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GT GLOBAL THEME FUNDS
SUPPLEMENT TO PROSPECTUS DATED MARCH 1, 1997
SUPPLANTING SUPPLEMENT DATED APRIL 28, 1997
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THE FOLLOWING REVISES AND SUPERSEDES THE DISCUSSION UNDER "HOW TO INVEST --
PURCHASING CLASS A SHARES" WITH RESPECT TO 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 ("TELECOMMUNICATIONS FUND"):
As of August 1, 1997, the Class A share sales charge waiver described under
section (xiii) of "Sales Charge Waivers -- Class A Shares" is no longer
available.
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.
Upon redemption, Class B shares of a Fund that were acquired pursuant to the
exchange privilege during a tender offer by GT Global Floating Rate Fund
("Floating Rate Fund") will be subject to a contingent deferred sales charge
equivalent to the early withdrawal charge on the common stock of the Floating
Rate Fund, as set forth in the current prospectus for the Floating Rate Fund.
The purchase of shares of a Fund will be deemed to have occurred at the time of
the initial purchase of the Floating Rate Fund's common stock.
THE FOLLOWING REVISES AND SUPERSEDES, AS APPLICABLE, THE DISCUSSION UNDER
"MANAGEMENT" WITH RESPECT TO GLOBAL INFRASTRUCTURE PORTFOLIO AND THE
TELECOMMUNICATIONS FUND:
Derek H. Webb and Steven Berexa are Portfolio Managers for the Global
Infrastructure Portfolio. Mr. Webb has been Head of the Theme Funds since
December 1996, and a Portfolio Manager for Chancellor LGT Asset Management, Inc.
(the "Manager") since 1994. From 1992 to 1994, Mr. Webb was an Analyst for the
Manager. Steven Berexa has been a Senior Investment Analyst for U.S. equities
for the Manager since 1995. From 1987 to 1995, Mr. Berexa was an Investment
Analyst for U.S. equities for Prudential Investment Corp. Michael J. Mahoney
remains the other Portfolio Manager for the Global Infrastructure Portfolio.
Michael J. Mahoney is the Portfolio Manager for the Telecommunications Fund. Mr.
Mahoney has been a Portfolio Manager of the Fund since 1993, and was an
Investment Analyst for the Manager from 1991 to 1993.
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THEST706030M June 16, 1997
