Mutual Funds Putnam Investments Why Putnam Investments?		Putnam Investments is a global money management firm with more than 60 years of investment experience. Fund Facts and Performance: Click to select a fund AMT-Free Insured Municipal Fund American Government Income Fund Arizona Tax Exempt Income Fund Asset Allocation: Balanced Portfolio Asset Allocation: Conservative Portfolio Asset Allocation: Growth Portfolio California Tax Exempt Income Fund Capital Appreciation Fund Capital Opportunities Fund Classic Equity Fund Convertible Income-Growth Trust Discovery Growth Fund Diversified Income Trust Equity Income Fund Europe Equity Fund Fund for Growth and Income George Putnam Fund of Boston Global Equity Fund Global Income Trust Global Natural Resources Fund Growth Opportunities Fund Health Sciences Trust High Yield Advantage Fund High Yield Trust Income Fund International Capital Opportunities Fund International Equity Fund International Growth and Income Fund International New Opportunities Fund Investors Fund Limited Duration Government Income Fund Massachusetts Tax Exempt Income Fund Michigan Tax Exempt Income Fund Minnesota Tax Exempt Income Fund Money Market Fund New Jersey Tax Exempt Income Fund New Opportunities Fund New Value Fund New York Tax Exempt Income Fund OTC & Emerging Growth Fund Ohio Tax Exempt Income Fund Pennsylvania Tax Exempt Income Fund Research Fund Small Cap Growth Fund Small Cap Value Fund Tax Exempt Income Fund Tax-Free High Yield Fund U.S. Government Income Trust Utilities Growth and Income Fund Vista Fund Voyager Fund Daily Fund Prices (NAV): Click to select a fund AMT-Free Insured Municipal Fund American Government Income Fund Arizona Tax Exempt Income Fund Asset Allocation: Balanced Portfolio Asset Allocation: Conservative Portfolio Asset Allocation: Growth Portfolio California Tax Exempt Income Fund Capital Appreciation Fund Capital Opportunities Fund Classic Equity Fund Convertible Income-Growth Trust Discovery Growth Fund Diversified Income Trust Equity Income Fund Europe Equity Fund Fund for Growth and Income George Putnam Fund of Boston Global Equity Fund Global Income Trust Global Natural Resources Fund Growth Opportunities Fund Health Sciences Trust High Yield Advantage Fund High Yield Trust Income Fund International Capital Opportunities Fund International Equity Fund International Growth and Income Fund International New Opportunities Fund Investors Fund Limited Duration Government Income Fund Massachusetts Tax Exempt Income Fund Michigan Tax Exempt Income Fund Minnesota Tax Exempt Income Fund Money Market Fund New Jersey Tax Exempt Income Fund New Opportunities Fund New Value Fund New York Tax Exempt Income Fund OTC & Emerging Growth Fund Ohio Tax Exempt Income Fund Pennsylvania Tax Exempt Income Fund Research Fund Small Cap Growth Fund Small Cap Value Fund Tax Exempt Income Fund Tax-Free High Yield Fund U.S. Government Income Trust Utilities Growth and Income Fund Vista Fund Voyager Fund Investment Strategy Putnam Investments These funds have an aggressive strategy. Capital Opportunities Fund Discovery Growth Fund Global Natural Resources Fund Growth Opportunities Fund International Capital Opportunities Fund International New Opportunities Fund New Opportunities Fund OTC & Emerging Growth Fund Small Cap Growth Fund Vista Fund These funds have a growth strategy. Asset Allocation: Growth Portfolio Capital Appreciation Fund Europe Equity Fund Global Equity Fund Health Sciences Trust International Equity Fund Investors Fund New Value Fund Research Fund Small Cap Value Fund Voyager Fund These funds have a growth and income strategy. Asset Allocation: Balanced Portfolio Asset Allocation: Conservative Portfolio Classic Equity Fund Convertible Income-Growth Trust Equity Income Fund Fund for Growth and Income George Putnam Fund of Boston International Growth and Income Fund Utilities Growth and Income Fund These funds have an income strategy. AMT-Free Insured Municipal Fund American Government Income Fund Arizona Tax Exempt Income Fund California Tax Exempt Income Fund Diversified Income Trust Global Income Trust High Yield Advantage Fund High Yield Trust Income Fund Limited Duration Government Income Fund Massachusetts Tax Exempt Income Fund Michigan Tax Exempt Income Fund Minnesota Tax Exempt Income Fund New Jersey Tax Exempt Income Fund New York Tax Exempt Income Fund Ohio Tax Exempt Income Fund Pennsylvania Tax Exempt Income Fund Tax Exempt Income Fund Tax-Free High Yield Fund U.S. Government Income Trust These funds have a cash strategy. Money Market Fund Copyright 2007, Putnam Retail Management

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