PUTNAM MASTER INTERMEDIATE INCOME TRUST — Director's Dealing 2011

Jan 11, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PUTNAM MASTER INTERMEDIATE INCOME TRUST (PIM)
CIK: 0000830622
Period of Report: 2011-01-07

Reporting Person: Reynolds Robert L (President and CEO, Putnam Investments)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-07	Closed-end Fund	P	100	$5.85	Acquired	100	Direct