FRANKLIN MONEY FUND
24F-2NT, 1996-08-29
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                   U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 24F-2
                        ANNUAL NOTICE OF SECURITIES SOLD
                             PURSUANT TO RULE 24F-2

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1. Name and address of issuer:

Franklin Money Fund
777 Mariners Island Blvd., P.O. Box 7777, San Mateo, CA 94403-7777

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2. Name of each series or class of funds for which this notice is filed:

Franklin Money Fund

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3. Investment Company Act File Number: 811-2605

   Securities Act File Number: 2-55029

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4. Last day of fiscal year for which this notice is filed: 6/30/96


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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:
                                                                           [ ]

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6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
   applicable (see Instruction A.6): n/a

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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: 981,312,082 shares



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8. Number and amount of securities registered during the fiscal year other
   than pursuant to rule 24f-2: 136,787,281 shares




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9. Number and aggregate sale price of securities sold during the fiscal year:

   2,468,743,709 shares ($2,468,743,709)


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10. Number and aggregate sale price of securities sold during the fiscal year in
    reliance upon registration pursuant to rule 24f-2:

   2,315,071,368 shares ($2,315,071,368)

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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): Not Applicable

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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):                                              $2,315,071,368

    (ii) Aggregate price of shares issued in connection
         with dividend reinvestment plans (from Item 11,
         if applicable):                                        + n/a

    (iii)Aggregate price of shares redeemed or
         repurchased during the fiscal year (if
         applicable):                                          -$2,315,071,368

    (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 1/2900
    (vii)Fee due [line (i) or line (v) multiplied by
         line (vii)]:                                          -0-
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     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 wire transfer of filing fees to the 
     Commission's lockbox depository:

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                                   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/ LARRY L. GREENE
                               ASSISTANT SECRETARY
     Date 8/28/96

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                      STRADLEY, RONON, STEVENS & YOUNG, LLP
                            2600 ONE COMMERCE SQUARE
                        PHILADELPHIA, PENNSYLVANIA 19103
                                 (215) 564-8000


Direct Dial:  (215) 564-8101


August 26, 1996

Franklin Money Fund
777 Mariners Island Boulevard
San Mateo, CA  94404

Gentlemen:

            You have requested our opinion with respect to the shares of common
stock sold by Franklin Money Fund (the "Fund") during its fiscal year ended June
30, 1996, in connection with the Notice being filed by the Fund pursuant to Rule
24f-2 under the Investment Company Act of 1940. You have represented that a
total of 2,468,743,709 shares were sold by the Fund during said fiscal year, of
which, 2,315,071,368 shares were sold in reliance upon Rule 24f-2.

            Based upon our review of such records, documents, and
representations as we have deemed relevant, it is our opinion that the shares of
common stock of the Fund sold and issued by the Fund during its fiscal year
ended June 30, 1996, in reliance upon the registration under the Securities Act
of 1933 pursuant to Rule 24f-2 under the Investment Company Act of 1940, as
amended, were legally issued, fully paid and non-assessable.

            We hereby consent to the filing of this opinion as an exhibit to the
"Rule 24f-2 Notice" being filed by the Fund, covering the registration of the
said shares under the Securities Act and the applications and registration
statements, and amendments thereto, filed in accordance with the securities laws
of the various states in which shares of the Fund are offered, and we further
consent to reference in the Prospectus of the Fund to the fact that this opinion
concerning the legality of the issue has been rendered by us.

                                    Very truly yours,

                                    STRADLEY, RONON, STEVENS & YOUNG

                                    By:/s/Audrey C. Talley
                                          Audrey C. Talley






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