CONSENT OF INDEPENDENT ACCOUNTANTS
The Board of Trustees and Shareholders
Putnam Global Natural Resources Fund:
We consent to the use of our report dated October 6, 2000, incorporated
in this Registration Statement by reference, to the Putnam Global
Natural Resources Fund and to the references to our firm under the
captions "Financial Highlights" in the prospectus and "Independent
Accountants and Financial Statements" in the Statement of Additional
Information.
KPMG LLP
Boston, Massachusetts
December 26, 2000
