PUTNAM INTERNATIONAL NEW OPPORTUNITIES FUND
Prospectus Supplement for Ohio investors dated September
1, 1995
to Prospectus dated July 14, 1995
ATTENTION OHIO INVESTORS. The Ohio Administrative Code
requires us to
make the following disclosure: Unlike other mutual funds
registered for sale in Ohio,
which may invest a maximum of 15% of their total assets in
securities of issuers who
together with their predecessors have a record of less than
three years' continuous
operations or in securities of issuers that are restricted as to
disposition, this fund
may invest up to 50% of its total assets in such securities.
The fund, however,
will not invest more than 15% of its assets in securities
restricted as to disposition
unless such securities shall be determined by Putnam Management
to be liquid in
accordance with the procedures established by the Trustees of
the Trust.
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8/95
