UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 Schedule 13D/A
                    Under the Securities Exchange Act of 1934
                               (Amendment No. 2)*

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

                                  Common Stock
                         (Title of Class of Securities)

                                    746921105
                                 (CUSIP Number)

                             Stephen C. Miller, Esq.
                            Joel L. Terwilliger, Esq.
                           2344 Spruce Street, Suite A
                             Boulder, Colorado 80302
                                 (303) 442-2156
           (Name, Address and Telephone Number of Person Authorized to
                       Receive Notices and Communications)

                                 March 27, 2007
             (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  that is the subject of this  Schedule  13D, and is filing this
schedule because of Sections 240.13d-1(e),  240.13d-1(f) or 240.13d-1(g),  check
the following box.

Note:  Schedules  filed in paper format shall include a signed original and five
copies of the schedule,  including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for  any  subsequent   amendment   containing   information  which  would  alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).





CUSIP No. 746921105
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1. Names of Reporting Persons.
   I.R.S. Identification Nos. of above persons (entities only).

   Mildred B. Horejsi Trust

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2. Check the Appropriate Box if a Member of a Group (See Instructions)
         (a)
         (b)

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3. SEC Use Only

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4. Source of Funds (See Instructions) WC OO

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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e)

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6. Citizenship or Place of Organization Alaska

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Number of         7.       Sole Voting Power         380,263
Shares Bene-
ficially Owned    8.       Shared Voting Power       0
by Each
Reporting         9.       Sole Dispositive Power    380,263
Person With
                  10.      Shared Dispositive Power  0

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11. Aggregate Amount Beneficially Owned by Each Reporting Person 380,263

--------------------------------------------------------------------------------

12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)

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13. Percent of Class Reported by Amount in Row (11)          13.67%

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14. Type of Reporting Person (See Instructions)     OO



CUSIP No. 746921105
--------------------------------------------------------------------------------


1. Names of Reporting Persons.
   I.R.S. Identification Nos. of above persons (entities only).

   Lola Brown Trust No. 1B

--------------------------------------------------------------------------------

2.  Check the Appropriate Box if a Member of a Group (See Instructions)
         (a)
         (b)

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3. SEC Use Only

--------------------------------------------------------------------------------

4. Source of Funds (See Instructions) WC OO

--------------------------------------------------------------------------------

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e)

--------------------------------------------------------------------------------

6. Citizenship or Place of Organization Alaska

--------------------------------------------------------------------------------

Number of         7.       Sole Voting Power         151,000
Shares Bene-
ficially Owned    8.       Shared Voting Power       0
by Each
Reporting         9.       Sole Dispositive Power    151,000
Person With
                  10.      Shared Dispositive Power  0

--------------------------------------------------------------------------------

11. Aggregate Amount Beneficially Owned by Each Reporting Person    151,000

--------------------------------------------------------------------------------

12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)

--------------------------------------------------------------------------------

13. Percent of Class Reported by Amount in Row (11)               5.43%

--------------------------------------------------------------------------------

14. Type of Reporting Person (See Instructions) OO





CUSIP No. 746921105

--------------------------------------------------------------------------------

1. Names of Reporting Persons.
   I.R.S. Identification Nos. of above persons (entities only).

   Stewart R. Horejsi

--------------------------------------------------------------------------------

2. Check the Appropriate Box if a Member of a Group (See Instructions)
         (a)
         (b)

--------------------------------------------------------------------------------

3. SEC Use Only

--------------------------------------------------------------------------------

4. Source of Funds (See Instructions) Not applicable

--------------------------------------------------------------------------------

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e)

--------------------------------------------------------------------------------

6. Citizenship or Place of Organization United States

--------------------------------------------------------------------------------

Number of         7.       Sole Voting Power         0
Shares Bene-
ficially Owned    8.       Shared Voting Power       0
by Each
Reporting         9.       Sole Dispositive Power    0
Person With
                  10.      Shared Dispositive Power  0

--------------------------------------------------------------------------------

11. Aggregate Amount Beneficially Owned by Each Reporting Person         0

--------------------------------------------------------------------------------

12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)

--------------------------------------------------------------------------------

13. Percent of Class Reported by Amount in Row (11)               0%

--------------------------------------------------------------------------------

14. Type of Reporting Person (See Instructions) IN





                  Amendment No. 2 to Statement on Schedule 13D

     This second  amended  statement on Schedule 13D relates to the Common Stock
(the  "Shares")  of  Putnam  New  York  Investment   Grade  Municipal  Trust,  a
Massachusetts  business  trust (the  "Company").  Items 1, 3, 4, 5 and 7 of this
statement,  previously  filed by (i) the Mildred B. Horejsi  Trust (the "Mildred
Trust") as the direct  beneficial  owner of Shares and (ii) by virtue of certain
relationships  described in this  statement,  by Stewart R. Horejsi,  are hereby
amended as set forth below.

Item 1. Identity and Background

(a) This  Statement is filed (i) by the Mildred B. Horejsi  Trust (the  "Mildred
Trust"), as the direct beneficial owner of Shares; (ii) the Lola Brown Trust No.
1B (the "Lola  Trust"),  as the direct  beneficial  owner of Shares and (iii) by
virtue of  certain  relationships  described  in this  statement,  by Stewart R.
Horejsi.  Mr.  Horejsi,  the Mildred  Trust and the Lola Trust are  collectively
referred to herein as the  "Reporting  Persons".  The Mildred Trust and the Lola
Trust are  collectively  referred  to herein as the  "Trusts".  By signing  this
Statement,  each Reporting  Person agrees that this Statement is filed on its or
his behalf.

The trustees of the Mildred Trust are Badlands Trust Company,  LLC ("Badlands"),
Susan L. Ciciora and Brian Sippy  (collectively,  the "Mildred  Trustees").  The
Trustees of the Lola Trust are Badlands, Ms. Ciciora and Larry Dunlap (the "Lola
Trustees"). The Mildred Trustees and the Lola Trustees are collectively referred
to  herein  as the  "Trustees".  The  Trustees  may be  deemed  to  control  the
respective Trusts and may be deemed to possess indirect beneficial  ownership of
the Shares held by the respective Trust. However,  none of the Trustees,  acting
alone,  can vote or exercise  dispositive  authority  over Shares held by either
Trust.  Accordingly,  the Trustees disclaim  beneficial  ownership of the Shares
beneficially owned, directly or indirectly, by the Trusts.

As a result of his advisory role with the Trusts,  Mr.  Horejsi may be deemed to
have indirect beneficial  ownership over the Shares directly  beneficially owned
by the Trusts. However, Mr. Horejsi disclaims beneficial ownership of the Shares
directly held by the Trusts.

(b) The  business  address of the Mildred  Trust and Lola Trust is c/o  Badlands
Trust Company, LLC, 3301 C Street, Suite 100, Anchorage,  AK 99503. The business
address of Mr.  Horejsi is c/o Stewart  Investment  Advisers,  Bellerive,  Queen
Street,  St. Peter 26061 Barbados.  The business  address of Ms. Ciciora is 2344
Spruce Street,  Suite A, Boulder,  Colorado 80302.  The business  address of Dr.
Sippy is 7265 Old Grant Creek Road, Missoula,  MT 59808. The business address of
Mr. Dunlap is 771 Victoria Heights Terrace, Salina, Kansas 67401.

(c) The Mildred Trust is an irrevocable grantor trust organized by Mr. Horejsi's
mother,  Mildred Horejsi,  primarily for the benefit of her issue.  Although the
Mildred  Trust  was  established  under  the  laws of New  York  and  originally
domiciled in Kansas,  it is now domiciled and  administered in Alaska.  The Lola
Trust is an irrevocable  grantor trust organized by Mr.  Horejsi's  grandmother,
Lola Brown,  primarily for the benefit of her issue. Although the Lola Trust was
established  under the laws of and  originally  domiciled  in Kansas,  it is now
domiciled and administered in Alaska.  Badlands is an Alaskan limited  liability
company  organized to act as a private trust  company to administer  the Mildred
Trust as well as other family trusts for Mr. Horejsi's family.

Mr.  Horejsi  is a  private  investor  and  is the  portfolio  manager  for  two
registered  investment advisers,  Boulder Investment  Advisers,  LLC ("BIA") and
Stewart West Indies Trading Company,  Ltd., doing business as Stewart Investment
Advisers  ("SIA").  BIA and SIA are  co-investment  advisers  to two  closed-end
investment  companies,  the Boulder  Total  Return  Fund,  Inc.  ("BTF") and the
Boulder Growth & Income Fund,  Inc.  ("BIF").  BIA and SIA are owned by the Lola
Trust and other Horejsi family trusts  (directly or indirectly  through entities
wholly-owned by such trusts).  Dr. Sippy is a licensed  physician  practicing in
Missoula,  Montana,  and  specializing in  ophthalmology  and is a trustee of or
protector  with  respect to other  Horejsi  family  trusts.  Ms.  Ciciora is Mr.
Horejsi's  daughter and is a trustee of several other Horejsi family trusts. Mr.
Dunlap is retired from the automotive  parts business and is a  director/manager
of Badlands and a trustee of or protector  with respect to other Horejsi  family
trusts.


(d) None of the  Reporting  Persons,  Badlands,  Ms.  Ciciora,  Dr. Sippy or Mr.
Dunlap  has been  convicted  in a  criminal  proceeding  in the past five  years
(excluding traffic violations or similar misdemeanors).

(e) During the past five years,  none of the Reporting  Persons,  Badlands,  Ms.
Ciciora, Dr. Sippy or Mr. Dunlap was a party to a civil proceeding of a judicial
or  administrative  body of  competent  jurisdiction  as a result of which  such
person was or 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 of finding any violation with respect to such laws.

(f) Mr. Horejsi,  Ms. Ciciora, Dr. Sippy and Mr. Dunlap are each citizens of the
United States.

Item 3. Source and Amount of Funds or Other Consideration.

     No change except for the addition of the following:

     The total amount of funds required by the Lola Trust to purchase the Shares
as reported in Item 5(c) was $2,046,360.00  Such funds were provided by the Lola
Trust's cash on hand.


Item 4. Purpose of Transaction

     No change except for the addition of the following:

The Lola Trust acquired the Shares  reported in Item 5(c) in order to acquire an
equity ownership of the Company.

     Depending upon their evaluation of the Company's investments and prospects,
and upon future developments (including,  but not limited to, performance of the
Shares in the market, the effective yield on the Shares,  availability of funds,
alternative  uses of  funds,  and  money,  stock  market  and  general  economic
conditions),  any of the Reporting  Persons or other entities that may be deemed
to be affiliated with the Trusts may from time to time purchase Shares,  and any
of the Reporting  Persons or other  entities that may be deemed to be affiliated
with the Trusts may from time to time  dispose of all or a portion of the Shares
held by such person,  or cease  buying or selling  Shares.  Any such  additional
purchases  or sales of the Shares may be in open market or  privately-negotiated
transactions or otherwise.

Item 5. Interest in Securities of the Issuer.

     No change except for the addition of the following:


(a) The  Mildred  Trust is the direct  beneficial  owner of 380,263  Shares,  or
approximately  13.67% of the 2,780,987 Shares outstanding as of October 31, 2006
(the "Outstanding Shares"),  according to information contained in the Company's
semi-annual  report to shareholders.  By virtue of the relationships  previously
reported in this statement, Mr. Horejsi, Dr. Sippy and Ms. Ciciora may be deemed
to share indirect beneficial ownership of the Shares directly beneficially owned
by the Trust. Mr. Horejsi disclaims all such beneficial ownership.

The  Lola  Trust  is  the  direct   beneficial  owner  of  151,000  Shares,   or
approximately  5.43% of the Outstanding  Shares.  By virtue of the relationships
previously  reported  in this  statement,  Messrs.  Horejsi  and  Dunlap and Ms.
Ciciora  may be deemed to share  indirect  beneficial  ownership  of the  Shares
directly  beneficially owned by the Lola Trust.  Messrs.  Horejsi and Dunlap and
Ms. Ciciora disclaim all such beneficial ownership.

By virtue of the relationships and transactions described in this statement, the
Trusts  may be  deemed  to  constitute  a group.  The  Mildred  Trust  disclaims
beneficial  ownership of Shares directly  beneficially  owned by the Lola Trust,
and  the  Lola  Trust   disclaims   beneficial   ownership  of  Shares  directly
beneficially owned by the Mildred Trust.

(b) The Trusts have the direct power to vote and direct the  disposition  of the
respective Shares held by them. By virtue of the relationships described in Item
2, Messrs. Horejsi and the Trustees may be deemed to share the indirect power to
vote and direct the  disposition  of the Shares held by the Trusts.  Mr. Horejsi
and the Trustees disclaim all such beneficial ownership.

(c) The table below sets forth  purchases of the Shares by the Lola Trust.  Such
purchases were effected in privately negotiated transactions.



------------------------------------- ----------------------------------- -----------------------------------
Date                                  Amount of Shares                    Approximate    Price   Per   Share
                                                                          (exclusive of commissions)
------------------------------------- ----------------------------------- -----------------------------------
                                                                   
3/27/2007                             37,000                              $13.62
3/29/2007                             114,000                             $13.53




The table below sets forth sales of the Shares by the Mildred Trust.  Such sales
were effected in privately negotiated transactions.



------------------------------------- ----------------------------------- -----------------------------------
Date                                  Amount of Shares                    Approximate    Price   Per   Share
                                                                          (exclusive of commissions)
------------------------------------- ----------------------------------- -----------------------------------
                                                                    
3/27/2007                             37,000                              $13.62
3/29/2007                             114,000                             $13.53



Item 7. Material to be Filed as Exhibits.

     No change except for the addition of the following:

     Exhibit 5. Joint Filing Agreement.






                                    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.

Date:    April 3, 2007


/s/ Stewart R. Horejsi
Stewart R. Horejsi

/s/ Stephen C. Miller
Stephen  C.  Miller  as   President   of  Badlands   Trust   Company,   LLC,  an
Alaska-domiciled   limited  liability  company,   private  trust  company,   and
administrative trustee for the Mildred B. Horejsi Trust and the Lola Brown Trust
No. 1B








                                    Exhibit 5

                             Joint Filing Agreement

In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, as
amended, the undersigned hereby (i) agree to the joint filing with all other
Reporting Persons (as such term is defined the the statement on Schedule 13D
described below) on behalf of each of them of a statement on Schedule 13D
(including amendments thereto) with respect to the Common Stock of Putnam New
York Investment Grade Municipal Trust and (ii) agree that this Agreement be
included as an Exhibit to such joint filing. This Agreement may be executed in
any number of counterparts all of which taken together shall constitute one and
the same instrument. In witness whereof, the undersigned hereby execute this
Joint Filing Agreement on April 3, 2007.


Mildred Horejsi Trust

By: Badlands Trust Company, LLC, trustee


/s/ Stephen C. Miller
By: ______________________________
         Stephen C. Miller, President

Lola Brown Trust No. 1B

By: Badlands Trust Company, LLC, trustee


/s/ Stephen C. Miller
By: ______________________________
         Stephen C. Miller, President

/s/ Stewart R. Horejsi
---------------------------------
Stewart R. Horejsi