G T INVESTMENT FUNDS INC
NSAR-A, 1995-06-29
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<PAGE>      PAGE  1
000 A000000 04/30/95
000 C000000 0000826644
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 G. T. INVESTMENT FUNDS, INC.
001 B000000 811-5426
001 C000000 4153926181
002 A000000 50 CALIFORNIA STREET, 27TH FLOOR
002 B000000 SAN FRANCISCO
002 C000000 CA
002 D010000 94111
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 12
007 C010100  1
007 C020100 G.T. GLOBAL STRATEGIC INCOME FUND
007 C030100 N
007 C010200  2
007 C020200 G.T. GLOBAL GOVERNMENT INCOME FUND
007 C030200 N
007 C010300  3
007 C020300 G.T. GLOBAL HEALTH CARE FUND
007 C030300 N
007 C010400  4
007 C020400 G.T. GLOBAL GROWTH & INCOME FUND
007 C030400 N
007 C010500  5
007 C020500 G.T. LATIN AMERICA GROWTH FUND
007 C030500 N
007 C010600  6
007 C020600 G.T. GLOBAL TELECOMMUNICATIONS FUND
007 C030600 N
007 C010700  7
007 C020700 G.T. GLOBAL EMERGING MARKETS FUND
007 C030700 N
007 C010800  8
007 C020800 G.T. GLOBAL HIGH INCOME FUND
007 C030800 N
007 C010900  9
007 C020900 G.T. GLOBAL FINANCIAL SERVICES FUND
007 C030900 N
007 C011000 10
007 C021000 G.T. GLOBAL INFRASTRUCTURE FUND
<PAGE>      PAGE  2
007 C031000 N
007 C011100 11
007 C021100 G.T. GLOBAL NATURAL RESOURCES FUND
007 C031100 N
007 C011200 12
007 C021200 G.T. GLOBAL CONSUMER PRODUCTS & SERVICES FUND
007 C031200 N
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
008 A00AA01 G.T. CAPITAL MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-10254
008 D01AA01 SAN FRANCISCO
008 D02AA01 CA
008 D03AA01 94111
010 A00AA01 G.T. CAPITAL MANAGEMENT, INC.
010 B00AA01 801-10254
010 C01AA01 SAN FRANCISCO
010 C02AA01 CA
010 C03AA01 94111
011 A00AA01 G.T. GLOBAL FINANCIAL SERVICES INC.
011 B00AA01 8-37656
011 C01AA01 SAN FRANCISCO
011 C02AA01 CA
011 C03AA01 94111
012 A00AA01 G.T. GLOBAL INVESTOR SERVICES, INC.
012 B00AA01 84-1848
012 C01AA01 SAN FRANCISCO
012 C02AA01 CA
012 C03AA01 94111
013 A00AA01 COOPERS & LYBRAND
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
015 A00AA01 STATE STREET BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   21
019 C00AA00 GTGLOBALXX
020 A000001 BARINGS SECURITIES INC.
<PAGE>      PAGE  3
020 C000001    248
020 A000002 SMITH NEWCOURT, CARL MARKS
020 C000002    231
020 A000003 INSTINET
020 C000003    210
020 A000004 DOYLE, PATERSON, BROWN & CO.
020 C000004    206
020 A000005 TIEDEMANN INTERNATIONAL RESEARCH
020 C000005    203
020 A000006 DAEWOO SECURITIES
020 C000006    182
020 A000007 MERRILL, LYNCH, PIERCE, FENNER, & SMITH
020 C000007    178
020 A000008 ALLIED RESEARCH
020 C000008    173
020 A000009 HG ASIA SECURITIES
020 C000009    156
020 A000010 BARCLAYS DE ZOATE WEDD
020 C000010    136
021  000000     6022
022 A000001 STATE STREET BANK & TRUST
022 C000001  44484122
022 D000001         0
022 A000002 STOCK BEECH
022 C000002   1914891
022 D000002         0
022 A000003 GOLDMAN, SACHS & CO.
022 C000003    334289
022 D000003    264976
022 A000004 MORGAN STANLEY & CO. INC.
022 C000004    366658
022 D000004    193412
022 A000005 J.P. MORGAN
022 C000005    229034
022 D000005    265146
022 A000006 MERRILL, LYNCH, PIERCE, FENNER AND SMITH
022 C000006    198388
022 D000006    273755
022 A000007 BANQUE PARIBUS
022 C000007    165047
022 D000007    182038
022 A000008 SWISS BANK CORP.
022 C000008    119016
022 D000008    160352
022 A000009 NAT WEST SECURITIES
022 C000009     73186
022 D000009    153740
022 A000010 CARGILL INVESTOR SERVICES
022 C000010     68085
022 D000010     90650
023 C000000   49028433
<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
048 K020300 0.900
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
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<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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<PAGE>      PAGE  27
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<PAGE>      PAGE  28
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<PAGE>      PAGE  29
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<PAGE>      PAGE  30
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<PAGE>      PAGE  31
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<PAGE>      PAGE  32
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<PAGE>      PAGE  33
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<PAGE>      PAGE  34
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<PAGE>      PAGE  35
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<PAGE>      PAGE  36
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<PAGE>      PAGE  37
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<PAGE>      PAGE  38
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<PAGE>      PAGE  39
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<PAGE>      PAGE  40
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<PAGE>      PAGE  41
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070 I020800 N
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070 J020800 N
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<PAGE>      PAGE  42
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<PAGE>      PAGE  43
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<PAGE>      PAGE  44
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<PAGE>      PAGE  45
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<PAGE>      PAGE  46
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<PAGE>      PAGE  47
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<PAGE>      PAGE  48
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<PAGE>      PAGE  49
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<PAGE>      PAGE  50
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<PAGE>      PAGE  51
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<PAGE>      PAGE  52
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<PAGE>      PAGE  53
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<PAGE>      PAGE  54
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<PAGE>      PAGE  55
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<PAGE>      PAGE  56
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028 A041200         0
028 B011200       900
028 B021200         0
028 B031200         0
028 B041200         0
028 C011200       252
028 C021200         0
028 C031200         0
<PAGE>      PAGE  57
028 C041200         8
028 D011200       297
028 D021200         0
028 D031200         0
028 D041200         0
028 E011200       373
028 E021200         0
028 E031200         0
028 E041200        22
028 F011200       206
028 F021200         0
028 F031200         0
028 F041200         4
028 G011200      2028
028 G021200         0
028 G031200         0
028 G041200        34
028 H001200        90
029  001200 Y
030 A001200      7
030 B001200  4.75
030 C001200  0.00
031 A001200      1
031 B001200      0
032  001200      6
033  001200      0
034  001200 Y
035  001200      0
036 A001200 Y
036 B001200      0
037  001200 N
038  001200      0
039  001200 N
040  001200 Y
041  001200 Y
042 A001200   0
042 B001200   0
042 C001200 100
042 D001200   0
042 E001200   0
042 F001200   0
042 G001200   0
042 H001200   0
043  001200      3
044  001200      0
045  001200 N
048  001200  0.000
048 A011200        0
048 A021200 0.000
048 B011200        0
048 B021200 0.000
<PAGE>      PAGE  58
048 C011200        0
048 C021200 0.000
048 D011200        0
048 D021200 0.000
048 E011200        0
048 E021200 0.000
048 F011200        0
048 F021200 0.000
048 G011200        0
048 G021200 0.000
048 H011200        0
048 H021200 0.000
048 I011200        0
048 I021200 0.000
048 J011200        0
048 J021200 0.000
048 K011200        0
048 K021200 0.000
055 A001200 N
055 B001200 N
056  001200 Y
057  001200 N
058 A001200 N
058 B001200 N
058 C001200 N
058 D001200 N
058 E001200 N
059  001200 Y
060 A001200 Y
060 B001200 Y
061  001200      500
062 A001200 N
062 B001200   0.0
062 C001200   0.0
062 D001200   0.0
062 E001200   0.0
062 F001200   0.0
062 G001200   0.0
062 H001200   0.0
062 I001200   0.0
062 J001200   0.0
062 K001200   0.0
062 L001200   0.0
062 M001200   0.0
062 N001200   0.0
062 O001200   0.0
062 P001200   0.0
062 Q001200   0.0
062 R001200   0.0
066 A001200 Y
066 C001200 Y
<PAGE>      PAGE  59
067  001200 N
068 A001200 N
068 B001200 N
069  001200 N
070 A011200 N
070 A021200 N
070 B011200 N
070 B021200 N
070 C011200 N
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 N
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 N
070 J021200 N
070 K011200 Y
070 K021200 Y
070 L011200 N
070 L021200 N
070 M011200 N
070 M021200 N
070 N011200 N
070 N021200 N
070 O011200 N
070 O021200 N
070 P011200 N
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200         0
071 B001200         0
071 C001200         0
071 D001200    0
072 A001200  6
072 B001200       17
072 C001200        7
072 D001200        0
072 E001200        0
072 F001200        0
072 G001200        1
<PAGE>      PAGE  60
072 H001200        0
072 I001200        3
072 J001200        0
072 K001200        0
072 L001200       18
072 M001200        4
072 N001200       97
072 O001200        0
072 P001200        0
072 Q001200        0
072 R001200        8
072 S001200       19
072 T001200        3
072 U001200        3
072 V001200        0
072 W001200       26
072 X001200      182
072 Y001200      170
072 Z001200       12
072AA001200        0
072BB001200        7
072CC011200       21
072CC021200        0
072DD011200        0
072DD021200        0
072EE001200        0
073 A011200   0.0000
073 A021200   0.0000
073 B001200   0.0000
073 C001200   0.0000
074 A001200        0
074 B001200        0
074 C001200        0
074 D001200        0
074 E001200        0
074 F001200        0
074 G001200        0
074 H001200        0
074 I001200     1954
074 J001200        0
074 K001200      170
074 L001200       30
074 M001200       48
074 N001200     2202
074 O001200        0
074 P001200       44
074 Q001200        0
074 R011200        0
074 R021200        0
074 R031200        0
074 R041200       37
<PAGE>      PAGE  61
074 S001200        0
074 T001200     2121
074 U011200      139
074 U021200       43
074 V011200    11.65
074 V021200    11.63
074 W001200   0.0000
074 X001200      295
074 Y001200        0
075 A001200        0
075 B001200     1057
076  001200     0.00
SIGNATURE   PAM RUDDOCK                                  
TITLE       ASSISTANT TREASURER 
 


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SEMI-ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE 
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
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<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            143
<NUMBER-OF-SHARES-REDEEMED>                       (27)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                             798
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    507
<AVERAGE-NET-ASSETS>                              6030
<PER-SHARE-NAV-BEGIN>                            11.60
<PER-SHARE-NII>                                    .08
<PER-SHARE-GAIN-APPREC>                         (1.43)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.25
<EXPENSE-RATIO>                                   2.90
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
SEMI-ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000826644
<NAME> G.T. INVESTMENT FUNDS, INC.
<SERIES>
   <NUMBER> 041
   <NAME> G.T. GLOBAL GROWTH & INCOME FUND - CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1995
<PERIOD-START>                             NOV-01-1994
<PERIOD-END>                               APR-30-1995
<INVESTMENTS-AT-COST>                           617007
<INVESTMENTS-AT-VALUE>                          672950
<RECEIVABLES>                                    16973
<ASSETS-OTHER>                                   81426
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<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       108505
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                            48885
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                           (532)
<ACCUMULATED-NET-GAINS>                        (14141)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         44494
<NET-ASSETS>                                    652050
<DIVIDEND-INCOME>                                 6738
<INTEREST-INCOME>                                 9796
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (6592)
<NET-INVESTMENT-INCOME>                           9942
<REALIZED-GAINS-CURRENT>                       (15753)
<APPREC-INCREASE-CURRENT>                         3900
<NET-CHANGE-FROM-OPS>                           (1911)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (5372)
<DISTRIBUTIONS-OF-GAINS>                         (507)
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<NUMBER-OF-SHARES-SOLD>                           4076
<NUMBER-OF-SHARES-REDEEMED>                     (7201)
<SHARES-REINVESTED>                                850
<NET-CHANGE-IN-ASSETS>                         (25039)
<ACCUMULATED-NII-PRIOR>                              0
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<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             3107
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   6694
<AVERAGE-NET-ASSETS>                            649938
<PER-SHARE-NAV-BEGIN>                             6.21
<PER-SHARE-NII>                                    .10
<PER-SHARE-GAIN-APPREC>                          (.10)
<PER-SHARE-DIVIDEND>                             (.11)
<PER-SHARE-DISTRIBUTIONS>                        (.01)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               6.09
<EXPENSE-RATIO>                                   1.71
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
SEMI-ANNUAL FINANCIAL STATMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE 
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000826644
<NAME> G.T. INVESTMENT FUNDS, INC.
<SERIES>
   <NUMBER> 042
   <NAME> G.T. GLOBAL GROWTH & INCOME FUND - CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1995
<PERIOD-START>                             NOV-01-1994
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<INVESTMENTS-AT-COST>                           617007
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<RECEIVABLES>                                    16973
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<SENIOR-LONG-TERM-DEBT>                              0
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<SENIOR-EQUITY>                                      0
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<DIVIDEND-INCOME>                                 6738
<INTEREST-INCOME>                                 9796
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<REALIZED-GAINS-CURRENT>                       (15753)
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<NUMBER-OF-SHARES-REDEEMED>                     (6224)
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<ACCUMULATED-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   6694
<AVERAGE-NET-ASSETS>                            649938
<PER-SHARE-NAV-BEGIN>                             6.21
<PER-SHARE-NII>                                    .08
<PER-SHARE-GAIN-APPREC>                          (.10)
<PER-SHARE-DIVIDEND>                             (.09)
<PER-SHARE-DISTRIBUTIONS>                        (.01)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               6.09
<EXPENSE-RATIO>                                   2.36
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
SEMI-ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000826644
<NAME> G.T. INVESTMENT FUNDS, INC.
<SERIES>
   <NUMBER> 021
   <NAME> G.T. GLOBAL GOVERNMENT INCOME FUND - CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<PERIOD-START>                             NOV-01-1994
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<INVESTMENTS-AT-COST>                           670740
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<SHARES-COMMON-PRIOR>                                0
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<ACCUMULATED-NET-GAINS>                       (152426)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         16066
<NET-ASSETS>                                    704985
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                30741
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<EXPENSES-NET>                                  (5909)
<NET-INVESTMENT-INCOME>                          24832
<REALIZED-GAINS-CURRENT>                        (8719)
<APPREC-INCREASE-CURRENT>                        22753
<NET-CHANGE-FROM-OPS>                            38866
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (16132)
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<NUMBER-OF-SHARES-SOLD>                           6282
<NUMBER-OF-SHARES-REDEEMED>                    (15082)
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<ACCUMULATED-NII-PRIOR>                              0
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<OVERDISTRIB-NII-PRIOR>                              0
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<AVERAGE-NET-ASSETS>                            713735
<PER-SHARE-NAV-BEGIN>                             8.63
<PER-SHARE-NII>                                    .30
<PER-SHARE-GAIN-APPREC>                            .20
<PER-SHARE-DIVIDEND>                             (.30)
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<RETURNS-OF-CAPITAL>                                 0
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<EXPENSE-RATIO>                                   1.45
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
SEMI-ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000826644
<NAME> G.T. INVESTMENT FUNDS, INC.
<SERIES>
   <NUMBER> 022
   <NAME> G.T. GLOBAL GOVERNMENT INCOME FUND - CLASS B
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<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<DIVIDEND-INCOME>                                    0
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<NUMBER-OF-SHARES-SOLD>                          11487
<NUMBER-OF-SHARES-REDEEMED>                    (13087)
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<AVERAGE-NET-ASSETS>                            713735
<PER-SHARE-NAV-BEGIN>                             8.64
<PER-SHARE-NII>                                    .27
<PER-SHARE-GAIN-APPREC>                            .20
<PER-SHARE-DIVIDEND>                             (.27)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
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<EXPENSE-RATIO>                                   2.10
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
SEMI-ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000826644
<NAME> G.T. INVESTMENT FUNDS, INC.
<SERIES>
   <NUMBER> 031
   <NAME> G.T. GLOBAL HEALTH CARE FUND - CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1995
<PERIOD-START>                             NOV-01-1994
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<EXPENSES-NET>                                  (4424)
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<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.34)
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<PER-SHARE-NAV-END>                              18.73
<EXPENSE-RATIO>                                   1.94
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
SEMI-ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000826644
<NAME> G.T. INVESTMENT FUNDS, INC.
<SERIES>
   <NUMBER> 032
   <NAME> G.T. GLOBAL HEALTH CARE FUND - CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<PERIOD-START>                             NOV-01-1994
<PERIOD-END>                               APR-30-1995
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<DISTRIBUTIONS-OF-GAINS>                        (2846)
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<NUMBER-OF-SHARES-SOLD>                           1680
<NUMBER-OF-SHARES-REDEEMED>                      (848)
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<PER-SHARE-NII>                                  (.11)
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<PER-SHARE-NAV-END>                              18.54
<EXPENSE-RATIO>                                   2.44
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
SEMI-ANNUAL FINANCIAL STATMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE 
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000826644
<NAME> G.T. INVESTMENT FUNDS, INC.
<SERIES>
   <NUMBER> 081
   <NAME> G.T. GLOBAL HIGH INCOME FUND - CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
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<PERIOD-START>                             NOV-01-1994
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<NUMBER-OF-SHARES-REDEEMED>                    (18918)
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<PER-SHARE-GAIN-APPREC>                         (1.87)
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<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
SEMI-ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
SEMI-ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE 
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<NAME> G.T. INVESTMENT FUNDS, INC.
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
SEMI-ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE 
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000826644
<NAME> G.T. INVESTMENT FUNDS, INC.
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
SEMI-ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000826644
<NAME> G.T. INVESTMENT FUNDS, INC.
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
SEMI-ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
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<CIK> 0000826644
<NAME> G.T. INVESTMENT FUNDS, INC.
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
SEMI-ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000826644
<NAME> G.T. INVESTMENT FUNDS, INC.
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   <NUMBER> 111
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
SEMI-ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000826644
<NAME> G.T. INVESTMENT FUNDS, INC.
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   <NAME> G.T. GLOBAL NATURAL RESOURCES FUND - CLASS B
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
SEMI-ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000826644
<NAME> G.T. INVESTMENT FUNDS, INC.
<SERIES>
   <NUMBER> 011
   <NAME> G.T. GLOBAL STRATEGIC INCOME FUND - CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1995
<PERIOD-START>                             NOV-01-1994
<PERIOD-END>                               APR-30-1995
<INVESTMENTS-AT-COST>                           564717
<INVESTMENTS-AT-VALUE>                          569975
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<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                32784
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<EXPENSES-NET>                                  (5841)
<NET-INVESTMENT-INCOME>                          26943
<REALIZED-GAINS-CURRENT>                      (101167)
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<NET-CHANGE-FROM-OPS>                          (38064)
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<INTEREST-EXPENSE>                                   0
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<PER-SHARE-NAV-BEGIN>                            10.88
<PER-SHARE-NII>                                    .46
<PER-SHARE-GAIN-APPREC>                          (.96)
<PER-SHARE-DIVIDEND>                             (.42)
<PER-SHARE-DISTRIBUTIONS>                            0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
SEMI-ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000826644
<NAME> G.T. INVESTMENT FUNDS, INC.
<SERIES>
   <NUMBER> 012
   <NAME> G.T. GLOBAL STRATEGIC INCOME FUND - CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1995
<PERIOD-START>                             NOV-01-1994
<PERIOD-END>                               APR-30-1995
<INVESTMENTS-AT-COST>                           564717
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<DIVIDEND-INCOME>                                    0
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<EXPENSES-NET>                                  (5841)
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<PER-SHARE-NII>                                    .44
<PER-SHARE-GAIN-APPREC>                          (.96)
<PER-SHARE-DIVIDEND>                             (.39)
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
SEMI-ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000826644
<NAME> G.T. INVESTMENT FUNDS, INC.
<SERIES>
   <NUMBER> 061
   <NAME> G.T. GLOBAL TELECOMMUNICATIONS FUND - CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1995
<PERIOD-START>                             NOV-01-1994
<PERIOD-END>                               APR-30-1995
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FUND'S
SEMI-ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000826644
<NAME> G.T. INVESTMENT FUNDS, INC.
<SERIES>
   <NUMBER> 062
   <NAME> G.T. GLOBAL TELECOMMUNICATIONS FUND - CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1995
<PERIOD-START>                             NOV-01-1994
<PERIOD-END>                               APR-30-1995
<INVESTMENTS-AT-COST>                          2409421
<INVESTMENTS-AT-VALUE>                         2466123
<RECEIVABLES>                                    36372
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</TABLE>


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