VIA EDGAR
December 4, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: Putnam OTC Emerging Growth Fund (Reg. No. 22-78369)
(811-3512) (the "Fund")
Ladies and Gentlemen:
Pursuant to Rule 497(j) under the Securities Act of 1933, as
amended, the Fund hereby certifies that the form of prospectus
that would have been filed on behalf of the Fund pursuant to Rule
497(c) upon the effectiveness of Post-Effective Amendment No. 18
to the Fund's Registration Statement on Form N-1A (the
"Amendment") would not have differed from that contained in the
Amendment, which is the most recent amendment to such
Registration Statement and was filed electronically on December
1, 1995.
Comments or questions concerning this certificate may be
directed to Jill Grossberg at 1-800-225-2465, ext. 1913.
Very truly yours,
Putnam OTC Emerging Growth Fund
/s/ Gordon H. Silver
By: ----------------------------------
Gordon H. Silver
Vice President
cc: Bryan Chegwidden, Esq.
