<PAGE> 1
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 April 1, 1999
to the Prospectus dated June 1, 1998,
as supplemented June 5, 1998, June 16, 1998,
June 23, 1998, July 20, 1998, October 19, 1998,
December 14, 1998 and February 5, 1999
Effective April 1, 1999, sub-advisory and sub-administration responsibility for
the GT Global Variable New Pacific Fund portfolio (the "New Pacific Fund") of
G.T. Global Variable Investment Series will be transferred from INVESCO (NY),
Inc. to INVESCO Asia Limited, another indirect wholly owned subsidiary of
AMVESCAP PLC. A I M Advisors, Inc. ("AIM Advisors") will continue to serve as
the manager and administrator of the New Pacific Fund. The transfer will not
change the fees AIM Advisors' pays for sub-advisory services and will not change
the nature of the sub-advisory services provided to the New Pacific Fund or the
personnel providing such services.
Also effective April 1, 1999, INVESCO (NY), Inc. will resign as sub-advisor and
sub-administrator to the GT Global Variable America Fund portfolio (the "Fund").
A I M Advisors, Inc. will continue to serve as the manager and administrator for
the Fund. Commencing on April 1, 1999, the following individuals will be
responsible for the day-to-day management of the Fund:
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BUSINESS EXPERIENCE
NAME/OFFICE PAST FIVE YEARS
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<S> <C>
Charles D. Scavone Vice President of A I M Capital Management, Inc.
Houston ("AIM Capital "), a wholly owned subsidiary of AIM
and Portfolio Manager for the Fund since 1999. He
has been associated with AIM and/or its subsidiaries
since 1996 and has been an investment professional
since 1991. Prior to 1996, he was Associate Portfolio
Manager for Van Kampen American Capital Asset
Management, Inc. from 1994 to 1996.
Kenneth A. Zschappel Assistant Vice President of AIM Capital and Portfolio
Houston Manager for the Fund since 1999. He has been
associated with AIM and/or its subsidiaries since he
began working as an investment professional in 1990.
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