIVIDUAL / / JOINT TENANT / / GIFT/TRANSFER FOR
MINOR / / TRUST / / CORP.
ACCOUNT REGISTRATION
/ / NEW ACCOUNT
/ / ACCOUNT REVISION (Account No.:
---------------------------------------)
NOTE: Trust registrations should specify name of trustee(s), beneficiary(ies)
and date of trust instrument. Registration for Uniform Gifts/Transfers to
Minors accounts should be in the name of one custodian and one minor and
include the state under which the custodianship is created.
<TABLE>
<S> <C> <C> <C>
------------------------------------ --------------------------------------------------------------------------------
Owner Social Security Number / / or Tax I.D. Number / / (Check applicable box)
------------------------------------ If more than one owner, social security number or taxpayer identification number
Co-owner 1 should be provided for first owner listed. If a purchase is made under Uniform Gift/
- ------------------------------------ Transfer to Minors Act, social security number of the minor must be provided.
Co-owner 2 Resident of / / U.S. / / Other (specify)-----------------------------------------
( )
---------------------------------------------------------------------- ---------------------------
Street Address Home Telephone
( )
---------------------------------------------------------------------- ---------------------------
City, State, Zip Code Business Telephone
</TABLE>
FUND SELECTION $500 minimum initial investment required for each Fund
selected. Checks should be made payable to "G.T. GLOBAL."
TO PURCHASE THE FUNDS LISTED BELOW PLEASE SELECT EITHER / / Class A Shares or
/ / Class B Shares (Not available for purchases of $500,000 or more or for the
G.T. Global Dollar Fund).
If a class share box is not checked, your investment will be made in Class A
shares.
<TABLE>
<S> <C> <C> <C> <C>
INITIAL INITIAL
INVESTMENT INVESTMENT
07 / / G.T. GLOBAL WORLDWIDE GROWTH FUND $ 03 / / G.T. GLOBAL EUROPE GROWTH FUND $
---------- ----------
05 / / G.T. GLOBAL INTERNATIONAL GROWTH FUND $ 13 / / G.T. LATIN AMERICA GROWTH FUND $
---------- ----------
16 / / G.T. GLOBAL EMERGING MARKETS FUND $ 06 / / G.T. GLOBAL AMERICA GROWTH FUND $
---------- ----------
11 / / G.T. GLOBAL HEALTH CARE FUND $ 04 / / G.T. GLOBAL JAPAN GROWTH FUND $
---------- ----------
15 / / G.T. GLOBAL TELECOMMUNICATIONS FUND $ 10 / / G.T. GLOBAL GROWTH & INCOME FUND $
---------- ----------
19 / / G.T. GLOBAL INFRASTRUCTURE FUND $ 09 / / G.T. GLOBAL GOVERNMENT INCOME FUND $
---------- ----------
17 / / G.T. GLOBAL FINANCIAL SERVICES FUND $ 08 / / G.T. GLOBAL STRATEGIC INCOME FUND $
---------- ----------
21 / / G.T. GLOBAL NATURAL RESOURCES FUND $ 18 / / G.T. GLOBAL HIGH INCOME FUND $
---------- ----------
22 / / G.T. GLOBAL CONSUMER PRODUCTS AND SERVICES FUND $ 01 / / G.T. GLOBAL DOLLAR FUND $
---------- ----------
02 / / G.T. GLOBAL NEW PACIFIC GROWTH FUND $
----------
CHECKWRITING PRIVILEGE
Checkwriting privilege available on Class A shares of G.T. Global Dollar Fund and G.T. Global Government Income Fund.
/ / Check here if desired. You will be sent a book of checks.
CAPITAL GAINS AND DIVIDEND DISTRIBUTIONS TOTAL INITIAL INVESTMENT: $
----------
All capital gains and dividend distributions will be reinvested in additional shares of the same class unless appropriate
boxes below are checked:
/ / Pay capital gain distributions only in cash / / Pay dividends only in cash / / Pay capital gain distributions AND
dividends in cash.
SPECIAL CAPITAL GAINS AND DIVIDEND DISTRIBUTIONS OPTION
Pay distributions noted above to another G.T. Global Fund: Fund Name ------------------------------------------
</TABLE>
AGREEMENTS & SIGNATURES
By the execution of this Account Application, I/we represent and warrant that
I/we have full right, power and authority and am/are of legal age in my/our
state of residence to make the investment applied for pursuant to this
Application. The person(s), if any, signing on behalf of the investor
represent and warrant that they are duly authorized to sign this Application
and to purchase, redeem or exchange shares of the Fund(s) on behalf of the
investor. I/WE HEREBY AFFIRM THAT I/WE HAVE RECEIVED A CURRENT PROSPECTUS OF
THE G.T. FUND(S) IN WHICH I/WE AM/ARE INVESTING AND I/WE AGREE TO ITS TERMS
AND CONDITIONS.
I/WE AND MY/OUR ASSIGNS AND SUCCESSORS UNDERSTAND AND AGREE THAT THE ACCOUNT
WILL BE SUBJECT TO THE TELEPHONE EXCHANGE AND TELEPHONE REDEMPTION PRIVILEGES
DESCRIBED IN THE CURRENT PROSPECTUS TO WHICH THIS APPLICATION IS ATTACHED AND
AGREE THAT G.T. GLOBAL FINANCIAL SERVICES, INC., G.T. GLOBAL GROWTH SERIES,
G.T. INVESTMENT FUNDS, INC., G.T. INVESTMENT PORTFOLIOS, INC. AND THE FUNDS'
TRANSFER AGENT, THEIR OFFICERS AND EMPLOYEES, WILL NOT BE LIABLE FOR ANY LOSS
OR DAMAGES ARISING OUT OF ANY SUCH TELEPHONE, TELEX OR TELEGRAPHIC
INSTRUCTIONS REASONABLY BELIEVED TO BE GENUINE, INCLUDING ANY SUCH LOSS OR
DAMAGES DUE TO NEGLIGENCE ON THE PART OF SUCH ENTITIES. THE INVESTOR(S)
CERTIFIES(Y) AND AGREE(S) THAT THE CERTIFICATIONS, AUTHORIZATIONS, DIRECTIONS
AND RESTRICTIONS CONTAINED HEREIN WILL CONTINUE UNTIL G.T. GLOBAL FINANCIAL
SERVICES, INC., G.T. GLOBAL GROWTH SERIES, G.T. INVESTMENT FUNDS, INC., G.T.
INVESTMENT PORTFOLIOS, INC. OR THE FUNDS' TRANSFER AGENT RECEIVES WRITTEN
NOTICE OF ANY CHANGE OR REVOCATION. ANY CHANGE IN THESE INSTRUCTIONS MUST BE
IN WRITING AND IN SOME CASES, AS DESCRIBED IN THE PROSPECTUS, REQUIRES THAT
ALL SIGNATURES BE GUARANTEED.
PLEASE INDICATE THE NUMBER OF SIGNATURES REQUIRED TO PROCESS CHECKS OR
WRITTEN REDEMPTION REQUESTS: / / ONE / / TWO / / THREE / / FOUR.
(If you do not indicate the number of required signatures, ALL account
owners must sign checks and/or written redemption requests.)
Under penalties of perjury, I certify that the Taxpayer Identification
Number provided on this form is my (or my employer's, trust's, minor's or
other payee's) true, correct and complete Number and may be assigned to any
new account opened under the exchange privilege. I further certify that I am
(or the payee whose Number is given is) not subject to backup withholding
because: (a) I am (or the payee is) exempt from backup withholding; (b) the
Internal Revenue Service has not notified me that I am (or the payee is)
subject to backup withholding as a result of a failure to report all interest
or dividends; OR (c) the I.R.S. has notified me that I am (the payee is) no
longer subject to backup withholding;
OR, / / I am (the payee is) subject to backup withholding.
ALL ACCOUNT OWNERS MUST SIGN BELOW (Minors are not authorized signers)
Account revisions may require that signatures be guaranteed. Please see the
Prospectus.
<TABLE>
<S> <C>
-----------------------------------------------------------
Date
X X
---------------------------------------------------------- ----------------------------------------------------------
X X
---------------------------------------------------------- ----------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<S> <C>
ACCOUNT PRIVILEGES
TELEPHONE EXCHANGE AND REDEMPTION AUTHORITY TO TRANSMIT REDEMPTION PROCEEDS TO
PRE-DESIGNATED ACCOUNT
I/We, either directly or through the Authorized By completing the following section, redemptions
Agent, if any, named below, hereby authorize the which exceed $1,000
Transfer Agent of the G.T. Global Mutual Funds, may be wired or mailed to a Pre-Designated Account
to honor any telephone, telex or telegraphic at your bank. (Wiring instructions may be obtained
instructions reasonably believed to be authentic from your bank.) A bank wire service fee may be
for redemption and/or exchange between a similar charged.
class of shares of any of the Funds distributed
by G.T. Global Financial Services, Inc. --------------------------------------------------
Name of Bank
SPECIAL PURCHASE AND REDEMPTION PLANS
/ / I have completed and attached the --------------------------------------------------
Supplemental Application for: Bank Address
/ / AUTOMATIC INVESTMENT PLAN
/ / SYSTEMATIC WITHDRAWAL PLAN --------------------------------------------------
OTHER Bank A.B.A Number Account
/ / I/We owned shares of one or more Funds Number
distributed by G.T. Global Financial
Services, Inc. as of April 30, 1987 and --------------------------------------------------
since that date continuously have owned Names(s) in which Bank Account is Established
shares of such Funds. Attached is a schedule A corporation (or partnership) must also submit a
showing the numbers of each of my/our "Corporate Resolution"
Shareholder Accounts. (or "Certificate of Partnership") indicating the
names and titles of Officers authorized to act on
its behalf.
</TABLE>
RIGHT OF ACCUMULATION -- CLASS A SHARES
/ / I/We qualify for the Right of Accumulation sales charge discount
described in the Prospectus and Statement of Additional Information of
the Fund purchased.
/ / I/We own shares of more than one Fund distributed by G.T. Global. Listed
below are the numbers of each of my/our Shareholder Accounts.
/ / The registration of some of my/our shares differs from that shown on this
Application. Below are the account number(s) and registration(s) in each
case.
LIST OF OTHER G.T. FUND ACCOUNTS:
-------------------------------------------
------------------------------------------------------------------------------
-------------------------------------------
------------------------------------------------------------------------------
-------------------------------------------
------------------------------------------------------------------------------
Account Numbers Account Registrations
LETTER OF INTENT -- CLASS A SHARES
/ / I agree to the terms of the Letter of Intent set forth below. Although I
am not obligated to do so, it is my intention to invest over a
thirteen-month period in Class A shares of one or more of the G.T. Global
Mutual Funds in an aggregate amount at least equal to:
/ / $50,000 / / $100,000 / / $250,000 / / $500,000
When a shareholder signs a Letter of Intent in order to qualify for a reduced
sales charge, Class A shares equal to 5% (in no case in excess of 1/2 of 1%
after an aggregate of $500,000 has been purchased under the Letter) of the
dollar amount specified in this Letter will be held in escrow in the
Shareholder's Account out of the initial purchase (or subsequent purchases, if
necessary) by G.T. Global Financial Services, Inc. ("G.T. Global"). All
dividends and other distributions will be credited to the Shareholder's
Account in shares (or paid in cash, if requested). If the intended investment
is not completed within the specified thirteen-month period, the purchaser
will remit to G.T. Global the difference between the sales charge actually
paid and the sales charge which would have been paid if the total of such
purchases had been made at a single time. If this difference is not paid
within twenty days after written request by G.T. Global or the shareholder's
Authorized Agent, the appropriate number of escrowed shares will be redeemed
to pay such difference. If the proceeds from this redemption are inadequate,
the purchaser will be liable to G.T. Global for the balance still outstanding.
The Letter of Intent may be revised upward at any time during the
thirteen-month period, and such a revision will be treated as a new Letter,
except that the thirteen-month period during which the purchase must be made
will remain unchanged. Exchange requests involving escrowed shares must
specifically reference those shares. Exchanges of escrowed shares may be
delayed to allow for the extra processing required.
Any questions relating to this Letter of Intent should be directed to G.T.
Global, 50 California Street, 27th Floor, San Francisco, CA 94111.
FOR USE BY AUTHORIZED AGENT (BROKER/DEALER) ONLY
We hereby submit this Account Application for the purchase of Class A shares
including such shares purchased under a Right of Accumulation or Letter of
Intent or for the purchase of Class B shares in accordance with the terms of
our Dealer Agreement with G.T. Global Financial Services, Inc. and with the
Prospectus and Statement of Additional Information of each Fund purchased. We
agree to notify G.T. Global Financial Services, Inc. of any purchases properly
made under a Letter of Intent or Right of Accumulation.
------------------------------------------------------------------------------
Investment Dealer Name
------------------------------------------------------------------------------
Main Office Address Branch Number Representative's Number Representative's
Name
( )
------------------------------------------------------------------------------
Branch Address Telephone
X
------------------------------------------------------------------------------
Investment Dealer's Authorized Signature Title
<PAGE>
<TABLE>
<S> <C> <C>
[LOGO]
G.T. GLOBAL
MUTUAL FUNDS
P.O. Box 7345 SUPPLEMENTAL APPLICATION
San Francisco, CA SPECIAL INVESTMENT AND
94120-7345 WITHDRAWAL OPTIONS
800/223-2138
</TABLE>
<TABLE>
<S> <C> <C>
ACCOUNT REGISTRATION
Please supply the following information exactly as it appears on the Fund's records.
- --------------------------------------------------------- ---------------------------------------------------------
Fund Name Account Number
- ---------------------------------------------------------- ----------------------------------------------------------
Owner's Name Co-Owner 1
- ---------------------------------------------------------- ----------------------------------------------------------
Co-Owner 2 Telephone Number
- ---------------------------------------------------------- ----------------------------------------------------------
Street Address Social Security or Tax I.D. Number
- ----------------------------------------------------------
City, State, Zip Code
Resident of / / U.S. / / Other
- ---------------------------
AUTOMATIC INVESTMENT PLAN / / YES / / NO
I/We hereby authorize the Transfer Agent of the G.T. Global Mutual Funds to debit my/our personal checking account on
the designated dates in order to purchase / / Class A shares or / / Class B shares of the Fund indicated at the top of
this Supplemental Application at the applicable public offering price determined on that day.
/ / Monthly on the 25th day / / Quarterly beginning on the 25th day of the month you first select
(The request for participation in the Plan must be received by the 1st day of the month in which you wish investments
to begin.)
Amount of each debit (minimum $100) $
-------------------------------------------------
NOTE: A Bank Authorization Form (below) and a voided personal check must accompany the Automatic Investment Plan
Application.
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C>
G.T. GLOBAL
MUTUAL FUNDS AUTOMATIC INVESTMENT PLAN
</TABLE>
[LOGO]
<TABLE>
<S> <C> <C>
BANK AUTHORIZATION
</TABLE>
<TABLE>
<S> <C> <C> <C>
- ------------------------- ------------------------------ ------------
Bank Name Bank Address Bank Account Number
I/We authorize you, the above named bank, to debit my/our account for amounts drawn by the Transfer Agent of the G.T.
Global Mutual Funds, acting as my agent. I/We agree that your rights in respect to each withdrawal shall be the same
as if it were a check drawn upon you and signed by me/us. This authority shall remain in effect until I/we revoke it
in writing and you receive it. I/We agree that you shall incur no liability when honoring any such debit.
I/We further agree that you will incur no liability to me if you dishonor any such withdrawal. This will be so even
though such dishonor results in the forfeiture of investment.
- --------------------------------------------------------- ---------------------------------------------------------
Account Holder's Name Joint Account Holder's Name
X X
- ------------------------------------ -------------- ------------------------------------ --------------
Account Holder's Signature Date Joint Account Holder's Signature Date
</TABLE>
(OVER)
<PAGE>
<TABLE>
<S> <C> <C> <C>
SYSTEMATIC WITHDRAWAL PLAN / / YES / / NO
MINIMUM REQUIREMENTS: $10,000 INITIAL ACCOUNT BALANCE AND $100 MINIMUM PERIODIC PAYMENT.
I/We hereby authorize the Transfer Agent of the G.T. Global Mutual Funds to redeem the necessary number of / / Class
A or / / Class B shares from my/our G.T. Global Account on the designated dates in order to make the following
periodic payments:
/ / Monthly on the 25th day / / Quarterly beginning on the 25th day of the month you first select
(The request for participation in the Plan must be received by the 18th day of the month in which you wish
withdrawals to begin.)
Maximum annual withdrawal of 12% of initial account balance for shares subject to a contingent deferred sales charge.
Withdrawals in excess of 12% of the initial account balance annually may result in assessment of a contingent
deferred sales charge, as described in the applicable Fund's prospectus.
Amount of each check ($100 minimum): $
- -----------------
Please make checks payable to: -------------------------------------------------------------------------------------
(TO BE COMPLETED ONLY IF Recipient
REDEMPTION PROCEEDS TO BE PAID -------------------------------------------------------------------------------------
TO OTHER THAN ACCOUNT HOLDER Street Address
OF RECORD OR MAILED TO ADDRESS -------------------------------------------------------------------------------------
OTHER THAN ADDRESS OF RECORD) City, State, Zip Code
NOTE: If recipient of checks is not the registered shareholder, signature(s) below must be guaranteed. A corporation
(or partnership) must also submit a "Corporate Resolution" (or "Certification of Partnership") indicating the names
and titles of Officers authorized to act on its behalf.
AGREEMENT AND SIGNATURES
The investor(s) certifies(y) and agree(s) that the certifications, authorizations, directions and restrictions
contained herein will continue until the Transfer Agent of the G.T. Global Mutual Funds receives written notice of
any change or revocation. Any change in these instructions must be in writing with all signatures guaranteed (if
applicable).
- ----------------------------------------------------------
Date
X X
- ----------------------------------------------------- --------------------------------------------------
Signature Signature
- ----------------------------------------------------------- --------------------------------------------------------
Signature Guarantee* (if applicable) Signature Guarantee* (if applicable)
X X
- ----------------------------------------------------- --------------------------------------------------
Signature Signature
- ----------------------------------------------------------- --------------------------------------------------------
Signature Guarantee* (if applicable) Signature Guarantee* (if applicable)
*Acceptable signature guarantors: (1) a commercial bank; (2) a U.S. trust company; (3) a member firm of a U.S. stock
exchange;
(4) a foreign branch of any of the foregoing; or (5) any other eligible guarantor institution. A notary public is NOT
an acceptable guarantor. An investor with questions concerning the G.T. Global Mutual Funds signature guarantee
requirement should contact the Transfer Agent.
</TABLE>
- --------------------------------------------------------------------------------
INDEMNIFICATION AGREEMENT
To: Bank Named on the Reverse
In consideration of your compliance with the request and authorization of the
depositor(s) named on the reverse, the Transfer Agent of the G.T. Global Mutual
Funds hereby agrees:
1. To indemnify and hold you harmless from any loss you may incur because of the
payment by you and of any debit by the Transfer Agent to its own order on the
account of such depositor(s) and received by you in the regular course of
business for payment, or arising out of the dishonor by you of any debit,
provided there are sufficient funds in such account to pay the same upon
presentation.
2. To defend at its own expense any action which might be brought by any
depositor or any other persons because of your actions taken pursuant to the
above mentioned request or in any manner arising by reason of your participation
in connection with such request.
<PAGE>
G.T. GLOBAL DOLLAR FUND
NOTES
- --------------------------------------------------------------------------------
Prospectus Page 25
<PAGE>
G.T. GLOBAL DOLLAR FUND
NOTES
- --------------------------------------------------------------------------------
Prospectus Page 26
<PAGE>
G.T. GLOBAL DOLLAR FUND
NOTES
- --------------------------------------------------------------------------------
Prospectus Page 27
<PAGE>
G.T. GLOBAL DOLLAR FUND
[LOGO]
G.T. GLOBAL GROUP OF FUNDS
G.T. GLOBAL OFFERS A BROAD RANGE OF MUTUAL FUNDS TO COMPLEMENT MANY
INVESTORS' PORTFOLIOS. FOR MORE INFORMATION AND A PROSPECTUS ON ANY OF THE
G.T. GLOBAL MUTUAL FUNDS, PLEASE CONTACT YOUR INVESTMENT COUNSELOR OR CALL
G.T. GLOBAL DIRECTLY AT 1-800-824-1580.
GROWTH FUNDS
/ / GLOBALLY DIVERSIFIED FUNDS
G.T. GLOBAL WORLDWIDE GROWTH FUND
Invests around the world, including the U.S.
G.T. GLOBAL INTERNATIONAL GROWTH FUND
Provides portfolio diversity by investing outside
the U.S.
G.T. GLOBAL EMERGING MARKETS FUND
Gives access to the growth potential of developing economies
/ / GLOBAL THEME FUNDS
G.T. GLOBAL HEALTH CARE FUND
Invests in growing health care industries worldwide
G.T. GLOBAL TELECOMMUNICATIONS FUND
Invests in companies worldwide that develop, manufacture or sell
telecommunications services or equipment
G.T. GLOBAL INFRASTRUCTURE FUND
Seeks companies that build, improve or maintain a country's infrastructure
G.T. GLOBAL FINANCIAL SERVICES FUND
Focuses on the worldwide opportunities from the demand for financial services
and products
G.T. GLOBAL NATURAL RESOURCES FUND
Concentrates on companies that own, explore or develop natural resources
G.T. GLOBAL CONSUMER PRODUCTS AND
SERVICES FUND
Invests in companies that manufacture, market, retail, or distribute consumer
products or services
/ / REGIONALLY DIVERSIFIED FUNDS
G.T. GLOBAL NEW PACIFIC GROWTH FUND
Offers access to the emerging and established markets of the Pacific Rim,
excluding Japan
G.T. GLOBAL EUROPE GROWTH FUND
Focuses on investment opportunities in the new, unified Europe
G.T. LATIN AMERICA GROWTH FUND
Invests in the emerging markets of Latin America
/ / SINGLE COUNTRY FUNDS
G.T. GLOBAL AMERICA GROWTH FUND
Concentrates on small and medium-sized companies in the U.S.
G.T. GLOBAL JAPAN GROWTH FUND
Provides U.S. investors with direct access to the Japanese market
GROWTH AND INCOME FUND
G.T. GLOBAL GROWTH & INCOME FUND
Invests in blue-chip stocks and government bonds from around the world
INCOME FUNDS
G.T. GLOBAL GOVERNMENT INCOME FUND
Earns monthly income from global government securities
G.T. GLOBAL STRATEGIC INCOME FUND
Allocates its assets among debt securities from the U.S., developed foreign
countries and emerging markets
G.T. GLOBAL HIGH INCOME FUND
Invests in debt securities in emerging markets
MONEY MARKET FUND
G.T. GLOBAL DOLLAR FUND
Invests in high quality, U.S. dollar-denominated money market securities
worldwide for stability and preservation of capital
NO DEALER, SALESMAN OR OTHER PERSON HAS BEEN AUTHORIZED TO GIVE ANY
INFORMATION OR TO MAKE ANY REPRESENTATION NOT CONTAINED IN THIS PROSPECTUS
AND, IF GIVEN OR MADE, SUCH INFORMATION OR REPRESENTATION MUST NOT BE RELIED
UPON AS HAVING BEEN AUTHORIZED BY G.T. GLOBAL DOLLAR FUND, G.T. CAPITAL
MANAGEMENT, INC., G.T. INVESTMENT PORTFOLIOS, INC., OR G.T. GLOBAL FINANCIAL
SERVICES, INC. THIS PROSPECTUS DOES NOT CONSTITUTE AN OFFER TO SELL OR
SOLICITATION OF ANY OFFER TO BUY ANY OF THE SECURITIES OFFERED HEREBY IN ANY
JURISDICTION TO ANY PERSON TO WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER IN SUCH
JURISDICTION.
DOLPR50316MC
