<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 August 16, 1999
to the Prospectus dated May 3, 1999,
as revised June 22, 1999 and supplemented August 3, 1999
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 for Business Experience
Name/Office 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 1995
since 1999 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>
<PAGE> 2
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 August 16, 1999
to the Prospectus dated May 3, 1999
as supplemented May 21, 1999, June 22, 1999 and August 3, 1999
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 for Business Experience
Name/Office the Fund During the Past 5 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 1995
since 1999 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>
