PUTNAM DIVERSIFIED EQUITY TRUST
NSAR-B, 1996-04-29
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<PAGE>      PAGE  1
000 B000000 02/29/96
000 C000000 0000921264
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000 E000000 NF
000 F000000 Y
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000 I000000 3.0
000 J000000 U
001 A000000 PUTNAM DIVERSIFIED EQUITY TRUST
001 B000000 811-7615
001 C000000 6172921471
002 A000000 ONE POST OFFICE SQUARE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003  000000 Y
004  000000 N
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007 A000000 N
007 B000000  0
013 A000001 PRICE WATERHOUSE LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02110
015 A000001 PUTNAM FIDUCIARY TRUST CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E010001 X
015 A000002 BANKERS TRUST
015 B000002 S
015 C010002 NY
015 C020002 NY
015 C030002 10004
015 E010002 X
018  000000 Y
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024  000000 N
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<PAGE>      PAGE  2
034  000000 Y
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<PAGE>      PAGE  3
062 R000000   0.0
067  000000 N
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<PAGE>      PAGE  4
080 A000000 FEDERAL INSURANCE CO
080 B000000 NATIONAL FIRE INSURANCE CO
080 C000000    50000
081 A000000 Y
081 B000000  97
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083 A000000 N
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084 B000000        0
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SIGNATURE   PAUL BUCUVALAS                               
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 Diversified Equity Trust Class A AND IS QUALIFIED IN ITS 
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         YEAR
<FISCAL-YEAR-END>	FEB-29-1996
<PERIOD-END>	FEB-29-1996
<INVESTMENTS-AT-COST >                                                            	256,196,910	    <INVESTMENTS-AT-VALUE>	298,350,98
7
<RECEIVABLES>	5,179,222
<ASSETS-OTHER>	93,523
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	303,623,732
<PAYABLE-FOR-SECURITIES>	5,389,312
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	1,141,378
<TOTAL-LIABILITIES>	6,530,690
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	246,422,561
<SHARES-COMMON-STOCK>	12,931,633
<SHARES-COMMON-PRIOR>	10,549,334
<ACCUMULATED-NII-CURRENT>	798,013
<OVERDISTRIBUTION-NII>	0
<ACCUMULATED-NET-GAINS>	7,456,727
<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	42,415,741
<NET-ASSETS>	297,093,042
<DIVIDEND-INCOME>	4,125,172
<INTEREST-INCOME>	753,253
<OTHER-INCOME>	0
<EXPENSES-NET>	4,112,654
<NET-INVESTMENT-INCOME>	765,771
<REALIZED-GAINS-CURRENT>	18,560,324
<APPREC-INCREASE-CURRENT>	40,491,651
<NET-CHANGE-FROM-OPS>	59,817,746
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	(986,988)
<DISTRIBUTIONS-OF-GAINS>	(601,270)
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	4,339,724
<NUMBER-OF-SHARES-REDEEMED>	(2,485,011)
<SHARES-REINVESTED>	527,586
<NET-CHANGE-IN-ASSETS>	127,981,711
<ACCUMULATED-NII-PRIOR>	43,669
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	0
<OVERDIST-NET-GAINS-PRIOR>	(363,564)
<GROSS-ADVISORY-FEES>	1,623,157
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	4,209,023
<AVERAGE-NET-ASSETS>	118,597,771
<PER-SHARE-NAV-BEGIN>	8.83
<PER-SHARE-NII>	.06
<PER-SHARE-GAIN-APPREC>	2.60
<PER-SHARE-DIVIDEND>	0
<PER-SHARE-DISTRIBUTIONS>	(.47)
<RETURNS-OF-CAPITAL>	0
<PER-SHARE-NAV-END>	11.02
<EXPENSE-RATIO>	1.56
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0
        	
??  

</TABLE>
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 Diversified Equity Trust Class B AND IS QUALIFIED IN ITS 
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         YEAR
<FISCAL-YEAR-END>	FEB-29-1996
<PERIOD-END>	FEB-29-1996
<INVESTMENTS-AT-COST >                                                            	256,196,910	    <INVESTMENTS-AT-VALUE>	298,350,98
7
<RECEIVABLES>	5,179,222
<ASSETS-OTHER>	93,523
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	303,623,732
<PAYABLE-FOR-SECURITIES>	5,389,312
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	1,141,378
<TOTAL-LIABILITIES>	6,530,690
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	246,422,561
<SHARES-COMMON-STOCK>	13,735,921
<SHARES-COMMON-PRIOR>	8,633,471
<ACCUMULATED-NII-CURRENT>	798,013
<OVERDISTRIBUTION-NII>	0
<ACCUMULATED-NET-GAINS>	7,456,727
<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	42,415,741
<NET-ASSETS>	297,093,042
<DIVIDEND-INCOME>	4,125,172
<INTEREST-INCOME>	753,253
<OTHER-INCOME>	0
<EXPENSES-NET>	4,112,654
<NET-INVESTMENT-INCOME>	765,771
<REALIZED-GAINS-CURRENT>	18,560,324
<APPREC-INCREASE-CURRENT>	40,491,651
<NET-CHANGE-FROM-OPS>	59,817,746
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	601,270
<DISTRIBUTIONS-OF-GAINS>	4,643,058
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	6,296,911
<NUMBER-OF-SHARES-REDEEMED>	(1,673,120)
<SHARES-REINVESTED>	478,659
<NET-CHANGE-IN-ASSETS>	127,981,711
<ACCUMULATED-NII-PRIOR>	43,669
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	0
<OVERDIST-NET-GAINS-PRIOR>	(363,564)
<GROSS-ADVISORY-FEES>	1,623,157
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	4,209,023
<AVERAGE-NET-ASSETS>	111,781,651
<PER-SHARE-NAV-BEGIN>	8.80
<PER-SHARE-NII>	.01
<PER-SHARE-GAIN-APPREC>	2.60
<PER-SHARE-DIVIDEND>	0
<PER-SHARE-DISTRIBUTIONS>	(.44)
<RETURNS-OF-CAPITAL>	0
<PER-SHARE-NAV-END>	10.97
<EXPENSE-RATIO>	2.09
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0
        	
??  

</TABLE>
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 Diversified Equity Trust Class M AND IS QUALIFIED IN ITS 
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         YEAR
<FISCAL-YEAR-END>	FEB-29-1996
<PERIOD-END>	FEB-29-1996
<INVESTMENTS-AT-COST >                                                            	256,196,910	    <INVESTMENTS-AT-VALUE>	298,350,98
7
<RECEIVABLES>	5,179,222
<ASSETS-OTHER>	93,523
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	303,623,732
<PAYABLE-FOR-SECURITIES>	5,389,312
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	1,141,378
<TOTAL-LIABILITIES>	6,530,690
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	246,422,561
<SHARES-COMMON-STOCK>	354,181
<SHARES-COMMON-PRIOR>	0
<ACCUMULATED-NII-CURRENT>	798,013
<OVERDISTRIBUTION-NII>	0
<ACCUMULATED-NET-GAINS>	7,456,727
<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	421,415,741
<NET-ASSETS>	297,093,042
<DIVIDEND-INCOME>	4,125,172
<INTEREST-INCOME>	753,253
<OTHER-INCOME>	0
<EXPENSES-NET>	4,112,654
<NET-INVESTMENT-INCOME>	765,771
<REALIZED-GAINS-CURRENT>	17,048,318
<APPREC-INCREASE-CURRENT>	40,066,295
<NET-CHANGE-FROM-OPS>	59,817,746
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	14,412
<DISTRIBUTIONS-OF-GAINS>	74,702
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	355,970
<NUMBER-OF-SHARES-REDEEMED>	(10,343)
<SHARES-REINVESTED>	8,554
<NET-CHANGE-IN-ASSETS>	127,981,711
<ACCUMULATED-NII-PRIOR>	43,669
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	0
<OVERDIST-NET-GAINS-PRIOR>	(363,564)
<GROSS-ADVISORY-FEES>	1,623,157
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	4,209,023
<AVERAGE-NET-ASSETS>	1,815,605
<PER-SHARE-NAV-BEGIN>	9.76
<PER-SHARE-NII>	.01
<PER-SHARE-GAIN-APPREC>	1.72
<PER-SHARE-DIVIDEND>	0
<PER-SHARE-DISTRIBUTIONS>	(.47)
<RETURNS-OF-CAPITAL>	0
<PER-SHARE-NAV-END>	11.01
<EXPENSE-RATIO>	1.23
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0
        	
??  ^

</TABLE>


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