<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>item85b.txt
<TEXT>
Additional Information About Errors and Omissions Policy
Item 85B

While no claims with respect to the Registrant/Series were
filed under such policy during the period, requests under
such policy for reimbursement of legal expenses and costs
arising out of claims of market timing activity in the
Putnam Funds have been submitted by the investment manager
of the Registrant/Series.


</TEXT>
</DOCUMENT>
