<PAGE> PAGE 1
000 A000000 11/30/94
000 C000000 0000794612
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 PUTNAM MINNESOTA TAX EXEMPT INCOME FUND II
001 B000000 811-4527
001 C000000 6172921000
002 A000000 ONE POST OFFICE SQUARE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 PUTNAM INVESTMENT MANAGEMENT, INC.
008 B000001 A
008 C000001 801-7974
008 D010001 BOSTON
008 D020001 MA
008 D030001 02109
011 A000001 PUTNAM MUTUAL FUNDS CORP.
011 B000001 8-5088
011 C010001 BOSTON
011 C020001 MA
011 C030001 02109
012 A000001 PUTNAM INVESTOR SERVICES
012 B000001 84-401299
012 C010001 BOSTON
012 C020001 MA
012 C030001 02109
018 000000 Y
019 A000000 Y
019 B000000 82
<PAGE> PAGE 2
019 C000000 PUTNAMFUND
020 A000001 RAND FINANCIAL SERVICES
020 B000001 36-3848442
020 C000001 1
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 PAINE WEBBER INC
022 B000001 13-2638166
022 C000001 17740
022 D000001 10369
022 A000002 PIPER JAFFRAY AND HOPWOOD INC
022 B000002 41-0953246
022 C000002 10165
022 D000002 5269
022 A000003 MERRILL LYNCH
022 B000003 13-5674085
022 C000003 6100
022 D000003 6500
022 A000004 GOLDMAN SACHS
022 B000004 13-5108880
022 C000004 9496
022 D000004 0
022 A000005 LEHMAN BROTHERS
022 B000005 13-2518466
022 C000005 3070
022 D000005 6411
022 A000006 MORGAN STANLEY INC
022 B000006 13-2655998
022 C000006 2158
022 D000006 2189
022 A000007 FIRST ALBANY CORP
022 B000007 14-1391446
022 C000007 1942
022 D000007 2036
022 A000008 DAIN BOSWORTH INC
022 B000008 41-0212020
022 C000008 3012
022 D000008 0
022 A000009 PRUDENTIAL SECURITIES
022 B000009 22-2347336
022 C000009 2956
022 D000009 0
022 A000010 CAIN BROTHERS SHATTUCK AND CO
<PAGE> PAGE 3
022 B000010 13-3143546
022 C000010 2917
022 D000010 0
023 C000000 61872
023 D000000 39588
027 000000 Y
028 A010000 1869
028 A020000 337
028 A030000 0
028 A040000 761
028 B010000 1247
028 B020000 366
028 B030000 0
028 B040000 951
028 C010000 1945
028 C020000 347
028 C030000 0
028 C040000 951
028 D010000 1846
028 D020000 326
028 D030000 0
028 D040000 1884
028 E010000 908
028 E020000 350
028 E030000 0
028 E040000 794
028 F010000 1265
028 F020000 318
028 F030000 0
028 F040000 1940
028 G010000 9080
028 G020000 2044
028 G030000 0
028 G040000 7281
028 H000000 9080
029 000000 Y
030 A000000 284
030 B000000 4.75
030 C000000 0.00
031 A000000 17
031 B000000 0
032 000000 267
033 000000 0
034 000000 Y
035 000000 3
036 A000000 N
036 B000000 0
037 000000 N
038 000000 0
042 A000000 0
042 B000000 0
<PAGE> PAGE 4
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 142
044 000000 0
045 000000 Y
048 000000 0.000
048 A010000 500000
048 A020000 0.600
048 B010000 500000
048 B020000 0.500
048 C010000 500000
048 C020000 0.450
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 1500000
048 K020000 0.400
053 A000000 N
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
060 B000000 Y
061 000000 0
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
<PAGE> PAGE 5
062 M000000 0.0
062 N000000 0.0
062 O000000 101.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 -1.0
063 A000000 0
063 B000000 0.0
064 A000000 Y
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 Y
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 N
070 P020000 Y
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
<PAGE> PAGE 6
071 A000000 23011
071 B000000 18244
071 C000000 102763
071 D000000 18
072 A000000 6
072 B000000 3644
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 317
072 G000000 4
072 H000000 0
072 I000000 49
072 J000000 -2
072 K000000 7
072 L000000 9
072 M000000 5
072 N000000 4
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 10
072 S000000 9
072 T000000 142
072 U000000 3
072 V000000 0
072 W000000 2
072 X000000 559
072 Y000000 0
072 Z000000 3085
072AA000000 0
072BB000000 1536
072CC010000 0
072CC020000 6331
072DD010000 2760
072DD020000 297
072EE000000 0
073 A010000 0.2533
073 A020000 0.2275
073 B000000 0.0000
073 C000000 0.0000
074 A000000 193
074 B000000 0
074 C000000 0
074 D000000 101520
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 3225
<PAGE> PAGE 7
074 K000000 0
074 L000000 2117
074 M000000 0
074 N000000 107055
074 O000000 5952
074 P000000 221
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 417
074 S000000 0
074 T000000 100465
074 U010000 10720
074 U020000 1598
074 V010000 8.16
074 V020000 8.14
074 W000000 0.0000
074 X000000 4527
074 Y000000 0
075 A000000 0
075 B000000 105298
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 Q010000 Y
080 A000000 FEDERAL INSURANCE CO.
080 B000000 NATIONAL UNION FIRE INSURANCE CO.
080 C000000 50000
081 A000000 N
081 B000000 0
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
<PAGE> PAGE 8
SIGNATURE GORDON H. SILVER
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM Putnam Minnesota
Tax Exempt Income II Class A AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAY-31-1994
<PERIOD-END> NOV-30-1994
<INVESTMENTS-AT-COST> 107,189,181
<INVESTMENTS-AT-VALUE> 101,519,906
<RECEIVABLES> 5,343,137
<ASSETS-OTHER> 192,721
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 107,055,764
<PAYABLE-FOR-SECURITIES> 5,952,261
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 638,137
<TOTAL-LIABILITIES> 6,590,398
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 108,021,932
<SHARES-COMMON-STOCK> 10,720,076
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (36,902)
<ACCUMULATED-NET-GAINS> (1,845,701)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (5,673,963)
<NET-ASSETS> 100,465,366
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,643,583
<OTHER-INCOME> 0
<EXPENSES-NET> (558,858)
<NET-INVESTMENT-INCOME> 3,084,725
<REALIZED-GAINS-CURRENT> (1,546,273)
<APPREC-INCREASE-CURRENT> (6,330,825)
<NET-CHANGE-FROM-OPS> (4,782,193)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,760,381)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 414,934
<NUMBER-OF-SHARES-REDEEMED> (783,037)
<SHARES-REINVESTED> 216,240
<NET-CHANGE-IN-ASSETS> (3,995,011)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 316,823
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 558,858
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 8.79
<PER-SHARE-NII> .26
<PER-SHARE-GAIN-APPREC> (.64)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.25)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.16
<EXPENSE-RATIO> .44
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM Putnam Minnesota
Tax Exempt Income II Class B AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAY-31-1994
<PERIOD-END> NOV-30-1994
<INVESTMENTS-AT-COST> 107,189,181
<INVESTMENTS-AT-VALUE> 101,519,906
<RECEIVABLES> 5,343,137
<ASSETS-OTHER> 192,721
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 107,055,764
<PAYABLE-FOR-SECURITIES> 5,952,261
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 638,137
<TOTAL-LIABILITIES> 6,590,398
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 108,021,932
<SHARES-COMMON-STOCK> 1,597,657
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (36,902)
<ACCUMULATED-NET-GAINS> (1,845,701)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (5,673,963)
<NET-ASSETS> 100,465,366
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,643,583
<OTHER-INCOME> 0
<EXPENSES-NET> (558,858)
<NET-INVESTMENT-INCOME> 3,084,725
<REALIZED-GAINS-CURRENT> (1,546,273)
<APPREC-INCREASE-CURRENT> (6,330,825)
<NET-CHANGE-FROM-OPS> (4,782,193)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,760,381)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 635,905
<NUMBER-OF-SHARES-REDEEMED> (70,683)
<SHARES-REINVESTED> 21,115
<NET-CHANGE-IN-ASSETS> (3,995,011)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 316,823
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 558,858
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 8.77
<PER-SHARE-NII> .23
<PER-SHARE-GAIN-APPREC> (.63)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.23)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.14
<EXPENSE-RATIO> .09
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
