Items 74K and 74P (for certain funds as listed below)

74k)On September 15, 2008, the following fund terminated its
outstanding derivatives contracts with Lehman Brothers Special
Financing, Inc. (LBSF) in connection with the bankruptcy filing
of LBSFs parent company, Lehman Brothers Holdings, Inc. On
September 26, 2008, the fund entered into receivable purchase
agreements (Agreements) with other registered investment
companies (each a Purchaser) managed by Putnam Management. Under
the Agreements, the fund sold to the Purchasers the funds right
to receive, in the aggregate, the following amount in net
payments from LBSF in connection with certain terminated
derivatives transactions (the Receivable), in each case in
exchange for an initial payment plus (or minus) additional
amounts based on the applicable Purchasers ultimate realized gain
(or loss) on the Receivable. The Agreements, which are included
in the Statement of assets and liabilities, are valued at fair
value following procedures approved by the Trustees. All
remaining payments under the agreement will be recorded as
realized gain or loss.

					Amount fund sold to
Fund name 				the Purchaser
Putnam VT High Yield Fund       	$3,538,401

74k) On September 15, 2008, the following funds terminated its
outstanding derivatives contracts with Lehman Brothers Special
Financing, Inc. (LBSF) in connection with the bankruptcy filing
of LBSFs parent company, Lehman Brothers Holdings, Inc. On
September 26, 2008, the fund entered into a receivable purchase
agreement (Agreement) with another registered investment company
(the Purchaser) managed by Putnam Management. Under the
Agreement, the fund sold to the Purchaser the funds right to
receive, in the aggregate, the following amounts in net payments
from LBSF in connection with certain terminated derivatives
transactions (the Receivable), in exchange for an initial payment
plus (or minus) additional amounts based on the applicable
Purchasers ultimate realized gain (or loss) on the Receivable.
The Agreement, which is included in the Statement of assets and
liabilities, is valued at fair value following procedures
approved by the Trustees. All remaining payments under the
Agreement will be recorded as realized gain or loss.


					Amount fund sold to
Fund name 				the Purchaser
Putnam VT International Equity Fund     $577,377
Putnam VT International Growth Fund      182,958
Putnam VT International Value Fund       633,668

74p) On September 15, 2008, the following funds terminated its
outstanding derivatives contracts with Lehman Brothers Special
Financing, Inc. (LBSF) in connection with the bankruptcy filing
of LBSFs parent company, Lehman Brothers Holdings, Inc. On
September 26, 2008, the fund entered into a receivable purchase
agreement (Agreement) with another registered investment company
(the Seller) managed by Putnam Management. Under the Agreement,
the Seller sold to the fund the right to receive, in the
aggregate, the following amounts in net payments from LBSF in
connection with certain terminated derivatives transactions (the
Receivable), in exchange for an initial payment plus (or minus)
additional amounts based on the funds ultimate realized gain (or
loss) with respect to the Receivable. The Receivable will be
offset against the funds net payable to LBSF and is included in
the Statement of assets and liabilities in Payable for
investments purchased. Future payments under the Agreement are
valued at fair value following procedures approved by the
Trustees and are included in the Statement of assets and
liabilities. All remaining payments under the Agreement will be
recorded as realized gain or loss. The funds net payable to LBSF
was calculated in accordance with the funds master contract with
LBSF. Each fund has accrued interest on the net payable, which is
included in the Statement of operations in Interest expense.
Putnam Management currently is in discussions with LBSF regarding
resolution of amounts payable to LBSF. Amounts recorded are
estimates and final payments may differ from these estimates by a
material amount.

							Amount of
 							receivable offset
				Amount seller sold	against the funds
Fund name 			to the fund		net payable


Putnam VT American Government
Income Fund 			$251,354 		$1,405,002
Putnam VT Diversified Income
Fund 				 648,551 		 4,066,657
Putnam VT The George Putnam Fund
of Boston 			 538,710 		10,185,212
Putnam VT Global Asset Allocation
Fund 				 443,188 		 6,008,394
Putnam VT Global Equity Fund 	 563,743 		   815,485
Putnam VT Income Fund 		 843,827 		50,118,162


Item 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.