<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
TAX-EXEMPT MONEY FUND JULY 31, 2000 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIR
ETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 011
<NAME> FRANKLIN TAX-EXEMPT MONEY FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-END> JUL-31-2000
<INVESTMENTS-AT-COST> 214,835,073
<INVESTMENTS-AT-VALUE> 214,835,073
<RECEIVABLES> 5,006,363
<ASSETS-OTHER> 76,469
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 219,917,905
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 50,579,861
<TOTAL-LIABILITIES> 50,579,861
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 169,338,044
<SHARES-COMMON-STOCK> 169,338,044
<SHARES-COMMON-PRIOR> 190,726,733
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 169,338,044
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,763,832
<OTHER-INCOME> 0
<EXPENSES-NET> (1,526,082)
<NET-INVESTMENT-INCOME> 6,237,750
<REALIZED-GAINS-CURRENT> (27,731)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 6,210,019
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,210,019)<F1>
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,067,007,731
<NUMBER-OF-SHARES-REDEEMED> (2,094,576,141)
<SHARES-REINVESTED> 6,179,721
<NET-CHANGE-IN-ASSETS> (21,388,689)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (1,159,574)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,526,082)
<AVERAGE-NET-ASSETS> 206,548,489
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .030
<PER-SHARE-GAIN-APPREC> .000
<PER-SHARE-DIVIDEND> (.030)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .740
<FN>
<F1>DISTRIBUTIONS WERE DECREASED BY NET REALIZED
LOSSES FROM SECURITY TRANSACTIONS OF $27,731 FOR
THE YEAR ENDED JULY 31, 2000.
</FN>
</TABLE>
