EX-99

Putnam Global Equity Fund, April 30, 2005, semiannual report

Because the electronic format for filing Form N-SAR does not
provide adequate space for responding to certain items
correctly, the correct answers are as follows:

53A	For the period ended April 30, 2005, Putnam Management has
assumed $19,768 of legal, shareholder servicing and
communication, audit and Trustee fees incurred by the fund in
connection with certain legal and regulatory matters.

72DD1 		Class A	4,829
		Class B	-
		Class C	-

72DD2		Class M	-
		Class R	0
		Class Y	152

73A1		Class A	0.020
		Class B	-
		Class C	-

73A2		Class M	-
		Class R	0.028
		Class Y	0.041

74U1		Class A	233,042
		Class B	53,823
		Class C	4,085

74U2		Class M	4,240
		Class R	18
		Class Y	3,637

74V1		Class A	8.12
		Class B	7.41
		Class C	7.81

74V2		Class M	7.85
		Class R	8.09
		Class Y	8.36

EX-99

Putnam Global Equity Fund 4/30/05 semiannual report

77e

Note 6
Regulatory matters and litigation

Putnam Management has entered into agreements with the
Securities and Exchange Commission and the Massachusetts
Securities Division settling charges connected with excessive
short-term trading by Putnam employees and, in the case of the
charges brought by the Massachusetts Securities Division, by
participants in some Putnam-administered 401(k) plans.  Pursuant
to these settlement agreements, Putnam Management will pay a
total of $193.5 million in penalties and restitution, with
$153.5 million being paid to shareholders and the funds. The
restitution amount will be allocated to shareholders pursuant to
a plan developed by an independent consultant, with payments to
shareholders currently expected by the end of the summer.

The Securities and Exchange Commissions and Massachusetts
Securities Divisions allegations and related matters also serve
as the general basis for numerous lawsuits, including purported
class action lawsuits filed against Putnam Management and
certain related parties, including certain Putnam funds.  Putnam
Management will bear any costs incurred by Putnam funds in
connection with these lawsuits.  Putnam Management believes that
the likelihood that the pending private lawsuits and purported
class action lawsuits will have a material adverse financial
impact on the fund is remote, and the pending actions are not
likely to materially affect its ability to provide investment
management services to its clients, including the Putnam funds.

On March 23, 2005, Putnam Management entered into a settlement
with the Securities and Exchange Commission resolving its
inquiry into Putnam Managements alleged failure to fully and
effectively disclose a former brokerage allocation practice to
the Board of Trustees and shareholders of the Putnam Funds.
This practice, which Putnam Management ceased as of January 1,
2004, involved allocating a portion of the brokerage on mutual
fund portfolio transactions to certain broker-dealers who sold
shares of Putnam mutual funds.    Under the settlement order,
Putnam Management has paid a civil penalty of $40 million and
disgorgement of $1 to the Securities and Exchange Commission.
These amounts subsequently will be distributed to certain Putnam
funds pursuant to a plan to be approved by the Securities and
Exchange Commission.  As part of the settlement, Putnam
Management neither admitted nor denied any wrongdoing.

Putnam Investments has recorded a charge of $30 million for the
estimated cost that it believes will be necessary to address
issues relating to the calculation of certain amounts paid by
the Putnam mutual funds in previous years. The previous payments
were cost reimbursements by the Putnam funds to Putnam for
transfer agent services relating to defined contribution
operations.  Putnam currently anticipates that any payments made
by Putnam related to this issue will be paid to the Putnam
funds.  Review of this issue is ongoing.

EX-99

Results of November 11, 2004 and January 10, 2005 shareholder meetings
 (Unaudited)

A special meeting of shareholders of the fund was held on
November 11, 2004. At that meeting consideration of certain
proposals was adjourned to a final meeting held on January 10, 2005.

November 11, 2004 meeting
At the meeting, each of the nominees for Trustees was elected,
as follows:

                              Votes         Votes
                                For	 Withheld
Jameson A. Baxter	226,039,751	9,160,412
Charles B. Curtis	226,027,411	9,172,752
Myra R. Drucker		226,010,390	9,189,773
Charles E. Haldeman, Jr.226,128,942	9,071,221
John A. Hill		226,044,393	9,155,770
Ronald J. Jackson	226,105,211	9,094,952
Paul L. Joskow		226,252,380	8,947,783
Elizabeth T. Kennan	225,979,020	9,221,143
John H. Mullin, III	226,015,950	9,184,213
Robert E. Patterson	226,042,294	9,157,869
George Putnam, III	225,816,090	9,384,073
A.J.C. Smith		225,820,158	9,380,005
W. Thomas Stephens	226,039,483	9,160,680
Richard B. Worley	226,245,655	8,954,508


A proposal to amend the funds fundamental investment restriction with
respect to diversification of investments to enhance the funds ability
to invest in registered investment companies such as Putnam
Prime Money Market Fund was approved as follows

	     Votes	Votes
		For	Against			Abstentions
	164,804,250	7,847,117		62,548,796


January 10, 2005 meeting

A proposal to amend the funds fundamental investment restriction with
respect to borrowing to allow the fund the investment flexibility
permitted by the Investment Company Act was approved as follows

	     Votes	Votes
		For	Against			Abstentions
	158,776,740	14,725,053		62,817,183

A proposal to amend the funds fundamental investment restriction with
respect to making loans to enhance the funds ability to participate in
an interfund borrowing and lending program was approved as follows

	     Votes	Votes
		For	Against			Abstentions
	160,334,185	13,532,268		62,452,523

A proposal to amend the funds Agreement and Declaration of Trust to
permit the fund to satisfy redemption requests other than in cash was
defeated as follows

	     Votes	Votes
		For	Against			Abstentions
	162,871,428	9,977,030		63,470,518


Mr. Smith resigned from the Board of Trustees on January 14, 2005.
All tabulations are rounded to the nearest whole number.