PROSPECTUS SUPPLEMENT 63275 7/00
dated July 24, 2000 to:
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Putnam Emerging Markets Fund (the "fund")
Prospectus dated December 30, 1999
In the section entitled "Who manages the fund?" the second paragraph is
replaced with the following:
The following officers of Putnam Management have had primary responsibility
for the day-to-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
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Thomas R. Haslett 1997 1996-Present Putnam Management
Managing Director Prior to Dec. 1996 Montgomery Asset
Management Ltd.
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J. Peter Grant 1995 1973-Present Putnam Management
Senior Vice President
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Stephen Oler 1997 1997-Present Putnam Management
Senior Vice President 1996-1997 Templeton Investments
Prior to March 1996 Baring Asset Management Co.
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Carmel Peters 1997 1997-Present Putnam Mangement
Senior Vice President 1996-1997 Wheelock Natwest
Investment Management,
Hong Kong
Prior to Feb. 1996 Rothschild Asset
Management Asia Pacific,
Hong Kong
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Paul C. Warren 1999 1997-Present Putnam Management
Senior Vice President Prior to May 1997 IDS Fund Management
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Claudio Brocado 1999 1999-Present Putnam Management
Vice President Jan. 1999-Aug. 1999 Stires, O'Donnell & Co.
Nov. 1998-Jan 1999 Coast Partners
Oct. 1997-Nov. 1998 Dresdner RCM Global
Investors
Prior to Oct. 1997 Valores Finamex
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