49914 1/99
PROSPECTUS SUPPLEMENT
dated January 11, 1999 to:
- -----------------------------------------------------------------
PUTNAM VISTA FUND
Prospectuses dated November 30, 1998
In the section entitled "Who manages the fund?" the second
paragraph 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 shown
below. Their experience as portfolio managers or investment
analysts over at least the last five years is also shown:
Manager Since Experience
- ------- ---- ----------------------------
Eric M. Wetlaufer 1997 Employed by Putnam
Managing Director Management since 1997.
Prior to November, 1997,
Mr. Wetlaufer was
employed at Cadence Capital
Management.
Margery C. Parker 1998 Employed by Putnam
Senior Vice President Management since 1997.
Prior to December, 1997,
Ms. Parker was employed at
Keystone Investments.
Anthony C. Santosus 1994 Employed by Putnam
Senior Vice President Management since 1985.
Dana Clark 1999 Employed by Putnam
Vice President Management since 1987.
