<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>legal85b074.txt
<TEXT>
85B

Additional Information About Errors and Omissions Policy

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

</TEXT>
</DOCUMENT>
