Prospectus Supplement 42159 4/98
dated April 6, 1998 to:
_________________________________________________________________
Putnam Diversified Income Trust (the "fund")
Prospectuses dated January 30, 1998
In the section "How the fund is managed," the chart indicating
the officers of Putnam Investment Management, Inc. ("Putnam
Management") that have primary responsibility for the day-to-day
management of the fund is replaced with the following:
Business experience
Year (at least 5 years)
------- -------------------------
D. William Kohli 1994 Employed as an investment
Managing Director professional by Putnam
Management since 1994.
Prior to September, 1994, Mr.
Kohli was Executive Vice
President and Co-Director of
Global Bond Management and,
prior to October, 1993, Senior
Portfolio Manager at Franklin
Advisors/Templeton Investment
Counsel.
Michael Martino 1994 Employed as an investment
Managing Director professional by Putnam
Management since 1994. Prior
to January, 1994, Mr. Martino
was employed by Back Bay
Advisors as Executive Vice
President and Chief Investment
Officer.
Gail S. Attridge 1997 Employed as an investment
Senior Vice President professional by Putnam
Management since 1993.
Prior to November, 1993,
Ms. Attridge was an Analyst
at Keystone Custody
International.
Jennifer Leichter 1998 Employed as an investment
Senior Vice President professional by Putnam
Management since 1987.
Robert M. Paine 1997 Employed as an investment
Senior Vice President professional by Putnam
Management since 1987.
