59089 2/00
Prospectus Supplement
dated February 7, 2000 to:
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PUTNAM STRATEGIC INCOME FUND
to Prospectus dated July 30, 1999
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. Prusko'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.
Manager Since Experience
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James M. Prusko 2000 1992-Present Putnam Management
Senior Vice President
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