N-Q 1 gfa_nq.htm N-Q Unassociated Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM N-Q
Quarterly Schedule of Portfolio Holdings of
Registered Management Investment Company

Investment Company Act File Number: 811-00862



The Growth Fund of America, Inc.
(Exact Name of Registrant as specified in charter)

P.O. Box 7650, One Market, Steuart Tower,
San Francisco, California 94120
(Address of principal executive offices)




Registrant's telephone number, including area code: (415) 421-9360

Date of fiscal year end: August 31

Date of reporting period: May 31, 2006





Patrick F. Quan
Capital Research and Management Company
P.O. Box 7650, One Market, Steuart Tower
San Francisco, California 94120
(name and address of agent for service)


Copies to:
Michael Glazer
Paul, Hastings, Janofsky & Walker LLP
515 South Flower Street
Los Angeles, California 90071
(Counsel for the Registrant)

 
 
 

ITEM 1 - Schedule of Investments

 

[logo - American Funds®]
 

The Growth Fund of America®
Investment portfolio

May 31, 2006
                                                                                          unaudited

   
Market value
Common stocks — 88.55%
Shares
(000)
     
INFORMATION TECHNOLOGY — 20.50%
    
Google Inc., Class A1 
8,246,700
$3,066,288
Microsoft Corp.
106,625,000
2,415,056
Oracle Corp.1
148,658,700
2,113,927
Cisco Systems, Inc.1 
91,940,000
1,809,379
Applied Materials, Inc.2 
92,915,000
1,571,193
Taiwan Semiconductor Manufacturing Co. Ltd.
564,778,999
1,064,588
Taiwan Semiconductor Manufacturing Co. Ltd. (ADR)
30,737,700
291,086
Corning Inc.1
50,820,000
1,232,385
Samsung Electronics Co., Ltd.
1,676,769
1,085,563
Texas Instruments Inc.
31,620,200
987,499
Yahoo! Inc.1 
30,950,554
977,728
Nokia Corp. (ADR)
27,494,400
590,305
Nokia Corp.
14,405,600
309,130
Linear Technology Corp.2
19,850,000
669,938
Maxim Integrated Products, Inc.2
20,836,000
640,290
Xilinx, Inc.2 
22,700,000
590,200
eBay Inc.1
17,750,000
582,377
Micron Technology, Inc.1 
31,660,000
524,290
KLA-Tencor Corp.2 
12,041,700
494,191
Symantec Corp.1 
30,500,000
475,800
Altera Corp.1,2
23,950,000
468,462
Intel Corp.
24,800,000
446,896
Microchip Technology Inc.2
12,755,000
437,496
First Data Corp.
9,350,000
431,128
Dell Inc.1 
15,010,000
380,954
International Business Machines Corp.
4,395,000
351,160
Automatic Data Processing, Inc.
7,500,000
341,025
Intuit Inc.1
5,612,500
310,315
Analog Devices, Inc.
8,716,666
294,013
Seagate Technology1
11,000,000
256,850
ASML Holding NV (New York registered)1
9,625,000
195,772
ASML Holding NV1
3,000,000
60,833
Advanced Micro Devices, Inc.1
8,000,000
247,120
Murata Manufacturing Co., Ltd.
3,524,000
226,424
CDW Corp.2 
4,000,000
223,720
Rohm Co., Ltd.
2,232,000
201,212
Flextronics International Ltd.1 
16,065,000
180,892
LG.Philips LCD Co., Ltd. (ADR)1
9,500,000
178,315
Hon Hai Precision Industry Co., Ltd.
27,365,197
176,219
Hirose Electric Co., Ltd.
1,361,200
174,556
Motorola, Inc.
8,276,500
174,551
Iron Mountain Inc.1 
4,500,000
166,230
Ceridian Corp.1
6,600,000
160,578
Hoya Corp.
4,204,000
160,124
Sabre Holdings Corp., Class A2 
7,062,811
151,144
Sun Microsystems, Inc.1 
31,346,700
146,076
Teradyne, Inc.1
8,725,000
135,848
Lam Research Corp.1 
3,000,000
134,370
AU Optronics Corp.
89,858,000
132,582
Solectron Corp.1
36,561,600
130,159
Mediatek Incorporation
10,790,434
121,599
Agere Systems Inc., Class A1
5,773,929
86,089
Paychex, Inc.
2,273,019
83,443
Fiserv, Inc.1
1,500,000
64,725
EMC Corp.1
5,000,000
64,000
National Instruments Corp.
2,250,000
63,023
Diebold, Inc.
1,400,000
59,514
Jabil Circuit, Inc.
1,640,000
57,105
   
29,165,735
     
ENERGY — 14.35%
    
Schlumberger Ltd.
42,166,000
2,764,825
Suncor Energy Inc.
18,372,403
1,483,007
Canadian Natural Resources, Ltd.
26,000,700
1,369,576
Baker Hughes Inc.
14,520,000
1,253,076
Transocean Inc.1
12,649,900
1,029,322
Devon Energy Corp.
16,919,900
970,525
Halliburton Co.
11,155,000
832,051
EOG Resources, Inc.2 
12,470,000
818,780
Petro-Canada
15,885,900
721,654
ConocoPhillips
11,353,300
718,550
Cameco Corp. (Canada)
9,000,000
369,367
Cameco Corp.
6,500,000
269,620
BG Group PLC
46,516,737
618,792
Occidental Petroleum Corp.
5,665,000
561,345
OAO LUKOIL (ADR)
6,930,000
536,382
Diamond Offshore Drilling, Inc.
5,925,000
508,010
CONSOL Energy Inc.2,3 
3,700,000
326,525
CONSOL Energy Inc.2 
1,728,200
152,514
Nexen Inc.
8,506,169
473,166
Noble Corp.
6,675,000
464,113
Shell Canada Ltd.
12,041,100
437,749
Anadarko Petroleum Corp.
8,000,000
397,360
MOL Magyar Olaj- és Gázipari Rt., Class A
3,490,800
358,679
Newfield Exploration Co.1,2 
8,264,800
353,155
Smith International, Inc.
7,958,000
325,960
BJ Services Co.
7,300,000
267,545
Apache Corp.
4,050,000
262,764
Talisman Energy Inc.
13,755,000
252,954
Weatherford International Ltd.1
4,500,000
234,180
Arch Coal, Inc.
4,800,000
232,128
Norsk Hydro ASA (ADR)
7,839,000
221,060
Imperial Oil Ltd.
6,091,854
219,198
Peabody Energy Corp.
2,830,000
176,422
Murphy Oil Corp.
2,281,000
120,277
Exxon Mobil Corp.
1,900,000
115,729
ENSCO International Inc.
2,050,000
102,480
Rowan Companies, Inc.
2,200,000
87,604
   
20,406,444
     
CONSUMER DISCRETIONARY — 11.92%
    
Lowe’s Companies, Inc.2 
39,407,200
2,454,280
Target Corp.
39,985,000
1,956,066
Carnival Corp., units2 
32,725,000
1,306,055
Best Buy Co., Inc.
22,663,400
1,201,160
News Corp. Inc., Class A
46,800,000
892,476
Starbucks Corp.1
23,398,400
834,153
Harrah’s Entertainment, Inc.2 
9,823,036
746,944
Kohl’s Corp.1
12,840,000
689,380
Time Warner Inc.
33,500,000
576,535
Limited Brands, Inc.2
20,700,000
562,212
Liberty Media Holding Corp., Liberty Capital, Series A1
3,083,800
245,378
Liberty Media Holding Corp., Liberty Interactive, Series A1 
13,137,500
235,950
Comcast Corp., Class A, special nonvoting stock1
6,500,000
208,000
Comcast Corp., Class A1 
5,750,000
184,748
International Game Technology
10,129,000
377,103
IAC/InterActiveCorp1 
14,151,500
365,533
Garmin Ltd.
3,497,000
326,235
Clear Channel Communications, Inc.
9,905,000
305,074
Johnson Controls, Inc.
3,400,000
289,578
YUM! Brands, Inc.
5,300,000
267,120
Michaels Stores, Inc.2 
6,700,000
260,429
Getty Images, Inc.1,2 
3,850,000
252,829
Gap, Inc.
11,567,600
210,530
Expedia, Inc.1
14,375,000
204,269
Yamada Denki Co., Ltd.
1,900,000
194,616
Brinker International, Inc.2
5,000,000
183,500
Harley-Davidson Motor Co.
2,957,200
147,416
Toyota Motor Corp.
2,730,000
144,068
Ross Stores, Inc.
5,067,000
143,143
XM Satellite Radio Holdings Inc., Class A1 
9,558,000
137,826
Liberty Global, Inc., Class C1 
4,971,424
110,167
Liberty Global, Inc., Class A1 
1,000,000
22,930
Magna International Inc., Class A
1,701,000
131,981
Discovery Holding Co., Class A1 
8,204,400
113,795
CarMax, Inc.1 
3,488,100
110,956
Outback Steakhouse, Inc.
2,940,000
107,839
Big Lots, Inc.1,2 
6,200,000
100,564
Lennar Corp., Class A
1,500,000
71,865
TJX Companies, Inc.
3,000,000
71,130
Gentex Corp.
4,600,000
66,654
A. H. Belo Corp., Class A
3,746,500
64,740
E.W. Scripps Co., Class A
1,000,000
46,280
MGM Mirage, Inc.1 
772,200
32,015
   
16,953,522
     
HEALTH CARE — 11.90%
    
Roche Holding AG
17,200,000
2,684,802
Medtronic, Inc.
28,148,700
1,421,228
WellPoint, Inc.1 
17,345,000
1,241,555
AstraZeneca PLC (ADR)
11,072,000
586,152
AstraZeneca PLC (Sweden)
9,278,000
491,485
Cardinal Health, Inc.
14,005,000
937,075
Genentech, Inc.1
10,000,000
829,600
Eli Lilly and Co.
15,047,405
777,048
Zimmer Holdings, Inc.1 
12,000,000
726,600
Sanofi-Aventis
7,266,000
686,295
UnitedHealth Group Inc.
14,635,000
643,355
Forest Laboratories, Inc.1,2 
16,578,950
621,379
Schering-Plough Corp.
25,778,200
491,332
Biogen Idec Inc.1
8,488,725
395,829
Medco Health Solutions, Inc.1 
7,327,000
394,925
Amgen Inc.1 
5,635,000
380,870
AmerisourceBergen Corp.
7,300,000
318,207
Aetna Inc.
8,060,000
309,988
Celgene Corp.1
7,294,000
302,336
Abbott Laboratories
6,500,000
277,550
Novo Nordisk A/S, Class B
4,353,700
269,867
Gilead Sciences, Inc.1 
4,580,000
262,571
Allergan, Inc.
2,725,000
258,384
McKesson Corp.
4,900,000
242,550
Express Scripts, Inc.1 
3,031,038
222,114
Merck & Co., Inc.
6,000,000
199,740
MedImmune, Inc.1 
6,055,000
192,670
DaVita Inc.1 
2,000,000
105,920
Sepracor Inc.1
2,000,000
103,540
CIGNA Corp.
1,000,000
92,740
Lincare Holdings Inc.1 
2,200,000
82,060
AMERIGROUP Corp.1 
2,440,000
70,028
Abraxis BioScience, Inc.1 
2,200,000
63,008
Affymetrix, Inc.1 
2,000,000
55,020
ICOS Corp.1
2,700,000
54,864
IDEXX Laboratories, Inc.1 
510,000
38,979
Martek Biosciences Corp.1 
1,507,500
38,215
Chugai Pharmaceutical Co., Ltd.
1,535,100
33,060
Kinetic Concepts, Inc.1
562,100
21,866
Applera Corp. - Celera Genomics Group1
528,800
5,923
   
16,930,730
     
INDUSTRIALS — 7.93%
    
General Electric Co.
38,710,000
1,326,204
Tyco International Ltd.
45,213,900
1,225,749
Boeing Co.
12,400,000
1,032,300
United Parcel Service, Inc., Class B
11,352,100
914,412
General Dynamics Corp.
11,641,400
740,859
Illinois Tool Works Inc.
13,040,000
647,436
Southwest Airlines Co.
38,868,877
625,789
Mitsubishi Heavy Industries, Ltd.
99,485,000
439,126
Caterpillar Inc.
5,966,000
435,220
Robert Half International Inc.
7,610,000
312,314
Raytheon Co.
6,700,000
307,195
Burlington Northern Santa Fe Corp.
3,950,000
305,769
Mitsubishi Corp.
14,501,300
305,202
3M Co.
3,440,000
287,790
Lockheed Martin Corp.
3,330,000
241,392
Ryanair Holdings PLC (ADR)1 
4,300,000
210,657
Northrop Grumman Corp.
3,182,000
205,812
Monster Worldwide Inc.1
4,114,500
201,076
Cintas Corp.
4,383,200
185,672
Union Pacific Corp.
2,000,000
185,600
Deutsche Post AG
6,460,000
175,542
Allied Waste Industries, Inc.1 
14,000,000
167,020
Bombardier Inc., Class B1 
51,528,250
147,411
UAL Corp.1,2 
5,000,000
147,150
ChoicePoint Inc.1
2,750,000
122,402
Manpower Inc.
1,800,000
118,494
FedEx Corp.
1,000,000
109,270
Avery Dennison Corp.
1,598,000
94,905
JetBlue Airways Corp.1
6,216,000
64,771
   
11,282,539
     
FINANCIALS — 7.43%
    
Fannie Mae
35,628,200
1,772,503
American International Group, Inc.
23,025,200
1,399,932
Freddie Mac
17,602,300
1,056,842
Mitsubishi Estate Co., Ltd.
32,796,000
640,627
Banco Bradesco SA, preferred nominative (ADR)
20,898,300
638,443
Berkshire Hathaway Inc., Class A1
6,430
593,425
Citigroup Inc.
11,200,000
552,160
Bank of New York Co., Inc.
13,225,700
439,490
Wells Fargo & Co.
6,155,000
408,507
Mitsubishi UFJ Financial Group, Inc.
23,235
316,362
SunTrust Banks, Inc.
4,140,000
313,439
Mizuho Financial Group, Inc.
38,500
310,755
State Street Corp.
5,000,000
310,500
Mellon Financial Corp.
8,231,400
297,812
Golden West Financial Corp.
3,090,500
225,915
XL Capital Ltd., Class A
3,545,000
224,328
Marshall & Ilsley Corp.
4,400,000
199,496
ICICI Bank Ltd.
14,230,000
165,483
Chubb Corp.
3,000,000
151,590
Marsh & McLennan Companies, Inc.
5,225,000
146,457
AFLAC Inc.
3,094,300
144,813
AXIS Capital Holdings Ltd.
3,140,000
82,268
Protective Life Corp.
1,500,000
66,480
Umpqua Holdings Corp.
2,175,000
57,289
City National Corp.
675,000
49,093
   
10,564,009
     
CONSUMER STAPLES — 5.27%
    
Altria Group, Inc.
29,436,700
2,129,745
Walgreen Co.
27,536,000
1,117,962
Coca-Cola Co.
16,965,000
746,969
PepsiCo, Inc.
10,635,000
642,992
Seven & I Holdings Co., Ltd.
14,780,000
509,020
Bunge Ltd.2 
7,250,000
410,350
Anheuser-Busch Companies, Inc.
6,305,000
287,760
Avon Products, Inc.
7,477,400
237,034
Wal-Mart Stores, Inc.
4,750,000
230,137
Kirin Brewery Co., Ltd.
13,306,000
211,485
Kerry Group PLC, Class A
8,965,824
201,493
Wm. Wrigley Jr. Co.
3,762,500
172,022
Whole Foods Market, Inc.
1,949,600
126,724
IAWS Group PLC
6,175,000
110,226
SYSCO Corp.
3,000,000
91,740
Constellation Brands, Inc., Class A1
3,200,000
79,040
Procter & Gamble Co.
1,440,000
78,120
General Mills, Inc.
1,235,000
64,084
Alberto-Culver Co.
1,000,000
46,510
   
7,493,413
     
MATERIALS — 3.88%
    
Barrick Gold Corp.
36,210,000
1,108,388
Freeport-McMoRan Copper & Gold Inc., Class B2
9,596,000
537,280
Potash Corp. of Saskatchewan Inc.
5,304,000
484,255
Phelps Dodge Corp.
5,000,000
428,450
Alcoa Inc.
12,000,000
380,640
Newmont Mining Corp.
7,030,000
366,615
Rio Tinto PLC
6,156,472
341,775
Inco Ltd.
5,000,000
329,700
BHP Billiton Ltd.
15,216,661
323,506
CRH PLC
9,389,813
317,136
Monsanto Co.
3,300,000
277,728
Sealed Air Corp.2
5,289,000
272,754
USX-U.S. Steel Group
3,021,000
200,534
Newcrest Mining Ltd.
9,450,000
143,403
Dow Chemical Co.
306,900
12,236
   
5,524,400
     
TELECOMMUNICATION SERVICES — 1.83%
    
Sprint Nextel Corp., Series 1
50,554,307
1,072,257
Qwest Communications International Inc.1,2 
118,294,400
829,244
KDDI Corp.
43,000
268,630
Bharti Airtel Ltd.1 
21,000,000
166,564
Telephone and Data Systems, Inc., Special Common Shares
2,303,100
88,094
Telephone and Data Systems, Inc.
1,993,100
77,691
Embarq Corp.1
2,491,050
103,802
Broadview Networks Holdings, Inc., Class A1,3,4 
31,812
0
   
2,606,282
     
UTILITIES — 0.13%
    
Questar Corp.
2,475,000
182,383
     
     
MISCELLANEOUS — 3.41%
    
Other common stocks in initial period of acquisition
  
4,845,295
     
     
Total common stocks (cost: $96,473,429,000)
  
125,954,752
   
 
     
   
Market value
Preferred stocks — 0.00%
Shares
(000)
     
TELECOMMUNICATION SERVICES — 0.00%
    
Broadview Networks Holdings, Inc.1,3,4 
1,272
$ 583
     
     
Total preferred stocks (cost: $21,000,000)
  
583
     
     
     
     
Convertible securities — 0.00%
    
     
INFORMATION TECHNOLOGY — 0.00%
    
ProAct Technologies Corp., Series C, convertible preferred1,3,4
6,500,000
29
     
     
Total convertible securities (cost: $162,000)
  
29
     
     
     
 
Principal amount
  
Bonds & notes — 0.26%
(000)
  
     
CONSUMER DISCRETIONARY — 0.26%
    
General Motors Corp. 6.375% 2008
$ 3,375
3,088
General Motors Nova Scotia Finance Co. 6.85% 2008
10,000
9,050
General Motors Corp. 7.20% 2011
81,395
68,779
General Motors Corp. 7.125% 2013
41,960
33,043
General Motors Corp. 7.70% 2016
26,000
19,695
General Motors Corp. 8.25% 2023
10,660
8,075
General Motors Corp. 8.375% 2033
142,214
108,616
Delphi Automotive Systems Corp. 6.55% 20065 
58,190
48,152
Delphi Automotive Systems Corp. 6.50% 20095
20,000
16,500
Delphi Corp. 6.50% 20135
53,500
43,335
Delphi Automotive Systems Corp. 7.125% 20295
22,000
17,930
     
     
Total bonds & notes (cost: $347,826,000)
  
376,263
     
     
     
     
Short-term securities — 11.02%
    
     
U.S. Treasury Bills 4.456%-4.76% due 6/1-9/14/2006
3,490,050
3,463,523
Federal Home Loan Bank 4.605%-5.02% due 6/2-8/30/2006
2,398,476
2,382,517
Freddie Mac 4.49%-5.02% due 6/2-9/1/2006
2,010,801
1,997,618
Fannie Mae 4.465%-4.98% due 6/5-9/18/2006
1,009,616
1,004,414
Federal Farm Credit Banks 4.58%-4.98% due 6/8-8/31/2006
590,000
587,223
International Bank for Reconstruction and Development 4.69%-4.92% due 6/5-7/24/2006
538,100
536,487
CAFCO, LLC 4.74%-5.08% due 6/7-8/22/20063 
445,000
442,052
Bank of America Corp. 4.815%-5.11% due 6/19-8/30/2006
445,000
441,985
Edison Asset Securitization LLC 4.77%-5.08% due 6/9-8/21/20063 
250,000
248,245
General Electric Capital Services, Inc. 4.81%-4.82% due 6/5-6/9/2006
87,700
87,622
General Electric Capital Corp. 4.98%-5.03% due 7/24-8/7/2006
65,000
64,456
Park Avenue Receivables Co., LLC 4.97%-5.04% due 6/23-7/12/20063 
245,000
243,992
Preferred Receivables Funding Corp. 4.82%-5.06% due 6/5-7/18/20063
155,000
154,356
HSBC Finance Corp. 4.73%-5.10% due 6/5-9/5/2006
400,000
397,241
Variable Funding Capital Corp. 4.89%-5.04% due 7/5-7/28/20063 
398,300
395,670
Wells Fargo Bank, N.A. 4.92%-5.02% due 6/16-7/12/2006
390,000
389,995
Clipper Receivables Co., LLC 4.89%-5.01% due 6/23-7/14/20063
185,000
184,236
State Street Corp. 4.82%-5.02% due 6/6-7/31/2006
140,000
139,545
Wal-Mart Stores Inc. 4.71%-5.01% due 6/13-8/22/20063
323,428
321,801
International Lease Finance Corp. 4.85%-5.02% due 6/7-8/8/2006
216,850
215,683
AIG Funding, Inc. 4.89%-4.90% due 7/11-7/17/2006
65,000
64,616
Tennessee Valley Authority 4.655%-4.91% due 6/15-7/6/2006
161,150
160,697
Atlantic Industries 4.91%-4.92% due 7/10-7/14/20063 
133,763
133,003
Coca-Cola Co. 4.76% due 6/16/2006
25,000
24,948
American Express Credit Corp. 4.75%-4.88% due 6/5-6/28/2006
130,000
129,668
Caterpillar Financial Services Corp. 4.83%-4.94% due 6/5-6/26/2006
117,900
117,653
FCAR Owner Trust I 4.92%-5.02% due 6/15-7/6/2006
109,700
109,346
Gannett Co. 4.83%-4.90% due 6/1-6/16/20063
100,000
99,929
Private Export Funding Corp. 4.75%-4.80% due 6/8-6/15/20063 
100,000
99,838
NetJets Inc. 4.88%-4.98% due 6/6-7/12/20063
96,800
96,393
UnionBanCal Commercial Funding Corp. 4.99%-5.00% due 7/17-7/31/2006
95,000
94,326
Hershey Co. 4.83%-4.91% due 6/16-6/26/20063 
82,190
81,978
Chevron Funding Corp. 4.92%-4.97% due 6/13-7/17/2006
75,000
74,631
Three Pillars Funding, LLC 4.96%-5.11% due 7/14-8/29/20063 
72,132
71,543
IBM Capital Inc. 4.70%-4.95% due 6/9-6/26/20063
70,000
69,870
Anheuser-Busch Companies, Inc. 4.56%-4.78% due 6/1-6/22/20063 
66,443
66,363
Bank of New York Co., Inc. 4.91%-4.96% due 6/5-6/30/2006
50,000
49,880
Kimberly-Clark Worldwide Inc. 4.775% due 6/5/20063 
45,000
44,970
Scripps (E.W.) Co. 5.02%-5.03% due 7/18/20063 
41,000
40,724
Harvard University 4.81%-4.90% due 7/7/2006
40,000
39,792
BellSouth Corp. 5.00% due 7/5/20063
39,200
39,009
Concentrate Manufacturing Co. of Ireland 4.92%-4.95% due 6/9-6/20/20063
32,500
32,431
Triple-A One Funding Corp. 5.00%-5.01% due 7/28/20063
32,416
32,165
Harley-Davidson Funding Corp. 4.75%-4.87% due 6/9-6/20/20063 
29,700
29,643
Colgate-Palmolive Co. 4.90% due 6/1/20063 
25,000
24,997
Medtronic Inc. 4.91% due 6/9/20063
25,000
24,969
United Parcel Service Inc. 4.94% due 6/30/2006
25,000
24,897
3M Co. 5.02% due 8/9/2006
25,000
24,756
USAA Capital Corp. 4.98% due 8/15/2006
25,000
24,735
Wm. Wrigley Jr. Co. 5.00%-5.02% due 8/21/20063 
25,000
24,711
Target Corp. 4.96% due 6/12/2006
20,000
19,967
     
     
Total short-term securities (cost: $15,671,027,000)
  
15,671,109
     
     
Total investment securities (cost: $112,513,444,000)
  
142,002,736
Other assets less liabilities
  
236,276
     
Net assets
  
$142,239,012


1 Security did not produce income during the last 12 months.
2 The fund owns 5% or more of the outstanding voting shares of this company. See table below for additional information.
3 Purchased in a private placement transaction; resale may be limited to qualified institutional buyers; resale to the public may require registration. The total value of all such restricted securities was $3,330,027,000, which represented 2.34% of the net assets of the fund.
4 Valued under fair value procedures adopted by authority of the board of directors.
5 Company not making scheduled interest payments; bankruptcy proceedings pending.

ADR = American Depositary Receipts




Investments in affiliates
 
A company is considered to be an affiliate of the fund under the Investment Company Act of 1940 if the fund’s holdings in that company represent 5% or more of the outstanding voting shares of that company. Further details on these holdings and related transactions during the three months ended May 31, 2006, appear below.

Company
Beginning shares or principal amount
Purchases
Sales
Ending shares or principal amount
Dividend
income
(000)
Market value of affiliates at 5/31/06
(000)
             
Lowe’s Companies
33,160,400
6,246,800
—
39,407,200
$ 6,254
$ 2,454,280
Applied Materials
58,665,000
51,250,000
17,000,000
92,915,000
8,443
1,571,193
Carnival Corp.
16,750,000
15,975,000
—
32,725,000
19,375
1,306,055
Qwest Communications International
117,900,000
1,500,000
1,105,600
118.294.400
—
829,244
Qwest Capital Funding, Inc. 7.625% 2021
$25,000,000
—
$25,000,000
—
579
—
Qwest Capital Funding, Inc. 7.75% 2031
$53,800,000
—
$53,800,000
—
1,107
—
U S WEST Capital Funding, Inc. 6.50% 2018
$25,250,000
—
$25,250,000
—
544
—
U S WEST Capital Funding, Inc. 6.875% 2028
$36,000,000
—
$36,000,000
—
655
—
EOG Resources
12,430,000
40,000
—
12,470,000
1,743
818,780
Harrah’s Entertainment
8,319,036
1,504,000
—
9,823,036
10,133
746,944
Linear Technology
15,175,000
4,675,000
—
19,850,000
6,912
669,938
Maxim Integrated Products
17,640,000
3,196,000
—
20,836,000
7,127
640,290
Forest Laboratories
19,755,600
1,000,000
4,176,650
16,578,950
—
621,379
Xilinx
18,850,000
3,850,000
—
22,700,000
5,221
590,200
Limited Brands
20,700,000
—
—
20,700,000
9,315
562,212
Freeport-McMoRan Copper & Gold
9,596,000
—
—
9,596,000
22,791
537,280
KLA-Tencor
10,375,000
1,666,700
—
12,041,700
3,915
494,191
CONSOL Energy
3,700,000
—
—
3,700,000
1,554
326,525
CONSOL Energy
1,728,200
—
—
1,728,200
726
152,514
Altera
20,400,000
3,550,000
—
23,950,000
—
468,462
Microchip Technology
12,755,000
—
—
12,755,000
7,207
437,496
Bunge
3,500,000
3,750,000
—
7,250,000
3,007
410,350
Newfield Exploration
5,674,800
2,590,000
—
8,264,800
—
353,155
Sealed Air
3,384,400
1,904,600
—
5,289,000
1,502
272,754
Michaels Stores
6,700,000
—
—
6,700,000
2,010
260,429
Getty Images
—
3,850,000
—
3,850,000
—
252,829
CDW Corp.
3,500,000
500,000
—
4,000,000
—
223,720
Brinker International
5,000,000
—
—
5,000,000
1,000
183,500
Sabre Holdings
7,062,811
—
—
7,062,811
2,048
151,144
UAL Corp.
—
5,000,000
—
5,000,000
—
147,150
Big Lots
3,000,000
3,200,000
—
6,200,000
—
100,564
Abraxis BioScience*
3,800,000
—
1,600,000
2,200,000
—
—
BJ Services*
8,975,000
8,975,000
10,650,000
7,300,000
2,160
—
Burlington Resources*
20,260,000
—
20,260,000
—
5,666
—
Ceridian*
9,219,900
—
2,619,900
6,600,000
—
—
Express Scripts*
9,000,000
—
5,968,962
3,031,038
—
—
IAWS Group*
—
6,175,000
—
6,175,000
966
—
Noble*
7,585,000
430,000
1,340,000
6,675,000
801
—
Teradyne*
12,725,000
—
4,000,000
8,725,000
—
—
         
$132,761
$15,582,578
*Unaffiliated issuer at 5/31/2006
          





Federal income tax information
(dollars in thousands)
   
Gross unrealized appreciation on investment securities
$ 32,603,264
Gross unrealized depreciation on investment securities
(3,181,873)
Net unrealized appreciation on investment securities
29,421,391
Cost of investment securities for federal income tax purposes
112,581,345
   

MFGEFP-905-0706-S4567


 
ITEM 2 - Controls and Procedures

The Registrant’s Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940), that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule.

There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.


ITEM 3 - Exhibits

The certifications required by Rule 30a-2 of the Investment Company Act of 1940, as amended, and Section 302 of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto.
 

 
 
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
THE GROWTH FUND OF AMERICA, INC.
   
 
By /s/ James F. Rothenberg
 
James F. Rothenberg, Vice Chairman and PEO
   
 
Date: July 28, 2006



Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.


By /s/ James F. Rothenberg
James F. Rothenberg, Vice Chairman and PEO
 
Date: July 28, 2006



By /s/ Jeffrey P. Regal
Jeffrey P. Regal, Treasurer and PFO
 
Date: July 28, 2006