PUTNAM DIVERSIFIED EQUITY TRUST
NSAR-A, EX-27, 2000-10-27
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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-29-2001
<PERIOD-END>                               Aug-31-2000
<INVESTMENTS-AT-COST>                    1,226,932,979
<INVESTMENTS-AT-VALUE>                   1,499,066,220
<RECEIVABLES>                               42,870,404
<ASSETS-OTHER>                               7,456,164
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,549,392,788
<PAYABLE-FOR-SECURITIES>                    52,275,951
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    7,666,417
<TOTAL-LIABILITIES>                         59,942,368
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,055,701,405
<SHARES-COMMON-STOCK>                        3,339,684
<SHARES-COMMON-PRIOR>                        3,074,517
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                     (3,139,508)
<ACCUMULATED-NET-GAINS>                    164,841,352
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   272,047,171
<NET-ASSETS>                             1,489,450,420
<DIVIDEND-INCOME>                           22,819,339
<INTEREST-INCOME>                              548,285
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              10,214,817
<NET-INVESTMENT-INCOME>                     13,152,807
<REALIZED-GAINS-CURRENT>                    66,581,322
<APPREC-INCREASE-CURRENT>                (135,668,207)
<NET-CHANGE-FROM-OPS>                     (56,002,488)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        839,425
<NUMBER-OF-SHARES-REDEEMED>                  (574,258)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      71,746,105
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   98,260,030
<OVERDISTRIB-NII-PRIOR>                   (16,292,315)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        4,443,658
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             10,694,859
<AVERAGE-NET-ASSETS>                        58,120,753
<PER-SHARE-NAV-BEGIN>                            19.07
<PER-SHARE-NII>                                    .16
<PER-SHARE-GAIN-APPREC>                          (.93)
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.30
<EXPENSE-RATIO>                                    .79
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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