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, 2010
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:
Jos Janssen

Title:
Reporting
Department
Control
Phone:
0131455782878

Signature,
Place,Heerlen
July 27, 2010



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:
196
Form 13F Information Table
Value Total:
$449,765 (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	c			ommon stock	US88579Y1010	2.710	34.310	US
ABBOTT LABORATORIES		common stock	US0028241000	4.686	100.172	US
AETNA INC			common stock	US00817Y1082	739	28.000	US
AGILENT TECHNOLOGIES INC	common stock	US00846U1016	1.602	56.349	US
AGREE REALTY CORP		common stock	US0084921008	396	17.000	US
ALCOA INC			common stock	US0138171014	1.152	114.511	US
ALEXANDRIA REAL ESTATE EQUIT	common stock	US0152711091	1.350	21.300	US
ALTRIA GROUP INC		common stock	US02209S1033	2.620	130.715	US
AMB PROPERTY CORP		common stock	US00163T1097	941	39.705	US
AMERICAN INTERNATIONAL GROUP	common stock	US0268747849	253	7.340	US
AMERIPRISE FINANCIAL INC-W/I	common stock	US03076C1062	803	22.224	US
AMGEN INC			common stock	US0311621009	4.779	90.864	US
ANALOG DEVICES			common stock	US0326541051	1.490	53.484	US
AOL INC-WHEN ISSUED		common stock	US00184X1054	225	10.839	US
APACHE CORP			common stock	US0374111054	2.876	34.157	US
APPLIED MATERIALS INC		common stock	US0382221051	1.963	163.283	US
ARCHER-DANIELS-MIDLAND CO	common stock	US0394831020	3.355	129.940	US
AVALONBAY COMMUNITIES INC	common stock	US0534841012	3.298	35.320	US
AVON PRODUCTS INC		common stock	US0543031027	1.404	52.970	US
BANK OF NEW YORK MELLON CORP	common stock	US0640581007	2.937	118.974	US
BAXTER INTERNATIONAL INC	common stock	US0718131099	1.527	37.572	US
BIOGEN IDEC INC			common stock	US09062X1037	2.373	50.000	US
BIOMED REALTY TRUST INC		common stock	US09063H1077	998	62.000	US
BOEING CO			common stock	US0970231058	3.865	61.594	US
BOSTON PROPERTIES INC		common stock	US1011211018	3.982	55.817	US
BOSTON SCIENTIFIC CORP		common stock	US1011371077	848	146.249	US
BRANDYWINE REALTY TRUST		common stock	US1053682035	278	25.900	US
BRE PROPERTIES  -CL A		common stock	US05564E1064	518	14.038	US
BRISTOL-MYERS SQUIBB CO		common stock	US1101221083	4.783	191.781	US
CAMDEN PROPERTY TRUST		common stock	US1331311027	583	14.269	US
CAMPBELL SOUP CO		common stock	US1344291091	4.479	125.000	US
CARDINAL HEALTH INC		common stock	US14149Y1082	560	16.673	US
CAREFUSION CORP			common stock	US14170T1016	189	8.336	US
CARNIVAL CORP			common stock	PA1436583006	1.695	56.042	US
CATERPILLAR INC			common stock	US1491231015	2.172	36.164	US
CBL & ASSOCIATES PROPERTIES	common stock	US1248301004	328	26.362	US
CELANESE CORP-SERIES A		common stock	US1508701034	1.792	71.937	US
CENTRAL EURO DISTRIBUTION CP	common stock	US1534351028	1.001	46.819	US
CENTURYTEL INC			common stock	US1567001060	383	11.499	US
CHEVRON CORP			common stock	US1667641005	6.348	93.542	US
CISCO SYSTEMS INC		common stock	US17275R1023	7.997	375.258	US
CLOROX COMPANY			common stock	US1890541097	1.317	21.186	US
COCA-COLA CO/THE		common stock	US1912161007	5.946	118.639	US
COLGATE-PALMOLIVE CO		common stock	US1941621039	1.975	25.071	US
COLONIAL PROPERTIES TRUST	common stock	US1958721060	225	15.500	US
COMCAST CORP-CL A		common stock	US20030N1019	2.612	159.007	US
CONOCOPHILLIPS			common stock	US20825C1045	3.594	73.207	US
CONSOL ENERGY INC		common stock	US20854P1093	1.941	57.499	US
CORNING INC			common stock	US2193501051	2.341	144.980	US
CVS/CAREMARK CORP		common stock	US1266501006	4.766	162.557	US
DCT INDUSTRIAL TRUST INC	common stock	US2331531051	660	146.100	US
DEERE & CO			common stock	US2441991054	947	17.000	US
DELL INC			common stock	US24702R1014	1.136	94.166	US
DEVON ENERGY CORPORATION	common stock	US25179M1036	2.437	40.000	US
DIAMOND OFFSHORE DRILLING	common stock	US25271C1027	1.555	25.000	US
DIAMONDROCK HOSPITALITY CO	common stock	US2527843013	593	72.155	US
DIGITAL REALTY TRUST INC	common stock	US2538681030	1.903	33.000	US
DOMINION RESOURCES INC/VA	common stock	US25746U1097	1.380	35.632	US
DOUGLAS EMMETT INC		common stock	US25960P1093	943	66.300	US
DR PEPPER SNAPPLE GROUP-W/I	common stock	US26138E1091	1.804	48.254	US
DU PONT (E.I.) DE NEMOURS	common stock	US2635341090	1.432	41.406	US
DUKE ENERGY CORP		common stock	US26441C1053	624	39.015	US
DUKE REALTY CORP		common stock	US2644115055	324	28.524	US
EASTGROUP PROPERTIES		common stock	US2772761019	623	17.500	US
EASTMAN CHEMICAL COMPANY	common stock	US2774321002	1.754	32.868	US
EBAY INC			common stock	US2786421030	985	50.225	US
ELI LILLY & CO			common stock	US5324571083	3.622	108.106	US
EMC CORP/MASS			common stock	US2686481027	1.542	84.256	US
EMERSON ELECTRIC CO		common stock	US2910111044	1.529	34.995	US
EQUITY LIFESTYLE PROPERTIES	common stock	US29472R1086	424	8.800	US
EQUITY ONE INC			common stock	US2947521009	351	22.500	US
EQUITY RESIDENTIAL		common stock	US29476L1070	4.937	118.556	US
ESSEX PROPERTY TRUST INC	common stock	US2971781057	488	5.000	US
ESTEE LAUDER COMPANIES-CL A	common stock	US5184391044	2.802	50.281	US
EXTRA SPACE STORAGE INC		common stock	US30225T1025	430	30.900	US
EXXON MOBIL CORP		common stock	US30231G1022	7.635	133.781	US
FAIRPOINT COMMUNICATIONS INC	common stock	US3055601047	0	2.870	US
FEDERAL REALTY INVS TRUST	common stock	US3137472060	2.520	35.868	US
FIRSTENERGY CORP		common stock	US3379321074	1.053	29.882	US
FLUOR CORP			common stock	US3434121022	2.252	52.981	US
FOREST LABORATORIES INC		common stock	US3458381064	953	34.758	US
FREEPORT-MCMORAN COPPER-B	common stock	US35671D8570	2.344	39.642	US
GENERAL ELECTRIC CO		common stock	US3696041033	7.240	502.052	US
GENERAL MILLS INC		common stock	US3703341046	3.763	105.936	US
GENZYME CORP - GENL DIVISION	common stock	US3729171047	2.539	50.000	US
GOOGLE INC-CL A			common stock	US38259P5089	4.183	9.400	US
GRAMERCY CAPITAL CORP		common stock	US3848711095	3	2.419	US
HALLIBURTON CO			common stock	US4062161017	2.467	100.476	US
HARLEY-DAVIDSON INC		common stock	US4128221086	625	28.110	US
HCP				common stock	US40414L1098	3.754	116.393	US
HEALTH CARE REIT INC		common stock	US42217K1060	2.336	55.453	US
HEALTHCARE REALTY TRUST INC	common stock	US4219461047	861	39.182	US
HESS CORP			common stock	US42809H1077	4.071	80.866	US
HEWLETT-PACKARD CO		common stock	US4282361033	770	17.800	US
HIGHWOODS PROPERTIES INC	common stock	US4312841087	419	15.102	US
HOME PROPERTIES INC		common stock	US4373061039	1.028	22.800	US
HONEYWELL INTERNATIONAL INC	common stock	US4385161066	1.423	36.452	US
HOSPIRA INC			common stock	US4410601003	492	8.570	US
HOSPITALITY PROPERTIES TRUST	common stock	US44106M1027	948	44.934	US
HOST HOTELS & RESORTS INC.	common stock	US44107P1049	2.662	197.498	US
HRPT PROPERTIES TRUST		common stock	US40426W1018	488	78.643	US
INTEL CORP			common stock	US4581401001	5.524	283.987	US
INTERNATIONAL PAPER CO		common stock	US4601461035	544	24.038	US
INTL BUSINESS MACHINES CORP	common stock	US4592001014	7.072	57.274	US
INVESCO LTD			common stock	BMG491BT1088	891	52.913	US
JOHNSON & JOHNSON		common stock	US4781601046	8.294	140.429	US
JOY GLOBAL INC			common stock	US4811651086	2.388	47.670	US
JP MORGAN CHASE & CO		common stock	US46625H1005	5.468	149.348	US
KIMBERLY-CLARK CORP		common stock	US4943681035	3.207	52.895	US
KIMCO REALTY CORP		common stock	US49446R1095	1.072	79.731	US
KRAFT FOODS INC-A		common stock	US50075N1046	2.533	90.457	US
KROGER CO			common stock	US5010441013	2.922	148.424	US
LASALLE HOTEL PROPERTIES	common stock	US5179421087	701	34.100	US
LIBERTY PROPERTY TRUST		common stock	US5311721048	1.359	47.096	US
MACERICH CO/THE			common stock	US5543821012	1.336	35.807	US
MACK-CALI REALTY CORP		common stock	US5544891048	830	27.921	US
MARATHON OIL CORP		common stock	US5658491064	672	21.600	US
MCDONALD'S CORP			common stock	US5801351017	6.424	97.533	US
MCGRAW-HILL COMPANIES INC	common stock	US5806451093	2.013	71.545	US
MCKESSON CORP			common stock	US58155Q1031	1.481	22.045	US
MEAD JOHNSON NUTRITION CO-A	common stock	US5828391061	1.023	20.414	US
MEADWESTVACO CORP		common stock	US5833341077	1.275	57.425	US
MEDTRONIC INC			common stock	US5850551061	1.752	48.317	US
MERCK & CO. INC.		common stock	US58933Y1055	8.581	245.381	US
METLIFE INC			common stock	US59156R1086	755	20.000	US
MICROSOFT CORP			common stock	US5949181045	11.102	482.480	US
MONSANTO CO			common stock	US61166W1018	2.281	49.357	US
MONSTER WORLDWIDE INC		common stock	US6117421072	362	31.100	US
NATIONAL OILWELL VARCO INC	common stock	US6370711011	2.174	65.734	US
NATIONAL RETAIL PROPERTIES INC	common stock	US6374171063	961	44.836	US
NATIONWIDE HEALTH PPTYS INC	common stock	US6386201049	1.610	45.000	US
NEWMONT MINING CORP		common stock	US6516391066	2.037	33.000	US
NEXTERA ENERGY INC		common stock	US65339F1012	2.292	47.000	US
NOBLE CORP			common stock	CH0033347318	3.043	98.447	US
NORFOLK SOUTHERN CORP		common stock	US6558441084	2.158	40.678	US
NORTHROP GRUMMAN CORP		common stock	US6668071029	1.849	33.961	US
OMEGA HEALTHCARE INVESTORS	common stock	US6819361006	1.038	52.100	US
ORACLE CORP			common stock	US68389X1054	6.900	321.546	US
PEPSICO INC			common stock	US7134481081	8.507	139.577	US
PFIZER INC			common stock	US7170811035	6.709	470.493	US
PHILIP MORRIS INTERNATIONAL	common stock	US7181721090	5.998	130.841	US
PRAXAIR INC			common stock	US74005P1049	1.069	14.069	US
PROCTER & GAMBLE CO		common stock	US7427181091	8.392	139.906	US
PROLOGIS			common stock	US7434101025	1.092	107.772	US
PRUDENTIAL FINANCIAL INC	common stock	US7443201022	1.888	35.178	US
PS BUSINESS PARKS INC/CA	common stock	US69360J1079	526	9.426	US
PUBLIC STORAGE INC		common stock	US74460D1090	4.683	53.274	US
QUALCOMM INC			common stock	US7475251036	4.665	142.039	US
QUANTA SERVICES INC		common stock	US74762E1029	6.195	300.000	US
REALTY INCOME CORP		common stock	US7561091049	1.507	49.696	US
REGENCY CENTERS CORP		common stock	US7588491032	777	22.579	US
SCHLUMBERGER LTD		common stock	AN8068571086	2.878	52.000	US
SENIOR HOUSING PROP TRUST	common stock	US81721M1099	1.003	49.900	US
SIMON PROPERTY GROUP INC	common stock	US8288061091	8.358	103.508	US
SL GREEN REALTY CORP		common stock	US78440X1019	1.383	25.123	US
SOUTHERN CO			common stock	US8425871071	3.824	114.908	US
SPECTRA ENERGY CORP-W/I		common stock	US8475601097	392	19.507	US
STARBUCKS CORP			common stock	US8552441094	2.343	96.405	US
SUN COMMUNITIES INC		common stock	US8666741041	290	11.153	US
TANGER FACTORY OUTLET CENTER	common stock	US8754651060	960	23.200	US
TARGET CORP			common stock	US87612E1064	1.385	28.174	US
TAUBMAN CENTERS INC		common stock	US8766641034	1.099	29.196	US
TELEPHONE & DATA SPECIAL SHS	common stock	US8794338603	82	3.100	US
TELEPHONE AND DATA SYSTEMS	common stock	US8794331004	94	3.100	US
TEREX CORP			common stock	US8807791038	750	40.000	US
TETRA TECHNOLOGIES INC		common stock	US88162F1057	499	55.000	US
TEXAS INSTRUMENTS INC		common stock	US8825081040	2.209	94.889	US
THE ST JOE COMPANY		common stock	US7901481009	252	10.900	US
THE WALT DISNEY CO.		common stock	US2546871060	2.636	83.690	US
TIME WARNER CABLE-W/I		common stock	US88732J2078	1.557	29.905	US
TIME WARNER INC			common stock	US8873173038	3.447	119.239	US
TRANSOCEAN LTD			common stock	CH0048265513	2.548	55.000	US
TRAVELCENTERS OF AMERICA LLC	common stock	US8941741014	12	5.343	US
TRAVELERS COS INC./THE		common stock	US89417E1091	2.832	57.509	US
TYCO INTERNATIONAL LTD		common stock	CH0100383485	959	27.212	US
U-STORE-IT TRUST		common stock	US91274F1049	85	11.400	US
UDR				common stock	US9026531049	1.614	84.367	US
UNITED PARCEL SERVICE-CL B	common stock	US9113121068	2.526	44.408	US
UNITED TECHNOLOGIES CORP	common stock	US9130171096	5.703	87.856	US
UNITEDHEALTH GROUP INC		common stock	US91324P1021	1.887	66.456	US
US BANCORP			common stock	US9029733048	1.956	87.497	US
VENTAS INC			common stock	US92276F1003	2.962	63.085	US
VIACOM INC-CLASS B W/I		common stock	US92553P2011	930	29.631	US
VORNADO REALTY TRUST		common stock	US9290421091	4.356	59.715	US
W.P. CAREY & CO. LLC		common stock	US92930Y1073	614	22.200	US
WAL-MART STORES INC		common stock	US9311421039	9.176	190.894	US
WALGREEN CO			common stock	US9314221097	1.003	37.568	US
WASHINGTON REAL ESTATE INV	common stock	US9396531017	696	25.236	US
WASTE MANAGEMENT INC		common stock	US94106L1098	1.409	45.028	US
WEINGARTEN REALTY INVESTORS	common stock	US9487411038	711	37.336	US
WELLPOINT INC			common stock	US94973V1070	1.686	34.453	US
WELLS FARGO & COMPANY		common stock	US9497461015	3.400	132.820	US
WESTERN UNION CO-W/I		common stock	US9598021098	1.822	122.172	US
WEYERHAEUSER CO			common stock	US9621661043	1.974	56.092	US
WYNDHAM WORLDWIDE CORP-W/I	common stock	US98310W1080	322	16.000	US
ZIMMER HOLDINGS INC		common stock	US98956P1021	2.162	40.000	US