Putnam Investments
One Post Office Square
Boston, MA 02109
July 11, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
RE: Putnam Investment Funds ("the Fund") (Reg. No. 33-56339) (811-7237)
Post-Effective Amendment No. 32 to Registration Statement on Form N-1A
Ladies and Gentlemen:
Pursuant to Rule 497(j) under the Securities Act of 1933, as amended, the
Fund hereby certifies that the form of Prospectus and Statement of
Additional Information for Putnam Small Cap Value Fund that would have been
filed on behalf of the Fund pursuant to Rule 497(c) upon the effectiveness
of Post-Effective Amendment No. 32 to the Fund's Registration Statement on
Form N-1A (the "Amendment") would not have differed from that contained in
the Amendment, which is the most recent amendment to such Registration
Statement and was filed electronically on June 30, 2000.
Comments or questions concerning this certificate may be directed to
Kathleen Moynihan at 1-800-225-2465, ext. 1-1796.
Very truly yours,
Putnam Investment Funds
/s/ Gordon H. Silver
By: ----------------------------
Gordon H. Silver
Vice President
cc: Jennifer Borggaard, Esq., Ropes & Gray
