PUTNAM UTILITIES GROWTH & INCOME FUND
NSAR-A, EX-27, 2000-06-28
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Putnam Utilities Growth and Income Fund
</LEGEND>
<SERIES>
   <NUMBER> 4
   <NAME> CLASS A

<S>                             <C>
<PERIOD-TYPE>                   SEMI
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               APR-30-2000
<INVESTMENTS-AT-COST>                    1,167,187,516
<INVESTMENTS-AT-VALUE>                   1,390,833,548
<RECEIVABLES>                               19,597,575
<ASSETS-OTHER>                               2,845,244
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,413,276,367
<PAYABLE-FOR-SECURITIES>                    14,882,332
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    5,801,237
<TOTAL-LIABILITIES>                         20,683,569
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,024,729,708
<SHARES-COMMON-STOCK>                       81,824,331
<SHARES-COMMON-PRIOR>                       71,184,012
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                     (3,921,336)
<ACCUMULATED-NET-GAINS>                    148,143,212
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   223,641,214
<NET-ASSETS>                             1,392,592,798
<DIVIDEND-INCOME>                           23,532,983
<INTEREST-INCOME>                            4,896,798
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               8,982,421
<NET-INVESTMENT-INCOME>                     19,447,360
<REALIZED-GAINS-CURRENT>                   144,651,712
<APPREC-INCREASE-CURRENT>                (175,923,116)
<NET-CHANGE-FROM-OPS>                     (11,824,044)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (17,216,696)
<DISTRIBUTIONS-OF-GAINS>                  (60,522,505)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     17,036,151
<NUMBER-OF-SHARES-REDEEMED>               (11,947,601)
<SHARES-REINVESTED>                          5,551,769
<NET-CHANGE-IN-ASSETS>                   (189,154,024)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   96,809,398
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        4,456,169
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              9,148,786
<AVERAGE-NET-ASSETS>                       989,253,271
<PER-SHARE-NAV-BEGIN>                            14.06
<PER-SHARE-NII>                                    .19
<PER-SHARE-GAIN-APPREC>                          (.27)
<PER-SHARE-DIVIDEND>                             (.23)
<PER-SHARE-DISTRIBUTIONS>                        (.85)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.90
<EXPENSE-RATIO>                                    .52
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
                                                     0

</TABLE>


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