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U.S. SECURITIES AND EXCHANGE COMMISSION, WASHINGTON, D.C. 20549
FORM 24F-2: ANNUAL NOTICE OF SECURITIES SOLD, PURSUANT TO RULE 24F-2
READ INSTRUCTIONS AT END OF FORM BEFORE PREPARING FORM. PLEASE PRINT OR TYPE.
1. Name and address of issuer:
G.T. GLOBAL VARIABLE INVESTMENT TRUST
50 CALIFORNIA STREET, 27TH FLOOR
SAN FRANCISCO, CA 94111
2. Name of each series or class of funds for which this notice is filed:
GT GLOBAL VARIABLE STRATEGIC INCOME FUND
GT GLOBAL VARIABLE GLOBAL GOVERNMENT INCOME FUND
GT GLOBAL VARIABLE U.S. GOVERNMENT INCOME FUND
GT GLOBAL VARIABLE GROWTH & INCOME FUND
GT GLOBAL VARIABLE LATIN AMERICA FUND
GT GLOBAL VARIABLE TELECOMMUNICATIONS FUND
GT GLOBAL VARIABLE EMERGING MARKETS FUND
GT GLOBAL VARIABLE INFRASTRUCTURE FUND
GT GLOBAL VARIABLE NATURAL RESOURCES FUND
3. Investment Company Act File Number: 811-7164
Securities Act File Number: 33-52036
4. Last day of fiscal year for which this notice is filed:
DECEMBER 31, 1996
5. Check box if this notice is being filed more than 180 days after the close
of the issuer's fiscal year for purposes of reporting securities sold after
the close of the fiscal year but before termination of the issuer's 24f-2
declaration:
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6. Date of termination of issuer's declaration under Rule 24f-2(a)(1), if
applicable
(see Instruction A.6):
DATE: _________________________
7. Number and amount of securities of the same class or series which had been
registered under the Securities Act of 1933 other than pursuant to Rule
24f-2 in a prior fiscal year, but which remained unsold at the beginning of
the fiscal year:
NUMBER: - 0 -
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8. Number and amount of securities registered during the fiscal year other
than pursuant to Rule 24f-2:
NUMBER: - 0 -
9. Number and aggregate sale price of securities sold during the fiscal year:
NUMBER: - 0 -
SALE PRICE: $ - 0 -
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to Rule 24f-2:
NUMBER: - 0 -
SALE PRICE: $ - 0 -
11. Number and aggregate sale price of securities issued during the fiscal year
in connection with dividend reinvestment plans, if applicable (see
Instruction B.7):
NUMBER: - 0 -
SALE PRICE: $ - 0 -
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal year in
reliance on Rule 24f-2 (from Item 10):
SALE PRICE: $ - 0 -
(ii) Aggregate price of shares issued in connection with dividend
reinvestment plans (from Item 11, if applicable):
PRICE: $ - 0 -
(iii) Aggregate price of shares redeemed or repurchased during the fiscal
year (if applicable):
PRICE: $ - 0 -
(iv) Aggregate price of shares redeemed or repurchased and previously
applied as a reduction to filing fees pursuant to Rule 24e-2 (if
applicable):
PRICE: $ - 0 -
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(v) Net aggregate price of securities sold and issued during the fiscal
year in reliance on Rule 24f-2 [line (i), plus line (ii), less line (iii),
plus line (iv)] (if applicable):
PRICE: $ - 0 -
(vi) Multiplier prescribed by Section 6(b) of the Securities Act of 1933
or other applicable law or regulation (see Instruction C.6):
1/3300
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]:
FEE: $ - 0 -
INSTRUCTION:
ISSUERS SHOULD COMPLETE LINES (ii), (iii), (iv) AND (v) ONLY IF THE FORM IS
BEING FILED WITHIN 60 DAYS AFTER THE CLOSE OF THE ISSUER'S FISCAL YEAR. SEE
INSTRUCTION C.3.
Check box if fees are being remitted to the Commission's lockbox depository as
described in section 3a of the Commission's Rules of Informal and Other
Procedures (17 CFR 202.3a).
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SIGNATURES
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.
By: /s/ David J. Thelander
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David J. Thelander, Assistant Secretary
Date: February 28, 1997
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KIRKPATRICK & LOCKHART LLP
1800 Massachusetts Avenue, N.W.
2nd Floor
Washington, D. C. 20036
February 27, 1997
G.T. Global Variable Investment Trust
50 California Street
San Francisco, California 94111
Dear Sir or Madam:
G.T. Global Variable Investment Trust (the "Trust") is an unincorporated
voluntary association organized under the laws of the Commonwealth of
Massachusetts by Declaration of Trust. The Trust currently consists of nine
series of shares of beneficial interest ("Series"): GT Global Variable Latin
America Fund, GT Global Variable Infrastructure Fund, GT Global Variable
Natural Resources Fund, GT Global Variable Telecommunications Fund, GT Global
Variable Growth & Income Fund, GT Global Variable Strategic Income Fund, GT
Global Variable Emerging Markets Fund, GT Global Variable Global Government
Income Fund, and GT Global Variable U.S. Government Income Fund. We understand
that the Trust is about to file a Rule 24f-2 Notice pursuant to Rule 24f-2 under
the Investment Company Act of 1940, as amended, for the purpose of making
definite the number of shares of beneficial interest in the Trust which it has
registered under the Securities Act of 1933, as amended, and which were sold
during the Trust's fiscal year ended December 31, 1996.
We have, as counsel, participated in various business and other proceedings
relating to the Trust. We have examined copies, either certified or otherwise
proved to be genuine, of the Declaration of Trust and By-Laws of the Trust, the
minutes of the meetings of the board of trustees and other documents relating to
its organization and operation, and we generally are familiar with its affairs.
Based on the foregoing and assuming that the shares were issued in compliance
with federal and state securities laws, it is our opinion that the shares of
beneficial interest in the Trust sold during the fiscal year ended December 31,
1996, the registration of which will be made definite by the filing of the Rule
24f-2 Notice, were legally issued, fully paid and nonassessable.
The Trust is an entity of the type commonly known as a "Massachusetts
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business trust." Under Massachusetts law, shareholders could, under certain
circumstances, be held liable personally for the obligations of the Trust or a
Series. The Declaration of Trust states that the creditors of, contractors with
and claimants against the Trust or a Series shall look only to the assets of the
Trust or such Series for payment. It also requires that notice of such
disclaimer be given in each note, bond contract, certificate, undertaking or
instrument made or issued by the officers or the trustees of the Trust on behalf
of the Trust or a Series. The Declaration of Trust further provides: (i) for
indemnification from Trust or Series assets, as appropriate, for all losses and
expenses of any shareholder personally held liable for the obligations of the
Trust or a Series by virtue of ownership of shares of a Series; and (ii) for the
Trust to assume the defense of any claim against any shareholder for being or
having been a shareholder of the Trust or a Series for any act or obligation of
the Trust or a Series. Thus, the risk of a shareholder incurring financial loss
on account of shareholder liability is limited to circumstances in which the
Trust or a Series would be unable to meet its obligations.
We hereby consent to this opinion accompanying the Rule 24f-2 Notice which
you are about to file with the Securities and Exchange Commission.
Sincerely yours,
KIRKPATRICK & LOCKHART LLP
By: /s/ Arthur J. Brown
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Arthur J. Brown
