OPPENHEIMER MONEY MARKET FUND INC
NSAR-B, 1998-09-24
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SIGNATURE   GEORGE C. BOWEN                              
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6                       
<CIK>            074673
<NAME>           Oppenheimer Money Market Fund, Inc.
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                            12-MOS
<FISCAL-YEAR-END>                                                       JUL-31-1998
<PERIOD-START>                                                          AUG-01-1997
<PERIOD-END>                                                            JUL-31-1998
<INVESTMENTS-AT-COST>                                                               1,183,743,469
<INVESTMENTS-AT-VALUE>                                                              1,183,743,469
<RECEIVABLES>                                                                          16,585,560
<ASSETS-OTHER>                                                                             88,024
<OTHER-ITEMS-ASSETS>                                                                    4,255,904
<TOTAL-ASSETS>                                                                      1,204,672,957
<PAYABLE-FOR-SECURITIES>                                                                        0
<SENIOR-LONG-TERM-DEBT>                                                                         0
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<SENIOR-EQUITY>                                                                                 0
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</TABLE>

The Board of Directors and Shareholders of
Oppenheimer Money Market Fund, Inc.:


In planning and performing our audit of the financial  statements of Oppenheimer
Money Market Fund,  Inc. for the year ended July 31,  1998,  we  considered  its
internal controls, including procedures 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 controls.

The  management  of  Oppenheimer  Money Market  Fund,  Inc. is  responsible  for
establishing   and   maintaining   internal   controls.   In   fulfilling   this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of internal control policies and procedures.
Two of the  objectives  of  internal  controls  are to provide  management  with
reasonable, but not absolute, assurance that assets are safeguarded against loss
from  unauthorized  use or  disposition  and that  transactions  are executed in
accordance  with  management's  authorization  and  recorded  properly to permit
preparation  of financial  statements  in  conformity  with  generally  accepted
accounting principles.

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

Our  consideration  of internal  controls  would not  necessarily  disclose  all
matters in internal  controls 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 specific
internal  control  elements  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 controls,  including
procedures  for  safeguarding  securities,  that we  considered  to be  material
weaknesses as defined above as of July 31, 1998.

This report is intended solely for the information and use of management and the
Securities and Exchange Commission and should not be used for any other purpose.




                                                     KPMG Peat Marwick LLP


Denver, Colorado
August 21, 1998


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