<PAGE> PAGE 1
000 A000000 04/30/98
000 C000000 0000844790
000 D000000 N
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000 F000000 Y
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000 H000000 N
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000 J000000 A
001 A000000 PUTNAM MANAGED MUNICIPAL INCOME TRUST
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001 C000000 6172921000
002 A000000 ONE POST OFFICE SQUARE
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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 99
019 C000000 PUTNAMFUND
020 A000001 BANK OF AMERICA
020 B000001 94-1687665
020 C000001 2
020 A000002 SALOMON BROTHERS INC.
020 B000002 13-3082694
020 C000002 1
020 A000003 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
020 B000003 13-5674085
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022 C000001 17335
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022 C000002 8700
022 D000002 12063
022 A000003 MERRILL LYNCH,PIERCE,FENNER & SMITH, INC.
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022 C000003 10520
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022 C000004 5000
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022 D000005 9755
022 A000006 BANK OF NEW YORK
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022 C000006 7000
<PAGE> PAGE 3
022 D000006 7000
022 A000007 LEHMAN BROS.
022 B000007 13-2518466
022 C000007 7953
022 D000007 5155
022 A000008 GOLDMAN SACHS & CO
022 B000008 13-5108880
022 C000008 1116
022 D000008 5950
022 A000009 GREENWICH PARTNERS
022 B000009 13-3176013
022 C000009 6416
022 D000009 0
022 A000010 WILLIAM E. SIMON & SONS, INC.
022 B000010 22-3017217
022 C000010 5587
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023 D000000 75839
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<PAGE> PAGE 4
028 D020000 0
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
070 R020000 N
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<PAGE> PAGE 8
074 J000000 250
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<PAGE> PAGE 9
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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087 C010000 REMARKETED PFD SERIES B
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SIGNATURE PAUL BUCUVALAS
TITLE MANAGING DIRECTOR
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
Putnam Managed Municipal Income Trust
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 581,877,798
<INVESTMENTS-AT-VALUE> 618,708,123
<RECEIVABLES> 12,730,137
<ASSETS-OTHER> 504,210
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 631,942,470
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,053,267
<TOTAL-LIABILITIES> 4,053,267
<SENIOR-EQUITY> 175,000,000
<PAID-IN-CAPITAL-COMMON> 425,846,968
<SHARES-COMMON-STOCK> 46,037,615
<SHARES-COMMON-PRIOR> 45,852,179
<ACCUMULATED-NII-CURRENT> 10,926,229
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (20,714,319)
<ACCUM-APPREC-OR-DEPREC> 36,830,325
<NET-ASSETS> 627,889,203
<DIVIDEND-INCOME> 0
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<OTHER-INCOME> 0
<EXPENSES-NET> 2,657,361
<NET-INVESTMENT-INCOME> 17,744,755
<REALIZED-GAINS-CURRENT> (3,489,130)
<APPREC-INCREASE-CURRENT> 2,297,851
<NET-CHANGE-FROM-OPS> 16,553,476
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (20,723,999)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (2,154,232)
<ACCUMULATED-NII-PRIOR> 13,905,473
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (17,225,189)
<GROSS-ADVISORY-FEES> 2,045,416
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,684,776
<AVERAGE-NET-ASSETS> 450,210,094
<PER-SHARE-NAV-BEGIN> 9.92
<PER-SHARE-NII> .39
<PER-SHARE-GAIN-APPREC> (.03)
<PER-SHARE-DIVIDEND> (.45)
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<PER-SHARE-NAV-END> 9.83
<EXPENSE-RATIO> .59
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
