PUTNAM HIGH YIELD ADVANTAGE FUND
NSAR-A, EX-27, 2000-07-27
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Putnam High Yield Advantage Fund
</LEGEND>
<SERIES>
   <NUMBER> 4
   <NAME> CLASS Y

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[AVG-DEBT-OUTSTANDING]                               0
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