PUTNAM INCOME FUND
NSAR-B, 1995-12-29
OIL ROYALTY TRADERS
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<PAGE>      PAGE  1
000 B000000 10/31/95
000 C000000 0000081264
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 INCOME FUND
001 B000000 811-650
001 C000000 6172921471
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
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 PUTNAM INVESTMENT MANAGEMENT, 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
018  000000 Y
019 A000000 Y
019 B000000   93
019 C000000 PUTNAMFUND
020 A000001 TIEDEMANN INTERNATIONAL RESEARCH INC
020 B000001 13-3506065
020 C000001     15
020 A000002 PAINE WEBBER INC.
<PAGE>      PAGE  2
020 B000002 13-2638166
020 C000002      7
020 A000003 MERRIL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000003 13-5674085
020 C000003      5
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000       27
022 A000001 GOLDMAN SACHS Y CO.
022 B000001 13-5108880
022 C000001   1796322
022 D000001    133696
022 A000002 MORGAN STANLEY INC.
022 B000002 13-2655998
022 C000002   1492102
022 D000002     72164
022 A000003 MORGAN (J.P.) SECURITIES INC.
022 B000003 13-3224016
022 C000003   1195169
022 D000003     49205
022 A000004 LEHMAN BROTHERS
022 B000004 13-2518466
022 C000004    588050
022 D000004    323453
022 A000005 SALOMON BROTHERS INC.
022 B000005 13-3082694
022 C000005    419165
022 D000005    323809
022 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000006 13-5674085
022 C000006    393625
022 D000006    221732
022 A000007 DONALDSON, LUFKIN, JENRETTE SECURITIES CORP.
022 B000007 13-2741729
022 C000007     87699
022 D000007    151884
022 A000008 FIRST BOSTON CO.
022 B000008 13-5659485
022 C000008    100811
022 D000008    130578
022 A000009 BEAR STERNS & CO.
022 B000009 13-4946705
022 C000009    118300
022 D000009     96945
022 A000010 BT SECURITIES CORP.
022 B000010 13-3311934
<PAGE>      PAGE  3
022 C000010    159930
022 D000010      4562
023 C000000    7005657
023 D000000    1863113
024  000000 N
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030 A000000   1910
030 B000000  4.75
030 C000000  0.00
031 A000000    224
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032  000000   1686
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035  000000    528
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<PAGE>      PAGE  4
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048 B010000   200000
048 B020000 0.400
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048 K020000 0.350
053 A000000 N
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054 F000000 N
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054 H000000 N
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054 K000000 N
054 L000000 Y
054 M000000 Y
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055 B000000 N
056  000000 N
<PAGE>      PAGE  5
057  000000 N
060 B000000 Y
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062 O000000   0.0
062 P000000  29.4
062 Q000000  13.3
062 R000000   0.0
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070 F020000 N
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<PAGE>      PAGE  6
070 K020000 Y
070 L010000 Y
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070 M020000 Y
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<PAGE>      PAGE  7
072EE000000        0
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077 A000000 Y
077 B000000 Y
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080 A000000 FEDERAL INSURANCE COMPANY
080 B000000 NATIONAL UNION FIRE INSURANCE COMPANY
080 C000000    50000
081 A000000 Y
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083 A000000 N
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<PAGE>      PAGE  8
084 A000000 N
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SIGNATURE   PAUL BUCUVALAS                               
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 Income Fund Class A AND IS QUALIFIED IN ITS ENTIRETY BY R
EFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         YEAR
<FISCAL-YEAR-END>	October-31-95
<PERIOD-END>	October-31-95
<INVESTMENTS-AT-COST                                                       1,267,253,195    
<INVESTMENTS-AT-VALUE>	1,307,796,945
<RECEIVABLES>	27,594,528
<ASSETS-OTHER>	1,550,254
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	1,336,941,727
<PAYABLE-FOR-SECURITIES>	23,048,841
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	9,042,659
<TOTAL-LIABILITIES>	1,304,850,227
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	1,274,797,689
<SHARES-COMMON-STOCK>	131,441,436
<SHARES-COMMON-PRIOR>	119,802,213
<ACCUMULATED-NII-CURRENT>	480,823
<OVERDISTRIBUTION-NII>                                                                              0
<ACCUMULATED-NET-GAINS>	(9,773,989)
<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	39,345,704
<NET-ASSETS>	1,304,850,227
<DIVIDEND-INCOME>	23,054
<INTEREST-INCOME>	87,961,594
<OTHER-INCOME>	0
<EXPENSES-NET>	12,783,340
<NET-INVESTMENT-INCOME>	75,201,308
<REALIZED-GAINS-CURRENT>	4,684,416
<APPREC-INCREASE-CURRENT>	87,210,466
<NET-CHANGE-FROM-OPS>	167,096,190
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	(59,477,655)
<DISTRIBUTIONS-OF-GAINS>	--
<DISTRIBUTIONS-OTHER>	
<NUMBER-OF-SHARES-SOLD>	39,283,827
<NUMBER-OF-SHARES-REDEEMED>	(33,147,718)
<SHARES-REINVESTED>	5,503,114
<NET-CHANGE-IN-ASSETS>	346,047,124
<ACCUMULATED-NII-PRIOR>	xxxx
<ACCUMULATED-GAINS-PRIOR>	xxxx
<OVERDISTRIB-NII-PRIOR>	153,320
<OVERDIST-NET-GAINS-PRIOR>	16,487,777
<GROSS-ADVISORY-FEES>	5,587,152
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	13,119,111
<AVERAGE-NET-ASSETS>	840,850,738
<PER-SHARE-NAV-BEGIN>	6.53
<PER-SHARE-NII>	.47
<PER-SHARE-GAIN-APPREC>	.55
<PER-SHARE-DIVIDEND>	0
<PER-SHARE-DISTRIBUTIONS>	.48
<RETURNS-OF-CAPITAL>	0
<PER-SHARE-NAV-END>	7.07
<EXPENSE-RATIO>	1.05
<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 Income Fund ClassB AND IS QUALIFIED IN ITS ENTIRETY BY RE
FERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         YEAR
<FISCAL-YEAR-END>	October-31-95
<PERIOD-END>	October-31-95
<INVESTMENTS-AT-COST                                                           1,267,253,195  
<INVESTMENTS-AT-VALUE>	1,307,796,945
<RECEIVABLES>	27,594,528
<ASSETS-OTHER>	1,550,254
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	1,336,941,727
<PAYABLE-FOR-SECURITIES>	23,048,841
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	9,042,659
<TOTAL-LIABILITIES>	1,304,850,227
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	1,274,797,689
<SHARES-COMMON-STOCK>	37,033,317
<SHARES-COMMON-PRIOR>	26,060,299
<ACCUMULATED-NII-CURRENT>	480,823
<OVERDISTRIBUTION-NII>                                                                              0
<ACCUMULATED-NET-GAINS>	(9,773,989)
<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	39,345,704
<NET-ASSETS>	1,304,850,227
<DIVIDEND-INCOME>	23,054
<INTEREST-INCOME>	87,961,594
<OTHER-INCOME>	0
<EXPENSES-NET>	12,783,340
<NET-INVESTMENT-INCOME>	75,201,308
<REALIZED-GAINS-CURRENT>	4,684,416
<APPREC-INCREASE-CURRENT>	(87,210,466)
<NET-CHANGE-FROM-OPS>	167,096,190
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	(13,155,239)
<DISTRIBUTIONS-OF-GAINS>	--
<DISTRIBUTIONS-OTHER>	--
<NUMBER-OF-SHARES-SOLD>	16,956,756
<NUMBER-OF-SHARES-REDEEMED>	(7,208,649)
<SHARES-REINVESTED>	1,224,991
<NET-CHANGE-IN-ASSETS>	346,047,124
<ACCUMULATED-NII-PRIOR>	xxxx
<ACCUMULATED-GAINS-PRIOR>	xxxx
<OVERDISTRIB-NII-PRIOR>	153,320
<OVERDIST-NET-GAINS-PRIOR>	16,487,777
<GROSS-ADVISORY-FEES>	5,587,152
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	13,119,111
<AVERAGE-NET-ASSETS>	207,252,514
<PER-SHARE-NAV-BEGIN>	6.50
<PER-SHARE-NII>	.42
<PER-SHARE-GAIN-APPREC>	.55
<PER-SHARE-DIVIDEND>	0
<PER-SHARE-DISTRIBUTIONS>	.43
<RETURNS-OF-CAPITAL>	0
<PER-SHARE-NAV-END>	7.04
<EXPENSE-RATIO>	1.80
<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 Income Fund Class M AND IS QUALIFIED IN ITS ENTIRETY BY R
EFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         YEAR
<FISCAL-YEAR-END>	October-31-95
<PERIOD-END>	October-31-95
<INVESTMENTS-AT-COST                                                       1,267,253,195    
<INVESTMENTS-AT-VALUE>	1,307,796,945
<RECEIVABLES>	27,594,528
<ASSETS-OTHER>	1,550,254
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	1,336,941,727
<PAYABLE-FOR-SECURITIES>	23,048,841
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	9,042,659
<TOTAL-LIABILITIES>	1,304,850,227
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	1,274,797,689
<SHARES-COMMON-STOCK>	1,090,119
<SHARES-COMMON-PRIOR>	0
<ACCUMULATED-NII-CURRENT>	480,823
<OVERDISTRIBUTION-NII>                                                                              0
<ACCUMULATED-NET-GAINS>	(9,773,989)
<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	39,345,704
<NET-ASSETS>	1,304,850,227
<DIVIDEND-INCOME>	23,054
<INTEREST-INCOME>	87,961,594
<OTHER-INCOME>	0
<EXPENSES-NET>	12,783,340
<NET-INVESTMENT-INCOME>	75,201,308
<REALIZED-GAINS-CURRENT>	4,684,416
<APPREC-INCREASE-CURRENT>	87,210,466
<NET-CHANGE-FROM-OPS>	167,096,190
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	(154,150)
<DISTRIBUTIONS-OF-GAINS>	--
<DISTRIBUTIONS-OTHER>	--
<NUMBER-OF-SHARES-SOLD>	1,145,112
<NUMBER-OF-SHARES-REDEEMED>	(73,164)
<SHARES-REINVESTED>	18,171
<NET-CHANGE-IN-ASSETS>	346,047,124
<ACCUMULATED-NII-PRIOR>	xxxx
<ACCUMULATED-GAINS-PRIOR>	xxxx
<OVERDISTRIB-NII-PRIOR>	153,320
<OVERDIST-NET-GAINS-PRIOR>	16,487,777
<GROSS-ADVISORY-FEES>	5,587,152
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	13,119,111
<AVERAGE-NET-ASSETS>	2,669,744
<PER-SHARE-NAV-BEGIN>	6.50
<PER-SHARE-NII>	.43
<PER-SHARE-GAIN-APPREC>	.54
<PER-SHARE-DIVIDEND>	0
<PER-SHARE-DISTRIBUTIONS>	.43
<RETURNS-OF-CAPITAL>	0
<PER-SHARE-NAV-END>	7.04
<EXPENSE-RATIO>	1.19
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0
        	0
??  

</TABLE>


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