<SEC-DOCUMENT>0001140334-13-000001.txt : 20130131
<SEC-HEADER>0001140334-13-000001.hdr.sgml : 20130131
<ACCEPTANCE-DATETIME>20130131110121
ACCESSION NUMBER:		0001140334-13-000001
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20121231
FILED AS OF DATE:		20130131
DATE AS OF CHANGE:		20130131
EFFECTIVENESS DATE:		20130131

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM FL INVESTMENT MANAGEMENT CO
		CENTRAL INDEX KEY:			0001140334
		IRS NUMBER:				010403396
		STATE OF INCORPORATION:			ME
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-06465
		FILM NUMBER:		13561244

	BUSINESS ADDRESS:	
		STREET 1:		20 WILLIAM ST., STE. G40
		CITY:			WELLESLEY
		STATE:			MA
		ZIP:			02481
		BUSINESS PHONE:		7812356323

	MAIL ADDRESS:	
		STREET 1:		TWO CITY CENTER
		CITY:			PORTLAND
		STATE:			ME
		ZIP:			04101
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>dec3112.txt
<TEXT>
<TABLE>
                                                                  FORM 13F INFORMATION TABLE
                                                           VALUE   SHARES/  SH/ PUT/ INVSTMT    OTHER          VOTING AUTHORITY
        NAME OF ISSUER          TITLE OF CLASS    CUSIP   (x$1000) PRN AMT  PRN CALL DSCRETN   MANAGERS     SOLE    SHARED    NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S>                            <C>              <C>       <C>      <C>      <C> <C>  <C>     <C>          <C>      <C>      <C>
3M Co.                         COM              88579y101      437     4703 SH       SOLE                                       4703
AT&T Inc.                      COM              00206R102    11850   351520 SH       SOLE                      685            349187
Abbott Laboratories            COM              002824100     7868   120125 SH       SOLE                                     118475
Accenture PLC Ireland          SHS CLASS A      G1151C101    11866   178430 SH       SOLE                      240            175765
Alerian MLP ETF Tr.            ALERIAN MLP      00162q866     1137    71285 SH       SOLE                      505             70780
Amdocs Ltd.                    ORD              g02602103     1244    36585 SH       SOLE                      250             36335
American Capital Agency Corp.  COM              02503X105      218     7530 SH       SOLE                                       6330
American Water Works Co., Inc. COM              030420103     7818   210560 SH       SOLE                                     209460
Analog Devices Inc.            COM              032654105     1392    33089 SH       SOLE                      225             32864
Annaly Capital Management, Inc COM              035710409     5769   410922 SH       SOLE                     1164            405258
Aon PLC                        SHS CL A         G0408V102     2989    53755 SH       SOLE                                      53305
Apache Corp.                   COM              037411105      311     3964 SH       SOLE                                       3964
Apollo Investment Corporation  COM              03761U106     1217   145540 SH       SOLE                      800            144740
Apple, Inc.                    COM              037833100    18102    34015 SH       SOLE                       92             33565
Ares Capital Corp.             COM              04010L103     2334   133385 SH       SOLE                                     132310
Ascena Retail Group, Inc.      COM              04351G101     5152   278945 SH       SOLE                      300            276145
Ashland, Inc. New              COM              044209104     8597   106914 SH       SOLE                      115            105274
Automatic Data Processing, Inc COM              053015103     1414    24845 SH       SOLE                      155             24690
Bank of America Corp.          COM              060505104      409    35200 SH       SOLE                                      35200
Bank of Montreal Quebec        COM              063671101     1159    18910 SH       SOLE                      125             18785
Bank of Nova Scotia Halifax    COM              064149107     3300    57021 SH       SOLE                                      56596
Bard (C.R.), Inc.              COM              067383109     4155    42506 SH       SOLE                                      41856
Baxter International Inc.      COM              071813109      274     4110 SH       SOLE                                       4110
Beacon Roofing Supply, Inc.    COM              073685109      529    15895 SH       SOLE                      255             15640
Berkshire Hathaway Inc., Class CL A             084670108      268        2 SH       SOLE                                          2
Berkshire Hathaway Inc., Class CL B NEW         084670702      381     4245 SH       SOLE                                       4245
Biogen IDEC, Inc.              COM              09062x103     7244    49490 SH       SOLE                                      48565
Bristol-Myers Squibb Co.       COM              110122108      697    21388 SH       SOLE                                      21388
CIT Group, Inc.                COM NEW          125581801      416    10775 SH       SOLE                                      10775
CVS/Caremark Corp.             COM              126650100    14979   309796 SH       SOLE                      190            305656
Catamaran Corporation          COM              148887102     5671   120395 SH       SOLE                      180            118315
Celgene Corp                   COM              151020104     7481    95337 SH       SOLE                                      93787
Chevron Corp. New              COM              166764100     6176    57109 SH       SOLE                      205             56279
China Mobile Limited ADR       SPONSORED ADR    16941m109     2923    49779 SH       SOLE                      125             49379
Coca-Cola Co.                  COM              191216100      360     9934 SH       SOLE                      250              9684
Colgate-Palmolive Co.          COM              194162103      628     6011 SH       SOLE                                       6011
Comcast Corp. New              CL A             20030n101     6115   163680 SH       SOLE                      310            158595
Connecticut Water Service, Inc COM              207797101      233     7831 SH       SOLE                                       7831
ConocoPhillips                 COM              20825c104     3231    55718 SH       SOLE                      300             55418
Costco Wholesale Corp. New     COM              22160K105     1378    13957 SH       SOLE                       90             13867
Covidien PLC                   SHS              G2554F113      410     7100 SH       SOLE                                       7100
DaVita Healthcare Partners Inc.COM              23918K108     1325    11989 SH       SOLE                       85             11904
Deere & Co.                    COM              244199105      231     2670 SH       SOLE                                       2670
Denbury Resources Inc.         COM NEW          247916208     2783   171805 SH       SOLE                                     170905
Diebold, Inc.                  COM              253651103      422    13800 SH       SOLE                                      13800
Discover Financial Services    COM              254709108     7025   182238 SH       SOLE                                     180438
Dominion Resources Inc. VA New COM              25746u109     1436    27727 SH       SOLE                      155             27572
Du Pont (E.I.) de Nemours & Co.COM              263534109     1245    27689 SH       SOLE                                      27689
EMC Corp. Mass.                COM              268648102    11759   464794 SH       SOLE                      350            460094
Eastman Chemical Co.           COM              277432100     1563    22971 SH       SOLE                      165             22806
Eaton Corp PLC                 SHS              G29183103     9944   183544 SH       SOLE                      180            181423
Eli Lilly and Co.              COM              532457108     1292    26189 SH       SOLE                      175             26014
Elizabeth Arden, Inc.          COM              28660G106      585    12992 SH       SOLE                                      12992
Energizer Holdings, Inc        COM              29266r108      956    11950 SH       SOLE                      100             11850
Enterprise Products Partners,  COM              293792107      898    17939 SH       SOLE                                      16789
Express Scripts Holding Compan COM              30219G108    10214   189150 SH       SOLE                      460            186315
Exxon Mobil Corp.              COM              30231g102     4858    56127 SH       SOLE                      380             55747
FedEx Corp.                    COM              31428x106      869     9470 SH       SOLE                                       9470
Fifth Third Bancorp            COM              316773100     2016   132603 SH       SOLE                                     132603
First American Financial Corpo COM              31847R102     1109    46050 SH       SOLE                                      46050
Flowserve Corp.                COM              34354P105     1408     9591 SH       SOLE                       70              9521
Footlocker, Inc.               COM              344849104     4512   140470 SH       SOLE                                     138070
General Electric Co.           COM              369604103     2468   117582 SH       SOLE                      435            117147
General Mills, Inc.            COM              370334104     7817   193392 SH       SOLE                      425            191042
Genuine Parts                  COM              372460105      459     7213 SH       SOLE                      130              7083
Gilead Sciences Inc.           COM              375558103    12372   168436 SH       SOLE                                     166211
Golar LNG Ltd. Bermuda         SHS              G9456A100    11420   310490 SH       SOLE                      570            306320
Golar LNG Partners LP          COM UNIT LPI     Y2745C102      241     8070 SH       SOLE                                       8070
Google, Inc.                   CL A             38259p508    12071    17064 SH       SOLE                       18             16806
H.J. Heinz Co.                 COM              423074103    12321   213606 SH       SOLE                     2435            208696
Henry Schein, Inc.             COM              806407102     2699    33557 SH       SOLE                      215             33342
Hexcel Corp. New               COM              428291108     9454   350665 SH       SOLE                      675            344715
Highwoods Properties, Inc.     COM              431284108     4236   126650 SH       SOLE                      200            123075
HollyFrontier Corp.            COM              436106108    13287   285435 SH       SOLE                      450            281535
Home Properties, Inc.          COM              437306103      291     4752 SH       SOLE                                       4752
Honeywell International, Inc.  COM              438516106      828    13039 SH       SOLE                                      13039
Host Hotels & Resorts Inc.     COM              44107p104     2801   178726 SH       SOLE                      500            177101
IDEXX Laboratories, Inc.       COM              45168D104      605     6517 SH       SOLE                                       6517
IPG Photonics Corp.            COM              44980x109     1198    17969 SH       SOLE                      245             17724
Int'l Business Machines Corp.  COM              459200101     3140    16394 SH       SOLE                       45             16349
Intel Corp.                    COM              458140100     2252   109228 SH       SOLE                      635            108593
International Paper Co.        COM              460146103     2156    54117 SH       SOLE                      485             53632
Invesco Ltd.                   SHS              G491BT108     1410    54043 SH       SOLE                      370             53673
J.P. Morgan Chase & Co.        COM              46625h100      333     7579 SH       SOLE                                       7579
Johnson & Johnson              COM              478160104     1530    21819 SH       SOLE                                      21819
Johnson Controls, Inc.         COM              478366107     6003   195720 SH       SOLE                      200            194870
Kimberly-Clark Corp.           COM              494368103     4918    58255 SH       SOLE                      110             58145
LKQ Corporation                COM              501889208     4885   231529 SH       SOLE                      460            228794
LSI Corporation                COM              502161102     5818   822876 SH       SOLE                                     807526
Lincoln National Corp. Ind.    COM              534187109     2443    94330 SH       SOLE                                      93580
Lowe's Companies, Inc.         COM              548661107    11134   313471 SH       SOLE                      300            309296
M&T Bank Corp.                 COM              55261F104     2435    24732 SH       SOLE                      165             24567
MSC Industrial Direct Co., Inc CL A             553530106     1942    25765 SH       SOLE                                      25515
Markel Corp.                   COM              570535104      390      900 SH       SOLE                                        900
Marsh & McLennan Cos. Inc.     COM              571748102     2886    83731 SH       SOLE                                      80631
MasTec, Inc.                   COM              576323109    12985   520851 SH       SOLE                      400            513901
McDonald's Corp.               COM              580135101     7197    81585 SH       SOLE                      100             80115
McKesson Corporation           COM              58155q103     8141    83959 SH       SOLE                      280             82804
Merck & Co., Inc. New          COM              58933Y105     1468    35850 SH       SOLE                                      34550
Mesabi Trust                   CTF BEN INT      590672101      350    13742 SH       SOLE                                      13742
Microsoft Corp.                COM              594918104     8296   310595 SH       SOLE                      400            306420
Mondelez International, Inc.   CL A             609207105      333    13072 SH       SOLE                     2290              9682
NextEra Energy, Inc.           COM              65339F101     3159    45653 SH       SOLE                      210             44643
Nike, Inc.                     CL B             654106103      269     5204 SH       SOLE                                       4304
Novartis AG - Sponsored ADR    SPONSORED ADR    66987v109     4870    76940 SH       SOLE                      150             76265
NuStar Energy LP               UNIT COM         67058h102      525    12349 SH       SOLE                                      12349
Nuance Communications, Inc.    COM              67020Y100      227    10150 SH       SOLE                                      10150
ONEOK Inc. New                 COM              682680103     7239   169334 SH       SOLE                                     166184
ONEOK Partners, LP             UNIT LTD PARTN   68268n103      375     6945 SH       SOLE                                       6945
Old Dominion Freight Lines Inc.COM              679580100     2462    71830 SH       SOLE                      285             71545
Owens Corning New              COM              690742101     9244   249910 SH       SOLE                      200            247185
PNC Financial Services Group   COM              693475105     1014    17390 SH       SOLE                                      17390
PP&L Corporation               COM              69351T106     3654   127632 SH       SOLE                      300            126532
PSB Holdings, Inc.             COM              69360w108      139    29000 SH       SOLE                                      29000
PVH Corp.                      COM              693656100      640     5764 SH       SOLE                       75              5689
PepsiCo, Inc.                  COM              713448108      901    13168 SH       SOLE                                      13168
Pfizer, Inc.                   COM              717081103      631    25178 SH       SOLE                                      25178
Philip Morris International, I COM              718172109     4762    56932 SH       SOLE                     4990             51492
Phillips 66                    COM              718546104      401     7549 SH       SOLE                                       7449
Portland General Electric Comp COM NEW          736508847      598    21864 SH       SOLE                                      21864
PowerShares QQQ - Nasdaq 100 I UNIT SER 1       73935A104     4612    70817 SH       SOLE                      345             70472
Procter & Gamble Co.           COM              742718109     7062   104017 SH       SOLE                                     102967
Qualcomm,Inc.                  COM              747525103    11796   190696 SH       SOLE                      455            188416
Raymond James Financial, Inc.  COM              754730109     1459    37857 SH       SOLE                      250             37607
Rockwood Holdings, Inc.        COM              774415103     5734   115940 SH       SOLE                      150            115015
Ross Stores, Inc.              COM              778296103     2050    37893 SH       SOLE                      250             37643
Royal Bk of Canada Mont. QuebecCOM              780087102     1509    25024 SH       SOLE                      160             24864
SPDR KBW Regional Banking ETF  S&P REGL BKG     78464A698    12615   451020 SH       SOLE                      200            444695
Statoil ASA ADR                SPONSORED ADR    85771P102     7800   311500 SH       SOLE                                     307825
SunTrust Banks Inc.            COM              867914103    11253   396936 SH       SOLE                      690            391846
Target Corp.                   COM              87612e106      700    11830 SH       SOLE                                      11830
Terex Corp. New                COM              880779103     5162   183640 SH       SOLE                      350            181790
Tetra Tech, Inc. New           COM              88162g103     3107   117390 SH       SOLE                      335            117055
The Greenbrier Companies, Inc. COM              393657101     1293    79960 SH       SOLE                                      79960
Titan International, Inc. IL   COM              88830M102      655    30150 SH       SOLE                      300             29850
Toronto-Dominion Bank Ontario  COM NEW          891160509     9970   118227 SH       SOLE                      220            116907
TransCanada Corp.              COM              89353D107     1791    37848 SH       SOLE                      365             37483
U.S. Bancorp Del.              COM NEW          902973304     7840   245455 SH       SOLE                                     245455
Union Pacific Corp.            COM              907818108      702     5587 SH       SOLE                                       5187
United Technologies Corp.      COM              913017109      253     3085 SH       SOLE                                       2635
UnitedHealth Group Inc.        COM              91324p102     7056   130093 SH       SOLE                      485            126483
V. F. Corp.                    COM              918204108    13830    91608 SH       SOLE                      125             90383
Vale SA (ADR)                  ADR              91912e105      285    13600 SH       SOLE                                      13600
Valmont Industries, Inc.       COM              920253101     3959    28992 SH       SOLE                       65             28727
Vanguard REIT ETF              REIT ETF         922908553     2685    40809 SH       SOLE                      275             40534
Ventas, Inc.                   COM              92276f100     1240    19152 SH       SOLE                      135             19017
Verizon Communications Inc.    COM              92343v104     7399   170991 SH       SOLE                      385            168581
Visa, Inc. Class A             COM CL A         92826C839    13277    87592 SH       SOLE                                      86292
Vodafone Group PLC New (ADR)   SPONS ADR NEW    92857w209     2084    82714 SH       SOLE                                      81564
W.W. Grainger, Inc.            COM              384802104      269     1331 SH       SOLE                                       1331
Wabtec Corporation             COM              929740108      871     9949 SH       SOLE                                       9149
Walt Disney Co.                COM DISNEY       254687106     6136   123236 SH       SOLE                      380            121006
Wells Fargo & Co. New          COM              949746101      792    23177 SH       SOLE                                      21077
Whiting Petroleum Corp. New    COM              966387102     3883    89541 SH       SOLE                      125             88666
Whole Foods Market, Inc.       COM              966837106     1155    12675 SH       SOLE                       95             12580
Williams Cos.,Inc. Del.        COM              969457100     1155    35292 SH       SOLE                      275             35017
Williams-Sonoma, Inc.          COM              969904101     1208    27590 SH       SOLE                      185             27405
Wolverine World Wide, Inc.     COM              978097103     3517    85822 SH       SOLE                      200             84972
World Fuel Services Corp.      COM              981475106     1823    44269 SH       SOLE                                      42319
eBay, Inc.                     COM              278642103     1356    26580 SH       SOLE                                      26580
iShares DJ U.S. Consumer Goods CONS GOODS IDX   464287812      305     4065 SH       SOLE                                       4065
Guggenheim S&P 500 Equal Wt    GUG S&P 500 WT EQ78355w106     3630    68086 SH       SOLE                                      68086
SPDR S&P 500 ETF Trust         TR UNIT          78462F103     3659    25695 SH       SOLE                      575             25120
SPDR S&P Dividend ETF          S&P DIVID ETF    78464A763      240     4120 SH       SOLE                                       4120
SPDR S&P MidCap 400 ETF Trust  UTSER1 S&PDCRP   78467Y107     1179     6350 SH       SOLE                       95              6255
Vanguard High Dividend Yield I HIGH DIV YLD     921946406      273     5535 SH       SOLE                                       5535
Vanguard Ind. Fds.Small Cap ETFSMALL CP ETF     922908751      623     7701 SH       SOLE                                       7701
Vanguard Total Stock Market ET TOTAL STK MKT    922908769      342     4666 SH       SOLE                                       4666
iShares Russell 3000 Index Fun RUSSELL 3000     464287689      448     5285 SH       SOLE                                       5285
iShares S&P 100 Index Fund     S&P 100 IDX FD   464287101     1048    16200 SH       SOLE                      100             16100
iShares S&P SmallCap 600 Index CORE S&P SCP ETF 464287804     3353    42934 SH       SOLE                      405             42529
Vanguard FTSE All-World ex-US  ALLWRLD EX US    922042775      295     6449 SH       SOLE                                       6449
Vanguard MSCI Emerging Markets MSCI EMR MKT ETF 922042858      568    12764 SH       SOLE                                      12764
WisdomTree Emerging Mkts Equit EMERG MKTS ETF   97717W315      578    10109 SH       SOLE                                      10109
iShares MSCI Canada Index Fund MSCI CDA INDEX   464286509      204     7170 SH       SOLE                                       7170
iShares MSCI Emerging Markets  MSCI EMERG MKT   464287234     3406    76790 SH       SOLE                                      76790
iShares MSCI Mexico Index      MSCI MEX INVEST  464286822     3027    42913 SH       SOLE                      250             42663
Principled Equity Market Fund  SH BEN INT       742959109    10778 624836.154SH      SOLE                                 624836.154
</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>