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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000766524-02-000250.txt : 20020415
<SEC-HEADER>0000766524-02-000250.hdr.sgml : 20020415
ACCESSION NUMBER:		0000766524-02-000250
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020401
FILED AS OF DATE:		20020405

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM MASTER INTERMEDIATE INCOME TRUST
		CENTRAL INDEX KEY:			0000830622
		IRS NUMBER:				046584465
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05498
		FILM NUMBER:		02602931

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQ
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		6172921562
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			PUTNAM LLC
	CENTRAL INDEX KEY:			0000766524
	STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
<RELATIONSHIP>OWNER
	IRS NUMBER:				364488942
	STATE OF INCORPORATION:			DE
	FISCAL YEAR END:			1231

FILING VALUES:
	FORM TYPE:		3

BUSINESS ADDRESS:	
	STREET 1:		ONE POST OFFICE SQUARE
	CITY:			BOSTON
	STATE:			MA
	ZIP:			02109
	BUSINESS PHONE:		6172921000

MAIL ADDRESS:	
	STREET 1:		ONE POST OFFICE SQU
	CITY:			BOSTON
	STATE:			MA
	ZIP:			02109

FORMER COMPANY:	
	FORMER CONFORMED NAME:	PUTNAM INVESTMENTS INC
	DATE OF NAME CHANGE:	19930512

FORMER COMPANY:	
	FORMER CONFORMED NAME:	PUTNAM INVESTMENTS LLC
	DATE OF NAME CHANGE:	20010503
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>mastmed.txt
<TEXT>

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
																OMB APPROVAL
														OMB Number:		3235-0287
														Estimated average burden of
														Hours per response:	0.5

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section
30(f) of the Investment Company
Act of 1940.

1.	Name and Address of Reporting Person(s):


	Richard Block, Robert Bloemker, David Hamlin
	Jeffrey Knight, Andrew Matteis, James Prusko
	Putnam, LLC
	One Post Office Square
		Boston, Massachusetts

2.	Date of Event Requiring Statement: 4/1/2002

3.	I.R.S. Identification Number of Reporting Person, if an entity (Voluntary):

4.	Issuer Name and Ticker or Trading Symbol:

	Putnam Master Intermediate Income Trust  [PIM]

5.	Relationship of Reporting Person(s) to Issuer (Check all applicable):

(  )	Director									(	)	10% Owner
(  )	Officer (give officer title below)*		( x	)	Other (specify below)

		Managing Director of Issuer's Investment Adviser

6.	If Amendment, Date of Original: Month/Day/Year

7.	Individual or Joint/Group Filing (Check applicable line):

(  )	Form filed by One			( x	)	Form filed by More than One
		Reporting Person					Reporting Person

Table I:	Non-Derivative Securities Acquired, Disposed of, or Beneficially
Owned

1.	Title of Security (Instr. 3): Closed-end fund:	Putnam Master Intermediate
Income Trust

2.	Amount of Securities Beneficially Owned (Instr. 4):		N/A

3.	Ownership Form:  Direct (D) or Indirect (I) (Instr. 5):

4.	Nature of Indirect Beneficial Ownership (Instr. 5)


(Page 1 of 2 Pages)




Table II:	 Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1.	Title of Derivative Security (Instr. 4):	N/A

2.	Date Exercisable and Expiration Date (Month/Day/Year):
		Date Exercisable:			Expiration Date:

3.	Title and Amount of Securities Underlying Derivative Security (Instr. 4):
		Title:					Amount or Number of Shares:

4.	Conversion or Exercise Price of Derivative Security:

5.	Ownership Form of Derivative Security:
Direct (D) or Indirect (I) (Instr. 5):

6.	Nature of Indirect Beneficial Ownership (Instr. 5):

Explanation of Responses:



CONFIRMING STATEMENT

We, the Officers listed above, as Reporting Persons of Putnam Investment
Management, LLC and Putnam, LLC, the Issuer's Investment Adviser and Indirect
Parent Company, respectively, hereby authorize and designate Andrew J. Hachey,
Vice President of Putnam, LLC to sign and file this Form and any future Forms
3 on our behalf until further notice.

This Form is permitted to be submitted to the Commission in electronic
format at the option of the Reporting Person, pursuant to Rule 101(b)(4) of
Regulation S-T.

PUTNAM INVESTMENTS, LLC

/s/ Andrew J. Hachey
   - - - - - - - - - - - - - - - - - - - -
 	Vice President


   Date: April 5, 2002


 (Page 2 of 2 Pages)


</TEXT>
</DOCUMENT>
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