59706 2/00
Prospectus Supplement
dated February 7, 2000 to:
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Putnam Diversified Income Trust
to Prospectuses dated January 30, 2000
The second paragraph under the heading "Who manages the fund?" is replaced
with the following:
The following officer and the Core Fixed Income Team of Putnam Management
have primary responsibility for the day-to-day management of the fund's
portfolio. Mr. Waldman's length of service to the fund and his experience
as a portfolio manager or investment analyst over at least the last five
years are shown.
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Manager Since Experience
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David L. Waldman 1998 1997-Present Putnam Management
Managing Director 1995-June 1997 Lazard Freres
Prior to Apr. Goldman Sachs
1995
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