<PAGE>
GT GLOBAL GROWTH & INCOME FUND: ADVISOR CLASS
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION DATED FEBRUARY 29, 1996
- --------------------------------------------------------------------------------
The following corrects certain calculations under "Investment Results" for Class
B shares of the GT Global Growth & Income Fund:
<TABLE>
<CAPTION>
PERIOD STANDARDIZED RETURN
- ----------------------------------------------------- -------------------------
<S> <C>
October 22, 1992 through October 31, 1995............ 9.41%
<CAPTION>
PERIOD AGGREGATE TOTAL RETURN
- ----------------------------------------------------- -------------------------
<S> <C>
October 22, 1992 through October 31, 1995............ 31.27%
</TABLE>
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GROSTA605 May 13, 1996
