TELEPHONE VOTING SCRIPT (OPERATOR READING TO SHAREHOLDER CALLING
IN)
Good (morning) (afternoon) (evening) this is Tritech Services; I
am Operator (name). May I please have the three digit Fund ID
No. which appears on the priority letter?
May I have your four digit PIN No. please? Name and address?
Social Security No.? Number of shares?
I will now read to you the text of the proxy card.
PUTNAM HIGH YIELD ADVANTAGE FUND
Proxy for the Meeting of Shareholders, May 5, 1994.
This Proxy is solicited on behalf of the Trustees of the Fund.
(text of proxy card)
The Trustees recommend a vote FOR electing all of the nominees
for Trustees and for the proposals listed below.
1. Election of Trustees:
Nominees: J. A. Baxter, H.H. Estin, J.A. Hill, E.T.
Kennan, L.J. Lasser, R.E. Patterson, D.S. Perkins, W.F.
Pounds, G. Putnam, G. Putnam, III, A.J.C. Smith, W.N.
Thorndike.
-----
/ /
----- FOR electing all the nominees (except as
marked to the contrary below).
-----
/ /
----- Withhold authority to vote for all nominees.
To withhold authority to vote for an individual
nominee, write that nominee's name below:
-------------------------------------------------------
How do you wish to vote on this item?
2. Ratify the selection of Coopers & Lybrand as auditors.
----- ----- -----
/ / / / / /
---- FOR ---- AGAINST ---- ABSTAIN
How do you wish to vote on this item?
<PAGE>
3. Approve a new Management Contract increasing the management
fees payable to Putnam Investment Management, Inc.
----- ----- -----
/ / / / / /
---- FOR ---- AGAINST ---- ABSTAIN
How do you wish to vote on this item?
4. Approve the elimination of the Fund's fundamental investment
restriction with respect to investments in investment
companies.
----- ----- -----
/ / / / / /
---- FOR ---- AGAINST ---- ABSTAIN
How do you wish to vote on this item?
5. Approve an amendment to the Fund's fundamental investment
restriction with respect to investments in restricted
securities.
----- ----- -----
/ / / / / /
---- FOR ---- AGAINST ---- ABSTAIN
How do you wish to vote on this item?
6. Approve amendments to the Fund's Agreement and Declaration
of Trust to permit the issuance of additional classes of
shares.
----- ----- -----
/ / / / / /
---- FOR ---- AGAINST ---- ABSTAIN
How do you wish to vote on this item?
Thank you. Do you wish to send the entire message?
-----
/ /
---- YES
To repeat your instructions: on item 1 you voted --------------.
on item 2 you voted --------------.
on item 3 you voted --------------.
on item 4 you voted --------------.
on item 5 you voted --------------.
on item 6 you voted --------------.
and you wish to send the entire message
Is this correct?
May we please have your name and phone number where you can be
reached so that we may call back to verify your vote?
Phone Number 1 --------------------
Phone Number 2 --------------------
Thank you.<PAGE>
TELEPHONIC VOTING CONFIRMATION PROCEDURES
After vote has been received from the shareholder, the operator
will call the shareholder and relay the following text:
Good (morning) (afternoon) (evening) this is Tritech
Services; I am Operator (name). I am calling to confirm your
telephonic vote on Putnam High Yield Advantage Fund. Is this
(name of shareholder)? May I please have your Social Security
number?
On item 1, election of Trustees, you voted
(FOR electing all nominees)
(WITHHOLD authority to vote for all nominees)
(to WITHHOLD your vote on the following nominees)
On item 2, Ratifying the selection of Coopers & Lybrand as
auditors, you voted
(FOR) (AGAINST) (ABSTAIN)
On item 3, Approving a new Managment Contract increasing the
management fees payable to Putnam Investment Management, Inc.
you voted
(FOR) (AGAINST) (ABSTAIN)
On item 4, Approving the elimination of the Fund's fundamental
investment restriction with respect to investments in investment
companies, you voted
(FOR) (AGAINST) (ABSTAIN)
On item 5, Approving an amendment to the Fund's fundamental
investment restriction with respect to investments
in restricted securities, you voted
(FOR) (AGAINST) (ABSTAIN)
On item 6, Approving amendments to the Fund's Agreement and
Declaration of Trust to permit the issuance of
additional classes of shares, you voted
(FOR) (AGAINST) (ABSTAIN)
Is this information correct?
(If shareholder response is yes): Thank you, a written
confirmation of your vote will be mailed to you.
(If shareholder response is no): May I have the corrected
information? (The operator makes note of adjusted vote and
confirms the change to the shareholder.) Thank you, a written
confirmation of your vote will be mailed to you.
A15gram2
