<PAGE> PAGE 1
000 A000000 12/31/1999
000 C000000 0000765485
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 INSTITUTIONAL FIDUCIARY TRUST
001 B000000 811-4267
001 C000000 6503122000
002 A000000 777 MARINERS ISLAND BOULEVARD
002 B000000 SAN MATEO
002 C000000 CA
002 D010000 94404
002 D020000 1585
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 3
007 C010100 1
007 C020100 MONEY MARKET PORTFOLIO
007 C030100 N
007 C010200 2
007 C010300 3
007 C020300 FRANKLIN U.S. GOVT SECURITIES MONEY MKT PORTF
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C020900 FRANKLIN CASH RESERVES FUND
007 C030900 N
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007 C011200 12
007 C011300 13
007 C011400 14
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007 C011600 16
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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010 A00AA01 FRANKLIN ADVISORS, INC.
010 B00AA01 801-26292
010 C01AA01 SAN MATEO
010 C02AA01 CA
010 C03AA01 94404
010 C04AA01 1585
011 A00AA01 FRANKLIN/TEMPLETON DISTRIBUTORS, INC.
011 B00AA01 8-5889
011 C01AA01 SAN MATEO
011 C02AA01 CA
011 C03AA01 94404
011 C04AA01 1585
012 A00AA01 FRANKLIN/TEMPLETON INVESTOR SERVICES, INC.
012 B00AA01 84-1036
012 C01AA01 SAN MATEO
012 C02AA01 CA
012 C03AA01 94404
012 C04AA01 1585
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 SAN FRANCISCO
013 B02AA01 CA
013 B03AA01 94105
013 B04AA01 2119
014 A00AA01 FRANKLIN/TEMPLETON DISTRIBUTORS, INC.
014 B00AA01 8-5889
015 A00AA01 BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10286
015 E01AA01 X
015 A00AA02 FRANKLIN/TEMPLETON INVESTOR SERVICES, INC.
015 B00AA02 C
015 C01AA02 SAN MATEO
<PAGE> PAGE 4
015 C02AA02 CA
015 C03AA02 94404
015 C04AA02 1585
015 E03AA02 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 234
019 C00AA00 FRNKTEMGRP
020 C000001 0
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<PAGE> PAGE 5
026 B000000 N
026 C000000 N
026 D000000 N
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
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045 00AA00 N
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<PAGE> PAGE 6
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
062 A00AA00 N
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062 C00AA00 0.0
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062 O00AA00 0.0
062 P00AA00 0.0
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062 R00AA00 0.0
066 A00AA00 Y
066 B00AA00 N
066 C00AA00 N
066 D00AA00 N
066 E00AA00 N
066 F00AA00 Y
066 G00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
070 A01AA00 Y
070 A02AA00 N
070 B01AA00 N
070 B02AA00 N
070 C01AA00 N
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 N
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 N
<PAGE> PAGE 7
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 Y
070 L01AA00 Y
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
070 N01AA00 Y
070 N02AA00 N
070 O01AA00 N
070 O02AA00 N
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
077 A000000 Y
077 Q010000 Y
078 000000 N
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028 B010100 425159
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028 G010100 2892698
028 G020100 12219
028 G030100 0
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037 000100 N
038 000100 0
<PAGE> PAGE 8
039 000100 N
040 000100 Y
041 000100 N
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
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072 A000100 6
072 B000100 0
072 C000100 14421
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072 Z000100 13874
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<PAGE> PAGE 9
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
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074 D000100 0
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074 F000100 0
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074 H000100 0
074 I000100 600930
074 J000100 0
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074 L000100 95
074 M000100 0
074 N000100 601025
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028 A010300 32866
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<PAGE> PAGE 10
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037 000300 N
038 000300 0
039 000300 N
040 000300 Y
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<PAGE> PAGE 11
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<PAGE> PAGE 12
076 000300 0.00
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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SIGNATURE KIMBERLEY MONASTERIO
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE INSTITUTIONAL FIDUCIARY TRUST DECEMBER 31, 1999 SEMI-ANNUAL
REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-2000
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 600,929,608
<INVESTMENTS-AT-VALUE> 600,929,608
<RECEIVABLES> 94,994
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 601,024,602
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 340,689
<TOTAL-LIABILITIES> 340,689
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 600,683,913
<SHARES-COMMON-STOCK> 600,683,913
<SHARES-COMMON-PRIOR> 1,289,009,988
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 600,683,913
<DIVIDEND-INCOME> 14,421,142
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> (547,384)
<NET-INVESTMENT-INCOME> 13,873,758
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 13,873,758
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (13,873,758)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,892,697,656
<NUMBER-OF-SHARES-REDEEMED> (3,593,242,627)
<SHARES-REINVESTED> 12,218,896
<NET-CHANGE-IN-ASSETS> (688,326,075)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (547,273)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (594,962)
<AVERAGE-NET-ASSETS> 542,921,925
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .026
<PER-SHARE-GAIN-APPREC> .000
<PER-SHARE-DIVIDEND> (.026)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .350<F1>
<FN>
<F1>ANNUALIZED. THE EXPENSE RATIO INCLUDES THE FUND'S SHARE OF THE
PORTFOLIO'S ALLOCATED EXPENSES. EXPENSE RATIO EXCLUDING WAIVER AND
PAYMENTS BY AFFILIATE IS .38%
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
INSTITUTIONAL FIDUCIARY TRUST DECEMBER 31, 1999 SEMI-ANNUAL REPORT AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> FRANKLIN U.S. GOVERNMENT SECURITIES MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-2000
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 68,738,848
<INVESTMENTS-AT-VALUE> 68,738,848
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 68,738,848
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 47,600
<TOTAL-LIABILITIES> 47,600
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 68,691,248
<SHARES-COMMON-STOCK> 68,691,248
<SHARES-COMMON-PRIOR> 111,566,032
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 68,691,248
<DIVIDEND-INCOME> 2,207,836
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> (88,512)
<NET-INVESTMENT-INCOME> 2,119,324
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,119,324
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,119,324)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 93,205,704
<NUMBER-OF-SHARES-REDEEMED> (137,826,878)
<SHARES-REINVESTED> 1,746,390
<NET-CHANGE-IN-ASSETS> (42,874,784)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (111,767)
<AVERAGE-NET-ASSETS> 87,789,815
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .024
<PER-SHARE-GAIN-APPREC> .000
<PER-SHARE-DIVIDEND> (.024)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .350<F1>
<FN>
<F1>ANNUALIZED. THE EXPENSE RATIO INCLUDES THE FUND'S SHARE
OF THE PORTFOLIO'S ALLOCATED EXPENSES. EXPENSE RATIO EXCLUDING
WAIVER AND PAYMENTS BY AFFILIATE IS .42%.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE INSTITUTIONAL FIDUCIARY TRUST DECEMBER 31, 1999
SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 9
<NAME> FRANKLIN CASH RESERVES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-2000
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 123,859,827
<INVESTMENTS-AT-VALUE> 123,859,827
<RECEIVABLES> 4,625,313
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 128,485,140
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,728,730
<TOTAL-LIABILITIES> 6,728,730
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 121,756,410
<SHARES-COMMON-STOCK> 121,756,410
<SHARES-COMMON-PRIOR> 135,389,552
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 121,756,410
<DIVIDEND-INCOME> 3,512,668
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> (452,679)
<NET-INVESTMENT-INCOME> 3,059,989
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3,059,989
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,059,989)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 112,983,213
<NUMBER-OF-SHARES-REDEEMED> (129,676,322)
<SHARES-REINVESTED> 3,059,967
<NET-CHANGE-IN-ASSETS> (13,633,142)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (166,802)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (452,679)
<AVERAGE-NET-ASSETS> 132,348,200
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .023
<PER-SHARE-GAIN-APPREC> .000
<PER-SHARE-DIVIDEND> (.023)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .830<F1>
<FN>
<F1>ANNUALIZED. THE EXPENSE RATIO INCLUDES THE FUND'S SHARE OF THE
PORTFOLIO'S ALLOCATED EXPENSES. EXPENSE RATIO EXCLUDING WAIVER
AND PAYMENTS BY AFFILIATE IS .84%.
</FN>
</TABLE>
