<PAGE> 1
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 September 14, 1999
to the Prospectus dated May 3, 1999, as revised June 22, 1999 and
supplemented August 3, 1999 and August 16, 1999
This supplement supersedes and replaces the supplements dated August 3, 1999
and August 16, 1999.
On August 25, 1999, the shareholders of each series portfolio of GT Global
Variable Investment Series and GT Global Variable Investment Trust
(collectively, the GT Global Variable Investment Funds) approved an Agreement
and Plan of Reorganization pursuant to which each of the GT Global Variable
Investment Funds would transfer substantially all of its assets to the
corresponding series of AIM Variable Insurance Funds, Inc. It is anticipated
that the closing of such transactions will become effective as of the close of
business on such dates indicated below.
<TABLE>
<CAPTION>
GT GLOBAL VARIABLE INVESTMENT FUNDS AIM VARIABLE INSURANCE FUNDS, INC. DATE OF CLOSING
------------------------------------ ---------------------------------- ---------------
<S> <C> <C>
GT Global Variable Growth & Income Fund AIM V.I. Global Growth and Income Fund October 15, 1999
GT Global Variable America Fund AIM V.I. Capital Appreciation Fund October 15, 1999
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 October 22, 1999
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 October 15, 1999
Fund
GT Global Variable Strategic Income Fund
GT Global Variable Global Government AIM V.I. Diversified Income Fund October 15, 1999
Income Fund
GT Global Variable U.S. Government AIM V.I. Government Securities Fund October 15, 1999
Income Fund
GT Global Money Market Fund AIM V.I. Money Market Fund October 15, 1999
</TABLE>
<PAGE> 2
The section entitled "FUND MANAGEMENT - INTERNATIONAL FUND" on page 35 of the
prospectus should be deleted in its entirety and replaced with the following:
"INTERNATIONAL FUND
<TABLE>
<CAPTION>
Responsibilities Business Experience
Name/Office for the Fund During the Past Five Years
----------- -------------------- --------------------------
<S> <C> <C>
Anthony Broccardo Portfolio Manager Head of Global Equities and Global Balanced Fund Management since 1999.
since 1999 Mr. Broccardo has been associated with the advisor and/or its affiliates
since 1993."
</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:
"NATURAL RESOURCES FUND
<TABLE>
<CAPTION>
Responsibilities Business Experience
Name/Office for the Fund During the Past Five Years
----------- -------------------- --------------------------
<S> <C> <C>
Derek H. Webb Portfolio Manager Portfolio Manager since 1994 and Analyst from 1992 to 1994,
since 1995 INVESCO (NY), Inc.
Roger Mortimer Portfolio Manager Portfolio Manager since 1997 and Assistant Portfolio Manager
since 1999 from 1995 to 1997.
Michael Yellen Portfolio Manager Portfolio Manager since 1996, INVESCO (NY), Inc. Mr. Yellen has
since 1999 been associated with AIM and/or its affiliates since 1994.
Derek S. Izuel Portfolio Manager Mr. Izuel has been associated with AIM and/or its affiliates since
since 1999 1997. From 1995 to 1997 he was a full time student at the
University of Michigan. From 1991 to 1995 he was a software
engineer with Bank of America."
</TABLE>
The section entitled "FUND MANAGEMENT - GROWTH & INCOME FUND" on page 37 of
the prospectus should be deleted in its entirety and replaced with the
following:
"GROWTH & INCOME FUND
<TABLE>
<CAPTION>
Responsibilities Business Experience
Name/Office for the Fund During the Past Five Years
----------- -------------------- --------------------------
<S> <C> <C>
Anthony Broccardo Portfolio Manager Head of Global Equities and Global Balanced Fund Management since
since 1999 1999. Mr. Broccardo has been associated with the advisor and/or
its affiliates since 1993.
Paul Griffiths Portfolio Manager Head of Global Fixed Income (since June 1997) and Portfolio
since 1995 Manager (from 1994 to 1997), INVESCO (NY), Inc. and INVESCO GT
Asset Management. Global Bond Fund Manager, Lazard Investors,
from 1993 to 1994.
Michael McDonagh Portfolio Manager Portfolio Manager for GT London since 1992 and for INVESCO Asset
since 1998 Management Ltd. since October 1988. From 1977 to 1992, was a
Portfolio Manager for GT Asia.
John Nadell Portfolio Manager Portfolio Manager, INVESCO (NY), Inc. since July 1998. Portfolio
since 1998 Manager (since 1996) and Investment Analyst (1994 to 1996),
INVESCO GT Asset Management Japan Ltd. (Tokyo). Investment
Analyst, Pacific Equity Management, from 1990 to 1994."
</TABLE>
<PAGE> 3
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 September 14, 1999
to the Prospectus dated May 3, 1999,
as supplemented May 21, 1999, June 22, 1999,
August 3, 1999 and August 16, 1999
This supplement supersedes and replaces the supplements dated August 3, 1999
and August 16, 1999.
On August 25, 1999, the shareholders of each series portfolio of GT Global
Variable Investment Series and GT Global Variable Investment Trust
(collectively, the GT Global Variable Investment Funds) approved an Agreement
and Plan of Reorganization pursuant to which each of the GT Global Variable
Investment Funds would transfer substantially all of its assets to the
corresponding series of AIM Variable Insurance Funds, Inc. It is anticipated
that the closing of such transactions will become effective as of the close of
business on such dates indicated below.
<TABLE>
<CAPTION>
GT GLOBAL VARIABLE INVESTMENT FUNDS AIM VARIABLE INSURANCE FUNDS, INC. DATE OF CLOSING
------------------------------------ ---------------------------------- ---------------
<S> <C> <C>
GT Global Variable Growth & Income Fund AIM V.I. Global Growth and Income Fund October 15, 1999
GT Global Variable America Fund AIM V.I. Capital Appreciation Fund October 15, 1999
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 October 22, 1999
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 October 15, 1999
Fund
GT Global Variable Strategic Income Fund
GT Global Variable Global Government AIM V.I. Diversified Income Fund October 15, 1999
Income Fund
GT Global Variable U.S. Government AIM V.I. Government Securities Fund October 15, 1999
Income Fund
GT Global Money Market Fund AIM V.I. Money Market Fund October 15, 1999
</TABLE>
<PAGE> 4
The section entitled "FUND MANAGEMENT - INTERNATIONAL FUND" on page 35 of the
prospectus should be deleted in its entirety and replaced with the following:
"INTERNATIONAL FUND
<TABLE>
<CAPTION>
Responsibilities Business Experience
Name/Office for the Fund During the Past Five Years
----------- -------------------- --------------------------
<S> <C> <C>
Anthony Broccardo Portfolio Manager Head of Global Equities and Global Balanced Fund Management since
since 1999 1999. Mr. Broccardo has been associated with the advisor and/or
its affiliates since 1993."
</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:
"NATURAL RESOURCES FUND
<TABLE>
<CAPTION>
Responsibilities Business Experience
Name/Office for the Fund During the Past Five Years
----------- -------------------- --------------------------
<S> <C> <C>
Derek H. Webb Portfolio Manager Portfolio Manager since 1994 and Analyst from 1992 to 1994, INVESCO
since 1995 (NY), Inc.
Roger Mortimer Portfolio Manager Portfolio Manager since 1997 and Assistant Portfolio Manager from
since 1999 1995 to 1997.
Michael Yellen Portfolio Manager Portfolio Manager since 1996, INVESCO (NY), Inc. Mr. Yellen has been
since 1999 associated with AIM and/or its affiliates since 1994.
Derek S. Izuel Portfolio Manager Mr. Izuel has been associated with AIM and/or its affiliates since
since 1999 1997. From 1995 to 1997 he was a full time student at the University
of Michigan. From 1991 to 1995 he was a software engineer with Bank
of America."
</TABLE>
The section entitled "FUND MANAGEMENT - GROWTH & INCOME FUND" on page 37 of the
prospectus should be deleted in its entirety and replaced with the following:
"GROWTH & INCOME FUND
<TABLE>
<CAPTION>
Responsibilities Business Experience
Name/Office for the Fund During the Past Five Years
----------- -------------------- --------------------------
<S> <C> <C>
Anthony Broccardo Portfolio Manager Head of Global Equities and Global Balanced Fund Management since
since 1999 1999. Mr. Broccardo has been associated with the advisor and/or its
affiliates since 1993.
Paul Griffiths Portfolio Manager Head of Global Fixed Income (since June 1997) and Portfolio Manager
since 1995 (from 1994 to 1997), INVESCO (NY), Inc. and INVESCO GT Asset
Management. Global Bond Fund Manager, Lazard Investors, from 1993
to 1994.
Michael McDonagh Portfolio Manager Portfolio Manager for GT London since 1992 and for INVESCO Asset
since 1998 Management Ltd. since October 1988. From 1977 to 1992, was a
Portfolio Manager for GT Asia.
John Nadell Portfolio Manager Portfolio Manager, INVESCO (NY), Inc. since July 1998. Portfolio
since 1998 Manager (since 1996) and Investment Analyst (1994 to 1996), INVESCO
GT Asset Management Japan Ltd. (Tokyo). Investment Analyst, Pacific
Equity Management, from 1990 to 1994."
</TABLE>
