G T GLOBAL EASTERN EUROPE FUND
DEFS14A, 1998-05-12
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                            GT GLOBAL FUNDS
                    G.T. GLOBAL EASTERN EUROPE FUND
                          50 CALIFORNIA STREET
                             26TH FLOOR
                         SAN FRANCISCO, CA 94111

                                                          MAY 11, 1998

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                 REMINDER: SPECIAL MEETING OF SHAREHOLDERS 
                        TO BE HELD MAY 20, 1998

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Dear Shareholder:

Recently we distributed proxy material regarding the Special Meeting of 
Shareholders scheduled to take place on Wednesday, May 20, 1998. As of now, 
we have not yet received voting instructions from you. All votes are vital no 
matter now many shares you hold and YOUR SHARES CANNOT BE VOTED UNLESS WE 
RECEIVE YOUR EXECUTED BALLOT OR YOU ARE PRESENT AT THE MEETING! We urge you 
to act promptly in order to allow us to obtain a sufficient number of votes, 
and avoid the possibility of a meeting adjournment. In order for your vote to 
be represented, we must receive your vote on or before WEDNESDAY, MAY 20, 
1998.

For your convenience, we have established three easy methods by which to 
register your vote:

     1. BY PHONE:  Please call SHAREHOLDER COMMUNICATIONS CORPORATION toll 
                   free at 1-800-733-8481, Extension "465". Operators will 
                   be available to take your vote Monday through Friday 
                   between the hours of 9:00 a.m. and 11:00 p.m. Eastern Time.

     2. BY FAX:    Fax your proxy to us toll free at 1-800-733-1885, anytime.

     3. BY MAIL:   Return your executed proxy in the enclosed postage paid 
                   envelope. Please utilize this option only if methods 1 
                   and 2 are both unavailable, as we may not receive your 
                   proxy by mail by May 20, 1998.

If you have any questions regarding the execution of your proxy, please call 
SHAREHOLDER COMMUNICATIONS CORPORATION at the above-mentioned number.

Thank you for your prompt attention.




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