SCHEDULE 14A INFORMATION

               PROXY STATEMENT PURSUANT TO SECTION 14(a)
               OF THE SECURITIES EXCHANGE ACT OF 1934
                          (Amendment No. )
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                        Filed by the Registrant                    / X /
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               Filed by a party other than the Registrant          /   /
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Check the appropriate box:

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/   / Preliminary Proxy Statement
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/   / Confidential, for Use of the Commission Only (as
----  permitted by Rule 14a-6(e)(2))
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/   / Definitive Proxy Statement
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/  /  Definitive Additional Materials
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/ X / Soliciting Material Pursuant to Sec. 240.14a-11(c) or
----  Sec. 240.14a-12

              PUTNAM MASTER INTERMEDIATE INCOME TRUST
                   PUTNAM PREMIER INCOME TRUST
         (Name of Registrant as Specified In Its Charter)

            (Name of Person(s) Filing Proxy Statement,
                    if other than Registrant)

Payment of Filing Fee (Check the appropriate box):

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/ X / No fee required
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/   / Fee computed on table below per Exchange Act Rule 14a
----  6(i)(1) and 0-11

(1) Title of each class of securities to which transaction applies:

(2) Aggregate number of securities to which transaction applies:

(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):

(4) Proposed maximum aggregate value of transaction:

(5) Total fee paid:

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/   / Fee paid previously with preliminary materials.
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/   / Check box if any part of the fee is offset as provided
----  by Exchange Act Rule 0-11(a)(2) and identify the filing for which
      the offsetting fee was paid previously.  Identify the previous filing
      by registration statement number, or the Form or Schedule and the date
      of its filing.

(1) Amount Previously Paid:

(2) Form, Schedule or Registration Statement No.:

(3) Filing Party:

(4) Date Filed:


Closed-End Fund Proxy - Q&A

The following Q&A was prepared to help you answer questions from brokers
and/or shareholders on the subject of the proxies being mailed to them for
their votes. These proxies are sent to shareholders who were shareholders
of record on March 21, 2003 for the following Putnam closed-end funds:
Master Intermediate Income Trust and Premier Income Trust.

Note: This Q&A is for internal use only.

Questions & Answers

1.What are the Trustees recommending?

2.Who is eligible to vote?

3.When is the shareholder meeting?

4.How can a shareholder submit a vote?

5.I did not receive a copy of the proxy statement. Can you send me one?

6.I misplaced my proxy card. How can another one be sent?


1. What are the Trustees recommending?

The Trustees are asking shareholders to elect the Trustees for the funds.
This vote is required and occurs on a yearly basis.

The following are the closed-end funds in which the vote is required on:

Master Intermediate Income Trust
Premier Income Trust.

2. Who is eligible to vote?

Shareholders of record at the close of business on March 21, 2003 are
eligible to vote. Each share is entitled to one vote.

3. When is the shareholder meeting?

The shareholder meeting to determine the results will be on June 12,
2003.

4. How can a shareholder submit a vote?

There are several ways to submit your vote. Your vote may be submitted by
returning the proxy card by mail or via the Internet. Internet voting
instructions are located on the proxy card.

5. I did not receive a copy of the proxy statement. Can you send me one?

Additional proxy statements may be ordered off of the literature system.

6. I misplaced my proxy card. How can another one be sent?

Additional proxy cards may be ordered via email to Tarah Soares in the
Proxy department. Shareholder information to be included is fund name,
shareholder address, and account number.

For Internal Use Only

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