-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 EvUBjEObdCYZ1BRKmbPAUQLbaUMl/PGwFiy6+S2ncdiS8jsSJUn09/mYg71QVB83
 HmWWfjVMj13McJ49Lt6EeQ==

<SEC-DOCUMENT>0000912057-01-528566.txt : 20010815
<SEC-HEADER>0000912057-01-528566.hdr.sgml : 20010815
ACCESSION NUMBER:		0000912057-01-528566
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20010814

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM MUNICIPAL OPPORTUNITIES TRUST
		CENTRAL INDEX KEY:			0000900422
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				043187549
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-07626
		FILM NUMBER:		1711656

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQUARE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		6172921000

	MAIL ADDRESS:	
		STREET 1:		ONE POST OFFICE SQUARE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM TAX FREE HEALTH CARE FUND
		CENTRAL INDEX KEY:			0000887398
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				043153831
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0531

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-06659
		FILM NUMBER:		1711657

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQUARE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		6172921000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM NEW YORK INVESTMENT GRADE MUNICIPAL TRUST
		CENTRAL INDEX KEY:			0000892960
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				046716832
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-07274
		FILM NUMBER:		1711658

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQUARE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		6172921000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM MASTER INCOME TRUST
		CENTRAL INDEX KEY:			0000824463
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				042993219
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05375
		FILM NUMBER:		1711660

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQ
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		6172921562

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM MANAGED MUNICIPAL INCOME TRUST
		CENTRAL INDEX KEY:			0000844790
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				046608976
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05740
		FILM NUMBER:		1711661

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQ
		STREET 2:		MAILSTOP A14
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		6172921000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM MANAGED HIGH YIELD TRUST
		CENTRAL INDEX KEY:			0000901823
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				046733967
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-07658
		FILM NUMBER:		1711663

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQ
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		6172921000

	MAIL ADDRESS:	
		STREET 1:		ONE POST OFFICE SQ
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM INVESTMENT GRADE MUNICIPAL TRUST
		CENTRAL INDEX KEY:			0000855048
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				046629611
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05901
		FILM NUMBER:		1711664

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQUARE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		6172921000

	MAIL ADDRESS:	
		STREET 1:		ONE POST OFFICE SQU
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM CALIFORNIA INVESTMENT GRADE MUNICIPAL TRUST
		CENTRAL INDEX KEY:			0000892980
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				046716831
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-07276
		FILM NUMBER:		1711668

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQUARE
		STREET 2:		MAILSTOP A 14
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		6172921000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM INVESTMENT GRADE MUNICIPAL TRUST II
		CENTRAL INDEX KEY:			0000892884
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				046716830
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-07270
		FILM NUMBER:		1711659

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQUARE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		6172921000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM HIGH YIELD MUNICIPAL TRUST
		CENTRAL INDEX KEY:			0000848077
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				046621377
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05795
		FILM NUMBER:		1711666

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQ
		STREET 2:		MAILSTOP A 14
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		6177601000

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM CONVERTIBLE OPPORTUNITIES & INCOME TRUST
		CENTRAL INDEX KEY:			0000938380
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				046777185
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-07253
		FILM NUMBER:		1711667

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQUARE
		STREET 2:		MAILSTOP A 14
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		8002551581

	MAIL ADDRESS:	
		STREET 1:		PUTNAM CONVERTIBLE & INCM OPORTUN TRST
		STREET 2:		ONE POST OFFICE SQUARE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PUTNAM CONVERTIBLE & INCOME OPPORTUNITIES TRUST
		DATE OF NAME CHANGE:	19950221
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>a2056745zdefa14a.txt
<DESCRIPTION>DEFA14A
<TEXT>
<Page>



                            SCHEDULE 14A INFORMATION

                    PROXY STATEMENT PURSUANT TO SECTION 14(A)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                                (Amendment No. )

                                                               ----
                          Filed by the Registrant              / X /
                                                               ----
                                                               ----
                 Filed by a party other than the Registrant    /  /
                                                               ----

CHECK THE APPROPRIATE BOX:

 ----
/   /    Preliminary Proxy Statement
- ----
 ----
/   /    Confidential, for Use of the Commission Only (as permitted by
- ----     Rule 14a-6(e)(2))

 ----
/   /    Definitive Proxy Statement
- ----
 ----
/ x /    Definitive Additional Materials
- ----
 ----
/   /    Soliciting Material Pursuant to Sec. 240.14a-11(c) or
- ----     Sec. 240.14a-12

               PUTNAM CALIFORNIA INVESTMENT GRADE MUNICIPAL TRUST
                PUTNAM CONVERTIBLE OPPORTUNITIES AND INCOME TRUST
                        PUTNAM HIGH YIELD MUNICIPAL TRUST
                     PUTNAM INVESTMENT GRADE MUNICIPAL TRUST
                         PUTNAM MANAGED HIGH YIELD TRUST
                      PUTNAM MANAGED MUNICIPAL INCOME TRUST
                           PUTNAM MASTER INCOME TRUST
                           PUTNAM MUNICIPAL BOND FUND
                      PUTNAM MUNICIPAL OPPORTUNITIES TRUST
                PUTNAM NEW YORK INVESTMENT GRADE MUNICIPAL TRUST
                     PUTNAM TAX FREE HEALTH CARE FUND (Name
                   of Registrant as Specified In Its Charter)

                   (Name of Person(s) Filing Proxy Statement,
                            if other than Registrant)


                                      -1-
<Page>

PAYMENT OF FILING FEE (CHECK THE APPROPRIATE BOX):

 ----
/ X /    No fee required
- ----
 ----
/   /    Fee computed on table below per Exchange Act Rule 14a
- ----              6(i)(1) and 0-11

         (1) Title of each class of securities to which transaction applies:

         (2) Aggregate number of securities to which transaction applies:

         (3) Per unit price or other underlying value of transaction computed
         pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
         filing fee is calculated and state how it was determined):

         (4) Proposed maximum aggregate value of transaction:

         (5) Total fee paid:

 ----
/   /    Fee paid previously with preliminary materials.
- ----

 ----
/   /    Check box if any part of the fee is offset as provided by
 ----    Exchange Act Rule 0-11(a)(2) and identify the filing for which the
         offsetting fee was paid previously. Identify the previous filing by
         registration statement number, or the Form or Schedule and the date of
         its filing.

         (1) Amount Previously Paid:

         (2) Form, Schedule or Registration Statement No.:

         (3) Filing Party:

         (4) Date Filed:



                                      -2-
<Page>

THE FOLLOWING Q&A WAS PREPARED TO HELP YOU ANSWER QUESTIONS FROM BROKERS AND/OR
SHAREHOLDERS ON THE SUBJECT OF THE PROXIES BEING MAILED TO THEM FOR THEIR VOTES.
THESE PROXIES ARE SENT TO SHAREHOLDERS THAT WERE SHAREHOLDERS OF RECORD ON 20
JULY 2001 FOR THE FOLLOWING PUTNAM CLOSED END FUNDS: PUTNAM CALIFORNIA
INVESTMENT GRADE MUNICIPAL, PUTNAM CONVERTIBLE OPPORTUNITIES & INCOME TRUST,
PUTNAM HIGH YIELD MUNICIPAL TRUST, PUTNAM INVESTMENT GRADE MUNICIPAL TRUST,
PUTNAM MANAGED HIGH YIELD TRUST, PUTNAM MANAGED MUNICIPAL INCOME TRUST, PUTNAM
MASTER INCOME TRUST, PUTNAM MUNICIPAL BOND FUND, PUTNAM MUNICIPAL OPPORTUNITIES
TRUST, PUTNAM NEW YORK INVESTMENT GRADE MUNICIPAL TRUST, AND PUTNAM TAX-FREE
HEALTH CARE FUND

Q: WHAT ARE THE TRUSTEES RECOMMENDING?

A: The Trustees are asking shareholders to elect the Trustees for the fund. This
vote is required and occurs on a yearly basis.

Q: WHO IS ELIGIBLE TO VOTE?

A: Shareholders of record at the close of business on 20 July 2001. Each share
is entitled to one vote.

Q: WHEN IS THE SHAREHOLDER MEETING?

A: The shareholder meeting to determine the results will be on 11 October 2001

Q: HOW CAN A SHAREHOLDER SUBMIT THEIR VOTE?

A: There are several ways to submit your vote. Your vote may be submitted by
returning the proxy card by mail or via the internet. Internet voting
instructions are located on the proxy card.

Q: I DID NOT RECEIVE A COPY OF THE PROXY STATEMENT; CAN YOU SEND ME ONE?

A: Additional proxy statements may be ordered off of your literature system.

Q: I MISPLACED MY PROXY CARD; HOW CAN ANOTHER ONE BE SENT?

A: Additional proxy cards may be ordered via email to Tarah Soares or Betty
Creamer in the Proxy department. Shareholder information to be included is the
fund name, shareholder address and account number.


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
