International Growth Fund

Merger Attachment




Acquisition of Putnam Asia Pacific Growth
and Putnam Emerging Growth Funds

On August 16, 2002, the fund issued 5,214,191, 3,870,317,
138,961, and 202,045 of class A, class B, class C and class M
shares to acquire Putnam Asia Pacific Fund and Putnam Emerging
Markets Fund net assets in a tax-free exchange approved by the
shareholders.  The net assets of the fund, Putnam Asia Pacific
Fund and Putnam Emerging Markets Fund on August 16, 2002, valuation
date, were $10,713,632,846, $160,983,391 and $78,061,315, respectively.
On August 16, 2002, Putnam Asia Pacific Fund and Putnam Emerging Markets
Fund had unrealized appreciation of $1,405,114 and $10,106,846,
respectively.

The aggregate net assets of the fund immediately following
the acquisition were $10,952,677,552.