Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940

Riepilogo

Applicant seeks an order declaring that it has ceased to be an investment company. On November 24, 2003, applicant transferred its assets to Putnam New York Tax Exempt Income Fund, based on net asset value. Expenses of $165,188 incurred in connection with the reorganization were paid by applicant, the acquiring fund, and Putnam Investment Management, LLC, applicant's investment adviser. Filing Date: The application was filed on March 22, 2004. Applicant's Address: One Post Office Sq., Boston, MA 02109.