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GT GLOBAL INCOME FUNDS
SUPPLEMENT TO PROSPECTUS DATED FEBRUARY 29, 1996
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The following revisions have been made relating to the eligibility requirements
for investing in Advisor Class shares of each of the GT Global Income Funds:
Subsections (b) and (c) under "Alternative Purchase Plan -- Advisor Class
Shares," are amended to read as follows:
"...(b) any account with assets of at least $10,000 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; (c) any account with assets of at least
$10,000 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 following paragraph has been added under "How To Invest -- Purchasing Class
A Shares -- Sales Charge Waivers -- Class A Shares," to allow a certain class of
investors to be sold Class A shares of the GT Global Income Funds at net asset
value without imposition of sales charges:
"...(xiii) Effective August 1, 1996, an investor purchasing shares of a Fund
with redemption proceeds from a registered management investment company that is
not one of the GT Global Mutual Funds, on which the investor was subject to a
front-end sales charge or a contingent deferred sales charge."
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INCST607075MC.300 July 26, 1996
