EX-99

PricewaterhouseCoope
rs LLP
125 High Street
Boston, MA 02110-
1707
Telephone (617) 530
5000
Facsimile (617) 530
5001
www.pwc.com

Report of Independent Registered Public Accounting Firm

To the Trustees and Shareholders of Putnam Multi-Cap Growth Fund
(formerly known as Putnam New Opportunities Fund):


In planning and performing our audit of the financial statements
of Putnam Multi-Cap Growth Fund (formerly known as Putnam New
Opportunities Fund) (the Fund) as of and for the year ended June
30, 2010, in accordance with the standards of the Public Company
Accounting Oversight Board (United States), we considered the
Funds internal control over financial reporting, including
controls over safeguarding securities, as a basis for designing
our auditing procedures for the purpose of expressing our opinion
on the financial statements and to comply with the requirements
of Form N-SAR, but not for the purpose of expressing an opinion
on the effectiveness of the Funds internal control over financial
reporting.  Accordingly, we do not express an opinion on the
effectiveness of the Funds internal control over financial
reporting.

The management of the Fund is responsible for establishing and
maintaining effective internal control over financial reporting.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of controls.  A funds internal control over
financial reporting is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and
the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles.  A
funds internal control over financial reporting includes those
policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect
the transactions and dispositions of the assets of the company;
(2) provide reasonable assurance that transactions are recorded
as necessary to permit preparation of financial statements in
accordance with generally accepted accounting principles, and
that receipts and expenditures of the fund are being made only in
accordance with authorizations of management and trustees of the
company; and (3)  provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use
or disposition of a funds assets that could have a material
effect on the financial statements.

Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree
of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists
when the design or operation of a control does not allow
management or employees, in the normal course of performing their
assigned functions, to prevent or detect misstatements on a
timely basis.  A material weakness is a deficiency, or a
combination of deficiencies, in internal control over financial
reporting, such that there is a reasonable possibility that a
material misstatement of the Funds annual or interim financial
statements will not be prevented or detected on a timely basis.

Our consideration of the Funds internal control over financial
reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies in
internal control over financial reporting that might be material
weaknesses under standards established by the Public Company
Accounting Oversight Board (United States).  However, we noted no
deficiencies in the

Funds internal control over financial reporting and its
operation, including controls over safeguarding securities, that
we consider to be material weaknesses as defined above as of June
30, 2010.

This report is intended solely for the information and use of
management and the Board of Trustees of Putnam Multi-Cap Growth
Fund (formerly known as Putnam New Opportunities Fund) and the
Securities and Exchange Commission and is not intended to be and
should not be used by anyone other than these specified parties.




/s/ PricewaterhouseCoopers LLP
August 9, 2010






2

2

EX-99

852 Putnam New Opportunities Fund attachment
6/30/10 Annual

Because the electronic format for filing Form NSAR does not
provide adequate space for responding to certain items correctly,
the correct answers are as follows:

72DD1 (000s omitted)

Class A		2,629
Class B		0
Class C		0

72DD2 (000s omitted)

Class M		0
Class R		0
Class Y		912

73A1

Class A		0.052
Class B		0.000
Class C		0.000

73A2

Class M		0.000
Class R		0.000
Class Y		0.144

74U1 (000s omitted)

Class A		46,813
Class B		3,260
Class C		781

74U2 (000s omitted)

Class M		1,032
Class R		79
Class Y		2,698

74V1

Class A		39.22
Class B		34.05
Class C		36.13

74V2

Class M		36.02
Class R		38.57
Class Y		40.93


Item 61

Additional Information About Minimum Required Investment

Shareholders can open a fund account with as little as $500 and
make subsequent investments in any amount. The minimum investment
is waived if you make regular investments weekly, semi monthly,
or monthly through automatic deductions through your bank
checking or savings account. Currently, Putnam is waiving the
minimum, but reserves the right to reject initial investments
under the minimum.

Item 85B

Additional Information About Errors and Omissions Policy

While no claims with respect to the Registrant/Series were filed
under such policy during the period, requests under such policy
for reimbursement of legal expenses and costs arising out of
claims of market timing activity in the Putnam Funds have been
submitted by the investment manager of the Registrant/Series.

EX-99

Shareholder meeting results (Unaudited)

January 15, 2010 meeting

At the meeting, each of the nominees for Trustees was elected, as
follows:

      				Votes for 	Votes withheld

Ravi Akhoury 			40,115,907 	2,103,942
Jameson A. Baxter 		40,132,491 	2,087,358
Charles B. Curtis 		40,114,346 	2,105,503
Robert J. Darretta 		40,128,336 	2,091,513
Myra R. Drucker 		40,126,073 	2,093,776
John A. Hill 			40,106,073 	2,113,776
Paul L. Joskow 			40,150,445 	2,069,404
Elizabeth T. Kennan* 		40,083,276 	2,136,573
Kenneth R. Leibler 		40,149,303 	2,070,546
Robert E. Patterson 		40,142,716 	2,077,133
George Putnam, III 		40,105,276	2,114,573
Robert L. Reynolds 		40,160,759 	2,059,090
W. Thomas Stephens 		40,133,332 	2,086,517
Richard B. Worley 		40,134,178 	2,085,671

* Dr. Kennan retired from the Board of Trustees of the Putnam
funds effective June 30, 2010.

A proposal to approve a new management contract between the fund
and Putnam Management with both Fund Family breakpoints and
performance fees was approved as follows:

Votes for	Votes against	Abstentions	Broker non votes

28,775,950 	5,460,219 	1,179,767 	6,803,913

A proposal to approve a new management contract between the fund
and Putnam Management with Fund Family breakpoints only was
approved as follows:

Votes for 	Votes against 	Abstentions 	Broker non votes

32,320,945 	1,785,745 	1,309,245 	6,803,914

A proposal to approve a new management contract between the fund
and Putnam Management with performance fees only was approved as
follows:

Votes for 	Votes against 	Abstentions 	Broker non votes

28,757,699 	5,398,824 	1,259,414 	6,803,912

A proposal to amend the fundamental investment restriction with
respect to diversification of investments was approved as
follows:

Votes for 	Votes against 	Abstentions 	Broker non votes

29,175,319 	5,043,847 	1,196,770 	6,803,913

A proposal to amend the fundamental investment restriction with
respect to borrowing was approved as follows:

Votes for 	Votes against 	Abstentions 	Broker non votes

28,323,083 	5,804,103 	1,288,449 	6,804,214

A proposal to amend the fundamental investment restriction with
respect to making loans was approved as follows:

Votes for 	Votes against 	Abstentions	Broker non votes

28,427,528 	5,680,570 	1,307,837 	6,803,914

All tabulations are rounded to the nearest whole number.