PUTNAM ARIZONA TAX EXEMPT INCOME FUND
NSAR-B, 1997-07-30
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SIGNATURE   PAUL BUCUVALAS                               
TITLE       VICE PRESIDENT      
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Putnam Arizona Tax Exempt Income Fund
</LEGEND>
<SERIES>
   <NUMBER> 3
   <NAME> CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1997
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                      144,499,321
<INVESTMENTS-AT-VALUE>                     148,922,667
<RECEIVABLES>                                3,511,587
<ASSETS-OTHER>                                       0
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<TOTAL-ASSETS>                             152,434,254
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<SHARES-COMMON-STOCK>                       13,590,218
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<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
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<DIVIDEND-INCOME>                                    0
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<OTHER-INCOME>                                       0
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (6,368,622)
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Putnam Arizona Tax Exempt Income Fund
</LEGEND>
<SERIES>
   <NUMBER> 3
   <NAME> CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1997
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                      144,499,321
<INVESTMENTS-AT-VALUE>                     148,922,667
<RECEIVABLES>                                3,511,587
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             152,434,254
<PAYABLE-FOR-SECURITIES>                             0
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<TOTAL-LIABILITIES>                            848,386
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   150,252,019
<SHARES-COMMON-STOCK>                        3,142,442
<SHARES-COMMON-PRIOR>                        2,725,682
<ACCUMULATED-NII-CURRENT>                       98,014
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                   (2,861,643)
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<NET-ASSETS>                               151,585,868
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            9,071,401
<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                      7,518,550
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<APPREC-INCREASE-CURRENT>                    3,350,238
<NET-CHANGE-FROM-OPS>                       10,889,895
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,175,109)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
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<NUMBER-OF-SHARES-REDEEMED>                  (413,367)
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Putnam Arizona Tax Exempt Income Fund
</LEGEND>
<SERIES>
   <NUMBER> 3
   <NAME> CLASS M
       
<S>                             <C>
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<PERIOD-END>                               MAY-31-1997
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<INVESTMENTS-AT-VALUE>                     148,922,667
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</TABLE>


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