Putnam International New Opportunities Fund
Prospectus Supplement dated November 23, 1995
to the Prospectus dated July 14, 1995
The sales charge table in the section "HOW TO BUY SHARES" on page 20 of the
prospectus is replaced by the following:
Sales charge
as a percentage of: Amount of sales
---------------------- charge reallowed
Net to dealers
Amount of transaction amount Offering as a percentage of
at offering price($) invested price offering price*
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Less than 50,000 6.10% 5.75% 5.00%
50,000 but less than 100,000 4.71 4.50 3.75
100,000 but less than 250,000 3.63 3.50 2.75
250,000 but less than 500,000 2.56 2.50 2.00
500,000 but less than 1,000,000 2.04 2.00 1.75
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*At the discretion of Putnam Mutual Funds, however, the entire sales charge may
at times be reallowed to dealers. The Staff of the Securities and Exchange
Commission has indicated that dealers who receive more than 90% of the sales
charge may be considered underwriters.
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