FRANKLIN FEDERAL MONEY FUND, 485BPOS, EX-99.J(I), 2000-10-27

FRANKLIN FEDERAL MONEY FUND
485BPOS, EX-99.J(I), 2000-10-27

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                        CONSENT OF INDEPENDENT AUDITORS



We consent to the  incorporation by reference in  Post-Effective  Amendment No.
25 to the  Registration  Statement of Franklin Federal Money Fund on Form N-1A,
File No.  2-67480,  of our reports  dated  August 3, 2000,  on our audit of the
financial  statements and financial  highlights of Franklin  Federal Money Fund
and The Money  Market  Portfolios,  which  reports  are  included in the Annual
Report  to  Shareholders  for the year  ended  June 30,  2000,  filed  with the
Securities   and  Exchange   Commission   pursuant  to  section  30(d)  of  the
Investment  Company Act of 1940,  which is  incorporated  by  reference  in the
Registration  Statement.  We also  consent to the  reference  to our firm under
the captions "Financial Highlights" and "Auditor."




                               /s/ PricewaterhouseCoopers LLP


San Francisco, California
October 27, 2000