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<SEC-DOCUMENT>0000928816-09-000808.txt : 20090803
<SEC-HEADER>0000928816-09-000808.hdr.sgml : 20090801
<ACCEPTANCE-DATETIME>20090803125153
ACCESSION NUMBER:		0000928816-09-000808
CONFORMED SUBMISSION TYPE:	N-PX
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20090630
FILED AS OF DATE:		20090803
DATE AS OF CHANGE:		20090803
EFFECTIVENESS DATE:		20090803

FILER:

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

	FILING VALUES:
		FORM TYPE:		N-PX
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05498
		FILM NUMBER:		09979523

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQ
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		6172921562

	MAIL ADDRESS:	
		STREET 1:		ONE POST OFFICE SQ
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-PX
<SEQUENCE>1
<FILENAME>masterintermediate59_npx.htm
<DESCRIPTION>PUTNAM MASTER INTERMEDIATE INCOME TRUST
<TEXT>

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     <TD colSpan=3 noWrap align=center><B><FONT size=5 face=sans-serif>UNITED STATES</FONT></B>&nbsp;</TD></TR>
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     <TD colSpan=3 align=center>&nbsp;</TD></TR>
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     <TD colSpan=3 noWrap align=center><B><FONT size=5 face=sans-serif>SECURITIES AND EXCHANGE COMMISSION</FONT></B>&nbsp;</TD></TR>
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     <TD colSpan=3 noWrap align=center><B><FONT size=2 face=sans-serif>Washington, DC 20549</FONT></B>&nbsp;</TD></TR>
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     <TD colSpan=3 align=center>&nbsp;</TD></TR>
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     <TD colSpan=3 noWrap align=center><B><FONT size=5 face=sans-serif>FORM N-PX</FONT></B>&nbsp;</TD></TR>
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     <TD colSpan=3 align=center>&nbsp;</TD></TR>
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     <TD colSpan=3 noWrap align=center><B><FONT size=2 face=sans-serif>ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED</FONT></B>&nbsp;</TD></TR>
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     <TD colSpan=3 noWrap align=center><B><FONT size=2 face=sans-serif>MANAGEMENT INVESTMENT COMPANY</FONT></B>&nbsp;</TD></TR>
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     <TD colSpan=3>&nbsp;</TD></TR>
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     <TD colSpan=2 noWrap align=left><FONT size=2 face=sans-serif>Investment Company Act File Number :</FONT>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=2 face=sans-serif>811-5498</FONT></B>&nbsp;</TD></TR>
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     <TD colSpan=3>&nbsp;</TD></TR>
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     <TD noWrap align=left><FONT size=2 face=sans-serif>Name of Registrant:</FONT>&nbsp;</TD>
     <TD colSpan=2 noWrap align=left><B><FONT size=4 face=sans-serif>Putnam Master Intermediate Income Trust</FONT></B>&nbsp;</TD></TR>
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     <TD colSpan=3>&nbsp;</TD></TR>
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     <TD colSpan=2 noWrap align=left><FONT size=2 face=sans-serif>Address of Principal Executive Offices:</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
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     <TD noWrap align=left>&nbsp;</TD>
     <TD colSpan=2 noWrap align=left><B><FONT size=2 face=sans-serif>One Post Office Square</FONT></B>&nbsp;</TD></TR>
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     <TD noWrap align=left>&nbsp;</TD>
     <TD colSpan=2 noWrap align=left><B><FONT size=2 face=sans-serif>Boston, Massachusetts 02109</FONT></B>&nbsp;</TD></TR>
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     <TD colSpan=2 noWrap align=left><FONT size=2 face=sans-serif>Name and address of agent of service:</FONT>&nbsp;</TD>
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     <TD noWrap align=left>&nbsp;</TD>
     <TD colSpan=2 noWrap align=left><B><FONT size=2 face=sans-serif>James P. Pappas, Vice President</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD colSpan=2 noWrap align=left><B><FONT size=2 face=sans-serif>Putnam Master Intermediate Income Trust</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD colSpan=2 noWrap align=left><B><FONT size=2 face=sans-serif>One Post Office Square</FONT></B>&nbsp;</TD></TR>
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     <TD colSpan=2 noWrap align=left><B><FONT size=2 face=sans-serif>Boston, Massachusetts 02109</FONT></B>&nbsp;</TD></TR>
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     <TD noWrap align=left><FONT size=2 face=sans-serif>CC:</FONT>&nbsp;</TD>
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     <TD colSpan=2 noWrap align=left><B><FONT size=2 face=sans-serif>John W. Gerstmayr, Esq.</FONT></B>&nbsp;</TD></TR>
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     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Ropes &amp; Gray LLP</FONT></B>&nbsp;</TD>
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     <TD colSpan=2 noWrap align=left><B><FONT size=2 face=sans-serif>One International Place</FONT></B>&nbsp;</TD></TR>
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     <TD colSpan=2 noWrap align=left><B><FONT size=2 face=sans-serif>Boston, Massachusetts 02110</FONT></B>&nbsp;</TD></TR>
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     <TD colSpan=3 noWrap align=left><FONT size=2 face=sans-serif>Registrant's telephone number including area code:</FONT>&nbsp;</TD></TR>
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     <TD noWrap align=left><B><FONT size=2 face=sans-serif>(617) 292-1000</FONT></B>&nbsp;</TD>
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     <TD colSpan=2 noWrap align=left><FONT size=2 face=sans-serif>Date of fiscal year end:</FONT>&nbsp;</TD>
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     <TD noWrap align=left><B><FONT size=2 face=sans-serif>09/30/2008</FONT></B>&nbsp;</TD>
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     <TD colSpan=2 noWrap align=left><FONT size=2 face=sans-serif>Date of reporting period:</FONT>&nbsp;</TD>
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     <TD noWrap align=left>&nbsp;</TD>
     <TD colSpan=2 noWrap align=left><B><FONT size=2 face=sans-serif>07/01/2008 - 06/30/2009</FONT></B>&nbsp;</TD></TR>
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     <TD colSpan=2 noWrap align=left><B><FONT size=2 face=sans-serif>Item 1: Proxy Voting Record</FONT></B>&nbsp;</TD>
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     <TD style="BORDER-BOTTOM: #000000 1pt solid" colSpan=2 noWrap align=left><FONT size=2 face=sans-serif>Registrant : Putnam Master Intermediate Income Trust</FONT>&nbsp;</TD>
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     <TD colSpan=2 noWrap align=left><B><FONT size=2 face=sans-serif>Abovenet, Inc.</FONT></B>&nbsp;</TD>
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     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Ticker</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Security ID:</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Meeting Date</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD colSpan=2 noWrap align=left><B><FONT size=2 face=sans-serif>Meeting Status</FONT></B>&nbsp;</TD></TR>
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     <TD noWrap align=left><FONT size=2 face=sans-serif>ABVT</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>CUSIP9 00374N107</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>06/25/2009</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Voted</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
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     <TD noWrap align=left></TD>
     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Meeting Type</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Country of Trade</FONT></B>&nbsp;</TD>
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     <TD noWrap align=left></TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Annual</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>United States</FONT>&nbsp;</TD>
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     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Issue No.</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Description</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Proponent</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Mgmt Rec</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Vote Cast</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>For/Agnst Mgmt</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left></TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>1.1</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Elect Jeffrey A. Brodsky</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Mgmt</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD></TR>
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     <TD noWrap align=left><FONT size=2 face=sans-serif>1.2</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Elect Michael J. Embler</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Mgmt</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD></TR>
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     <TD noWrap align=left><FONT size=2 face=sans-serif>1.3</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Elect William LaPerch</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Mgmt</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
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     <TD noWrap align=left><FONT size=2 face=sans-serif>1.4</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Elect Richard Postma</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Mgmt</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD></TR>
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     <TD noWrap align=left><FONT size=2 face=sans-serif>1.5</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Elect Richard L. Shorten, Jr.</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Mgmt</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD></TR>
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     <TD noWrap align=left><FONT size=2 face=sans-serif>1.6</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Elect Stuart Subotnick</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Mgmt</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD></TR>
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     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT size=2 face=sans-serif>2</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT size=2 face=sans-serif>Ratification of Auditor</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT size=2 face=sans-serif>Mgmt</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD></TR>
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     <TD colSpan=2 noWrap align=left><B><FONT size=2 face=sans-serif>ACCREDITED MTG LN TR</FONT></B>&nbsp;</TD>
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     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Ticker</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Security ID:</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Meeting Date</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD colSpan=2 noWrap align=left><B><FONT size=2 face=sans-serif>Meeting Status</FONT></B>&nbsp;</TD></TR>
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     <TD noWrap align=left><FONT size=2 face=sans-serif>CUSIP9 004375CU3</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>01/29/2009</FONT>&nbsp;</TD>
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     <TD colSpan=2 noWrap align=left><FONT size=2 face=sans-serif>Take No Action</FONT>&nbsp;</TD></TR>
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     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Meeting Type</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Country of Trade</FONT></B>&nbsp;</TD>
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     <TD noWrap align=left><FONT size=2 face=sans-serif>Consent</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>United States</FONT>&nbsp;</TD>
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     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Issue No.</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Description</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Proponent</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Mgmt Rec</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Vote Cast</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>For/Agnst Mgmt</FONT></B>&nbsp;</TD></TR>
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     <TD noWrap align=left><FONT size=2 face=sans-serif>1</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>WAIVER 1</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Mgmt</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>N/A</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>TNA</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>N/A</FONT>&nbsp;</TD></TR>
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     <TD noWrap align=left><FONT size=2 face=sans-serif>2</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>WAIVER 2</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Mgmt</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>N/A</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>TNA</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>N/A</FONT>&nbsp;</TD></TR>
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     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT size=2 face=sans-serif>3</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT size=2 face=sans-serif>WAIVER 3</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT size=2 face=sans-serif>Mgmt</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT size=2 face=sans-serif>N/A</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT size=2 face=sans-serif>TNA</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT size=2 face=sans-serif>N/A</FONT>&nbsp;</TD></TR>
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<TR vAlign=bottom>
     <TD colSpan=2 noWrap align=left><B><FONT size=2 face=sans-serif>ACCREDITED MTG LN TR</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left></TD>
     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Ticker</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Security ID:</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Meeting Date</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD colSpan=2 noWrap align=left><B><FONT size=2 face=sans-serif>Meeting Status</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left></TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>CUSIP9 004375EH0</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>08/15/2008</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD colSpan=2 noWrap align=left><FONT size=2 face=sans-serif>Take No Action</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left></TD>
     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Meeting Type</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Country of Trade</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left></TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Consent</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>United States</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left></TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Issue No.</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Description</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Proponent</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Mgmt Rec</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Vote Cast</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>For/Agnst Mgmt</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left></TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>1</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>I DIRECT THE TRUSTEE TO</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Mgmt</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>N/A</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>TNA</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>N/A</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left></TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>FULLY AND FOREVER WAIVE,</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left></TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>ANY SERVICER EVENT DEFAULT</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left></TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>AS DESCRIBED IN THE</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left></TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>ACCOMPANYING NOTICE DATED</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left></TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>JULY 18, 2008.</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR></TABLE><BR>
<HR align=center SIZE=2 width="100%" noShade>
<!--$$/page=-->
<A name="page_3"></A>
<TABLE border=0 cellSpacing=0 width="100%">
<TR>
     <TD width="20%"></TD>
     <TD width="18%"></TD>
     <TD width="28%"></TD>
     <TD width="8%"></TD>
     <TD width="8%"></TD>
     <TD width="8%"></TD>
     <TD width="8%"></TD></TR>

<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>2</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>I DIRECT THE TRUSTEE TO</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Mgmt</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>N/A</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>TNA</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>N/A</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>TERMINATE THE SERVICER AS</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>DESCRIBED IN THE</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>ACCOMPANYING NOTICE DATED</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT size=2 face=sans-serif>JULY 18, 2008.</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR>
     <TD colSpan=7>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><B><FONT size=2 face=sans-serif>ACCREDITED MTG LN TR</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Ticker</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Security ID:</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Meeting Date</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD colSpan=2 noWrap align=left><B><FONT size=2 face=sans-serif>Meeting Status</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>CUSIP9 004375CU3</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>12/10/2008</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Voted</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Meeting Type</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=2 face=sans-serif>Country of Trade</FONT></B>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Consent</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>United States</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Issue No.</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Description</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Proponent</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Mgmt Rec</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>Vote Cast</FONT></B>&nbsp;</TD>
     <TD noWrap align=left><B><FONT size=1 face=sans-serif>For/Agnst Mgmt</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>1</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>SERVICER EVENT DEFAULT AS</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Mgmt</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>N/A</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>For</FONT>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>N/A</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>DESCRIBED IN THE</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>ACCOMPANYING NOTICE DATED</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>NOVEMBER 4, 2008, ASSUMING</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>THAT A SERVICER EVENT OF</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>DEFAULT HAS OCCURRED</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>AND/OR THE POTENTIAL</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>SERVICER EVENT OF DEFAULT</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>OCCURS.</FONT>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD>
     <TD noWrap align=left>&nbsp;</TD></TR></TABLE><BR>
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<A name="page_4"></A>
<P align=left><FONT size=2 face=sans-serif>Any ballot marked 'Abstain' is considered to have been voted. Ballots marked 'Abstain' are considered to have been voted against management's recommendation if management's recommendation is 'For' or 'Against,' and for management&#146;s recommendation if management&#146;s recommendation is &#145;Abstain.&#146; Where management has recommended that shareholders 'Abstain' from voting on a ballot item, a ballot marked 'For' or 'Against' is considered to have been voted against management's recommendation to 'Abstain.'</FONT></P>
<P align=left><FONT size=2 face=sans-serif>Where management has made no recommendation on a ballot item, 'NA' is used to indicate that there is no management recommendation that a shareholder may vote 'For' or 'Against.'</FONT></P>
<P align=left><B><FONT size=2 face=sans-serif>SIGNATURES</FONT></B></P>
<P align=left><FONT size=2 face=sans-serif>Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</FONT></P>
<TABLE border=0 cellSpacing=0 width="100%">
<TR>
     <TD width="50%"></TD>
     <TD width="50%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right><FONT size=2 face=sans-serif>Registrant:&nbsp;&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT size=2 face=sans-serif>Putnam Master Intermediate Income Trust</FONT>&nbsp;</TD></TR>
<TR height=20>
     <TD noWrap align=right></TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right><FONT size=2 face=sans-serif>By:&nbsp;&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT size=2 face=sans-serif>/s/ Charles E. Porter</FONT>&nbsp;</TD></TR>
<TR height=20>
     <TD noWrap align=right></TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right><FONT size=2 face=sans-serif>Name:&nbsp;&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT size=2 face=sans-serif>Charles E. Porter</FONT>&nbsp;</TD></TR>
<TR height=20>
     <TD noWrap align=right></TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right><FONT size=2 face=sans-serif>Title:&nbsp;&nbsp;</FONT></TD>
     <TD noWrap align=left><FONT size=2 face=sans-serif>Executive Vice President, Associate Treasurer, Principal Executive Officer and</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT size=2 face=sans-serif>Compliance Liaison</FONT>&nbsp;</TD></TR>
<TR height=20>
     <TD noWrap align=right></TD>
     <TD noWrap align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right><FONT size=2 face=sans-serif>Date:&nbsp;&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT size=2 face=sans-serif>August 3, 2009</FONT>&nbsp;</TD></TR></TABLE><BR>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
