GT GLOBAL VARIABLE INVESTMENT SERIES, 497, 1996-05-13

GT GLOBAL VARIABLE INVESTMENT SERIES
497, 1996-05-13

Previous: AMERICAN EXPRESS RECEIVABLES FINANCING CORP, 8-K, 1996-05-13

Next: CENTRAL GARDEN & PET COMPANY, 10-Q, 1996-05-13



<PAGE>   1
 
                       ----------------------------------
 
                      GT GLOBAL VARIABLE INVESTMENT FUNDS
 
                 SUPPLEMENT TO PROSPECTUS DATED APRIL 29, 1996
- --------------------------------------------------------------------------------
 
The following revises the discussion under "Management":
 
Derek Webb has replaced Kevin L. Wenck as Portfolio Manager of the GT Global
Variable America Fund. Mr. Webb has been a Portfolio Manager for LGT Asset
Management, Inc. ("LGT Asset Management") since 1994. Prior thereto Mr. Webb was
a Research Analyst for LGT Asset Management.
 
Beate Gerdes has replaced Robert Allen as Portfolio Manager of the GT Global
Variable U.S. Government Income Fund. Ms. Gerdes had been a Portfolio Manager at
LGT Asset Management Gmbh (Frankfurt) from 1990 to May 1996.
 
                                             [LGT/GT GLOBAL LOGO]
 
VARSU605001.6B                                                      May 13, 1996
 
                             ---------------------