497 1 gp1.txt THE GEORGE PUTNAM FUND OF BOSTON Prospectus Supplement dated May 9, 2005 to: 225231 5/05 ------------------------------------------------------------------------------- THE GEORGE PUTNAM FUND OF BOSTON Prospectuses dated November 30, 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 the last five years is shown. The following table also shows the dollar range of shares of the fund owned by these professionals as of September 30, 2004, including investments by their immediate family members and amounts invested through retirement and deferred compensation plans.
----------------------------------------------------------------------------------------------------- Joined Positions Over Dollar Range of Portfolio Leader Fund Employer Past Five Years Fund Shares Owned ----------------------------------------------------------------------------------------------------- Jeanne L. Mockard 2000 Putnam Management Senior Portfolio $10,000-50,000 1985 - Present Manager ----------------------------------------------------------------------------------------------------- Joined Positions Over Dollar Range of Portfolio Members Fund Employer Past Five Years Fund Shares Owned ----------------------------------------------------------------------------------------------------- Michael J. Abata 2005 Putnam Management Portfolio Manager N/A* 1997 - Present Previously, Quantitative Analyst ----------------------------------------------------------------------------------------------------- Kevin M. Cronin 2003 Putnam Management Head of Investments; $50,000-100,000 1997 - Present Chief Investment Officer, Core Fixed Income, Fixed Income Money Market and Tax Exempt Fixed Income Teams ----------------------------------------------------------------------------------------------------- Jeffrey L. Knight 2001 Putnam Management Chief Investment $0 1993 - Present Officer, Global Asset Allocation Team ----------------------------------------------------------------------------------------------------- Raman Srivastava 2004 Putnam Management Portfolio Manager $0 1999 - Present Previously, Portfolio Construction Specialist; Quantitative Analyst ----------------------------------------------------------------------------------------------------- Named Investment Over $100,000 Professionals Total * Joined the fund's management team after September 30, 2004.
PUTNAM INVESTMENTS [SCALE LOGO OMITTED]