CONSENT OF INDEPENDENT AUDITORS

The Board of Trustees and Shareholders
Putnam Global Equity Fund:

We consent to the use of our report dated December 3, 2003, incorporated
in this Registration Statement by reference, to the Putnam Global Equity
Fund and to the references to our firm under the captions "Financial
Highlights" in the prospectuses and "INDEPENDENT AUDITORS AND FINANCIAL
STATEMENTS" in the Statement of Additional Information.

                                                     /s/ KPMG LLP
Boston, Massachusetts
March 1, 2004