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GT GLOBAL EMERGING MARKETS FUND
GT GLOBAL LATIN AMERICA FUND
SUPPLEMENT TO PROSPECTUS DATED MARCH 1, 1997
SUPPLANTING SUPPLEMENT DATED APRIL 28, 1997
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THE FOLLOWING SUPPLEMENTS THE DISCUSSION UNDER "HOW TO INVEST -- PURCHASING
CLASS B SHARES" WITH RESPECT TO EACH FUND:
Class B shares of a Fund may not be purchased for a Savings Incentive Match Plan
for Employees of Small Employers Individual Retirement Accounts ("SIMPLE IRAs")
for which a designated financial institution was selected by the employer on
Form 5305-SIMPLE. Class B shares of a Fund may still be purchased for SIMPLE
IRAs using Form 5304-SIMPLE. In addition, Class A shares of a Fund may still be
purchased for all SIMPLE IRAs.
THE FOLLOWING REVISES AND SUPERSEDES, AS APPLICABLE, THE DISCUSSION UNDER
"MANAGEMENT" WITH RESPECT TO GT GLOBAL EMERGING MARKETS FUND ("EMERGING MARKETS
FUND") AND GT GLOBAL LATIN AMERICA GROWTH FUND ("LATIN AMERICA FUND"):
Allan Conway has been named a Portfolio Manager for the Emerging Markets Fund.
Mr. Conway joined Chancellor LGT Asset Management, Inc. (the "Manager") and LGT
Asset Management PLC (London), an affiliate of the Manager, in January 1997 as
Head of Global Emerging Markets. Based in London, he manages a centralized team
of global emerging market fund managers. From 1992 to 1997, Mr. Conway was
Director of International Equities at Hermes Investment Management, and from
1982 to 1992 was a Portfolio Manager, and eventually overall Head of Overseas
Equities, at Provident Mutual. Christine Rowley has been named the other
Portfolio Manager for the Emerging Markets Fund. Ms. Rowley has been a Portfolio
Manager for the Manager and LGT Asset Management Ltd. (Hong Kong), an affiliate
of the Manager, since 1992. In this position, Ms. Rowley managed Asian emerging
market portfolios and, commencing in 1997, global emerging market portfolios.
Prior thereto, Ms. Rowley was an Analyst with the Bank of England from 1989 to
1990.
Andrew Boczek has been named a Portfolio Manager for the Latin America Fund. Mr.
Boczek has been a Portfolio Manager and Investment Analyst for the Manager since
1993. From 1991 to 1993, Mr. Boczek was an Analyst at Continental Bank
Corporation. Prior thereto, he was a Research Assistant at the International
Monetary Fund from 1987 to 1990. Soraya M. Betterton remains the other Portfolio
Manager for the Fund.
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LEMST704030M May 1, 1997
