PUTNAM INTERNATIONAL NEW OPPORTUNITIES FUND
Prospectus Supplement dated June 10, 1996 to
Prospectus for class A shares dated April 1, 1996
The third paragraph under the heading "How the fund is managed"
on page 12 is replaced with the following:
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:
Year Business experience
---- (at least 5 years)
------ --------------------
Justin M. Scott 1995 Employed as an investment
Managing Director professional by Putnam
Management since 1988.
J. Peter Grant 1996 Employed as an investment
Senior Vice President professional by Putnam
Management since 1973.
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