S:\funds\suppleme\b90stix.doc
Prospectus Supplement 41607 3/98
Dated March 9, 1998 to:
Putnam Growth Opportunities Fund
to Prospectus dated November 30, 1997
The third paragraph under the heading "How the fund is managed" 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:
Business experience
Year (at least 5 years)
------ -----------------
Carol C. McMullen 1995 Employed as an investment
Managing Director professional by Putnam
Management since 1995. Prior
to June, 1995, Ms. McMullen
was Senior Vice President and
Senior Portfolio Manager of
Baring Asset Management.
C. Beth Cotner 1998 Employed as an investment
professional
Senior Vice President by Putnam Management since
1995. Prior to September, 1995, Ms. Cotner
was Executive Vice President of Kemper
Financial Services.
Jeffrey R. Lindsey 1996 Employed as an
investment
Senior Vice President professional by Putnam
Management since 1994. Prior to April, 1994,
Mr. Lindsey was Vice President at Strategic
Portfolio Management Inc.
