EX-99

PricewaterhouseCoopers LLP
125 High Street
Boston, MA 02110-1707
Telephone (617) 530 5000
Facsimile (617) 530 5001

Report of Independent Registered Public Accounting Firm

To the Trustees and Shareholders of Putnam Utilities Growth and
Income Fund:

In planning and performing our audit of the financial statements
of Putnam Utilities Growth and Income Fund (the Fund) as of and
for the year ended October 31, 2005, in accordance with the
standards of the Public Company Accounting Oversight Board
(United States), we considered the Funds internal control over
financial reporting, including control activities for
safeguarding securities, as a basis for designing our auditing
procedures for the purpose of expressing our opinion on the
financial statements and to comply with the requirements of Form
N-SAR, but not for the purpose of expressing an opinion on the
effectiveness of the Funds internal control over financial
reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and
maintaining effective internal control over financial reporting.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of controls.  A funds internal control over
financial reporting is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and
the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles.  Such
internal control over financial reporting includes policies and
procedures that provide reasonable assurance regarding prevention
or timely detection of unauthorized acquisition, use or
disposition of a funds assets that could have a material effect
on the financial statements.

Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree
of compliance with the policies or procedures may deteriorate.

A control deficiency exists when the design or operation of a
control does not allow management or employees, in the normal
course of performing their assigned functions, to prevent or
detect misstatements on a timely basis. A significant deficiency
is a control deficiency, or combination of control deficiencies,
that adversely affects the Funds ability to initiate, authorize,
record, process or report external financial data reliably in
accordance with generally accepted accounting principles such
that there is more than a remote likelihood that a misstatement
of the Funds annual or interim financial statements that is more
than inconsequential will not be prevented or detected.  A
material weakness is a control deficiency, or combination of
control 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.

Our consideration of the Funds internal control over financial
reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies in
internal control over financial reporting that might be
significant deficiencies or material weaknesses under standards
established by the Public Company Accounting Oversight Board
(United States).  However, we noted no deficiencies in the Funds
internal control over financial reporting and its operation,
including controls for safeguarding securities, that we consider
to be material weaknesses as defined above as of October 31,
2005.

This report is intended solely for the information and use of
management and the Board of Trustees of Putnam Utilities Growth
and Income Fund 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/ PricewaterhouseCoopers LLP
December 6, 2005







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EX-99

840 Putnam Utilities Growth and Income Fund attachment
10/31/05 Annual

Additional Information About Errors and Omissions Policy
Item 85B

While no claims with respect to the Registrant/Series were filed
under such policy during the period, requests under such policy
for reimbursement of legal expenses and costs arising out of
claims of market timing activity in the Putnam Funds have been
submitted by the investment manager of the Registrant/Series.

EX-99

Putnam Utilities Growth and Income Fund attachment
10/31/05 annual

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, 2005, Putnam Management
has assumed $6,570 of legal, shareholder servicing and
communication, audit and Trustee fees incurred by the fund in
connection with certain legal and regulatory matters.

72DD1 	Class A	9,263
		Class B	1,062
		Class C	   52

72DD2	Class M	   60
		Class R	    3

73A1		Class A	0.208
		Class B	0.127
		Class C	0.132

73A2		Class M	0.157
		Class R	0.185

74U1		Class A	43,165
		Class B	 7,475
		Class C	   397

74U2		Class M	   358
		Class R	    20
		Class Y	   345

74V1		Class A	10.97
		Class B	10.91
		Class C	10.91

74V2		Class M	10.95
		Class R	10.96
		Class Y	10.97

EX-99

840 Putnam Utilities Growth and Income Fund attachment
10/31/05 Annual

77e

Regulatory matters and litigation

Putnam Management has entered into agreements with the
Securities and Exchange Commission  and the Massachusetts
Securities Division settling charges connected 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.  Pursuant
to these settlement agreements, Putnam Management will pay a
total of $193.5 million in penalties and restitution, with
$153.5 million being paid to shareholders and the funds. The
amount will be allocated to shareholders and funds pursuant to a
plan developed by an independent consultant, and will be paid
following approval of the plan by the SEC and the Massachusetts
Securities Division.

The Securities and Exchange Commissions 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 will bear any costs incurred by Putnam funds in
connection with these lawsuits.  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.

On March 23, 2005, Putnam Management entered into a settlement
with the Securities and Exchange Commission resolving its
inquiry into Putnam Managements alleged failure to fully and
effectively disclose a former brokerage allocation practice to
the Board of Trustees and shareholders of the Putnam Funds.
This practice, which Putnam Management ceased as of January 1,
2004, involved allocating a portion of the brokerage on mutual
fund portfolio transactions to certain broker-dealers who sold
shares of Putnam mutual funds. Under the settlement order,
Putnam Management has paid a civil penalty of $40 million and
disgorgement of $1 to the Securities and Exchange Commission.
Of these amounts, $311,551 was distributed to the fund pursuant
to a plan approved by the Securities and Exchange Commission and
is included in Other income on the Statement of operations.  As
part of the settlement, Putnam Management neither admitted nor
denied any wrongdoing.

Putnam Investments has recorded a charge of $30 million for the
estimated cost, excluding interest, that it believes will be
necessary to address issues relating to the calculation of
certain amounts paid by the Putnam mutual funds in previous
years. The previous payments were cost reimbursements by the
Putnam funds to Putnam for transfer agent services relating to
defined contribution operations.  Putnam currently anticipates
that any payments made by Putnam related to this issue will be
paid to the Putnam funds. Review of this issue is ongoing.

Putnam Management and Putnam Retail Management are named as
defendants in a civil suit in which the plaintiffs allege that
the management and distribution fees paid by certain Putnam
funds were excessive and seek recovery under the Investment
Company Act of 1940.  Putnam Management and Putnam Retail
Management have contested the plaintiffs claims and the matter
is currently pending in the U.S. District Court for the District
of Massachusetts. Based on currently available information,
Putnam Management believes that this action is without merit and
that it is unlikely to have a material effect on Putnam
Managements and Putnam Retail Managements ability to provide
services to their clients, including the fund.