PUTNAM MINNESOTA TAX EXEMPT INCOME FUND II
NSAR-A, 1996-02-05
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<PAGE>      PAGE  1
000 A000000 11/30/95
000 C000000 0000794612
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 PUTNAM MINNESOTA TAX EXEMPT INCOME FUND
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
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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   93
<PAGE>      PAGE  2
019 C000000 PUTNAMFUND
020 C000001      0
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 PIPER JAFFRAY & HOPWOOD
022 B000001 41-0953246
022 C000001     17103
022 D000001      5868
022 A000002 PRUDENTIAL SECURITIES INC.
022 B000002 22-2347336
022 C000002      7078
022 D000002      3953
022 A000003 GEORGE K. BAUM
022 B000003 44-0522232
022 C000003      4080
022 D000003      1347
022 A000004 FIRST CHICAGO INVESTMENT SERVICES INC.
022 B000004 36-0899825
022 C000004      5104
022 D000004         0
022 A000005 AMRO BANK
022 C000005       938
022 D000005      3198
022 A000006 DAIN BOSWORTH INC.
022 B000006 41-0212020
022 C000006      3235
022 D000006      1505
022 A000007 GOLDMAN SACHS & CO.
022 B000007 13-5108880
022 C000007         0
022 D000007      2601
022 A000008 EVEREN SECURITIES
022 C000008      2223
022 D000008         0
022 A000009 LEHMAN BROTHERS
022 B000009 13-2518466
022 C000009         0
022 D000009      2062
022 A000010 MORGAN STANLEY INC.
022 B000010 13-2655998
022 C000010         0
022 D000010      1945
023 C000000     140232
<PAGE>      PAGE  3
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024  000000 N
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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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>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM Putnam 
Minnesota Tax Exempt Income Fund II Class A AND IS QUALIFIED IN ITS ENTIRETY 
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         SEMI
<FISCAL-YEAR-END>	May-31-95
<PERIOD-END>	Nov-30-95
<INVESTMENTS-AT-COST>                                                             120,146,192 
<INVESTMENTS-AT-VALUE>	127,676,640
<RECEIVABLES>	2,442,083
<ASSETS-OTHER>	1,884,034
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	132,003,757
<PAYABLE-FOR-SECURITIES>	5,514,957
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	608,319
<TOTAL-LIABILITIES>	6,123,276
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	121,469,040
<SHARES-COMMON-STOCK>	10,902,160
<SHARES-COMMON-PRIOR>	10,999,904
<ACCUMULATED-NII-CURRENT>	0
<OVERDISTRIBUTION-NII>                                                                    (21,755)
<ACCUMULATED-NET-GAINS>                                                                        0 
<OVERDISTRIBUTION-GAINS>	(3,096,532)
<ACCUM-APPREC-OR-DEPREC>	7,529,728
<NET-ASSETS>	125,880,481
<DIVIDEND-INCOME>	0
<INTEREST-INCOME>	3,791,022
<OTHER-INCOME>	0
<EXPENSES-NET>	613,015
<NET-INVESTMENT-INCOME>	3,178,007
<REALIZED-GAINS-CURRENT>	153,966
<APPREC-INCREASE-CURRENT>	2,099,163
<NET-CHANGE-FROM-OPS>	5,431,136
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	      (2,636,686)
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	509,119
<NUMBER-OF-SHARES-REDEEMED>	(805,223)
<SHARES-REINVESTED>	198,360
<NET-CHANGE-IN-ASSETS>	7,763,107
<ACCUMULATED-NII-PRIOR>	0
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	(17,447)
<OVERDIST-NET-GAINS-PRIOR>	(3,250,498)
<GROSS-ADVISORY-FEES>	359,896
<INTEREST-EXPENSE>	0 
<GROSS-EXPENSE>	707,013
<AVERAGE-NET-ASSETS>	97,047,795
<PER-SHARE-NAV-BEGIN>	8.95
<PER-SHARE-NII>	.24
<PER-SHARE-GAIN-APPREC>	.16
<PER-SHARE-DIVIDEND>	0
<PER-SHARE-DISTRIBUTIONS>	(.24)
<RETURNS-OF-CAPITAL>	0
<PER-SHARE-NAV-END>	9.11
<EXPENSE-RATIO>	.53
<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>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM 
Putnam Minnesota Tax Exempt Income Fund II Class B AND IS QUALIFIED IN ITS 
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         SEMI
<FISCAL-YEAR-END>	May-31-95
<PERIOD-END>	Nov-30-95
<INVESTMENTS-AT-COST>                                                             120,146,192 
<INVESTMENTS-AT-VALUE>	127,676,640
<RECEIVABLES>	2,442,083
<ASSETS-OTHER>	1,884,034
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	132,003,757
<PAYABLE-FOR-SECURITIES>	5,514,957
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	608,319
<TOTAL-LIABILITIES>	6,123,276
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	121,469,040
<SHARES-COMMON-STOCK>	2,871,993
<SHARES-COMMON-PRIOR>	2,208,418
<ACCUMULATED-NII-CURRENT>	0
<OVERDISTRIBUTION-NII>                                                                     (21,755)
<ACCUMULATED-NET-GAINS>                                                                        0 
<OVERDISTRIBUTION-GAINS>	(3,096,532)
<ACCUM-APPREC-OR-DEPREC>	7,529,728
<NET-ASSETS>	125,880,481
<DIVIDEND-INCOME>	0
<INTEREST-INCOME>	3,791,022
<OTHER-INCOME>	0
<EXPENSES-NET>	613,015
<NET-INVESTMENT-INCOME>	3,178,007
<REALIZED-GAINS-CURRENT>	153,966
<APPREC-INCREASE-CURRENT>	2,099,163
<NET-CHANGE-FROM-OPS>	5,431,136
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	      (2,636,686)
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	753,581
<NUMBER-OF-SHARES-REDEEMED>	  (128,683)
<SHARES-REINVESTED>	36,677
<NET-CHANGE-IN-ASSETS>	7,763,107
<ACCUMULATED-NII-PRIOR>	0
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	(17,447)
<OVERDIST-NET-GAINS-PRIOR>	(3,250,498)
<GROSS-ADVISORY-FEES>	359,896
<INTEREST-EXPENSE>	0 
<GROSS-EXPENSE>	707,013
<AVERAGE-NET-ASSETS>	22,548,738
<PER-SHARE-NAV-BEGIN>	8.92
<PER-SHARE-NII>	.21
<PER-SHARE-GAIN-APPREC>	.16
<PER-SHARE-DIVIDEND>	0
<PER-SHARE-DISTRIBUTIONS>	(.21)
<RETURNS-OF-CAPITAL>	0
<PER-SHARE-NAV-END>	9.08
<EXPENSE-RATIO>	.86
<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>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM 
Putnam Minnesota Tax Exempt Income Fund II Class M AND IS QUALIFIED 
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         SEMI
<FISCAL-YEAR-END>	MAY-31-95
<PERIOD-END>	NOV-30-95
<INVESTMENTS-AT-COST>                                                             120,146,192   
<INVESTMENTS-AT-VALUE>	127,676,640
<RECEIVABLES>	2,442,083
<ASSETS-OTHER>	1,884,034
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	132,003,757
<PAYABLE-FOR-SECURITIES>	5,514,957
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	608,319
<TOTAL-LIABILITIES>	6,123,276
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	121,469,040
<SHARES-COMMON-STOCK>	54,171
<SHARES-COMMON-PRIOR>	115
<ACCUMULATED-NII-CURRENT>	0
<OVERDISTRIBUTION-NII>                                                                    (21,755)
<ACCUMULATED-NET-GAINS>                                                                        0 
<OVERDISTRIBUTION-GAINS>	(3,096,532)
<ACCUM-APPREC-OR-DEPREC>	7,529,728
<NET-ASSETS>	125,880,481
<DIVIDEND-INCOME>	0
<INTEREST-INCOME>	3,791,022
<OTHER-INCOME>	0
<EXPENSES-NET>	613,015
<NET-INVESTMENT-INCOME>	3,178,007
<REALIZED-GAINS-CURRENT>	153,966
<APPREC-INCREASE-CURRENT>	2,099,163
<NET-CHANGE-FROM-OPS>	5,431,136
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	      (2,636,686)
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	53,777
<NUMBER-OF-SHARES-REDEEMED>	  (111)
<SHARES-REINVESTED>	390
<NET-CHANGE-IN-ASSETS>	7,763,107
<ACCUMULATED-NII-PRIOR>	0
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	(17,447)
<OVERDIST-NET-GAINS-PRIOR>	(3,250,498)
<GROSS-ADVISORY-FEES>	359,896
<INTEREST-EXPENSE>	0 
<GROSS-EXPENSE>	707,013
<AVERAGE-NET-ASSETS>	184,417
<PER-SHARE-NAV-BEGIN>	8.95
<PER-SHARE-NII>	.21
<PER-SHARE-GAIN-APPREC>	.18
<PER-SHARE-DIVIDEND>	0
<PER-SHARE-DISTRIBUTIONS>	(.23)
<RETURNS-OF-CAPITAL>	0
<PER-SHARE-NAV-END>	9.11
<EXPENSE-RATIO>	.79
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0
        

</TABLE>


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