PUTNAM INTERNATIONAL GROWTH AND INCOME FUND (the "fund")
Prospectus Supplement dated June 9, 1997
to Prospectus dated April 1, 1997
The third paragraph under the heading "How the fund is managed"
is replaced with the following:
The following officers of Putnam Investment Management, Inc.
("Putnam Management") have had primary responsibility for the
dayto-day management of the fund's portfolio since the years
stated below:
Business experience
Year (at least 5 years)
------- -------------------------
Justin M. Scott 1996 Employed as an investment
Managing Director professional by Putnam
Management since 1988.
Mark D. Pollard 1997 Employed as an investment
Senior Vice President professional by Putnam
Management since 1990.
George W. Stairs 1997 Employed as an
investment
Vice President professional by Putnam
Management since July, 1994.
Prior to July 1994, Mr.
Stairs was an Associate at
ValueQuest Ltd.
34598 6/97
