PUTNAM INVESTMENTS INC
SC 13G, 2000-12-13
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934



NAME OF ISSUER                CMS ENERGY CORP

TITLE OF CLASS OF SECURITIES       Common

CUSIP NUMBER                  125896100


The remainder of this cover page shall be filled out for a
reporting person's
initial filing on this form with respect to the subject class of
securities, and
for any subsequent amendment containing information which would
alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall
not be deemed
to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that
section of the Act
but shall be subject to all other provisions of the Act (however,
see the Notes).
























Page 1 of 10 Pages


13G

CUSIP No. 125896100                               Page 2 of 10
Pages
------------------------------------------------------------------
------------
1.   Name of reporting person
S.S. or I.R.S. identification no. of above person

     Marsh & McLennan Companies, Inc.
     36-2668272
------------------------------------------------------------------
------------
2.   Check the appropriate box if a member of a group*
     (a)(   )       (b)(   )
------------------------------------------------------------------
------------
3.   SEC use only

------------------------------------------------------------------
------------
4.   Citizenship or place of organization

     Delaware
------------------------------------------------------------------
------------
                    5.   Sole Voting Power

                              NONE
                         -----------------------------
Number of shares    )    6.   Shared Voting Power
Beneficially   )
Owned by each  )              NONE
Reporting      )              -----------------------------
Person with:   )    7.   Sole Dispositive Power

                              NONE
                         -----------------------------
                    8.   Shared Dispositive Power

                              NONE
------------------------------------------------------------------
------------
9.   Aggregate amount beneficially owned by each reporting person

     NONE
------------------------------------------------------------------
------------
10.  Check box if the aggregate amount in row (9) excludes certain
shares*

------------------------------------------------------------------
------------
11.  Percent of class represented by amount in row 9

     NONE
------------------------------------------------------------------
------------
12.  Type of Reporting person*

     HC
------------------------------------------------------------------
------------


13G

CUSIP No. 125896100                               Page 3 of 10
Pages
------------------------------------------------------------------
------------
1.   Name of reporting person
     S.S. or I.R.S. identification no. of above person

     Putnam Investments, Inc.
     04-2539558
------------------------------------------------------------------
------------
2.   Check the appropriate box if a member of a group*
          (a)(   )       (b)(   )
------------------------------------------------------------------
------------
3.   SEC use only

------------------------------------------------------------------
------------
4.   Citizenship or place of organization

          Massachusetts
------------------------------------------------------------------
------------
                    5.   Sole Voting Power

                              NONE
Number of  shares   )              -----------------------------
Beneficially   )    6.   Shared Voting Power
owned by each  )
                              287,977
Reporting      )
Person with:   )              -----------------------------
                    7.   Sole Dispositive Power

                              NONE
                         -----------------------------
                    8.   Shared Dispositive Power

                              12,511,348
------------------------------------------------------------------
------------
9.   Aggregate amount beneficially owned by each reporting person

          12,511,348

------------------------------------------------------------------
------------
10.  Check box if the aggregate amount in row (9) excludes certain
shares*

------------------------------------------------------------------
------------
11.  Percent of class represented by amount in row 9

          11.4%
------------------------------------------------------------------
------------
12.  Type of Reporting person*

     HC
------------------------------------------------------------------
------------


13G

CUSIP No. 125896100                               Page 4 of 10
Pages
------------------------------------------------------------------
------------
1.   Name of reporting person
     S.S. or I.R.S. identification no. of above person

     Putnam Investment Management, Inc.
     04-2471937
------------------------------------------------------------------
------------
2.   Check the appropriate box if a member of a group*
          (a)(   )       (b)(   )
------------------------------------------------------------------
------------
3.   SEC use only

------------------------------------------------------------------
------------
4.   Citizenship or place of organization

     Massachusetts
------------------------------------------------------------------
------------
                    5.   Sole Voting Power

                              NONE
Number of  shares   )              -----------------------------
Beneficially   )    6.   Shared Voting Power
Owned by each  )
Reporting      )              NONE
Person with:   )              -----------------------------
                    7.   Sole Dispositive Power

                              NONE
                         -----------------------------
               8.   Shared Dispositive Power

                              10,442,731
------------------------------------------------------------------
------------
9.   Aggregate amount beneficially owned by each reporting person

          10,442,731
------------------------------------------------------------------
------------
10.  Check box if the aggregate amount in row (9) excludes certain
shares*

------------------------------------------------------------------
------------
11.  Percent of class represented by amount in row 9

          9.5%
------------------------------------------------------------------
------------
12.  Type of Reporting person*

     IA
------------------------------------------------------------------
------------


13G

CUSIP No. 125896100                               Page 5 of 10
Pages
------------------------------------------------------------------
------------
1.   Name of reporting person
     S.S. or I.R.S. identification no. of above person

     The Putnam Advisory Company, Inc.
     04-6187127
------------------------------------------------------------------
------------
2.   Check the appropriate box if a member of a group*
          (a)(   )       (b)(   )
------------------------------------------------------------------
------------
3.   SEC use only

------------------------------------------------------------------
------------
4.   Citizenship or place of organization

          Massachusetts
------------------------------------------------------------------
------------
                    5.   Sole Voting Power

                              NONE
Number of  shares   )              -----------------------------
Beneficially   )    6.   Shared Voting Power
Owned by each  )
Reporting      )              287,977
Person with:   )              -----------------------------
                    7.   Sole Dispositive Power

                              NONE
                         -----------------------------
                    8.   Shared Dispositive Power

                              2,068,617
------------------------------------------------------------------
------------
9.   Aggregate amount beneficially owned by each reporting person

          2,068,617
------------------------------------------------------------------
------------
10.  Check box if the aggregate amount in row (9) excludes certain
shares*

------------------------------------------------------------------
------------
11.  Percent of class represented by amount in row 9

     1.9%
------------------------------------------------------------------
------------
12.  Type of Reporting person*

     IA
------------------------------------------------------------------
------------


SECURITIES AND EXCHANGE COMMISSION
Washington, D. C.  20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)



Item 1(a) Name of Issuer:          CMS ENERGY CORP

Item 1(b) Address of Issuer's Principal Executive Offices:

FAIRLANE PLZ S STE 1100, 330 TOWN CENTER DR, DEARBORN, MI  48126

Item 2(a)                          Item 2(b)

Name of Person Filing:                  Address or Principal
Office or, if
NONE, Residence:

Putnam Investments, Inc.           One Post Office Square
     ("PI")                             Boston, Massachusetts
02109
on behalf of itself and:

*Marsh & McLennan Companies, Inc.       1166 Avenue of the
Americas
     ("MMC")                            New York, NY  10036

Putnam Investment Management, Inc.      One Post Office Square
     ("PIM")                            Boston, Massachusetts
02109

The Putnam Advisory Company, Inc.       One Post Office Square
     ("PAC")                            Boston, Massachusetts
02109




Item 2(c)      Citizenship:  PI, PIM and PAC are corporations
organized under
Massachusetts law.  The citizenship of other persons identified
in Item 2(a) is designated as follows:

               *    Corporation - Delaware law
               **   Voluntary association known as Massachusetts
business trust -
Massachusetts law


Item 2(d)      Title of Class of Securities: Common

Item 2(e)      Cusip Number:  125896100

Page 6 of 10 Pages



Item 3.   If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b),
check whether the person filing is a:


(a)(   )  Broker or Dealer registered under Section 15 of the Act


(b)(   )  Bank as defined in Section 3(a)(6) of the Act


(c)(   )  Insurance Company as defined in Section 3(a)(19) of the
Act


(d)(    ) Investment Company registered under Section 8 of the
Investment
Company Act


(e)( X )  Investment Adviser registered under Section 203 of the
Investment
Advisers Act of 1940


(f)(   )  Employee Benefit Plan, Pension Fund which is subject to
the
provisions of the Employee Retirement Income Security Act of 1974
or
Endowment Fund; see (Section 240.13d-1(b)(1)(ii)(F)


(g)( X )  Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G)


(h)(   )  Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)





     Page 7 of 10 Pages


<TABLE><CAPTION>
Item 4.
Ownership.
<S>                           <C>                 <C>
<C>            <C>
                              M&MC                PIM*
PAC            PI
                              -----                    -----
---            ----
                         (Parent holding               (Investment
advisers       (Parent company
                         company to PI)           & subsidiaries
of PI)         to PIM and PAC)


(a)  Amount Beneficially
     Owned:                   NONE                10,442,731     +
2,068,617 =    12,511,348

(b)  Percent of Class:             NONE                9.5%      +
1.9%      =    11.4%

(c)  Number of shares as
     to which such person has:

(1)  sole power to vote
     or to direct the vote;
     (but see Item 7)              NONE                NONE
NONE           NONE

(2)  shared power to vote
     or to direct the vote;
     (but see Item 7)              NONE                NONE
287,977
     287,977

(3)  sole power to dispose
     or to direct the
     disposition of;
     (but see Item 7)              NONE                NONE
NONE           NONE

(4)  shared power to
     dispose or to direct
     the disposition of;
     (but see Item 7)              NONE                ALL
ALL            ALL



Page 8 of 10 Pages
</TABLE>



Item 5.   Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the
date
thereof the reporting person has ceased to be the beneficial owner
of
more than five percent of the class of securities, check the
following
( ).

Item 6.   Ownership of More than Five/Ten Percent on Behalf of
Another Person:
No persons other than the persons filing this Schedule 13G have an
economic interest in the securities reported on which relates to
more
than five percent of the class of securities.  Securities reported
on
this Schedule 13G as being beneficially owned by M&MC and PI
consist of
securities beneficially owned by subsidiaries of PI which are
registered investment advisers, which in turn include securities
beneficially owned by clients of such investment advisers, which
clients may include investment companies registered under the
Investment Company Act and/or employee benefit plans, pension
funds,
endowment funds or other institutional clients.

Item 7.   Identification and Classification of the Subsidiary
Which
Acquired the Security Being Reported on By the Parent Holding
Company.

PI, which is a wholly-owned subsidiary of M&MC, wholly owns two
registered investment advisers:  Putnam Investment Management,
Inc.,
which is the investment adviser to the Putnam family of mutual
funds
and The Putnam Advisory Company, Inc., which is the investment
adviser
to Putnam's institutional clients.  Both subsidiaries have
dispository
power over the shares as investment managers, but each of the
mutual
fund's trustees have voting power over the shares held by each
fund,
and The Putnam Advisory Company, Inc. has shared voting power over
the
shares held by the institutional clients.  Pursuant to Rule 13d-4,
M&MC
and PI declare that the filing of this Schedule 13G shall not be
deemed
an admission by either or both of them that they are, for the
purposes
of Section 13(d) or 13(g) the beneficial owner of any securities
covered by this Section 13G, and further state that neither of
them
have any power to vote or dispose of, or direct the voting or
disposition of, any of the securities covered by this Schedule
13G.

Item 8.   Identification and Classification of Members of the
Group:
          Not applicable.

Item 9.   Notice of Dissolution of Group:

          Not applicable.

Item 10.  Certification.

Page 9 of 10 Pages


By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary
course of business, were not acquired for the purpose of and do
not
have the effect of changing or influencing the control of the
issuer of
such securities and were not acquired in connection with or as a
participant in any transaction having such purposes or effect.


After reasonable inquiry and to the best of my knowledge and
belief, I
certify that the information set forth in this statement is true,
complete and correct.


PUTNAM INVESTMENTS, INC.


     /s/Gregory L. Pickard
BY:  -------------------------------------------
     Signature

     Name/Title:    Gregory L. Pickard
     Assistant Vice President and
     Associate Counsel

     Date:     December 12, 2000


For this and all future filings, reference is made to Power of
Attorney
dated April 30, 1999, with respect to duly authorized signatures
on
behalf of Marsh & McLennan Companies, Inc., Putnam Investments,
Inc.,
Putnam Investment Management, Inc., The Putnam Advisory Company,
Inc.
and any Putnam Fund wherever applicable.

For this and all future filings, reference is made to an Agreement
dated June 28, 1990, with respect to one filing of Schedule 13G on
behalf of said entities, pursuant to Rule 13d-1(f)(1).






Page 10 of 10 Pages




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