<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/ncen" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0505</schemaVersion>
  <headerData>
    <submissionType>N-CEN</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0000794612</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
        <fileNumber>811-04527</fileNumber>
      </filer>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-1A</investmentCompanyType>
    </filerInfo>
    <seriesClass>
      <reportSeriesClass>
        <rptIncludeAllSeriesFlag>true</rptIncludeAllSeriesFlag>
      </reportSeriesClass>
    </seriesClass>
  </headerData>
  <formData>
    <generalInfo reportEndingPeriod="2025-05-31" isReportPeriodLt12="N"/>
    <registrantInfo>
      <registrantFullName>Putnam Minnesota Tax Exempt Income Fund</registrantFullName>
      <investmentCompFileNo>811-04527</investmentCompFileNo>
      <registrantCik>0000794612</registrantCik>
      <registrantLei>D1VFUXOG1JBN5H5V4W39</registrantLei>
      <registrantstreet1>100 FEDERAL STREET</registrantstreet1>
      <registrantcity>BOSTON</registrantcity>
      <registrantzipCode>02110</registrantzipCode>
      <registrantstate>US-MA</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>1-800-225-1581</registrantphoneNumber>
      <websites>
        <website webpage="www.franklintempleton.com"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>Franklin Advisers, Inc.</officeName>
          <officeAddress1>One Franklin Parkway</officeAddress1>
          <officeCity>San Mateo</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-CA"/>
          <officeRecordsZipCode>94403-1906</officeRecordsZipCode>
          <officePhone>650-312-2000</officePhone>
          <booksRecordsDesc>Records related to its functions as Investment manager</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>JPMorgan Chase Bank, N.A.</officeName>
          <officeAddress1>390 Madison Avenue</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-NY"/>
          <officeRecordsZipCode>10017</officeRecordsZipCode>
          <officePhone>212-464-1909</officePhone>
          <booksRecordsDesc>Records related to its functions as Custodian</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Franklin Templeton Investment Management Limited</officeName>
          <officeAddress1>Cannon Place</officeAddress1>
          <officeAddress2>78 Cannon Street</officeAddress2>
          <officeCity>London</officeCity>
          <officeCountry>GB</officeCountry>
          <officeRecordsZipCode>EC4N 6HL</officeRecordsZipCode>
          <officePhone>44-20-7073-8500</officePhone>
          <booksRecordsDesc>Records related to its functions as Investment manager</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>JPMorgan Chase Bank, N.A.</officeName>
          <officeAddress1>380 Madison Avenue</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-NY"/>
          <officeRecordsZipCode>10017</officeRecordsZipCode>
          <officePhone>212-270-6000</officePhone>
          <booksRecordsDesc>Records relating to its functions as Sub-Administrator and Fund Accounting Agent</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>State Street Bank and Trust Company  </officeName>
          <officeAddress1>2 AVENUE DE LAFAYETTE</officeAddress1>
          <officeCity>BOSTON</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-MA"/>
          <officeRecordsZipCode>02111</officeRecordsZipCode>
          <officePhone>1-617-786-3000</officePhone>
          <booksRecordsDesc>Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Putnam Retail Management Limited Partnership  </officeName>
          <officeAddress1>100 FEDERAL STREET</officeAddress1>
          <officeCity>BOSTON</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-MA"/>
          <officeRecordsZipCode>02110</officeRecordsZipCode>
          <officePhone>1-800-225-1581</officePhone>
          <booksRecordsDesc>Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Franklin Templeton Services, LLC</officeName>
          <officeAddress1>One Franklin Parkway</officeAddress1>
          <officeCity>San Mateo</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-CA"/>
          <officeRecordsZipCode>94403-1906</officeRecordsZipCode>
          <officePhone>650-312-2000</officePhone>
          <booksRecordsDesc>Records related to its functions as Administrative manager</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Putnam Investor Services, Inc.  </officeName>
          <officeAddress1>100 FEDERAL STREET</officeAddress1>
          <officeCity>BOSTON</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-MA"/>
          <officeRecordsZipCode>02110</officeRecordsZipCode>
          <officePhone>1-800-225-1581</officePhone>
          <booksRecordsDesc>Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Putnam Investment Management, LLC  </officeName>
          <officeAddress1>100 FEDERAL STREET</officeAddress1>
          <officeCity>BOSTON</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-MA"/>
          <officeRecordsZipCode>02110</officeRecordsZipCode>
          <officePhone>1-800-225-1581</officePhone>
          <booksRecordsDesc>Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Michael J. Higgins</officeName>
          <officeAddress1>100 FEDERAL STREET</officeAddress1>
          <officeCity>BOSTON</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-MA"/>
          <officeRecordsZipCode>02110</officeRecordsZipCode>
          <officePhone>1-800-225-1581</officePhone>
          <booksRecordsDesc>Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Franklin Distributors, LLC</officeName>
          <officeAddress1>One Franklin Parkway</officeAddress1>
          <officeCity>San Mateo</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-CA"/>
          <officeRecordsZipCode>94403-1906</officeRecordsZipCode>
          <officePhone>650-312-2000</officePhone>
          <booksRecordsDesc>Records related to its functions as Principal underwriter</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>State Street Bank and Trust Company  </officeName>
          <officeAddress1>225 FRANKLIN STREET</officeAddress1>
          <officeCity>BOSTON</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-MA"/>
          <officeRecordsZipCode>02110</officeRecordsZipCode>
          <officePhone>1-617-786-3000</officePhone>
          <booksRecordsDesc>Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>N</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <registrantFamilyInvComp isRegistrantFamilyInvComp="Y" familyInvCompFullName="Franklin Templeton Group of Funds"/>
      <registrantClassificationType>N-1A</registrantClassificationType>
      <totalSeries>1</totalSeries>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName>Jane E. Trust</directorName>
          <crdNumber>001766257</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-06444"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-06629"/>
            <fileNumberInfo fileNumber="811-02351"/>
            <fileNumberInfo fileNumber="811-22369"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-22294"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-21467"/>
            <fileNumberInfo fileNumber="811-07920"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-22491"/>
            <fileNumberInfo fileNumber="811-10603"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-10407"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-21403"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-21477"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-04052"/>
            <fileNumberInfo fileNumber="811-04254"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-22338"/>
            <fileNumberInfo fileNumber="811-06506"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-23408"/>
            <fileNumberInfo fileNumber="811-22546"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-21343"/>
            <fileNumberInfo fileNumber="811-21337"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-22334"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-08709"/>
            <fileNumberInfo fileNumber="811-22444"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-06740"/>
            <fileNumberInfo fileNumber="811-05497"/>
            <fileNumberInfo fileNumber="811-06310"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-21128"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-06110"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Jennifer Williams Murphy</directorName>
          <crdNumber>001552370</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-05635"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Katinka Domotorffy</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-02608"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Catharine Bond Hill</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-07626"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Liaquat Ahamed</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-02608"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Gregory G. McGreevey</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-04345"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Manoj P. Singh</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-03897"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>George Putnam III</directorName>
          <crdNumber>004355835</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-02742"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Mona K. Sutphen</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-04524"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Robert L. Reynolds</directorName>
          <crdNumber>002009065</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-07513"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Marie Pillai</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-04616"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Barbara M. Baumann</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-02742"/>
          </fileNumbers>
        </director>
      </directors>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>James F. Clark</ccoName>
          <crdNumber>N/A</crdNumber>
          <ccoStreet1>100 FEDERAL STREET</ccoStreet1>
          <ccoCity>BOSTON</ccoCity>
          <ccoStateCountry ccoCountry="US" ccoState="US-MA"/>
          <ccoZipCode>02110</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="N/A" ccoEmployerId="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <isRegistrantSubmittedMatter>N</isRegistrantSubmittedMatter>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <coveredByInsurancePolicy isCoveredByInsurancePolicy="Y" isClaimFiledDuringPeriod="N"/>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <releaseNumbers isExemptionFromAct="Y">
        <releaseNumberInfo releaseNumber="IC-20851"/>
      </releaseNumbers>
      <principalUnderwriters>
        <principalUnderwriter>
          <principalUnderwriterName>Putnam Retail Management Limited Partnership  </principalUnderwriterName>
          <principalUnderwriterFileNumber>8-5088</principalUnderwriterFileNumber>
          <principalUnderwriterCrdNumber>000007325</principalUnderwriterCrdNumber>
          <principalUnderwriterLei>N/A</principalUnderwriterLei>
          <principalUnderWriterStateCountry principalUnderWriterCountry="US" principalUnderWriterState="US-MA"/>
          <isPrincipalUnderwriterAffiliatedWithRegistrant>Y</isPrincipalUnderwriterAffiliatedWithRegistrant>
        </principalUnderwriter>
        <principalUnderwriter>
          <principalUnderwriterName>Franklin Distributors, LLC</principalUnderwriterName>
          <principalUnderwriterFileNumber>8-5889</principalUnderwriterFileNumber>
          <principalUnderwriterCrdNumber>000000332</principalUnderwriterCrdNumber>
          <principalUnderwriterLei>N/A</principalUnderwriterLei>
          <principalUnderWriterStateCountry principalUnderWriterCountry="US" principalUnderWriterState="US-CA"/>
          <isPrincipalUnderwriterAffiliatedWithRegistrant>Y</isPrincipalUnderwriterAffiliatedWithRegistrant>
        </principalUnderwriter>
      </principalUnderwriters>
      <isUnderwriterHiredOrTerminated>Y</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>PricewaterhouseCoopers LLP  </publicAccountantName>
          <pcaobNumber>238</pcaobNumber>
          <publicAccountantLei>5493002GVO7EO8RNNS37</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantCountry="US" publicAccountantState="US-MA"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <valuationMethodsChanges isMaterialChange="Y">
        <valuationMethodsChange>
          <dateOfChange>2024-07-22</dateOfChange>
          <changeExplanation>The mean between the last reported bid and ask prices, the mid price will be used in place of the last reported bid price for securities where no sales prices are reported</changeExplanation>
          <assetType>Debt</assetType>
          <investmentType>Debt ,excluding municipal bonds which already use mid- price </investmentType>
          <statutoryRegulatoryBasis>N/A</statutoryRegulatoryBasis>
          <valuationMethodsChangeSeries>
            <seriesInfo seriesName="Putnam Minnesota Tax Exempt Income Fund" seriesId="S000006218"/>
          </valuationMethodsChangeSeries>
        </valuationMethodsChange>
      </valuationMethodsChanges>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <isPaymentErrorInNetAssetValue>N</isPaymentErrorInNetAssetValue>
      <isPaymentDividend>N</isPaymentDividend>
    </registrantInfo>
    <managementInvestmentQuestionSeriesInfo>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Minnesota Tax Exempt Income Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000006218</mgmtInvSeriesId>
        <mgmtInvLei>D1VFUXOG1JBN5H5V4W39</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>4</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>1</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM MINNESOTA TAX EXEMPT INCOME FUND CL Y" sharesOutstandingClassId="C000060573" sharesOutstandingTickerSymbol="PMNYX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM MINNESOTA TAX EXEMPT INCOME FUND CL C" sharesOutstandingClassId="C000039836" sharesOutstandingTickerSymbol="PMOCX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM MINNESOTA TAX EXEMPT INCOME FUND CL R6" sharesOutstandingClassId="C000202929" sharesOutstandingTickerSymbol="PMVTX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM MINNESOTA TAX EXEMPT INCOME FUND CL A" sharesOutstandingClassId="C000017144" sharesOutstandingTickerSymbol="PXMNX"/>
        </sharesOutstandings>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(d)(ii) (17 CFR 270.18f-4(d)(ii))</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Franklin Advisers, Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-26292</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000104517</investmentAdviserCrdNo>
            <investmentAdviserLei>B1CG1NRZIDDJ0DQEXB52</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
            <investmentAdviserHired isInvestmentAdviserHired="Y">
              <investmentAdviserStartDate>2024-07-15</investmentAdviserStartDate>
            </investmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <investmentAdvisersTerminated>
          <investmentAdviserTerminated>
            <investmentAdviserTerminatedName>Putnam Investment Management, LLC  </investmentAdviserTerminatedName>
            <investAdviserTerminatedFileNo>801-7974</investAdviserTerminatedFileNo>
            <investAdviserTerminatedCrdNo>000106629</investAdviserTerminatedCrdNo>
            <investAdviserTerminatedLei>N/A</investAdviserTerminatedLei>
            <investmentAdviserTerminatedStateCountry investmentAdviserTerminatedState="US-MA" investmentAdviserTerminatedCountry="US"/>
            <investAdviserTerminationDate>2024-07-15</investAdviserTerminationDate>
          </investmentAdviserTerminated>
        </investmentAdvisersTerminated>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investment Management, LLC  </subAdviserName>
            <subAdviserFileNo>801-7974</subAdviserFileNo>
            <subAdviserCrdNo>000106629</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-MA" subAdviserCountry="US"/>
            <subAdviserHired isSubAdviserHired="Y" subAdviserStartDate="2024-07-15"/>
          </subAdviser>
          <subAdviser>
            <subAdviserName>Franklin Templeton Investment Management Limited</subAdviserName>
            <subAdviserFileNo>801-55170</subAdviserFileNo>
            <subAdviserCrdNo>000111360</subAdviserCrdNo>
            <subAdviserLei>MLH7B1BVFWXZVST01715</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <subAdviserHired isSubAdviserHired="Y" subAdviserStartDate="2024-11-01"/>
          </subAdviser>
        </subAdvisers>
        <subAdvisersTerminated>
          <subAdviserTerminated>
            <subAdviserTerminatedName>Putnam Investments Limited</subAdviserTerminatedName>
            <subAdviserTerminatedFileNo>801-61441</subAdviserTerminatedFileNo>
            <subAdviserTerminatedCrdNo>000122254</subAdviserTerminatedCrdNo>
            <subAdviserTerminatedLei>N/A</subAdviserTerminatedLei>
            <subAdviserTerminatedCountry>GB</subAdviserTerminatedCountry>
            <subAdviserTerminationDate>2024-11-01</subAdviserTerminationDate>
          </subAdviserTerminated>
        </subAdvisersTerminated>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.  </transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC</pricingServiceName>
            <pricingServiceLei>5493000NQ9LYLDBCTL34</pricingServiceLei>
            <pricingServiceIdNumberDesc>LEI Number</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>Y</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.  </shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>FRANKLIN TEMPLETON SERVICES, LLC</adminName>
            <adminLei>549300DFD0POOJZ42788</adminLei>
            <adminStateCountry adminState="US-CA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>Y</isAdminHiredOrTerminated>
        <aggregateCommission>0.00000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>Truist Securities, Inc.</principalName>
            <principalFileNo>8-17212</principalFileNo>
            <principalCrdNo>000006271</principalCrdNo>
            <principalLei>CSVTK36R0PNGXEM7NS14</principalLei>
            <principalStateCountry principalState="US-GA" principalCountry="US"/>
            <principalTotalPurchaseSale>7075955.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>J.P. Morgan Securities LLC</principalName>
            <principalFileNo>8-35008</principalFileNo>
            <principalCrdNo>000000079</principalCrdNo>
            <principalLei>ZBUT11V806EZRVTWT807</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>7405594.70000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>RBC Capital Markets, LLC</principalName>
            <principalFileNo>8-45411</principalFileNo>
            <principalCrdNo>000031194</principalCrdNo>
            <principalLei>549300LCO2FLSSVFFR64</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>8938470.18000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>UBS Securities LLC</principalName>
            <principalFileNo>8-22651</principalFileNo>
            <principalCrdNo>000007654</principalCrdNo>
            <principalLei>T6FIZBDPKLYJKFCRVK44</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>6192001.90000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Piper Sandler &amp; Co.</principalName>
            <principalFileNo>8-15204</principalFileNo>
            <principalCrdNo>000000665</principalCrdNo>
            <principalLei>549300GRQCWQ3XGH0H10</principalLei>
            <principalStateCountry principalState="US-MN" principalCountry="US"/>
            <principalTotalPurchaseSale>11400170.06000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Morgan Stanley &amp; Co. LLC</principalName>
            <principalFileNo>8-15869</principalFileNo>
            <principalCrdNo>000008209</principalCrdNo>
            <principalLei>9R7GPTSO7KV3UQJZQ078</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>6774580.80000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Barclays Capital, Inc.</principalName>
            <principalFileNo>8-41342</principalFileNo>
            <principalCrdNo>000019714</principalCrdNo>
            <principalLei>AC28XWWI3WIBK2824319</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>5190522.55000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BofA Securities, Inc.</principalName>
            <principalFileNo>8-69787</principalFileNo>
            <principalCrdNo>000283942</principalCrdNo>
            <principalLei>549300HN4UKV1E2R3U73</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>5873099.10000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Janney Montgomery Scott LLC</principalName>
            <principalFileNo>8-00462</principalFileNo>
            <principalCrdNo>000000463</principalCrdNo>
            <principalLei>549300QQRY1JCFQHYS08</principalLei>
            <principalStateCountry principalState="US-PA" principalCountry="US"/>
            <principalTotalPurchaseSale>5613602.50000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Siebert Williams Shank &amp; Co., LLC</principalName>
            <principalFileNo>8-49877</principalFileNo>
            <principalCrdNo>000042568</principalCrdNo>
            <principalLei>254900VTARX8RAY9QK77</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>8517671.05000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>107855358.72000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>187635997.96000001</mnthlyAvgNetAssets>
        <lineOfCredit hasLineOfCredit="Y">
          <lineOfCreditDetails>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
              <lineOfCreditSize>2995000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="THE BANK OF NEW YORK MELLON"/>
                <lineOfCreditInstitution creditInstitutionName="BANK OF AMERICA, N.A."/>
                <lineOfCreditInstitution creditInstitutionName="CITIBANK, N.A."/>
                <lineOfCreditInstitution creditInstitutionName="GOLDMAN SACHS BANK USA"/>
                <lineOfCreditInstitution creditInstitutionName="STATE STREET BANK AND TRUST COMPANY"/>
                <lineOfCreditInstitution creditInstitutionName="BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH"/>
                <lineOfCreditInstitution creditInstitutionName="JPMORGAN CHASE BANK, N.A."/>
                <lineOfCreditInstitution creditInstitutionName="HSBC BANK USA, N.A."/>
                <lineOfCreditInstitution creditInstitutionName="DEUTSCHE BANK SECURITIES INC."/>
                <lineOfCreditInstitution creditInstitutionName="MORGAN STANLEY SENIOR FUNDING, INC."/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="Templeton Global Bond VIP Fund" secFileNo="811-05583"/>
                <creditUser fundName="Putnam VT Large Cap Value Fund" secFileNo="811-05346"/>
                <creditUser fundName="BrandywineGLOBAL - Global Opportuniites Bond Fund " secFileNo="811-22338"/>
                <creditUser fundName="Western Asset High Yield Fund" secFileNo="811-06110"/>
                <creditUser fundName="Templeton Global Balanced Fund" secFileNo="811-08226"/>
                <creditUser fundName="Franklin LifeSmart 2055 Retirement Target Fund" secFileNo="811-07851"/>
                <creditUser fundName="Putnam Pennsylvania Tax Exempt Income Fund" secFileNo="811-05802"/>
                <creditUser fundName="Western Asset Short-Term Bond Fund" secFileNo="811-04254"/>
                <creditUser fundName="Western Asset SMASh Series C Fund" secFileNo="811-06740"/>
                <creditUser fundName="Franklin New Jersey Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="Franklin S&amp;P 500 Index Fund " secFileNo="811-06444"/>
                <creditUser fundName="Putnam Ohio Tax Exempt Income Fund" secFileNo="811-04528"/>
                <creditUser fundName="Franklin LifeSmart 2045 Retirement Target Fund" secFileNo="811-07851"/>
                <creditUser fundName="ClearBridge Mid Cap Fund" secFileNo="811-06444"/>
                <creditUser fundName="Putnam Large Cap Value Fund" secFileNo="811-02742"/>
                <creditUser fundName="Putnam VT International Equity Fund" secFileNo="811-05346"/>
                <creditUser fundName="Franklin Federal Intermediate-Term Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="Franklin Minnesota Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="Putnam International Equity Fund" secFileNo="811-06190"/>
                <creditUser fundName="Franklin High Income Fund" secFileNo="811-01608"/>
                <creditUser fundName="Putnam Diversified Income Trust" secFileNo="811-05635"/>
                <creditUser fundName="ClearBridge Mid Cap Growth Fund" secFileNo="811-06444"/>
                <creditUser fundName="Franklin LifeSmart 2040 Retirement Target Fund" secFileNo="811-07851"/>
                <creditUser fundName="Franklin Multi-Asset Moderate Growth Fund " secFileNo="811-06444"/>
                <creditUser fundName="ClearBridge Variable Dividend Strategy Portfolio " secFileNo="811-21128"/>
                <creditUser fundName="Franklin New York Intermediate-Term Tax-Free Income Fund" secFileNo="811-04787"/>
                <creditUser fundName="Putnam PanAgora ESG Emerging Markets Equity ETF" secFileNo="811-23643"/>
                <creditUser fundName="Franklin Templeton SMACS:  Series I" secFileNo="811-06243"/>
                <creditUser fundName="Putnam Sustainable Leaders ETF" secFileNo="811-23643"/>
                <creditUser fundName="Putnam Sustainable Future ETF" secFileNo="811-23643"/>
                <creditUser fundName="Templeton Foreign Fund" secFileNo="811-02781"/>
                <creditUser fundName="ClearBridge Variable Small Cap Growth Portfolio" secFileNo="811-21128"/>
                <creditUser fundName="Franklin Multi-Asset Variable Moderate Growth Fund " secFileNo="811-21128"/>
                <creditUser fundName="Franklin Mutual Beacon Fund" secFileNo="811-05387"/>
                <creditUser fundName="Franklin Managed Income Fund  " secFileNo="811-04986"/>
                <creditUser fundName="Putnam Sustainable Future Fund" secFileNo="811-07237"/>
                <creditUser fundName="ClearBridge Sustainability Leaders Fund " secFileNo="811-06444"/>
                <creditUser fundName="Franklin International Equity Fund (fka QS International Equity Fund)" secFileNo="811-22338"/>
                <creditUser fundName="Franklin California Intermediate-Term Tax-Free Income Fund" secFileNo="811-04356"/>
                <creditUser fundName="Putnam Small Cap Growth Fund" secFileNo="811-07513"/>
                <creditUser fundName="Franklin California Tax-Free Income Fund" secFileNo="811-02790"/>
                <creditUser fundName="Western Asset Short Duration Income ETF" secFileNo="811-23096"/>
                <creditUser fundName="Putnam VT Government Money Market Fund" secFileNo="811-05346"/>
                <creditUser fundName="Franklin Emerging Market Debt Opportunities Fund" secFileNo="811-10157"/>
                <creditUser fundName="Franklin LifeSmart 2025 Retirement Target Fund" secFileNo="811-07851"/>
                <creditUser fundName="Franklin Moderate Allocation Fund" secFileNo="811-07851"/>
                <creditUser fundName="Templeton Global Total Return Fund" secFileNo="811-04706"/>
                <creditUser fundName="Putnam Massachusetts Tax Exempt Income Fund" secFileNo="811-04518"/>
                <creditUser fundName="Franklin Mutual Shares Fund" secFileNo="811-05387"/>
                <creditUser fundName="Putnam Ultra Short Duration Income Fund" secFileNo="811-07513"/>
                <creditUser fundName="Putnam Focused Equity Fund" secFileNo="811-07513"/>
                <creditUser fundName="Putnam Global Health Care Fund" secFileNo="811-03386"/>
                <creditUser fundName="Franklin LifeSmart Retirement Income Fund" secFileNo="811-07851"/>
                <creditUser fundName="Franklin Multi-Asset Conservative Growth Fund " secFileNo="811-06444"/>
                <creditUser fundName="Franklin Low Duration Total Return Fund" secFileNo="811-04986"/>
                <creditUser fundName="Putnam International Value Fund" secFileNo="811-07513"/>
                <creditUser fundName="ClearBridge Select Fund" secFileNo="811-06444"/>
                <creditUser fundName="Templeton World Fund" secFileNo="811-02781"/>
                <creditUser fundName="Putnam ESG Core Bond ETF" secFileNo="811-23643"/>
                <creditUser fundName="Putnam VT Sustainable Leaders Fund" secFileNo="811-05346"/>
                <creditUser fundName="Putnam California Tax Exempt Income Fund" secFileNo="811-03630"/>
                <creditUser fundName="Western Asset SMASh Series M Fund" secFileNo="811-06740"/>
                <creditUser fundName="Western Asset Intermediate-Term Municipals Fund" secFileNo="811-04254"/>
                <creditUser fundName="Templeton Developing Markets VIP Fund" secFileNo="811-05583"/>
                <creditUser fundName="Templeton International Bond Fund" secFileNo="811-04706"/>
                <creditUser fundName="Templeton Foreign VIP Fund " secFileNo="811-05583"/>
                <creditUser fundName="Franklin Mutual Quest Fund" secFileNo="811-05387"/>
                <creditUser fundName="Franklin Mutual Small-Mid Cap Value Fund" secFileNo="811-05878"/>
                <creditUser fundName="Putnam Money Market Fund" secFileNo="811-02608"/>
                <creditUser fundName="Putnam Dynamic Asset Allocation Balanced Fund" secFileNo="811-07121"/>
                <creditUser fundName="Franklin Mutual Global Discovery Fund" secFileNo="811-05387"/>
                <creditUser fundName="ClearBridge Small Cap Fund" secFileNo="811-22338"/>
                <creditUser fundName="Putnam New York Tax Exempt Income Fund" secFileNo="811-03741"/>
                <creditUser fundName="Franklin Corefolio Allocation Fund" secFileNo="811-07851"/>
                <creditUser fundName="Western Asset Intermediate Maturity California Municipals Fund" secFileNo="811-04254"/>
                <creditUser fundName="Franklin Alabama Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="ClearBridge Large Cap Value Fund" secFileNo="811-06444"/>
                <creditUser fundName="Franklin Growth Fund" secFileNo="811-00537"/>
                <creditUser fundName="Western Asset New York Municipals Fund" secFileNo="811-04254"/>
                <creditUser fundName="Putnam VT Income Fund" secFileNo="811-05346"/>
                <creditUser fundName="Western Asset Short Duration High Income Fund" secFileNo="811-04254"/>
                <creditUser fundName="BrandywineGLOBAL - Flexible Bond Fund " secFileNo="811-22338"/>
                <creditUser fundName="Franklin New York Tax-Free Income Fund" secFileNo="811-03479"/>
                <creditUser fundName="Franklin Allocation VIP Fund (f/k/a Franklin Founding Funds Allocation VIP Fund)" secFileNo="811-05583"/>
                <creditUser fundName="ClearBridge Appreciation Fund" secFileNo="811-06444"/>
                <creditUser fundName="Western Asset Corporate Bond Fund" secFileNo="811-04254"/>
                <creditUser fundName="ClearBridge Growth Fund" secFileNo="811-06444"/>
                <creditUser fundName="Western Asset Ultra-Short Income Fund" secFileNo="811-04254"/>
                <creditUser fundName="ClearBridge Tactical Dividend Income Fund" secFileNo="811-06444"/>
                <creditUser fundName="Western Asset SMASh Series Core Plus Completion " secFileNo="811-06740"/>
                <creditUser fundName="Putnam VT George Putnam Balanced Fund" secFileNo="811-05346"/>
                <creditUser fundName="Franklin VolSmart Allocation VIP Fund" secFileNo="811-05583"/>
                <creditUser fundName="Franklin Floating Rate Daily Access Fund" secFileNo="811-04986"/>
                <creditUser fundName="Western Asset Managed Municipals Fund" secFileNo="811-04254"/>
                <creditUser fundName="Western Asset Short Duration Municipal Income Fund" secFileNo="811-04254"/>
                <creditUser fundName="Franklin Mutual Global Discovery VIP Fund" secFileNo="811-05583"/>
                <creditUser fundName="Putnam VT Core Equity Fund (f/k/a Putnam VT Multi-Cap Core Fund)" secFileNo="811-05346"/>
                <creditUser fundName="Franklin Gold and Precious Metals Fund" secFileNo="811-01700"/>
                <creditUser fundName="Franklin Income Fund" secFileNo="811-00537"/>
                <creditUser fundName="Foreign Smaller Companies Series" secFileNo="811-06135"/>
                <creditUser fundName="Franklin Long Duration Credit Fund" secFileNo="811-04986"/>
                <creditUser fundName="ClearBridge Variable Large Cap Value Portfolio" secFileNo="811-21128"/>
                <creditUser fundName="Franklin Growth and Income VIP Fund" secFileNo="811-05583"/>
                <creditUser fundName="Western Asset Variable Global High Yield Bond Portfolio" secFileNo="811-06310"/>
                <creditUser fundName="Franklin Global Real Estate VIP Fund" secFileNo="811-05583"/>
                <creditUser fundName="Franklin Convertible Securities Fund" secFileNo="811-04986"/>
                <creditUser fundName="Franklin Mutual Shares VIP Fund" secFileNo="811-05583"/>
                <creditUser fundName="Putnam BDC Income ETF" secFileNo="811-23643"/>
                <creditUser fundName="Putnam BioRevolution ETF" secFileNo="811-23643"/>
                <creditUser fundName="Western Asset Total Return ETF" secFileNo="811-23096"/>
                <creditUser fundName="Putnam Mortgage Securities Fund" secFileNo="811-03897"/>
                <creditUser fundName="Putnam VT Sustainable Future Fund" secFileNo="811-05346"/>
                <creditUser fundName="Western Asset California Municipals Fund" secFileNo="811-04254"/>
                <creditUser fundName="Putnam VT Emerging Markets Equity Fund" secFileNo="811-05346"/>
                <creditUser fundName="Putnam Research Fund" secFileNo="811-07237"/>
                <creditUser fundName="Putnam VT High Yield Fund" secFileNo="811-05346"/>
                <creditUser fundName="Franklin Strategic Income VIP Fund" secFileNo="811-05583"/>
                <creditUser fundName="Franklin Total Return Fund" secFileNo="811-04986"/>
                <creditUser fundName="Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)" secFileNo="811-07513"/>
                <creditUser fundName="Franklin Pennsylvania Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="K2 Alternative Strategies Fund" secFileNo="811-22641"/>
                <creditUser fundName="Putnam VT Diversified Income Fund" secFileNo="811-05346"/>
                <creditUser fundName="Putnam Strategic Intermediate Municipal Fund" secFileNo="811-04345"/>
                <creditUser fundName="Putnam High Yield Fund" secFileNo="811-04616"/>
                <creditUser fundName="Franklin Growth Allocation Fund" secFileNo="811-07851"/>
                <creditUser fundName="BrandywineGLOBAL - Global Unconstrained Bond Fund " secFileNo="811-22338"/>
                <creditUser fundName="Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund)" secFileNo="811-07513"/>
                <creditUser fundName="Franklin Templeton SMACS:  Series H" secFileNo="811-06243"/>
                <creditUser fundName="Western Asset Core Plus Bond Fund" secFileNo="811-06110"/>
                <creditUser fundName="Martin Currie SMASh Series EM Fund" secFileNo="811-22338"/>
                <creditUser fundName="Western Asset Core Plus VIT Portfolio" secFileNo="811-06310"/>
                <creditUser fundName="Putnam Government Money Market Fund" secFileNo="811-07237"/>
                <creditUser fundName="Franklin Strategic Mortgage Portfolio" secFileNo="811-07288"/>
                <creditUser fundName="Putnam ESG Ultra Short ETF" secFileNo="811-23643"/>
                <creditUser fundName="Franklin Small Cap Growth Fund" secFileNo="811-06243"/>
                <creditUser fundName="Putnam Focused Large Cap Value ETF" secFileNo="811-23643"/>
                <creditUser fundName="Franklin LifeSmart 2060 Retirement Target Fund " secFileNo="811-07851"/>
                <creditUser fundName="Templeton Global Bond Fund" secFileNo="811-04706"/>
                <creditUser fundName="Putnam VT Small Cap Growth Fund" secFileNo="811-05346"/>
                <creditUser fundName="Franklin High Yield Corporate ETF" secFileNo="811-23124"/>
                <creditUser fundName="George Putnam Balanced Fund" secFileNo="811-00058"/>
                <creditUser fundName="Putnam Dynamic Asset Allocation Equity Fund" secFileNo="811-07513"/>
                <creditUser fundName="Franklin Global Allocation Fund  " secFileNo="811-07851"/>
                <creditUser fundName="Franklin Real Estate Securities Fund" secFileNo="811-08034"/>
                <creditUser fundName="Franklin LifeSmart 2020 Retirement Target Fund" secFileNo="811-07851"/>
                <creditUser fundName="Franklin Biotechnology Discovery Fund" secFileNo="811-06243"/>
                <creditUser fundName="Franklin North Carolina Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="BrandywineGLOBAL - Diversified US Large Cap Value Fund " secFileNo="811-22338"/>
                <creditUser fundName="Franklin Templeton Moderately Aggressive Model Portfolio" secFileNo="811-21128"/>
                <creditUser fundName="Franklin DynaTech Fund" secFileNo="811-00537"/>
                <creditUser fundName="Franklin High Yield Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="Putnam Tax-Free High Yield Fund" secFileNo="811-04345"/>
                <creditUser fundName="Putnam Short Duration Bond Fund" secFileNo="811-07513"/>
                <creditUser fundName="Franklin Large Cap Growth VIP Fund" secFileNo="811-05583"/>
                <creditUser fundName="Franklin International Growth Fund" secFileNo="811-10157"/>
                <creditUser fundName="BrandywineGLOBAL - Alternative Credit Fund " secFileNo="811-22338"/>
                <creditUser fundName="Putnam VT International Value Fund" secFileNo="811-05346"/>
                <creditUser fundName="Franklin Rising Dividends VIP Fund" secFileNo="811-05583"/>
                <creditUser fundName="Franklin Low Duration U.S. Government Securities Fund" secFileNo="811-04986"/>
                <creditUser fundName="Franklin Federal Limited-Term Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="Putnam Small Cap Value Fund" secFileNo="811-07237"/>
                <creditUser fundName="Putnam Emerging Markets Equity Fund" secFileNo="811-07513"/>
                <creditUser fundName="ClearBridge Variable Large Cap Growth Portfolio" secFileNo="811-21128"/>
                <creditUser fundName="Western Asset Core Bond Fund" secFileNo="811-06110"/>
                <creditUser fundName="Templeton Growth VIP Fund " secFileNo="811-05583"/>
                <creditUser fundName="Putnam Floating Rate Income Fund" secFileNo="811-07513"/>
                <creditUser fundName="Templeton Growth Fund, Inc." secFileNo="811-04892"/>
                <creditUser fundName="Franklin Natural Resources Fund" secFileNo="811-06243"/>
                <creditUser fundName="Putnam Dynamic Asset Allocation Growth Fund" secFileNo="811-07121"/>
                <creditUser fundName="Franklin California High Yield Municipal Fund" secFileNo="811-06481"/>
                <creditUser fundName="Franklin U.S. Government Securities VIP Fund" secFileNo="811-05583"/>
                <creditUser fundName="Franklin Louisiana Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="Putnam Income Fund" secFileNo="811-00653"/>
                <creditUser fundName="Templeton Global Smaller Companies Fund" secFileNo="811-03143"/>
                <creditUser fundName="Putnam VT Research Fund" secFileNo="811-05346"/>
                <creditUser fundName="Franklin Mutual U.S. Mid Cap Value Fund" secFileNo="811-05878"/>
                <creditUser fundName="Putnam New Jersey Tax Exempt Income Fund" secFileNo="811-05977"/>
                <creditUser fundName="ClearBridge Variable Growth Portfolio" secFileNo="811-21128"/>
                <creditUser fundName="Franklin LifeSmart 2050 Retirement Target Fund" secFileNo="811-07851"/>
                <creditUser fundName="Franklin Income VIP Fund" secFileNo="811-05583"/>
                <creditUser fundName="Putnam International Capital Opportunities Fund" secFileNo="811-07237"/>
                <creditUser fundName="Putnam PanAgora ESG International Equity ETF" secFileNo="811-23643"/>
                <creditUser fundName="Western Asset SMASh Series Core Completion Fund" secFileNo="811-06740"/>
                <creditUser fundName="ClearBridge International Growth Fund" secFileNo="811-22338"/>
                <creditUser fundName="BrandywineGLOBAL - High Yield Fund" secFileNo="811-06444"/>
                <creditUser fundName="Western Asset Mortgage Total Return Fund" secFileNo="811-04254"/>
                <creditUser fundName="Franklin Connecticut Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="Franklin Georgia Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="Franklin Oregon Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="Franklin Multi-Asset Defensive Growth Fund " secFileNo="811-06444"/>
                <creditUser fundName="Franklin Global Equity Fund" secFileNo="811-06444"/>
                <creditUser fundName="Franklin Massachusetts Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="Franklin Small-Mid Cap Growth VIP Fund" secFileNo="811-05583"/>
                <creditUser fundName="Putnam Tax Exempt Income Fund" secFileNo="811-02675"/>
                <creditUser fundName="Franklin Michigan Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="ClearBridge Variable Appreciation Portfolio" secFileNo="811-21128"/>
                <creditUser fundName="ClearBridge Small Cap Growth Fund" secFileNo="811-06444"/>
                <creditUser fundName="Franklin DynaTech VIP Fund " secFileNo="811-05583"/>
                <creditUser fundName="Franklin Colorado Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="Franklin Templeton Moderate Model Portfolio" secFileNo="811-21128"/>
                <creditUser fundName="Putnam Global Technology Fund" secFileNo="811-07513"/>
                <creditUser fundName="Franklin Equity Income Fund" secFileNo="811-04986"/>
                <creditUser fundName="Putnam Sustainable Leaders Fund" secFileNo="811-06128"/>
                <creditUser fundName="ClearBridge Large Cap Growth Fund" secFileNo="811-06444"/>
                <creditUser fundName="Franklin Mutual International Value Fund" secFileNo="811-05387"/>
                <creditUser fundName="Western Asset Long Credit VIT" secFileNo="811-06310"/>
                <creditUser fundName="Putnam Focused Large Cap Growth ETF" secFileNo="811-23643"/>
                <creditUser fundName="Western Asset Intermediate Maturity New York Municipals Fund" secFileNo="811-04254"/>
                <creditUser fundName="Putnam VT Focused International Equity Fund" secFileNo="811-05346"/>
                <creditUser fundName="Franklin Maryland Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="ClearBridge Value Fund" secFileNo="811-22338"/>
                <creditUser fundName="Putnam VT Global Asset Allocation Fund" secFileNo="811-05346"/>
                <creditUser fundName="Western Asset SMASh Series TF Fund" secFileNo="811-06740"/>
                <creditUser fundName="Franklin Ohio Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="Franklin Virginia Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="ClearBridge Dividend Strategy Fund " secFileNo="811-06444"/>
                <creditUser fundName="Franklin Conservative Allocation Fund" secFileNo="811-07851"/>
                <creditUser fundName="Western Asset Intermediate Bond Fund" secFileNo="811-06110"/>
                <creditUser fundName="Western Asset Income Fund" secFileNo="811-04254"/>
                <creditUser fundName="Western Asset Inflation Indexed Plus Bond Fund" secFileNo="811-06110"/>
                <creditUser fundName="Franklin Multi-Asset Variable Conservative Growth Fund " secFileNo="811-21128"/>
                <creditUser fundName="Franklin Templeton Aggressive Model Portfolio" secFileNo="811-21128"/>
                <creditUser fundName="Franklin U.S. Large Cap Equity Fund " secFileNo="811-06444"/>
                <creditUser fundName="Franklin Floating Rate Master Series" secFileNo="811-09869"/>
                <creditUser fundName="Putnam Mortgage Opportunities Fund" secFileNo="811-07513"/>
                <creditUser fundName="Putnam VT Mortgage Securities Fund" secFileNo="811-05346"/>
                <creditUser fundName="Putnam Large Cap Growth Fund (f/k/a Putnam Growth Opportunities Fund)" secFileNo="811-07237"/>
                <creditUser fundName="Putnam VT Global Health Care Fund" secFileNo="811-05346"/>
                <creditUser fundName="Franklin Senior Loan ETF" secFileNo="811-23124"/>
                <creditUser fundName="Western Asset Bond ETF" secFileNo="811-23124"/>
                <creditUser fundName="Western Asset Total Return Unconstrained Fund" secFileNo="811-06110"/>
                <creditUser fundName="International Equity Series" secFileNo="811-06135"/>
                <creditUser fundName="Franklin Templeton Moderately Conservative Model Portfolio" secFileNo="811-21128"/>
                <creditUser fundName="Franklin Rising Dividends Fund" secFileNo="811-04894"/>
                <creditUser fundName="Western Asset Oregon Municipals Fund" secFileNo="811-04254"/>
                <creditUser fundName="Martin Currie Emerging Markets Fund" secFileNo="811-22338"/>
                <creditUser fundName="Franklin Small-Mid Cap Growth Fund" secFileNo="811-06243"/>
                <creditUser fundName="Franklin Templeton Conservative Model Portfolio" secFileNo="811-21128"/>
                <creditUser fundName="Templeton Developing Markets Trust" secFileNo="811-06378"/>
                <creditUser fundName="Putnam Convertible Securities Fund" secFileNo="811-02280"/>
                <creditUser fundName="ClearBridge Variable Mid Cap Portfolio" secFileNo="811-21128"/>
                <creditUser fundName="Western Asset Pennsylvania Municipals Fund" secFileNo="811-04254"/>
                <creditUser fundName="Franklin Utilities Fund" secFileNo="811-00537"/>
                <creditUser fundName="Western Asset Municipal High Income Fund" secFileNo="811-04254"/>
                <creditUser fundName="Putnam VT Large Cap Growth Fund (f/k/a Putnam VT Growth Opportunities Fund)" secFileNo="811-05346"/>
                <creditUser fundName="Templeton Sustainable Emerging Markets Bond Fund" secFileNo="811-04706"/>
                <creditUser fundName="Western Asset Massachusetts Municipals Fund" secFileNo="811-04254"/>
                <creditUser fundName="Franklin U.S. Small Capitalization Equity Fund (fka QS U.S. Small Capitalization Equity Fund)" secFileNo="811-22338"/>
                <creditUser fundName="Franklin Small Cap Value Fund" secFileNo="811-05878"/>
                <creditUser fundName="Putnam Intermediate-Term Municipal Income Fund" secFileNo="811-07513"/>
                <creditUser fundName="Franklin Federal Tax-Free Income Fund" secFileNo="811-03395"/>
                <creditUser fundName="Franklin Arizona Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="Franklin Templeton SMACS:  Series CH" secFileNo="811-06243"/>
                <creditUser fundName="Franklin Templeton SMACS:  Series EM" secFileNo="811-08226"/>
                <creditUser fundName="Franklin Growth Opportunities Fund" secFileNo="811-06243"/>
                <creditUser fundName="Western Asset New Jersey Municipals Fund" secFileNo="811-04254"/>
                <creditUser fundName="Franklin Multi-Asset Growth Fund " secFileNo="811-06444"/>
                <creditUser fundName="Franklin Templeton SMACS:  Series E" secFileNo="811-06243"/>
                <creditUser fundName="Franklin Core Plus Bond Fund" secFileNo="811-06243"/>
                <creditUser fundName="Putnam Short-Term Municipal Income Fund" secFileNo="811-07513"/>
                <creditUser fundName="Franklin Small Cap Value VIP Fund" secFileNo="811-05583"/>
                <creditUser fundName="Putnam VT Small Cap Value Fund" secFileNo="811-05346"/>
                <creditUser fundName="Franklin Missouri Tax-Free Income Fund" secFileNo="811-04149"/>
                <creditUser fundName="Putnam Multi-Asset Income Fund" secFileNo="811-07121"/>
                <creditUser fundName="ClearBridge International Value Fund" secFileNo="811-06444"/>
                <creditUser fundName="ClearBridge Global Infrastructure Income Fund " secFileNo="811-22338"/>
                <creditUser fundName="Templeton Emerging Markets Small Cap Fund" secFileNo="811-08226"/>
                <creditUser fundName="Putnam Ultra Short MAC Series" secFileNo="811-07513"/>
                <creditUser fundName="Putnam Global Income Trust" secFileNo="811-04524"/>
                <creditUser fundName="Franklin LifeSmart 2030 Retirement Target Fund" secFileNo="811-07851"/>
                <creditUser fundName="Franklin Multi-Asset Variable Growth Fund " secFileNo="811-21128"/>
                <creditUser fundName="Putnam Focused International Equity Fund" secFileNo="811-01403"/>
                <creditUser fundName="BrandywineGLOBAL - Corporate Credit Fund" secFileNo="811-06444"/>
                <creditUser fundName="Putnam Dynamic Asset Allocation Conservative Fund" secFileNo="811-07121"/>
                <creditUser fundName="Franklin LifeSmart 2035 Retirement Target Fund" secFileNo="811-07851"/>
                <creditUser fundName="Franklin U.S. Government Securities Fund" secFileNo="811-00537"/>
                <creditUser fundName="Putnam ESG High Yield ETF" secFileNo="811-23643"/>
                <creditUser fundName="Putnam Emerging Markets Ex-China ETF" secFileNo="811-23643"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
          </lineOfCreditDetails>
        </lineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <attachmentsTab>
      <isLegalProceedings>false</isLegalProceedings>
      <isProvisionFinancialSupport>false</isProvisionFinancialSupport>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
      <isChangeAccPrinciples>false</isChangeAccPrinciples>
      <isInfoRequiredEO>true</isInfoRequiredEO>
      <isOtherInfoRequired>false</isOtherInfoRequired>
    </attachmentsTab>
    <signature registrantSignedName="Putnam Minnesota Tax Exempt Income Fund" signedDate="2025-05-31" signature="Monica Krogh" title="Assistant Treasurer"/>
  </formData>
</edgarSubmission>
