PUTNAM NATURAL RESOURCES FUND /MA/
NSAR-B, 1995-10-31
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<PAGE>      PAGE  1
000 B000000 08/30/95
000 C000000 0000317031
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 PUTNAM NATURAL RESOURCES FUND
001 B000000 811-3061
001 C000000 6172921562
002 A000000 ONE POST OFFICE SQUARE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
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007 C010600  6
007 C010700  7
007 C010800  8
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007 C011000 10
008 A000001 PUTNAM INVESTMENT MANAGMENT INC
008 B000001 A
008 C000001 801-7974
008 D010001 BOSTON
008 D020001 MA
008 D030001 02109
011 A000001 PUTNAM MUTUAL FUNDS CORP
011 B000001 8-5088
011 C010001 BOSTON
011 C020001 MA
011 C030001 02109
012 A000001 PUTNAM INVESTOR SERVICES
012 B000001 84-401299
012 C010001 BOSTON
012 C020001 MA
012 C030001 02109
013 A000001 PRICE WATERHOUSE LLP
013 B010001 BOSTON
013 B020001 MA
<PAGE>      PAGE  2
013 B030001 02110
015 A000001 PUTNAM FIDUCIARY TRUST CO
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000   77
019 C000000 PUTNAMFUND
020 A000001 BEAR STEARNS & CO.
020 B000001 13-4946705
020 C000001     24
020 A000002 PAINE WEBBER
020 B000002 13-2638166
020 C000002     19
020 A000003 A.G. EDWARDS & SONS INC.
020 B000003 43-0895477
020 C000003     17
020 A000004 BANKERS TRUST
020 B000004 13-4941247
020 C000004     16
020 A000005 CITICORP
020 B000005 13-5266470
020 C000005      9
020 A000006 LEHMAN BROTHERS
020 B000006 13-2518466
020 C000006      6
020 A000007 CHUBB SECURITIES CORP.
020 B000007 02-0275490
020 C000007      5
020 A000008 WALNUT STREET SECURITIES
020 B000008 43-1333368
020 C000008      5
020 A000009 SMITH BARNEY SHEARSON
020 B000009 13-1912900
020 C000009      4
020 A000010 ASB FINANCIAL
020 B000010 33-0339295
020 C000010      4
021  000000      189
022 A000001 GOLDMAN SACHS & CO.
022 B000001 13-5108880
022 C000001    320866
022 D000001         0
022 A000002 JP MORGAN SECURITIES INC.
022 B000002 13-3224016
022 C000002    309211
022 D000002         0
022 A000003 MORGAN STANLEY
<PAGE>      PAGE  3
022 B000003 13-2665998
022 C000003    213420
022 D000003         0
022 A000004 LEHMAN BROTHERS
022 B000004 13-2518466
022 C000004    101231
022 D000004         0
022 A000005 BT SECURITIES
022 B000005 13-3311934
022 C000005     25000
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022 A000006 NOMURA SECURITIES INC.
022 B000006 13-2642206
022 C000006     20000
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022 A000007 PRUDENTIAL SECURITIES
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022 C000007      5000
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022 A000008 CARROL MCENTEE & MCGINLEY
022 B000008 13-2650272
022 C000008      4529
022 D000008         0
022 A000009 KEMPER SECURITIES INC.
022 B000009 34-1542819
022 C000009      1190
022 D000009         0
022 A000010 PAINE WEBBER
022 B000010 13-2638166
022 C000010         0
022 D000010       728
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<PAGE>      PAGE  4
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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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SIGNATURE   PAUL BUCAVALAS                               
TITLE       VICE PRESIDENT      
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM Putnam  Natural Resources Fund Class A AND IS QUALIFIED IN ITS E
NTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         YEAR
<FISCAL-YEAR-END>	AUG-31-1995
<PERIOD-END>	AUG-31-1995
<INVESTMENTS-AT-COST                                                             149,094,463                  
<INVESTMENTS-AT-VALUE>	161,962,024
<RECEIVABLES>	3,973,250
<ASSETS-OTHER>	510
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	165,935,784
<PAYABLE-FOR-SECURITIES>	0
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	643,610
<TOTAL-LIABILITIES>	643,610
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	151,168,451
<SHARES-COMMON-STOCK>	8,410,149
<SHARES-COMMON-PRIOR>	8,788,166
<ACCUMULATED-NII-CURRENT>	1,641,770
<OVERDISTRIBUTION-NII>	0
<ACCUMULATED-NET-GAINS>	0
<OVERDISTRIBUTION-GAINS>	(385,608)
<ACCUM-APPREC-OR-DEPREC>	12,867,561
<NET-ASSETS>	165,292,174
<DIVIDEND-INCOME>	4,036,787
<INTEREST-INCOME>	345,825
<OTHER-INCOME>	0
<EXPENSES-NET>	1,769,505
<NET-INVESTMENT-INCOME>	2,613,107
<REALIZED-GAINS-CURRENT>	5,165,887
<APPREC-INCREASE-CURRENT>	7,326,520
<NET-CHANGE-FROM-OPS>	15,105,514
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	(1,974,126)
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	4,798,056
<NUMBER-OF-SHARES-REDEEMED>	(5,298,324)
<SHARES-REINVESTED>	122,251
<NET-CHANGE-IN-ASSETS>	25,598,777
<ACCUMULATED-NII-PRIOR>	1,530,057
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	0
<OVERDIST-NET-GAINS-PRIOR>	(5,551,495)
<GROSS-ADVISORY-FEES>	1,010,493
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	1,769,505
<AVERAGE-NET-ASSETS>	126,482,383
<PER-SHARE-NAV-BEGIN>	14.73
<PER-SHARE-NII>	.29
<PER-SHARE-GAIN-APPREC>	1.31
<PER-SHARE-DIVIDEND>	0
<PER-SHARE-DISTRIBUTIONS>	(.24)
<RETURNS-OF-CAPITAL>	0
<PER-SHARE-NAV-END>	16.09
<EXPENSE-RATIO>	1.13
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0
        	0
??  

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM Putnam  Natural Resources Fund Class B AND IS QUALIFIED IN ITS E
NTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         YEAR
<FISCAL-YEAR-END>	AUG-31-1995
<PERIOD-END>	AUG-31-1995
<INVESTMENTS-AT-COST                                                             149,094,463                  
<INVESTMENTS-AT-VALUE>	161,962,024
<RECEIVABLES>	3,973,250
<ASSETS-OTHER>	510
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	165,935,784
<PAYABLE-FOR-SECURITIES>	0
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	643,610
<TOTAL-LIABILITIES>	643,610
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	151,168,451
<SHARES-COMMON-STOCK>	1,876,290
<SHARES-COMMON-PRIOR>	699,173
<ACCUMULATED-NII-CURRENT>	1,641,770
<OVERDISTRIBUTION-NII>	0
<ACCUMULATED-NET-GAINS>	0
<OVERDISTRIBUTION-GAINS>	(385,608)
<ACCUM-APPREC-OR-DEPREC>	12,867,561
<NET-ASSETS>	165,292,174
<DIVIDEND-INCOME>	4,036,787
<INTEREST-INCOME>	345,825
<OTHER-INCOME>	0
<EXPENSES-NET>	1,769,505
<NET-INVESTMENT-INCOME>	2,613,107
<REALIZED-GAINS-CURRENT>	5,165,887
<APPREC-INCREASE-CURRENT>	7,326,520
<NET-CHANGE-FROM-OPS>	15,105,514
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	(195,630)
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	1,929,084
<NUMBER-OF-SHARES-REDEEMED>	(763,872)
<SHARES-REINVESTED>	11,905
<NET-CHANGE-IN-ASSETS>	25,598,777
<ACCUMULATED-NII-PRIOR>	1,530,057
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	0
<OVERDIST-NET-GAINS-PRIOR>	(5,551,495)
<GROSS-ADVISORY-FEES>	1,010,493
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	1,769,505
<AVERAGE-NET-ASSETS>	18,017,403
<PER-SHARE-NAV-BEGIN>	14.65
<PER-SHARE-NII>	.16
<PER-SHARE-GAIN-APPREC>	1.33
<PER-SHARE-DIVIDEND>	0
<PER-SHARE-DISTRIBUTIONS>	(.20)
<RETURNS-OF-CAPITAL>	0
<PER-SHARE-NAV-END>	15.94
<EXPENSE-RATIO>	1.87
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0
        	0
??  

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM Putnam  Natural Resources Fund Class M AND IS QUALIFIED IN ITS E
NTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         YEAR
<FISCAL-YEAR-END>	AUG-31-1995
<PERIOD-END>	AUG-31-1995
<INVESTMENTS-AT-COST                                                             149,094,463                  
<INVESTMENTS-AT-VALUE>	161,962,024
<RECEIVABLES>	3,973,250
<ASSETS-OTHER>	510
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	165,935,784
<PAYABLE-FOR-SECURITIES>	0
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	643,610
<TOTAL-LIABILITIES>	643,610
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	151,168,451
<SHARES-COMMON-STOCK>	2,872
<SHARES-COMMON-PRIOR>	0
<ACCUMULATED-NII-CURRENT>	1,641,770
<OVERDISTRIBUTION-NII>	0
<ACCUMULATED-NET-GAINS>	0
<OVERDISTRIBUTION-GAINS>	(385,608)
<ACCUM-APPREC-OR-DEPREC>	12,867,561
<NET-ASSETS>	165,292,174
<DIVIDEND-INCOME>	4,036,787
<INTEREST-INCOME>	345,825
<OTHER-INCOME>	0
<EXPENSES-NET>	1,769,505
<NET-INVESTMENT-INCOME>	2,613,107
<REALIZED-GAINS-CURRENT>	5,165,887
<APPREC-INCREASE-CURRENT>	7,326,520
<NET-CHANGE-FROM-OPS>	15,105,514
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	0
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	2,872
<NUMBER-OF-SHARES-REDEEMED>	0
<SHARES-REINVESTED>	0
<NET-CHANGE-IN-ASSETS>	25,598,777
<ACCUMULATED-NII-PRIOR>	1,530,057
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	0
<OVERDIST-NET-GAINS-PRIOR>	(5,551,495)
<GROSS-ADVISORY-FEES>	1,010,493
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	1,769,505
<AVERAGE-NET-ASSETS>	22,676
<PER-SHARE-NAV-BEGIN>	15.59
<PER-SHARE-NII>	.03
<PER-SHARE-GAIN-APPREC>	.45
<PER-SHARE-DIVIDEND>	0
<PER-SHARE-DISTRIBUTIONS>	0
<RETURNS-OF-CAPITAL>	0
<PER-SHARE-NAV-END>	16.07
<EXPENSE-RATIO>	.28
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0
        	0
??  

</TABLE>


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