PUTNAM OVERSEAS GROWTH FUND
NSAR-A, 1995-03-01
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<PAGE>      PAGE  1
000 A000000 12/31/94
000 C000000 0000868648
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 PUTNAM OVERSEAS GROWTH FUND
001 B000000 811-6190
001 C000000 6172921562
002 A000000 BOSTON
002 B000000 MA
002 C000000 MA
002 D010000 02109
003  000000 N
004  000000 N
005  000000 N
006  000000 N
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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 801-7974
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 84-0000
012 C010001 BOSTON
012 C020001 MA
012 C030001 02109
013 A000001 COOPERS & LYBRAND
013 B010001 BOSTON
013 B020001 MA
<PAGE>      PAGE  2
013 B030001 02109
015 A000001 BROWN BROTHERS HARRIMAN
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000   86
019 C000000 PUTNAMFUND
020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000001 13-5674085
020 C000001     27
020 A000002 ROBERT FLEMING, INC.
020 B000002 13-3298866
020 C000002     15
020 A000003 GOLDMAN SACHS & CO.
020 B000003 13-5108880
020 C000003     12
020 A000004 S.G. WARBURG & CO., INC.
020 B000004 13-3340045
020 C000004      9
020 A000005 MORGAN STANLEY & CO.
020 B000005 13-2655998
020 C000005      7
020 A000006 THAMESWAY INCORPORATEDARKS, INC.
020 B000006 FOREIGN
020 C000006      6
020 A000007 BARCLAYS DE ZEOTE WEDD SECURITIES
020 B000007 13-3551367
020 C000007      4
020 A000008 SALOMON BROTHERS INC.
020 B000008 13-3082694
020 C000008      3
020 A000009 CAZENOVE INCORPORATED
020 B000009 94-1658952
020 C000009      3
020 A000010 KLEINWORT BENSON
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020 C000010      3
021  000000      116
022 A000001 LEHMAN BROTHERS
022 B000001 13-2518466
022 C000001    215884
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022 B000002 13-5108880
022 C000002     20373
022 D000002         0
022 A000003 J.P. MORGAN SECURITIES, INC.
<PAGE>      PAGE  3
022 B000003 13-3224016
022 C000003     32391
022 D000003         0
022 A000004 NOMURA SECURITIES, INC.
022 B000004 13-2642206
022 C000004      8000
022 D000004         0
022 A000005 SMITH BARNEY SHEARSON
022 B000005 13-1912900
022 C000005      7000
022 D000005         0
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022 C000006      5248
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<PAGE>      PAGE  6
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<PAGE>      PAGE  9
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SIGNATURE   GORDON H. SILVER                             
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 Overseas Growth Class A AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                                 <C>
<PERIOD-TYPE>                                      YEAR
<FISCAL-YEAR-END>                           JUN-30-1994
<PERIOD-END>                                DEC-31-1994
<INVESTMENTS-AT-COST>                        40,512,261
<INVESTMENTS-AT-VALUE>                       40,538,537
<RECEIVABLES>                                   414,334
<ASSETS-OTHER>                                    5,442
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                               40,956,313
<PAYABLE-FOR-SECURITIES>                        114,394
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                       207,712
<TOTAL-LIABILITIES>                             322,106
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                     40,709,989
<SHARES-COMMON-STOCK>                         2,035,302
<SHARES-COMMON-PRIOR>                           742,421
<ACCUMULATED-NII-CURRENT>                             0
<OVERDISTRIBUTION-NII>                         (34,893)
<ACCUMULATED-NET-GAINS>                        (37,835)
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                        (1,610)
<NET-ASSETS>                                 40,634,207
<DIVIDEND-INCOME>                               111,276
<INTEREST-INCOME>                                65,447
<OTHER-INCOME>                                        0
<EXPENSES-NET>                                  211,616
<NET-INVESTMENT-INCOME>                        (34,893)
<REALIZED-GAINS-CURRENT>                        174,036
<APPREC-INCREASE-CURRENT>                     (689,402)
<NET-CHANGE-FROM-OPS>                         (553,186)
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                             0
<DISTRIBUTIONS-OF-GAINS>                      (327,617)
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                       1,663,388
<NUMBER-OF-SHARES-REDEEMED>                   (397,900)
<SHARES-REINVESTED>                                   0
<NET-CHANGE-IN-ASSETS>                       29,382,931
<ACCUMULATED-NII-PRIOR>                               0
<ACCUMULATED-GAINS-PRIOR>                       340,990
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                            0
<GROSS-ADVISORY-FEES>                            68,373
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                                 211,616
<AVERAGE-NET-ASSETS>                         25,981,885
<PER-SHARE-NAV-BEGIN>                             11.83
<PER-SHARE-NII>                                       0
<PER-SHARE-GAIN-APPREC>                             .09
<PER-SHARE-DIVIDEND>                                  0
<PER-SHARE-DISTRIBUTIONS>                         (.17)
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                               11.75
<EXPENSE-RATIO>                                     .76
<AVG-DEBT-OUTSTANDING>                                0
<AVG-DEBT-PER-SHARE>                                  0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM Putnam Overseas Growth Class B AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                                 <C>
<PERIOD-TYPE>                                      YEAR
<FISCAL-YEAR-END>                           JUN-30-1994
<PERIOD-END>                                DEC-31-1994
<INVESTMENTS-AT-COST>                        40,512,261
<INVESTMENTS-AT-VALUE>                       40,538,537
<RECEIVABLES>                                   414,334
<ASSETS-OTHER>                                    3,442
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                               40,956,313
<PAYABLE-FOR-SECURITIES>                        114,394
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                       207,712
<TOTAL-LIABILITIES>                             322,106
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                     40,709,989
<SHARES-COMMON-STOCK>                         1,424,048
<SHARES-COMMON-PRIOR>                           209,041
<ACCUMULATED-NII-CURRENT>                             0
<OVERDISTRIBUTION-NII>                         (34,893)
<ACCUMULATED-NET-GAINS>                        (37,835)
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                        (1,610)
<NET-ASSETS>                                 40,634,207
<DIVIDEND-INCOME>                               111,276
<INTEREST-INCOME>                                65,447
<OTHER-INCOME>                                        0
<EXPENSES-NET>                                  211,616
<NET-INVESTMENT-INCOME>                        (34,893)
<REALIZED-GAINS-CURRENT>                        174,036
<APPREC-INCREASE-CURRENT>                     (689,402)
<NET-CHANGE-FROM-OPS>                         (553,186)
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                             0
<DISTRIBUTIONS-OF-GAINS>                      (224,423)
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                       1,380,498
<NUMBER-OF-SHARES-REDEEMED>                   (183,752)
<SHARES-REINVESTED>                                   0
<NET-CHANGE-IN-ASSETS>                       29,382,931
<ACCUMULATED-NII-PRIOR>                               0
<ACCUMULATED-GAINS-PRIOR>                       340,990
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                            0
<GROSS-ADVISORY-FEES>                            68,373
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                                 211,616
<AVERAGE-NET-ASSETS>                          9,654,882
<PER-SHARE-NAV-BEGIN>                             11.82
<PER-SHARE-NII>                                   (.03)
<PER-SHARE-GAIN-APPREC>                             .07
<PER-SHARE-DIVIDEND>                                  0
<PER-SHARE-DISTRIBUTIONS>                         (.17)
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                               11.69
<EXPENSE-RATIO>                                     .34
<AVG-DEBT-OUTSTANDING>                                0
<AVG-DEBT-PER-SHARE>                                  0
        

</TABLE>


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