EX-99

Regulatory matters and litigation
010 Money Market Fund semiannual as of March 31, 2006

Putnam Management has entered into agreements with the
Securities and Exchange Commission and the Massachusetts
Securities Division settling charges connected with excessive
short term trading by Putnam employees and, in the case of the
charges brought by the Massachusetts Securities Division, by
participants in some Putnam administered 401(k) plans.  Pursuant
to these settlement agreements, Putnam Management will pay a
total of $193.5 million in penalties and restitution, with
$153.5 million being paid to certain open end funds and their
shareholders. The amount will be allocated to shareholders and
funds pursuant to a plan developed by an independent consultant,
and will be paid following approval of the plan by the SEC and
the Massachusetts Securities Division.

The Securities and Exchange Commissions and Massachusetts
Securities Divisions allegations and related matters also serve
as the general basis for numerous lawsuits, including purported
class action lawsuits filed against Putnam Management and
certain related parties, including certain Putnam funds.  Putnam
Management will bear any costs incurred by Putnam funds in
connection with these lawsuits.  Putnam Management believes that
the likelihood that the pending private lawsuits and purported
class action lawsuits will have a material adverse financial
impact on the fund is remote, and the pending actions are not
likely to materially affect its ability to provide investment
management services to its clients, including the Putnam funds.

In March 2006, the fund received $1,398,881 from Putnam to
address issues relating to the calculation of certain amounts
paid by the Putnam mutual funds to Putnam for transfer agent
services. This amount is included in Fees waived and reimbursed
by Manager or affiliate on the Statement of operations. Review
of this matter is ongoing and the amount received by the fund
may be adjusted in the future. Such adjustment is not expected
to be material.

Putnam Management and Putnam Retail Management are named as
defendants in a civil suit in which the plaintiffs allege that
the management and distribution fees paid by certain Putnam
funds were excessive and seek recovery under the Investment
Company Act of 1940.  Putnam Management and Putnam Retail
Management have contested the plaintiffs claims and the matter
is currently pending in the U.S. District Court for the District
of Massachusetts.  Based on currently available information,
Putnam Management believes that this action is without merit and
that it is unlikely to have a material effect on Putnam
Managements and Putnam Retail Managements ability to provide
services to their clients, including the fund.

EX-99

Money Market, March 31, 2006, semiannual report

Because the electronic format for filing Form NSAR does not
provide adequate space for responding to certain items
correctly, the correct answers are as follows:

53A	For the period ended March 31, 2006, Putnam Management has
assumed $16,945 of legal, shareholder servicing and
communication, audit and Trustee fees incurred by the fund in
connection with certain legal and regulatory matters.

72DD1 		Class A 58,410
		Class B 4,084
		Class C 315

72DD2		Class M 775
		Class R 32
		Class T 3,242

73A1		Class A 0.018906
		Class B 0.016412
		Class C 0.016414

74A2		Class M 0.018163
		Class R 0.016406
		Class T 0.017657

74U1		Class A 2,892,333
		Class B 201,960
		Class C 12,514

74U2		Class M 41,104
		Class R 2,041
		Class T 177,996

74V1		Class A 1.00
		Class B 1.00
		Class C 1.00

74V2		Class M 1.00
		Class R 1.00
		Class T 1.00

85B Additional Information About Errors and Omissions Policy

While no claims with respect to the Registrant/Series were filed
under such policy during the period, requests under such policy
for reimbursement of legal expenses and costs arising out of
claims of market timing activity in the Putnam Funds have been
submitted by the investment manager of the Registrant/Series.