NSAR-A

      PAGE  1
000 A000000 04/30/95
000 C000000 0000844790
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 PUTNAM MANAGED MUNICIPAL INCOME TRUST
001 B000000 811-5740
001 C000000 6172921000
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
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 PUTNAM INVESTMENT MANAGERMENT, INC.
008 B000001 A
008 C000001 801-7074
008 D010001 BOSTON
008 D020001 MA
008 D030001 02109
SIGNATURE   GORDON H. SILVER                             
TITLE       VICE PRESIDENT      
 

EX-27

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

 

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM Putnam  Managed Municipal Income AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.

       
                                   
<PERIOD-TYPE>                         SEMI
<FISCAL-YEAR-END>                           OCT-31-1995
<PERIOD-END>                                APR-30-1995
<INVESTMENTS-AT-COST>                       580,817,842
<INVESTMENTS-AT-VALUE>                      601,142,280
<RECEIVABLES>                                18,614,525
<ASSETS-OTHER>                                  284,283
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                              620,041,088
<PAYABLE-FOR-SECURITIES>                              0
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                     6,742,529
<TOTAL-LIABILITIES>                           6,742,529
<SENIOR-EQUITY>                             175,000,000
<PAID-IN-CAPITAL-COMMON>                    412,175,207
<SHARES-COMMON-STOCK>                        44,696,374
<SHARES-COMMON-PRIOR>                        44,449,876
<ACCUMULATED-NII-CURRENT>                    18,135,081
<OVERDISTRIBUTION-NII>                     (11,524,745)
<ACCUMULATED-NET-GAINS>                               0
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                     19,513,016
<NET-ASSETS>                                613,298,559
<DIVIDEND-INCOME>                                     0
<INTEREST-INCOME>                            23,026,453
<OTHER-INCOME>                                        0
<EXPENSES-NET>                                2,655,839
<NET-INVESTMENT-INCOME>                      20,370,614
<REALIZED-GAINS-CURRENT>                    (4,806,422)
<APPREC-INCREASE-CURRENT>                    21,203,646
<NET-CHANGE-FROM-OPS>                        34,429,298
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                    20,473,903
<DISTRIBUTIONS-OF-GAINS>                              0
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                               0
<NUMBER-OF-SHARES-REDEEMED>                           0
<SHARES-REINVESTED>                             246,498
<NET-CHANGE-IN-ASSETS>                       16,307,003
<ACCUMULATED-NII-PRIOR>                      18,238,370
<ACCUMULATED-GAINS-PRIOR>                             0
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                  (4,379,783)
<GROSS-ADVISORY-FEES>                         2,013,689
<INTEREST-EXPENSE>                                    0  
<GROSS-EXPENSE>                               2,655,839
<AVERAGE-NET-ASSETS>                        425,710,571
<PER-SHARE-NAV-BEGIN>                              9.49
<PER-SHARE-NII>                                     .46
<PER-SHARE-GAIN-APPREC>                             .31
<PER-SHARE-DIVIDEND>                              (.46)
<PER-SHARE-DISTRIBUTIONS>                             0
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                                9.80
<EXPENSE-RATIO>                                     .62
<AVG-DEBT-OUTSTANDING>                                0
<AVG-DEBT-PER-SHARE>                                  0