CONSENT OF INDEPENDENT ACCOUNTANTS
The Board of Trustee and Shareholders
The Putnam Emerging Markets Fund and Putnam International Fund:
We consent to the use of our reports dated October 6, 2000 and October
5, 2000, respectively incorporated in this Registration Statement by
reference, to the Putnam Emerging Markets Fund and Putnam International
Fund and to the references to our firm under the captions "Financial
Highlights" in the prospectuses and "Independent Accountants and
Financial Statements" in the Statements of Additional Information.
KPMG LLP
Boston, Massachusetts
December 26, 2000
