PUTNAM NEW YORK TAX EXEMPT INCOME TRUST
NSAR-B, 1998-01-29
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<PAGE>      PAGE  1
000 B000000 11/30/97
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020 A000004 BANK OF AMERICA NT&SA
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SIGNATURE   PAUL BUCUVALAS                               
TITLE       VICE PRESIDENT      
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Putnam New York Tax Exempt Income Fund
</LEGEND>
<SERIES>
   <NUMBER> 3
   <NAME> CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               NOV-30-1997
<INVESTMENTS-AT-COST>                    1,800,726,422
<INVESTMENTS-AT-VALUE>                   1,937,928,424
<RECEIVABLES>                               36,947,147
<ASSETS-OTHER>                               3,326,001
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,978,201,572
<PAYABLE-FOR-SECURITIES>                    13,252,924
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    9,564,470
<TOTAL-LIABILITIES>                         22,817,394
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,818,424,403
<SHARES-COMMON-STOCK>                      191,323,755
<SHARES-COMMON-PRIOR>                      210,172,016
<ACCUMULATED-NII-CURRENT>                    1,613,130
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      2,563,476
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   132,783,169
<NET-ASSETS>                             1,955,384,178
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                          119,161,429
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              16,695,919
<NET-INVESTMENT-INCOME>                    102,465,510
<REALIZED-GAINS-CURRENT>                    58,232,661
<APPREC-INCREASE-CURRENT>                  (6,498,090)
<NET-CHANGE-FROM-OPS>                     126,571,971
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                 (93,569,135)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     36,261,786
<NUMBER-OF-SHARES-REDEEMED>               (61,135,199)
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<OVERDIST-NET-GAINS-PRIOR>                (55,035,593)
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<INTEREST-EXPENSE>                                   0
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<AVERAGE-NET-ASSETS>                     1,777,154,135
<PER-SHARE-NAV-BEGIN>                             8.91 
<PER-SHARE-NII>                                    .46
<PER-SHARE-GAIN-APPREC>                            .12
<PER-SHARE-DIVIDEND>                             (.47) 
<PER-SHARE-DISTRIBUTIONS>                           0
<RETURNS-OF-CAPITAL>                                0
<PER-SHARE-NAV-END>                              9.02
<EXPENSE-RATIO>                                  .79
<AVG-DEBT-OUTSTANDING>                         0
<AVG-DEBT-PER-SHARE>                           0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Putnam New York Tax Exempt Income Fund
</LEGEND>
<SERIES>
   <NUMBER> 3
   <NAME> CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               NOV-30-1997
<INVESTMENTS-AT-COST>                    1,800,726,422
<INVESTMENTS-AT-VALUE>                   1,937,928,424
<RECEIVABLES>                               36,947,147
<ASSETS-OTHER>                               3,326,001
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,978,201,572
<PAYABLE-FOR-SECURITIES>                    13,252,924
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    9,564,470
<TOTAL-LIABILITIES>                         22,817,394
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,818,424,403
<SHARES-COMMON-STOCK>                       25,297,659
<SHARES-COMMON-PRIOR>                       25,557,648
<ACCUMULATED-NII-CURRENT>                    1,613,130
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      2,563,476
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   132,783,169
<NET-ASSETS>                             1,955,384,178
<DIVIDEND-INCOME>                                    0
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<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                    102,465,510
<REALIZED-GAINS-CURRENT>                    58,232,661
<APPREC-INCREASE-CURRENT>                  (6,498,090)
<NET-CHANGE-FROM-OPS>                     126,571,971
<EQUALIZATION>                                      0
<DISTRIBUTIONS-OF-INCOME>                 (10,384,042)
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<INTEREST-EXPENSE>                                   0
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<AVERAGE-NET-ASSETS>                       225,395,051
<PER-SHARE-NAV-BEGIN>                             8.90 
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<EXPENSE-RATIO>                                  1.44
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<AVG-DEBT-PER-SHARE>                           0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Putnam New York Tax Exempt Income Fund
</LEGEND>
<SERIES>
   <NUMBER> 3
   <NAME> CLASS M
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-END>                               NOV-30-1997
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<INVESTMENTS-AT-VALUE>                   1,937,928,424
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<AVERAGE-NET-ASSETS>                       1,609,938
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</TABLE>


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