[H & M Final]
[Translation]
SEMI-ANNUAL REPORT
(The Sixth Term)
From: July 1, 1999
To: December 31, 1999
AMENDMENT TO SECURITIES REGISTRATION STATEMENT
(For NAV Sale)
PUTNAM EUROPE GROWTH FUND
SEMI-ANNUAL REPORT
(The Sixth Term)
From: July 1, 1999
To: December 31, 1999
PUTNAM EUROPE GROWTH FUND
SEMI-ANNUAL REPORT
(The Sixth Term)
From: July 1, 1999
To: December 31, 1999
<TABLE>
<CAPTION>
To: Director of Kanto Local Finance Bureau
<S> <C>
Filing Date: March 31, 2000
Filing Date of Amendment: April 30, 2000
Name of the Registrant Fund: PUTNAM EUROPE GROWTH FUND
Name and Official Title of Representative Charles E. Porter
Of Trustees: Executive Vice President
Address of Principal Office: One Post Office Square
Boston, Massachusetts 02109
U. S. A.
Name and Title of Registration Agent: Harume Nakano
Attorney-at-Law
Signature [Harume Nakano]
------------------------
(Seal)
Ken Miura
Attorney-at-Law
Signature [Ken Miura]
--------------------
(Seal)
Address or Place of Business Kasumigaseki Building, 25th Floor
2-5, Kasumigaseki 3-chome
Chiyoda-ku, Tokyo
Name of Liaison Contact: Harume Nakano
Ken Miura
Attorneys-at-Law
Place of Liaison Contact: Hamada & Matsumoto
Kasumigaseki Building, 25th Floor
2-5, Kasumigaseki 3-chome
Chiyoda-ku, Tokyo
Phone Number: 03-3580-3377
Places where a copy of this Semi-annual Report is available for Public Inspection
Not applicable.
(Total number of pages of this Semi-annual Report
is 36 including the front page)
</TABLE>
<TABLE>
<CAPTION>
C O N T E N T S
This Japanese
English Original
Translation
I. STATUS OF INVESTMENT FUND
<S> <C> <C>
(1) Diversification of Investment Portfolio 1 1
(2) Results of Past Operations 2 1
a. Record of Changes in Net Assets 2 2
b. Record of Distributions Paid 2 2
(3) Record of Sales and Repurchases 3 2
II. OUTLINE OF THE FUND
1. FUND 4 3
(1) Amount of Capital Stock 4 3
(2) Information Concerning Major Shareholders 4 3
(3) Information Concerning Directors, Officers
and Employees 4 3
(4) Description of Business and Outline of
Operation 8 5
(5) Miscellaneous 8 5
2. Putnam Investment Management, Inc.
(Investment Management Company) 8 5
(1) Amount of Capital Stock 8 5
(2) Information Concerning Major Shareholders 8 5
(3) Information Concerning Directors, Officers
and Employees 8 6
(4) Summary of Business Lines and Business
Operation 20 13
(5) Miscellaneous 31 29
III. OUTLINE OF THE FINANCIAL STATUS OF THE FUND 31 30
IV. OUTLINE OF THE FINANCIAL STATUS OF THE
INVESTMENT MANAGEMENT COMPANY 31 47
</TABLE>
<TABLE>
<CAPTION>
I. STATUS OF INVESTMENT FUND ("Putnam Europe Growth Fund") (the "Fund")
(1) Diversification of Investment Portfolio
Diversification of Investment Portfolio by Types of Assets and geographic
Regions:
(As of the end of February 2000)
----------------------------------------------------------------------------------
Investment
Types of Assets Name of Country Total USD Ratio (%)
----------------------------------------------------------------------------------
<S> <C> <C> <C>
Common Stock United Kingdom 579,640,413 27.48
France 396,484,132 18.80
Germany 210,474,032 9.98
Netherlands 205,607,356 9.75
Sweden 181,289,003 8.60
Italy 158,096,090 7.50
Switzerland 121,670,434 5.77
Finland 106,786,907 5.06
Ireland 45,485,912 2.16
Spain 37,116,308 1.76
United States 13,899,856 0.66
----------------------------------------------------------------------------------
Sub-total 2,056,550,443 97.52
----------------------------------------------------------------------------------
Cash, Deposit and Other
Assets (After deduction 52,236,962 2.48
liabilities)
----------------------------------------------------------------------------------
Total 2,108,787,405 100.00
(Net Asset Value) ([YEN] 231,756 million)
----------------------------------------------------------------------------------
Note 1: Investment ratio is calculated by dividing each asset at its market value
by the total Net Asset Value of the Fund. The same applies hereinafter.
Note 2: The exchange rate of U.S. dollars ("Dollar" or "$") into Japanese Yen is
[YEN] 109.90 for one U.S. Dollar, which is the actual middle point between
the selling and buying currency rate by telegraphic transfer on February 29,
2000 quoted by The Bank of Tokyo-Mitsubishi, Ltd. The same applies
hereinafter.
Note 3 In this report, money amounts and percentages have been rounded. Therefore,
there are cases in which the amount for the "total" column is not equal to
the aggregate amount. Also, conversion into other currencies is done simply
by multiplying the corresponding amount by the conversion rate specified and
rounded up when necessary. As a result, in this report, there are cases in
which figures for the same information differ from each other.
</TABLE>
<TABLE>
<CAPTION>
(2) Results of Past Operations
a. Record of Changes in Net Assets (Class M Shares)
Record of changes in net assets during the one-year period up to and including
the end of February 2000 is as follows:
Total Net Asset Value Net Asset Value per Share
----------------------------------------------------------------------------------
USD (thousands) Yen (millions) USD Yen
----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1999 End of March 156,614 17,212 21.41 2,353
April 128,110 14,079 21.56 2,369
May 104,598 11,495 21.05 2,313
June 97,950 10,765 21.48 2,361
July 93,660 10,293 21.79 2,395
August 89,613 9,848 21.77 2,393
September 86,166 9,470 21.74 2,389
October 89,671 9,855 22.54 2,477
November 91,114 10,013 23.83 2,619
December 95,375 10,482 26.39 2,900
2000 End of January 79,169 8,701 25.04 2,752
February 75,866 8,338 27.48 3,020
----------------------------------------------------------------------------------
(Note) Operations of Class M Shares were commenced on December 1, 1994.
b. Record of Distributions Paid (Class M Shares)
<CAPTION>
Fiscal Year Amount paid per Share Capital Gains
----------------------------------------------------------------------------------
<S> <C> <C>
The Fifth Fiscal Year $0.20 ([YEN] 21.98) $1.00 ([YEN] 109.90)
(7/1/98 - 6/30/99)
----------------------------------------------------------------------------------
(Note) Record of distribution paid from December 1994 to December 1999 are
as follows:
<CAPTION>
Dividend NAV per Share
-----------------------------------------------------------------------
Ex-dividend Date USD JPY USD
-----------------------------------------------------------------------
<S> <C> <C> <C>
1996 December 20 $1.230 135.18 $16.11
1997 December 19 $1.430 157.16 $18.09
1998 December 18 $1.196 131.44 $20.76
1999 December 17 $0.042 4.62 $25.21
(3) Record of Sales and Repurchases (Class M Shares)
Record of sales and repurchases during the one year period up to and including
the end of February 2000 and number of outstanding shares of the Fund as of the
end of February 2000 are as follows:
(3/1/99 - 2/29/00)
<CAPTION>
Number of Shares Sold Number of Shares Number of Outstanding
Repurchased Shares
----------------------------------------------------------------------------------
<S> <C> <C>
5,027,390 10,254,133 2,761,118
(3,229,460) (7,990,220) (1,174,470)
----------------------------------------------------------------------------------
Note: The number of Shares sold, repurchased and outstanding in the parentheses
represents those sold, repurchased and outstanding in Japan.
</TABLE>
<TABLE>
<CAPTION>
II. OUTLINE OF THE FUND
1. Fund
(1) Amount of Capital Stock
Not applicable.
(2) Information Concerning Major Shareholders
Not applicable.
(3) Information Concerning Directors, Officers and Employees
(1) Trustees and Officers of the Fund (as of February 29, 2000)
--------------------------------------------------------------------------------------
Name Office and Title Resume Shares Owned
--------------------------------------------------------------------------------------
<S> <C> <C> <C>
George Putnam Chairman and present: Chairman and Director, 5,435
President Putnam Investment
Management and Putnam Mutual
Funds Corp.
Director, Freepost Copper
and Gold, Inc., Houghton
Mifflin Company and Marsh &
McLennan Companies, Inc.
--------------------------------------------------------------------------------------
John A. Hill Vice Chairman present: Chairman and Managing 4,557
Director of First Reserve
Corp., Director, Synder Oil
Corporation, TransMontaigue
Oil Company and various
private companies owned by
First Reserve Corp.
--------------------------------------------------------------------------------------
William F. Pounds Vice Chairman present: Professor Emeritus of 8,881
Management, Alfred P. Sloan
School of Management,
Massachusetts Institute of
Technology, Director, IDEXX
Laboratories, Inc.,
Management Sciences for
Health, Inc. and Sun
Company, Inc.
--------------------------------------------------------------------------------------
Jameson Adkins Baxter Trustee present: President, Baxter 685
Associates, Inc., Director
of MB Financial, Inc., ASHTA
Chemicals, Inc., Banta
Corporation and Ryerson
Tull, Inc.
--------------------------------------------------------------------------------------
Hans H. Estin Trustee present: Vice Chairman, North 419
American Management Corp.
--------------------------------------------------------------------------------------
Ronald J. Jackson Trustee present: Former Chairman, President 1,201
and Chief Executive Officer,
Fisher-Price, Inc.
--------------------------------------------------------------------------------------
Paul. L. Joskow Trustee present: Professor of Economics and 0
Management and former
Chairman of Dept. of
Economics, the Massachusetts
Institute of Technology,
Director of New England
Electric System, State Farm
Indemnity Company and
Whitehead Institute for
Biomedical Research
--------------------------------------------------------------------------------------
Elizabeth T. Kennan Trustee present: President Emeritus and 315
Professor, Mount Holyoke
College, Director, Bell
Atlantic, The Kentucky
Home Life Insurance
Companies, Northern
Utilities and Talbots
--------------------------------------------------------------------------------------
Lawrence J. Lasser Trustee and Vice present: President, Chief Executive 109
President Officer and Director, Putnam
Investments, Inc. and Putnam
Investment Management, Inc.
Director, Marsh & McLennan
Companies, Inc. and United
Way of Massachusetts Bay
--------------------------------------------------------------------------------------
John H. Mullin, III Trustee present: Chairman and Chief Executive 582
Officer, Ridgeway Farm,
Director, ACX Technologies,
Inc., Alex Brown Realty,
Inc., The Liberty Corporation
and Carolina Power & Light
--------------------------------------------------------------------------------------
Robert E. Patterson Trustee present: President and Trustee of 1,724
Cabot Industrial Trust and
Director of Brandywine Trust
Company
--------------------------------------------------------------------------------------
George Putnam, III Trustee present: President, New Generation 329
Research, Inc. and New
Generation Advisers, Inc.,
Director, The Boston Family
Office L.L.C.
--------------------------------------------------------------------------------------
A.J.C. Smith Trustee present: Chairman and Chief 139
Executive Officer, Marsh &
McLennan Companies, Inc.,
Director, Trident Partnership
--------------------------------------------------------------------------------------
W. Thomas Stephens Trustee present: President and Chief 117
Executive Officer of
MacMillan Bloedel, Ltd.
Director, Qwest
Communications and New
Century Energies
--------------------------------------------------------------------------------------
W. Nicholas Thorndike Trustee present: Director of various 129
corporations and charitable
organizations, including
Courier Corp., Data
General Corp., Bradley
Real Estate, Inc. and
Providence Journal Co.
--------------------------------------------------------------------------------------
Charles E. Porter Executive Vice present: Managing Director, 0
President Putnam Investments, Inc.
and Putnam Investment
Management, Inc.
--------------------------------------------------------------------------------------
John D. Hughes Senior Vice present: Senior Vice President 0
President and of Putnam Investment
Treasurer Management, Inc.
--------------------------------------------------------------------------------------
Patricia C. Flaherty Senior Vice present: Senior Vice President 0
President of Putnam Investments, Inc.
and Putnam Investment
Management, Inc.
--------------------------------------------------------------------------------------
Ian C. Ferguson Vice President present: Senior Managing Director 0
of Putnam Investments,
Inc. and Putnam Investment
Management, Inc.
--------------------------------------------------------------------------------------
Gordon H. Silver Vice President present: Director and Senior 14,990
Managing Director of
Putnam Investments, Inc.
and Putnam Investment
Management, Inc.
--------------------------------------------------------------------------------------
Brett C. Browchuk Vice President present: Managing Director of 0
Putnam Investment
Management, Inc.
--------------------------------------------------------------------------------------
John R. Verani Vice President present: Senior Vice President 0
of Putnam Investments,
Inc. and Putnam Investment
Management, Inc.
--------------------------------------------------------------------------------------
John J. Morgan, Jr. Vice President present: Managing Director of 0
Putnam Investments, Inc.
and Putnam Investment
Management, Inc.
--------------------------------------------------------------------------------------
Richard Monaghan Vice President present: Managing Director, 0
Putnam Investments, Inc.
Chief of Mutual Fund
Business of Putnam Mutual
Funds Corp.
--------------------------------------------------------------------------------------
Nigel P. Hart Vice President present: Senior Vice President of 321
Putnam Investments, Inc.
and Putnam Investment
Management, Inc.
--------------------------------------------------------------------------------------
Omid Kamshad Vice President present: Managing Director of 0
Putnam Investments, Inc.
and Putnam Investment
Management, Inc.
--------------------------------------------------------------------------------------
Mark D. Pollard Vice President present: Senior Vice President 0
of Putnam Investments,
Inc. and Putnam Investment
Management, Inc.
--------------------------------------------------------------------------------------
Justin M. Scott Vice President present: Managing Director of 236
Putnam Investments, Inc.
and Putnam Investment
Management, Inc.
--------------------------------------------------------------------------------------
Nicholas Melhuish Vice President Present: Vice President of Putnam 0
Investments, Inc. and
Putnam Investment
Management, Inc.
--------------------------------------------------------------------------------------
Paul G. Bucuvalas Assistant present: N/A 0
Treasurer
--------------------------------------------------------------------------------------
Judith Cohen Associate Clerk present: N/A 0
--------------------------------------------------------------------------------------
Note: The Fund does not have any employees.
(4) Description of Business and Outline of Operation
The Fund may carry out any administrative and managerial act, including the
purchase, sale, subscription and exchange of any securities and the exercise of all
rights directly or indirectly pertaining to the Fund's assets. The Fund has retained
Putnam Investment Management, Inc., the investment adviser, to render investment
advisory services and Putnam Fiduciary Trust Company, to hold the assets of the Fund
in custody and act as Investor Servicing Agent.
(5) Miscellaneous
During the six months preceding the filing of this report, there has not been,
nor is there currently any litigation that has had or is expected by Investment
Management Company to have, a material adverse effect on the Fund.
</TABLE>
2. Investment Management Company
(1) Amount of Capital Stock (as of the end of February 2000)
1. Amount of Capital (issued capital stock at par value):
Common Stock 1,000 shares at $1 par value
2. Number of authorized shares of capital stock:
Common Stock 1,000 shares
3. Number of outstanding shares of capital stock:
Common Stock 1,000 shares
4. Amount of capital (for the purposes of this Item, "Amount of Capital"
means total stockholders' equity for the past five years:
Amount of Capital
Year (Total Stockholders' Equity)
End of 1995 $45,521,351
End of 1996 $45,817,658
End of 1997 $48,617,160
End of 1998 $425,782,008
End of 1999 $879,639,862
(2) Information Concerning Major Shareholders
As of the end of February 2000, all the outstanding shares of capital stock
of Investment Management Company were owned by Putnam Investments, Inc.
(3) Information Concerning Directors, Officers and Employees
The following table lists the names of various officers and directors of
Investment Management Company and their respective positions with
Investment Management Company. For each named individual, the table lists:
(i) any other organizations (excluding other Investment Management
Company's funds) with which the officer and/or director has recently had or
has substantial involvement; and (ii) positions held with such
organization:
List of Officers and Directors of Putnam Investment Management, Inc.
<TABLE>
<CAPTION>
(as of the end of February 2000)
--------------------------------------------------------------------------------------
Position with
Putnam
Investment
Management,
Name Inc. Other Business Affiliation
--------------------------------------------------------------------------------------
<S> <C> <C>
1 Putnam, George Chairman Director of Putnam Mutual Funds Corp.
--------------------------------------------------------------------------------------
2 Lasser, Lawrence J. President and
Director, CEO
--------------------------------------------------------------------------------------
3 Silver, Gordon H. Director and Director of Putnam Fiduciary Trust
Senior Managing Company and Senior Managing Director
Director of Putnam Mutual Funds Corp.
--------------------------------------------------------------------------------------
4 Collman, Kathleen M. Senior Managing Senior Managing Director of Putnam
Director Mutual Funds Corp.
--------------------------------------------------------------------------------------
5 Ferguson, Ian C. Senior Managing Senior Managing Director of Putnam
Director Mutual Funds Corp.
--------------------------------------------------------------------------------------
6 Oristaglio, Stephen Senior Managing
Director
--------------------------------------------------------------------------------------
7 Regan, Anthony W. Senior Managing
Director
--------------------------------------------------------------------------------------
8 Spiegel, Steven Senior Managing Senior Managing Director of Putnam
Director Mutual Funds Corp.
--------------------------------------------------------------------------------------
9 Anderson, Blake E. Managing Director
--------------------------------------------------------------------------------------
10 Beck, Robert R. Managing Director
--------------------------------------------------------------------------------------
11 Boneparth, John F. Managing Director Managing Director of Putnam Mutual
Funds Corp.
--------------------------------------------------------------------------------------
12 Bresnahan, Leslee R. Managing Director Managing Director of Putnam Mutual
Funds Corp.
--------------------------------------------------------------------------------------
13 Browchuk, Brett C. Managing Director
--------------------------------------------------------------------------------------
14 Cassaro, Joseph A. Managing Director
--------------------------------------------------------------------------------------
15 Cotner, C. Beth Managing Director
--------------------------------------------------------------------------------------
16 Cronin, Kevin M. Managing Director Managing Director of Putnam Fiduciary
Trust Company
--------------------------------------------------------------------------------------
17 D'Alelio, Edward H. Managing Director
--------------------------------------------------------------------------------------
18 Daly, Kenneth L. Managing Director Managing Director of Putnam Mutual
Funds Corp.
--------------------------------------------------------------------------------------
19 DeTore, John A. Managing Director Managing Director of Putnam Fiduciary
Trust Company
--------------------------------------------------------------------------------------
20 Durgarian, Karnig H. Managing Director Director and Managing Director of
Putnam Fiduciary Trust Company
--------------------------------------------------------------------------------------
21 Esteves, Irene M. Managing Director Director of Putnam Fiduciary Trust
and Chief Financial Company
Officer
--------------------------------------------------------------------------------------
22 Gillis, Roland Managing Director
--------------------------------------------------------------------------------------
23 Haslett, Thomas R. Managing Director
--------------------------------------------------------------------------------------
24 Holding, Pamela Managing Director
--------------------------------------------------------------------------------------
25 Hurley, William J. Managing Director Managing Director and CFO of Putnam
Mutual Funds Corp.
--------------------------------------------------------------------------------------
26 Jacobs, Jerome J. Managing Director
--------------------------------------------------------------------------------------
27 Joseph, Joseph P. Managing Director
--------------------------------------------------------------------------------------
28 Kamshad, Omid Managing Director
--------------------------------------------------------------------------------------
29 Kanwal, Amrit Managing Director Managing Director of Putnam Mutual
Funds Corp.
--------------------------------------------------------------------------------------
30 King, David L. Managing Director
--------------------------------------------------------------------------------------
31 Kohli, D. William Managing Director
--------------------------------------------------------------------------------------
32 Kreisel, Anthony I. Managing Director
--------------------------------------------------------------------------------------
33 Kuenstner, Deborah F. Managing Director
--------------------------------------------------------------------------------------
34 Landes, William J. Managing Director
--------------------------------------------------------------------------------------
35 Leibovitch, Richard Managing Director
G.
--------------------------------------------------------------------------------------
36 Leichter, Jennifer E. Managing Director
--------------------------------------------------------------------------------------
37 Lohr, Mark G. Managing Director Managing Director of Putnam
Mutual Funds Corp.
--------------------------------------------------------------------------------------
38 Maloney, Kevin J. Managing Director
--------------------------------------------------------------------------------------
39 Martens, Erwin W. Managing Director Managing Director of Putnam Mutual
Funds Corp.
--------------------------------------------------------------------------------------
40 Martino, Michael Managing Director Managing Director of Putnam
Fiduciary Trust Company
--------------------------------------------------------------------------------------
41 Maxwell, Scott M. Managing Director Managing Director of Putnam Mutual
Funds Corp.
--------------------------------------------------------------------------------------
42 McMullen, Carol C. Managing Director
--------------------------------------------------------------------------------------
43 Memani, Krisha K. Managing Director
--------------------------------------------------------------------------------------
44 Miller, Daniel L. Managing Director
--------------------------------------------------------------------------------------
45 Miller, Jeffrey M. Managing Director Managing Director of Putnam Mutual
Funds Corp.
--------------------------------------------------------------------------------------
46 Morgan Jr., John J. Managing Director Managing Director of Putnam
Fiduciary Trust Company
--------------------------------------------------------------------------------------
47 Morgan, Kelly A. Managing Director
--------------------------------------------------------------------------------------
48 Morris, Dirk Managing Director
--------------------------------------------------------------------------------------
49 Murphy, Jennifer P. Managing Director
--------------------------------------------------------------------------------------
50 Nagashima, Tohio Managing Director Managing Director of Putnam Mutual
Funds Corp.
--------------------------------------------------------------------------------------
51 Peacher, Stephen C. Managing Director
--------------------------------------------------------------------------------------
52 Peters, Jeffrey F. Managing Director Managing Director of Putnam Mutual
Funds Corp.
--------------------------------------------------------------------------------------
53 Pollard, Mark D. Managing Director
--------------------------------------------------------------------------------------
54 Porter, Charles E. Managing Director
--------------------------------------------------------------------------------------
55 Price, Quintin I. Managing Director
--------------------------------------------------------------------------------------
56 Reilly, Thomas V. Managing Director
--------------------------------------------------------------------------------------
57 Schultz, Mitchell D. Managing Director Managing Director of Putnam Mutual
Funds Corp.
--------------------------------------------------------------------------------------
58 Scott, Justin M. Managing Director Managing Director of Putnam
Fiduciary Trust Company
--------------------------------------------------------------------------------------
59 Shadek Jr., Edward T. Managing Director
--------------------------------------------------------------------------------------
60 Starr, Loren M. Managing Director Managing Director of Putnam Mutual
Funds Corp.
--------------------------------------------------------------------------------------
61 Swift, Robert Managing Director
--------------------------------------------------------------------------------------
62 Talanian, John C. Managing Director Managing Director of Putnam Mutual
Funds Corp.
--------------------------------------------------------------------------------------
63 Tibbetts, Richard B. Managing Director Managing Director of Putnam Mutual
Funds Corp.
--------------------------------------------------------------------------------------
64 Waldman, David L. Managing Director
--------------------------------------------------------------------------------------
65 Warren, Paul C. Managing Director
--------------------------------------------------------------------------------------
66 Wetlaufer, Eric Managing Director
--------------------------------------------------------------------------------------
67 Woolverton, William Managing Director Managing Director of Putnam Mutual
H. Funds Corp.
--------------------------------------------------------------------------------------
68 Allansmith, Lauren L. Senior Vice
President
--------------------------------------------------------------------------------------
69 Arends, Michael K. Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
70 Asher, Steven E. Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
71 Atkin, Michael J. Senior Vice
President
--------------------------------------------------------------------------------------
72 Augustine, Jeffrey B. Senior Vice
President
--------------------------------------------------------------------------------------
73 Bakshi, Manjit S. Senior Vice
President
--------------------------------------------------------------------------------------
74 Bamford, Dolores Senior Vice
Snyder President
--------------------------------------------------------------------------------------
75 Bent, John J. Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
76 Block, Richard L. Senior Vice
President
--------------------------------------------------------------------------------------
77 Bloemker, Rob A. Senior Vice
President
--------------------------------------------------------------------------------------
78 Boselli, John A. Senior Vice
President
--------------------------------------------------------------------------------------
79 Bousa, Edward P. Senior Vice
President
--------------------------------------------------------------------------------------
80 Bradford Jr., Senior Vice Senior Vice President of Putnam
Linwoood E. President Mutual Funds Corp.
--------------------------------------------------------------------------------------
81 Burke, Andrea Senior Vice
President
--------------------------------------------------------------------------------------
82 Burns, Cheryl A. Senior Vice
President
--------------------------------------------------------------------------------------
83 Byrne, Joshua L. Senior Vice
President
--------------------------------------------------------------------------------------
84 Callahan, Ellen S. Senior Vice
President
--------------------------------------------------------------------------------------
85 Carlson, David G. Senior Vice
President
--------------------------------------------------------------------------------------
86 Chase, Mary Claire Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
87 Chrostowski, Louis F. Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
88 Crane, George H. Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
89 Curran, Peter J. Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
90 Dalferro, John R. Senior Vice
President
--------------------------------------------------------------------------------------
91 Derbyshire, Ralph C. Senior Vice Senior Vice President of Putnam
President Fiduciary Trust Company
--------------------------------------------------------------------------------------
92 Dexter, Stephen P. Senior Vice
President
--------------------------------------------------------------------------------------
93 Divney, Kevin M. Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
94 Eigerman, Nathan W. Senior Vice
President
--------------------------------------------------------------------------------------
95 Elavia, Tony H. Senior Vice
President
--------------------------------------------------------------------------------------
96 England, Richard B. Senior Vice
President
--------------------------------------------------------------------------------------
97 Epke, Laura L. Senior Vice
President
--------------------------------------------------------------------------------------
98 Farrell, Deborah S. Senior Vice
President
--------------------------------------------------------------------------------------
99 Flaherty, Patricia C. Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
100 Fleisher, Peter M. Senior Vice
President
--------------------------------------------------------------------------------------
101 Fontana, Forrest N. Senior Vice
President
--------------------------------------------------------------------------------------
102 Francis, Jonathan H. Senior Vice
President
--------------------------------------------------------------------------------------
103 Frost, Karen T. Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
104 Frucci, Richard M. Senior Vice Senior Vice President of Putnam
President Fiduciary Trust Company
--------------------------------------------------------------------------------------
105 Gorman, Stephen A. Senior Vice
President
--------------------------------------------------------------------------------------
106 Graham, Andrew Senior Vice
President
--------------------------------------------------------------------------------------
107 Grant, Peter J. Senior Vice Senior Vice President of Putnam
President Fiduciary Trust Company
--------------------------------------------------------------------------------------
108 Graviere, Patrice Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
109 Grim, Daniel J. Senior Vice
President
--------------------------------------------------------------------------------------
110 Haagensen, Paul E. Senior Vice
President
--------------------------------------------------------------------------------------
111 Hadas, Edward Senior Vice
President
--------------------------------------------------------------------------------------
112 Hadden, Peter J. Senior Vice
President
--------------------------------------------------------------------------------------
113 Halperin, Matthew C. Senior Vice
President
--------------------------------------------------------------------------------------
114 Hamlin, David E. Senior Vice
President
--------------------------------------------------------------------------------------
115 Harring, Linda Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
116 Hart, Nigel P. Senior Vice
President
--------------------------------------------------------------------------------------
117 Healey, Deborah R. Senior Vice
President
--------------------------------------------------------------------------------------
118 Horwitz, Jonathan S. Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
119 Hotchkiss, Michael F. Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
120 Kaufman, Jeffrey Senior Vice
President
--------------------------------------------------------------------------------------
121 Kay, Karen R. Senior Vice Clerk, Director and Senior Vice
President President of Putnam Fiduciary Trust
Company
--------------------------------------------------------------------------------------
122 Kirson, Steven L. Senior Vice
President
--------------------------------------------------------------------------------------
123 Knight, Jeffrey L. Senior Vice
President
--------------------------------------------------------------------------------------
124 Koontz, Jill A. Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
125 Korn, Karen R. Senior Vice
President
--------------------------------------------------------------------------------------
126 Kurey, Thomas J. Senior Vice
President
--------------------------------------------------------------------------------------
127 Lannum III, Coleman Senior Vice
N. President
--------------------------------------------------------------------------------------
128 Lindsey, Jeffrey R. Senior Vice
President
--------------------------------------------------------------------------------------
129 Lode, Geirulv Senior Vice
President
--------------------------------------------------------------------------------------
130 Lomba, Rufino R. Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
131 MacElwee, Jones, Senior Vice
Elizabeth M. President
--------------------------------------------------------------------------------------
132 Madore, Robert A. Senior Vice Senior Vice President of Putnam
President Fiduciary Trust Company
--------------------------------------------------------------------------------------
133 Malloy, Julie M. Senior Vice
President
--------------------------------------------------------------------------------------
134 Manuel Jr., Richard Senior Vice
D. President
--------------------------------------------------------------------------------------
135 Marrkand, Paul E. Senior Vice
President
--------------------------------------------------------------------------------------
136 Marshall, William L. Senior Vice
President
--------------------------------------------------------------------------------------
137 Matteis, Andrew S. Senior Vice
President
--------------------------------------------------------------------------------------
138 McDonald, Richard E. Senior Vice
President
--------------------------------------------------------------------------------------
139 Meehan, Thalia Senior Vice
President
--------------------------------------------------------------------------------------
140 Mehta, Sandeep Senior Vice
President
--------------------------------------------------------------------------------------
141 Mockard, Jeanne L. Senior Vice
President
--------------------------------------------------------------------------------------
142 Mufson, Michael J. Senior Vice
President
--------------------------------------------------------------------------------------
143 Mullen, Donald E. Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
144 Mullin, Hugh H. Senior Vice
President
--------------------------------------------------------------------------------------
145 Murphy, Kevin F. Senior Vice
President
--------------------------------------------------------------------------------------
146 Netols, Jeffrey W. Senior Vice Senior Vice President of Putnam
President Fiduciary Trust Company
--------------------------------------------------------------------------------------
147 Oler, Stephen S. Senior Vice
President
--------------------------------------------------------------------------------------
148 Paine, Robert M. Senior Vice
President
--------------------------------------------------------------------------------------
149 Parker, Margery C. Senior Vice
President
--------------------------------------------------------------------------------------
150 Parr, Cynthia O. Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
151 Perry, William Senior Vice
President
--------------------------------------------------------------------------------------
152 Peters, Carmel Senior Vice
President
--------------------------------------------------------------------------------------
153 Petralia, Randolph S. Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
154 Plapinger, Keith Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
155 Pohl, Charles G. Senior Vice
President
--------------------------------------------------------------------------------------
156 Prusko, James M. Senior Vice Senior Vice President of Putnam
President Fiduciary Trust Company
--------------------------------------------------------------------------------------
157 Puddle, David G. Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
158 Quistberg, Paul T. Senior Vice
President
--------------------------------------------------------------------------------------
159 Rogers, Kevin J. Senior Vice
President
--------------------------------------------------------------------------------------
160 Ruys de Perez, Senior Vice Senior Vice President of Putnam
Charles A. President Fiduciary Trust Company
--------------------------------------------------------------------------------------
161 Sai,Yumiko Senior Vice
President
--------------------------------------------------------------------------------------
162 Santos, David J. Senior Vice Senior Vice President of Putnam
President Fiduciary Trust Company
--------------------------------------------------------------------------------------
163 Santosus, Anthony C. Senior Vice
President
--------------------------------------------------------------------------------------
164 Schwister, Jay E. Senior Vice Senior Vice President of Putnam
President Fiduciary Trust Company
--------------------------------------------------------------------------------------
165 Scordato, Christine Senior Vice Senior Vice President of Putnam
A. President Mutual Funds Corp.
--------------------------------------------------------------------------------------
166 Selden, Denise D. Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
167 Sievert, Jean I. Senior Vice
President
--------------------------------------------------------------------------------------
168 Simon, Sheldon N. Senior Vice
President
--------------------------------------------------------------------------------------
169 Simozar, Saied Senior Vice
President
--------------------------------------------------------------------------------------
170 Smith Jr., Leo J. Senior Vice
President
--------------------------------------------------------------------------------------
171 Smith, Margaret D. Senior Vice
President
--------------------------------------------------------------------------------------
172 Spatz, Erin J. Senior Vice
President
--------------------------------------------------------------------------------------
173 Spiers, John Graham Senior Vice
President
--------------------------------------------------------------------------------------
174 Stack, Michael P. Senior Vice
President
--------------------------------------------------------------------------------------
175 Stairs, George W. Senior Vice
President
--------------------------------------------------------------------------------------
176 Strumpf, Casey Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
177 Sugimoto, Toshifumi Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
178 Sullivan, Roger R. Senior Vice
President
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179 Sullivan, William J. Senior Vice
President
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180 Suzuki, Toshimi Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
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181 Svensson, Lisa H. Senior Vice
President
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182 Swanberg, Charles H. Senior Vice
President
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183 Thomsen, Rosemary H. Senior Vice Senior Vice President of Putnam
President Fiduciary Trust Company
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184 Troped Blacker, Senior Vice Senior Vice President of Putnam
Bonnie L. President Mutual Funds Corp.
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185 Verani, John R. Senior Vice Senior Vice President of Putnam
President Fiduciary Trust Company
--------------------------------------------------------------------------------------
186 Walsh, Francis P. Senior Vice
President
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187 Weinstein, Michael R. Senior Vice
President
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188 Weiss, Manuel Senior Vice
President
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189 Whalen, Edward F. Senior Vice Senior Vice President of Putnam
President Mutual Funds Corp.
--------------------------------------------------------------------------------------
190 Wyke, Richard P. Senior Vice
President
--------------------------------------------------------------------------------------
191 Yogg, Michael R. Senior Vice
President
--------------------------------------------------------------------------------------
</TABLE>
(4) Summary of Business Lines and Business Operation
Investment Management Company is engaged in the business of providing
investment management and investment advisory services to mutual funds. As
of the end of February 2000, Investment Management Company managed,
advised, and/or administered the following 116 funds and fund portfolios
(having an aggregate net asset value of approximately $305.75 billion):
End of Feb. 2000 NAV chart
(5) Miscellaneous
During the six months preceding the filing of this report, there has not
been, nor is there currently any litigation that has had or is expected by
Investment Management Company to have, a material adverse effect on the Fund.
III. OUTLINE OF THE FINANCIAL STATUS OF THE FUND
PricewaterhouseCoopers LLP in the U.S.A. is responsible for this part.
Translation of unaudited semi-annual accounts will be attached to the
Japanese version of the Semi-annual Report.
IV. OUTLINE OF THE FINANCIAL STATUS OF THE INVESTMENT MANAGEMENT COMPANY
PricewaterhouseCoopers LLP in the U.S.A. is responsible for this part.
Translation of unaudited semi-annual accounts will be attached to the
Japanese version of the Semi-annual Report.
AMENDMENT TO SECURITIES REGISTRATION STATEMENT
(For NAV Sale)
PUTNAM EUROPE GROWTH FUND
AMENDMENT TO SECURITIES REGISTRATION STATEMENT
(For NAV Sale)
<TABLE>
<CAPTION>
To: Director of Kanto Local Finance Bureau
<S> <C>
Filing Date: March 31, 2000
Filing Date of Amendment:
April 30, 2000
Name of the Registrant Trust: PUTNAM EUROPE GROWTH
Name and Official Title of Representative Charles E. Porter
Of Trustees: Executive Vice President
Address of Principal Office: One Post Office Square
Boston, Massachusetts 02109
U. S. A.
Name and Title of Registration Agent: Harume Nakano
Attorney-at-Law
Signature [Harume Nakano]
------------------------
(Seal)
Ken Miura
Attorney-at-Law
Signature [Ken Miura]
--------------------
(Seal)
Address or Place of Business Kasumigaseki Building, 25th Floor
2-5, Kasumigaseki 3-chome
Chiyoda-ku, Tokyo
Name of Liaison Contact: Harume Nakano
Ken Miura
Attorneys-at-Law
Place of Liaison Contact: Hamada & Matsumoto
Kasumigaseki Building, 25th Floor
2-5, Kasumigaseki 3-chome
Chiyoda-ku, Tokyo
Phone Number: 03-3580-3377
Public Offering or Sale for Registration
Name of the Fund Making Public PUTNAM EUROPE GROWTH FUND
Offering or Sale of Foreign
Investment Fund Securities:
Type and Aggregate Amount of Up to 50 million Class M Shares
Foreign Investment Fund Securities Up to the total amount obtained by
to be Publicly Offered or Sold: aggregating the respective net asset
value per Class M Share in respect
of 50 million Class M Shares (The maximum
amount expected to be sold is 1,127
million U.S. dollars (approximately
[YEN] 123.9 billion)).
Note 1: U.S.$ amount is translated into Japanese Yen at the rate of U.S.$l.00 = [YEN]
109.90 the mean of the exchange rate quotations by The Bank of
Tokyo-Mitsubishi, Ltd. for buying and selling spot dollars by telegraphic
transfer against yen on February 29, 2000.
Note 2: The maximum amount expected to be sold is, for convenience, an amount
calculated by multiplying the net asset value per Class M Share as of
October 29, 1999 (U.S.$22.54) by 50 million Class M Shares.
</TABLE>
Places where a copy of this Amendment to Securities Registration
Statement is available for Public Inspection
Not applicable.
(Total number of pages of this Amendment to Securities Registration
Statement is 5 including front and back pages.)
I. Reason For Filing This Amendment To Securities Registration Statement:
This statement purports to amend and update the relevant information of the
Securities Registration Statement ("Original SRS") filed on December 17,
1999 due to the fact that the aforementioned Semi-annual Report was filed
today.
The exchange rates used in this statement to translate the amended amounts
of foreign currencies are different from those used before these
amendments, as the latest exchange rates are used in this statement.
II. Contents of the Amendments:
Part II. INFORMATION ON THE ISSUER (page 5 of the Original SRS)
The following matters in the Original SRS are amended to have the same
contents as those provided in the following items of the aforementioned
Semi-annual Report:
<TABLE>
<CAPTION>
Before amendment After amendment
[Original SRS] [Aforementioned Semi-annual Report]
<S> <C>
I. Description of the Fund I. I. Status of Investment Portfolio
of the Fund
5. Status of Investment Portfolio
(A) Diversification of Investment Portfolio (1) Diversification of Investment
Portfolio (the aforementioned
Semi-annual Report, page 1)
(B) Results of Past Operations (2) Results of Past Operations
(1) Record of Changes in Net Assets a Record of Changes in Net Assets
Class M Shares) Class M Shares) (Ditto, page 2)
(Regarding the amounts as at the end of each (Regarding the amounts as at
month during one-year period from, and the end of each month during
including, the latest relevant date prior one-year period from, and
to the filing date of the Original SRS) including, the latest relevant
date prior to the filing date
of the aforementioned Semi-
annual Report)
(2) Record of Distributions Paid (Class M b Record of Distributions Paid
Shares) (Class M Shares) (Ditto, page 2)
(Regarding the dividends paid at the end (Regarding the dividends paid
of each month up to the latest relevant date at the end of each month up to
of the Original SRS) the latest relevant date of the
aforementioned Semi-annual
Report)
II. Outline of the Fund II. Outline of the Fund
1. Fund 1. Fund
(E) Amount of Capital Stock (1) Amount of Capital Stock (Ditto,
page 4)
(G) Information Concerning Major Shareholders (2) Information Concerning Major
Shareholders (Ditto, page 4)
(H) Information Concerning Directors, (3) Information Concerning
Officers and Employees Directors, Officers and
Employees (Ditto, page 4)
(I) Description of Business and Outline of (4) Description of Business
Operation and Outline of Operation
(Ditto, page 7)
2. Putnam Investment Management, Inc. 2. Putnam Investment Management,
(Investment Management Company) Inc. (Investment Management
Company)
(E) Amount of Capital Stock (1) Amount of Capital Stock
(Ditto, page 8)
(G) Information Concerning Major Stockholders (2) Information Concerning Major
Stockholders (Ditto, page 8)
(H) Information Concerning Officers and Employees (3) Information Concerning Officers
and Employees (Ditto, page 8)
(I) Summary of Business Lines and Business (4) Summary of Business Lines
Operation and Business Operation
(Ditto, page 20)
</TABLE>
With respect to Section IV the Financial Condition of the Fund in the
Original SRS, Item III Outline of the Financial Status of the Fund in the
aforementioned Semi-annual Report (Ditto, page 32) is added to the Original
SRS.
Part III. SPECIAL INFORMATION (page 13 of the Original SRS)
With respect to Section II the Financial Condition of the Investment
Management Company in the Original SRS, Item IV Outline of the Financial
Status of the Investment Management Company in the aforementioned
Semi-annual Report (Ditto, page 31) is added to the Original SRS.
