<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>acctpron074.txt
<TEXT>
074 Putnam Master Intermediate Income Trust, as of September 30,
2013 annual shareholder report


Item 77L New accounting pronouncement

In January 2013, ASU 2013 01, Clarifying the Scope of Disclosures
about Off-setting Assets and Liabilities, amended ASU No. 2011
11, Disclosures about Off-setting Assets and Liabilities. The
ASUs create new disclosure requirements requiring entities to
disclose both gross and net information for derivatives and other
financial instruments that are either off set in the Statement of
assets and liabilities or subject to an enforceable master
netting arrangement or similar agreement. The disclosure
requirements are effective for annual reporting periods beginning
on or after January 1, 2013 and interim periods within those
annual periods. Putnam Management is currently evaluating the
application of ASUs 2013-01 and 2011-11 and their impact, if any,
on the funds financial statements.

</TEXT>
</DOCUMENT>
