a_mrintinc.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act File Number : 811-5498

Name of Registrant: Putnam Master Intermediate Income Trust

Address of Principal Executive Offices:
One Post Office Square
Boston, Massachusetts 02109

Name and address of agent of service:
Beth S. Mazor, Vice President
Putnam Master Intermediate Income Trust
One Post Office Square
Boston, Massachusetts 02109

Copy to:
John W. Gerstmayr, Esq.
Ropes & Gray LLP
One International Place
Boston, Massachusetts 02110

Registrant's telephone number including area code:
(617) 292-1000

Date of fiscal year end:
09/30

Date of Reporting Period:
07/01/2005 - 06/30/2006


Item 1. Proxy Voting Record

=================== PUTNAM MASTER INTERMEDIATE INCOME TRUST ==================== 
 
 
CROWN CASTLE INTERNATIONAL CORP.         
 
Ticker:  CCI    Security ID:  228227104     
Meeting Date: MAY  25, 2006  Meeting Type: Annual     
Record Date: MAR  31, 2006           
 
#  Proposal        Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Ari Q. Fitzgerald    For  Withhold  Management 
1.2  Elect Director John P. Kelly    For  Withhold  Management 
1.3  Elect Director Robert E. Garrison, II    For  Withhold  Management 
2  Ratify Auditors      For  Abstain  Management 
 
 
-------------------------------------------------------------------------------- 
 
DOBSON COMMUNICATION CORPORATION         
 
Ticker:  DCEL    Security ID:  256069105     
Meeting Date: JUN  7, 2006  Meeting Type: Annual     
Record Date: APR  17, 2006           
 
#  Proposal        Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Everett R. Dobson    For  For  Management 
1.2  Elect Director Stephen T. Dobson    For  For  Management 
1.3  Elect Director Robert A. Schriesheim    For  For  Management 
2  Amend Omnibus Stock Plan    For  Against  Management 
3  Ratify Auditors      For  For  Management 
 
 
-------------------------------------------------------------------------------- 
 
GENESIS HEALTHCARE CORP.           
 
Ticker:  GHCI    Security ID:  37184D101     
Meeting Date: FEB  22, 2006  Meeting Type: Annual     
Record Date: JAN  6, 2006           
 
#  Proposal        Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Robert H. Fish    For  For  Management 
1.2  Elect Director Charles W. McQueary    For  For  Management 
1.3  Elect Director Charlene Connolly Quinn  For  For  Management 
 
 
-------------------------------------------------------------------------------- 
 
ION MEDIA NETWORKS INC           
 
Ticker:  ION    Security ID:  704231604     
Meeting Date: JUN  23, 2006  Meeting Type: Annual     
Record Date: APR  24, 2006           
 
#  Proposal        Mgt Rec  Vote Cast  Sponsor 


1  Elect Director Frederick M. R. Smith  For  For  Management 
2  Change Company Name    For  For  Management 
3  Increase Authorized Common Stock  For  For  Management 
4  Approve Omnibus Stock Plan  For  Against  Management 
5  Ratify Auditors    For  For  Management 
 
 
-------------------------------------------------------------------------------- 
 
IWO HOLDINGS, INC.         
 
Ticker:    Security ID:  45071TAF2     
Meeting Date: MAR 20, 2006  Meeting Type: Written Consent     
Record Date: MAR 2, 2006         
 
#  Proposal    Mgt Rec  Vote Cast  Sponsor 
1  THE PROPOSED AMENDMENTS    None  Did Not  Management 
          Vote   
 
 
-------------------------------------------------------------------------------- 
 
KNOLOGY, INC.         
 
Ticker:  KNOL  Security ID:  499183804     
Meeting Date: MAY 2, 2006  Meeting Type: Annual     
Record Date: MAR 7, 2006         
 
#  Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director O. Gene Gabbard  For  Withhold  Management 
2  Approve Omnibus Stock Plan  For  Against  Management 
 
 
-------------------------------------------------------------------------------- 
 
NORTHWESTERN CORP         
 
Ticker:  NWEC  Security ID:  668074305     
Meeting Date: JUL 14, 2005  Meeting Type: A     
Record Date: MAY 16, 2005         
 
#  Proposal    Mgt Rec  Vote Cast  Sponsor 
1.01  Elect Stephen P. Adik    For  For  Management 
1.02  Elect E. Linn Draper Jr.  For  For  Management 
1.03  Elect Jon S. Fossel    For  For  Management 
1.04  Elect Michael J. Hanson    For  For  Management 
1.05  Elect Julia L. Johnson    For  For  Management 
1.06  Elect Philip L. Maslowe    For  For  Management 
2.00  Ratify selection of auditors  For  For  Management 
 
 
-------------------------------------------------------------------------------- 
 
PUTNAM MASTER INTERMEDIATE INCOME TRUST       
 
Ticker:  PIM  Security ID:  746909100     
Meeting Date: JUN 29, 2006  Meeting Type: Annual     


Record Date:  APR 3, 2006         
 
#  Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect  Director J.A. Baxter  For  Did Not  Management 
          Vote   
1.2  Elect  Director C.B. Curtis  For  Did Not  Management 
          Vote   
1.3  Elect  Director M.R. Drucker  For  Did Not  Management 
          Vote   
1.4  Elect  Director C.E. Haldeman, Jr.  For  Did Not  Management 
          Vote   
1.5  Elect  Director J.A. Hill  For  Did Not  Management 
          Vote   
1.6  Elect  Director P.L. Joskow  For  Did Not  Management 
          Vote   
1.7  Elect  Director E.T. Kennan  For  Did Not  Management 
          Vote   
1.8  Elect  Director R.E. Patterson  For  Did Not  Management 
          Vote   
1.9  Elect  Director G. Putnam, III  For  Did Not  Management 
          Vote   
1.10  Elect  Director W.T. Stephens  For  Did Not  Management 
          Vote   
1.11  Elect  Director R.B. Worley  For  Did Not  Management 
          Vote   
2  Approve Conversion from Closed-End to  Against  Did Not  Management 
  Open-End Fund      Vote   
 
 
-------------------------------------------------------------------------------- 
 
STERLING CHEMICALS, INC.         
 
Ticker:  SCHI  Security ID:  859166100     
Meeting Date: APR 21, 2006  Meeting Type: Annual     
Record Date:  MAR 3, 2006         
 
#  Proposal    Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Richard K. Crump  For  Withhold  Management 
1.2  Elect Director Dr. Peter Ting Kai Wu  For  Withhold  Management 
2  Ratify Auditors    For  For  Management 
 
 
-------------------------------------------------------------------------------- 
 
STERLING CHEMICALS, INC.         
 
Ticker:  SCHI  Security ID: 859166AA8     
Meeting Date: APR 21, 2006  Meeting Type: Annual     
Record Date:  MAR 3, 2006         
 
#  Proposal    Mgt Rec  Vote Cast  Sponsor 
1  Elect Director John W. Gildea  For  Against  Management 
 
 
-------------------------------------------------------------------------------- 


SUN HEALTHCARE GROUP INC         
 
Ticker:  SUNH    Security ID:  866933401     
Meeting Date: OCT 31,  2005  Meeting Type: S     
Record Date: SEP 16,  2005         
 
#  Proposal      Mgt Rec  Vote Cast  Sponsor 
1.00  Approve common stock issuance  For  For  Management 
 
 
-------------------------------------------------------------------------------- 
 
SUN HEALTHCARE GROUP, INC.         
 
Ticker:  SUNH    Security ID:  866933401     
Meeting Date: MAY 25,  2006  Meeting Type: Annual     
Record Date: APR 6, 2006         
 
#  Proposal      Mgt Rec  Vote Cast  Sponsor 
1.1  Elect Director Gregory S. Anderson  For  For  Management 
1.2  Elect Director Tony M. Astorga  For  For  Management 
1.3  Elect Director Christrian K. Bement  For  For  Management 
1.4  Elect Director Michael J. Foster  For  For  Management 
1.5  Elect Director Barbara B. Kennelly  For  For  Management 
1.6  Elect Director Steven M. Looney  For  For  Management 
1.7  Elect Director Richard K. Matros  For  For  Management 
1.8  Elect Director Keith W. Pennell  For  For  Management 
1.9  Elect Director Milton J. Walters  For  For  Management 
2  Amend Omnibus Stock Plan  For  Against  Management 
3  Ratify Auditors      For  For  Management 
 
 
-------------------------------------------------------------------------------- 
 
TRAVELCENTERS OF AMERICA INC       
 
Ticker:      Security ID:  894172113     
Meeting Date: JUL 22,  2005  Meeting Type: C     
Record Date: JUL 11,  2005         
 
#  Proposal      Mgt Rec  Vote Cast  Sponsor 
1.00  Misc. management - Fund/Trust/Debtholders For    Against  Management 
 
 
-------------------------------------------------------------------------------- 
 
WHX CORP             
 
Ticker:      Security ID:  929248AB8     
Meeting Date: JUL 11,  2005  Meeting Type: C     
Record Date: JUN 14,  2005         
 
#  Proposal      Mgt Rec  Vote Cast  Sponsor 
1.00  Approve plan of reorganization  For  Did Not  Management 
            Vote   


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's recommendation if management's recommendation is 'Abstain.' 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.'

Where management has made no recommendation on a ballot item, 'None' is used to indicate that there is no management recommendation that a shareholder may vote 'For' or 'Against.'

SIGNATURES:

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.

PUTNAM MASTER INTERMEDIATE INCOME TRUST
__________________________________________________________________________
(Registrant)

By /s/ Charles E. Porter, Executive Vice President, Associate Treasurer
and Principal Executive Officer
_______________________________________________________________________
(Signature & Title)

Date: August 11, 2006