<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>addtlinfo061.txt
<TEXT>
Putnam High Income Securities Fund, as of February 28, 2009,
semiannual shareholder report


74P

On September 26, 2008, the fund entered into an
Agreement with another registered investment company
(the Seller) managed by Putnam Management. Under
the Agreement, the Seller sold to the fund the right to
receive, in the aggregate, $10,185 in net payments from
Lehman Brothers Special Financing, Inc. in connection
with certain terminated derivatives transactions (the
Receivable), in exchange for an initial payment plus (or
minus) additional amounts based on the funds ultimate
realized gain (or loss) with respect to the Receivable. The
Receivable will be offset against the funds net payable to
Lehman Brothers Special Financing, Inc. and is included
in the Statement of assets and liabilities within Payable
for closed swap contracts. Future payments under the
Agreement are valued at fair value following procedures
approved by the Trustees and are included in the
Statement of assets and liabilities. All remaining payments
under the Agreement will be recorded as realized gain
or loss.

Item 85B

Additional Information About Errors and Omissions Policy

While no claims with respect to the Registrant/Series were filed
under such policy during the period, requests under such policy
for reimbursement of legal expenses and costs arising out of
claims of market timing activity in the Putnam Funds have been
submitted by the investment manager of the Registrant/Series.

</TEXT>
</DOCUMENT>
