<PAGE> PAGE 1
000 B000000 12/31/1999
000 C000000 0000822671
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 PUTNAM VARIABLE TRUST
001 B000000 811-346
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 22
007 C010100 1
007 C020100 PUTNAM VT VOYAGER FUND
007 C030100 N
007 C010200 2
007 C020200 PUTNAM VT GLOBAL GROWTH FUND
007 C030200 N
007 C010300 3
007 C020300 PUTNAM VT GROWTH AND INCOME FUND
007 C030300 N
007 C010400 4
007 C020400 PUTNAM VT GLOBAL ASSET ALLOCATION FUND
007 C030400 N
007 C010500 5
007 C020500 PUTNAM VT HIGH YIELD FUND
007 C030500 N
007 C010600 6
007 C020600 PUTNAM VT INCOME FUND
007 C030600 N
007 C010700 7
007 C020700 PUTNAM VT MONEY MARKET FUND
007 C030700 N
007 C010800 8
007 C020800 PUTNAM VT UTILITIES GROWTH AND INCOME FUND
007 C030800 N
007 C010900 9
007 C020900 PUTNAM VT DIVERSIFIED INCOME FUND
007 C030900 N
007 C011000 10
007 C021000 PUTNAM VT NEW OPPORTUNITIES FUND
<PAGE> PAGE 2
007 C031000 N
007 C011100 11
007 C021100 PUTNAM VT ASIA PACIFIC GROWTH FUND
007 C031100 N
007 C011200 12
007 C021200 PUTNAM VT INTERNATIONAL GROWTH & INCOME
007 C031200 N
007 C011300 13
007 C021300 PUTNAM VT INTERNATIONAL GROWTH
007 C031300 N
007 C011400 14
007 C021400 PUTNAM VT INTERNATIONAL NEW OPPORTUNITIES
007 C031400 N
007 C011500 15
007 C021500 PUTNAM VT VISTA
007 C031500 N
007 C011600 16
007 C021600 PUTNAM VT NEW VALUE
007 C031600 N
007 C011700 17
007 C021700 PUTNAM VT HEALTH SCIENCES FUND
007 C031700 N
007 C011800 18
007 C021800 PUTNAM VT INVESTORS
007 C031800 N
007 C011900 19
007 C021900 PUTNAM VT OTC & EMERGING GROWTH
007 C031900 N
007 C012000 20
007 C022000 PUTNAM VT THE GEORGE PUTNAM FUND OF BOSTON
007 C032000 N
007 C012100 21
007 C022100 PUTNAM VT RESEARCH FUND
007 C032100 N
007 C012200 22
007 C022200 PUTNAM VT SMALL CAP VALUE FUND
007 C032200 N
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
<PAGE> PAGE 3
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
007 C014100 41
007 C014200 42
007 C014300 43
007 C014400 44
007 C014500 45
007 C014600 46
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
007 C015100 51
007 C015200 52
007 C015300 53
007 C015400 54
007 C015500 55
007 C015600 56
007 C015700 57
007 C015800 58
007 C015900 59
007 C016000 60
007 C016100 61
007 C016200 62
007 C016300 63
007 C016400 64
007 C016500 65
007 C016600 66
007 C016700 67
007 C016800 68
007 C016900 69
007 C017000 70
007 C017100 71
007 C017200 72
007 C017300 73
007 C017400 74
007 C017500 75
007 C017600 76
007 C017700 77
007 C017800 78
007 C017900 79
007 C018000 80
007 C018100 81
007 C018200 82
007 C018300 83
007 C018400 84
007 C018500 85
007 C018600 86
007 C018700 87
<PAGE> PAGE 4
007 C018800 88
007 C018900 89
007 C019000 90
008 A00AA01 PUTNAM INVESTMENT MANAGEMENT, INC
008 B00AA01 A
008 C00AA01 801-7974
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02109
011 A00AA01 PUTNAM MUTUAL FUNDS CORP.
011 B00AA01 8-5088
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02109
012 A00AA01 PUTNAM INVESTOR SERVICES
012 B00AA01 84-401299
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02109
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
015 A00AA01 PUTNAM FIDUCIARY TRUST CORP
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02109
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 97
019 C00AA00 PUTNAMFUND
020 A000001 MERILL LYNCH, PIERCE, FENNER & SMITH,INC.
020 B000001 13-5674085
020 C000001 11645
020 A000002 GOLDMAN SACHS
020 B000002 13-5108880
020 C000002 7016
020 A000003 MORGAN STANLEY DEAN WITTER
020 C000003 6159
020 A000004 CREDIT SUISSE FIRST BOSTON
020 B000004 13-5659485
020 C000004 5925
020 A000005 WARBURG DILLON READ
020 C000005 4996
020 A000006 SALOMON SMITH BARNEY
020 C000006 3789
020 A000007 DEUTCHE BANK CAPITAL CORP
020 B000007 13-6124068
020 C000007 1932
<PAGE> PAGE 5
020 A000008 AG EDWARDS & SONS INC
020 B000008 43-0895477
020 C000008 1723
020 A000009 LEHMAN BROTHERS
020 B000009 13-2518466
020 C000009 1399
020 A000010 AMERICAN EXPRESS FINANCIAL
020 C000010 1336
021 000000 73451
022 A000001 CREDIT SUISSE FIRST BOSTON
022 C000001 38916022
022 D000001 1159219
022 A000002 WARBURG DILLON READ
022 C000002 34030190
022 D000002 459222
022 A000003 GOLDMAN SACHS
022 B000003 13-5108880
022 C000003 26011080
022 D000003 1398466
022 A000004 LEHMAN BROTHERS
022 B000004 13-2518466
022 C000004 19769298
022 D000004 1179710
022 A000005 SALOMON SMITH BARNEY
022 C000005 11063320
022 D000005 1130102
022 A000006 MERRILL LYNCH PIERCE, FENNER & SMITH
022 B000006 13-5674085
022 C000006 9040488
022 D000006 1238776
022 A000007 MORGAN STANLEY DEAN WITTER
022 C000007 8667780
022 D000007 1422828
022 A000008 MORGAN (J.P.) SECURITES
022 C000008 8814336
022 D000008 334982
022 A000009 DIRECT ASSOCIATES CORP OF N.A.
022 C000009 5151089
022 D000009 0
022 A000010 HOUSEHOLD FINANCE
022 C000010 2705231
022 D000010 0
023 C000000 264396226
023 D000000 21543487
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 Y
<PAGE> PAGE 6
026 G020000 Y
026 H000000 N
027 000000 Y
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
055 A00AA00 Y
055 B00AA00 N
056 00AA00 N
057 00AA00 N
077 A000000 Y
077 B000000 Y
078 000000 N
080 A00AA00 FEDERAL INSURANCE COMPANY
080 B00AA00 NATIONAL UNION FIRE INSURANCE COMPANY
080 C00AA00 45000
081 A00AA00 Y
081 B00AA00 96
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
086 A01AA00 0
086 A02AA00 0
086 B01AA00 0
086 B02AA00 0
086 C01AA00 0
086 C02AA00 0
086 D01AA00 0
086 D02AA00 0
<PAGE> PAGE 7
086 E01AA00 0
086 E02AA00 0
086 F01AA00 0
086 F02AA00 0
028 A010100 40702
028 A020100 0
028 A030100 0
028 A040100 33529
028 B010100 43693
028 B020100 0
028 B030100 0
028 B040100 34563
028 C010100 47633
028 C020100 0
028 C030100 0
028 C040100 31526
028 D010100 46897
028 D020100 0
028 D030100 0
028 D040100 35689
028 E010100 41004
028 E020100 0
028 E030100 0
028 E040100 35112
028 F010100 42366
028 F020100 0
028 F030100 0
028 F040100 37601
028 G010100 262295
028 G020100 0
028 G030100 0
028 G040100 208020
028 H000100 262295
029 000100 N
030 A000100 0
030 B000100 0.00
030 C000100 0.00
031 A000100 0
031 B000100 0
032 000100 0
033 000100 0
042 A000100 0
042 B000100 0
042 C000100 100
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 59
044 000100 0
<PAGE> PAGE 8
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 500000
048 A020100 0.700
048 B010100 500000
048 B020100 0.600
048 C010100 500000
048 C020100 0.550
048 D010100 5000000
048 D020100 0.500
048 E010100 5000000
048 E020100 0.475
048 F010100 5000000
048 F020100 0.455
048 G010100 5000000
048 G020100 0.440
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 21500000
048 K020100 0.430
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
054 A000100 Y
054 B000100 Y
054 C000100 Y
054 D000100 N
054 E000100 N
054 F000100 N
054 G000100 N
054 H000100 N
054 I000100 N
054 J000100 Y
054 K000100 N
054 L000100 Y
054 M000100 Y
054 N000100 N
054 O000100 Y
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 5000
<PAGE> PAGE 9
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
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 C000100 Y
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
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 Y
070 G010100 Y
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
<PAGE> PAGE 10
070 M020100 Y
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 N
070 R020100 N
071 A000100 5601906
071 B000100 5531461
071 C000100 6497479
071 D000100 85
072 A000100 12
072 B000100 8314
072 C000100 32649
072 D000100 0
072 E000100 0
072 F000100 34843
072 G000100 36
072 H000100 0
072 I000100 2104
072 J000100 107
072 K000100 0
072 L000100 35
072 M000100 91
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 57
072 S000100 43
072 T000100 59
072 U000100 0
072 V000100 0
072 W000100 197
072 X000100 37572
072 Y000100 0
072 Z000100 3391
072AA000100 1215990
072BB000100 0
072CC010100 2179686
072CC020100 0
072DD010100 6564
072DD020100 8
072EE000100 526375
073 A010100 0.0500
073 A020100 0.0500
073 B000100 4.1700
<PAGE> PAGE 11
073 C000100 0.0000
074 A000100 0
074 B000100 90809
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 9178466
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 43062
074 K000100 0
074 L000100 3797
074 M000100 0
074 N000100 9316134
074 O000100 11698
074 P000100 10704
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 7646
074 S000100 0
074 T000100 9286086
074 U010100 137816
074 U020100 2358
074 V010100 66.25
074 V020100 66.11
074 W000100 0.0000
074 X000100 0
074 Y000100 0
075 A000100 0
075 B000100 6623805
076 000100 0.00
028 A010200 3243
028 A020200 0
028 A030200 0
028 A040200 22684
028 B010200 2622
028 B020200 0
028 B030200 0
028 B040200 21238
028 C010200 6385
028 C020200 0
028 C030200 0
028 C040200 15389
028 D010200 7746
028 D020200 0
028 D030200 0
028 D040200 15959
028 E010200 13504
<PAGE> PAGE 12
028 E020200 0
028 E030200 0
028 E040200 11955
028 F010200 11509
028 F020200 0
028 F030200 0
028 F040200 17487
028 G010200 45009
028 G020200 0
028 G030200 0
028 G040200 104712
028 H000200 45009
029 000200 N
030 A000200 0
030 B000200 0.00
030 C000200 0.00
031 A000200 0
031 B000200 0
032 000200 0
033 000200 0
042 A000200 0
042 B000200 0
042 C000200 100
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 11
044 000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.600
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
<PAGE> PAGE 13
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 N
054 A000200 Y
054 B000200 Y
054 C000200 Y
054 D000200 N
054 E000200 N
054 F000200 N
054 G000200 N
054 H000200 N
054 I000200 N
054 J000200 Y
054 K000200 N
054 L000200 Y
054 M000200 Y
054 N000200 N
054 O000200 Y
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 5000
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
063 A000200 0
063 B000200 0.0
066 A000200 Y
<PAGE> PAGE 14
066 C000200 Y
067 000200 N
068 A000200 N
068 B000200 Y
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 Y
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
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 N
070 R020200 N
071 A000200 3356369
071 B000200 3457604
071 C000200 2167086
071 D000200 155
072 A000200 12
072 B000200 926
072 C000200 12832
072 D000200 0
072 E000200 0
072 F000200 13250
<PAGE> PAGE 15
072 G000200 21
072 H000200 0
072 I000200 711
072 J000200 1265
072 K000200 0
072 L000200 63
072 M000200 45
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 94
072 S000200 18
072 T000200 11
072 U000200 0
072 V000200 0
072 W000200 175
072 X000200 15653
072 Y000200 0
072 Z000200 -1895
072AA000200 502751
072BB000200 0
072CC010200 735610
072CC020200 0
072DD010200 8217
072DD020200 8
072EE000200 171108
073 A010200 0.0900
073 A020200 0.0800
073 B000200 1.7700
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 0
074 D000200 0
074 E000200 0
074 F000200 3113695
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 17873
074 K000200 0
074 L000200 1060
074 M000200 0
074 N000200 3132628
074 O000200 1683
074 P000200 10908
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
<PAGE> PAGE 16
074 R040200 1055
074 S000200 0
074 T000200 3118982
074 U010200 101354
074 U020200 951
074 V010200 30.49
074 V020200 30.41
074 W000200 0.0000
074 X000200 0
074 Y000200 0
075 A000200 0
075 B000200 2162401
076 000200 0.00
024 000300 Y
025 A000301 MERRILL LYNCH & CO., INC.
025 B000301 13-5674085
025 C000301 E
025 D000301 92743
025 A000302 MORGAN STANLEY, DEAN WITTER, DISCOVER & CO.
025 C000302 E
025 D000302 24317
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 10889
028 A020300 0
028 A030300 0
028 A040300 28747
028 B010300 6411
028 B020300 0
028 B030300 0
028 B040300 77111
028 C010300 21177
028 C020300 0
028 C030300 0
028 C040300 74365
028 D010300 10194
028 D020300 0
028 D030300 0
028 D040300 63141
028 E010300 11990
028 E020300 0
028 E030300 0
028 E040300 41555
028 F010300 6161
028 F020300 0
028 F030300 0
028 F040300 40096
<PAGE> PAGE 17
028 G010300 66822
028 G020300 0
028 G030300 0
028 G040300 325015
028 H000300 66822
029 000300 N
030 A000300 0
030 B000300 0.00
030 C000300 0.00
031 A000300 0
031 B000300 0
032 000300 0
033 000300 0
042 A000300 0
042 B000300 0
042 C000300 100
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 80
044 000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 500000
048 A020300 0.650
048 B010300 500000
048 B020300 0.550
048 C010300 500000
048 C020300 0.500
048 D010300 5000000
048 D020300 0.450
048 E010300 5000000
048 E020300 0.425
048 F010300 5000000
048 F020300 0.405
048 G010300 5000000
048 G020300 0.390
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 21500000
048 K020300 0.380
049 000300 N
050 000300 N
<PAGE> PAGE 18
051 000300 N
052 000300 N
053 A000300 N
054 A000300 Y
054 B000300 Y
054 C000300 Y
054 D000300 N
054 E000300 N
054 F000300 N
054 G000300 N
054 H000300 N
054 I000300 N
054 J000300 Y
054 K000300 N
054 L000300 Y
054 M000300 Y
054 N000300 N
054 O000300 Y
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 5000
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
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 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
066 A000300 Y
066 E000300 Y
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 Y
<PAGE> PAGE 19
070 B010300 Y
070 B020300 N
070 C010300 Y
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 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
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 5381621
071 B000300 5455049
071 C000300 10025423
071 D000300 54
072 A000300 12
072 B000300 9404
072 C000300 211412
072 D000300 0
072 E000300 0
072 F000300 47065
072 G000300 40
072 H000300 0
072 I000300 3247
072 J000300 -637
072 K000300 0
072 L000300 43
072 M000300 180
<PAGE> PAGE 20
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 35
072 S000300 65
072 T000300 80
072 U000300 0
072 V000300 0
072 W000300 172
072 X000300 50290
072 Y000300 0
072 Z000300 170526
072AA000300 801628
072BB000300 0
072CC010300 813642
072CC020300 0
072DD010300 140252
072DD020300 203
072EE000300 699887
073 A010300 0.4100
073 A020300 0.4100
073 B000300 2.0400
073 C000300 0.0000
074 A000300 23
074 B000300 56061
074 C000300 49852
074 D000300 0
074 E000300 17579
074 F000300 9605691
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 38411
074 K000300 0
074 L000300 17616
074 M000300 0
074 N000300 9785233
074 O000300 39311
074 P000300 11981
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 4752
074 S000300 0
074 T000300 9729189
074 U010300 356956
074 U020300 6061
074 V010300 26.80
074 V020300 26.75
<PAGE> PAGE 21
074 W000300 0.0000
074 X000300 116496
074 Y000300 0
075 A000300 0
075 B000300 10280907
076 000300 0.00
028 A010400 311
028 A020400 0
028 A030400 0
028 A040400 9111
028 B010400 421
028 B020400 0
028 B030400 0
028 B040400 8444
028 C010400 161
028 C020400 0
028 C030400 0
028 C040400 11610
028 D010400 141
028 D020400 0
028 D030400 0
028 D040400 18417
028 E010400 171
028 E020400 0
028 E030400 0
028 E040400 9177
028 F010400 349
028 F020400 0
028 F030400 0
028 F040400 10111
028 G010400 1554
028 G020400 0
028 G030400 0
028 G040400 66870
028 H000400 1554
030 A000400 0
030 B000400 0.00
030 C000400 0.00
031 A000400 0
031 B000400 0
032 000400 0
033 000400 0
042 A000400 0
042 B000400 0
042 C000400 100
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
043 000400 4
<PAGE> PAGE 22
044 000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.000
048 A010400 500000
048 A020400 0.700
048 B010400 500000
048 B020400 0.600
048 C010400 500000
048 C020400 0.550
048 D010400 5000000
048 D020400 0.500
048 E010400 5000000
048 E020400 0.475
048 F010400 5000000
048 F020400 0.455
048 G010400 5000000
048 G020400 0.440
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 21500000
048 K020400 0.430
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 N
054 A000400 Y
054 B000400 Y
054 C000400 Y
054 D000400 N
054 E000400 N
054 F000400 N
054 G000400 N
054 H000400 N
054 I000400 N
054 J000400 Y
054 K000400 N
054 L000400 Y
054 M000400 Y
054 N000400 N
054 O000400 Y
058 A000400 N
059 000400 Y
060 A000400 Y
060 B000400 Y
<PAGE> PAGE 23
061 000400 5000
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
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 0.0
063 A000400 0
063 B000400 0.0
066 A000400 Y
066 G000400 Y
067 000400 Y
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 Y
070 F010400 Y
070 F020400 Y
070 G010400 Y
070 G020400 Y
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
<PAGE> PAGE 24
070 M010400 Y
070 M020400 Y
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 Y
070 Q020400 N
071 A000400 1366046
071 B000400 1459745
071 C000400 911812
071 D000400 150
072 A000400 12
072 B000400 8053
072 C000400 21469
072 D000400 0
072 E000400 0
072 F000400 6441
072 G000400 16
072 H000400 0
072 I000400 313
072 J000400 639
072 K000400 0
072 L000400 7
072 M000400 24
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 91
072 S000400 10
072 T000400 4
072 U000400 0
072 V000400 0
072 W000400 12
072 X000400 7557
072 Y000400 0
072 Z000400 21965
072AA000400 90774
072BB000400 0
072CC010400 0
072CC020400 1986
072DD010400 19758
072DD020400 37
072EE000400 55437
073 A010400 0.3800
073 A020400 0.3700
073 B000400 1.0600
073 C000400 0.0000
<PAGE> PAGE 25
074 A000400 1320
074 B000400 24189
074 C000400 0
074 D000400 282645
074 E000400 2560
074 F000400 690673
074 G000400 4817
074 H000400 0
074 I000400 1006
074 J000400 4500
074 K000400 0
074 L000400 10070
074 M000400 4523
074 N000400 1026303
074 O000400 5975
074 P000400 1784
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 10840
074 S000400 0
074 T000400 1007704
074 U010400 51076
074 U020400 338
074 V010400 19.60
074 V020400 19.60
074 W000400 0.0000
074 X000400 0
074 Y000400 0
075 A000400 0
075 B000400 990350
076 000400 0.00
024 000500 Y
025 A000501 MERRILL LYNCH MTG. INV., INC. SER.96-C2, IO
025 C000501 D
025 D000501 137
025 D000502 0
025 D000503 0
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 16159
028 A020500 0
028 A030500 0
028 A040500 25124
028 B010500 3108
028 B020500 0
028 B030500 0
<PAGE> PAGE 26
028 B040500 19599
028 C010500 2018
028 C020500 0
028 C030500 0
028 C040500 13250
028 D010500 8460
028 D020500 0
028 D030500 0
028 D040500 17094
028 E010500 10030
028 E020500 0
028 E030500 0
028 E040500 11107
028 F010500 8638
028 F020500 0
028 F030500 0
028 F040500 29306
028 G010500 48413
028 G020500 0
028 G030500 0
028 G040500 115480
028 H000500 48413
030 A000500 0
030 B000500 0.00
030 C000500 0.00
031 A000500 0
031 B000500 0
032 000500 0
033 000500 0
042 A000500 0
042 B000500 0
042 C000500 100
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 11
044 000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.000
048 A010500 500000
048 A020500 0.700
048 B010500 500000
048 B020500 0.600
048 C010500 500000
048 C020500 0.550
048 D010500 5000000
048 D020500 0.500
<PAGE> PAGE 27
048 E010500 5000000
048 E020500 0.475
048 F010500 5000000
048 F020500 0.455
048 G010500 5000000
048 G020500 0.440
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 21500000
048 K020500 0.430
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 N
054 A000500 Y
054 B000500 Y
054 C000500 Y
054 D000500 N
054 E000500 N
054 F000500 N
054 G000500 N
054 H000500 N
054 I000500 N
054 J000500 Y
054 K000500 N
054 L000500 Y
054 M000500 Y
054 N000500 N
054 O000500 Y
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 5000
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 1.9
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
062 L000500 0.0
<PAGE> PAGE 28
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 83.7
062 Q000500 3.4
062 R000500 9.4
063 A000500 0
063 B000500 7.6
064 A000500 N
064 B000500 Y
065 000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 Y
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 Y
<PAGE> PAGE 29
070 R020500 N
071 A000500 519814
071 B000500 534008
071 C000500 981585
071 D000500 53
072 A000500 12
072 B000500 103455
072 C000500 7697
072 D000500 0
072 E000500 0
072 F000500 6609
072 G000500 15
072 H000500 0
072 I000500 322
072 J000500 172
072 K000500 0
072 L000500 8
072 M000500 31
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 89
072 S000500 51
072 T000500 11
072 U000500 0
072 V000500 0
072 W000500 12
072 X000500 7320
072 Y000500 0
072 Z000500 103832
072AA000500 0
072BB000500 60648
072CC010500 14877
072CC020500 0
072DD010500 109086
072DD020500 431
072EE000500 0
073 A010500 1.2600
073 A020500 1.2600
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 18601
074 C000500 0
074 D000500 856597
074 E000500 81332
074 F000500 9493
074 G000500 0
074 H000500 0
074 I000500 0
<PAGE> PAGE 30
074 J000500 1281
074 K000500 0
074 L000500 19313
074 M000500 0
074 N000500 986617
074 O000500 1258
074 P000500 2469
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 654
074 S000500 0
074 T000500 982236
074 U010500 86980
074 U020500 1592
074 V010500 11.09
074 V020500 11.08
074 W000500 0.0000
074 X000500 0
074 Y000500 0
075 A000500 0
075 B000500 1020086
076 000500 0.00
028 A010600 3808
028 A020600 0
028 A030600 0
028 A040600 14741
028 B010600 7250
028 B020600 0
028 B030600 0
028 B040600 9289
028 C010600 6619
028 C020600 0
028 C030600 0
028 C040600 9708
028 D010600 2239
028 D020600 0
028 D030600 0
028 D040600 16855
028 E010600 3448
028 E020600 0
028 E030600 0
028 E040600 24109
028 F010600 4446
028 F020600 0
028 F030600 0
028 F040600 20705
028 G010600 27810
028 G020600 0
028 G030600 0
<PAGE> PAGE 31
028 G040600 95407
028 H000600 27810
029 000600 N
030 A000600 0
030 B000600 0.00
030 C000600 0.00
031 A000600 0
031 B000600 0
032 000600 0
033 000600 0
042 A000600 0
042 B000600 0
042 C000600 100
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 12
044 000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.000
048 A010600 500000
048 A020600 0.650
048 B010600 500000
048 B020600 0.550
048 C010600 500000
048 C020600 0.500
048 D010600 5000000
048 D020600 0.450
048 E010600 5000000
048 E020600 0.425
048 F010600 5000000
048 F020600 0.405
048 G010600 5000000
048 G020600 0.390
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 21500000
048 K020600 0.380
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 N
<PAGE> PAGE 32
054 A000600 Y
054 B000600 Y
054 C000600 Y
054 D000600 N
054 E000600 N
054 F000600 N
054 G000600 N
054 H000600 N
054 I000600 N
054 J000600 Y
054 K000600 N
054 L000600 Y
054 M000600 Y
054 N000600 N
054 O000600 Y
058 A000600 N
059 000600 Y
060 A000600 Y
060 B000600 Y
061 000600 5000
062 A000600 Y
062 B000600 0.0
062 C000600 0.0
062 D000600 1.7
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 2.1
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 4.0
062 N000600 19.3
062 O000600 0.3
062 P000600 57.2
062 Q000600 15.6
062 R000600 0.3
063 A000600 0
063 B000600 12.6
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
<PAGE> PAGE 33
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 Y
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 N
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
071 A000600 2180423
071 B000600 2135614
071 C000600 966758
071 D000600 221
072 A000600 12
072 B000600 67776
072 C000600 163
072 D000600 0
072 E000600 0
072 F000600 6048
072 G000600 20
072 H000600 0
072 I000600 320
072 J000600 123
072 K000600 0
072 L000600 7
072 M000600 25
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 0
<PAGE> PAGE 34
072 R000600 73
072 S000600 10
072 T000600 12
072 U000600 0
072 V000600 0
072 W000600 12
072 X000600 6650
072 Y000600 0
072 Z000600 61289
072AA000600 0
072BB000600 14301
072CC010600 0
072CC020600 67511
072DD010600 55304
072DD020600 243
072EE000600 15809
073 A010600 0.7300
073 A020600 0.7300
073 B000600 0.2100
073 C000600 0.0000
074 A000600 4669
074 B000600 16663
074 C000600 19899
074 D000600 918180
074 E000600 3161
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 1281
074 K000600 0
074 L000600 13663
074 M000600 0
074 N000600 977516
074 O000600 19161
074 P000600 2401
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 2038
074 S000600 0
074 T000600 953916
074 U010600 74715
074 U020600 1448
074 V010600 12.52
074 V020600 12.51
074 W000600 0.0000
074 X000600 0
074 Y000600 397
075 A000600 0
<PAGE> PAGE 35
075 B000600 1009995
076 000600 0.00
024 000700 N
028 A010700 145104
028 A020700 2678
028 A030700 0
028 A040700 67546
028 B010700 201541
028 B020700 3300
028 B030700 0
028 B040700 136860
028 C010700 138140
028 C020700 3322
028 C030700 0
028 C040700 125620
028 D010700 161108
028 D020700 3433
028 D030700 0
028 D040700 161277
028 E010700 126464
028 E020700 3708
028 E030700 0
028 E040700 143537
028 F010700 148860
028 F020700 3773
028 F030700 0
028 F040700 122787
028 G010700 921217
028 G020700 20214
028 G030700 0
028 G040700 757627
028 H000700 921217
029 000700 N
030 A000700 0
030 B000700 0.00
030 C000700 0.00
031 A000700 0
031 B000700 0
032 000700 0
033 000700 0
042 A000700 0
042 B000700 0
042 C000700 100
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 25
044 000700 0
045 000700 Y
<PAGE> PAGE 36
046 000700 N
047 000700 Y
048 000700 0.000
048 A010700 500000
048 A020700 0.450
048 B010700 500000
048 B020700 0.350
048 C010700 500000
048 C020700 0.300
048 D010700 5000000
048 D020700 0.250
048 E010700 5000000
048 E020700 0.225
048 F010700 5000000
048 F020700 0.205
048 G010700 5000000
048 G020700 0.190
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 21500000
048 K020700 0.180
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 N
054 A000700 Y
054 B000700 Y
054 C000700 Y
054 D000700 N
054 E000700 N
054 F000700 N
054 G000700 N
054 H000700 N
054 I000700 N
054 J000700 Y
054 K000700 N
054 L000700 Y
054 M000700 Y
054 N000700 N
054 O000700 Y
058 A000700 N
059 000700 Y
060 A000700 Y
060 B000700 Y
061 000700 5000
062 A000700 Y
<PAGE> PAGE 37
062 B000700 0.0
062 C000700 0.7
062 D000700 0.0
062 E000700 0.0
062 F000700 0.1
062 G000700 9.4
062 H000700 0.0
062 I000700 84.6
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 4.6
062 Q000700 0.0
062 R000700 0.0
063 A000700 50
063 B000700 0.0
064 A000700 N
064 B000700 N
066 A000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 N
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 N
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 N
<PAGE> PAGE 38
070 M020700 N
070 N010700 N
070 N020700 N
070 O010700 N
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 13617069
071 B000700 13402731
071 C000700 0
071 D000700 0
072 A000700 12
072 B000700 38926
072 C000700 0
072 D000700 0
072 E000700 0
072 F000700 3048
072 G000700 10
072 H000700 0
072 I000700 238
072 J000700 173
072 K000700 0
072 L000700 4
072 M000700 14
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 39
072 S000700 43
072 T000700 25
072 U000700 0
072 V000700 0
072 W000700 63
072 X000700 3657
072 Y000700 0
072 Z000700 35269
072AA000700 0
072BB000700 0
072CC010700 0
072CC020700 0
072DD010700 34494
072DD020700 775
072EE000700 0
073 A010700 0.0476
073 A020700 0.0460
073 B000700 0.0000
<PAGE> PAGE 39
073 C000700 0.0000
074 A000700 25
074 B000700 0
074 C000700 859308
074 D000700 0
074 E000700 0
074 F000700 0
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 8205
074 M000700 0
074 N000700 867538
074 O000700 0
074 P000700 936
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 2073
074 S000700 0
074 T000700 864529
074 U010700 823013
074 U020700 41516
074 V010700 1.00
074 V020700 1.00
074 W000700 1.0004
074 X000700 0
074 Y000700 0
075 A000700 739104
075 B000700 0
076 000700 0.00
025 D000801 0
025 D000802 0
025 D000803 0
025 D000804 0
025 D000805 0
025 D000806 0
025 D000807 0
025 D000808 0
028 A010800 1221
028 A020800 0
028 A030800 0
028 A040800 6352
028 B010800 1341
028 B020800 1
028 B030800 0
028 B040800 5286
028 C010800 1153
<PAGE> PAGE 40
028 C020800 0
028 C030800 0
028 C040800 5144
028 D010800 1290
028 D020800 0
028 D030800 0
028 D040800 9621
028 E010800 1731
028 E020800 0
028 E030800 0
028 E040800 11288
028 F010800 1825
028 F020800 0
028 F030800 0
028 F040800 14619
028 G010800 8561
028 G020800 1
028 G030800 0
028 G040800 52311
028 H000800 8561
029 000800 N
030 A000800 0
030 B000800 0.00
030 C000800 0.00
031 A000800 0
031 B000800 0
032 000800 0
033 000800 0
042 A000800 0
042 B000800 0
042 C000800 100
042 D000800 0
042 E000800 0
042 F000800 0
042 G000800 0
042 H000800 0
043 000800 8
044 000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.000
048 A010800 500000
048 A020800 0.700
048 B010800 500000
048 B020800 0.600
048 C010800 500000
048 C020800 0.550
048 D010800 5000000
048 D020800 0.500
048 E010800 5000000
<PAGE> PAGE 41
048 E020800 0.475
048 F010800 5000000
048 F020800 0.455
048 G010800 5000000
048 G020800 0.440
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 21500000
048 K020800 0.430
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 N
054 A000800 Y
054 B000800 Y
054 C000800 N
054 D000800 N
054 E000800 N
054 F000800 N
054 G000800 N
054 H000800 N
054 I000800 N
054 J000800 Y
054 K000800 N
054 L000800 Y
054 M000800 Y
054 N000800 N
054 O000800 Y
058 A000800 N
059 000800 Y
060 A000800 Y
060 B000800 Y
061 000800 5000
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
<PAGE> PAGE 42
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 0
063 B000800 0.0
066 A000800 Y
066 E000800 Y
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
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 N
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 Y
070 M020800 Y
070 N010800 N
070 N020800 N
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 256517
071 B000800 258107
<PAGE> PAGE 43
071 C000800 984345
071 D000800 26
072 A000800 12
072 B000800 6792
072 C000800 30654
072 D000800 0
072 E000800 0
072 F000800 6510
072 G000800 15
072 H000800 0
072 I000800 318
072 J000800 197
072 K000800 0
072 L000800 10
072 M000800 30
072 N000800 0
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 40
072 S000800 10
072 T000800 8
072 U000800 0
072 V000800 0
072 W000800 12
072 X000800 7150
072 Y000800 0
072 Z000800 30297
072AA000800 53025
072BB000800 0
072CC010800 0
072CC020800 89552
072DD010800 28075
072DD020800 77
072EE000800 29485
073 A010800 0.5000
073 A020800 0.5000
073 B000800 0.5200
073 C000800 0.0000
074 A000800 0
074 B000800 3678
074 C000800 0
074 D000800 85014
074 E000800 6847
074 F000800 858326
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 8179
074 K000800 0
074 L000800 3729
<PAGE> PAGE 44
074 M000800 0
074 N000800 965773
074 O000800 6512
074 P000800 1723
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 620
074 S000800 0
074 T000800 956918
074 U010800 55727
074 U020800 669
074 V010800 16.97
074 V020800 16.95
074 W000800 0.0000
074 X000800 0
074 Y000800 0
075 A000800 0
075 B000800 1002557
076 000800 0.00
028 A010900 2416
028 A020900 0
028 A030900 0
028 A040900 9038
028 B010900 2896
028 B020900 0
028 B030900 0
028 B040900 5579
028 C010900 2524
028 C020900 0
028 C030900 0
028 C040900 3992
028 D010900 3059
028 D020900 0
028 D030900 0
028 D040900 7799
028 E010900 3612
028 E020900 0
028 E030900 0
028 E040900 7333
028 F010900 3906
028 F020900 0
028 F030900 0
028 F040900 6955
028 G010900 18413
028 G020900 0
028 G030900 0
028 G040900 40696
028 H000900 18413
029 000900 N
<PAGE> PAGE 45
030 A000900 0
030 B000900 0.00
030 C000900 0.00
031 A000900 0
031 B000900 0
032 000900 0
033 000900 0
042 A000900 0
042 B000900 0
042 C000900 100
042 D000900 0
042 E000900 0
042 F000900 0
042 G000900 0
042 H000900 0
043 000900 13
044 000900 0
045 000900 Y
046 000900 N
047 000900 Y
048 000900 0.000
048 A010900 500000
048 A020900 0.700
048 B010900 500000
048 B020900 0.600
048 C010900 500000
048 C020900 0.550
048 D010900 5000000
048 D020900 0.500
048 E010900 5000000
048 E020900 0.475
048 F010900 5000000
048 F020900 0.455
048 G010900 5000000
048 G020900 0.440
048 H010900 0
048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 21500000
048 K020900 0.430
049 000900 N
050 000900 N
051 000900 N
052 000900 N
053 A000900 N
054 A000900 Y
054 B000900 Y
054 C000900 Y
<PAGE> PAGE 46
054 D000900 N
054 E000900 N
054 F000900 N
054 G000900 N
054 H000900 N
054 I000900 N
054 J000900 Y
054 K000900 N
054 L000900 Y
054 M000900 Y
054 N000900 N
054 O000900 Y
058 A000900 N
059 000900 Y
060 A000900 Y
060 B000900 Y
061 000900 5000
062 A000900 Y
062 B000900 0.0
062 C000900 0.0
062 D000900 2.9
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 13.1
062 N000900 5.1
062 O000900 0.0
062 P000900 46.6
062 Q000900 26.7
062 R000900 3.9
063 A000900 0
063 B000900 8.7
064 A000900 N
064 B000900 Y
065 000900 N
066 A000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 N
070 B020900 N
070 C010900 Y
070 C020900 N
<PAGE> PAGE 47
070 D010900 N
070 D020900 N
070 E010900 N
070 E020900 Y
070 F010900 Y
070 F020900 Y
070 G010900 N
070 G020900 Y
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 Y
070 K010900 N
070 K020900 N
070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 Y
070 N010900 Y
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 753452
071 B000900 737650
071 C000900 630386
071 D000900 117
072 A000900 12
072 B000900 54692
072 C000900 1967
072 D000900 0
072 E000900 0
072 F000900 4452
072 G000900 10
072 H000900 0
072 I000900 227
072 J000900 297
072 K000900 0
072 L000900 6
072 M000900 23
072 N000900 0
072 O000900 0
072 P000900 0
072 Q000900 0
<PAGE> PAGE 48
072 R000900 75
072 S000900 8
072 T000900 13
072 U000900 0
072 V000900 0
072 W000900 8
072 X000900 5119
072 Y000900 0
072 Z000900 51540
072AA000900 0
072BB000900 30097
072CC010900 0
072CC020900 10311
072DD010900 46356
072DD020900 249
072EE000900 0
073 A010900 0.7400
073 A020900 0.7300
073 B000900 0.0000
073 C000900 0.0000
074 A000900 246
074 B000900 11522
074 C000900 6968
074 D000900 593939
074 E000900 19687
074 F000900 3694
074 G000900 5
074 H000900 0
074 I000900 1930
074 J000900 1714
074 K000900 0
074 L000900 15572
074 M000900 0
074 N000900 655277
074 O000900 2854
074 P000900 1189
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 4315
074 S000900 0
074 T000900 646919
074 U010900 62868
074 U020900 2341
074 V010900 9.92
074 V020900 9.90
074 W000900 0.0000
074 X000900 4799
074 Y000900 0
075 A000900 0
<PAGE> PAGE 49
075 B000900 655961
076 000900 0.00
028 A011000 56020
028 A021000 0
028 A031000 0
028 A041000 16251
028 B011000 56767
028 B021000 0
028 B031000 0
028 B041000 30446
028 C011000 60093
028 C021000 0
028 C031000 0
028 C041000 22060
028 D011000 62659
028 D021000 0
028 D031000 0
028 D041000 34157
028 E011000 64564
028 E021000 0
028 E031000 0
028 E041000 38921
028 F011000 62659
028 F021000 0
028 F031000 0
028 F041000 32769
028 G011000 362762
028 G021000 0
028 G031000 0
028 G041000 174604
028 H001000 362762
029 001000 N
030 A001000 0
030 B001000 0.00
030 C001000 0.00
031 A001000 0
031 B001000 0
032 001000 0
033 001000 0
042 A001000 0
042 B001000 0
042 C001000 100
042 D001000 0
042 E001000 0
042 F001000 0
042 G001000 0
042 H001000 0
043 001000 20
044 001000 0
045 001000 Y
046 001000 N
<PAGE> PAGE 50
047 001000 Y
048 001000 0.000
048 A011000 500000
048 A021000 0.700
048 B011000 500000
048 B021000 0.600
048 C011000 500000
048 C021000 0.550
048 D011000 5000000
048 D021000 0.500
048 E011000 5000000
048 E021000 0.475
048 F011000 5000000
048 F021000 0.455
048 G011000 5000000
048 G021000 0.440
048 H011000 0
048 H021000 0.000
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 21500000
048 K021000 0.430
049 001000 N
050 001000 N
051 001000 N
052 001000 N
053 A001000 N
054 A001000 Y
054 B001000 Y
054 C001000 Y
054 D001000 N
054 E001000 N
054 F001000 N
054 G001000 N
054 H001000 N
054 I001000 N
054 J001000 Y
054 K001000 N
054 L001000 Y
054 M001000 Y
054 N001000 N
054 O001000 Y
058 A001000 N
059 001000 Y
060 A001000 Y
060 B001000 Y
061 001000 5000
062 A001000 N
062 B001000 0.0
<PAGE> PAGE 51
062 C001000 0.0
062 D001000 0.0
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 0.0
062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 0.0
063 A001000 0
063 B001000 0.0
066 A001000 Y
066 C001000 Y
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 Y
070 B011000 Y
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 Y
070 D021000 N
070 E011000 Y
070 E021000 Y
070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 Y
070 M011000 Y
070 M021000 N
070 N011000 Y
<PAGE> PAGE 52
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000 3182395
071 B001000 2971925
071 C001000 4177397
071 D001000 71
072 A001000 12
072 B001000 4508
072 C001000 8213
072 D001000 0
072 E001000 0
072 F001000 22884
072 G001000 33
072 H001000 0
072 I001000 1344
072 J001000 57
072 K001000 0
072 L001000 22
072 M001000 65
072 N001000 0
072 O001000 0
072 P001000 0
072 Q001000 0
072 R001000 57
072 S001000 21
072 T001000 20
072 U001000 0
072 V001000 0
072 W001000 53
072 X001000 24556
072 Y001000 0
072 Z001000 -11835
072AA001000 554488
072BB001000 0
072CC011000 2069370
072CC021000 0
072DD011000 0
072DD021000 0
072EE001000 51877
073 A011000 0.0000
073 A021000 0.0000
073 B001000 0.3700
073 C001000 0.0000
074 A001000 984
<PAGE> PAGE 53
074 B001000 90687
074 C001000 49761
074 D001000 0
074 E001000 0
074 F001000 6312887
074 G001000 0
074 H001000 0
074 I001000 0
074 J001000 81387
074 K001000 0
074 L001000 3966
074 M001000 0
074 N001000 6539672
074 O001000 33522
074 P001000 7221
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 3725
074 S001000 0
074 T001000 6495204
074 U011000 147729
074 U021000 1450
074 V011000 43.54
074 V021000 43.44
074 W001000 0.0000
074 X001000 0
074 Y001000 0
075 A001000 0
075 B001000 4230619
076 001000 0.00
028 A011100 24168
028 A021100 0
028 A031100 0
028 A041100 20429
028 B011100 31463
028 B021100 0
028 B031100 0
028 B041100 28116
028 C011100 31135
028 C021100 0
028 C031100 0
028 C041100 28322
028 D011100 61006
028 D021100 0
028 D031100 0
028 D041100 47365
028 E011100 40356
028 E021100 0
028 E031100 0
<PAGE> PAGE 54
028 E041100 44296
028 F011100 59403
028 F021100 0
028 F031100 0
028 F041100 55565
028 G011100 247532
028 G021100 0
028 G031100 0
028 G041100 224092
028 H001100 247532
029 001100 N
030 A001100 0
030 B001100 0.00
030 C001100 0.00
031 A001100 0
031 B001100 0
032 001100 0
033 001100 0
042 A001100 0
042 B001100 0
042 C001100 100
042 D001100 0
042 E001100 0
042 F001100 0
042 G001100 0
042 H001100 0
043 001100 2
044 001100 0
045 001100 Y
046 001100 N
047 001100 Y
048 001100 0.000
048 A011100 500000
048 A021100 0.800
048 B011100 500000
048 B021100 0.700
048 C011100 500000
048 C021100 0.650
048 D011100 5000000
048 D021100 0.600
048 E011100 5000000
048 E021100 0.575
048 F011100 5000000
048 F021100 0.555
048 G011100 5000000
048 G021100 0.540
048 H011100 0
048 H021100 0.000
048 I011100 0
048 I021100 0.000
048 J011100 0
<PAGE> PAGE 55
048 J021100 0.000
048 K011100 21500000
048 K021100 0.530
049 001100 N
050 001100 N
051 001100 N
052 001100 N
053 A001100 N
054 A001100 Y
054 B001100 Y
054 C001100 Y
054 D001100 N
054 E001100 N
054 F001100 N
054 G001100 N
054 H001100 N
054 I001100 N
054 J001100 Y
054 K001100 N
054 L001100 Y
054 M001100 Y
054 N001100 N
054 O001100 Y
058 A001100 N
059 001100 Y
060 A001100 Y
060 B001100 Y
061 001100 5000
062 A001100 N
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
063 A001100 0
063 B001100 0.0
066 A001100 Y
066 E001100 Y
067 001100 N
<PAGE> PAGE 56
068 A001100 N
068 B001100 Y
069 001100 N
070 A011100 Y
070 A021100 Y
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 N
070 E021100 N
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 N
070 J021100 N
070 K011100 N
070 K021100 N
070 L011100 Y
070 L021100 Y
070 M011100 Y
070 M021100 Y
070 N011100 N
070 N021100 N
070 O011100 N
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
071 A001100 251295
071 B001100 205168
071 C001100 140999
071 D001100 146
072 A001100 12
072 B001100 158
072 C001100 1291
072 D001100 0
072 E001100 0
072 F001100 1138
072 G001100 7
072 H001100 0
072 I001100 45
072 J001100 338
<PAGE> PAGE 57
072 K001100 0
072 L001100 2
072 M001100 17
072 N001100 0
072 O001100 0
072 P001100 0
072 Q001100 0
072 R001100 31
072 S001100 5
072 T001100 2
072 U001100 0
072 V001100 0
072 W001100 2
072 X001100 1587
072 Y001100 0
072 Z001100 -138
072AA001100 34416
072BB001100 0
072CC011100 90282
072CC021100 0
072DD011100 0
072DD021100 0
072EE001100 0
073 A011100 0.0000
073 A021100 0.0000
073 B001100 0.0000
073 C001100 0.0000
074 A001100 3
074 B001100 1771
074 C001100 0
074 D001100 0
074 E001100 0
074 F001100 256979
074 G001100 0
074 H001100 0
074 I001100 900
074 J001100 396
074 K001100 0
074 L001100 4087
074 M001100 0
074 N001100 264136
074 O001100 5780
074 P001100 502
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 3
074 S001100 0
074 T001100 257851
074 U011100 14520
<PAGE> PAGE 58
074 U021100 398
074 V011100 17.29
074 V021100 17.25
074 W001100 0.0000
074 X001100 0
074 Y001100 0
075 A001100 0
075 B001100 142580
076 001100 0.00
024 001200 N
028 A011200 10065
028 A021200 0
028 A031200 0
028 A041200 21316
028 B011200 32082
028 B021200 0
028 B031200 0
028 B041200 32126
028 C011200 28007
028 C021200 0
028 C031200 0
028 C041200 16162
028 D011200 31100
028 D021200 0
028 D031200 0
028 D041200 35044
028 E011200 20236
028 E021200 0
028 E031200 0
028 E041200 16837
028 F011200 24190
028 F021200 0
028 F031200 0
028 F041200 23223
028 G011200 145680
028 G021200 0
028 G031200 0
028 G041200 144708
028 H001200 145680
029 001200 N
030 A001200 0
030 B001200 0.00
030 C001200 0.00
031 A001200 0
031 B001200 0
032 001200 0
033 001200 0
042 A001200 0
042 B001200 0
042 C001200 100
042 D001200 0
<PAGE> PAGE 59
042 E001200 0
042 F001200 0
042 G001200 0
042 H001200 0
043 001200 6
044 001200 0
045 001200 Y
046 001200 N
047 001200 Y
048 001200 0.000
048 A011200 500000
048 A021200 0.800
048 B011200 500000
048 B021200 0.700
048 C011200 500000
048 C021200 0.650
048 D011200 5000000
048 D021200 0.600
048 E011200 5000000
048 E021200 0.575
048 F011200 5000000
048 F021200 0.555
048 G011200 5000000
048 G021200 0.540
048 H011200 0
048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 21500000
048 K021200 0.530
049 001200 N
050 001200 N
051 001200 N
052 001200 N
053 A001200 N
054 A001200 Y
054 B001200 Y
054 C001200 Y
054 D001200 N
054 E001200 N
054 F001200 N
054 G001200 N
054 H001200 N
054 I001200 N
054 J001200 Y
054 K001200 N
054 L001200 Y
054 M001200 Y
054 N001200 N
<PAGE> PAGE 60
054 O001200 Y
058 A001200 N
059 001200 Y
060 A001200 Y
060 B001200 Y
061 001200 5000
062 A001200 N
062 B001200 0.0
062 C001200 0.0
062 D001200 0.0
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 0.0
062 N001200 0.0
062 O001200 0.0
062 P001200 0.0
062 Q001200 0.0
062 R001200 0.0
063 A001200 0
063 B001200 0.0
066 A001200 Y
066 E001200 Y
067 001200 N
068 A001200 N
068 B001200 Y
069 001200 N
070 A011200 Y
070 A021200 Y
070 B011200 Y
070 B021200 N
070 C011200 N
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 Y
070 F021200 Y
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 Y
070 I021200 N
070 J011200 Y
<PAGE> PAGE 61
070 J021200 N
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 Y
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200 329027
071 B001200 309264
071 C001200 335173
071 D001200 92
072 A001200 12
072 B001200 505
072 C001200 8033
072 D001200 0
072 E001200 0
072 F001200 2774
072 G001200 7
072 H001200 0
072 I001200 110
072 J001200 398
072 K001200 0
072 L001200 4
072 M001200 19
072 N001200 0
072 O001200 0
072 P001200 0
072 Q001200 0
072 R001200 35
072 S001200 6
072 T001200 6
072 U001200 0
072 V001200 0
072 W001200 4
072 X001200 3363
072 Y001200 0
072 Z001200 5175
072AA001200 49985
072BB001200 0
072CC011200 22351
072CC021200 0
<PAGE> PAGE 62
072DD011200 0
072DD021200 0
072EE001200 0
073 A011200 0.0000
073 A021200 0.0000
073 B001200 0.0000
073 C001200 0.0000
074 A001200 29
074 B001200 8271
074 C001200 248
074 D001200 0
074 E001200 0
074 F001200 388871
074 G001200 0
074 H001200 0
074 I001200 285
074 J001200 2912
074 K001200 0
074 L001200 1098
074 M001200 339
074 N001200 402053
074 O001200 2986
074 P001200 858
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 53
074 S001200 0
074 T001200 398156
074 U011200 25411
074 U021200 700
074 V011200 15.25
074 V021200 15.22
074 W001200 0.0000
074 X001200 9174
074 Y001200 0
075 A001200 0
075 B001200 346963
076 001200 0.00
024 001300 N
028 A011300 20238
028 A021300 0
028 A031300 0
028 A041300 22573
028 B011300 26476
028 B021300 0
028 B031300 0
028 B041300 18815
028 C011300 21673
028 C021300 0
<PAGE> PAGE 63
028 C031300 0
028 C041300 12540
028 D011300 48615
028 D021300 0
028 D031300 0
028 D041300 21148
028 E011300 33969
028 E021300 0
028 E031300 0
028 E041300 17340
028 F011300 44142
028 F021300 0
028 F031300 0
028 F041300 23927
028 G011300 195113
028 G021300 0
028 G031300 0
028 G041300 116343
028 H001300 195113
029 001300 N
030 A001300 0
030 B001300 0.00
030 C001300 0.00
031 A001300 0
031 B001300 0
032 001300 0
033 001300 0
042 A001300 0
042 B001300 0
042 C001300 100
042 D001300 0
042 E001300 0
042 F001300 0
042 G001300 0
042 H001300 0
043 001300 13
044 001300 0
045 001300 Y
046 001300 N
047 001300 Y
048 001300 0.000
048 A011300 500000
048 A021300 0.800
048 B011300 500000
048 B021300 0.700
048 C011300 500000
048 C021300 0.650
048 D011300 5000000
048 D021300 0.600
048 E011300 5000000
048 E021300 0.575
<PAGE> PAGE 64
048 F011300 5000000
048 F021300 0.555
048 G011300 5000000
048 G021300 0.540
048 H011300 0
048 H021300 0.000
048 I011300 0
048 I021300 0.000
048 J011300 0
048 J021300 0.000
048 K011300 21500000
048 K021300 0.530
049 001300 N
050 001300 N
051 001300 N
052 001300 N
053 A001300 N
054 A001300 Y
054 B001300 Y
054 C001300 Y
054 D001300 N
054 E001300 N
054 F001300 N
054 G001300 N
054 H001300 N
054 I001300 N
054 J001300 Y
054 K001300 N
054 L001300 Y
054 M001300 Y
054 N001300 N
054 O001300 Y
058 A001300 N
059 001300 Y
060 A001300 Y
060 B001300 Y
061 001300 5000
062 A001300 N
062 B001300 0.0
062 C001300 0.0
062 D001300 0.0
062 E001300 0.0
062 F001300 0.0
062 G001300 0.0
062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
062 K001300 0.0
062 L001300 0.0
062 M001300 0.0
062 N001300 0.0
<PAGE> PAGE 65
062 O001300 0.0
062 P001300 0.0
062 Q001300 0.0
062 R001300 0.0
063 A001300 0
063 B001300 0.0
066 A001300 Y
066 D001300 Y
067 001300 N
068 A001300 N
068 B001300 Y
069 001300 N
070 A011300 Y
070 A021300 Y
070 B011300 N
070 B021300 N
070 C011300 N
070 C021300 N
070 D011300 N
070 D021300 N
070 E011300 N
070 E021300 N
070 F011300 N
070 F021300 N
070 G011300 N
070 G021300 N
070 H011300 N
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 N
070 J021300 N
070 K011300 N
070 K021300 N
070 L011300 Y
070 L021300 Y
070 M011300 Y
070 M021300 Y
070 N011300 N
070 N021300 N
070 O011300 N
070 O021300 N
070 P011300 N
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300 556843
071 B001300 446025
071 C001300 416846
<PAGE> PAGE 66
071 D001300 107
072 A001300 12
072 B001300 542
072 C001300 5812
072 D001300 0
072 E001300 0
072 F001300 3317
072 G001300 8
072 H001300 0
072 I001300 132
072 J001300 600
072 K001300 0
072 L001300 4
072 M001300 19
072 N001300 0
072 O001300 0
072 P001300 0
072 Q001300 0
072 R001300 35
072 S001300 7
072 T001300 14
072 U001300 0
072 V001300 0
072 W001300 110
072 X001300 4246
072 Y001300 0
072 Z001300 2108
072AA001300 68995
072BB001300 0
072CC011300 161562
072CC021300 0
072DD011300 0
072DD021300 0
072EE001300 0
073 A011300 0.0000
073 A021300 0.0000
073 B001300 0.0000
073 C001300 0.0000
074 A001300 28
074 B001300 16267
074 C001300 0
074 D001300 0
074 E001300 0
074 F001300 645533
074 G001300 0
074 H001300 0
074 I001300 3980
074 J001300 3906
074 K001300 0
074 L001300 3992
074 M001300 227
<PAGE> PAGE 67
074 N001300 673933
074 O001300 4891
074 P001300 1220
074 Q001300 0
074 R011300 0
074 R021300 0
074 R031300 0
074 R041300 6
074 S001300 0
074 T001300 667816
074 U011300 28962
074 U021300 1870
074 V011300 21.66
074 V021300 21.63
074 W001300 0.0000
074 X001300 9713
074 Y001300 0
075 A001300 0
075 B001300 416210
076 001300 0.00
024 001400 N
028 A011400 9628
028 A021400 0
028 A031400 0
028 A041400 16402
028 B011400 36507
028 B021400 0
028 B031400 0
028 B041400 31101
028 C011400 34187
028 C021400 0
028 C031400 0
028 C041400 19856
028 D011400 43215
028 D021400 0
028 D031400 0
028 D041400 37713
028 E011400 42835
028 E021400 0
028 E031400 0
028 E041400 23474
028 F011400 52458
028 F021400 0
028 F031400 0
028 F041400 28766
028 G011400 218830
028 G021400 0
028 G031400 0
028 G041400 157311
028 H001400 218830
029 001400 N
<PAGE> PAGE 68
030 A001400 0
030 B001400 0.00
030 C001400 0.00
031 A001400 0
031 B001400 0
032 001400 0
033 001400 0
042 A001400 0
042 B001400 0
042 C001400 100
042 D001400 0
042 E001400 0
042 F001400 0
042 G001400 0
042 H001400 0
043 001400 7
044 001400 0
045 001400 Y
046 001400 N
047 001400 Y
048 001400 0.000
048 A011400 500000
048 A021400 1.000
048 B011400 500000
048 B021400 0.900
048 C011400 500000
048 C021400 0.850
048 D011400 5000000
048 D021400 0.800
048 E011400 5000000
048 E021400 0.775
048 F011400 5000000
048 F021400 0.755
048 G011400 5000000
048 G021400 0.740
048 H011400 0
048 H021400 0.000
048 I011400 0
048 I021400 0.000
048 J011400 0
048 J021400 0.000
048 K011400 21500000
048 K021400 0.730
049 001400 N
050 001400 N
051 001400 N
052 001400 N
053 A001400 Y
053 B001400 Y
054 A001400 Y
054 B001400 Y
<PAGE> PAGE 69
054 C001400 Y
054 D001400 N
054 E001400 N
054 F001400 N
054 G001400 N
054 H001400 N
054 I001400 N
054 J001400 Y
054 K001400 N
054 L001400 Y
054 M001400 Y
054 N001400 N
054 O001400 Y
058 A001400 N
059 001400 Y
060 A001400 Y
060 B001400 Y
061 001400 5000
062 A001400 N
062 B001400 0.0
062 C001400 0.0
062 D001400 0.0
062 E001400 0.0
062 F001400 0.0
062 G001400 0.0
062 H001400 0.0
062 I001400 0.0
062 J001400 0.0
062 K001400 0.0
062 L001400 0.0
062 M001400 0.0
062 N001400 0.0
062 O001400 0.0
062 P001400 0.0
062 Q001400 0.0
062 R001400 0.0
063 A001400 0
063 B001400 0.0
066 A001400 Y
066 C001400 Y
067 001400 N
068 A001400 N
068 B001400 Y
069 001400 N
070 A011400 Y
070 A021400 Y
070 B011400 Y
070 B021400 N
070 C011400 Y
070 C021400 N
070 D011400 Y
<PAGE> PAGE 70
070 D021400 N
070 E011400 Y
070 E021400 N
070 F011400 Y
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 N
070 H021400 N
070 I011400 Y
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 N
070 L011400 Y
070 L021400 Y
070 M011400 Y
070 M021400 Y
070 N011400 N
070 N021400 N
070 O011400 N
070 O021400 N
070 P011400 N
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 Y
070 R021400 N
071 A001400 416555
071 B001400 358211
071 C001400 182267
071 D001400 197
072 A001400 12
072 B001400 279
072 C001400 1565
072 D001400 0
072 E001400 0
072 F001400 1927
072 G001400 7
072 H001400 0
072 I001400 57
072 J001400 452
072 K001400 0
072 L001400 2
072 M001400 17
072 N001400 0
072 O001400 0
072 P001400 0
072 Q001400 0
072 R001400 43
<PAGE> PAGE 71
072 S001400 5
072 T001400 7
072 U001400 0
072 V001400 0
072 W001400 4
072 X001400 2521
072 Y001400 0
072 Z001400 -677
072AA001400 36882
072BB001400 0
072CC011400 127365
072CC021400 0
072DD011400 58
072DD021400 0
072EE001400 0
073 A011400 0.0050
073 A021400 0.0000
073 B001400 0.0000
073 C001400 0.0000
074 A001400 317
074 B001400 11138
074 C001400 0
074 D001400 0
074 E001400 2956
074 F001400 351187
074 G001400 0
074 H001400 0
074 I001400 1065
074 J001400 2561
074 K001400 0
074 L001400 5623
074 M001400 192
074 N001400 375039
074 O001400 8950
074 P001400 749
074 Q001400 0
074 R011400 0
074 R021400 0
074 R031400 0
074 R041400 804
074 S001400 0
074 T001400 364536
074 U011400 14201
074 U021400 1442
074 V011400 23.31
074 V021400 23.28
074 W001400 0.0000
074 X001400 5113
074 Y001400 0
075 A001400 0
075 B001400 178834
<PAGE> PAGE 72
076 001400 0.00
028 A011500 21244
028 A021500 0
028 A031500 0
028 A041500 2006
028 B011500 17545
028 B021500 0
028 B031500 0
028 B041500 4899
028 C011500 24511
028 C021500 0
028 C031500 0
028 C041500 3144
028 D011500 17332
028 D021500 0
028 D031500 0
028 D041500 7315
028 E011500 14555
028 E021500 0
028 E031500 0
028 E041500 4341
028 F011500 24599
028 F021500 0
028 F031500 0
028 F041500 1765
028 G011500 119786
028 G021500 0
028 G031500 0
028 G041500 23470
028 H001500 119786
029 001500 N
030 A001500 0
030 B001500 0.00
030 C001500 0.00
031 A001500 0
031 B001500 0
032 001500 0
033 001500 0
042 A001500 0
042 B001500 0
042 C001500 100
042 D001500 0
042 E001500 0
042 F001500 0
042 G001500 0
042 H001500 0
043 001500 10
044 001500 0
045 001500 Y
046 001500 N
047 001500 Y
<PAGE> PAGE 73
048 001500 0.000
048 A011500 500000
048 A021500 0.650
048 B011500 500000
048 B021500 0.550
048 C011500 500000
048 C021500 0.500
048 D011500 5000000
048 D021500 0.450
048 E011500 5000000
048 E021500 0.425
048 F011500 5000000
048 F021500 0.405
048 G011500 5000000
048 G021500 0.390
048 H011500 0
048 H021500 0.000
048 I011500 0
048 I021500 0.000
048 J011500 0
048 J021500 0.000
048 K011500 21500000
048 K021500 0.380
049 001500 N
050 001500 N
051 001500 N
052 001500 N
053 A001500 N
054 A001500 Y
054 B001500 Y
054 C001500 Y
054 D001500 N
054 E001500 N
054 F001500 N
054 G001500 N
054 H001500 N
054 I001500 N
054 J001500 Y
054 K001500 N
054 L001500 Y
054 M001500 Y
054 N001500 N
054 O001500 Y
058 A001500 N
059 001500 Y
060 A001500 Y
060 B001500 Y
061 001500 5000
062 A001500 N
062 B001500 0.0
062 C001500 0.0
<PAGE> PAGE 74
062 D001500 0.0
062 E001500 0.0
062 F001500 0.0
062 G001500 0.0
062 H001500 0.0
062 I001500 0.0
062 J001500 0.0
062 K001500 0.0
062 L001500 0.0
062 M001500 0.0
062 N001500 0.0
062 O001500 0.0
062 P001500 0.0
062 Q001500 0.0
062 R001500 0.0
063 A001500 0
063 B001500 0.0
066 A001500 Y
066 C001500 Y
067 001500 N
068 A001500 N
068 B001500 N
069 001500 N
070 A011500 Y
070 A021500 Y
070 B011500 Y
070 B021500 N
070 C011500 Y
070 C021500 N
070 D011500 Y
070 D021500 N
070 E011500 Y
070 E021500 N
070 F011500 Y
070 F021500 N
070 G011500 Y
070 G021500 N
070 H011500 Y
070 H021500 Y
070 I011500 Y
070 I021500 N
070 J011500 N
070 J021500 N
070 K011500 Y
070 K021500 N
070 L011500 Y
070 L021500 Y
070 M011500 N
070 M021500 N
070 N011500 N
070 N021500 N
<PAGE> PAGE 75
070 O011500 N
070 O021500 N
070 P011500 N
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 N
070 R021500 N
071 A001500 564162
071 B001500 497883
071 C001500 374750
071 D001500 133
072 A001500 12
072 B001500 1172
072 C001500 544
072 D001500 0
072 E001500 0
072 F001500 2460
072 G001500 7
072 H001500 0
072 I001500 259
072 J001500 31
072 K001500 0
072 L001500 4
072 M001500 14
072 N001500 0
072 O001500 0
072 P001500 0
072 Q001500 0
072 R001500 38
072 S001500 6
072 T001500 10
072 U001500 0
072 V001500 0
072 W001500 1
072 X001500 2830
072 Y001500 0
072 Z001500 -1114
072AA001500 63642
072BB001500 0
072CC011500 125372
072CC021500 0
072DD011500 0
072DD021500 0
072EE001500 38819
073 A011500 0.0000
073 A021500 0.0000
073 B001500 1.6300
073 C001500 0.0000
074 A001500 1274
074 B001500 27188
<PAGE> PAGE 76
074 C001500 0
074 D001500 0
074 E001500 0
074 F001500 559724
074 G001500 0
074 H001500 0
074 I001500 0
074 J001500 756
074 K001500 0
074 L001500 2165
074 M001500 0
074 N001500 591107
074 O001500 8810
074 P001500 789
074 Q001500 0
074 R011500 0
074 R021500 0
074 R031500 0
074 R041500 1511
074 S001500 0
074 T001500 579997
074 U011500 26235
074 U021500 1816
074 V011500 20.68
074 V021500 20.68
074 W001500 0.0000
074 X001500 8782
074 Y001500 0
075 A001500 0
075 B001500 378766
076 001500 0.00
028 A011600 1487
028 A021600 0
028 A031600 0
028 A041600 3701
028 B011600 530
028 B021600 0
028 B031600 0
028 B041600 7261
028 C011600 687
028 C021600 0
028 C031600 0
028 C041600 2846
028 D011600 5533
028 D021600 0
028 D031600 0
028 D041600 2625
028 E011600 1999
028 E021600 0
028 E031600 0
028 E041600 1470
<PAGE> PAGE 77
028 F011600 2957
028 F021600 0
028 F031600 0
028 F041600 1416
028 G011600 13193
028 G021600 0
028 G031600 0
028 G041600 19319
028 H001600 13193
029 001600 N
030 A001600 0
030 B001600 0.00
030 C001600 0.00
031 A001600 0
031 B001600 0
032 001600 0
033 001600 0
042 A001600 0
042 B001600 0
042 C001600 100
042 D001600 0
042 E001600 0
042 F001600 0
042 G001600 0
042 H001600 0
043 001600 5
044 001600 0
045 001600 Y
046 001600 N
047 001600 Y
048 001600 0.000
048 A011600 500000
048 A021600 0.700
048 B011600 500000
048 B021600 0.600
048 C011600 500000
048 C021600 0.550
048 D011600 5000000
048 D021600 0.500
048 E011600 5000000
048 E021600 0.475
048 F011600 5000000
048 F021600 0.455
048 G011600 5000000
048 G021600 0.440
048 H011600 0
048 H021600 0.000
048 I011600 0
048 I021600 0.000
048 J011600 0
048 J021600 0.000
<PAGE> PAGE 78
048 K011600 21500000
048 K021600 0.430
049 001600 N
050 001600 N
051 001600 N
052 001600 N
053 A001600 N
054 A001600 Y
054 B001600 Y
054 C001600 Y
054 D001600 N
054 E001600 N
054 F001600 N
054 G001600 N
054 H001600 N
054 I001600 N
054 J001600 Y
054 K001600 N
054 L001600 Y
054 M001600 Y
054 N001600 N
054 O001600 Y
058 A001600 N
059 001600 Y
060 A001600 Y
060 B001600 Y
061 001600 5000
062 A001600 N
062 B001600 0.0
062 C001600 0.0
062 D001600 0.0
062 E001600 0.0
062 F001600 0.0
062 G001600 0.0
062 H001600 0.0
062 I001600 0.0
062 J001600 0.0
062 K001600 0.0
062 L001600 0.0
062 M001600 0.0
062 N001600 0.0
062 O001600 0.0
062 P001600 0.0
062 Q001600 0.0
062 R001600 0.0
063 A001600 0
063 B001600 0.0
066 A001600 Y
066 C001600 Y
067 001600 N
068 A001600 N
<PAGE> PAGE 79
068 B001600 N
069 001600 N
070 A011600 Y
070 A021600 Y
070 B011600 N
070 B021600 N
070 C011600 N
070 C021600 N
070 D011600 N
070 D021600 N
070 E011600 N
070 E021600 N
070 F011600 N
070 F021600 N
070 G011600 N
070 G021600 N
070 H011600 N
070 H021600 N
070 I011600 N
070 I021600 N
070 J011600 N
070 J021600 N
070 K011600 N
070 K021600 N
070 L011600 Y
070 L021600 Y
070 M011600 N
070 M021600 N
070 N011600 N
070 N021600 N
070 O011600 N
070 O021600 N
070 P011600 N
070 P021600 N
070 Q011600 N
070 Q021600 N
070 R011600 N
070 R021600 N
071 A001600 271759
071 B001600 260721
071 C001600 265111
071 D001600 98
072 A001600 12
072 B001600 604
072 C001600 5383
072 D001600 0
072 E001600 0
072 F001600 1909
072 G001600 7
072 H001600 0
072 I001600 121
<PAGE> PAGE 80
072 J001600 47
072 K001600 0
072 L001600 4
072 M001600 14
072 N001600 0
072 O001600 0
072 P001600 0
072 Q001600 0
072 R001600 33
072 S001600 6
072 T001600 5
072 U001600 0
072 V001600 0
072 W001600 9
072 X001600 2155
072 Y001600 0
072 Z001600 3832
072AA001600 13498
072BB001600 0
072CC011600 18973
072CC021600 0
072DD011600 20
072DD021600 0
072EE001600 4293
073 A011600 0.0010
073 A021600 0.0000
073 B001600 0.2100
073 C001600 0.0000
074 A001600 14
074 B001600 7976
074 C001600 0
074 D001600 4743
074 E001600 0
074 F001600 251951
074 G001600 0
074 H001600 0
074 I001600 0
074 J001600 865
074 K001600 0
074 L001600 581
074 M001600 0
074 N001600 266130
074 O001600 6934
074 P001600 500
074 Q001600 0
074 R011600 0
074 R021600 0
074 R031600 0
074 R041600 63
074 S001600 0
074 T001600 258633
<PAGE> PAGE 81
074 U011600 21006
074 U021600 805
074 V011600 11.86
074 V021600 11.85
074 W001600 0.0000
074 X001600 7670
074 Y001600 0
075 A001600 0
075 B001600 272846
076 001600 0.00
024 001700 N
028 A011700 5443
028 A021700 0
028 A031700 0
028 A041700 1261
028 B011700 6702
028 B021700 0
028 B031700 0
028 B041700 1470
028 C011700 7312
028 C021700 0
028 C031700 0
028 C041700 416
028 D011700 7301
028 D021700 0
028 D031700 0
028 D041700 258
028 E011700 6831
028 E021700 0
028 E031700 0
028 E041700 348
028 F011700 5425
028 F021700 0
028 F031700 0
028 F041700 1299
028 G011700 39014
028 G021700 0
028 G031700 0
028 G041700 5052
028 H001700 39014
030 A001700 0
030 B001700 0.00
030 C001700 0.00
031 A001700 0
031 B001700 0
032 001700 0
033 001700 0
042 A001700 0
042 B001700 0
042 C001700 100
042 D001700 0
<PAGE> PAGE 82
042 E001700 0
042 F001700 0
042 G001700 0
042 H001700 0
043 001700 11
044 001700 0
045 001700 Y
046 001700 N
047 001700 Y
048 001700 0.000
048 A011700 500000
048 A021700 0.700
048 B011700 500000
048 B021700 0.600
048 C011700 500000
048 C021700 0.550
048 D011700 5000000
048 D021700 0.500
048 E011700 5000000
048 E021700 0.475
048 F011700 5000000
048 F021700 0.455
048 G011700 5000000
048 G021700 0.440
048 H011700 0
048 H021700 0.000
048 I011700 0
048 I021700 0.000
048 J011700 0
048 J021700 0.000
048 K011700 21500000
048 K021700 0.430
049 001700 N
050 001700 N
051 001700 N
052 001700 N
053 A001700 N
054 A001700 Y
054 B001700 Y
054 C001700 Y
054 D001700 N
054 E001700 N
054 F001700 N
054 G001700 N
054 H001700 N
054 I001700 N
054 J001700 Y
054 K001700 N
054 L001700 Y
054 M001700 Y
054 N001700 N
<PAGE> PAGE 83
054 O001700 Y
058 A001700 N
059 001700 Y
060 A001700 N
060 B001700 N
061 001700 5000
062 A001700 N
062 B001700 0.0
062 C001700 0.0
062 D001700 0.0
062 E001700 0.0
062 F001700 0.0
062 G001700 0.0
062 H001700 0.0
062 I001700 0.0
062 J001700 0.0
062 K001700 0.0
062 L001700 0.0
062 M001700 0.0
062 N001700 0.0
062 O001700 0.0
062 P001700 0.0
062 Q001700 0.0
062 R001700 0.0
063 A001700 0
063 B001700 0.0
066 A001700 Y
066 C001700 Y
067 001700 N
068 A001700 N
068 B001700 N
069 001700 N
070 A011700 Y
070 A021700 Y
070 B011700 Y
070 B021700 N
070 C011700 Y
070 C021700 N
070 D011700 Y
070 D021700 N
070 E011700 Y
070 E021700 N
070 F011700 Y
070 F021700 Y
070 G011700 Y
070 G021700 N
070 H011700 Y
070 H021700 N
070 I011700 N
070 I021700 N
070 J011700 Y
<PAGE> PAGE 84
070 J021700 N
070 K011700 Y
070 K021700 N
070 L011700 Y
070 L021700 Y
070 M011700 Y
070 M021700 N
070 N011700 Y
070 N021700 N
070 O011700 Y
070 O021700 N
070 P011700 Y
070 P021700 N
070 Q011700 N
070 Q021700 N
070 R011700 Y
070 R021700 N
071 A001700 252363
071 B001700 150126
071 C001700 182072
071 D001700 82
072 A001700 12
072 B001700 504
072 C001700 1351
072 D001700 0
072 E001700 0
072 F001700 1345
072 G001700 7
072 H001700 0
072 I001700 62
072 J001700 117
072 K001700 0
072 L001700 2
072 M001700 14
072 N001700 0
072 O001700 0
072 P001700 0
072 Q001700 0
072 R001700 28
072 S001700 5
072 T001700 11
072 U001700 0
072 V001700 0
072 W001700 4
072 X001700 1595
072 Y001700 0
072 Z001700 260
072AA001700 0
072BB001700 17305
072CC011700 13481
072CC021700 0
<PAGE> PAGE 85
072DD011700 187
072DD021700 7
072EE001700 0
073 A011700 0.0090
073 A021700 0.0040
073 B001700 0.0000
073 C001700 0.0000
074 A001700 122
074 B001700 10614
074 C001700 0
074 D001700 0
074 E001700 0
074 F001700 228418
074 G001700 0
074 H001700 0
074 I001700 0
074 J001700 229
074 K001700 0
074 L001700 884
074 M001700 0
074 N001700 240267
074 O001700 831
074 P001700 423
074 Q001700 0
074 R011700 0
074 R021700 0
074 R031700 0
074 R041700 3
074 S001700 0
074 T001700 239010
074 U011700 20836
074 U021700 1921
074 V011700 10.50
074 V021700 10.50
074 W001700 0.0000
074 X001700 5461
074 Y001700 0
075 A001700 0
075 B001700 192396
076 001700 0.00
024 001800 N
028 A011800 36444
028 A021800 0
028 A031800 0
028 A041800 1511
028 B011800 20155
028 B021800 0
028 B031800 0
028 B041800 2007
028 C011800 69206
028 C021800 0
<PAGE> PAGE 86
028 C031800 0
028 C041800 1541
028 D011800 54158
028 D021800 0
028 D031800 0
028 D041800 149
028 E011800 47777
028 E021800 0
028 E031800 0
028 E041800 2365
028 F011800 35212
028 F021800 0
028 F031800 0
028 F041800 333
028 G011800 262952
028 G021800 0
028 G031800 0
028 G041800 7906
028 H001800 262952
029 001800 N
030 A001800 0
030 B001800 0.00
030 C001800 0.00
042 A001800 0
042 B001800 0
042 C001800 100
042 D001800 0
042 E001800 0
042 F001800 0
042 G001800 0
042 H001800 0
043 001800 40
044 001800 0
045 001800 Y
046 001800 N
047 001800 Y
048 001800 0.000
048 A011800 500000
048 A021800 0.650
048 B011800 500000
048 B021800 0.550
048 C011800 500000
048 C021800 0.500
048 D011800 5000000
048 D021800 0.450
048 E011800 5000000
048 E021800 0.425
048 F011800 5000000
048 F021800 0.405
048 G011800 5000000
048 G021800 0.390
<PAGE> PAGE 87
048 H011800 0
048 H021800 0.000
048 I011800 0
048 I021800 0.000
048 J011800 0
048 J021800 0.000
048 K011800 21500000
048 K021800 0.380
049 001800 N
050 001800 N
051 001800 N
052 001800 N
053 A001800 N
054 A001800 Y
054 B001800 Y
054 C001800 Y
054 D001800 N
054 E001800 N
054 F001800 N
054 G001800 N
054 H001800 N
054 I001800 N
054 J001800 Y
054 K001800 N
054 L001800 Y
054 M001800 Y
054 N001800 N
054 O001800 Y
058 A001800 N
059 001800 Y
060 A001800 Y
060 B001800 Y
061 001800 5000
062 A001800 N
062 B001800 0.0
062 C001800 0.0
062 D001800 0.0
062 E001800 0.0
062 F001800 0.0
062 G001800 0.0
062 H001800 0.0
062 I001800 0.0
062 J001800 0.0
062 K001800 0.0
062 L001800 0.0
062 M001800 0.0
062 N001800 0.0
062 O001800 0.0
062 P001800 0.0
062 Q001800 0.0
062 R001800 0.0
<PAGE> PAGE 88
063 A001800 0
063 B001800 0.0
066 A001800 Y
066 C001800 Y
067 001800 N
068 A001800 N
068 B001800 N
069 001800 N
070 A011800 Y
070 A021800 Y
070 B011800 Y
070 B021800 N
070 C011800 Y
070 C021800 N
070 D011800 Y
070 D021800 N
070 E011800 Y
070 E021800 N
070 F011800 Y
070 F021800 Y
070 G011800 Y
070 G021800 N
070 H011800 Y
070 H021800 N
070 I011800 N
070 I021800 N
070 J011800 Y
070 J021800 N
070 K011800 Y
070 K021800 N
070 L011800 Y
070 L021800 Y
070 M011800 Y
070 M021800 N
070 N011800 Y
070 N021800 N
070 O011800 Y
070 O021800 N
070 P011800 Y
070 P021800 N
070 Q011800 N
070 Q021800 N
070 R011800 N
070 R021800 N
071 A001800 879050
071 B001800 351365
071 C001800 536111
071 D001800 66
072 A001800 12
072 B001800 1047
072 C001800 3122
<PAGE> PAGE 89
072 D001800 0
072 E001800 0
072 F001800 3491
072 G001800 9
072 H001800 0
072 I001800 328
072 J001800 21
072 K001800 0
072 L001800 5
072 M001800 14
072 N001800 0
072 O001800 0
072 P001800 0
072 Q001800 0
072 R001800 34
072 S001800 8
072 T001800 40
072 U001800 0
072 V001800 0
072 W001800 7
072 X001800 3957
072 Y001800 0
072 Z001800 212
072AA001800 0
072BB001800 9541
072CC011800 196324
072CC021800 0
072DD011800 0
072DD021800 0
072EE001800 0
073 A011800 0.0000
073 A021800 0.0000
073 B001800 0.0000
073 C001800 0.0000
074 A001800 0
074 B001800 49014
074 C001800 0
074 D001800 0
074 E001800 15941
074 F001800 931821
074 G001800 0
074 H001800 0
074 I001800 0
074 J001800 2159
074 K001800 0
074 L001800 2191
074 M001800 0
074 N001800 1001126
074 O001800 30787
074 P001800 1275
074 Q001800 0
<PAGE> PAGE 90
074 R011800 0
074 R021800 0
074 R031800 0
074 R041800 119
074 S001800 0
074 T001800 968945
074 U011800 57204
074 U021800 6728
074 V011800 15.16
074 V021800 15.13
074 W001800 0.0000
074 X001800 10290
074 Y001800 0
075 A001800 0
075 B001800 553592
076 001800 0.00
025 D001901 0
025 D001902 0
025 D001903 0
025 D001904 0
025 D001905 0
025 D001906 0
025 D001907 0
025 D001908 0
028 A011900 6283
028 A021900 0
028 A031900 0
028 A041900 666
028 B011900 6188
028 B021900 0
028 B031900 0
028 B041900 1576
028 C011900 7797
028 C021900 0
028 C031900 0
028 C041900 919
028 D011900 23551
028 D021900 0
028 D031900 0
028 D041900 3546
028 E011900 22468
028 E021900 0
028 E031900 0
028 E041900 3116
028 F011900 39648
028 F021900 551
028 F031900 0
028 F041900 2332
028 G011900 105935
028 G021900 551
028 G031900 0
<PAGE> PAGE 91
028 G041900 12155
028 H001900 105935
029 001900 N
030 A001900 0
030 B001900 0.00
030 C001900 0.00
031 A001900 0
031 B001900 0
032 001900 0
033 001900 0
042 A001900 0
042 B001900 0
042 C001900 100
042 D001900 0
042 E001900 0
042 F001900 0
042 G001900 0
042 H001900 0
043 001900 6
044 001900 0
045 001900 Y
046 001900 N
047 001900 Y
048 001900 0.000
048 A011900 500000
048 A021900 0.700
048 B011900 500000
048 B021900 0.600
048 C011900 500000
048 C021900 0.550
048 D011900 5000000
048 D021900 0.500
048 E011900 5000000
048 E021900 0.475
048 F011900 5000000
048 F021900 0.455
048 G011900 5000000
048 G021900 0.440
048 H011900 0
048 H021900 0.000
048 I011900 0
048 I021900 0.000
048 J011900 0
048 J021900 0.000
048 K011900 21500000
048 K021900 0.430
049 001900 N
050 001900 N
051 001900 N
052 001900 N
053 A001900 Y
<PAGE> PAGE 92
053 B001900 Y
053 C001900 N
054 A001900 Y
054 B001900 Y
054 C001900 Y
054 D001900 N
054 E001900 N
054 F001900 N
054 G001900 N
054 H001900 N
054 I001900 N
054 J001900 Y
054 K001900 N
054 L001900 Y
054 M001900 Y
054 N001900 N
054 O001900 Y
058 A001900 N
059 001900 Y
060 A001900 Y
060 B001900 Y
061 001900 5000
062 A001900 N
062 B001900 0.0
062 C001900 0.0
062 D001900 0.0
062 E001900 0.0
062 F001900 0.0
062 G001900 0.0
062 H001900 0.0
062 I001900 0.0
062 J001900 0.0
062 K001900 0.0
062 L001900 0.0
062 M001900 0.0
062 N001900 0.0
062 O001900 0.0
062 P001900 0.0
062 Q001900 0.0
062 R001900 0.0
063 A001900 0
063 B001900 0.0
066 A001900 Y
066 D001900 Y
067 001900 N
068 A001900 N
068 B001900 N
069 001900 N
070 A011900 Y
070 A021900 Y
070 B011900 Y
<PAGE> PAGE 93
070 B021900 N
070 C011900 N
070 C021900 N
070 D011900 Y
070 D021900 N
070 E011900 Y
070 E021900 N
070 F011900 Y
070 F021900 N
070 G011900 Y
070 G021900 N
070 H011900 Y
070 H021900 N
070 I011900 N
070 I021900 N
070 J011900 Y
070 J021900 N
070 K011900 Y
070 K021900 N
070 L011900 Y
070 L021900 Y
070 M011900 Y
070 M021900 N
070 N011900 Y
070 N021900 N
070 O011900 Y
070 O021900 N
070 P011900 Y
070 P021900 N
070 Q011900 N
070 Q021900 N
070 R011900 N
070 R021900 N
071 A001900 192363
071 B001900 86503
071 C001900 67590
071 D001900 127
072 A001900 12
072 B001900 234
072 C001900 2
072 D001900 0
072 E001900 0
072 F001900 483
072 G001900 6
072 H001900 0
072 I001900 22
072 J001900 177
072 K001900 0
072 L001900 0
072 M001900 12
072 N001900 0
<PAGE> PAGE 94
072 O001900 0
072 P001900 0
072 Q001900 0
072 R001900 28
072 S001900 5
072 T001900 6
072 U001900 0
072 V001900 0
072 W001900 1
072 X001900 740
072 Y001900 116
072 Z001900 -388
072AA001900 7458
072BB001900 0
072CC011900 82931
072CC021900 0
072DD011900 0
072DD021900 0
072EE001900 501
073 A011900 0.0000
073 A021900 0.0000
073 B001900 0.0600
073 C001900 0.0000
074 A001900 0
074 B001900 21985
074 C001900 0
074 D001900 0
074 E001900 0
074 F001900 222175
074 G001900 0
074 H001900 0
074 I001900 0
074 J001900 585
074 K001900 0
074 L001900 1556
074 M001900 0
074 N001900 246301
074 O001900 14580
074 P001900 282
074 Q001900 0
074 R011900 0
074 R021900 0
074 R031900 0
074 R041900 4
074 S001900 0
074 T001900 231435
074 U011900 9083
074 U021900 1074
074 V011900 22.79
074 V021900 22.76
074 W001900 0.0000
<PAGE> PAGE 95
074 X001900 0
074 Y001900 0
075 A001900 0
075 B001900 69055
076 001900 0.00
024 002000 Y
025 A002001 LEHMAN BROTHERS
025 C002001 D
025 D002001 973
025 A002002 MERRILL LYNCH PIERCE FENNER & SMITH
025 C002002 E
025 D002002 827
025 A002003 JP MORGAN SECURITIES INC.
025 C002003 E
025 D002003 798
025 A002004 HOUSEHOLD FINANCE
025 C002004 D
025 D002004 500
025 A002005 SALOMON SMITH BARNEY
025 C002005 D
025 D002005 444
025 A002006 GOLDMAN SACHS
025 C002006 D
025 D002006 400
025 D002007 0
025 D002008 0
028 A012000 20800
028 A022000 0
028 A032000 0
028 A042000 1
028 B012000 19593
028 B022000 0
028 B032000 0
028 B042000 3365
028 C012000 17578
028 C022000 0
028 C032000 0
028 C042000 53
028 D012000 14483
028 D022000 0
028 D032000 0
028 D042000 43
028 E012000 13723
028 E022000 0
028 E032000 0
028 E042000 613
028 F012000 11450
028 F022000 7630
028 F032000 0
028 F042000 455
028 G012000 97627
<PAGE> PAGE 96
028 G022000 7630
028 G032000 0
028 G042000 4530
028 H002000 97627
029 002000 N
030 A002000 0
030 B002000 0.00
030 C002000 0.00
031 A002000 0
031 B002000 0
032 002000 0
033 002000 0
042 A002000 0
042 B002000 0
042 C002000 100
042 D002000 0
042 E002000 0
042 F002000 0
042 G002000 0
042 H002000 0
043 002000 20
044 002000 0
045 002000 Y
046 002000 N
047 002000 Y
048 002000 0.000
048 A012000 500000
048 A022000 0.650
048 B012000 500000
048 B022000 0.550
048 C012000 500000
048 C022000 0.500
048 D012000 5000000
048 D022000 0.450
048 E012000 5000000
048 E022000 0.425
048 F012000 5000000
048 F022000 0.405
048 G012000 5000000
048 G022000 0.390
048 H012000 0
048 H022000 0.000
048 I012000 0
048 I022000 0.000
048 J012000 0
048 J022000 0.000
048 K012000 21500000
048 K022000 0.380
049 002000 N
050 002000 N
051 002000 N
<PAGE> PAGE 97
052 002000 N
053 A002000 N
054 A002000 Y
054 B002000 Y
054 C002000 Y
054 D002000 N
054 E002000 N
054 F002000 N
054 G002000 N
054 H002000 N
054 I002000 N
054 J002000 Y
054 K002000 N
054 L002000 Y
054 M002000 Y
054 N002000 N
054 O002000 Y
058 A002000 N
059 002000 Y
060 A002000 Y
060 B002000 Y
061 002000 5000
062 A002000 N
062 B002000 0.0
062 C002000 0.0
062 D002000 0.0
062 E002000 0.0
062 F002000 0.0
062 G002000 0.0
062 H002000 0.0
062 I002000 0.0
062 J002000 0.0
062 K002000 0.0
062 L002000 0.0
062 M002000 0.0
062 N002000 0.0
062 O002000 0.0
062 P002000 0.0
062 Q002000 0.0
062 R002000 0.0
063 A002000 0
063 B002000 0.0
066 A002000 Y
066 E002000 Y
067 002000 N
068 A002000 N
068 B002000 N
069 002000 N
070 A012000 Y
070 A022000 Y
070 B012000 Y
<PAGE> PAGE 98
070 B022000 N
070 C012000 N
070 C022000 N
070 D012000 Y
070 D022000 N
070 E012000 Y
070 E022000 N
070 F012000 Y
070 F022000 N
070 G012000 Y
070 G022000 N
070 H012000 Y
070 H022000 N
070 I012000 N
070 I022000 N
070 J012000 Y
070 J022000 N
070 K012000 Y
070 K022000 N
070 L012000 Y
070 L022000 Y
070 M012000 Y
070 M022000 N
070 N012000 Y
070 N022000 N
070 O012000 Y
070 O022000 N
070 P012000 N
070 P022000 N
070 Q012000 N
070 Q022000 N
070 R012000 Y
070 R022000 N
071 A002000 576439
071 B002000 364073
071 C002000 209944
071 D002000 173
072 A002000 12
072 B002000 5875
072 C002000 2887
072 D002000 0
072 E002000 0
072 F002000 1472
072 G002000 7
072 H002000 0
072 I002000 73
072 J002000 162
072 K002000 0
072 L002000 2
072 M002000 13
072 N002000 0
<PAGE> PAGE 99
072 O002000 0
072 P002000 0
072 Q002000 0
072 R002000 45
072 S002000 6
072 T002000 20
072 U002000 0
072 V002000 0
072 W002000 75
072 X002000 1875
072 Y002000 0
072 Z002000 6887
072AA002000 0
072BB002000 4313
072CC012000 0
072CC022000 8628
072DD012000 6104
072DD022000 773
072EE002000 359
073 A012000 0.2300
073 A022000 0.2300
073 B002000 0.0200
073 C002000 0.0100
074 A002000 652
074 B002000 9371
074 C002000 0
074 D002000 111430
074 E002000 192
074 F002000 195004
074 G002000 0
074 H002000 0
074 I002000 0
074 J002000 703
074 K002000 0
074 L002000 2239
074 M002000 0
074 N002000 319591
074 O002000 3933
074 P002000 536
074 Q002000 0
074 R012000 0
074 R022000 0
074 R032000 0
074 R042000 3
074 S002000 0
074 T002000 315119
074 U012000 27714
074 U022000 3866
074 V012000 9.98
074 V022000 9.98
074 W002000 0.0000
<PAGE> PAGE 100
074 X002000 0
074 Y002000 0
075 A002000 0
075 B002000 226857
076 002000 0.00
025 D002101 0
025 D002102 0
025 D002103 0
025 D002104 0
025 D002105 0
025 D002106 0
025 D002107 0
025 D002108 0
028 A012100 11715
028 A022100 0
028 A032100 0
028 A042100 77
028 B012100 9331
028 B022100 0
028 B032100 0
028 B042100 260
028 C012100 9152
028 C022100 0
028 C032100 0
028 C042100 124
028 D012100 10141
028 D022100 0
028 D032100 0
028 D042100 163
028 E012100 13686
028 E022100 0
028 E032100 0
028 E042100 170
028 F012100 15352
028 F022100 0
028 F032100 0
028 F042100 394
028 G012100 69376
028 G022100 0
028 G032100 0
028 G042100 1189
028 H002100 69376
029 002100 N
030 A002100 0
030 B002100 0.00
030 C002100 0.00
031 A002100 0
031 B002100 0
032 002100 0
033 002100 0
042 A002100 0
<PAGE> PAGE 101
042 B002100 0
042 C002100 100
042 D002100 0
042 E002100 0
042 F002100 0
042 G002100 0
042 H002100 0
043 002100 8
044 002100 0
045 002100 Y
046 002100 N
047 002100 Y
048 002100 0.000
048 A012100 500000
048 A022100 0.650
048 B012100 500000
048 B022100 0.550
048 C012100 500000
048 C022100 0.500
048 D012100 5000000
048 D022100 0.450
048 E012100 5000000
048 E022100 0.425
048 F012100 5000000
048 F022100 0.405
048 G012100 5000000
048 G022100 0.390
048 H012100 0
048 H022100 0.000
048 I012100 0
048 I022100 0.000
048 J012100 0
048 J022100 0.000
048 K012100 21500000
048 K022100 0.380
049 002100 N
050 002100 N
051 002100 N
052 002100 N
053 A002100 N
054 A002100 Y
054 B002100 Y
054 C002100 Y
054 D002100 N
054 E002100 N
054 F002100 N
054 G002100 N
054 H002100 N
054 I002100 N
054 J002100 Y
054 K002100 N
<PAGE> PAGE 102
054 L002100 Y
054 M002100 Y
054 N002100 N
054 O002100 Y
058 A002100 N
059 002100 Y
060 A002100 Y
060 B002100 Y
061 002100 5000
062 A002100 N
062 B002100 0.0
062 C002100 0.0
062 D002100 0.0
062 E002100 0.0
062 F002100 0.0
062 G002100 0.0
062 H002100 0.0
062 I002100 0.0
062 J002100 0.0
062 K002100 0.0
062 L002100 0.0
062 M002100 0.0
062 N002100 0.0
062 O002100 0.0
062 P002100 0.0
062 Q002100 0.0
062 R002100 0.0
063 A002100 0
063 B002100 0.0
066 A002100 Y
066 C002100 Y
067 002100 N
068 A002100 N
068 B002100 N
069 002100 N
070 A012100 Y
070 A022100 Y
070 B012100 Y
070 B022100 N
070 C012100 N
070 C022100 N
070 D012100 Y
070 D022100 N
070 E012100 Y
070 E022100 N
070 F012100 Y
070 F022100 N
070 G012100 Y
070 G022100 N
070 H012100 Y
070 H022100 N
<PAGE> PAGE 103
070 I012100 N
070 I022100 N
070 J012100 Y
070 J022100 N
070 K012100 Y
070 K022100 N
070 L012100 Y
070 L022100 Y
070 M012100 Y
070 M022100 N
070 N012100 N
070 N022100 N
070 O012100 Y
070 O022100 N
070 P012100 N
070 P022100 N
070 Q012100 N
070 Q022100 N
070 R012100 N
070 R022100 N
071 A002100 242432
071 B002100 131818
071 C002100 77926
071 D002100 169
072 A002100 12
072 B002100 112
072 C002100 819
072 D002100 0
072 E002100 0
072 F002100 513
072 G002100 5
072 H002100 0
072 I002100 26
072 J002100 165
072 K002100 0
072 L002100 1
072 M002100 5
072 N002100 0
072 O002100 0
072 P002100 0
072 Q002100 0
072 R002100 29
072 S002100 5
072 T002100 9
072 U002100 0
072 V002100 0
072 W002100 0
072 X002100 758
072 Y002100 86
072 Z002100 259
072AA002100 4685
<PAGE> PAGE 104
072BB002100 0
072CC012100 19262
072CC022100 0
072DD012100 242
072DD022100 37
072EE002100 3395
073 A012100 0.0000
073 A022100 0.0000
073 B002100 0.1100
073 C002100 0.0000
074 A002100 1
074 B002100 2884
074 C002100 0
074 D002100 0
074 E002100 0
074 F002100 157052
074 G002100 0
074 H002100 0
074 I002100 0
074 J002100 1405
074 K002100 0
074 L002100 663
074 M002100 0
074 N002100 162006
074 O002100 1427
074 P002100 252
074 Q002100 0
074 R012100 0
074 R022100 0
074 R032100 0
074 R042100 2
074 S002100 0
074 T002100 160325
074 U012100 9132
074 U022100 1787
074 V012100 14.69
074 V022100 14.67
074 W002100 0.0000
074 X002100 54
074 Y002100 0
075 A002100 0
075 B002100 78885
076 002100 0.00
028 A012200 2548
028 A022200 0
028 A032200 0
028 A042200 112
028 B012200 1829
028 B022200 0
028 B032200 0
028 B042200 982
<PAGE> PAGE 105
028 C012200 2131
028 C022200 0
028 C032200 0
028 C042200 13
028 D012200 2673
028 D022200 0
028 D032200 0
028 D042200 161
028 E012200 2462
028 E022200 0
028 E032200 0
028 E042200 300
028 F012200 3437
028 F022200 0
028 F032200 0
028 F042200 145
028 G012200 15080
028 G022200 0
028 G032200 0
028 G042200 1713
028 H002200 15080
030 A002200 0
030 B002200 0.00
030 C002200 0.00
031 A002200 0
031 B002200 0
032 002200 0
033 002200 0
042 A002200 0
042 B002200 0
042 C002200 100
042 D002200 0
042 E002200 0
042 F002200 0
042 G002200 0
042 H002200 0
043 002200 2
044 002200 0
045 002200 Y
046 002200 N
047 002200 Y
048 002200 0.000
048 A012200 500000
048 A022200 0.800
048 B012200 500000
048 B022200 0.700
048 C012200 500000
048 C022200 0.650
048 D012200 5000000
048 D022200 0.600
048 E012200 5000000
<PAGE> PAGE 106
048 E022200 0.575
048 F012200 5000000
048 F022200 0.555
048 G012200 5000000
048 G022200 0.540
048 H012200 0
048 H022200 0.000
048 I012200 0
048 I022200 0.000
048 J012200 0
048 J022200 0.000
048 K012200 21500000
048 K022200 0.530
049 002200 N
050 002200 N
051 002200 N
052 002200 N
053 A002200 N
054 A002200 Y
054 B002200 Y
054 C002200 Y
054 D002200 N
054 E002200 N
054 F002200 N
054 G002200 N
054 H002200 N
054 I002200 N
054 J002200 Y
054 K002200 N
054 L002200 Y
054 M002200 Y
054 N002200 N
054 O002200 Y
058 A002200 N
059 002200 Y
060 A002200 Y
060 B002200 Y
061 002200 5000
062 A002200 N
062 B002200 0.0
062 C002200 0.0
062 D002200 0.0
062 E002200 0.0
062 F002200 0.0
062 G002200 0.0
062 H002200 0.0
062 I002200 0.0
062 J002200 0.0
062 K002200 0.0
062 L002200 0.0
062 M002200 0.0
<PAGE> PAGE 107
062 N002200 0.0
062 O002200 0.0
062 P002200 0.0
062 Q002200 0.0
062 R002200 0.0
063 A002200 0
063 B002200 0.0
066 A002200 Y
066 D002200 Y
067 002200 N
068 A002200 N
068 B002200 N
069 002200 N
070 A012200 Y
070 A022200 Y
070 B012200 Y
070 B022200 N
070 C012200 N
070 C022200 N
070 D012200 Y
070 D022200 N
070 E012200 Y
070 E022200 N
070 F012200 Y
070 F022200 N
070 G012200 Y
070 G022200 N
070 H012200 Y
070 H022200 N
070 I012200 N
070 I022200 N
070 J012200 Y
070 J022200 N
070 K012200 Y
070 K022200 N
070 L012200 Y
070 L022200 Y
070 M012200 Y
070 M022200 N
070 N012200 N
070 N022200 N
070 O012200 Y
070 O022200 N
070 P012200 N
070 P022200 N
070 Q012200 N
070 Q022200 N
070 R012200 N
070 R022200 N
071 A002200 21620
071 B002200 4032
<PAGE> PAGE 108
071 C002200 8358
071 D002200 48
072 A002200 12
072 B002200 19
072 C002200 72
072 D002200 0
072 E002200 0
072 F002200 46
072 G002200 0
072 H002200 0
072 I002200 2
072 J002200 32
072 K002200 0
072 L002200 0
072 M002200 1
072 N002200 0
072 O002200 0
072 P002200 0
072 Q002200 0
072 R002200 26
072 S002200 3
072 T002200 2
072 U002200 0
072 V002200 0
072 W002200 1
072 X002200 113
072 Y002200 0
072 Z002200 -22
072AA002200 0
072BB002200 65
072CC012200 425
072CC022200 0
072DD012200 0
072DD022200 0
072EE002200 34
073 A012200 0.0000
073 A022200 0.0000
073 B002200 0.0300
073 C002200 0.0100
074 A002200 11
074 B002200 1210
074 C002200 0
074 D002200 0
074 E002200 0
074 F002200 17948
074 G002200 0
074 H002200 0
074 I002200 0
074 J002200 50
074 K002200 0
074 L002200 152
<PAGE> PAGE 109
074 M002200 0
074 N002200 19371
074 O002200 640
074 P002200 48
074 Q002200 0
074 R012200 0
074 R022200 0
074 R032200 0
074 R042200 1
074 S002200 0
074 T002200 18682
074 U012200 1193
074 U022200 620
074 V012200 10.31
074 V022200 10.30
074 W002200 0.0000
074 X002200 0
074 Y002200 0
075 A002200 0
075 B002200 8642
076 002200 0.00
066 A003000 N
067 003000 N
068 A003000 N
068 B003000 N
069 003000 N
074 A003500 0
074 B003500 0
074 C003500 0
074 D003500 0
074 E003500 0
074 F003500 0
074 G003500 0
074 H003500 0
074 I003500 0
074 J003500 0
074 K003500 0
074 L003500 0
074 M003500 0
074 N003500 0
SIGNATURE PAUL BUCUVALAS
TITLE MANAGING DIRECTOR
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
Putnam Variable Trust Health Sceinces Fund
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 207,763,802
<INVESTMENTS-AT-VALUE> 239,032,223
<RECEIVABLES> 1,112,855
<ASSETS-OTHER> 121,569
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 240,266,647
<PAYABLE-FOR-SECURITIES> 831,119
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 425,516
<TOTAL-LIABILITIES> 1,256,635
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 229,639,602
<SHARES-COMMON-STOCK> 20,835,794
<SHARES-COMMON-PRIOR> 12,283,877
<ACCUMULATED-NII-CURRENT> 67,644
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (22,130,130)
<ACCUM-APPREC-OR-DEPREC> 31,432,896
<NET-ASSETS> 239,010,012
<DIVIDEND-INCOME> 1,350,899
<INTEREST-INCOME> 504,403
<OTHER-INCOME> 0
<EXPENSES-NET> 1,595,085
<NET-INVESTMENT-INCOME> 260,217
<REALIZED-GAINS-CURRENT> (17,304,965)
<APPREC-INCREASE-CURRENT> 13,481,081
<NET-CHANGE-FROM-OPS> (3,563,667)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (186,582)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,825,298
<NUMBER-OF-SHARES-REDEEMED> (1,292,330)
<SHARES-REINVESTED> 18,949
<NET-CHANGE-IN-ASSETS> 102,445,338
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (4,823,757)
<GROSS-ADVISORY-FEES> 1,345,233
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,608,761
<AVERAGE-NET-ASSETS> 185,293,205
<PER-SHARE-NAV-BEGIN> 10.94
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> (.44)
<PER-SHARE-DIVIDEND> (.01)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.50
<EXPENSE-RATIO> .83
[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>
Putnam Variable Trust Health Sceinces Fund
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 207,763,802
<INVESTMENTS-AT-VALUE> 239,032,223
<RECEIVABLES> 1,112,855
<ASSETS-OTHER> 121,569
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 240,266,647
<PAYABLE-FOR-SECURITIES> 831,119
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 425,516
<TOTAL-LIABILITIES> 1,256,635
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 229,639,602
<SHARES-COMMON-STOCK> 1,921,062
<SHARES-COMMON-PRIOR> 194,680
<ACCUMULATED-NII-CURRENT> 67,644
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (22,130,130)
<ACCUM-APPREC-OR-DEPREC> 31,432,896
<NET-ASSETS> 239,010,012
<DIVIDEND-INCOME> 1,350,899
<INTEREST-INCOME> 504,403
<OTHER-INCOME> 0
<EXPENSES-NET> 1,595,085
<NET-INVESTMENT-INCOME> 260,217
<REALIZED-GAINS-CURRENT> (17,304,965)
<APPREC-INCREASE-CURRENT> 13,481,081
<NET-CHANGE-FROM-OPS> (3,563,667)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,170)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,793,605
<NUMBER-OF-SHARES-REDEEMED> (67,952)
<SHARES-REINVESTED> 729
<NET-CHANGE-IN-ASSETS> 102,445,338
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (4,823,757)
<GROSS-ADVISORY-FEES> 1,345,233
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,608,761
<AVERAGE-NET-ASSETS> 7,103,292
<PER-SHARE-NAV-BEGIN> 10.93
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> (.43)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.50
<EXPENSE-RATIO> .98
[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>
Putnam Variable Trust New Value Fund
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> SEMI
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 268,527,314
<INVESTMENTS-AT-VALUE> 264,669,759
<RECEIVABLES> 1,446,981
<ASSETS-OTHER> 13,805
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 266,130,545
<PAYABLE-FOR-SECURITIES> 6,933,715
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 563,381
<TOTAL-LIABILITIES> 7,497,096
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 246,294,832
<SHARES-COMMON-STOCK> 21,005,967
<SHARES-COMMON-PRIOR> 21,267,484
<ACCUMULATED-NII-CURRENT> 3,845,341
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12,350,831
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (3,857,555)
<NET-ASSETS> 258,633,449
<DIVIDEND-INCOME> 5,383,292
<INTEREST-INCOME> 603,938
<OTHER-INCOME> 0
<EXPENSES-NET> 2,155,089
<NET-INVESTMENT-INCOME> 3,832,141
<REALIZED-GAINS-CURRENT> 13,497,708
<APPREC-INCREASE-CURRENT> (18,973,465)
<NET-CHANGE-FROM-OPS> (1,643,616)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (20,345)
<DISTRIBUTIONS-OF-GAINS> (4,292,863)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,341,807
<NUMBER-OF-SHARES-REDEEMED> (3,950,045)
<SHARES-REINVESTED> 346,721
<NET-CHANGE-IN-ASSETS> 2,465,665
<ACCUMULATED-NII-PRIOR> 57,759
<ACCUMULATED-GAINS-PRIOR> 3,147,156
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,909,355
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,197,998
<AVERAGE-NET-ASSETS> 269,206,295
<PER-SHARE-NAV-BEGIN> 12.03
<PER-SHARE-NII> .18
<PER-SHARE-GAIN-APPREC> (.14)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.21)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.86
<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>
Putnam Variable Trust New Value Fund
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> SEMI
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 268,527,314
<INVESTMENTS-AT-VALUE> 264,669,759
<RECEIVABLES> 1,446,981
<ASSETS-OTHER> 13,805
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 266,130,545
<PAYABLE-FOR-SECURITIES> 6,933,715
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 563,381
<TOTAL-LIABILITIES> 7,497,096
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 246,294,832
<SHARES-COMMON-STOCK> 805,472
<SHARES-COMMON-PRIOR> 34,458
<ACCUMULATED-NII-CURRENT> 3,845,341
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12,350,831
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (3,857,555)
<NET-ASSETS> 258,633,449
<DIVIDEND-INCOME> 5,383,292
<INTEREST-INCOME> 603,938
<OTHER-INCOME> 0
<EXPENSES-NET> 2,155,089
<NET-INVESTMENT-INCOME> 3,832,141
<REALIZED-GAINS-CURRENT> 13,497,708
<APPREC-INCREASE-CURRENT> (18,973,465)
<NET-CHANGE-FROM-OPS> (1,643,616)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (14,678)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 876,251
<NUMBER-OF-SHARES-REDEEMED> (105,237)
<SHARES-REINVESTED> 1,181
<NET-CHANGE-IN-ASSETS> 2,465,665
<ACCUMULATED-NII-PRIOR> 57,759
<ACCUMULATED-GAINS-PRIOR> 3,147,156
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,909,355
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,197,998
<AVERAGE-NET-ASSETS> 3,639,723
<PER-SHARE-NAV-BEGIN> 12.02
<PER-SHARE-NII> .17
<PER-SHARE-GAIN-APPREC> (.13)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.21)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.85
<EXPENSE-RATIO> .95
[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>
Putnam Variable Trust INVESTORS FUND
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 761,651,063
<INVESTMENTS-AT-VALUE> 996,776,392
<RECEIVABLES> 4,349,238
<ASSETS-OTHER> 271
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,001,125,901
<PAYABLE-FOR-SECURITIES> 30,786,415
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,394,038
<TOTAL-LIABILITIES> 32,180,453
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 751,695,875
<SHARES-COMMON-STOCK> 57,204,051
<SHARES-COMMON-PRIOR> 20,891,466
<ACCUMULATED-NII-CURRENT> 211,892
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (18,379,028)
<ACCUM-APPREC-OR-DEPREC> 235,416,709
<NET-ASSETS> 968,945,448
<DIVIDEND-INCOME> 3,122,422
<INTEREST-INCOME> 1,046,718
<OTHER-INCOME> 0
<EXPENSES-NET> 3,957,248
<NET-INVESTMENT-INCOME> 211,892
<REALIZED-GAINS-CURRENT> (9,540,575)
<APPREC-INCREASE-CURRENT> 196,323,644
<NET-CHANGE-FROM-OPS> 186,994,961
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 37,371,494
<NUMBER-OF-SHARES-REDEEMED> (1,058,909)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 723,030,394
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (8,838,294)
<GROSS-ADVISORY-FEES> 3,490,704
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,967,240
<AVERAGE-NET-ASSETS> 526,845,395
<PER-SHARE-NAV-BEGIN> 11.65
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> 3.50
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.16
<EXPENSE-RATIO> .71
[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>
Putnam Variable Trust INVESTORS FUND
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 761,651,063
<INVESTMENTS-AT-VALUE> 996,776,392
<RECEIVABLES> 4,349,238
<ASSETS-OTHER> 271
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,001,125,901
<PAYABLE-FOR-SECURITIES> 30,786,415
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,394,038
<TOTAL-LIABILITIES> 32,180,453
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 751,695,875
<SHARES-COMMON-STOCK> 6,727,905
<SHARES-COMMON-PRIOR> 225,024
<ACCUMULATED-NII-CURRENT> 211,892
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (18,379,028)
<ACCUM-APPREC-OR-DEPREC> 235,416,709
<NET-ASSETS> 968,945,448
<DIVIDEND-INCOME> 3,122,422
<INTEREST-INCOME> 1,046,718
<OTHER-INCOME> 0
<EXPENSES-NET> 3,957,248
<NET-INVESTMENT-INCOME> 211,892
<REALIZED-GAINS-CURRENT> (9,540,575)
<APPREC-INCREASE-CURRENT> 196,323,644
<NET-CHANGE-FROM-OPS> 186,994,961
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,584,989
<NUMBER-OF-SHARES-REDEEMED> (82,108)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 723,030,394
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (8,838,294)
<GROSS-ADVISORY-FEES> 3,490,704
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,967,240
<AVERAGE-NET-ASSETS> 26,746,953
<PER-SHARE-NAV-BEGIN> 11.64
<PER-SHARE-NII> (.01)
<PER-SHARE-GAIN-APPREC> 3.50
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.13
<EXPENSE-RATIO> .86
[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>
Putnam Variable Trust International Growth Fund
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 461,082,765
<INVESTMENTS-AT-VALUE> 665,779,570
<RECEIVABLES> 7,897,810
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 255,486
<TOTAL-ASSETS> 673,932,866
<PAYABLE-FOR-SECURITIES> 4,890,620
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,226,240
<TOTAL-LIABILITIES> 6,116,860
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 398,220,326
<SHARES-COMMON-STOCK> 28,962,219
<SHARES-COMMON-PRIOR> 23,488,832
<ACCUMULATED-NII-CURRENT> 2,930,362
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 61,914,631
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 204,750,687
<NET-ASSETS> 667,816,006
<DIVIDEND-INCOME> 5,811,666
<INTEREST-INCOME> 542,125
<OTHER-INCOME> 0
<EXPENSES-NET> 4,245,704
<NET-INVESTMENT-INCOME> 2,108,087
<REALIZED-GAINS-CURRENT> 68,995,393
<APPREC-INCREASE-CURRENT> 161,562,374
<NET-CHANGE-FROM-OPS> 232,665,854
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 18,217,034
<NUMBER-OF-SHARES-REDEEMED> (12,743,647)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 348,979,812
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (336,147)
<OVERDIST-NET-GAINS-PRIOR> (6,212,481)
<GROSS-ADVISORY-FEES> 3,317,297
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,257,460
<AVERAGE-NET-ASSETS> 407,122,407
<PER-SHARE-NAV-BEGIN> 13.52
<PER-SHARE-NII> .08
<PER-SHARE-GAIN-APPREC> 8.06
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.66
<EXPENSE-RATIO> 1.02
[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>
Putnam Variable Trust International Growth Fund
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 461,082,765
<INVESTMENTS-AT-VALUE> 665,779,570
<RECEIVABLES> 7,897,810
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 255,486
<TOTAL-ASSETS> 673,932,866
<PAYABLE-FOR-SECURITIES> 4,890,620
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,226,240
<TOTAL-LIABILITIES> 6,116,860
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 398,220,326
<SHARES-COMMON-STOCK> 1,870,117
<SHARES-COMMON-PRIOR> 91,357
<ACCUMULATED-NII-CURRENT> 2,930,362
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 61,914,631
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 204,750,687
<NET-ASSETS> 667,816,006
<DIVIDEND-INCOME> 5,811,666
<INTEREST-INCOME> 542,125
<OTHER-INCOME> 0
<EXPENSES-NET> 4,245,704
<NET-INVESTMENT-INCOME> 2,108,087
<REALIZED-GAINS-CURRENT> 68,995,393
<APPREC-INCREASE-CURRENT> 161,562,374
<NET-CHANGE-FROM-OPS> 232,665,854
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,045,195
<NUMBER-OF-SHARES-REDEEMED> (2,266,435)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 348,979,812
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (336,147)
<OVERDIST-NET-GAINS-PRIOR> (6,212,481)
<GROSS-ADVISORY-FEES> 3,317,297
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,257,460
<AVERAGE-NET-ASSETS> 9,087,732
<PER-SHARE-NAV-BEGIN> 13.51
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 8.07
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.63
<EXPENSE-RATIO> 1.17
[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>
Putnam Variable Trust RESEARCH FUND
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 138,695,401
<INVESTMENTS-AT-VALUE> 159,936,509
<RECEIVABLES> 2,068,252
<ASSETS-OTHER> 1,293
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 162,006,054
<PAYABLE-FOR-SECURITIES> 1,427,055
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 253,631
<TOTAL-LIABILITIES> 1,680,686
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 138,121,132
<SHARES-COMMON-STOCK> 9,132,044
<SHARES-COMMON-PRIOR> 1,897,004
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 963,091
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 21,241,145
<NET-ASSETS> 160,325,368
<DIVIDEND-INCOME> 819,084
<INTEREST-INCOME> 111,748
<OTHER-INCOME> 0
<EXPENSES-NET> 672,085
<NET-INVESTMENT-INCOME> 258,747
<REALIZED-GAINS-CURRENT> 4,684,952
<APPREC-INCREASE-CURRENT> 19,261,649
<NET-CHANGE-FROM-OPS> 24,205,348
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (242,375)
<DISTRIBUTIONS-OF-GAINS> (3,394,940)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,932,740
<NUMBER-OF-SHARES-REDEEMED> (961,174)
<SHARES-REINVESTED> 263,474
<NET-CHANGE-IN-ASSETS> 137,444,125
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 261,181
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 512,755
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 678,915
<AVERAGE-NET-ASSETS> 72,253,308
<PER-SHARE-NAV-BEGIN> 11.93
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 3.20
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> (.46)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.69
<EXPENSE-RATIO> .85
[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>
Putnam Variable Trust RESEARCH FUND
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 138,695,401
<INVESTMENTS-AT-VALUE> 159,936,509
<RECEIVABLES> 2,068,252
<ASSETS-OTHER> 1,293
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 162,006,054
<PAYABLE-FOR-SECURITIES> 1,427,055
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 253,631
<TOTAL-LIABILITIES> 1,680,686
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 138,121,132
<SHARES-COMMON-STOCK> 1,786,996
<SHARES-COMMON-PRIOR> 21,410
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 963,091
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 21,241,145
<NET-ASSETS> 160,325,368
<DIVIDEND-INCOME> 819,084
<INTEREST-INCOME> 111,748
<OTHER-INCOME> 0
<EXPENSES-NET> 672,085
<NET-INVESTMENT-INCOME> 258,747
<REALIZED-GAINS-CURRENT> 4,684,952
<APPREC-INCREASE-CURRENT> 19,261,649
<NET-CHANGE-FROM-OPS> 24,205,348
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (36,664)
<DISTRIBUTIONS-OF-GAINS> (567,989)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,811,272
<NUMBER-OF-SHARES-REDEEMED> (89,090)
<SHARES-REINVESTED> 43,404
<NET-CHANGE-IN-ASSETS> 137,444,125
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 261,181
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 512,755
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 678,915
<AVERAGE-NET-ASSETS> 6,632,051
<PER-SHARE-NAV-BEGIN> 11.90
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 3.23
<PER-SHARE-DIVIDEND> (.02)
<PER-SHARE-DISTRIBUTIONS> (.46)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.67
<EXPENSE-RATIO> 1.00
[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>
Putnam Variable Trust Small Cap Fund
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 18,733,754
<INVESTMENTS-AT-VALUE> 19,158,454
<RECEIVABLES> 200,904
<ASSETS-OTHER> 11,299
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 19,370,657
<PAYABLE-FOR-SECURITIES> 639,556
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 49,458
<TOTAL-LIABILITIES> 689,014
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18,389,124
<SHARES-COMMON-STOCK> 1,192,923
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (132,181)
<ACCUM-APPREC-OR-DEPREC> 424,700
<NET-ASSETS> 18,681,643
<DIVIDEND-INCOME> 71,634
<INTEREST-INCOME> 19,267
<OTHER-INCOME> 0
<EXPENSES-NET> 112,933
<NET-INVESTMENT-INCOME> (22,032)
<REALIZED-GAINS-CURRENT> (64,508)
<APPREC-INCREASE-CURRENT> 424,700
<NET-CHANGE-FROM-OPS> 338,160
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> (34,203)
<NUMBER-OF-SHARES-SOLD> 1,353,899
<NUMBER-OF-SHARES-REDEEMED> (264,388)
<SHARES-REINVESTED> 3,512
<NET-CHANGE-IN-ASSETS> 17,681,643
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 46,193
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 113,771
<AVERAGE-NET-ASSETS> 6,480,201
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (.02)
<PER-SHARE-GAIN-APPREC> .37
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.03)
<RETURNS-OF-CAPITAL> (.01)
<PER-SHARE-NAV-END> 10.31
<EXPENSE-RATIO> 1.29
[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>
Putnam Variable Trust Small Cap Fund
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 18,733,754
<INVESTMENTS-AT-VALUE> 19,158,454
<RECEIVABLES> 200,904
<ASSETS-OTHER> 11,299
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 19,370,657
<PAYABLE-FOR-SECURITIES> 639,556
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 49,458
<TOTAL-LIABILITIES> 689,014
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18,389,124
<SHARES-COMMON-STOCK> 620,088
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (132,181)
<ACCUM-APPREC-OR-DEPREC> 424,700
<NET-ASSETS> 18,681,643
<DIVIDEND-INCOME> 71,634
<INTEREST-INCOME> 19,267
<OTHER-INCOME> 0
<EXPENSES-NET> 112,933
<NET-INVESTMENT-INCOME> (22,032)
<REALIZED-GAINS-CURRENT> (64,508)
<APPREC-INCREASE-CURRENT> 424,700
<NET-CHANGE-FROM-OPS> 338,160
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> (18,611)
<NUMBER-OF-SHARES-SOLD> 636,266
<NUMBER-OF-SHARES-REDEEMED> (18,181)
<SHARES-REINVESTED> 1,903
<NET-CHANGE-IN-ASSETS> 17,681,643
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 46,193
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 113,771
<AVERAGE-NET-ASSETS> 2,161,361
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (.03)
<PER-SHARE-GAIN-APPREC> .37
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.03)
<RETURNS-OF-CAPITAL> (.01)
<PER-SHARE-NAV-END> 10.30
<EXPENSE-RATIO> 1.39
[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>
Putnam Variable Trust Vista Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 386,060,219
<INVESTMENTS-AT-VALUE> 586,912,230
<RECEIVABLES> 2,920,562
<ASSETS-OTHER> 1,274,217
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 591,107,009
<PAYABLE-FOR-SECURITIES> 8,810,587
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,299,725
<TOTAL-LIABILITIES> 11,110,312
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 371,655,546
<SHARES-COMMON-STOCK> 26,235,102
<SHARES-COMMON-PRIOR> 21,162,504
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,233,147
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 201,108,004
<NET-ASSETS> 579,996,697
<DIVIDEND-INCOME> 1,171,798
<INTEREST-INCOME> 544,151
<OTHER-INCOME> 0
<EXPENSES-NET> 2,830,200
<NET-INVESTMENT-INCOME> (1,114,251)
<REALIZED-GAINS-CURRENT> 63,641,878
<APPREC-INCREASE-CURRENT> 125,371,848
<NET-CHANGE-FROM-OPS> 187,899,475
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (38,819,301)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,559,333
<NUMBER-OF-SHARES-REDEEMED> (1,585,037)
<SHARES-REINVESTED> (2,098,302)
<NET-CHANGE-IN-ASSETS> 267,532,958
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (14,140,280)
<GROSS-ADVISORY-FEES> 2,459,639
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,839,648
<AVERAGE-NET-ASSETS> 371,881,033
<PER-SHARE-NAV-BEGIN> 14.72
<PER-SHARE-NII> (.05)
<PER-SHARE-GAIN-APPREC> 7.64
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.63)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.68
<EXPENSE-RATIO> .75
[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>
Putnam Variable Trust Vista Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 386,060,219
<INVESTMENTS-AT-VALUE> 586,912,230
<RECEIVABLES> 2,920,562
<ASSETS-OTHER> 1,274,217
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 591,107,009
<PAYABLE-FOR-SECURITIES> 8,810,587
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,299,725
<TOTAL-LIABILITIES> 11,110,312
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 371,655,546
<SHARES-COMMON-STOCK> 1,816,003
<SHARES-COMMON-PRIOR> 57,810
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,233,147
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 201,108,004
<NET-ASSETS> 579,996,697
<DIVIDEND-INCOME> 1,171,798
<INTEREST-INCOME> 544,151
<OTHER-INCOME> 0
<EXPENSES-NET> 2,830,200
<NET-INVESTMENT-INCOME> (1,114,251)
<REALIZED-GAINS-CURRENT> 63,641,878
<APPREC-INCREASE-CURRENT> 125,371,848
<NET-CHANGE-FROM-OPS> 187,899,475
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (2,334,899)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,661,491
<NUMBER-OF-SHARES-REDEEMED> (26,236)
<SHARES-REINVESTED> 122,938
<NET-CHANGE-IN-ASSETS> 267,532,958
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (14,140,280)
<GROSS-ADVISORY-FEES> 2,459,639
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,839,648
<AVERAGE-NET-ASSETS> 6,884,893
<PER-SHARE-NAV-BEGIN> 14.73
<PER-SHARE-NII> (.07)
<PER-SHARE-GAIN-APPREC> 7.62
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.63)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.65
<EXPENSE-RATIO> .90
[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>
Putnam Variable Trust Money Market Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 859,308,221
<INVESTMENTS-AT-VALUE> 859,308,221
<RECEIVABLES> 8,205,043
<ASSETS-OTHER> 25,330
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 867,538,594
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,009,240
<TOTAL-LIABILITIES> 3,009,240
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 864,529,354
<SHARES-COMMON-STOCK> 823,013,332
<SHARES-COMMON-PRIOR> 595,158,086
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 864,529,354
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 38,925,460
<OTHER-INCOME> 0
<EXPENSES-NET> 3,656,374
<NET-INVESTMENT-INCOME> 35,269,086
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 35,269,086
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (34,493,642)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,617,558,345
<NUMBER-OF-SHARES-REDEEMED> (1,424,196,741)
<SHARES-REINVESTED> 34,493,642
<NET-CHANGE-IN-ASSETS> 256,183,321
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,048,110
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,656,796
<AVERAGE-NET-ASSETS> 722,439,875
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .048
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.048)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .49
[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>
Putnam Variable Trust Money Market Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 859,308,221
<INVESTMENTS-AT-VALUE> 859,308,221
<RECEIVABLES> 8,205,043
<ASSETS-OTHER> 25,330
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 867,538,594
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,009,240
<TOTAL-LIABILITIES> 3,009,240
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 864,529,354
<SHARES-COMMON-STOCK> 41,516,022
<SHARES-COMMON-PRIOR> 13,187,947
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 864,529,354
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 38,925,460
<OTHER-INCOME> 0
<EXPENSES-NET> 3,656,374
<NET-INVESTMENT-INCOME> 35,269,086
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 35,269,086
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (775,444)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 251,413,542
<NUMBER-OF-SHARES-REDEEMED> (223,860,911)
<SHARES-REINVESTED> 775,444
<NET-CHANGE-IN-ASSETS> 256,183,321
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,048,110
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,656,796
<AVERAGE-NET-ASSETS> 16,663,875
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .046
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.046)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .64
[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>
Putnam Variable Trust Utilities Growth and Income Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 784,358,975
<INVESTMENTS-AT-VALUE> 953,865,497
<RECEIVABLES> 11,907,988
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 965,773,485
<PAYABLE-FOR-SECURITIES> 6,512,030
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,343,640
<TOTAL-LIABILITIES> 8,855,670
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 704,564,630
<SHARES-COMMON-STOCK> 55,726,631
<SHARES-COMMON-PRIOR> 55,812,807
<ACCUMULATED-NII-CURRENT> 30,117,051
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 52,717,049
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 169,519,085
<NET-ASSETS> 956,917,815
<DIVIDEND-INCOME> 30,654,354
<INTEREST-INCOME> 6,792,017
<OTHER-INCOME> 0
<EXPENSES-NET> 7,149,668
<NET-INVESTMENT-INCOME> 30,296,703
<REALIZED-GAINS-CURRENT> 53,025,246
<APPREC-INCREASE-CURRENT> (89,551,656)
<NET-CHANGE-FROM-OPS> (6,229,707)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (28,075,188)
<DISTRIBUTIONS-OF-GAINS> (29,484,585)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,859,051
<NUMBER-OF-SHARES-REDEEMED> (5,599,815)
<SHARES-REINVESTED> 3,654,588
<NET-CHANGE-IN-ASSETS> (60,208,226)
<ACCUMULATED-NII-PRIOR> 28,000,418
<ACCUMULATED-GAINS-PRIOR> 29,013,180
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,510,389
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,154,759
<AVERAGE-NET-ASSETS> 997,512,317
<PER-SHARE-NAV-BEGIN> 18.19
<PER-SHARE-NII> .52
<PER-SHARE-GAIN-APPREC> (.72)
<PER-SHARE-DIVIDEND> (.50)
<PER-SHARE-DISTRIBUTIONS> (.52)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.97
<EXPENSE-RATIO> .71
[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>
Putnam Variable Trust Utilities Growth and Income Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 784,358,975
<INVESTMENTS-AT-VALUE> 953,865,497
<RECEIVABLES> 11,907,988
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 965,773,485
<PAYABLE-FOR-SECURITIES> 6,512,030
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,343,640
<TOTAL-LIABILITIES> 8,855,670
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 704,564,630
<SHARES-COMMON-STOCK> 668,918
<SHARES-COMMON-PRIOR> 98,901
<ACCUMULATED-NII-CURRENT> 30,117,051
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 52,717,049
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 169,519,085
<NET-ASSETS> 956,917,815
<DIVIDEND-INCOME> 30,654,354
<INTEREST-INCOME> 6,792,017
<OTHER-INCOME> 0
<EXPENSES-NET> 7,149,668
<NET-INVESTMENT-INCOME> 30,296,703
<REALIZED-GAINS-CURRENT> 53,025,246
<APPREC-INCREASE-CURRENT> (89,551,656)
<NET-CHANGE-FROM-OPS> (6,229,707)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (76,882)
<DISTRIBUTIONS-OF-GAINS> (81,067)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 599,025
<NUMBER-OF-SHARES-REDEEMED> (39,037)
<SHARES-REINVESTED> 10,029
<NET-CHANGE-IN-ASSETS> (60,208,226)
<ACCUMULATED-NII-PRIOR> 28,000,418
<ACCUMULATED-GAINS-PRIOR> 29,013,180
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,510,389
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,154,759
<AVERAGE-NET-ASSETS> 5,044,527
<PER-SHARE-NAV-BEGIN> 18.19
<PER-SHARE-NII> .47
<PER-SHARE-GAIN-APPREC> (.69)
<PER-SHARE-DIVIDEND> (.50)
<PER-SHARE-DISTRIBUTIONS> (.52)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.95
<EXPENSE-RATIO> .86
[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>
Putnam Variable Trust OTC & EMERGING GROWTH FUND
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 155,355,343
<INVESTMENTS-AT-VALUE> 244,159,777
<RECEIVABLES> 2,141,276
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 246,301,053
<PAYABLE-FOR-SECURITIES> 14,579,758
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 286,192
<TOTAL-LIABILITIES> 14,865,950
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 138,840,380
<SHARES-COMMON-STOCK> 9,082,849
<SHARES-COMMON-PRIOR> 2,781,247
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,790,271
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 88,804,452
<NET-ASSETS> 231,435,103
<DIVIDEND-INCOME> 2,098
<INTEREST-INCOME> 233,743
<OTHER-INCOME> 0
<EXPENSES-NET> 624,115
<NET-INVESTMENT-INCOME> (388,274)
<REALIZED-GAINS-CURRENT> 7,457,959
<APPREC-INCREASE-CURRENT> 82,931,192
<NET-CHANGE-FROM-OPS> 90,000,897
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (500,533)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,308,097
<NUMBER-OF-SHARES-REDEEMED> (3,030,664)
<SHARES-REINVESTED> 24,169
<NET-CHANGE-IN-ASSETS> 202,835,124
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (2,732,544)
<GROSS-ADVISORY-FEES> 483,385
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 627,654
<AVERAGE-NET-ASSETS> 64,897,621
<PER-SHARE-NAV-BEGIN> 10.09
<PER-SHARE-NII> (.08)
<PER-SHARE-GAIN-APPREC> 12.84
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.06)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 22.79
<EXPENSE-RATIO> .90
[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>
Putnam Variable Trust OTC & EMERGING GROWTH FUND
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 155,355,343
<INVESTMENTS-AT-VALUE> 244,159,777
<RECEIVABLES> 2,141,276
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 246,301,053
<PAYABLE-FOR-SECURITIES> 14,579,758
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 286,192
<TOTAL-LIABILITIES> 14,865,950
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 138,840,380
<SHARES-COMMON-STOCK> 1,073,536
<SHARES-COMMON-PRIOR> 53,638
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,790,271
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 88,804,452
<NET-ASSETS> 231,435,103
<DIVIDEND-INCOME> 2,098
<INTEREST-INCOME> 233,743
<OTHER-INCOME> 0
<EXPENSES-NET> 624,115
<NET-INVESTMENT-INCOME> (388,274)
<REALIZED-GAINS-CURRENT> 7,457,959
<APPREC-INCREASE-CURRENT> 82,931,192
<NET-CHANGE-FROM-OPS> 90,000,897
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (50,324)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,315,200
<NUMBER-OF-SHARES-REDEEMED> (297,737)
<SHARES-REINVESTED> 2,435
<NET-CHANGE-IN-ASSETS> 202,835,124
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (2,732,544)
<GROSS-ADVISORY-FEES> 483,385
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 627,654
<AVERAGE-NET-ASSETS> 4,157,405
<PER-SHARE-NAV-BEGIN> 10.08
<PER-SHARE-NII> (.10)
<PER-SHARE-GAIN-APPREC> 12.84
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.06)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 22.76
<EXPENSE-RATIO> 1.05
[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>
Putnam Variable Trust The George Putnam Fund of Boston
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 319,699,901
<INVESTMENTS-AT-VALUE> 315,996,750
<RECEIVABLES> 2,942,492
<ASSETS-OTHER> 652,025
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 319,591,267
<PAYABLE-FOR-SECURITIES> 3,933,104
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 538,938
<TOTAL-LIABILITIES> 4,472,042
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 323,565,983
<SHARES-COMMON-STOCK> 27,714,129
<SHARES-COMMON-PRIOR> 11,013,542
<ACCUMULATED-NII-CURRENT> 9,057
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (4,752,664)
<ACCUM-APPREC-OR-DEPREC> (3,703,151)
<NET-ASSETS> 315,119,225
<DIVIDEND-INCOME> 2,886,756
<INTEREST-INCOME> 5,875,262
<OTHER-INCOME> 0
<EXPENSES-NET> 1,875,128
<NET-INVESTMENT-INCOME> 6,886,890
<REALIZED-GAINS-CURRENT> (4,313,035)
<APPREC-INCREASE-CURRENT> (8,628,292)
<NET-CHANGE-FROM-OPS> (6,054,437)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,104,192)
<DISTRIBUTIONS-OF-GAINS> (358,545)
<DISTRIBUTIONS-OTHER> (331,172)
<NUMBER-OF-SHARES-SOLD> 17,677,099
<NUMBER-OF-SHARES-REDEEMED> (1,664,296)
<SHARES-REINVESTED> 687,784
<NET-CHANGE-IN-ASSETS> 199,992,869
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (44,081)
<OVERDIST-NET-GAINS-PRIOR> (15,829)
<GROSS-ADVISORY-FEES> 1,472,017
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,904,069
<AVERAGE-NET-ASSETS> 213,357,423
<PER-SHARE-NAV-BEGIN> 10.28
<PER-SHARE-NII> .32
<PER-SHARE-GAIN-APPREC> (.36)
<PER-SHARE-DIVIDEND> (.23)
<PER-SHARE-DISTRIBUTIONS> (.02)
<RETURNS-OF-CAPITAL> (.01)
<PER-SHARE-NAV-END> 9.98
<EXPENSE-RATIO> .83
[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>
Putnam Variable Trust The George Putnam Fund of Boston
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 319,699,901
<INVESTMENTS-AT-VALUE> 315,996,750
<RECEIVABLES> 2,942,492
<ASSETS-OTHER> 652,025
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 319,591,267
<PAYABLE-FOR-SECURITIES> 3,933,104
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 538,938
<TOTAL-LIABILITIES> 4,472,042
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 323,565,983
<SHARES-COMMON-STOCK> 3,865,893
<SHARES-COMMON-PRIOR> 187,141
<ACCUMULATED-NII-CURRENT> 9,057
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (4,752,664)
<ACCUM-APPREC-OR-DEPREC> (3,703,151)
<NET-ASSETS> 315,119,225
<DIVIDEND-INCOME> 2,886,756
<INTEREST-INCOME> 5,875,262
<OTHER-INCOME> 0
<EXPENSES-NET> 1,875,128
<NET-INVESTMENT-INCOME> 6,886,890
<REALIZED-GAINS-CURRENT> (4,313,035)
<APPREC-INCREASE-CURRENT> (8,628,292)
<NET-CHANGE-FROM-OPS> (6,054,437)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (773,218)
<DISTRIBUTIONS-OF-GAINS> (20,722)
<DISTRIBUTIONS-OTHER> (41,950)
<NUMBER-OF-SHARES-SOLD> 3,683,758
<NUMBER-OF-SHARES-REDEEMED> (89,747)
<SHARES-REINVESTED> 84,741
<NET-CHANGE-IN-ASSETS> 199,992,869
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (44,081)
<OVERDIST-NET-GAINS-PRIOR> (15,829)
<GROSS-ADVISORY-FEES> 1,472,017
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,904,069
<AVERAGE-NET-ASSETS> 13,499,715
<PER-SHARE-NAV-BEGIN> 10.28
<PER-SHARE-NII> .30
<PER-SHARE-GAIN-APPREC> (.34)
<PER-SHARE-DIVIDEND> (.23)
<PER-SHARE-DISTRIBUTIONS> (.02)
<RETURNS-OF-CAPITAL> (.01)
<PER-SHARE-NAV-END> 9.98
<EXPENSE-RATIO> .98
[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>
Putnam Variable Trust Asia Pacific Growth Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 157,460,534
<INVESTMENTS-AT-VALUE> 259,650,232
<RECEIVABLES> 2,669,027
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,816,638
<TOTAL-ASSETS> 264,135,897
<PAYABLE-FOR-SECURITIES> 5,780,414
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 504,307
<TOTAL-LIABILITIES> 6,284,721
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 158,199,662
<SHARES-COMMON-STOCK> 14,520,268
<SHARES-COMMON-PRIOR> 10,883,238
<ACCUMULATED-NII-CURRENT> 976,693
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (3,524,699)
<ACCUM-APPREC-OR-DEPREC> 102,199,520
<NET-ASSETS> 257,851,176
<DIVIDEND-INCOME> 1,291,128
<INTEREST-INCOME> 157,512
<OTHER-INCOME> 0
<EXPENSES-NET> 1,586,584
<NET-INVESTMENT-INCOME> (137,944)
<REALIZED-GAINS-CURRENT> 34,416,391
<APPREC-INCREASE-CURRENT> 90,282,283
<NET-CHANGE-FROM-OPS> 124,560,730
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 27,579,721
<NUMBER-OF-SHARES-REDEEMED> (23,942,691)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 167,073,159
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 12,294
<OVERDIST-NET-GAINS-PRIOR> (36,821,470)
<GROSS-ADVISORY-FEES> 1,137,746
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,606,344
<AVERAGE-NET-ASSETS> 141,101,485
<PER-SHARE-NAV-BEGIN> 8.33
<PER-SHARE-NII> (.01)
<PER-SHARE-GAIN-APPREC> 8.97
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.29
<EXPENSE-RATIO> 1.13
[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>
Putnam Variable Trust Asia Pacific Growth Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 157,460,534
<INVESTMENTS-AT-VALUE> 259,650,232
<RECEIVABLES> 2,669,027
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,816,638
<TOTAL-ASSETS> 264,135,897
<PAYABLE-FOR-SECURITIES> 5,780,414
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 504,307
<TOTAL-LIABILITIES> 6,284,721
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 158,199,662
<SHARES-COMMON-STOCK> 398,073
<SHARES-COMMON-PRIOR> 13,353
<ACCUMULATED-NII-CURRENT> 976,693
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (3,524,699)
<ACCUM-APPREC-OR-DEPREC> 102,199,520
<NET-ASSETS> 257,851,176
<DIVIDEND-INCOME> 1,291,128
<INTEREST-INCOME> 157,512
<OTHER-INCOME> 0
<EXPENSES-NET> 1,586,584
<NET-INVESTMENT-INCOME> (137,944)
<REALIZED-GAINS-CURRENT> 34,416,391
<APPREC-INCREASE-CURRENT> 90,282,283
<NET-CHANGE-FROM-OPS> 124,560,730
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,928,954
<NUMBER-OF-SHARES-REDEEMED> (4,544,234)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 167,073,159
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 12,294
<OVERDIST-NET-GAINS-PRIOR> (36,821,470)
<GROSS-ADVISORY-FEES> 1,137,746
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,606,344
<AVERAGE-NET-ASSETS> 1,478,745
<PER-SHARE-NAV-BEGIN> 8.33
<PER-SHARE-NII> (.08)
<PER-SHARE-GAIN-APPREC> 9.00
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.25
<EXPENSE-RATIO> 1.28
[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>
Putnam Variable Trust International New Opportunities Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 212,193,692
<INVESTMENTS-AT-VALUE> 366,346,087
<RECEIVABLES> 8,183,355
<ASSETS-OTHER> 509,355
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 375,038,797
<PAYABLE-FOR-SECURITIES> 8,949,728
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,553,469
<TOTAL-LIABILITIES> 10,503,197
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 188,910,230
<SHARES-COMMON-STOCK> 14,200,909
<SHARES-COMMON-PRIOR> 11,788,244
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (9,810)
<ACCUMULATED-NET-GAINS> 22,260,195
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 153,374,985
<NET-ASSETS> 364,535,600
<DIVIDEND-INCOME> 1,564,789
<INTEREST-INCOME> 278,777
<OTHER-INCOME> 0
<EXPENSES-NET> 2,520,109
<NET-INVESTMENT-INCOME> (676,543)
<REALIZED-GAINS-CURRENT> 36,882,184
<APPREC-INCREASE-CURRENT> 127,364,978
<NET-CHANGE-FROM-OPS> 163,570,619
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (57,846)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19,756,966
<NUMBER-OF-SHARES-REDEEMED> (17,348,973)
<SHARES-REINVESTED> 4,672
<NET-CHANGE-IN-ASSETS> 228,999,476
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (233,349)
<OVERDIST-NET-GAINS-PRIOR> (13,837,772)
<GROSS-ADVISORY-FEES> 1,927,272
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,536,832
<AVERAGE-NET-ASSETS> 174,399,519
<PER-SHARE-NAV-BEGIN> 11.49
<PER-SHARE-NII> (.05)
<PER-SHARE-GAIN-APPREC> 11.88
<PER-SHARE-DIVIDEND> (.01)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.31
<EXPENSE-RATIO> 1.41
[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>
Putnam Variable Trust International New Opportunities Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 212,193,692
<INVESTMENTS-AT-VALUE> 366,346,087
<RECEIVABLES> 8,183,355
<ASSETS-OTHER> 509,355
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 375,038,797
<PAYABLE-FOR-SECURITIES> 8,949,728
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,553,469
<TOTAL-LIABILITIES> 10,503,197
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 188,910,230
<SHARES-COMMON-STOCK> 1,441,566
<SHARES-COMMON-PRIOR> 7,405
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (9,810)
<ACCUMULATED-NET-GAINS> 22,260,195
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 153,374,985
<NET-ASSETS> 364,535,600
<DIVIDEND-INCOME> 1,564,789
<INTEREST-INCOME> 278,777
<OTHER-INCOME> 0
<EXPENSES-NET> 2,520,109
<NET-INVESTMENT-INCOME> (676,543)
<REALIZED-GAINS-CURRENT> 36,882,184
<APPREC-INCREASE-CURRENT> 127,364,978
<NET-CHANGE-FROM-OPS> 163,570,619
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,028,770
<NUMBER-OF-SHARES-REDEEMED> (4,594,610)
<SHARES-REINVESTED> 1
<NET-CHANGE-IN-ASSETS> 228,999,476
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (233,349)
<OVERDIST-NET-GAINS-PRIOR> (13,837,772)
<GROSS-ADVISORY-FEES> 1,927,272
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,536,832
<AVERAGE-NET-ASSETS> 4,434,913
<PER-SHARE-NAV-BEGIN> 11.48
<PER-SHARE-NII> (.16)
<PER-SHARE-GAIN-APPREC> 11.96
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.28
<EXPENSE-RATIO> 1.56
[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>
Putnam Variable Trust Income Fund
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 1,003,959,362
<INVESTMENTS-AT-VALUE> 957,903,438
<RECEIVABLES> 14,943,716
<ASSETS-OTHER> 4,669,337
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 977,516,491
<PAYABLE-FOR-SECURITIES> 19,161,341
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,438,916
<TOTAL-LIABILITIES> 23,600,257
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 956,829,114
<SHARES-COMMON-STOCK> 74,715,188
<SHARES-COMMON-PRIOR> 72,869,819
<ACCUMULATED-NII-CURRENT> 59,543,667
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (16,220,533)
<ACCUM-APPREC-OR-DEPREC> (46,236,014)
<NET-ASSETS> 953,916,234
<DIVIDEND-INCOME> 162,865
<INTEREST-INCOME> 67,776,424
<OTHER-INCOME> 0
<EXPENSES-NET> 6,650,284
<NET-INVESTMENT-INCOME> 61,289,005
<REALIZED-GAINS-CURRENT> (14,300,538)
<APPREC-INCREASE-CURRENT> (67,511,223)
<NET-CHANGE-FROM-OPS> (20,522,756)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (55,304,022)
<DISTRIBUTIONS-OF-GAINS> (15,808,532)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,176,064
<NUMBER-OF-SHARES-REDEEMED> (10,925,703)
<SHARES-REINVESTED> 5,595,008
<NET-CHANGE-IN-ASSETS> (48,532,706)
<ACCUMULATED-NII-PRIOR> 52,744,212
<ACCUMULATED-GAINS-PRIOR> 15,682,940
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,048,200
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,767,050
<AVERAGE-NET-ASSETS> 1,002,152,002
<PER-SHARE-NAV-BEGIN> 13.73
<PER-SHARE-NII> 0.78
<PER-SHARE-GAIN-APPREC> (1.05)
<PER-SHARE-DIVIDEND> (.73)
<PER-SHARE-DISTRIBUTIONS> (.21)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.52
<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>
Putnam Variable Trust Income Fund
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 1,003,959,362
<INVESTMENTS-AT-VALUE> 957,903,438
<RECEIVABLES> 14,943,716
<ASSETS-OTHER> 4,669,337
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 977,516,491
<PAYABLE-FOR-SECURITIES> 19,161,341
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,438,916
<TOTAL-LIABILITIES> 23,600,257
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 956,829,114
<SHARES-COMMON-STOCK> 1,447,850
<SHARES-COMMON-PRIOR> 166,693
<ACCUMULATED-NII-CURRENT> 59,543,667
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (16,220,533)
<ACCUM-APPREC-OR-DEPREC> (46,236,014)
<NET-ASSETS> 953,916,234
<DIVIDEND-INCOME> 162,865
<INTEREST-INCOME> 67,776,424
<OTHER-INCOME> 0
<EXPENSES-NET> 6,650,284
<NET-INVESTMENT-INCOME> 61,289,005
<REALIZED-GAINS-CURRENT> (14,300,538)
<APPREC-INCREASE-CURRENT> (67,511,223)
<NET-CHANGE-FROM-OPS> (20,522,756)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (243,387)
<DISTRIBUTIONS-OF-GAINS> (69,762)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,416,617
<NUMBER-OF-SHARES-REDEEMED> (160,098)
<SHARES-REINVESTED> 24,638
<NET-CHANGE-IN-ASSETS> (48,532,706)
<ACCUMULATED-NII-PRIOR> 52,744,212
<ACCUMULATED-GAINS-PRIOR> 15,682,940
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,048,200
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,767,050
<AVERAGE-NET-ASSETS> 7,843,090
<PER-SHARE-NAV-BEGIN> 13.73
<PER-SHARE-NII> 0.76
<PER-SHARE-GAIN-APPREC> (1.04)
<PER-SHARE-DIVIDEND> (.73)
<PER-SHARE-DISTRIBUTIONS> (.21)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.51
<EXPENSE-RATIO> 0.82
[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>
Putnam Variable Trust Voyager Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 5,269,106,190
<INVESTMENTS-AT-VALUE> 9,269,275,217
<RECEIVABLES> 46,858,865
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,316,134,082
<PAYABLE-FOR-SECURITIES> 11,698,358
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 18,349,637
<TOTAL-LIABILITIES> 30,047,995
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,091,985,639
<SHARES-COMMON-STOCK> 137,816,490
<SHARES-COMMON-PRIOR> 126,573,538
<ACCUMULATED-NII-CURRENT> 2,868,109
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,191,249,369
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,999,982,970
<NET-ASSETS> 9,286,086,087
<DIVIDEND-INCOME> 32,649,310
<INTEREST-INCOME> 8,313,558
<OTHER-INCOME> 0
<EXPENSES-NET> 37,572,081
<NET-INVESTMENT-INCOME> 3,390,787
<REALIZED-GAINS-CURRENT> 1,215,990,475
<APPREC-INCREASE-CURRENT> 2,179,685,883
<NET-CHANGE-FROM-OPS> 3,399,067,145
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,563,907)
<DISTRIBUTIONS-OF-GAINS> (526,374,820)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,078,671
<NUMBER-OF-SHARES-REDEEMED> (7,828,029)
<SHARES-REINVESTED> 11,992,310
<NET-CHANGE-IN-ASSETS> 3,478,680,681
<ACCUMULATED-NII-PRIOR> 6,388,437
<ACCUMULATED-GAINS-PRIOR> 502,080,922
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 34,843,021
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 38,137,802
<AVERAGE-NET-ASSETS> 6,584,176,395
<PER-SHARE-NAV-BEGIN> 45.85
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 24.59
<PER-SHARE-DIVIDEND> (.05)
<PER-SHARE-DISTRIBUTIONS> (4.17)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 66.25
<EXPENSE-RATIO> .57
[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>
Putnam Variable Trust Voyager Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 5,269,106,190
<INVESTMENTS-AT-VALUE> 9,269,275,217
<RECEIVABLES> 46,858,865
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,316,134,082
<PAYABLE-FOR-SECURITIES> 11,698,358
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 18,349,637
<TOTAL-LIABILITIES> 30,047,995
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,091,985,639
<SHARES-COMMON-STOCK> 2,357,878
<SHARES-COMMON-PRIOR> 94,559
<ACCUMULATED-NII-CURRENT> 2,868,109
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,191,249,369
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,999,982,970
<NET-ASSETS> 9,286,086,087
<DIVIDEND-INCOME> 32,649,310
<INTEREST-INCOME> 8,313,558
<OTHER-INCOME> 0
<EXPENSES-NET> 37,572,081
<NET-INVESTMENT-INCOME> 3,390,787
<REALIZED-GAINS-CURRENT> 1,215,990,475
<APPREC-INCREASE-CURRENT> 2,179,685,883
<NET-CHANGE-FROM-OPS> 3,399,067,145
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,482)
<DISTRIBUTIONS-OF-GAINS> (786,010)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,287,920
<NUMBER-OF-SHARES-REDEEMED> (42,495)
<SHARES-REINVESTED> 17,894
<NET-CHANGE-IN-ASSETS> 3,478,680,681
<ACCUMULATED-NII-PRIOR> 6,388,437
<ACCUMULATED-GAINS-PRIOR> 502,080,922
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 34,843,021
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 38,137,802
<AVERAGE-NET-ASSETS> 39,628,288
<PER-SHARE-NAV-BEGIN> 45.81
<PER-SHARE-NII> (.10)
<PER-SHARE-GAIN-APPREC> 24.62
<PER-SHARE-DIVIDEND> (.05)
<PER-SHARE-DISTRIBUTIONS> (4.17)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 66.11
<EXPENSE-RATIO> .72
[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>
Putnam Variable Trust Global Growth Fund
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 1,976,766,443
<INVESTMENTS-AT-VALUE> 3,113,695,346
<RECEIVABLES> 18,467,497
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 465,442
<TOTAL-ASSETS> 3,132,628,285
<PAYABLE-FOR-SECURITIES> 1,683,156
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11,963,405
<TOTAL-LIABILITIES> 13,646,561
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,490,279,154
<SHARES-COMMON-STOCK> 101,353,541
<SHARES-COMMON-PRIOR> 98,005,512
<ACCUMULATED-NII-CURRENT> 2,461,477
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 489,315,021
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,136,926,072
<NET-ASSETS> 3,118,981,724
<DIVIDEND-INCOME> 12,832,316
<INTEREST-INCOME> 925,635
<OTHER-INCOME> 0
<EXPENSES-NET> 15,652,712
<NET-INVESTMENT-INCOME> (1,894,761)
<REALIZED-GAINS-CURRENT> 502,750,828
<APPREC-INCREASE-CURRENT> 735,610,133
<NET-CHANGE-FROM-OPS> 1,236,466,200
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,217,030)
<DISTRIBUTIONS-OF-GAINS> (171,107,573)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,230,668
<NUMBER-OF-SHARES-REDEEMED> (10,305,897)
<SHARES-REINVESTED> 9,423,258
<NET-CHANGE-IN-ASSETS> 1,131,064,272
<ACCUMULATED-NII-PRIOR> 7,163,966
<ACCUMULATED-GAINS-PRIOR> 163,271,934
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 13,249,535
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 15,864,370
<AVERAGE-NET-ASSETS> 2,154,936,631
<PER-SHARE-NAV-BEGIN> 20.28
<PER-SHARE-NII> (.02)
<PER-SHARE-GAIN-APPREC> 12.09
<PER-SHARE-DIVIDEND> (.09)
<PER-SHARE-DISTRIBUTIONS> (1.77)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 30.49
<EXPENSE-RATIO> .73
[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>
Putnam Variable Trust Global Growth Fund
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 1,976,766,443
<INVESTMENTS-AT-VALUE> 3,113,695,346
<RECEIVABLES> 18,467,497
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 465,442
<TOTAL-ASSETS> 3,132,628,285
<PAYABLE-FOR-SECURITIES> 1,683,156
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11,963,405
<TOTAL-LIABILITIES> 13,646,561
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,490,279,154
<SHARES-COMMON-STOCK> 101,353,541
<SHARES-COMMON-PRIOR> 98,005,512
<ACCUMULATED-NII-CURRENT> 2,461,477
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 489,315,021
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,136,926,072
<NET-ASSETS> 3,118,981,724
<DIVIDEND-INCOME> 12,832,316
<INTEREST-INCOME> 925,635
<OTHER-INCOME> 0
<EXPENSES-NET> 15,652,712
<NET-INVESTMENT-INCOME> (1,894,761)
<REALIZED-GAINS-CURRENT> 502,750,828
<APPREC-INCREASE-CURRENT> 735,610,133
<NET-CHANGE-FROM-OPS> 1,236,466,200
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,217,030)
<DISTRIBUTIONS-OF-GAINS> (171,107,573)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,230,668
<NUMBER-OF-SHARES-REDEEMED> (10,305,897)
<SHARES-REINVESTED> 9,423,258
<NET-CHANGE-IN-ASSETS> 1,131,064,272
<ACCUMULATED-NII-PRIOR> 7,163,966
<ACCUMULATED-GAINS-PRIOR> 163,271,934
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 13,249,535
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 15,864,370
<AVERAGE-NET-ASSETS> 2,154,936,631
<PER-SHARE-NAV-BEGIN> 20.28
<PER-SHARE-NII> (.02)
<PER-SHARE-GAIN-APPREC> 12.09
<PER-SHARE-DIVIDEND> (.09)
<PER-SHARE-DISTRIBUTIONS> (1.77)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 30.49
<EXPENSE-RATIO> .73
[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>
Putnam Variable Trust Growth and Income Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 8,705,420,277
<INVESTMENTS-AT-VALUE> 9,729,183,445
<RECEIVABLES> 56,026,454
<ASSETS-OTHER> 23,300
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,785,233,199
<PAYABLE-FOR-SECURITIES> 39,311,199
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 16,732,800
<TOTAL-LIABILITIES> 56,043,999
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,793,019,122
<SHARES-COMMON-STOCK> 356,955,975
<SHARES-COMMON-PRIOR> 345,731,715
<ACCUMULATED-NII-CURRENT> 169,485,458
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 741,948,318
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,024,736,302
<NET-ASSETS> 9,729,189,200
<DIVIDEND-INCOME> 211,412,178
<INTEREST-INCOME> 9,404,032
<OTHER-INCOME> 0
<EXPENSES-NET> 50,290,588
<NET-INVESTMENT-INCOME> 170,525,622
<REALIZED-GAINS-CURRENT> 801,627,738
<APPREC-INCREASE-CURRENT> (813,641,826)
<NET-CHANGE-FROM-OPS> 158,511,534
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (140,251,765)
<DISTRIBUTIONS-OF-GAINS> (699,887,168)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,877,191
<NUMBER-OF-SHARES-REDEEMED> (25,700,198)
<SHARES-REINVESTED> 31,047,267
<NET-CHANGE-IN-ASSETS> (226,780,121)
<ACCUMULATED-NII-PRIOR> 139,548,823
<ACCUMULATED-GAINS-PRIOR> 641,667,817
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 47,064,877
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 51,328,669
<AVERAGE-NET-ASSETS> 10,226,811,440
<PER-SHARE-NAV-BEGIN> 28.77
<PER-SHARE-NII> .47
<PER-SHARE-GAIN-APPREC> .01
<PER-SHARE-DIVIDEND> (.41)
<PER-SHARE-DISTRIBUTIONS> (2.04)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 26.80
<EXPENSE-RATIO> .50
[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>
Putnam Variable Trust Growth and Income Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 8,705,420,277
<INVESTMENTS-AT-VALUE> 9,729,183,445
<RECEIVABLES> 56,026,454
<ASSETS-OTHER> 23,300
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,785,233,199
<PAYABLE-FOR-SECURITIES> 39,311,199
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 16,732,800
<TOTAL-LIABILITIES> 56,043,999
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,793,019,122
<SHARES-COMMON-STOCK> 6,060,822
<SHARES-COMMON-PRIOR> 263,744
<ACCUMULATED-NII-CURRENT> 169,485,458
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 741,948,318
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,024,736,302
<NET-ASSETS> 9,729,189,200
<DIVIDEND-INCOME> 211,412,178
<INTEREST-INCOME> 9,404,032
<OTHER-INCOME> 0
<EXPENSES-NET> 50,290,588
<NET-INVESTMENT-INCOME> 170,525,622
<REALIZED-GAINS-CURRENT> 801,627,738
<APPREC-INCREASE-CURRENT> (813,641,826)
<NET-CHANGE-FROM-OPS> 158,511,534
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (202,648)
<DISTRIBUTIONS-OF-GAINS> (1,021,247)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,821,770
<NUMBER-OF-SHARES-REDEEMED> (69,970)
<SHARES-REINVESTED> 45,278
<NET-CHANGE-IN-ASSETS> (226,780,121)
<ACCUMULATED-NII-PRIOR> 139,548,823
<ACCUMULATED-GAINS-PRIOR> 641,667,817
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 47,064,877
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 51,328,669
<AVERAGE-NET-ASSETS> 54,092,205
<PER-SHARE-NAV-BEGIN> 28.75
<PER-SHARE-NII> .41
<PER-SHARE-GAIN-APPREC> .04
<PER-SHARE-DIVIDEND> (.41)
<PER-SHARE-DISTRIBUTIONS> (2.04)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 26.75
<EXPENSE-RATIO> .65
[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>
Putnam Variable Trust High Yield Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> Dec-31-1999
<PERIOD-END> Ded-31-1999
<INVESTMENTS-AT-COST> 1,068,302,617
<INVESTMENTS-AT-VALUE> 966,022,615
<RECEIVABLES> 20,594,530
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 986,617,145
<PAYABLE-FOR-SECURITIES> 1,257,996
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,122,935
<TOTAL-LIABILITIES> 4,380,931
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,061,222,737
<SHARES-COMMON-STOCK> 86,979,773
<SHARES-COMMON-PRIOR> 88,260,675
<ACCUMULATED-NII-CURRENT> 103,224,362
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (79,930,883)
<ACCUM-APPREC-OR-DEPREC> (102,280,002)
<NET-ASSETS> 982,236,214
<DIVIDEND-INCOME> 7,697,307
<INTEREST-INCOME> 103,454,833
<OTHER-INCOME> 0
<EXPENSES-NET> 7,320,212
<NET-INVESTMENT-INCOME> 103,831,928
<REALIZED-GAINS-CURRENT> (60,648,127)
<APPREC-INCREASE-CURRENT> 14,876,985
<NET-CHANGE-FROM-OPS> 58,060,786
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (109,086,026)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,667,206
<NUMBER-OF-SHARES-REDEEMED> (21,095,645)
<SHARES-REINVESTED> 10,147,537
<NET-CHANGE-IN-ASSETS> (52,495,039)
<ACCUMULATED-NII-PRIOR> 110,935,694
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (19,501,164)
<GROSS-ADVISORY-FEES> 6,608,763
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,359,174
<AVERAGE-NET-ASSETS> 1,012,643,598
<PER-SHARE-NAV-BEGIN> 11.70
<PER-SHARE-NII> 1.13
<PER-SHARE-GAIN-APPREC> (.48)
<PER-SHARE-DIVIDEND> (1.26)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.09
<EXPENSE-RATIO> 0.72
[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>
Putnam Variable Trust High Yield Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> Dec-31-1999
<PERIOD-END> Ded-31-1999
<INVESTMENTS-AT-COST> 1,068,302,617
<INVESTMENTS-AT-VALUE> 966,022,615
<RECEIVABLES> 20,594,530
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 986,617,145
<PAYABLE-FOR-SECURITIES> 1,257,996
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,122,935
<TOTAL-LIABILITIES> 4,380,931
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,061,222,737
<SHARES-COMMON-STOCK> 1,592,259
<SHARES-COMMON-PRIOR> 157,186
<ACCUMULATED-NII-CURRENT> 103,224,362
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (79,930,883)
<ACCUM-APPREC-OR-DEPREC> (102,280,002)
<NET-ASSETS> 982,236,214
<DIVIDEND-INCOME> 7,697,307
<INTEREST-INCOME> 103,454,833
<OTHER-INCOME> 0
<EXPENSES-NET> 7,320,212
<NET-INVESTMENT-INCOME> 103,831,928
<REALIZED-GAINS-CURRENT> (60,648,127)
<APPREC-INCREASE-CURRENT> 14,876,985
<NET-CHANGE-FROM-OPS> 58,060,786
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (431,138)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,637,292
<NUMBER-OF-SHARES-REDEEMED> (242,324)
<SHARES-REINVESTED> 40,105
<NET-CHANGE-IN-ASSETS> (52,495,039)
<ACCUMULATED-NII-PRIOR> 110,935,694
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (19,501,164)
<GROSS-ADVISORY-FEES> 6,608,763
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,359,174
<AVERAGE-NET-ASSETS> 7,442,819
<PER-SHARE-NAV-BEGIN> 11.70
<PER-SHARE-NII> 1.11
<PER-SHARE-GAIN-APPREC> (.47)
<PER-SHARE-DIVIDEND> (1.26)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.08
<EXPENSE-RATIO> 0.87
[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>
Putnam Variable Trust International Growth and Income Fund
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 354,883,351
<INVESTMENTS-AT-VALUE> 397,674,935
<RECEIVABLES> 4,010,298
<ASSETS-OTHER> 367,696
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 402,052,929
<PAYABLE-FOR-SECURITIES> 2,986,393
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 910,246
<TOTAL-LIABILITIES> 3,896,639
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 302,651,494
<SHARES-COMMON-STOCK> 25,410,766
<SHARES-COMMON-PRIOR> 24,912,249
<ACCUMULATED-NII-CURRENT> 12,686,597
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 39,750,491
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 43,067,708
<NET-ASSETS> 398,156,290
<DIVIDEND-INCOME> 8,033,274
<INTEREST-INCOME> 504,370
<OTHER-INCOME> 0
<EXPENSES-NET> 3,362,802
<NET-INVESTMENT-INCOME> 5,174,842
<REALIZED-GAINS-CURRENT> 49,984,891
<APPREC-INCREASE-CURRENT> 22,351,343
<NET-CHANGE-FROM-OPS> 77,511,076
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 22,663,944
<NUMBER-OF-SHARES-REDEEMED> (22,165,427)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 92,183,488
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (654,990)
<OVERDIST-NET-GAINS-PRIOR> (2,067,655)
<GROSS-ADVISORY-FEES> 2,773,645
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,392,615
<AVERAGE-NET-ASSETS> 343,260,477
<PER-SHARE-NAV-BEGIN> 12.24
<PER-SHARE-NII> .21
<PER-SHARE-GAIN-APPREC> 2.80
<PER-SHARE-DIVIDEND> .00
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 15.25
<EXPENSE-RATIO> .98
[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>
Putnam Variable Trust International Growth and Income Fund
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 354,883,351
<INVESTMENTS-AT-VALUE> 397,674,935
<RECEIVABLES> 4,010,298
<ASSETS-OTHER> 367,696
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 402,052,929
<PAYABLE-FOR-SECURITIES> 2,986,393
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 910,246
<TOTAL-LIABILITIES> 3,896,639
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 302,651,494
<SHARES-COMMON-STOCK> 699,678
<SHARES-COMMON-PRIOR> 75,625
<ACCUMULATED-NII-CURRENT> 12,686,597
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 39,750,491
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 43,067,708
<NET-ASSETS> 398,156,290
<DIVIDEND-INCOME> 8,033,274
<INTEREST-INCOME> 504,370
<OTHER-INCOME> 0
<EXPENSES-NET> 3,362,802
<NET-INVESTMENT-INCOME> 5,174,842
<REALIZED-GAINS-CURRENT> 49,984,891
<APPREC-INCREASE-CURRENT> 22,351,343
<NET-CHANGE-FROM-OPS> 77,511,076
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,016,301
<NUMBER-OF-SHARES-REDEEMED> (2,392,248)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 92,183,488
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (654,990)
<OVERDIST-NET-GAINS-PRIOR> (2,067,655)
<GROSS-ADVISORY-FEES> 2,773,645
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,392,615
<AVERAGE-NET-ASSETS> 3,702,534
<PER-SHARE-NAV-BEGIN> 12.24
<PER-SHARE-NII> .15
<PER-SHARE-GAIN-APPREC> 2.83
<PER-SHARE-DIVIDEND> .00
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 15.22
<EXPENSE-RATIO> 1.13
[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>
Putnam Variable Trust Diversified Income Fund
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 676,528,089
<INVESTMENTS-AT-VALUE> 637,745,307
<RECEIVABLES> 17,150,800
<ASSETS-OTHER> 380,599
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 655,276,706
<PAYABLE-FOR-SECURITIES> 2,854,364
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,503,791
<TOTAL-LIABILITIES> 8,358,155
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 684,326,978
<SHARES-COMMON-STOCK> 62,867,758
<SHARES-COMMON-PRIOR> 63,809,394
<ACCUMULATED-NII-CURRENT> 50,219,668
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (47,789,240)
<ACCUM-APPREC-OR-DEPREC> (39,838,855)
<NET-ASSETS> 646,918,551
<DIVIDEND-INCOME> 1,966,878
<INTEREST-INCOME> 54,692,548
<OTHER-INCOME> 0
<EXPENSES-NET> 5,119,319
<NET-INVESTMENT-INCOME> 51,540,107
<REALIZED-GAINS-CURRENT> (30,097,091)
<APPREC-INCREASE-CURRENT> (10,311,440)
<NET-CHANGE-FROM-OPS> 11,131,576
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (46,355,564)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,599,321
<NUMBER-OF-SHARES-REDEEMED> (7,268,655)
<SHARES-REINVESTED> 4,727,698
<NET-CHANGE-IN-ASSETS> (24,097,910)
<ACCUMULATED-NII-PRIOR> 46,307,097
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (18,407,063)
<GROSS-ADVISORY-FEES> 4,451,958
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,138,605
<AVERAGE-NET-ASSETS> 647,357,269
<PER-SHARE-NAV-BEGIN> 10.49
<PER-SHARE-NII> .80
<PER-SHARE-GAIN-APPREC> (.63)
<PER-SHARE-DIVIDEND> (.74)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.92
<EXPENSE-RATIO> .78
[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>
Putnam Variable Trust Diversified Income Fund
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 676,528,089
<INVESTMENTS-AT-VALUE> 637,745,307
<RECEIVABLES> 17,150,800
<ASSETS-OTHER> 380,599
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 655,276,706
<PAYABLE-FOR-SECURITIES> 2,854,364
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,503,791
<TOTAL-LIABILITIES> 8,358,155
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 684,326,978
<SHARES-COMMON-STOCK> 2,340,815
<SHARES-COMMON-PRIOR> 187,484
<ACCUMULATED-NII-CURRENT> 50,219,668
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (47,789,240)
<ACCUM-APPREC-OR-DEPREC> (39,838,855)
<NET-ASSETS> 646,918,551
<DIVIDEND-INCOME> 1,966,878
<INTEREST-INCOME> 54,692,548
<OTHER-INCOME> 0
<EXPENSES-NET> 5,119,319
<NET-INVESTMENT-INCOME> 51,540,107
<REALIZED-GAINS-CURRENT> (30,097,091)
<APPREC-INCREASE-CURRENT> (10,311,440)
<NET-CHANGE-FROM-OPS> 11,131,576
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (248,526)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,189,295
<NUMBER-OF-SHARES-REDEEMED> (58,989)
<SHARES-REINVESTED> 23,025
<NET-CHANGE-IN-ASSETS> (24,097,910)
<ACCUMULATED-NII-PRIOR> 46,307,097
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (18,407,063)
<GROSS-ADVISORY-FEES> 4,451,958
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,138,605
<AVERAGE-NET-ASSETS> 8,603,432
<PER-SHARE-NAV-BEGIN> 10.47
<PER-SHARE-NII> .78
<PER-SHARE-GAIN-APPREC> (.62)
<PER-SHARE-DIVIDEND> (.73)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.90
<EXPENSE-RATIO> .93
[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>
Putnam Variable Trust New Opportunities Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 3,221,106,777
<INVESTMENTS-AT-VALUE> 6,453,335,653
<RECEIVABLES> 85,352,326
<ASSETS-OTHER> 983,692
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6,539,671,671
<PAYABLE-FOR-SECURITIES> 33,521,544
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10,946,061
<TOTAL-LIABILITIES> 44,467,605
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,724,211,285
<SHARES-COMMON-STOCK> 147,728,649
<SHARES-COMMON-PRIOR> 137,628,302
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 538,183,578
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,232,809,203
<NET-ASSETS> 6,495,204,066
<DIVIDEND-INCOME> 8,212,882
<INTEREST-INCOME> 4,507,726
<OTHER-INCOME> 0
<EXPENSES-NET> 24,555,564
<NET-INVESTMENT-INCOME> (11,834,956)
<REALIZED-GAINS-CURRENT> 554,488,113
<APPREC-INCREASE-CURRENT> 2,069,369,697
<NET-CHANGE-FROM-OPS> 2,612,022,854
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (51,876,521)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 22,082,766
<NUMBER-OF-SHARES-REDEEMED> (13,877,105)
<SHARES-REINVESTED> 1,894,686
<NET-CHANGE-IN-ASSETS> 2,907,620,642
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 47,433,308
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 22,883,384
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 24,839,590
<AVERAGE-NET-ASSETS> 4,216,808,814
<PER-SHARE-NAV-BEGIN> 26.06
<PER-SHARE-NII> (.08)
<PER-SHARE-GAIN-APPREC> 17.93
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.37)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 43.54
<EXPENSE-RATIO> 0.59
[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>
Putnam Variable Trust New Opportunities Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 3,221,106,777
<INVESTMENTS-AT-VALUE> 6,453,335,653
<RECEIVABLES> 85,352,326
<ASSETS-OTHER> 983,692
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6,539,671,671
<PAYABLE-FOR-SECURITIES> 33,521,544
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10,946,061
<TOTAL-LIABILITIES> 44,467,605
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,724,211,285
<SHARES-COMMON-STOCK> 1,449,864
<SHARES-COMMON-PRIOR> 52,178
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 538,183,578
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,232,809,203
<NET-ASSETS> 6,495,204,066
<DIVIDEND-INCOME> 8,212,882
<INTEREST-INCOME> 4,507,726
<OTHER-INCOME> 0
<EXPENSES-NET> 24,555,564
<NET-INVESTMENT-INCOME> (11,834,956)
<REALIZED-GAINS-CURRENT> 554,488,113
<APPREC-INCREASE-CURRENT> 2,069,369,697
<NET-CHANGE-FROM-OPS> 2,612,022,854
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (41,740)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,426,816
<NUMBER-OF-SHARES-REDEEMED> (30,656)
<SHARES-REINVESTED> 1,526
<NET-CHANGE-IN-ASSETS> 2,907,620,642
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 47,433,308
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 22,883,384
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 24,839,590
<AVERAGE-NET-ASSETS> 13,810,372
<PER-SHARE-NAV-BEGIN> 26.04
<PER-SHARE-NII> (.15)
<PER-SHARE-GAIN-APPREC> 17.92
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.37)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 43.44
<EXPENSE-RATIO> 0.74
[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>
Putnam Variable Trust Global Asset Allocation Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 833,362,585
<INVESTMENTS-AT-VALUE> 1,005,890,305
<RECEIVABLES> 14,569,440
<ASSETS-OTHER> 5,843,200
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,026,302,945
<PAYABLE-FOR-SECURITIES> 5,974,626
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12,624,099
<TOTAL-LIABILITIES> 18,598,725
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 738,723,837
<SHARES-COMMON-STOCK> 51,076,306
<SHARES-COMMON-PRIOR> 53,881,407
<ACCUMULATED-NII-CURRENT> 14,838,015
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 95,012,631
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 159,129,737
<NET-ASSETS> 1,007,704,220
<DIVIDEND-INCOME> 7,869,906
<INTEREST-INCOME> 21,652,457
<OTHER-INCOME> 0
<EXPENSES-NET> 7,557,692
<NET-INVESTMENT-INCOME> 21,964,671
<REALIZED-GAINS-CURRENT> 90,774,051
<APPREC-INCREASE-CURRENT> (1,986,475)
<NET-CHANGE-FROM-OPS> 110,752,247
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (19,758,177)
<DISTRIBUTIONS-OF-GAINS> (55,437,254)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 329,648
<NUMBER-OF-SHARES-REDEEMED> (7,365,834)
<SHARES-REINVESTED> 4,231,085
<NET-CHANGE-IN-ASSETS> (13,968,412)
<ACCUMULATED-NII-PRIOR> 18,368,225
<ACCUMULATED-GAINS-PRIOR> 54,031,084
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,440,908
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,645,861
<AVERAGE-NET-ASSETS> 987,561,015
<PER-SHARE-NAV-BEGIN> 18.94
<PER-SHARE-NII> .41
<PER-SHARE-GAIN-APPREC> 1.69
<PER-SHARE-DIVIDEND> (.38)
<PER-SHARE-DISTRIBUTIONS> (1.06)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.60
<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>
Putnam Variable Trust Global Asset Allocation Fund
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 833,362,585
<INVESTMENTS-AT-VALUE> 1,005,890,305
<RECEIVABLES> 14,569,440
<ASSETS-OTHER> 5,843,200
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,026,302,945
<PAYABLE-FOR-SECURITIES> 5,974,626
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12,624,099
<TOTAL-LIABILITIES> 18,598,725
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 738,723,837
<SHARES-COMMON-STOCK> 337,594
<SHARES-COMMON-PRIOR> 69,604
<ACCUMULATED-NII-CURRENT> 14,838,015
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 95,012,631
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 159,129,737
<NET-ASSETS> 1,007,704,220
<DIVIDEND-INCOME> 7,869,906
<INTEREST-INCOME> 21,652,457
<OTHER-INCOME> 0
<EXPENSES-NET> 7,557,692
<NET-INVESTMENT-INCOME> 21,964,671
<REALIZED-GAINS-CURRENT> 90,774,051
<APPREC-INCREASE-CURRENT> (1,986,475)
<NET-CHANGE-FROM-OPS> 110,752,247
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (37,116)
<DISTRIBUTIONS-OF-GAINS> (105,805)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 276,691
<NUMBER-OF-SHARES-REDEEMED> (16,724)
<SHARES-REINVESTED> 8,023
<NET-CHANGE-IN-ASSETS> (13,968,412)
<ACCUMULATED-NII-PRIOR> 18,368,225
<ACCUMULATED-GAINS-PRIOR> 54,031,084
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,440,908
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,645,861
<AVERAGE-NET-ASSETS> 2,788,827
<PER-SHARE-NAV-BEGIN> 18.95
<PER-SHARE-NII> .39
<PER-SHARE-GAIN-APPREC> 1.69
<PER-SHARE-DIVIDEND> (.37)
<PER-SHARE-DISTRIBUTIONS> (1.06)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.60
<EXPENSE-RATIO> .92
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
February 15, 2000
To the Board of Trustees of Putnam Variable Trust (the
"Trust"):
In planning and performing our audit of the financial
statements of the 22 funds constituting the Putnam Variable
Trust (the "Trust") for the year ended December 31, 1999, we
considered its internal control, including control activities
for safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the
financial statements and to comply with the requirements of
Form N-SAR, not to provide assurance on internal control.
The management of Putnam Variable Trust (the "Trust") is
responsible for establishing and maintaining internal control.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of controls. Generally, controls that are
relevant to an audit pertain to the entity's objective of
preparing financial statements for external purposes that are
fairly presented in conformity with generally accepted
accounting principles. Those controls include the safeguarding
of assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal controls, errors or
fraud may occur and may not be detected. Also, projection of
any evaluation of internal control to future periods is subject
to the risk that it may become inadequate because of changes in
conditions or that the effectiveness of the design and
operation may deteriorate.
Our consideration of internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under standards established by the American
Institute of Certified Public Accountants. A material weakness
is a condition in which the design or operation of one or more
of the internal control components does not reduce to a
relatively low level the risk that misstatements caused by
errors or fraud in amounts that would be material in relation
to the financial statements being audited may occur and not be
detected within a timely period by employees in the normal
course of performing their assigned functions. However, we
noted no matters involving internal control and its operation,
including controls for safeguarding securities, that we
consider to be material weaknesses as defined above as of
December 31, 1999.
This report is intended solely for the information and use of
management and the Board of Trustees and the Securities and
Exchange Commission and is not intended to be and should not be
used by anyone other than these specified parties.
Results of November 4, 1999 shareholder meeting
(Unaudited)
A meeting of shareholders of the Putnam VT Global Growth
Fund was held on November 4, 1999.
A proposal to increase the fees payable to Putnam Investment
Management, Inc. was approved as follows: 64,049,972 votes
for, 31,413,562 votes against, with 8,560,587 abstentions
and broker non-votes.
A proposal to amend the fund's fundamental investment
restriction with respect to borrowing was approved as
follows: 77,115,336 votes for, 17,187,777 votes against,
with 9,721,008 abstentions and broker non-votes.
A proposal to amend the fund's fundamental investment
restriction with respect to making loans was approved as
follows: 77,064,436 votes for, 16,871,216 votes against,
with 10,088,469 abstentions and broker non-votes.
All tabulations are rounded to the nearest whole number.
