-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000869392-99-000122.txt : 19990322
<SEC-HEADER>0000869392-99-000122.hdr.sgml : 19990322
ACCESSION NUMBER:		0000869392-99-000122
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19990319

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:		99568596

	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:		99568597

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQ
		STREET 2:		MAILSTOP A 14
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		8002251581

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM PREMIER INCOME TRUST
		CENTRAL INDEX KEY:			0000827773
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				042995046
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		
		SEC FILE NUMBER:	811-05452
		FILM NUMBER:		99568598

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM MASTER INTERMEDIATE INCOME TRUST
		CENTRAL INDEX KEY:			0000830622
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				046584465
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		
		SEC FILE NUMBER:	811-05498
		FILM NUMBER:		99568599

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQ
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		6172921562
</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 PUTNAM MASTER
            INTERMEDIATE INCOME TRUST
            PUTNAM PREMIER INCOME TRUST
        (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

          (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:

                                   George Putnam
                                   Chairman of the Trustees
                                   The Putnam Funds
                                   One Post Office Square
                                   Boston, Massachusetts  02109

PUTNAM LOGO

(Date)

Dear Shareholder:

You recently received a proxy statement requesting
your vote on important proposals.  Our records show
that we have not received your completed ballot. Your
vote is important.  PLEASE CAST YOUR BALLOT.  We have
included another copy of the proxy ballot and a
business reply envelope for your convenience.


PUTNAM MANAGEMENT AND THE TRUSTEES BELIEVE THAT THESE
PROPOSALS WOULD BE IN THE BEST INTERESTS OF
SHAREHOLDERS.


In closing, we ask you to consider the proposals
carefully. Should you have any questions, please
consult your financial advisor or contact a Putnam
customer service representative at 1800-225-1581.


Sincerely,


/s/George Putnam
George Putnam



   
    


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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