-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AWKgWgrw0v5icsumBbvumaZSBmHuZSOpkFFQ878sHsNbrC50xhub3Ol9X1tt5Qve tF+cERRuGSVHKwnS7hfdAw== 0000928816-09-000696.txt : 20090728 0000928816-09-000696.hdr.sgml : 20090728 20090728163737 ACCESSION NUMBER: 0000928816-09-000696 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 20090728 DATE AS OF CHANGE: 20090728 EFFECTIVENESS DATE: 20090728 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM CONVERTIBLE INCOME GROWTH TRUST CENTRAL INDEX KEY: 0000081247 IRS NUMBER: 042493360 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-02280 FILM NUMBER: 09967682 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ STREET 2: MAILSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM CONVERTIBLE FUND DATE OF NAME CHANGE: 19841212 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM CONVERTIBLE FUND INC /PRED/ DATE OF NAME CHANGE: 19821109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM GLOBAL EQUITY FUND CENTRAL INDEX KEY: 0000081251 IRS NUMBER: 046145734 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-01403 FILM NUMBER: 09967675 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM GLOBAL GROWTH FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM INTERNATIONAL EQUITIES FUND DATE OF NAME CHANGE: 19900722 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM INTERNATIONAL EQUITIES FUND INC /PRED/ DATE OF NAME CHANGE: 19821109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM FUND FOR GROWTH & INCOME CENTRAL INDEX KEY: 0000081260 IRS NUMBER: 046013678 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-00781 FILM NUMBER: 09967678 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ STREET 2: MAIKLSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM GROWTH FUND DATE OF NAME CHANGE: 19841025 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM INCOME FUND CENTRAL INDEX KEY: 0000081264 STANDARD INDUSTRIAL CLASSIFICATION: OIL ROYALTY TRADERS [6792] IRS NUMBER: 046013712 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-00653 FILM NUMBER: 09967668 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ STREET 2: MAILSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921471 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM INCOME FUND INC/PRED/ DATE OF NAME CHANGE: 19821109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM INVESTORS FUND CENTRAL INDEX KEY: 0000081269 IRS NUMBER: 042713095 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-00159 FILM NUMBER: 09967665 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM INVESTORS FUND INC /PRED/ DATE OF NAME CHANGE: 19821109 FORMER COMPANY: FORMER CONFORMED NAME: INCORPORATED INVESTORS DATE OF NAME CHANGE: 19670327 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM TAX EXEMPT INCOME FUND CENTRAL INDEX KEY: 0000205802 IRS NUMBER: 046396109 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-02675 FILM NUMBER: 09967655 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM EQUITY INCOME FUND/NEW/ CENTRAL INDEX KEY: 0000216934 IRS NUMBER: 046407893 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-02742 FILM NUMBER: 09967680 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ STREET 2: MAILSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 8002551581 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM STRATEGIC INCOME TRUST DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM OPTION INCOME TRUST DATE OF NAME CHANGE: 19910307 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM GLOBAL NATURAL RESOURCES FUND CENTRAL INDEX KEY: 0000317031 IRS NUMBER: 133035507 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-03061 FILM NUMBER: 09967672 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM NATURAL RESOURCES FUND /MA/ DATE OF NAME CHANGE: 19950629 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM ENERGY RESOURCES TRUST DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: EBERSTADT ENERGY RESOURCES FUND INC DATE OF NAME CHANGE: 19850317 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM CALIFORNIA TAX EXEMPT INCOME TRUST CENTRAL INDEX KEY: 0000711402 IRS NUMBER: 042786284 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-03630 FILM NUMBER: 09967683 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ STREET 2: MAILSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921562 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM NEW YORK TAX EXEMPT INCOME TRUST CENTRAL INDEX KEY: 0000719712 IRS NUMBER: 042794490 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-03741 FILM NUMBER: 09967658 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM NEW YORK TAX EXEMPT INCOME FUND DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM AMERICAN GOVERNMENT INCOME FUND CENTRAL INDEX KEY: 0000759827 IRS NUMBER: 042856297 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-04178 FILM NUMBER: 09967648 BUSINESS ADDRESS: STREET 1: PUTNAM INVESTMENTS INC STREET 2: ONE POST OFFICE SQUARE MAIL STOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921562 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM HIGH INCOME GOVERNMENT TRUST DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM MICHIGAN TAX EXEMPT INCOME FUND / CENTRAL INDEX KEY: 0000794611 IRS NUMBER: 046626130 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-04529 FILM NUMBER: 09967663 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-292-14 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM MICHIGAN TAX EXEMPT INCOME FUND DATE OF NAME CHANGE: 19920609 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM U S GOVERNMENT INCOME TRUST CENTRAL INDEX KEY: 0000732337 IRS NUMBER: 042811119 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-03897 FILM NUMBER: 09967652 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM U S GOVERNMENT GUARANTEED SECURITIES INCOME TRUST DATE OF NAME CHANGE: 19910102 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM UNITED STATES GOVERNMENT SECURITIES INCOME FUND DATE OF NAME CHANGE: 19840806 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM VARIABLE TRUST CENTRAL INDEX KEY: 0000822671 IRS NUMBER: 046649095 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05346 FILM NUMBER: 09967651 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ STREET 2: MAILSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 8002551581 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM CAPITAL MANAGER TRUST /MA/ DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM NEW OPPORTUNITIES FUND CENTRAL INDEX KEY: 0000865177 IRS NUMBER: 043091455 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-06128 FILM NUMBER: 09967659 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: A6 ZIP: 02109 BUSINESS PHONE: 6172921000 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM DIVERSIFIED INCOME TRUST CENTRAL INDEX KEY: 0000836622 IRS NUMBER: 043017475 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05635 FILM NUMBER: 09967681 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ STREET 2: MAILSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921562 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM EUROPE EQUITY FUND CENTRAL INDEX KEY: 0000842940 IRS NUMBER: 043083315 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05693 FILM NUMBER: 09967679 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQUARE STREET 2: MAILSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 8002551581 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM EUROPE GROWTH FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM EUROPE FUND DATE OF NAME CHANGE: 19900726 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM GOVERNMENT INCOME FUND DATE OF NAME CHANGE: 19900412 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM NEW JERSEY TAX EXEMPT INCOME FUND CENTRAL INDEX KEY: 0000857463 IRS NUMBER: 043073948 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05977 FILM NUMBER: 09967660 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM INTERNATIONAL EQUITY FUND /MA/ CENTRAL INDEX KEY: 0000868648 IRS NUMBER: 046661045 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-06190 FILM NUMBER: 09967667 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921471 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM INTERNATIONAL GROWTH FUND /MA/ DATE OF NAME CHANGE: 19960805 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM OVERSEAS GROWTH FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM INTERNATIONAL GROWTH FUND DATE OF NAME CHANGE: 19901107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GEORGE PUTNAM FUND OF BOSTON CENTRAL INDEX KEY: 0000081259 IRS NUMBER: 046013677 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-00058 FILM NUMBER: 09967676 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ STREET 2: MAILSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 8002252581 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM EQUITY INCOME FUND/NEW DATE OF NAME CHANGE: 19940302 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM GEORGE FUND OF BOSTON DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM VISTA FUND/NEW/ CENTRAL INDEX KEY: 0000081279 IRS NUMBER: 042430137 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-01561 FILM NUMBER: 09967650 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM VISTA BASIC VALUE FUND DATE OF NAME CHANGE: 19891128 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM VISTA FUND DATE OF NAME CHANGE: 19851202 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM VISTA FUND INC/PRED/ DATE OF NAME CHANGE: 19821109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM VOYAGER FUND CENTRAL INDEX KEY: 0000081280 IRS NUMBER: 046187125 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-01682 FILM NUMBER: 09967649 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM VOYAGER FUND INC /PRED/ DATE OF NAME CHANGE: 19821109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM TAX EXEMPT MONEY MARKET FUND CENTRAL INDEX KEY: 0000806944 IRS NUMBER: 046561110 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05215 FILM NUMBER: 09967654 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM TAX EXEMPT MONEY MARKET TRUST DATE OF NAME CHANGE: 19870927 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM MONEY MARKET FUND CENTRAL INDEX KEY: 0000081248 IRS NUMBER: 046386436 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-02608 FILM NUMBER: 09967661 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ STREET 2: MAILSTOP A-14 LEGAL DEPARTMENT CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921471 MAIL ADDRESS: STREET 1: MAILSTOP A-14 LEGAL DEPARTMENT STREET 2: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM DAILY DIVIDEND TRUST DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM HIGH YIELD TRUST CENTRAL INDEX KEY: 0000225777 IRS NUMBER: 046415410 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-02796 FILM NUMBER: 09967669 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ STREET 2: MAILSTOP A-14 LEGAL DEPARTMENT CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 8002251581 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQUARE STREET 2: MAILSTOP A-14 LEGAL DEPARTMENT CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM HIGH YIELD TRUST FUND DATE OF NAME CHANGE: 19960328 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM GLOBAL HEALTH CARE FUND CENTRAL INDEX KEY: 0000357295 IRS NUMBER: 046471950 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-03386 FILM NUMBER: 09967674 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ STREET 2: MAILSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 8002251581 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQ STREET 2: MAILSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM HEALTH SCIENCES TRUST DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM HIGH YIELD ADVANTAGE FUND CENTRAL INDEX KEY: 0000787836 IRS NUMBER: 066290063 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-04616 FILM NUMBER: 09967670 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ STREET 2: MAILSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 8002251581 MAIL ADDRESS: STREET 1: NULL FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM HIGH YIELD TRUST II DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND/MA/ CENTRAL INDEX KEY: 0000792288 IRS NUMBER: 046626127 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-04518 FILM NUMBER: 09967664 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND II DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND /MA/ DATE OF NAME CHANGE: 19920609 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM MINNESOTA TAX EXEMPT INCOME FUND/MA CENTRAL INDEX KEY: 0000794612 IRS NUMBER: 046626128 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-04527 FILM NUMBER: 09967662 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM MINNESOTA TAX EXEMPT INCOME FUND II DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM MINNESOTA TAX EXEMPT INCOME FUND DATE OF NAME CHANGE: 19920609 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM TAX FREE INCOME TRUST /MA/ CENTRAL INDEX KEY: 0000771951 IRS NUMBER: 046483374 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-04345 FILM NUMBER: 09967653 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 MAIL ADDRESS: STREET 1: NULL FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM TAX FREE INCOME TRUST DATE OF NAME CHANGE: 19920101 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM PENNSYLVANIA TAX EXEMPT INCOME FUND CENTRAL INDEX KEY: 0000794615 IRS NUMBER: 043057637 STATE OF INCORPORATION: MA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05802 FILM NUMBER: 09967656 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQU CITY: BOSTON STATE: MA ZIP: 02109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM OHIO TAX EXEMPT INCOME FUND/MA CENTRAL INDEX KEY: 0000794616 IRS NUMBER: 046626129 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-04528 FILM NUMBER: 09967657 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-292-1000 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 021009 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM OHIO TAX EXEMPT INCOME FUND II DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM OHIO TAX EXEMPT INCOME FUND DATE OF NAME CHANGE: 19920609 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM GLOBAL UTILITIES FUND CENTRAL INDEX KEY: 0000867824 IRS NUMBER: 046660195 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05989 FILM NUMBER: 09967671 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM UTILITIES GROWTH & INCOME FUND DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM ARIZONA TAX EXEMPT INCOME FUND CENTRAL INDEX KEY: 0000869392 IRS NUMBER: 046665534 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-06258 FILM NUMBER: 09967685 BUSINESS ADDRESS: STREET 1: PUTNAM INVESTMENTS INC STREET 2: ONE POST OFFICE SQUARE MAIL STOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 8002251585 MAIL ADDRESS: STREET 1: 2 LIBERTY SQUARE STREET 2: MAIL STOP L6 CITY: BOSTON STATE: MA ZIP: 02109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM ASSET ALLOCATION FUNDS CENTRAL INDEX KEY: 0000914209 IRS NUMBER: 046746612 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-07121 FILM NUMBER: 09967684 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM LIFE STAGES ASSET ALLOCATION TRUST DATE OF NAME CHANGE: 19931027 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM INVESTMENT FUNDS CENTRAL INDEX KEY: 0000932101 IRS NUMBER: 043251560 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-07237 FILM NUMBER: 09967666 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQUARE STREET 2: MAIL STOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921562 MAIL ADDRESS: STREET 1: PUTNAM EQUITY FUNDS STREET 2: ONE POST OFFICE SQUARE MAILSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM EQUITY FUNDS DATE OF NAME CHANGE: 19941028 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM FUNDS TRUST CENTRAL INDEX KEY: 0001005942 IRS NUMBER: 043299786 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-07513 FILM NUMBER: 09967677 BUSINESS ADDRESS: STREET 1: ONE POST STREET 2: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921010 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM GLOBAL INCOME TRUST CENTRAL INDEX KEY: 0000794614 IRS NUMBER: 046549525 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-04524 FILM NUMBER: 09967673 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ STREET 2: MAILSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921562 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM GOVERNMENT INCOME GLOBAL TRUST DATE OF NAME CHANGE: 19870225 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM GLOBAL GOVERNMENT INCOME TRUST DATE OF NAME CHANGE: 19870115

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C000015446 Class C Shares

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0000842940 S000005589 PUTNAM EUROPE EQUITY FUND

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C000039838 Class C Shares

C000060575 CLASS Y

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C000017307 Class B Shares PNOBX

C000017308 Class C Shares PNOCX

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C000017310 Class R Shares PNORX

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0000867824 S000006571 PUTNAM GLOBAL UTILITIES FUND

C000017928 Class C Shares

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C000017931 Class B Shares PUTBX

C000017932 Class M Shares PUTMX

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0000868648 S000006181 PUTNAM INTERNATIONAL EQUITY FUND /MA/

C000017024 Class A Shares POVSX

C000017025 Class B Shares POVBX

C000017026 Class C Shares PIGCX

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C000017028 Class R Shares PIERX

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0000869392 S000005506 PUTNAM ARIZONA TAX EXEMPT INCOME FUND

C000014989 Class M Shares

C000014990 Class A Shares PTAZX

C000014991 Class B Shares PAZBX

C000039832 Class C Shares

C000060572 CLASS Y

0000914209 S000000778 Asset Allocation: Balanced Portfolio

C000002307 Class A shares PABAX

C000002308 Class B shares PABBX

C000002309 Class C shares AABCX

C000002310 Class M shares PABMX

C000002311 Class R shares PAARX

C000002312 Class Y shares PABYX

0000914209 S000000779 Asset Allocation: Conservative Portfolio

C000002313 Class A shares PACAX

C000002314 Class B shares PACBX

C000002315 Class C shares PACCX

C000002316 Class M shares PACMX

C000002317 Class R shares PACRX

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0000914209 S000000780 Asset Allocation: Growth Portfolio

C000002319 Class A shares PAEAX

C000002320 Class B shares PAEBX

C000002321 Class C shares PAECX

C000002322 Class M shares PAGMX

C000002323 Class R shares PASRX

C000002324 Class Y shares PAGYX

0000932101 S000003845 Putnam Capital Opportunities Fund

C000010737 Class A Shares PCOAX

C000010738 Class B Shares POPBX

C000010739 Class C Shares PCOCX

C000010740 Class M Shares POPMX

C000010741 Class R Shares PCORX

C000010742 Class Y Shares PYCOX

0000932101 S000003848 Putnam Growth Opportunities Fund

C000010751 Class A Shares POGAX

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C000010755 Class R Shares PGORX

C000010756 Class Y Shares PGOYX

0000932101 S000003849 Putnam International New Opportunities Fund

C000010757 Class Y Shares

C000010758 Class A shares PINOX

C000010759 Class B Shares PINWX

C000010760 Class C Shares PIOCX

C000010761 Class M Shares PINMX

C000010762 Class R Shares PNPRX

0000932101 S000003850 Putnam International Capital Opportunities

C000010763 Class A Shares PNVAX

C000010764 Class B Shares PVNBX

C000010765 Class C Shares PUVCX

C000010766 Class M shares PIVMX

C000010767 Class R Shares PICRX

C000010768 Class Y Shares PIVYX

0000932101 S000003851 Putnam Mid Cap Value Fund

C000010769 Class M Shares

C000010770 Class A Shares PMVAX

C000010771 Class B shares PMVBX

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C000010773 Class R Shares PMVRX

C000010774 Class Y Shares PMVYX

0000932101 S000003853 Putnam Research Fund

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C000049250 CLASS R

0001005942 S000000773 Putnam Floating Rate Income Fund

C000002278 Class B shares

C000002279 Class C shares

C000002280 Class M shares

C000002281 Class R shares

C000002282 Class Y shares

C000002283 Class A shares PFLRX

0001005942 S000000774 Putnam Income Strategies Fund

C000002284 Class A shares

C000002285 Class B shares

C000002286 Class C shares

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C000002288 Class R shares

C000002289 Class Y shares

0001005942 S000000775 Putnam International Growth and Income Fund

C000002290 Class Y shares

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C000002295 Class R shares PITRX

0001005942 S000000777 Putnam Small Cap Growth Fund

C000002301 Class C shares

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C000002306 Class R shares PSGRX

0001005942 S000023000 PUTNAM EMERGING MARKETS EQUITY FUND

C000066853 CLASS A

C000066854 CLASS B

C000066855 CLASS C

C000066856 CLASS M

C000066857 CLASS R

C000066858 CLASS Y

0001005942 S000023452 PUTNAM ABSOLUTE RETURN 500 FUND

C000068886 CLASS A

C000068887 CLASS B

C000068888 CLASS C

C000068889 CLASS M

C000068890 CLASS R

C000068891 CLASS Y

0001005942 S000024243 Putnam Global Consumer Fund

C000071511 Class A

C000071512 Class B

C000071513 Class C

C000071514 Class M

C000071515 Class R

C000071516 Class Y

0001005942 S000024244 Putnam Global Energy Fund

C000071517 Class M

C000071518 Class R

C000071519 Class Y

C000071520 Class A

C000071521 Class B

C000071522 Class C

0001005942 S000024245 Putnam Global Financial Fund

C000071523 Class A

C000071524 Class B

C000071525 Class C

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C000071527 Class R

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0001005942 S000024246 Putnam Global Industrial Fund

C000071529 Class A

C000071530 Class B

C000071531 Class C

C000071532 Class M

C000071533 Class R

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0001005942 S000024247 Putnam Global Technology Fund

C000071535 Class A

C000071536 Class B

C000071537 Class C

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C000071539 Class R

C000071540 Class Y

0001005942 S000024248 Putnam Global Telecommunication Fund

C000071541 Class A

C000071542 Class B

C000071543 Class C

C000071544 Class M

C000071545 Class R

C000071546 Class Y

0001005942 S000024274 Putnam Absolute Return 100 Fund

C000071705 Class A

C000071706 Class B

C000071707 Class C

C000071708 Class M

C000071709 Class R

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0001005942 S000024275 Putnam Absolute Return 300 Fund

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C000071712 Class R

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C000071714 Class A

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0001005942 S000024276 Putnam Absolute Return 700 Fund

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C000076543 CLASS A

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0001005942 S000025558 PUTNAM EQUITY SPECTRUM FUND

C000076549 CLASS M

C000076550 CLASS R

C000076551 CLASS Y

C000076552 CLASS A

C000076553 CLASS B

C000076554 CLASS C

0001005942 S000025822 Putnam Asia Pacific Equity Fund

C000077196 Class A

C000077197 Class B

C000077198 Class C

C000077199 Class M

C000077200 Class R

C000077201 Class Y

DEFA14A 1 a_proxydefa14a.htm PUTNAM MULTI-FUND PROXY SOLICITATION MATERIALS


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

SCHEDULE 14A
(RULE 14a-101)

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(A)
of the Securities Exchange Act of 1934

Filed by the Registrant / X /

Filed by a Party other than the Registrant / /

Check the appropriate box:

/ /	Preliminary Proxy Statement.
/ /	Confidential, for use of the Commission Only (as permitted by Rule 14a-6(e) (2)).
/ /	Definitive Proxy Statement.
/ /	Definitive Additional Materials.
/ X /	Soliciting Material Pursuant to § 240.14a-12.

PUTNAM AMERICAN GOVERNMENT INCOME FUND
PUTNAM ARIZONA TAX EXEMPT INCOME FUND
PUTNAM ASSET ALLOCATION FUNDS
PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND
PUTNAM CONVERTIBLE INCOME-GROWTH TRUST
PUTNAM DIVERSIFIED INCOME TRUST
PUTNAM EQUITY INCOME FUND
PUTNAM EUROPE EQUITY FUND
THE PUTNAM FUND FOR GROWTH AND INCOME
PUTNAM FUNDS TRUST
THE GEORGE PUTNAM FUND OF BOSTON
PUTNAM GLOBAL EQUITY FUND
PUTNAM GLOBAL HEALTH CARE FUND
PUTNAM GLOBAL INCOME TRUST
PUTNAM GLOBAL NATURAL RESOURCES FUND
PUTNAM GLOBAL UTILITIES FUND
PUTNAM HIGH YIELD ADVANTAGE FUND
PUTNAM HIGH YIELD TRUST
PUTNAM INCOME FUND
PUTNAM INTERNATIONAL EQUITY FUND
PUTNAM INVESTMENT FUNDS
PUTNAM INVESTORS FUND


PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND
PUTNAM MICHIGAN TAX EXEMPT INCOME FUND
PUTNAM MINNESOTA TAX EXEMPT INCOME FUND
PUTNAM MONEY MARKET FUND
PUTNAM NEW JERSEY TAX EXEMPT INCOME FUND
PUTNAM NEW OPPORTUNITIES FUND
PUTNAM NEW YORK TAX EXEMPT INCOME FUND
PUTNAM OHIO TAX EXEMPT INCOME FUND
PUTNAM PENNSYLVANIA TAX EXEMPT INCOME FUND
PUTNAM TAX EXEMPT INCOME FUND
PUTNAM TAX EXEMPT MONEY MARKET FUND
PUTNAM TAX-FREE INCOME TRUST
PUTNAM U.S. GOVERNMENT INCOME TRUST
PUTNAM VARIABLE TRUST
PUTNAM VISTA FUND
PUTNAM VOYAGER FUND

(Name of Registrant as Specified in its Charter)

(Name of Person(s) Filing Proxy Statement,
if Other Than the Registrant)


Payment of Filing Fee (Check the appropriate box):

/ X /	No fee required.

/ /	Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
	(1) Title of each class of securities to which transaction applies:
	(2) Aggregate number of securities to which transaction applies:
	(3) Per unit price or other underlying value of transaction
	computed pursuant to Exchange Act Rule 0-11 (set forth the
	amount on which the filing fee is calculated and state how it
	was determined):
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/ /	Fee paid previously with preliminary materials.

/ /	Check box if any part of the fee is offset as provided by Exchange Act Rule
	0-11(a)(2) and identify the filing for which the offsetting fee was paid
	previously. Identify the previous filing by registration statement
	number, or the form or schedule and the date of its filing.
	(1) Amount Previously Paid:
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	(4) Date Filed:

PUTNAM INVESTMENTS PROPOSES SWEEPING SHAREHOLDER-FRIENDLY

CHANGES TO THE PRICING STRUCTURE OF ITS FUNDS

Overhaul to include lower management fees, use of performance fees,

and fund family-wide breakpoints

BOSTON, July 28, 2009 — Putnam Investments and the Board of Trustees of the Putnam Funds today announced that the firm and the Funds will make sweeping changes to the management fees on Putnam’s retail mutual funds, designed to provide investors with a host of immediate and long-term pricing benefits, and to make Putnam’s product line-up more competitive in the marketplace. Certain changes will require the approval of shareholders at shareholder meetings to be held later this year.

“Every element of our re-pricing plan is crafted to benefit our shareholders,” said Putnam’s President and Chief Executive Officer Robert L. Reynolds, “in some cases immediately, in all cases over the long haul. We will be lowering management fees on many of our mutual funds on August 1. In addition, the new management contracts for which we are seeking shareholder approval would go a step further and reduce management fees on nearly all of our mutual funds, while giving investors a real stake in our future growth and, in the case of certain funds, tying the funds’ management fees to investment performance. We think the marketplace will welcome these changes as fresh evidence of our commitment to provide shareholders with strong, sustained investment results at competitively priced levels.”

The combination of management fee reductions as of August 1, 2009, and new management contracts, if approved by shareholders, will yield the following overall benefits to investors:

· Fee reductions/elimination: Significant management fee reductions on fixed income and asset allocation funds, and elimination of management fees on target date (RetirementReady^®) funds, will take place on August 1, 2009.

o Management fees will be reduced from current contractual levels for mutual funds in the following product categories (on average, as of June 30, 2009):

▪ Putnam Fixed Income Funds — a 13% reduction; ranging as high as a 34% reduction

▪ Putnam Asset Allocation Funds — a 10% reduction

▪ Putnam RetirementReady^®Funds — elimination of “wrap” management fees

· Performance fees: U.S. growth funds, international funds, and Putnam Global Equity Fund will have performance fees reflecting the strength or weakness of the investment performance of a given fund. Management fees for these equity funds will decline from their standard fee if the funds underperform their benchmarks and will rise if the funds outperform.

· Fund family breakpoints: The asset-level discounts for investors will be based more broadly on the growth of all Putnam mutual fund assets, rather than the inherently unpredictable growth of an individual Putnam mutual fund’s assets. Every dollar invested in a Putnam mutual fund essentially benefits all Putnam mutual fund shareholders under this model.

John A. Hill, chairman of the Board of Trustees of the Putnam Funds, said, “The Board of Trustees has worked closely with Putnam in a cooperative effort over the past months on this new shareholder-friendly pricing plan and is pleased with the results. Besides fee reductions for many of the Putnam funds, the new plan offers highly competitive management fees, some of which are tied directly to fund performance, with asset-level discounts linked to the fund family’s overall growth, rather than to the growth of a single fund. We believe these collective actions will provide a range of significant benefits to our shareholders.”

Performance fees add value

Reynolds indicated that the firm is particularly enthused about the potential impact of performance fees. “There’s a pure and simple logic to performance fees: If a fund performs well, shareholders pay a higher management fee, which they will be very content to do if results are strong. Conversely, if a fund underperforms, the management fee charged to shareholders will be lower. The direct correlation between performance and fees charged provides a value-add equation for the shareholder,” he noted.

Currently, Putnam has performance fees attached to its new suite of Absolute Return Funds and Spectrum Funds. The firm is moving to apply the fees to its U.S. growth funds, international funds, and Putnam Global Equity Fund at this time.

Fund family breakpoints provide cost diversification

On the topic of fund family breakpoints, Reynolds pointed out that individual fund breakpoints are a throwback to an earlier era of single product offerings. “Today, a firm like Putnam, with a broad, diverse product line, typically shares investment management resources — like securities trading, technology, fund administration, accounting services, etc. — across its family of funds. It only makes sense that management fee breakpoints, or the points at which discounts are achieved for shareholders, be linked to the fund family’s overall assets.

“For shareholders, this fund family-wide approach would provide a form of cost diversification not available in a fund-specific breakpoint system by allowing them to benefit from the growth of the Putnam fund family as a whole, regardless of whether their specific funds happen to be growing or declining at a particular time. At its very essence, moving to a fund family breakpoint system allows each and every shareholder in our fund family to benefit from every dollar invested in a Putnam mutual fund,” Reynolds added.

Rebuilding Putnam Investments

Since joining Putnam on July 1, 2008, Reynolds has taken a number of steps to improve performance and revitalize Putnam’s business overall, including:

· A restructuring of Putnam’s equity investment division to increase individual fund manager accountability and responsibility and realign manager and analyst incentives to reward those who deliver top-quartile results for clients;

· Senior hiring in trading, portfolio management, and research, including David Glancy; Nick Thakore; Robert Ewing; and Walter Donovan, the firm’s chief investment officer;

· The launching of new products, including the industry’s first suite of target Absolute Return Funds*; the Spectrum Funds, which invest in the securities of undervalued, leveraged companies; and the Global Sector Funds, which target stocks in dynamic sectors across global markets;

· A recommitment to the retirement market, both by launching a new defined-contribution platform for plan sponsors and by proposing a sweeping retirement reform agenda based on strengthening 401(k)s to reliably deliver lifelong income to workers;

· Announcing a new print and online advertising campaign earlier this month, entitled, “This is Putnam today,” which showcases a series of large-cap equity managers and the strong performance they have been generating over the last year.

About Putnam Investments

Founded in 1937, Putnam Investments is a leading global money management firm with over 70 years of investment experience. As of June 30, 2009, Putnam had $102.8 billion in assets under management. Putnam has offices in Boston, London, Frankfurt, Amsterdam, Tokyo, Singapore, and Sydney. For more information, go to putnam.com.

*Putnam’s target Absolute Return Funds are not intended to outperform stocks and bonds during strong market rallies.

The foregoing is not an offer to sell shares of any fund, nor is it a solicitation of any proxy. For more information relating to Putnam Investments, the funds, the Trustees of the Putnam Funds, and their shareholdings in the funds, or to receive a free copy of a proxy statement relating to certain of the matters discussed in this press release once the proxy statement has been filed with the SEC, please call 1-800-225-1581. Free copies of such materials can also be found on the SEC’s website (http://www.sec.gov). Please read the proxy statement when it becomes available because it contains important information.

Putnam mutual funds are distributed by Putnam Retail Management.

Media Contact:

Jon Goldstein, Putnam Investments, 617-760-1127 (office), 516-946-5598 (cell),
jon_goldstein@putnam.com

FOR MEDIA USE ONLY

# # #

Dear Colleagues,

Today we are announcing that Putnam Investments and our Board of Trustees will ask shareholders to approve significant changes in the pricing structure of Putnam’s mutual funds.

These changes center on the management fees we charge. They are intended to deliver real benefits to shareholders in both costs and transparency and to make Putnam funds even more competitive. Among them are:

· Lower management fees for virtually all mutual funds, including significantly lower management fees for fixed income and asset allocation funds that begin to take effect on August 1

· The application of performance fees to all U.S. growth equity funds, international equity funds, and Putnam Global Equity Fund

· The adoption of asset-level discounts or management fee “breakpoints” at a fund family level instead of at the level of individual funds

Every element of this re-pricing plan aims to benefit Putnam shareholders, immediately in some cases, and in all cases over the long haul. We expect shareholders to approve these changes later this fall – and for the broader market to be very receptive.

These changes are designed to provide growing benefits to Putnam mutual fund shareholders as the company grows and as our investment performance continues to improve.

In other words, these changes more closely align Putnam’s goals with that of our investors, and offer our shareholders a rising stake in Putnam’s future success.

These pricing changes, in addition to our other strategic changes, position Putnam for future long-term profitable growth.

Sincerely,

Robert L. Reynolds

The foregoing is not an offer to sell shares of any fund, nor is it a solicitation of any proxy. For more information relating to Putnam Investments, the funds, the Trustees of the Putnam Funds, and their shareholdings in the funds, or to receive a free copy of a proxy statement relating to certain of the matters discussed in this press release once the proxy statement has been filed with the SEC, please call 1-800-225-1581. Free copies of such materials can also be found on the SEC’s website (http://www.sec.gov). Please read the proxy statement when it becomes available because it contains important information.

JULY 28, 2009

Q&A REGARDING CHANGES TO THE

PRICING STRUCTURE OF PUTNAM FUNDS

On July 28, 2009, Putnam Investments and the Board of Trustees of the Putnam Funds announced that the firm and the Funds will make sweeping changes to the management fees on Putnam’s retail mutual funds that are designed to provide investors with a host of immediate and long-term pricing benefits, and to make Putnam’s product lineup more competitive in the marketplace. Certain changes will require the approval of shareholders at shareholder meetings to be held later this year.

GENERAL QUESTIONS

What is Putnam announcing?

Shareholder-friendly changes to our mutual fund pricing structure that are designed to provide investors with a host of immediate and long-term pricing benefits. Highlights include:

· Fee reductions/elimination: Significant management fee reductions on fixed-income and asset allocation funds and elimination of management fees on target-date (RetirementReady^®) funds will take place on August 1, 2009.

o Management fees will be reduced from current contractual levels for mutual funds in the following product categories (on average, as of June 30, 2009):

▪ Putnam fixed-income funds – 13% reduction; ranging as high as a 34% reduction

▪ Putnam asset allocation funds – 10% reduction

▪ Putnam RetirementReady Funds – Elimination of “wrap” management fees and other expenses

· (Following shareholder approval) Performance fees: U.S. growth funds, international funds, and Putnam Global Equity Fund will have performance fees reflecting the strength or weakness of the investment performance of a given fund. Management fees for these equity funds will decline from their standard fee if the funds underperform their benchmarks and will rise if the funds outperform.

· (Following shareholder approval) Fund family breakpoints: The asset-level discounts for management fees will be based more broadly on the growth of all Putnam mutual fund assets, rather than the inherently unpredictable growth of an individual Putnam mutual fund’s assets. Every dollar invested in a Putnam mutual fund essentially benefits all Putnam mutual fund shareholders under this model.

Why are pricing changes being made at this time?

These shareholder-friendly changes are the latest in a series of major organizational moves under the leadership of Putnam President and Chief Executive Officer Robert L. Reynolds to make Putnam more competitive. The firm is aiming to overhaul the pricing structure that determines the total expenses paid by fund shareholders.

Will these moves lead to lower management fees for fund shareholders? How many funds and what percentage of shareholders are expected to have lower management fees as a result of the changes?

As of August 1, 2009, management fees for 44 funds (representing 45% of the mutual funds and 34% of mutual fund assets) will decrease. Management fees for 54 funds (representing 55% of the mutual funds and 66% of mutual fund assets) will remain flat to current contractual levels.

By contrast, as of January 1, 2010 (assuming favorable shareholder action), the new management contracts are expected, based on June 30, 2009 asset levels, to provide for payment of a management fee rate that is lower for almost all funds, and in many cases significantly lower, than the management fee rate payable under the funds’ current management contracts.

Will these moves lead to lower total expenses? How many funds and what percentage of shareholders are expected to have lower total expenses as a result of the changes?

While the moves being announced largely deal with management fees, Putnam also is implementing on August 1, 2009, new caps on certain expenses outside of management fees that will immediately lower those expenses for many funds, and will prevent those expenses from rising for other funds, through at least July 31, 2010. Putnam remains committed to competitive TERs (total expense ratio) for fund shareholders.

Have Putnam’s expense ratios been higher than those of its peers?

No, Putnam has maintained very competitive total expense ratios on each of its funds relative to the funds’ Lipper peer groups since at least 2004.

When are these pricing changes expected to take effect?
August 1, 2009

- Management fee elimination: Management fees on Putnam’s target-date (RetirementReady^®) funds will be eliminated permanently.

- Management fee reductions through at least July 31, 2010: Significant management fee reductions will take effect for Putnam’s fixed income and asset allocation funds.

- New caps on certain expenses outside of management fees through at least July 31, 2010: New caps of 37.5 basis points on the general category of shareholder servicing expenses and of 20 basis points on the general category of other ordinary operating expenses will take effect.

January 1, 2010 (assuming favorable shareholder action on new management contracts)

- Lower contractual management fees for virtually all Putnam funds

- Fund family breakpoints for all open-end mutual funds

- Performance fees on U.S. growth funds, international equity funds, and Putnam Global Equity Fund

What type of approval is needed to implement the changes?

The Board of Trustees of the Putnam Funds has approved the slate of changes for August 1: management fee elimination/reduction for many of the mutual funds and the implementation of new caps on certain expenses outside of management fees. The Trustees also have approved the new management contracts for which shareholder approval will be sought in a proxy statement to be mailed this fall.

What dates should fund shareholders be aware of?

Shareholders may have heard or seen news about these planned changes following Putnam’s announcement in late July. Putnam issued a press release about the changes on July 28, 2009, and it is now posted at putnam.com. Shareholders can expect to receive a proxy statement (with proxy voting card) relating to the proposed January 1, 2010 changes in the mail during the middle of September.

* * *

PERFORMANCE FEES (FOLLOWING SHAREHOLDER APPROVAL)

How will performance fees work?

shareholders pay a reduced management fee, and if the fund outperforms, a greater management fee is charged. The basis point (hundredth of one percent) adjustments to a fund’s base management fee are capped equally on the upside and downside. (See Appendix A for a table showing the proposed funds and maximum annualized performance adjustment rates.)

Are performance fees new to Putnam?

No. Putnam currently has performance fees attached to its new suite of Absolute Return funds and Spectrum funds. Putnam proposes to extend further its philosophy that strong investment performance should be rewarded with higher management fees, while poor performance should command lower management fees, to U.S. growth funds, international equity funds and Putnam Global Equity Fund —funds for which Putnam believes this fee mechanism is most appropriate. Putnam will continue to monitor whether performance fees would be appropriate for shareholders in other funds.

What period of performance will the fees be based on?

The performance period would be the 36-month period then ended (or, if the new management contract has not then been effective for 36 complete calendar months, the period from the date the new management contract became effective [expected to be January 1, 2010, depending on shareholder approval]) to the end of the month for which the performance fee adjustment is being computed — all in all, between a minimum of 13 months, given the 12-month “waiting period” under SEC guidance, and a maximum of 36 months.

* * *

FUND FAMILY BREAKPOINTS (FOLLOWING SHAREHOLDER APPROVAL)

How will fund family breakpoints work?

Management fee “breakpoints” are commonly used in the mutual fund industry and refer to those asset levels at which management fee discounts are achieved for a fund’s shareholders. They are typically linked to the growth or decline of an individual fund’s assets — as assets grow, the effective management fee declines, and as assets decline, the effective management fee increases.

The use of fund family breakpoints would link the determination of asset-level discounts for management fees to the growth of all Putnam mutual fund assets, rather than the inherently unpredictable growth of an individual Putnam mutual fund’s assets.

Are management fee breakpoints related to sales charge breakpoints?

No, they are different. Putnam is not proposing any changes to sales charge breakpoints at this time.

Why are fund family breakpoints in the best interests of shareholders?

Fund family breakpoints are in the best interests of shareholders for four reasons:

1) Firms like Putnam, with a broad, diverse product line, typically share investment management resources — such as securities trading, technology, fund administration, and accounting services — across its family of funds. It only makes sense that management fee breakpoints, or the points at which management fee discounts are achieved for shareholders, be linked to the fund family’s overall assets.

2) In addition to being more reflective of the sharing of investment management resources across the fund family, fund family breakpoints would provide a form of “cost diversification” not available in a fund-specific breakpoint system by allowing shareholders to benefit from the growth of the Putnam fund family as a whole, even if their specific funds are not growing.

3) Because fund family breakpoints would allow each shareholder in the Putnam fund family to benefit proportionately from every dollar invested in any Putnam mutual fund, fund family breakpoints would give all shareholders an enhanced stake in the future growth of Putnam mutual fund assets.

4) The 19 fee categories under fund family breakpoints would result in management fees that will not favor one fund over another in the same fee category solely on the basis of one fund having achieved greater size than another. This feature of fund family breakpoints should enhance the value of the exchange privilege available to shareholders across the Putnam fund family of diversified products.

Who else in the industry currently utilizes this breakpoint structure?

Fidelity, T. Rowe Price, and Nuveen currently utilize some form of firm-wide breakpoints.

Is Putnam’s switch to fund family breakpoints dependent on an all-or-nothing vote across the fund family? Or would Putnam enact it if only certain funds vote the change?

The current intention is to implement new management contracts providing for fund family breakpoints only if they are approved by shareholders of substantially all the funds.

Putnam mutual funds are distributed by Putnam Retail Management. All funds involve risk, and you can lose money. See the prospectus for details.

Request a prospectus from your financial representative or by calling Putnam at 1-800-225-1581. The prospectus includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.

257841 7/09

Appendix A
Proposal to add performance fees to select funds.


Fund name	Proposed performance	Proposed maximum
	benchmark	annualized
		performance
		adjustment rate*

Putnam Asia Pacific Equity	Morgan Stanley Capital	0.21%
Fund	International (MSCI) All
	Country (AC) Asia Pacific
	Index

Putnam Emerging Markets	Morgan Stanley Capital	0.21%
Equity Fund	International (MSCI)
	Emerging Markets (EM) Index

Putnam Europe Equity Fund	Morgan Stanley Capital	0.15%
	International (MSCI) Europe
	Index

Putnam Global Equity Fund	Morgan Stanley Capital	0.15%
	International (MSCI) World
	Index

Putnam Growth	Russell 1000 Growth Index	0.12%
Opportunities Fund

Putnam International	S&P Developed Ex-U.S.	0.21%
Capital Opportunities Fund	SmallCap Index

Putnam International Equity	Morgan Stanley Capital	0.15%
Fund	International (MSCI) EAFE
	Index

Putnam International	S&P Developed Ex-U.S.	0.15%
Growth and Income Fund	LargeMidCap Value Index

Putnam International New	Morgan Stanley Capital	0.21%
Opportunities Fund	International (MSCI) EAFE
	Growth Index

Putnam New Opportunities	Russell 3000 Growth Index	0.12%
Fund

Putnam Small Cap Growth	Russell 2000 Growth Index	0.18%
Fund

Putnam Vista Fund	Russell Midcap Growth Index	0.12%

Putnam Voyager Fund	Russell 1000 Growth Index	0.12%

* Because the dollar amount of the monthly adjustment is based on the fund’s average assets during the rolling performance period, the amount of any dollar adjustment as a percentage of a fund’s current assets could exceed the “maximum annualized performance adjustment rates” provided in the table.

FOR INTERNAL USE ONLY

JULY 28, 2009

Q&A REGARDING CHANGES TO THE

PRICING STRUCTURE OF PUTNAM FUNDS

GENERAL QUESTIONS

What is Putnam announcing?

Shareholder-friendly changes to our mutual fund pricing structure that are designed to provide investors with a host of immediate and long-term pricing benefits. Highlights include:

o Management fees will be reduced from current contractual levels for mutual funds in the following product categories (on average, as of June 30, 2009):

▪ Putnam fixed-income funds – 13% reduction; ranging as high as a 34% reduction

▪ Putnam asset allocation funds – 10% reduction

▪ Putnam RetirementReady Funds – Elimination of “wrap” management fees and other expenses

Why are pricing changes being made at this time?

FOR INTERNAL USE ONLY

For a small number of funds, the management fee rate would be slightly higher under the new management contracts at these asset levels, but by only immaterial amounts. Seven equity funds —Putnam Convertible Income-Growth Trust, Putnam Global Health Care Fund, The Putnam Fund for Growth and Income, Putnam International Equity Fund, Putnam Investors Fund, Putnam Voyager Fund and Putnam Asset Allocation: Growth Portfolio — each would be projected to experience very minor management fee increases of 0.2, 0.5. 0.5, 1.4, 0.2, 1.1 and 0.1 basis points, respectively. (Four of these seven funds — Putnam Voyager Fund, The Putnam Fund for Growth and Income, Putnam International Equity Fund and Putnam Global Health Care Fund — are projected to have lower total expense ratios (TERs) under the new management contracts.)

Will these moves lead to lower total expenses? How many funds and what percentage of shareholders are expected to have lower total expenses as a result of the changes?

On August 1, 2009, compared to a fund’s current “run-rate” TER, the re-pricing plan is expected to result in 34 funds (or 35% of the mutual funds, representing 30% of overall mutual fund assets) declining more than 5 bps. 20 funds (or approximately 20% of the mutual funds, representing only 14% of mutual fund assets) are expected to increase by more than 5 basis points.

If new management contracts (i.e., fund family breakpoints) are approved by shareholders, TERs for funds representing nearly 50% of Putnam mutual fund assets are expected to decline by more than 5 basis points. Also, 11 funds, representing only 8% of Putnam mutual fund assets, would see an increase of 5 basis points or more in TER.

Have Putnam’s expense ratios been higher than those of its peers?

No, Putnam has maintained very competitive total expense ratios on each of its funds relative to the funds’ Lipper peer groups since at least 2004.

When are these pricing changes expected to take effect?
August 1, 2009

- Management fee elimination: Management fees on Putnam’s target-date (RetirementReady^®) funds will be eliminated permanently.

- Management fee reductions through at least July 31, 2010: Significant management fee reductions will take effect for Putnam’s fixed income and asset allocation funds.

January 1, 2010 (assuming favorable shareholder action on new management contracts)

- Lower contractual management fees for virtually all Putnam funds

- Fund family breakpoints for all open-end mutual funds

- Performance fees on U.S. growth funds, international equity funds, and Putnam Global Equity Fund

FOR INTERNAL USE ONLY

What type of approval is needed to implement the changes?

What dates should fund shareholders be aware of?

* * *

PERFORMANCE FEES (FOLLOWING SHAREHOLDER APPROVAL)

How will performance fees work?

Performance fees provide shareholders direct economic alignment with the results of their fund. A fund’s “base” management fee adjusts based on fund performance. If a fund underperforms its benchmark, shareholders pay a reduced management fee, and if the fund outperforms, a greater management fee is charged. The basis point (hundredth of one percent) adjustments to a fund’s base management fee are capped equally on the upside and downside. (See Appendix A for a table showing the proposed funds and maximum annualized performance adjustment rates.)

Are performance fees new to Putnam?

No. Putnam currently has performance fees attached to its new suite of Absolute Return funds and Spectrum funds. Putnam proposes to extend further its philosophy that strong investment performance should be rewarded with higher management fees, while poor performance should command lower management fees, to U.S. growth funds, international equity funds, and Putnam Global Equity Fund —funds for which Putnam believes this fee mechanism is most appropriate. Putnam will continue to monitor whether performance fees would be appropriate for shareholders in other funds.

What period of performance will the fees be based on?

* * *