SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13D
Under the Securities Exchange Act of 1934

Putnam New York Investment Grade Municipal Trust.
(PMN)
(Name of Issuer)

Common Stock
(Title of Class of Securities)

746921105
(CUSIP Number)

George W. Karpus, President
Karpus Management, Inc. d/b/a
Karpus Investment Management
183 Sullys Trail
Pittsford, New York 14534
(585) 586-4680

(Name, Address, and Telephone Number of Person Authorized to Receive Notices
and Communications)

June 9, 2004
(Date of Event which requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is subject of this Schedule 13D, and if filing
this schedule because of Rule 13d-1(b) (3) or (4), check the following box. [ ]

(Page 1 of 4 pages)




ITEM 1	Security and Issuer
		Common Stock
		Putnam NY Investment Grade Municipal Trust
		Putnam Investment Management
		One Post Office Square
		Boston, MA   02109
ITEM 2	Identity and Background
		a) Karpus Management, Inc., d/b/a Karpus Investment Management
		(?KIM?)
		George W. Karpus, President, Director, and controlling stockholder
		JoAnn Van Degriff, Vice President and Director
		Sophie Karpus, Director
		b) 183 Sullys Trail
		Pittsford, New York 14534
		c) Principal business and occupation - Investment Management for
		individuals, pension, and profit sharing plans, corporations,
		endowments, trust, and others, specializing in conservative asset
		management (i.e. fixed income investments).
		d) None of George W. Karpus, Jo Ann Van Degriff or Sophie Karpus
		(?the Principals?) or KIM has been convicted in the past 5 years
		of any criminal proceeding (excluding traffic violations).
		e) During the last 5 years none of the Principals or KIM has been a
		party to a civil proceeding as a result of which any of them is subject
		to a judgment, decree, or final order enjoining future violations of or
		prohibiting or mandating activities subject to, federal or state securities
		laws or finding any violation with respect to such laws.
		f) Each of the Principals is a United States citizen.
		KIM is a New York corporation.
ITEM 3	Source and Amount of Funds or Other Considerations
		KIM, an independent investment advisor, has accumulated 144,740
		shares of PMN on behalf of accounts that are managed by KIM (?the
		Accounts?) under limited powers of attorney, which represents 5.08%
		of the outstanding shares.   All funds that have been utilized in making
		such purchases are from such Accounts.
ITEM 4	Purpose of Transaction
		KIM has purchased Shares for investment purposes.  Being primarily a
		conservative, fixed income manager, with a specialty focus in the
		closed end fund sector, the profile of PMN fit the investment guidelines
		for various Accounts.  Shares have been acquired since February 12, 2002.
ITEM 5	Interest in Securities of the Issuer
a) As of the date of this Report, KIM owns 144,740 shares, which
represent 5.08% of the outstanding shares.  George W. Karpus presently
owns 10,000 shares purchased on August 8, 12, 14, and 20, 2002 at $12.56
(4400 shares), August 13, 2003 at $11.78 (5000 shares), and October 7 at
$11.70 (600 shares).  Karpus Management, Inc. owns 2,500 shares
purchased on January 27, 2004 at a price of $12.47.  Jo Ann Van Degriff
owns 3000 shares purchased April 21 and 22, 2003 at $11.92 (1500
shares), and June 17 at $12.38 (1500 shares).  None of the other Principals
of KIM currently owns shares of PMN.
		b) KIM has the sole power to dispose of and to vote all such Shares
		under limited powers of attorney.
c) Below are the open market purchases in the last 60 days for the
Accounts.  There have been no dispositions and no acquisition, other than
by such open market purchases, during such period.
DATE
SHARES
PRICE PER

DATE
SHARES
PRICE PER


SHARE



SHARE
4/20/2004
500
11.8

5/3/2004
3000
11.26




5/4/2004
3800
11.33




5/11/2004
-4000
11.14




5/12/2004
1500
11.17




5/19/2004
1500
11.1
The Accounts have the right to receive all dividends from, and any proceeds
	from the sale of the Shares.  None of the Accounts has an interest in Shares
	constituting more than 5% of the Shares outstanding.
ITEM 6	Contracts, Arrangements, Understandings, or Relationships with Respect
		to Securities of the Issuer
		Except as described above, there are no contracts, arrangement,
		understandings or relationships of any kind among the Principals and KIM
		and between any of them and any other person with respect to any of the
		PMN securities.
ITEM 7	Materials to be Filed as Exhibits
		Not applicable












Signature
		After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
						Karpus Management, Inc.


June 9, 2004 		         	 	       By: _________________________
      Date						         Signature
					               Dana R. Consler, Vice President
							        Name /Title