-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000869392-98-000160.txt : 19980326
<SEC-HEADER>0000869392-98-000160.hdr.sgml : 19980326
ACCESSION NUMBER:		0000869392-98-000160
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980325
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM DIVIDEND INCOME FUND
		CENTRAL INDEX KEY:			0000853474
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				046626126
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		
		SEC FILE NUMBER:	811-05852
		FILM NUMBER:		98572461

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM HIGH INCOME CONVERTIBLE & BOND FUND
		CENTRAL INDEX KEY:			0000810943
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				810943
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		
		SEC FILE NUMBER:	811-05133
		FILM NUMBER:		98572462

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQ
		STREET 2:		MAILSTOP A 14
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		8002251581
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<TEXT>


                         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 DIVIDEND INCOME FUND
               PUTNAM HIGH INCOME CONVERTIBLE AND BOND FUND 
             (Name of Registrant as Specified In Its Charter)

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

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
<PAGE>
         (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:

<PAGE>
VOTE BY PHONE CONFIRMATION LETTER
(WRITTEN)

VOTE CONFIRMATION

(Shareholder name & address of record)

[PUTNAM DIVIDEND INCOME FUND/
PUTNAM HIGH INCOME CONVERTIBLE AND BOND FUND]
Meeting of Shareholders June 4, 1998
Account:      
Shares:       

Votes Received: (list proposal as on proxy card)

              (FOR) (AGAINST) (ABSTAIN)

Dear Shareholder:

In connection with the above-referenced Meeting of Shareholders,
this notice will confirm that your shares have been voted as
indicated in accordance with your telephone instructions.  If any
of the information is incorrect, please call 1-800-735-3428
immediately, and in any event no later than 5:00 P.M. on June 3,
1998.

Thank you for your cooperation.

Very truly yours,
(Solicitation Agent)



s:\proxy\working\solicit\pdiconfi
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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