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SEMI-ANNUAL REPORT
(The 4th Term)
From: December 1, 1997
To: May 31, 1998
AMENDMENT TO SECURITIES REGISTRATION STATEMENT
(for NAV sale)
PUTNAM HIGH YIELD ADVANTAGE FUND
SEMI-ANNUAL REPORT
(The 4th Term)
From: December 1, 1997
To: May 31, 1998
PUTNAM HIGH YIELD ADVANTAGE FUND
SEMI-ANNUAL REPORT
(The 4th Term)
From: December 1, 1997
To: May 31, 1998
To: Director of Kanto Local Financial Bureau
Filing
Date: August 31, 1998
Name of the Registrant Trust: PUTNAM HIGH YIELD
ADVANTAGE FUND
Name of Trustees: George Putnam
William F. Pounds
John A. Hill
Jameson A. Baxter
Hans H. Estin
Ronald J. Jackson
Paul L. Joskow
Elizabeth T. Kennan
Lawrence J. Lasser
John H. Mullin, III
Robert E. Patterson
Donald S. Perkins
George Putnam, III
A.J.C. Smith
W. Thomas Stephens
W. Nicholas Thorndike
Address of Principal Office: One Post Office Square
Boston, Massachusetts 02109
U. S. A.
Name and Title of Registration Agent: Harume Nakano
Attorney-at-Law
Signature [Harume Nakano]
(Seal)
Ken Miura
Attorney-at-Law
Signature [Ken Miura]
(Seal)
Address or Place of Business Kasumigaseki Building,
25th Floor 2-5,
Kasumigaseki 3-chome
Chiyoda-ku, Tokyo
Name of Liaison Contact: Harume Nakano
Ken Miura
Attorneys-at-Law
Place of Liaison Contact: Hamada & Matsumoto
Kasumigaseki Building, 25th
Floor 2-5,
Kasumigaseki 3-chome
Chiyoda-ku, Tokyo
- i -
Phone Number: 03-3580-3377
Place where a copy of this Semi-annual Report is available for
Public Inspection
Not Applicable
(Total number of pages of this Semi-annual Report,in Japanese
printing
(including Cover Pages) is 38.)
C O N T E N T S
This
English Japanese
translation Original
I. STATUS OF INVESTMENT FUND
(1) Diversification of Investment Portfolio 1 1
(2) Results of Past Operations 3 2
(a) Record of Changes in Net Assets 3 2
(b) Record of Distributions Paid 3 3
(3) Record of Sales and Repurchases 4 3
II. OUTLINE OF THE TRUST
1. Trust 4 4
(1) Amount of Capital Stock 4 4
(2) Information Concerning Major Shareholders 4 4
(3) Information Concerning Directors, Officers and
Employees 44
(4) Description of Business and Outline of Operation 7
7
(5) Miscellaneous 7 7
2. Putnam Investment Management, Inc.
(Investment Management Company) 7 7
(1) Amount of Capital Stock 7 7
(2) Information Concerning Major Shareholders 8 7
(3) Information Concerning Officers and Employees 8
7
(4) Description of Business and Outline of Operation 19
16
(5) Miscellaneous 33 36
III. OUTLINE OF THE FINANCIAL STATUS OF THE FUND 32
37
IV. OUTLINE OF THE FINANCIAL STATUS OF THE
INVESTMENT MANAGEMENT COMPANY 33 71
Results of Past Operations
(a) Record of Changes in Net Assets (Class M Shares)
Record of changes in net assets at the end of each
of during the one year period up to and including the end
of July, 1998 is as follows:
(b) Record of Distributions Paid (Class M Shares)
Record of distribution paid at the end of each month
during the one year period up to and including July 1998
is as follows:
143.85
Dividend
Month
Dollar
Yen
1997 August
0.080
11.51
September
0.080
11.51
October
0.080
11.51
November
0.080
11.51
December
0.080
11.51
1998 January
0.080
11.51
February
0.080
11.51
March
0.078
11.22
April
0.076
10.93
May
0.076
10.93
June
0.075
10.79
July
0.076
10.93
Note: Operations of Class M Shares were
commenced on December 1, 1994.
(3) Record of Sales and Repurchases (Class M Shares)
Record of sales and repurchases during the one year
period up to and including the end of July, 1998 and
number of outstanding shares of the Fund as of the end of
July, 1998 are as follows:
______________________________________________________________
Number of Number of Number of Out-
Shares Sold Shares Repurchased standing
Shares___
Worldwide 125,402,837 105,798,499 152,331,498
(In Japan)(119,510,740)(101,020,530) (143,734,750)
______________________________________________________________
______
II. OUTLINE OF THE TRUST
1. Trust
(1) Amount of Capital Stock (as of the end of July, 1998)
Not applicable.
(2) Information Concerning Major Shareholders
Not applicable.
(3) Information Concerning Directors, Officers and Employees
(1) Trustees and Officers of the Trust
(as of the filing date)
Shares
Name Office and Resume Owned
Title
George Putnam Chairman present: Chairman and Class A
and Director of Putnam 79,852.95
President Management and 1
Putnam Mutual Funds
Corp.
Director, Marsh &
McLennan Companies,
Inc.
William F. Vice present: Professor Class A
Pounds Chairman Emeritus of 10,194.61
Management, Alfred 4
P. Sloan School of
Management,
Massachusetts
Institute of
Technology
John A. Hill Vice present: Chairman and 200.105
Chairman Managing Director,
First Reserve
Corporation
Jameson Adkins Trustee present: President, Baxter Class A
Baxter Associates, Inc. 3,071.950
Hans H. Estin Trustee present: Vice Chairman, Class A
North American 202.124
Management Corp.
Elizabeth T. Trustee present: President Class A
Kennan Emeritus and 292.224
Professor, Mount
Holyoke College
Lawrence J. Trustee present: President, Chief 0.000
Lasser and Vice Executive Officer
President and Director of
Putnam Investments,
Inc. and Putnam
Director, Marsh &
McLennan
Companies, Inc.
Ronald J. Trustee present: Former Chairman, Class A
Jackson President and Chief 128.966
Executive Officer of
Fisher-Price, Inc.,
Trustee of Salem
Hospital and the
Peabody Essex Museum
Paul L. Joskow Trustee present: Professor of Class A
Economics and 417.658
Management, former
chairman of the
Department of
Economics at the
Massachusetts
Institute of
Technology,
Director, New
England Electric
System, State Farm
Indemnity Company
and Whitehead
Institute for
Biomedical Research
John H. Trustee present: Chairman and Class A
Mullin, III Chief Executive 536.018
Officer of Ridgeway
Farm, Director of
ACX Technologies,
Inc., Alex. Brown
Realty, Inc., and
The Liberty
Corporation
Robert E. Trustee present: President and Class A
Patterson Trustee of Cabot 18,450.94
Industrial Trust and 8
Trustee of
the SEA Education
Association
Donald S. Trustee present: Director of Class A
Perkins various 4,259.698
corporations,
including Cummins
Engine Company,
Lucent Technologies,
Inc., Nanophase
Technologies, Inc.
and Springs
Industries, Inc.
George Putnam, Trustee present: President, New Class A
III Generation Research, 3,175.643
Inc.
A.J.C. Smith Trustee present: Chairman and Class A
Chief Executive 337.201
Officer, Marsh &
McLennan Companies,
Inc.
W. Thomas Trustee present: President and Class A
Stephens Chief Executive 107.311
Officer of MacMillan
Bloedel Ltd.;
Director of Qwest
Communications and
New Century Energies
W. Nicholas Trustee present: Director of Class A
Thorndike various corporations 162.082
and charitable
organizations,
including Data
General Corporation,
Bradley Real Estate,
Inc. and Providence
Journal Co. Trustee
of Cabot Industrial
Trust, Massachusetts
General Hospital and
Eastern Utilities
Associates
Charles E. Executive present: Managing Director 0.000
Porter Vice of Putnam
President Investments, Inc.
and Putnam
Investment
Management
Patricia C. Senior present: Senior Vice Class A
Flaherty Vice President of Putnam 0.000
President Investments, Inc.
and Putnam
Investment
Management
William N. Vice present: Director and 0.000
Shiebler President Senior Managing
Director of Putnam
Investments, Inc.
and President and
Director of Putnam
Mutual Funds
Gordon H. Vice present: Director and Class A
Silver President Senior Managing 3,023.181
Director of Putnam
Investments, Inc.
and Putnam
Management
John D. Hughes Vice present Senior Vice Class A
President President of Putnam 21.235
and Investment
Treasurer Management
Beverly Marcus Clerk and N/A Class A
Assistant 0.000
Treasurer
John R. Verani Vice present: Senior Vice 0.000
President President of Putnam
Management, Inc. and
Putnam Investment
Management
William J. Vice present: Managing Director Class A
Curtin President of Putnam 0.000
Investments, Inc.
and Putnam
Investment
Management
Ian C. Vice present: Senior Managing 2,436.232
Ferguson President Director of Putnam
Investment, Inc. and
Putnam Investment
Management
Edward H. Vice present: Managing Director Class A
D'Alelio President of Investment 0.000
Management Company
Rosemary H. Vice present: Senior Vice 0.000
Thomsen President President of
Investment
Management Company
Senior Vice
President Putnam
Fiduciary Trust
Company
Mary A. Eaton Associate N/A Class A
Treasurer 3,186.64
and 4
Assistant
Clerk
(2) Employees of the Trust
The Trust does not have any employees.
(4) Description of Business and Outline of Operation
The Trust may carry out any administrative or
managerial act, including the purchase, sale,
subscription and exchange of any securities, and the
exercise of all rights directly or indirectly pertaining
to the Fund's assets. The Trust has retained Putnam
Investment Management, Inc., the Fund's investment
management company, to render investment management
services, and Putnam Fiduciary Trust Company to keep the
assets of the Fund in custody and to act as the Investor
Servicing Agent.
(5) Miscellaneous
There has been, or is, no litigation which had or is
reasonably expected to have, a material adverse effect on
the Trust during the six months before the filing of this
report.
2. Putnam Investment Management, Inc. (Investment Management
Company)
(1) Amount of Capital Share (as of the end of July, 1998)
1. Amount of Capital (issued capital stock at par
value):
Common Stock 1,000 shares at $1 par value
2. Number of authorized shares of capital stock:
Common Stock 1,000 shares
3. Number of outstanding shares of capital stock:
Common Stock 1,000 shares
4. Amount of capital (for the purposes of this Item,
"Amount of Capital" means total stockholders' equity
for the past five years):
Amount of Capital
Year (Total Stockholders'
Equity in Thousands)
End of 1992 $42,618,341
End of 1993 $49,847,760
End of 1994 $48,149,491
End of 1995 $45,521,351
End of 1996 $45,817,658
End of 1997 $48,617,160
(2) Information Concerning Major Shareholders
As of the end of July, 1998, all the outstanding shares
of capital stock of Investment Management Company were
owned by Putnam Investments, Inc.
(3) Information Concerning Officers and Employees
The following table lists the names of various officers
and directors of Investment Management Company and their
respective positions with Investment Management Company.
For each named individual, the table lists: (i) any other
organizations (excluding other Investment Management
Company's funds) with which the officer and/or director
has recently had or has substantial involvement; and (ii)
positions held with such organization:
List of Officers and Directors of Putnam Investment
Management, Inc.
Position
with Putnam
Name Investment Other Business Affiliation
Management,
Inc.
Putnam, Chairman Director of Putnam Mutual
George Funds Corp.
Lasser, President
Lawrence J. and Director
Silver, Director and Director of Putnam Fiduciary
Gordon Senior Trust Company, Senior
Managing Administrative Officer and
Director Senior Managing Director of
Putnam Mutual Funds Corp.
Burke, Senior Senior Managing Director of
Robert W. Managing Putnam Mutual Funds Corp.
Director
Collman, Senior Senior Managing Director of
Kathleen M. Managing Putnam Mutual Funds Corp.
Director
Ferguson, Senior
Ian C. Managing
Director
Regan, Senior
Anthony W. Managing
Director
Spiegel, Director and Senior Managing Director of
Steven Senior Putnam Mutual Funds Corp.
Managing
Director
Anderson, Managing
Blake E. Director
Antill, Managing
Jennifer Director
Beck, Managing
Robert R. Director
Bogan, Managing
Thomas R. Director
Browchuk, Managing
Brett Director
Cassaro, Managing
Joseph A. Director
Cotner, C. Managing
Beth Director
Cronin, Managing Managing Director of Putnam
Kevin M. Director Fiduciary Trust Company
Curtin, Managing
William J. Director
D'Alelio, Managing
Edward H. Director
Daly, Managing Managing Director of Putnam
Kenneth L. Director Mutual Funds Corp.
DeTore, Managing Managing Director of Putnam
John A. Director Fiduciary Trust Company
Durgarian, Managing Director and Managing
Karnig H. Director Director of Putnam Fiduciary
Trust Company
Esteves, Managing Treasurer of Putnam
Irene M. Director Fiduciary Trust Company
Gillis, Managing
Roland Director
Haslett, Managing
Thomas R. Director
Hurley, Managing Managing Director and CFO of
William J. Director Putnam Mutual Funds Corp.
Jacobs, Managing
Jerome J. Director
Joseph, Managing
Joseph P. Director
Kamshad, Managing
Omid Director
King, David Managing Managing Director of Putnam
L. Director Mutual Funds Corp.
Kohli, D. Managing
William Director
Kreisel, Managing
Anthony I. Director
Kuenstner, Managing
Deborah F. Director
Landes, Managing
William J. Director
Leichter, Managing
Jennifer Director
Maloney, Managing
Kevin J. Director
Martino, Managing Managing Director of Putnam
Michael Director Fiduciary Trust Company
Maxwell, Managing
Scott M. Director
McGue, Managing
William F. Director
McMullen, Managing
Carol C. Director
Miller, Managing
Daniel L. Director
Morgan Jr., Managing Managing Director of Putnam
John J. Director Fiduciary Trust Company
O'Donnell Managing
Jr., C. Director
Patrick
Peacher, Managing
Stephen C. Director
Porter, Managing
Charles E. Director
Reilly, Managing
Thomas V. Director
Schultz, Managing Managing Director of Putnam
Mitchell D. Director Mutual Funds Corp.
Scott, Managing Managing Director of Putnam
Justin M. Director Fiduciary Trust Company
Shadek Jr., Managing Managing Director of Putnam
Edward T. Director Fiduciary Trust Company
Starr, Managing Managing Director of Putnam
Loren Director Mutual Funds Corp.
Swift, Managing
Robert Director
Talanian, Managing Managing Director of Putnam
John C. Director Mutual Funds Corp.
Tibbetts, Managing Managing Director of Putnam
Richard B. Director Mutual Funds Corp.
Waldman, Managing
David L. Director and
Chief
Financial
Officer
Wetlaufer, Managing Managing Director of Putnam
Eric Director Mutual Funds Corp.
Woolverton, Managing Managing Director of Putnam
William H. Director Mutual Funds Corp.
Zieff, Managing
William E. Director
Arends, Senior Vice Senior Vice President of
Michael K. President Putnam Mutual Funds Corp.
Asher, Senior Vice Senior Vice President of
Steven E. President Putnam Mutual Funds Corp.
and Senior Vice President of
Putnam Fiduciary Trust
Company
Atkin, Senior Vice
Michael J. President
Attridge, Senior Vice Senior Vice President of
Gail S. President Putnam Fiduciary Trust
Company
Augustine, Senior Vice
Jeffrey B. President
Bakshi, Senior Vice
Manjit S. President
Bamford, Senior Vice
Dolores President
Snyder
Baumbach, Senior Vice
Robert K. President
Berka, Senior Vice Senior Vice President of
Sharon A. President Putnam Mutual Funds Corp.
Boselli, Senior Vice
John A. President
Bousa, Senior Vice
Edward P. President
Bresnahan, Senior Vice Senior Vice President of
Leslee R. President Putnam Mutual Funds Corp.
Burke, Senior Vice
Andrea President
Burns, Senior Vice
Cheryl A. President
Byrne, Senior Vice
Joshua L. President
Callahan, Senior Vice
Ellen S. President
Carlson, Senior Vice
David G. President
Chrostowski Senior Vice Senior Vice President of
, Louis F. President Putnam Mutual Funds Corp.
Curran, Senior Vice Senior Vice President of
Peter J. President Putnam Mutual Funds Corp.
Dalferro, Senior Vice
John R. President
Danoff, Ami Senior Vice
K. President
Derbyshire, Senior Vice Senior Vice President of
Ralph C. President Putnam Fiduciary Trust
Company
England, Senior Vice
Richard B. President
Eurkus, Senior Vice
David J. President
Farrell, Senior Vice Senior Vice President of
Deborah S. President Putnam Mutual Funds Corp.
Finch, Ted Senior Vice
President
Fitzgerald, Senior Vice
Michael T. President
Flaherty, Senior Vice Senior Vice President of
Patricia C. President Putnam Mutual Funds Corp.
Fontana, Senior Vice
Forrest N. President
Francis, Senior Vice
Jonathan H. President
Frucci, Senior Vice Senior Vice President of
Richard M. President Putnam Fiduciary Trust
Company
Fullerton, Senior Vice Senior Vice President of
Brian J. President Putnam Mutual Funds Corp.
Grant, Senior Vice Senior Vice President of
Peter J. President Putnam Fiduciary Trust
Company
Graviere, Senior Vice
Patrice President
Grim, Senior Vice
Daniel J. President
Haagensen, Senior Vice
Paul E. President
Hadden, Senior Vice
Peter J. President
Halperin, Senior Vice
Matthew C. President
Healey, Senior Vice
Deborah R. President
Holding, Senior Vice
Pamela President
Hotchkiss, Senior Vice
Michael F. President
Kay, Karen Senior Vice Clerk, Director and Senior
R. President Vice President of Putnam
Fiduciary Trust Company and
Senior Vice President of
Putnam Mutual Funds Corp.
Kirson, Senior Vice
Steven L. President
Knight, Senior Vice
Jeffrey L. President
Kobylarz, Senior Vice
Jeffrey J. President
Koontz, Senior Vice Senior Vice President of
Jill A. President Putnam Mutual Funds Corp.
Korn, Karen Senior Vice
R. President
Lannum III, Senior Vice
Coleman N. President
Lindsey, Senior Vice
Jeffrey R. President
Lomba, Senior Vice Senior Vice President of
Rufino R. President Putnam Mutual Funds Corp.
Lukens, Senior Vice
James W. President
MacElwee, Senior Vice
Elizabeth President
M.
Madore, Senior Vice Senior Vice President of
Robert A. President Putnam Fiduciary Trust
Company
Malloy, Senior Vice
Julie M. President
Marrkand, Senior Vice
Paul E. President
Matteis, Senior Vice
Andrew S. President
McDonald, Senior Vice
Richard E. President
Meehan, Senior Vice
Thalia President
Mehta, Senior Vice
Sandeep President
Mikami, Senior Vice
Darryl K. President
Miller, Senior Vice
William H. President
Minn, Seung Senior Vice
H. President
Mockard, Senior Vice
Jeanne L. President
Morgan, Senior Vice
Kelly A. President
Mufson, Senior Vice
Michael J. President
Mullen, Senior Vice Senior Vice President of
Donald E. President Putnam Mutual Funds Corp.
Mullin, Senior Vice
Hugh H. President
Netols, Senior Vice Senior Vice President of
Jeffrey W. President Putnam Fiduciary Trust
Company
Oler, Senior Vice
Stephen S. President
Paine, Senior Vice
Robert M. President
Parker, Senior Vice
Margery C. President
Perry, Senior Vice
William President
Peters, Senior Vice
Carmel President
Plapinger, Senior Vice Senior Vice President of
Keith President Putnam Mutual Funds Corp.
Pohl, Senior Vice
Charles G. President
Polland, Senior Vice
Mark D. President
Prusko, Senior Vice Senior Vice President of
James M. President Putnam Fiduciary Trust
Company
Quistberg, Senior Vice
Paul T. President
Ray, Senior Vice
Christophe President
r A.
Reeves, Senior Vice
William H. President
Rosalanko, Senior Vice
Thomas J. President
Ruys de Senior Vice Senior Vice President of
Perez, President Putnam Fiduciary Trust
Charles A. Company and Senior Vice
President of Putnam Mutual
Funds Corp.
Santos, Senior Vice Senior Vice President of
David J. President Putnam Fiduciary Trust
Company
Santosus, Senior Vice
Anthony C. President
Schwister, Senior Vice Senior Vice President of
Jay E. President Putnam Fiduciary Trust
Company
Scordato, Senior Vice Senior Vice President of
Christine President Putnam Mutual Funds Corp.
A.
Senter, Senior Vice
Max S. President
Simon, Senior Vice
Sheldon N. President
Simozar, Senior Vice
Saied President
Smith Jr., Senior Vice
Leo J. President
Smith, Senior Vice
Margaret President
D.
Spatz, Senior Vice
Erin J. President
Stack, Senior Vice Senior Vice President of
Michael P. President Putnam Mutual Funds Corp.
Stairs, Senior Vice
George W. President
Strumpf, Senior Vice Senior Vice President of
Casey President Putnam Mutual Funds Corp.
Sullivan, Senior Vice
Roger R. President
Svensson, Senior Vice
Lisa H. President
Swanberg, Senior Vice
Charles H. President
Thomas, Senior Vice
David K. President
Thomsen, Senior Vice Senior Vice President of
Rosemary President Putnam Fiduciary Trust
H. Company
Troped, Senior Vice Senior Vice President of
Bonnie L. President Putnam Mutual Funds Corp.
Turner, Senior Vice
Virginia President
M.
Verani, Senior Vice Senior Vice President of
John R. President Putnam Fiduciary Trust
Company and Senior Vice
President of Putnam Mutal
Funds Corp.
Walsh, Senior Vice
Francis P. President
Warren, Senior Vice
Paul C. President
Weinstein, Senior Vice
Michael R. President
Weiss, Senior Vice
Manuel President
Whalen, Senior Vice Senior Vice President of
Edward F. President Putnam Mutual Funds Corp.
Wheeler, Senior Vice
Diane D.F. President
Wyke, Senior Vice
Richard P. President
Yogg, Senior Vice
Michael R. President
Zukowski, Senior Vice
Gerald S. President
(4) Description of Business and Outline of Operation
Investment Management Company is engaged in the business
of providing investment management and investment
advisory services to mutual funds. As of the end of
July, 1998, Investment Management Company managed,
advised, and/or administered the following 108 funds and
fund portfolios (having an aggregate net asset value of
approximately $276.16 billion):
Fund List for SR and Semi
(As
of
the
end
of
July
1998)
Name Month/Da Principa Total Net
te/Year l Net Asset
Establis Characte Asset Value
hed ristics Value per
($ share
million ($)
)
The George Putnam Fund of 11/5/37 Open/Equ 3,386.2 18.81
Boston; A ity 3
The George Putnam Fund of 4/24/92 Open/Equ 1,303.9 18.66
Boston; B ity 8
The George Putnam Fund of 12/1/94 Open/Equ 276.56 18.66
Boston; M ity
The George Putnam Fund of 1/1/94 Open/Equ 471.50 18.84
Boston; Y ity
Putnam Arizona Tax Exempt 1/30/91 Open/Bon 118.96 9.28
Income Fund; A d
Putnam Arizona Tax Exempt 7/15/93 Open/Bon 31.68 9.27
Income Fund; B d
Putnam Arizona Tax Exempt 7/3/95 Open/Bon 0.52 9.30
Income Fund; M d
Putnam American Government 3/1/85 Open/Bon 1,436.3 8.83
Income Fund; A d 7
Putnam American Government 5/20/94 Open/Bon 40.93 8.80
Income Fund; B d
Putnam American Government 2/14/95 Open/Bon 1.80 8.86
Income Fund; M d
Putnam Asia Pacific Growth 2/20/91 Open/Equ 340.55 9.98
Fund; A ity
Putnam Asia Pacific Growth 6/1/93 Open/Equ 119.38 9.82
Fund; B ity
Putnam Asia Pacific Growth 2/1/95 Open/Equ 6.45 9.92
Fund; M ity
Putnam Asia Pacific Fund 3/23/98 Open/Equ 1.82 6.03
II; A ity
Putnam Asset Allocation: 2/7/94 Open/Bal 943.34 12.01
Balanced Portfolio; A anced
Putnam Asset Allocation: 2/11/94 Open/Bal 535.49 11.95
Balanced Portfolio; B anced
Putnam Asset Allocation: 9/1/94 Open/Bal 102.47 11.89
Balanced Portfolio; C anced
Putnam Asset Allocation: 2/6/95 Open/Bal 62.38 12.00
Balanced Portfolio; M anced
Putnam Asset Allocation: 7/14/94 Open/Bal 250.55 12.02
Balanced Portfolio; Y anced
Putnam Asset Allocation : 2/7/94 Open/Bal 384.75 10.50
Conservative Portfolio; A anced
Putnam Asset Allocation : 2/18/94 Open/Bal 166.74 10.46
Conservative Portfolio; B anced
Putnam Asset Allocation : 9/1/94 Open/Bal 40.94 10.43
Conservative Portfolio; C anced
Putnam Asset Allocation : 2/7/95 Open/Bal 19.39 10.46
Conservative Portfolio; M anced
Putnam Asset Allocation : 7/14/94 Open/Bal 27.87 10.51
Conservative Portfolio; Y anced
Putnam Asset Allocation: 2/8/94 Open/Bal 683.77 13.50
Growth Portfolio; A anced
Putnam Asset Allocation: 2/16/94 Open/Bal 438.32 13.32
Growth Portfolio; B anced
Putnam Asset Allocation: 9/1/94 Open/Bal 101.44 13.21
Growth Portfolio; C anced
Putnam Asset Allocation: 2/1/95 Open/Bal 53.70 13.33
Growth Portfolio; M anced
Putnam Asset Allocation: 7/14/94 Open/Bal 237.76 13.59
Growth Portfolio; Y anced
Putnam Balanced Retirement 4/19/85 Open/Bal 656.45 11.28
Fund; A anced
Putnam Balanced Retirement 2/1/94 Open/Bal 137.70 11.19
Fund; B anced
Putnam Balanced Retirement 3/17/95 Open/Bal 11.33 11.23
Fund; M anced
Putnam California Tax 4/29/83 Open/Bon 3,014.4 8.73
Exempt Income Fund; A d 7
Putnam California Tax 1/4/93 Open/Bon 618.06 8.73
Exempt Income Fund; B d
Putnam California Tax 2/14/95 Open/Bon 13.70 8.73
Exempt Income Fund; M d
Putnam VT George Putnam 4/30/98 Open/Equ 29.77 9.82
Fund; A ity
Putnam VT George Putnam 4/30/98 Open/Equ 0.02 9.82
Fund; B ity
Putnam VT Asia Pacific 5/1/95 Open/Equ 95.47 7.90
Growth Fund; A ity
Putnam VT Asia Pacific 4/30/98 Open/Equ 0.02 7.90
Growth Fund; B ity
Putnam VT Diversified 9/15/93 Open/Bon 673.03 10.97
Income Fund; A d
Putnam VT Diversified 4/6/98 Open/Bon 0.04 10.97
Income Fund; B d
Putnam VT Global Growth 5/1/90 Open/Equ 1,935.1 19.12
Fund; A ity 6
Putnam VT Global Growth 4/30/98 Open/Equ 0.02 19.12
Fund; B ity
Putnam VT Global Asset 2/1/88 Open/Bal 1,035.8 18.40
Allocation Fund; A anced 1
Putnam VT Global Asset 4/30/98 Open/Bal 0.03 18.40
Allocation Fund; B anced
Putnam VT Growth and 2/1/88 Open/Bal 9,327.4 26.88
Income Fund; A anced 8
Putnam VT Growth and 4/6/98 Open/Bal 0.03 26.87
Income Fund; B anced
Putnam VT Health and 4/30/98 Open/Equ 52.91 9.87
Sciences Fund; A ity
Putnam VT Health and 4/30/98 Open/Equ 0.02 9.87
Sciences Fund; B ity
Putnam VT High Yield Fund; 2/1/88 Open/Bon 1,162.6 13.06
A d 1
Putnam VT High Yield Fund; 4/30/98 Open/Bon 0.02 13.06
B d
Putnam VT Money Market 2/1/88 Open/Bon 438.21 1.00
Fund; A d
Putnam VT Money Market 4/30/98 Open/Bon 0.02 1.00
Fund; B d
Putnam VT New 5/2/94 Open/Equ 3,201.5 23.91
Opportunities Fund; A ity 9
Putnam VT New 4/30/98 Open/Equ 0.02 23.91
Opportunities Fund; B ity
Putnam VT OTC & Emerging 4/30/98 Open/Equ 11.45 9.55
Growth Fund; A ity
Putnam VT OTC & Emerging 4/30/98 Open/Equ 0.02 9.55
Growth Fund; B ity
Putnam VT U.S. Government 2/1/88 Open/Bon 844.67 13.25
and High Quality Bond d
Fund; A
Putnam VT U.S. Government 4/30/98 Open/Bon 0.02 13.25
and High Quality Bond d
Fund; B
Putnam VT Utilities Growth 5/1/92 Open/Bal 869.66 16.15
and Income Fund; A anced
Putnam VT Utilities Growth 4/30/98 Open/Bal 0.02 16.15
and Income Fund; B anced
Putnam VT Voyager Fund; A 2/1/88 Open/Equ 5,268.5 41.42
ity 7
Putnam VT Voyager Fund; B 4/30/98 Open/Equ 0.22 41.41
ity
Putnam Capital 8/5/93 Open/Equ 1,591.8 22.68
Appreciation Fund; A ity 9
Putnam Capital 11/2/94 Open/Equ 1,789.3 22.37
Appreciation Fund; B ity 2
Putnam Capital 1/22/96 Open/Equ 120.44 22.42
Appreciation Fund; M ity
Putnam Convertible Income- 6/29/72 Open/Bal 1,153.2 21.81
Growth Trust; A anced 6
Putnam Convertible Income- 7/15/93 Open/Bal 313.97 21.59
Growth Trust; B anced
Putnam Convertible Income- 3/13/95 Open/Bal 19.09 21.66
Growth Trust; M anced
Putnam Diversified Equity 7/1/94 Open/Equ 297.18 14.19
Trust; A ity
Putnam Diversified Equity 7/2/94 Open/Equ 374.05 14.03
Trust; B ity
Putnam Diversified Equity 7/3/95 Open/Equ 28.97 14.08
Trust; M ity
Putnam Diversified Income 10/3/88 Open/Bon 2,066.2 12.50
Trust; A d 9
Putnam Diversified Income 3/1/93 Open/Bon 2,347.1 12.44
Trust; B d 4
Putnam Diversified Income 12/1/94 Open/Bon 1,189.0 12.46
Trust; M d 4
Putnam Diversified Income 7/11/96 Open/Bon 20.64 12.50
Trust ; Y d
Putnam Equity Income Fund; 6/15/77 Open/Bal 1,058.4 16.43
A anced 5
Putnam Equity Income Fund; 9/13/93 Open/Bal 602.87 16.33
B anced
Putnam Equity Income Fund; 12/2/94 Open/Bal 56.74 16.34
M anced
Putnam Europe Growth Fund; 9/7/90 Open/Equ 886.82 24.14
A ity
Putnam Europe Growth Fund; 2/1/94 Open/Equ 723.00 23.54
B ity
Putnam Europe Growth Fund; 12/1/94 Open/Equ 114.33 23.96
M ity
Putnam Florida Tax Exempt 8/24/90 Open/Bon 234.88 9.41
Income Fund; A d
Putnam Florida Tax Exempt 1/4/93 Open/Bon 72.36 9.41
Income Fund; B d
Putnam Florida Tax Exempt 5/1/95 Open/Bon 1.34 9.41
Income Fund; M d
Putnam High Quality Bond 6/2/86 Open/Bon 327.17 10.14
Fund; A d
Putnam High Quality Bond 6/6/94 Open/Bon 19.35 10.10
Fund; B d
Putnam High Quality Bond 4/12/95 Open/Bon 1.36 10.14
Fund; M d
Putnam Global Governmental 6/1/87 Open/Bon 255.10 12.67
Income Trust; A d
Putnam Global Governmental 2/1/94 Open/Bon 35.66 12.63
Income Trust; B d
Putnam Global Governmental 3/17/95 Open/Bon 265.02 12.60
Income Trust; M d
Putnam Global Growth Fund; 9/1/67 Open/Equ 3,187.6 12.13
A ity 9
Putnam Global Growth Fund; 4/27/92 Open/Equ 1,971.0 11.69
B ity 9
Putnam Global Growth Fund; 3/1/95 Open/Equ 55.67 12.03
M ity
Putnam Global Growth Fund; 6/15/94 Open/Equ 66.99 12.32
Y ity
Putnam Growth Fund; A 4/30/98 Open/Equ 2.06 8.68
ity
Putnam Growth and Income 1/5/95 Open/Bal 1,215.1 14.45
Fund II; A anced 8
Putnam Growth and Income 1/5/95 Open/Bal 1,451.8 14.34
Fund II; B anced 8
Putnam Growth and Income 1/5/95 Open/Bal 167.30 14.39
Fund II; M anced
The Putnam Fund for Growth 11/6/57 Open/Bal 19,172. 20.81
and Income; A anced 52
The Putnam Fund for Growth 4/27/92 Open/Bal 16,242. 20.55
and Income; B anced 41
The Putnam Fund for Growth 5/1/95 Open/Bal 429.41 20.69
and Income; M anced
The Putnam Fund for Growth 6/15/94 Open/Bal 868.34 20.84
and Income; Y anced
Putnam High Yield 3/25/86 Open/Bon 1,545.1 9.88
Advantage Fund; A d 9
Putnam High Yield 5/16/94 Open/Bon 1,308.8 9.84
Advantage Fund; B d 4
Putnam High Yield 12/1/94 Open/Bon 1,520.2 9.87
Advantage Fund; M d 4
Putnam High Yield Trust; A 2/14/78 Open/Bon 3,224.6 12.86
d 9
Putnam High Yield Trust; B 3/1/93 Open/Bon 1,182.0 12.81
d 6
Putnam High Yield Trust; M 7/3/95 Open/Bon 22.03 12.86
d
Putnam Health Sciences 5/28/82 Open/Equ 2,570.3 62.44
Trust; A ity 0
Putnam Health Sciences 3/1/93 Open/Equ 1,447.9 60.43
Trust; B ity 2
Putnam Health Sciences 7/3/95 Open/Equ 64.18 61.74
Trust; M ity
Putnam Income Fund; A 11/1/54 Open/Bon 1,422.8 7.09
d 1
Putnam Income Fund; B 3/1/93 Open/Bon 470.81 7.06
d
Putnam Income Fund; M 12/14/94 Open/Bon 1,173.3 7.06
d 6
Putnam Income Fund; Y 2/12/94 Open/Bon 246.12 7.10
d
Putnam Intermediate U.S. 2/16/93 Open/Bon 142.25 4.92
Government Income Fund; A d
Putnam Intermediate U.S. 2/16/93 Open/Bon 80.72 4.92
Government Income Fund; B d
Putnam Intermediate U.S. 4/3/95 Open/Bon 6.87 4.93
Government Income Fund; M d
Putnam Intermediate U.S. 10/1/97 Open/Bon 109.64 4.92
Government Income Fund; Y d
Putnam International New 1/3/95 Open/Equ 816.25 13.41
Opportunities Fund; A ity
Putnam International New 7/21/95 Open/Equ 1,037.6 13.17
Opportunities Fund; B ity 7
Putnam International New 7/21/95 Open/Equ 82.65 13.26
Opportunities Fund; M ity
Putnam Investors Fund; A 12/1/25 Open/Equ 3,204.9 13.67
ity 4
Putnam Investors Fund; B 3/1/93 Open/Equ 973.72 13.16
ity
Putnam Investors Fund; M 12/2/94 Open/Equ 87.50 13.47
ity
Putnam Investors Fund; Y 11/30/96 Open/Equ 204.66 13.69
ity
Putnam Latin America Fund; 3/23/98 Open/Equ 1.78 7.02
A ity
Putnam Massachusetts Tax 10/23/89 Open/Bon 295.06 9.59
Exempt Income Fund; A d
Putnam Massachusetts Tax 7/15/93 Open/Bon 107.94 9.58
Exempt Income Fund; B d
Putnam Massachusetts Tax 5/12/95 Open/Bon 2.52 9.58
Exempt Income Fund; M d
Putnam Michigan Tax Exempt 10/23/89 Open/Bon 145.78 9.32
Income Fund; A d
Putnam Michigan Tax Exempt 7/15/93 Open/Bon 41.71 9.30
Income Fund; B d
Putnam Michigan Tax Exempt 4/17/95 Open/Bon 1.92 9.31
Income Fund; M d
Putnam Minnesota Tax 10/23/89 Open/Bon 102.16 9.18
Exempt Income Fund; A d
Putnam Minnesota Tax 7/15/93 Open/Bon 44.55 9.15
Exempt Income Fund; B d
Putnam Minnesota Tax 4/3/95 Open/Bon 1.45 9.18
Exempt Income Fund; M d
Putnam Money Market Fund; 10/1/76 Open/Bon 2,289.3 1.00
A d 7
Putnam Money Market Fund; 4/27/92 Open/Bon 471.77 1.00
B d
Putnam Money Market Fund; 12/8/94 Open/Bon 76.79 1.00
M d
Putnam Municipal Income 5/22/89 Open/Bon 822.16 9.28
Fund; A d
Putnam Municipal Income 1/4/93 Open/Bon 495.00 9.27
Fund; B d
Putnam Municipal Income 12/1/94 Open/Bon 14.53 9.28
Fund; M d
Putnam New Jersey Tax 2/20/90 Open/Bon 215.23 9.29
Exempt Income Fund; A d
Putnam New Jersey Tax 1/4/93 Open/Bon 96.40 9.28
Exempt Income Fund; B d
Putnam New Jersey Tax 5/1/95 Open/Bon 0.67 9.29
Exempt Income Fund; M d
Putnam New York Tax Exempt 9/2/83 Open/Bon 1,639.7 8.96
Income Fund; A d 3
Putnam New York Tax Exempt 1/4/93 Open/Bon 226.60 8.95
Income Fund; B d
Putnam New York Tax Exempt 4/10/95 Open/Bon 2.25 8.96
Income Fund; M d
Putnam New York Tax Exempt 11/7/90 Open/Bon 165.90 9.16
Opportunities Fund; A d
Putnam New York Tax Exempt 2/1/94 Open/Bon 65.86 9.15
Opportunities Fund; B d
Putnam New York Tax Exempt 2/10/95 Open/Bon 2.49 9.14
Opportunities Fund; M d
Putnam Global Natural 7/24/80 Open/Equ 191.56 18.05
Resources Fund; A ity
Putnam Global Natural 2/1/94 Open/Equ 128.74 17.73
Resources Fund; B ity
Putnam Global Natural 7/3/95 Open/Equ 6.87 17.90
Resources Fund; M ity
Putnam New Opportunities 8/31/90 Open/Equ 9,864.9 55.55
Fund; A ity 3
Putnam New Opportunities 3/1/93 Open/Equ 7,613.6 53.34
Fund; B ity 4
Putnam New Opportunities 12/1/94 Open/Equ 427.64 54.54
Fund; M ity
Putnam New Opportunities 7/19/94 Open/Equ 467.79 56.15
Fund; Y ity
Putnam Ohio Tax Exempt 10/23/89 Open/Bon 183.99 9.21
Income Fund; A d
Putnam Ohio Tax Exempt 7/15/93 Open/Bon 53.92 9.20
Income Fund; B d
Putnam Ohio Tax Exempt 4/3/95 Open/Bon 2.24 9.21
Income Fund; M d
Putnam OTC & Emerging 11/1/82 Open/Equ 2,491.7 17.35
Growth Fund; A ity 4
Putnam OTC & Emerging 7/15/93 Open/Equ 1,233.5 16.61
Growth Fund; B ity 1
Putnam OTC & Emerging 12/2/94 Open/Equ 232.57 16.99
Growth Fund; M ity
Putnam OTC & Emerging 7/12/96 Open/Equ 99.29 17.46
Growth Fund; Y ity
Putnam International 2/28/91 Open/Equ 2,025.2 20.54
Growth Fund; A ity 8
Putnam International 6/1/94 Open/Equ 1,332.8 20.14
Growth Fund; B ity 5
Putnam International 12/1/94 Open/Equ 151.19 20.37
Growth Fund; M ity
Putnam International 7/12/96 Open/Equ 156.71 20.59
Growth Fund; Y ity
Putnam Pennsylvania Tax 7/21/89 Open/Bon 185.07 9.40
Exempt Income Fund; A d
Putnam Pennsylvania Tax 7/15/93 Open/Bon 90.79 9.39
Exempt Income Fund; B d
Putnam Pennsylvania Tax 7/3/95 Open/Bon 2.10 9.41
Exempt Income Fund; M d
Putnam Preferred Income 1/4/84 Open/Bon 124.44 9.16
Fund; A d
Putnam Preferred Income 4/20/95 Open/Bon 11.54 9.13
Fund; M d
Putnam Tax - Free Income 9/20/93 Open/Bon 934.77 14.61
Trust d
Tax - Free High Yield
Fund; A
Putnam Tax - Free Income 9/9/85 Open/Bon 1,053.3 14.62
Trust d 6
Tax - Free High Yield Fund
B
Putnam Tax - Free Income 12/29/94 Open/Bon 18.07 14.61
Trust d
Tax - Free High Yield Fund
M
Putnam Tax - Free Income 9/30/93 Open/Bon 231.17 15.40
Trust d
Tax - Free Insured Fund; A
Putnam Tax - Free Income 9/9/85 Open/Bon 336.42 15.42
Trust d
Tax - Free Insured Fund; B
Putnam Tax - Free Income 6/1/95 Open/Bon 1.86 15.40
Trust d
Tax - Free Insured Fund; M
Putnam Tax Exempt Income 12/31/76 Open/Bon 1,984.9 9.18
Fund; A d 1
Putnam Tax Exempt Income 1/4/93 Open/Bon 247.03 9.18
Fund; B d
Putnam Tax Exempt Income 2/16/95 Open/Bon 10.02 9.20
Fund; M d
Putnam Tax Exempt Money 10/26/87 Open/Bon 74.94 1.00
Market Fund d
Putnam U.S. Government 2/8/84 Open/Bon 2,048.0 13.07
Income Trust; A d 9
Putnam U.S. Government 4/27/92 Open/Bon 1,215.5 13.01
Income Trust; B d 1
Putnam U.S. Government 2/6/95 Open/Bon 175.80 13.04
Income Trust; M d
Putnam U.S. Government 4/11/94 Open/Bon 6.27 13.06
Income Trust; Y d
Putnam Utilities Growth 11/19/90 Open/Bal 746.15 12.99
and Income Fund; A anced
Putnam Utilities Growth 4/27/92 Open/Bal 687.45 12.91
and Income Fund; B anced
Putnam Utilities Growth 3/1/95 Open/Bal 10.58 12.97
and Income Fund; M anced
Putnam Value Fund 4/30/98 Open/Equ 1.91 8.07
ity
Putnam Vista Fund; A 6/3/68 Open/Equ 3,281.9 13.49
ity 3
Putnam Vista Fund; B 3/1/93 Open/Equ 1,586.9 12.89
ity 7
Putnam Vista Fund; M 12/1/94 Open/Equ 128.40 13.22
ity
Putnam Vista Fund; Y 3/28/95 Open/Equ 287.97 13.64
ity
Putnam Voyager Fund II; A 4/14/93 Open/Equ 662.92 21.53
ity
Putnam Voyager Fund II; B 10/2/95 Open/Equ 619.59 21.08
ity
Putnam Voyager Fund II; M 10/2/95 Open/Equ 73.15 21.25
ity
Putnam Voyager Fund; A 4/1/96 Open/Equ 13,855. 21.36
ity 13
Putnam Voyager Fund; B 4/27/92 Open/Equ 7,260.4 20.14
ity 1
Putnam Voyager Fund; M 12/1/94 Open/Equ 322.45 20.93
ity
Putnam Voyager Fund; Y 4/1/94 Open/Equ 1,476.5 21.66
ity 2
Putnam California 11/27/92 Closed/B 87.47 15.50
Investment Grade Municipal ond
Trust
Putnam Convertible 6/29/95 Closed/B 99.86 26.96
Opportunities and Income ond
Trust
Putnam Dividend Income 9/28/89 Closed/B 127.94 11.82
Fund ond
Putnam High Income 7/9/87 Closed/B 131.10 9.71
Convertible and Bond Fund ond
Putnam Investment Grade 10/26/89 Closed/B 388.05 11.94
Municipal Trust; A ond
Putnam Investment Grade 11/27/92 Closed/B 252.37 14.17
Municipal Trust II; A ond
Putnam Investment Grade 11/29/93 Closed/B 63.66 13.38
Municipal Trust III; A ond
Putnam Managed High Yield 6/25/93 Closed/B 4,428.7 14.71
Trust ond 9
Putnam Managed Municipal 2/24/89 Closed/B 628.19 9.82
Income Trust; A ond
Putnam Master Income Trust 12/28/87 Closed/B 484.64 9.13
ond
Putnam Master Intermediate 4/29/88 Closed/B 854.60 8.54
Income Trust ond
Putnam Municipal 5/28/93 Closed/B 349.50 14.13
Opportunities Trust; A ond
Putnam New York Investment 11/27/92 Closed/B 50.18 14.10
Grade Municipal Trust ond
Putnam Premier Income 2/29/88 Closed/B 1,221.7 8.71
Trust ond 2
Putnam Tax - Free Heath 6/29/92 Closed/B 205.96 14.92
Care Fund ond
Putnam Growth 10/2/95 Open/Equ 286.91 16.99
Opportunities; A ity
Putnam Growth 8/1/97 Open/Equ 298.06 16.87
Opportunities; B ity
Putnam Growth 8/1/97 Open/Equ 24.69 16.91
Opportunities; M ity
Putnam Strategic Income 2/19/95 Open/Bon 66.76 8.49
Fund; A d
Putnam Strategic Income 2/19/96 Open/Bon 100.93 8.49
Fund; B d
Putnam Strategic Income 2/19/96 Open/Bon 8.87 8.48
Fund; M d
Putnam High Yield Total 1/1/97 Open/Bon 40.50 8.76
Return Fund; A d
Putnam High Yield Total 1/1/97 Open/Bon 47.05 8.65
Return Fund; B d
Putnam High Yield Total 1/1/97 Open/Bon 3.54 8.67
Return Fund; M d
Putnam VT International 1/1/97 Open/Bal 313.04 13.31
Growth and Income; A anced
Putnam VT International 4/6/98 Open/Bal 0.03 13.31
Growth and Income; B anced
Putnam VT International 1/1/97 Open/Equ 142.13 11.94
New Opportunities Fund; A ity
Putnam VT International 4/30/98 Open/Equ 0.02 11.94
New Opportunities Fund; B ity
Putnam VT International 1/1/97 Open/Equ 294.20 14.06
Growth Fund; A ity
Putnam VT International 4/30/98 Open/Equ 0.03 14.06
Growth Fund; B ity
Putnam VT Investors Fund; 4/30/98 Open/Equ 68.33 10.49
A ity
Putnam VT Investors Fund; 4/30/98 Open/Equ 0.02 10.49
B ity
Putnam Balanced Fund 10/2/95 Open/Bal 3.31 12.53
anced
Putnam Emerging Markets 10/2/95 Open/Equ 43.49 8.41
Fund; A ity
Putnam Emerging Markets 10/2/95 Open/Equ 32.69 8.30
Fund; B ity
Putnam Emerging Markets 10/2/95 Open/Equ 3.03 8.33
Fund; M ity
Putnam California Tax 10/26/87 Open/Bon 43.73 1.00
Exempt Money Market Fund d
Putnam High Yield 5/25/89 Closed/B 247.39 9.22
Municipal Trust ond
Putnam New York Tax Exempt 10/26/87 Open/Bon 39.92 1.00
Money Market Fund d
Putnam International 8/1/96 Open/Equ 418.88 12.27
Growth and Income Fund; A ity
Putnam International 8/1/96 Open/Equ 422.65 12.19
Growth and Income Fund; B ity
Putnam International 8/1/96 Open/Equ 38.61 12.23
Growth and Income Fund; M ity
Putnam Research Fund; A 10/2/95 Open/Equ 88.27 13.50
ity
Putnam Research Fund; B 6/15/98 Open/Equ 64.12 13.49
ity
Putnam Research Fund; M 6/15/98 Open/Equ 6.95 13.50
ity
Putnam New Value Fund; A 1/3/96 Open/Equ 426.05 14.29
ity
Putnam New Value Fund; B 2/26/96 Open/Equ 437.33 14.13
ity
Putnam New Value Fund; M 2/26/96 Open/Equ 44.78 14.20
ity
Putnam Global Growth and 1/3/95 Open/Equ 23.67 13.19
Income Fund; A ity
Putnam Global Growth and 1/3/95 Open/Equ 18.28 13.15
Income Fund; B ity
Putnam Global Growth and 1/3/95 Open/Equ 2.07 13.16
Income Fund; M ity
Putnam International Fund 12/28/95 Open/Equ 4.43 11.38
ity
Putnam Japan Fund 12/28/95 Open/Equ 2.12 4.88
ity
Putnam International 12/28/95 Open/Equ 107.08 14.34
Voyager Fund; A ity
Putnam International 10/30/96 Open/Equ 82.48 14.20
Voyager Fund; B ity
Putnam International 10/30/96 Open/Equ 9.93 14.26
Voyager Fund; M ity
Putnam VT New Value Fund; 1/2/97 Open/Equ 241.47 11.59
A ity
Putnam VT New Value Fund; 4/30/98 Open/Equ 0.02 11.59
B ity
Putnam VT Vista Fund; A 1/2/97 Open/Equ 264.54 13.97
ity
Putnam VT Vista Fund; B 4/30/98 Open/Equ 0.03 13.97
ity
Putnam Equity 98 Fund 12/30/97 Open/Equ 4.93 9.94
ity
Putnam High Yield Fund II; 12/31/97 Open/Bon 278.81 8.90
A d
Putnam High Yield Fund II; 12/31/97 Open/Bon 428.41 8.88
B d
Putnam High Yield Fund II; 12/31/97 Open/Bon 20.29 8.88
M d
(5) Miscellaneous
There has been, or is, no litigation which caused or is
reasonably expected to cause, a material adverse effect
on the Fund and/or the Investment Management Company
during the six months before the filing of this report.
III. OUTLINE OF THE FINANCIAL STATUS OF THE FUND
[Translation of Unaudited Semi-annual Accounts will be
attached.]
IV. OUTLINE OF THE FINANCIAL STATUS OF THE INVESTMENT
MANAGEMENT COMPANY
[Translation of Unaudited Semi-annual Accounts will be
attached.]
AMENDMENT TO SECURITIES REGISTRATION STATEMENT
(for NAV sale)
PUTNAM HIGH YIELD ADVANTAGE FUND
AMENDMENT TO SECURITIES REGISTRATION STATEMENT
To: Director of Kanto Local Financial Bureau
Filing
Date: August 31, 1998
Name of the Registrant Trust: PUTNAM HIGH YIELD
ADVANTAGE FUND
Name of Trustees: George Putnam
William
F. Pounds
John A.
Hill
Jameson
A. Baxter
Hans H.
Estin
Ronald
J. Jackson
Paul L.
Joskow
Elizabeth T. Kennan
Lawrence J. Lasser
John H.
Mullin, III
Robert
E. Patterson
Donald
S. Perkins
George
Putnam, III
A.J.C.
Smith
W.
Thomas Stephens
W.
Nicholas Thorndike
Address of Principal Office: One Post Office Square
Boston,
Massachusetts 02109
U. S.
A.
Name and Title of Registration Agent: Harume Nakano
Attorney-at-Law
Signature [Harume Nakano]
(Seal)
Ken
Miura
Attorney-at-Law
Signature [Ken Miura]
(Seal)
Address or Place of Business Kasumigaseki Building,
25th Floor
2-5,
Kasumigaseki 3-chome
Chiyoda-
ku, Tokyo
Name of Liaison Contact: Harume Nakano
Ken
Miura
Attorneys-at-Law
Place of Liaison Contact: Hamada & Matsumoto
Kasumigaseki Building, 25th
Floor
2-5,
Kasumigaseki 3-chome
Chiyoda-
ku, Tokyo
- i -
Phone Number: 03-3580-3377
Public Offering or Sale for Registration
Name of the Fund Making Public PUTNAM HIGH YIELD
Offering or Sale of Foreign ADVANTAGE FUND
Investment Fund Securities:
Type and Aggregate Amount of Up to 78 million Class M
Shares
Foreign Investment Fund Securities Up to the total
amount aggregating
to be Publicly Offered or Sold: the amounts calculated
by multiplying the respective
net asset value per Class M
Share by the respective number
of Class M Shares in respect of
78 million Class M Shares
(The
maximum amount expected to be
sold is 769,860,000 U.S. dollars
(Yen111 billion).
Note 1: U.S.$ amount is translated into Japanese Yen at the
rate of U.S.$l.00=Yen143.85 the mean of the exchange
rate quotations by The Bank of Tokyo-Mitsubishi, Ltd.
for buying and selling spot dollars by telegraphic
transfer against yen on July 31, 1998.
Note 2: The maximum amount expected to be sold is an amount
calculated by multiplying the net asset value per Class
M Share as of the end of July, 1998 (U.S.$9.87) by 78
million Class M Shares for convenience.
Places where a copy of this Amendment to Securities
Registration
Statement is available for Public Inspection
Not applicable.
(Total number of sheets of this Amendment to Securities
Registration Statement in Japanese is
2 including front and back pages.)
I. Reason For Filing This Amendment To Securities
Registration Statement:
This statement purports to amend and update the relevant
information of the Securities Registration Statement
("SRS") filed on 15th April, 1998 due to the fact that
the aforementioned Semi-annual Report was filed today.
The exchange rates used in this statement to translate
the amended amounts of foreign currencies are different
from those used before these amendments, as the latest
exchange rates are used in this statement.
II. Contents of the Amendments:
Part II. INFORMATION ON THE ISSUER (page 3 of the original
Japanese SRS)
The following matters in the original Japanese SRS are
amended to have the same contents as those provided in
the following items of the aforementioned Semi-annual
Report:
Before amendment After amendment
[Original Japanese SRS] [Aforementioned Semi-annual
Report]
I. Description of the Fund I. Status of Investment
5. Status of Investment Portfolio of the Fund
Portfolio
(A) Diversification of (1 Diversification of
Investment Portfolio ) Investment Portfolio
(the aforementioned
Japanese Semi-annual
Report, page 1)
(B) Results of Past Operations (2 Results of Past Operations
)
Record of Changes in Net Record of Changes in Net
(1) Assets (Class M Shares) a) Assets (Class M Shares)
(Regarding the amounts as (Ditto, page 2)
at the end of each month (Regarding the amounts as
during one-year period of the end of each month
from, and including, the during one-year period
latest relevant date from, and including, the
appertaining to the filing latest relevant date
date of the original appertaining to the filing
Japanese SRS) date of the afore mentioned
Semi-annual Report)
Record of Distributions Record of Distributions
(2) Paid (Class M Shares) b) Paid (Class M Shares)
(Regarding the dividends (Ditto, page 3)
paid at the end of each (Regarding the dividends
month up to the latest paid at the end of each
relevant date of the month up to the latest
original Japanese SRS) relevant date of the afore
mentioned Semi-annual
Report)
II. Outline of the Trust II Outline of the Trust
.
1. Trust 1. Trust
(E) Amount of Capital Share (1 Amount of Capital Share
) (Ditto, page 4)
(G) Information Concerning (2 Information Concerning
Major Shareholders ) Major Shareholders (Ditto,
page 4)
(H) Information Concerning (3 Information Concerning
Directors, Officers and ) Directors, Officers and
Employees Employees (Ditto, page 4)
(I) Description of Business and (4 Description of Business and
Outline of Operation ) Outline of Operation
(Ditto, page 7)
2. Putnam Investment 2. Putnam Investment
Management, Inc. Management, Inc.
(Investment Management (Investment Management
Company) Company)
(E) Amount of Capital Share (1 Amount of Capital Share
) (Ditto, page 7)
(G) Information Concerning (2 Information Concerning
Major Shareholders ) Major Shareholders (Ditto,
page 7)
(H) Information Concerning (3 Information Concerning
Officers and Employees ) Officers and Employees
(Ditto, page 7)
(I) Description of Business and (4 Description of Business and
Outline of Operation ) Outline of Operation
(Ditto, page 16)
With respect to Section IV the Financial Conditions of
the Fund in the original SRS, Item III Financial
Conditions of the Fund in the aforementioned Semi-annual
Report (Ditto, from page 37 and 70) is added to the
original SRS.
Part III. SPECIAL INFORMATION (page 4 of the original Japanese
SRS)
With respect to Section II the Financial Conditions of
the Investment Management Company in the original SRS,
Item IV Financial Conditions of the Investment Management
Company in the aforementioned Semi-annual Report (Ditto,
page 71 and 72) is added to the original SRS.
