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GT GLOBAL EMERGING MARKETS FUND
GT GLOBAL LATIN AMERICA GROWTH FUND
SUPPLEMENT TO PROSPECTUS DATED MARCH 1, 1997
SUPPLANTING SUPPLEMENT DATED DECEMBER 22, 1997
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THE FOLLOWING REVISES AND SUPERSEDES THE DISCUSSION UNDER "HOW TO INVEST --
PURCHASING CLASS A SHARES -- SALES CHARGE WAIVERS -- CLASS A SHARES" WITH
RESPECT TO GT GLOBAL EMERGING MARKETS FUND ("EMERGING MARKETS FUND") AND GT
GLOBAL LATIN AMERICA GROWTH FUND ("LATIN AMERICA FUND"):
As of August 1, 1997, the Class A share sales charge waiver described under
section (xiii) 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SHARES" ARE SUPERSEDED BY THE FOLLOWING WAIVERS: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 EACH FUND:
Allan Conway, Hugh Hunter, Aziz Minhas, Darren Read, Christine Rowley and Mark
Thorogood -- all members of Chancellor LGT Asset Management, Inc.'s (the
"Manager") Global Emerging Markets Equity team -- are Portfolio Managers for the
Emerging Markets Fund. Mr. Conway joined the Manager and LGT Asset Management
PLC (London) ("LGT Asset Management"), an affiliate of the Manager, in January
1997 as Head of the Global Emerging Markets Equity team. Based in London, he
manages a centralized team of global emerging market fund managers. From 1992 to
1997, Mr. Conway was Director of International Equities at Hermes Investment
Management ("Hermes"), and from 1982 to 1992 was a Portfolio Manager, and
eventually Head of Overseas Equities, at Provident Mutual. Mr. Hunter has been a
Portfolio Manager for the Manager and LGT Asset Management since June 1997. From
1987 to 1997, he was Head of Quantitative Emerging Strategy at ING-Barings (Hong
Kong) ("Barings"). Mr. Minhas has been a Portfolio Manager for the Manager and
LGT Asset Management since December 1997. Prior thereto, he was an Investment
Analyst and then a Senior Investment Analyst with Abu Dhabi Investment Authority
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(London) from 1990 to 1997. Mr. Read has been a Portfolio Manager for the
Manager since May 1997. From 1995 to 1997, Mr. Read was a Senior Investment
Analyst at Hermes responsible for stock selection and strategic asset allocation
input in a number of emerging markets. Prior thereto, Mr. Read was a Chartered
Accountant in the Financial Markets Division of Arthur Andersen from 1991 to
1995. Ms. Rowley has been a Portfolio Manager for the Manager and LGT Asset
Management Ltd. (Hong Kong), an affiliate of the Manager, since 1992. In this
position, Ms. Rowley managed Asian emerging market portfolios and, commencing in
1997, global emerging market portfolios. Prior thereto, Ms. Rowley was an
Analyst with the Bank of England from 1989 to 1990. Mr. Thorogood joined the
Manager and LGT Asset Management in May 1997 as a Portfolio Manager. Prior
thereto, he worked for Barings 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.
Allan Conway and David Manuel are Portfolio Managers for the Latin America Fund.
Mr. Manuel has been a Portfolio Manager for the Manager and LGT Asset Management
since November 1997. From 1987 to 1997, he was an Investment Analyst and
Portfolio Manager and, starting in 1994, Head of Latin American Equities for
Abbey Life Investment Services Ltd. (London).
January 20, 1998
