PUTNAM OTC EMERGING GROWTH FUND
Prospectus Supplement dated June 10, 1996
to Prospectuses dated December 1, 1995
Business experience
Year (at least 5 years)
-----------------------
Steven L. Kirson 1996 Employed as an investment
Senior Vice President professional by Putnam
Management since 1989.
Michael J. Mufson 1996 Employed as an investment
Vice President professional by Putnam
Management since June, 1993.
Prior to June, 1993, Mr.
Mufson was Senior Equity
Analyst at Stein Roe &
Farnham.
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