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G.T. GLOBAL INCOME FUNDS:
ADVISOR CLASS
SUPPLEMENT TO PROSPECTUS DATED
MARCH 1, 1995, AS REVISED JUNE 1, 1995
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The following revisions have been made relating to (1) the eligibility
requirements for investing in Advisor Class shares of each of the G.T. Global
Income Funds, and (2) involuntary redemption of such shares.
On page 3, under "Prospectus Summary -- Advisor Class Shares," and on page 26,
under "How to Invest -- General," section (b) is amended to read "any account
with assets of at least $25,000 if (i) a financial planner, trust company, bank
trust department, or registered investment adviser has investment discretion
over such account, and (ii) the account holder pays such person as compensation
for its advice and other services an annual fee of at least .50% on the assets
in the account;" and section (c) is amended to read "any account with assets of
at least $25,000 if (i) such account is established under a 'wrap fee' program
and (ii) the account holder pays the sponsor of such program an annual fee of at
least .50% on the assets in the account." The other eligible groups described
under sections (a), (d) and (e) in that paragraph remain unchanged.
The following information should be inserted at the end of the first paragraph
in the section of the Funds' Prospectus entitled "How To Invest" on page 27:
"Investors may be charged a fee by their agents or brokers if they effect
transactions other than through a dealer."
The minimum initial investment for each Fund is $500. Subsequent purchase
minimum is $100. On page 30, under paragraph four of the heading "Other
Important Redemption Information," the Funds and G.T. Global Financial Services,
Inc. each reserves the right to redeem the shares of any investor whose
investment is reduced, by reason of redemptions, to less than $500 in the Fund.
Under "Other Information -- Confirmations and Reports to Shareholders" on page
37, the following information should be inserted immediately prior to the last
sentence of the paragraph: "Under certain circumstances, duplicate mailings of
such reports to the same household may be consolidated."
Under "Other Information -- Custodian and Accounting Agent," it should be noted
that effective July 1, 1995, G.T. Capital serves as each Fund's pricing and
accounting agent. The monthly fee for these services to G.T. Capital is a
percentage, not to exceed 0.03% annually, of the Fund's average daily net
assets. The annual fee rate is derived by applying 0.03% to the first $5 billion
of assets of all registered mutual funds advised by G.T. Capital ("G.T. Funds")
and 0.02% to the assets in excess of $5 billion and dividing the result by the
aggregate assets of the G.T. Funds.
On the Advisor Class Account Application, under the heading "Fund Selection,"
the minimum initial investment has been changed to $500 per fund.
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The following information supersedes and replaces the description of the Funds'
portfolio management team contained in the section of the Funds' Prospectus on
page 34 entitled "Management":
"The investment professionals primarily responsible for the portfolio management
of the Funds are as follows:
GOVERNMENT INCOME FUND
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RESPONSIBILITIES FOR BUSINESS EXPERIENCE
NAME/OFFICE THE FUND LAST FIVE YEARS
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Gary Kreps Portfolio Manager Chief Investment Officer -- Global Fixed Income Investments for G.T.
San Francisco since 1992 Capital since 1992; From 1988 to 1992, Mr. Kreps was the Senior Vice
President for Global Fixed Income of Putnam Management Co. (Boston).
Robert F. Allen Portfolio Manager Portfolio Manager for G.T. Capital since 1989.
San Francisco since 1989
STRATEGIC INCOME FUND
<CAPTION>
RESPONSIBILITIES FOR BUSINESS EXPERIENCE
NAME/OFFICE THE FUND LAST FIVE YEARS
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<S> <C> <C>
Gary Kreps Portfolio Manager Chief Investment Officer -- Global Fixed Income Investments for G.T.
San Francisco since 1992 Capital since 1992; From 1988 to 1992, Mr. Kreps was the Senior Vice
President for Global Fixed Income of Putnam Management Co. (Boston).
Simon Nocera Portfolio Manager Portfolio Manager and Economist for G.T. Capital since 1992; From 1991 to
San Francisco since 1992 1992, Mr. Nocera was Senior Vice President and Director for Global Fixed
Income Research at The Putnam Companies; Prior thereto, he was a
Financial Economist at the International Monetary Fund.
Nikos G. Pappayliou Portfolio Manager Trader -- Global Fixed Income Investments for G.T. Capital from 1993 to
San Francisco since 1994 1994. From 1991 to 1992, Mr. Pappayliou was European Fixed Income
Arbitrageur for Swiss Bank (London). Prior thereto, he was Fixed Income
Arbitrageur for Credit Lyonnais (Paris).
HIGH INCOME PORTFOLIO
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RESPONSIBILITIES FOR BUSINESS EXPERIENCE
NAME/OFFICE THE PORTFOLIO LAST FIVE YEARS
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<S> <C> <C>
Gary Kreps Portfolio Manager Chief Investment Officer -- Global Fixed Income Investments for G.T.
San Francisco since Portfolio Capital since 1992; From 1988 to 1992, Mr. Kreps was the Senior Vice
inception in 1992 President for Global Fixed Income for Putnam Management Co. (Boston).
Simon Nocera Portfolio Manager Portfolio Manager and Economist for G.T. Capital since 1992. From 1991 to
San Francisco since Portfolio 1992, Mr. Nocera was Senior Vice President and Director for Global Fixed
inception in 1992 Income Research at The Putnam Companies; Prior thereto, Mr. Nocera was a
Financial Economist at the International Monetary Fund."
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October 20, 1995
INCSX51040MC
