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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT (NO. 2-52698) UNDER
THE SECURITIES ACT OF 1933
PRE-EFFECTIVE AMENDMENT NO. /X/
POST-EFFECTIVE AMENDMENT NO. 47 /X/
AND
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY
ACT OF 1940
AMENDMENT NO. 49 /X/
VANGUARD MONEY MARKET RESERVES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
P.O. BOX 2600, VALLEY FORGE, PA 19482
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICE)
REGISTRANT'S TELEPHONE NUMBER (610) 669-1000
RAYMOND J. KLAPINSKY, ESQUIRE
P.O. BOX 876
VALLEY FORGE, PA 19482
IT IS PROPOSED THAT THIS AMENDMENT BECOME EFFECTIVE:
on October 18, 1995, pursuant to paragraph (b) of Rule 485 of the Securities Act
of 1933.
APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING:
As soon as practicable after this Registration Statement becomes effective.
REGISTRANT ELECTS TO REGISTER AN INDEFINITE NUMBER OF SHARES PURSUANT TO
REGULATION 24F-2 UNDER THE INVESTMENT COMPANY ACT OF 1940. REGISTRANT FILED ITS
RULE 24F-2 NOTICE FOR THE PERIOD ENDED NOVEMBER 30, 1994 ON JANUARY 30, 1995.
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VANGUARD MONEY MARKET RESERVES, INC.
CROSS REFERENCE SHEET
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FORM N-1A
ITEM NUMBER LOCATION IN PROSPECTUS
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Item 1. Cover Page.................................... Cover Page
Item 2. Synopsis...................................... Highlights
Item 3. Condensed Financial Information............... Financial Highlights
Item 4. General Description of Registrant............. Investment Objective; Investment
Limitations; Investment Policies;
General Information
Item 5. Management of the Fund........................ Directors and Officers; Management of
the Fund; The Vanguard Group
Item 6. Capital Stock and Other Securities............ Opening an Account and Purchasing
Shares; Selling Your Shares; The
Share Price of Each Portfolio;
Dividends and Taxes; General
Information
Item 7. Purchase of Securities Being Offered.......... Cover Page; Opening an Account and
Purchasing Shares
Item 8. Redemption or Repurchase...................... Selling Shares
Item 9. Pending Legal Proceedings..................... Not Applicable
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FORM N-1A LOCATION IN STATEMENT
ITEM NUMBER OF ADDITIONAL INFORMATION
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Item 10. Cover Page.................................... Cover Page
Item 11. Table of Contents............................. Cover Page
Item 12. General Information and History............... Investment Objectives and Policies;
General Information
Item 13. Investment Objective and Policies............. Investment Objectives and Policies;
Investment Limitations
Item 14. Management of the Fund........................ Management of the Fund
Item 15. Control Persons and Principal Holders of
Securities.................................... Management of the Fund
Item 16. Investment Advisory and Other Services........ Management of the Fund
Item 17. Brokerage Allocation.......................... Not Applicable
Item 18. Capital Stock and Other Securities............ Financial Statements
Item 19. Purchase, Redemption and Pricing of Securities
Being Offered................................. Purchase of Shares; Redemption of
Shares;
Item 20. Tax Status.................................... Appendix
Item 21. Underwriters.................................. Not Applicable
Item 22. Calculations of Yield Quotations of Money
Market Fund................................... Calculation of Yield.
Item 23. Financial Statements.......................... Financial Statements
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Parts A and B of the Fund's Registration Statement which were filed on Form
N-1A on August 18, 1995 (Post-Effective Amendment No. 46 under the Securities
Act of 1933, File No. 2-52698) are hereby incorporated by reference in their
entirety.
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PART C
VANGUARD MONEY MARKET RESERVES, INC.
OTHER INFORMATION
ITEM 24. FINANCIAL STATEMENTS AND EXHIBITS
(A) FINANCIAL STATEMENTS
The Registrant's audited financial statements for the year ended November
30, 1994, including Price Waterhouse LLP's report thereon, are incorporated by
reference, in the Statement of Additional Information, from the Registrant's
1994 Annual Report to Shareholders which has been filed with the Commission. The
Fund's unaudited financial statements for the six months ended May 31, 1995
appearing in the Fund's 1995 Semi-Annual Report to Shareholders, are also
incorporated by reference in the Statement of Additional Information. The
financial statements included in the Annual Report and Semi-Annual Report are:
1. Statement of Net Assets as of November 30, 1994 and May 31, 1995
2. Statement of Operations for the year ended November 30, 1994 and the
six months ended May 31, 1995
3. Statement of Changes in Net Assets for each of the two years in the
period ended November 30, 1994 and the six months ended May 31, 1995
4. Financial Highlights for each of the five years in the period ended
November 30, 1994 and the six months ended May 31, 1995
5. Notes to Financial Statements
6. Report of Independent Accountants
(B) EXHIBITS
1. Articles of Incorporation
2. By-Laws of Registrant
3. Not Applicable
4. Not Applicable
5. Not Applicable
6. Not Applicable
7. Reference is made to the section entitled "Management of the Fund" in
the Registrant's Statement of Additional Information
8. Form of Custody Agreement
9. Form of Vanguard Service Agreement
10. Opinion of Counsel
11. Consent of Independent Accountants*
12. Financial Statements -- reference is made to (a) above
13. Not Applicable
14. Not Applicable
15. Not Applicable
16. Schedule for Computation of Performance Quotations
27. Financial Data Schedule
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*Filed herewith
ITEM 25. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH REGISTRANT
Registrant is not controlled by or under common control with any person.
The officers of the Registrant, the investment companies in The Vanguard Group
of Investment Companies and The Vanguard Group, Inc. are identical. Reference is
made to the caption "Management of the Fund" in the Prospectus constituting Part
A and in the Statement of Additional Information constituting Part B of this
Registration Statement.
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ITEM 26. NUMBER OF HOLDERS OF SECURITIES
As of November 30, 1994 the number of shareholders of each portfolio of the
Fund was as follows:
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Prime Portfolio................................................................ 724,370
Federal Portfolio.............................................................. 110,564
U.S. Treasury Portfolio........................................................ 89,658
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As of October 1, 1995, there were 17 shareholders of the Prime Portfolio's
Institutional shares.
ITEM 27. INDEMNIFICATION
Reference is made to Article XI of Registrant's Articles of Incorporation.
ITEM 28. BUSINESS AND OTHER CONNECTIONS OF INVESTMENT ADVISER
Investment advisory services are provided to the Registrant on an at-cost
basis by The Vanguard Group, Inc., a jointly-owned subsidiary of the Registrant
and the other Funds in the Group. See the information concerning The Vanguard
Group set forth in Parts A and B.
ITEM 29. PRINCIPAL UNDERWRITERS
(a) None
(b) Not Applicable
ITEM 30. LOCATION OF ACCOUNTS AND RECORDS
The books, accounts and other documents required by Section 31(a) under the
Investment Company
Act and the rules promulgated thereunder will be maintained in the physical
possession of Registrant; Registrant's Transfer Agent, The Vanguard Group, Inc.
c/o The Vanguard Financial Center, Valley Forge, Pennsylvania 19482; and the
Registrant's Custodian, CoreStates Bank, N.A., Philadelphia, Pa.
ITEM 31. MANAGEMENT SERVICES
Other than the Amended and Restated Funds' Service Agreement with The
Vanguard Group, Inc. which was previously filed as Exhibit 9(c) and described in
Part B hereof under "Management of the Fund;" the Registrant is not a party of
any management-related service contract.
ITEM 32. UNDERTAKINGS
Annual meetings of shareholders will not be held except as required by the
Investment Company Act of 1940 ("1940 Act") or other applicable law. Registrant
undertakes to comply with the provisions of Section 16(c) of the 1940 Act in
regard to shareholders' rights to call a meeting of shareholders for the purpose
of voting on the removal of Directors and to assist in shareholder
communications in such matters, to the extent required by law.
Registrant hereby undertakes to provide an Annual Report to Shareholders or
prospective investors, free of charge, upon request.
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SIGNATURES
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 the 18th day of October, 1995.
VANGUARD MONEY MARKET RESERVES, INC.
BY: (Raymond J. Klapinsky)
John C. Bogle*, Chairman and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this
Post-Effective Amendment to the Registration Statement has been signed below by
the following persons in the capacities and on the date indicated:
BY: (Raymond J. Klapinsky)
John C. Bogle*, Chairman of the Board, Director,
and Chief Executive Officer
October 18, 1995
BY: (Raymond J. Klapinsky)
John J. Brennan*, Director and President
October 18, 1995
BY: (Raymond J. Klapinsky)
Robert E. Cawthorn*, Director
October 18, 1995
BY: (Raymond J. Klapinsky)
Barbara B. Hauptfuhrer*, Director
October 18, 1995
BY: (Raymond J. Klapinsky)
Bruce K. MacLaury, Director
October 18, 1995
BY: (Raymond J. Klapinsky)
Burton G. Malkiel*, Director
October 18, 1995
BY: (Raymond J. Klapinsky)
John C. Sawhill*, Director
October 18, 1995
BY: (Raymond J. Klapinsky)
James O. Welch, Jr.*, Director
October 18, 1995
BY: (Raymond J. Klapinsky)
J. Lawrence Wilson*, Director
October 18, 1995
BY: (Raymond J. Klapinsky)
Richard F. Hyland*, Treasurer and Principal
Financial Officer and Accounting Officer
October 18, 1995
*By Power of Attorney. See File Number 2-14336, January 23, 1990. Incorporated
by Reference.
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INDEX TO EXHIBITS
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Consent of Independent Accountants................................................... EX-99.B11
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EX-99.B11
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in the Prospectuses and
the Statement of Additional Information, constituting parts of this amended
Registration Statement on Form N-1A, of our report dated December 30, 1994,
relating to the financial statements, and the financial highlights, appearing in
the November 30, 1994 Annual Report to Shareholders of Vanguard Money Market
Reserves, Inc. We also consent to the references to us under the headings
"Financial Highlights" and "General Information" in the Prospectuses and
"Financial Statements" in the Statement of Additional Information.
PRICE WATERHOUSE LLP
Philadelphia, PA
October 17, 1995
