Form 1099-INT

Putnam Investor Services P.O. Box 8383 Boston, MA 02266-8383 1-800-225-1581 RECIPIENT'S name, address, and ZIP code JOANNE SAMPLE PO BOX 41203 PROVIDENCE RI 02940-1203 Corrected (if checked)	2011 Interest Income This is important tax information and is being furnished to the Internal Revenue Service (IRS). If you are required to file a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported. Recipient's tax identification number xxx-xx-1234

Name of Fund (Payer), Tax I.D. Number, and Account Number	8. Tax-Exempt Interest	4. Federal Income Tax Withheld	9. Specified Private Activity Bond Interest
TAX EX MNY MKT-A 04-6561110 0021-0123456789	9.37	.00	2.17
TAX-FREE HI YLD-A 04-2883599 0040-0123456789	10.57	.00	3.17
MANAGED MUNI INC 04-6608976 5801-0123456789	13.78	.00	1.17

Frequently Asked Questions

• Why did I receive both a form 1099-DIV and 1099-INT?
  If your fund earned both taxable and nontaxable income, you will receive from Putnam both of these forms.
• What is the income subject to AMT shown on my 1099-INT?
  Certain income from tax preference items, such as private-activity bonds, is subject to the Alternative Minimum Tax (AMT). The amount shown in column 9 of your 1099-INT is your allocable amount of income derived from AMT bonds for the calendar year and may need to be reported by you on IRS Form 6251, "Alternative Minimum Tax for Individuals." Consult your tax advisor to determine whether AMT applies to your tax situation.
• How do I know if I am subject to AMT?
  You have to calculate your tax under the regular tax system and then calculate it under the AMT system by adding tax preference items. If the AMT is greater than the regular tax, then you must pay the higher tax. The difference between your AMT and regular tax is your AMT liability.
• How do I determine how much of the tax-exempt income I received during the year is exempt from my state's income tax?
  Putnam's 1099-INT includes an income by state breakdown on a fund-by-fund basis, which allows our shareholders to determine easily their individual state exemption amounts.

Additional information