GT INVESTMENT PORTFOLIOS INC
485B24E, 1996-08-02
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<PAGE>






        As filed with the Securities and Exchange Commission on August 2, 1996
                                                                File No. 2-74549
                                                                       811-03297

                          SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C.  20549
                               ------------------------
                                     FORM N-1A
             REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [X]
                      Post-Effective Amendment No. 22
                                         and
     REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [ ]
                                   Amendment No. 17
                                  ------------------

                             GT INVESTMENT PORTFOLIOS, INC. 
                  (Exact name of Registrant as Specified in Charter)

                           50 California Street, 27th Floor
                           San Francisco, California 94111
                 (Address of Principal Executive Offices) (Zip Code)

                 Registrant's Telephone Number, including Area Code:

                                    (415) 392-6181
                                  ------------------

       DAVID J. THELANDER, ESQ.                ARTHUR J. BROWN, ESQ.
       ASSISTANT GENERAL COUNSEL               DANIEL T. STEINER, ESQ.
       LGT ASSET MANAGEMENT, INC.              KIRKPATRICK & LOCKHART LLP
         50 California Street, 24th Floor      1800 Massachusetts Avenue, N.W.
       San Francisco, California 94111            Washington, D.C.  20036
        (Name and Address of Agent Service)             (202) 778-9000
                             ----------------------------

     It is proposed that this filing will become effective:

     [X]      Immediately upon filing pursuant to paragraph (b) of Rule 485.
     [ ]      On ____________ pursuant to paragraph (b) of Rule 485
     [ ]      60 days after filing pursuant to paragraph (a)(i) of Rule 485
     [ ]      On        pursuant to paragraph (a)(i) of Rule 485
     [ ]      75 days after filing pursuant to paragraph (a)(ii) of Rule 485
     [ ]      On        pursuant to paragraph (a)(ii) of Rule 485
     [ ]      This post-effective amendment designates a new effective date for
              a previously filed post-effective amendment.

     Pursuant to Rule 24f-2 under the Investment Company Act of 1940, 
     registrant has elected to register an indefinite number of its shares of
     common stock.  A Rule 24f-2 Notice for Registrant's fiscal year ended
     December 31, 1995 was filed on February 29, 1996.
<PAGE>






                           CALCULATION OF REGISTRATION FEE

     <TABLE>
     <CAPTION>
                                                      Proposed Maximum    Proposed Maximum
       Title of Securities        Amount of Shares    Offering Price      Aggregate            Amount of 
       Being Registered           Being Registered    Per Unit            Offering Price       Registration Fee
       ------------------         ----------------    ----------------    --------------       ----------------

       <S>                        <C>                 <C>                 <C>                  <C>
       Shares of Common Stock,
       Par Value $.001

       GT Global Dollar Fund      146,076,921         $1.00               $146,076,921         $100.00*
     </TABLE>

     The fee for 146,076,921 shares to be registered by this filing has been
     computed on the basis of the market value per share in effect on July 30,
     1996.

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

     *Calculation of the proposed maximum offering price has been made pursuant
     to Rule 24e-2.  During this fiscal year ended December 31, 1995, the fund
     redeemed 9,805,577,211 shares of common stock.  During its current fiscal
     year, the fund used 9,659,790,290 shares it redeemed during its fiscal
     year ended December 31, 1995, for a reduction pursuant to Rule 24f-2(c). 
     The fund currently is registering 145,786,921 shares, which is equal to
     the remaining 145,786,921 shares redeemed during fiscal year ended
     December 31, 1995, plus 290,000 shares.  During its current fiscal year,
     the fund filed no other post-effective amendments for the purpose of the
     reduction pursuant to Rule 24e-2(a).
<PAGE>






                                     SIGNATURES
                                     ----------

     Pursuant to the requirements of the Securities Act of 1933 and the
     Investment Company Act of 1940, as amended, the Registrant hereby
     certifies that it meets all of the requirements for effectiveness of this
     Post-effective Amendment to its Registration Statement pursuant to Rule
     485(b) under the Securities Act of 1933 and caused this Post-Effective
     Amendment to its Registration Statement to be signed on its behalf by the
     undersigned, thereto duly authorized, in the City of San Francisco and the
     State of California, on the 2nd day of August, 1996.  

                               G.T. INVESTMENT PORTFOLIOS, INC.


                               By:  David A. Minella*
                                    President


     Pursuant to the requirements of the Securities Act of 1933, this Post-
     Effective Amendment to the Registration Statement of G.T. Investment
     Portfolios, Inc. has been signed below by the following persons in the
     capacities indicated on August 2, 1996.

     David A. Minella*                 President, Director and
                                       Chairman of the Board
                                       (Chief Executive Officer)
     /s/James R. Tufts
     ------------------------------    Vice President, Treasurer and
        James R. Tufts                 Chief Financial Officer

     /s/Kenneth W. Chancey             Vice President and
     ------------------------------    Chief Accounting Officer
        Kenneth W. Chancey

     <TABLE>
     <CAPTION>
      Signatures                                                  Capacity
      ----------                                                  --------

      <S>                                                         <C>
      /s/      C. Derek Anderson*                                 Director
      --------------------------------------
               C. Derek Anderson*

      /s/      Arthur C. Patterson*                               Director
      --------------------------------------
               Arthur C. Patterson

      /s/      Frank S. Bayley*                                   Director
      --------------------------------------
               Frank S. Bayley*
<PAGE>






      Signatures                                                  Capacity
      ----------                                                  --------

      /s/      Ruth H. Quigley*                                   Director
      --------------------------------------
               Ruth H. Quigley*
     </TABLE>



     *By:  /s/ DAVID J. THELANDER
          ----------------------------------
               David J. Thelander
               Attorney-in-Fact, pursuant to
                   Powers of Attorney previously filed


     *  Power of Attorney dated June 20, 1995 and incorporated herein by
        reference from Post-Effective Amendment Number 21 to the registration 
        statement of G.T. Investment Portfolios, Inc., SEC file 2-74549, filed
        on April 25, 1996.
<PAGE>

<PAGE>






                             KIRKPATRICK & LOCKHART LLP

                           1800 Massachusetts Avenue, N.W.
                             Washington, DC  20036-1800

                               TELEPHONE (202) 778-9000
                               FACSIMILE (202) 778-9100


     EDGAR FILING
     ------------
                                    August 2, 1996


     G.T. Investment Portfolios, Inc.
     LGT Asset Management, Inc.
     50 California Street, 27th Floor
     San Francisco, California 94111

     Dear Sir or Madam:

              G.T.   Investment   Portfolios,  Inc.   (the   "Registrant")   was
     incorporated in  Maryland  on  July 13,  1981.    We  understand  that  the
     Registrant  is  about  to  file  Post-Effective  Amendment  No. 22  to  its
     Registration  Statement  on  Form  N-1A  for  the  purpose  of  registering
     additional shares  of capital stock  of its only  series, GT Global  Dollar
     Fund (the  "Fund"), under  the Securities  Act of  1933, as amended  ("1933
     Act"), pursuant to Section 24(e)(1) of the Investment Company Act of  1940,
     as amended ("1940 Act").

              We have, as  counsel, participated in  various business  and other
     proceedings relating  to the Registrant.   We have  examined copies, either
     certified or otherwise proved to  be genuine, of the  Registrant's Articles
     of Incorporation and By-Laws, as now in effect, the minutes of meetings  of
     its Board of  Directors and other  documents relating  to its  organization
     and operation,  and we are  generally familiar with  its corporate affairs.
     Based  upon the foregoing,  it is  our opinion  that the shares  of capital
     stock of the Fund currently  being registered pursuant to  Section 24(e)(1)
     as reflected  in Post-Effective Amendment  No. 22, when sold in  accordance
     with  the  Registrant's  Articles of  Incorporation  and  By-Laws, will  be
     legally issued,  fully paid and non-assessable,  subject to compliance with
     the 1933 Act, the 1940 Act and  applicable state laws regulating the  offer
     and sale of securities.

              We  hereby  consent to  this  opinion  accompanying Post-Effective
     Amendment  No. 22  which you  are  about to  file  with the  Securities and
     Exchange Commission.   We also consent to  the reference to our  firm under

<PAGE>






     G.T. Investment Portfolios, Inc.
     August 2, 1996
     Page Two


     the caption  "Other Information - Counsel"  in the prospectus of  the Fund,
     filed as part of the Fund's Registration Statement.

                                       Very truly yours,

                                       KIRKPATRICK & LOCKHART LLP


                                       By: /s/ Arthur J. Brown        
                                           ----------------------
                                           Arthur J. Brown
<PAGE>


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