PUTNAM UTILITIES GROWTH & INCOME FUND
NSAR-A, 1995-06-29
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<PAGE>      PAGE  1
000 A000000 04/30/95
000 C000000 0000867824
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 UTILITIES GROWTH AND INCOME FUND
001 B000000 811-5889
001 C000000 6172921562
002 A000000 ONE POST OFFICE SQUARE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003  000000 Y
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
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007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 PUTNAM INVESTMENT MANAGEMENT, INC.
008 B000001 A
008 C000001 801-7974
008 D010001 BOSTON
008 D020001 MA
008 D030001 02109
011 A000001 PUTNAM MUTUAL FUNDS, INC.
011 B000001 8-5088
011 C010001 B0STON
011 C020001 MA
011 C030001 02109
012 A000001 PUTNAM INVESTOR SERVICES, INC.
012 B000001 84-401299
012 C010001 BOSTON
012 C020001 MA
012 C030001 02109
013 A000001 COOPERS & LYBRAND
013 B010001 BOSTON
013 B020001 MA
<PAGE>      PAGE  2
013 B030001 02110
015 A000001 PUTNAM FIDUCIARY TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E010001 X
015 A000002 BROWN BROTHERS HARRIMAN & CO.
015 B000002 C
015 C010002 BOSTON
015 C020002 MA
015 C030002 02109
015 E010002 X
018  000000 Y
019 A000000 Y
019 B000000   86
019 C000000 PUTNAMFUND
020 A000001 AG EDWARD & SONS INC
020 B000001 43-0895477
020 C000001    274
020 A000002 PAINE WEBBER, INC.
020 B000002 13-2638166
020 C000002    196
020 A000003 SALOMON BROTHERS INC.
020 B000003 13-3082694
020 C000003    166
020 A000004 FIRST BOSTON CORP.
020 B000004 13-5659485
020 C000004    137
020 A000005 BEAR STEARNS CO.
020 B000005 13-4946705
020 C000005    127
020 A000006 LEHMAN BROTHERS
020 B000006 13-2518477
020 C000006     69
020 A000007 COUNTY NATWEST SECURITIES
020 B000007 13-3312778
020 C000007     69
020 A000008 PRUDENTIAL SECURITIES
020 B000008 22-2347336
020 C000008     65
020 A000009 INVEST CORP.
020 B000009 59-2195688
020 C000009     61
020 A000010 BANKERS TRUST
020 B000010 13-4941247
020 C000010     60
021  000000     2799
022 A000001 LEHMAN BROTHERS
022 B000001 13-2518466
022 C000001   1499863
<PAGE>      PAGE  3
022 D000001     17859
022 A000002 KIDDER PEABODY
022 B000002 13-5650440
022 C000002    643286
022 D000002      1235
022 A000003 BT SECURITIES
022 B000003 13-3311934
022 C000003    298346
022 D000003         0
022 A000004 JP MORGAN
022 B000004 13-5123346
022 C000004    146003
022 D000004         0
022 A000005 PRUDENTIAL BACHE
022 B000005 22-2347338
022 C000005    127647
022 D000005     10745
022 A000006 NOMURA
022 B000006 13-2642206
022 C000006     45241
022 D000006         0
022 A000007 GOLDMAN SACHS
022 B000007 13-5108880
022 C000007     42480
022 D000007     21344
022 A000008 MORGAN STANELY
022 B000008 13-2655998
022 C000008     22300
022 D000008      2526
022 A000009 CARROLL MCENTEE & MCGINLEY
022 B000009 13-2650272
022 C000009     19802
022 D000009         0
022 A000010 DONALDSON LUFKIN
022 B000010 13-2741729
022 C000010     16243
022 D000010     33264
023 C000000    2948353
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  8
072CC020000        0
072DD010000        0
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073 A010000   0.2300
073 A020000   0.1980
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080 B000000 NATIONAL UNION FIRE INSURANCE CO.
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<PAGE>      PAGE  9
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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 Utilities Growth & 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>                     1,040,831,659
<INVESTMENTS-AT-VALUE>                    1,035,529,294
<RECEIVABLES>                                32,662,822
<ASSETS-OTHER>                                  116,844
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                            1,068,308,960
<PAYABLE-FOR-SECURITIES>                      2,976,518
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                     4,121,479
<TOTAL-LIABILITIES>                           7,097,997
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                  1,088,872,935
<SHARES-COMMON-STOCK>                        58,160,344
<SHARES-COMMON-PRIOR>                        59,782,091
<ACCUMULATED-NII-CURRENT>                             0
<OVERDISTRIBUTION-NII>                      (1,393,392)
<ACCUMULATED-NET-GAINS>                               0
<OVERDISTRIBUTION-GAINS>                   (20,966,215)
<ACCUM-APPREC-OR-DEPREC>                    (5,302,365)
<NET-ASSETS>                              1,061,210,963
<DIVIDEND-INCOME>                            21,796,873
<INTEREST-INCOME>                             8,864,245
<OTHER-INCOME>                                        0
<EXPENSES-NET>                                7,457,708
<NET-INVESTMENT-INCOME>                      23,023,410
<REALIZED-GAINS-CURRENT>                   (14,591,838)
<APPREC-INCREASE-CURRENT>                    50,503,175
<NET-CHANGE-FROM-OPS>                        58,934,747
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                  (13,508,440)
<DISTRIBUTIONS-OF-GAINS>                      (828,432)
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                       7,064,462
<NUMBER-OF-SHARES-REDEEMED>                 (9,995,443)
<SHARES-REINVESTED>                           1,309,234
<NET-CHANGE-IN-ASSETS>                       18,153,787
<ACCUMULATED-NII-PRIOR>                               0
<ACCUMULATED-GAINS-PRIOR>                             0
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                  (4,780,268)
<GROSS-ADVISORY-FEES>                         3,294,016
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                               7,457,708
<AVERAGE-NET-ASSETS>                        530,537,167
<PER-SHARE-NAV-BEGIN>                              9.06
<PER-SHARE-NII>                                     .22
<PER-SHARE-GAIN-APPREC>                             .31
<PER-SHARE-DIVIDEND>                              (.23)
<PER-SHARE-DISTRIBUTIONS>                         (.01)
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                                9.35
<EXPENSE-RATIO>                                     .55
<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 Utilities Growth & 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>                     1,040,831,659
<INVESTMENTS-AT-VALUE>                    1,035,529,294
<RECEIVABLES>                                32,662,822
<ASSETS-OTHER>                                  116,844
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                            1,068,308,960
<PAYABLE-FOR-SECURITIES>                      2,976,518
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                     4,121,479
<TOTAL-LIABILITIES>                           7,097,997
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                  1,088,872,935
<SHARES-COMMON-STOCK>                        55,537,660
<SHARES-COMMON-PRIOR>                        55,573,491
<ACCUMULATED-NII-CURRENT>                             0
<OVERDISTRIBUTION-NII>                      (1,393,392)
<ACCUMULATED-NET-GAINS>                               0
<OVERDISTRIBUTION-GAINS>                   (20,966,215)
<ACCUM-APPREC-OR-DEPREC>                    (5,302,365)
<NET-ASSETS>                              1,061,210,963
<DIVIDEND-INCOME>                            21,796,873
<INTEREST-INCOME>                             8,864,245
<OTHER-INCOME>                                        0
<EXPENSES-NET>                                7,457,708
<NET-INVESTMENT-INCOME>                      23,023,410
<REALIZED-GAINS-CURRENT>                   (14,591,838)
<APPREC-INCREASE-CURRENT>                    50,503,175
<NET-CHANGE-FROM-OPS>                        58,934,747
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                  (10,907,856)
<DISTRIBUTIONS-OF-GAINS>                      (765,677)
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                       6,024,214
<NUMBER-OF-SHARES-REDEEMED>                 (7,175,075)
<SHARES-REINVESTED>                           1,115,030
<NET-CHANGE-IN-ASSETS>                       18,153,787
<ACCUMULATED-NII-PRIOR>                               0
<ACCUMULATED-GAINS-PRIOR>                             0
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                  (4,780,268)
<GROSS-ADVISORY-FEES>                         3,294,016
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                               7,457,708
<AVERAGE-NET-ASSETS>                     10,232,821,790
<PER-SHARE-NAV-BEGIN>                              9.02
<PER-SHARE-NII>                                     .19
<PER-SHARE-GAIN-APPREC>                             .31
<PER-SHARE-DIVIDEND>                              (.20)
<PER-SHARE-DISTRIBUTIONS>                         (.01)
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                                9.31
<EXPENSE-RATIO>                                     .92
<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 Utilities Growth & Income Class M 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>                     1,040,831,659
<INVESTMENTS-AT-VALUE>                    1,035,529,294
<RECEIVABLES>                                32,662,822
<ASSETS-OTHER>                                  116,844
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                            1,068,308,960
<PAYABLE-FOR-SECURITIES>                      2,976,518
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                     4,121,479
<TOTAL-LIABILITIES>                           7,097,997
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                  1,088,872,935
<SHARES-COMMON-STOCK>                            29,732
<SHARES-COMMON-PRIOR>                                 0
<ACCUMULATED-NII-CURRENT>                             0
<OVERDISTRIBUTION-NII>                      (1,393,392)
<ACCUMULATED-NET-GAINS>                               0
<OVERDISTRIBUTION-GAINS>                   (20,966,215)
<ACCUM-APPREC-OR-DEPREC>                    (5,302,365)
<NET-ASSETS>                              1,061,210,963
<DIVIDEND-INCOME>                            21,796,873
<INTEREST-INCOME>                             8,864,245
<OTHER-INCOME>                                        0
<EXPENSES-NET>                                7,457,708
<NET-INVESTMENT-INCOME>                      23,023,410
<REALIZED-GAINS-CURRENT>                   (14,591,838)
<APPREC-INCREASE-CURRENT>                    50,503,175
<NET-CHANGE-FROM-OPS>                        58,934,747
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                         (506)
<DISTRIBUTIONS-OF-GAINS>                              0
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                          29,957
<NUMBER-OF-SHARES-REDEEMED>                       (225)
<SHARES-REINVESTED>                                   0
<NET-CHANGE-IN-ASSETS>                       18,153,787
<ACCUMULATED-NII-PRIOR>                               0
<ACCUMULATED-GAINS-PRIOR>                             0
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                  (4,780,268)
<GROSS-ADVISORY-FEES>                         3,294,016
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                               7,457,708
<AVERAGE-NET-ASSETS>                             96,898
<PER-SHARE-NAV-BEGIN>                              9.14
<PER-SHARE-NII>                                     .12
<PER-SHARE-GAIN-APPREC>                             .20
<PER-SHARE-DIVIDEND>                              (.11)
<PER-SHARE-DISTRIBUTIONS>                             0
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                                9.35
<EXPENSE-RATIO>                                     .29
<AVG-DEBT-OUTSTANDING>                                0
<AVG-DEBT-PER-SHARE>                                  0
        

</TABLE>


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