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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000928816-04-000740.txt : 20040830
<SEC-HEADER>0000928816-04-000740.hdr.sgml : 20040830
<ACCEPTANCE-DATETIME>20040830115127
ACCESSION NUMBER:		0000928816-04-000740
CONFORMED SUBMISSION TYPE:	N-PX
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040630
FILED AS OF DATE:		20040830
DATE AS OF CHANGE:		20040830
EFFECTIVENESS DATE:		20040830

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM MUNICIPAL OPPORTUNITIES TRUST
		CENTRAL INDEX KEY:			0000900422
		IRS NUMBER:				043187549
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		N-PX
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-07626
		FILM NUMBER:		041004366

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQUARE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		6172921000

	MAIL ADDRESS:	
		STREET 1:		ONE POST OFFICE SQUARE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-PX
<SEQUENCE>1
<FILENAME>mot1.txt
<DESCRIPTION>PUTNAM MUNICIPAL OPPORTUNITIES TRUST
<TEXT>

                                 FORM N-PX
       ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
                            INVESTMENT COMPANY

Investment Company Act file number: File No. 811-07626

Putnam Municipal Opportunities Trust
- -------------------------------------------------------------------------
  (Exact name of registrant as specified in charter)

One Post Office Square, Boston, Massachusetts 02109
- -------------------------------------------------------------------------
  (Address of principal executive offices)

Beth S. Mazor, Vice President
Putnam Municipal Opportunities Trust
One Post Office Square
Boston, Massachusetts 02109

Copy To:
John W. Gerstmayr, Esq.
Ropes & Gray LLP
One International Place
Boston, Massachusetts 02110

- -------------------------------------------------------------------------
  (Name and address of agent for service)


Registrant's telephone number, including area code: (617) 292-1000

Date of Fiscal year-end: 4/30

Date of reporting period: 7/1/2003 - 6/30/2004

   Item 1. Proxy Voting Record

   The fund did not vote proxies relating to portfolio securities during
   the period covered by the report.

   SIGNATURES:

   Pursuant to the requirements of the Investment Company Act of 1940,
   the registrant has duly caused this report to be signed on its behalf
   by the undersigned, thereunto duly authorized.

Putnam Municipal Opportunities Trust
- -------------------------------------------------------------------------
       (Registrant)

By:          /s/ Charles E. Porter*, Executive Vice President,
             Associate Treasurer and Principal Executive Officer
       ------------------------------------------------------------------
       (Signature & Title)


Date: August 23, 2004
      ------------------------------------------------------------------

               * By Jonathan S. Horwitz,
                 pursuant to a Power-of-Attorney

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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