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<PAGE> PAGE 21
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<PAGE> PAGE 46
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SIGNATURE PAUL BUCUVALAS
TITLE MANAGING DIRECTOR
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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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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<AVERAGE-NET-ASSETS> 386,687,023
<PER-SHARE-NAV-BEGIN> 12.18
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> (0.47)
<PER-SHARE-DIVIDEND> (0.18)
<PER-SHARE-DISTRIBUTIONS> (0.50)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.01
<EXPENSE-RATIO> 1.05
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<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-30-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 799,088,215
<INVESTMENTS-AT-VALUE> 857,538,834
<RECEIVABLES> 4,490,581
<ASSETS-OTHER> 85,012
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 862,114,427
<PAYABLE-FOR-SECURITIES> 1,802,849
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 14,155,100
<TOTAL-LIABILITIES> 15,957,949
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 807,532,249
<SHARES-COMMON-STOCK> 3,245,739
<SHARES-COMMON-PRIOR> 3,177,949
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (3,526,473)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (17,510,680)
<ACCUM-APPREC-OR-DEPREC> 59,661,382
<NET-ASSETS> 846,156,478
<DIVIDEND-INCOME> 5,630,442
<INTEREST-INCOME> 1,065,566
<OTHER-INCOME> 0
<EXPENSES-NET> 6,943,039
<NET-INVESTMENT-INCOME> (247,031)
<REALIZED-GAINS-CURRENT> (3,640,564)
<APPREC-INCREASE-CURRENT> (29,497,088)
<NET-CHANGE-FROM-OPS> (33,384,683)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (580,897)
<DISTRIBUTIONS-OF-GAINS> (1,524,471)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 367,881
<NUMBER-OF-SHARES-REDEEMED> (477,729)
<SHARES-REINVESTED> 177,638
<NET-CHANGE-IN-ASSETS> (16,741,077)
<ACCUMULATED-NII-PRIOR> 11,210,879
<ACCUMULATED-GAINS-PRIOR> 22,070,038
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,093,551
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,983,941
<AVERAGE-NET-ASSETS> 35,078,763
<PER-SHARE-NAV-BEGIN> 12.22
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> (0.47)
<PER-SHARE-DIVIDEND> (0.19)
<PER-SHARE-DISTRIBUTIONS> (0.50)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.05
<EXPENSE-RATIO> 0.92
<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> SEMI
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 116,316,609
INVESTMENTS-AT-VALUE> 106,561,042
<RECEIVABLES> 2,832,840
<ASSETS-OTHER> 76,753
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 109,470,635
<PAYABLE-FOR-SECURITIES> 50,910
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,197,542
<TOTAL-LIABILITIES> 1,248,452
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 122,884,522
<SHARES-COMMON-STOCK> 6,473,670
<SHARES-COMMON-PRIOR> 4,152,997
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (591,248)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (4,325,003)
<ACCUM-APPREC-OR-DEPREC> (9,746,088)
<NET-ASSETS> 108,222,183
<DIVIDEND-INCOME> 50,729
<INTEREST-INCOME> 4,910,859
<OTHER-INCOME> 0
<EXPENSES-NET> 836,255
<NET-INVESTMENT-INCOME> 4,125,333
<REALIZED-GAINS-CURRENT> (4,432,361)
<APPREC-INCREASE-CURRENT> (9,259,644)
<NET-CHANGE-FROM-OPS> (9,566,672)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,241,059)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,478,382
<NUMBER-OF-SHARES-REDEEMED> (1,377,485)
<SHARES-REINVESTED> 219,776
<NET-CHANGE-IN-ASSETS> 24,630,499
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 107,358
<OVERDISTRIB-NII-PRIOR> (45,053)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 379,029
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 845,300
<AVERAGE-NET-ASSETS> 42,246,269
<PER-SHARE-NAV-BEGIN> 8.83
<PER-SHARE-NII> .36
<PER-SHARE-GAIN-APPREC> (1.25)
<PER-SHARE-DIVIDEND> (.42)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.52
<EXPENSE-RATIO> .70
<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> SEMI
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 116,316,609
INVESTMENTS-AT-VALUE> 106,561,042
<RECEIVABLES> 2,832,840
<ASSETS-OTHER> 76,753
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 109,470,635
<PAYABLE-FOR-SECURITIES> 50,910
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,197,542
<TOTAL-LIABILITIES> 1,248,452
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 122,884,522
<SHARES-COMMON-STOCK> 7,470,542
<SHARES-COMMON-PRIOR> 4,995,040
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (591,248)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (4,325,003)
<ACCUM-APPREC-OR-DEPREC> (9,746,088)
<NET-ASSETS> 108,222,183
<DIVIDEND-INCOME> 50,729
<INTEREST-INCOME> 4,910,859
<OTHER-INCOME> 0
<EXPENSES-NET> 836,255
<NET-INVESTMENT-INCOME> 4,125,333
<REALIZED-GAINS-CURRENT> (4,432,361)
<APPREC-INCREASE-CURRENT> (9,259,644)
<NET-CHANGE-FROM-OPS> (9,566,672)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,248,509)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,608,486
<NUMBER-OF-SHARES-REDEEMED> (1,339,455)
<SHARES-REINVESTED> 206,471
<NET-CHANGE-IN-ASSETS> 24,630,499
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 107,358
<OVERDISTRIB-NII-PRIOR> (45,053)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 379,029
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 845,300
<AVERAGE-NET-ASSETS> 48,046,651
<PER-SHARE-NAV-BEGIN> 8.73
<PER-SHARE-NII> .33
<PER-SHARE-GAIN-APPREC> (1.24)
<PER-SHARE-DIVIDEND> (.36)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.46
<EXPENSE-RATIO> 1.08
<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> SEMI
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 116,316,609
INVESTMENTS-AT-VALUE> 106,561,042
<RECEIVABLES> 2,832,840
<ASSETS-OTHER> 76,753
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 109,470,635
<PAYABLE-FOR-SECURITIES> 50,910
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,197,542
<TOTAL-LIABILITIES> 1,248,452
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 122,884,522
<SHARES-COMMON-STOCK> 512,098
<SHARES-COMMON-PRIOR> 378,667
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (591,248)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (4,325,003)
<ACCUM-APPREC-OR-DEPREC> (9,746,088)
<NET-ASSETS> 108,222,183
<DIVIDEND-INCOME> 50,729
<INTEREST-INCOME> 4,910,859
<OTHER-INCOME> 0
<EXPENSES-NET> 836,255
<NET-INVESTMENT-INCOME> 4,125,333
<REALIZED-GAINS-CURRENT> (4,432,361)
<APPREC-INCREASE-CURRENT> (9,259,644)
<NET-CHANGE-FROM-OPS> (9,566,672)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (181,960)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 300,785
<NUMBER-OF-SHARES-REDEEMED> (184,178)
<SHARES-REINVESTED> 16,824
<NET-CHANGE-IN-ASSETS> 24,630,499
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 107,358
<OVERDISTRIB-NII-PRIOR> (45,053)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 379,029
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 845,300
<AVERAGE-NET-ASSETS> 3,644,054
<PER-SHARE-NAV-BEGIN> 8.74
<PER-SHARE-NII> .35
<PER-SHARE-GAIN-APPREC> (1.25)
<PER-SHARE-DIVIDEND> (.38)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.46
<EXPENSE-RATIO> .83
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
