50146 2/99
PROSPECTUS SUPPLEMENT
dated February 8, 1999 to:
- -----------------------------------------------------------------
PUTNAM INTERNATIONAL GROWTH FUND
Prospectuses dated October 30, 1998
In the section entitled "Who manages the fund?" the second
paragraph is replaced with the following:
The following officers of Putnam Investment Management, Inc.
("Putnam Management") have had 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:
Manager Since Experience
- ---------- ------ ----------------------------
Omid Kamshad 1996 Employed by Putnam
Managing Director Management since 1996.
Prior to January, 1996,
Mr. Kamshad was employed
at Lombard Odier International
and prior to April, 1995, he was
employed at Baring Asset
Management Company.
Justin M. Scott 1991 Employed by Putnam
Managing Director Management since 1988.
Mark D. Pollard 1999 Employed by Putnam Management
Senior Vice President since 1990.
Paul C. Warren 1999 Employed by Putnam Management
Senior Vice President since 1997. Prior to May, 1997, Mr.
Warren was employed at IDS Fund
Management, prior to August, 1994,
he was employed at Pilgrim Baxter
Associates and prior to March, 1994,
he was employed at Prudential Asia.
