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GT GLOBAL DEVELOPING MARKETS FUND
SUPPLEMENT TO PROSPECTUS DATED NOVEMBER 1, 1997
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WITH RESPECT TO GT GLOBAL DEVELOPING MARKETS 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CHARGE WAIVERS -- CLASS A SHARES" ARE SUPERSEDED BY THE FOLLOWING WAIVERS: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.
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GROST706033M December 22, 1997
