Putnam Announces Distribution Rates

The Trustees of The Putnam Funds declared the following distributions.

RECORD PAYMENT
FUND NAME AND DISTRIBUTIONS DATE DATE
Putnam Retirement Ready Maturity Fund - Class B Shares
$0.0890 per share investment income 9/25/07 10/1/07
Putnam Retirement Ready Maturity Fund - Class C Shares
$0.1100 per share investment income 9/25/07 10/1/07
Putnam Retirement Ready Maturity Fund - Class M Shares
$0.1210 per share investment income 9/25/07 10/1/07
Putnam Retirement Ready Maturity Fund - Class R Shares
$0.1320 per share investment income 9/25/07 10/1/07
Putnam Retirement Ready Maturity Fund - Class Y Shares
$0.1540 per share investment income 9/25/07 10/1/07

Contacts:

Shareholders
1-800-225-1581
or
Media
Putnam Investments
Sinead Martin, 617-760-8515

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