INSTITUTIONAL FIDUCIARY TRUST
497J, 1998-11-02
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                            Franklin Templeton Group
                          777 Mariners Island Boulevard
                           San Mateo, California 94404


November 2, 1998


Filed Via EDGAR (CIK #0000765485)
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549-1004

Re:  Institutional Fiduciary Trust
     File Nos. 2-96634 and 811-4267

Ladies/Gentlemen:

Pursuant to Rule 497(j)  under the  Securities  Act of 1933,  this is to certify
that the forms of  Prospectuses  and Statements of Additional  Information  that
would have been filed under Rule 497(c) do not differ  from those  contained  in
Post-Effective  Amendment  No. 28 to the  Registration  Statement  on Form N-1A,
which was filed  electronically  with the Securities and Exchange  Commission on
October 29, 1998.

Sincerely,

INSTITUTIONAL FIDUCIARY TRUST



/s/ Leiann Nuzum
    Corporate Counsel

LN:ms



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