PUTNAM DIVIDEND INCOME FUND
NSAR-A, 1999-03-02
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<PAGE>      PAGE  1
000 A000000 12/31/98
000 C000000 0000853474
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SIGNATURE   PAUL BUCUVALAS                               
TITLE       MANAGING DIRECTOR   
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Putnam Dividend Income Fund
</LEGEND>
<SERIES>
   <NUMBER> 1
   <NAME> CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                         JUNE-30-1999
<PERIOD-END>                               DEC-31-1998
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<INVESTMENTS-AT-VALUE>                     125,192,168
<RECEIVABLES>                                  748,115
<ASSETS-OTHER>                                     748
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             128,941,031
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<OTHER-ITEMS-LIABILITIES>                    1,033,596
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   122,206,532
<SHARES-COMMON-STOCK>                       10,824,907
<SHARES-COMMON-PRIOR>                       10,821,255
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                       (435,610)
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     (230,787)
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<NET-ASSETS>                               124,907,435
<DIVIDEND-INCOME>                            4,167,614
<INTEREST-INCOME>                               25,716
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 590,723
<NET-INVESTMENT-INCOME>                      3,602,607
<REALIZED-GAINS-CURRENT>                       429,646
<APPREC-INCREASE-CURRENT>                  (4,031,946)
<NET-CHANGE-FROM-OPS>                              307
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (3,735,917)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                               3652
<NET-CHANGE-IN-ASSETS>                     (3,693,174)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                      (302,300)
<OVERDIST-NET-GAINS-PRIOR>                   (660,433)
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                597,935
<AVERAGE-NET-ASSETS>                       126,764,543
<PER-SHARE-NAV-BEGIN>                            11.88
<PER-SHARE-NII>                                    .33
<PER-SHARE-GAIN-APPREC>                          (.32)
<PER-SHARE-DIVIDEND>                             (.35)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.54
<EXPENSE-RATIO>                                    .47
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</TABLE>


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