Abstract. In 1985, Odoni showed that in characteristic 0 the Galois group of the n-th iterate of the generic polynomial with degree d is as large as possible. That is, he showed that this Galois group is the n-th wreath power of the symmetric group S d . We generalize this result to positive characteristic, as well as to the generic rational function. These results can be applied to prove certain density results in number theory, two of which are presented here. This work was partially completed by the late R.W.K. Odoni in an unpublished paper.Several of the results proven in this paper were stated and proven by R.W.K. Odoni in an unpublished preprint, including the polynomial versions of the Galois theoretic results and the application presented in Section 6.2. Although the results and arguments given by Odoni in that manuscript are presented somewhat differently here, his work on this project was invaluable in the completion of this paper.