CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the incorporation by reference in this
Post-Effective Amendment No. 50 to the registration statement on Form
N-1A (File No. 811-7513 and 333-515) ("Registration Statement") of our
reports dated August 8, 2002 and August 9, 2002, relating to the
financial statements and financial highlights appearing in the June 30,
2002 Annuals Reports of Putnam International Growth and Income Fund and
Putnam Small Cap Growth Fund, each a series of Putnam Funds Trust, 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.

PricewaterhouseCoopers LLP

/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
October 24, 2002