CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the incorporation by reference in this
Post-Effective Amendment No. 107 to the registration statement on Form
N-1A (File No. 2-13644) ("Registration Statement") of our report dated
December 5, 2003, relating to the financial statements and financial
highlights appearing in the October 31, 2003, Annual Report of The
Putnam Fund for Growth and Income, which are also incorporated by
reference in the Registration Statement.  We also consent to the
references to us under the headings "Financial highlights" and
"Independent Auditors and Financial Statements" in such Registration
Statement.

/s/PricewaterhouseCoopers LLP

Boston, Massachusetts
March 1, 2004