37576 10/97
Prospectus Supplement
dated October 16, 1997 to:
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Putnam International Voyager Fund
Prospectus dated October 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)
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Justin M. Scott 1995 Employed as an investment
Managing Director professional by Putnam
Management since 1988.
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.
Joshua L. Byrne 1997 Employed as an investment
Vice President professional by Putnam
Management since 1993.
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Effective October 31, 1997, the paragraph under the table in the
section "How to buy shares - Class M shares" is replaced with the
following:
Class M qualified benefit plans (retirement plans for which
Putnam Fiduciary Trust Company or its affiliates provide
recordkeeping or other services in connection with the
purchase of class M shares) and members of qualified groups
may purchase class M shares without a sales charge.
