<PAGE> PAGE 1
000 A000000 12/31/94
000 C000000 0000857463
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 PUTNAM NEW JERSEY TAX EXEMPT INCOME FUND
001 B000000 811-5977
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
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
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
012 A000001 PUTNAM INVESTOR SERVICES
012 B000001 84-401299
012 C010001 BOSTON
012 C020001 MA
012 C030001 02109
018 000000 Y
019 A000000 Y
019 B000000 72
<PAGE> PAGE 2
019 C000000 PUTNAMFUND
020 A000001 RAND FINANCIAL SERVICES
020 B000001 36-3849442
020 C000001 5
020 A000002 SCOTT & SPRINGFELLOW
020 B000002 0000000000
020 C000002 4
020 A000003 SCOTT BALDWIN
020 B000003 31-9581870
020 C000003 3
020 A000004 BANK OF AMERICA
020 B000004 94-1687665
020 C000004 2
020 A000005 QUANTUM FINANCIAL SERVICES
020 C000005 1
020 A000006 DEAN WITTER REYNOLDS
020 B000006 94-1671384
020 C000006 1
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 16
022 A000001 SHEARSON LEHMAN BROTHERS,INC.
022 B000001 13-2518466
022 C000001 2451659
022 D000001 0
022 A000002 KIDDER PEABODY & CO., INC.
022 B000002 13-5650440
022 C000002 1219893
022 D000002 713
022 A000003 B.T. SECURITIES CORP.
022 B000003 13-3311934
022 C000003 1090833
022 D000003 0
022 A000004 MORGAN GUARANTY TRUST CO. OF NEW YORK
022 B000004 13-5123346
022 C000004 566961
022 D000004 239
022 A000005 GOLDMAN SACHS & CO.
022 B000005 13-5108880
022 C000005 287577
022 D000005 3029
022 A000006 PRUDENTIAL SECURITIES INC.
022 B000006 13-2655998
022 C000006 238664
022 D000006 0
022 A000007 SMITH BARNEY HARRIS UPHAM & CO.
022 B000007 13-1912900
022 C000007 150801
022 D000007 0
<PAGE> PAGE 3
022 A000008 NOMURA SECURITIES INTERNATIONAL INC.
022 B000008 13-2642206
022 C000008 132056
022 D000008 0
022 A000009 BANKERS TRUST CO.
022 B000009 13-4941102
022 C000009 95000
022 D000009 0
022 A000010 MERRILL LYNCH PIERCE FENNER & SMITH INC.
022 B000010 13-5674085
022 C000010 12636
022 D000010 1399
023 C000000 6246080
023 D000000 57855
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
028 A010000 4760
028 A020000 745
028 A030000 0
028 A040000 3821
028 B010000 6069
028 B020000 771
028 B030000 0
028 B040000 5137
028 C010000 4598
028 C020000 785
028 C030000 0
028 C040000 5195
028 D010000 3249
028 D020000 836
028 D030000 0
028 D040000 6048
028 E010000 3078
028 E020000 752
028 E030000 0
028 E040000 7304
028 F010000 4466
028 F020000 768
028 F030000 0
028 F040000 8411
028 G010000 26220
028 G020000 4657
028 G030000 0
028 G040000 35916
<PAGE> PAGE 4
028 H000000 26220
029 000000 Y
030 A000000 398
030 B000000 4.75
030 C000000 0.00
031 A000000 23
031 B000000 0
032 000000 375
033 000000 0
034 000000 Y
035 000000 94
036 A000000 N
036 B000000 0
037 000000 Y
038 000000 0
039 000000 N
040 000000 Y
042 A000000 0
042 B000000 0
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 441
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 500
048 A020000 0.600
048 B010000 1000000
048 B020000 0.500
048 C010000 1500000
048 C020000 0.450
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
<PAGE> PAGE 5
048 K010000 1500000
048 K020000 0.400
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
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 N
060 B000000 N
061 000000 500
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 99.9
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.1
063 A000000 0
063 B000000 24.9
<PAGE> PAGE 6
064 A000000 Y
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 51607
071 B000000 59720
071 C000000 283289
071 D000000 18
072 A000000 6
072 B000000 9925
072 C000000 0
072 D000000 0
<PAGE> PAGE 7
072 E000000 0
072 F000000 872
072 G000000 5
072 H000000 0
072 I000000 148
072 J000000 0
072 K000000 31
072 L000000 50
072 M000000 7
072 N000000 13
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 13
072 S000000 8
072 T000000 441
072 U000000 6
072 V000000 0
072 W000000 8
072 X000000 1602
072 Y000000 0
072 Z000000 8323
072AA000000 0
072BB000000 3496
072CC010000 0
072CC020000 10059
072DD010000 7100
072DD020000 1284
072EE000000 3951
073 A010000 0.2155
073 A020000 0.1921
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 0
074 D000000 272450
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 754
074 K000000 0
074 L000000 6265
074 M000000 6
074 N000000 279475
074 O000000 4543
074 P000000 482
074 Q000000 0
074 R010000 0
<PAGE> PAGE 8
074 R020000 0
074 R030000 0
074 R040000 1793
074 S000000 0
074 T000000 272657
074 U010000 26822
074 U020000 5845
074 V010000 8.35
074 V020000 8.34
074 W000000 0.0000
074 X000000 6852
074 Y000000 0
075 A000000 0
075 B000000 286641
076 000000 0.00
077 A000000 Y
077 Q010000 Y
078 000000 N
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 New Jersey Tax Exempt Income Class A AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> SEMI
<FISCAL-YEAR-END> JUN-30-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 286,949,303
<INVESTMENTS-AT-VALUE> 272,450,038
<RECEIVABLES> 7,019,311
<ASSETS-OTHER> 6,053
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 279,475,402
<PAYABLE-FOR-SECURITIES> 4,542,525
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,274,923
<TOTAL-LIABILITIES> 6,817,448
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 292,458,820
<SHARES-COMMON-STOCK> 26,822,200
<SHARES-COMMON-PRIOR> 28,154,702
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (82,860)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (5,149,991)
<ACCUM-APPREC-OR-DEPREC> (14,568,015)
<NET-ASSETS> 272,657,954
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 9,924,558
<OTHER-INCOME> 0
<EXPENSES-NET> 1,601,796
<NET-INVESTMENT-INCOME> 8,322,762
<REALIZED-GAINS-CURRENT> (3,262,545)
<APPREC-INCREASE-CURRENT> (10,059,299)
<NET-CHANGE-FROM-OPS> (5,232,271)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,099,776)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,946,636
<NUMBER-OF-SHARES-REDEEMED> (3,738,424)
<SHARES-REINVESTED> 459,287
<NET-CHANGE-IN-ASSETS> (18,594,758)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 21,796
<OVERDIST-NET-GAINS-PRIOR> 1,654,257
<GROSS-ADVISORY-FEES> 872,155
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,601,796
<AVERAGE-NET-ASSETS> 239,278,983
<PER-SHARE-NAV-BEGIN> 8.75
<PER-SHARE-NII> .23
<PER-SHARE-GAIN-APPREC> (.41)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.22)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.35
<EXPENSE-RATIO> .50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
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 New Jersey Tax Exempt Income Class B AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> SEMI
<FISCAL-YEAR-END> JUN-30-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 286,949,303
<INVESTMENTS-AT-VALUE> 272,450,038
<RECEIVABLES> 7,019,311
<ASSETS-OTHER> 6,053
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 279,475,402
<PAYABLE-FOR-SECURITIES> 4,542,525
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,274,923
<TOTAL-LIABILITIES> 6,817,448
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 292,458,820
<SHARES-COMMON-STOCK> 5,845,210
<SHARES-COMMON-PRIOR> 5,135,694
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (82,860)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (5,149,991)
<ACCUM-APPREC-OR-DEPREC> (14,568,015)
<NET-ASSETS> 272,657,954
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 9,924,558
<OTHER-INCOME> 0
<EXPENSES-NET> 1,601,796
<NET-INVESTMENT-INCOME> 8,322,762
<REALIZED-GAINS-CURRENT> (3,262,545)
<APPREC-INCREASE-CURRENT> (10,059,299)
<NET-CHANGE-FROM-OPS> (5,232,271)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,284,051)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,114,598
<NUMBER-OF-SHARES-REDEEMED> (492,519)
<SHARES-REINVESTED> 87,437
<NET-CHANGE-IN-ASSETS> (18,594,758)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 21,796
<OVERDIST-NET-GAINS-PRIOR> 1,654,257
<GROSS-ADVISORY-FEES> 872,155
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,601,796
<AVERAGE-NET-ASSETS> 47,362,050
<PER-SHARE-NAV-BEGIN> 8.75
<PER-SHARE-NII> .19
<PER-SHARE-GAIN-APPREC> (.41)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.19)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.34
<EXPENSE-RATIO> .84
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
