PUTNAM INVESTMENT FUNDS
NSAR-B, EX-27, 2000-09-27
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Putnam Growth Opportunities Fund
</LEGEND>
<SERIES>
   <NUMBER> 5
   <NAME> CLASS A

<S>                             <C>
<PERIOD-TYPE>                   ANNUAL
<FISCAL-YEAR-END>                          JUL-31-2000
<PERIOD-END>                               JUL-31-2000
<INVESTMENTS-AT-COST>                    5,338,434,935
<INVESTMENTS-AT-VALUE>                   7,191,595,742
<RECEIVABLES>                              140,121,187
<ASSETS-OTHER>                                     449
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           7,331,717,378
<PAYABLE-FOR-SECURITIES>                   132,747,467
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   42,474,615
<TOTAL-LIABILITIES>                        175,222,082
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 5,439,100,132
<SHARES-COMMON-STOCK>                      107,408,753
<SHARES-COMMON-PRIOR>                       62,610,731
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                 (134,762,883)
<ACCUM-APPREC-OR-DEPREC>                 1,852,158,047
<NET-ASSETS>                             7,156,495,296
<DIVIDEND-INCOME>                           13,636,126
<INTEREST-INCOME>                            5,784,568
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              72,602,482
<NET-INVESTMENT-INCOME>                   (53,181,788)
<REALIZED-GAINS-CURRENT>                  (99,037,850)
<APPREC-INCREASE-CURRENT>                1,433,144,717
<NET-CHANGE-FROM-OPS>                    1,280,925,079
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     67,455,879
<NUMBER-OF-SHARES-REDEEMED>               (22,657,857)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                   4,087,192,124
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                (35,725,033)
<GROSS-ADVISORY-FEES>                       28,455,500
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             73,346,823
<AVERAGE-NET-ASSETS>                     2,337,450,928
<PER-SHARE-NAV-BEGIN>                            21.54
<PER-SHARE-NII>                                  (.16)
<PER-SHARE-GAIN-APPREC>                           8.20
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              29.58
<EXPENSE-RATIO>                                   0.97
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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