<PAGE> PAGE 1
000 A000000 02/29/96
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007 C010700 7
007 C020700 PUTNAM INTERNATIONAL OPPORTUNITIES FUND
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007 C010800 8
007 C020800 PUTNAM EMERGING GROWTH FUND
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<PAGE> PAGE 2
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020 A000001 NIKKO SECURITIES CO. INTERNATIONAL INC.
020 B000001 94-1302123
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020 A000002 KLEINWORT BENSON INC.
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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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 Real Estate Opportunities AND IS QUALIFIED IN ITS ENTIRET
Y BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> SEMI
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??
</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 Japan Fund AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
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</LEGEND>
<S> <C>
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<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,486
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,784
<AVERAGE-NET-ASSETS> 3,136,798
<PER-SHARE-NAV-BEGIN> 8.50
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> (.06)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.44
<EXPENSE-RATIO> .25
<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 International Fund AND IS QUALIFIED IN ITS ENTIRETY BY RE
FERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END>
<PERIOD-END> FEB-29-1996
<INVESTMENTS-AT-COST > 3,039,826 <INVESTMENTS-AT-VALUE> 3,037,814
<RECEIVABLES> 18,534
<ASSETS-OTHER> 51,488
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,107,836
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 14,951
<TOTAL-LIABILITIES> 14,951
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,090,534
<SHARES-COMMON-STOCK> 363,486
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 3,971
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 405
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,025)
<NET-ASSETS> 3,092,885
<DIVIDEND-INCOME> 5,580
<INTEREST-INCOME> 5,833
<OTHER-INCOME> 0
<EXPENSES-NET> 7,442
<NET-INVESTMENT-INCOME> 3,971
<REALIZED-GAINS-CURRENT> 405
<APPREC-INCREASE-CURRENT> 2,025
<NET-CHANGE-FROM-OPS> 2,351
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,560
<NUMBER-OF-SHARES-REDEEMED> (15)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 92,885
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,242
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,693
<AVERAGE-NET-ASSETS> 3,078,970
<PER-SHARE-NAV-BEGIN> 8.50
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.51
<EXPENSE-RATIO> .25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
??
</TABLE>
