VIA EDGAR
June 6, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
RE: Putnam Master Income Trust
Report on Form N-23C-1
Dear Sirs/Mesdames:
We are filing today, through the EDGAR filing system, a report on
Form N-23C-1 on behalf of Putnam Master Income Trust. The report
sets forth information on the Fund's repurchase of common shares
in the month of May as required by Rule 23c-1(a)(11) under the
Investment Company Act of 1940.
Please call the undersigned at 617/292-1395 with any questions
regarding this filing.
Very truly yours,
/s/ Charles A. Ruys de Perez
Senior Vice President
Putnam Investments, Inc.
