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      <registrantcity>BOSTON</registrantcity>
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      <registrantstate>US-MA</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>1-800-225-1581</registrantphoneNumber>
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        <website webpage="WWW.PUTNAM.COM"/>
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          <officeName>State Street Bank and Trust Company</officeName>
          <officeAddress1>225 FRANKLIN STREET</officeAddress1>
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        <locationBooksRecord>
          <officeName>Higgins Michael J.</officeName>
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          <officeName>Putnam Retail Management Limited Partnership</officeName>
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        <locationBooksRecord>
          <officeName>Putnam Investor Services, Inc.</officeName>
          <officeAddress1>100 FEDERAL STREET</officeAddress1>
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      <isRegistrantLastFiling>N</isRegistrantLastFiling>
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      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
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      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
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      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
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      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
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      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
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        <fundType>N/A</fundType>
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        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 17e-1 (17 CFR 270.17e-1)</relyOnRuleType>
          <relyOnRuleType>Rule 23c-1 (17 CFR 270.23c-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
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        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
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            <principalTotalPurchaseSale>41052562.27</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>5981007394.58</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>564263744.00</mnthlyAvgNetAssets>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <closedEndManagementInvestment>
      <securityRelatedItems>
        <securityRelatedItem>
          <description>Common stock</description>
          <securityClassTitle>Common</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="XNYS" commonStockTickerSymbol="PPT"/>
          </commonStocks>
        </securityRelatedItem>
      </securityRelatedItems>
      <isRightsOffering>N</isRightsOffering>
      <isSecondaryOffering>N</isSecondaryOffering>
      <repurchaseSecurities isRepurchaseSecurity="Y">
        <repurchaseSecurityType>Common stock</repurchaseSecurityType>
      </repurchaseSecurities>
      <isDefaultLongTermDebt>N</isDefaultLongTermDebt>
      <isDividendsInArrears>N</isDividendsInArrears>
      <isSecuritiesModified>N</isSecuritiesModified>
      <managementFee>0.738</managementFee>
      <netOperatingExpenses>0.93</netOperatingExpenses>
      <marketPricePerShare>5.32</marketPricePerShare>
      <netAssetValuePerShare>5.44</netAssetValuePerShare>
    </closedEndManagementInvestment>
    <attachmentsTab>
      <isLegalProceedings>false</isLegalProceedings>
      <isProvisionFinancialSupport>false</isProvisionFinancialSupport>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
      <isChangeAccPrinciples>false</isChangeAccPrinciples>
      <isInfoRequiredEO>false</isInfoRequiredEO>
      <isOtherInfoRequired>false</isOtherInfoRequired>
    </attachmentsTab>
    <signature registrantSignedName="Putnam Premier Income Trust" signedDate="2019-10-11" signature="Janet C. Smith" title="Principal Financial Officer"/>
  </formData>
</edgarSubmission>
