PUTNAM NEW YORK TAX EXEMPT MONEY MARKET FUND, AW, 1994-03-31

PUTNAM NEW YORK TAX EXEMPT MONEY MARKET FUND
AW, 1994-03-31

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                            PUTNAM INVESTMENTS


March 31, 1994


U.S. Securities and Exchange Commission
Attn:  Ruth Armfield Sanders, Staff Attorney
450 Fifth Street, N.W.
Washington, D.C.  20549

     Re:  Putnam New York Tax Exempt Money Market Fund
          CIK No. 0000821546 Request for Withdrawal of
          Post-Effective Amendment No. 7 to Form N-1A
          filed under EDGAR Submission Type 485B24E
          File No. 33-17344

Ladies and Gentlemen:

On March 31, 1994 Post-Effective Amendment No. 7 to Form N-1A
filed under EDGAR Submission Type 485B24E was inadvertently made
for the above mentioned Fund with the incorrect effective date. 
The Accession number for this erroneous filing is 0000719712-94-
000005.

We request withdrawal of this amendment pursuant to Rule 477(a)
under the Securities Act of 1933.

Sincerely,


     /s/ Gordon H. Silver
By:  ----------------------------------
     Gordon H. Silver
     Senior Managing Director
     Putnam Investments, Inc.