BOSTON, MA--(Marketwired - Jan 16, 2014) - The Trustees of The Putnam Funds declared the following distributions.

   RECORD  PAYMENT
FUND NAME AND DISTRIBUTIONS  DATE  DATE
         
Putnam American Government Income Fund - Class B Shares (PAMBX)        
$0.0120 per share investment income   1/16/2014   1/21/2014
         
Putnam American Government Income Fund - Class C Shares (PAMIX)        
$0.0110 per share investment income   1/16/2014   1/21/2014
         
Putnam American Government Income Fund - Class M Shares (PAMMX)        
$0.0150 per share investment income   1/16/2014   1/21/2014
         
Putnam American Government Income Fund - Class R Shares (PAMRX)        
$0.0150 per share investment income   1/16/2014   1/21/2014
         
Putnam American Government Income Fund - Class Y Shares (PATYX)        
$0.0190 per share investment income   1/16/2014   1/21/2014
         
Putnam American Government Income Fund - Class R5 Shares (PAMDX)        
$0.0190 per share investment income   1/16/2014   1/21/2014
         
Putnam American Government Income Fund - Class R6 Shares (PAMEX)        
$0.0190 per share investment income   1/16/2014   1/21/2014
         
Putnam Dynamic Asset Allocation Conservative Fund - Class B Shares (PACBX)        
$0.0090 per share investment income   1/16/2014   1/21/2014
         
Putnam Dynamic Asset Allocation Conservative Fund - Class C Shares (PACCX)        
$0.0090 per share investment income   1/16/2014   1/21/2014
         
Putnam Dynamic Asset Allocation Conservative Fund - Class M Shares (PACMX)        
$0.0110 per share investment income   1/16/2014   1/21/2014
         
Putnam Dynamic Asset Allocation Conservative Fund - Class R Shares (PACRX)        
$0.0130 per share investment income   1/16/2014   1/21/2014
         
Putnam Dynamic Asset Allocation Conservative Fund - Class Y Shares (PACYX)        
$0.0170 per share investment income   1/16/2014   1/21/2014
         
Putnam Dynamic Asset Allocation Conservative Fund - Class R5 Shares (PACDX)        
$0.0180 per share investment income   1/16/2014   1/21/2014
         
Putnam Dynamic Asset Allocation Conservative Fund - Class R6 Shares (PCCEX)        
$0.0180 per share investment income   1/16/2014   1/21/2014