41604 3/98
Prospectus Supplement
dated March 9, 1998 to:
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Putnam International Growth and Income Fund
Prospectus dated October 30, 1997
The third paragraph under the heading "How the fund is managed" is
replaced with the following:
The following officers of Putnam Management have had primary
responsibility for the day-to-day management of the fund's
portfolio since the years stated below:
Business experience
Year (at least 5 years)
----- -------------------------
Deborah F. Kuenstner 1998 Employed as an investment
Senior Vice President professional by Putnam
Management since March, 1997.
Prior to March, 1997, Ms.
Kuenstner was the Senior
Portfolio Manager at Dupont
Pension Fund Investment.
George W. Stairs 1997 Employed as an investment
Senior Vice President professional by Putnam
Management since July, 1994.
Prior to July, 1994, Mr.
Stairs was an Associate
at ValueQuest Ltd.
