PUTNAM MASTER INTERMEDIATE INCOME TRUST — Director's Dealing 2009

Nov 2, 2009

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: PUTNAM MASTER INTERMEDIATE INCOME TRUST (PIM)
CIK: 0000830622
Period of Report: 2009-09-30

Reporting Person: BAXTER JAMESON A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-09-30	Closed End Fund	J	62.564	$5.99	Acquired	568.029	Direct

Footnotes

F1: Dividends reinvested for fiscal year end 9/30/2009

F2: Price as of 9/30/2009