SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 __X__
Pre-Effective Amendment No. _____
Post-Effective Amendment No. 44 File No. 2-52698
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No. _____
VANGUARD MONEY MARKET RESERVES, INC.
(Exact Name of Registrant as Specified in Charter)
Vanguard Financial Center, P.O. Box 1100, Valley Forge, PA 19482
(Address of Principal Executive Offices)
Registrant's Telephone Number, including Area Code (610)669-6000
Raymond J. Klapinsky, Secretary
Vanguard Financial Center, P.O. Box 1100
Valley Forge, PA 19482
(Name and Address of Agent for Service)
Approximate Date of Proposed Public Offering: October 13, 1994
It is proposed that this filing will become effective:
_x_ On October 13, 1994 pursuant to paragraph (b) of Rule 485.
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CALCULATION OF REGISTRATION FEE UNDER THE SECURITIES ACT OF 1933
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<TABLE>
<CAPTION>
Proposed Maximum Proposed Maximum
Title of Securities Amount Being Offering Price Aggregate Offering Amount of
Being Registered Registered Per Unit Prices Registration Fee
------------------ ------------ ---------------- ------------------ ----------------
<S> <C> <C> <C> <C>
Shares of Common Stock,
$.001 par value
*Vanguard Money Market Reserves,
Inc.
Prime Portfolio 1,379,309,041 $1.00(1) $1,379,309,041 $100(2)
</TABLE>
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(1) Net asset value on October 7, 1994 adjusted to the nearest cent.
(2) (a) The calculation of the maximum offering price and registration
fee is made pursuant to Rule 24e-2.
(b) Total number of shares of Vanguard Money Market Reserves, Inc.
(the "Fund") redeemed or repurchased during the previous fiscal
year was 20,634,857,140.
(c) During the current fiscal year 19,255,838,122 shares of the Fund
were used for reduction pursuant to paragraph (c) of Rule 24f-2.
No redeemed or repurchased securities were used for reduction
pursuant to Rule 24e-2 in previous filings of Post-Effective
Amendments during the current fiscal year.
(d) The amount of redeemed or repurchased securities being used for
such reduction in the amount being filed is 1,379,019,018 shares,
leaving 290,023 shares for purposes of calculating the
registration fee.
<PAGE>
FACING SHEET
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
44th Post-Effective Amendment
Securities of Open-End Management Investment Companies
A. Exact name of Company as specified in Charter:
VANGUARD MONEY MARKET RESERVES, INC.
B. Complete address of Company's principal executive offices:
100 Vanguard Boulevard
P.O. Box 1100
Valley Forge, Pennsylvania 19482
C. Name and complete address of agent for service:
Raymond J. Klapinsky, Secretary
Vanguard Financial Center
P.O. Box 1100
Valley Forge, PA 19482
D. Title and amount of securities being registered under this 44th Post-
Effective Amendment:
1,379,309,041 Shares of Common Stock of Vanguard Money Market
Reserves, Inc., $.001 par value
E. Proposed aggregate maximum offering price to the public of the
securities being registered calculated pursuant to Rule 475(c):
$1,379,309,041
F. Amount of filing fee.
$100(1)
G. Approximate date of proposed public offering:
It is requested that this filing become effective on October 13, 1994
pursuant to paragraph (b) of Rule 485.
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(1) (a) The calculation of the maximum offering price and registration
fee is made pursuant to Rule 24e-2.
(b) Total number of shares of Vanguard Money Market Reserves, Inc.
(the "Fund") redeemed or repurchased during the previous fiscal
year was 20,634,857,140.
(c) During the current fiscal year 19,255,838,122 shares of the Fund
were used for reduction pursuant to paragraph (c) of Rule 24f-2.
No redeemed or repurchased securities were used for reduction
pursuant to Rule 24e-2 in previous filings of Post-Effective
Amendments during the current fiscal year.
(d) The amount of redeemed or repurchased securities being used for
such reduction in the amount being filed is 1,379,019,018 shares,
leaving 290,023 shares for purposes of calculating the
registration fee.
PARTS A-C
Incorporated by reference to the Prospectus, Statement of Additional
Information and Part C contained in Post-Effective Amendment No. 43 to
registrant's Registration Statement on Form N-1A, filed on March 1, 1994,
all of which remain unchanged.
<PAGE>
Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant certifies that it meets all
the requirements for effectiveness of this Registration Statement pursuant
to Rule 485(b) under the Securities Act of 1933 and has duly caused this
Post-Effective Amendment to this Registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the Town of Valley
Forge and the Commonwealth of Pennsylvania, on this 12th day of October,
1994.
VANGUARD MONEY MARKET RESERVES, INC.
By: (Raymond J. Klapinsky)
John C. Bogle*, Chairman and Chief Executive Officer
October 12, 1994
By: (Raymond J. Klapinsky)
John J. Brennan, President and Director
October 12, 1994
By: (Raymond J. Klapinsky)
Barbara B. Hauptfuhrer
October 12, 1994
By: (Raymond J. Klapinsky)
Bruce K. MacLaury, Director
October 12, 1994
By: (Raymond J. Klapinsky)
Burton G. Malkiel, Director
October 12, 1994
By: (Raymond J. Klapinsky)
John C. Sawhill, Director
October 12, 1994
By: (Raymond J. Klapinsky)
James O. Welch, Director
October 12, 1994
By: (Raymond J. Klapinsky)
J. Lawrence Wilson, Director
October 12, 1994
By: (Raymond J. Klapinsky)
Richard F. Hyland*, Treasurer and Principal Financial Officer and
Accounting Officer
October 12, 1994
*By Power of Attorney. See File Number 2-14336. January 23, 1990.
Incorporated by Reference.
EXHIBIT A
October 12, 1994
Vanguard Money Market Reserves, Inc.
P.O. Box 1100
Valley Forge, PA 19482
Gentlemen:
As a member of the Pennsylvania bar acting as Counsel to Vanguard
Money Market Reserves, Inc. (the "Fund"), I have examined the Fund's
Articles of Incorporation and other relevant documents and corporate
records as well as procedures and requirements relative to the issuance and
sale of the Fund's shares of Common Stock, $.001 par value. This
examination disclosed that there were approximately 14,178,753,000 shares
of the Fund issued and outstanding as of October 7, 1994.
Based on the foregoing, it is my opinion that:
1. The Fund is a valid and subsisting corporation of the State of
Maryland, authorized to issue fifty-five billion shares of its common
stock, with a $.001 par value per share.
2. Upon the effectiveness of Post-Effective Amendment No. 44 to its
Registration Statement on Form N-1A under the Act covering 1,379,309,041
shares of the Fund, the Fund will, in jurisdictions where the Fund's shares
are qualified for sale, be authorized to make a public offering of such
shares at prices calculated in the manner disclosed in the Fund's then
current Prospectus, which shares, when so issued, will be lawfully issued,
fully paid, and non-assessable.
3. No material events requiring disclosure in the Fund's Prospectus,
other than those listed in paragraph (b)(1) of Rule 485 under the Act, have
occurred since the effective date of the Fund's most recent Post-Effective
Amendment, and Post-Effective Amendment No. 44 to the Fund's Registration
Statement can be properly filed under paragraph (b) of Rule 485.
I consent to the inclusion of this opinion as an Exhibit to such Post-
Effective Amendment No. 44 to the Fund's Registration Statement and to the
applications and registration statements filed in accordance with the
securities laws of the several jurisdictions in which the Fund's shares are
to be offered and I further consent to a reference in the Fund's Prospectus
concerning the substance of this opinion.
Very truly yours,
By: Raymond J. Klapinsky, Counsel
