208858  /03
Prospectus Supplement

dated  November 20, 2003 to Prospectuses of Putnam Europe Equity Fund,
Putnam Global Equity Fund, Putnam Global Income Trust, Putnam Global
Natural Resources Fund, Putnam International Capital Opportunities Fund,
Putnam International Equity Fund, Putnam International Growth and Income
Fund, and Putnam International New Opportunities Fund (the "funds")

This document provides important information about redemption fees and
supplements the Prospectuses of each of the funds effective December 1,
2003.

The following replaces the second paragraph in the section entitled "How
do I sell fund shares?":

The fund imposes a redemption fee of 1.00% of the total redemption
amount (calculated at market value) if you sell or exchange your shares
after holding them for less than 90 days. In the case of defined
contribution plans administered by Putnam, the fee applies to exchanges
of shares purchased by exchange after December 1, 2003 that are held in
a plan participant's account for less than 90 days.  The redemption fee
is paid directly to the fund, and is designed to offset brokerage
commissions, market impact, and other costs associated with short-term
trading. The redemption fee will not apply in certain circumstances,
such as redemptions to pay distributions or loans from defined
contribution plans administered by Putnam, redemptions of shares
purchased directly with contributions by a plan participant or sponsor
or loan repayment.  The redemption fee will not apply to redemptions
from certain omnibus accounts, or in the event of shareholder death or
post-purchase disability.  For purposes of determining whether the
redemption fee applies, the shares that were held the longest will be
redeemed first.  Administrators, trustees or sponsors of retirement
plans may also impose redemption fees.  Please see the SAI for details.

The section entitled "How do I exchange fund shares?" is supplemented as
follows:

The exchange privilege is not intended as a vehicle for short-term
trading. Excessive exchange activity may interfere with portfolio
management and have an adverse effect on all shareholders. In order to
limit excessive exchange activity and otherwise to promote the best
interests of the fund, the fund imposes a redemption fee of 1.00% of the
total exchange amount (calculated at market value) on exchanges of
shares held less than 90 days. In the case of defined contribution plans
administered by Putnam, the fee applies to exchanges of shares purchased
after December 1, 2003 by exchange that are held in a plan participant's
account for less than 90 days.  Administrators, trustees or sponsors of
retirement plans may also impose redemption fees.

The fund also reserves the right to revise or terminate the exchange
privilege, limit the amount or number of exchanges or reject any
exchange. The fund into which you would like to exchange may also reject
your exchange. These actions may apply to all shareholders or only to
those shareholders whose exchanges Putnam Management determines are
likely to have a negative effect on the fund or other Putnam funds.
Consult Putnam Investor Services before requesting an exchange.