PROSPECTUS SUPPLEMENT
dated November 15, 1999 to: 57001 11/99
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PUTNAM LATIN AMERICA FUND
PUTNAM ASIA PACIFIC FUND II
PUTNAM INTERNATIONAL FUND
Prospectus dated December 30, 1998
In the section entitled "Who manages each fund?" the second
paragraph and related table are replaced with the following:
The following officers of Putnam Management have had primary
responsibility for the day-to-day management of the
indicated fund's portfolio since the years shown below.
Their experience as portfolio managers or investment
analysts over at least the last five years is also shown:
Manager Since Experience
PUTNAM LATIN AMERICA FUND
Thomas R. Haslett 1998 Employed by Putnam Management since 1996.
Managing Director Prior to December 1996, Mr. Haslett was
employed at Montgomery Asset Management. Ltd.
Stephen Oler 1998 Employed by Putnam Management since 1997.
Senior Vice President Prior to June 1997, Mr. Oler was employed at
Templeton Investments, and prior to March
1996, he was employed at Baring Asset Management.
Claudio Brocado 1999 Employed by Putnam Management since 1999.
Vice President Prior to August 1999, Mr. Brocado was engaged
as an independent consultant by Stires,
O'Donnell & Co. Prior to January
1999, he was engaged as an independent
consultant by Coast Partners. Prior to November
1998, he was employed at Dresdner RCM Global
Investors. Prior to October 1997, he was
employed at Valores Finamex.
PUTNAM ASIA PACIFIC FUND II
Carmel Peters 1998 Employed by Putnam Management since 1997.
Senior Vice President Prior to May 1997, Ms. Peters was employed
at Wheelock Natwest Investment Management,
Hong Kong, and prior to February
1996, she was employed at
Rothschild Asset Management Asia
Pacific, Hong Kong.
Paul C. Warren 1999 Employed by Putnam Management since 1997.
Senior Vice President Prior to May 1997, Mr. Warren was employed at
IDS Fund Management, prior to August 1994,
he was employed at Pilgrim Baxter
Associates and prior to March 1994, he was
employed at Prudential Asia.
PUTNAM INTERNATIONAL FUND
Justin Scott 1995 Employed by Putnam Management since 1988.
Managing Director
Omid Kamshad 1999 Employed by Putnam Management since 1996.
Managing Director 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.
Geirluv Lode 1999 Employed by Putnam Management since 1997.
Senior Vice President Prior to July 1997, Mr. Lode was employed at
Chancellor Lgt. Asset Management.
Prior to May 1995, he was employed at Frank
Russell Co.
