Putnam Convertible Securities Fund – ‘486A24E’ on 12/30/94 – EX-99.B10OPINCOUNS

As of:  Friday, 12/30/94   ·   Accession #:  81247-94-25   ·   File #s:  2-43384, 2-43384

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Post-Effective Amendment to an N-2   —   Form N-2
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 486A24E     Pea#32                                               143±   624K 
12: EX-27.CLASSAƒ Financial Data Schedules                             1      5K 
13: EX-27.CLASSBƒ Financial Data Schedules                             1      5K 
 7: EX-99.B10OPINCOUNS  24E Counsel Opinion                            2     12K 
 9: EX-99.B14RETMTPLAN  Basic Plan                                   385±  1.33M 
 8: EX-99.B14RETMTPLAN  Ira Plan                                      15±    63K 
10: EX-99.B1512B1PLAN  Class M Distribution Plan                       3±    13K 
11: EX-99.B16PERFQUOT  Computation of Performance                      2      8K 
 2: EX-99.B2BYLAWS  Bylaws                                            11±    45K 
 4: EX-99.B2BYLAWS  Portions of Bylaws                                 4±    18K 
 6: EX-99.B6DISTRCONTR  Distributor's Contract                         5±    26K 
 3: EX-99.B9OTHCONTRCT  Class M Share Certificate                      1      7K 
 5: EX-99.B9OTHCONTRCT  Management Contract                            6±    25K 

EX-99.B10OPINCOUNS   —   24E Counsel Opinion

EX-99.B10OPINCOUNS
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Exhibit 6                                                                       

ROPES & GRAY      
One International Place       
Boston, Massachusetts 02110-2624      
(617) 951-7000      

     December 29, 1994

Putnam Convertible Income-Growth Trust (the "Fund")                             
One Post Office Square                                                          
Boston, Massachusetts 02109                                                     

Gentlemen:                                                                      

You have informed us that you propose to offer and sell from            
time to time 5,343,409 of your shares of beneficial interest (the               
"Shares"), for cash or securities at the net asset value per                    
share, determined in accordance with your Bylaws, which Shares                  
are in addition to your shares of beneficial interest which you                 
have previously offered and sold or which you are currently                     
offering.                                                                       

We have examined copies of (i) your Agreement and                       
Declaration of Trust as on file at the office of the Secretary of               
State of The Commonwealth of Massachusetts, which provides for an               
unlimited number of authorized shares of beneficial interest, and               
(ii) your Bylaws, which provide for the issue and sale by the                   
Fund of such Shares.                                                            

We assume that appropriate action will be taken to register             
or qualify the sale of the Shares under any applicable state and                
federal laws regulating offerings and sales of securities.                      

Based upon the foregoing, we are of the opinion that:                   

1.   The Fund is a legally organized and validly existing               
voluntary association with transferable shares of beneficial                    
interest under the laws of The Commonwealth of Massachusetts and                
is authorized to issue an unlimited number of shares of                         
beneficial interest.                                                            

2.   Upon the issue of any of the Shares referred to in the             
first paragraph hereof for cash or securities at net asset value,               
and the receipt of the appropriate consideration therefor as                    
provided in your Bylaws, such Shares so issued will be validly                  
issued, fully paid and nonassessable by the Fund.                               

EX-99.B10OPINCOUNS
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ROPES & GRAY                                                                    

PUTNAM CONVERTIBLE INCOME-GROWTH TRUST      December 29, 1994                   

The Fund is an entity of the type commonly known as a                   
"Massachusetts business trust".  Under Massachusetts law,                       
shareholders could, under certain circumstances, be held                        
personally liable for the obligations of the Fund.  However, the                
Agreement and Declaration of Trust disclaims shareholder                        
liability for acts or obligations of the Fund and requires that                 
notice of such disclaimer be given in each agreement, obligation                
or instrument entered into or executed by the Fund or its                       
Trustees.  The Agreement and Declaration of Trust provides for                  
indemnification out of the property of the Fund for all loss and                
expense of any shareholder of the Fund held personally liable for               
the obligations of the Fund solely by reason of his being or                    
having been a shareholder.  Thus, the risk of a shareholder's                   
incurring financial loss on account of shareholder liability is                 
limited to circumstances in which the Fund itself would be unable               
to meet its obligations.                                                        

We understand that this opinion is to be used in connection             
with the registration of the Shares for offering and sale                       
pursuant to the Securities Act of 1933, as amended, and the                     
provisions of Rule 24e-2 under the Investment Company Act of                    
1940, as amended.  We consent to the filing of this opinion with                
and as a part of Post-Effective Amendment No. 32 to your                        
Registration Statement No. 2-43384.                                             

     Very truly yours,

Ropes & Gray

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘486A24E’ Filing		Date		First		Last			Other Filings
Filed on:		12/30/94
		12/29/94		1		2			N-30D,  NSAR-B
									List all Filings

5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/26/24  Putnam Conv Securities Fund       485BPOS     2/29/24   28:6.2M                                   McMunn Assocs Inc./FA
 2/28/23  Putnam Conv Securities Fund       485BPOS     2/28/23   22:4.9M                                   McMunn Assocs Inc./FA
 2/23/22  Putnam Conv Securities Fund       485BPOS     2/28/22   26:5.4M                                   McMunn Assocs Inc./FA
 2/26/21  Putnam Conv Securities Fund       485BPOS     2/28/21   23:4.1M                                   McMunn Assocs Inc./FA
 2/26/21  Putnam Conv Securities Fund       485BPOS     2/28/21   23:4.7M                                   McMunn Assocs Inc./FA