497 1 putmulti1.txt PUTNAM VARIOUS FUNDS STATEMENT OF ADDITIONAL INFOR Statement of Additional Information Supplement dated 74290 7/01 July 1, 2001 to Statements of Additional Information of the Putnam Funds ------------------------------------------------------------------------- The following information is being added to the Compensation table under the "Trustee responsibilities and fees" section in the fund's Statement of Additional Information:
Estimated Pension or Estimated Total Aggregate retirement annual benefits compensation compensation benefits accrued from all from all from the as part of Putnam funds Putnam Trustees/Year fund(1) fund expenses upon retirement(2) funds(3) ----------------------------------------------------------------------------------------- Charles B. Curtis/2001* $100,000 *Mr. Charles Curtis was elected by the Board of Trustees as Trustee effective July 1, 2001. Mr. Hans Estin retired from the Board of Trustees effective June 30, 2001.
------------------------------------------------------------------------ The following disclosure is hereby added under the heading "MANAGEMENT": Charles B. Curtis (61), Trustee. President and Chief Operating Officer, Nuclear Threat Initiative. Member of the Department of Defense's Policy Board, the Council on Foreign Relations, the Electric Power Research Institute Advisory Council, the Board of Directors of the Gas Technology Institute, the University of Chicago Board of Governors for Argonne National Laboratory, the Board of Directors of EG&G Technical Services, Inc. (fossil energy research and development support), and the Environment and Natural Resources Program Steering Committee, John F. Kennedy School of Government, Harvard University. The following under the heading "MANAGEMENT" is hereby deleted: +Hans H. Estin (72), Trustee. Chartered Financial Analyst and Vice Chairman, North American Management Corp. (a registered investment adviser).