<PAGE> PAGE 1
000 A000000 04/30/95
000 C000000 0000844790
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
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
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 PUTNAM INVESTMENT MANAGERMENT, INC.
008 B000001 A
008 C000001 801-7074
008 D010001 BOSTON
008 D020001 MA
008 D030001 02109
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 Municipal Income AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> SEMI
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> APR-30-1995
<INVESTMENTS-AT-COST> 580,817,842
<INVESTMENTS-AT-VALUE> 601,142,280
<RECEIVABLES> 18,614,525
<ASSETS-OTHER> 284,283
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 620,041,088
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,742,529
<TOTAL-LIABILITIES> 6,742,529
<SENIOR-EQUITY> 175,000,000
<PAID-IN-CAPITAL-COMMON> 412,175,207
<SHARES-COMMON-STOCK> 44,696,374
<SHARES-COMMON-PRIOR> 44,449,876
<ACCUMULATED-NII-CURRENT> 18,135,081
<OVERDISTRIBUTION-NII> (11,524,745)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 19,513,016
<NET-ASSETS> 613,298,559
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 23,026,453
<OTHER-INCOME> 0
<EXPENSES-NET> 2,655,839
<NET-INVESTMENT-INCOME> 20,370,614
<REALIZED-GAINS-CURRENT> (4,806,422)
<APPREC-INCREASE-CURRENT> 21,203,646
<NET-CHANGE-FROM-OPS> 34,429,298
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 20,473,903
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 246,498
<NET-CHANGE-IN-ASSETS> 16,307,003
<ACCUMULATED-NII-PRIOR> 18,238,370
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (4,379,783)
<GROSS-ADVISORY-FEES> 2,013,689
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,655,839
<AVERAGE-NET-ASSETS> 425,710,571
<PER-SHARE-NAV-BEGIN> 9.49
<PER-SHARE-NII> .46
<PER-SHARE-GAIN-APPREC> .31
<PER-SHARE-DIVIDEND> (.46)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.80
<EXPENSE-RATIO> .62
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
