PROSPECTUS SUPPLEMENT 64002 7/00
dated July 24, 2000 to:
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.
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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 Management
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 2000 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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