PUTNAM NEW YORK TAX EXEMPT OPPORTUNITIES FUND
NSAR-B, 1994-11-29
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001 A000000 PUTNAM NEW YORK TAX EXEMPT OPPORTUNITIES FUND
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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
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013 B010001 BOSTON
013 B020001 MA
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022 B000001 22-2347336
022 C000001     15835
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022 A000002 BEAR STEARNS & CO
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022 B000005 13-5659485
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022 B000006 22-3017217
022 C000006      3377
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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 York Tax Exempt Opportunities Class A AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         YEAR
<FISCAL-YEAR-END>                          SEPT-30-1994
<PERIOD-END>                               SEPT-30-1994
<INVESTMENTS-AT-COST>                       185,585,618
<INVESTMENTS-AT-VALUE>                      180,611,969
<RECEIVABLES>                                 4,610,051
<ASSETS-OTHER>                                  252,190
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                              185,474,210
<PAYABLE-FOR-SECURITIES>                              0
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                             0
<TOTAL-LIABILITIES>                           1,111,559
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                    191,050,194
<SHARES-COMMON-STOCK>                        20,713,248
<SHARES-COMMON-PRIOR>                                 0
<ACCUMULATED-NII-CURRENT>                      (66,768)
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                     (1,647,126)
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                    (4,973,649)
<NET-ASSETS>                                184,362,651
<DIVIDEND-INCOME>                                     0
<INTEREST-INCOME>                            12,845,291
<OTHER-INCOME>                                        0
<EXPENSES-NET>                                1,761,811
<NET-INVESTMENT-INCOME>                      11,083,480
<REALIZED-GAINS-CURRENT>                    (1,647,127)
<APPREC-INCREASE-CURRENT>                  (10,999,505)
<NET-CHANGE-FROM-OPS>                       (1,563,152)
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                  (10,901,830)
<DISTRIBUTIONS-OF-GAINS>                      (296,029)
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                       4,955,088
<NUMBER-OF-SHARES-REDEEMED>                 (3,566,478)
<SHARES-REINVESTED>                             620,886
<NET-CHANGE-IN-ASSETS>                       13,829,474
<ACCUMULATED-NII-PRIOR>                               0
<ACCUMULATED-GAINS-PRIOR>                             0
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                            0
<GROSS-ADVISORY-FEES>                         1,161,243
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                               1,761,811
<AVERAGE-NET-ASSETS>                        176,322,054
<PER-SHARE-NAV-BEGIN>                             $9.12
<PER-SHARE-NII>                                     .55
<PER-SHARE-GAIN-APPREC>                           (.63)
<PER-SHARE-DIVIDEND>                              (.54)
<PER-SHARE-DISTRIBUTIONS>                         (.56)
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                                8.48
<EXPENSE-RATIO>                                    .98%
<AVG-DEBT-OUTSTANDING>                                 
<AVG-DEBT-PER-SHARE>                                   
        

</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 York Tax Exempt Opportunities Class B AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         YEAR
<FISCAL-YEAR-END>                          SEPT-30-1994
<PERIOD-END>                               SEPT-30-1994
<INVESTMENTS-AT-COST>                       185,585,618
<INVESTMENTS-AT-VALUE>                      180,611,969
<RECEIVABLES>                                 4,610,051
<ASSETS-OTHER>                                  252,190
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                              185,474,210
<PAYABLE-FOR-SECURITIES>                              0
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                             0
<TOTAL-LIABILITIES>                           1,111,559
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                    191,050,194
<SHARES-COMMON-STOCK>                         1,016,682
<SHARES-COMMON-PRIOR>                                 0
<ACCUMULATED-NII-CURRENT>                      (66,768)
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                     (1,647,126)
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                    (4,973,649)
<NET-ASSETS>                                184,362,651
<DIVIDEND-INCOME>                                     0
<INTEREST-INCOME>                            12,845,291
<OTHER-INCOME>                                        0
<EXPENSES-NET>                                1,761,811
<NET-INVESTMENT-INCOME>                      11,083,480
<REALIZED-GAINS-CURRENT>                    (1,647,127)
<APPREC-INCREASE-CURRENT>                  (10,999,505)
<NET-CHANGE-FROM-OPS>                       (1,563,152)
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                     (133,868)
<DISTRIBUTIONS-OF-GAINS>                              0
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                       1,036,184
<NUMBER-OF-SHARES-REDEEMED>                    (26,811)
<SHARES-REINVESTED>                               7,309
<NET-CHANGE-IN-ASSETS>                       13,829,474
<ACCUMULATED-NII-PRIOR>                               0
<ACCUMULATED-GAINS-PRIOR>                             0
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                            0
<GROSS-ADVISORY-FEES>                         1,161,243
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                               1,761,811
<AVERAGE-NET-ASSETS>                          3,634,349
<PER-SHARE-NAV-BEGIN>                             $9.07
<PER-SHARE-NII>                                     .31
<PER-SHARE-GAIN-APPREC>                           (.58)
<PER-SHARE-DIVIDEND>                              (.32)
<PER-SHARE-DISTRIBUTIONS>                         (.32)
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                                8.48
<EXPENSE-RATIO>                                   1.05%
<AVG-DEBT-OUTSTANDING>                                 
<AVG-DEBT-PER-SHARE>                                   
        

</TABLE>


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