<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>manmuni052audltr.txt
<TEXT>





The Board of Trustees and Shareholders
Putnam Managed Municipal Income Trust

In planning and performing our audit of the financial statements of
Putnam Managed Municipal Income Trust, for the year ended October
31, 2002, we considered its internal control, including control
activities for safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our opinion on
the financial statements and to comply with the requirements of
Form N-SAR, not to provide assurance on internal control.

The management of Putnam Managed Municipal Income Trust is
responsible for establishing and maintaining internal control.  In
fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related
costs of controls. Generally, controls that are relevant to an
audit pertain to the entitys objective of preparing financial
statements for external purposes that are fairly presented in
conformity with accounting principles generally accepted in the
United States of America.  Those controls include the safeguarding
of assets against unauthorized acquisition, use, or disposition.

Because of inherent limitations in internal control, error or fraud
may occur and not be detected.  Also, projection of any evaluation
of internal control to future periods is subject to the risk that
it may become inadequate because of changes in conditions or that
the effectiveness of the design and operation may deteriorate.

Our consideration of internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under standards established by the American Institute of
Certified Public Accountants.  A material weakness is a condition
in which the design or operation of one or more of the internal
control components does not reduce to a relatively low level the
risk that misstatements caused by error or fraud in amounts that
would be material in relation to the financial statements being
audited may occur and not be detected within a timely period by
employees in the normal course of performing their assigned
functions.  However, we noted no matters involving internal control
and its operation, including controls for safeguarding securities,
which we consider to be material weaknesses as defined above as of
October 31, 2002.

This report is intended solely for the information and use of
management and the Board of Trustees of the Putnam Managed
Municipal Income Trust and the Securities and Exchange Commission
and is not intended to be and should not be used by anyone other
than these specified parties.

KPMG
Boston, Massachusetts
December 5, 2002

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