EX-99

Report of Independent Registered Public Accounting Firm

The Board of Trustees and Shareholders
Putnam Convertible Income Growth Trust
In planning and performing our audits of the financial statements
of the Putnam Convertible Income Growth Trust, for the year ended
October 31, 2004, we considered its internal control, including
control activities for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing
our opinion on the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on internal
control.
The management of the Putnam Convertible Income Growth Trust is
responsible for establishing and maintaining internal control.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of controls.  Generally, controls that are relevant
to an audit pertain to the entitys objective of preparing
financial statements for external purposes that are fairly
presented in conformity with accounting principles generally
accepted in the United States of America.  Those controls include
the safeguarding of assets against unauthorized acquisition, use,
or disposition.
Because of inherent limitations in internal control, error or
fraud may occur and not be detected.  Also, projection of any
evaluation of internal control to future periods is subject to
the risk that it may become inadequate because of changes in
conditions or that the effectiveness of the design and operation
may deteriorate.
Our consideration of internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under the standards of the Public Company Accounting
Oversight Board (United States).  A material weakness is a
significant deficiency, or combination of significant
deficiencies, that results in more than a remote likelihood that
a material misstatement of the annual or interim financial
statements will not be prevented or detected.  However, we noted
no matters involving internal control and its operation,
including controls for safeguarding securities, that we consider
to be material weaknesses as defined above as of October 31,
2004.
This report is intended solely for the information and use of
management and the Board of Trustees of the Putnam Convertible
Income Growth Trust and the Securities and Exchange Commission
and is not intended to be and should not be used by anyone other
than these specified parties.
/s/ KPMG LLP
Boston, Massachusetts
December 10, 2004

EX-99

Putnam Convertible Income and Growth Trust, October 31, 2004,
annual report

Because the electronic format for filing Form N-SAR does not
provide adequate space for responding to certain items
correctly, the correct answers are as follows:

53A	For the period ended October 31, 2004, Putnam Management
has assumed $32,272 of legal, shareholder servicing and
communication, audit and Trustee fees incurred by the fund in
connection with certain legal and regulatory matters (including
those described in Note 6).

72DD1 		Class A	19,662
		Class B	2,827
		Class C	241

72DD2		Class M	207
		Class R	0
		Class Y	1,156

73A1		Class A	0.536
		Class B	0.408
		Class C	0.423

74A2		Class M	0.450
		Class R	0.509
		Class Y	0.578

74U1		Class A	35,690
		Class B	6,060
		Class C	702

74U2		Class M	412
		Class R	3
		Class Y	1,815

74V1		Class A	16.60
		Class B	16.34
		Class C	16.50

74V2		Class M	16.48
		Class R	16.60
		Class Y	16.60

EX-99

Exhibit 77 I

Creation of additional class of shares

The Putnam Convertible Income Growth Trust added Class R
shares effective December 1, 2003.

EX-99

Regulatory matters and litigation

On April 8, 2004, Putnam Management entered into agreements with
the Securities and Exchange Commission and the Massachusetts
Securities Division representing a final settlement of all
charges brought against Putnam Management by those agencies on
October 28, 2003 in connection with excessive short-term trading
by Putnam employees and, in the case of the charges brought by
the Massachusetts Securities Division, by participants in some
Putnam-administered 401(k) plans.  The settlement with the SEC
requires Putnam Management to pay $5 million in disgorgement
plus a civil monetary penalty of $50 million, and the settlement
with the Massachusetts Securities Division requires Putnam
Management to pay $5 million in restitution and an
administrative fine of $50 million.  The settlements also leave
intact the process established under an earlier partial
settlement with the SEC under which Putnam Management agreed to
pay the amount of restitution determined by an independent
consultant, which may exceed the disgorgement and restitution
amounts specified above, pursuant to a plan to be developed by
the independent consultant.

Putnam Management, and not the investors in any Putnam fund,
will bear all costs, including restitution, civil penalties and
associated legal fees stemming from both of these proceedings.
The SECs and Massachusetts Securities Divisions allegations and
related matters also serve as the general basis for numerous
lawsuits, including purported class action lawsuits filed
against Putnam Management and certain related parties, including
certain Putnam funds.  Putnam Management has agreed to bear any
costs incurred by Putnam funds in connection with these
lawsuits.  Based on currently available information, Putnam
Management believes that the likelihood that the pending private
lawsuits and purported class action lawsuits will have a
material adverse financial impact on the fund is remote, and the
pending actions are not likely to materially affect its ability
to provide investment management services to its clients,
including the Putnam funds.

The fund may experience increased redemptions as a result of
these matters, which could result in increased transaction costs
and operating expenses.

Putnam Management has negotiated an offer of settlement with the
staff of the SEC, which the staff has agreed to recommend to the
Commissioners of the SEC.  The offer of settlement would resolve
matters arising out of the SECs investigation of Putnam
Managements brokerage practices. The settlement would involve
the alleged failure by Putnam Management to adequately disclose
its practices relating to the allocation of brokerage on
portfolio transactions to broker-dealers who sold shares of
Putnam mutual funds.  Putnam Management ceased directing
brokerage to broker-dealers in connection with the sale of fund
shares as of January 1, 2004.  Under the offer of settlement,
Putnam Management would pay a civil penalty in the amount of $40
million and disgorgement in the amount of one dollar ($1).  The
total amount of the payment would be paid to certain Putnam
funds, pursuant to a distribution plan to be submitted to the
SEC.   The settlement remains subject to final documentation and
approval by the Commissioners of the SEC.