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PUTNAM COMPANIES REPORT YEAR-END RESULTS

                PUTNAM COMPANIES REPORT YEAR-END RESULTS
    BOSTON, Dec. 23 /PRNewswire/ -- The Putnam Companies today reported


the following year-end results:
    ASSET GROWTH
    Putnam's assets increased by 17 percent in 1991.  From $42.5 billion
    to $49.8 billion.
    Equity assets grew by 22 percent in 1991, compared with 16 percent
    for fixed-income funds.  Fixed-income still accounts for 69 percent
    of Putnam's business.  Equity assets $13 billion.  Fixed-income
    $36.8 billion.
    FIXED-INCOME SALES
    In 1991, investors shied away from lower yielding money market and
    tax-exempt products.
    Fixed-income funds represented almost two-thirds of total sales.
    Fixed-income sales increased over 50 percent.
    TOP FIXED-INCOME FUND SELLERS IN 1991
    U.S. Government Fund
    Adjustable Rate U.S. Government Fund
    California Tax-Exempt Fund
    New York Tax-Exempt Fund
    EQUITY SALES
    Increased over 60 percent in 1991.  Represent almost 25 percent of
    total sales in 1991.
    TOP EQUITY FUND SELLERS IN 1991
    Growth & Income Fund
    Health Sciences Fund
    Voyager
    Utilities Growth & Income
    Putnam is one of the nation's oldest and largest money management firms with 54 years of experience in mutual fund investing and a 22-year track record in managing institutional funds.  Currently, Putnam manages more than $49 billion in equity and fixed-income investments domestically and internationally for 1.7 million individuals and over 200 institutional investors worldwide.  Headquartered in Boston, the firm also has offices in London and Tokyo.
    -0-        12/23/91
    /CONTACT:  Mary Ellen Wiedenbeck, 212-704-8104, or Surya Shah, 212-704-8105, both of Edelman Public Relations for The Putnam Companies/ CO:  The Putnam Companies ST:  Massachusetts IN:  FIN SU:  ERN FC-KW -- NY079 -- 4960 12/23/91 16:35 EST
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Publication:PR Newswire
Date:Dec 23, 1991
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