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| Putnam Investments |
| One Post Office Square |
| Boston, MA 02109 |
| January 31, 2017 |
VIA EDGAR
Jaea Hahn, Esquire
U.S. Securities and Exchange Commission
Division of Investment Management
100 F Street, NE
Washington, DC 20549
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RE: | Putnam Global Natural Resources Fund (Investment Company Act File No. 811-03061)—Registration |
| Statement on Form N-14 |
Dear Ms. Hahn:
Enclosed for filing on behalf of Putnam Global Natural Resources Fund (the “Fund”) is a registration statement on Form N-14 (the “Registration Statement”). The Registration Statement relates to the merger of Putnam Global Energy Fund into the Fund.
No registration fee is being paid at the time of filing because the Fund has previously filed an election, under Rule 24f-2 under the Investment Company Act of 1940, as amended, to register an indefinite number of shares of the Fund.
The Registration Statement is proposed to become effective thirty days after filing, March 2, 2017, pursuant to Rule 488 under the Securities Act of 1933, as amended.
I may be reached at 1-617-760-0044, to discuss this matter further. Thank you in advance for your assistance.
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| Very truly yours, |
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| /s/ Caitlin E. Robinson |
| Caitlin E. Robinson |
Enclosure
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cc: | Bryan Chegwidden, Esquire, Ropes & Gray LLP |
| James Thomas, Esquire, Ropes & Gray LLP |
| Peter Fariel, Esquire, Putnam Investments |