<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>acctpron061.txt
<TEXT>
Putnam High Income Securities Fund, as of February 28, 2009,
semiannual shareholder report

In March 2008, Statement of Financial Accounting Standards No.
161, Disclosures about Derivative Instruments and Hedging
Activities (SFAS 161) an amendment of FASB Statement No. 133, was
issued and is effective for fiscal years and interim periods
beginning after November 15, 2008. SFAS 161 requires enhanced
disclosures about how and why an entity uses derivative
instruments and how derivative instruments affect an entitys
financial position. Putnam Management is currently evaluating the
impact the adoption of SFAS 161 will have on the funds financial
statement disclosures.
</TEXT>
</DOCUMENT>
