PACBX Putnam Dynamic Asset Allocation Fund Conservative B (MM)

The Trustees of The Putnam Funds have declared the following distributions.

       

RECORD

     

PAYMENT

FUND NAME AND DISTRIBUTIONS

DATE

DATE

 

Putnam American Government Income Fund - Class B Shares (PAMBX)

$0.0300 per share investment income 7/18/2011 7/20/2011  

Putnam American Government Income Fund - Class C Shares (a)

$0.0300 per share investment income 7/18/2011 7/20/2011  

Putnam American Government Income Fund - Class M Shares (PAMMX)

$0.0340 per share investment income 7/18/2011 7/20/2011  

Putnam American Government Income Fund - Class R Shares (PAMRX)

$0.0340 per share investment income 7/18/2011 7/20/2011  

Putnam American Government Income Fund - Class Y Shares(a)

$0.0380 per share investment income 7/18/2011 7/20/2011  

Putnam Asset Allocation: Conservative Portfolio - Class B Shares (PACBX)

$0.0070 per share investment income 7/18/2011 7/20/2011  

Putnam Asset Allocation: Conservative Portfolio - Class C Shares (PACCX)

$0.0070 per share investment income 7/18/2011 7/20/2011  

Putnam Asset Allocation: Conservative Portfolio - Class M Shares (PACMX)

$0.0090 per share investment income 7/18/2011 7/20/2011  

Putnam Asset Allocation: Conservative Portfolio - Class R Shares (PACRX)

$0.0110 per share investment income 7/18/2011 7/20/2011  

Putnam Asset Allocation: Conservative Portfolio - Class Y Shares (PACYX)

$0.0150 per share investment income 7/18/2011 7/20/2011   (a) Quotron symbol pending