PROSPECTUS SUPPLEMENT 65869 10/00
dated October 9, 2000 to:
Putnam Global Natural Resources Fund (the "fund")
Prospectus dated December 30, 1999
In the section entitled "Who manages the fund?" the second paragraph 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 shown
below. Their experience as portfolio managers or investment analysts over
at least the last five years is also shown.
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Manager Since Experience
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Delores S. Bamford 1999 1991-Present Putnam Management
Senior Vice President
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James M. Falvey 2000 Aug. 2000-Present Putnam Management
Senior Vice President Prior to Aug. 2000 Dresdner, Kleinwort, Benson
Prior to Jan. 1998 Saloman Smith Barney
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