PUTNAM DIVERSIFIED INCOME TRUST
Prospectus Supplement dated May 1, 1995 to
Prospectuses dated December 1, 1994
D. William Kohli, Jennifer Evans Leichter and Michael Martino,
each a Senior Vice President of Putnam Management and Vice
President of the Fund, Neil Powers and Mark J. Siegel, each a
Vice President of Putnam Management and Vice President of the
Fund, have had primary responsibility for the day-to-day
management of the Fund's portfolio, since 1989 in the case of Ms.
Leichter, and since 1994 in the cases of Messrs. Kohli, Martino,
Powers and Siegel. Mr. Kohli has been employed by Putnam
Management since September, 1994. Prior to September, 1994, Mr.
Kohli was Executive Vice President and Co-Director of Global Bond
Management and, from 1988 to 1993, he was Senior Portfolio
Manager at Franklin Advisors/Templeton Investment Counsel. Ms.
Leichter has been employed by Putnam Management since 1987. Mr.
Martino has been employed by Putnam Management since March, 1994.
Prior to March, 1994, Mr. Martino was employed by Back Bay
Advisors as Executive Vice President and Chief Investment Officer
from 1992 to 1994, Senior Vice President and Senior Portfolio
Manager from 1990 to 1992, and Senior Portfolio Manager from 1988
to 1990. Mr. Powers has been employed by Putnam Management since
1986. Mr. Siegel has been employed by Putnam Management since
June, 1993. Prior to June, 1993, Mr. Siegel was Vice President
of Salomon Brothers International Ltd.
