PUTNAM CAPITAL MANAGER TRUST
Prospectus Supplement dated June 10, 1996
to Prospectuses dated May 1, 1996
In the section of the prospectus of the Trust entitled "How the
Trust is managed," the chart reflecting the primary portfolio
managers of PCM Global Growth Fund is replaced with the
following:
Business experience
Year (at least 5 years)
---- -----------------------------
PCM Global Growth
Fund
Carol C. McMullen 1995 Employed as an investment
Managing Director professional by Putnam
Management since June, 1995.
Prior to June, 1995, Ms.
McMullen was Senior Vice
President of Baring Asset
Management.
John K. Storkerson 1992 Employed as an investment
Senior Vice President professional by Putnam
Management since 1979.
Robert Swift 1996 Employed as an investment
Senior Vice President professional by Putnam
Management since August,
1995. Prior to August, 1995,
Mr. Swift was Far East Team
Leader and Portfolio Manager
at IAI International/Hill
Samuel Investment Advisors.
Ami Kuan Danoff 1996 Employed as an investment
Vice President professional by Putnam
Management since April, 1993.
Prior to April, 1993, Ms.
Danoff attended the MIT Sloan
School of Management. Prior
to July, 1991, Ms. Danoff was
an International Equities
Analyst at Fidelity
Management and Research
Company.
HV-2037 25914 6/96
WVA-02S
