PUTNAM INVESTMENT FUNDS
NSAR-B, EX-27, 2000-06-28
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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 C

<S>                             <C>
<PERIOD-TYPE>                   ANNUAL
<FISCAL-YEAR-END>                          APR-30-2000
<PERIOD-END>                               APR-30-2000
<INVESTMENTS-AT-COST>                      177,799,196
<INVESTMENTS-AT-VALUE>                     192,417,613
<RECEIVABLES>                                5,578,134
<ASSETS-OTHER>                                 299,882
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             198,295,629
<PAYABLE-FOR-SECURITIES>                     2,788,535
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      788,980
<TOTAL-LIABILITIES>                          3,577,515
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   170,419,936
<SHARES-COMMON-STOCK>                          210,897
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      9,680,299
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    14,617,879
<NET-ASSETS>                               194,718,114
<DIVIDEND-INCOME>                              589,195
<INTEREST-INCOME>                              207,669
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,612,349
<NET-INVESTMENT-INCOME>                    (1,815,485)
<REALIZED-GAINS-CURRENT>                    14,149,034
<APPREC-INCREASE-CURRENT>                    5,325,775
<NET-CHANGE-FROM-OPS>                       17,659,324
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        223,465
<NUMBER-OF-SHARES-REDEEMED>                   (12,568)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      42,633,485
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                 (2,652,947)
<GROSS-ADVISORY-FEES>                        1,093,389
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,709,199
<AVERAGE-NET-ASSETS>                           598,609
<PER-SHARE-NAV-BEGIN>                             8.22
<PER-SHARE-NII>                                  (.11)
<PER-SHARE-GAIN-APPREC>                           1.23
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.34
<EXPENSE-RATIO>                                   1.50
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
                                                     0

</TABLE>


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