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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 24F-2
ANNUAL NOTICE OF SECURITIES SOLD,
PURSUANT TO RULE 24f-2
READ INSTRUCTIONS AT END OF FORM BEFORE PREPARING FORM.
PLEASE PRINT OR TYPE.
______________________________________________________________________________
1. Name and address of issuer:
G.T. INVESTMENT FUNDS, INC.
50 CALIFORNIA STREET, 27TH FLOOR
SAN FRANCISCO, CA 94111
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2. Name of each series or class of funds for which this notice is filed:
GT GLOBAL STRATEGIC INCOME FUND (CLASS A, B AND ADVISOR CLASS)
GT GLOBAL GOVERNMENT INCOME FUND (CLASS A, B AND ADVISOR CLASS)
GT GLOBAL HEALTH CARE FUND (CLASS A, B AND ADVISOR CLASS)
GT GLOBAL GROWTH & INCOME FUND (CLASS A, B AND ADVISOR CLASS)
GT GLOBAL LATIN AMERICA GROWTH FUND (CLASS A, B AND ADVISOR CLASS)
GT GLOBAL TELECOMMUNICATIONS FUND (CLASS A, B AND ADVISOR CLASS)
GT GLOBAL FINANCIAL SERVICES FUND (CLASS A, B AND ADVISOR CLASS)
GT GLOBAL EMERGING MARKETS FUND (CLASS A, B AND ADVISOR CLASS)
GT GLOBAL HIGH INCOME FUND (CLASS A, B AND ADVISOR CLASS)
GT GLOBAL INFRASTRUCTURE FUND (CLASS A, B AND ADVISOR CLASS)
GT GLOBAL NATURAL RESOURCES FUND (CLASS A, B AND ADVISOR CLASS)
GT GLOBAL CONSUMER PRODUCTS AND SERVICES FUND (CLASS A, B AND
ADVISOR CLASS)
______________________________________________________________________________
3. Investment Company Act File Number: 811-05426
Securities Act File Number: 33-19338
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4. Last day of fiscal year for which this notice is filed:
OCTOBER 31, 1996
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5. Check box if this notice is being filed more than 180 days after the close
of the issuer's fiscal year for purposes of reporting securities sold
after the close of the fiscal year but before termination of the issuer's
24f-2 declaration:
/ /
______________________________________________________________________________
6. Date of termination of issuer's declaration under Rule 24f-2(a)(1), if
applicable (see instruction A.6):
DATE:________________________
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7. Number and amount of securities of the same class or series which had been
registered under the Securities Act of 1933 other than pursuant to Rule
24f-2 in a prior fiscal year, but which remained unsold at the beginning
of the fiscal year:
-0-
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8. Number and amount of securities registered during the fiscal year other
than pursuant to Rule 24f-2:
NUMBER: 51,169,006
SALE PRICE: $538,004,722
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9. Number and aggregate sale price of securities sold during the fiscal
year:
NUMBER: 635,495,010
SALE PRICE: $10,126,193,900
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10. Number and aggregate sale price of securities sold during the fiscal
year in reliance upon registration pursuant to Rule 24f-2.
NUMBER: 635,495,010
SALE PRICE: $10,126,193,900
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11. Number and aggregate sale price of securities issued during the fiscal
year in connection with dividend reinvestment plans, if applicable (see
instruction B.7):
NUMBER: 18,018,276
SALE PRICE: $233,351,832
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12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during
the fiscal year in reliance on Rule 24f-2
(from Item 10): SALE PRICE: $10,126,193,900
(ii) Aggregate price of shares issued in connection
with dividend reinvestment plans (from Item 11,
if applicable): PRICE: $233,351,832
(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable):
PRICE: $10,359,545,732
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(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction to filing
fees pursuant to Rule 24e-2 (if applicable):
PRICE: $-0-
(v) Net aggregate price of securities sold and issued
during the fiscal year in reliance on Rule 24f-2
[line (i), plus line (ii), less line (iii), plus
line (iv)] (if applicable):
PRICE: $-0-
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law or
regulation (see Instruction C.6):
1/3300
(vii) Fee due [line (i) or line (v) multiplied by
line (vi)]:
FEE: $-0-
INSTRUCTION: ISSUERS SHOULD COMPLETE LINES (ii), (iii), (iv), AND (v) ONLY IF
THE FORM IS BEING FILED WITHIN 60 DAYS AFTER THE CLOSE OF THE
ISSUER'S FISCAL YEAR. SEE INSTRUCTION C.3.
_______________________________________________________________________________
13. Check box if fees are being remitted to the Commission's lockbox
depository as described in section 3a of the Commission's Rules of
Informal and Other Procedures (17 CFR 202.3a).
/ /
_______________________________________________________________________________
SIGNATURES
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This report has been signed below by the following persons on behalf of
the issuer and in the capacities and on the dates indicated.
By /s/ David J. Thelander
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David J. Thelander, Vice President
Date: December 27, 1996
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[KIRKPATRICK & LOCKHART LLP LETTERHEAD]
December 27, 1996
G.T. Investment Funds, Inc.
50 California Street
San Francisco, California 94111
Dear Sir or Madam;
G.T. Investment Funds, Inc. ("Registrant") was incorporated in Maryland
on October 29, 1987. Registrant currently has the following operating series:
GT Global Growth & Income Fund, GT Global Government Income Fund, GT Global
High Income Fund, GT Global Strategic Income Fund, GT Global Emerging Markets
Fund, GT Latin America Growth Fund, GT Global Consumer Products and Services
Fund, GT Global Financial Services Fund, GT Global Health Care Fund, GT
Global Infrastructure Fund, GT Global Natural Resources Fund and GT Global
Telecommunications Fund (the "Funds"). We understand that the Registrant is
about to file a Rule 24f-2 Notice pursuant to Rule 24f-2 under the Investment
Company Act of 1940, as amended ("1940 Act"), for the purpose of making
definite the number of shares which are registered for the Registrant under
the Securities Act of 1933, as amended ("1933 Act"), and which were sold by
the Registrant during its fiscal year ended October 31, 1996.
We have, as counsel, examined copies, either certified or otherwise
proved to be genuine, of the Registrant's Article of Incorporation and
By-Laws, as now in effect, the minutes of meetings of its Board of Directors
and other documents relating to its organization and operation, and we are
generally familiar with its corporate affairs.
Based upon the foregoing, it is our opinion that the shares of the
Registrant's capital stock sold during the fiscal year ended October 31,
1996, the registration of which will be made definite by the filing of a Rule
24f-2 Notice, were legally issued, fully paid and nonassessable. We express
no opinion as to compliance with the 1933 Act, the 1940 Act or applicable
state securities laws in connection with the sales of shares of Registrant's
capital stock.
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G.T. Investment Funds, Inc.
December 27, 1996
Page 2
We hereby consent to this opinion accompanying the Rule 24f-2 Notice
which you are about to file with the Securities and Exchange Commission. We
also consent to the reference to our firm under the caption "Other
Information - Counsel" in the statement of additional information
incorporated by reference into the prospectuses of the Funds, filed as part
of the Registrant's registration statement.
Very truly yours,
KIRKPATRICK & LOCKHART LLP
By: /s/ Daniel T. Steiner
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Daniel T. Steiner
