Putnam Investments 

100 Federal Street 

Boston, MA 02110 

January 10, 2020 

VIA EDGAR 

DeCarlo McLaren 

U.S. Securities and Exchange Commission 

Division of Investment Management 

100 F Street, NE 

Washington, DC 20549 

RE:	Putnam Focused Equity Fund (the “Fund”), a series of Putnam Funds Trust
	(Investment Company Act File No. 811-07513)—Registration Statement on Form N-14

Dear Mr. McLaren:

Enclosed for filing on behalf of the Fund is a registration statement on Form N-14 (the “Registration Statement”). The Registration Statement relates to the mergers of Putnam Capital Spectrum Fund and Putnam Equity Spectrum Fund into the Fund.

No registration fee is being paid at the time of filing because the Fund has previously filed an election, under Rule 24f-2 under the Investment Company Act of 1940, as amended, to register an indefinite number of shares of the Fund.

The Registration Statement is proposed to become effective on February 10, 2020 pursuant to Rule 488 under the Securities Act of 1933, as amended.

I may be reached at 1-617-760-2577 to discuss this matter further. Thank you in advance for your assistance.

Very truly yours, 

/s/ Venice Monagan 

Venice Monagan 

Enclosure

cc:	Bryan Chegwidden, Esquire, Ropes & Gray LLP
	James Thomas, Esquire, Ropes & Gray LLP
	Peter Fariel, Esquire, Putnam Investments