CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this Post-Effective
Amendment No. 33 to the registration statement on Form N-1A (File No.
33-56339) ("Registration Statement") of our report dated June 6, 2000,
relating to the financial statements and financial highlights appearing in
the April 30, 2000 Annual Report of Putnam Capital Opportunities Fund, a
series of Putnam Investment Funds, which are also incorporated by reference
into the Registration Statement. We also consent to the references to us
under the headings "Financial highlights" and "Independent Accountants and
Financial Statements" in such Registration Statement.
/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
August 24, 2000
