PUTNAM DIVERSIFIED EQUITY TRUST
Prospectus Supplement dated April 7, 1997
to Prospectus dated June 30, 1996
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)
------- -------------------------
Omid Kamshad 1997 Employed as an investment
Senior Vice President professional by Putnam
Management since 1996. Prior
to January, 1996, Mr. Kamshad
was Director of Investments
at Lombard Odier International
and prior to April, 1995, he
was Director at Baring Asset
Management Company.
David L. King 1994 Employed as an investment
Senior Vice President professional by Putnam
Management since 1983.
Charles H. Swanberg 1994 Employed as an investment
Senior Vice President professional by Putnam
Management since 1984.
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