U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of issuer:
The Putnam Fund for Growth and Income
One Post Office Square
Boston, Massachusetts 02109
2. Name of each series or class of funds for which this
notice is filed:
Class A shares, Class B shares, Class M shares and Class
Y shares
3. Investment Company Act File Number: (40Act 811-781)
Securities Act File Number: (Reg. No. 2-13644)
4. Last day of fiscal year for which this notice is filed:
October 31, 1995
5. Check box if this notice is being filed more than 180
days after the close of the issuer's fiscal year for
purposes of reporting securities sold after the close of
the fiscal year but before termination of the issuer's
24f-2 declaration:
[ ]
6. Date of termination of issuer's declaration under rule
24f-2(a)(1), if applicable (see Instruction A.6):
7. Number and amount of securities of the same class or
series which have been registered under the Securities
Act of 1933 other than pursuant to rule 24f-2 in a prior
fiscal year, but which remained unsold at the beginning
of the fiscal year: NONE
8. Number and amount of securities registered during the
fiscal year other than pursuant to rule 24f-2: NONE
9. Number and aggregate sale price of securities sold during
the fiscal year:
222,931,046 shares $3,232,876,327
<PAGE>
10. Number and aggregate sale price of securities sold during
the fiscal year in reliance upon registration pursuant to
Rule 24f-2:
222,931,046 shares $3,232,876,327
11. Number and aggregate sale price of securities issued
during the fiscal year in connection with dividend
reinvestment plans, if applicable (see Instruction B.7):
40,230,532 shares $529,572,117
12. Calculation of registration fee:
(i) Aggregate sale price of securities
sold during the fiscal year in
reliance on rule 24f-2 (from Item
10):
$ 3,232,876,327
(ii) Aggregate price of shares issued in
connection with dividend reinvestment
plans (from Item 11, if applicable):
$ 529,572,117
(iii) Aggregate price of shares redeemed or
repurchased during the fiscal year
(if applicable):
$ 1,600,651,389
(iv) Aggregate price of shares redeemed or
repurchased and previously applied as
a reduction to filing fees pursuant
to rule 24e-2 (if applicable):
NONE
(v) Net aggregate price of securities
sold and issued during the fiscal
year in reliance on rule 24f-2 [line
(i), plus line (ii), less line (iii),
plus line (iv)] (if applicable):
$ 2,161,797,055
( vi) Multiplier prescribed by Section 6(b)
of the Securities Act of 1933 or
other applicable law or regulation
(see Instruction C.6):
1/29th of 1%
(vii) Fee due [line (i) or line (v)
multiplied by line (vi)]:
$ 745,447.26
<PAGE>
13. Check box if fees are being remitted to the Commission's
lockbox depository as described in section 3a of the
Commission's Rules of Informal and Other Procedures (17
CFR 202.3a).
[ X ]
Date of mailing or wire transfer of filing fees to the
Commission's lockbox depository: December 22, 1995
SIGNATURES
This report has been signed below by the following person on
behalf of the issuer and in the capacity and on the date
indicated.
By (Signature and Title) __________________________________
John D. Hughes
Senior Vice President and Treasurer
Date: December 28, 1995
ROPES & GRAY
ONE INTERNATIONAL PLACE
BOSTON, MASSACHUSETTS 02110-2624
(617) 951-7000
December 19, 1995
The Putnam Fund for Growth and Income
One Post Office Square
Boston, Massachusetts 02109
Ladies and Gentlemen:
We are furnishing this opinion in connection with the sale
during the fiscal year ended October 31, 1995 of 222,931,046
shares of beneficial interest (the "Shares") of The Putnam Fund
for Growth and Income (the "Fund").
We understand that on your books you record as sold Shares
for which orders have been accepted notwithstanding that on the
date of acceptance such Shares may not have been paid for, and
that for purposes of compliance with Rule 24f-2 (the "Rule")
under the Investment Company Act of 1940, as amended, you regard
such Shares as having been sold.
We have examined copies of (i) your Agreement and
Declaration of Trust as on file at the office of the Secretary of
State of The Commonwealth of Massachusetts, which provides for an
unlimited number of authorized shares of beneficial interest, and
(ii) your Bylaws, which provide for the issue and sale by the
Fund of such Shares. We have also examined (i) a copy of the
notice (the "Notice") to be filed pursuant to the Rule by you
with the Securities and Exchange Commission relating to your
registration of an indefinite number of shares of beneficial
interest of the Fund pursuant to the Securities Act of 1933, as
amended, and making definite registration of the Shares pursuant
to the Rule, and (ii) a certificate of the Treasurer of the Fund
stating that 221,648,640 of the Shares had been recorded as
issued and that the appropriate consideration therefor as
provided in your Bylaws had been received at October 31, 1995,
and that 1,282,406 of the Shares had been recorded as sold and
issued on your books at October 31, 1995, but that at that date
payment had not been received and was not then due in the
ordinary course of business.
We assume that appropriate action has been taken to register
or qualify the sale of the Shares under any applicable state and
federal laws regulating offerings and sales of securities, and
that the Notice will be timely filed with the Securities and
Exchange Commission.
<PAGE>
ROPES & GRAY
-2-
THE PUTNAM FUND FOR GROWTH
AND INCOME DECEMBER 19, 1995
Based upon the foregoing, we are of the opinion that:
1. The Fund is a legally organized and validly existing
voluntary association with transferable shares of beneficial
interest under the laws of The Commonwealth of Massachusetts and
is authorized to issue an unlimited number of shares of
beneficial interest.
2. The Shares were validly issued and, except for the
1,282,406 Shares for which payment had not been received at
October 31, 1995 and was not then due in the ordinary course of
business, were fully paid and nonassessable by the Fund at
October 31, 1995.
We consent to this opinion accompanying the Notice.
Very truly yours,
Ropes & Gray
