PUTNAM ASIA PACIFIC GROWTH FUND
Prospectus Supplement dated June 10, 1996 to
Prospectus dated February 1, 1996
The third paragraph under the heading "How the fund is managed"
on page 15 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
stated below:
BUSINESS EXPERIENCE
YEAR (AT LEAST 5 YEARS)
---- -------------------------
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.
David K. Thomas 1991 Employed as an investment
Senior Vice President professional by Putnam Management
since 1987.
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