PUTNAM CAPITAL APPRECIATION FUND
NSAR-B, EX-27, 2000-07-28
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Putnam Capital Appreciation Fund
</LEGEND>
<SERIES>
   <NUMBER> 3
   <NAME> CLASS B

<S>                             <C>
<PERIOD-TYPE>                   ANNUAL
<FISCAL-YEAR-END>                          MAY-31-2000
<PERIOD-END>                               MAY-31-2000
<INVESTMENTS-AT-COST>                    1,773,306,419
<INVESTMENTS-AT-VALUE>                   2,115,605,733
<RECEIVABLES>                               31,778,829
<ASSETS-OTHER>                               9,833,341
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           2,157,217,903
<PAYABLE-FOR-SECURITIES>                    29,688,596
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   10,570,612
<TOTAL-LIABILITIES>                         40,259,208
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,547,151,631
<SHARES-COMMON-STOCK>                       44,765,414
<SHARES-COMMON-PRIOR>                       62,852,676
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    227,446,123
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   342,360,941
<NET-ASSETS>                             2,116,958,695
<DIVIDEND-INCOME>                           18,790,479
<INTEREST-INCOME>                            1,731,078
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              31,513,873
<NET-INVESTMENT-INCOME>                   (10,992,316)
<REALIZED-GAINS-CURRENT>                   324,375,964
<APPREC-INCREASE-CURRENT>                 (49,640,129)
<NET-CHANGE-FROM-OPS>                      263,743,519
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                  (22,037,891)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,457,026
<NUMBER-OF-SHARES-REDEEMED>               (22,355,117)
<SHARES-REINVESTED>                            810,829
<NET-CHANGE-IN-ASSETS>                   (581,654,687)
<ACCUMULATED-NII-PRIOR>                      6,753,608
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                (42,687,742)
<GROSS-ADVISORY-FEES>                       12,772,500
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             32,241,448
<AVERAGE-NET-ASSETS>                     1,229,151,150
<PER-SHARE-NAV-BEGIN>                            21.66
<PER-SHARE-NII>                                  (.18)
<PER-SHARE-GAIN-APPREC>                           2.36
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        (.45)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              23.39
<EXPENSE-RATIO>                                   1.63
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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