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FORM N-8F
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Application Pursuant to Section 8(f) of the
Investment Company Act of 1940 ("Act")
and Rule 8f-1 Thereunder for Order Declaring
that a Registered Investment Company has Ceased
to be an Investment Company under the Act
I. GENERAL IDENTIFYING INFORMATION
1. Reason fund is applying to deregister (check only one; for
descriptions, see Instruction 1 above):
[x] Merger
[ ] Liquidation
[ ] Abandonment of Registration
(Note: Abandonments of Registration answer only questions 1
through 15, 24 and 25 of this form and complete verification
at the end of the form.)
[ ] Election of status as a Business Development Company
(Note: Business Development Companies answer only questions 1
through 10 of this form and complete verification at the end
of the form.)
2. Name of fund: GT Global Variable Investment Series
3. Securities and Exchange Commission File No.: 811-6672
4. Is this an initial Form N-8F or an amendment to a previously filed
Form N-8F?
[x] Initial Application [ ] Amendment
5. Address of Principal Executive Office (include No. and Street, City,
State, Zip Code):
11 Greenway Plaza, Suite 100
Houston, Texas 77046-1173
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6. Name, address and telephone number of individual the Commission
staff should contact with any questions regarding this form:
Nancy L. Martin, Esq.
A I M Advisors, Inc.
11 Greenway Plaza, Suite 100
Houston, Texas 77046-1173
(713) 626-1919
7. Name, address and telephone number of individual or entity responsible
for maintenance and preservation of fund's records in accordance with
rules 31a-1 and 31a-2 under the Act [17 CFR 270.31a-1, .31a-2]:
A I M Advisors, Inc.
11 Greenway Plaza, Suite 100
Houston, Texas 77046-1173
(713) 626-1919
NOTE: Once deregistered, a fund is still required to maintain and
preserve the records described in rules 31a-1 and 31a-2 for the
periods specified in those rules.
8. Classification of fund (check only one):
[x] Management company;
[ ] Unit investment trust; or
[ ] Face-amount certificate company.
9. Subclassification if the fund is a management company (check only one):
[x] Open-end [ ] Closed-end
10. State law under which the fund was organized or formed (e.g., Delaware
or Massachusetts):
The fund is organized as a Delaware business trust.
11. Provide the name and address of each investment adviser of the fund
(including sub-advisers) during the last five years, even if the
fund's contracts with those advisers have been terminated:
A I M Advisors, Inc. ("AIM"), the fund's investment adviser from May
29, 1998 until the fund's reorganization into AIM Variable Insurance
Funds, Inc. on October 15, 1999 in the case of GT Global Variable
America Fund, October 18, 1999 in the case of GT Global Money Market
Fund, and October 22, 1999 in the case of GT Global Variable
International Fund, GT Global Variable Europe Fund and GT Global
Variable New Pacific
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Fund, is located at 11 Greenway Plaza, Suite 100, Houston, Texas
77046-1173. From October 31, 1996 until May 29, 1998, Chancellor
LGT Asset Management, Inc. acted as the fund's investment adviser.
From January 1, 1996 until October 31, 1996, LGT Asset Management,
Inc. acted as the fund's investment adviser. Prior to January 1, 1996,
G.T. Capital Management, Inc. acted as the fund's investment adviser.
Chancellor LGT Asset Management, Inc., LGT Asset Management, Inc. and
G.T. Capital Management, Inc. were each located at 50 California
Street, 27th floor, San Francisco, California 94111.
INVESCO Asset Management Limited, the fund's investment sub-adviser to
GT Global Variable Europe Fund and GT Global Variable International
Fund from December 14, 1998 until October 22, 1999, is located at 11
Devonshire Square, London, EC2M 4YR, England. INVESCO (NY), Inc., the
fund's investment sub-adviser to GT Global Money Market Fund from May
29, 1998 until October 15, 1999, is located at 1166 Avenue of the
Americas, New York, New York 10036. INVESCO Asia Limited, the fund's
investment sub-adviser to GT Global Variable New Pacific Fund from
April 1999 until October 22, 1999, is located at Two Pacific Place,
Suite 2106, 88 Queensway, Hong Kong. Prior to May 29, 1998, the fund
did not have an investment sub-adviser.
12. Provide the name and address of each principal underwriter of the fund
during the last five years, even if the fund's contracts with those
principal underwriters have been terminated:
None.
13. If the fund is a unit investment trust ("UIT") provide:
(a) Depositor's name(s) and address(es):
(b) Trustee's name(s) and address(es):
Not applicable.
14. Is there a UIT registered under the Act that served as a vehicle for
investment in the fund (e.g. an insurance company separate account)?
[X] Yes [ ] No
If Yes, for each UIT state: Name, File Numbers, and Business
Address.
Name: General American Life Insurance Company
File Nos.: 811-07248, General American Separate Account 28
811-07252, General American Separate Account 29
811-08888, Security Equity Separate Account 26
811-08892, Security Equity Separate Account 27
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Business Address: 50 California Street, 27th Floor
San Francisco, CA 94111-4624
Name: American Express Financial Advisors
File Nos.: 811-07195, AEL Separate Account
811-07511, ACL Separate Account
Business Address: IDS Tower 10
Minneapolis, MN 55440-0010
15. (a) Did the fund obtain approval from the board of trustees
concerning the decision to engage in a Merger, Liquidation or
Abandonment of Registration?
[x] Yes [ ] No
If Yes, state the date on which the board vote took place:
June 15, 1999.
If No, explain:
(b) Did the fund obtain approval from the shareholders concerning
the decision to engage in a Merger, Liquidation or
Abandonment of Registration?
[x] Yes [ ] No
If Yes, state the date on which the shareholder vote took
place: August 25, 1999.
If No, explain:
II. DISTRIBUTIONS TO SHAREHOLDERS
16. Has the fund distributed any assets to its shareholders in connection
with the Merger or Liquidation?
[x] Yes [ ] No
(a) If Yes, list the date(s) on which the fund made those
distributions: October 15, 1999 in the case of GT Global
Variable America Fund, October 18, 1999 in the case of GT
Global Money Market Fund, and October 22, 1999 in the case of
GT Global Variable International Fund, GT Global Variable
Europe Fund and GT Global Variable New Pacific Fund.
(b) Were the distributions made on the basis of net assets?
[x] Yes [ ] No
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(c) Were the distributions made pro rata based on share ownership?
[x] Yes [ ] No
(d) If No to (b) or (c) above, describe the method of
distributions to shareholders. For Mergers, provide the
exchange ratio(s) used and explain how it was calculated:
Not applicable.
(e) Liquidations only:
Were any distributions to shareholders made in kind?
[ ] Yes [ ] No
If Yes, indicate the percentage of fund shares owned by affiliates, or
any other affiliation of shareholders:
Not applicable.
17. Closed-end funds only:
Has the fund issued senior securities?
[ ] Yes [ ] No
If Yes, describe the method of calculating payments to senior
securityholders and distributions to other shareholders:
Not applicable.
18. Has the fund distributed ALL of its assets to the fund's shareholders?
[x] Yes [ ] No
If No,
(a) How many shareholders does the fund have as of the date this
form is filed?
(b) Describe the relationship of each remaining shareholder to the
fund:
19. Are there any shareholders who have not yet received distributions
in complete liquidation of their interests?
[ ] Yes [x] No
If Yes, describe briefly the plans (if any) for distributing to, or
preserving the interests of, those shareholders:
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III. ASSETS AND LIABILITIES
20. Does the fund have any assets as of the date this form is filed?
(See question 18 above)
[ ] Yes [x] No
If Yes,
(a) Describe the type and amount of each asset retained by the
fund as of the date this form is filed:
(b) Why has the fund retained the remaining assets?
(c) Will the remaining assets be invested in securities?
[ ] Yes [ ] No
21. Does the fund have any outstanding debts (other than face-amount
certificates if the fund is a face-amount certificate company) or any
other liabilities?
[ ] Yes [x] No
If Yes,
(a) Describe the type and amount of each debt or other liability:
(b) How does the fund intend to pay these outstanding debts or other
liabilities?
IV. INFORMATION ABOUT EVENT(S) LEADING TO REQUEST FOR DEREGISTRATION
22. (a) List the expenses incurred in connection with the Merger or
Liquidation:
(i) Legal expenses: $ 10,117
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(ii) Accounting expenses: $ 4,710
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(iii) Other expenses (filing fees and
related expenses): $ 677
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(iv) Total expenses (sum of lines
(i)-(iii) above): $ 15,504
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(b) How were those expenses allocated?
Proportionately to the portfolios based on average net assets.
(c) Who paid those expenses?
Legal expenses paid by the adviser. Accounting and other
expenses paid by the fund.
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(d) How did the fund pay for unamortized expenses (if any)?
Not applicable.
23. Has the fund previously filed an application for an order of the
Commission regarding the Merger or Liquidation?
[ ] Yes [x] No
If Yes, cite the release numbers of the Commission's notice and order
or, if no notice or order has been issued, the file number and date
the application was filed:
V. CONCLUSION OF FUND BUSINESS
24. Is the fund a party to any litigation or administrative proceeding?
[ ] Yes [x] No
If Yes, describe the nature of any litigation or proceeding and the
position taken by the fund in that litigation:
25. Is the fund now engaged, or intending to engage, in any business
activities other than those necessary for winding up its affairs?
[ ] Yes [x] No
If Yes, describe the nature and extent of those activities:
VI. MERGERS ONLY
26. (a) State the name of the fund surviving the Merger: AIM Variable
Insurance Funds, Inc., a Maryland corporation.
(b) State the Investment Company Act file number of the fund surviving
the Merger: File No. 811-07452.
(c) If the merger or reorganization agreement has been filed with the
Commission, state the file number(s), form type used and date the
agreement was filed: File No. 333-81569, Form N-14, filed on
June 25, 1999.
(d) If the merger or reorganization agreement has not been filed with
the Commission, provide a copy of the agreement as an exhibit to
this form.
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VERIFICATION
The undersigned states that (i) she has executed this Form N-8F
application for an order under section 8(f) of the Investment Company Act of
1940 on behalf of GT Global Variable Investment Series, (ii) she is the
Assistant Secretary of GT Global Variable Investment Series, and (iii) all
actions by shareholders, trustees, and any other body necessary to authorize
the undersigned to execute and file this Form N-8F application have been taken.
The undersigned also states that the facts set forth in this Form N-8F
application are true to the best of her knowledge, information and belief.
/s/ NANCY L. MARTIN
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Nancy L. Martin, Esq.
Assistant Secretary, GT Global
Variable Investment Series
