<PAGE> PAGE 1
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000 C000000 0000855048
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001 B000000 811-5901
001 C000000 6172921562
002 A000000 ONE POST OFFICE SQUARE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003 000000 N
004 000000 N
005 000000 N
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007 C010600 6
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007 C010800 8
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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
012 B000001 84-401299
012 C010001 BOSTON
012 C020001 MA
012 C030001 02109
013 A000001 PRICE WATERHOUSE LLP
013 B010001 BOSTON
013 B020001 MA
<PAGE> PAGE 2
013 B030001 02110
015 A000001 PUTNAM FUDUCIARY 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
022 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000001 13-5674085
022 C000001 242100
022 D000001 236764
022 A000002 PAINWEBBER INC.
022 B000002 13-2638166
022 C000002 150865
022 D000002 142011
022 A000003 LEHMAN BROTHERS
022 B000003 13-2518466
022 C000003 67416
022 D000003 82399
022 A000004 MORGAN STANLEY INC.
022 B000004 13-2655998
022 C000004 73657
022 D000004 68577
022 A000005 BEAR STERNS & CO
022 B000005 13-4946705
022 C000005 62480
022 D000005 56829
022 A000006 WILLIAM E SIMON & SONS, INC.
022 B000006 22-3017217
022 C000006 36819
022 D000006 43991
022 A000007 REINSOSO & CO., INC.
022 B000007 13-3318919
022 C000007 32937
022 D000007 31082
022 A000008 MORGAN (J.P.) SECURITES INC
022 B000008 13-3224016
022 C000008 30750
022 D000008 15465
022 A000009 OPPENHEIMER & CO INC
022 B000009 13-2798343
022 C000009 26001
022 D000009 19318
022 A000010 GOLDMAN SACHS & CO .
022 B000010 13-5108880
022 C000010 24801
022 D000010 19106
<PAGE> PAGE 3
023 C000000 887112
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<PAGE> PAGE 4
070 A020000 N
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<PAGE> PAGE 5
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<PAGE> PAGE 6
074 V020000 0.00
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080 C000000 45000
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SIGNATURE PAUL BUCUVALAS
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
FINANCIAL DATA SCHEDULE FOR FUND PUTNAM INVESTMENT GRADE MUNICIPAL TRUST
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-30-1996
<PERIOD-END> NOV-30-1996
<INVESTMENTS-AT-COST> 360,961,886
<INVESTMENTS-AT-VALUE> 378,439,969
<RECEIVABLES> 7,771,833
<ASSETS-OTHER> 891,422
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 387,103,224
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,613,314
<TOTAL-LIABILITIES> 2,613,314
<SENIOR-EQUITY> 140,000,000
<PAID-IN-CAPITAL-COMMON> 226,369,604
<SHARES-COMMON-STOCK> 20,470,991
<SHARES-COMMON-PRIOR> 20,272,824
<ACCUMULATED-NII-CURRENT> 8,901,036
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (8,206,313)
<ACCUM-APPREC-OR-DEPREC> 17,425,583
<NET-ASSETS> 384,489,910
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 25,381,825
<OTHER-INCOME> 0
<EXPENSES-NET> 3,507,663
<NET-INVESTMENT-INCOME> 21,874,192
<REALIZED-GAINS-CURRENT> 17,036
<APPREC-INCREASE-CURRENT> (6,157,973)
<NET-CHANGE-FROM-OPS> 15,733,255
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (24,768,158)
<DISTRIBUTIONS-OF-GAINS> (45,038)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (6,512,850)
<ACCUMULATED-NII-PRIOR> 11,316,328
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (7,695,303)
<GROSS-ADVISORY-FEES> 2,679,663
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,620,282
<AVERAGE-NET-ASSETS> 243,242,070
<PER-SHARE-NAV-BEGIN> 12.37
<PER-SHARE-NII> 1.06
<PER-SHARE-GAIN-APPREC> (.28)
<PER-SHARE-DIVIDEND> (1.21)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.94
<EXPENSE-RATIO> 1.49
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
