PUTNAM TAX-FREE INSURED FUND
Prospectus Supplement dated February 5, 1996
to Prospectus dated December 1, 1995
The following officers of Putnam Investment Management, Inc.,
the fund's investment manager ("Putnam Management"), have had
primary responsibility for the day-to-day management of the
fund's portfolio since the year stated below:
Business experience
Year (at least 5 years)
---- -------------------------
Richard P. Wyke 1988 Employed as an investment professional
Senior Vice by Putnam Management since 1987.
President
James M. Prusko 1996 Employed as an investment professional
Assistant Vice by Putnam Management since 1992. Prior
President to 1992, Mr. Prusko was a Sales and
Trading Associate at Salomon Brothers.
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