497 1 pic1.txt PUTNAM INTERNATIONAL CORE FUND PROSPECTUS SUPPLEMENT 75739 9/01 dated September 14, 2001 to: Putnam International Core Fund (the "fund") Prospectus dated May 30, 2001 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 ------------------------------------------------------------------------------- Joseph P. Joseph 2000 1994 - Present Putnam Management Managing Director ------------------------------------------------------------------------------- Andrew Graham Senior Vice President 2000 1999 - Present Putnam Management Prior to Oct. Scottish Widows 1999 Investment Management Prior to Feb. Zurich Investment 1998 Management ------------------------------------------------------------------------------- Fabrice Bay Senior Vice President 2001 2001 - Present Putnam Management Prior to April Deutsche Bank 2001 Equities A.G. Prior to June Lobard Odier 1999 International Portfolio Management -------------------------------------------------------------------------------