PUTNAM TAX EXEMPT INCOME FUND, DEFA14A, 1994-03-21

PUTNAM TAX EXEMPT INCOME FUND
DEFA14A, 1994-03-21

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PUTNAM LOGO


     We are forwarding to you a copy of the Prospectus/Proxy
Statement relating to the proposed reorganization between Putnam
Texas Tax Exempt Income Fund and Putnam Tax Exempt Income Fund,
described therein.


Sincerely,


Putnam Mutual Funds Corp.