PUTNAM TAX EXEMPT MONEY MARKET FUND
NSAR-B/A, 1997-03-10
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<PAGE>      PAGE  1
000 B000000 09/30/96
000 C000000 0000806944
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 PUTNAM TAX EXEMPT MONEY MARKET FND
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
007 A000000 N
007 B000000  0
008 A000001 PUTNAM INVESTMENT MANAGEMENT, INC.
008 B000001 A
008 C000001 801-801-74
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, INC.
012 B000001 84-401299
012 C010001 BOSTON
012 C020001 MA
012 C030001 02109
013 A000001 COOPERS & LYBRAND
013 B010001 BOSTON
013 B020001 MA
013 B030001 02019
018  000000 Y
019 A000000 Y
019 B000000   98
019 C000000 PUTNAMFUND
021  000000        0
022 A000001 PAINEWEBBER INC.
022 B000001 13-2638166
022 C000001    150873
022 D000001    134250
<PAGE>      PAGE  2
022 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000002 13-5674085
022 C000002    127388
022 D000002    129700
022 A000003 LEHMAN BROTHERS
022 B000003 13-2518466
022 C000003     91009
022 D000003     24900
022 A000004 GOLDMAN SACHS & CCO.
022 B000004 13-5108880
022 C000004     57500
022 D000004         0
022 A000005 SMITH BARNEY SHEARSON
022 C000005     23000
022 D000005         0
022 A000006 NICOLAUS STIFEL & CO., INC.
022 C000006      2300
022 D000006         0
022 A000007 HOWARD WEIL LABOUISSE FREDERICKS, INC.
022 B000007 72-0696314
022 C000007         0
022 D000007      1130
023 C000000     452070
023 D000000     289980
024  000000 N
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 Y
026 G020000 Y
026 H000000 N
027  000000 Y
028 A010000     84967
028 A020000       198
028 A030000         0
028 A040000     81401
028 B010000     64505
028 B020000       195
028 B030000         0
028 B040000     65394
028 C010000     46813
028 C020000       181
028 C030000         0
028 C040000     63577
028 D010000     90914
028 D020000       207
028 D030000         0
028 D040000     82954
<PAGE>      PAGE  3
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028 E020000       203
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028 G010000    438750
028 G020000      1215
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028 H000000    438750
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030 B000000  0.00
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048 A020000 0.450
048 B010000   500000
048 B020000 0.350
048 C010000   500000
048 C020000 0.300
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048 D020000 0.000
<PAGE>      PAGE  4
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048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
048 K010000  1500000
048 K020000 0.250
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 Y
053 B000000 Y
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 N
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 N
055 B000000 N
056  000000 N
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 Y
060 B000000 Y
061  000000      500
062 A000000 Y
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062 C000000   0.0
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<PAGE>      PAGE  5
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070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
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070 N010000 N
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070 O020000 N
070 P010000 Y
<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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074 Y000000        0
075 A000000    83497
075 B000000        0
076  000000     0.00
077 A000000 N
080 A000000 FEDERAL INSURANCE COMPANY
080 B000000 NATIONAL UNION FIRE INSURANCE COMPANY
080 C000000    85000
081 A000000 Y
081 B000000  97
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083 A000000 N
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<PAGE>      PAGE  8
086 E020000      0
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SIGNATURE   PAUL BUCAVALAS                               
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Financial Data Schedule for Putnam Tax Exempt Money Market Fund
</LEGEND>
<SERIES>
   <NUMBER> 1
   <NAME> CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                       83,958,675
<INVESTMENTS-AT-VALUE>                      83,958,675
<RECEIVABLES>                               17,422,783
<ASSETS-OTHER>                                  14,324
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             101,395,782
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                            581,809
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   100,813,973
<SHARES-COMMON-STOCK>                      100,813,973
<SHARES-COMMON-PRIOR>                       73,066,188
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               100,813,973
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                               2,981,924
<EXPENSES-NET>                                 592,413
<NET-INVESTMENT-INCOME>                      2,389,511
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        2,389,511
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (2,389,511)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    785,297,019
<NUMBER-OF-SHARES-REDEEMED>              (759,845,943)
<SHARES-REINVESTED>                          2,296,709
<NET-CHANGE-IN-ASSETS>                      27,747,785
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          375,635
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                752,812
<AVERAGE-NET-ASSETS>                        83,496,926
<PER-SHARE-NAV-BEGIN>                             .030
<PER-SHARE-NII>                                   .030
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (.030)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                  0
<EXPENSE-RATIO>                                    .90
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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