PUTNAM INVESTMENT FUNDS
NSAR-A, EX-27, 2000-12-28
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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> 5
   <NAME> CLASS A

<S>                             <C>
<PERIOD-TYPE>                   SEMI
<FISCAL-YEAR-END>                          APR-30-2000
<PERIOD-END>                               OCT-31-2000
<INVESTMENTS-AT-COST>                      292,234,720
<INVESTMENTS-AT-VALUE>                     327,729,097
<RECEIVABLES>                                9,277,485
<ASSETS-OTHER>                                 343,204
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             337,349,786
<PAYABLE-FOR-SECURITIES>                     6,874,279
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,049,911
<TOTAL-LIABILITIES>                          7,924,190
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   240,605,837
<SHARES-COMMON-STOCK>                       11,745,245
<SHARES-COMMON-PRIOR>                        9,613,269
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                     (1,049,205)
<ACCUMULATED-NET-GAINS>                     53,830,072
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    36,038,892
<NET-ASSETS>                               329,425,596
<DIVIDEND-INCOME>                              525,835
<INTEREST-INCOME>                              313,717
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,888,757
<NET-INVESTMENT-INCOME>                    (1,049,205)
<REALIZED-GAINS-CURRENT>                    44,149,773
<APPREC-INCREASE-CURRENT>                   21,421,013
<NET-CHANGE-FROM-OPS>                       64,521,581
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      6,024,024
<NUMBER-OF-SHARES-REDEEMED>                (3,892,048)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     134,707,482
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    9,680,299
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          824,203
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,931,587
<AVERAGE-NET-ASSETS>                       117,006,759
<PER-SHARE-NAV-BEGIN>                             9.38
<PER-SHARE-NII>                                  (.02)
<PER-SHARE-GAIN-APPREC>                           2.95
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.31
<EXPENSE-RATIO>                                    .57
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
                                                     0

</TABLE>


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