UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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
January 11, 2013



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:
$513,098 (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				common stock	US88579Y1010	2537	27323	US
ABBOTT LABORATORIES		common stock	US0028241000	5224	79758	US
ACCO BRANDS CORP		common stock	US00081T1088	111	15083	US
ADT Corp			common stock	US00101J1060	505	10854	US
AGILENT TECHNOLOGIES INC	common stock	US00846U1016	1840	44948	US
AGREE REALTY CORP		common stock	US0084921008	1527	57000	US
ALCOA INC			common stock	US0138171014	792	91280	US
ALEXANDRIA REAL ESTATE EQUIT	common stock	US0152711091	1962	28300	US
ALPHA NATURAL RESOURCES INC	common stock	US02076X1028	251	25821	US
ALTRIA GROUP INC		common stock	US02209S1033	3277	104227	US
AMERICAN INTERNATIONAL GROUP	common stock	US0268747849	259	7340	US
AMERIPRISE FINANCIAL INC	common stock	US03076C1062	1109	17712	US
AMGEN INC			common stock	US0311621009	6249	72490	US
AOL INC				common stock	US00184X1054	321	10839	US
APACHE CORP			common stock	US0374111054	2140	27260	US
APCO OIL AND GAS INTL INC	common stock	KYG0471F1090	401	32539	US
APPLE INC			common stock	US0378331005	4790	9000	US
APPLIED MATERIALS INC		common stock	US0382221051	1488	130113	US
ARCH COAL INC			common stock	US0393801008	384	52502	US
ARCHER-DANIELS-MIDLAND CO	common stock	US0394831020	2833	103445	US
AVALONBAY COMMUNITIES INC	common stock	US0534841012	2904	21420	US
AVON PRODUCTS INC		common stock	US0543031027	606	42211	US
BANK OF NEW YORK MELLON CORP	common stock	US0640581007	2438	94857	US
BAXTER INTERNATIONAL INC	common stock	US0718131099	1997	29951	US
BIOGEN IDEC INC			common stock	US09062X1037	5831	39835	US
BIOMED REALTY TRUST INC		common stock	US09063H1077	1701	88000	US
BOEING CO/THE			common stock	US0970231058	3700	49104	US
BOSTON PROPERTIES INC		common stock	US1011211018	3102	29317	US
BOSTON SCIENTIFIC CORP		common stock	US1011371077	669	116704	US
BRANDYWINE REALTY TRUST		common stock	US1053682035	316	25900	US
BRISTOL-MYERS SQUIBB CO		common stock	US1101221083	4977	152720	US
CAMDEN PROPERTY TRUST		common stock	US1331311027	973	14269	US
CAMPBELL SOUP CO		common stock	US1344291091	3477	99649	US
CARDINAL HEALTH INC		common stock	US14149Y1082	549	13330	US
CAREFUSION CORP			common stock	US14170T1016	238	8336	US
CARNIVAL CORP			common stock	PA1436583006	1642	44662	US
CATERPILLAR INC			common stock	US1491231015	2589	28890	US
CBL & ASSOCIATES PROPERTIES	common stock	US1248301004	559	26362	US
CELANESE CORP-SERIES A		common stock	US1508701034	2559	57462	US
CENTRAL EURO DISTRIBUTION CP	common stock	US1534351028	94	43365	US
CENTURYLINK INC			common stock	US1567001060	387	9897	US
CHEVRON CORP			common stock	US1667641005	8058	74510	US
CISCO SYSTEMS INC		common stock	US17275R1023	3029	154157	US
CLOROX COMPANY			common stock	US1890541097	1235	16871	US
COCA-COLA CO/THE		common stock	US1912161007	6869	189484	US
COLGATE-PALMOLIVE CO		common stock	US1941621039	2090	19991	US
COMCAST CORP-CLASS A		common stock	US20030N1019	4553	126750	US
COMMONWEALTH REIT		common stock	US2032331017	311	19660	US
CONOCOPHILLIPS			common stock	US20825C1045	3384	58352	US
CONSOL ENERGY INC		common stock	US20854P1093	1501	46756	US
CVS CAREMARK CORP		common stock	US1266501006	2953	61066	US
DCT INDUSTRIAL TRUST INC	common stock	US2331531051	598	92100	US
DEERE & CO			common stock	US2441991054	3553	41116	US
DEVON ENERGY CORPORATION	common stock	US25179M1036	1663	31951	US
DIAMOND OFFSHORE DRILLING	common stock	US25271C1027	1355	19935	US
DIAMONDROCK HOSPITALITY CO	common stock	US2527843013	1009	112155	US
DIGITAL REALTY TRUST INC	common stock	US2538681030	3843	56600	US
DOLLAR TREE INC			common stock	US2567461080	2095	51642	US
DOMINION RESOURCES INC/VA	common stock	US25746U1097	1470	28387	US
DOUGLAS EMMETT INC		common stock	US25960P1093	1545	66300	US
DR PEPPER SNAPPLE GROUP INC	common stock	US26138E1091	1705	38583	US
DU PONT (E.I.) DE NEMOURS	common stock	US2635341090	1487	33054	US
DUKE ENERGY CORP		common stock	US26441C2044	661	10362	US
DUKE REALTY CORP		common stock	US2644115055	812	58524	US
EASTGROUP PROPERTIES INC	common stock	US2772761019	554	10300	US
EASTMAN CHEMICAL CO		common stock	US2774321002	3572	52494	US
EBAY INC			common stock	US2786421030	2043	40066	US
ELI LILLY & CO			common stock	US5324571083	4249	86159	US
EMC CORP/MASS			common stock	US2686481027	1702	67262	US
EMERSON ELECTRIC CO		common stock	US2910111044	1478	27906	US
EQUITY LIFESTYLE PROPERTIES	common stock	US29472R1086	1447	21500	US
EQUITY ONE INC			common stock	US2947521009	347	16500	US
EQUITY RESIDENTIAL		common stock	US29476L1070	3052	53856	US
ESSEX PROPERTY TRUST INC	common stock	US2971781057	733	5000	US
ESTEE LAUDER COMPANIES-CL A	common stock	US5184391044	4813	80396	US
EXELON CORP			common stock	US30161N1019	1152	38731	US
EXXON MOBIL CORP		common stock	US30231G1022	9232	106661	US
FAIRPOINT COMMUNICATIONS INC	common stock	US3055601047	0	2870	US
FEDERAL REALTY INVS TRUST	common stock	US3137472060	1089	10468	US
FIRSTENERGY CORP		common stock	US3379321074	997	23863	US
FLUOR CORP			common stock	US3434121022	2489	42374	US
FOREST LABORATORIES INC		common stock	US3458381064	979	27714	US
FREEPORT-MCMORAN COPPER		common stock	US35671D8570	2161	63198	US
GENERAL ELECTRIC CO		common stock	US3696041033	9414	448489	US
GENERAL GROWTH PROPERTIES	common stock	US3700231034	1300	65500	US
GENERAL MILLS INC		common stock	US3703341046	3408	84311	US
GENERAL MOTORS CO		common stock	US37045V1008	26	917	US
GOOGLE INC-CL A			common stock	US38259P5089	9011	12738	US
GULFMARK OFFSHORE INC-CL A	common stock	US4026292080	1273	36950	US
HALLIBURTON CO			common stock	US4062161017	2791	80467	US
HARLEY-DAVIDSON INC		common stock	US4128221086	1095	22434	US
HCP INC				common stock	US40414L1098	4308	95393	US
HEALTH CARE REIT INC		common stock	US42217K1060	3521	57453	US
HEALTHCARE REALTY TRUST INC	common stock	US4219461047	1421	59182	US
HESS CORP			common stock	US42809H1077	2141	40433	US
HIGHWOODS PROPERTIES INC	common stock	US4312841087	1030	30802	US
HOME PROPERTIES INC		common stock	US4373061039	1398	22800	US
HONEYWELL INTERNATIONAL INC	common stock	US4385161066	1851	29162	US
HOSPIRA INC			common stock	US4410601003	268	8570	US
HOSPITALITY PROPERTIES TRUST	common stock	US44106M1027	1369	58434	US
HOST HOTELS & RESORTS INC	common stock	US44107P1049	3095	197498	US
HUNTINGTON INGALLS INDUSTrie	common stock	US4464131063	227	5244	US
INTEL CORP			common stock	US4581401001	4666	226266	US
INTERNATIONAL PAPER CO		common stock	US4601461035	824	20689	US
INTL BUSINESS MACHINES CORP	common stock	US4592001014	8753	45696	US
INVESCO LTD			common stock	BMG491BT1088	1100	42146	US
JOHNSON & JOHNSON		common stock	US4781601046	8748	124788	US
JOY GLOBAL INC			common stock	US4811651086	1202	18844	US
JPMORGAN CHASE & CO		common stock	US46625H1005	7082	161078	US
KIMBERLY-CLARK CORP		common stock	US4943681035	3559	42151	US
KIMCO REALTY CORP		common stock	US49446R1095	2873	148731	US
KROGER CO			common stock	US5010441013	3079	118320	US
Kraft Foods Group INC		common stock	US50076Q1067	1092	24016	US
LASALLE HOTEL PROPERTIES	common stock	US5179421087	1247	49100	US
LIBERTY PROPERTY TRUST		common stock	US5311721048	1686	47096	US
LTC PROPERTIES INC		common stock	US5021751020	1337	38000	US
MACERICH CO/THE			common stock	US5543821012	3160	54207	US
MCDONALD'S CORP			common stock	US5801351017	6863	77800	US
MCGRAW-HILL COMPANIES INC	common stock	US5806451093	3109	56862	US
MCKESSON CORP			common stock	US58155Q1031	1707	17605	US
MEAD JOHNSON NUTRITION CO	common stock	US5828391061	1072	16265	US
MEADWESTVACO CORP		common stock	US5833341077	1457	45726	US
MEDTRONIC INC			common stock	US5850551061	3051	74385	US
MERCK & CO. INC.		common stock	US58933Y1055	8023	195973	US
METLIFE INC			common stock	US59156R1086	524	15916	US
MICROSOFT CORP			common stock	US5949181045	5430	203293	US
MID-AMERICA APARTMENT COMM	common stock	US59522J1034	1826	28200	US
MONSANTO CO			common stock	US61166W1018	3718	39278	US
MONSTER WORLDWIDE INC		common stock	US6117421072	162	28875	US
MOSAIC CO/THE			common stock	US61945C1036	1706	30124	US
MOTORS LIQUIDATION CO GUC TR	common stock	US62010U1016	107	5065	US
Mondelez International Inc	common stock	US6092071058	1834	72049	US
NATIONAL OILWELL VARCO INC	common stock	US6370711011	3117	45603	US
NEWMONT MINING CORP		common stock	US6516391066	2035	43829	US
NEXTERA ENERGY INC		common stock	US65339F1012	4075	58896	US
NOBLE ENERGY INC		common stock	US6550441058	2544	25000	US
NORFOLK SOUTHERN CORP		common stock	US6558441084	2006	32432	US
NORTHROP GRUMMAN CORP		common stock	US6668071029	1830	27084	US
OMEGA HEALTHCARE INVESTORS	common stock	US6819361006	1791	75100	US
ORACLE CORP			common stock	US68389X1054	8535	256167	US
PENTAIR Ltd-registered		common stock	CH0193880173	256	5208	US
PEPSICO INC			common stock	US7134481081	7617	111315	US
PFIZER INC			common stock	US7170811035	9409	375175	US
PHILIP MORRIS INTERNATIONAL	common stock	US7181721090	8729	104360	US
PHILLIPS 66			common stock	US7185461040	1549	29176	US
PRAXAIR INC			common stock	US74005P1049	1229	11226	US
PROCTER & GAMBLE CO/THE		common stock	US7427181091	7570	111504	US
PROLOGIS INC			common stock	US74340W1036	1329	36422	US
PRUDENTIAL FINANCIAL INC	common stock	US7443201022	1494	28014	US
PUBLIC STORAGE			common stock	US74460D1090	4504	31074	US
QUALCOMM INC			common stock	US7475251036	7018	113443	US
QUANTA SERVICES INC		common stock	US74762E1029	6536	239513	US
RETAIL OPPORTUNITY INVESTMEN	common stock	US76131N1019	1304	101500	US
SCHLUMBERGER LTD		common stock	AN8068571086	2879	41548	US
SENIOR HOUSING PROP TRUST	common stock	US81721M1099	3113	131700	US
SIMON PROPERTY GROUP INC	common stock	US8288061091	11226	71008	US
SL GREEN REALTY CORP		common stock	US78440X1019	1466	19123	US
SOUTHERN CO/THE			common stock	US8425871071	3920	91558	US
SPECTRA ENERGY CORP		common stock	US8475601097	460	16790	US
ST JUDE MEDICAL INC		common stock	US7908491035	1298	35928	US
STARBUCKS CORP			common stock	US8552441094	4122	76852	US
SUN COMMUNITIES INC		common stock	US8666741041	445	11153	US
TANGER FACTORY OUTLET CENTER	common stock	US8754651060	1587	46400	US
TARGET CORP			common stock	US87612E1064	2963	50072	US
TAUBMAN CENTERS INC		common stock	US8766641034	1086	13796	US
TELEPHONE AND DATA SYSTEMS	common stock	US8794338298	143	6469	US
TEREX CORP			common stock	US8807791038	897	31920	US
TETRA TECHNOLOGIES INC		common stock	US88162F1057	359	47338	US
TEXAS INSTRUMENTS INC		common stock	US8825081040	1405	45477	US
TIME WARNER CABLE		common stock	US88732J2078	2317	23845	US
TIME WARNER INC			common stock	US8873173038	4550	95122	US
TRAVELERS COS INC/THE		common stock	US89417E1091	3287	45763	US
UDR INC				common stock	US9026531049	2327	97867	US
UNITED PARCEL SERVICE-CL B	common stock	US9113121068	2613	35446	US
UNITED STATES STEEL CORP	common stock	US9129091081	821	34428	US
UNITED TECHNOLOGIES CORP	common stock	US9130171096	5744	70042	US
UNITEDHEALTH GROUP INC		common stock	US91324P1021	1477	27222	US
US BANCORP			common stock	US9029733048	2227	69740	US
VENTAS INC			common stock	US92276F1003	4626	71482	US
VERIZON COMMUNICATIONS INC	common stock	US92343V1044	2586	59766	US
VIACOM INC-CLASS B		common stock	US92553P2011	1245	23602	US
VORNADO REALTY TRUST		common stock	US9290421091	3689	46065	US
WAL-MART STORES INC		common stock	US9311421039	10390	152284	US
WALT DISNEY CO/THE		common stock	US2546871060	3320	66686	US
WASTE MANAGEMENT INC		common stock	US94106L1098	2100	62239	US
WEINGARTEN REALTY INVESTORS	common stock	US9487411038	1615	60336	US
WELLPOINT INC			common stock	US94973V1070	1677	27520	US
WELLS FARGO & CO		common stock	US9497461015	8692	254309	US
WESTERN UNION CO		common stock	US9598021098	1326	97399	US
WEYERHAEUSER CO			common stock	US9621661043	3529	126849	US
WHITING PETROLEUM CORP		common stock	US9663871021	483	11130	US
WPX ENERGY INC			common stock	US98212B1035	635	42665	US
WYNDHAM WORLDWIDE CORP		common stock	US98310W1080	733	13771	US
ZIMMER HOLDINGS INC		common stock	US98956P1021	2125	31879	US