UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2009
Check here if Amendment [  ]; Amendment Number:


This Amendment (Check only one.):
[  ] is a restatement.

[  ] adds new holdings
entries.
Institutional Investment Manager
Filing this Report:

Name:
Pensioenfonds DSM Nederland.
Address:
P.O. Box 6500

6401 JH Heerlen

Netherlands
13F File
Number:
28-10932
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this submission.
Person Signing this Report on Behalf of Reporting Manager:
Name:
Jovan Zivkovic

Title:
Reporting
Department
Control
Phone:
0131455782305

Signature,
Place,Heerlen
July 14, 2009



Report Type (Check only one.):


[ X]        13F HOLDINGS REPORT.

[  ]        13F NOTICE.

[  ]        13F COMBINATION REPORT.
List of Other Managers Reporting for this
Manager:



FORM 13F SUMMARY PAGE  XE "FORM 13F SUMMARY PAGE"
Report Summary:
Number of Other Included
Managers:
0
Form 13F Information Table
Entry Total:
231
Form 13F Information Table
Value Total:
$542,499 (thousands)


List of Other Included
Managers:





No.  13F File Number
Name











                                            
	FORM 13F INFORMATION TABLE  XE "FORM 13F INFORMATION TABLE"


Name of issuer			title of class	ISIN		Value	Number
								in $*1000

3M CO				Equity	US88579Y1010	2.255	32.404	US
ABBOTT LABORATORIES		Equity	US0028241000	5.006	94.506	US
ADVANCED MICRO DEVICES		Equity	US0079031078	57	9.700	US
AETNA INC			Equity	US00817Y1082	1.135	28.000	US
AGILENT TECHNOLOGIES INC	Equity	US00846U1016	1.892	53.240	US
ALCOA INC			Equity	US0138171014	3.853	108.173	US
ALEXANDRIA REAL ESTATE EQUIT	Equity	US0152711091	1.587	16.300	US
ALTRIA GROUP INC		Equity	US02209S1033	2.537	123.406	US
AMB PROPERTY CORP		Equity	US00163T1097	2.429	48.205	US
AMERICAN EXPRESS CO		Equity	US0258161092	4.291	113.923	US
AMERICAN INTERNATIONAL GROUP	Equity	US0268747849	1.828	69.083	US
AMERICAN LAND LEASE INC		Equity	US0271181085	285	15.000	US
AMERIPRISE FINANCIAL INC-W/I	Equity	US03076C1062	904	22.224	US
AMGEN INC			Equity	US0311621009	4.044	85.745	US
ANALOG DEVICES			Equity	US0326541051	1.605	50.510	US
ANHEUSER-BUSCH COS INC		Equity	US0352291035	2.755	44.344	US
APACHE CORP			Equity	US0374111054	4.486	32.270	US
APARTMENT INVT & MGMT CO -A	Equity	US03748R1014	1.544	45.342	US
APPLIED MATERIALS INC		Equity	US0382221051	2.943	154.164	US
ARCHER-DANIELS-MIDLAND CO	Equity	US0394831020	2.363	70.000	US
AT&T				Equity	US00206R1023	10.028	297.643	US
AUTOMATIC DATA PROCESSING	Equity	US0530151036	906	21.625	US
AVALONBAY COMMUNITIES INC	Equity	US0534841012	3.421	38.368	US
AVIS BUDGET GROUP INC		Equity	US0537741052	67	8.000	US
AVON PRODUCTS INC		Equity	US0543031027	1.801	50.000	US
BANK OF AMERICA CORP		Equity	US0605051046	3.457	144.809	US
BANK OF NEW YORK MELLON CORP	Equity	US0640581007	4.246	112.246	US
BAXTER INTERNATIONAL INC	Equity	US0718131099	2.268	35.475	US
BOEING CO			Equity	US0970231058	1.959	29.807	US
BOSTON PROPERTIES INC		Equity	US1011211018	5.036	55.817	US
BOSTON SCIENTIFIC CORP		Equity	US1011371077	1.697	138.059	US
BRANDYWINE REALTY TRUST		Equity	US1053682035	408	25.900	US
BRE PROPERTIES  -CL A		Equity	US05564E1064	1.413	32.638	US
BRISTOL-MYERS SQUIBB CO		Equity	US1101221083	2.402	117.001	US
BROADRIDGE FINANCIAL SOL-W/I	Equity	US11133T1034	114	5.406	US
CAMDEN PROPERTY TRUST		Equity	US1331311027	986	22.269	US
CARDINAL HEALTH INC		Equity	US14149Y1082	860	16.673	US
CARNIVAL CORP			Equity	PA1436583006	1.745	52.944	US
CATERPILLAR INC			Equity	US1491231015	2.520	34.132	US
CBL & ASSOCIATES PROPERTIES	Equity	US1248301004	565	24.758	US
CBS CORP-CLASS B W/I		Equity	US1248572026	578	29.631	US
CELANESE CORP-SERIES A		Equity	US1508701034	3.105	68.000	US
CENTRAL EURO DISTRIBUTION CP	Equity	US1534351028	3.285	44.297	US
CHEVRON CORP			Equity	US1667641005	8.753	88.303	US
CHUBB CORP			Equity	US1712321017	2.451	50.000	US
CIENA CORP			Equity	US1717793095	203	8.757	US
CISCO SYSTEMS INC		Equity	US17275R1023	8.244	354.438	US
CITADEL BROADCASTING CORP	Equity	US17285T1060	7	6.066	US
CITIGROUP INC			Equity	US1729671016	1.818	108.501	US
CLOROX COMPANY			Equity	US1890541097	1.044	20.000	US
COCA-COLA CO/THE		Equity	US1912161007	5.820	111.974	US
COLGATE-PALMOLIVE CO		Equity	US1941621039	1.635	23.664	US
COLONIAL PROPERTIES TRUST	Equity	US1958721060	310	15.500	US
COMCAST CORP-CL A		Equity	US20030N1019	2.850	150.225	US
CONOCOPHILLIPS			Equity	US20825C1045	6.524	69.122	US
CONSOL ENERGY INC		Equity	US20854P1093	6.104	54.320	US
CORNING INC			Equity	US2193501051	3.155	136.895	US
CVS/CAREMARK CORP		Equity	US1266501006	6.073	153.475	US
DCT INDUSTRIAL TRUST INC	Equity	US2331531051	626	75.600	US
DEERE & CO			Equity	US2441991054	1.226	17.000	US
DELL INC			Equity	US24702R1014	1.947	89.000	US
DELPHI CORP			Equity	US2471261055	3	35.645	US
DEVELOPERS DIVERSIFIED RLTY	Equity	US2515911038	1.095	31.554	US
DIAMONDROCK HOSPITALITY CO	Equity	US2527843013	412	37.850	US
DISCOVER FINANCIAL-W/I		Equity	US2547091080	300	22.749	US
DISCOVERY MEDIA-A		Equity	US25468Y1073	601	27.363	US
DOMINION RESOURCES INC/VA	Equity	US25746U1097	1.597	33.632	US
DOUGLAS EMMETT INC		Equity	US25960P1093	1.193	54.300	US
DR PEPPER SNAPPLE GROUP-W/I	Equity	US26138E1091	955	45.531	US
DU PONT (E.I.) DE NEMOURS	Equity	US2635341090	1.678	39.112	US
DUKE ENERGY CORP		Equity	US26441C1053	678	39.015	US
DUKE REALTY CORP		Equity	US2644115055	1.202	53.524	US
EASTMAN CHEMICAL COMPANY	Equity	US2774321002	2.137	31.041	US
EBAY INC			Equity	US2786421030	1.296	47.430	US
EDUCATION REALTY TRUST INC	Equity	US28140H1041	263	22.600	US
ELECTRONIC DATA SYSTEMS CORP	Equity	US2856611049	1.129	45.822	US
ELI LILLY & CO			Equity	US5324571083	4.708	101.991	US
EMBARQ CORP			Equity	US29078E1055	397	8.394	US
EMC CORP/MASS			Equity	US2686481027	1.169	79.582	US
EMERSON ELECTRIC CO		Equity	US2910111044	1.633	33.032	US
EQUITY LIFESTYLE PROPERTIES	Equity	US29472R1086	387	8.800	US
EQUITY ONE INC			Equity	US2947521009	462	22.500	US
EQUITY RESIDENTIAL		Equity	US29476L1070	4.809	125.656	US
ESSEX PROPERTY TRUST INC	Equity	US2971781057	1.065	10.000	US
EXTRA SPACE STORAGE INC		Equity	US30225T1025	475	30.900	US
EXXON MOBIL CORP		Equity	US30231G1022	17.779	201.740	US
FAIRPOINT COMMUNICATIONS INC	Equity	US3055601047	21	2.870	US
FEDERAL REALTY INVS TRUST	Equity	US3137472060	1.947	28.218	US
FELCOR LODGING TRUST INC	Equity	US31430F1012	441	42.000	US
FIFTH THIRD BANCORP		Equity	US3167731005	172	16.851	US
FIRST INDUSTRIAL REALTY TR	Equity	US32054K1034	632	23.018	US
FIRSTENERGY CORP		Equity	US3379321074	2.323	28.220	US
FORD MOTOR CO			Equity	US3453708600	353	73.413	US
FOREST CITY ENTERPRISES-CL A	Equity	US3455501078	744	23.100	US
FOREST LABORATORIES INC		Equity	US3458381064	1.140	32.815	US
FREEPORT-MCMORAN COPPER-B	Equity	US35671D8570	4.391	37.470	US
GENERAL ELECTRIC CO		Equity	US3696041033	12.647	473.847	US
GENERAL GROWTH PROPERTIES	Equity	US3700211077	3.293	94.003	US
GENERAL MILLS INC		Equity	US3703341046	3.039	50.000	US
GOOGLE INC-CL A			Equity	US38259P5089	2.632	5.000	US
GRAMERCY CAPITAL CORP		Equity	US3848711095	28	2.419	US
HALLIBURTON CO			Equity	US4062161017	1.883	35.476	US
HARLEY-DAVIDSON INC		Equity	US4128221086	1.019	28.110	US
HCP				Equity	US40414L1098	2.589	81.393	US
HEALTH CARE REIT INC		Equity	US42217K1060	1.533	34.453	US
HEALTHCARE REALTY TRUST INC	Equity	US4219461047	931	39.182	US
HEWLETT-PACKARD CO		Equity	US4282361033	787	17.800	US
HIGHWOODS PROPERTIES INC	Equity	US4312841087	1.134	36.102	US
HOME DEPOT INC			Equity	US4370761029	1.359	58.023	US
HONEYWELL INTERNATIONAL INC	Equity	US4385161066	1.730	34.411	US
HOSPIRA INC			Equity	US4410601003	344	8.570	US
HOSPITALITY PROPERTIES TRUST	Equity	US44106M1027	1.099	44.934	US
HOST HOTELS & RESORTS INC.	Equity	US44107P1049	2.633	192.888	US
HRPT PROPERTIES TRUST		Equity	US40426W1018	532	78.643	US
IDEARC INC			Equity	US4516631086	18	7.609	US
INTEL CORP			Equity	US4581401001	5.772	268.727	US
INTERNATIONAL PAPER CO		Equity	US4601461035	560	24.038	US
INTL BUSINESS MACHINES CORP	Equity	US4592001014	9.762	82.360	US
INVESCO LTD			Equity	BMG491BT1088	1.199	50.000	US
JOHNSON & JOHNSON		Equity	US4781601046	8.530	132.573	US
JOY GLOBAL INC			Equity	US4811651086	3.412	45.000	US
JP MORGAN CHASE & CO		Equity	US46625H1005	4.835	140.922	US
KIMBERLY-CLARK CORP		Equity	US4943681035	2.986	49.943	US
KIMCO REALTY CORP		Equity	US49446R1095	2.752	79.731	US
KITE REALTY GROUP TRUST		Equity	US49803T1025	188	15.000	US
KRAFT FOODS INC-A		Equity	US50075N1046	2.430	85.399	US
KROGER CO			Equity	US5010441013	4.044	140.068	US
LASALLE HOTEL PROPERTIES	Equity	US5179421087	530	21.100	US
LIBERTY MEDIA CORP-ENT SER A	Equity	US53071M5004	8	344	US
LIBERTY MEDIA HOLD-CAP SER A	Equity	US53071M3025	1	86	US
LIBERTY MEDIA-INTERACTIVE A	Equity	US53071M1045	1.010	68.409	US
LIBERTY PROPERTY TRUST		Equity	US5311721048	1.561	47.096	US
LOCKHEED MARTIN CORP		Equity	US5398301094	3.581	36.298	US
LOWE'S COS INC			Equity	US5486611073	1.123	54.100	US
MACERICH CO/THE			Equity	US5543821012	1.706	27.452	US
MACK-CALI REALTY CORP		Equity	US5544891048	954	27.921	US
MAGUIRE PROPERTIES INC		Equity	US5597751016	234	19.200	US
MARATHON OIL CORP		Equity	US5658491064	1.120	21.600	US
MARSH & MCLENNAN COS		Equity	US5717481023	629	23.702	US
MCDONALD'S CORP			Equity	US5801351017	5.172	91.994	US
MCGRAW-HILL COMPANIES INC	Equity	US5806451093	2.713	67.626	US
MCKESSON CORP			Equity	US58155Q1031	1.163	20.800	US
MEADWESTVACO CORP		Equity	US5833341077	1.292	54.202	US
MEDAREX INC			Equity	US5839161016	352	53.213	US
MEDTRONIC INC			Equity	US5850551061	2.360	45.602	US
MERRILL LYNCH & CO INC		Equity	US5901881087	1.428	45.048	US
METLIFE INC			Equity	US59156R1086	1.055	20.000	US
MICROSOFT CORP			Equity	US5949181045	12.533	455.562	US
MOLEX INC -CL A			Equity	US6085542008	651	28.408	US
MONSANTO CO			Equity	US61166W1018	4.097	32.406	US
MONSTER WORLDWIDE INC		Equity	US6117421072	641	31.100	US
MORGAN STANLEY			Equity	US6174464486	1.641	45.498	US
MOTOROLA INC			Equity	US6200761095	1.296	176.567	US
NATIONAL OILWELL VARCO INC	Equity	US6370711011	5.501	62.000	US
NATIONAL RETAIL PROPERTIES INC	Equity	US6374171063	937	44.836	US
NATIONAL SEMICONDUCTOR CORP	Equity	US6376401039	411	20.000	US
NATIONWIDE HEALTH PPTYS INC	Equity	US6386201049	1.417	45.000	US
NOBLE CORP			Equity	CH0033347318	6.041	93.000	US
NORFOLK SOUTHERN CORP		Equity	US6558441084	2.408	38.428	US
NORTHROP GRUMMAN CORP		Equity	US6668071029	2.144	32.050	US
ORACLE CORP			Equity	US68389X1054	6.376	303.614	US
PENN REAL ESTATE INVEST TST	Equity	US7091021078	428	18.500	US
PEPSICO INC			Equity	US7134481081	8.373	131.664	US
PFIZER INC			Equity	US7170811035	6.516	372.971	US
PHILIP MORRIS INTERNATIONAL	Equity	US7181721090	6.095	123.406	US
POST PROPERTIES INC		Equity	US7374641071	607	20.393	US
PRAXAIR INC			Equity	US74005P1049	2.497	26.500	US
PROCTER & GAMBLE CO		Equity	US7427181091	8.034	132.122	US
PROLOGIS			Equity	US7434101025	5.857	107.772	US
PRUDENTIAL FINANCIAL INC	Equity	US7443201022	1.986	33.250	US
PS BUSINESS PARKS INC/CA	Equity	US69360J1079	1.002	19.426	US
PUBLIC STORAGE INC		Equity	US74460D1090	4.546	56.274	US
QUALCOMM INC			Equity	US7475251036	5.951	134.113	US
RADIOSHACK CORP			Equity	US7504381036	598	48.775	US
REALTY INCOME CORP		Equity	US7561091049	1.131	49.696	US
REGENCY CENTERS CORP		Equity	US7588491032	1.335	22.579	US
SCHERING-PLOUGH CORP		Equity	US8066051017	3.137	159.332	US
SCHLUMBERGER LTD		Equity	AN8068571086	4.707	43.812	US
SENIOR HOUSING PROP TRUST	Equity	US81721M1099	975	49.900	US
SIMON PROPERTY GROUP INC	Equity	US8288061091	7.853	87.358	US
SL GREEN REALTY CORP		Equity	US78440X1019	2.078	25.123	US
SOUTHERN CO			Equity	US8425871071	1.139	32.606	US
SPECTRA ENERGY CORP-W/I		Equity	US8475601097	561	19.507	US
SPRINT NEXTEL CORP		Equity	US8520611000	1.595	167.890	US
STARBUCKS CORP			Equity	US8552441094	1.432	91.000	US
SUN COMMUNITIES INC		Equity	US8666741041	203	11.153	US
SUN MICROSYSTEMS INC		Equity	US8668102036	1.135	104.352	US
SUNSTONE HOTEL INVESTORS INC	Equity	US8678921011	629	37.900	US
TANGER FACTORY OUTLET CENTER	Equity	US8754651060	834	23.200	US
TARGET CORP			Equity	US87612E1064	1.237	26.606	US
TAUBMAN CENTERS INC		Equity	US8766641034	1.420	29.196	US
TELEPHONE & DATA SPECIAL SHS	Equity	US8794338603	137	3.100	US
TELEPHONE AND DATA SYSTEMS	Equity	US8794331004	147	3.100	US
TERADYNE INC			Equity	US8807701029	547	49.375	US
TETRA TECHNOLOGIES INC		Equity	US88162F1057	1.304	55.000	US
TEXAS INSTRUMENTS INC		Equity	US8825081040	2.526	89.687	US
THE ST JOE COMPANY		Equity	US7901481009	374	10.900	US
THE WALT DISNEY CO.		Equity	US2546871060	2.465	78.995	US
TIME WARNER INC			Equity	US8873173038	4.998	337.701	US
TRANSOCEAN LTD			Equity	CH0048265513	3.832	25.143	US
TRAVELCENTERS OF AMERICA LLC	Equity	US8941741014	12	5.343	US
TRAVELERS COS INC./THE		Equity	US89417E1091	2.358	54.327	US
TYCO ELECTRONICS LTD-W/I	Equity	BMG9144P1059	975	27.212	US
TYCO INTERNATIONAL LTD		Equity	BMG9143X2082	1.090	27.212	US
U-STORE-IT TRUST		Equity	US91274F1049	136	11.400	US
UDR				Equity	US9026531049	1.701	75.998	US
UNITED PARCEL SERVICE-CL B	Equity	US9113121068	2.577	41.921	US
UNITED TECHNOLOGIES CORP	Equity	US9130171096	4.024	65.214	US
UNITEDHEALTH GROUP INC		Equity	US91324P1021	1.645	62.656	US
US BANCORP			Equity	US9029733048	2.305	82.654	US
UST INC				Equity	US9029111062	1.317	24.123	US
VENTAS INC			Equity	US92276F1003	2.686	63.085	US
VERIZON COMMUNICATIONS INC	Equity	US92343V1044	5.388	152.190	US
VIACOM INC-CLASS B W/I		Equity	US92553P2011	905	29.631	US
VORNADO REALTY TRUST		Equity	US9290421091	4.250	48.301	US
W.P. CAREY & CO. LLC		Equity	US92930Y1073	637	22.200	US
WACHOVIA CORP			Equity	US9299031024	1.388	89.401	US
WAL-MART STORES INC		Equity	US9311421039	10.129	180.226	US
WALGREEN CO			Equity	US9314221097	1.153	35.475	US
WASHINGTON REAL ESTATE INV	Equity	US9396531017	1.149	38.236	US
WASTE MANAGEMENT INC		Equity	US94106L1098	1.467	38.900	US
WEINGARTEN REALTY INVESTORS	Equity	US9487411038	1.132	37.336	US
WELLPOINT INC			Equity	US94973V1070	1.548	32.490	US
WELLS FARGO & COMPANY		Equity	US9497461015	3.673	154.670	US
WESTERN UNION CO-W/I		Equity	US9598021098	548	22.172	US
WEYERHAEUSER CO			Equity	US9621661043	2.710	53.000	US
WINDSTREAM CORP			Equity	US97381W1045	79	6.410	US
WYETH				Equity	US9830241009	3.467	72.295	US
WYNDHAM WORLDWIDE CORP-W/I	Equity	US98310W1080	287	16.000	US
XEROX CORP			Equity	US9841211033	2.713	200.108	US