<PAGE>
GT GLOBAL GROWTH & INCOME FUND: ADVISOR CLASS
SUPPLEMENT TO PROSPECTUS DATED FEBRUARY 29, 1996
- --------------------------------------------------------------------------------
The following revisions have been made relating to the eligibility requirements
for investing in Advisor Class shares of the GT Global Growth & Income Fund:
Subsections (b) and (c) under "Prospectus Summary" and "How To Invest --
General," 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 ("Advisory 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 ("Wrap Fee
Account")..."
[LOGO]
GROSX607009MC.300 July 26, 1996
