<PAGE> PAGE 1
000 A000000 10/31/1999
000 C000000 0001005942
000 D000000 N
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000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
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002 D010000 02109
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004 000000 N
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007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
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007 C010900 9
007 C020900 PUTNAM GROWTH FUND
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007 C011000 10
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007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
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007 C011800 18
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<PAGE> PAGE 2
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008 B00AA01 A
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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SIGNATURE PAUL BUCUVALAS
TITLE MANAGING DIRECTOR
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
Putnam Growth Fund
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS A
<S> <C>
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<PER-SHARE-NAV-BEGIN> 10.42
<PER-SHARE-NII> (.03)
<PER-SHARE-GAIN-APPREC> 1.22
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.61
<EXPENSE-RATIO> .50
[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 U.S. Core Fund
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME>
<S> <C>
<PERIOD-TYPE> SEMI
<FISCAL-YEAR-END> APR-30-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 3,082,070
<INVESTMENTS-AT-VALUE> 3,399,249
<RECEIVABLES> 144,832
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,544,081
<PAYABLE-FOR-SECURITIES> 70,027
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 18,732
<TOTAL-LIABILITIES> 88,759
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,701,782
<SHARES-COMMON-STOCK> 304,426
<SHARES-COMMON-PRIOR> 303,058
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (4,603)
<ACCUMULATED-NET-GAINS> 440,964
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 317,179
<NET-ASSETS> 3,455,322
<DIVIDEND-INCOME> 11,056
<INTEREST-INCOME> 181
<OTHER-INCOME> 0
<EXPENSES-NET> 15,840
<NET-INVESTMENT-INCOME> (4,603)
<REALIZED-GAINS-CURRENT> 315,051
<APPREC-INCREASE-CURRENT> (127,168)
<NET-CHANGE-FROM-OPS> 183,280
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16,919
<NUMBER-OF-SHARES-REDEEMED> (15,551)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 204,536
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 125,913
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
GROSS-ADVISORY-FEES> 12,078
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 17,254
<AVERAGE-NET-ASSETS> 3,422,587
<PER-SHARE-NAV-BEGIN> 10.73
<PER-SHARE-NII> (.01)
<PER-SHARE-GAIN-APPREC> .63
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.35
<EXPENSE-RATIO> 0.50
[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 Value Fund
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> SEMI
<FISCAL-YEAR-END> APR-30-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 2,181,879
<INVESTMENTS-AT-VALUE> 2,238,482
<RECEIVABLES> 21,651
<ASSETS-OTHER> 16
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,260,149
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<OTHER-ITEMS-LIABILITIES> 16,799
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,129,443
<SHARES-COMMON-STOCK> 249,893
<SHARES-COMMON-PRIOR> 249,029
<ACCUMULATED-NII-CURRENT> 18,369
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 16,651
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 56,603
<NET-ASSETS> 2,221,066
<DIVIDEND-INCOME> 24,148
<INTEREST-INCOME> 481
<OTHER-INCOME> 0
<EXPENSES-NET> 10,077
<NET-INVESTMENT-INCOME> 14,552
<REALIZED-GAINS-CURRENT> 23,679
<APPREC-INCREASE-CURRENT> (182,752)
<NET-CHANGE-FROM-OPS> (144,521)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,277
<NUMBER-OF-SHARES-REDEEMED> (413)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (136,513)
<ACCUMULATED-NII-PRIOR> 3,817
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (7,028)
<GROSS-ADVISORY-FEES> 8,019
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 11,455
<AVERAGE-NET-ASSETS> 2,272,380
<PER-SHARE-NAV-BEGIN> 9.47
<PER-SHARE-NII> .06
<PER-SHARE-GAIN-APPREC> (.64)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.89
<EXPENSE-RATIO> .50
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
