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G.T. GLOBAL GROWTH & INCOME FUND:
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 the G.T. Global Growth &
Income Fund, and (2) involuntary redemption of such shares.
On page 3, under "Prospectus Summary -- Advisor Class Shares," and on page 13,
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 Fund's Prospectus entitled "How To Invest" on page 13:
"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 the Fund is $500. Subsequent purchase minimum
is $100. On page 16, under paragraph four of the heading "Other Important
Redemption Information," the Fund 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
22, 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 Fund's
portfolio management team contained in the section of the Fund's Prospectus on
page 20 entitled "Management":
"The investment professionals primarily responsible for the portfolio management
of the Fund are as follows:
GROWTH & INCOME FUND
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RESPONSIBILITIES FOR BUSINESS EXPERIENCE
NAME/OFFICE THE FUND LAST FIVE YEARS
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Nicholas S. Train Portfolio Manager since 1991 Portfolio Manager for G.T. Capital since 1991; prior
London thereto, Portfolio Manager for G.T. Management PLC
(London).
Paul Griffiths Portfolio Manager since 1995 Portfolio Manager for G.T. Management PLC (London) and G.T.
London Capital since 1994; from 1993 to 1994, Global Bond Fund
Manager, Lazard Investors; from 1991 to 1993, Global Bond
Fund Manager, Sanwa International PLC; from 1989 to 1991,
Account Officer, Royal Bank of Canada."
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GROSX51020MC October 20, 1995
