BOSTON, MA--(Marketwire - February 15, 2013) - 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)
$0.0080 per share investment income		2/15/2013		2/20/2013
Putnam American Government Income Fund - Class C Shares (PAMIX)
$0.0070 per share investment income		2/15/2013		2/20/2013
Putnam American Government Income Fund - Class M Shares (PAMMX)
$0.0110 per share investment income		2/15/2013		2/20/2013
Putnam American Government Income Fund - Class R Shares (PAMRX)
$0.0110 per share investment income		2/15/2013		2/20/2013
Putnam American Government Income Fund - Class Y Shares (PATYX)
$0.0150 per share investment income		2/15/2013		2/20/2013
Putnam American Government Income Fund - Class R5 Shares (PAMDX)
$0.0150 per share investment income		2/15/2013		2/20/2013
Putnam American Government Income Fund - Class R6 Shares (PAMEX)
$0.0160 per share investment income		2/15/2013		2/20/2013
Putnam Dynamic Asset Allocation Conservative Fund - Class B Shares (PACBX)
$0.0070 per share investment income		2/15/2013		2/20/2013
Putnam Dynamic Asset Allocation Conservative Fund - Class C Shares (PACCX)
$0.0070 per share investment income		2/15/2013		2/20/2013
Putnam Dynamic Asset Allocation Conservative Fund - Class M Shares (PACMX)
$0.0090 per share investment income		2/15/2013		2/20/2013
Putnam Dynamic Asset Allocation Conservative Fund - Class R Shares (PACRX)
$0.0110 per share investment income		2/15/2013		2/20/2013
Putnam Dynamic Asset Allocation Conservative Fund - Class Y Shares (PACYX)
$0.0150 per share investment income		2/15/2013		2/20/2013
Putnam Dynamic Asset Allocation Conservative Fund - Class R5 Shares (PACDX)
$0.0150 per share investment income		2/15/2013		2/20/2013
Putnam Dynamic Asset Allocation Conservative Fund - Class R6 Shares (PCCEX)
$0.0160 per share investment income		2/15/2013		2/20/2013

Putnam Shareholders Contact:
1-800-225-1581