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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 5
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<PAGE> PAGE 7
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SIGNATURE THOMAS G. ROSE
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 001
<NAME> SELIGMAN GROWTH FUND - CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 477084
<INVESTMENTS-AT-VALUE> 618008
<RECEIVABLES> 13769
<ASSETS-OTHER> 7067
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 638844
<PAYABLE-FOR-SECURITIES> 32889
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2033
<TOTAL-LIABILITIES> 34922
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 448199
<SHARES-COMMON-STOCK> 114483<F1>
<SHARES-COMMON-PRIOR> 113091<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (216)
<ACCUMULATED-NET-GAINS> 15019
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 140920
<NET-ASSETS> 597510<F1>
<DIVIDEND-INCOME> 5424<F1>
<INTEREST-INCOME> 684<F1>
<OTHER-INCOME> 8<F1>
<EXPENSES-NET> (5152)<F1>
<NET-INVESTMENT-INCOME> 956<F1>
<REALIZED-GAINS-CURRENT> 78715
<APPREC-INCREASE-CURRENT> 61643
<NET-CHANGE-FROM-OPS> 141289
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1048)<F1>
<DISTRIBUTIONS-OF-GAINS> (62682)<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9416<F1>
<NUMBER-OF-SHARES-REDEEMED> (17796)<F1>
<SHARES-REINVESTED> 9772<F1>
<NET-CHANGE-IN-ASSETS> 88852
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (197)
<OVERDIST-NET-GAINS-PRIOR> (231)
<GROSS-ADVISORY-FEES> 2688<F1>
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5152<F1>
<AVERAGE-NET-ASSETS> 560299<F1>
<PER-SHARE-NAV-BEGIN> 4.54<F1>
<PER-SHARE-NII> .01<F1>
<PER-SHARE-GAIN-APPREC> 1.28<F1>
<PER-SHARE-DIVIDEND> (.01)<F1>
<PER-SHARE-DISTRIBUTIONS> (.60)<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 5.22<F1>
<EXPENSE-RATIO> .94<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A only. All other data are fund level.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 004
<NAME> SELIGMAN GROWTH FUND - CLASS D
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 477084
<INVESTMENTS-AT-VALUE> 618008
<RECEIVABLES> 13769
<ASSETS-OTHER> 7067
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 638844
<PAYABLE-FOR-SECURITIES> 32889
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2033
<TOTAL-LIABILITIES> 34922
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 448199
<SHARES-COMMON-STOCK> 1293<F1>
<SHARES-COMMON-PRIOR> 398<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (216)
<ACCUMULATED-NET-GAINS> 15019
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 140920
<NET-ASSETS> 6412<F1>
<DIVIDEND-INCOME> 37<F1>
<INTEREST-INCOME> 5<F1>
<OTHER-INCOME> 0<F1>
<EXPENSES-NET> (75)<F1>
<NET-INVESTMENT-INCOME> (33)<F1>
<REALIZED-GAINS-CURRENT> 78715
<APPREC-INCREASE-CURRENT> 61643
<NET-CHANGE-FROM-OPS> 141289
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0<F1>
<DISTRIBUTIONS-OF-GAINS> (685)<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1089<F1>
<NUMBER-OF-SHARES-REDEEMED> (328)<F1>
<SHARES-REINVESTED> 134<F1>
<NET-CHANGE-IN-ASSETS> 88852
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (197)
<OVERDIST-NET-GAINS-PRIOR> (231)
<GROSS-ADVISORY-FEES> 19<F1>
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 75<F1>
<AVERAGE-NET-ASSETS> 3961<F1>
<PER-SHARE-NAV-BEGIN> 4.38<F1>
<PER-SHARE-NII> (.04)<F1>
<PER-SHARE-GAIN-APPREC> 1.22<F1>
<PER-SHARE-DIVIDEND> 0<F1>
<PER-SHARE-DISTRIBUTIONS> (.60)<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 4.96<F1>
<EXPENSE-RATIO> 1.91<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class D only. All other data are fund level.
</FN>
</TABLE>
INDEPENDENT AUDITORS' REPORT
The Board of Directors and Shareholders
Seligman Growth Fund, Inc.
In planning and performing our audit of the financial statements of Seligman
Growth Fund, Inc. (the "Fund") for the year ended December 31, 1995, we
considered its internal control structure, including procedures for safeguarding
securities, in order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on the internal control
structure.
The management of the Fund is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against loss
from unauthorized use or disposition and that transactions are executed in
accordance with management's authorization and recorded properly to permit
preparation of financial statements in conformity with generally accepted
accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the structure to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1995.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
February 2, 1996
SELIGMAN GROWTH FUND, INC.
NSAR - Item 77C
PROXY RESULTS
Seligman Growth Fund Shareholders voted on the following proposals at the
Special Meeting of Shareholders held on December 12, 1995, in New York, New
York. Each Director was elected, and all other proposals were approved. The
description of each proposal and number of shares voted are as follows:
FOR AGAINST NON-VOTE
----- ---------- ------------
Election of Directors:
Fred E. Brown 67,455,287 2,730,217 36,646,940
John R. Galvin 67,256,368 2,873,618 36,645,949
Alice S. Ilchman 67,498,741 2,739,834 36,646,925
Frank A. McPherson 67,334,490 2,834,446 36,648,938
John E. Merow 67,284,803 2,920,029 36,638,791
Betsy S. Michel 67,713,435 2,575,953 36,649,252
William C. Morris 67,707,714 2,596,558 36,649,254
James C. Pitney 67,739,484 2,558,852 36,641,104
James Q. Riordan 67,720,815 2,550,584 36,641,103
Ronald T. Schroeder 67,786,994 2,522,438 36,619,249
Robert L. Shafer 67,762,057 2,546,635 36,649,250
James N. Whitson 67,758,187 2,555,944 36,638,755
Brian T. Zino 67,693,368 2,606,917 36,649,253
<TABLE>
<CAPTION>
FOR AGAINST ABSTAIN NON-VOTE
----- ---------- ---------- ------------
<S> <C> <C> <C> <C>
Ratification of Deloitte & Touche LLP
as independent auditors: 66,441,703 1,192,037 2,678,775 36,649,244
Approval of amendment to the Management
Agreement to increase management fee
payable by the Fund: 49,797,388 16,413,554 4,102,072 36,648,745
Approval of amendment to the Subadvisory
Agreement to increase the subadvisory fee
payable by J. & W. Seligman & Co. Incorporated: 49,760,584 16,140,986 4,410,944 36,649,245
Approval of amendment of the Fund's fundamental
investment policy to permit mortgaging
or pledging of its assets: 53,598,913 10,936,401 5,777,203 36,649,243
Approval of increasing borrowing limits: 55,782,761 10,934,163 4,135,591 36,373,890
</TABLE>
