U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
Read instructions at end of Form before preparing Form.
Please print or type.
1. Name and address of issuer: FBL Money Market Fund, Inc.,
5400 University Avenue, West Des Moines, IA 50266
2. Name of each series or class of funds for which this notice
is filed: N/A
3. Investment Company Act File Number: 811-3121
Securities Act File Number: 2-70162
4. Last day of fiscal year for which this notice is filed:
July 31, 1997
5. Check box if this notice is being filed more than 180 days
after the close of the issuer's fiscal year for purposes of
reporting securities sold after the close of the fiscal year but
before termination of the issuer's 24f-2 declaration [ ]:
6. Date of termination of issuer's declaration under rule 24f-
2(a)(1), if applicable (see Instruction A.6):
7. Number and amount of securities of the same class or series
which had been registered under the Securities Act of 1933 other
than pursuant to rule 24f-2 in a prior fiscal year, but which
remained unsold at the beginning of the fiscal year:
8. Number and amount of securities registered during the fiscal
year other than pursuant to rule 24f-2:
9. Number and aggregate sale price of securities sold during
the fiscal year:
80,558,632 shares, $80,558,632
10. Number and aggregate sale price of securities sold during
the fiscal year in reliance upon registration pursuant to rule
24f-2:
80,558,632 shares, $80,558,632
11. Number and aggregate sale price of securities issued during
the fiscal year in connection with dividend reinvestment plans,
if applicable (see Instruction B.7):
939,265 shares, $939,265
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the
fiscal year in reliance on rule 24f-2 (from Item
10): $ 80,558,632
(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if
applicable): + 939,265
(iii)Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): - 81,497,897
(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction to filing fees
pursuant to rule 24e-2 (if applicable): $ N/A
(v) Net aggregate price of securities sold and issued
during the fiscal year in reliance on rule 24f-2 (line
(i), plus line (ii), less line (iii), plus line (iv)
(if applicable): 0
(vi) Multiplier prescribed by Section 6(b) of the Securities
Act of 1933 or other applicable law or regulation
(see Instruction C.6): X 1/3300
(vii)Fee due [line (i) or line (v) multiplied by line
(vi)]: $ 0
Instruction: Issuers should complete lines (ii), (iii), (iv),
and (v) only if the form is being filed within 60 days after the
close of the issuer's fiscal year. See Instruction C.3.
13. Check box if fees are being remitted to the Commission's
lockbox depository as described in section 3a of the Commission's
Rules of Informal and Other Procedures (17 CFR 202.3a) [ ]
Date of mailing or write transfer of filing fees to the
Commission's lockbox depository:
SIGNATURES
This report has been signed below by the following persons on
behalf of the issuer and in the capacities and on the dates
indicated.
By (Signature and Title)* /s/ Dennis M. Marker
Dennis M. Marker, Vice President
Date September 19, 1997
*Please print the name and title of the signing officer below the
signature.
Vedder, Price, Kaufman & Kammholz
222 N. LaSalle St.
Chicago, IL 60601-1003
312-609-7500
Charles F. Custer
312-609-7545
September 18, 1997
FBL Money Market Fund, Inc.
5400 University Avenue
West Des Moines, IA 50266
Re: Rule 24f-2 Notice for FBL Money Market Fund, Inc.
File No 2-70162
Gentlemen:
Reference is made to the Fund's Registration Statement under the
Securities Act of 1933 and the Investment Company Act of 1940 (the
"1940 Act") on Form N1-A and all amendments thereto and the Rule 24f-2
Notice ("Notice") to be filed by the Fund with the Securities and
Exchange Commission pursuant to Rule 24f-2 under the 1940 Act for the
fiscal year ended July 31, 1997. Reference is also made to the
80,558,632 shares (the "Shares") specified in said Notice as having
been sold in reliance upon registration pursuant to Rule 24f-2.
Assuming that the Fund's Articles of Incorporation dated
November 3, 1980, as restated on February 23, 1981, and the By-Laws of
the Fund adopted November 6, 1980, as amended August, 1987 and November
11, 1987, are presently in full force and effect and have not been
further amended in any respect and that the resolutions adopted by the
Board of Directors on November 6, 1980 relating to organizational matters
and the issuance of shares are presently in full force and effect and
have not been amended in any respect, and in reliance upon a Certificate
of Good Standing issued by the Secretary of the State of Maryland on
September 12, 1997, it is our opinion that the Shares, the registration
of which the Notice makes definite in number, were legally issued, fully
paid and nonassessable. In rendering this opinion, we have relied upon an
Officer's Certificate executed by the Assistant Secretary of the Fund
representing that all Shares of the Fund have been issued at the net
asset value determined in accordance with the Fund's prospectus.
This opinion is solely for the benefit of the Fund, the
Fund's Board of Directors and the Fund's officers and may not be
relied upon by any other person without our prior written consent.
We consent to the use of this opinion in connection with the Notice
to be filed with the Securities and Exchange Commission pursuant to
Rule 24f-2 under the 1940 Act.
Sincerely,
/s/ Vedder, Price, Kaufman & Kammholz
VEDDER, PRICE, KAUFMAN & KAMMHOLZ
