PUTNAM PREMIER INCOME TRUST
NSAR-B, 1997-09-29
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<PAGE>      PAGE  1
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000 J000000 A
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002 A000000 ONE POST OFFICE SQUARE
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014 A000001 PUTNAM FINANCIAL SERVICES, INC.
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<PAGE>      PAGE  2
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E010001 X
015 A000002 BROWN BROTHERS HARRIMAN AND COMPANY
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015 E010002 X
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<PAGE>      PAGE  3
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SIGNATURE   PAUL BUCAVALAS                               
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Putnam Premier Income Trust
</LEGEND>
<SERIES>
   <NUMBER> 1
   <NAME> CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                    1,312,278,962
<INVESTMENTS-AT-VALUE>                   1,342,009,990
<RECEIVABLES>                              137,511,174
<ASSETS-OTHER>                               1,654,250
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,481,175,414
<PAYABLE-FOR-SECURITIES>                   149,824,618
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   85,906,496
<TOTAL-LIABILITIES>                        235,731,114
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,229,563,197
<SHARES-COMMON-STOCK>                      140,248,960
<SHARES-COMMON-PRIOR>                      140,679,960
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                    (20,153,722)
<ACCUMULATED-NET-GAINS>                     11,966,714
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    24,068,111
<NET-ASSETS>                             1,245,444,300
<DIVIDEND-INCOME>                              601,786
<INTEREST-INCOME>                          100,282,020
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               9,964,719
<NET-INVESTMENT-INCOME>                     90,919,087
<REALIZED-GAINS-CURRENT>                    28,287,061
<APPREC-INCREASE-CURRENT>                   24,519,407
<NET-CHANGE-FROM-OPS>                      143,725,555
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (94,779,156)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      45,590,029
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                    (9,585,083)
<OVERDIST-NET-GAINS-PRIOR>                (17,364,808)
<GROSS-ADVISORY-FEES>                        8,353,009
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             10,132,165
<AVERAGE-NET-ASSETS>                     1,225,435,454
<PER-SHARE-NAV-BEGIN>                             8.53
<PER-SHARE-NII>                                    .65
<PER-SHARE-GAIN-APPREC>                            .38
<PER-SHARE-DIVIDEND>                             (.68)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.88
<EXPENSE-RATIO>                                    .83
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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