Prospectus Supplement
dated July 24, 2000 to:
PUTNAM VARIABLE TRUST 63549 7/2000
Prospectuses dated April 30, 2000
In the section entitled "Who manages the funds?," the paragraph immediately
preceding the chart indicating the officers of Putnam Investment
Management, Inc. (Putnam Management) that have primary responsibility for
the day-to-day management of the portfolios of the funds, and the chart
entries with respect to each of Putnam VT Growth and Income Fund, Putnam VT
International Growth and Income Fund, and Putnam VT Voyager Fund are
replaced with the following:
The following officers of Putnam Management have primary responsibility for
the day-to-day management of the relevant 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.
<TABLE>
<CAPTION>
Fund Year Business experience (at least 5 years)
------- ------ ------------------------------------------------
<S> <C> <C> <C>
Putnam VT Growth and Income Fund
David L. King 1993 1983-Present Putnam Management
Managing Director
Hugh H. Mullin 1998 1986-Present Putnam Management
Senior Vice President
Sheldon N. Simon 1997 1984-Present Putnam Management
Senior Vice President
Christopher G. Miller 2000 1998-Present Putnam Management
Senior Vice President Prior to Jan. 1988 Analytic TSA Global
Asset Management
Putnam VT International Growth and Income Fund
Deborah F. Kuenstner 1999 1997-Present Putnam Management
Managing Director Prior to May 1997 DuPont Pension Fund
Investment
George Stairs 1999 1994-Present Putnam Management
Senior Vice President Prior to July 1994 Value Quest Ltd.
Colin Moore 2000 2000-Present Putnam Management
Managing Director Prior to May 2000 Rockefeller & Co., Inc.
Putnam VT Voyager Fund
Robert R. Beck 1995 1989-Present Putnam Management
Managing Director
Roland W. Gillis 1995 1995-Present Putnam Management
Managing Director Prior to March 1995 Keystone Custodian
Funds, Inc.
Michael P. Stack 1997 1997-Present Putnam Management
Senior Vice President Prior to November 1997 Independence Investment
Associates, Inc.
Charles H. Swanberg 1994 1984-Present Putnam Management
Senior Vice President
Paul Marrkand 2000 1987-Present Putnam Management
Senior Vice President
Kevin M. Divney 2000 1997-Present Putnam Management
Senior Vice President Prior to June 1997 Franklin Portfolio
James C. Weiss 2000 2000-Present Putnam Management
Senior Vice President Prior to April 2000 JP Morgan
</TABLE>
Prospectus Supplement
dated July 24, 2000 to:
PUTNAM VARIABLE TRUST 62550 7/2000
Prospectuses dated April 30, 2000
In the section entitled "Who manages the funds?," the paragraph immediately
preceding the chart indicating the officers of Putnam Investment
Management, Inc. (Putnam Management) that have primary responsibility for
the day-to-day management of the portfolios of the funds, and the chart
entries with respect to each of Putnam VT Growth and Income Fund and Putnam
VT Voyager Fund are replaced with the following:
The following officers of Putnam Management have primary responsibility for
the day-to-day management of the relevant 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.
<TABLE>
<CAPTION>
Fund Year Business experience (at least 5 years)
------- ------ -------------------------------------------------
<S> <C> <C> <C>
Putnam VT Growth and Income Fund
David L. King 1993 1983-Present Putnam Management
Managing Director
Hugh H. Mullin 1998 1986-Present Putnam Management
Senior Vice President
Sheldon N. Simon 1997 1984-Present Putnam Management
Senior Vice President
Christopher G. Miller 2000 1998-Present Putnam Management
Senior Vice President Prior to Jan. 1988 Analytic TSA Global
Asset Management
Putnam VT Voyager Fund
Robert R. Beck 1995 1989-Present Putnam Management
Managing Director
Roland W. Gillis 1995 1995-Present Putnam Management
Managing Director Prior to March 1995 Keystone Custodian
Funds, Inc.
Michael P. Stack 1997 1997-Present Putnam Management
Senior Vice President Prior to November 1997 Independence Investment
Associates, Inc.
Charles H. Swanberg 1994 1984-Present Putnam Management
Senior Vice President
Paul Marrkand 2000 1987-Present Putnam Management
Senior Vice President
Kevin M. Divney 2000 1997-Present Putnam Management
Senior Vice President Prior to June 1997 Franklin Portfolio
James C. Weiss 2000 2000-Present Putnam Management
Senior Vice President Prior to April 2000 JP Morgan
</TABLE>
Prospectus Supplement
dated July 24, 2000 to:
PUTNAM VARIABLE TRUST 63551 7/2000
Prospectus dated April 30, 2000
In the section entitled "Who manages the funds?," the paragraph immediately
preceding the chart indicating the officers of Putnam Investment
Management, Inc. (Putnam Management) that have primary responsibility for
the day-to-day management of the portfolios of the funds, and the chart
entry with respect to Putnam VT Growth and Income Fund is replaced with the
following:
The following officers of Putnam Management have 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.
Fund Year Business experience (at least 5 years)
------- ------ ----------------------------------------
Putnam VT Growth and Income Fund
David L. King 1993 1983-Present Putnam Management
Managing Director
Hugh H. Mullin 1998 1986-Present Putnam Management
Senior Vice President
Sheldon N. Simon 1997 1984-Present Putnam Management
Senior Vice President
Christopher G. Miller 2000 1998-Present Putnam Management
Senior Vice President Prior to Jan. 1988 Analytic TSA Global
Asset Management
Prospectus Supplement
dated July 24, 2000 to:
PUTNAM VARIABLE TRUST 63553 7/2000
Prospectus dated April 30, 2000
In the section entitled "Who manages the funds?," the paragraph immediately
preceding the chart indicating the officers of Putnam Investment
Management, Inc. (Putnam Management) that have primary responsibility for
the day-to-day management of the portfolios of the funds, and the chart
entry with respect to each of Putnam VT Growth and Income Fund and Putnam
VT Voyager Fund are replaced with the following:
The following officers of Putnam Management have primary responsibility for
the day-to-day management of the relevant 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.
<TABLE>
<CAPTION>
Fund Year Business experience (at least 5 years)
------- ------ --------------------------------------------------
<S> <C> <C> <C>
Putnam VT Growth and Income Fund
David L. King 1993 1983-Present Putnam Management
Managing Director
Hugh H. Mullin 1998 1986-Present Putnam Management
Senior Vice President
Sheldon N. Simon 1997 1984-Present Putnam Management
Senior Vice President
Christopher G. Miller 2000 1998-Present Putnam Management
Senior Vice President Prior to Jan. 1988 Analytic TSA Global
Asset Management
Putnam VT Voyager Fund
Robert R. Beck 1995 1989-Present Putnam Management
Managing Director
Roland W. Gillis 1995 1995-Present Putnam Management
Managing Director Prior to March 1995 Keystone Custodian
Funds, Inc.
Michael P. Stack 1997 1997-Present Putnam Management
Senior Vice President Prior to November 1997 Independence Investment
Associates, Inc.
Charles H. Swanberg 1994 1984-Present Putnam Management
Senior Vice President
Paul Marrkand 2000 1987-Present Putnam Management
Senior Vice President
Kevin M. Divney 2000 1997-Present Putnam Management
Senior Vice President Prior to June 1997 Franklin Portfolio
James C. Weiss 2000 2000-Present Putnam Management
Senior Vice President Prior to April 2000 JP Morgan
</TABLE>
Prospectus Supplement
dated July 24, 2000 to:
PUTNAM VARIABLE TRUST 63552 7/2000
Prospectus dated April 30, 2000
In the section entitled "Who manages the funds?," the paragraph immediately
preceding the chart indicating the officers of Putnam Investment
Management, Inc. (Putnam Management) that have primary responsibility for
the day-to-day management of the portfolio of the fund and the chart entry
with respect to Putnam VT Growth and Income Fund is replaced with the
following:
The following officers of Putnam Management have 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.
Fund Year Business experience (at least 5 years)
------- ------ -----------------------------------------
Putnam VT Growth and Income Fund
David L. King 1993 1983-Present Putnam Management
Managing Director
Hugh H. Mullin 1998 1986-Present Putnam Management
Senior Vice President
Sheldon N. Simon 1997 1984-Present Putnam Management
Senior Vice President
Christopher G. Miller 2000 1998-Present Putnam Management
Senior Vice President Prior to Jan. 1988 Analytic TSA Global
Asset Management
