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GT GLOBAL DEVELOPING MARKETS FUND
SUPPLEMENT TO PROSPECTUS DATED NOVEMBER 1, 1997
SUPPLANTING SUPPLEMENT DATED DECEMBER 22, 1997
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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CLASS A SHARES -- SALES CHARGE WAIVERS -- CLASS A SHARES" ARE SUPERSEDED BY THE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 REVISES AND SUPERSEDES, AS APPLICABLE, THE DISCUSSION UNDER
"MANAGEMENT" WITH RESPECT TO THE FUND:
Mark Thorogood has been named a Portfolio Manager for the Fund. Mr. Thorogood
joined Chancellor LGT Asset Management, Inc. (the "Manager") and LGT Asset
Management PLC (London), an affiliate of the Manager, in May 1997 as a Portfolio
Manager. Prior thereto, he worked for ING-Barings (Hong Kong) from 1994 to 1997
as a proprietary Trader. From 1987 to 1994, Mr. Thorogood was at Provident
Mutual, first as an Analyst, and then as a Portfolio Manager covering the
Japanese and Asian Equity Markets.
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DEVST801M January 20, 1998
