497 1 gef1.txt PUTNAM GLOBAL EQUITY FUND Prospectus Supplement 221895 1/05 dated January 13, 2005 to: ----------------------------------------------------------------------------- PUTNAM GLOBAL EQUITY FUND 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 members coordinate the team's management of the fund's portfolio. Their experience as investment professionals over at least the last five years is shown. ----------------------------------------------------------------------------- Portfolio leader Since Experience ----------------------------------------------------------------------------- Shigeki Makino 2004 2000 - Present Putnam Management ----------------------------------------------------------------------------- Prior to Aug. 2000 Fidelity Investments ----------------------------------------------------------------------------- Portfolio members Since Experience ----------------------------------------------------------------------------- Mark A. Bogar 2002 1998 - Present Putnam Management ----------------------------------------------------------------------------- Joshua H. Brooks 2004 2003 - Present Putnam Management ----------------------------------------------------------------------------- Prior to April 2003 Delaware Investments ----------------------------------------------------------------------------- David E. Gerber 2003 1996 - Present Putnam Management ----------------------------------------------------------------------------- Bradford S. Greenleaf 2005 2004 - Present Putnam Management ----------------------------------------------------------------------------- Prior to Oct. 2003 Independence Investments -----------------------------------------------------------------------------