PUTNAM ARIZONA TAX EXEMPT INCOME FUND
PUTNAM FLORIDA TAX EXEMPT INCOME FUND
PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND
PUTNAM MICHIGAN TAX EXEMPT INCOME FUND
PUTNAM MINNESOTA TAX EXEMPT INCOME FUND
PUTNAM NEW JERSEY TAX EXEMPT INCOME FUND
PUTNAM OHIO TAX EXEMPT INCOME FUND
PUTNAM PENNSYLVANIA TAX EXEMPT INCOME FUND
Prospectus Supplement dated July 11, 1996
to Prospectus dated October 1, 1995, as revised May 1, 1996
The first paragraph on page 26 of the prospectus under the
heading "How the funds pursue their objectives - Basic investment
strategy" is replaced with the following:
Investments by a fund in tax-exempt securities and taxable
obligations will be limited to securities rated at the time of
purchase at least Ba by Moody's Investors Service, Inc.
("Moody's") or at least BB by Standard & Poor's ("S&P") or
unrated securities that Putnam Management determines are of
comparable quality at the time of purchase.
