The Putnam is given nationally, only to undergraduates, and consists of twelve problems that are very interesting and invariably pretty challenging. Six problems each are given from 9-12 a.m. and from 2-5 p.m. They are designed to measure creativity and to seek out that "aha!" reaction that's such an important part of mathematics. People typically take it for the interest, challenge and fun. These are problems at the undergraduate level (often freshman/sophmore) that really provide a different experience than those in class.
We'll head out for pizza during the lunch break.
If you think you may be interested in competing, sign up below.