CONSENT OF INDEPENDENT ACCOUNTANTS
The Board of Trustees and Shareholders
Putnam Investors Fund:
We consent to the use of our report dated August 31, 2000, incorporated
in this Registration Statement by reference, to the Putnam Investors
Fund and to the references to our firm under the captions "Financial
Highlights" in the prospectus and "Independent Accountants and Financial
Statements" in the Statement of Additional Information.
KPMG LLP
/s/ KPMG LLP
Boston, Massachusetts
November 27, 2000
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this
Post-Effective Amendment No. 81 to the registration statement on Form
N-1A (File No. 2-10783) ("Registration Statement") of our report dated
September 11, 1998, relating to the financial statements and financial
highlights appearing in the July 31, 1998 Annual Report of Putnam Investors
Fund, which are also incorporated by reference into the Registration
Statement. We also consent to the references to us under the heading
"Financial highlights" and "Independent Accountants and Financial
Statements" in such Registration Statement.
PricewaterhouseCoopers LLP
/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
November 27, 2000
