PUTNAM MASTER INTERMEDIATE INCOME TRUST — Director's Dealing 2006

Oct 13, 2006

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: PUTNAM MASTER INTERMEDIATE INCOME TRUST (pim)
CIK: 0000830622
Period of Report: 2006-09-30

Reporting Person: CURTIS B CHARLES (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-09-30	Closed-End Fund	J	1.043	$6.21	Acquired	118.704	Direct

Footnotes

F1: as of fiscal year ending 9/30/06

F2: reinvested dividends as of 9/30/06

F3: price as of 9/30/06