<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>trustamendment.txt
<TEXT>
PUTNAM MUNICIPAL OPPORTUNITIES TRUST

AMENDMENT NO. 2

to

AGREEMENT AND DECLARATION OF TRUST

Dated as of March 14, 2011

      The undersigned, constituting a majority of the duly
elected and qualified Trustees of Putnam Municipal
Opportunities Trust (the Trust), a Massachusetts business trust
organized and existing under the laws of the Commonwealth of
Massachusetts pursuant to an Agreement and Declaration of Trust
dated April 1, 1993, as amended through July 12, 2001 (the
Declaration of Trust), pursuant to the authority granted to the
Trustees by Article IX, Section 9 of the Declaration of Trust
to amend the Declaration of Trust without a shareholder vote
for the purpose of supplying any omission, curing any ambiguity
or curing, correcting or supplementing any defective or
inconsistent provision in the Declaration of Trust, do hereby
amend Article V, Section 3 of the Declaration of Trust by
striking out said Section in its entirety and inserting in lieu
thereof the following:

      A majority of Shares entitled to vote on a particular matter
shall be a quorum for the transaction of business on that matter
at a Shareholders meeting, except that where the Bylaws require
that holders of any class or series shall vote as an individual
class or series, then a majority of the aggregate number of
Shares of that class or series entitled to vote shall be
necessary to constitute a quorum for the transaction of business
by that class or series.  Any lesser number shall be sufficient
for adjournments.  Any adjourned session or sessions may be held,
within a reasonable time after the date set for the original
meeting, without the necessity of further notice.  Except when a
different vote is required by any provisions of this Declaration
of Trust or the Bylaws, a majority of the Shares voted shall
decide any questions and a plurality shall fix the number of
Trustees and elect a Trustee, provided that where the Bylaws
require that the holders of any class or series shall vote as an
individual class or series, a majority of the Shares of that
class or series voted on the matter (or a plurality with respect
to fixing the number of Trustees and the election of a Trustee)
shall decide that matter insofar as that class or series is
concerned.


*     *     *

	This instrument may be executed in several counterparts,
each of which shall be deemed an original, but all taken
together shall constitute one instrument.



[The rest of the page intentionally left blank.]




      IN WITNESS WHEREOF, the undersigned, being a majority of
the Trustees of the Trust, have signed this instrument as of
the date first set forth above.
/s/ Ravi Akhoury
Ravi Akhoury

Paul L. Joskow



Jameson Adkins Baxter

Kenneth R. Leibler



Barbara M. Baumann

Robert E. Patterson



Charles B. Curtis

George Putnam, III



Robert J. Darretta

Robert L. Reynolds



John A. Hill

W. Thomas Stephens







      IN WITNESS WHEREOF, the undersigned, being a majority of
the Trustees of the Trust, have signed this instrument as of
the date first set forth above.

Ravi Akhoury

Paul L. Joskow
/s/ Jameson Adkins Baxter


Jameson Adkins Baxter

Kenneth R. Leibler



Barbara M. Baumann

Robert E. Patterson



Charles B. Curtis

George Putnam, III



Robert J. Darretta

Robert L. Reynolds



John A. Hill

W. Thomas Stephens







      IN WITNESS WHEREOF, the undersigned, being a majority of
the Trustees of the Trust, have signed this instrument as of
the date first set forth above.

Ravi Akhoury

Paul L. Joskow



Jameson Adkins Baxter

Kenneth R. Leibler
/s/ Barbara M. Baumann


Barbara M. Baumann

Robert E. Patterson



Charles B. Curtis

George Putnam, III



Robert J. Darretta

Robert L. Reynolds



John A. Hill

W. Thomas Stephens







      IN WITNESS WHEREOF, the undersigned, being a majority of
the Trustees of the Trust, have signed this instrument as of
the date first set forth above.

Ravi Akhoury

Paul L. Joskow



Jameson Adkins Baxter

Kenneth R. Leibler



Barbara M. Baumann

Robert E. Patterson
/s/ Charles B. Curtis


Charles B. Curtis

George Putnam, III



Robert J. Darretta

Robert L. Reynolds



John A. Hill

W. Thomas Stephens







      IN WITNESS WHEREOF, the undersigned, being a majority of
the Trustees of the Trust, have signed this instrument as of
the date first set forth above.

Ravi Akhoury

Paul L. Joskow



Jameson Adkins Baxter

Kenneth R. Leibler



Barbara M. Baumann

Robert E. Patterson



Charles B. Curtis

George Putnam, III
/s/ Robert J. Darretta


Robert J. Darretta

Robert L. Reynolds



John A. Hill

W. Thomas Stephens







      IN WITNESS WHEREOF, the undersigned, being a majority of
the Trustees of the Trust, have signed this instrument as of
the date first set forth above.

Ravi Akhoury

Paul L. Joskow



Jameson Adkins Baxter

Kenneth R. Leibler



Barbara M. Baumann

Robert E. Patterson



Charles B. Curtis

George Putnam, III



Robert J. Darretta

Robert L. Reynolds
/s/ John A. Hill


John A. Hill

W. Thomas Stephens







      IN WITNESS WHEREOF, the undersigned, being a majority of
the Trustees of the Trust, have signed this instrument as of
the date first set forth above.



/s/ Paul L. Joskow
Ravi Akhoury

Paul L. Joskow



Jameson Adkins Baxter

Kenneth R. Leibler



Barbara M. Baumann

Robert E. Patterson



Charles B. Curtis

George Putnam, III



Robert J. Darretta

Robert L. Reynolds



John A. Hill

W. Thomas Stephens







      IN WITNESS WHEREOF, the undersigned, being a majority of
the Trustees of the Trust, have signed this instrument as of
the date first set forth above.

Ravi Akhoury

Paul L. Joskow


/s/ Kenneth R. Leibler
Jameson Adkins Baxter

Kenneth R. Leibler



Barbara M. Baumann

Robert E. Patterson



Charles B. Curtis

George Putnam, III



Robert J. Darretta

Robert L. Reynolds



John A. Hill

W. Thomas Stephens







      IN WITNESS WHEREOF, the undersigned, being a majority of
the Trustees of the Trust, have signed this instrument as of
the date first set forth above.

Ravi Akhoury

Paul L. Joskow



Jameson Adkins Baxter

Kenneth R. Leibler


/s/ Robert E. Patterson
Barbara M. Baumann

Robert E. Patterson



Charles B. Curtis

George Putnam, III



Robert J. Darretta

Robert L. Reynolds



John A. Hill

W. Thomas Stephens







      IN WITNESS WHEREOF, the undersigned, being a majority of
the Trustees of the Trust, have signed this instrument as of
the date first set forth above.

Ravi Akhoury

Paul L. Joskow



Jameson Adkins Baxter

Kenneth R. Leibler



Barbara M. Baumann

Robert E. Patterson


/s/ George Putnam, III
Charles B. Curtis

George Putnam, III



Robert J. Darretta

Robert L. Reynolds



John A. Hill

W. Thomas Stephens







      IN WITNESS WHEREOF, the undersigned, being a majority of
the Trustees of the Trust, have signed this instrument as of
the date first set forth above.

Ravi Akhoury

Paul L. Joskow



Jameson Adkins Baxter

Kenneth R. Leibler



Barbara M. Baumann

Robert E. Patterson



Charles B. Curtis

George Putnam, III


/s/ Robert L. Reynolds
Robert J. Darretta

Robert L. Reynolds



John A. Hill

W. Thomas Stephens







      IN WITNESS WHEREOF, the undersigned, being a majority of
the Trustees of the Trust, have signed this instrument as of
the date first set forth above.

Ravi Akhoury

Paul L. Joskow



Jameson Adkins Baxter

Kenneth R. Leibler



Barbara M. Baumann

Robert E. Patterson



Charles B. Curtis

George Putnam, III



Robert J. Darretta

Robert L. Reynolds


/s/ W. Thomas Stephens
John A. Hill

W. Thomas Stephens
































</TEXT>
</DOCUMENT>
