UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
G.T. Global Eastern Europe Fund
(Name of Issuer)
Common Stock
(Title of Class of Securities)
362349102
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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SCHEDULE 13G
CUSIP No. 362349102 Page 2 of 5
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
The Manufacturers Life Insurance Company
IRS # 38-0788610
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
0
6 SHARED VOTING POWER
388,542
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
388,542
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
388,542
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.42 %
12 TYPE OF REPORTING PERSON*
IC
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Page 3 of 5 pages
Item 1(a) Name of Issuer:
G.T. Global Eastern Europe Fund
Item 1(b) Address of Issuer's Principal Executive Offices:
50 California Street
San Francisco, CA 94111-4624
Item 2(a) Name of Person Filing:
The Manufacturers Life Insurance Company
Item 2(b) Address of Principal Business Office, or, if None,
Residence:
200 Bloor Street East
Toronto, Ontario
Canada M4W 1E5
Item 2(c) Citizenship:
Federal Canadian Corporation
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
362349102
Item 3 Statement Filed Pursuant to Rule 13d-1 (b):
(c) The person filing is an Insurance Company as defined in
Section 3(a)(19) of the Act.
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Page 4 of 5 pages
Item 4 Ownership:
(a) Amount Beneficially Owned ..................
388,542 shares of Common Stock
(b) Percent of Class ..... 2.42% of Common Stock (c) Number of
shares as to which such person has:
(i) sole power to vote or to direct
the vote .................. 0
(ii) shared power to vote or to direct
the vote .................... 388,542
(iii) sole power to dispose or to direct the disposition
of........................... 0
(iv) shared power to dispose or to
direct the disposition of.... 388,542
Item 5 Ownership of Five Percent or Less of a Class:
This statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities.
Item 6 Ownership of More Than Five Percent on Behalf of
Another Person:
Certain affiliates of the reporting person have the right to
receive dividends from or the proceeds from the sale of common
stock.
Item 7 Identification and Classification of the Subsidiary which
Acquired the Security Being Reported on by the Company:
N/A
Item 8 Identification and Classification of Members of the
Group:
N/A
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Page 5 of 5 pages
Item 9 Notice of Dissolution of Group:
N/A
Item 10 Certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purposes or effect.
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
THE MANUFACTURERS LIFE INSURANCE COMPANY
DATE: 2/11/98 By: /s/ James D. Gallagher
Name: James D. Gallagher
Title: Vice President Legal Services
and Chief Compliance Officer
U.S. Operations
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