53118 6/99
PROSPECTUS SUPPLEMENT
dated June 7, 1999 to:
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PUTNAM GROWTH OPPORTUNITIES FUND (THE "FUND")
Prospectus dated November 30, 1998
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
OFFICER YEAR (AT LEAST 5 YEARS)
C. Beth Cotner 1998 Employed as an
Managing Director investment professional
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
Senior Vice President investment professional
by Putnam Management
since 1994.
David J. Santos 1999 Employed as an
Senior Vice President investment professional
by Putnam Management
since 1986.
