PUTNAM NEW YORK TAX EXEMPT INCOME FUND
PUTNAM NEW YORK INTERMEDIATE TAX EXEMPT FUND
PUTNAM NEW YORK TAX EXEMPT OPPORTUNITIES FUND
PUTNAM NEW YORK TAX EXEMPT MONEY MARKET FUND
Prospectus Supplement dated December 4, 1995
to Prospectus dated February 1, 1995
David J. Eurkus and William H. Reeves, each a Senior Vice
President of Putnam Investment Management, Inc. ("Putnam
Management") and a Vice President of Putnam New York Tax Exempt
Income Trust, have had primary responsibility for the day-to-day
management of Putnam New York Tax Exempt Income Fund's portfolio
since 1985 and December, 1995, respectively. Mr. Eurkus and Mr.
Reeves have been employed by Putnam Management since 1983 and
1986, respectively.
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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.
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