54043 7/99
Prospectus Supplement
dated July 19, 1999 to:
- ----------------------------------------------------------------------
Putnam International New Opportunities Fund (the "fund")
Prospectuses dated January 30, 1999
In the section entitled "Who manages the fund?" the second
paragraph is replaced with the following:
The following officers of Putnam Investment Management, Inc.
("Putnam Management") have had primary responsibility for
the dayto-day management of the 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
- --------------------- ------- -------------------------
Robert Swift 1996 Employed by Putnam Management since
Managing Director 1995. Prior to
August, 1995, Mr. Swift
was employed at IAI
International/Hill Samuel
Investment Advisors.
Stephen Dexter 1999 Employed by Putnam Management since
Senior Vice President 1999. Prior to June,
1999, Mr. Dexter was
employed at Scudder
Kemper Inc.
J. Peter Grant 1999 Employed by Putnam Management since
Senior Vice President 1973.
Stephen Oler 1997 Employed by Putnam Management since
Senior Vice President 1997. Prior to
June, 1997, Mr. Oler was
employed at Templeton
Investments and prior to
March, 1996, he
was employed at
Baring Asset
Management Co.
Jack P. Chang 1997 Employed by Putnam Management since
Vice President 1997. Prior to July, 1997, Mr. Chang
was employed at Columbia Management.
