October 2, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
RE: Putnam Capital Appreciation Fund (Reg. No. 33-49583)
Dear Sir/Madam:
Pursuant to Rule 477 set forth, we request Withdrawal of Post-
Effective Amendment #15 filed on behalf of Putnam Capital
Appreciation Fund because it was filed in error for Putnam
Variable Trust.
Please contact me at 617-292-1536 if you have any questions.
Thank you for your prompt attention to this matter.
Sincerely,
Keli J. Davis
Putnam Investments Inc.
