PUTNAM TAX EXEMPT MONEY MARKET FUND
DEFA14A, 1994-04-28
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PUTNAM CALIFORNIA TAX EXEMPT MONEY MARKET FUND


                                                   Priority Express Message

(Shareholder name and address)

              PUTNAM CALIFORNIA TAX EXEMPT MONEY MARKET FUND
                               Fund ID No. 
              PIN No. #### (will be a 4 digit numeric number)
                             Number of shares

Dear Shareholder:

On behalf of your Fund, Tritech Services as solicitation agent
has previously forwarded to you proxy material relating to the
Meeting of Shareholders of your Fund scheduled to be held on June
2, 1994.  The meeting is growing close and we have not as yet
received your executed proxy so that your shares can be voted at
the meeting.

We need your assistance and that of your fellow shareholders to
help us reduce additional solicitation expenses by providing us
with your voting instructions as soon as possible.  If we do not
receive the votes required, your Fund may have to adjourn the
meeting and incur the expense of additional follow-up mailings.

To ensure your vote will be received in time for the meeting, we
have arranged to have your vote recorded by telephone.  The
voting procedure is simple and described below; it is designed to
authenticate your identity and to confirm that your votes have
been taken in accordance with your instructions.  If these
procedures were subject to successful legal challenges, such
votes would not be counted at the meeting.  The Fund has not
sought to obtain an opinion of counsel on this matter and we are
unaware of any such challenge at this time.  To ensure your vote
is recorded correctly, when your voting instructions are received
the operator will ask for your telephone number in order to call
you back and confirm your vote.  You will also receive in the
mail a confirmation of your vote for your files.  A special toll-
free number will be available in case the information contained
in the confirmation is incorrect.  If you decide after you have
voted that you will attend the meeting in person, you can revoke
your proxy at that time and vote your shares at the meeting.  If
you do not have a copy of your proxy statement, you can call us
at (XXX) XXX-XXXX and a copy will be promptly forwarded to you.

Please take a few minutes to vote your shares today.

<PAGE>
TELEPHONE VOTING PROCEDURES

1.   Call toll-free at any time, day or night, until 5:00 P.M.
     Eastern Daylight Time, April 29, 1994, to 1-800-XXX-XXXX.

2.   Tell the operator that you wish to vote your Putnam proxy.

3.   The operator will ask you for your three digit Fund ID No.
     which is shown above.

4.   Give the operator your four digit PIN No., name, address,
     Social Security No., and the number of shares exactly as
     they appear above.  The operator will read the text of the
     proxy card set forth below and you should tell the operator
     how you wish to vote and that you want to send the entire
     message.

5.   The operator will ask for a phone number where you can be
     reached in order to call you back to confirm your voting
     instructions.

(Text of proxy card)

We appreciate your cooperation and thank you for your support.

                         Sincerely,

                         Tritech Services
                         Solicitation Agent
<PAGE>
                     VOTE BY PHONE CONFIRMATION LETTER
                                 (WRITTEN)

                          PROXY VOTE CONFIRMATION

(SHAREHOLDER NAME & ADDRESS)

PUTNAM CALIFORNIA TAX EXEMPT MONEY MARKET FUND 
Meeting of Shareholders June 2, 1994
Account:
Shares:
          Vote Received: 1.   Approve an Agreement and Plan of
                              Reorganization providing for the
                              transfer of all of the assets of
                              the Fund to Putnam Tax Exempt Money
                              Market Fund (the "Money Market
                              Fund") in exchange for shares of
                              the Money Market Fund and the
                              assumption by the Money Market Fund
                              of all of the liabilities of the
                              Fund, and the distribution of such
                              shares to the shareholders of the
                              Fund in liquidation of the Fund
                              (FOR) (AGAINST) (ABSTAIN)

Vote confirmed to telephone number:  XXX-XXX-XXXX
 

Dear Shareholder:

In connection with the above referenced Meeting of Shareholders,
this notice will confirm that your shares have been voted as
indicated above in accordance with your telephone instructions. 
Your vote was previously confirmed by phone to the telephone
number listed above.  If any of the information is incorrect,
please call 1-800-XXX-XXXX (1-800-XXX-XXXX) immediately, and in
any event no later than 5:00 P.M. Eastern Daylight Time, on May
4, 1994.

Thank you for your cooperation.

Very truly yours,

Tritech Services
Solicitation Agent


<PAGE>



PUTNAM NEW YORK TAX EXEMPT MONEY MARKET FUND


                                                   Priority Express Message

(Shareholder name and address)

               PUTNAM NEW YORK TAX EXEMPT MONEY MARKET FUND
                               Fund ID No. 
              PIN No. #### (will be a 4 digit numeric number)
                             Number of shares

Dear Shareholder:

On behalf of your Fund, Tritech Services as solicitation agent
has previously forwarded to you proxy material relating to the
Meeting of Shareholders of your Fund scheduled to be held on June
2, 1994.  The meeting is growing close and we have not as yet
received your executed proxy so that your shares can be voted at
the meeting.

We need your assistance and that of your fellow shareholders to
help us reduce additional solicitation expenses by providing us
with your voting instructions as soon as possible.  If we do not
receive the votes required, your Fund may have to adjourn the
meeting and incur the expense of additional follow-up mailings.

To ensure your vote will be received in time for the meeting, we
have arranged to have your vote recorded by telephone.  The
voting procedure is simple and described below; it is designed to
authenticate your identity and to confirm that your votes have
been taken in accordance with your instructions.  If these
procedures were subject to successful legal challenges, such
votes would not be counted at the meeting.  The Fund has not
sought to obtain an opinion of counsel on this matter and we are
unaware of any such challenge at this time.  To ensure your vote
is recorded correctly, when your voting instructions are received
the operator will ask for your telephone number in order to call
you back and confirm your vote.  You will also receive in the
mail a confirmation of your vote for your files.  A special toll-
free number will be available in case the information contained
in the confirmation is incorrect.  If you decide after you have
voted that you will attend the meeting in person, you can revoke
your proxy at that time and vote your shares at the meeting.  If
you do not have a copy of your proxy statement, you can call us
at (XXX) XXX-XXXX and a copy will be promptly forwarded to you.

Please take a few minutes to vote your shares today.

<PAGE>
TELEPHONE VOTING PROCEDURES

1.   Call toll-free at any time, day or night, until 5:00 P.M.
     Eastern Daylight Time, April 29, 1994, to 1-800-XXX-XXXX.

2.   Tell the operator that you wish to vote your Putnam proxy.

3.   The operator will ask you for your three digit Fund ID No.
     which is shown above.

4.   Give the operator your four digit PIN No., name, address,
     Social Security No., and the number of shares exactly as
     they appear above.  The operator will read the text of the
     proxy card set forth below and you should tell the operator
     how you wish to vote and that you want to send the entire
     message.

5.   The operator will ask for a phone number where you can be
     reached in order to call you back to confirm your voting
     instructions.

(Text of proxy card)

We appreciate your cooperation and thank you for your support.

                         Sincerely,

                         Tritech Services
                         Solicitation Agent
<PAGE>
                     VOTE BY PHONE CONFIRMATION LETTER
                                 (WRITTEN)

                          PROXY VOTE CONFIRMATION

(SHAREHOLDER NAME & ADDRESS)

PUTNAM NEW YORK TAX EXEMPT MONEY MARKET FUND 
Meeting of Shareholders June 2, 1994
Account:
Shares:
          Vote Received: 1.   Approve an Agreement and Plan of
                              Reorganization providing for the
                              transfer of all of the assets of
                              the Fund to Putnam Tax Exempt Money
                              Market Fund (the "Money Market
                              Fund") in exchange for shares of
                              the Money Market Fund and the
                              assumption by the Money Market Fund
                              of all of the liabilities of the
                              Fund, and the distribution of such
                              shares to the shareholders of the
                              Fund in liquidation of the Fund
                              (FOR) (AGAINST) (ABSTAIN)

Vote confirmed to telephone number:  XXX-XXX-XXXX
 

Dear Shareholder:

In connection with the above referenced Meeting of Shareholders,
this notice will confirm that your shares have been voted as
indicated above in accordance with your telephone instructions. 
Your vote was previously confirmed by phone to the telephone
number listed above.  If any of the information is incorrect,
please call 1-800-XXX-XXXX (1-800-XXX-XXXX) immediately, and in
any event no later than 5:00 P.M. Eastern Daylight Time, on May
4, 1994.

Thank you for your cooperation.

Very truly yours,

Tritech Services
Solicitation Agent







A25gram





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