EX-99

840 Putnam Utilites Growth & Income Fund attachment
4/30/08 Semiannual

New accounting pronouncements

In June 2006, the Financial Accounting Standards Board (FASB)
issued Interpretation No. 48, Accounting for Uncertainty in
Income Taxes (the Interpretation). The Interpretation prescribes
a minimum threshold for financial statement recognition of the
benefit of a tax position taken or expected to be taken by a
filer in the filers tax return. Upon adoption, the Interpretation
did not have a material effect on the funds financial statements.
However, the conclusions regarding the Interpretation may be
subject to review and adjustment at a later date based on factors
including, but not limited to, further implementation guidance
expected from the FASB, and on-going analysis of tax laws,
regulations and interpretations thereof.

In September 2006, the FASB issued Statement of Financial
Accounting Standards No. 157, Fair Value Measurements (the
Standard). The Standard defines fair value, sets out a framework
for measuring fair value and expands disclosures about fair value
measurements. The Standard applies to fair value measurements
already required or permitted by existing standards. The Standard
is effective for fiscal years beginning after November 15, 2007
and interim periods within those fiscal years. Putnam Management
does not believe the adoption of the Standard will impact the
amounts reported in the financial statements; however, additional
disclosures will be required about the inputs used to develop the
measurements of fair value.

In March 2008, Statement of Financial Accounting Standards No.
161, Disclosures about Derivative Instruments and Hedging
Activities (SFAS 161) an amendment of FASB Statement No. 133
(SFAS 133), was issued and is effective for fiscal years
beginning after November 15, 2008. SFAS 161 requires enhanced
disclosures about how and why an entity uses derivative
instruments and how derivative instruments affect an entitys
financial position. Putnam Management is currently evaluating the
impact the adoption of SFAS 161 will have on the funds financial
statement disclosures.

EX-99

840 Putnam Utilities Growth and Income Fund attachment
4/30/08 Semiannual

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 April 30, 2008, Putnam Management has
assumed $1,072 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	4,693
		Class B	199
		Class C	32

72DD2		Class M	23
		Class R	6
		Class Y	53

73A1		Class A	0.127
		Class B	0.067
		Class C	0.073

73A2		Class M	0.089
		Class R	0.110
		Class Y	0.147

74U1		Class A	36,572
		Class B	2,746
		Class C	501

74U2		Class M	243
		Class R	57
		Class Y	372

74V1		Class A	15.24
		Class B	15.16
		Class C	15.14

74V2		Class M	15.22
		Class R	15.20
		Class Y	15.24

Item 61

Additional Information About Minimum Required Investment

Shareholders can open a fund account with as little as $500 and
make subsequent investments in any amount. The minimum investment
is waived if you make regular investments weekly, semi monthly,
or monthly through automatic deductions through your bank
checking or savings account. Currently, Putnam is waiving the
minimum, but reserves the right to reject initial investments
under the minimum.

Item 85B

Additional Information About Errors and Omissions Policy

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.