Prospectus Supplement 42320 4/98
dated April 6, 1998 to:
_________________________________________________________________
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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)
------- -------------------------
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.
Robert Swift 1996 Employed as an investment
Managing Director 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.
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.
Lisa Svensson 1998 Employed as an investment
Senior Vice President professional by Putnam
Management since July,
1994. Prior to July, 1994,
Ms. Svensson was employed
as a Securities Analyst
for
Lord, Abbett & Co.
