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GT GLOBAL THEME FUNDS
SUPPLEMENT TO PROSPECTUS DATED MARCH 1, 1997
SUPPLANTING SUPPLEMENT DATED SEPTEMBER 10, 1997
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In addition to the eligibility requirements listed under "Alternative Purchase
Plan -- Advisor Class Shares," Advisor Class shares of 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") are offered
through a separate prospectus to GT Global New Dimension Fund.
THE FOLLOWING REVISES AND SUPERSEDES THE DISCUSSION UNDER "HOW TO INVEST --
PURCHASING CLASS A SHARES" WITH RESPECT TO EACH 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.
WITH RESPECT TO EACH FUND, SALES CHARGE WAIVERS (VII) AND (XI) DESCRIBED UNDER
"HOW TO INVEST -- PURCHASING CLASS A SHARES -- SALES CHARGE WAIVERS -- CLASS A
SHARES" ARE SUPERSEDED BY THE FOLLOWING WAIVERS:
(vii) Registered investment advisers, trust companies and bank trust departments
exercising DISCRETIONARY investment authority with respect to the money to be
invested in the GT Global Mutual Funds provided that the aggregate amount
invested pursuant to this sales charge waiver is at least $500,000.
(xi) Accounts for which a financial institution or broker/dealer charges an
account management fee, provided the financial institution or broker/dealer has
entered into an agreement with GT Global regarding such accounts.
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
TELECOMMUNICATIONS FUND:
Brian T. Nelson is the Portfolio Manager for Global Infrastructure Portfolio.
Mr. Nelson joined Chancellor LGT Asset Management, Inc. (the "Manager") as a
Senior Equity Research Analyst in April 1995. From 1988 to 1995, Mr. Nelson was
an Equity Research Analyst and eventually a Co-Portfolio Manager with the
Franklin/Templeton Funds.
Michael J. Mahoney is the Portfolio Manager for 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.
On October 31, 1996, Chancellor Capital Management, Inc. ("Chancellor Capital")
merged with LGT Asset Management, Inc. (San Francisco), and the resulting entity
was renamed Chancellor LGT Asset Management, Inc. Prior to October 31, 1996, Mr.
Nelson was an employee only of Chancellor Capital.
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