PUTNAM FUND FOR GROWTH & INCOME
NSAR-A, 1995-06-29
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<PAGE>      PAGE  1
000 A000000 04/30/95
000 C000000 0000081260
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 PUTNAM FUND FOR GROWTH & INCOME
001 B000000 811-781
001 C000000 6172921000
002 A000000 ONE POST OFFICE SQUARE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003  000000 N
004  000000 N
005  000000 N
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007 C010700  7
007 C010800  8
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007 C011000 10
008 A000001 PUTNAM INVESTMENT MANAGEMENT, INC.
008 B000001 A
008 C000001 801-781
008 D010001 BOSTON
008 D020001 MA
008 D030001 02109
011 A000001 PUTNAM MUTUAL FUNDS CORP.
011 B000001 8-5088
011 C010001 BOSTON
011 C020001 MA
011 C030001 02109
018  000000 Y
019 A000000 Y
019 B000000   84
019 C000000 PUTNAMFUND
020 A000001 BANK OF AMERICA
020 B000001 94-1687665
020 C000001    613
020 A000002 AG EDWARDS
<PAGE>      PAGE  2
020 B000002 43-0895477
020 C000002   1091
020 A000003 PAINE WEBBER
020 B000003 13-2638166
020 C000003   1002
020 A000004 BEAR STEARNS
020 B000004 13-4946705
020 C000004    574
020 A000005 INVEST CORP
020 B000005 59-2195688
020 C000005    352
020 A000006 STANDARD & POORS
020 B000006 22-2294542
020 C000006    315
020 A000007 FIRST BOSTON
020 B000007 13-5659485
020 C000007    440
020 A000008 SALOMON BROTHERS INC.
020 B000008 13-3082694
020 C000008    402
020 A000009 VEST (H.D) INVESTMENT SECURITIES, INC.
020 C000009    335
020 A000010 KIDDER PEABODY & CO.,INC.
020 B000010 13-5650440
020 C000010    305
021  000000    13949
022 A000001 SHEARSON LEHMAN BROTHERS, INC.
022 B000001 13-2518466
022 C000001   3807991
022 D000001         0
022 A000002 BT SECURITIES
022 B000002 13-3311934
022 C000002   2460282
022 D000002         0
022 A000003 JP MORGAN
022 B000003 13-3224016
022 C000003   1552071
022 D000003         0
022 A000004 PRUDENTIAL SECURITIES
022 B000004 22-2347336
022 C000004   1019121
022 D000004      5479
022 A000005 GOLDMAN SACHS
022 B000005 13-5108880
022 C000005   1102551
022 D000005         0
022 A000006 NOMURA
022 B000006 13-2642206
022 C000006    877091
022 D000006         0
022 A000007 KIDDER PEABODY & CO., INC.
<PAGE>      PAGE  3
022 B000007 13-5650440
022 C000007   1359752
022 D000007         0
022 A000008 MERRILL LYNCH
022 B000008 13-5674085
022 C000008    472731
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<PAGE>      PAGE  4
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SIGNATURE   GORDON H. SILVER                             
TITLE       VICE PRESIDENT      
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM Putnam Fund for Growth and Income Class A  AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         YEAR
<FISCAL-YEAR-END>                           APR-30-1995
<PERIOD-END>                                APR-30-1995
<INVESTMENTS-AT-COST>                     9,758,306,077
<INVESTMENTS-AT-VALUE>                   10,796,589,268
<RECEIVABLES>                               230,827,749
<ASSETS-OTHER>                                      955
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                           11,027,417,972
<PAYABLE-FOR-SECURITIES>                    144,069,453
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                    54,233,443
<TOTAL-LIABILITIES>                         198,302,896
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                  9,758,864,011
<SHARES-COMMON-STOCK>                       472,357,570
<SHARES-COMMON-PRIOR>                                 0
<ACCUMULATED-NII-CURRENT>                    25,258,394
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                       6,709,480
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                  1,038,283,191
<NET-ASSETS>                             10,829,115,076
<DIVIDEND-INCOME>                           176,294,187
<INTEREST-INCOME>                            32,896,918
<OTHER-INCOME>                                        0
<EXPENSES-NET>                               55,043,143
<NET-INVESTMENT-INCOME>                     154,147,962
<REALIZED-GAINS-CURRENT>                     27,256,341
<APPREC-INCREASE-CURRENT>                   735,175,449
<NET-CHANGE-FROM-OPS>                       916,579,752
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                  (90,461,755)
<DISTRIBUTIONS-OF-GAINS>                  (193,529,630)
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                      47,870,959
<NUMBER-OF-SHARES-REDEEMED>                (36,059,732)
<SHARES-REINVESTED>                          20,472,215
<NET-CHANGE-IN-ASSETS>                    1,473,451,186
<ACCUMULATED-NII-PRIOR>                       1,776,815
<ACCUMULATED-GAINS-PRIOR>                   283,252,136
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                            0
<GROSS-ADVISORY-FEES>                        22,151,976
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                              55,043,143
<AVERAGE-NET-ASSETS>                                  0
<PER-SHARE-NAV-BEGIN>                             13.65
<PER-SHARE-NII>                                     .23
<PER-SHARE-GAIN-APPREC>                            1.00
<PER-SHARE-DIVIDEND>                                  0
<PER-SHARE-DISTRIBUTIONS>                         (.64)
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                               14.24
<EXPENSE-RATIO>                                     .44
<AVG-DEBT-OUTSTANDING>                                0
<AVG-DEBT-PER-SHARE>                                  0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM Putnam Fund for Growth and Income Class B  AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         YEAR
<FISCAL-YEAR-END>                           APR-30-1995
<PERIOD-END>                                APR-30-1995
<INVESTMENTS-AT-COST>                     9,758,306,077
<INVESTMENTS-AT-VALUE>                   10,796,589,268
<RECEIVABLES>                               230,827,749
<ASSETS-OTHER>                                      955
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                           11,027,417,972
<PAYABLE-FOR-SECURITIES>                    144,069,453
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                    54,233,443
<TOTAL-LIABILITIES>                         198,302,896
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                  9,758,864,011
<SHARES-COMMON-STOCK>                       283,505,945
<SHARES-COMMON-PRIOR>                                 0
<ACCUMULATED-NII-CURRENT>                    25,258,394
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                       6,709,480
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                  1,038,283,191
<NET-ASSETS>                             10,829,115,076
<DIVIDEND-INCOME>                           176,294,187
<INTEREST-INCOME>                            32,896,918
<OTHER-INCOME>                                        0
<EXPENSES-NET>                               55,043,143
<NET-INVESTMENT-INCOME>                     154,147,962
<REALIZED-GAINS-CURRENT>                     27,256,341
<APPREC-INCREASE-CURRENT>                   735,175,449
<NET-CHANGE-FROM-OPS>                       916,579,752
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                  (39,742,646)
<DISTRIBUTIONS-OF-GAINS>                  (109,386,554)
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                      46,065,247
<NUMBER-OF-SHARES-REDEEMED>                (18,393,025)
<SHARES-REINVESTED>                          11,104,303
<NET-CHANGE-IN-ASSETS>                    1,473,451,186
<ACCUMULATED-NII-PRIOR>                       1,776,815
<ACCUMULATED-GAINS-PRIOR>                   283,252,136
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                            0
<GROSS-ADVISORY-FEES>                        22,151,976
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                              55,043,143
<AVERAGE-NET-ASSETS>                                  0
<PER-SHARE-NAV-BEGIN>                             13.56
<PER-SHARE-NII>                                     .18
<PER-SHARE-GAIN-APPREC>                             .98
<PER-SHARE-DIVIDEND>                                  0
<PER-SHARE-DISTRIBUTIONS>                         (.59)
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                               14.13
<EXPENSE-RATIO>                                     .81
<AVG-DEBT-OUTSTANDING>                                0
<AVG-DEBT-PER-SHARE>                                  0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM Putnam Fund for Growth and Income Class Y  AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         YEAR
<FISCAL-YEAR-END>                           APR-30-1995
<PERIOD-END>                                APR-30-1995
<INVESTMENTS-AT-COST>                     9,758,306,077
<INVESTMENTS-AT-VALUE>                   10,796,589,268
<RECEIVABLES>                               230,827,749
<ASSETS-OTHER>                                      955
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                           11,027,417,972
<PAYABLE-FOR-SECURITIES>                    144,069,453
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                    54,233,443
<TOTAL-LIABILITIES>                         198,302,896
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                  9,758,864,011
<SHARES-COMMON-STOCK>                         6,823,099
<SHARES-COMMON-PRIOR>                                 0
<ACCUMULATED-NII-CURRENT>                    25,258,394
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                       6,709,480
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                  1,038,283,191
<NET-ASSETS>                             10,829,115,076
<DIVIDEND-INCOME>                           176,294,187
<INTEREST-INCOME>                            32,896,918
<OTHER-INCOME>                                        0
<EXPENSES-NET>                               55,043,143
<NET-INVESTMENT-INCOME>                     154,147,962
<REALIZED-GAINS-CURRENT>                     27,256,341
<APPREC-INCREASE-CURRENT>                   735,175,449
<NET-CHANGE-FROM-OPS>                       916,579,752
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                     (461,982)
<DISTRIBUTIONS-OF-GAINS>                      (882,813)
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                       4,964,040
<NUMBER-OF-SHARES-REDEEMED>                   (269,137)
<SHARES-REINVESTED>                             106,012
<NET-CHANGE-IN-ASSETS>                    1,473,451,186
<ACCUMULATED-NII-PRIOR>                       1,776,815
<ACCUMULATED-GAINS-PRIOR>                   283,252,136
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                            0
<GROSS-ADVISORY-FEES>                        22,151,976
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                              55,043,143
<AVERAGE-NET-ASSETS>                                  0
<PER-SHARE-NAV-BEGIN>                             13.66
<PER-SHARE-NII>                                     .24
<PER-SHARE-GAIN-APPREC>                            1.01
<PER-SHARE-DIVIDEND>                                  0
<PER-SHARE-DISTRIBUTIONS>                         (.66)
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                               14.25
<EXPENSE-RATIO>                                     .31
<AVG-DEBT-OUTSTANDING>                                0
<AVG-DEBT-PER-SHARE>                                  0
        

</TABLE>


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