Putnam New York Investment Grade Municipal Trust

The fund's portfolio

7/31/05 (Unaudited)

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KEY TO ABBREVIATIONS

AMBAC

AMBAC Indemnity Corporation

FGIC

Financial Guaranty Insurance Company

FRB

Floating Rate Bonds

FSA

Financial Security Assurance

G.O. Bonds

General Obligation Bonds

IFB

Inverse Floating Rate Bonds

MBIA

MBIA Insurance Company

U.S. Govt. Coll.

U.S. Government Collateralized

MUNICIPAL BONDS AND NOTES (123.8%)(a)

Rating (RAT)

Principal amount

Value

New York (121.1%)

Albany Cnty., Indl. Dev. Agcy. Rev. Bonds (Albany College of Pharmacy), Ser. A, 5 3/8s, 12/1/24

BBB-

 $300,000

 $315,129

Albany, Indl. Dev. Agcy. Civic Fac. Rev. Bonds (Charitable Leadership), Ser. A , 6s, 7/1/19

Baa3

250,000

 270,638

Chemung Cnty., Indl. Dev. Agcy. Civic Fac. Rev. Bonds (Arnot Ogden Med. Ctr.), 5s, 11/1/34

A3

500,000

 508,070

Dutchess Cnty., Indl. Dev. Agcy. Civic Fac. Rev. Bonds (Bard College), 5 3/4s, 8/1/30

A3

700,000

 760,704

Essex Cnty., Indl. Dev.  Agcy. Rev. Bonds (Intl. Paper Co.), Ser. A, 5 1/2s, 10/1/26

Baa2

250,000

 256,068

Geneva, Indl. Dev. Agcy. Rev. Bonds (Hobart & William Smith), Ser. A, 5 3/8s, 2/1/33

A

500,000

 534,125

Hempstead, Indl. Dev. Agcy. Civic Fac. Rev. Bonds (Hofstra U.), 5 1/4s, 7/1/16

A

395,000

 422,381

Long Island, Pwr. Auth. NY Elec. Syst. Rev. Bonds, Ser. A

5 1/4s, 12/1/26

A3

750,000

 792,428

AMBAC, 5s, 9/1/29

Aaa

2,000,000

 2,116,560

Madison Cnty., Indl. Dev. Agcy. Rev. Bonds (Colgate U.), Ser. A, 5s, 7/1/23

Aa3

1,000,000

 1,060,250

Metro. Trans. Auth. Rev. Bonds, Ser. A, FSA, 5s, 11/15/30

Aaa

1,000,000

 1,046,490

Metro. Trans. Auth. Svc. Contract Rev. Bonds

(Trans. Fac.), Ser. O, U.S. Govt. Coll., 5 3/4s, 7/1/13

AAA

500,000

 558,345

Ser. A , MBIA, 5 1/2s, 1/1/20

Aaa

1,000,000

 1,112,720

Monroe Cnty., Indl. Dev. Agcy. Civic Fac. Rev. Bonds (Highland Hosp. Rochester), 5s, 8/1/25

Baa1

250,000

 256,328

Niagara Cnty., Indl. Dev. Agcy. Rev. Bonds, Ser. C, 5 5/8s, 11/15/24

Baa3

450,000

 484,907

NY City, FRB, AMBAC, 2 1/2s, 9/1/11

Aaa

200,000

 200,000

NY City, G.O. Bonds

Ser. I, U.S. Govt. Coll., 6 1/4s, 4/15/17

Aaa

185,000

 197,439

Ser. B, 5 3/4s, 8/1/16

A1

1,000,000

 1,114,240

Ser. B, 5 1/2s, 12/1/31

A1

300,000

 323,877

Ser. B, U.S. Govt. Coll., 5 1/2s, 12/1/31 (Prerefunded)

AAA

700,000

 784,721

Ser. M, 5s, 4/1/24

A1

500,000

 525,790

NY City, IFB, AMBAC, 9.32s, 9/1/11

Aaa

200,000

 206,376

NY City, Hlth. & Hosp. Corp. Rev. Bonds (Hlth. Syst.), Ser. A , 5 3/8s, 2/15/26

A2

300,000

 313,158

NY City, Indl. Dev. Agcy. Rev. Bonds (Brooklyn Navy Yard Cogen. Partners), 5.65s, 10/1/28

BBB-

750,000

 755,805

NY City, Indl. Dev. Agcy. Civic Fac. Rev. Bonds

(Staten Island U. Hosp.), Ser. A, 6 3/8s, 7/1/31

Ba3

350,000

 352,790

(Brooklyn Polytech. U. Project J), 6 1/8s, 11/1/30

BB+

250,000

 252,518

(St. Francis College), 5s, 10/1/34

A-

250,000

 259,285

NY City, Indl. Dev. Agcy. Special Arpt. Fac. Rev. Bonds (Airis JFK I LLC), Ser. A, 5 1/2s, 7/1/28

Baa3

700,000

 702,765

NY City, Indl. Dev. Agcy. Special Fac. Rev. Bonds

(Terminal One Group Assn.), 6s, 1/1/15

A3

1,000,000

 1,013,110

(British Airways PLC), 5 1/4s, 12/1/32

Ba2

100,000

 91,223

NY City, Muni. Wtr. & Swr. Fin. Auth. Rev. Bonds, Ser. G, FSA, 5s, 6/15/34

Aaa

500,000

 519,530

NY Cntys., Tobacco Trust II Rev. Bonds (Tobacco Settlement), 5 3/4s, 6/1/43

BBB

1,000,000

 1,058,850

NY Cntys., Tobacco Trust III Rev. Bonds (Tobacco Settlement), 6s, 6/1/43

BBB

300,000

 322,629

NY State Dorm. Auth. Rev. Bonds

(State U. Edl. Fac.), Ser. A, 7 1/2s, 5/15/13

AA-

875,000

 1,089,296

(Mount Sinai Hlth.), Ser. A, 6 1/2s, 7/1/25

Ba1

250,000

 264,743

(Mental Hlth.), Ser. A, 5 3/4s, 2/15/27 (Prerefunded)

AA-

45,000

 47,841

(Mental Hlth.), Ser. A, 5 3/4s, 2/15/27

AA-

25,000

 26,388

(Winthrop-U. Hosp. Assn.), Ser. A, 5 1/2s, 7/1/32

Baa1

450,000

 473,535

(Dept. of Hlth.), 5 1/2s, 7/1/25 (Prerefunded)

AA-

870,000

 908,576

(Dept. of Hlth.), 5 1/2s, 7/1/25

AA-

630,000

 657,934

(North Shore Long Island Jewish Group), 5 3/8s, 5/1/23

A3

600,000

 637,998

(NY Methodist Hosp.), 5 1/4s, 7/1/17

A3

300,000

 325,758

(School Dist. Fin.), Ser. A, MBIA, 5 1/4s, 4/1/11

Aaa

1,000,000

 1,096,110

(Lenox Hill Hosp. Oblig. Group), 5 1/4s, 7/1/08

Baa2

250,000

 259,753

(NY U.), Ser. 2, AMBAC, 5s, 7/1/41

Aaa

1,500,000

 1,550,280

(Rochester U.), Ser. A, 5s, 7/1/34

A1

500,000

 523,025

(NY U.), Ser. A, FGIC, 5s, 7/1/29

Aaa

1,000,000

 1,057,400

Ser. A, FGIC, 5s, 3/15/27

Aaa

1,000,000

 1,101,600

(Dept. of Hlth.), Ser. 2, FGIC, 5s, 7/1/22

Aaa

1,000,000

 1,066,580

NY State Dorm. Auth. Lease Rev. Bonds (State U. Dorm. Facs.), Ser. A, MBIA, 5s, 7/1/24

Aaa

1,875,000

 2,009,663

NY State Energy Research & Dev. Auth. Fac. Mandatory Put Bonds, 4.7s, 10/1/12

A1

500,000

 500,420

NY State Energy Research & Dev. Auth. Gas Fac. Rev. Bonds (Brooklyn Union Gas), 6.952s, 7/1/26

A+

400,000

 420,868

NY State Env. Fac. Corp. Rev. Bonds, 5s, 6/15/32

Aaa

250,000

 262,755

NY State Env. Fac. Corp. Poll. Control Rev. Bonds (State Wtr. Revolving Fund), Ser. A, 7 1/2s, 6/15/12

Aaa

125,000

 136,685

NY State Pwr. Auth. Rev. Bonds, 5s, 11/15/20

Aa2

750,000

 801,825

NY State Thruway Auth. Rev. Bonds, Ser. A, MBIA

5 1/4s, 4/1/13

Aaa

1,000,000

 1,111,690

5 1/4s, 4/1/12

Aaa

1,000,000

 1,104,380

NY State Urban Dev. Corp. Rev. Bonds (Personal Income Tax), Ser. C-1, 5s, 3/15/33

AA

1,000,000

 1,098,090

Port. Auth. NY & NJ Cons. Rev. Bonds, Ser. 124, 5s, 8/1/31

AA-

1,000,000

 1,024,590

Port. Auth. NY & NJ Special Obligation Rev. Bonds (JFK Intl. Air Term. - 6), MBIA, 5.9s, 12/1/17

Aaa

3,000,000

 3,220,410

Sales Tax Asset Receivable Corp. Rev. Bonds, Ser. A, MBIA, 5s, 10/15/25

Aaa

1,425,000

 1,521,259

Saratoga Cnty., Indl. Dev. Agcy. Civic Fac. Rev. Bonds (Saratoga Hosp.), Ser. A, 5s, 12/1/13

BBB+

100,000

 105,711

Suffolk Cnty., Indl. Dev. Agcy. Civic Fac. Rev. Bonds (Huntington Hosp.), Ser. B, 5 7/8s, 11/1/32

Baa1

500,000

 529,385

Tobacco Settlement Fin. Auth. Rev. Bonds, Ser. A-1, 5 1/2s, 6/1/18

AA-

1,000,000

 1,103,870

Triborough Bridge & Tunnel Auth. Rev. Bonds, Ser. A, 5s, 1/1/32

Aa2

1,000,000

 1,039,390

Westchester Cnty., Indl Dev. Agcy. Civic Fac. Rev. Bonds (Guiding Eyes for the Blind), 5 3/8s, 8/1/24

BBB

165,000

 173,753

Westchester, Tobacco Asset Securitization Corp. Rev. Bonds, 5 1/8s, 6/1/38

BBB

500,000

 504,385

Yonkers, Indl. Dev. Agcy. Civic Fac. Rev. Bonds (St. John's Riverside Hosp.), Ser. A, 7 1/8s, 7/1/31

BB

250,000

 259,830

 47,505,025

Puerto Rico (2.7%)

Children's Trust Fund Tobacco Settlement Rev. Bonds, 5 1/2s, 5/15/39

BBB

750,000

 782,235

PR Indl. Tourist Edl. Med. & Env. Control Fac. Rev. Bonds (Cogen. Fac.-AES), 6 5/8s, 6/1/26

Baa3

250,000

 271,195

 1,053,430

TOTAL INVESTMENTS

Total investments (cost $46,175,601)(b)

 $48,558,455

NOTES

(a)

Percentages indicated are based on net assets of $39,209,568.

(RAT)

The Moody's or Standard & Poor's ratings indicated are believed to be the most recent ratings available at July 31, 2005 for the securities listed. Ratings are generally ascribed to securities at the time of issuance. While the agencies may from time to time revise such ratings, they undertake no obligation to do so, and the ratings do not necessarily represent what the agencies would ascribe to these securities at July 31, 2005. Securities rated by Putnam are indicated by "/P".  Security ratings are defined in the Statement of Additional Information.

(b)

The aggregate identified cost on a tax basis is $46,175,601, resulting in gross unrealized appreciation and depreciation of $2,421,420 and $38,566, respectively, or net unrealized appreciation of $2,382,854.

The rates shown on Mandatory Put Bonds and Floating Rate Bonds (FRB) are the current interest rates at July 31, 2005.

The rates shown on IFB, which are securities paying interest rates that vary inversely to changes in the market interest rates, are the current interest rates at July 31, 2005.

The fund had the following industry group concentrations greater than 10% at July 31, 2005 (as a percentage of net assets):

Transportation

26.4%

Education

22.3

Utilities

14.4

Health care

14.1

The fund had the following insurance concentrations greater than 10% at July 31, 2005 (as a percentage of net assets):

MBIA

28.5%

AMBAC

10.4

Security valuation Tax-exempt bonds and notes are valued at fair value on the basis of valuations provided by an independent pricing service, approved by the Trustees.  Such services use information with respect to transactions in bonds, quotations from bond dealers, market transactions in comparable securities and various relationships between securities in determining value.  Other investments are valued at fair value following procedures approved by the Trustees.  Such valuations and procedures are reviewed periodically by the Trustees.

For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com