-----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,
 MhX/UB8rkSl7KIxOsf+1JNG8gs6y8S5CPcizDYlcd6YpndmkYPUT8IGZidTXUT7P
 Xy04+v9aGLpq/UVbV5bDYQ==

<SEC-DOCUMENT>0001301112-04-000009.txt : 20040920
<SEC-HEADER>0001301112-04-000009.hdr.sgml : 20040920
<ACCEPTANCE-DATETIME>20040920141449
ACCESSION NUMBER:		0001301112-04-000009
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040831
FILED AS OF DATE:		20040920
DATE AS OF CHANGE:		20040920

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MIKAMI DARRYL K
		CENTRAL INDEX KEY:			0001200514

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05133
		FILM NUMBER:		041037305

	MAIL ADDRESS:	
		STREET 1:		PUTNAM LLC
		STREET 2:		ONE POST OFFICE SQUARE L5
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM HIGH INCOME BOND FUND
		CENTRAL INDEX KEY:			0000810943
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				046562068
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0831

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

	MAIL ADDRESS:	
		STREET 1:		PUTNAM LLC
		STREET 2:		ONE POST OFFICE SQ
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PUTNAM HIGH BOND FUND
		DATE OF NAME CHANGE:	20021107

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PUTNAM HIGH INCOME CONVERTIBLE & BOND FUND
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>5</documentType>

    <periodOfReport>2004-08-31</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <form3HoldingsReported>0</form3HoldingsReported>

    <form4TransactionsReported>0</form4TransactionsReported>

    <issuer>
        <issuerCik>0000810943</issuerCik>
        <issuerName>PUTNAM HIGH INCOME BOND FUND</issuerName>
        <issuerTradingSymbol>pcf</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001200514</rptOwnerCik>
            <rptOwnerName>MIKAMI DARRYL K</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>PUTNAM LLC</rptOwnerStreet1>
            <rptOwnerStreet2>ONE POST OFFICE SQUARE L5</rptOwnerStreet2>
            <rptOwnerCity>BOSTON</rptOwnerCity>
            <rptOwnerState>MA</rptOwnerState>
            <rptOwnerZipCode>02109</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle>former Managing Director of</officerTitle>
            <otherText>Putnam, LLC</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <ownerSignature>
        <signatureName>Darryl K. Mikami</signatureName>
        <signatureDate>2004-09-20</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>mikamiconfirm.txt
<DESCRIPTION>CONFIRMING STATEMENT
<TEXT>
Confirming Statement

I, as Reporting Person of Putnam Investment Management, LLC and/or
Putnam, LLC, the Issuer's Investment Adviser and Indirect Parent
Holding Company, respectively, hereby authorize and designate each and
every Managing Director, Senior Vice President and Vice President in
the Putnam Investments Legal and Compliance Department to file SEC
Exchange Act Forms 3, 4 or 5 on my behalf until further notice in
electronic format pursuant to Rule 101(b)(4) of Regulation S-T.

- ---------------------------

/s/  Darryl K. Mikami



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