PUTNAM VISTA FUND
Supplement dated April 7, 1994
to Prospectuses dated December 1, 1993
Jennifer K. Silver, Senior Vice President of Putnam Investment
Management, Inc. ("Putnam Management"), Michael J. Mufson, Vice
President of Putnam Management, and Anthony Santosus, Vice
President of Putnam Management, each of whom is a Vice President
of the Fund, are primarily responsible for the day-to-day
management of the Fund's portfolio. Ms. Silver has had this
responsibility since December, 1991, and Messrs. Mufson and
Santosus have had this responsibility since April, 1994. Ms.
Silver and Mr. Santosus have been employed by Putnam Management
for the past five years. Mr. Mufson has been employed by Putnam
Management since June, 1993. Prior to June, 1993, Mr. Mufson was
Senior Equity Analyst at Stein Roe & Farnham.
