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<PAGE> PAGE 2
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022 C000005 67608
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<PAGE> PAGE 3
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022 C000007 29124
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022 B000009 13-4994650
022 C000009 7700
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 7
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<PAGE> PAGE 9
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SIGNATURE PAUL BUCAVALAS
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 Municipal Income Fund Class A AND IS QUALIFIED IN ITS ENT
IRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> SEMI
<FISCAL-YEAR-END> MAR-31-1995
<PERIOD-END> SEPT-30-1995
<INVESTMENTS-AT-COST > 1,236,049,776
<INVESTMENTS-AT-VALUE> 1,265,125,895
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<OTHER-ITEMS-ASSETS> 0
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<TOTAL-LIABILITIES> 47,004,871
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<PAID-IN-CAPITAL-COMMON> 1,298,543,807
<SHARES-COMMON-STOCK> 92,846,571
<SHARES-COMMON-PRIOR> 94,746,287
<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> 0
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<NET-ASSETS> 1,286,442,006
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<REALIZED-GAINS-CURRENT> (2,911,660)
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0
??
</TABLE>
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 Municipal Income Fund Class B AND IS QUALIFIED IN ITS ENT
IRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> SEMI
<FISCAL-YEAR-END> MAR-31-1995
<PERIOD-END> SEPT-30-1995
<INVESTMENTS-AT-COST 1,236,049,776
<INVESTMENTS-AT-VALUE> 1,265,125,895
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<PAID-IN-CAPITAL-COMMON> 1,298,543,807
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0
??
</TABLE>
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 Municipal Income Fund Class M AND IS QUALIFIED IN ITS ENT
IRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> SEMI
<FISCAL-YEAR-END> MAR-31-1995
<PERIOD-END> SEPT-30-1995
<INVESTMENTS-AT-COST 1,236,049,776
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<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (561,038)
<ACCUMULATED-NET-GAINS> 0
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0
??
</TABLE>
