46708 10/98
PROSPECTUS SUPPLEMENT
dated October 5, 1998 to:
- -----------------------------------------------------------------
PUTNAM GLOBAL GROWTH FUND (THE "FUND")
Prospectuses dated February 28, 1998
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)
------- ------------------------
Robert J. Swift 1996 Employed as an investment
Managing Director professional by Putnam
Management since 1995.
Prior to August 1995,
Mr. Swift was Director
and Senior Portfolio
Manager at IAI
International/Hill Samuel
Investment Advisors.
Michael K. Arends 1997 Employed as an investment
Senior Vice President professional by Putnam
Management since 1997. Prior
to November 1997, Mr. Arends
was employed by Phoenix Duff &
Phelps as Managing Director,
Equities. 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 1996.
Prior to December 1996, Ms.
Morgan was Senior Vice
President of Alliance
Capital Management L.P.
Lisa Svensson 1998 Employed as an investment
Senior Vice President professional by Putnam
Management since 1994. Prior
to July 1994, Ms. Svensson
attended Alfred P. Sloan
School of Management,
Massachusetts Institute of
Technology.
Manuel Weiss 1996 Employed as an investment
Senior Vice President professional by Putnam
Management since 1987.
Olivier M. Rudigoz 1998 Employed as an investment
Vice President professional by Putnam
Management since 1998. Prior
to April 1998, Mr. Rudigoz
was a Portfolio Manager at
Paribas Asset Management.
