<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 February 5, 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 and December 14, 1998
Effective February 5, 1999, the following information replaces in its entirety,
the table under "MANAGEMENT - INVESTMENT MANAGEMENT AND ADMINISTRATION:
TELECOMMUNICATIONS FUND" on page 45.
<TABLE>
<CAPTION>
BUSINESS EXPERIENCE
NAME/OFFICE PAST FIVE YEARS
----------- -------------------
<S> <C>
David P. Barnard 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 1982 and has been an investment professional
since 1974.
Claude C. Cody IV Vice President of AIM Capital and Portfolio Manager
Houston for the Fund since 1999. He has been associated
with AIM and/or its subsidiaries since 1992 and has
been an investment professional since 1976.
Robert M. Kippes Vice President of AIM Capital and Portfolio Manager
Houston for the Fund since 1999. He has been associated
with AIM and/or its subsidiaries since he began
working as an investment professional in 1989.
Paul A. Rogge Vice President of AIM Capital and Portfolio Manager
Houston for the Fund since 1999. He has been associated
with AIM since 1991 and has a total of six years of
experience as an investment professional.
Jonathan C. Schoolar Senior Vice President of A I M Capital and Portfolio
Houston Manager of the Fund since 1999. He has been
associated with AIM and/or its subsidiaries since
1986 and has been an investment professional since
1983.
Kenneth A. Zschappel Assistant Vice President of AIM Capital and
Houston Portfolio 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.
</TABLE>
