Putnam Investments 

100 Federal Street 

Boston, MA 02110 

March 2, 2020 

VIA EDGAR 

Patrick Scott, Esquire 

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 (Securities Act File No. 333-
	235893 and Investment Company Act File No. 811-07513)—Pre-Effective Amendment No. 1 to the
	Registration Statement on Form N-14

Dear Mr. Scott:

Enclosed for filing on behalf of the Fund is Pre-Effective Amendment No. 1 to the 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.

By separate correspondence filed on March 2, 2020, the Fund and Putnam Retail Management, Limited Partnership requested acceleration of the effective date of the Registration Statement so that it becomes effective on March 2, 2020, or as soon thereafter as possible.

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