TEXT OF A LETTER TO BE SENT IF SHAREHOLDER ABSTAINED FROM VOTING ON
THE MANAGEMENT CONTRACT PROPOSAL.

OFFICE OF
THE CHAIRMAN

A SPECIAL LETTER TO SHAREHOLDERS OF PUTNAM CONVERTIBLE INCOME-
GROWTH TRUST

(Date)



Dear Shareholder,

On behalf of the Trustees of Putnam Convertible Income-Growth
Trust, we thank you for sending us your completed proxy for the
Fund.

According to our records, you elected to abstain from voting on the
proposal to make changes in the management contract.  We would like
to be sure that you are fully aware of the implications of this
decision.

Your Fund's Trustees have unanimously approved the proposed changes
in the management contract outlined in the proxy statement.  The
proposal requires approval by 67% of the shares voted (or approval
by a majority of the outstanding shares, if less) in favor of the
proposal at the shareholder meeting on May 5, 1994.  If that
percentage is not achieved, the meeting will be adjourned until a
larger number of shareholders vote their proxies, which in turn may
end up costing the Fund more money for further mailings.

We appreciate your prompt response to our initial mailings. 
However, we would like you to reconsider your decision and vote
your shares in favor of the Trustees' proposal.  You may do so
simply by completing and signing the enclosed card and returning it
in the postage paid envelope provided.  Your current vote will
remain in effect if you decide not to return the enclosed card.

We urge you to call one of our service representatives toll-free at
1-800-XXX-XXXX weekdays from 8:30 a.m. to 8:00 p.m. Eastern time if
you would like further explanation on the proposal.  Thank you for
giving this important matter concerning your Fund such serious
consideration.

Sincerely yours,



/s/ George Putnam
George Putnam
Chairman

Text of a letter to be used if shareholders voted NO on the
Management Contract proposal.

OFFICE OF
THE CHAIRMAN

A SPECIAL LETTER TO SHAREHOLDERS OF PUTNAM CONVERTIBLE INCOME-
GROWTH TRUST

(Date)



Dear Shareholder,

On behalf of the Trustees of Putnam Convertible Income-Growth
Trust, we thank you for sending us your completed proxy for the
Fund.

According to our records, you elected to vote against the proposed
changes in the management contract.  We would like to be sure that
you are fully aware of the implications of this decision.

Your Fund's Trustees have unanimously approved the proposed changes
in the management contract outlined in the proxy statement.  The
proposal requires approval by 67% of the shares voted (or approval
by a majority of the outstanding shares, if less) in favor of the
proposal at the shareholder meeting on May 5, 1994.  If that
percentage is not achieved, the meeting will be adjourned until a
larger number of shareholders vote their proxies, which in turn may
end up costing the Fund more money for further mailings.

We appreciate your prompt response to our initial mailings. 
However, we would like you to reconsider your decision and vote
your shares in favor of the Trustees' proposal.  You may do so
simply by completing and signing the enclosed card and returning it
in the postage paid envelope provided.  Your current vote will
remain in effect if you decide not to return the enclosed card.

We urge you to call one of our service representatives toll-free at
1-800-XXX-XXXX weekdays from 8:30 a.m. to 8:00 p.m. Eastern time if
you would like further explanation on the proposal.  Thank you for
giving this important matter concerning your Fund such serious
consideration.

Sincerely yours,

/s/ George Putnam
George Putnam
Chairman


S:\shared\proxy\workingA08Add