Prospectus Supplement 39237
12/97
dated December 8, 1997 to:
_________________________________________________________________
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PUTNAM GLOBAL GROWTH FUND (the "fund")
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.
Michael K. Arends 1997 Employed as an investment
Senior Vice President professional by Putnam
Management since November,
1997. Prior to November,
1997,
Mr. Arends was employed by
Phoenix Duff & Phelps as
Managing Director, Equities,
from August, 1994 to
November,1997. Prior to August,
1994, Mr. Arends was employed
as a Portfolio Manager with
Kemper Financial Services.
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 Kuan Danoff 1996 Employed as an investment
Vice President professional by Putnam
Management since April,
1993. Prior to April,
1993, Ms. Danoff attended
Alfred P. Sloan School of
Management, Massachusetts
Institute of Technology.
