Securities and Exchange Commission
Washington, D.C. 20549
Form 11-K
Annual Report
Pursuant to Section 15 (d) of the Securities
Exchange Act of 1934 For Fiscal Year Ended
December 31,1996
A. Full title of the plan:
PUTNAM INVESTMENTS, INC.
PROFIT SHARING RETIREMENT
PLAN
B. Name the issuer of the securities held
pursuant to the Plan and the address of its
principal executive office:
MARSH & McLENNAN COMPANIES, INC.
1166 Avenue of the Americas New York,
NY 10036
PUTNAM INVESTMENTS, INC.
PROFIT SHARING RETIREMENT
PLAN
The Trustees of the plan currently are Gregory F. Van Gundy,
Frank J. Borelli, and Francis N. Bonsignore. Mr. Van Gundy is
General Counsel and Secretary of Marsh & McLennan Companies,
Incorporated (MMC). Mr. Borelli is Senior Vice President and
Chief Financial Officer of MMC. Mr. Bonsignore is Senior Vice
President - Human Resources and Administration of MMC and has
been appointed as Plan Administrator. The business address of
all the Trustees is c/o MMC, 1166 Avenue of the Americas, New
York, NY 10036.
The members of the Application Review Committee currently are
Douglas B. Jamieson, Robert W. Burke, and Karen L. Kay. They
are officers of Putnam Investments, Inc. or its subsidiaries.
The business address of each Committee member is c/o Putnam
Investments, Inc. One Post Office Square, Boston, MA 02109.
The financial statements of the Plan are included in this Form
11K and consists of the statements of net assets available for
plan benefits as of December 31, 1996 and 1995, and the
statements of changes in net assets available for plan benefits
for the years ended December 31, 1996 and 1995 and the report
and consent of Deloitte & Touche, independent public
accountants, with respect thereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Trustees of Putnam Investments, Inc. Profit Sharing
Retirement Plan have duly caused this annual report to be signed
this 26th day of June, 1997 by the undersigned thereunto duly
authorized.
PUTNAM INVESTMENTS, INC.
PROFIT SHARING RETIREMENT PLAN
By _____________________________
__ Francis N. Bonsignore
Plan Administrator
INDEPENDENT AUDITORS' CONSENT
Putnam Investments, Inc. Profit Sharing Retirement Plan:
We hereby consent to the incorporation by reference in
Registration Statement No. 2-65096 of Putnam Investments, Inc.
on Form S-8 of our report dated March 21, 1997, appearing in
this Annual Report on Form 11-K of Putnam Investments, Inc.
Profit Sharing Retirement Plan for the years ended December 31,
1996 and 1995, respectively.
Boston, Massachusetts
June 19, 1997
June 27, 1997
Securities & Exchange Commission
450th Street
N.W. Washington D.C., 20549
Re: Form 11k Filing
Putnam Investments, Inc. Profit Sharing Retirement Plan
Dear Ladies and Gentleman:
Attached is the required annual Form 11k filing for the Putnam
Investments, Inc. Profit sharing Retirement Plan. This form is
submitted electronically today June 27, 1997 for the plan year
ending 1996.
Very Truly Yours,
Mark D. Goodfellow
Putnam Investments, Inc.
