FRANKLIN FEDERAL MONEY FUND
497J, 1998-11-03
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                            FRANKLIN TEMPLETON GROUP
                          777 Mariners Island Boulevard
                               San Mateo, CA 94404


November 3, 1998


Filed Via EDGAR  (CIK #0000316403)
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549-1004

     RE:  FRANKLIN FEDERAL MONEY FUND
          File Nos. 002-67480 and 811-3052

Ladies/Gentlemen:

Pursuant to Rule 497(j)  under the  Securities  Act of 1933,  this is to certify
that the forms of Prospectus and Statement of Additional  Information that would
have been  filed  under  Rule  497(c) do not  differ  from  those  contained  in
Post-Effective  Amendment  No. 23 to the  Registration  Statement  on Form N-1A,
which was filed  electronically  with the Securities and Exchange  Commission on
October 28, 1998.

Sincerely yours,

FRANKLIN FEDERAL MONEY FUND



/s/ Leiann Nuzum
Corporate Counsel

LN/jg

cc:  Mark H. Plafker, Esq




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