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<SEC-DOCUMENT>0000928816-08-001285.txt : 20081022
<SEC-HEADER>0000928816-08-001285.hdr.sgml : 20081022
<ACCEPTANCE-DATETIME>20081022165524
ACCESSION NUMBER:		0000928816-08-001285
CONFORMED SUBMISSION TYPE:	N-23C-2
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20081022
FILED AS OF DATE:		20081022
DATE AS OF CHANGE:		20081022
EFFECTIVENESS DATE:		20081022

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-23C-2
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	817-01075
		FILM NUMBER:		081135651

	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-23C-2
<SEQUENCE>1
<FILENAME>a_munioppsn23c2.htm
<DESCRIPTION>PUTNAM MUNICIPAL OPPORTUNITIES TRUST
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     <TD align=center><B><FONT face=serif size=2>Securities and Exchange Commission</FONT></B> </TD></TR>
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     <TD align=center><B><FONT face=serif size=2>Washington, DC 20549</FONT></B> </TD></TR>
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     <TD>&nbsp; </TD></TR>
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     <TD noWrap align=center><B><FONT face=serif size=2>Notification of Redemption of Securities Pursuant to Rule 23c-2</FONT></B>&nbsp; </TD></TR>
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     <TD align=center><B><FONT face=serif size=2>Under the Investment Company Act of 1940</FONT></B> </TD></TR>
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     <TD>&nbsp; </TD></TR>
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     <TD align=center><B><FONT face=serif size=2>Putnam Municipal Opportunities Trust</FONT></B> </TD></TR>
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     <TD noWrap align=center><B><FONT face=serif size=2>One Post Office Square, Boston, Massachusetts 02109</FONT></B>&nbsp; </TD></TR>
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     <TD>&nbsp; </TD></TR>
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     <TD align=center><B><FONT face=serif size=2>Securities Act File No. 33-145129</FONT></B> </TD></TR>
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     <TD align=center><B><FONT face=serif size=2>Investment Company Act File No. 811-7626</FONT></B> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>The undersigned registered closed-end investment company hereby notifies the Securities and Exchange Commission (the "Commission") that it intends to redeem securities of which it is the issuer, as set forth below in accordance with the requirements of Rule 23c-2 under the Investment Company Act of 1940, as amended.</FONT></P>
<P align=left><FONT face=serif size=2>(1) Title of the class of Securities to be redeemed:</FONT></P>
<P align=left><FONT face=serif size=2>Remarketed Preferred Shares ("RP"), without par value, liquidation preference of $25,000 per share, Series C.</FONT></P>
<P align=left><FONT face=serif size=2>(2) Date on which the securities may be called or redeemed:</FONT></P>
<P align=left><FONT face=serif size=2>The RP will be redeemed on November 21, 2008.</FONT></P>
<P align=left><FONT face=serif size=2>(3) Applicable provisions of the governing instrument pursuant to which the securities are to be redeemed:</FONT></P>
<P align=left><FONT face=serif size=2>RP are to be redeemed in accordance with Article 12, Section 12.1, Part I, paragraph 4 of the Amended and Restated Bylaws of Putnam Municipal Opportunities Trust.</FONT></P>
<P align=left><FONT face=serif size=2>(4) The principal amount or number of shares and the basis upon which the securities to be redeemed are to be selected:</FONT></P>
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     <TD noWrap align=center><FONT face=serif size=2>Putnam Municipal Opportunities Trust intends to redeem the following:</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=center><FONT face=serif size=2>800 outstanding shares of Series C RP</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=center>&nbsp;</TD></TR>
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     <TD noWrap align=center><FONT face=serif size=2>Such redemption of outstanding RP shall be effected by lot.</FONT>&nbsp; </TD></TR></TABLE><BR>
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     <TD noWrap align=center colSpan=2><FONT face=serif size=2>Signature:</FONT>&nbsp; </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>Pursuant to the requirements of Rule 23c-2, Putnam Municipal Opportunities Trust has duly caused this Notification of Redemption of Securities pursuant to Rule 23c-2 under the Investment Company Act of 1940 to be signed on its behalf by the undersigned thereto duly authorized in the Commonwealth of Massachusetts on this 22nd day of October, 2008.</FONT></P>
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     <TD noWrap align=left colSpan=2><FONT face=serif size=2>Putnam Municipal Opportunities Trust</FONT>&nbsp; </TD></TR>
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     <TD colSpan=2>&nbsp; </TD></TR>
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     <TD colSpan=2>&nbsp; </TD></TR>
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     <TD noWrap align=left colSpan=2><FONT face=serif size=2>By: </FONT><U><FONT face=serif size=2>/s/ </FONT></U><U><FONT face=serif size=2>Charles E. Porter __</FONT></U>&nbsp; </TD></TR>
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     <TD noWrap align=left colSpan=2><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Charles E. Porter</FONT>&nbsp;</TD></TR>
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     <TD noWrap align=left colSpan=2><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: Executive Vice President,</FONT>&nbsp;</TD></TR>
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     <TD noWrap align=left>&nbsp; </TD>
     <TD noWrap align=left><FONT face=serif size=2>Associate Treasurer, Principal</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left>&nbsp; </TD>
     <TD noWrap align=left><FONT face=serif size=2>Executive Officer and</FONT>&nbsp; </TD></TR>
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     <TD align=left><FONT face=serif size=2>Compliance Liaison</FONT>&nbsp;</TD></TR></TABLE><BR>
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