PUTNAM DIVERSIFIED EQUITY TRUST
NSAR-A, 1999-10-27
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<PAGE>      PAGE  1
000 A000000 08/31/99
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000 J000000 A
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002 A000000 ONE POST OFFICE SQUARE
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002 C000000 MA
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<PAGE>      PAGE  2
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<PAGE>      PAGE  9
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SIGNATURE   PAUL BUCUVALAS
TITLE       MANAGING DIRECTOR


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Putnam Global Equity Fund
</LEGEND>
<SERIES>
   <NUMBER> 4
   <NAME> CLASS A

<S>                             <C>
<PERIOD-TYPE>                   Semi
<FISCAL-YEAR-END>                          FEB-28-1999
<PERIOD-END>                               Aug-31-1999
<INVESTMENTS-AT-COST>                      730,246,141
<INVESTMENTS-AT-VALUE>                     858,726,223
<RECEIVABLES>                               25,941,175
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             884,667,398
<PAYABLE-FOR-SECURITIES>                     7,817,660
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   14,767,121
<TOTAL-LIABILITIES>                         22,584,781
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   616,495,076
<SHARES-COMMON-STOCK>                       24,019,152
<SHARES-COMMON-PRIOR>                       22,212,049
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                       (574,614)
<ACCUMULATED-NET-GAINS>                    117,699,068
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   128,463,087
<NET-ASSETS>                               862,082,617
<DIVIDEND-INCOME>                            6,014,975
<INTEREST-INCOME>                              157,634
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               6,388,033
<NET-INVESTMENT-INCOME>                      (215,424)
<REALIZED-GAINS-CURRENT>                    78,132,669
<APPREC-INCREASE-CURRENT>                   17,212,043
<NET-CHANGE-FROM-OPS>                       95,129,288
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      4,900,291
<NUMBER-OF-SHARES-REDEEMED>                (3,093,188)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     152,566,859
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   39,566,399
<OVERDISTRIB-NII-PRIOR>                      (359,190)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,672,912
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              6,440,539
<AVERAGE-NET-ASSETS>                       343,424,603
<PER-SHARE-NAV-BEGIN>                            13.62
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                           1.81
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.45
<EXPENSE-RATIO>                                    .62
[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>
Putnam Global Equity Fund
</LEGEND>
<SERIES>
   <NUMBER> 4
   <NAME> CLASS B

<S>                             <C>
<PERIOD-TYPE>                   Semi
<FISCAL-YEAR-END>                          Feb-28-1999
<PERIOD-END>                               Aug-31-1999
<INVESTMENTS-AT-COST>                      730,246,141
<INVESTMENTS-AT-VALUE>                     858,726,223
<RECEIVABLES>                               25,941,175
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             884,667,398
<PAYABLE-FOR-SECURITIES>                     7,817,660
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   14,767,121
<TOTAL-LIABILITIES>                         22,584,781
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   616,495,076
<SHARES-COMMON-STOCK>                       29,508,206
<SHARES-COMMON-PRIOR>                       28,154,118
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                       (574,614)
<ACCUMULATED-NET-GAINS>                    117,699,068
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   128,463,087
<NET-ASSETS>                               862,082,617
<DIVIDEND-INCOME>                            6,014,975
<INTEREST-INCOME>                              157,634
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               6,388,033
<NET-INVESTMENT-INCOME>                      (215,424)
<REALIZED-GAINS-CURRENT>                    78,132,669
<APPREC-INCREASE-CURRENT>                   17,212,043
<NET-CHANGE-FROM-OPS>                       95,129,288
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      6,211,994
<NUMBER-OF-SHARES-REDEEMED>                (4,857,906)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     152,566,859
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   39,566,399
<OVERDISTRIB-NII-PRIOR>                      (359,190)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,672,912
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              6,440,539
<AVERAGE-NET-ASSETS>                       420,965,688
<PER-SHARE-NAV-BEGIN>                            13.40
<PER-SHARE-NII>                                  (.03)
<PER-SHARE-GAIN-APPREC>                           1.78
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.15
<EXPENSE-RATIO>                                    .95
[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>
Putnam Global Equity Fund
</LEGEND>
<SERIES>
   <NUMBER> 4
   <NAME> CLASS C

<S>                             <C>
<PERIOD-TYPE>                   Semi
<FISCAL-YEAR-END>                          Feb-28-1999
<PERIOD-END>                               Aug-31-1999
<INVESTMENTS-AT-COST>                      730,246,141
<INVESTMENTS-AT-VALUE>                     858,726,223
<RECEIVABLES>                               25,941,175
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             884,667,398
<PAYABLE-FOR-SECURITIES>                     7,817,660
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   14,767,121
<TOTAL-LIABILITIES>                         22,584,781
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   616,495,076
<SHARES-COMMON-STOCK>                          434,595
<SHARES-COMMON-PRIOR>                           13,918
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                       (574,614)
<ACCUMULATED-NET-GAINS>                    117,699,068
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   128,463,087
<NET-ASSETS>                               862,082,617
<DIVIDEND-INCOME>                            6,014,975
<INTEREST-INCOME>                              157,634
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               6,388,033
<NET-INVESTMENT-INCOME>                      (215,424)
<REALIZED-GAINS-CURRENT>                    78,132,669
<APPREC-INCREASE-CURRENT>                   17,212,043
<NET-CHANGE-FROM-OPS>                       95,129,288
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        447,343
<NUMBER-OF-SHARES-REDEEMED>                   (26,666)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     152,566,859
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   39,566,399
<OVERDISTRIB-NII-PRIOR>                      (359,190)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,672,912
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              6,440,539
<AVERAGE-NET-ASSETS>                         3,187,209
<PER-SHARE-NAV-BEGIN>                            13.63
<PER-SHARE-NII>                                  (.03)
<PER-SHARE-GAIN-APPREC>                           1.81
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.41
<EXPENSE-RATIO>                                    .95
[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>
Putnam Global Equity Fund
</LEGEND>
<SERIES>
   <NUMBER> 4
   <NAME> CLASS M

<S>                             <C>
<PERIOD-TYPE>                   Semi
<FISCAL-YEAR-END>                          Feb-28-1999
<PERIOD-END>                               Aug-31-1999
<INVESTMENTS-AT-COST>                      730,246,141
<INVESTMENTS-AT-VALUE>                     858,726,223
<RECEIVABLES>                               25,941,175
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             884,667,398
<PAYABLE-FOR-SECURITIES>                     7,817,660
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   14,767,121
<TOTAL-LIABILITIES>                         22,584,781
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   616,495,076
<SHARES-COMMON-STOCK>                        2,429,861
<SHARES-COMMON-PRIOR>                        2,179,428
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                       (574,614)
<ACCUMULATED-NET-GAINS>                    117,699,068
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   128,463,087
<NET-ASSETS>                               862,082,617
<DIVIDEND-INCOME>                            6,014,975
<INTEREST-INCOME>                              157,634
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               6,388,033
<NET-INVESTMENT-INCOME>                      (215,424)
<REALIZED-GAINS-CURRENT>                    78,132,669
<APPREC-INCREASE-CURRENT>                   17,212,043
<NET-CHANGE-FROM-OPS>                       95,129,288
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        481,353
<NUMBER-OF-SHARES-REDEEMED>                  (230,920)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     152,566,859
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   39,566,399
<OVERDISTRIB-NII-PRIOR>                      (359,190)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,672,912
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              6,440,539
<AVERAGE-NET-ASSETS>                        34,435,342
<PER-SHARE-NAV-BEGIN>                            13.48
<PER-SHARE-NII>                                  (.01)
<PER-SHARE-GAIN-APPREC>                           1.79
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.26
<EXPENSE-RATIO>                                    .82
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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