2012 tax outlook and planning strategies

The views and opinions expressed are those of the individual speakers, are subject to change with market conditions and are not meant as investment advice. All economic and performance information is historical and not indicative of future results.

All funds involve risk and you can lose money. See prospectus for details.

Putnam 529 for America is sponsored by the State of Nevada, acting through the Trustees of the College Savings Plans of Nevada and the Nevada College Savings Trust Fund. Anyone may invest in the plan and use the proceeds to attend school in any state. Before investing, consider whether your state's plan or that of your beneficiary offers state tax and other benefits not available through Putnam 529 for America. If you withdraw money for something other than qualified higher education expenses, you will owe federal income tax and may face a 10% federal tax penalty on earnings. Consult your tax advisor.

Request a prospectus or offering statement from your financial representative, by calling Putnam at 1-800-225-1581, or visit the prospectus section. The prospectus and offering statement includes investment objectives, risks, fees, expenses, and other information about the funds and Putnam 529 for America that you should read and consider carefully before investing.

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