60968 4/00
Prospectus Supplement
dated April 10, 2000 to:
- -------------------------------------------------------------------------
PUTNAM GROWTH FUND
PUTNAM U.S. CORE FUND
PUTNAM VALUE FUND
to Prospectus dated August 30, 1999
Information about the portfolio manager of Putnam Value Fund in the third
paragraph under the heading "Who manages the funds?" is replaced with the
following:
Manager Since Experience
- ---------------------------------------------------------------------------
David L. King 2000 1983 - Present Putnam Management
Managing Director
- ---------------------------------------------------------------------------
Jeanne L. Mockard 2000 1990 - Present Putnam Management
Senior Vice President
- ---------------------------------------------------------------------------