<PAGE> PAGE 1
000 A000000 06/30/97
000 C000000 706211
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 T. ROWE PRICE GROWTH & INCOME FUND, INC.
001 B000000 811-3566
001 C000000 4103452000
002 A000000 100 EAST PRATT STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
015 A000001 STATE STREET BANK & TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02101
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 78
019 C000000 TROWEPRICE
020 A000001 BERNSTEIN SANFORD
020 B000001 13-2625874
020 C000001 63
020 A000002 MORGAN STANLEY
020 B000002 13-2655998
020 C000002 60
020 A000003 WARBURG SG
020 B000003 13-3340045
020 C000003 53
020 A000004 BEAR STEARNS
020 B000004 13-3299429
020 C000004 50
020 A000005 MERRILL LYNCH
020 B000005 13-5674085
020 C000005 41
020 A000006 WERTHEIM SCHRODER
020 B000006 13-2697272
020 C000006 34
020 A000007 PRUDENTIAL SECURITIES
<PAGE> PAGE 2
020 B000007 22-2347236
020 C000007 33
020 A000008 JP MORGAN
020 B000008 13-3224016
020 C000008 33
020 A000009 STANDARD & POORS
020 B000009 13-2671951
020 C000009 27
020 A000010 SALOMON BROTHERS
020 B000010 13-3082694
020 C000010 26
021 000000 831
022 A000001 GOLDMAN SACHS
022 B000001 13-5108880
022 C000001 323513
022 D000001 24635
022 A000002 J.P. MORGAN
022 B000002 13-3224016
022 C000002 296891
022 D000002 8583
022 A000003 LEHMAN BROTHERS
022 B000003 13-2518466
022 C000003 240453
022 D000003 9994
022 A000004 GMAC
022 B000004 38-0572512
022 C000004 176653
022 D000004 0
022 A000005 BANKERS TRUST
022 B000005 13-4941247
022 C000005 159000
022 D000005 0
022 A000006 MERRILL LYNCH
022 B000006 13-5674085
022 C000006 140505
022 D000006 2598
022 A000007 FIRST BOSTON
022 B000007 13-5659485
022 C000007 106634
022 D000007 0
022 A000008 CHASE SECURITIES
022 B000008 13-3112953
022 C000008 49697
022 D000008 31000
022 A000009 MORGAN STANLEY
022 B000009 13-2655998
022 C000009 50775
022 D000009 11656
022 A000010 FORD MOTOR CREDIT
022 B000010 38-1612444
022 C000010 39787
<PAGE> PAGE 3
022 D000010 0
023 C000000 1745558
023 D000000 94910
025 A000001 BANKERS TRUST
025 B000001 13-4941247
025 C000001 D
025 D000001 9915
025 A000002 FORD MOTOR CREDIT
025 B000002 38-1612444
025 C000002 D
025 D000002 9974
025 A000003 MERRILL LYNCH
025 B000003 13-5674085
025 C000003 D
025 D000003 9988
025 A000004 MORGAN STANLEY
025 B000004 13-2655998
025 C000004 D
025 D000004 10023
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
028 A010000 105548
028 A020000 5
028 A030000 0
028 A040000 22441
028 B010000 74899
028 B020000 0
028 B030000 0
028 B040000 25045
028 C010000 61932
028 C020000 18191
028 C030000 0
028 C040000 30752
028 D010000 57098
028 D020000 1
028 D030000 0
028 D040000 40912
028 E010000 52239
028 E020000 0
028 E030000 0
028 E040000 25251
028 F010000 59045
028 F020000 14060
028 F030000 0
028 F040000 31538
028 G010000 410761
028 G020000 32257
028 G030000 0
028 G040000 175939
<PAGE> PAGE 4
028 H000000 0
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 2500
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
<PAGE> PAGE 5
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 398710
071 B000000 214772
071 C000000 2487182
071 D000000 9
072 A000000 6
072 B000000 12241
072 C000000 28326
072 D000000 0
072 E000000 0
072 F000000 7875
072 G000000 0
072 H000000 0
072 I000000 2643
072 J000000 122
072 K000000 19
072 L000000 53
072 M000000 10
072 N000000 68
072 O000000 0
072 P000000 0
072 Q000000 45
072 R000000 5
072 S000000 2
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 9
072 X000000 10851
072 Y000000 0
072 Z000000 29716
072AA000000 68020
072BB000000 0
072CC010000 244686
072CC020000 0
072DD010000 29689
072DD020000 0
072EE000000 3506
073 A010000 0.2500
<PAGE> PAGE 6
073 A020000 0.0000
073 B000000 0.0300
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 260872
074 D000000 132248
074 E000000 28669
074 F000000 2630811
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 31195
074 K000000 0
074 L000000 13985
074 M000000 0
074 N000000 3097780
074 O000000 26000
074 P000000 370
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 6281
074 S000000 0
074 T000000 3065129
074 U010000 121324
074 U020000 0
074 V010000 25.26
074 V020000 0.00
074 W000000 0.0000
074 X000000 74032
074 Y000000 0
075 A000000 0
075 B000000 2755311
076 000000 0.00
077 A000000 N
SIGNATURE HENRY H. HOPKINS
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706211
<NAME> TRP GROWTH & INCOME FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 2062603
<INVESTMENTS-AT-VALUE> 3052600
<RECEIVABLES> 45179
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3097780
<PAYABLE-FOR-SECURITIES> 26000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6651
<TOTAL-LIABILITIES> 32651
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2004569
<SHARES-COMMON-STOCK> 121324
<SHARES-COMMON-PRIOR> 109984
<ACCUMULATED-NII-CURRENT> 1225
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 69340
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 989995
<NET-ASSETS> 3065129
<DIVIDEND-INCOME> 28326
<INTEREST-INCOME> 12241
<OTHER-INCOME> 0
<EXPENSES-NET> 10851
<NET-INVESTMENT-INCOME> 29716
<REALIZED-GAINS-CURRENT> 68020
<APPREC-INCREASE-CURRENT> 244686
<NET-CHANGE-FROM-OPS> 342422
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 29689
<DISTRIBUTIONS-OF-GAINS> 3506
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17494
<NUMBER-OF-SHARES-REDEEMED> 7495
<SHARES-REINVESTED> 1340
<NET-CHANGE-IN-ASSETS> 576306
<ACCUMULATED-NII-PRIOR> 1198
<ACCUMULATED-GAINS-PRIOR> 4826
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 7875
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 10851
<AVERAGE-NET-ASSETS> 2755311
<PER-SHARE-NAV-BEGIN> 22.63
<PER-SHARE-NII> .25
<PER-SHARE-GAIN-APPREC> 2.66
<PER-SHARE-DIVIDEND> .25
<PER-SHARE-DISTRIBUTIONS> .03
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 25.26
<EXPENSE-RATIO> .79
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
