50147 2/99
PROSPECTUS SUPPLEMENT
dated February 8, 1999 to:
- -----------------------------------------------------------------
PUTNAM LATIN AMERICA FUND
PUTNAM ASIA PACIFIC FUND II
PUTNAM INTERNATIONAL FUND
Prospectus dated December 30, 1998
In the section entitled "Who manages each fund?" the second
paragraph is replaced with the following:
The following officers of Putnam Investment Management, Inc.
("Putnam Management") have had primary responsibility for the day-
to-day management of the fund's portfolio since the years shown
below. Their experience as portfolio managers or investment
analysts over at least the last five years is also shown:
MANAGER SINCE EXPERIENCE
- ---------- ------- ----------------------------
PUTNAM ASIA PACIFIC FUND II
Carmel Peters 1998 Employed by Putnam
Management Senior Vice President since 1997. Prior to May, 1997, Ms.
Peters was employed by Wheelock
Natwest Investment Management,
Hong Kong, and prior to February,
1996, she was employed by Rothschild
Asset Management Asia Pacific, Hong
Kong.
Paul C. Warren 1999 Employed by Putnam
Management since Senior Vice President 1997. Prior to May, 1997, Mr. Warren
was employed at IDS Fund
Management, prior to August,
1994, he was employed at Pilgrim Baxter
Associates and prior to March, 1994, he
was employed at Prudential Asia.
