GT INVESTMENT PORTFOLIOS INC
497, 1996-07-26
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                             GT GLOBAL DOLLAR FUND
 
                 SUPPLEMENT TO PROSPECTUS DATED APRIL 29, 1996
 
- --------------------------------------------------------------------------------
 
The  following revisions have been made relating to the eligibility requirements
for investing in Advisor Class shares of the GT Global Dollar Fund:
 
Subsections (b)  and  (c) under  "Alternative  Purchase Plan  --  Advisor  Class
Shares," are amended to read as follows:
 
"...(b)  any account with assets of at least $10,000 if (i) a financial planner,
trust company,  bank  trust  department or  registered  investment  adviser  has
investment  discretion over such account, and  (ii) the account holder pays such
person as compensation for  its advice and  other services an  annual fee of  at
least .50% on the assets in the account; (c) any account with assets of at least
$10,000  if (i) such account is established under a "wrap fee" program, and (ii)
the account holder pays the  sponsor of such program an  annual fee of at  least
 .50% on the assets in the account..."
 
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DOLST607005MC.300                                                  July 26, 1996


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