VOTE BY PHONE CONFIRMATION LETTER
(WRITTEN)
VOTE CONFIRMATION
(Shareholder name & address of record)
Putnam Managed High Yield Trust
Meeting of Shareholders December 5, 1996
Account:
Shares:
Votes Received: (list proposal as on proxy card)
(FOR) (AGAINST) (ABSTAIN)
Dear Shareholder:
In connection with the above-referenced Meeting of Shareholders,
this notice will confirm that your shares have been voted as
indicated in accordance with your telephone instructions. If any
of the information is incorrect, please call 1-800-735-3428
immediately, and in any event no later than 5:00 P.M. Eastern
Daylight Time on December 4, 1996.
Thank you for your cooperation.
Very truly yours,
(Solicitation Agent)
