PUTNAM INVESTMENT FUNDS
NSAR-B, 1996-09-27
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<PAGE>      PAGE  1
000 B000000 07/31/96
000 C000000 0000932101
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 PUTNAM INVESTMENT FUNDS
001 B000000 811-7237
001 C000000 6172921562
002 A000000 ONE POST OFFICE SQUARE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 11
007 C010100  1
007 C020100 PUTNAM AMERICAN RENAISSANCE FUND
007 C030100 N
007 C010200  2
007 C020200 PUTNAM RESEARCH FUND
007 C030200 N
007 C010300  3
007 C020300 PUTNAM BALANCED FUND
007 C030300 N
007 C010400  4
007 C020400 PUTNAM NEW VALUE FUND
007 C030400 N
007 C010500  5
007 C020500 PUTNAM GLOBAL GROWTH & INCOME FUND
007 C030500 N
007 C010600  6
007 C020600 PUTNAM REAL ESTATE OPPORTUNITIES FUND
007 C030600 N
007 C010700  7
007 C020700 PUTNAM INTERNATIONAL OPPORTUNITIES FUND
007 C030700 N
007 C010800  8
007 C020800 PUTNAM EMERGING GROWTH FUND
007 C030800 N
007 C010900  9
007 C020900 PUTNAM INTERNATIONAL FUND
007 C030900 N
007 C011000 10
007 C021000 PUTNAM GENESIS FUND
<PAGE>      PAGE  2
007 C031000 N
077 A000000 Y
077 B000000 Y
080 A00AA00 FEDERAL INSURANCE COMPANY
080 B00AA00 NATIONAL UNION FIRE INSURANCE COMPANY
080 C00AA00    85000
081 A00AA00 Y
081 B00AA00  97
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
062 A000100 N
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
071 A000100      5787
071 B000100      3585
071 C000100      2372
071 D000100  151
072 A000100 10
074 N000100     2704
074 T000100     2647
075 A000100        0
075 B000100     2424
062 A000200 N
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
<PAGE>      PAGE  3
062 I000200   0.0
062 J000200   0.0
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062 L000200   0.0
062 M000200   0.0
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062 O000200   0.0
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071 A000200     10138
071 B000200      4129
071 C000200      5114
071 D000200   81
072 A000200 10
074 N000200     6657
074 T000200     6619
075 A000200        0
075 B000200     4943
062 A000300 N
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
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062 R000300   0.0
071 A000300      1562
071 B000300      1521
071 C000300      1877
071 D000300   81
072 A000300  6
074 N000300     2286
074 T000300     2103
075 A000300        0
075 B000300     2033
062 A000400 N
062 B000400   0.0
062 C000400   0.0
062 D000400   0.0
062 E000400   0.0
<PAGE>      PAGE  4
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
062 J000400   0.0
062 K000400   0.0
062 L000400   0.0
062 M000400   0.0
062 N000400   0.0
062 O000400   0.0
062 P000400   0.0
062 Q000400   0.0
062 R000400   0.0
071 A000400      2815
071 B000400      1093
071 C000400      9929
071 D000400   11
072 A000400  6
074 N000400     6078
074 T000400     4899
075 A000400        0
075 B000400     2806
062 A000500 N
062 B000500   0.0
062 C000500   0.0
062 D000500   0.0
062 E000500   0.0
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
062 I000500   0.0
062 J000500   0.0
062 K000500   0.0
062 L000500   0.0
062 M000500   0.0
062 N000500   0.0
062 O000500   0.0
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
071 A000500      3892
071 B000500      3897
071 C000500      1763
071 D000500  221
072 A000500  6
074 N000500     1972
074 T000500     1952
075 A000500        0
075 B000500     1847
062 A000600 N
062 B000600   0.0
<PAGE>      PAGE  5
062 C000600   0.0
062 D000600   0.0
062 E000600   0.0
062 F000600   0.0
062 G000600   0.0
062 H000600   0.0
062 I000600   0.0
062 J000600   0.0
062 K000600   0.0
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062 M000600   0.0
062 N000600   0.0
062 O000600   0.0
062 P000600   0.0
062 Q000600   0.0
062 R000600   0.0
071 A000600       269
071 B000600       275
071 C000600      1858
071 D000600   15
072 A000600  6
074 N000600     2065
074 T000600     2039
075 A000600        0
075 B000600     1913
062 A000700 N
062 B000700   0.0
062 C000700   0.0
062 D000700   0.0
062 E000700   0.0
062 F000700   0.0
062 G000700   0.0
062 H000700   0.0
062 I000700   0.0
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062 M000700   0.0
062 N000700   0.0
062 O000700   0.0
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062 R000700   0.0
071 A000700    336402
071 B000700     10213
071 C000700    164399
071 D000700    6
072 A000700  6
074 N000700   527428
074 T000700   506190
075 A000700        0
<PAGE>      PAGE  6
075 B000700   228589
062 A000800 N
062 B000800   0.0
062 C000800   0.0
062 D000800   0.0
062 E000800   0.0
062 F000800   0.0
062 G000800   0.0
062 H000800   0.0
062 I000800   0.0
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062 K000800   0.0
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062 M000800   0.0
062 N000800   0.0
062 O000800   0.0
062 P000800   0.0
062 Q000800   0.0
062 R000800   0.0
071 A000800      2111
071 B000800        47
071 C000800      1979
071 D000800    2
072 A000800  2
074 N000800     2321
074 T000800     2252
075 A000800        0
075 B000800     2195
062 A000900 N
062 B000900   0.0
062 C000900   0.0
062 D000900   0.0
062 E000900   0.0
062 F000900   0.0
062 G000900   0.0
062 H000900   0.0
062 I000900   0.0
062 J000900   0.0
062 K000900   0.0
062 L000900   0.0
062 M000900   0.0
062 N000900   0.0
062 O000900   0.0
062 P000900   0.0
062 Q000900   0.0
062 R000900   0.0
071 A000900      3218
071 B000900       179
071 C000900      2024
071 D000900    9
072 A000900  2
<PAGE>      PAGE  7
074 N000900     3108
074 T000900     3093
075 A000900        0
075 B000900     3079
062 A001000 N
062 B001000   0.0
062 C001000   0.0
062 D001000   0.0
062 E001000   0.0
062 F001000   0.0
062 G001000   0.0
062 H001000   0.0
062 I001000   0.0
062 J001000   0.0
062 K001000   0.0
062 L001000   0.0
062 M001000   0.0
062 N001000   0.0
062 O001000   0.0
062 P001000   0.0
062 Q001000   0.0
062 R001000   0.0
071 A001000      2087
071 B001000        32
071 C001000      1580
071 D001000    2
072 A001000  2
074 N001000     2175
074 T001000     2164
075 A001000        0
075 B001000     2109
062 A001100 N
062 B001100   0.0
062 C001100   0.0
062 D001100   0.0
062 E001100   0.0
062 F001100   0.0
062 G001100   0.0
062 H001100   0.0
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062 M001100   0.0
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062 P001100   0.0
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062 R001100   0.0
071 A001100      3222
071 B001100       101
<PAGE>      PAGE  8
071 C001100      2589
071 D001100    4
072 A001100  2
074 N001100     3165
074 T001100     3151
075 A001100        0
075 B001100     3137
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 Research Fund Class A AND IS 
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>YEAR 	
<FISCAL-YEAR-END>JULY-31-1996
<PERIOD-END>JULY-31-1996
<INVESTMENTS-AT-COST>6,337,355		    
<INVESTMENTS-AT-VALUE>6,637,879
<RECEIVABLES>11,911
<ASSETS-OTHER>7,688
<OTHER-ITEMS-ASSETS>0
<TOTAL-ASSETS>6,657,478
<PAYABLE-FOR-SECURITIES>0
<SENIOR-LONG-TERM-DEBT>0
<OTHER-ITEMS-LIABILITIES>38,397
<TOTAL-LIABILITIES>38,397
<SENIOR-EQUITY>0
<PAID-IN-CAPITAL-COMMON>6,049,074
<SHARES-COMMON-STOCK>678,993
<SHARES-COMMON-PRIOR>0
<ACCUMULATED-NII-CURRENT>29,103
<OVERDISTRIBUTION-NII>0
<ACCUMULATED-NET-GAINS>240,380
<OVERDISTRIBUTION-GAINS>0
<ACCUM-APPREC-OR-DEPREC>300,524
<NET-ASSETS>6,619,081
<DIVIDEND-INCOME>80,555
<INTEREST-INCOME>3,812
<OTHER-INCOME>0
<EXPENSES-NET>38,900
<NET-INVESTMENT-INCOME>45,467
<REALIZED-GAINS-CURRENT>240,380
<APPREC-INCREASE-CURRENT>300,524
<NET-CHANGE-FROM-OPS>	586,371
<EQUALIZATION>0
<DISTRIBUTIONS-OF-INCOME>(17,804)
<DISTRIBUTIONS-OF-GAINS>0
<DISTRIBUTIONS-OTHER>0
<NUMBER-OF-SHARES-SOLD>548,532
<NUMBER-OF-SHARES-REDEEMED>(106.822)
<SHARES-REINVESTED>1,989
<NET-CHANGE-IN-ASSETS>4,619,081
<ACCUMULATED-NII-PRIOR>0
<ACCUMULATED-GAINS-PRIOR>0
<OVERDISTRIB-NII-PRIOR>0
<OVERDIST-NET-GAINS-PRIOR>0
<GROSS-ADVISORY-FEES>26,676
<INTEREST-EXPENSE>0
<GROSS-EXPENSE>42,519
<AVERAGE-NET-ASSETS>4,943,379
<PER-SHARE-NAV-BEGIN>8.50
<PER-SHARE-NII>.09
<PER-SHARE-GAIN-APPREC>1.21
<PER-SHARE-DIVIDEND>0
<PER-SHARE-DISTRIBUTIONS>(.05)
<RETURNS-OF-CAPITAL>0
<PER-SHARE-NAV-END>9.75
<EXPENSE-RATIO>.86
<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 American Renaissance Fund 
Class A AND IS QUALIFIED IN ITS ENTIRETY 
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>YEAR 	
<FISCAL-YEAR-END>JULY-31-1996
<PERIOD-END>JULY-31-1996
<INVESTMENTS-AT-COST>2,532,633	    
<INVESTMENTS-AT-VALUE>2,695,325
<RECEIVABLES>990
<ASSETS-OTHER>7,696
<OTHER-ITEMS-ASSETS>0
<TOTAL-ASSETS>2,704,011
<PAYABLE-FOR-SECURITIES>19,888
<SENIOR-LONG-TERM-DEBT>0
<OTHER-ITEMS-LIABILITIES>37,581
<TOTAL-LIABILITIES>57,469
<SENIOR-EQUITY>0
<PAID-IN-CAPITAL-COMMON>2,239,450
<SHARES-COMMON-STOCK>260,867
<SHARES-COMMON-PRIOR>0
<ACCUMULATED-NII-CURRENT>244,400
<OVERDISTRIBUTION-NII>0
<ACCUMULATED-NET-GAINS>0
<OVERDISTRIBUTION-GAINS>0
<ACCUM-APPREC-OR-DEPREC>162,692
<NET-ASSETS>2,646,542
<DIVIDEND-INCOME>22,980
<INTEREST-INCOME>3,185
<OTHER-INCOME>0
<EXPENSES-NET>18,885
<NET-INVESTMENT-INCOME>7,280
<REALIZED-GAINS-CURRENT>247,617
<APPREC-INCREASE-CURRENT>162,692
<NET-CHANGE-FROM-OPS>417,589
<EQUALIZATION>0
<DISTRIBUTIONS-OF-INCOME>(8,637)
<DISTRIBUTIONS-OF-GAINS>(3,217)
<DISTRIBUTIONS-OTHER>0
<NUMBER-OF-SHARES-SOLD>	26,969
<NUMBER-OF-SHARES-REDEEMED>(1,396)
<SHARES-REINVESTED>0
<NET-CHANGE-IN-ASSETS>646,542
<ACCUMULATED-NII-PRIOR>0
<ACCUMULATED-GAINS-PRIOR>0
<OVERDISTRIB-NII-PRIOR>0
<OVERDIST-NET-GAINS-PRIOR>0
<GROSS-ADVISORY-FEES>14,050
<INTEREST-EXPENSE>0
<GROSS-EXPENSE>21,496
<AVERAGE-NET-ASSETS>2,424,406
<PER-SHARE-NAV-BEGIN>8.50
<PER-SHARE-NII>.03
<PER-SHARE-GAIN-APPREC>1.67
<PER-SHARE-DIVIDEND>(.04)
<PER-SHARE-DISTRIBUTIONS>(.01)
<RETURNS-OF-CAPITAL>0
<PER-SHARE-NAV-END>10.15
<EXPENSE-RATIO>.89
<AVG-DEBT-OUTSTANDING>0
<AVG-DEBT-PER-SHARE>0
        


</TABLE>


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