-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CzBzhhOmqmmhaxOLpqsps4VcbEV3Kvc90GYvQysfxQDSzu+8tXtNrtEoW2Xkue4y Sb1KSw0BoufuvTfBlQGBkQ== 0000928816-06-000639.txt : 20060526 0000928816-06-000639.hdr.sgml : 20060526 20060526142308 ACCESSION NUMBER: 0000928816-06-000639 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060331 FILED AS OF DATE: 20060526 DATE AS OF CHANGE: 20060526 EFFECTIVENESS DATE: 20060526 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM NEW OPPORTUNITIES FUND CENTRAL INDEX KEY: 0000865177 IRS NUMBER: 043091455 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-06128 FILM NUMBER: 06870145 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: A6 ZIP: 02109 BUSINESS PHONE: 6172921000 0000865177 S000006295 PUTNAM NEW OPPORTUNITIES FUND C000017306 Class A Shares PNOPX C000017307 Class B Shares PNOBX C000017308 Class C Shares PNOCX C000017309 Class M Shares PNOMX C000017310 Class R Shares PNORX C000017311 Class Y Shares PNOYX N-Q 1 a_newopps.htm PUTNAM NEW OPPORTUNITIES FUND

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY

Investment Company Act file number: (811- 06128 )

Exact name of registrant as specified in charter: Putnam New Opportunities Fund

Address of principal executive offices: One Post Office Square, Boston, Massachusetts 02109

Name and address of agent for service:  Beth S. Mazor, Vice President 
  One Post Office Square 
  Boston, Massachusetts 02109 
 
Copy to:  John W. Gerstmayr, Esq. 
  Ropes & Gray LLP 
  One International Place 
  Boston, Massachusetts 02110 
 
Registrant’s telephone number, including area code:  (617) 292-1000 

Date of fiscal year end: June 30, 2006

Date of reporting period: March 31, 2006

Item 1. Schedule of Investments:


Putnam New Opportunities Fund     

The fund's portfolio     
3/31/06 (Unaudited)     

COMMON STOCKS (99.5%)(a)
 
   
  Shares  Value 
 
Advertising and Marketing Services (--%)     
Interpublic Group of Cos., Inc. (The) (NON)  10,541  $100,772 

 
Aerospace and Defense (4.3%)     
Boeing Co. (The)  1,207,300  94,084,889 
L-3 Communications Holdings, Inc.  315,100  27,032,429 
Lockheed Martin Corp.  611,700  45,957,021 
Precision Castparts Corp.  360,900  21,437,460 
Raytheon Co.  1,000,200  45,849,168 
Rockwell Collins, Inc.  403,900  22,759,765 
    257,120,732 

 
Airlines (0.6%)     
Southwest Airlines Co.  1,931,673  34,750,797 

 
Automotive (0.5%)     
Oshkosh Truck Corp.  438,300  27,279,792 

 
Banking (1.5%)     
Commerce Bancorp, Inc.  517,700  18,973,705 
UnionBanCal Corp.  314,600  22,072,336 
Washington Mutual, Inc.  787,583  33,566,787 
Zions Bancorp.  207,800  17,191,294 
    91,804,122 

 
Beverage (2.3%)     
Pepsi Bottling Group, Inc. (The)  495,100  15,046,089 
PepsiCo, Inc.  2,150,400  124,271,616 
    139,317,705 

 
Biotechnology (3.3%)     
Affymetrix, Inc. (NON)  330,600  10,886,658 
Amgen, Inc. (NON)  1,025,300  74,590,575 
Biogen Idec, Inc. (NON)  605,500  28,519,050 
Celgene Corp. (NON)  477,300  21,106,206 
Genzyme Corp. (NON)  758,700  50,999,814 
Invitrogen Corp. (NON)  178,800  12,539,244 
    198,641,547 

 
Broadcasting (0.5%)     
XM Satellite Radio Holdings, Inc. Class A (NON)  1,212,120  26,993,912 

 
Building Materials (0.6%)     
Sherwin-Williams Co. (The)  386,100  19,088,784 
USG Corp. (NON)  195,000  18,517,200 
    37,605,984 

 
Commercial and Consumer Services (2.4%)     
Administaff, Inc.  605,600  32,920,416 
Corporate Executive Board Co. (The)  800,700  80,790,630 
Monster Worldwide, Inc. (NON)  466,000  23,234,760 
Robert Half International, Inc.  228,900  8,837,829 
    145,783,635 

 
Communications Equipment (1.0%)     
Comtech Telecommunications Corp. (NON)  419,300  12,230,981 
Harris Corp.  646,600  30,577,714 
Nokia OYJ ADR (Finland)  717,900  14,874,888 
    57,683,583 

 
Computers (7.2%)     
Anixter International, Inc.  249,200  11,906,776 
Apple Computer, Inc. (NON)  1,485,400  93,164,288 
Cisco Systems, Inc. (NON)  6,537,900  141,676,293 
EMC Corp. (NON)  1,885,100  25,693,913 
Emulex Corp. (NON)  1,291,300  22,068,317 
Intergraph Corp. (NON)  597,300  24,883,518 
j2 Global Communications, Inc. (NON)  531,600  24,985,200 
Network Appliance, Inc. (NON)  1,224,400  44,115,132 
Palm, Inc. (NON)  936,200  21,682,392 
Western Digital Corp. (NON)  962,800  18,707,204 


    428,883,033 

 
Conglomerates (0.3%)     
Danaher Corp.  258,300  16,414,965 

 
Consumer Cyclicals (2.1%)     
Black & Decker Manufacturing Co.  1,003,900  87,228,871 
Harman International Industries, Inc.  316,100  35,128,193 
    122,357,064 

 
Consumer Finance (1.3%)     
Accredited Home Lenders Holding Co. (NON)  335,000  17,145,300 
Capital One Financial Corp.  427,900  34,454,508 
Countrywide Financial Corp.  704,300  25,847,810 
    77,447,618 

 
Consumer Goods (0.8%)     
Colgate-Palmolive Co.  419,400  23,947,740 
Newell Rubbermaid, Inc.  887,900  22,366,201 
    46,313,941 

 
Consumer Services (1.7%)     
Alliance Data Systems Corp. (NON)  1,291,100  60,384,747 
Ceridian Corp. (NON)  984,000  25,042,800 
Labor Ready, Inc. (NON)  646,700  15,488,465 
    100,916,012 

 
Electrical Equipment (0.5%)     
WESCO International, Inc. (NON)  434,600  29,557,146 

 
Electronics (4.2%)     
Arrow Electronics, Inc. (NON)  709,300  22,889,111 
Avnet, Inc. (NON)  555,700  14,103,666 
Freescale Semiconductor, Inc. Class A (NON)  877,700  24,408,837 
Intel Corp.  1,676,500  32,440,275 
Komag, Inc. (NON)  464,547  22,112,437 
Microchip Technology, Inc.  282,500  10,254,750 
Motorola, Inc.  858,900  19,677,399 
National Semiconductor Corp.  399,600  11,124,864 
NVIDIA Corp. (NON)  141,500  8,102,290 
SanDisk Corp. (NON)  184,200  10,595,184 
Silicon Laboratories, Inc. (NON)  567,188  31,166,981 
Texas Instruments, Inc.  1,401,800  45,516,446 
    252,392,240 

 
Energy (3.3%)     
BJ Services Co.  783,000  27,091,800 
Cooper Cameron Corp. (NON)  2,063,800  90,972,304 
Helix Energy Solutions Group, Inc. (NON)  745,800  28,265,820 
Pride International, Inc. (NON)  683,800  21,320,884 
Superior Energy Services (NON)  627,900  16,821,441 
Unit Corp. (NON)  253,600  14,138,200 
    198,610,449 

 
Engineering & Construction (0.3%)     
Jacobs Engineering Group, Inc. (NON)  229,300  19,889,482 

 
Entertainment (0.3%)     
Dreamworks Animation SKG, Inc. Class A (NON)  750,700  19,856,015 

 
Environmental (0.2%)     
Clean Harbors, Inc. (NON)  419,300  12,440,631 

 
Financial (1.9%)     
American Express Co.  315,000  16,553,250 
Chicago Mercantile Exchange Holdings, Inc. (The)  31,800  14,230,500 
Moody's Corp.  1,177,800  84,165,588 
    114,949,338 

 
Forest Products and Packaging (0.2%)     
Crown Holdings, Inc. (NON)  765,000  13,571,100 

 
Health Care Services (6.3%)     
AmerisourceBergen Corp.  528,300  25,501,041 
Caremark Rx, Inc. (NON)  546,000  26,852,280 
Express Scripts, Inc. (NON)  506,700  44,538,930 
Hologic, Inc. (NON)  483,100  26,739,585 
McKesson Corp.  1,163,400  60,648,042 
Pediatrix Medical Group, Inc. (NON)  250,400  25,701,056 


Pharmaceutical Product Development, Inc.  687,100  23,780,531 
Sierra Health Services, Inc. (NON)  803,800  32,714,660 
UnitedHealth Group, Inc.  601,800  33,616,548 
WellPoint, Inc. (NON)  969,100  75,037,413 
    375,130,086 

 
Homebuilding (0.8%)     
NVR, Inc. (NON)  63,600  46,997,220 

 
Household Furniture and Appliances (0.4%)     
Select Comfort Corp. (NON)  664,100  26,265,155 

 
Insurance (1.7%)     
Everest Re Group, Ltd. (Barbados)  124,200  11,596,554 
Selective Insurance Group  294,800  15,624,400 
W.R. Berkley Corp.  902,800  52,416,568 
Zenith National Insurance Corp.  471,350  22,686,076 
    102,323,598 

 
Investment Banking/Brokerage (3.5%)     
Bear Stearns Cos., Inc. (The)  462,400  64,134,880 
Calamos Asset Management, Inc. Class A  594,100  22,219,340 
Goldman Sachs Group, Inc. (The)  244,800  38,423,808 
Lazard, Ltd. Class A (Bermuda)  656,000  29,028,000 
Legg Mason, Inc.  112,700  14,124,691 
Lehman Brothers Holdings, Inc.  286,700  41,436,751 
    209,367,470 

 
Leisure (0.6%)     
Harley-Davidson, Inc.  662,800  34,386,064 

 
Lodging/Tourism (0.4%)     
Choice Hotels International, Inc.  534,700  24,478,566 

 
Machinery (1.3%)     
Cummins, Inc.  228,500  24,015,350 
JLG Industries, Inc.  512,200  15,770,638 
Parker-Hannifin Corp.  237,100  19,112,631 
Timken Co.  650,000  20,975,500 
    79,874,119 

 
Manufacturing (0.4%)     
Mettler-Toledo International, Inc. (Switzerland) (NON)  433,000  26,127,220 

 
Medical Technology (6.4%)     
Becton, Dickinson and Co.  790,100  48,654,358 
C.R. Bard, Inc.  686,300  46,538,003 
Charles River Laboratories International, Inc. (NON)  303,000  14,853,060 
Dade Behring Holdings, Inc.  518,300  18,508,493 
Kinetic Concepts, Inc. (NON)  945,400  38,922,118 
Medtronic, Inc.  770,700  39,113,025 
Millipore Corp. (NON)  279,500  20,420,270 
Respironics, Inc. (NON)  754,000  29,338,140 
St. Jude Medical, Inc. (NON)  1,528,100  62,652,100 
Techne Corp. (NON)  242,800  14,601,992 
Varian Medical Systems, Inc. (NON)  644,600  36,200,736 
Waters Corp. (NON)  294,100  12,690,415 
    382,492,710 

 
Metals (2.6%)     
Century Aluminum Co. (NON)  252,300  10,710,135 
Freeport-McMoRan Copper & Gold, Inc. Class B  854,800  51,091,396 
Phelps Dodge Corp.  852,200  68,627,666 
Steel Dynamics, Inc.  406,300  23,049,399 
    153,478,596 

 
Oil & Gas (3.8%)     
Burlington Resources, Inc.  425,500  39,107,705 
Exxon Mobil Corp.  464,800  28,287,728 
Frontier Oil Corp.  1,445,800  85,808,230 
KCS Energy, Inc. (NON)  588,100  15,290,600 
Noble Energy, Inc.  363,300  15,956,136 
Sunoco, Inc.  10,931  847,918 
Tesoro Petroleum Corp.  401,300  27,424,842 
Valero Energy Corp.  209,400  12,517,932 
    225,241,091 

 
Pharmaceuticals (4.4%)     
Allergan, Inc.  518,100  56,213,850 
Barr Pharmaceuticals, Inc. (NON)  1,212,150  76,341,207 
Cephalon, Inc. (NON)  398,500  24,009,625 


Endo Pharmaceuticals Holdings, Inc. (NON)  750,800  24,633,748 
Johnson & Johnson  1,201,200  71,135,064 
Mylan Laboratories, Inc.  515,900  12,072,060 
    264,405,554 

 
Publishing (1.0%)     
McGraw-Hill Cos., Inc. (The)  648,400  37,360,808 
R. H. Donnelley Corp. (NON)  433,700  25,254,351 
    62,615,159 

 
Railroads (0.7%)     
Canadian National Railway Co. (Canada)  736,600  33,353,248 

 
Real Estate (0.7%)     
Brookfield Homes Corp.  182,100  9,443,706 
CB Richard Ellis Group, Inc. Class A (NON)  386,000  31,150,200 
    40,593,906 

 
Restaurants (0.6%)     
Darden Restaurants, Inc.  605,300  24,835,459 
Panera Bread Co. (NON)  133,800  10,059,084 
    34,894,543 

 
Retail (8.2%)     
American Eagle Outfitters, Inc.  2,069,200  61,786,312 
Barnes & Noble, Inc.  463,600  21,441,500 
Best Buy Co., Inc.  954,901  53,407,613 
Claire's Stores, Inc.  1,680,171  61,007,009 
Coldwater Creek, Inc. (NON)  25  695 
Dollar Tree Stores, Inc. (NON)  500,000  13,835,000 
Guess ?, Inc. (NON)  508,400  19,883,524 
Home Depot, Inc. (The)  2,346,700  99,265,410 
Lowe's Cos., Inc.  854,800  55,083,312 
Pantry, Inc. (The) (NON)  402,200  25,093,258 
Staples, Inc.  3,155,350  80,524,532 
    491,328,165 

 
Semiconductor (1.2%)     
Lam Research Corp. (NON)  1,085,400  46,672,200 
Photronics, Inc. (NON)  1,206,800  22,639,568 
    69,311,768 

 
Software (7.6%)     
Adobe Systems, Inc. (NON)  1,792,400  62,590,608 
Amdocs, Ltd. (Guernsey) (NON)  342,800  12,361,368 
Autodesk, Inc. (NON)  478,700  18,439,524 
BMC Software, Inc. (NON)  554,100  12,001,806 
Citrix Systems, Inc. (NON)  1,505,800  57,069,820 
McAfee, Inc. (NON)  1,231,000  29,950,230 
Microsoft Corp. (SEG)  7,157,300  194,750,133 
MicroStrategy, Inc. (NON)  278,200  29,291,678 
Symantec Corp. (NON)  2,227,600  37,490,508 
    453,945,675 

 
Technology Services (2.6%)     
Accenture, Ltd. Class A (Bermuda)  1,445,200  43,457,164 
Fair Isaac Corp.  406,700  16,113,454 
Global Payments, Inc.  544,400  28,858,644 
Google, Inc. Class A (NON)  166,500  64,935,000 
    153,364,262 

 
Telecommunications (0.4%)     
Brightpoint, Inc. (NON)  786,550  24,430,243 

 
Textiles (1.8%)     
NIKE, Inc. Class B  929,700  79,117,470 
Phillips-Van Heusen Corp.  687,700  26,277,017 
    105,394,487 

 
Tire & Rubber (0.4%)     
Goodyear Tire & Rubber Co. (The) (NON)  1,467,300  21,246,504 

 
Tobacco (0.4%)     
Reynolds American, Inc.  244,500  25,794,750 

 
Total common stocks (cost $4,938,251,446)    $5,937,521,774 
 
SHORT-TERM INVESTMENTS (1.2%)(a) (cost $72,809,042)     


  Shares  Value 
Putnam Prime Money Market Fund (e)  72,809,042  $72,809,042 

 
TOTAL INVESTMENTS     
Total investments (cost $5,011,060,488) (b)    $6,010,330,816 


FUTURES CONTRACTS OUTSTANDING at 3/31/06 (Unaudited)         
        Unrealized 
  Number of    Expiration  appreciation/ 
  contracts  Value  date  (depreciation) 
NASDAQ 100 Index Mini (Long)  79  $2,717,600  Jun-06  $632 
Russell 2000 Index Mini (Long)  14  1,080,520  Jun-06  4,312 
S&P 500 Index (Long)  36  11,729,700  Jun-06  (90,817) 

Total        $(85,873) 


NOTES

(a) Percentages indicated are based on net assets of $5,967,802,289.

(b) The aggregate identified cost on a tax basis is $5,032,085,443, resulting in gross unrealized appreciation and depreciation of $1,094,681,273 and $116,435,900, respectively, or net unrealized appreciation of $978,245,373.

(NON)  Non-income-producing security. 
 
(SEG)  A portion of this security was pledged and segregated with the custodian to cover margin requirements for futures contracts at March 31, 2006. 
   

(e) Pursuant to an exemptive order from the Securities and Exchange Commission, the fund invests in Putnam Prime Money Market Fund, an open-end management investment company managed by Putnam Investment Management, LLC ("Putnam Management"), the fund's manager, an indirect wholly-owned subsidiary of Putnam, LLC. Management fees paid by the fund are reduced by an amount equal to the management and administrative fees paid by Putnam Prime Money Market Fund with respect to assets invested by the fund in Putnam Prime Money Market Fund. Income distributions earned by the fund totaled $1,522,236 for the period ended March 31, 2006. During the period ended March 31, 2006, cost of purchases and cost of sales of investments in Putnam Prime Money Market Fund aggregated $839,381,647 and $788,655,801, respectively.

At March 31, 2006, liquid assets totaling $15,490,214 have been designated as collateral for open futures contracts.

ADR after the name of a foreign holding stands for American Depository Receipts, represents ownership of foreign securities on deposit with a custodian bank.

Security valuation Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets. If no sales are reported -- as in the case of some securities traded over-the-counter -- a security is valued at its last reported bid price. Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange and therefore the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the close of the New York Stock Exchange. Accordingly, on certain days, the fund will fair value equity foreign securities taking into account multiple factors, including movements in the U.S. securities markets. The number of days on which fair value prices will be used will depend on market activity and it is possible that fair value prices will be used by the fund to a significant extent.

Securities quoted in foreign currencies, if any, are translated into U.S. dollars at the current exchange rate.

Other investments, including certain restricted securities, are valued at fair value following procedures approved by the Trustees. Such valuations and procedures are reviewed periodically by the Trustees.

Futures and options contracts The fund may use futures and options contracts to hedge against changes in the values of securities the fund owns or expects to purchase, or for other investment purposes. The fund may also write options on swaps or securities it owns or in which it may invest to increase its current returns.

The potential risk to the fund is that the change in value of futures and options contracts may not correspond to the change in value of the hedged instruments. In addition, losses may arise from changes in the value of the underlying instruments, if there is an illiquid secondary market for the contracts, or if the counterparty to the contract is unable to perform. Risks may exceed amounts recognized on the statement of assets and liabilities. When the contract is closed, the fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. Realized gains and losses on purchased options are included in realized gains and losses on investment securities. If a written call option is exercised, the premium originally received is recorded as an addition to sales proceeds. If a written put option is exercised, the premium originally received is recorded as a reduction to cost of investments.

Futures contracts are valued at the quoted daily settlement prices established by the exchange on which they trade. The fund and the broker agree to exchange an amount of cash equal to the daily fluctuation in the value of the futures contract. Such receipts or payments are known as “variation margin.” Exchange traded options are valued at the last sale price, or if no sales are reported, the last bid price for purchased options and the last ask price for written options. Options traded over-the-counter are valued using prices supplied by dealers. Futures and written option contracts outstanding at period end, if any, are listed after the fund’s portfolio.

For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com


Item 2. Controls and Procedures:

(a) The registrant's principal executive officer and principal financial officer have concluded, based on their evaluation of the effectiveness of the design and operation of the registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the design and operation of such procedures are generally effective to provide reasonable assurance that information required to be disclosed by the registrant in this report is recorded, processed, summarized and reported within the time periods specified in the Commission's rules and forms.

(b) Changes in internal control over financial reporting: Not applicable

Item 3. Exhibits:

Separate certifications for the principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended, are filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Putnam New Opportunities Fund

By (Signature and Title):


/s/ Michael T. Healy

Michael T. Healy
Principal Accounting Officer
Date: May 26, 2006

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title):

/s/ Charles E. Porter

Charles E. Porter
Principal Executive Officer
Date: May 26, 2006

By (Signature and Title):


/s/ Steven D. Krichmar

Steven D. Krichmar
Principal Financial Officer
Date: May 26, 2006


EX-99.CERT 2 b_exnn.htm EX-99.CERT e_852_exnn.htm

Certifications

I, Charles E. Porter, the Principal Executive Officer of the funds listed on Attachment A, certify that:

1. I have reviewed each report on Form N-Q of the funds listed on Attachment A:

2. Based on my knowledge, each report does not contain any untrue statements of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by each report;

3. Based on my knowledge, the schedules of investments included in each report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrants and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which each report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, 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;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed to each registrant’s auditors and the audit committee of each registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect each registrant’s ability to record, process, summarize, and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in each registrant’s internal control over financial reporting.

/s/ Charles E. Porter
_____________________________
Date: May 25, 2006
Charles E. Porter
Principal Executive Officer


Certifications

I, Steven D. Krichmar, the Principal Financial Officer of the funds listed on Attachment A, certify that:

1. I have reviewed each report on Form N-Q of the funds listed on Attachment A:

2. Based on my knowledge, each report does not contain any untrue statements of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by each report;

3. Based on my knowledge, the schedules of investments included in each report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrants and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which each report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, 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;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed to each registrant’s auditors and the audit committee of each registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect each registrant’s ability to record, process, summarize, and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in each registrant’s internal control over financial reporting.

/s/ Steven D. Krichmar
_______________________________
Date: May 25, 2006
Steven D. Krichmar
Principal Financial Officer


Attachment A
NQ
Period (s) ended March 31, 2006

377  Putnam Discovery Growth Fund 
2PX  Putnam VT American Government Income Fund 
2TP  Putnam VT Capital Appreciation Fund 
23K  Putnam VT Capital Opportunities Fund 
2TJ  Putnam VT Discovery Growth Fund 
961  Putnam VT Diversified Income Fund 
23N  Putnam VT Equity Income Fund 
2IS  Putnam VT The George Putnam Fund of Boston 
070  Putnam VT Global Asset Allocation Fund 
016  Putnam VT Global Equity Fund 
066  Putnam VT Growth and Income Fund 
2PU  Putnam VT Growth Opportunities Fund 
2IW  Putnam VT Health Sciences Fund 
067  Putnam VT High Yield Fund 
068  Putnam VT Income Fund 
2DO  Putnam VT International Equity Fund 
2DP  Putnam VT International New Opportunities Fund 
2IO  Putnam VT Investors Fund 
23H  Putnam VT Mid Cap Value Fund 
069  Putnam VT Money Market Fund 
098  Putnam VT New Opportunities Fund 
2DR  Putnam VT New Value Fund 
2IP  Putnam VT OTC & Emerging Growth Fund 
2LA  Putnam VT Research Fund 
2MJ  Putnam VT Small Cap Value Fund 
152  Putnam VT Utilities Growth and Income Fund 
2DQ  Putnam VT Vista Fund 
065  Putnam VT Voyager Fund 
2DN  Putnam VT International Growth and Income Fund 
841  Putnam International Equity Fund 
2HF  Putnam Small Cap Growth Fund 
2CE  Putnam International Growth & Income Fund 
057  Putnam Europe Equity Fund 
852  Putnam New Opportunities Fund 


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