UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2012
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:
Assistant-Controller
Phone:
0031455782878

Signature,
Place,Heerlen
October 18, 2012



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:
194
Form 13F Information Table
Value Total:
$492,834 (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
AOL INC				common stock	US00184X1054	304	10839	US
APACHE CORP			common stock	US0374111054	2396	27260	US
APCO OIL AND GAS INTL INC	common stock	KYG0471F1090	0	32539	US
APPLIED MATERIALS INC		common stock	US0382221051	1489	130113	US
ARCH COAL INC			common stock	US0393801008	362	52502	US
ARCHER-DANIELS-MIDLAND CO	common stock	US0394831020	3054	103445	US
AVALONBAY COMMUNITIES INC	common stock	US0534841012	3031	21420	US
AVON PRODUCTS INC		common stock	US0543031027	684	42211	US
BANK OF NEW YORK MELLON CORP	common stock	US0640581007	2082	94857	US
BAXTER INTERNATIONAL INC	common stock	US0718131099	1592	29951	US
BIOGEN IDEC INC			common stock	US09062X1037	5751	39835	US
BIOMED REALTY TRUST INC		common stock	US09063H1077	1644	88000	US
BOEING CO/THE			common stock	US0970231058	3648	49104	US
BOSTON PROPERTIES INC		common stock	US1011211018	3177	29317	US
BOSTON SCIENTIFIC CORP		common stock	US1011371077	662	116704	US
BRANDYWINE REALTY TRUST		common stock	US1053682035	320	25900	US
BRISTOL-MYERS SQUIBB CO		common stock	US1101221083	5490	152720	US
CAMDEN PROPERTY TRUST		common stock	US1331311027	966	14269	US
CAMPBELL SOUP CO		common stock	US1344291091	3326	99649	US
CARDINAL HEALTH INC		common stock	US14149Y1082	560	13330	US
CAREFUSION CORP			common stock	US14170T1016	214	8336	US
CARNIVAL CORP			common stock	PA1436583006	1531	44662	US
CATERPILLAR INC			common stock	US1491231015	2453	28890	US
CBL & ASSOCIATES PROPERTIES	common stock	US1248301004	515	26362	US
CELANESE CORP-SERIES A		common stock	US1508701034	1989	57462	US
CENTRAL EURO DISTRIBUTION CP	common stock	US1534351028	124	43365	US
CENTURYLINK INC			common stock	US1567001060	391	9897	US
CHEVRON CORP			common stock	US1667641005	7861	74510	US
CISCO SYSTEMS INC		common stock	US17275R1023	2647	154157	US
CLOROX COMPANY			common stock	US1890541097	1222	16871	US
COCA-COLA CO/THE		common stock	US1912161007	14816	189484	US
COLGATE-PALMOLIVE CO		common stock	US1941621039	2081	19991	US
COLONIAL PROPERTIES TRUST	common stock	US1958721060	343	15500	US
COMCAST CORP-CLASS A		common stock	US20030N1019	3980	126750	US
COMMONWEALTH REIT		common stock	US2032331017	376	19660	US
CONOCOPHILLIPS			common stock	US20825C1045	3261	58352	US
CONSOL ENERGY INC		common stock	US20854P1093	1414	46756	US
CVS CAREMARK CORP		common stock	US1266501006	2854	61066	US
Cubesmart			common stock	US2296631094	133	11400	US
DCT INDUSTRIAL TRUST INC	common stock	US2331531051	580	92100	US
DEERE & CO			common stock	US2441991054	3325	41116	US
DELL INC			common stock	US24702R1014	941	75238	US
DEVON ENERGY CORPORATION	common stock	US25179M1036	1853	31951	US
DIAMOND OFFSHORE DRILLING	common stock	US25271C1027	1179	19935	US
DIAMONDROCK HOSPITALITY CO	common stock	US2527843013	1144	112155	US
DIGITAL REALTY TRUST INC	common stock	US2538681030	4249	56600	US
DOLLAR TREE INC			common stock	US2567461080	2778	51642	US
DOMINION RESOURCES INC/VA	common stock	US25746U1097	1533	28387	US
DOUGLAS EMMETT INC		common stock	US25960P1093	1532	66300	US
DR PEPPER SNAPPLE GROUP INC	common stock	US26138E1091	1688	38583	US
DU PONT (E.I.) DE NEMOURS	common stock	US2635341090	1672	33054	US
DUKE ENERGY CORP		common stock	US26441C2044	239	10362	US
DUKE REALTY CORP		common stock	US2644115055	857	58524	US
EASTGROUP PROPERTIES INC	common stock	US2772761019	549	10300	US
EASTMAN CHEMICAL CO		common stock	US2774321002	2644	52494	US
EBAY INC			common stock	US2786421030	1683	40066	US
ELI LILLY & CO			common stock	US5324571083	3697	86159	US
EMC CORP/MASS			common stock	US2686481027	1724	67262	US
EMERSON ELECTRIC CO		common stock	US2910111044	1300	27906	US
EQUITY LIFESTYLE PROPERTIES	common stock	US29472R1086	607	8800	US
EQUITY ONE INC			common stock	US2947521009	350	16500	US
EQUITY RESIDENTIAL		common stock	US29476L1070	3751	60156	US
ESSEX PROPERTY TRUST INC	common stock	US2971781057	770	5000	US
ESTEE LAUDER COMPANIES-CL A	common stock	US5184391044	4351	80396	US
EXELON CORP			common stock	US30161N1019	1457	38731	US
EXXON MOBIL CORP		common stock	US30231G1022	9127	106661	US
FAIRPOINT COMMUNICATIONS INC	common stock	US3055601047	0	2870	US
FEDERAL REALTY INVS TRUST	common stock	US3137472060	1090	10468	US
FIRSTENERGY CORP		common stock	US3379321074	1174	23863	US
FLUOR CORP			common stock	US3434121022	2091	42374	US
FOREST LABORATORIES INC		common stock	US3458381064	970	27714	US
FREEPORT-MCMORAN COPPER		common stock	US35671D8570	2153	63198	US
GENERAL ELECTRIC CO		common stock	US3696041033	9347	448489	US
GENERAL GROWTH PROPERTIES	common stock	US3700231034	1185	65500	US
GENERAL MILLS INC		common stock	US3703341046	3249	84311	US
GENERAL MOTORS CO		common stock	US37045V1008	18	917	US
GOOGLE INC-CL A			common stock	US38259P5089	7389	12738	US
GULFMARK OFFSHORE INC-CL A	common stock	US4026292080	0	36950	US
HALLIBURTON CO			common stock	US4062161017	2284	80467	US
HARLEY-DAVIDSON INC		common stock	US4128221086	1026	22434	US
HCP INC				common stock	US40414L1098	4212	95393	US
HEALTH CARE REIT INC		common stock	US42217K1060	3350	57453	US
HEALTHCARE REALTY TRUST INC	common stock	US4219461047	1411	59182	US
HESS CORP			common stock	US42809H1077	1757	40433	US
HEWLETT-PACKARD CO		common stock	US4282361033	332	16486	US
HIGHWOODS PROPERTIES INC	common stock	US4312841087	1036	30802	US
HOME PROPERTIES INC		common stock	US4373061039	1399	22800	US
HONEYWELL INTERNATIONAL INC	common stock	US4385161066	1628	29162	US
HOSPIRA INC			common stock	US4410601003	300	8570	US
HOSPITALITY PROPERTIES TRUST	common stock	US44106M1027	1113	44934	US
HOST HOTELS & RESORTS INC	common stock	US44107P1049	3124	197498	US
HUNTINGTON INGALLS INDUSTrie	common stock	US4464131063	211	5244	US
INTEL CORP			common stock	US4581401001	6030	226266	US
INTERNATIONAL PAPER CO		common stock	US4601461035	598	20689	US
INTL BUSINESS MACHINES CORP	common stock	US4592001014	8937	45696	US
INVESCO LTD			common stock	BMG491BT1088	952	42146	US
JOHNSON & JOHNSON		common stock	US4781601046	8431	124788	US
JOY GLOBAL INC			common stock	US4811651086	1069	18844	US
JPMORGAN CHASE & CO		common stock	US46625H1005	5755	161078	US
KIMBERLY-CLARK CORP		common stock	US4943681035	3531	42151	US
KIMCO REALTY CORP		common stock	US49446R1095	2830	148731	US
KRAFT FOODS INC-CLASS A		common stock	US50075N1046	2783	72049	US
KROGER CO			common stock	US5010441013	2744	118320	US
LASALLE HOTEL PROPERTIES	common stock	US5179421087	994	34100	US
LIBERTY PROPERTY TRUST		common stock	US5311721048	1735	47096	US
LTC PROPERTIES INC		common stock	US5021751020	1379	38000	US
MACERICH CO/THE			common stock	US5543821012	2823	47807	US
MCDONALD'S CORP			common stock	US5801351017	6888	77800	US
MCGRAW-HILL COMPANIES INC	common stock	US5806451093	2559	56862	US
MCKESSON CORP			common stock	US58155Q1031	1650	17605	US
MEAD JOHNSON NUTRITION CO	common stock	US5828391061	1309	16265	US
MEADWESTVACO CORP		common stock	US5833341077	1315	45726	US
MEDTRONIC INC			common stock	US5850551061	2881	74385	US
MERCK & CO. INC.		common stock	US58933Y1055	8182	195973	US
METLIFE INC			common stock	US59156R1086	491	15916	US
MICROSOFT CORP			common stock	US5949181045	6219	203293	US
MID-AMERICA APARTMENT COMM	common stock	US59522J1034	1583	23200	US
MONSANTO CO			common stock	US61166W1018	3251	39278	US
MONSTER WORLDWIDE INC		common stock	US6117421072	240	28875	US
MOSAIC CO/THE			common stock	US61945C1036	1650	30124	US
MOTORS LIQUIDATION CO GUC TR	common stock	US62010U1016	62	5065	US
NATIONAL OILWELL VARCO INC	common stock	US6370711011	2939	45603	US
NEWMONT MINING CORP		common stock	US6516391066	2126	43829	US
NEXTERA ENERGY INC		common stock	US65339F1012	4053	58896	US
NOBLE ENERGY INC		common stock	US6550441058	0	25000	US
NORFOLK SOUTHERN CORP		common stock	US6558441084	2328	32432	US
NORTHROP GRUMMAN CORP		common stock	US6668071029	1728	27084	US
OMEGA HEALTHCARE INVESTORS	common stock	US6819361006	1690	75100	US
ORACLE CORP			common stock	US68389X1054	7608	256167	US
PEPSICO INC			common stock	US7134481081	7866	111315	US
PFIZER INC			common stock	US7170811035	8629	375175	US
PHILIP MORRIS INTERNATIONAL	common stock	US7181721090	9106	104360	US
PHILLIPS 66			common stock	US7185461040	970	29176	US
PRAXAIR INC			common stock	US74005P1049	1221	11226	US
PROCTER & GAMBLE CO/THE		common stock	US7427181091	6830	111504	US
PROLOGIS INC			common stock	US74340W1036	1210	36422	US
PRUDENTIAL FINANCIAL INC	common stock	US7443201022	1357	28014	US
PUBLIC STORAGE			common stock	US74460D1090	4487	31074	US
QUALCOMM INC			common stock	US7475251036	6317	113443	US
QUANTA SERVICES INC		common stock	US74762E1029	5765	239513	US
RETAIL OPPORTUNITY INVESTMEN	common stock	US76131N1019	0	83500	US
SCHLUMBERGER LTD		common stock	AN8068571086	2697	41548	US
SENIOR HOUSING PROP TRUST	common stock	US81721M1099	2940	131700	US
SIMON PROPERTY GROUP INC	common stock	US8288061091	11053	71008	US
SL GREEN REALTY CORP		common stock	US78440X1019	1534	19123	US
SOUTHERN CO/THE			common stock	US8425871071	4239	91558	US
SPECTRA ENERGY CORP		common stock	US8475601097	488	16790	US
ST JUDE MEDICAL INC		common stock	US7908491035	1434	35928	US
STARBUCKS CORP			common stock	US8552441094	4098	76852	US
SUN COMMUNITIES INC		common stock	US8666741041	493	11153	US
TANGER FACTORY OUTLET CENTER	common stock	US8754651060	1487	46400	US
TARGET CORP			common stock	US87612E1064	2914	50072	US
TAUBMAN CENTERS INC		common stock	US8766641034	1064	13796	US
TELEPHONE AND DATA SYSTEMS	common stock	US8794338298	138	6469	US
TEREX CORP			common stock	US8807791038	569	31920	US
TETRA TECHNOLOGIES INC		common stock	US88162F1057	338	47338	US
TEXAS INSTRUMENTS INC		common stock	US8825081040	1305	45477	US
TIME WARNER CABLE		common stock	US88732J2078	1958	23845	US
TIME WARNER INC			common stock	US8873173038	3662	95122	US
TRAVELERS COS INC/THE		common stock	US89417E1091	2922	45763	US
UDR INC				common stock	US9026531049	2529	97867	US
UNITED PARCEL SERVICE-CL B	common stock	US9113121068	2792	35446	US
UNITED STATES STEEL CORP	common stock	US9129091081	709	34428	US
UNITED TECHNOLOGIES CORP	common stock	US9130171096	5290	70042	US
UNITEDHEALTH GROUP INC		common stock	US91324P1021	1592	27222	US
US BANCORP			common stock	US9029733048	2243	69740	US
VENTAS INC			common stock	US92276F1003	4512	71482	US
VERIZON COMMUNICATIONS INC	common stock	US92343V1044	2656	59766	US
VIACOM INC-CLASS B		common stock	US92553P2011	1110	23602	US
VORNADO REALTY TRUST		common stock	US9290421091	3869	46065	US
WAL-MART STORES INC		common stock	US9311421039	10617	152284	US
WALT DISNEY CO/THE		common stock	US2546871060	3234	66686	US
WASTE MANAGEMENT INC		common stock	US94106L1098	2079	62239	US
WEINGARTEN REALTY INVESTORS	common stock	US9487411038	1589	60336	US
WELLPOINT INC			common stock	US94973V1070	1756	27520	US
WELLS FARGO & CO		common stock	US9497461015	8504	254309	US
WESTERN UNION CO		common stock	US9598021098	1640	97399	US
WEYERHAEUSER CO			common stock	US9621661043	2836	126849	US
WHITING PETROLEUM CORP		common stock	US9663871021	0	11130	US
WPX ENERGY INC			common stock	US98212B1035	0	42665	US
WYNDHAM WORLDWIDE CORP		common stock	US98310W1080	726	13771	US
ZIMMER HOLDINGS INC		common stock	US98956P1021	2052	31879	US