<PAGE> PAGE 1
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001 C000000 6172921562
002 A000000 ONE POST OFFICE SQUARE
002 B000000 BOSTON
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004 000000 N
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011 B000001 8-5088
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012 A000001 PUTNAM INVESTOR SERVICES
012 B000001 84-401299
012 C010001 BOSTON
012 C020001 MA
012 C030001 02109
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 BOSTON
013 B020001 MA
<PAGE> PAGE 2
013 B030001 02109
015 A000001 PUTNAM FIDUCIARY TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E010001 X
018 000000 Y
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019 C000000 PUTNAMFUND
020 A000001 PAINEWEBBER INC.
020 B000001 13-2638166
020 C000001 25
020 A000002 BEAR STERNS & CO.
020 B000002 13-4946705
020 C000002 21
020 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000003 13-5674085
020 C000003 18
020 A000004 MORGAN (J.P) SECURITIES INC.
020 B000004 13-3224016
020 C000004 10
020 A000005 LEHMAN BROTHERS
020 B000005 13-2518466
020 C000005 9
020 A000006 FIMAT FUTURES USA INC.
020 C000006 5
020 A000007 EDWARDS (A.G.) & SONS INC..
020 B000007 43-0895477
020 C000007 2
020 A000008 WHEAT, FIRST SECURITIES, INC.
020 B000008 54-0796506
020 C000008 1
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020 C000010 0
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022 B000001 13-2518466
022 C000001 1850771
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022 B000002 13-5108880
022 C000002 1584601
022 D000002 427153
022 A000003 SALOMON SMITH BARNEY INC.
022 C000003 907906
022 D000003 882459
022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000004 13-5674085
022 C000004 1013552
<PAGE> PAGE 3
022 D000004 378812
022 A000005 CREDIT SUISSE FIRST BOSTON
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022 D000005 226748
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022 A000007 MORGAN STANLEY DEAN WITTER
022 C000007 339382
022 D000007 364961
022 A000008 MORGAN (J.P.) SECURITIES INC.
022 B000008 13-3224016
022 C000008 371523
022 D000008 305597
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022 C000009 604889
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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SIGNATURE PAUL BUCAVALAS
TITLE MANAGING DIRECTOR
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
Putnam Diversified Income Trust
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> SEMI
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 5,072,595,720
<INVESTMENTS-AT-VALUE> 4,796,387,388
<RECEIVABLES> 344,639,318
<ASSETS-OTHER> 11,697,900
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,152,724,606
<PAYABLE-FOR-SECURITIES> 223,490,861
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 233,566,334
<TOTAL-LIABILITIES> 457,057,195
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,133,596,830
<SHARES-COMMON-STOCK> 152,823,408
<SHARES-COMMON-PRIOR> 163,871,941
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (15,914,858)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (139,052,102)
<ACCUM-APPREC-OR-DEPREC> (282,962,459)
<NET-ASSETS> 4,695,667,411
<DIVIDEND-INCOME> 38,333,738
<INTEREST-INCOME> 178,367,682
<OTHER-INCOME> 0
<EXPENSES-NET> 31,845,980
<NET-INVESTMENT-INCOME> 184,855,440
<REALIZED-GAINS-CURRENT> (52,900,737)
<APPREC-INCREASE-CURRENT> (76,613,762)
<NET-CHANGE-FROM-OPS> 55,340,941
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (70,453,222)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13,263,087
<NUMBER-OF-SHARES-REDEEMED> (28,686,361)
<SHARES-REINVESTED> 4,374,741
<NET-CHANGE-IN-ASSETS> (428,961,774)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (18,502,646)
<OVERDIST-NET-GAINS-PRIOR> (86,151,365)
<GROSS-ADVISORY-FEES> 13,169,872
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 32,292,298
<AVERAGE-NET-ASSETS> 1,826,350,518
<PER-SHARE-NAV-BEGIN> 11.66
<PER-SHARE-NII> .45
<PER-SHARE-GAIN-APPREC> (0.30)
<PER-SHARE-DIVIDEND> (.44)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.37
<EXPENSE-RATIO> .46
[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 Diversified Income Trust
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> SEMI
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 5,072,595,720
<INVESTMENTS-AT-VALUE> 4,796,387,388
<RECEIVABLES> 344,639,318
<ASSETS-OTHER> 11,697,900
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,152,724,606
<PAYABLE-FOR-SECURITIES> 223,490,861
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 233,566,334
<TOTAL-LIABILITIES> 457,057,195
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,133,596,830
<SHARES-COMMON-STOCK> 175,594,453
<SHARES-COMMON-PRIOR> 187,293,005
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (15,914,858)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (139,052,102)
<ACCUM-APPREC-OR-DEPREC> (282,962,459)
<NET-ASSETS> 4,695,667,411
<DIVIDEND-INCOME> 38,333,738
<INTEREST-INCOME> 178,367,682
<OTHER-INCOME> 0
<EXPENSES-NET> 31,845,980
<NET-INVESTMENT-INCOME> 184,855,440
<REALIZED-GAINS-CURRENT> (52,900,737)
<APPREC-INCREASE-CURRENT> (76,613,762)
<NET-CHANGE-FROM-OPS> 55,340,941
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (72,822,686)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,639,329
<NUMBER-OF-SHARES-REDEEMED> (27,647,131)
<SHARES-REINVESTED> 4,309,250
<NET-CHANGE-IN-ASSETS> (428,961,774)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (18,502,646)
<OVERDIST-NET-GAINS-PRIOR> (86,151,365)
<GROSS-ADVISORY-FEES> 13,169,872
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 32,292,298
<AVERAGE-NET-ASSETS> 2,081,751,314
<PER-SHARE-NAV-BEGIN> 11.61
<PER-SHARE-NII> .41
<PER-SHARE-GAIN-APPREC> (0.30)
<PER-SHARE-DIVIDEND> (.40)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.32
<EXPENSE-RATIO> .84
[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 Diversified Income Trust
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> CLASS C
<S> <C>
<PERIOD-TYPE> SEMI
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 5,072,595,720
<INVESTMENTS-AT-VALUE> 4,796,387,388
<RECEIVABLES> 344,639,318
<ASSETS-OTHER> 11,697,900
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,152,724,606
<PAYABLE-FOR-SECURITIES> 223,490,861
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 233,566,334
<TOTAL-LIABILITIES> 457,057,195
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,133,596,830
<SHARES-COMMON-STOCK> 172,163
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (15,914,858)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (139,052,102)
<ACCUM-APPREC-OR-DEPREC> (282,962,459)
<NET-ASSETS> 4,695,667,411
<DIVIDEND-INCOME> 38,333,738
<INTEREST-INCOME> 178,367,682
<OTHER-INCOME> 0
<EXPENSES-NET> 31,845,980
<NET-INVESTMENT-INCOME> 184,855,440
<REALIZED-GAINS-CURRENT> (52,900,737)
<APPREC-INCREASE-CURRENT> (76,613,762)
<NET-CHANGE-FROM-OPS> 55,340,941
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,582)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 172,561
<NUMBER-OF-SHARES-REDEEMED> (653)
<SHARES-REINVESTED> 255
<NET-CHANGE-IN-ASSETS> (428,961,774)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (18,502,646)
<OVERDIST-NET-GAINS-PRIOR> (86,151,365)
<GROSS-ADVISORY-FEES> 13,169,872
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 32,292,298
<AVERAGE-NET-ASSETS> 787,946
<PER-SHARE-NAV-BEGIN> 11.51
<PER-SHARE-NII> .09
<PER-SHARE-GAIN-APPREC> (0.09)
<PER-SHARE-DIVIDEND> (.15)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.36
<EXPENSE-RATIO> .27
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
Putnam Diversified Income Trust
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> CLASS M
<S> <C>
<PERIOD-TYPE> SEMI
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 5,072,595,720
<INVESTMENTS-AT-VALUE> 4,796,387,388
<RECEIVABLES> 344,639,318
<ASSETS-OTHER> 11,697,900
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,152,724,606
<PAYABLE-FOR-SECURITIES> 223,490,861
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 233,566,334
<TOTAL-LIABILITIES> 457,057,195
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,133,596,830
<SHARES-COMMON-STOCK> 83,862,726
<SHARES-COMMON-PRIOR> 87,699,097
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (15,914,858)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (139,052,102)
<ACCUM-APPREC-OR-DEPREC> (282,962,459)
<NET-ASSETS> 4,695,667,411
<DIVIDEND-INCOME> 38,333,738
<INTEREST-INCOME> 178,367,682
<OTHER-INCOME> 0
<EXPENSES-NET> 31,845,980
<NET-INVESTMENT-INCOME> 184,855,440
<REALIZED-GAINS-CURRENT> (52,900,737)
<APPREC-INCREASE-CURRENT> (76,613,762)
<NET-CHANGE-FROM-OPS> 55,340,941
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (38,344,305)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 37,987,293
<NUMBER-OF-SHARES-REDEEMED> (42,023,346)
<SHARES-REINVESTED> 199,682
<NET-CHANGE-IN-ASSETS> (428,961,774)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (18,502,646)
<OVERDIST-NET-GAINS-PRIOR> (86,151,365)
<GROSS-ADVISORY-FEES> 13,169,872
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 32,292,298
<AVERAGE-NET-ASSETS> 1,009,083,118
<PER-SHARE-NAV-BEGIN> 11.62
<PER-SHARE-NII> .44
<PER-SHARE-GAIN-APPREC> (0.30)
<PER-SHARE-DIVIDEND> (.43)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.33
<EXPENSE-RATIO> .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 Diversified Income Trust
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> CLASS Y
<S> <C>
<PERIOD-TYPE> SEMI
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 5,072,595,720
<INVESTMENTS-AT-VALUE> 4,796,387,388
<RECEIVABLES> 344,639,318
<ASSETS-OTHER> 11,697,900
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,152,724,606
<PAYABLE-FOR-SECURITIES> 223,490,861
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 233,566,334
<TOTAL-LIABILITIES> 457,057,195
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,133,596,830
<SHARES-COMMON-STOCK> 1,575,788
<SHARES-COMMON-PRIOR> 1,659,655
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (15,914,858)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (139,052,102)
<ACCUM-APPREC-OR-DEPREC> (282,962,459)
<NET-ASSETS> 4,695,667,411
<DIVIDEND-INCOME> 38,333,738
<INTEREST-INCOME> 178,367,682
<OTHER-INCOME> 0
<EXPENSES-NET> 31,845,980
<NET-INVESTMENT-INCOME> 184,855,440
<REALIZED-GAINS-CURRENT> (52,900,737)
<APPREC-INCREASE-CURRENT> (76,613,762)
<NET-CHANGE-FROM-OPS> 55,340,941
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (638,857)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 560,354
<NUMBER-OF-SHARES-REDEEMED> (698,793)
<SHARES-REINVESTED> 54,572
<NET-CHANGE-IN-ASSETS> (428,961,774)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (18,502,646)
<OVERDIST-NET-GAINS-PRIOR> (86,151,365)
<GROSS-ADVISORY-FEES> 13,169,872
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 32,292,298
<AVERAGE-NET-ASSETS> 16,182,880
<PER-SHARE-NAV-BEGIN> 11.66
<PER-SHARE-NII> .45
<PER-SHARE-GAIN-APPREC> (0.28)
<PER-SHARE-DIVIDEND> (.45)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.38
<EXPENSE-RATIO> .34
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>