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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 7
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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015 A000701 PUTNAM FIDUCIARY TRUST COMPANY
015 B000701 C
015 C010701 BOSTON
015 C020701 MA
015 C030701 02109
015 E010701 X
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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068 A000700 N
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070 E010700 N
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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015 A000801 PUTNAM FIDUCIARY TRUST COMPANY
015 B000801 C
015 C010801 BOSTON
015 C020801 MA
015 C030801 02109
015 E010801 X
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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015 A000901 PUTNAM FIDUCIARY TRUST
015 B000901 C
015 C010901 BOSTON
015 C020901 MA
015 C030901 02109
015 E010901 X
028 A010900 11455
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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070 E010900 N
070 E020900 N
070 F010900 N
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070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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015 A001001 PUTNAM FIDUCIARY TRUST COMPMANY
015 B001001 C
015 C011001 BOSTON
015 C021001 MA
015 C031001 02109
015 E011001 X
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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015 A001101 PUTNAM FIDUCIARY TRUST COMPANY
015 B001101 C
015 C011101 BOSTON
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015 C031101 02109
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
074 H001100 0
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074 N001100 97691
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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 PCM Global Growth Fund AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END>DEC-31-1995
<PERIOD-END>JUN-30-1996
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<EXPENSES-NET>3,464,295
<NET-INVESTMENT-INCOME>8,473,568
<REALIZED-GAINS-CURRENT>35,757,367
<APPREC-INCREASE-CURRENT>43,716,893
<NET-CHANGE-FROM-OPS>87,947,828
<EQUALIZATION>0
<DISTRIBUTIONS-OF-INCOME>(15,171,883)
<DISTRIBUTIONS-OF-GAINS>(33,603,349)
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<NUMBER-OF-SHARES-SOLD>14,162,671
<NUMBER-OF-SHARES-REDEEMED>(2,787,364)
<SHARES-REINVESTED>3,200,475
<NET-CHANGE-IN-ASSETS>264,708,741
<ACCUMULATED-NII-PRIOR>9,392,474
<ACCUMULATED-GAINS-PRIOR>31,000,126
<OVERDISTRIB-NII-PRIOR>0
<OVERDIST-NET-GAINS-PRIOR>0
<GROSS-ADVISORY-FEES>2,864,024
<INTEREST-EXPENSE>0
<GROSS-EXPENSE>3,513,589
<AVERAGE-NET-ASSETS>958,231,684
<PER-SHARE-NAV-BEGIN>15.18
<PER-SHARE-NII>.12
<PER-SHARE-GAIN-APPREC>1.32
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<PER-SHARE-NAV-END>15.80
<EXPENSE-RATIO>.37
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<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 PCM Voyager Fund AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END>DEC-31-1995
<PERIOD-END>JUN-30-1996
<INVESTMENTS-AT-COST >2,145,405,661
<INVESTMENTS-AT-VALUE>2,780,838,826
<RECEIVABLES>25,647,675
<ASSETS-OTHER>67,018
<OTHER-ITEMS-ASSETS>0
<TOTAL-ASSETS>2,806,553,519
<PAYABLE-FOR-SECURITIES>38,804,641
<SENIOR-LONG-TERM-DEBT>0
<OTHER-ITEMS-LIABILITIES>4,665,906
<TOTAL-LIABILITIES>43,470,547
<SENIOR-EQUITY>0
<PAID-IN-CAPITAL-COMMON>2,022,820,595
<SHARES-COMMON-STOCK>85,690,528
<SHARES-COMMON-PRIOR>65,570,845
<ACCUMULATED-NII-CURRENT>3,344,197
<OVERDISTRIBUTION-NII>0
<ACCUMULATED-NET-GAINS>101,485,015
<OVERDISTRIBUTION-GAINS>0
<ACCUM-APPREC-OR-DEPREC>635,433,165
<NET-ASSETS>2,763,082,972
<DIVIDEND-INCOME>8,711,476
<INTEREST-INCOME>2,399,668
<OTHER-INCOME>0
<EXPENSES-NET>7,343,198
<NET-INVESTMENT-INCOME>3,767,946
<REALIZED-GAINS-CURRENT>116,885,642
<APPREC-INCREASE-CURRENT>138,146,721
<NET-CHANGE-FROM-OPS>258,800,309
<EQUALIZATION>0
<DISTRIBUTIONS-OF-INCOME>(7,267,675)
<DISTRIBUTIONS-OF-GAINS>(123,042,650)
<DISTRIBUTIONS-OTHER>0
<NUMBER-OF-SHARES-SOLD>17,167,925
<NUMBER-OF-SHARES-REDEEMED>(1,308,129)
<SHARES-REINVESTED>4,259,887
<NET-CHANGE-IN-ASSETS>762,850,592
<ACCUMULATED-NII-PRIOR>6,843,926
<ACCUMULATED-GAINS-PRIOR>107,642,023
<OVERDISTRIB-NII-PRIOR>0
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<GROSS-ADVISORY-FEES>6,760,948
<INTEREST-EXPENSE>0
<GROSS-EXPENSE>7,427,761
<AVERAGE-NET-ASSETS>2,369,238,504
<PER-SHARE-NAV-BEGIN>30.50
<PER-SHARE-NII>.04
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<PER-SHARE-NAV-END>32.24
<EXPENSE-RATIO>.31
<AVG-DEBT-OUTSTANDING>0
<AVG-DEBT-PER-SHARE>
</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 PCM Growth & Income Fund AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END>DEC-31-1995
<PERIOD-END>JUN-30-1996
<INVESTMENTS-AT-COST >3,732,589,877
<INVESTMENTS-AT-VALUE>4,368,001,990
<RECEIVABLES>22,313,129
<ASSETS-OTHER>0
<OTHER-ITEMS-ASSETS>0
<TOTAL-ASSETS>4,390,315,119
<PAYABLE-FOR-SECURITIES>18,672,290
<SENIOR-LONG-TERM-DEBT>0
<OTHER-ITEMS-LIABILITIES>5,494,489
<TOTAL-LIABILITIES>24,166,779
<SENIOR-EQUITY>0
<PAID-IN-CAPITAL-COMMON>3,536,904,250
<SHARES-COMMON-STOCK>198,527,742
<SHARES-COMMON-PRIOR>154,278,978
<ACCUMULATED-NII-CURRENT>51,770,162
<OVERDISTRIBUTION-NII>0
<ACCUMULATED-NET-GAINS>142,059,627
<OVERDISTRIBUTION-GAINS>0
<ACCUM-APPREC-OR-DEPREC>635,414,301
<NET-ASSETS>4,366,148,340
<DIVIDEND-INCOME>57,444,121
<INTEREST-INCOME>8,055,107
<OTHER-INCOME>0
<EXPENSES-NET>10,130,807
<NET-INVESTMENT-INCOME>55,368,421
<REALIZED-GAINS-CURRENT>155,581,705
<APPREC-INCREASE-CURRENT>114,539,924
<NET-CHANGE-FROM-OPS>325,490,050
<EQUALIZATION>0
<DISTRIBUTIONS-OF-INCOME>(86,191,139)
<DISTRIBUTIONS-OF-GAINS>(150,161,126)
<DISTRIBUTIONS-OTHER>0
<NUMBER-OF-SHARES-SOLD>33,520,240
<NUMBER-OF-SHARES-REDEEMED>(347,036)
<SHARES-REINVESTED>11,075,560
<NET-CHANGE-IN-ASSETS>1,053,842,236
<ACCUMULATED-NII-PRIOR>82,592,880
<ACCUMULATED-GAINS-PRIOR>136,639,048
<OVERDISTRIB-NII-PRIOR>0
<OVERDIST-NET-GAINS-PRIOR>0
<GROSS-ADVISORY-FEES>9,457,725
<INTEREST-EXPENSE>0
<GROSS-EXPENSE>10,248,174
<AVERAGE-NET-ASSETS>3,837,640,042
<PER-SHARE-NAV-BEGIN>21.47
<PER-SHARE-NII>.24
<PER-SHARE-GAIN-APPREC>1.68
<PER-SHARE-DIVIDEND>(.51)
<PER-SHARE-DISTRIBUTIONS>(.89)
<RETURNS-OF-CAPITAL>0
<PER-SHARE-NAV-END>21.99
<EXPENSE-RATIO>.27
<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 PCM High Yield Fund AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE>OTHER
<FISCAL-YEAR-END>DEC-31-1995
<PERIOD-END>JUN-30-1996
<INVESTMENTS-AT-COST >580,274,230
<INVESTMENTS-AT-VALUE>584,894,558
<RECEIVABLES>14,349,998
<ASSETS-OTHER>1,966
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<TOTAL-ASSETS>599,246,522
<PAYABLE-FOR-SECURITIES>8,748,718
<SENIOR-LONG-TERM-DEBT>0
<OTHER-ITEMS-LIABILITIES>1,036,264
<TOTAL-LIABILITIES>9,784,982
<SENIOR-EQUITY>0
<PAID-IN-CAPITAL-COMMON>559,337,206
<SHARES-COMMON-STOCK>48,791,280
<SHARES-COMMON-PRIOR>40,303,807
<ACCUMULATED-NII-CURRENT>24,991,277
<OVERDISTRIBUTION-NII>0
<ACCUMULATED-NET-GAINS>512,729
<OVERDISTRIBUTION-GAINS>0
<ACCUM-APPREC-OR-DEPREC>4,620,328
<NET-ASSETS>589,461,540
<DIVIDEND-INCOME>801,190
<INTEREST-INCOME>26,483,866
<OTHER-INCOME>0
<EXPENSES-NET>1,998,216
<NET-INVESTMENT-INCOME>25,286,840
<REALIZED-GAINS-CURRENT>7,497,554
<APPREC-INCREASE-CURRENT>(5,963,603)
<NET-CHANGE-FROM-OPS>26,820,791
<EQUALIZATION>0
<DISTRIBUTIONS-OF-INCOME>(37,899,438)
<DISTRIBUTIONS-OF-GAINS>0
<DISTRIBUTIONS-OTHER>0
<NUMBER-OF-SHARES-SOLD>10,513,480
<NUMBER-OF-SHARES-REDEEMED>(5,221,575)
<SHARES-REINVESTED>3,195,568
<NET-CHANGE-IN-ASSETS>90,994,388
<ACCUMULATED-NII-PRIOR>37,603,875
<ACCUMULATED-GAINS-PRIOR>0
<OVERDISTRIB-NII-PRIOR>0
<OVERDIST-NET-GAINS-PRIOR>(6,984,825)
<GROSS-ADVISORY-FEES>1,847,885
<INTEREST-EXPENSE>0
<GROSS-EXPENSE>2,059,107
<AVERAGE-NET-ASSETS>541,900,043
<PER-SHARE-NAV-BEGIN>12.37
<PER-SHARE-NII>.49
<PER-SHARE-GAIN-APPREC>.13
<PER-SHARE-DIVIDEND>0
<PER-SHARE-DISTRIBUTIONS>(.91)
<RETURNS-OF-CAPITAL>0
<PER-SHARE-NAV-END>12.08
<EXPENSE-RATIO>.38
<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 PCM U.S. Government & High Quality Bond Fund AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END>DEC-31-1995
<PERIOD-END>JUN-30-1996
<INVESTMENTS-AT-COST >731,232,762
<INVESTMENTS-AT-VALUE>728,665,927
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<ASSETS-OTHER>404,642
<OTHER-ITEMS-ASSETS>0
<TOTAL-ASSETS>745,769,167
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<SENIOR-EQUITY>0
<PAID-IN-CAPITAL-COMMON>733,956,909
<SHARES-COMMON-STOCK>59,526,803
<SHARES-COMMON-PRIOR>54,370,263
<ACCUMULATED-NII-CURRENT>23,695,330
<OVERDISTRIBUTION-NII>0
<ACCUMULATED-NET-GAINS>0
<OVERDISTRIBUTION-GAINS>(10,622,725)
<ACCUM-APPREC-OR-DEPREC>(2,582,875)
<NET-ASSETS>744,446,639
<DIVIDEND-INCOME>0
<INTEREST-INCOME>26,480,580
<OTHER-INCOME>0
<EXPENSES-NET>2,490,853
<NET-INVESTMENT-INCOME>23,989,727
<REALIZED-GAINS-CURRENT>(271,904)
<APPREC-INCREASE-CURRENT>(46,820,126)
<NET-CHANGE-FROM-OPS>(23,102,303)
<EQUALIZATION>0
<DISTRIBUTIONS-OF-INCOME>(45,290,231)
<DISTRIBUTIONS-OF-GAINS>0
<DISTRIBUTIONS-OTHER>0
<NUMBER-OF-SHARES-SOLD>3,543,966
<NUMBER-OF-SHARES-REDEEMED>(2,013,546)
<SHARES-REINVESTED>3,626,120
<NET-CHANGE-IN-ASSETS>(2,577,475)
<ACCUMULATED-NII-PRIOR>44,995,834
<ACCUMULATED-GAINS-PRIOR>0
<OVERDISTRIB-NII-PRIOR>0
<OVERDIST-NET-GAINS-PRIOR>(10,350,821)
<GROSS-ADVISORY-FEES>2,270,865
<INTEREST-EXPENSE>0
<GROSS-EXPENSE>2,527,726
<AVERAGE-NET-ASSETS>739,397,438
<PER-SHARE-NAV-BEGIN>13.74
<PER-SHARE-NII>.39
<PER-SHARE-GAIN-APPREC>(.80)
<PER-SHARE-DIVIDEND>(.82)
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<PER-SHARE-NAV-END>.34
<EXPENSE-RATIO>0
<AVG-DEBT-OUTSTANDING>0
<AVG-DEBT-PER-SHARE>
</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 PCM Money Market Fund AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END>DEC-31-1995
<PERIOD-END>JUN-30-1996
<INVESTMENTS-AT-COST >359,502,365
<INVESTMENTS-AT-VALUE>359,502,365
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<PAID-IN-CAPITAL-COMMON>356,509,817
<SHARES-COMMON-STOCK>356,509,817
<SHARES-COMMON-PRIOR>263,213,299
<ACCUMULATED-NII-CURRENT>0
<OVERDISTRIBUTION-NII>0
<ACCUMULATED-NET-GAINS>0
<OVERDISTRIBUTION-GAINS>0
<ACCUM-APPREC-OR-DEPREC>0
<NET-ASSETS>356,509,817
<DIVIDEND-INCOME>0
<INTEREST-INCOME>8,694,197
<OTHER-INCOME>0
<EXPENSES-NET>848,610
<NET-INVESTMENT-INCOME>7,845,587
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<DISTRIBUTIONS-OF-INCOME>(7,845,587)
<DISTRIBUTIONS-OF-GAINS>0
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<NUMBER-OF-SHARES-SOLD>349,196,109
<NUMBER-OF-SHARES-REDEEMED>(263,647,200)
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</TABLE>
