-----BEGIN PRIVACY-ENHANCED MESSAGE-----
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<SEC-DOCUMENT>0000928816-06-000566.txt : 20060515
<SEC-HEADER>0000928816-06-000566.hdr.sgml : 20060515
<ACCEPTANCE-DATETIME>20060515165311
ACCESSION NUMBER:		0000928816-06-000566
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20060515
DATE AS OF CHANGE:		20060515
EFFECTIVENESS DATE:		20060515

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM HIGH INCOME SECURITIES 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:		06842284

	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 INCOME BOND FUND
		DATE OF NAME CHANGE:	20030408

	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>DEFA14A
<SEQUENCE>1
<FILENAME>a_highinc.htm
<DESCRIPTION>PUTNAM HIGH INCOME SECURITIES FUND
<TEXT>
<!DOCTYPE HTML PUBLIC "a_highinc_cvr.pdf">


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<P align=left>
<TABLE>

  <TR>
    <TD noWrap><FONT face=monospace>DEFA14A
      Filing</FONT><BR></TD></TR></TABLE></P>
<P align=left>
<TABLE>

  <TR>
    <TD noWrap><FONT face=monospace>SCHEDULE 14A
      INFORMATION</FONT><BR></TD></TR></TABLE></P>
<TABLE cellSpacing=1 cellPadding=0 width="80%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="7%">&nbsp; </TD>
    <TD noWrap align=left width="86%"><B><FONT face=monospace
     >PROXY STATEMENT PURSUANT TO SECTION
      14(a)</FONT></B>&nbsp; </TD>
    <TD noWrap align=left width="6%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%">&nbsp; </TD>
    <TD noWrap align=left width="86%"><B><FONT face=monospace
     >OF THE SECURITIES EXCHANGE ACT OF
      1934</FONT></B>&nbsp; </TD>
    <TD noWrap align=left width="6%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%">&nbsp; </TD>
    <TD noWrap align=left width="86%"><FONT face=monospace
     >(Amendment No. )</FONT>&nbsp; </TD>
    <TD noWrap align=left width="6%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%">&nbsp; </TD>
    <TD noWrap align=left width="86%">&nbsp; </TD>
    <TD noWrap align=left width="6%"><FONT face=monospace
     >----</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%">&nbsp; </TD>
    <TD noWrap align=left width="86%"><FONT face=monospace
     >Filed by the Registrant</FONT>&nbsp; </TD>
    <TD noWrap align=left width="6%"><FONT face=monospace
     >/X/</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%">&nbsp; </TD>
    <TD noWrap align=left width="86%">&nbsp; </TD>
    <TD noWrap align=left width="6%"><FONT face=monospace
     >----</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%">&nbsp; </TD>
    <TD noWrap align=left width="86%">&nbsp; </TD>
    <TD noWrap align=left width="6%"><FONT face=monospace
     >----</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%">&nbsp; </TD>
    <TD noWrap align=left width="86%"><FONT face=monospace
     >Filed by a party other than the
      Registrant</FONT>&nbsp; </TD>
    <TD noWrap align=left width="6%"><FONT face=monospace
     >/ /<FONT face="Times New Roman">&nbsp;
    </FONT></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%">&nbsp; </TD>
    <TD noWrap align=left width="86%">&nbsp; </TD>
    <TD noWrap align=left width="6%"><FONT face=monospace
     >----</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%"><B><FONT face=monospace
     >Check</FONT></B>&nbsp; </TD>
    <TD noWrap align=left width="86%"><B><FONT face=monospace
     >the appropriate box:</FONT></B>&nbsp;
</TD>
    <TD noWrap align=left width="6%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%"><FONT face=monospace
     >----</FONT>&nbsp; </TD>
    <TD noWrap align=left width="86%">&nbsp; </TD>
    <TD noWrap align=left width="6%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%"><FONT face=monospace
     >/ /</FONT>&nbsp; </TD>
    <TD noWrap align=left width="86%"><FONT face=monospace
     >Preliminary Proxy Statement</FONT>&nbsp; </TD>
    <TD noWrap align=left width="6%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%"><FONT face=monospace
     >----</FONT>&nbsp; </TD>
    <TD noWrap align=left width="86%">&nbsp; </TD>
    <TD noWrap align=left width="6%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%"><FONT face=monospace
     >----</FONT>&nbsp; </TD>
    <TD noWrap align=left width="86%">&nbsp; </TD>
    <TD noWrap align=left width="6%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%"><FONT face=monospace
     >/ /</FONT>&nbsp; </TD>
    <TD noWrap align=left width="86%"><FONT face=monospace
     >Confidential, for Use of the Commission Only
      (as</FONT>&nbsp; </TD>
    <TD noWrap align=left width="6%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%"><FONT face=monospace
     >----</FONT>&nbsp; </TD>
    <TD noWrap align=left width="86%"><FONT face=monospace
     >permitted by Rule 14a-6(e)(2))</FONT>&nbsp; </TD>
    <TD noWrap align=left width="6%">&nbsp; </TD></TR>
  <TR>
    <TD width="99%" colSpan=3>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%"><FONT face=monospace
     >----</FONT>&nbsp; </TD>
    <TD noWrap align=left width="86%">&nbsp; </TD>
    <TD noWrap align=left width="6%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%"><FONT face=monospace
     >/ /</FONT>&nbsp; </TD>
    <TD noWrap align=left width="86%"><FONT face=monospace
     >Definitive Proxy Statement</FONT>&nbsp; </TD>
    <TD noWrap align=left width="6%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%"><FONT face=monospace
     >----</FONT>&nbsp; </TD>
    <TD noWrap align=left width="86%">&nbsp; </TD>
    <TD noWrap align=left width="6%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%"><FONT face=monospace
     >----</FONT>&nbsp; </TD>
    <TD noWrap align=left width="86%">&nbsp; </TD>
    <TD noWrap align=left width="6%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%"><FONT face=monospace
     >/ /</FONT>&nbsp; </TD>
    <TD noWrap align=left width="86%" background=""><FONT
      face="Courier New">Definitive Additional Materials</FONT>&nbsp; </TD>
    <TD noWrap align=left width="6%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%"><FONT face=monospace
     >----</FONT>&nbsp; </TD>
    <TD noWrap align=left width="86%">&nbsp; </TD>
    <TD noWrap align=left width="6%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%"><FONT face=monospace
     >----</FONT>&nbsp; </TD>
    <TD noWrap align=left width="86%">&nbsp; </TD>
    <TD noWrap align=left width="6%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%"><FONT face=monospace
     >/X/<FONT face="Times New Roman">&nbsp;
    </FONT></FONT></TD>
    <TD noWrap align=left width="92%" colSpan=2><FONT
      face=monospace>Soliciting Material Pursuant to Sec.
      240.14a-11(c)</FONT>&nbsp;<FONT face=monospace
     >or</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="7%"><FONT face=monospace
     >----</FONT>&nbsp; </TD>
    <TD noWrap align=left width="86%"><FONT face=monospace
     >Sec. 240.14a-12</FONT>&nbsp; </TD>
    <TD noWrap align=left width="6%">&nbsp;
</TD></TR></TABLE><BR>
<P align=left><B><FONT face=monospace>PUTNAM HIGH INCOME
SECURITIES FUND</FONT></B></P>
<P align=left><FONT face=monospace>(Name of Registrant as
Specified In Its Charter)</FONT></P>
<P align=left><FONT face=monospace>(Name of Person(s)
Filing Proxy Statement, if other than Registrant)</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<!--$$/page=--><A name=page_2></A>
<P align=left><B><FONT face=monospace>Payment of Filing Fee
(Check the appropriate box):</FONT></B></P>
<TABLE cellSpacing=1 cellPadding=0 width="80%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="10%"><FONT face=monospace
     >----</FONT>&nbsp; </TD>
    <TD noWrap align=left width="8%">&nbsp; </TD>
    <TD noWrap align=left width="81%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%"><FONT face=monospace
     >/X/</FONT>&nbsp; </TD>
    <TD noWrap align=left width="89%" colSpan=2><FONT
      face=monospace>No fee required</FONT>&nbsp;
  &nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%"><FONT face=monospace
     >----</FONT>&nbsp; </TD>
    <TD noWrap align=left width="8%">&nbsp; </TD>
    <TD noWrap align=left width="81%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%"><FONT face=monospace
     >----</FONT>&nbsp; </TD>
    <TD noWrap align=left width="8%">&nbsp; </TD>
    <TD noWrap align=left width="81%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%"><FONT face=monospace
     >/ /</FONT>&nbsp; </TD>
    <TD noWrap align=left width="89%" colSpan=2><FONT
      face=monospace>Fee</FONT>&nbsp; <FONT face=monospace
     >computed on table below per Exchange Act Rule
      14a</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%"><FONT face=monospace
     >----</FONT>&nbsp; </TD>
    <TD noWrap align=left width="8%"><FONT face=monospace
     >6(i)(1) and 0-11</FONT>&nbsp; </TD>
    <TD noWrap align=left width="81%" background=""
 >&nbsp;</TD></TR>
  <TR>
    <TD width="99%" colSpan=3>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%">&nbsp; </TD>
    <TD noWrap align=left width="89%" colSpan=2><FONT
      face=monospace>(1)</FONT>&nbsp; <FONT face=monospace
     >Title of each class of securities to which
      transaction</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%">&nbsp; </TD>
    <TD noWrap align=left width="8%"><FONT face=monospace
     >applies:</FONT>&nbsp; </TD>
    <TD noWrap align=left width="81%" background=""
 >&nbsp;</TD></TR>
  <TR>
    <TD width="99%" colSpan=3>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%">&nbsp; </TD>
    <TD noWrap align=left width="89%" colSpan=2><FONT
      face=monospace>(2)</FONT>&nbsp; <FONT face=monospace
     >Aggregate number of securities to which transaction
      applies:</FONT>&nbsp; </TD></TR>
  <TR>
    <TD width="99%" colSpan=3>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%">&nbsp; </TD>
    <TD noWrap align=left width="89%" colSpan=2><FONT
      face=monospace>(3)</FONT>&nbsp; <FONT face=monospace
     >Per unit price or other underlying value of
      transaction</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%">&nbsp; </TD>
    <TD noWrap align=left width="8%"><FONT face=monospace
     >computed pursuant to Exchange Act Rule 0-11 (set
      forth the</FONT>&nbsp; </TD>
    <TD noWrap align=left width="81%" background=""
 >&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%">&nbsp; </TD>
    <TD noWrap align=left width="8%"><FONT face=monospace
     >amount on which the filing fee is calculated and
      state how it</FONT>&nbsp; </TD>
    <TD noWrap align=left width="81%" background=""
 >&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%">&nbsp; </TD>
    <TD noWrap align=left width="89%" colSpan=2><FONT
      face=monospace>was</FONT>&nbsp;<FONT face=monospace
     >determined):</FONT>&nbsp; </TD></TR>
  <TR>
    <TD width="99%" colSpan=3>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%">&nbsp; </TD>
    <TD noWrap align=left width="89%" colSpan=2><FONT
      face=monospace>(4)</FONT>&nbsp; <FONT face=monospace
     >Proposed maximum aggregate value of
      transaction:</FONT>&nbsp; </TD></TR>
  <TR>
    <TD width="99%" colSpan=3>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%">&nbsp; </TD>
    <TD noWrap align=left width="89%" colSpan=2><FONT
      face=monospace>(5)</FONT>&nbsp; <FONT face=monospace
     >Total fee paid:</FONT>&nbsp; </TD></TR>
  <TR>
    <TD width="99%" colSpan=3>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%"><FONT face=monospace
     >----</FONT>&nbsp; </TD>
    <TD noWrap align=left width="8%">&nbsp; </TD>
    <TD noWrap align=left width="81%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%"><FONT face=monospace
     >/ /</FONT>&nbsp; </TD>
    <TD noWrap align=left width="89%" colSpan=2><FONT
      face=monospace>Fee</FONT>&nbsp; <FONT face=monospace
     >paid previously with preliminary
      materials.</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%"><FONT face=monospace
     >----</FONT>&nbsp; </TD>
    <TD noWrap align=left width="8%">&nbsp; </TD>
    <TD noWrap align=left width="81%">&nbsp; </TD></TR>
  <TR>
    <TD width="99%" colSpan=3>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%"><FONT face=monospace
     >----</FONT>&nbsp; </TD>
    <TD noWrap align=left width="8%">&nbsp; </TD>
    <TD noWrap align=left width="81%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%"><FONT face=monospace
     >/ /</FONT>&nbsp; </TD>
    <TD noWrap align=left width="89%" colSpan=2><FONT
      face=monospace>Check box if any part of the fee is
      offset as provided</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%"><FONT face=monospace
     >----</FONT>&nbsp; </TD>
    <TD noWrap align=left width="89%" colSpan=2><FONT
      face=monospace>by Exchange Act Rule 0-11(a)(2) and
      identify the filing for</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%">&nbsp; </TD>
    <TD noWrap align=left width="89%" colSpan=2><FONT
      face=monospace>which the offsetting fee was paid
      previously. Identify the</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%">&nbsp; </TD>
    <TD noWrap align=left width="89%" colSpan=2><FONT
      face=monospace>previous filing by registration
      statement number, or the Form or</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%">&nbsp; </TD>
    <TD noWrap align=left width="89%" colSpan=2><FONT
      face=monospace>Schedule and the date of its
      filing.</FONT>&nbsp; </TD></TR>
  <TR>
    <TD width="99%" colSpan=3>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%">&nbsp; </TD>
    <TD noWrap align=left width="89%" colSpan=2><FONT
      face=monospace>(1)</FONT>&nbsp; <FONT face=monospace
     >Amount Previously Paid:</FONT>&nbsp; </TD></TR>
  <TR>
    <TD width="99%" colSpan=3>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%">&nbsp; </TD>
    <TD noWrap align=left width="89%" colSpan=2><FONT
      face=monospace>(2)</FONT>&nbsp; <FONT face=monospace
     >Form, Schedule or Registration Statement
      No.:</FONT>&nbsp; </TD></TR>
  <TR>
    <TD width="99%" colSpan=3>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%">&nbsp; </TD>
    <TD noWrap align=left width="89%" colSpan=2><FONT
      face=monospace>(3)</FONT>&nbsp; <FONT face=monospace
     >Filing Party:</FONT>&nbsp; </TD></TR>
  <TR>
    <TD width="99%" colSpan=3>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="10%">&nbsp; </TD>
    <TD noWrap align=left width="89%" colSpan=2><FONT
      face=monospace>(4)</FONT>&nbsp; <FONT face=monospace
     >Date Filed:</FONT>&nbsp; </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>












<!--$$/page=--><A name=page_1></A>
<P align=left><B><FONT face=serif>PUTNAM SCRIPT:</FONT></B></P>
<P align=left><B><FONT face=serif>Hello, I&#146;m trying to reach
(shareholder name) is he/she available?</FONT></B></P>
<P align=left><FONT face=serif>My name is ______ and I&#146;m
calling from on a recorded line on behalf of your&nbsp;_______ Fund. We sent you
a proxy card to register your vote for the shareholder meeting and haven&#146;t
received it back so we are calling to ask if you would like to issue a vote on
your account. Have you received the proxy materials?</FONT></P>
<P align=left><FONT face=serif>If proxy materials have not been
received please confirm address and offer to resend materials. Terminate
Call</FONT></P>
<P align=left><I><FONT face=serif>If yes, move forward to
Voting Section. If no, then:</FONT></I></P>
<P align=left><FONT face=serif>The Shareholder Meeting is set
for June 29, 2006 and we are encouraging all shareholders to vote their card as
soon as possible. If you have any questions or would like to quickly vote your
shares over the phone, please call 1-888-288-6597. When calling, please refer to
record #___. Your participation would be greatly appreciated. Thank you for your
time and have a good day/evening.</FONT></P>
<P align=left><B><FONT face=serif>Voting
Section:</FONT></B></P>
<P align=left><B><FONT face=serif>Would you like to register a
vote along with the recommendations of your Board?</FONT></B></P>
<P align=left><I><FONT face=serif>If yes, then:
<BR></FONT></I><FONT face=serif>I am recording your ____ vote
and will send you a printed confirmation. For confirmation purposes, may I have
your full name, street address city, state and zip code that we&#146;ll be mailing
your confirmation to?</FONT></P>
<P align=left><I><FONT face=serif>If no,
then:<BR></FONT></I><FONT face=serif>I could quickly review the
proposals and assist you in registering your vote today. <BR>Would that be
OK?</FONT></P>
<P align=left><I><FONT face=serif>If yes </FONT></I><FONT
face=serif>&#150; (after review), <BR></FONT><FONT face=serif
BASEFACE="serif">Would you like to register a vote along with the
recommendations of the Board?</FONT></P>
<P align=left><FONT face=serif><STRONG>Thank you for your time
and your vote Mr./Mrs. </STRONG>____ . <STRONG>Have a good
day/evening!</STRONG></FONT></P>
<P align=left><I><FONT face=serif>If no,
then:<BR></FONT></I><FONT face=serif>The Shareholder Meeting is
set for June 29, 2006 and we are encouraging all shareholders to vote their card
as soon as possible. If you have any questions or would like to quickly vote
your shares over the phone, please call 1-888-288-6597. When calling, please
refer to record #___. Your participation would be greatly appreciated. Thank you
for your time and have a good day/evening.</FONT></P>
<P align=left><FONT face=serif>Handling calls that need
additional information; <BR>Putnam Customer Service;<BR></FONT><FONT face=serif
BASEFACE="serif">Please do a warm transfer to the following 800 number for
complete customer service. </FONT></P>
<P align=left><FONT face=serif>1-800-225-1581- Hours of
operation; Monday &#150; Friday 8:30 am &#150; 8:00 pm</FONT></P>
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