PUTNAM CAPITAL MANAGER TRUST
Prospectus Supplement dated October 9, 1995
to Prospectuses dated May 1, 1995
Carol C. McMullen, Managing Director of Putnam Investment
Management, Inc. ("Putnam Management") and Vice President of the
Trust, and John K. Storkerson, Senior Vice President of Putnam
Management and Vice President of the Trust, have had primary
responsibility for the day-to-day management of the Trust's
portfolio since October, 1995 and April, 1992, respectively. Ms.
McMullen has been employed by Putnam Management since June, 1995.
Prior to June, 1995, Ms. McMullen was Senior Vice President of
Baring Asset Management. Mr. Storkerson has been employed by
Putnam Management since 1979.
HV-2003 21185 10/95
WVA-02 (10-95)
