CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this Post-Effective
Amendment No. 11 to the registration statement on Form N-1A (File No.
33-25658) ("Registration Statement") of our report dated August 10, 2000,
relating to the financial statements and financial highlights appearing in
the June 30, 2000 Annual Report of Putnam Europe Growth Fund, which are also
incorporated by reference into the Registration Statement. We also consent
to the references to us under the headings "Financial highlights" and
"Independent Accountants and Financial Statements" in such Registration
Statement.
/s/PricewaterhouseCoopers LLP
Boston, Massachusetts
October 25, 2000
