MMF-LE
SUPPLEMENT DATED JULY 24, 1995
TO THE PROSPECTUS
FRANKLIN FEDERAL MONEY FUND
DATED APRIL 1, 1995
FRANKLIN CASH RESERVES FUND
(Institutional Fiduciary Trust)
DATED APRIL 1, 1995
TEMPLETON MONEY FUND
DATED JANUARY 1, 1995, AS SUPPLEMENTED MAY 25, 1995
The following classification of limited exchanges is added under "Exchange
Privilege - Retirement Plans":
Limited Class II Exchanges. In situations where assets from retirement plan
accounts are temporarily invested in the Fund while awaiting final allocation or
investment instructions from the plan participant, and where such final
allocation or investment instructions involve Class II shares, Fund shares may
be exchanged for available Class II shares of the Franklin Templeton Funds (as
such term is defined in the Prospectus). The time period during which the assets
were invested in the Fund will not, however, count toward the contingency period
for purpose of the contingent deferred sales charge associated with Class II
shares. Assets previously subject to a commission by the Franklin Templeton
Funds will be precluded from using this limited exchange privilege.
