497 1 pc1.txt PUTNAM CONVERTIBLE INCOME-GROWTH TRUST Prospectus Supplement 220195 11/04 dated November 17, 2004 to: ------------------------------------------------------------------------------- PUTNAM CONVERTIBLE INCOME-GROWTH TRUST Prospectuses dated February 29, 2004 The third paragraph and table under the heading "Who manages the fund?" are replaced with the following: The following team member coordinates the team's management of the fund's portfolio. His experience as an investment professional over at least the last five years is shown. ------------------------------------------------------------------------------- Portfolio leader Since Experience ------------------------------------------------------------------------------- David L. King 2002 1983 - Present Putnam Management -------------------------------------------------------------------------------