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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000869392-97-000296.txt : 19971124
<SEC-HEADER>0000869392-97-000296.hdr.sgml : 19971124
ACCESSION NUMBER:		0000869392-97-000296
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19971121
FILED AS OF DATE:		19971121
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM MASTER INTERMEDIATE INCOME TRUST
		CENTRAL INDEX KEY:			0000830622
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				046584465
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		
		SEC FILE NUMBER:	811-05498
		FILM NUMBER:		97726351

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQ
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		6172921000
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<DESCRIPTION>ADDITIONAL SOLICITATION MATERIAL
<TEXT>

                                   George Putnam
                                   Chairman of the Trustees

                                   The Putnam Funds
                                   One Post Office Square
                                   Boston, Massachusetts 02109



PUTNAM INVESTMENTS



November 24, 1997


Dear Shareholder:

You recently received a proxy statement requesting your vote
on important proposals.  Our records show that we have not
received your completed ballot. Your vote is important.
Please cast your ballot.  We have included another copy of
the proxy ballot and a business reply envelope for your
convenience.

Putnam Management and the Trustees believe that these
proposals would be in the best interest of shareholders.

In closing, we ask you to consider the proposals carefully.
Should you have any questions, please consult your financial
advisor or contact a Putnam customer service representative
at 1-800-225-1581.

Sincerely,

/s/ George Putnam
George Putnam

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
