PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND
PUTNAM CALIFORNIA INTERMEDIATE TAX EXEMPT FUND
PUTNAM CALIFORNIA TAX EXEMPT MONEY MARKET FUND
Prospectus Supplement dated December 1, 1995 to
Prospectus dated February 1, 1995
Effective December 1, 1995, any applicable contingent deferred
sales charge will be waived on redemptions of shares following
the death or post-purchase disability of a settlor of a living
trust account. Up to 12% of the value of shares subject to a
systematic withdrawal plan may also be redeemed each year without
a CDSC.
