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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000869392-98-000333.txt : 19980721
<SEC-HEADER>0000869392-98-000333.hdr.sgml : 19980721
ACCESSION NUMBER:		0000869392-98-000333
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980720
SROS:			NYSE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM MASTER INCOME TRUST
		CENTRAL INDEX KEY:			0000824463
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				042993219
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		
		SEC FILE NUMBER:	811-05375
		FILM NUMBER:		98668630

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQ
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		6172921562
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<TEXT>

                                   George Putnam
                                   Chairman of the Trustees
                                   The Putnam Funds
                                   One Post Office Square
                                   Boston, Massachusetts
02109


PUTNAM LOGO

(Date)

Dear Shareholder:

You recently received a proxy statement requesting your vote
on important proposals.  Our records show that we have not
received your completed ballot.  Your vote is important.
PLEASE CAST YOUR BALLOT.  We have included another copy of
the proxy ballot and a business reply envelope for your
convenience.

PUTNAM MANAGEMENT AND THE TRUSTEES BELIEVE THAT THESE
PROPOSALS WOULD BE IN THE BEST INTERESTS OF SHAREHOLDERS.

In closing, we ask you to consider the proposals carefully.
Should you have any questions, please consult your financial
advisor or contact a Putnam customer service representative
at 1-800-225-1581.

Sincerely,

/s/George Putnam
George Putnam


s:\proxy\working\solicit\mit2ndma
   
    
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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