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SIGNATURE PAUL BUCUVALAS
TITLE MANAGING DIRECTOR
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<LEGEND>
Putnam Capital Opportunities Fund
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<LEGEND>
Putnam Capital Opportunities Fund
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
Putnam Capital Opportunities Fund
</LEGEN D>
<SERIES>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
Putnam Capital Opportunities Fund
</LEGEN D>
<SERIES>
<NUMBER> 4
<NAME> CLASS M
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<NUMBER-OF-SHARES-SOLD> 1,370,881
<NUMBER-OF-SHARES-REDEEMED> (1,221,814)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (3,672,383)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (2,652,947)
<GROSS-ADVISORY-FEES> 503,426
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,229,618
<AVERAGE-NET-ASSETS> 4,916,225
<PER-SHARE-NAV-BEGIN> 8.05
<PER-SHARE-NII> (.04)
<PER-SHARE-GAIN-APPREC> .23
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.24
<EXPENSE-RATIO> .84
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
