PUTNAM INVESTMENT FUNDS
NSAR-B, EX-27, 2000-11-29
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Putnam International New Opportunities Fund
</LEGEND>
<SERIES>
   <NUMBER> 4
   <NAME> CLASS A

<S>                             <C>
<PERIOD-TYPE>                   ANNUAL
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               SEP-30-2000
<INVESTMENTS-AT-COST>                    2,618,561,831
<INVESTMENTS-AT-VALUE>                   3,026,228,195
<RECEIVABLES>                              120,842,317
<ASSETS-OTHER>                              29,265,777
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           3,176,336,289
<PAYABLE-FOR-SECURITIES>                    64,753,205
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   55,243,668
<TOTAL-LIABILITIES>                        119,996,873
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 2,279,411,304
<SHARES-COMMON-STOCK>                       77,760,273
<SHARES-COMMON-PRIOR>                       54,426,642
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    369,296,393
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   407,631,719
<NET-ASSETS>                             3,056,339,416
<DIVIDEND-INCOME>                           12,903,549
<INTEREST-INCOME>                            3,297,847
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              55,408,203
<NET-INVESTMENT-INCOME>                   (39,206,807)
<REALIZED-GAINS-CURRENT>                   434,155,768
<APPREC-INCREASE-CURRENT>                 (92,968,647)
<NET-CHANGE-FROM-OPS>                      301,980,314
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                  (83,745,720)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    103,070,949
<NUMBER-OF-SHARES-REDEEMED>               (83,249,638)
<SHARES-REINVESTED>                          3,512,320
<NET-CHANGE-IN-ASSETS>                   1,006,689,568
<ACCUMULATED-NII-PRIOR>                      5,302,910
<ACCUMULATED-GAINS-PRIOR>                  158,062,146
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                       27,905,280
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             57,423,314
<AVERAGE-NET-ASSETS>                     1,526,306,324
<PER-SHARE-NAV-BEGIN>                            16.64
<PER-SHARE-NII>                                  (.18)
<PER-SHARE-GAIN-APPREC>                           3.95
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (1.47)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.94
<EXPENSE-RATIO>                                   1.39
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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