PUTNAM GLOBAL GROWTH AND INCOME FUND
Prospectus Supplement dated June 9, 1997
to Prospectus dated December 31, 1996
In the section of the prospectus of the fund entitled "How the
funds are managed" the section of the chart indicating the
officers of Putnam Investment Management, Inc. ("Putnam
Management") that have primary responsibility for the day-to-day
management of the fund's portfolio is replaced with the
following:
Business experience
Year (at least 5 years)
------- -------------------------
Putnam Global Growth
and Income Fund
Hugh H. Mullin 1995 Employed as an investment
Senior Vice President professional by Putnam
Management since 1986.
Justin M. Scott 1995 Employed as an investment
Managing Director professional by Putnam
Management since 1988.
Deborah F. Kuenstner 1997 Employed as an investment
Senior Vice President professional by Putnam
Management since March, 1997.
Prior to March, 1997, Ms.
Kuenstner was the Senior
Portfolio Manager at Dupont
Pension Fund Investment.
34559 6/97
