<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/ncen" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0505</schemaVersion>
  <headerData>
    <submissionType>N-CEN</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0000900422</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
        <fileNumber>811-07626</fileNumber>
      </filer>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-2</investmentCompanyType>
    </filerInfo>
  </headerData>
  <formData>
    <generalInfo reportEndingPeriod="2026-04-30" isReportPeriodLt12="N"/>
    <registrantInfo>
      <registrantFullName>Putnam Municipal Opportunities Trust</registrantFullName>
      <investmentCompFileNo>811-07626</investmentCompFileNo>
      <registrantCik>0000900422</registrantCik>
      <registrantLei>549300M74BR4G95PSL96</registrantLei>
      <registrantstreet1>100 FEDERAL STREET</registrantstreet1>
      <registrantcity>BOSTON</registrantcity>
      <registrantzipCode>02110</registrantzipCode>
      <registrantstate>US-MA</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>1-800-225-1581</registrantphoneNumber>
      <websites>
        <website webpage="WWW.FRANKLINTEMPLETON.COM"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>Computershare Trust Company, N.A.</officeName>
          <officeAddress1>150 Royall Street, Suite 101</officeAddress1>
          <officeCity>Canton</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-MA"/>
          <officeRecordsZipCode>02021</officeRecordsZipCode>
          <officePhone>1-888-888-0151</officePhone>
          <booksRecordsDesc>Records related to its functions as Transfer agent</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Franklin Advisers, Inc.</officeName>
          <officeAddress1>One Franklin Parkway</officeAddress1>
          <officeCity>San Mateo</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-CA"/>
          <officeRecordsZipCode>94403-1906</officeRecordsZipCode>
          <officePhone>650-312-2000</officePhone>
          <booksRecordsDesc>Records related to its functions as Investment manager</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Franklin Templeton Investment Management Limited</officeName>
          <officeAddress1>Cannon Place</officeAddress1>
          <officeAddress2>78 Cannon Street</officeAddress2>
          <officeCity>London</officeCity>
          <officeCountry>GB</officeCountry>
          <officeRecordsZipCode>EC4N 6HL</officeRecordsZipCode>
          <officePhone>44-20-7073-8500</officePhone>
          <booksRecordsDesc>Records related to its functions as Sub-Advisor</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Franklin Templeton Services, LLC</officeName>
          <officeAddress1>One Franklin Parkway</officeAddress1>
          <officeCity>San Mateo</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-CA"/>
          <officeRecordsZipCode>94403-1906</officeRecordsZipCode>
          <officePhone>650-312-2000</officePhone>
          <booksRecordsDesc>Records related to its functions as Administrative manager</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>JPMorgan Chase Bank, N.A.</officeName>
          <officeAddress1>390 Madison Avenue</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-NY"/>
          <officeRecordsZipCode>10017</officeRecordsZipCode>
          <officePhone>212-464-1909</officePhone>
          <booksRecordsDesc>Records related to its functions as Custodian</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>JPMorgan Chase Bank, N.A.</officeName>
          <officeAddress1>380 Madison Avenue</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-NY"/>
          <officeRecordsZipCode>10017</officeRecordsZipCode>
          <officePhone>212-270-6000</officePhone>
          <booksRecordsDesc>Records relating to its functions as Sub-Administrator and Fund Accounting Agent</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Michael J. Higgins</officeName>
          <officeAddress1>100 FEDERAL STREET</officeAddress1>
          <officeCity>BOSTON</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-MA"/>
          <officeRecordsZipCode>02110</officeRecordsZipCode>
          <officePhone>1-800-225-1581</officePhone>
          <booksRecordsDesc>Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Putnam Investment Management, LLC  </officeName>
          <officeAddress1>100 FEDERAL STREET</officeAddress1>
          <officeCity>BOSTON</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-MA"/>
          <officeRecordsZipCode>02110</officeRecordsZipCode>
          <officePhone>1-800-225-1581</officePhone>
          <booksRecordsDesc>Records related to its functions as Sub-Advisor</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>N</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <registrantFamilyInvComp isRegistrantFamilyInvComp="Y" familyInvCompFullName="Franklin Templeton Group of Funds"/>
      <registrantClassificationType>N-2</registrantClassificationType>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName>Anthony Grillo</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05497"/>
            <fileNumberInfo fileNumber="811-06506"/>
            <fileNumberInfo fileNumber="811-06629"/>
            <fileNumberInfo fileNumber="811-07920"/>
            <fileNumberInfo fileNumber="811-08709"/>
            <fileNumberInfo fileNumber="811-21337"/>
            <fileNumberInfo fileNumber="811-21343"/>
            <fileNumberInfo fileNumber="811-21467"/>
            <fileNumberInfo fileNumber="811-22294"/>
            <fileNumberInfo fileNumber="811-22334"/>
            <fileNumberInfo fileNumber="811-22369"/>
            <fileNumberInfo fileNumber="811-22444"/>
            <fileNumberInfo fileNumber="811-22491"/>
            <fileNumberInfo fileNumber="811-22546"/>
            <fileNumberInfo fileNumber="811-23408"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Carol L. Colman</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05497"/>
            <fileNumberInfo fileNumber="811-06506"/>
            <fileNumberInfo fileNumber="811-06629"/>
            <fileNumberInfo fileNumber="811-07920"/>
            <fileNumberInfo fileNumber="811-08709"/>
            <fileNumberInfo fileNumber="811-21337"/>
            <fileNumberInfo fileNumber="811-21343"/>
            <fileNumberInfo fileNumber="811-21467"/>
            <fileNumberInfo fileNumber="811-22294"/>
            <fileNumberInfo fileNumber="811-22334"/>
            <fileNumberInfo fileNumber="811-22369"/>
            <fileNumberInfo fileNumber="811-22444"/>
            <fileNumberInfo fileNumber="811-22491"/>
            <fileNumberInfo fileNumber="811-22546"/>
            <fileNumberInfo fileNumber="811-23408"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Eileen A. Kamerick</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-03807"/>
            <fileNumberInfo fileNumber="811-03836"/>
            <fileNumberInfo fileNumber="811-04708"/>
            <fileNumberInfo fileNumber="811-04801"/>
            <fileNumberInfo fileNumber="811-05497"/>
            <fileNumberInfo fileNumber="811-06506"/>
            <fileNumberInfo fileNumber="811-06629"/>
            <fileNumberInfo fileNumber="811-07797"/>
            <fileNumberInfo fileNumber="811-07920"/>
            <fileNumberInfo fileNumber="811-08709"/>
            <fileNumberInfo fileNumber="811-08727"/>
            <fileNumberInfo fileNumber="811-21337"/>
            <fileNumberInfo fileNumber="811-21343"/>
            <fileNumberInfo fileNumber="811-21467"/>
            <fileNumberInfo fileNumber="811-21482"/>
            <fileNumberInfo fileNumber="811-22294"/>
            <fileNumberInfo fileNumber="811-22334"/>
            <fileNumberInfo fileNumber="811-22369"/>
            <fileNumberInfo fileNumber="811-22444"/>
            <fileNumberInfo fileNumber="811-22491"/>
            <fileNumberInfo fileNumber="811-22546"/>
            <fileNumberInfo fileNumber="811-23408"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Hillary Sale</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05497"/>
            <fileNumberInfo fileNumber="811-06506"/>
            <fileNumberInfo fileNumber="811-06629"/>
            <fileNumberInfo fileNumber="811-07920"/>
            <fileNumberInfo fileNumber="811-08709"/>
            <fileNumberInfo fileNumber="811-21337"/>
            <fileNumberInfo fileNumber="811-21343"/>
            <fileNumberInfo fileNumber="811-21467"/>
            <fileNumberInfo fileNumber="811-22294"/>
            <fileNumberInfo fileNumber="811-22334"/>
            <fileNumberInfo fileNumber="811-22369"/>
            <fileNumberInfo fileNumber="811-22444"/>
            <fileNumberInfo fileNumber="811-22491"/>
            <fileNumberInfo fileNumber="811-22546"/>
            <fileNumberInfo fileNumber="811-23408"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Jane E. Trust</directorName>
          <crdNumber>001766257</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-02351"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-04052"/>
            <fileNumberInfo fileNumber="811-04254"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-04527"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-05497"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-06110"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-06310"/>
            <fileNumberInfo fileNumber="811-06444"/>
            <fileNumberInfo fileNumber="811-06506"/>
            <fileNumberInfo fileNumber="811-06629"/>
            <fileNumberInfo fileNumber="811-06740"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-07920"/>
            <fileNumberInfo fileNumber="811-08709"/>
            <fileNumberInfo fileNumber="811-10407"/>
            <fileNumberInfo fileNumber="811-10603"/>
            <fileNumberInfo fileNumber="811-21128"/>
            <fileNumberInfo fileNumber="811-21337"/>
            <fileNumberInfo fileNumber="811-21343"/>
            <fileNumberInfo fileNumber="811-21403"/>
            <fileNumberInfo fileNumber="811-21467"/>
            <fileNumberInfo fileNumber="811-21477"/>
            <fileNumberInfo fileNumber="811-21598"/>
            <fileNumberInfo fileNumber="811-22294"/>
            <fileNumberInfo fileNumber="811-22334"/>
            <fileNumberInfo fileNumber="811-22338"/>
            <fileNumberInfo fileNumber="811-22369"/>
            <fileNumberInfo fileNumber="811-22405"/>
            <fileNumberInfo fileNumber="811-22444"/>
            <fileNumberInfo fileNumber="811-22491"/>
            <fileNumberInfo fileNumber="811-22546"/>
            <fileNumberInfo fileNumber="811-22693"/>
            <fileNumberInfo fileNumber="811-23408"/>
            <fileNumberInfo fileNumber="811-23598"/>
            <fileNumberInfo fileNumber="811-23643"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Nisha Kumar</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05497"/>
            <fileNumberInfo fileNumber="811-06506"/>
            <fileNumberInfo fileNumber="811-06629"/>
            <fileNumberInfo fileNumber="811-07920"/>
            <fileNumberInfo fileNumber="811-08266"/>
            <fileNumberInfo fileNumber="811-08709"/>
            <fileNumberInfo fileNumber="811-21337"/>
            <fileNumberInfo fileNumber="811-21343"/>
            <fileNumberInfo fileNumber="811-21467"/>
            <fileNumberInfo fileNumber="811-22294"/>
            <fileNumberInfo fileNumber="811-22334"/>
            <fileNumberInfo fileNumber="811-22369"/>
            <fileNumberInfo fileNumber="811-22444"/>
            <fileNumberInfo fileNumber="811-22491"/>
            <fileNumberInfo fileNumber="811-22546"/>
            <fileNumberInfo fileNumber="811-23408"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Peter Mason</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05497"/>
            <fileNumberInfo fileNumber="811-06506"/>
            <fileNumberInfo fileNumber="811-06629"/>
            <fileNumberInfo fileNumber="811-07920"/>
            <fileNumberInfo fileNumber="811-08709"/>
            <fileNumberInfo fileNumber="811-21337"/>
            <fileNumberInfo fileNumber="811-21343"/>
            <fileNumberInfo fileNumber="811-21467"/>
            <fileNumberInfo fileNumber="811-22294"/>
            <fileNumberInfo fileNumber="811-22334"/>
            <fileNumberInfo fileNumber="811-22369"/>
            <fileNumberInfo fileNumber="811-22444"/>
            <fileNumberInfo fileNumber="811-22491"/>
            <fileNumberInfo fileNumber="811-22546"/>
            <fileNumberInfo fileNumber="811-23408"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Robert D. Agdern</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05497"/>
            <fileNumberInfo fileNumber="811-06506"/>
            <fileNumberInfo fileNumber="811-06629"/>
            <fileNumberInfo fileNumber="811-07920"/>
            <fileNumberInfo fileNumber="811-08709"/>
            <fileNumberInfo fileNumber="811-21337"/>
            <fileNumberInfo fileNumber="811-21343"/>
            <fileNumberInfo fileNumber="811-21467"/>
            <fileNumberInfo fileNumber="811-22294"/>
            <fileNumberInfo fileNumber="811-22334"/>
            <fileNumberInfo fileNumber="811-22369"/>
            <fileNumberInfo fileNumber="811-22444"/>
            <fileNumberInfo fileNumber="811-22491"/>
            <fileNumberInfo fileNumber="811-22546"/>
            <fileNumberInfo fileNumber="811-23408"/>
          </fileNumbers>
        </director>
      </directors>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>James F. Clark</ccoName>
          <crdNumber>N/A</crdNumber>
          <ccoStreet1>100 FEDERAL STREET</ccoStreet1>
          <ccoCity>BOSTON</ccoCity>
          <ccoStateCountry ccoCountry="US" ccoState="US-MA"/>
          <ccoZipCode>02110</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="N/A" ccoEmployerId="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <securityMatterSeriesInfo isRegistrantSubmittedMatter="Y">
        <seriesInfo seriesName="Putnam Municipal Opportunities Trust" seriesId="N/A"/>
      </securityMatterSeriesInfo>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <coveredByInsurancePolicy isCoveredByInsurancePolicy="Y" isClaimFiledDuringPeriod="N"/>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <releaseNumbers isExemptionFromAct="Y">
        <releaseNumberInfo releaseNumber="IC-20851"/>
        <releaseNumberInfo releaseNumber="IC-33474"/>
      </releaseNumbers>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>PricewaterhouseCoopers LLP  </publicAccountantName>
          <pcaobNumber>238</pcaobNumber>
          <publicAccountantLei>5493002GVO7EO8RNNS37</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantCountry="US" publicAccountantState="US-MA"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <isPaymentErrorInNetAssetValue>N</isPaymentErrorInNetAssetValue>
      <paymentDividendSeries isPaymentDividend="Y">
        <seriesInfo seriesName="Putnam Municipal Opportunities Trust" seriesId="N/A"/>
      </paymentDividendSeries>
    </registrantInfo>
    <managementInvestmentQuestionSeriesInfo>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Municipal Opportunities Trust</mgmtInvFundName>
        <mgmtInvLei>549300M74BR4G95PSL96</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(d)(i) (17 CFR 270.18f-4(d)(i))</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(f)(17 CFR 270.18f-4(f))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Franklin Advisers, Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-26292</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000104517</investmentAdviserCrdNo>
            <investmentAdviserLei>B1CG1NRZIDDJ0DQEXB52</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investment Management, LLC  </subAdviserName>
            <subAdviserFileNo>801-7974</subAdviserFileNo>
            <subAdviserCrdNo>000106629</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <subAdviserRssdId>N/A</subAdviserRssdId>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-MA" subAdviserCountry="US"/>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
          <subAdviser>
            <subAdviserName>Franklin Templeton Investment Management Limited</subAdviserName>
            <subAdviserFileNo>801-55170</subAdviserFileNo>
            <subAdviserCrdNo>000111360</subAdviserCrdNo>
            <subAdviserLei>MLH7B1BVFWXZVST01715</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Computershare Trust Company, N.A.</transferAgentName>
            <transferAgentFileNo>084-05925</transferAgentFileNo>
            <transferAgentLei>254900Y7PP3ZED9AUY94</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>Y</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC</pricingServiceName>
            <pricingServiceLei>5493000NQ9LYLDBCTL34</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>LSEG US FIN CORP.</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Computershare Trust Company, N.A.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>254900Y7PP3ZED9AUY94</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>Y</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>FRANKLIN TEMPLETON SERVICES, LLC</adminName>
            <adminLei>549300DFD0POOJZ42788</adminLei>
            <adminStateCountry adminState="US-CA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>J.P. Morgan Securities LLC</brokerName>
            <brokerFileNo>8-35008</brokerFileNo>
            <brokerCrdNo>000000079</brokerCrdNo>
            <brokerLei>ZBUT11V806EZRVTWT807</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>135.63000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Citigroup Global Markets Inc.</brokerName>
            <brokerFileNo>8-08177</brokerFileNo>
            <brokerCrdNo>000007059</brokerCrdNo>
            <brokerLei>MBNUM2BPBDO7JBLYG310</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>360.36000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>495.99000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>J.P. Morgan Securities LLC</principalName>
            <principalFileNo>8-35008</principalFileNo>
            <principalCrdNo>000000079</principalCrdNo>
            <principalLei>ZBUT11V806EZRVTWT807</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>27967587.35999999</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Goldman Sachs &amp; Co. LLC</principalName>
            <principalFileNo>8-00129</principalFileNo>
            <principalCrdNo>000000361</principalCrdNo>
            <principalLei>FOR8UP27PHTHYVLBNG30</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>10144533.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Raymond James &amp; Associates, Inc.</principalName>
            <principalFileNo>8-10999</principalFileNo>
            <principalCrdNo>000000705</principalCrdNo>
            <principalLei>U4ONQX15J3RO8XCKE979</principalLei>
            <principalStateCountry principalState="US-FL" principalCountry="US"/>
            <principalTotalPurchaseSale>31363485.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Stifel, Nicolaus &amp; Company, Incorporated</principalName>
            <principalFileNo>8-01447</principalFileNo>
            <principalCrdNo>000000793</principalCrdNo>
            <principalLei>5WUVMA08EYG4KEUPW589</principalLei>
            <principalStateCountry principalState="US-MO" principalCountry="US"/>
            <principalTotalPurchaseSale>10443150.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Jefferies LLC</principalName>
            <principalFileNo>8-15074</principalFileNo>
            <principalCrdNo>000002347</principalCrdNo>
            <principalLei>58PU97L1C0WSRCWADL48</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>40311769.90000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>FMSBONDS, INC.</principalName>
            <principalFileNo>8-23280</principalFileNo>
            <principalCrdNo>000007793</principalCrdNo>
            <principalLei>549300TUTBK58NSF2517</principalLei>
            <principalStateCountry principalState="US-FL" principalCountry="US"/>
            <principalTotalPurchaseSale>37461745.70000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>RBC Capital Markets, LLC</principalName>
            <principalFileNo>8-45411</principalFileNo>
            <principalCrdNo>000031194</principalCrdNo>
            <principalLei>549300LCO2FLSSVFFR64</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>10335907.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>InspereX LLC</principalName>
            <principalFileNo>8-52081</principalFileNo>
            <principalCrdNo>000101420</principalCrdNo>
            <principalLei>254900XF92VANF1UCI97</principalLei>
            <principalStateCountry principalState="US-IL" principalCountry="US"/>
            <principalTotalPurchaseSale>12056021.60000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Wells Fargo Securities, LLC</principalName>
            <principalFileNo>8-65876</principalFileNo>
            <principalCrdNo>000126292</principalCrdNo>
            <principalLei>VYVVCKR63DVZZN70PB21</principalLei>
            <principalStateCountry principalState="US-NC" principalCountry="US"/>
            <principalTotalPurchaseSale>27216705.07999999</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BofA Securities, Inc.</principalName>
            <principalFileNo>8-69787</principalFileNo>
            <principalCrdNo>000283942</principalCrdNo>
            <principalLei>549300HN4UKV1E2R3U73</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>34916286.04999999</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>290563407.20000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>306496477.82999998</mnthlyAvgNetAssets>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <closedEndManagementInvestment>
      <securityRelatedItems>
        <securityRelatedItem>
          <description>Common stock</description>
          <securityClassTitle>COMMON STOCK</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="ARCD" commonStockTickerSymbol="pmo"/>
          </commonStocks>
        </securityRelatedItem>
        <securityRelatedItem>
          <description>Bonds</description>
          <securityClassTitle>BONDS</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="N/A" commonStockTickerSymbol="N/A"/>
          </commonStocks>
        </securityRelatedItem>
      </securityRelatedItems>
      <isRightsOffering>N</isRightsOffering>
      <isSecondaryOffering>N</isSecondaryOffering>
      <repurchaseSecurities isRepurchaseSecurity="Y">
        <repurchaseSecurityType>Common stock</repurchaseSecurityType>
      </repurchaseSecurities>
      <isDefaultLongTermDebt>N</isDefaultLongTermDebt>
      <isDividendsInArrears>N</isDividendsInArrears>
      <isSecuritiesModified>N</isSecuritiesModified>
      <managementFee>0.55000000</managementFee>
      <netOperatingExpenses>1.04000000</netOperatingExpenses>
      <marketPricePerShare>10.37000000</marketPricePerShare>
      <netAssetValuePerShare>11.32000000</netAssetValuePerShare>
    </closedEndManagementInvestment>
    <attachmentsTab>
      <isLegalProceedings>false</isLegalProceedings>
      <isProvisionFinancialSupport>false</isProvisionFinancialSupport>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
      <isChangeAccPrinciples>false</isChangeAccPrinciples>
      <isInfoRequiredEO>false</isInfoRequiredEO>
      <isOtherInfoRequired>false</isOtherInfoRequired>
      <isMaterialAmendments>false</isMaterialAmendments>
      <isInstDefiningRights>false</isInstDefiningRights>
      <isNewOrAmendedInvAdvContracts>false</isNewOrAmendedInvAdvContracts>
      <isInfoItem405>false</isInfoItem405>
      <isCodeOfEthics>false</isCodeOfEthics>
    </attachmentsTab>
    <signature registrantSignedName="Putnam Municipal Opportunities Trust" signedDate="2026-04-30" signature="Chris Berarducci" title="Principal Financial Officer"/>
  </formData>
</edgarSubmission>
