497 1 a_georgeofbost.htm THE GEORGE PUTNAM FUND OF BOSTON a_georgeofbost.htm
Prospectus Supplement    dated December 
31, 2007     

The George Putnam Fund of Boston Prospectus dated  11/30/07   

The table of Total Annual Fund Operating Expenses in the Fund summary – Costs associated with your investment section is revised as follows:

Total Annual Fund Operating Expenses (expenses that are deducted from fund assets)

The table below shows the fund’s annual operating expenses for the fiscal year ended July 31, 2007 (except as otherwise indicated).

         
   
    Management    Distribution    Other  Acquired Fund    Total Annual Fund 
  Fee  (12b-1) Fees  Expenses    Operating  Operating Expenses 
        Expenses ****   
Class A  0.49%  0.25%  0.22%  0.02%  0.98% 
Class B  0.49%  1.00%  0.22%  0.02%  1.73% 
Class C  0.49%  1.00%  0.22%  0.02%  1.73% 
Class M  0.49%  0.75%  0.22%  0.02%  1.48% 
Class R  0.49%  0.50%  0.22%  0.02%  1.23% 
Class Y  0.49%  N/A  0.22%  0.02%  0.73% 

**** Estimate of expenses attributable to the fund’s investments during the fund’s fiscal year ended July 31, 2007, and will vary based on the fund’s investments from time to time, in certain other investment companies that the fund bears indirectly, based on the total annual fund operating expenses of such companies as reported in their most recent shareholder reports.

The table in Fund summary – How do these fees and expenses look in dollar terms? setting forth the Example: Sales charge plus annual operating expenses on a $10,000 investment over time is revised as follows:

EXAMPLE: Sales charge plus annual operating expenses on a $10,000 investment over time

  1 year  3 years  5 years  10 years 
Class A  $620  $821  $1,038  $1,663 
Class B  $676  $845  $1,139  $1,842* 
Class B (no redemption)  $176  $545  $939  $1,842* 
Class C  $276  $545  $939  $2,041 
Class C (no redemption)  $176  $545  $939  $2,041 
Class M  $471  $778  $1,107  $2,036 
Class R  $125  $390  $676  $1,489 
Class Y  $75  $233  $406  $906 

*Reflects conversion of class B shares to class A shares, which pay lower 12b-1 fees. Conversion occurs eight years after purchase.

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