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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 | ||
Registrants 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 funds 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 |
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 registrants 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 registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and
5. The registrants other certifying officer and I have disclosed to each registrants auditors and the audit committee of each registrants 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 registrants 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 registrants 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 registrants 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 registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and
5. The registrants other certifying officer and I have disclosed to each registrants auditors and the audit committee of each registrants 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 registrants 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 registrants 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 |