PUTNAM MINNESOTA TAX EXEMPT INCOME FUND II
NSAR-A/A, 1997-03-10
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<PAGE>      PAGE  1
000 A000000 11/30/96
000 C000000 0000794612
000 D000000 N
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000 G000000 Y
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001 A000000 PUTNAM MINNESOTA TAX EXEMPT INCOME FUND
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001 C000000 6172921000
002 A000000 ONE POST OFFICE SQUARE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
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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
013 A000001 PRICE WATERHOUSE LLP
013 B010001 BOSTON
013 B020001 MA
<PAGE>      PAGE  2
013 B030001 02109
015 A000001 PUTNAM FIDUCIARY TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
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020 A000001 PAINWEBBER INC.
020 B000001 13-2638166
020 C000001      5
020 A000002 SMITH,BARNEY, HARRIS, UPHAM & CO.
020 B000002 13-1912900
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020 C000003      1
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020 B000004 94-1687665
020 C000004      1
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022 C000002      8914
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022 A000003 EVEREN SECURITIES
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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>
FINANCIAL DATA SCHEDULE FOR FUND PUTNAM MINNESOTA TAX EXEMPT INCOME FUND
</LEGEND>
<SERIES>
   <NUMBER> 3
   <NAME> CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          MAY-31-1996
<PERIOD-END>                               NOV-30-1996
<INVESTMENTS-AT-COST>                      125,323,216
<INVESTMENTS-AT-VALUE>                     131,891,762
<RECEIVABLES>                                2,453,360
<ASSETS-OTHER>                                 204,136
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             134,549,258
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      693,330
<TOTAL-LIABILITIES>                            693,330
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   129,947,367
<SHARES-COMMON-STOCK>                       10,925,905
<SHARES-COMMON-PRIOR>                       10,968,128
<ACCUMULATED-NII-CURRENT>                       66,690
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                   (2,710,737)
<ACCUM-APPREC-OR-DEPREC>                     6,552,608
<NET-ASSETS>                               133,855,928
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            4,159,098
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 752,976
<NET-INVESTMENT-INCOME>                      3,406,122
<REALIZED-GAINS-CURRENT>                     (174,623)
<APPREC-INCREASE-CURRENT>                    4,672,310
<NET-CHANGE-FROM-OPS>                        7,903,809
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (2,607,772)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        572,079
<NUMBER-OF-SHARES-REDEEMED>                  (813,205)
<SHARES-REINVESTED>                            198,903
<NET-CHANGE-IN-ASSETS>                       6,683,718
<ACCUMULATED-NII-PRIOR>                         31,118
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                 (2,536,114)
<GROSS-ADVISORY-FEES>                          390,619
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                797,606
<AVERAGE-NET-ASSETS>                        97,566,151
<PER-SHARE-NAV-BEGIN>                             8.76
<PER-SHARE-NII>                                    .24
<PER-SHARE-GAIN-APPREC>                            .31
<PER-SHARE-DIVIDEND>                             (.24)
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<PER-SHARE-NAV-END>                               9.07
<EXPENSE-RATIO>                                    .53
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
FINANCIAL DATA SCHEDULE FOR FUND PUTNAM MINNESOTA TAX EXEMPT INCOME FUND
</LEGEND>
<SERIES>
   <NUMBER> 3
   <NAME> CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          MAY-31-1996
<PERIOD-END>                               NOV-30-1996
<INVESTMENTS-AT-COST>                      125,323,216
<INVESTMENTS-AT-VALUE>                     131,891,762
<RECEIVABLES>                                2,453,360
<ASSETS-OTHER>                                 204,136
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             134,549,258
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      693,330
<TOTAL-LIABILITIES>                            693,330
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   129,947,367
<SHARES-COMMON-STOCK>                        3,734,275
<SHARES-COMMON-PRIOR>                        3,451,771
<ACCUMULATED-NII-CURRENT>                       66,690
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                   (2,710,737)
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<DIVIDEND-INCOME>                                    0
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<EXPENSES-NET>                                 752,976
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<REALIZED-GAINS-CURRENT>                     (174,623)
<APPREC-INCREASE-CURRENT>                    4,672,310
<NET-CHANGE-FROM-OPS>                        7,903,809
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (739,077)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        418,198
<NUMBER-OF-SHARES-REDEEMED>                  (190,329)
<SHARES-REINVESTED>                             54,635
<NET-CHANGE-IN-ASSETS>                       6,683,718
<ACCUMULATED-NII-PRIOR>                         31,118
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                 (2,536,114)
<GROSS-ADVISORY-FEES>                          390,619
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                797,606
<AVERAGE-NET-ASSETS>                        31,520,363
<PER-SHARE-NAV-BEGIN>                             8.73
<PER-SHARE-NII>                                    .21
<PER-SHARE-GAIN-APPREC>                            .31
<PER-SHARE-DIVIDEND>                             (.21)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.04
<EXPENSE-RATIO>                                    .86
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
FINANCIAL DATA SCHEDULE FOR FUND PUTNAM MINNESOTA TAX EXEMPT INCOME FUND
</LEGEND>
<SERIES>
   <NUMBER> 3
   <NAME> CLASS M
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          MAY-31-1996
<PERIOD-END>                               NOV-30-1996
<INVESTMENTS-AT-COST>                      125,323,216
<INVESTMENTS-AT-VALUE>                     131,891,762
<RECEIVABLES>                                2,453,360
<ASSETS-OTHER>                                 204,136
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             134,549,258
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      693,330
<TOTAL-LIABILITIES>                            693,330
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   129,947,367
<SHARES-COMMON-STOCK>                          105,635
<SHARES-COMMON-PRIOR>                          104,207
<ACCUMULATED-NII-CURRENT>                       66,690
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                   (2,710,737)
<ACCUM-APPREC-OR-DEPREC>                     6,552,608
<NET-ASSETS>                               133,855,928
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            4,159,098
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<EXPENSES-NET>                                 752,976
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<APPREC-INCREASE-CURRENT>                    4,672,310
<NET-CHANGE-FROM-OPS>                        7,903,809
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (23,701)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          4,232
<NUMBER-OF-SHARES-REDEEMED>                    (5,483)
<SHARES-REINVESTED>                              2,679
<NET-CHANGE-IN-ASSETS>                       6,683,718
<ACCUMULATED-NII-PRIOR>                         31,118
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</TABLE>


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