<PAGE> PAGE 1
000 A000000 08/31/96
000 C000000 0000938380
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 PUTNAM CONVERTIBLE OPPOTUNITIES & INCOME TRUS
001 B000000 811-07253
001 C000000 6172921562
002 A000000 ONE POST OFFICE SQUARE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
020 A000001 PRUDENTIAL SECURITIES INC.
020 B000001 22-2347336
020 C000001 3
020 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000002 13-5674085
020 C000002 2
020 A000003 GOLDMAN SACHS & CO.
020 B000003 13-5108880
020 C000003 1
020 A000004 FERRIS & CO., INC.
020 B000004 52-0909521
020 C000004 1
020 A000005 LEHMAN BROTHERS
020 B000005 13-2518466
020 C000005 1
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 9
022 A000001 MORGAN (J. P.) SECURITIES INC.
022 B000001 13-3224016
022 C000001 130078
022 D000001 0
022 A000002 MORGAN STANELY INC.
022 B000002 13-2655998
022 C000002 26064
022 D000002 1206
<PAGE> PAGE 2
022 A000003 LEHMAN BROTHERS
022 B000003 13-2518466
022 C000003 21937
022 D000003 1329
022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000004 13-5674085
022 C000004 13843
022 D000004 3291
022 A000005 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000005 13-2741729
022 C000005 2247
022 D000005 4815
022 A000006 GOLDMAN BROTHESRS INC.
022 B000006 13-5108880
022 C000006 5102
022 D000006 464
022 A000007 SALOMON BROTHERS INC.
022 B000007 13-3082694
022 C000007 2447
022 D000007 2138
022 A000008 BEAR STERNS & CO.
022 B000008 13-4946705
022 C000008 3295
022 D000008 768
022 A000009 SMITH, BARNEY, HARRIS, UPHAM & CO.
022 B000009 13-1912900
022 C000009 2032
022 D000009 1257
022 A000010 FORUM CAPITAL MARKETS
022 B000010 62-1287496
022 C000010 1385
022 D000010 988
023 C000000 214967
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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SIGNATURE PAUL BUCUVALAS
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS
SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM Putnam Convertible
Opportunities and Income Trust AND IS
QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE>OTHER
<FISCAL-YEAR-END>AUG-31-1996
<PERIOD-END>AUG-31-1996
<INVESTMENTS-AT-COST >96,083,525
<INVESTMENTS-AT-VALUE>98,513,217
<RECEIVABLES>1,782,871
<ASSETS-OTHER>145,845
<OTHER-ITEMS-ASSETS>27,858
<TOTAL-ASSETS>100,469,791
<PAYABLE-FOR-SECURITIES>345,344
<SENIOR-LONG-TERM-DEBT>0
<OTHER-ITEMS-LIABILITIES>1,514,023
<TOTAL-LIABILITIES>1,859,367
<SENIOR-EQUITY>0
<PAID-IN-CAPITAL-COMMON>92,014,814
<SHARES-COMMON-STOCK>3,704,000
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<OVERDISTRIBUTION-GAINS>0
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<NET-ASSETS> 98,610,424
<DIVIDEND-INCOME>522,686
<INTEREST-INCOME>3,593,998
<OTHER-INCOME>0
<EXPENSES-NET>770,579
<NET-INVESTMENT-INCOME> 3,346,105
<REALIZED-GAINS-CURRENT>2,253,933
<APPREC-INCREASE-CURRENT>1,792,874
<NET-CHANGE-FROM-OPS>3,807,164
<EQUALIZATION>0
<DISTRIBUTIONS-OF-INCOME>(3,077,998)
<DISTRIBUTIONS-OF-GAINS>0
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<ACCUMULATED-GAINS-PRIOR>1,513,941
<OVERDISTRIB-NII-PRIOR>0
<OVERDIST-NET-GAINS-PRIOR>0
<GROSS-ADVISORY-FEES>669,468
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE>785,723
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<PER-SHARE-NII>.90
<PER-SHARE-GAIN-APPREC>.12
<PER-SHARE-DIVIDEND>0
<PER-SHARE-DISTRIBUTIONS>(.83)
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<PER-SHARE-NAV-END>26.62
<EXPENSE-RATIO>.80
<AVG-DEBT-OUTSTANDING>0
<AVG-DEBT-PER-SHARE>0
</TABLE>
