<PAGE> PAGE 1
000 A000000 10/31/96
000 C000000 0000892884
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 PUTNAM INVESTMENT GRADE MUNICIPAL TRUST II
001 B000000 811-7270
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
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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 801-7074
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 SERVICIES
012 B000001 84-401299
012 C010001 BOSTON
012 C020001 MA
012 C030001 02109
013 A000001 COOPERS & LYBRAND L.L.P.
013 B010001 BOSTON
013 B020001 MA
<PAGE> PAGE 2
013 B030001 02110
015 A000001 PUTNAM FIDUCIARY TRUST CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 98
019 C000000 PUTNAMFUND
020 A000001 CANTOR, FITZGERALD
020 B000001 951786286
020 C000001 7
020 A000002 MERRIL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000002 13-5674085
020 C000002 1
020 A000003 MORGAN (JP) SECURITES
020 B000003 133224016
020 C000003 1
020 C000004 0
020 C000005 0
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020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 10
022 A000001 MERRIL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000001 13-5674085
022 C000001 37463
022 D000001 59663
022 A000002 LEHMAN BROS.
022 B000002 132518466
022 C000002 17709
022 D000002 25756
022 A000003 PAINEWEBBER.
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022 C000003 11300
022 D000003 25287
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022 C000004 18661
022 D000004 12409
022 A000005 BEAR STEARNS
022 B000005 134946705
022 C000005 14497
022 D000005 14910
022 A000006 MORGAN STANLEY
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022 C000006 9915
<PAGE> PAGE 3
022 D000006 13752
022 A000007 WILLIAM SIMON
022 B000007 223017217
022 C000007 9687
022 D000007 12167
022 A000008 EVEREN SECURITIES
022 C000008 10744
022 D000008 0
022 A000009 PRUDENTIAL SECURITIESC.
022 B000009 222347336
022 C000009 6984
022 D000009 0
022 A000010 DILLON READ
022 B000010 131939216
022 C000010 3000
022 D000010 3000
023 C000000 153627
023 D000000 167802
024 000000 N
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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070 F010000 N
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070 I010000 N
070 I020000 N
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<PAGE> PAGE 7
071 A000000 105895
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<PAGE> PAGE 8
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<PAGE> PAGE 9
087 A030000 PMG
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SIGNATURE PAUL BUCUVALAS
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
Financial data schedule for Putnam Investment Grade Municipal Trust II
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> APR-30-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 240,512,474
<INVESTMENTS-AT-VALUE> 244,176,877
<RECEIVABLES> 5,647,164
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 406,503
<TOTAL-ASSETS> 250,230,544
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,665,837
<TOTAL-LIABILITIES> 1,665,837
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 186,297,698
<SHARES-COMMON-STOCK> 13,357,092
<SHARES-COMMON-PRIOR> 13,357,092
<ACCUMULATED-NII-CURRENT> 1,615,584
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 5,994,487
<ACCUM-APPREC-OR-DEPREC> 3,645,912
<NET-ASSETS> 248,564,707
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,187,457
<OTHER-INCOME> 7,004,578
<EXPENSES-NET> (1,298,329)
<NET-INVESTMENT-INCOME> 3,153,259
<REALIZED-GAINS-CURRENT> 8,859,508
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 6,411,095
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,411,095
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 1,117,832
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,330,581
<ACCUMULATED-NII-PRIOR> 2,139,933
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 4,696,158
<GROSS-ADVISORY-FEES> 879,390
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,206,083
<AVERAGE-NET-ASSETS> 183,727,366
<PER-SHARE-NAV-BEGIN> 13.79
<PER-SHARE-NII> .52
<PER-SHARE-GAIN-APPREC> .14
<PER-SHARE-DIVIDEND> (.48)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.89
<EXPENSE-RATIO> .66
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
