EX-99

77L Accounting Pronouncements for Putnam Global Equity Fund as
of October 31, 2006 annual shareholder report

In June 2006, the Financial Accounting Standards Board (FASB)
issued Interpretation No. 48, Accounting for Uncertainty in
Income Taxes (the Interpretation).  The Interpretation
prescribes a minimum threshold for financial statement
recognition of the benefit of a tax position taken or expected
to be taken by a filer in the filers tax return.  The
Interpretation will become effective for fiscal years beginning
after December 15, 2006 but will also apply to tax positions
reflected in the funds financial statements as of that date. No
determination has been made whether the adoption of the
Interpretation will require the fund to make any adjustments to
its net assets or have any other effect on the funds financial
statements.

In September 2006, the FASB issued Statement of Financial
Accounting Standards No. 157, Fair Value Measurements (the
Standard).  The Standard defines fair value, sets out a
framework for measuring fair value and requires additional
disclosures about fair value measurements.  The Standard applies
to fair value measurements already required or permitted by
existing standards.  The Standard is effective for financial
statements issued for fiscal years beginning after November 15,
2007 and interim periods within those fiscal years. Putnam
Management is currently evaluating what impact the adoption of
the Standard will have on the funds financial statements.

EX-99

Report of Independent Registered Public Accounting Firm

The Board of Trustees and Shareholders
Putnam Global Equity Fund

In planning and performing our audit of the financial statements
of Putnam Global Equity Fund (the Fund) as of and for the year
ended October 31, 2006, in accordance with the standards of the
Public Company Accounting Oversight Board (United States), we
considered its internal control over financial reporting,
including control activities for safeguarding securities, as a
basis for designing our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply
with the requirements of Form N-SAR, but not for the purpose of
expressing an opinion on the effectiveness of the Funds internal
control over financial reporting. Accordingly, we express no such
opinion.

The management of the Fund is responsible for establishing and
maintaining effective internal control over financial reporting.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of controls. A companys internal control over
financial reporting is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and
the preparation of financial statements for external purposes in
accordance with U.S. generally accepted accounting principles.
Such internal control includes policies and procedures that
provide reasonable assurance regarding prevention or timely
detection of unauthorized acquisition, use or disposition of a
companys assets that could have a material effect on the
financial statements.

Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree
of compliance with the policies or procedures may deteriorate.

A control deficiency exists when the design or operation of a
control does not allow management or employees, in the normal
course of performing their assigned functions, to prevent or
detect misstatements on a timely basis. A significant deficiency
is a control deficiency, or combination of control deficiencies,
that adversely affects the companys ability to initiate,
authorize, record, process or report external financial data
reliably in accordance with U.S. generally accepted accounting
principles such that there is more than a remote likelihood that
a misstatement of the companys annual or interim financial
statements that is more than inconsequential will not be
prevented or detected. A material weakness is a significant
deficiency, or combination of significant deficiencies, that
results in more than a remote likelihood that a material
misstatement of the annual or interim financial statements will
not be prevented or detected.

Our consideration of the Funds internal control over financial
reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies in
internal control that might be significant deficiencies or
material weaknesses under standards established by the Public
Company Accounting Oversight Board (United States). However, we
noted no deficiencies in the Funds internal control over
financial reporting and its operation, including controls for
safeguarding securities, that we consider to be a material
weakness as defined above as of October 31, 2006.

This report is intended solely for the information and use of
management and the Board of Trustees of Putnam Global Equity
Fund, and the Securities and Exchange Commission and is not
intended to be and should not be used by anyone other than these
specified parties.

							/s/ KPMG LLP

Boston, Massachusetts
December 8, 2006

EX-99

77E Regulatory matters and litigation for Putnam Global Equity
Fund as of October 31, 2006 annual shareholder report

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 certain open end funds and their
shareholders. The amount will be allocated to shareholders and
funds pursuant to a plan developed by an independent consultant,
and will be paid following approval of the plan by the SEC and
the Massachusetts Securities Division.

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.

Pursuant to a settlement with the Securities and Exchange
Commission relating to Putnam Managements brokerage allocation
practices, on October 13, 2005 the fund received $1,820,560 in
proceeds paid by Putnam Management.

In connection with a settlement between Putnam and the funds
Trustees, in September 2006, the fund received $1,086,165 from
Putnam to address issues relating to the calculation of certain
amounts paid by the Putnam mutual funds to Putnam for transfer
agent services. This amount is included in Fees waived and
reimbursed by Manager or affiliate on the Statement of
operations.

Putnam Management and Putnam Retail Management are named as
defendants in a civil suit in which the plaintiffs allege that
the management and distribution fees paid by certain Putnam
funds were excessive and seek recovery under the Investment
Company Act of 1940.  Putnam Management and Putnam Retail
Management have contested the plaintiffs claims and the matter
is currently pending in the U.S. District Court for the District
of Massachusetts.  Based on currently available information,
Putnam Management believes that this action is without merit and
that it is unlikely to have a material effect on Putnam
Managements and Putnam Retail Managements ability to provide
services to their clients, including the fund.

EX-99

Putnam Global Equity Fund, as of 10/31/06, annual shareholder
report

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

53A	For the year ended October 31, 2006, Putnam Management
has assumed $27,794 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 15,885
		Class B 171
		Class C 25

72DD2		Class M 106
		Class R 2
		Class Y 254

73A1		Class A 0.075
		Class B 0.004
		Class C 0.007

74A2		Class M 0.029
		Class R 0.067
		Class Y 0.098

74U1		Class A 156,634
		Class B 30,652
		Class C 3,108

74U2		Class M 3,005
		Class R 108
		Class Y 2,432

74V1		Class A 10.64
		Class B 9.67
		Class C 10.19

74V2		Class M 10.25
		Class R 10.57
		Class Y 10.97


61 Additional Information About Minimum Required Investment

Shareholders can open a fund account with as little as $500 and
make subsequent investments in any amount. The minimum
investment is waived if you make regular investments weekly,
semi monthly, or monthly through automatic deductions through
your bank checking or savings account. Currently, Putnam is
waiving the minimum, but reserves the right to reject initial
investments under the minimum.

85B Additional Information About Errors and Omissions Policy

While no claims with respect to the Registrant/Series were filed
under such policy during the period, requests under such policy
for reimbursement of legal expenses and costs arising out of
claims of market timing activity in the Putnam Funds have been
submitted by the investment manager of the Registrant/Series.