<PAGE>
Rule 424(b)(3)
Registration No. 333-75677
GLOBALSTAR TELECOMMUNICATIONS LIMITED
PROSPECTUS SUPPLEMENT NO. 2 DATED SEPTEMBER 8, 1999
TO PROSPECTUS DATED APRIL 20, 1999
The Selling Holders table on pages 31 - 33 of the Prospectus, as previously
amended, is hereby further amended to update the information regarding the
following entities and their respective number of shares of Preferred Stock and
Common Stock:
<TABLE>
<CAPTION>
Number of Shares Number of Shares
of Preferred of Conversion
Selling Holders Stock Shares
- --------------- ----- ------
<S> <C> <C>
Forest Global Convertible Fund Series A5 66,100* 142,112*
Forest Fulcrum Fund LP 50,800* 109,217*
Scoggin Capital Management, L.P. 40,000 85,998
Davis Growth & Income Fund. 35,900 77,183
Scoggin International Fund, Inc. 26,000 55,898
Salomon Smith Barney Inc. 9,500 20,424
Forest Alternative Strategies II LP A5I 3,500* 7,524*
LLT LTD 3,400* 7,309*
Forest Alternative Strategies II LP A5M 1,400* 3,009*
- -------------------------------------------------
* Total number of shares; includes shares already listed in the Prospectus, as
amended.
</TABLE>
