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GT GLOBAL VARIABLE INVESTMENT FUNDS
G.T. GLOBAL VARIABLE INVESTMENT SERIES
GT GLOBAL MONEY MARKET FUND
GT GLOBAL VARIABLE AMERICA FUND
GT GLOBAL VARIABLE EUROPE FUND
GT GLOBAL VARIABLE INTERNATIONAL FUND
GT GLOBAL VARIABLE NEW PACIFIC FUND
G.T. GLOBAL VARIABLE INVESTMENT TRUST
GT GLOBAL VARIABLE EMERGING MARKETS FUND
GT GLOBAL VARIABLE GLOBAL GOVERNMENT INCOME FUND
GT GLOBAL VARIABLE GROWTH & INCOME FUND
GT GLOBAL VARIABLE INFRASTRUCTURE FUND
GT GLOBAL VARIABLE LATIN AMERICA FUND
GT GLOBAL VARIABLE NATURAL RESOURCES FUND
GT GLOBAL VARIABLE STRATEGIC INCOME FUND
GT GLOBAL VARIABLE TELECOMMUNICATIONS FUND
GT GLOBAL VARIABLE U.S. GOVERNMENT INCOME FUND
Supplement dated October 19, 1998 to the
Statement of Additional Information dated June 1, 1998
Effective October 19, 1998, INVESCO (NY), Inc. resigned as sub-advisor and
sub-administrator to GT Global Variable Infrastructure Fund, GT Global Variable
Natural Resources Fund and GT Global Variable Telecommunications Fund
(collectively, the "Funds"). A I M Advisors, Inc. will continue to serve as the
manager and administrator for the foregoing Funds.
Effective September 8, 1998, A I M Fund Services, Inc., a wholly owned
subsidiary of A I M Advisors, Inc. and a registered transfer agent, became the
exclusive transfer agent and dividend disbursing agent for all the series
portfolios of G.T. Global Variable Investment Series and G.T. Global Variable
Investment Trust.
The fourth sentence in the first full paragraph under the heading "TRUSTEES AND
EXECUTIVE OFFICERS" on page 42 of the Statement of Additional Information
should be deleted in its entirety and replaced with the following:
"Each Trustee who is not a director, officer or employee of the Sub-Advisor or
any affiliated company is paid an annual retainer of $2,000 by Investment
Series and $3,000 by Investment Trust, and reimbursed travel and other
expenses incurred in connection with attendance at such meetings."
The first sentence in the fourth full paragraph under the heading "VALUATION OF
FUND SHARES" on page 47 of the Statement of Additional Information should be
deleted in its entirety and replaced with the following:
"Options on indices, securities and currencies purchased by the Funds are
valued at the mean of the last bid and asked prices in the case of listed
options or in the case of OTC options, at the average of the mean of the last
bid and asked prices obtained from dealers, unless a quotation from only one
dealer is available, in which case only that dealer's price will be used."
