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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Jz708JyiTEDIuj7vD4XM9osVchGhUp4qQwn3DDOvXw4qenavjnNLNWBLxWWu/Bf/
 KvpHhAh4KmKJ9s1IyLPhSQ==

<SEC-DOCUMENT>0000912491-96-000008.txt : 19960828
<SEC-HEADER>0000912491-96-000008.hdr.sgml : 19960828
ACCESSION NUMBER:		0000912491-96-000008
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19960827
SROS:			AMEX

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM INVESTMENT GRADE MUNICIPAL TRUST III
		CENTRAL INDEX KEY:			0000912491
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-07099
		FILM NUMBER:		96621334

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQUARE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		6172921010
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<TEXT>

VOTE BY PHONE CONFIRMATION LETTER
(WRITTEN)

VOTE CONFIRMATION

(Shareholder name & address of record)

PUTNAM INVESTMENT GRADE MUNICIPAL TRUST III
Meeting of Shareholders October 3, 1996
Account:
Shares:

Votes Received: (list proposal as on proxy card)

(FOR) (AGAINST) (ABSTAIN)

Dear Shareholder:

In connection with the above-referenced Meeting of Shareholders,
this notice will confirm that your shares have been voted as
indicated in accordance with your telephone instructions.  If any
of the information is incorrect, please call 1-800-735-3428
immediately, and in any event no later than 5:00 P.M. Eastern
Daylight Time on October 2, 1996.

Thank you for your cooperation.

Very truly yours,
(Solicitation Agent)
     

s:\proxy\working\solicit\IG3phcon
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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