<PAGE> PAGE 1
000 B000000 12/31/94
000 C000000 0000822671
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 PUTNAM CAPITAL MANAGER TRUST
001 B000000 811-5346
001 C000000 6172921000
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 Y
007 B000000 10
007 C010100 1
007 C020100 PCM VOYAGER FUND
007 C030100 N
007 C010200 2
007 C020200 PCM GROWTH AND INCOME FUND
007 C030200 N
007 C010300 3
007 C020300 PCM HIGH YIELD FUND
007 C030300 N
007 C010400 4
007 C020400 PCM MONEY MARKET FUND
007 C030400 N
007 C010500 5
007 C020500 PCM US GOVERNMENT AND HIGH QUALITY BOND FUND
007 C030500 N
007 C010600 6
007 C020600 PCM GLOBAL ASSET ALLOCATION
007 C030600 N
007 C010700 7
007 C020700 PCM GLOBAL GROWTH FUND
007 C030700 N
007 C010800 8
007 C020800 PCM UTILITIES GROWTH & INCOME FUND
007 C030800 N
007 C010900 9
007 C020900 PCM NEW OPPORTUNITIES FUND
007 C030900 N
007 C011000 10
007 C021000 PCM DIVERSIFIED INCOME FUND
<PAGE> PAGE 2
007 C031000 N
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 86
019 C00AA00 PUTNAMFUND
020 A000001 AG EDWARDS AND SON
020 B000001 43-0895477
020 C000001 466314
020 A000002 MERRILL LYNCH
020 B000002 13-5674085
020 C000002 464875
020 A000003 PAINE WEBBER
020 B000003 13-2638166
020 C000003 414754
020 A000004 SALOMON BROTHERS.
020 B000004 13-3082694
020 C000004 334752
020 A000005 FIRST BOSTON CORP
020 B000005 13-5659485
020 C000005 261986
020 A000006 BEAR STEARNS & CO.
020 B000006 13-4946705
020 C000006 210608
020 A000007 GOLDMAN SACHS
020 B000007 13-5108880
020 C000007 197409
020 A000008 KLEINWORT BENSON
020 B000008 13-2647786
020 C000008 175253
020 A000009 MORGAN STANLEY.
020 B000009 13-2655998
020 C000009 172314
020 A000010 LEHMAN BROTHERS
020 B000010 13-2518466
020 C000010 148972
021 000000 2847237
022 A000001 LENMAN BROTHERS
022 B000001 13-2518466
022 C000001 20031291
022 D000001 118425
022 A000002 KIDDER PEABODY
022 B000002 13-2518466
022 C000002 9160503
022 D000002 24637
022 A000003 BT SECURITIES
022 B000003 13-3311934
022 C000003 1090833
022 D000003 4984583
022 A000004 MORGAN (J.P.) SECURITIES INC.
022 B000004 13-3224016
022 C000004 4092965
<PAGE> PAGE 3
022 D000004 159719
022 A000005 GOLDMAN SACHS.
022 B000005 13-5108880
022 C000005 3473404
022 D000005 128745
022 A000006 MERRILL LYNCH, PEIRCE, FENNER & SMITH INC.
022 B000006 13-5674085
022 C000006 931907
022 D000006 324895
022 A000007 PRUDENTIAL SECURITIES INC.
022 B000007 22-2347336
022 C000007 975200
022 D000007 31277
022 A000008 NOMURA SECURITIES INTERNATIONAL INC
022 B000008 13-2642206
022 C000008 917484
022 D000008 4210
022 A000009 MORGAN STANLEY INC.
022 B000009 13-2655998
022 C000009 314626
022 D000009 246741
022 A000010 SALOMON BROTHERS
022 B000010 13-3082694
022 C000010 231742
022 D000010 143832
023 C000000 41219955
023 D000000 6167064
077 A000000 Y
077 B000000 Y
080 A00AA00 FEDERAL INSURANCE COMPANY
080 B00AA00 NATIONAL UNION FIRE INSURANCE COMPANY
080 C00AA00 45000
081 A00AA00 Y
081 B00AA00 65
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
028 A010100 24766
028 A020100 0
028 A030100 0
028 A040100 1922
028 B010100 33685
028 B020100 0
028 B030100 0
028 B040100 2015
028 C010100 25016
<PAGE> PAGE 4
028 C020100 0
028 C030100 0
028 C040100 5394
028 D010100 26018
028 D020100 0
028 D030100 0
028 D040100 2097
028 E010100 25606
028 E020100 0
028 E030100 0
028 E040100 3710
028 F010100 25999
028 F020100 0
028 F030100 0
028 F040100 3800
028 G010100 161090
028 G020100 0
028 G030100 0
028 G040100 18938
028 H000100 161090
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
<PAGE> PAGE 5
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 811402
071 B000100 483387
071 C000100 774128
071 D000100 62
072 A000100 12
072 B000100 2749
072 C000100 6569
072 D000100 0
072 E000100 0
072 F000100 5347
072 G000100 17
072 H000100 0
072 I000100 209
072 J000100 0
072 K000100 68
072 L000100 127
072 M000100 29
072 N000100 116
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 25
072 S000100 27
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 10
072 X000100 5975
<PAGE> PAGE 6
072 Y000100 0
072 Z000100 3343
072AA000100 23120
072BB000100 0
072CC010100 0
072CC020100 9861
072DD010100 1560
072DD020100 0
072EE000100 12726
073 A010100 0.5000
073 A020100 0.0000
073 B000100 0.3700
073 C000100 0.0000
074 A000100 16
074 B000100 14596
074 C000100 59921
074 D000100 1625
074 E000100 7298
074 F000100 945301
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 8453
074 K000100 906
074 L000100 307
074 M000100 0
074 N000100 1038423
074 O000100 8405
074 P000100 1565
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 1481
074 S000100 0
074 T000100 1026972
074 U010100 46259
074 U020100 0
074 V010100 22.20
074 V020100 0.00
074 W000100 0.0000
074 X000100 94960
074 Y000100 0
075 A000100 0
075 B000100 842402
076 000100 0.00
028 A010200 38307
028 A020200 0
028 A030200 0
028 A040200 0
028 B010200 40181
<PAGE> PAGE 7
028 B020200 0
028 B030200 0
028 B040200 0
028 C010200 35396
028 C020200 0
028 C030200 0
028 C040200 0
028 D010200 36589
028 D020200 0
028 D030200 0
028 D040200 53
028 E010200 27533
028 E020200 0
028 E030200 0
028 E040200 687
028 F010200 19751
028 F020200 0
028 F030200 0
028 F040200 0
028 G010200 197757
028 G020200 0
028 G030200 0
028 G040200 740
028 H000200 197757
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
<PAGE> PAGE 8
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 N
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200 1347462
071 B000200 737519
071 C000200 1588358
071 D000200 46
072 A000200 12
072 B000200 7434
072 C000200 65175
072 D000200 0
072 E000200 0
072 F000200 9645
072 G000200 29
072 H000200 0
072 I000200 363
072 J000200 0
072 K000200 103
072 L000200 61
072 M000200 47
072 N000200 212
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 72
072 S000200 43
072 T000200 0
<PAGE> PAGE 9
072 U000200 0
072 V000200 0
072 W000200 21
072 X000200 10596
072 Y000200 0
072 Z000200 62013
072AA000200 28739
072BB000200 0
072CC010200 0
072CC020200 86913
072DD010200 34767
072DD020200 0
072EE000200 52664
073 A010200 0.3810
073 A020200 0.0000
073 B000200 0.5770
073 C000200 0.0000
074 A000200 15
074 B000200 12761
074 C000200 54923
074 D000200 124571
074 E000200 73187
074 F000200 1651481
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 20891
074 K000200 0
074 L000200 10608
074 M000200 194
074 N000200 1948631
074 O000200 38373
074 P000200 2481
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 381
074 S000200 0
074 T000200 1907396
074 U010200 116012
074 U020200 0
074 V010200 16.44
074 V020200 0.00
074 W000200 0.0000
074 X000200 127508
074 Y000200 0
075 A000200 0
075 B000200 1701839
076 000200 0.00
028 A010300 5352
<PAGE> PAGE 10
028 A020300 0
028 A030300 0
028 A040300 2655
028 B010300 6546
028 B020300 0
028 B030300 0
028 B040300 1013
028 C010300 9397
028 C020300 0
028 C030300 0
028 C040300 349
028 D010300 4370
028 D020300 0
028 D030300 0
028 D040300 553
028 E010300 3428
028 E020300 0
028 E030300 0
028 E040300 867
028 F010300 13992
028 F020300 0
028 F030300 0
028 F040300 294
028 G010300 43085
028 G020300 0
028 G030300 0
028 G040300 5731
028 H000300 43085
062 A000300 Y
062 B000300 0.0
062 C000300 1.3
062 D000300 0.3
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 2.9
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 84.9
062 Q000300 11.0
062 R000300 0.4
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
<PAGE> PAGE 11
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 N
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 221751
071 B000300 183150
071 C000300 294973
071 D000300 62
072 A000300 12
072 B000300 32841
072 C000300 652
072 D000300 0
072 E000300 0
072 F000300 2098
072 G000300 10
072 H000300 0
072 I000300 53
072 J000300 0
072 K000300 22
072 L000300 17
072 M000300 16
072 N000300 59
072 O000300 0
072 P000300 0
<PAGE> PAGE 12
072 Q000300 0
072 R000300 24
072 S000300 43
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 4
072 X000300 2346
072 Y000300 0
072 Z000300 31147
072AA000300 0
072BB000300 2314
072CC010300 0
072CC020300 31597
072DD010300 19437
072DD020300 0
072EE000300 3958
073 A010300 0.7940
073 A020300 0.0000
073 B000300 0.1620
073 C000300 0.0000
074 A000300 0
074 B000300 16182
074 C000300 10998
074 D000300 282983
074 E000300 5383
074 F000300 1761
074 G000300 0
074 H000300 0
074 I000300 1998
074 J000300 3042
074 K000300 0
074 L000300 6509
074 M000300 36
074 N000300 328892
074 O000300 1105
074 P000300 570
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 98
074 S000300 0
074 T000300 327119
074 U010300 28535
074 U020300 0
074 V010300 11.46
074 V020300 0.00
074 W000300 0.0000
074 X000300 26059
074 Y000300 0
<PAGE> PAGE 13
075 A000300 0
075 B000300 318012
076 000300 0.00
028 A010400 41714
028 A020400 815
028 A030400 0
028 A040400 17528
028 B010400 9744
028 B020400 971
028 B030400 0
028 B040400 20488
028 C010400 30954
028 C020400 898
028 C030400 0
028 C040400 17483
028 D010400 18741
028 D020400 1009
028 D030400 0
028 D040400 43698
028 E010400 23706
028 E020400 948
028 E030400 0
028 E040400 7043
028 F010400 12520
028 F020400 1086
028 F030400 0
028 F040400 33322
028 G010400 137379
028 G020400 5727
028 G030400 0
028 G040400 139562
028 H000400 137379
062 A000400 Y
062 B000400 0.0
062 C000400 15.5
062 D000400 0.7
062 E000400 0.0
062 F000400 0.0
062 G000400 9.0
062 H000400 6.2
062 I000400 67.5
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 1.1
063 A000400 67
<PAGE> PAGE 14
063 B000400 0.0
064 A000400 Y
064 B000400 N
070 A010400 Y
070 A020400 Y
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 0
071 B000400 0
071 C000400 0
071 D000400 0
072 A000400 12
072 B000400 10269
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 961
072 G000400 9
072 H000400 0
<PAGE> PAGE 15
072 I000400 203
072 J000400 0
072 K000400 8
072 L000400 8
072 M000400 10
072 N000400 34
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 12
072 S000400 21
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 3
072 X000400 1269
072 Y000400 0
072 Z000400 8999
072AA000400 0
072BB000400 0
072CC010400 0
072CC020400 0
072DD010400 8999
072DD020400 0
072EE000400 0
073 A010400 0.3770
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 1607
074 C000400 0
074 D000400 239674
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 0
074 M000400 0
074 N000400 241281
074 O000400 0
074 P000400 350
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 93
074 S000400 0
<PAGE> PAGE 16
074 T000400 240838
074 U010400 244064
074 U020400 0
074 V010400 1.00
074 V020400 0.00
074 W000400 1.0000
074 X000400 9033
074 Y000400 0
075 A000400 231012
075 B000400 0
076 000400 0.00
028 A010500 52
028 A020500 0
028 A030500 0
028 A040500 12298
028 B010500 106
028 B020500 0
028 B030500 0
028 B040500 10631
028 C010500 89
028 C020500 0
028 C030500 0
028 C040500 7710
028 D010500 22259
028 D020500 0
028 D030500 0
028 D040500 16837
028 E010500 7205
028 E020500 0
028 E030500 0
028 E040500 12298
028 F010500 5383
028 F020500 0
028 F030500 0
028 F040500 6024
028 G010500 35094
028 G020500 0
028 G030500 0
028 G040500 65798
028 H000500 35094
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 2.4
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
<PAGE> PAGE 17
062 L000500 0.0
062 M000500 40.7
062 N000500 11.9
062 O000500 0.0
062 P000500 22.2
062 Q000500 21.1
062 R000500 1.7
063 A000500 0
063 B000500 14.2
064 A000500 Y
064 B000500 N
070 A010500 Y
070 A020500 Y
070 B010500 N
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 N
070 J020500 Y
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 816609
071 B000500 739682
071 C000500 625062
071 D000500 118
<PAGE> PAGE 18
072 A000500 12
072 B000500 46808
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 4062
072 G000500 15
072 H000500 0
072 I000500 257
072 J000500 27
072 K000500 52
072 L000500 29
072 M000500 24
072 N000500 9
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 50
072 S000500 25
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 8
072 X000500 4559
072 Y000500 0
072 Z000500 42250
072AA000500 0
072BB000500 27042
072CC010500 0
072CC020500 39147
072DD010500 35768
072DD020500 0
072EE000500 11557
073 A010500 0.6580
073 A020500 0.0000
073 B000500 0.2200
073 C000500 0.0000
074 A000500 0
074 B000500 15482
074 C000500 0
074 D000500 614339
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 11687
074 M000500 0
074 N000500 641508
<PAGE> PAGE 19
074 O000500 0
074 P000500 951
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 99
074 S000500 0
074 T000500 640458
074 U010500 52428
074 U020500 0
074 V010500 12.22
074 V020500 0.00
074 W000500 0.0000
074 X000500 40777
074 Y000500 0
075 A000500 0
075 B000500 677268
076 000500 0.00
028 A010600 7211
028 A020600 0
028 A030600 0
028 A040600 618
028 B010600 8050
028 B020600 0
028 B030600 0
028 B040600 50
028 C010600 9218
028 C020600 0
028 C030600 0
028 C040600 1477
028 D010600 4865
028 D020600 0
028 D030600 0
028 D040600 1587
028 E010600 3919
028 E020600 0
028 E030600 0
028 E040600 753
028 F010600 2220
028 F020600 0
028 F030600 0
028 F040600 2111
028 G010600 35483
028 G020600 0
028 G030600 0
028 G040600 6596
028 H000600 35483
062 A000600 N
062 B000600 0.0
062 C000600 0.0
<PAGE> PAGE 20
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 Y
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 Y
070 M010600 Y
070 M020600 Y
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
<PAGE> PAGE 21
071 A000600 624547
071 B000600 487332
071 C000600 324425
071 D000600 150
072 A000600 12
072 B000600 8773
072 C000600 6168
072 D000600 0
072 E000600 0
072 F000600 2502
072 G000600 6
072 H000600 0
072 I000600 198
072 J000600 0
072 K000600 26
072 L000600 16
072 M000600 15
072 N000600 44
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 32
072 S000600 27
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 1
072 X000600 2867
072 Y000600 0
072 Z000600 12074
072AA000600 0
072BB000600 6770
072CC010600 0
072CC020600 14795
072DD010600 7190
072DD020600 0
072EE000600 11496
073 A010600 0.2900
073 A020600 0.0000
073 B000600 0.4500
073 C000600 0.0000
074 A000600 37
074 B000600 6008
074 C000600 24992
074 D000600 136950
074 E000600 1834
074 F000600 243478
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 1638
<PAGE> PAGE 22
074 K000600 0
074 L000600 4562
074 M000600 0
074 N000600 419499
074 O000600 3377
074 P000600 732
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 12
074 R040600 1155
074 S000600 0
074 T000600 414223
074 U010600 31413
074 U020600 0
074 V010600 13.19
074 V020600 0.00
074 W000600 0.0000
074 X000600 36760
074 Y000600 0
075 A000600 0
075 B000600 377785
076 000600 0.00
028 A010700 23508
028 A020700 0
028 A030700 0
028 A040700 446
028 B010700 36053
028 B020700 0
028 B030700 0
028 B040700 2177
028 C010700 23737
028 C020700 0
028 C030700 0
028 C040700 3343
028 D010700 23073
028 D020700 0
028 D030700 0
028 D040700 1102
028 E010700 15803
028 E020700 0
028 E030700 0
028 E040700 6560
028 F010700 13930
028 F020700 0
028 F030700 0
028 F040700 2270
028 G010700 136104
028 G020700 0
028 G030700 0
028 G040700 15898
<PAGE> PAGE 23
028 H000700 136104
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
070 A010700 Y
070 A020700 Y
070 B010700 Y
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 Y
070 I020700 N
070 J010700 Y
070 J020700 Y
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 Y
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 N
<PAGE> PAGE 24
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 524386
071 B000700 214232
071 C000700 515581
071 D000700 42
072 A000700 12
072 B000700 1356
072 C000700 9568
072 D000700 0
072 E000700 0
072 F000700 3316
072 G000700 15
072 H000700 0
072 I000700 567
072 J000700 0
072 K000700 37
072 L000700 69
072 M000700 20
072 N000700 114
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 34
072 S000700 23
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 30
072 X000700 4225
072 Y000700 0
072 Z000700 6699
072AA000700 9837
072BB000700 0
072CC010700 0
072CC020700 25436
072DD010700 1756
072DD020700 0
072EE000700 597
073 A010700 0.0500
073 A020700 0.0000
073 B000700 0.0200
073 C000700 0.0000
074 A000700 0
074 B000700 16785
074 C000700 24980
074 D000700 404
074 E000700 1073
074 F000700 630035
<PAGE> PAGE 25
074 G000700 0
074 H000700 0
074 I000700 25
074 J000700 3443
074 K000700 0
074 L000700 3254
074 M000700 454
074 N000700 680453
074 O000700 8502
074 P000700 1018
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 1112
074 S000700 0
074 T000700 669821
074 U010700 49695
074 U020700 0
074 V010700 13.48
074 V020700 0.00
074 W000700 0.0000
074 X000700 71846
074 Y000700 0
075 A000700 0
075 B000700 552289
076 000700 0.00
028 A010800 0
028 A020800 0
028 A030800 0
028 A040800 5855
028 B010800 0
028 B020800 0
028 B030800 0
028 B040800 2277
028 C010800 0
028 C020800 0
028 C030800 0
028 C040800 4058
028 D010800 0
028 D020800 0
028 D030800 0
028 D040800 6762
028 E010800 0
028 E020800 0
028 E030800 0
028 E040800 3389
028 F010800 932
028 F020800 0
028 F030800 0
028 F040800 0
<PAGE> PAGE 26
028 G010800 932
028 G020800 0
028 G030800 0
028 G040800 22341
028 H000800 932
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
070 A010800 Y
070 A020800 Y
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 Y
070 I020800 N
070 J010800 Y
070 J020800 Y
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 Y
070 M020800 N
070 N010800 N
070 N020800 N
<PAGE> PAGE 27
070 O010800 N
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 336757
071 B000800 341726
071 C000800 396748
071 D000800 85
072 A000800 12
072 B000800 5556
072 C000800 18591
072 D000800 0
072 E000800 0
072 F000800 2450
072 G000800 11
072 H000800 0
072 I000800 146
072 J000800 0
072 K000800 44
072 L000800 59
072 M000800 19
072 N000800 0
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 25
072 S000800 20
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 5
072 X000800 2779
072 Y000800 0
072 Z000800 21368
072AA000800 0
072BB000800 13987
072CC010800 0
072CC020800 38349
072DD010800 12928
072DD020800 0
072EE000800 4626
073 A010800 0.3500
073 A020800 0.0000
073 B000800 0.1254
073 C000800 0.0000
074 A000800 1463
074 B000800 9235
<PAGE> PAGE 28
074 C000800 9994
074 D000800 71709
074 E000800 9420
074 F000800 281666
074 G000800 0
074 H000800 0
074 I000800 3974
074 J000800 1678
074 K000800 0
074 L000800 3104
074 M000800 62
074 N000800 392305
074 O000800 7374
074 P000800 611
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 151
074 S000800 0
074 T000800 384169
074 U010800 35973
074 U020800 0
074 V010800 10.68
074 V020800 0.00
074 W000800 0.0000
074 X000800 39445
074 Y000800 0
075 A000800 0
075 B000800 408452
076 000800 0.00
028 A010900 3206
028 A020900 0
028 A030900 0
028 A040900 2119
028 B010900 6479
028 B020900 0
028 B030900 0
028 B040900 1805
028 C010900 4029
028 C020900 0
028 C030900 0
028 C040900 4280
028 D010900 18278
028 D020900 0
028 D030900 0
028 D040900 2975
028 E010900 11507
028 E020900 0
028 E030900 0
028 E040900 2298
<PAGE> PAGE 29
028 F010900 11812
028 F020900 0
028 F030900 0
028 F040900 1329
028 G010900 55311
028 G020900 0
028 G030900 0
028 G040900 14806
028 H000900 55311
062 A000900 N
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
070 A010900 Y
070 A020900 Y
070 B010900 N
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 N
070 J020900 N
070 K010900 N
070 K020900 N
070 L010900 Y
070 L020900 Y
<PAGE> PAGE 30
070 M010900 N
070 M020900 N
070 N010900 N
070 N020900 N
070 O010900 N
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900 71050
071 B000900 8886
071 C000900 27118
071 D000900 33
072 A000900 8
072 B000900 35
072 C000900 97
072 D000900 0
072 E000900 0
072 F000900 120
072 G000900 3
072 H000900 0
072 I000900 5
072 J000900 0
072 K000900 0
072 L000900 1
072 M000900 1
072 N000900 23
072 O000900 0
072 P000900 0
072 Q000900 0
072 R000900 12
072 S000900 8
072 T000900 0
072 U000900 0
072 V000900 0
072 W000900 0
072 X000900 173
072 Y000900 49
072 Z000900 8
072AA000900 208
072BB000900 0
072CC010900 2773
072CC020900 0
072DD010900 0
072DD020900 0
072EE000900 0
073 A010900 0.0000
073 A020900 0.0000
<PAGE> PAGE 31
073 B000900 0.0000
073 C000900 0.0000
074 A000900 0
074 B000900 1146
074 C000900 4997
074 D000900 60
074 E000900 0
074 F000900 65086
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 389
074 K000900 0
074 L000900 17
074 M000900 231
074 N000900 71926
074 O000900 3210
074 P000900 84
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 39
074 S000900 0
074 T000900 68593
074 U010900 6339
074 U020900 0
074 V010900 10.82
074 V020900 0.00
074 W000900 0.0000
074 X000900 9793
074 Y000900 0
075 A000900 0
075 B000900 26351
076 000900 0.00
028 A011000 5131
028 A021000 0
028 A031000 0
028 A041000 747
028 B011000 6076
028 B021000 0
028 B031000 0
028 B041000 323
028 C011000 6352
028 C021000 0
028 C031000 0
028 C041000 933
028 D011000 2336
028 D021000 0
028 D031000 0
028 D041000 2220
<PAGE> PAGE 32
028 E011000 1482
028 E021000 0
028 E031000 0
028 E041000 1744
028 F011000 1915
028 F021000 0
028 F031000 0
028 F041000 739
028 G011000 23292
028 G021000 0
028 G031000 0
028 G041000 6706
028 H001000 23292
062 A001000 Y
062 B001000 0.0
062 C001000 0.0
062 D001000 2.5
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 1.3
062 M001000 10.4
062 N001000 17.0
062 O001000 0.0
062 P001000 35.5
062 Q001000 31.8
062 R001000 1.5
063 A001000 0
063 B001000 3.5
064 A001000 N
065 001000 N
070 A011000 Y
070 A021000 Y
070 B011000 N
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 Y
070 G021000 Y
070 H011000 N
070 H021000 N
<PAGE> PAGE 33
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 Y
070 K011000 N
070 K021000 N
070 L011000 Y
070 L021000 Y
070 M011000 Y
070 M021000 Y
070 N011000 N
070 N021000 N
070 O011000 N
070 O021000 N
070 P011000 N
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000 430385
071 B001000 273721
071 C001000 165719
071 D001000 165
072 A001000 12
072 B001000 15249
072 C001000 129
072 D001000 0
072 E001000 0
072 F001000 1219
072 G001000 8
072 H001000 0
072 I001000 112
072 J001000 0
072 K001000 4
072 L001000 3
072 M001000 9
072 N001000 70
072 O001000 0
072 P001000 0
072 Q001000 0
072 R001000 29
072 S001000 13
072 T001000 0
072 U001000 0
072 V001000 0
072 W001000 2
072 X001000 1469
072 Y001000 0
072 Z001000 13909
072AA001000 0
<PAGE> PAGE 34
072BB001000 7182
072CC011000 0
072CC021000 11423
072DD011000 924
072DD021000 0
072EE001000 1
073 A011000 0.0550
073 A021000 0.0000
073 B001000 0.0030
073 C001000 0.0000
074 A001000 0
074 B001000 5480
074 C001000 2274
074 D001000 203735
074 E001000 2830
074 F001000 101
074 G001000 0
074 H001000 8
074 I001000 786
074 J001000 1607
074 K001000 0
074 L001000 5272
074 M001000 62
074 N001000 222155
074 O001000 4593
074 P001000 407
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 18
074 R041000 1200
074 S001000 0
074 T001000 215937
074 U011000 22158718
074 U021000 0
074 V011000 9.74
074 V021000 0.00
074 W001000 0.0000
074 X001000 18020
074 Y001000 0
075 A001000 0
075 B001000 183072
076 001000 0.00
SIGNATURE GORDON H. SILVER
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 PCM Diversified Income FundAND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 225,462,853
<INVESTMENTS-AT-VALUE> 215,213,104
<RECEIVABLES> 6,941,074
<ASSETS-OTHER> 146
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 222,154,324
<PAYABLE-FOR-SECURITIES> 4,593,399
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,625,596
<TOTAL-LIABILITIES> 6,218,995
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 223,466,160
<SHARES-COMMON-STOCK> 22,158,718
<SHARES-COMMON-PRIOR> 7,864,187
<ACCUMULATED-NII-CURRENT> 11,319,097
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (8,073,322)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (10,776,606)
<NET-ASSETS> 215,935,329
<DIVIDEND-INCOME> 128,809
<INTEREST-INCOME> 15,290,337
<OTHER-INCOME> (41,539)
<EXPENSES-NET> 1,468,134
<NET-INVESTMENT-INCOME> 13,909,473
<REALIZED-GAINS-CURRENT> (10,118,686)
<APPREC-INCREASE-CURRENT> (11,419,826)
<NET-CHANGE-FROM-OPS> (7,629,039)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (923,710)
<DISTRIBUTIONS-OF-GAINS> (30,310)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 15,377,877
<NUMBER-OF-SHARES-REDEEMED> (1,179,615)
<SHARES-REINVESTED> 96,269
<NET-CHANGE-IN-ASSETS> 135,486,311
<ACCUMULATED-NII-PRIOR> 466,744
<ACCUMULATED-GAINS-PRIOR> 16,223
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,219,268
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,468,134
<AVERAGE-NET-ASSETS> 183,516,750
<PER-SHARE-NAV-BEGIN> 10.23
<PER-SHARE-NII> .61
<PER-SHARE-GAIN-APPREC> (1.04)
<PER-SHARE-DIVIDEND> (.06)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.74
<EXPENSE-RATIO> .80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 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 PCM Growth and Income Fund AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 1,937,001,094
<INVESTMENTS-AT-VALUE> 1,916,921,814
<RECEIVABLES> 31,694,457
<ASSETS-OTHER> 14,604
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,948,630,875
<PAYABLE-FOR-SECURITIES> 38,372,615
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,877,907
<TOTAL-LIABILITIES> 41,250,522
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,845,393,392
<SHARES-COMMON-STOCK> 116,102,107
<SHARES-COMMON-PRIOR> 80,995,739
<ACCUMULATED-NII-CURRENT> 60,139,264
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 21,926,977
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (20,079,280)
<NET-ASSETS> 1,907,380,353
<DIVIDEND-INCOME> 65,436,353
<INTEREST-INCOME> 7,433,569
<OTHER-INCOME> (260,221)
<EXPENSES-NET> 10,596,711
<NET-INVESTMENT-INCOME> 62,012,990
<REALIZED-GAINS-CURRENT> 28,738,990
<APPREC-INCREASE-CURRENT> (86,913,187)
<NET-CHANGE-FROM-OPS> 3,838,793
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (34,766,658)
<DISTRIBUTIONS-OF-GAINS> (52,663,594)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 30,722,147
<NUMBER-OF-SHARES-REDEEMED> (1,260,962)
<SHARES-REINVESTED> 5,555,183
<NET-CHANGE-IN-ASSETS> 499,998,762
<ACCUMULATED-NII-PRIOR> 33,019,005
<ACCUMULATED-GAINS-PRIOR> 46,038,494
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 9,644,524
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 10,596,711
<AVERAGE-NET-ASSETS> 1,709,146,935
<PER-SHARE-NAV-BEGIN> 17.38
<PER-SHARE-NII> .50
<PER-SHARE-GAIN-APPREC> (.48)
<PER-SHARE-DIVIDEND> (.38)
<PER-SHARE-DISTRIBUTIONS> (.58)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.44
<EXPENSE-RATIO> .62
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 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 PCM High Yield Fund AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 341,194,192
<INVESTMENTS-AT-VALUE> 319,305,075
<RECEIVABLES> 9,586,636
<ASSETS-OTHER> 234
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 328,891,945
<PAYABLE-FOR-SECURITIES> 1,104,890
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 667,634
<TOTAL-LIABILITIES> 1,772,524
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 321,713,387
<SHARES-COMMON-STOCK> 28,534,560
<SHARES-COMMON-PRIOR> 23,278,300
<ACCUMULATED-NII-CURRENT> 30,924,066
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,628,915)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (21,889,117)
<NET-ASSETS> 327,119,421
<DIVIDEND-INCOME> 652,019
<INTEREST-INCOME> 32,841,165
<OTHER-INCOME> 0
<EXPENSES-NET> 2,346,050
<NET-INVESTMENT-INCOME> 31,147,134
<REALIZED-GAINS-CURRENT> (2,313,782)
<APPREC-INCREASE-CURRENT> (31,597,378)
<NET-CHANGE-FROM-OPS> (2,764,026)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (19,436,636)
<DISTRIBUTIONS-OF-GAINS> (3,958,132)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16,441,517
<NUMBER-OF-SHARES-REDEEMED> (13,214,755)
<SHARES-REINVESTED> 2,029,498
<NET-CHANGE-IN-ASSETS> 35,382,542
<ACCUMULATED-NII-PRIOR> 18,987,101
<ACCUMULATED-GAINS-PRIOR> 4,658,425
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,098,314
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,346,050
<AVERAGE-NET-ASSETS> 317,033,784
<PER-SHARE-NAV-BEGIN> 12.53
<PER-SHARE-NII> 1.05
<PER-SHARE-GAIN-APPREC> (1.17)
<PER-SHARE-DIVIDEND> (.79)
<PER-SHARE-DISTRIBUTIONS> (.16)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.46
<EXPENSE-RATIO> .74
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 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 PCM Global Growth AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 648,062,465
<INVESTMENTS-AT-VALUE> 673,301,902
<RECEIVABLES> 7,150,471
<ASSETS-OTHER> 318
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 680,452,691
<PAYABLE-FOR-SECURITIES> 8,502,388
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,129,472
<TOTAL-LIABILITIES> 10,668,648
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 629,499,650
<SHARES-COMMON-STOCK> 49,694,917
<SHARES-COMMON-PRIOR> 25,790,024
<ACCUMULATED-NII-CURRENT> 4,411,370
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 10,166,269
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 25,743,542
<NET-ASSETS> 669,820,831
<DIVIDEND-INCOME> 10,340,857
<INTEREST-INCOME> 1,355,890
<OTHER-INCOME> (772,779)
<EXPENSES-NET> 4,225,236
<NET-INVESTMENT-INCOME> 6,698,732
<REALIZED-GAINS-CURRENT> 9,837,464
<APPREC-INCREASE-CURRENT> (25,364,720)
<NET-CHANGE-FROM-OPS> (8,828,524)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,755,654)
<DISTRIBUTIONS-OF-GAINS> (596,922)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 26,805,651
<NUMBER-OF-SHARES-REDEEMED> (3,078,714)
<SHARES-REINVESTED> 177,956
<NET-CHANGE-IN-ASSETS> 317,034,858
<ACCUMULATED-NII-PRIOR> 2,222,232
<ACCUMULATED-GAINS-PRIOR> (1,268,057)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,316,215
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,225,236
<AVERAGE-NET-ASSETS> 548,731,948
<PER-SHARE-NAV-BEGIN> 13.68
<PER-SHARE-NII> .13
<PER-SHARE-GAIN-APPREC> (.26)
<PER-SHARE-DIVIDEND> (.05)
<PER-SHARE-DISTRIBUTIONS> (.02)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.48
<EXPENSE-RATIO> .77
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 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 PCM Money Market Fund AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 241,281,380
<INVESTMENTS-AT-VALUE> 241,281,380
<RECEIVABLES> 3,200,098
<ASSETS-OTHER> 7
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 244,481,485
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 417,542
<TOTAL-LIABILITIES> 417,542
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 244,063,943
<SHARES-COMMON-STOCK> 244,063,943
<SHARES-COMMON-PRIOR> 129,329,364
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 244,063,943
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 10,268,658
<OTHER-INCOME> 0
<EXPENSES-NET> 1,269,623
<NET-INVESTMENT-INCOME> 8,999,035
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 8,999,035
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,999,035)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 410,265,816
<NUMBER-OF-SHARES-REDEEMED> (304,530,272)
<SHARES-REINVESTED> 8,999,035
<NET-CHANGE-IN-ASSETS> 114,734,579
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 960,766
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,269,623
<AVERAGE-NET-ASSETS> 230,840,545
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .0377
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.0377)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 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 PCM New Opportunities Fund AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 68,515,037
<INVESTMENTS-AT-VALUE> 71,288,318
<RECEIVABLES> 636,670
<ASSETS-OTHER> 29
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 71,925,017
<PAYABLE-FOR-SECURITIES> 3,209,515
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 123,506
<TOTAL-LIABILITIES> 3,333,021
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 65,603,166
<SHARES-COMMON-STOCK> 6,339,364
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 7,145
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 208,404
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,773,281
<NET-ASSETS> 68,591,996
<DIVIDEND-INCOME> 35,077
<INTEREST-INCOME> 96,927
<OTHER-INCOME> (458)
<EXPENSES-NET> 123,763
<NET-INVESTMENT-INCOME> 7,783
<REALIZED-GAINS-CURRENT> 208,404
<APPREC-INCREASE-CURRENT> 2,773,281
<NET-CHANGE-FROM-OPS> 2,989,468
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,196,685
<NUMBER-OF-SHARES-REDEEMED> (1,857,321)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 68,519,996
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 119,511
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 123,763
<AVERAGE-NET-ASSETS> 26,350,663
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> .82
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.82
<EXPENSE-RATIO> .47
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 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 PCM Global Asset Allocation AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 407,953,016
<INVESTMENTS-AT-VALUE> 413,262,492
<RECEIVABLES> 6,199,744
<ASSETS-OTHER> 36,797
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 419,499,033
<PAYABLE-FOR-SECURITIES> 3,376,643
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,899,596
<TOTAL-LIABILITIES> 5,276,239
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 406,600,695
<SHARES-COMMON-STOCK> 31,412,939
<SHARES-COMMON-PRIOR> 20,812,494
<ACCUMULATED-NII-CURRENT> 8,082,455
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,525,272)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,064,916
<NET-ASSETS> 414,222,794
<DIVIDEND-INCOME> 6,167,581
<INTEREST-INCOME> 8,893,556
<OTHER-INCOME> (120,258)
<EXPENSES-NET> 2,866,407
<NET-INVESTMENT-INCOME> 12,074,472
<REALIZED-GAINS-CURRENT> (6,770,122)
<APPREC-INCREASE-CURRENT> (14,795,291)
<NET-CHANGE-FROM-OPS> (9,490,941)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,190,360)
<DISTRIBUTIONS-OF-GAINS> (11,496,489)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,087,974
<NUMBER-OF-SHARES-REDEEMED> (914,728)
<SHARES-REINVESTED> 1,427,199
<NET-CHANGE-IN-ASSETS> 116,916,043
<ACCUMULATED-NII-PRIOR> 5,686,419
<ACCUMULATED-GAINS-PRIOR> 10,466,761
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,501,953
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,866,407
<AVERAGE-NET-ASSETS> 377,158,816
<PER-SHARE-NAV-BEGIN> 14.29
<PER-SHARE-NII> .35
<PER-SHARE-GAIN-APPREC> (.71)
<PER-SHARE-DIVIDEND> (.29)
<PER-SHARE-DISTRIBUTIONS> (.45)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.19
<EXPENSE-RATIO> .76
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 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 PCM U.S. Government and High Quality Bond Fund AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 648,395,932
<INVESTMENTS-AT-VALUE> 629,820,909
<RECEIVABLES> 11,687,196
<ASSETS-OTHER> 205
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 641,508,310
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,050,715
<TOTAL-LIABILITIES> 1,050,667
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 644,153,378
<SHARES-COMMON-STOCK> 52,428,374
<SHARES-COMMON-PRIOR> 36,932,747
<ACCUMULATED-NII-CURRENT> 42,245,471
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (27,366,231)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (18,575,023)
<NET-ASSETS> 640,457,595
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 46,808,415
<OTHER-INCOME> 0
<EXPENSES-NET> 4,558,248
<NET-INVESTMENT-INCOME> 42,250,167
<REALIZED-GAINS-CURRENT> (27,041,922)
<APPREC-INCREASE-CURRENT> (39,147,476)
<NET-CHANGE-FROM-OPS> (23,939,231)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (35,768,463)
<DISTRIBUTIONS-OF-GAINS> (11,557,390)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,684,034
<NUMBER-OF-SHARES-REDEEMED> (11,468,847)
<SHARES-REINVESTED> 3,849,672
<NET-CHANGE-IN-ASSETS> (94,928,119)
<ACCUMULATED-NII-PRIOR> 35,837,014
<ACCUMULATED-GAINS-PRIOR> 11,159,834
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,062,088
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,558,248
<AVERAGE-NET-ASSETS> 680,335,523
<PER-SHARE-NAV-BEGIN> 13.53
<PER-SHARE-NII> .81
<PER-SHARE-GAIN-APPREC> (1.24)
<PER-SHARE-DIVIDEND> (.66)
<PER-SHARE-DISTRIBUTIONS> (.22)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.22
<EXPENSE-RATIO> .67
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 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 PCM Utilities Growth and Income Fund AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 420,980,109
<INVESTMENTS-AT-VALUE> 385,997,969
<RECEIVABLES> 4,844,196
<ASSETS-OTHER> 1,463,119
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 392,305,284
<PAYABLE-FOR-SECURITIES> 7,373,727
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 762,234
<TOTAL-LIABILITIES> 8,135,961
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 412,901,814
<SHARES-COMMON-STOCK> 35,972,992
<SHARES-COMMON-PRIOR> 36,932,747
<ACCUMULATED-NII-CURRENT> 20,383,278
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (14,133,263)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (34,982,506)
<NET-ASSETS> 384,169,323
<DIVIDEND-INCOME> 18,699,274
<INTEREST-INCOME> 5,555,727
<OTHER-INCOME> (108,207)
<EXPENSES-NET> 2,778,737
<NET-INVESTMENT-INCOME> 21,368,057
<REALIZED-GAINS-CURRENT> (13,986,615)
<APPREC-INCREASE-CURRENT> (38,349,785)
<NET-CHANGE-FROM-OPS> (30,968,343)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (12,928,125)
<DISTRIBUTIONS-OF-GAINS> (4,625,690)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,208,077
<NUMBER-OF-SHARES-REDEEMED> (5,806,839)
<SHARES-REINVESTED> 1,639,007
<NET-CHANGE-IN-ASSETS> (59,111,443)
<ACCUMULATED-NII-PRIOR> 12,277,821
<ACCUMULATED-GAINS-PRIOR> 4,397,602
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,450,006
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,778,737
<AVERAGE-NET-ASSETS> 408,637,794
<PER-SHARE-NAV-BEGIN> 12.00
<PER-SHARE-NII> .60
<PER-SHARE-GAIN-APPREC> (1.44)
<PER-SHARE-DIVIDEND> (.35)
<PER-SHARE-DISTRIBUTIONS> (.13)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.68
<EXPENSE-RATIO> .68
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM Putnam PCM Voyager Fund AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 903,235,914
<INVESTMENTS-AT-VALUE> 1,028,741,159
<RECEIVABLES> 9,665,538
<ASSETS-OTHER> 15,991
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,038,422,688
<PAYABLE-FOR-SECURITIES> 8,404,827
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,045,417
<TOTAL-LIABILITIES> 11,450,244
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 877,887,925
<SHARES-COMMON-STOCK> 46,258,720
<SHARES-COMMON-PRIOR> 30,129,714
<ACCUMULATED-NII-CURRENT> 3,066,110
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 20,512,825
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 125,505,584
<NET-ASSETS> 1,026,972,444
<DIVIDEND-INCOME> 6,661,553
<INTEREST-INCOME> 2,748,787
<OTHER-INCOME> (91,936)
<EXPENSES-NET> 5,975,097
<NET-INVESTMENT-INCOME> 3,343,307
<REALIZED-GAINS-CURRENT> 23,119,443
<APPREC-INCREASE-CURRENT> (9,860,844)
<NET-CHANGE-FROM-OPS> 16,601,906
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,560,454)
<DISTRIBUTIONS-OF-GAINS> (12,726,366)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 18,624,849
<NUMBER-OF-SHARES-REDEEMED> (3,187,363)
<SHARES-REINVESTED> 691,520
<NET-CHANGE-IN-ASSETS> 351,774,093
<ACCUMULATED-NII-PRIOR> 1,404,274
<ACCUMULATED-GAINS-PRIOR> 10,101,153
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,347,055
<INTEREST-EXPENSE> 841,562,958
<GROSS-EXPENSE> 5,975,097
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 22.41
<PER-SHARE-NII> .07
<PER-SHARE-GAIN-APPREC> .14
<PER-SHARE-DIVIDEND> (.05)
<PER-SHARE-DISTRIBUTIONS> (.37)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 22.20
<EXPENSE-RATIO> .71
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
