Shareholder meeting results (Unaudited)

November 19, 2009 meeting

At the meeting, each of the nominees for Trustees was elected, as
follows:

      				Votes for 	Votes withheld
Ravi Akhoury		 	122,050,155 	5,989,664
Jameson A. Baxter 		122,016,579 	6,023,240
Charles B. Curtis 		121,909,970 	6,129,849
Robert J. Darretta 		122,055,192 	5,984,627
Myra R. Drucker 		121,903,238 	6,136,581
John A. Hill 			121,854,250 	6,185,569
Paul L. Joskow 			122,036,888 	6,002,931
Elizabeth T. Kennan 		121,727,737 	6,312,082
Kenneth R. Leibler 		122,024,900 	6,014,919
Robert E. Patterson 		121,991,175 	6,048,644
George Putnam, III 		121,915,265 	6,124,554
Robert L. Reynolds 		122,110,981	5,928,838
W. Thomas Stephens 		122,018,117 	6,021,702
Richard B. Worley 		121,953,708 	6,086,111

A proposal to approve a new management contract between the fund
and Putnam Management with both FundFamily breakpoints and performance
fees was approved as follows:

Votes For	Votes against 	Abstentions 	Broker non votes
89,696,269 	5,248,202 	2,914,684 	30,180,664

A proposal to approve a new management contract between the fund
and Putnam Management with Fund Familybreakpoints only was approved as follows:

Votes For	Votes against 	Abstentions 	Broker non votes
89,831,529 	4,924,025 	3,103,600 	30,180,665

A proposal to approve a new management contract between the fund
and Putnam Management with performancefees only was approved as follows:

Votes For	Votes against 	Abstentions 	Broker non votes
89,627,518 	5,165,913 	3,065,723 	30,180,665

A shareholder proposal requesting that the Board institute
procedures to prevent the fund from holding investments
in companies that, in the judgment of the Board, substantially
contribute to genocide or crimes against
humanity was defeated as follows:

Votes For	Votes against 	Abstentions 	Broker non votes
26,179,975 	68,288,637 	3,390,542 	30,180,665

All tabulations are rounded to the nearest whole number.