S:\FUNDS\SUPPLEME\A0YFM.DOC
47184 10/98
Prospectus Supplement
dated October 5, 1998 to:
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PUTNAM U.S. GOVERNMENT INCOME TRUST
Prospectuses dated January 30 , 1998
The third paragraph under the heading "How the fund is managed"
is replaced with the following:
The following officers of Putnam Investment Management, Inc.
("Putnam Management") have had primary responsibility for the day-
to-day management of the fund's portfolio since the years stated
below:
Business experience
Officer Year (at least 5 years)
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Kevin M. Cronin 1998 Employed as an investment
Managing Director professional by Putnam Management
since 1997. Prior to
February, 1997, Mr. Cronin was
a Vice President and Fund
Manager at MFS Investment
Management.
Michael Martino 1994 Employed as an investment professional
Managing Director by Putnam Management since 1994. Prior
to January, 1994, Mr. Martino
was employed by Back Bay
Advisors in the positions of
Executive Vice President and
Chief Investment Officer.
S:\funds\supplement\
