FORM N-PX
       ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
                            INVESTMENT COMPANY

Investment Company Act file number: File No. 811-05452

Putnam Premier Income Trust
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   (Exact name of registrant as specified in charter)

One Post Office Square, Boston, Massachusetts 02109
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   (Address of principal executive offices)

Beth S. Mazor, Vice President
Putnam Premier Income Trust
One Post Office Square
Boston, Massachusetts 02109

Copy To:
John W. Gerstmayr, Esq.
Ropes & Gray LLP
One International Place
Boston, Massachusetts 02110

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   (Name and address of agent for service)

Registrant's telephone number, including area code: (617) 292-1000

Date of Fiscal year-end: 7/31

Date of reporting period: 7/1/2003 - 6/30/2004


Item 1. Proxy Voting Record

Account Number: Putnam Premier Income Trust




ISSUER NAME                                  TICKER    CUSIP     MTG DATE       MTG TYPE
                                                                 Proposal Type  Voted?         Vote     For/Agnst Mgmt
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ALDERWOODS GROUP INC                                014383103     5/4/04         Annual
  1.10  Elect Director Lloyd E. Campbell                          MGMT           YES           FOR      FOR
  1.20  Elect Director Anthony G. Eames                           MGMT           YES           FOR      FOR
  1.30  Elect Director Charles M. Elson                           MGMT           YES           FOR      FOR
  1.40  Elect Director David R. Hilty                             MGMT           YES           FOR      FOR
  1.50  Elect Director Paul A. Houston                            MGMT           YES           FOR      FOR
  1.60  Elect Director Olivia F. Kirtley                          MGMT           YES           FOR      FOR
  1.70  Elect Director John S. Lacey                              MGMT           YES           FOR      FOR
  1.80  Elect Director William R. Riedl                           MGMT           YES           FOR      FOR
  1.90  Elect Director W. Macdonald Snow, Jr.                     MGMT           YES           FOR      FOR
  2.00  Ratify Auditors                                           MGMT           YES           FOR      FOR

Covad Communications Group, Inc            COVD     222814204     8/14/03        Annual
  1.10  Elect Director Larry Irving                               MGMT           YES           FOR      FOR
  1.20  Elect Director Richard A. Jalkut                          MGMT           YES           FOR      FOR
  1.30  Elect Director Daniel C. Lynch                            MGMT           YES           FOR      FOR
  2.00  Approve Employee Stock Purchase Plan                      MGMT           YES           AGNST    AGNST
  3.00  Ratify Auditors                                           MGMT           YES           FOR      FOR

Covad Communications Group, Inc            COVD     222814204     6/10/04        Annual
  1.10  Elect Director L. Dale Crandall                           MGMT           YES           FOR      FOR
  1.20  Elect Director Hellene S. Runtagh                         MGMT           YES           FOR      FOR
  2.00  Ratify Auditors                                           MGMT           YES           FOR      FOR

Crown Castle International Corp.           CCI      228227104     5/26/04        Annual
  1.10  Elect Director Randall A. Hack                            MGMT           YES           AGNST    AGNST
  1.20  Elect Director Edward C. Hutcheson, Jr.                   MGMT           YES           AGNST    AGNST
  1.30  Elect Director J. Landis Martin                           MGMT           YES           AGNST    AGNST
  2.00  Approve Omnibus Stock Plan                                MGMT           YES           FOR      FOR
  3.00  Ratify Auditors                                           MGMT           YES           FOR      FOR
  4.00  Implement MacBride Principles                             SHLDR          YES           AGNST    FOR

Globix Corp.                               GBIXQ    37957F200     2/24/04        Annual
  1.10  Elect Director Peter K. Stevenson                         MGMT           YES           AGNST    AGNST
  1.20  Elect Director Peter S. Brodsky                           MGMT           YES           AGNST    AGNST
  1.30  Elect Director Peter L. Herzig                            MGMT           YES           AGNST    AGNST
  1.40  Elect Director Steven Lampe                               MGMT           YES           AGNST    AGNST
  1.50  Elect Director Steven G. Singer                           MGMT           YES           AGNST    AGNST
  1.60  Elect Director Raymond Steele                             MGMT           YES           AGNST    AGNST
  1.70  Elect Director Steven A. Van Dyke                         MGMT           YES           AGNST    AGNST
  2.00  Amend Stock Option Plan                                   MGMT           YES           AGNST    AGNST

Knology, Inc.                                 KNOL  499183804     5/4/04         Annual
  1.10  Elect Director William Laverack, Jr.                      MGMT           YES           FOR      FOR
  1.20  Elect Director Bret D. Pearlman                           MGMT           YES           FOR      FOR
  1.30  Elect Director Alan A. Burgess                            MGMT           YES           FOR      FOR
  1.40  Elect Director Donald W. Burton                           MGMT           YES           FOR      FOR
  1.50  Elect Director William H. Scott, III                      MGMT           YES           FOR      FOR
  2.00  Eliminate Class of Preferred Stock                        MGMT           YES           AGNST    AGNST
  3.00  Amend Articles/Bylaws/Charter-Non-Routine                 MGMT           YES           FOR      FOR
  4.00  Restrict Right to Act by Written Consent                  MGMT           YES           AGNST    AGNST
  5.00  Approve Repricing of Options                              MGMT           YES           AGNST    AGNST
  6.00  Amend Omnibus Stock Plan                                  MGMT           YES           AGNST    AGNST

Leucadia National Corp.                       LUK   527288104     5/11/04        Annual
  1.10  Elect Director Ian M. Cumming                             MGMT           YES           FOR      FOR
  1.20  Elect Director Paul M. Dougan                             MGMT           YES           FOR      FOR
  1.30  Elect Director Lawrence D. Glaubinger                     MGMT           YES           FOR      FOR
  1.40  Elect Director Alan J. Hirschfield                        MGMT           YES           FOR      FOR
  1.50  Elect Director James E. Jordan                            MGMT           YES           FOR      FOR
  1.60  Elect Director Jeffrey C. Keil                            MGMT           YES           FOR      FOR
  1.70  Elect Director Jesse Clyde Nichols III                    MGMT           YES           FOR      FOR
  1.80  Elect Director Joseph S. Steinberg                        MGMT           YES           FOR      FOR
  2.00  Amend Articles to Extend Provisions                       MGMT           YES           FOR      FOR
        that Restrict Accumulation of 5%
        Common Stock
  3.00  Ratify Auditors                                           MGMT           YES           FOR      FOR

Lodgian, Inc.                                 LGN   54021P205     4/8/04         Annual
  1.10  Elect Director Sean F. Armstrong                          MGMT           YES           FOR      FOR
  1.20  Elect Director Russel S. Bernard                          MGMT           YES           FOR      FOR
  1.30  Elect Director Stewart J. Brown                           MGMT           YES           FOR      FOR
  1.40  Elect Director Kenneth A. Caplan                          MGMT           YES           FOR      FOR
  1.50  Elect Director Stephen P. Grathwohl                       MGMT           YES           FOR      FOR
  1.60  Elect Director Jonathan D. Gray                           MGMT           YES           AGNST    AGNST
  1.70  Elect Director Kevin C. McTavish                          MGMT           YES           FOR      FOR
  1.80  Elect Director W. Thomas Parrington                       MGMT           YES           FOR      FOR
  2.00  Amend Omnibus Stock Plan                                  MGMT           YES           FOR      FOR
  3.00  Approve Reverse Stock Split                               MGMT           YES           FOR      FOR
  4.00  Amend Articles/Bylaws/                                    MGMT           YES           FOR      FOR
        Charter-Organization-Related
  5.00  Ratify Auditors                                           MGMT           YES           FOR      FOR

Lodgian, Inc.                                 LGN   54021P304     4/8/04         Annual
  1.00  Approve Reverse Stock Split                               MGMT           YES           FOR      FOR
  2.00  Amend Articles                                            MGMT           YES           FOR      FOR

Mariner Health Care, Inc.                     MHCA  56845X108     7/30/03        Annual
  1.10  Elect Director Victor L. Lund                             MGMT           YES           AGNST    AGNST
  1.20  Elect Director C. Christian Winkle                        MGMT           YES           AGNST    AGNST
  1.30  Elect Director Patrick H. Daugherty                       MGMT           YES           AGNST    AGNST
  1.40  Elect Director Earl P. Holland                            MGMT           YES           AGNST    AGNST
  1.50  Elect Director Philip L. Maslowe                          MGMT           YES           AGNST    AGNST
  1.60  Elect Director Mohsin Y. Meghji                           MGMT           YES           AGNST    AGNST
  1.70  Elect Director M. Edward Stearns                          MGMT           YES           AGNST    AGNST

Metrocall Holdings, Inc.                      MTOH  59164X105     9/24/03        Special
  1.00  Increase Authorized Common Stock                          MGMT           YES           FOR      FOR
        Increase Authorized Common Stock
  2.00  Amend Securities Transfer Restrictions                    MGMT           YES           FOR      FOR
        Amend Securities Transfer Restrictions
  3.00  Amend Stock Option Plan                                   MGMT           YES           AGNST    AGNST
        Amend Stock Option Plan

Metrocall Holdings, Inc.                      MTOH  59164X204     9/24/03        Special
  1.00  Increase Authorized Common Stock                          MGMT           YES           FOR      FOR
        Increase Authorized Common Stock
  2.00  Amend Securities Transfer Restrictions                    MGMT           YES           FOR      FOR
        Amend Securities Transfer Restrictions
  3.00  Amend Stock Option Plan                                   MGMT           YES           AGNST    AGNST
        Amend Stock Option Plan

Microcell Telecommunication                   MT.B                5/5/04         Special
  1.00  Ratify Ernst & Young as Auditors                          MGMT           YES           FOR      FOR
        and Authorise Board to Fix
        Remuneration of Auditors.
  2.00  The Resolution to Confirm the General                     MGMT           YES           AGNST    AGNST
        By-Law of the Corporation.
  3.00  Confirm the Expiration Time Under the                     MGMT           YES           FOR      FOR
        Shareholder Rights Plan of the Corporation.
  4.00  Amend Stock Option Plan                                   MGMT           YES           FOR      FOR

Paxson Communications Corp.                   PAX   704231604     5/21/04        Annual
  1.10  Elect Director Lowell W. Paxson                           MGMT           YES           AGNST    AGNST
  1.20  Elect Director Henry J. Brandon                           MGMT           YES           AGNST    AGNST
  1.30  Elect Director Elizabeth J. Hudson                        MGMT           YES           AGNST    AGNST
  2.00  Ratify Auditors                                           MGMT           YES           FOR      FOR

Pioneer Companies, Inc.                       PONR  723643300     5/13/04        Annual
  1.10  Elect Director David N. Weinstein                         MGMT           YES           FOR      FOR
  1.20  Elect Director Michael Y. Mcgovern                        MGMT           YES           FOR      FOR
  1.30  Elect Director Marvin E. Lesser                           MGMT           YES           FOR      FOR
  1.40  Elect Director Gary L. Rosenthal                          MGMT           YES           FOR      FOR
  1.50  Elect Director Charles L. Mears                           MGMT           YES           FOR      FOR
  2.00  Ratify Auditors                                           MGMT           YES           FOR      FOR

PTV Inc.                                            62940R202     1/27/04        Special
  1.00  Approve Reverse Stock Split                               MGMT           YES           AGNST    AGNST
  2.00  Change Company Name                                       MGMT           YES           FOR      FOR

Safety Components International, Inc.         SAFY  786474205     10/14/03       Annual
  1.10  Elect Director Ben E. Waide III                           MGMT           NO
  1.20  Elect Director Carroll R. Wetzel, Jr.                     MGMT           NO
  2.00  Ratify Auditors                                           MGMT           NO

Sterling Chemicals, Inc.                      SCHI  859166100     4/16/04        Annual
  1.10  Elect Director Richard K. Crump                           MGMT           YES           AGNST    AGNST
        Elect Director Richard K. Crump
  1.20  Elect Director Peter Ting Kai Wu                          MGMT           YES           AGNST    AGNST
        Elect Director Peter Ting Kai Wu
  2.00  Ratify Auditors                                           MGMT           YES           FOR      FOR
        Ratify Auditors

Sterling Chemicals, Inc.                      SCHI  859166AA8     4/16/04        Annual
  1.10  Elect Director Richard K. Crump                           MGMT           YES           AGNST    AGNST
        Elect Director Richard K. Crump
  1.20  Elect Director Peter Ting Kai Wu                          MGMT           YES           AGNST    AGNST
        Elect Director Peter Ting Kai Wu
  2.00  Ratify Auditors                                           MGMT           YES           FOR      FOR
        Ratify Auditors

Sun Healthcare Group, Inc.                    SUNH  866933401     5/19/04        Annual
  1.10  Elect Director Gregory S. Anderson                        MGMT           YES           FOR      FOR
  1.20  Elect Director Richard K. Matros                          MGMT           YES           FOR      FOR
  1.30  Elect Director Bruce C. Vladeck, Ph.D.                    MGMT           YES           FOR      FOR
  1.40  Elect Director Milton J. Walters                          MGMT           YES           FOR      FOR
  2.00  Approve Omnibus Stock Plan                                MGMT           YES           FOR      FOR
  3.00  Ratify Auditors                                           MGMT           YES           FOR      FOR

Washington Group International Inc            WGII  938862208     5/7/04         Annual
  1.00  Declassify the Board of Directors                         MGMT           YES           FOR      FOR
  2.10  Elect Director Stephen G. Hanks                           MGMT           YES           FOR      FOR
  2.20  Elect Director Michael P. Monaco                          MGMT           YES           FOR      FOR
  2.30  Elect Director Cordell Reed                               MGMT           YES           FOR      FOR
  2.40  Elect Director Bettina M. Whyte                           MGMT           YES           FOR      FOR
  3.00  Ratify Auditors                                           MGMT           YES           FOR      FOR
  4.00  Approve Omnibus Stock Plan                                MGMT           YES           AGNST    AGNST



Any ballot marked 'Abstain' is considered to have been voted. Ballots
marked 'Abstain' are considered to have been voted against management's
recommendation, regardless of whether the recommendation is 'For' or
'Against,' except where management has made no recommendation or has
recommended that shareholders 'Abstain.'

Where management has recommended that shareholders 'Abstain' from voting on
a ballot item: 1) a ballot market 'Abstain' is considered to have been
voted for management's recommendation to 'Abstain' and 2) a ballot voted
'For" or 'Against' is considered to have been voted against management's
recommendation to 'Abstain.'

Where management has made no recommendation on a ballot item, the
abbreviation "N/A" is used to denote that there is no applicable
recommendation compared to which a vote may be 'For' or 'Against' the
recommendation of management.

SIGNATURES:

Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


Putnam Premier Income Trust
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    (Registrant)

By:       /s/ Charles E. Porter*, Executive Vice President,
          Associate Treasurer and Principal Executive Officer
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    (Signature & Title)


Date: August 23, 2004
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          * By Jonathan S. Horwitz,
            pursuant to a Power-of-Attorney