Prospectus Supplement 41458 3/98
dated March 13, 1998 to:
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Putnam Diversified Income Trust (the "fund")
Prospectuses dated January 30, 1998
The fourth paragraph under the heading "Distribution Plans"
is replaced with the following:
Putnam Mutual Funds makes quarterly payments to dealers at the
annual rates of 0.25% and 0.40% of the average net asset value of
class B and class M shares, respectively, for which such dealers
are designated as the dealer of record.
