497 1 gp1.txt THE GEORGE PUTNAM FUND OF BOSTON Prospectus Supplement 208595 10/03 dated October 30, 2003 to: THE GEORGE PUTNAM FUND OF BOSTON Prospectuses dated November 30, 2002 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 ------------------------------------------------------------------------------- Jeanne L. Mockard 2000 1985 - Present Putnam Management ------------------------------------------------------------------------------- Portfolio member Since Experience ------------------------------------------------------------------------------- Jeffrey L. Knight 2002 1993 - Present Putnam Management -------------------------------------------------------------------------------