PUTNAM NEW YORK TAX EXEMPT OPPORTUNITIES FUND
NSAR-A, 1995-05-30
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001 A000000 PUTNAM NEW YORK TAX EXEMPT OPPORTUNITIES FUND
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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>                                      SEMI
<FISCAL-YEAR-END>                           SEP-30-1995
<PERIOD-END>                                MAR-31-1995
<INVESTMENTS-AT-COST>                       186,205,690
<INVESTMENTS-AT-VALUE>                      189,105,431
<RECEIVABLES>                                 5,151,389
<ASSETS-OTHER>                                  757,629
<OTHER-ITEMS-ASSETS>                              9,044
<TOTAL-ASSETS>                              195,023,493
<PAYABLE-FOR-SECURITIES>                      8,317,245
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                       863,586
<TOTAL-LIABILITIES>                           9,180,831
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                    170,598,835
<SHARES-COMMON-STOCK>                        19,779,580
<SHARES-COMMON-PRIOR>                                  
<ACCUMULATED-NII-CURRENT>                        65,360
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                     (6,726,393)
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                      2,899,741
<NET-ASSETS>                                185,842,662
<DIVIDEND-INCOME>                                     0
<INTEREST-INCOME>                             6,543,284
<OTHER-INCOME>                                        0
<EXPENSES-NET>                                  852,907
<NET-INVESTMENT-INCOME>                       5,690,377
<REALIZED-GAINS-CURRENT>                    (5,079,267)
<APPREC-INCREASE-CURRENT>                     7,873,390
<NET-CHANGE-FROM-OPS>                         8,484,500
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                   (5,236,937)
<DISTRIBUTIONS-OF-GAINS>                              0
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                       2,173,245
<NUMBER-OF-SHARES-REDEEMED>                 (3,408,220)
<SHARES-REINVESTED>                             301,127
<NET-CHANGE-IN-ASSETS>                        1,480,011
<ACCUMULATED-NII-PRIOR>                                
<ACCUMULATED-GAINS-PRIOR>                              
<OVERDISTRIB-NII-PRIOR>                                
<OVERDIST-NET-GAINS-PRIOR>                             
<GROSS-ADVISORY-FEES>                           554,911
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                                 852,907
<AVERAGE-NET-ASSETS>                        168,100,573
<PER-SHARE-NAV-BEGIN>                              8.48
<PER-SHARE-NII>                                     .27
<PER-SHARE-GAIN-APPREC>                             .13
<PER-SHARE-DIVIDEND>                                  0
<PER-SHARE-DISTRIBUTIONS>                         (.26)
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                                8.62
<EXPENSE-RATIO>                                     .46
<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 York Tax Exempt Opportunities Class B AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
          
<S>                                                 <C>
<PERIOD-TYPE>                                      SEMI
<FISCAL-YEAR-END>                           SEP-30-1995
<PERIOD-END>                                MAR-31-1995
<INVESTMENTS-AT-COST>                       186,205,690
<INVESTMENTS-AT-VALUE>                      189,105,431
<RECEIVABLES>                                 5,151,384
<ASSETS-OTHER>                                  757,629
<OTHER-ITEMS-ASSETS>                              9,044
<TOTAL-ASSETS>                              195,023,493
<PAYABLE-FOR-SECURITIES>                      8,317,245
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                       863,586
<TOTAL-LIABILITIES>                           9,180,831
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                     15,202,922
<SHARES-COMMON-STOCK>                         1,764,043
<SHARES-COMMON-PRIOR>                                  
<ACCUMULATED-NII-CURRENT>                        65,360
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                     (6,726,393)
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                      2,899,741
<NET-ASSETS>                                185,842,662
<DIVIDEND-INCOME>                                     0
<INTEREST-INCOME>                             6,543,284
<OTHER-INCOME>                                        0
<EXPENSES-NET>                                  852,907
<NET-INVESTMENT-INCOME>                       5,690,377
<REALIZED-GAINS-CURRENT>                    (5,079,267)
<APPREC-INCREASE-CURRENT>                     7,873,390
<NET-CHANGE-FROM-OPS>                         8,484,500
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                     (321,245)
<DISTRIBUTIONS-OF-GAINS>                              0
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                         933,133
<NUMBER-OF-SHARES-REDEEMED>                   (206,228)
<SHARES-REINVESTED>                              20,456
<NET-CHANGE-IN-ASSETS>                        1,480,011
<ACCUMULATED-NII-PRIOR>                                
<ACCUMULATED-GAINS-PRIOR>                              
<OVERDISTRIB-NII-PRIOR>                                
<OVERDIST-NET-GAINS-PRIOR>                             
<GROSS-ADVISORY-FEES>                           554,911
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                                 852,907
<AVERAGE-NET-ASSETS>                         11,649,776
<PER-SHARE-NAV-BEGIN>                              8.48
<PER-SHARE-NII>                                     .28
<PER-SHARE-GAIN-APPREC>                             .09
<PER-SHARE-DIVIDEND>                                  0
<PER-SHARE-DISTRIBUTIONS>                         (.23)
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                                8.62
<EXPENSE-RATIO>                                     .75
<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 York Tax Exempt Opportunities Class M AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                                 <C>
<PERIOD-TYPE>                                      SEMI
<FISCAL-YEAR-END>                           SEP-30-1995
<PERIOD-END>                                MAR-31-1995
<INVESTMENTS-AT-COST>                       186,205,690
<INVESTMENTS-AT-VALUE>                      189,105,431
<RECEIVABLES>                                 5,151,384
<ASSETS-OTHER>                                  757,629
<OTHER-ITEMS-ASSETS>                              9,044
<TOTAL-ASSETS>                              195,023,493
<PAYABLE-FOR-SECURITIES>                      8,317,245
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                       863,586
<TOTAL-LIABILITIES>                           9,180,831
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                               
<SHARES-COMMON-STOCK>                             4,744
<SHARES-COMMON-PRIOR>                                  
<ACCUMULATED-NII-CURRENT>                        65,360
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                     (6,726,393)
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                      2,899,741
<NET-ASSETS>                                185,842,662
<DIVIDEND-INCOME>                                     0
<INTEREST-INCOME>                             6,543,284
<OTHER-INCOME>                                        0
<EXPENSES-NET>                                  852,907
<NET-INVESTMENT-INCOME>                       5,690,377
<REALIZED-GAINS-CURRENT>                    (5,079,267)
<APPREC-INCREASE-CURRENT>                     7,873,390
<NET-CHANGE-FROM-OPS>                         8,484,500
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                          (67)
<DISTRIBUTIONS-OF-GAINS>                              0
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                           4,739
<NUMBER-OF-SHARES-REDEEMED>                           0
<SHARES-REINVESTED>                                   5
<NET-CHANGE-IN-ASSETS>                        1,480,011
<ACCUMULATED-NII-PRIOR>                                
<ACCUMULATED-GAINS-PRIOR>                              
<OVERDISTRIB-NII-PRIOR>                                
<OVERDIST-NET-GAINS-PRIOR>                             
<GROSS-ADVISORY-FEES>                           554,911
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                                 852,907
<AVERAGE-NET-ASSETS>                             14,052
<PER-SHARE-NAV-BEGIN>                              8.51
<PER-SHARE-NII>                                     .07
<PER-SHARE-GAIN-APPREC>                             .11
<PER-SHARE-DIVIDEND>                                  0
<PER-SHARE-DISTRIBUTIONS>                         (.07)
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                                8.62
<EXPENSE-RATIO>                                     .12
<AVG-DEBT-OUTSTANDING>                                0
<AVG-DEBT-PER-SHARE>                                  0
        

</TABLE>


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