-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000928816-05-000054.txt : 20050121
<SEC-HEADER>0000928816-05-000054.hdr.sgml : 20050121
<ACCEPTANCE-DATETIME>20050121162643
ACCESSION NUMBER:		0000928816-05-000054
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20050121
DATE AS OF CHANGE:		20050121
EFFECTIVENESS DATE:		20050121

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM HIGH INCOME BOND FUND
		CENTRAL INDEX KEY:			0000810943
		IRS NUMBER:				046562068
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05133
		FILM NUMBER:		05541878

	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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM HIGH INCOME OPPORTUNITIES TRUST
		CENTRAL INDEX KEY:			0000938380
		IRS NUMBER:				046777185
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-07253
		FILM NUMBER:		05541877

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

	MAIL ADDRESS:	
		STREET 1:		PUTNAM HIGH INCOME OPPORTUNITIES TRUST
		STREET 2:		ONE POST OFFICE SQUARE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PUTNAM CONVERTIBLE OPPORTUNITIES & INCOME TRUST
		DATE OF NAME CHANGE:	19950516

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PUTNAM CONVERTIBLE & INCOME OPPORTUNITIES TRUST
		DATE OF NAME CHANGE:	19950221
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>hio1.txt
<DESCRIPTION>PUTNAM HIGH INCOME OPPORTUNITIES TRUST AND HIGH INCOME BOND FUND
<TEXT>

                       Internet Proxy Voting Service
                              Proxy Voting Form
                             Putnam Investments
                       Putnam High Income Bond Fund

The Trustees recommend voting FOR proposal 1.
Proposal 1. Approval of an Agreement and Plan of              FOR     AGAINST
            Reorganization and the transactions
            contemplated thereby, including the               ABSTAIN
            transfer of all of the assets of Putnam
            High Income Opportunities Trust to
            Putnam High Income Bond Fund in exchange
            for the issuance and delivery of shares
            of beneficial interest of Putnam High
            Income Bond Fund and the assumption by
            Putnam High Income Bond Fund of the
            liabilities of Putnam High Income
            Opportunities Trust, and the distribution
            of such shares to the shareholders of
            Putnam High Income Opportunities Trust
            in complete liquidation of Putnam High
            Income Opportunities Trust.

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

Please refer to the proxy statement for discussion of each of these matters.
If no specification is made on a proposal, the proposal will be voted "For".

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

To receive an optional email confirmation, enter your email address
here: [      ]

           Please review your selections carefully before voting.
     If you vote more than once on the same Proxy, only your last (most
                recent) vote will be considered valid.

Press this button to [Submit] your Proxy Vote.

[copyright] 2000, 2001 ADP Financial Information Services, Inc. The MIS
logo is a service mark of Automatic Data Processing, Inc.
The ADP logo is a registered trademark of ADP of North America, Inc.
Terms and Conditions. Privacy Statement.


                       Internet Proxy Voting Service
                              Proxy Voting Form
                             Putnam Investments
                  Putnam High Income Opportunities Trust

The Trustees recommend voting FOR proposal 1.
Proposal 1. Approval of an Agreement and Plan of              FOR     AGAINST
            Reorganization and the transactions
            contemplated thereby, including the               ABSTAIN
            transfer of all of the assets of Putnam
            High Income Opportunities Trust to
            Putnam High Income Bond Fund in exchange
            for the issuance and delivery of shares
            of beneficial interest of Putnam High
            Income Bond Fund and the assumption by
            Putnam High Income Bond Fund of the
            liabilities of Putnam High Income
            Opportunities Trust, and the distribution
            of such shares to the shareholders of
            Putnam High Income Opportunities Trust
            in complete liquidation of Putnam High
            Income Opportunities Trust.

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

Please refer to the proxy statement for discussion of each of these matters.
If no specification is made on a proposal, the proposal will be voted "For".

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

To receive an optional email confirmation, enter your email address
here: [      ]

           Please review your selections carefully before voting.
     If you vote more than once on the same Proxy, only your last (most
                recent) vote will be considered valid.

Press this button to [Submit] your Proxy Vote.

[copyright] 2000, 2001 ADP Financial Information Services, Inc. The MIS
logo is a service mark of Automatic Data Processing, Inc.
The ADP logo is a registered trademark of ADP of North America, Inc.
Terms and Conditions. Privacy Statement.

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