PUTNAM MASTER INTERMEDIATE INCOME TRUST — Director's Dealing 2006

Mar 28, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PUTNAM MASTER INTERMEDIATE INCOME TRUST (pim)
CIK: 0000830622
Period of Report: 2006-03-27

Reporting Person: PUTNAM GEORGE III (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-27	Closed End Fund	P	1200	$6.09	Acquired	2178	Direct