PUTNAM MANAGED INCOME TRUST
Prospectus Supplement dated June 1, 1995 to
Defined Contribution Plan Prospectus dated March 1, 1995,
as revised April 1, 1995
The name of the Fund has been changed to Putnam Balanced
Retirement Fund and, as a non-fundamental investment policy,
under normal market conditions the Fund will invest at least 25%
of its assets in fixed-income securities. For this purpose
fixed-income securities include debt securities, preferred stocks
and that portion of the value of convertible securities
attributable to the fixed-income characteristics of those
securities.
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