PUTNAM DIVIDEND INCOME FUND
NSAR-B, 1997-08-29
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<PAGE>      PAGE  1
000 B000000 06/30/97
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<PAGE>      PAGE  9
SIGNATURE   PAUL BUCUVALAS                               
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Putnam Dividend Income Fund
</LEGEND>
<SERIES>
   <NUMBER> 1
   <NAME> CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                      176,340,355
<INVESTMENTS-AT-VALUE>                     180,419,158
<RECEIVABLES>                                2,411,947
<ASSETS-OTHER>                                      94
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             182,831,199
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,073,773
<TOTAL-LIABILITIES>                          1,073,773
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   122,164,096
<SHARES-COMMON-STOCK>                       10,821,255
<SHARES-COMMON-PRIOR>                       10,821,255
<ACCUMULATED-NII-CURRENT>                      280,350
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                   (4,765,823)
<ACCUM-APPREC-OR-DEPREC>                     4,078,803
<NET-ASSETS>                               181,757,426
<DIVIDEND-INCOME>                           12,766,773
<INTEREST-INCOME>                              320,885
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,719,484
<NET-INVESTMENT-INCOME>                     11,368,174
<REALIZED-GAINS-CURRENT>                       614,252
<APPREC-INCREASE-CURRENT>                    6,446,464
<NET-CHANGE-FROM-OPS>                       18,428,890
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (10,735,402)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       7,693,488
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                      (352,422)
<OVERDIST-NET-GAINS-PRIOR>                 (5,380,075)
<GROSS-ADVISORY-FEES>                        1,325,844
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,773,375
<AVERAGE-NET-ASSETS>                       114,043,689
<PER-SHARE-NAV-BEGIN>                            10.54
<PER-SHARE-NII>                                   1.05
<PER-SHARE-GAIN-APPREC>                            .65
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.01)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.23
<EXPENSE-RATIO>                                   1.51
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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