VIA EDGAR
February 2, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: Putnam Asset Allocation Funds (Reg. No. 33-51017)
(811-7121) (the "Trust")
Ladies and Gentlemen:
Pursuant to Rule 497(j) under the Securities Act of 1933, as
amended, the Trust hereby certifies that the forms of Class A,B,M
shares, Defined Contribution Plans and Class Y prospectuses and
Statement of Additional Information that would have been filed on
behalf of the Trust pursuant to Rule 497(c) upon the
effectiveness of Post-Effective Amendment No. 2 to the Trust's
Registration Statement on Form N-1A (the "Amendment") would not
have differed from that contained in the Amendment, which is the
most recent amendment to such Registration Statement and was
filed electronically on January 31, 1995.
Comments or questions concerning this certificate may be
directed to Frederick S. Marius at 1-800-225-2465, ext. 1796.
Very truly yours,
Putnam Asset Allocation Funds
/s/ Gordon H. Silver
By: ----------------------------------
Gordon H. Silver
Vice President
cc: Bryan Chegwidden, Esq.
