48735 12/98
Prospectus Supplement
dated December 7, 1998 to:
- -----------------------------------------------------------------
- ---------------------------------------------------------
PUTNAM ASIA PACIFIC GROWTH FUND
Prospectus dated January 30 , 1998
The third paragraph under the heading "How the fund is managed"
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
Officer Year (at least 5 years)
- -------------------------- -------------------------
Carmel Peters 1998 Employed as an investment
professional by Putnam
Senior Vice President Management since 1997.
Prior to May, 1997, Ms. Peters was
a Managing Director and CIO of
Wheelock Natwest Investment
Management, Hong Kong, and prior to
February, 1996, Ms. Peters was a
Director and CIO of Rothschild
Asset Management Asia Pacific, Hong
Kong.
David K. Thomas 1991 Employed as an investment
professional by
Senior Vice President Putnam Management since 1987.
Paul C. Warren 1997 Employed as an investment
professional by
Senior Vice President Putnam Management since
1997. Prior to May, 1997, Mr.
Warren was a Director at IDS Fund
Management, and prior to August,
1994 was a Director at Pilgrim
Baxter Associates. Prior to March,
1994, he was a Director at
Prudential Asia.
Putnam Log o
