G T INVESTMENT FUNDS INC
497, 1997-04-28
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                         GT GLOBAL GROWTH & INCOME FUND
 
                  SUPPLEMENT TO PROSPECTUS DATED MARCH 1, 1997
 
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THE FOLLOWING SUPPLEMENTS THE DISCUSSION UNDER "HOW TO INVEST -- PURCHASING
CLASS B SHARES" WITH RESPECT TO THE FUND:
 
Class B shares of the 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 the Fund may still be purchased for
SIMPLE IRAs using Form 5304-SIMPLE. In addition, Class A shares of the Fund may
still be purchased for all SIMPLE IRAs.
 
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GROST704011M                                                      April 28, 1997


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