PUTNAM GLOBAL GROWTH FUND (the "fund")
Prospectus Supplement dated June 9, 1997
to Prospectuses dated February 28, 1997
The third paragraph under the heading "How the fund is managed"
is replaced with the following:
The following officers of Putnam Investment Management, Inc.
("Putnam Management") have had primary responsibility for the day-
to-day management of the fund's portfolio since the years stated
below:
Business experience
Year (at least 5 years)
------- -------------------------
Anthony W. Regan 1987 Employed as an investment
Senior Managing Director professional by Putnam
Management since 1987.
Thomas R. Haslett 1997 Employed as an investment
Managing Director professional by
Putnam Management since
December, 1996. Prior to
December, 1996, Mr.
Haslett was Managing
Director of Montgomery
Asset Management Ltd.
Carol C. McMullen 1995 Employed as an investment
Managing Director professional by Putnam
Management since June,
1995. Prior to June,
1995, Ms. McMullen was
a Senior Vice President
at Baring Asset
Management.
C. Kim Goodwin 1996 Employed as an investment
Senior Vice President professional by Putnam
Management since May,
1996. Prior to May,
1996, Ms. Goodwin was
Vice President at
Prudential Mutual Fund
Investment Management.
Prior to February, 1993,
Ms. Goodwin was Assistant
Vice President at Mellon
Bank Corporation.
Kelly A. Morgan 1997 Employed as an investment
Senior Vice President professional by Putnam
Management since
December, 1996. Prior to
December, 1996, Ms.
Morgan was Senior Vice
President of Alliance
Capital Management L.P.
Robert Swift 1996 Employed as an investment
Senior Vice President professional by Putnam
Management since August, 1995.
Prior to August, 1995,
Mr. Swift was Director
and Senior Portfolio
Manager at IAI
International/Hill Samuel
Investment Advisors.
Ami T. Kuan 1996 Employed as an investment
Vice President professional by Putnam
Management since April,
1993. Prior to April,
1993, Ms. Kuan attended
Alfred P. Sloan School of
Management, Massachusetts
Institute of Technology.
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