<PAGE>
GT GLOBAL VARIABLE INVESTMENT FUNDS
GT 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
GT 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 June 22, 1999
to the Prospectus dated May 3, 1999,
as Supplemented May 21, 1999
This supplement supersedes and replaces in its entirety the supplement dated
May 21, 1999.
The Boards of Trustees of GT Global Variable Investment Series and GT Global
Variable Investment Trust (collectively, the GT Global Variable Investment
Funds) unanimously approved, on June 15, 1999, an Agreement and Plan of
Reorganization ("Plan") pursuant to which each GT Global Variable Investment
Fund, would transfer substantially all of its assets to AIM Variable
Insurance Funds, Inc. as follows:
<TABLE>
<CAPTION>
GT Global Variable Investment Funds AIM Variable Insurance Funds, Inc.
----------------------------------- ----------------------------------
<S> <C>
GT Global Variable Growth & Income Fund AIM V.I. Global Growth and Income Fund
GT Global Variable America Fund AIM V.I. Capital Appreciation Fund
GT Global Variable International Fund
GT Global Variable Europe Fund
GT Global Variable Natural Resources Fund
GT Global Variable Infrastructure Fund AIM V.I. International Equity Fund
GT Global Variable New Pacific Fund
GT Global Variable Latin America Fund
GT Global Variable Emerging Markets
Fund
GT Global Variable Telecommunications AIM V.I. Telecommunications Fund
Fund
GT Global Variable Strategic Income Fund AIM V.I. Diversified Income Fund
GT Global Variable Global Government
Income Fund
GT Global Variable U.S. Government AIM V.I. Government Securities Fund
Income Fund
GT Global Money Market Fund AIM V.I. Money Market Fund
</TABLE>
As a result of the transaction, shareholders of each series of the GT Global
Variable Investment Funds would receive shares of the corresponding series of
the AIM Variable Insurance Funds, Inc. in exchange for their shares of the GT
Global Variable Investment Funds, and the GT Global Variable Investment Funds
would cease operations.
The Plan requires the approval of each series of the GT Global Variable
Investment Funds' shareholders and will be submitted to the shareholders for
their consideration at a meeting to be held in August, 1999. If the Plan is
approved by shareholders of the GT Global Variable Investment Funds, and
certain conditions required by the Plan are satisfied, the transaction is
expected to become effective before mid-October, 1999.
The section entitled INVESTMENT OBJECTIVES AND STRATEGIES, PRINCIPAL RISKS OF
INVESTING IN THE FUNDS, AND PERFORMANCE INFORMATION: NEW PACIFIC FUND - ANNUAL
TOTAL RETURNS, on page 4 of the prospectus is deleted in its entirety and
replaced with the following:
"ANNUAL TOTAL RETURNS
The following bar chart shows changes in the performance of the fund's
shares from year to year. The bar chart does not reflect charges or
fees associated with investment in the fund through separate accounts.
If it did, the total annual returns would be lower.
New Pacific Fund
[GRAPH]
<TABLE>
<S> <C>
12/31/94 -12.47%
12/31/95 -0.21%
12/31/96 30.97%
12/31/97 -41.11%
12/31/98 -14.54%
</TABLE>
During the 5-year period shown in the bar chart, the highest quarterly
return was 18.00% (quarter ended 12/31, 1998) and the lowest quarterly
return was -30.58% (quarter ended 12/31,1997)."
1
<PAGE>
The section entitled INVESTMENT OBJECTIVES AND STRATEGIES, PRINCIPAL RISKS OF
INVESTING IN THE FUNDS, AND PERFORMANCE INFORMATION: EUROPE FUND - ANNUAL TOTAL
RETURNS, on page 6 of the prospectus is deleted in its entirety and replaced
with the following:
"ANNUAL TOTAL RETURNS
The following bar chart shows changes in the performance of the fund's
shares from year to year. The bar chart does not reflect charges or
fees associated with investment in the fund through separate accounts.
If it did, the total annual returns would be lower.
Europe Fund
[GRAPH]
<TABLE>
<S> <C>
12/31/94 -0.59%
12/31/95 9.66%
12/31/96 30.25%
12/31/97 15.14%
12/31/98 15.98%
</TABLE>
During the 5-year period shown in the bar chart, the highest quarterly
return was 22.51% (quarter ended 3/31, 1998) and the lowest quarterly
return was -21.24% (quarter ended 9/30, 1998)."
The section entitled INVESTMENT OBJECTIVES AND STRATEGIES, PRINCIPAL RISKS OF
INVESTING IN THE FUNDS, AND PERFORMANCE INFORMATION: INTERNATIONAL FUND - ANNUAL
TOTAL RETURNS, on page 8 of the prospectus is deleted in its entirety and
replaced with the following:
"ANNUAL TOTAL RETURNS
The following bar chart shows changes in the performance of the fund's
shares from year to year. The bar chart does not reflect charges or
fees associated with investment in the fund through separate accounts.
If it did, the total annual returns would be lower.
International Fund
[GRAPH]
<TABLE>
<S> <C>
12/31/95 -1.14%
12/31/96 8.52%
12/31/97 6.93%
12/31/98 -0.64%
</TABLE>
During the 4-year period shown in the bar chart, the highest quarterly
return was 15.13% (quarter ended 12/31, 1998) and the lowest quarterly
return was -21.95% (quarter ended 9/30, 1998)."
2
<PAGE>
The section entitled INVESTMENT OBJECTIVES AND STRATEGIES, PRINCIPAL RISKS OF
INVESTING IN THE FUNDS, AND PERFORMANCE INFORMATION: AMERICA FUND - ANNUAL TOTAL
RETURNS, on page 9 of the prospectus is deleted in its entirety and replaced
with the following:
"ANNUAL TOTAL RETURNS
The following bar chart shows changes in the performance of the fund's
shares from year to year. The bar chart does not reflect charges or
fees associated with investment in the fund through separate accounts.
If it did, the total annual returns would be lower.
America Fund
[GRAPH]
<TABLE>
<S> <C>
12/31/94 18.88%
12/31/95 25.37%
12/31/96 18.55%
12/31/97 14.88%
12/31/98 8.09%
</TABLE>
During the 5-year period shown in the bar chart, the highest quarterly
return was 28.84% (quarter ended 12/31, 1998) and the lowest quarterly
return was -25.59% (quarter ended 9/30, 1998)."
The section entitled INVESTMENT OBJECTIVES AND STRATEGIES, PRINCIPAL RISKS OF
INVESTING IN THE FUNDS, AND PERFORMANCE INFORMATION: INFRASTRUCTURE FUND -
ANNUAL TOTAL RETURNS, on page 12 of the prospectus is deleted in its entirety
and replaced with the following:
"ANNUAL TOTAL RETURNS
The following bar chart shows changes in the performance of the fund's
shares from year to year. The bar chart does not reflect charges or
fees associated with investment in the fund through separate accounts.
If it did, the total annual returns would be lower.
Infrastructure Fund
[GRAPH]
<TABLE>
<S> <C>
12/31/96 24.88%
12/31/97 5.00%
12/31/98 6.34%
</TABLE>
During the 3-year period shown in the bar chart, the highest quarterly
return was 14.34% (quarter ended 12/31, 1998) and the lowest quarterly
return was -15.82% (quarter ended 9/30, 1998)."
3
<PAGE>
The section entitled INVESTMENT OBJECTIVES AND STRATEGIES, PRINCIPAL RISKS OF
INVESTING IN THE FUNDS, AND PERFORMANCE INFORMATION: INFRASTRUCTURE FUND -
PERFORMANCE TABLE, on page 12 of the prospectus is deleted in its entirety and
replaced with the following:
"PERFORMANCE TABLE
The following performance table compares the fund's performance to that of a
broad-based securities market index.
AVERAGE ANNUAL TOTAL RETURN(1)
(FOR THE PERIODS ENDED DECEMBER 31, 1998)
<TABLE>
<CAPTION>
LIFE OF
1 YEAR FUND*
------ -------
<S> <C> <C>
Infrastructure Fund.............. 6.34% 11.69%
MSCI AC World Index**............ 21.72% 17.95%
</TABLE>
-------------------------------------
(1) Assumes reinvestment of dividends and
distributions.
* This column shows the returns of the fund
and of the MSCI AC World Index since January
31, 1995, the fund's date of inception.
** The Morgan Stanley Capital International All
Country World Index measures the performance
of securities listed on the major world
stock exchanges of 47 markets, including
both developed and emerging markets"
The section entitled INVESTMENT OBJECTIVES AND STRATEGIES, PRINCIPAL RISKS OF
INVESTING IN THE FUNDS, AND PERFORMANCE INFORMATION: NATURAL RESOURCES FUND -
ANNUAL TOTAL RETURNS, on page 14 of the prospectus is deleted in its entirety
and replaced with the following:
"ANNUAL TOTAL RETURNS
The following bar chart shows changes in the performance of the fund's
shares from year to year. The bar chart does not reflect charges or
fees associated with investment in the fund through separate accounts.
If it did, the total annual returns would be lower.
Natural Resources Fund
[GRAPH]
<TABLE>
<S> <C>
12/31/96 51.15%
12/31/97 1.29%
12/31/98 -33.01%
</TABLE>
During the 3-year period shown in the bar chart, the highest quarterly
return was 30.72% (quarter ended 9/30, 1997) and the lowest quarterly
return was -20.75% (quarter ended 9/30, 1998)."
4
<PAGE>
The section entitled INVESTMENT OBJECTIVES AND STRATEGIES, PRINCIPAL RISKS OF
INVESTING IN THE FUNDS, AND PERFORMANCE INFORMATION: NATURAL RESOURCES FUND -
PERFORMANCE TABLE, on page 14 of the prospectus is deleted in its entirety and
replaced with the following:
"PERFORMANCE TABLE
The following performance table compares the fund's performance to that of a
broad-based securities market index.
AVERAGE ANNUAL TOTAL RETURN(1)
(FOR THE PERIODS ENDED DECEMBER 31, 1998)
<TABLE>
<CAPTION>
LIFE OF
1 YEAR FUND*
------ -------
<S> <C> <C>
Natural Resources Fund......... (33.01)% 5.94%
MSCI AC World Index**.......... 21.72% 17.95%
</TABLE>
-----------------------------
(1) Assumes reinvestment of dividends and
distributions.
* This column shows the returns of the fund
and of the MSCI AC World Index since January
31, 1995, the fund's date of inception.
** The Morgan Stanley Capital International All
Country World Index measures the performance
of securities listed on the major world
stock exchanges of 47 markets, including
both developed and emerging markets."
The section entitled INVESTMENT OBJECTIVES AND STRATEGIES, PRINCIPAL RISKS OF
INVESTING IN THE FUNDS, AND PERFORMANCE INFORMATION: TELECOMMUNICATIONS FUND -
ANNUAL TOTAL RETURNS, on page 16 of the prospectus is deleted in its entirety
and replaced with the following:
"ANNUAL TOTAL RETURNS
The following bar chart shows changes in the performance of the fund's
shares from year to year. The bar chart does not reflect charges or
fees associated with investment in the fund through separate accounts.
If it did, the total annual returns would be lower.
Telecommunications Fund
[GRAPH]
<TABLE>
<S> <C>
12/31/94 7.15%
12/31/95 23.66%
12/31/96 19.34%
12/31/97 14.56%
12/31/98 22.11%
</TABLE>
During the 5-year period shown in the bar chart, the highest quarterly
return was 30.84% (quarter ended 12/31, 1998) and the lowest quarterly
return was -23.31% (quarter ended 9/30, 1998)."
5
<PAGE>
The section entitled INVESTMENT OBJECTIVES AND STRATEGIES, PRINCIPAL RISKS OF
INVESTING IN THE FUNDS, AND PERFORMANCE INFORMATION: LATIN AMERICA FUND - ANNUAL
TOTAL RETURNS, on page 19 of the prospectus is deleted in its entirety and
replaced with the following:
"ANNUAL TOTAL RETURNS
The following bar chart shows changes in the performance of the fund's
shares from year to year. The bar chart does not reflect charges or
fees associated with investment in the fund through separate accounts.
If it did, the total annual returns would be lower.
Latin America Fund
[GRAPH]
<TABLE>
<S> <C>
12/31/94 9.14%
12/31/95 -24.14%
12/31/96 22.48%
12/31/97 14.53%
12/31/98 -41.70%
</TABLE>
During the 5-year period shown in the bar chart, the highest quarterly
return was 36.10% (quarter ended 9/30, 1994) and the lowest quarterly
return was -33.28% (quarter ended 9/30, 1998)."
The section entitled INVESTMENT OBJECTIVES AND STRATEGIES, PRINCIPAL RISKS OF
INVESTING IN THE FUNDS, AND PERFORMANCE INFORMATION: EMERGING MARKETS FUND -
ANNUAL TOTAL RETURNS, on page 21 of the prospectus is deleted in its entirety
and replaced with the following:
"ANNUAL TOTAL RETURNS
The following bar chart shows changes in the performance of the fund's
shares from year to year. The bar chart does not reflect charges or
fees associated with investment in the fund through separate accounts.
If it did, the total annual returns would be lower..
Emerging Markets Fund
[GRAPH]
<TABLE>
<S> <C>
12/31/95 -7.54%
12/31/96 31.07%
12/31/97 -13.76%
12/31/98 -36.90%
</TABLE>
During the 4-year period shown in the bar chart, the highest quarterly
return was 17.28% (quarter ended 3/31, 1996) and the lowest quarterly
return was -27.32% (quarter ended 9/30, 1998)."
6
<PAGE>
The section entitled INVESTMENT OBJECTIVES AND STRATEGIES, PRINCIPAL RISKS OF
INVESTING IN THE FUNDS, AND PERFORMANCE INFORMATION: GROWTH & INCOME FUND -
ANNUAL TOTAL RETURNS, on page 23 of the prospectus is deleted in its entirety
and replaced with the following:
"ANNUAL TOTAL RETURNS
The following bar chart shows changes in the performance of the fund's
shares from year to year. The bar chart does not reflect charges or
fees associated with investment in the fund through separate accounts.
If it did, the total annual returns would be lower.
Growth & Income Fund
[GRAPH]
<TABLE>
<S> <C>
12/31/94 -2.85%
12/31/95 15.49%
12/31/96 16.33%
12/31/97 16.22%
12/31/98 19.60%
</TABLE>
During the 5-year period shown in the bar chart, the highest quarterly
return was 12.21% (quarter ended 12/31, 1998) and the lowest quarterly
return was -7.64% (quarter ended 9/30, 1998)."
The section entitled INVESTMENT OBJECTIVES AND STRATEGIES, PRINCIPAL RISKS OF
INVESTING IN THE FUNDS, AND PERFORMANCE INFORMATION: STRATEGIC INCOME FUND -
ANNUAL TOTAL RETURNS, on page 26 of the prospectus is deleted in its entirety
and replaced with the following:
"ANNUAL TOTAL RETURNS
The following bar chart shows changes in the performance of the fund's
shares from year to year. The bar chart does not reflect charges or
fees associated with investment in the fund through separate accounts.
If it did, the total annual returns would be lower.
Strategic Income Fund
[GRAPH]
<TABLE>
<S> <C>
12/31/94 -17.09%
12/31/95 19.50%
12/31/96 21.59%
12/31/97 7.14%
12/31/98 -0.61%
</TABLE>
During the 5-year period shown in the bar chart, the highest quarterly
return was 9.79% (quarter ended 3/31, 1995) and the lowest quarterly
return was -17.63% (quarter ended 3/31, 1994)."
7
<PAGE>
The section entitled INVESTMENT OBJECTIVES AND STRATEGIES, PRINCIPAL RISKS OF
INVESTING IN THE FUNDS, AND PERFORMANCE INFORMATION: GLOBAL GOVERNMENT INCOME
FUND - ANNUAL TOTAL RETURNS, on page 29 of the prospectus is deleted in its
entirety and replaced with the following:
"ANNUAL TOTAL RETURNS
The following bar chart shows changes in the performance of the fund's
shares from year to year. The bar chart does not reflect charges or
fees associated with investment in the fund through separate accounts.
If it did, the total annual returns would be lower.
Global Government Income Fund
[GRAPH]
<TABLE>
<S> <C>
12/31/94 -8.70%
12/31/95 15.86%
12/31/96 6.17%
12/31/97 4.37%
12/31/98 12.69%
</TABLE>
During the 5-year period shown in the bar chart, the highest quarterly
return was 6.53% (quarter ended 3/31, 1995) and the lowest quarterly
return was -6.38% (quarter ended 3/31, 1994)."
The section entitled INVESTMENT OBJECTIVES AND STRATEGIES, PRINCIPAL RISKS OF
INVESTING IN THE FUNDS, AND PERFORMANCE INFORMATION: U.S. GOVERNMENT INCOME FUND
- - ANNUAL TOTAL RETURNS, on page 31 of the prospectus is deleted in its entirety
and replaced with the following:
"ANNUAL TOTAL RETURNS
The following bar chart shows changes in the performance of the fund's
shares from year to year. The bar chart does not reflect charges or
fees associated with investment in the fund through separate accounts.
If it did, the total annual returns would be lower.
U.S. Government Income Fund
[GRAPH]
<TABLE>
<S> <C>
12/31/94 -6.27%
12/31/95 14.73%
12/31/96 2.23%
12/31/97 8.30%
12/31/98 9.06%
</TABLE>
During the 5-year period shown in the bar chart, the highest quarterly
return was 5.44% (quarter ended 9/30, 1998) and the lowest quarterly
return was -4.97% (quarter ended 3/31, 1994)."
8
<PAGE>
The section entitled INVESTMENT OBJECTIVES AND STRATEGIES, PRINCIPAL RISKS OF
INVESTING IN THE FUNDS, AND PERFORMANCE INFORMATION: MONEY MARKET FUND - ANNUAL
TOTAL RETURNS, on page 33 of the prospectus is deleted in its entirety and
replaced with the following:
"ANNUAL TOTAL RETURNS
The following bar chart shows changes in the performance of the fund's
shares from year to year. The bar chart does not reflect charges or
fees associated with investment in the fund through separate accounts.
If it did, the total annual returns would be lower.
Money Market Fund
[GRAPH]
<TABLE>
<S> <C>
12/31/94 3.48%
12/31/95 5.24%
12/31/96 4.75%
12/31/97 5.39%
12/31/98 5.22%
</TABLE>
During the 5-year period shown in the bar chart, the highest quarterly
return was 1.66% (quarter ended 12/31, 1997) and the lowest quarterly
return was 0.62% (quarter ended 3/31, 1994)."
The section entitled INVESTMENT OBJECTIVES AND STRATEGIES, PRINCIPAL RISKS OF
INVESTING IN THE FUNDS, AND PERFORMANCE INFORMATION: MONEY MARKET FUND -
SEVEN-DAY YIELD, on page 33 of the prospectus is deleted in its entirety and
replaced with the following:
"SEVEN DAY YIELD
The Money Market Fund's seven-day yield on December 31, 1998 was 3.85%.
For the current seven-day yield, call (800) 347-4246."
The section entitled "FUND MANAGEMENT - INFRASTRUCTURE FUND" on page 36 of the
prospectus should be deleted in its entirety and replaced with the following:
"INFRASTRUCTURE FUND
<TABLE>
<CAPTION>
Responsibilities for Business Experience
Name/Office the Fund Past 5 Years
----------- -------- ------------
<S> <C> <C>
Claude C. Cody IV Portfolio Manager Vice President of AIM Capital and Senior Portfolio
since 1999 Manager. Mr. Cody has been associated with AIM and/or its
affiliates since 1992.
Portfolio Manager Senior Vice President of AIM Capital and Senior Portfolio
Robert G. Alley since 1999 Manager. Mr. Alley has been associated with AIM and/or
its affiliates since 1992.
Craig A. Smith Portfolio Manager Vice President of AIM Capital and Senior Portfolio
since 1999 Manager. Mr. Smith has been associated with AIM and/or
its affiliates since 1989.
9
<PAGE>
Carolyn L. Gibbs Portfolio Manager Vice President of AIM Capital and Senior Portfolio
since 1999 Manager. Ms. Gibbs has been associated with AIM and/or its
affiliates since 1992.
Meggan M. Walsh Portfolio Manager Vice President of AIM Capital. Ms. Walsh has been
since 1999 associated with AIM and/or its affiliates since 1991."
</TABLE>
The section entitled "FUND MANAGEMENT - NATURAL RESOURCES FUND" on page 36 of
the prospectus should be deleted in its entirety and replaced with the
following:
<TABLE>
<CAPTION>
"NATURAL RESOURCES FUND
Responsibilities for Business Experience
Name/Office the Fund Past 5 Years
----------- -------- ------------
<S> <C> <C>
Derek H. Webb Portfolio Manager Portfolio Manager since 1994 and Analyst from 1992 to
since 1995 1994, INVESCO (NY), Inc.
Roger Mortimer Portfolio Manager Portfolio Manager since 1997 and Assistant Portfolio
since 1999 Manager from 1995 to 1997.
Michael Yellen Portfolio Manager Portfolio Manager since 1996, INVESCO (NY), Inc. Mr.
since 1999 Yellen has been associated with AIM and/or its affiliates
since 1994."
</TABLE>
The section entitled "FUND MANAGEMENT - STRATEGIC INCOME FUND" on page 38 of the
prospectus should be deleted in its entirety and replaced with the following:
"STRATEGIC INCOME FUND
<TABLE>
<CAPTION>
Responsibilities for Business Experience
Name/Office the Fund Past 5 Years
----------- -------- ------------
<S> <C> <C>
Craig Munro Portfolio Manager Portfolio Manager, INVESCO (NY), Inc., since August 1997.
since 1998 Vice President and Senior Analyst in Emerging Markets Group
of the Global Fixed Income Division of Merrill Lynch Asset
Management, from 1993 to August 1997.
Cheng-Hock Lau Portfolio Manager Chief Investment Officer for Global Fixed Income (since
since 1998 October 1996) and Senior Portfolio Manager for
Global/International Fixed Income (July 1995 to October
1996), INVESCO (NY), Inc. Employed by Chancellor Capital
from 1995 to October 1996. Senior Vice President and Senior
Portfolio Manager, Fiduciary Trust Company International,
from 1993 to 1995.
Paul Griffiths Portfolio Manager Director and Head of Global Fixed Income Team and Portfolio
since 1999 Manager for INVESCO Asset Management Group Ltd. since June
1997. Portfolio Manager from 1994 to 1997. Global Bond
Fund Manager for Lazard Investors from 1993 to 1994.
10
<PAGE>
Kieron Nutbrown Portfolio Manager Portfolio Manager for INVESCO Asset Management Group Ltd.
since 1999 since March 1997. Quantitative Analyst and Portfolio
Manager for Foreign & Colonial Management from 1994 to 1997."
</TABLE>
The section entitled "FUND MANAGEMENT - GLOBAL GOVERNMENT INCOME FUND" on page
38 of the prospectus should be deleted in its entirety and replaced with the
following:
"GLOBAL GOVERNMENT INCOME FUND
<TABLE>
<CAPTION>
Responsibilities for Business Experience
Name/Office the Fund Past 5 Years
----------- -------- ------------
<S> <C> <C>
Thomas J. Berger Portfolio Manager Director and Head of the Global Fixed Income Group, for
since 1998 INVESCO Asset Management Ltd. since 1997. Director of
Mercury Asset Management plc from 1993 to 1997.
Paul Griffiths Portfolio Manager Director and Head of Global Fixed Income Team and Portfolio
since 1999 Manager for INVESCO Asset Management Group Ltd. since June
1997. Portfolio Manager from 1994 to 1997. Global Bond
Fund Manager for Lazard Investors from 1993 to 1994.
Kieron Nutbrown Portfolio Manager Portfolio Manager for INVESCO Asset Management Group Ltd.
since 1999 since March 1997. Quantitative Analyst and Portfolio
Manager for Foreign & Colonial Management from 1994 to 1997."
</TABLE>
11
