SEC Filing - Microbot Medical Inc

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 2)

NAME OF ISSUER CYTOTHERAPEUTICS, INC.

TITLE OF CLASS OF SECURITIES Common

CUSIP NUMBER 232923102

The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.

The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).

Page 1 of 10 Pages

13G

CUSIP No. 232923102 Page 2 of 10
Pages
- -----------------------------------------------------------------
- -------------
1. Name of reporting person
S.S. or I.R.S. identification no. of above person

Marsh & McLennan Companies, Inc.
36-2668272
- -----------------------------------------------------------------
- -------------
2. Check the appropriate box if a member of a group*
(a)( ) (b)( )
- -----------------------------------------------------------------
- -------------
3. SEC use only

- -----------------------------------------------------------------
- -------------
4. Citizenship or place of organization

Delaware
- -----------------------------------------------------------------
- -------------
5. Sole
Voting Power

NONE
-----------------------------
Number of shares ) 6. Shared Voting
Power
Beneficially )
Owned by each ) NONE
Reporting ) -----------------------------
Person with: ) 7. Sole
Dispositive Power

NONE
-----------------------------
8. Shared
Dispositive Power

NONE
- -----------------------------------------------------------------
- -------------
9. Aggregate amount beneficially owned by each reporting person

NONE
- -----------------------------------------------------------------
- -------------
10. Check box if the aggregate amount in row (9) includes
certain shares*

- -----------------------------------------------------------------
- -------------
11. Percent of class represented by amount in row 9

NONE
- -----------------------------------------------------------------
- -------------
12. Type of Reporting person*

HC
- -----------------------------------------------------------------
- -------------

13G

CUSIP No. 232923102 Page 3 of 10
Pages
- -----------------------------------------------------------------
- -------------
1. Name of reporting person
S.S. or I.R.S. identification no. of above person

Putnam Investments, Inc.
04-2539558
- -----------------------------------------------------------------
- -------------
2. Check the appropriate box if a member of a group*
(a)( ) (b)( )
- -----------------------------------------------------------------
- -------------
3. SEC use only

- -----------------------------------------------------------------
- -------------
4. Citizenship or place of organization

Massachusetts
- -----------------------------------------------------------------
- -------------
5. Sole
Voting Power

NONE
Number of shares ) -------------------------
- ----
Beneficially ) 6. Shared Voting
Power
owned by each )
Reporting ) 9,000
Person with: ) -----------------------------
7. Sole
Dispositive Power

NONE
-----------------------------
8. Shared
Dispositive Power

1,134,800
- -----------------------------------------------------------------
- -------------
9. Aggregate amount beneficially owned by each reporting person

1,134,800
- -----------------------------------------------------------------
- -------------
10. Check box if the aggregate amount in row (9) includes
certain shares*

- -----------------------------------------------------------------
- -------------
11. Percent of class represented by amount in row 9

7.4%
- -----------------------------------------------------------------
- -------------
12. Type of Reporting person*

HC
- -----------------------------------------------------------------
- -------------

13G

CUSIP No. 232923102 Page 4 of 10
Pages
- -----------------------------------------------------------------
- -------------
1. Name of reporting person
S.S. or I.R.S. identification no. of above person

Putnam Investment Management, Inc.
04-2471937
- -----------------------------------------------------------------
- -------------
2. Check the appropriate box if a member of a group*
(a)( ) (b)( )
- -----------------------------------------------------------------
- -------------
3. SEC use only

- -----------------------------------------------------------------
- -------------
4. Citizenship or place of organization

Massachusetts
- -----------------------------------------------------------------
- -------------
5. Sole
Voting Power

NONE
Number of shares ) -------------------------
- ----
Beneficially ) 6. Shared Voting
Power
Owned by each )
Reporting ) NONE
Person with: ) -----------------------------
7. Sole
Dispositive Power

NONE
-----------------------------
8. Shared
Dispositive Power

1,119,200
- -----------------------------------------------------------------
- -------------
9. Aggregate amount beneficially owned by each reporting
person

1,119,200
- -----------------------------------------------------------------
- -------------
10. Check box if the aggregate amount in row (9) includes
certain shares*

- -----------------------------------------------------------------
- -------------
11. Percent of class represented by amount in row 9

7.3%
- -----------------------------------------------------------------
- -------------
12. Type of Reporting person*

IA
- -----------------------------------------------------------------
-------------

13G

CUSIP No. 232923102 Page 5 of 10
Pages
- -----------------------------------------------------------------
- -------------
1. Name of reporting person
S.S. or I.R.S. identification no. of above person

The Putnam Advisory Company, Inc.
04-6187127

- -----------------------------------------------------------------
- -------------
2. Check the appropriate box if a member of a group*
(a)( ) (b)( )
- -----------------------------------------------------------------
- -------------
3. SEC use only

- -----------------------------------------------------------------
- -------------
4. Citizenship or place of organization

Massachusetts
- -----------------------------------------------------------------
- -------------
5. Sole
Voting Power

NONE
Number of shares ) -------------------------
- ----
Beneficially ) 6. Shared Voting
Power
Owned by each )
Reporting ) 9,000
Person with: ) -----------------------------
7. Sole
Dispositive Power

NONE
-----------------------------

8. Shared
Dispositive Power

15,600
- -----------------------------------------------------------------
- -------------
9. Aggregate amount beneficially owned by each reporting person

15,600
- -----------------------------------------------------------------
- -------------
10. Check box if the aggregate amount in row (9) includes
certain shares*

- -----------------------------------------------------------------
- -------------
11. Percent of class represented by amount in row 9

0.1%
- -----------------------------------------------------------------
- -------------
12. Type of Reporting person*

IA
- -----------------------------------------------------------------
- -------------

SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 2)

Item 1(a) Name of Issuer: CYTOTHERAPEUTICS, INC.

Item 1(b) Address of Issuer's Principal Executive Offices:

TWO RICHMOND SQUARE, PROVIDENCE, RI 02906

Item 2(a) Item 2(b)

Name of Person Filing: Address or
Principal Office or, if none,
Residence:

Putnam Investments, Inc. One Post Office Square
("PI") Boston, Massachusetts 02109
on behalf of itself and:

*Marsh & McLennan Companies, Inc. 1166 Avenue of the
Americas
("MMC") New York, NY 10036

Putnam Investment Management, Inc. One Post Office Square
("PIM") Boston, Massachusetts 02109

The Putnam Advisory Company, Inc. One Post Office Square
("PAC") Boston, Massachusetts 02109

Item 2(c) Citizenship: PI, PIM and PAC are
corporations organized under Massachusetts law.
The citizenship of other persons identified in
Item 2(a) is designated as follows:

* Corporation - Delaware law
** Voluntary association known as
Massachusetts business trust - Massachusetts
law

Item 2(d) Title of Class of Securities: Common

Item 2(e) Cusip Number: 232923102

Page 6 of 10 Pages

Item 3. If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b), check whether the person filing is a:

(a)( ) Broker or Dealer registered under Section 15 of the Act

(b)( ) Bank as defined in Section 3(a)(6) of the Act

(c)( ) Insurance Company as defined in Section 3(a)(19) of the
Act

(d)( ) Investment Company registered under Section 8 of the
Investment Company Act

(e)( X ) Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940

(f)( ) Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see (Section
240.13d-1(b)(1)(ii)(F)

(g)( X ) Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G)

(h)( ) Group, in accordance with Section
240.13d-1(b)(1)(ii)(H)

Page 7 of 10 Pages

Item 4.
Ownership.
M&MC PIM* PAC* PI
----- ----- --- ----
Parent holding Investment advisers
Parent holding co.
company & subsidiaries of PI) to PIM and PAC)

(a) Amount Beneficially
Owned: none 1,119,200 + 15,600 = 1,134,800

(b) Percent of Class: none 7.3% 0.1% 7.4%

(1) sole power to vote
or to direct the vote;
(but see Item 7) none none none none

(2) shared power to vote
or to direct the vote;
(but see Item 7) none 9,000 none 9,000

(3) sole power to dispose
or to direct the
disposition of;
(but see Item 7) none none none none

(4) shared power to
dispose or to direct
the disposition of;
(but see Item 7) none all all all

*PIM is investment adviser to Putnam Family of Funds; PAC is investment adviser
to institutional clients.

Page 8 of 10 Pages

Item 5. Ownership of Ten Percent or Less of a Class.

If this statement is being filed to report the fact that as of
the date thereof the reporting person has ceased to be the
beneficial owner of more than ten percent of the class of
securities, check the following (X).

Item 6. Ownership of More than Ten Percent on Behalf of Another
Person.

No persons other than the persons filing this Schedule 13G have
an economic interest in the securities reported on which relates
to more than five percent of the class of securities. Securities
reported on this Schedule 13G as being beneficially owned by M&MC
and PI consist of securities beneficially owned by subsidiaries
of PI which are registered investment advisers, which in turn
include securities beneficially owned by clients of such
investment advisers, which clients may include investment
companies registered under the Investment Company Act and/or
employee benefit plans, pension funds, endowment funds or other
institutional clients.

Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the Parent
Holding Company.

PI, which is a wholly-owned subsidiary of M&MC, wholly owns two
registered investment advisers: Both subsidiaries have
dispository power over the shares as investment managers, but
each of the mutual fund's trustees have voting power over the
shares held by each fund, and The Putnam Advisory Company, Inc.
has shared voting power over the shares held by the institutional
clients. Pursuant to Rule 13d-4, M&MC and PI declare that the
filing of this Schedule 13G shall not be deemed an admission by
either or both of them that they are, for the purposes of Section
13(d) or 13(g) the beneficial owner of any securities covered by
this Section 13G, and further state that neither of them have any
power to vote or dispose of, or direct the voting or disposition
of, any of the securities covered by this Schedule 13G.

Item 8. Identification and Classification of Members of the
Group:
Not applicable.

Item 9. Notice of Dissolution of Group:

Not applicable.

Item 10. Certification.

Page 9 of 10 Pages

By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business, were not acquired for the purpose of
and do not have the effect of changing or influencing the control
of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having
such purposes or effect.

After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.

PUTNAM INVESTMENTS, INC.

/s/
BY: -------------------------------------------
Signature

Name/Title: Frederick S. Marius
Assistant Vice President and Associate Counsel

Date: December 5, 1996

For this and all future filings, reference is made to Power of
Attorney dated November 9, 1992, with respect to duly authorized
signatures on behalf of Marsh & McLennan Companies, Inc., Putnam
Investments, Inc., Putnam Investment Management, Inc., The Putnam
Advisory Company, Inc. and any Putnam Fund wherever applicable.

For this and all future filings, reference is made to an
Agreement dated June 28, 1990, with respect to one filing of
Schedule 13G on behalf of said entitites, pursuant to Rule
13d-1(f)(1).

Page 10 of 10 Pages