<PAGE> PAGE 1
000 B000000 10/31/96
000 C000000 0000844790
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
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
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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 MANAGEMENT, INC.
008 B000001 A
008 C000001 801-7074
008 D010001 BOSTON
008 D020001 MA
008 D030001 02109
011 A000001 PUTNAM MUTUAL FUNDS CORP
011 B000001 8-5088
011 C010001 BOSTON
011 C020001 MA
011 C030001 02109
012 A000001 PUTNAM INVESTOR SERVICES, INC.
012 B000001 84-401299
012 C010001 BOSTON
012 C020001 MA
012 C030001 02109
013 A000001 COOPERS & LYBRAND L.L.P.
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
019 A000000 Y
019 B000000 98
019 C000000 PUTNAMFUND
020 A000001 PAINE WEBBER INC.
020 B000001 13-2638166
020 C000001 8
020 A000002 BANK OF AMERICA NT & SA
020 B000002 94-1687665
020 C000002 7
020 A000003 SMITH, BARNEY, HARRIS, UPHAM & CO.
020 B000003 13-1912900
020 C000003 7
020 A000004 MERRIL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000004 13-5674085
020 C000004 3
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
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020 C000010 0
021 000000 25
022 A000001 MERRIL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000001 13-5674085
022 C000001 162493
022 D000001 217215
022 A000002 LEHMAN BROTHERS
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022 C000002 171082
022 D000002 133088
022 A000003 PAINE WEBBER INC.
022 B000003 13-2638166
022 C000003 112301
022 D000003 113828
022 A000004 MORGAN STANLEY INC.
022 B000004 13-2655998
022 C000004 60436
022 D000004 36545
022 A000005 SMITH, BARNEY, HARRIS, UPHAM & CO.
022 B000005 13-1912900
022 C000005 19351
022 D000005 48018
022 A000006 PRUDENTIAL SECURITIES INC.
<PAGE> PAGE 3
022 B000006 22-2347336
022 C000006 38355
022 D000006 22338
022 A000007 MORGAN (J.P.) SECURITIES INC.
022 B000007 13-3224016
022 C000007 29510
022 D000007 27429
022 A000008 GOLDMAN SACHS & CO.
022 B000008 13-5108880
022 C000008 19956
022 D000008 20693
022 A000009 GREENWICH PARTNERS
022 B000009 13-3176013
022 C000009 16437
022 D000009 18014
022 A000010 PIPER JAFFRAY & HOPWOOD
022 B000010 41-0953246
022 C000010 18318
022 D000010 13713
023 C000000 767768
023 D000000 742088
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<PAGE> PAGE 4
028 C040000 0
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<PAGE> PAGE 5
048 E020000 0.000
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<PAGE> PAGE 6
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<PAGE> PAGE 7
070 Q010000 N
070 Q020000 N
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<PAGE> PAGE 8
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<PAGE> PAGE 9
086 E020000 0
086 F010000 0
086 F020000 0
087 A010000 COMMON STOCK PFD SERIES A
087 A020000 746823103
087 A030000 PMM
087 B010000 REMARKETED PFD SERIES A
087 B020000 746823202
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SIGNATURE PAUL BUCUVALAS
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
Financial Data Schedule for Putnam Managed Municipal Income Trust
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 598,665,661
<INVESTMENTS-AT-VALUE> 614,611,652
<RECEIVABLES> 13,274,114
<ASSETS-OTHER> 106,242
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 627,992,008
<PAYABLE-FOR-SECURITIES> 1,320,496
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,105,386
<TOTAL-LIABILITIES> 5,425,882
<SENIOR-EQUITY> 175,000,000
<PAID-IN-CAPITAL-COMMON> 419,593,994
<SHARES-COMMON-STOCK> 45,450,073
<SHARES-COMMON-PRIOR> 44,961,926
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 16,567,786
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (4,533,016)
<ACCUM-APPREC-OR-DEPREC> 15,937,362
<NET-ASSETS> 622,566,126
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 44,593,110
<OTHER-INCOME> 0
<EXPENSES-NET> 5,457,015
<NET-INVESTMENT-INCOME> 39,136,095
<REALIZED-GAINS-CURRENT> 3,872,103
<APPREC-INCREASE-CURRENT> (13,084,238)
<NET-CHANGE-FROM-OPS> 29,923,960
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 34,469,622
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 488,147
<NET-CHANGE-IN-ASSETS> (5,888,093)
<ACCUMULATED-NII-PRIOR> 17,879,998
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 8,294,725
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,247,725
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,568,365
<AVERAGE-NET-ASSETS> 448,647,284
<PER-SHARE-NAV-BEGIN> 10.08
<PER-SHARE-NII> .86
<PER-SHARE-GAIN-APPREC> (.19)
<PER-SHARE-DIVIDEND> (.76)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.85
<EXPENSE-RATIO> 1.24
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
