-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 KAhiYOm5arX6LK5eo0MOYCtg8lJkjA+A5aE6SjB7tzdfdfHiDSKudzBCWmmrMfEJ
 57M4obXUV3nrl+nJAfkCvA==

<SEC-DOCUMENT>0000810943-95-000004.txt : 19951031
<SEC-HEADER>0000810943-95-000004.hdr.sgml : 19951031
ACCESSION NUMBER:		0000810943-95-000004
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19950830
FILED AS OF DATE:		19951030
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM HIGH INCOME CONVERTIBLE & BOND FUND
		CENTRAL INDEX KEY:			0000810943
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				810943
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05133
		FILM NUMBER:		95585554

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQ
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		6172921000
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-B
<SEQUENCE>1
<DESCRIPTION>N-SAR (3.0)
<TEXT>

<PAGE>      PAGE  1
000 B000000 08/30/95
000 C000000 0000810943
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 HIGH INCOME CONVERTIBLE AND BOND FUND
001 B000000 811-5133
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
062 A000000 Y
062 B000000   0.0
062 C000000   0.0
062 D000000   2.3
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000   0.0
062 P000000  31.6
062 Q000000  46.6
062 R000000  19.8
071 A000000     73222
071 B000000     68567
071 C000000    112062
071 D000000   61
072 A000000 12
074 N000000   128785
074 T000000   124911
075 A000000        0
075 B000000   118562
077 A000000 Y
080 A000000 FEDERAL INSURANCE COMPANY
<PAGE>      PAGE  2
080 B000000 NATIONAL UNION FIRE INSURANCE COMPANY
080 C000000    50000
081 A000000 Y
081 B000000  76
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 Y
085 B000000 N
SIGNATURE   PAUL BUCAVALAS                               
TITLE       VICE PRESIDENT      
 

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-27.CLASSA
<SEQUENCE>2
<FLAWED>
<TEXT>
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 High Income Convertible and Bond Fund AND IS QUALIFIED IN
 ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         YEAR
<FISCAL-YEAR-END>	AUG-31-1995
<PERIOD-END>	AUG-31-1995
<INVESTMENTS-AT-COST     	                                                    121,297,717 
<INVESTMENTS-AT-VALUE>	125,337,307
<RECEIVABLES>	3,175,440
<ASSETS-OTHER>	272,409
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	128,785,156
<PAYABLE-FOR-SECURITIES>	2,602,271
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	1,272,285
<TOTAL-LIABILITIES>	3,874,556
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	123,025,349
<SHARES-COMMON-STOCK>	13,158,906
<SHARES-COMMON-PRIOR>	13,037,556
<ACCUMULATED-NII-CURRENT>	202,643
<OVERDISTRIBUTION-NII>	0
<ACCUMULATED-NET-GAINS>	0
<OVERDISTRIBUTION-GAINS>	(2,356,982)
<ACCUM-APPREC-OR-DEPREC>	4,039,590
<NET-ASSETS>	124,910,600
<DIVIDEND-INCOME>	1,695,277
<INTEREST-INCOME>	9,844,580
<OTHER-INCOME>	0
<EXPENSES-NET>	1,187,585
<NET-INVESTMENT-INCOME>	10,352,272
<REALIZED-GAINS-CURRENT>	990,977
<APPREC-INCREASE-CURRENT>	4,638,534
<NET-CHANGE-FROM-OPS>	15,981,783
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	(11,163,497)
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	-
<NUMBER-OF-SHARES-REDEEMED>	-
<SHARES-REINVESTED>	121,350
<NET-CHANGE-IN-ASSETS>	5,922,177
<ACCUMULATED-NII-PRIOR>	645,295
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	0
<OVERDIST-NET-GAINS-PRIOR>	(2,238,713)
<GROSS-ADVISORY-FEES>	889,281
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	1,187,585
<AVERAGE-NET-ASSETS>	118,562,441
<PER-SHARE-NAV-BEGIN>	9.13
<PER-SHARE-NII>	.79
<PER-SHARE-GAIN-APPREC>	.42
<PER-SHARE-DIVIDEND>	0
<PER-SHARE-DISTRIBUTIONS>	(.85)
<RETURNS-OF-CAPITAL>	0
<PER-SHARE-NAV-END>	9.49
<EXPENSE-RATIO>	1.00
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0
        0
??  


</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
