<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0101</schemaVersion>

    <submissionType>EFFECT</submissionType>

    <act>33</act>

    <testOrLive>LIVE</testOrLive>

    <effectiveData>
        <finalEffectivenessDispDate>2019-04-03</finalEffectivenessDispDate>
        <finalEffectivenessDispTime>13:30:00</finalEffectivenessDispTime>
        <form>N-14</form>
        <filer>
            <cik>0000868648</cik>
            <entityName>PUTNAM INTERNATIONAL EQUITY FUND</entityName>
            <fileNumber>333-229796</fileNumber>
            <seriesClassContractData>
                <merger>
                    <acquiringCik>0000868648</acquiringCik>
                    <acquiringEntityName>PUTNAM INTERNATIONAL EQUITY FUND</acquiringEntityName>
                    <acquiringSeriesId>S000006181</acquiringSeriesId>
                    <acquiringSeriesName>PUTNAM INTERNATIONAL EQUITY FUND /MA/</acquiringSeriesName>
                    <acquiringClassContractId>C000017024</acquiringClassContractId>
                    <acquiringClassContractName>Class A Shares</acquiringClassContractName>
                    <targetCik>0000842940</targetCik>
                    <targetEntityName>PUTNAM EUROPE EQUITY FUND</targetEntityName>
                    <targetSeriesId>S000005589</targetSeriesId>
                    <targetSeriesName>PUTNAM EUROPE EQUITY FUND</targetSeriesName>
                    <targetClassContractId>C000015250</targetClassContractId>
                    <targetClassContractName>Class A Shares</targetClassContractName>
                </merger>
                <merger>
                    <acquiringCik>0000868648</acquiringCik>
                    <acquiringEntityName>PUTNAM INTERNATIONAL EQUITY FUND</acquiringEntityName>
                    <acquiringSeriesId>S000006181</acquiringSeriesId>
                    <acquiringSeriesName>PUTNAM INTERNATIONAL EQUITY FUND /MA/</acquiringSeriesName>
                    <acquiringClassContractId>C000017025</acquiringClassContractId>
                    <acquiringClassContractName>Class B Shares</acquiringClassContractName>
                    <targetCik>0000842940</targetCik>
                    <targetEntityName>PUTNAM EUROPE EQUITY FUND</targetEntityName>
                    <targetSeriesId>S000005589</targetSeriesId>
                    <targetSeriesName>PUTNAM EUROPE EQUITY FUND</targetSeriesName>
                    <targetClassContractId>C000015251</targetClassContractId>
                    <targetClassContractName>Class B Shares</targetClassContractName>
                </merger>
                <merger>
                    <acquiringCik>0000868648</acquiringCik>
                    <acquiringEntityName>PUTNAM INTERNATIONAL EQUITY FUND</acquiringEntityName>
                    <acquiringSeriesId>S000006181</acquiringSeriesId>
                    <acquiringSeriesName>PUTNAM INTERNATIONAL EQUITY FUND /MA/</acquiringSeriesName>
                    <acquiringClassContractId>C000017026</acquiringClassContractId>
                    <acquiringClassContractName>Class C Shares</acquiringClassContractName>
                    <targetCik>0000842940</targetCik>
                    <targetEntityName>PUTNAM EUROPE EQUITY FUND</targetEntityName>
                    <targetSeriesId>S000005589</targetSeriesId>
                    <targetSeriesName>PUTNAM EUROPE EQUITY FUND</targetSeriesName>
                    <targetClassContractId>C000015248</targetClassContractId>
                    <targetClassContractName>Class C Shares</targetClassContractName>
                </merger>
                <merger>
                    <acquiringCik>0000868648</acquiringCik>
                    <acquiringEntityName>PUTNAM INTERNATIONAL EQUITY FUND</acquiringEntityName>
                    <acquiringSeriesId>S000006181</acquiringSeriesId>
                    <acquiringSeriesName>PUTNAM INTERNATIONAL EQUITY FUND /MA/</acquiringSeriesName>
                    <acquiringClassContractId>C000017027</acquiringClassContractId>
                    <acquiringClassContractName>Class M Shares</acquiringClassContractName>
                    <targetCik>0000842940</targetCik>
                    <targetEntityName>PUTNAM EUROPE EQUITY FUND</targetEntityName>
                    <targetSeriesId>S000005589</targetSeriesId>
                    <targetSeriesName>PUTNAM EUROPE EQUITY FUND</targetSeriesName>
                    <targetClassContractId>C000015252</targetClassContractId>
                    <targetClassContractName>Class M Shares</targetClassContractName>
                </merger>
                <merger>
                    <acquiringCik>0000868648</acquiringCik>
                    <acquiringEntityName>PUTNAM INTERNATIONAL EQUITY FUND</acquiringEntityName>
                    <acquiringSeriesId>S000006181</acquiringSeriesId>
                    <acquiringSeriesName>PUTNAM INTERNATIONAL EQUITY FUND /MA/</acquiringSeriesName>
                    <acquiringClassContractId>C000017028</acquiringClassContractId>
                    <acquiringClassContractName>Class R Shares</acquiringClassContractName>
                    <targetCik>0000842940</targetCik>
                    <targetEntityName>PUTNAM EUROPE EQUITY FUND</targetEntityName>
                    <targetSeriesId>S000005589</targetSeriesId>
                    <targetSeriesName>PUTNAM EUROPE EQUITY FUND</targetSeriesName>
                    <targetClassContractId>C000015253</targetClassContractId>
                    <targetClassContractName>Class R Shares</targetClassContractName>
                </merger>
                <merger>
                    <acquiringCik>0000868648</acquiringCik>
                    <acquiringEntityName>PUTNAM INTERNATIONAL EQUITY FUND</acquiringEntityName>
                    <acquiringSeriesId>S000006181</acquiringSeriesId>
                    <acquiringSeriesName>PUTNAM INTERNATIONAL EQUITY FUND /MA/</acquiringSeriesName>
                    <acquiringClassContractId>C000017029</acquiringClassContractId>
                    <acquiringClassContractName>Class Y Shares</acquiringClassContractName>
                    <targetCik>0000842940</targetCik>
                    <targetEntityName>PUTNAM EUROPE EQUITY FUND</targetEntityName>
                    <targetSeriesId>S000005589</targetSeriesId>
                    <targetSeriesName>PUTNAM EUROPE EQUITY FUND</targetSeriesName>
                    <targetClassContractId>C000015249</targetClassContractId>
                    <targetClassContractName>Class Y Shares</targetClassContractName>
                </merger>
                <merger>
                    <acquiringCik>0000868648</acquiringCik>
                    <acquiringEntityName>PUTNAM INTERNATIONAL EQUITY FUND</acquiringEntityName>
                    <acquiringSeriesId>S000006181</acquiringSeriesId>
                    <acquiringSeriesName>PUTNAM INTERNATIONAL EQUITY FUND /MA/</acquiringSeriesName>
                    <acquiringClassContractId>C000118016</acquiringClassContractId>
                    <acquiringClassContractName>Class R6</acquiringClassContractName>
                    <targetCik>0000842940</targetCik>
                    <targetEntityName>PUTNAM EUROPE EQUITY FUND</targetEntityName>
                    <targetSeriesId>S000005589</targetSeriesId>
                    <targetSeriesName>PUTNAM EUROPE EQUITY FUND</targetSeriesName>
                    <targetClassContractId>C000202800</targetClassContractId>
                    <targetClassContractName>Class R6 Shares</targetClassContractName>
                </merger>
            </seriesClassContractData>
        </filer>
    </effectiveData>
</edgarSubmission>
