Change of Broker/Dealer Form

CHANGE OF BROKER/DEALER FORM

Mutual Funds

TO: PUTNAM FUNDS

ONE POST OFFICE SQUARE

BOSTON, MA 02109

1-800-225-1581

RE: _________________________________

(Fund Name)

_________________________________

(Fund Account Number)

_________________________________ ______________________________

(Shareholder Name)

_________________________________

_________________________________

_________________________________

(Address)

Dear Shareholder Services:

Please make the following changes in designation of Broker/Dealer and Registered Representative of the above referenced account(s). This change does not otherwise alter the terms and provisions of my account. This change of dealer authorization will become effective on the date that you receive it.

NEW REPRESENTATIVE: NEW DEALER DESIGNATION:

Feltl and Company

_____________________________ P.O. Box 2980

Minneapolis, MN 55402

REP #:_______________________

_________________________________ ____________________________________

(Signature of Investor) (Date) (Signature of Investor, if Joint Account) (Date)

ALL PARTIES LISTED ON THE ACCOUNT MUST SIGN.

Change of BD Form.doc 07/02/02