PUTNAM ARIZONA TAX EXEMPT INCOME FUND 
                  PUTNAM FLORIDA TAX EXEMPT INCOME FUND 
               PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND 
                 PUTNAM MICHIGAN TAX EXEMPT INCOME FUND  
                 PUTNAM MINNESOTA TAX EXEMPT INCOME FUND 
                 PUTNAM NEW JERSEY TAX EXEMPT INCOME FUND
                    PUTNAM OHIO TAX EXEMPT INCOME FUND 
                PUTNAM PENNSYLVANIA TAX EXEMPT INCOME FUND 

             Prospectus Supplement dated December 13, 1995 to
                     Prospectus dated October 1, 1995


1. The information in the table under the heading "Annual fund
operating expenses" on page 5 of the prospectus is supplemented
as follows: 

   The Michigan fund incurred 12b-1 fees of 0.20% of average net
   asset with respect to its class A shares in the most recent
   fiscal year.

2. The fourth sentence in the paragraph following the table on
page 5 of the prospectus is replaced with the following:

         For the Florida fund, actual management fees for class
         A and class B shares were 0.55%, actual "Other
         expenses" were 0.10% and 0.09%,    respectively, and
         actual total operating expenses were 0.83% and 1.42%,
         respectively.

3.  The table on page 10 of the prospectus is replaced with the
following:

   FINANCIAL HIGHLIGHTS
(For a share outstanding throughout the period)

                FOR THE PERIOD FOR THE
                   MAY 1, 1995  ELEVEN          JANUARY 4, 1993
                 (COMMENCEMENT  MONTHS    YEAR    (COMMENCEMENT
             OF OPERATIONS) TO   ENDED   ENDEDOF OPERATIONS) TO
                        MAY 31  MAY 31 JUNE 30          JUNE 30
                       1995(+)   1995*    1994             1993
                       Class M         Class B
NET ASSET VALUE,
BEGINNING OF PERIOD      $8.87   $8.76   $9.53            $9.17

INVESTMENT OPERATIONS
Net investment income      .04     .40     .44              .21
Net realized and
unrealized gain (loss)
on investments             .25     .36   (.66)              .36
TOTAL FROM INVESTMENT
OPERATIONS                 .29     .76   (.22)              .57
LESS DISTRIBUTIONS:
From net investment
income                   (.04)   (.39)   (.44)            (.21)
In excess of net
investment income           --   (.01)      --               --
From net realized gain
on investments              --      --   (.09)               --
In excess of net realized
gain on investments         --      --   (.02)               --
TOTAL DISTRIBUTIONS      (.04)   (.40)   (.55)            (.21)
NET ASSET VALUE,
END OF PERIOD            $9.12   $9.12   $8.76            $9.53
TOTAL INVESTMENT RETURN
AT NET ASSET
VALUE (%)(b)           3.28(c) 9.06(c)  (2.55)         12.84(c)
NET ASSETS, END OF
PERIOD (in thousands)       $1 $44,581 $36,930          $17,881
Ratio of expenses to
average net assets (%)  .10(c) 1.42(c)    1.51           .78(c)
Ratio of net investment
income to average
net assets (%)          .45(c) 4.62(c)    4.74          2.21(c)
Portfolio turnover (%)   61.46   61.46   64.83           106.69

FINANCIAL HIGHLIGHTS (continued)


                       For the
                        eleven
                        months
                         ended
                         May 31  Year ended June 30    August 24, 1990
                                                       (commencement
                                                       of operations) to
                                                        June 30
                         1995*    1994    1993     1992    1991
                                       Class A

                         $8.77   $9.53   $9.08    $8.65   $8.50

                           .46     .50  .56(a)   .60(a)  .52(a)
                           .35   (.65)     .53      .45     .15
                           .81   (.15)    1.09     1.05     .67
                         (.45)   (.50)   (.56)    (.60)   (.52)
                         (.01)      --      --       --      --
                            --   (.09)   (.08)    (.02)      --
                            --   (.02)      --       --      --
                         (.46)   (.61)   (.64)    (.62)   (.52)
                         $9.12   $8.77   $9.53    $9.08   $8.65
                       9.58(c)  (1.79)   12.44    12.57 9.46(c)
                      $271,309$276,245$278,039 $195,963$109,739
                        .83(c)     .91  .77(a)   .60(a)    .41(a)(c)
                       5.24(c)    5.38 5.94(a)  6.73(a)   5.94(a)(c)
                         61.46   64.83  106.69    72.7346.72(c)

*    The fiscal year end has changed from June 30 to May 31.
+    Per  share net investment income has been determined on the 
    basis of the weighted average number of shares outstanding
    during the period.
(a)  Reflects an absorption of expenses incurred by the fund
     and an expense limitation applicable during the  period.  As
    a result of this absorbtion and the limitations, expenses of
    the fund for the years ended June 30, 1992 and the period
    ended June 30, 1991, reflect a reduction  of  $0.02 and
    $0.04 per share, respectively.  For the year ended June 30,
    1993, expenses reflect a reduction of less than $0.01 per
    share.
(b)  Total investment return assumes dividend reinvestment  and 
    does not reflect the effect of sales charges.
(c)  Not annualized.

4.  The third paragraph under the heading "How the funds pursue
their objectives" on page 17 of the prospectus is replaced with
the following:

    Under current law, to the extent distributions by a fund are
    derived from interest on tax-exempt securities (as defined
    with respect to such fund), such distributions will
    generally be exempt from federal income tax and personal or
    gross income tax in the relevant state (other than any
    applicable federal or state alternative minimum tax or any
    state minimum corporate income tax).  Certain states may
    impose additional requirements on the composition of a
    fund's portfolio in order for distributions from that fund
    to be exempt from the foregoing state taxes. Florida does
    not impose an individual income tax but imposes certain
    additional requirements on the composition of the Florida
    fund for shares of that fund to be exempt from the Florida
    intangibles tax. See "How a fund makes distributions to its
    shareholders; tax information."

5.  The second sentence in the first paragraph under the heading
"Alternative minimum tax" on page 19 of the prospectus is
replaced with the following:

    An investment in a fund may subject corporate shareholders
    to the federal alternative minimum tax, because a portion of
    tax-exempt income is generally included in the alternative
    minimum taxable income of corporations.            

6.  The first paragraph under the heading "Tax-exempt
securities" on page 19 of the prospectus is replaced with the
following:

    The term "tax-exempt securities," when used with respect to
    a particular fund, includes obligations of a state and its
    political subdivisions and their agencies, instrumentalities
    or other governmental units, the interest on which, in the
    opinion of bond counsel, is exempt from federal income tax
    and (except for Florida, which has no personal income tax)
    personal or gross income tax of the relevant state.

7.  Effective December 1, 1995, any applicable contingent
deferred sales charge ("CDSC") will be waived on redemptions of
shares following the death or post-purchase disability of a
settlor of a living trust account.  Up to 12% of the value of
shares subject to a systematic withdrawal plan may also be
redeemed each year without a CDSC.  
    
8.  The first paragraph under the heading "Minnesota" on page 45
of the prospectus is replaced with the following:

    Minnesota.  In 1995 Minnesota enacted a statement of intent
    that interest on obligations of Minnesota and its political
    subdivisions and Indian tribes be included in net income of
    individuals, estates and trusts for Minnesota income tax
    purposes if it is judicially determined that Minnesota's
    exemption of such interest and taxation of interest on
    obligations of other statesand their political subdivisions
    and Indian tribes unlawfully discriminates against
    interstate commerce.  This provision applies to taxable
    years that begin during or after the calendar year in which
    any such determination becomes final.  Putnam Management is
    not aware of any decision in which a federal court has held
    that a state's exemption of interest on its own bonds or
    those of its political subdivisions or Indian tribes and
    taxation of interest on the bonds of other states or their
    political subdivisions or Indian tribes unlawfully
    discriminates against interstate commerce or otherwise
    contravenes the United States Constitution. However, there
    can be no assurance that interest on the Minnesota bonds
    held by the Minnesota fund would not become taxable under
    this Minnesota statutory provision.