Prospectus Supplement dated December 9, 1996 to Defined
Contribution Plan Prospectus for Class Y shares:
PUTNAM ASSET ALLOCATION FUNDS
Prospectus dated February 1, 1996
PUTNAM DIVERSIFIED INCOME TRUST
Prospectus dated February 1, 1996
THE PUTNAM FUND FOR GROWTH AND INCOME
Prospectus dated March 1, 1996
PUTNAM GLOBAL GROWTH FUND
Prospectus dated March 1, 1996
PUTNAM GROWTH AND INCOME FUND II
Prospectus dated April 1, 1996
PUTNAM INCOME FUND
Prospectus dated March 1, 1996
PUTNAM INTERNATIONAL GROWTH FUND
Prospectus dated October 30, 1996
PUTNAM NEW OPPORTUNITIES FUND
Prospectus dated October 30, 1996
On December 6, 1996, the Trustees of the Putnam funds approved
the elimination of all of the non-fundamental investment
restrictions of the above-named funds, including those summarized
in the section of the prospectus entitled "How the fund pursues
its objective(s) -- Limiting investment risk" except for the
following policy, which prohibits a fund from investing more
than:
15% of its net assets in any combination of securities that
are not readily marketable, in securities restricted as to
resale (excluding securities determined by the Trustees (or
the person designated by them to make such determinations)
to be readily marketable) or in repurchase agreements
maturing in more than seven days. (Under current rules, a
money market fund may not invest more than 10% of its net
assets in such securities.)
Job code 29922
