PUTNAM MASTER INTERMEDIATE INCOME TRUST — Director's Dealing 2007

Oct 3, 2007

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: PUTNAM MASTER INTERMEDIATE INCOME TRUST (pim)
CIK: 0000830622
Period of Report: 2007-09-30

Reporting Person: CURTIS B CHARLES (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-30	Closed-end fund	J	0.975	$6.41	Acquired	119.679	Direct

Footnotes

F1: Dividends reinvested for fiscal year ended 9/30/07

F2: price as of 9/30/07