<PAGE> PAGE 1
000 B000000 09/30/94
000 C000000 0000806944
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000 F000000 Y
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000 H000000 N
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000 J000000 U
001 A000000 PUTNAM TAX EXEMPT MONEY MARKET FUND
001 B000000 811-5215
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
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007 C010100 1
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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
015 A000001 PUTNAM FIDUCIARY TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E010001 X
018 000000 Y
019 A000000 Y
<PAGE> PAGE 2
019 B000000 80
019 C000000 PUTNAMFUND
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020 C000004 0
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020 C000007 0
020 C000008 0
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021 000000 0
022 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000001 13-5674085
022 C000001 173112
022 D000001 102900
022 A000002 PAINE WEBBER, INC.
022 B000002 13-2638166
022 C000002 67971
022 D000002 64895
022 A000003 LEHMAN BROTHERS
022 B000003 13-2518466
022 C000003 66503
022 D000003 29600
022 A000004 DILLON READ & CO.
022 B000004 13-1939216
022 C000004 37307
022 D000004 27800
022 A000005 SMITH BARNEY SHEARSON
022 B000005 13-1912900
022 C000005 28200
022 D000005 26700
022 A000006 GOLDMAN SACHS & CO.
022 B000006 13-5108880
022 C000006 12000
022 D000006 8000
022 A000007 PNC SECURITIES CORP
022 C000007 9820
022 D000007 8820
022 A000008 SUTRO & COMPANY
022 B000008 94-1704902
022 C000008 7022
022 D000008 6000
022 A000009 NICHOLAS STIFEL & CO.
022 C000009 11600
022 D000009 0
022 A000010 BT SECURITIES CORP.
022 B000010 13-3311934
022 C000010 7300
022 D000010 2810
<PAGE> PAGE 3
023 C000000 581584
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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070 E010000 N
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070 F010000 N
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<PAGE> PAGE 6
070 I020000 N
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<PAGE> PAGE 7
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080 C000000 65
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<PAGE> PAGE 8
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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 Tax Exempt
Money Market AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEPT-30-1994
<PERIOD-END> Sept-30-1994
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 98,082,288
<RECEIVABLES> 606,583
<ASSETS-OTHER> 19,810
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 98,708,681
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 311,354
<TOTAL-LIABILITIES> 311,354
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 98,397,327
<SHARES-COMMON-STOCK> 98,397,327
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 98,397,327
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,373,535
<OTHER-INCOME> 0
<EXPENSES-NET> 632,162
<NET-INVESTMENT-INCOME> 1,741,373
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,741,373
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,741,373)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 608,686,024
<NUMBER-OF-SHARES-REDEEMED> (592,945,789)
<SHARES-REINVESTED> 1,581,308
<NET-CHANGE-IN-ASSETS> 17,321,543
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 398,614
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 632,162
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> .0
<PER-SHARE-NII> .0191
<PER-SHARE-GAIN-APPREC> .0
<PER-SHARE-DIVIDEND> .0
<PER-SHARE-DISTRIBUTIONS> (0.191)
<RETURNS-OF-CAPITAL> .0
<PER-SHARE-NAV-END> .0
<EXPENSE-RATIO> .71%
<AVG-DEBT-OUTSTANDING>
<AVG-DEBT-PER-SHARE>
</TABLE>
