PUTNAM UTILITIES GROWTH & INCOME FUND
NSAR-A, 1996-06-28
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<PAGE>      PAGE  1
000 A000000 04/30/96
000 C000000 0000867824
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 J000000 U
001 A000000 PUTNAM UTILITIES GROWTH AND INCOME FUND
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001 C000000 6172921562
002 A000000 ONE POST OFFICE SQUARE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
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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 L.L.P.
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   98
019 C000000 PUTNAMFUND
020 A000001 PAINE WEBBER INC.
020 B000001 13-2638166
020 C000001    132
020 A000002 EDWARDS (A.G.) & SONS INC.
020 B000002 43-0895477
020 C000002     91
020 A000003 SALOMON BROTHERS INC.
020 B000003 13-3082694
020 C000003     85
020 A000004 JEFFERIES & CO.
020 B000004 95-2622900
020 C000004     79
020 A000005 FINANCIAL NETWORK INVESTMENT CORP
020 B000005 95-3845382
020 C000005     62
020 A000006 FIRST BOSTON CO.
020 B000006 13-5659485
020 C000006     62
020 A000007 BEAR STEARNS & CO.
020 B000007 13-4946705
020 C000007     47
020 A000008 DEAN WITTER REYNOLDS INC.
020 B000008 94-1671384
020 C000008     36
020 A000009 MERRILL LYNCH PIERCE FENNER & SMITH INC.
020 B000009 13-5674085
020 C000009     31
020 A000010 SMITH BARNEY HARRIS UPHAM & CO.
020 B000010 13-1912900
020 C000010     25
021  000000     1305
022 A000001 ISI GROUP INC.
022 B000001 13-3599877
022 C000001     30930
<PAGE>      PAGE  3
022 D000001      3056
022 A000002 PAINE WEBBER INC.
022 B000002 13-2638166
022 C000002     11818
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022 A000003 LEHMAN BROTHERS
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022 C000003     14793
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022 A000005 PRUDENTIAL SECURITIES
022 B000005 22-2347336
022 C000005     13610
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022 A000006 MORGAN (J.P.) SECURITIES INC.
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022 C000006      6906
022 D000006      9761
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022 B000007 13-3082694
022 C000007      5452
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022 A000008 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000008 13-5674085
022 C000008      4271
022 D000008      5604
022 A000009 GOLDMAN SACHS & CO.
022 B000009 13-5108880
022 C000009      5252
022 D000009      3881
022 A000010 DONALDSON LUFKIN & JENRETTE SECURITIES CORP.
022 B000010 13-2741729
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<PAGE>      PAGE  6
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<PAGE>      PAGE  9
080 A000000 FEDERAL INSURANCE COMPANY
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SIGNATURE   PAUL BUCUVALAS                               
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 Fund Class A AND IS QUALIFIED 
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         OTHER
<FISCAL-YEAR-END>	OCT-31-95
<PERIOD-END>	APR-30-96
<INVESTMENTS-AT-COST >        	1,090,227,428	    
<INVESTMENTS-AT-VALUE>	1,197,688,791
<RECEIVABLES>	25,421,880
<ASSETS-OTHER>	0
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	1,223,110,671
<PAYABLE-FOR-SECURITIES>	13,601,163
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	5,199,907
<TOTAL-LIABILITIES>	18,801,070
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	1,043,902,682
<SHARES-COMMON-STOCK>	54,556,097
<SHARES-COMMON-PRIOR>	57,035,257
<ACCUMULATED-NII-CURRENT>	0
<OVERDISTRIBUTION-NII>	(970,398)
<ACCUMULATED-NET-GAINS>	53,915,954
<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	107,461,363
<NET-ASSETS>	1,204,309,601
<DIVIDEND-INCOME>	25,047,406
<INTEREST-INCOME>	6,088,273
<OTHER-INCOME>	0
<EXPENSES-NET>	8,652,802
<NET-INVESTMENT-INCOME>	22,482,877
<REALIZED-GAINS-CURRENT>	55,592,517
<APPREC-INCREASE-CURRENT>	14,005,927
<NET-CHANGE-FROM-OPS>	92,081,321
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	(12,918,415)
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	7,301,705
<NUMBER-OF-SHARES-REDEEMED>	(10,744,911)
<SHARES-REINVESTED>	964,046
<NET-CHANGE-IN-ASSETS>	30,661,712
<ACCUMULATED-NII-PRIOR>	0
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	0
<OVERDIST-NET-GAINS-PRIOR>	(1,676,563)
<GROSS-ADVISORY-FEES>	3,853,095
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	8,832,731
<AVERAGE-NET-ASSETS>	309,575,656
<PER-SHARE-NAV-BEGIN>	10.40
<PER-SHARE-NII>	.22
<PER-SHARE-GAIN-APPREC>	.62
<PER-SHARE-DIVIDEND>	0
<PER-SHARE-DISTRIBUTIONS>	(.23)
<RETURNS-OF-CAPITAL>	0
<PER-SHARE-NAV-END>	11.01
<EXPENSE-RATIO>	1.06
<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 Fund Class B AND IS 
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         OTHER
<FISCAL-YEAR-END>	OCT-31-95
<PERIOD-END>	APR-30-96
<INVESTMENTS-AT-COST > 1,090,227,428	    
<INVESTMENTS-AT-VALUE>	1,197,688,791
<RECEIVABLES>	25,421,880
<ASSETS-OTHER>	0
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	1,223,110,671
<PAYABLE-FOR-SECURITIES>	13,601,163
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	5,199,907
<TOTAL-LIABILITIES>	18,801,070
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	1,043,902,682
<SHARES-COMMON-STOCK>	54,733,434
<SHARES-COMMON-PRIOR>	55,865,486
<ACCUMULATED-NII-CURRENT>	0
<OVERDISTRIBUTION-NII>	(970,398)
<ACCUMULATED-NET-GAINS>	53,915,954
<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	107,461,363
<NET-ASSETS>	1,204,309,601
<DIVIDEND-INCOME>	25,047,406
<INTEREST-INCOME>	6,088,273
<OTHER-INCOME>	0
<EXPENSES-NET>	8,652,802
<NET-INVESTMENT-INCOME>	22,482,877
<REALIZED-GAINS-CURRENT>	55,592,517
<APPREC-INCREASE-CURRENT>	14,005,927
<NET-CHANGE-FROM-OPS>	92,081,321
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	(10,480,788)
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	6,247,033
<NUMBER-OF-SHARES-REDEEMED>	(8,197,746)
<SHARES-REINVESTED>	818,661
<NET-CHANGE-IN-ASSETS>	30,661,712
<ACCUMULATED-NII-PRIOR>	0
<ACCUMULATED-GAINS-PRIOR>	0
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<OVERDIST-NET-GAINS-PRIOR>	(1,676,563)
<GROSS-ADVISORY-FEES>	3,853,095
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	8,832,731
<AVERAGE-NET-ASSETS>	304,848,668
<PER-SHARE-NAV-BEGIN>	10.36
<PER-SHARE-NII>	.18
<PER-SHARE-GAIN-APPREC>	.61
<PER-SHARE-DIVIDEND>	0
<PER-SHARE-DISTRIBUTIONS>	(.19)
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<EXPENSE-RATIO>	1.81
<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 Fund Class M AND IS QUALIFIED 
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                   <C>
<PERIOD-TYPE>                         OTHER
<FISCAL-YEAR-END>	OCT-31-95
<PERIOD-END>	APR-30-96
<INVESTMENTS-AT-COST >1,090,227,428	    
<INVESTMENTS-AT-VALUE>	1,197,688,791
<RECEIVABLES>	25,421,880
<ASSETS-OTHER>	0
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	1,223,110,671
<PAYABLE-FOR-SECURITIES>	13,601,163
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	5,199,907
<TOTAL-LIABILITIES>	18,801,070
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	1,043,902,682
<SHARES-COMMON-STOCK>	323,525
<SHARES-COMMON-PRIOR>	184,763
<ACCUMULATED-NII-CURRENT>	0
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<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	107,461,363
<NET-ASSETS>	1,204,309,601
<DIVIDEND-INCOME>	25,047,406
<INTEREST-INCOME>	6,088,273
<OTHER-INCOME>	0
<EXPENSES-NET>	8,652,802
<NET-INVESTMENT-INCOME>	22,482,877
<REALIZED-GAINS-CURRENT>	55,592,517
<APPREC-INCREASE-CURRENT>	14,005,927
<NET-CHANGE-FROM-OPS>	92,081,321
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	(54,072)
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	288,238
<NUMBER-OF-SHARES-REDEEMED>	(153,896)
<SHARES-REINVESTED>	4,420
<NET-CHANGE-IN-ASSETS>	30,661,712
<ACCUMULATED-NII-PRIOR>	0
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	0
<OVERDIST-NET-GAINS-PRIOR>	(1,676,563)
<GROSS-ADVISORY-FEES>	3,853,095
<INTEREST-EXPENSE>	0
<GROSS-EXPENSE>	8,832,731
<AVERAGE-NET-ASSETS>	1,550,307
<PER-SHARE-NAV-BEGIN>	10.38
<PER-SHARE-NII>	.21
<PER-SHARE-GAIN-APPREC>	.61
<PER-SHARE-DIVIDEND>	0
<PER-SHARE-DISTRIBUTIONS>	(.21)
<RETURNS-OF-CAPITAL>	0
<PER-SHARE-NAV-END>	10.99
<EXPENSE-RATIO>	1.56
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0
        


</TABLE>


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