<PAGE> PAGE 1
000 B000000 10/31/94
000 C000000 0000844790
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 PUTNAM MANAGED MUNICIPAL INCOME TRUST
001 B000000 811-5740
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 N
007 B000000 0
018 000000 Y
019 A000000 Y
019 B000000 86
019 C000000 PUTNAMFUND
020 A000001 SCOTT BALDWIN
020 B000001 31-9581870
020 C000001 12
020 A000002 SCOTT & STRINGFELLOW
020 C000002 10
020 A000003 RAND FINANCIAL SERVICES
020 B000003 36-3849442
020 C000003 8
020 A000004 DEAN WITTER REYNOLDS
020 B000004 94-1671384
020 C000004 7
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 38
022 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000001 13-5674085
022 C000001 83837
022 D000001 121811
022 A000002 LEHMAN BROTHERS, INC.
022 B000002 13-2518466
022 C000002 71597
<PAGE> PAGE 2
022 D000002 66004
022 A000003 PAINE WEBBER
022 B000003 13-2638166
022 C000003 50090
022 D000003 38650
022 A000004 SMITH BARNEY SHEARSON
022 B000004 13-1912900
022 C000004 37675
022 D000004 56381
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 432872
023 D000000 420807
024 000000 N
027 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
<PAGE> PAGE 3
028 G030000 0
028 G040000 0
028 H000000 0
030 A000000 0
030 B000000 0.00
030 C000000 0.00
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 98.2
062 P000000 0.0
062 Q000000 0.0
062 R000000 1.8
063 A000000 0
063 B000000 24.9
064 A000000 Y
064 B000000 Y
065 000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 Y
070 E020000 Y
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 Y
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 Y
<PAGE> PAGE 4
070 L010000 Y
070 L020000 N
070 M010000 Y
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 307131
071 B000000 296656
071 C000000 612941
071 D000000 48
072 A000000 12
072 B000000 47130
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 4251
072 G000000 14
072 H000000 0
072 I000000 423
072 J000000 92
072 K000000 84
072 L000000 75
072 M000000 21
072 N000000 38
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 52
072 S000000 14
072 T000000 463
072 U000000 0
072 V000000 0
072 W000000 13
072 X000000 5540
072 Y000000 0
072 Z000000 41590
072AA000000 0
072BB000000 4279
072CC010000 0
072CC020000 56090
072DD010000 33733
072DD020000 0
072EE000000 4070
<PAGE> PAGE 5
073 A010000 0.7620
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 0
074 D000000 585997
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 13905
074 K000000 0
074 L000000 14376
074 M000000 0
074 N000000 614278
074 O000000 12252
074 P000000 2085
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 2949
074 S000000 175237
074 T000000 421755
074 U010000 44450
074 U020000 1750
074 V010000 9.49
074 V020000 0.00
074 W000000 0.0000
074 X000000 8135
074 Y000000 0
075 A000000 0
075 B000000 451860
076 000000 9.25
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
<PAGE> PAGE 6
077 O000000 N
077 P000000 N
080 A000000 FEDERAL INSURANCE COMPANY
080 B000000 NATIONAL UNION FIRE INSURANCE COMPANY
080 C000000 50000
081 A000000 Y
081 B000000 85
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
SIGNATURE GORDON H. SILVER
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM Putnam Managed Muni IS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1994
<PERIOD-END> OCT-31-1994
<INVESTMENTS-AT-COST> 587,687,697
<INVESTMENTS-AT-VALUE> 585,997,067
<RECEIVABLES> 28,280,479
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 614,277,346
<PAYABLE-FOR-SECURITIES> 12,251,633
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,034,357
<TOTAL-LIABILITIES> 17,285,990
<SENIOR-EQUITY> 175,000,000
<PAID-IN-CAPITAL-COMMON> 409,823,599
<SHARES-COMMON-STOCK> 44,449,876
<SHARES-COMMON-PRIOR> 43,918,097
<ACCUMULATED-NII-CURRENT> 18,238,370
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 4,069,833
<ACCUM-APPREC-OR-DEPREC> (1,690,630)
<NET-ASSETS> 596,991,556
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 47,130,238
<OTHER-INCOME> 0
<EXPENSES-NET> 5,539,743
<NET-INVESTMENT-INCOME> 41,590,495
<REALIZED-GAINS-CURRENT> (4,278,598)
<APPREC-INCREASE-CURRENT> (56,090,200)
<NET-CHANGE-FROM-OPS> (18,778,303)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 38,486,299
<DISTRIBUTIONS-OF-GAINS> 4,069,833
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 531,779
<NET-CHANGE-IN-ASSETS> (55,830,314)
<ACCUMULATED-NII-PRIOR> 15,145,211
<ACCUMULATED-GAINS-PRIOR> 101,185
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 3,333,200
<GROSS-ADVISORY-FEES> 4,250,515
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,539,743
<AVERAGE-NET-ASSETS> 452,070,598
<PER-SHARE-NAV-BEGIN> 10.88
<PER-SHARE-NII> 0.94
<PER-SHARE-GAIN-APPREC> (1.37)
<PER-SHARE-DIVIDEND> 0.76
<PER-SHARE-DISTRIBUTIONS> 0.09
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.49
<EXPENSE-RATIO> 1.23
<AVG-DEBT-OUTSTANDING>
<AVG-DEBT-PER-SHARE>
</TABLE>
