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SIGNATURE PAUL BUCUVALAS
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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Putnam International Growth and Income Fund
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,381,236)
<DISTRIBUTIONS-OF-GAINS> (9,086,740)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 20,938,154
<NUMBER-OF-SHARES-REDEEMED> (9,776,217)
<SHARES-REINVESTED> 1,153,487
<NET-CHANGE-IN-ASSETS> 258,768,075
<ACCUMULATED-NII-PRIOR> 4,165,273
<ACCUMULATED-GAINS-PRIOR> 8,321,322
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,055,100
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,744,245
<AVERAGE-NET-ASSETS> 239,003,698
<PER-SHARE-NAV-BEGIN> 10.76
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.33
<PER-SHARE-DIVIDEND> (0.14)
<PER-SHARE-DISTRIBUTIONS> (0.36)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.61
<EXPENSE-RATIO> 0.73
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
Putnam International Growth and Income Fund
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> DECEMBER-30-1997
<INVESTMENTS-AT-COST> 594,780,230
<INVESTMENTS-AT-VALUE> 619,620,835
<RECEIVABLES> 6,376,591
<ASSETS-OTHER> 567,902
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 626,565,328
<PAYABLE-FOR-SECURITIES> 11,194,910
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,706,990
<TOTAL-LIABILITIES> 17,901,900
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 583,445,975
<SHARES-COMMON-STOCK> 27,669,465
<SHARES-COMMON-PRIOR> 16,300,621
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (2,400,786)
<ACCUMULATED-NET-GAINS> 2,498,703
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 25,119,536
<NET-ASSETS> 608,663,428
<DIVIDEND-INCOME> 3,310,493
<INTEREST-INCOME> 1,028,204
<OTHER-INCOME> 0
<EXPENSES-NET> 4,595,146
<NET-INVESTMENT-INCOME> (256,449)
<REALIZED-GAINS-CURRENT> 13,535,114
<APPREC-INCREASE-CURRENT> (1,486,376)
<NET-CHANGE-FROM-OPS> 11,792,289
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,639,976)
<DISTRIBUTIONS-OF-GAINS> (9,331,399)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,933,130
<NUMBER-OF-SHARES-REDEEMED> (1,632,482)
<SHARES-REINVESTED> 1,068,196
<NET-CHANGE-IN-ASSETS> 258,768,075
<ACCUMULATED-NII-PRIOR> 4,165,273
<ACCUMULATED-GAINS-PRIOR> 8,321,322
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,055,100
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,744,245
<AVERAGE-NET-ASSETS> 247,103,563
<PER-SHARE-NAV-BEGIN> 10.72
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 0.34
<PER-SHARE-DIVIDEND> (0.10)
<PER-SHARE-DISTRIBUTIONS> (0.36)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.57
<EXPENSE-RATIO> 1.11
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
Putnam International Growth and Income Fund
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> CLASS M
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> DECEMBER-30-1997
<INVESTMENTS-AT-COST> 594,780,230
<INVESTMENTS-AT-VALUE> 619,620,835
<RECEIVABLES> 6,376,591
<ASSETS-OTHER> 567,902
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 626,565,328
<PAYABLE-FOR-SECURITIES> 11,194,910
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,706,990
<TOTAL-LIABILITIES> 17,901,900
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 583,445,975
<SHARES-COMMON-STOCK> 2,818,396
<SHARES-COMMON-PRIOR> 1,592,773
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (2,400,786)
<ACCUMULATED-NET-GAINS> 2,498,703
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 25,119,536
<NET-ASSETS> 608,663,428
<DIVIDEND-INCOME> 3,310,493
<INTEREST-INCOME> 1,028,204
<OTHER-INCOME> 0
<EXPENSES-NET> 4,595,146
<NET-INVESTMENT-INCOME> (256,449)
<REALIZED-GAINS-CURRENT> 13,535,114
<APPREC-INCREASE-CURRENT> (1,486,376)
<NET-CHANGE-FROM-OPS> 11,792,289
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (288,398)
<DISTRIBUTIONS-OF-GAINS> (939,594)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,557,196
<NUMBER-OF-SHARES-REDEEMED> (434,307)
<SHARES-REINVESTED> 102,734
<NET-CHANGE-IN-ASSETS> 258,768,075
<ACCUMULATED-NII-PRIOR> 4,165,273
<ACCUMULATED-GAINS-PRIOR> 8,321,322
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,055,100
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,744,245
<AVERAGE-NET-ASSETS> 24,849,585
<PER-SHARE-NAV-BEGIN> 10.74
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 0.33
<PER-SHARE-DIVIDEND> (0.11)
<PER-SHARE-DISTRIBUTIONS> (0.36)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.59
<EXPENSE-RATIO> 0.98
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
Putnam High Yield Total Return Fund
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> Dec-31-1997
<INVESTMENTS-AT-COST> 32,873,537
INVESTMENTS-AT-VALUE> 33,392,655
<RECEIVABLES> 956,939
<ASSETS-OTHER> 590,108
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 34,939,702
<PAYABLE-FOR-SECURITIES> 712,938
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 372,310
<TOTAL-LIABILITIES> 1,085,248
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 33,452,705
<SHARES-COMMON-STOCK> 1,650,620
<SHARES-COMMON-PRIOR> 1,078,330
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (192,114)
<ACCUMULATED-NET-GAINS> 75,587
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 518,276
<NET-ASSETS> 33,854,454
<DIVIDEND-INCOME> 1,193,395
<INTEREST-INCOME> 151,427
<OTHER-INCOME> 0
<EXPENSES-NET> 257,543
<NET-INVESTMENT-INCOME> 1,087,279
<REALIZED-GAINS-CURRENT> 540,275
<APPREC-INCREASE-CURRENT> 260,205
<NET-CHANGE-FROM-OPS> 1,887,759
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (596,739)
<DISTRIBUTIONS-OF-GAINS> (231,534)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 820,121
<NUMBER-OF-SHARES-REDEEMED> (32,453)
<SHARES-REINVESTED> 77,122
<NET-CHANGE-IN-ASSETS> 12,034,722
<ACCUMULATED-NII-PRIOR> 212,757
<ACCUMULATED-GAINS-PRIOR> 71,709
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 115,067
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 273,188
<AVERAGE-NET-ASSETS> 12,404,507
<PER-SHARE-NAV-BEGIN> 8.72
<PER-SHARE-NII> .36
<PER-SHARE-GAIN-APPREC> .32
<PER-SHARE-DIVIDEND> (.42)
<PER-SHARE-DISTRIBUTIONS> (.15)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.83
<EXPENSE-RATIO> .76
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
Putnam High Yield Total Return Fund
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> Dec-31-1997
<INVESTMENTS-AT-COST> 32,873,537
INVESTMENTS-AT-VALUE> 33,392,655
<RECEIVABLES>
956,939
<ASSETS-OTHER> 590,108
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 34,939,702
<PAYABLE-FOR-SECURITIES> 712,938
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 372,310
<TOTAL-LIABILITIES> 1,085,248
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 33,452,705
<SHARES-COMMON-STOCK> 1,989,414
<SHARES-COMMON-PRIOR> 1,273,850
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (192,114)
<ACCUMULATED-NET-GAINS> 75,587
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 518,276
<NET-ASSETS> 33,854,454
<DIVIDEND-INCOME> 1,193,395
<INTEREST-INCOME> 151,427
<OTHER-INCOME> 0
<EXPENSES-NET> 257,543
<NET-INVESTMENT-INCOME> 1,087,279
<REALIZED-GAINS-CURRENT> 540,275
<APPREC-INCREASE-CURRENT> 260,205
<NET-CHANGE-FROM-OPS> 1,887,759
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (799,584)
<DISTRIBUTIONS-OF-GAINS> (273,472)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,087,114
<NUMBER-OF-SHARES-REDEEMED> (476,360)
<SHARES-REINVESTED> 104,810
<NET-CHANGE-IN-ASSETS> 12,034,722
<ACCUMULATED-NII-PRIOR> 212,757
<ACCUMULATED-GAINS-PRIOR> 71,709
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 115,067
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 273,188
<AVERAGE-NET-ASSETS> 14,472,709
<PER-SHARE-NAV-BEGIN> 8.71
<PER-SHARE-NII> .32
<PER-SHARE-GAIN-APPREC> .33
<PER-SHARE-DIVIDEND> (.47)
<PER-SHARE-DISTRIBUTIONS> (.15)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.84
<EXPENSE-RATIO> 1.13
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
Putnam High Yield Total Return Fund
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> CLASS M
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> Dec-31-1997
<INVESTMENTS-AT-COST> 32,873,537
INVESTMENTS-AT-VALUE> 33,392,655
<RECEIVABLES> 956,939
<ASSETS-OTHER> 590,108
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 34,939,702
<PAYABLE-FOR-SECURITIES> 712,938
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 372,310
<TOTAL-LIABILITIES> 1,085,248
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 33,452,705
<SHARES-COMMON-STOCK> 216,252
<SHARES-COMMON-PRIOR> 150,648
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (192,114)
<ACCUMULATED-NET-GAINS> 75,587
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 518,276
<NET-ASSETS> 33,854,454
<DIVIDEND-INCOME> 1,193,395
<INTEREST-INCOME> 151,427
<OTHER-INCOME> 0
<EXPENSES-NET> 257,543
<NET-INVESTMENT-INCOME> 1,087,279
<REALIZED-GAINS-CURRENT> 540,275
<APPREC-INCREASE-CURRENT> 260,205
<NET-CHANGE-FROM-OPS> 1,887,759
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (95,827)
<DISTRIBUTIONS-OF-GAINS> (31,391)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 101,151
<NUMBER-OF-SHARES-REDEEMED> (47,159)
<SHARES-
REINVESTED> 11,612
<NET-CHANGE-IN-ASSETS> 12,034,722
<ACCUMULATED-NII-PRIOR> 212,757
<ACCUMULATED-GAINS-PRIOR> 71,709
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 115,067
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 273,188
<AVERAGE-NET-ASSETS> 1,655,116
<PER-SHARE-NAV-BEGIN> 8.72
<PER-SHARE-NII> .35
<PER-SHARE-GAIN-APPREC> .32
<PER-SHARE-DIVIDEND> (.49)
<PER-SHARE-DISTRIBUTIONS> (.15)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.75
<EXPENSE-RATIO> .88
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
Putnam EQUITY TRUST
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-END> NOV-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 20,633
<OTHER-ITEMS-ASSETS> 13,365
<TOTAL-ASSETS> 33,998
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 25,614
<TOTAL-LIABILITIES> 25,614
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 66,517
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 9,109
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (67,242)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 8,384
<DIVIDEND-INCOME> 175
<INTEREST-INCOME> 21,394
<OTHER-INCOME> 0
<EXPENSES-NET> 12,460
<NET-INVESTMENT-INCOME> 9,109
<REALIZED-GAINS-CURRENT> (67,242)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> (58,133)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 394,927
<NUMBER-OF-SHARES-REDEEMED> (394,927)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 8,384
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 13,551
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,743
<AVERAGE-NET-ASSETS> 2,496,586
<PER-SHARE-NAV-BEGIN> 8.50
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> (8.54)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> .49
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
