PUTNAM U.S. GOVERNMENT INCOME TRUST
SUPPLEMENT DATED DECEMBER 9, 1996
TO STATEMENT OF ADDITIONAL INFORMATION
DATED FEBRUARY 1, 1996, AS REVISED AUGUST 7, 1996
On December 6, 1996, the Trustees of the fund approved the
elimination of all of the non-fundamental investment restrictions
listed in the section of this SAI entitled "Investment
Restrictions" except for the following policies, which prohibit
the fund from:
Investing more than 15% of its net assets in any combination
of securities that are not readily marketable, in securities
restricted as to resale (excluding securities determined by
the Trustees (or the person designated by them to make such
determinations) to be readily marketable) or in repurchase
agreements maturing in more than seven days.
Writing covered call options with respect to any part or all
of its portfolio securities.
Job Code 30220
