GT GLOBAL FUNDS
                             G.T. INVESTMENT FUNDS, INC.
                           G.T. INVESTMENT PORTFOLIOS, INC.
                                                                    May 27, 1998

                           **IMMEDIATE ATTENTION REQUIRED**

                           SPECIAL MEETING OF SHAREHOLDERS
                              ADJOURNED TO JUNE 10, 1998
                              ---------

Dear Shareholder:

At the May 20, 1998 Shareholder meeting, Shareholders unanimously approved,
among other things, the Fund's new advisory agreements with A I M Advisors, Inc.
("AIM").  At this time, the meeting has been adjourned to June 10, 1998 to give
Shareholders additional time to vote regarding Proposal 5, the reorganization of
G.T. Investment Funds, Inc. and G.T. Investment Portfolios, Inc. (each a
"Company") into Delaware business trusts.  Shares voted thus far overwhelmingly
voted in favor of Proposal 5. As of May 26, 1998, over 87% of the shares voted
were voted in favor of Proposal 5.  With respect to each Company, approval of
Proposal 5 requires the affirmative vote of a majority of the Company's
outstanding shares.    ACCORDINGLY, IN ORDER TO APPROVE THE PROPOSAL, WE MUST
RECEIVE YOUR VOTE AS SOON AS POSSIBLE.

G.T. Investment Funds, Inc. and G.T. Investment Portfolios, Inc. currently are
organized as Maryland Corporations. The Boards of each company have approved an
agreement and plan of conversion to reorganize each Company into a newly created
open-end management investment company organized under the Delaware Business
Trust Act.    The reorganizations are being proposed because the Boards,  AIM
and Chancellor LGT Asset Management, Inc. believe that the Delaware business
trust organizational form offers a number of advantages over the Maryland
corporate organizational form.   Please see page 30 in the proxy statement you
previously received for further information regarding the transaction.

For your convenience, we have established three easy methods by which to
register your vote:

       1.  BY PHONE:   Please call SHAREHOLDER COMMUNICATIONS CORPORATION toll
                       free at 1-800-733-8481, EXTENSION "465". Representatives
                       will be available to  quickly record your vote Monday 
                       through Friday between the hours of 9:00 a.m. and 
                       11:00 p.m. and Saturday between 10:00 a.m. and 6:00 p.m.
                       eastern time.

       2.  BY FAX:     Fax your proxy to us toll free at 1-800-733-1885, 
                       anytime.

       3.  BY MAIL:    Return your executed proxy in the enclosed postage paid
                       envelope.  Please utilize this option only if methods 1
                       and 2 are both unavailable, as we may not receive your
                       proxy by mail by June 10, 1998 meeting.

If you have any questions regarding the execution of your proxy, please call GT
Global Client Services Department at 1-800-223-2138.  Please take a few moments
to vote now in order to avoid the additional expenses incurred for further proxy
solicitation and/or meeting adjournments.

Thank you for your prompt attention.