61829 5/00
Prospectus Supplement
dated May 8, 2000 to:
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THE PUTNAM FUND FOR GROWTH AND INCOME (the "Fund")
to Prospectuses dated February 29, 2000
The second paragraph under the heading "Who manages the fund?" is replaced
with the following:
The following officers of Putnam Management have had primary responsibility
for the day-to-day management of the fund's portfolio since the years shown
below. Their experience as portfolio managers or investment analysts over
at least the last five years is also shown.
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Manager Since Experience
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David L. King 1993 1983 - Present Putnam Management
Managing Director
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Christopher G. Miller 2000 1998 - Present Putnam Management
Senior Vice President Prior to 1998 Analytic TSA Global
Asset Management
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Hugh H. Mullin 1996 1986 - Present Putnam Management
Senior Vice President
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Sheldon N. Simon 1997 1984 - Present Putnam Management
Senior Vice President
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