CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the incorporation by reference in this
Post-Effective Amendment No. 12 to the registration statement on Form
N-1A (File No. 33-35576) ("Registration Statement") of our report dated
August 13, 2001, relating to the financial statements and financial
highlights appearing in the June 30, 2001, Annual Report of Putnam New
Opportunities Fund, which are also incorporated by reference into the
Registration Statement.  We also consent to the references to us under
the headings "Financial highlights" and "Independent Accountants and
Financial Statements" in such Registration Statement.

PricewaterhouseCoopers LLP

/s/ PriceWaterhouseCoopers LLP
Boston, Massachusetts
October 24, 2001