UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here if Amendment [ X ]; Amendment Number: 1
This Amendment (Check only one.): [ X ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: The Putnam Advisory Company, Inc.
Address: One Post Office Square
Boston, MA 02109
Form 13F File Number: 28 - 92
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Andrew J. Hachey
Title: Assistant Vice President and Regulatory Compliance Counsel
Phone: (617) 760-8235
Signature, Place and Date of Signing:
/s/ Andrew J. Hachey Boston,MA________________ _5/13/99__
[Signature] [City, State] [Date]
Report Type (Check only one.):
[ ] 13F HOLDINGS REPORT. (Check here if all holdings of
this reporting manager are reported in this report.)
[ X ] 13F NOTICE. (Check here if no holdings reported are
in this report, and all holdings are reported by other
reporting manager (s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of
the holdings for this reporting manager are reported in this
report and a portion are reported by other reporting manager
(s).)
List of Other Managers Reporting for this Manager:
Form 13F File Number Name
28 - 90 Putnam Investment Management, Inc.
