PUTNAM EUROPE GROWTH FUND
NSAR-B, EX-27, 2000-08-29
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Putnam Europe Growth Fund
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> CLASS A

<S>                             <C>
<PERIOD-TYPE>                   ANNUAL
<FISCAL-YEAR-END>                         JUNE-30-2000
<PERIOD-END>                              JUNE-30-2000
<INVESTMENTS-AT-COST>                    1,648,568,560
<INVESTMENTS-AT-VALUE>                   2,079,495,422
<RECEIVABLES>                               39,952,731
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<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           2,119,567,538
<PAYABLE-FOR-SECURITIES>                    41,679,902
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   13,533,829
<TOTAL-LIABILITIES>                         55,213,731
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,473,809,905
<SHARES-COMMON-STOCK>                       40,965,150
<SHARES-COMMON-PRIOR>                       41,608,012
<ACCUMULATED-NII-CURRENT>                      100,512
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    159,661,820
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   430,781,570
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<DIVIDEND-INCOME>                           28,636,815
<INTEREST-INCOME>                            1,923,982
<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                      1,905,229
<REALIZED-GAINS-CURRENT>                   173,642,016
<APPREC-INCREASE-CURRENT>                  227,462,263
<NET-CHANGE-FROM-OPS>                      403,009,508
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (7,156,559)
<DISTRIBUTIONS-OF-GAINS>                   (1,408,472)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     45,361,561
<NUMBER-OF-SHARES-REDEEMED>               (46,311,925)
<SHARES-REINVESTED>                            307,502
<NET-CHANGE-IN-ASSETS>                     272,026,874
<ACCUMULATED-NII-PRIOR>                      6,683,630
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                       13,258,660
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             30,008,969
<AVERAGE-NET-ASSETS>                       980,425,592
<PER-SHARE-NAV-BEGIN>                            21.72
<PER-SHARE-NII>                                    .11
<PER-SHARE-GAIN-APPREC>                           5.11
<PER-SHARE-DIVIDEND>                             (.19)
<PER-SHARE-DISTRIBUTIONS>                        (.04)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              26.71
<EXPENSE-RATIO>                                   1.21
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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