PUTNAM DIVERSIFIED INCOME TRUST
497, 1994-10-25
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                      PUTNAM DIVERSIFIED INCOME TRUST

              Prospectus Supplement dated October 24, 1994 to
                     Prospectus dated February 1, 1994

The Trustees have approved a proposal to temporarily waive sales
charges on Class A shares of the Fund for shareholders investing
redemption proceeds received within the preceding ninety days
from other front-end load funds (excluding other Putnam funds). 
This waiver is currently expected to apply through November 30,
1994.  No commissions will be paid to brokers on such purchases.



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