PUTNAM MASTER INTERMEDIATE INCOME TRUST
NSAR-B, 1997-11-26
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<PAGE>      PAGE  1
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001 A000000 PUTNAM MASTER INTERMEDIATE INCOME TRUST
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<PAGE>      PAGE  2
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<PAGE>      PAGE  3
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SIGNATURE   PAUL BUCAVALAS                               
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Putnam Master Intermediate Income Trust
</LEGEND>
<SERIES>
   <NUMBER> 1
   <NAME> CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               SEP-30-1997
<INVESTMENTS-AT-COST>                      340,742,208
<INVESTMENTS-AT-VALUE>                     351,292,829
<RECEIVABLES>                               28,034,288
<ASSETS-OTHER>                               1,017,503
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             380,344,620
<PAYABLE-FOR-SECURITIES>                    26,058,455
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   16,622,602
<TOTAL-LIABILITIES>                         42,681,057
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   354,365,606
<SHARES-COMMON-STOCK>                       38,435,338
<SHARES-COMMON-PRIOR>                       38,737,138
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                     (6,853,337)
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (19,499,422)
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<NET-ASSETS>                               337,663,563
<DIVIDEND-INCOME>                              252,156
<INTEREST-INCOME>                           27,895,983
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               3,354,242
<NET-INVESTMENT-INCOME>                     24,793,897
<REALIZED-GAINS-CURRENT>                     (114,517)
<APPREC-INCREASE-CURRENT>                    7,551,885
<NET-CHANGE-FROM-OPS>                       32,321,265
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (24,795,303)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
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<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                    (1,968,520)
<OVERDIST-NET-GAINS-PRIOR>                (24,289,437)
<GROSS-ADVISORY-FEES>                        2,490,608
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<GROSS-EXPENSE>                              3,444,892
<AVERAGE-NET-ASSETS>                       332,088,948
<PER-SHARE-NAV-BEGIN>                             8.58
<PER-SHARE-NII>                                    .64
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<EXPENSE-RATIO>                                   1.04
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</TABLE>


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