PUTNAM NEW JERSEY TAX EXEMPT INCOME FUND
497, 1995-04-12
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                 PUTNAM NEW JERSEY TAX EXEMPT INCOME FUND

                Prospectus Supplement dated April 10, 1995
                   to Prospectus dated November 1, 1994


Triet M. Nguyen, Senior Vice President of Putnam Investment
Management, Inc. ("Putnam Management") and Vice President of the
Fund, has had primary responsibility for the day-to-day
management of the Fund's portfolio since 1995.  Mr. Nguyen has
been employed by Putnam Management since 1985.


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