65872 10/00
Prospectus Supplement
dated October 9, 2000 to:
------------------------------------------------------------------------------
Putnam Global Equity Fund (the "fund")
Prospectus dated June 30, 2000
In the section entitled "Who manages the fund?" the second paragraph is
replaced with the following:
The following officers of 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 1998 1996 - Present Putnam Management
Managing Director Prior to January 1996 Lombard Odier
International
------------------------------------------------------------------------------
Shigeki Makino 2000 2000 - Present Putnam Management
Managing Director Prior to August 2000 Fidelity Investments
------------------------------------------------------------------------------
Justin M. Scott 1998 1988 - Present Putnam Management
Managing Director
------------------------------------------------------------------------------
Paul C. Warren 1998 1997 - Present Putnam Management
Managing Director Prior to May 1997 IDS Fund Management
------------------------------------------------------------------------------
Michael K. Arends 1999 1997 - Present Putnam Management
Senior Vice President Prior to November 1997 Phoenix Duff & Phelps
------------------------------------------------------------------------------
Michael P. Stack 1998 1997 - Present Putnam Management
Senior Vice President Prior to November 1997 Independence Investment
Associates Inc.
------------------------------------------------------------------------------
