<PAGE> PAGE 1
000 A000000 03/31/95
000 C000000 0000830622
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 PUTNAM MASTER INTERMEDIATE INCOME TRUST
001 B000000 811-5498
001 C000000 6172921562
002 A000000 ONE POST OFFICE SQUARE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 PUTNAM INVESTMENT MANAGMENT INC.
008 B000001 A
008 C000001 801-7974
008 D010001 BOSTON
008 D020001 MA
008 D030001 02109
012 A000001 PUTNAM INVESTOR SERVICES
012 B000001 84-401299
012 C010001 BOSTON
012 C020001 MA
012 C030001 02109
015 A000001 BOSTON SAFE DEPOSIT AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02106
015 E010001 X
018 000000 Y
019 A000000 Y
<PAGE> PAGE 2
019 B000000 86
019 C000000 PUTNAMFUND
020 A000001 GENESIS MERCHANT GROUP
020 C000001 3
020 A000002 TIEDEMANN
020 C000002 3
020 A000003 PAINE WEBBER
020 B000003 13-2638166
020 C000003 1
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 7
022 A000001 LEHMAN BROTHERS
022 B000001 13-2518466
022 C000001 294977
022 D000001 49616
022 A000002 GOLDMAN SACHS
022 B000002 13-1088800
022 C000002 265766
022 D000002 72806
022 A000003 JP MORGAN
022 B000003 13-3224016
022 C000003 261305
022 D000003 10886
022 A000004 SALOMON BROTHERS
022 B000004 13-3082694
022 C000004 47799
022 D000004 51003
022 A000005 DONALDSON LUFKIN & JENRETTE
022 B000005 13-2741729
022 C000005 20644
022 D000005 24021
022 A000006 MERRILL LYNCH
022 B000006 13-5674085
022 C000006 25560
022 D000006 15797
022 A000007 FIRST BOSTON CORP
022 B000007 13-5659485
022 C000007 16359
022 D000007 14679
022 A000008 BEAR STEARNS
022 B000008 13-4946705
022 C000008 12714
022 D000008 16188
022 A000009 MORGAN STANLEY
022 B000009 13-2655998
<PAGE> PAGE 3
022 C000009 12123
022 D000009 14950
022 A000010 BT SECURITIES
022 B000010 13-3311934
022 C000010 15453
022 D000010 175
023 C000000 972700
023 D000000 270121
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
027 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
028 G030000 0
028 G040000 0
028 H000000 0
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
<PAGE> PAGE 4
031 B000000 0
032 000000 0
033 000000 0
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 500000
048 A020000 0.750
048 B010000 500000
048 B020000 0.650
048 C010000 500000
048 C020000 0.600
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 1500000
048 K020000 0.550
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
<PAGE> PAGE 5
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 N
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 N
060 A000000 Y
060 B000000 Y
061 000000 0
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 4.7
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.3
062 J000000 0.0
062 K000000 0.0
062 L000000 5.0
062 M000000 16.7
062 N000000 18.4
062 O000000 0.0
062 P000000 33.8
062 Q000000 19.2
062 R000000 2.1
063 A000000 0
063 B000000 0.0
064 A000000 Y
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
<PAGE> PAGE 6
070 C010000 Y
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 Y
070 E020000 Y
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 Y
070 Q010000 Y
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 298085
071 B000000 300325
071 C000000 291569
071 D000000 102
072 A000000 6
072 B000000 14666
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 1159
072 G000000 4
072 H000000 0
072 I000000 124
072 J000000 -74
072 K000000 49
072 L000000 0
072 M000000 7
072 N000000 6
072 O000000 0
<PAGE> PAGE 7
072 P000000 0
072 Q000000 0
072 R000000 28
072 S000000 9
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 105
072 X000000 1417
072 Y000000 0
072 Z000000 13249
072AA000000 0
072BB000000 12120
072CC010000 8194
072CC020000 0
072DD010000 12384
072DD020000 0
072EE000000 0
073 A010000 0.3200
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 71
074 B000000 14740
074 C000000 15834
074 D000000 301209
074 E000000 1515
074 F000000 3916
074 G000000 0
074 H000000 588
074 I000000 0
074 J000000 25977
074 K000000 0
074 L000000 8117
074 M000000 0
074 N000000 371967
074 O000000 51192
074 P000000 603
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 241
074 R040000 5696
074 S000000 0
074 T000000 314235
074 U010000 39005
074 U020000 0
074 V010000 8.06
074 V020000 0.00
074 W000000 0.0000
074 X000000 4630
<PAGE> PAGE 8
074 Y000000 0
075 A000000 0
075 B000000 310512
076 000000 7.12
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
080 A000000 FEDERAL INSURANCE COMPANY
080 B000000 NATIONAL UNION FIRE INSURANCE COMPANY
080 C000000 500000
081 A000000 Y
081 B000000 69
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
087 A010000 SHARES OF BENEFICIAL INTEREST
087 A020000 74690910-0
087 A030000 PIM
088 A000000 N
088 B000000 N
<PAGE> PAGE 9
088 C000000 N
088 D000000 N
SIGNATURE GORDON H. SILVER
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM Putnam Master Intermediate AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> SEMI
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 344,598,658
<INVESTMENTS-AT-VALUE> 337,802,448
<RECEIVABLES> 34,093,544
<ASSETS-OTHER> 70,810
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 371,966,802
<PAYABLE-FOR-SECURITIES> 51,191,560
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,540,284
<TOTAL-LIABILITIES> 57,731,844
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 363,176,669
<SHARES-COMMON-STOCK> 39,005,338
<SHARES-COMMON-PRIOR> 39,005,338
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (33,497,569)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (7,288,379)
<NET-ASSETS> 314,234,958
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 14,666,155
<OTHER-INCOME> 0
<EXPENSES-NET> 1,417,063
<NET-INVESTMENT-INCOME> 13,249,092
<REALIZED-GAINS-CURRENT> (12,119,780)
<APPREC-INCREASE-CURRENT> 8,193,876
<NET-CHANGE-FROM-OPS> 9,323,188
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (12,384,068)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (3,060,880)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (21,377,789)
<OVERDISTRIB-NII-PRIOR> (9,020,787)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,158,649
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,417,063
<AVERAGE-NET-ASSETS> 310,511,713
<PER-SHARE-NAV-BEGIN> 8.13
<PER-SHARE-NII> .34
<PER-SHARE-GAIN-APPREC> (.09)
<PER-SHARE-DIVIDEND> (.32)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.06
<EXPENSE-RATIO> .46
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
