Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
  Bulldog Investors, LLC
 2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2017		 3. Issuer Name and Ticker or Trading Symbol
PUTNAM MUNICIPAL OPPORTUNITIES TRUST [PMO]
(Last)
(First)
(Middle)
PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SADDLE BROOK, NJ 07663		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Auction Rate Preferred Series B and C 400
I
By Clients (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Bulldog Investors, LLC
PARK 80 WEST - PLAZA TWO
250 PEHLE AVE. SUITE 708
SADDLE BROOK, NJ 07663		     X    
GOLDSTEIN PHILLIP
PARK 80 WEST - PLAZA TWO
250 PEHLE AVE. SUITE 708
SADDLE BROOK, NJ 07663		     X    
Dakos Andrew
PARK 80 WEST - PLAZA TWO
250 PEHLE AVE. SUITE 708
SADDLE BROOK, NJ 07663		     X    
Samuels Steven
PARK 80 WEST - PLAZA TWO
250 PEHLE AVE. SUITE 708
SADDLE BROOK, NJ 07663		     X    

Signatures

/s/ Phillip Goldstein on behalf of Bulldog Investors, LLC 03/24/2017
**Signature of Reporting Person Date
/s/ Phillip Goldstein 03/24/2017
**Signature of Reporting Person Date
/s/ Andrew Dakos 03/24/2017
**Signature of Reporting Person Date
/s/ Steven Samuels 03/24/2017
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Certain private investment fund clients of Bulldog Investors, LLC are the beneficial owners of these shares. Bulldog Investors, LLC disclaims beneficial interest in such shares except to the extent of any pecuniary interest therein. Andrew Dakos, Steven Samuels and Phillip Goldstein are the owners of Bulldog Investors, LLC. Each of Messrs. Dakos, Samuels and Goldstein also is a Principal of the general partner of certain of such private investment fund clients of Bulldog Investors, LLC, and a limited partner in certain of such private fund clients. Each of Messrs. Dakos, Samuels and Goldstein disclaims beneficial interest in such shares except to the extent of any pecuniary interest therein.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.