COMMAND MONEY FUND
NSAR-B, 1997-08-27
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SIGNATURE   GRACE TORRES                                 
TITLE       TREASURER           
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>











<ARTICLE> 6
<CIK> 0000355347
<NAME> THE COMMAND MONEY FUND
       
<S>                             <C>
<PERIOD-TYPE>                      YEAR
<FISCAL-YEAR-END>                          JUNE-30-1997
<PERIOD-END>                               JUNE-30-1997
<INVESTMENTS-AT-COST>                    6,567,067,683
<INVESTMENTS-AT-VALUE>                   6,567,067,683
<RECEIVABLES>                              235,254,351
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</TABLE>






August 21, 1997

To the Shareholders and Trustees of
Command Money Fund


In planning and performing our audit of
the financial statements of Command
Money Fund (the "Fund") for the year
ended June 30, 1997, we considered its
internal control, including control
activities for safeguarding securities,
in order to determine our auditing
procedures for the purpose of expressing
our opinion on the financial statements
and to comply with the requirements of
Form N-SAR, not to provide assurance on
internal control.

The management of the Fund is
responsible for establishing and
maintaining internal control.  In
fulfilling this responsibility,
estimates and judgments by management
are required to assess the expected
benefits and related costs of control
activities.  Generally, control
activities that are relevant to an audit
pertain to the entity's objective of
preparing financial statements for
external purposes that are fairly
presented in conformity with generally
accepted accounting principles.  Those
control activities include the
safeguarding of assets against
unauthorized acquisition, use or
disposition.

Because of inherent limitations in
internal control, errors or
irregularities may occur and not be
detected.  Also, projection of any
evaluation of internal control to future
periods is subject to the risk that it
may become inadequate because of changes
in conditions or that the effectiveness
of the design and operation may
deteriorate.

Our consideration of internal control
would not necessarily disclose all
matters in internal control that might
be material weaknesses under standards
established by the American Institute of
Certified Public Accountants.  A
material weakness is a condition in
which the design or operation of any
specific internal control components
does not reduce to a relatively low
level the risk that errors or
irregularities in amounts that would be
material in relation to the financial
statements being audited may occur and
not be detected within a timely period
by employees in the normal course of
performing their assigned functions.
However, we noted no matters involving
internal control, including control
activities for safeguarding securities,
that we consider to be material
weaknesses as defined above as of June
30, 1997.

This report is intended solely for the
information and use of management and
the Trustees of the Fund and the
Securities and Exchange Commission.


Price Waterhouse LLP



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