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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001048703-09-000073.txt : 20090710
<SEC-HEADER>0001048703-09-000073.hdr.sgml : 20090710
<ACCEPTANCE-DATETIME>20090710092514
ACCESSION NUMBER:		0001048703-09-000073
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090702
FILED AS OF DATE:		20090710
DATE AS OF CHANGE:		20090710

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM MUNICIPAL OPPORTUNITIES TRUST
		CENTRAL INDEX KEY:			0000900422
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				043187549
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Karpus Management, Inc.
		CENTRAL INDEX KEY:			0001048703
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-07626
		FILM NUMBER:		09938559

	BUSINESS ADDRESS:	
		STREET 1:		183 SULLY'S TRAIL
		CITY:			PITTSFORD
		STATE:			NY
		ZIP:			14534
		BUSINESS PHONE:		5855864680

	MAIL ADDRESS:	
		STREET 1:		183 SULLY'S TRAIL
		CITY:			PITTSFORD
		STATE:			NY
		ZIP:			14534

	FORMER NAME:	
		FORMER CONFORMED NAME:	KARPUS MANAGEMENT INC
		DATE OF NAME CHANGE:	19971029
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0203</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2009-07-02</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000900422</issuerCik>
        <issuerName>PUTNAM MUNICIPAL OPPORTUNITIES TRUST</issuerName>
        <issuerTradingSymbol>PMO</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001048703</rptOwnerCik>
            <rptOwnerName>Karpus Management, Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>183 SULLY'S TRAIL</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>PITTSFORD</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>14534</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Putnam Municipal Opportunities Trust (&quot;PMO&quot;)</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>54900</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Putnam Municipal Opportunities Trust (&quot;PMO&quot;)</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>132682</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Karpus Management Inc., d/b/a Karpus Investment Management (&quot;KIM&quot;) is an investment adviser registered under section 203 of the Investment Adviser Act of 1940 (15 U.S.C. 80b-3). KIM does not own or have a direct pecuniary interest in any PMO shares. Instead, PMO shares are owned by KIM's clients in separate customer accounts (the &quot;Accounts&quot;) managed by KIM in the ordinary course of KIM's business under limited powers of attonery. All funds that have been utilized in purchasing PMO shares are from such Accounts. By reasons of contractual relationship with one of KIM's clients regarding the contigent payment of certain performance related fees, KIM may be deemed to have a pecuniary interest in some or all 54,900 PMO shares owned by the client pursant to SEC 16a-1(2)(ii)(C).</footnote>
        <footnote id="F2">George W. Karpus, the President and CEO of KIM, owns 132,682 PMO shares.</footnote>
    </footnotes>

    <remarks>Both KIM and Mr. Karpus disclaim any benefical ownership (as that term is defined in SEC Rule 16a-1(2)) of PMO shares except to the extent of their pecuniary interest, if any, therein. This filing shall not be an admission by KIM and Mr. Karpus that they are subject to reporting under Section 16(a) and the filers disclaim any such obligation.</remarks>

    <ownerSignature>
        <signatureName>Cody Bartlett Jr., CFA, Managing Director of Investments</signatureName>
        <signatureDate>2009-07-10</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>George W. Karpus, President and CEO</signatureName>
        <signatureDate>2009-07-10</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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