Prospectus Supplement 40669 2/98
dated February 9, 1998 to:
_________________________________________________________________
Putnam Vista Fund (the "fund")
Prospectuses dated November 30, 1997
In the section "How the fund is managed," the chart indicating
the officers of Putnam Investment Management, Inc. ("Putnam
Management") that have primary responsibility for the day-to-day
management of the fund is replaced with the following:
Business experience
Year (at least 5 years)
------- -------------------------
Eric Wetlaufer 1997 Employed as an investment
Managing Director professional by Putnam
Management since November,
1997. Prior to November, 1997,
Mr. Wetlaufer a Managing
Director and Portfolio Manager
at Cadence Capital Management.
Margery C. Parker 1998 Employed as an investment
Senior Vice President professional by Putnam
Management since December,
1997. Prior to December, 1997,
Ms. Parker was a Vice President
and Portfolio Manager at
Keystone Investments.
David J. Santos 1996 Employed as an investment
Senior Vice President professional by Putnam
Management since 1986.
Anthony C. Santosus 1994 Employed as an investment Vice
Vice President professional by Putnam
Management since 1985.
