<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE INSTITUTIONAL FIDUCIARY TRUST JUNE 30, 2000 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> YEAR
<FISCAL-YEAR-END> JUN-30-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 119,060,923
<INVESTMENTS-AT-VALUE> 119,060,923
<RECEIVABLES> 971,145
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 120,032,068
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,951,524
<TOTAL-LIABILITIES> 2,951,524
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 117,080,544
<SHARES-COMMON-STOCK> 117,080,544
<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> 117,080,544
<DIVIDEND-INCOME> 6,997,090
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> (834,033)
<NET-INVESTMENT-INCOME> 6,163,057
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 6,163,057
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,163,057)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 199,299,321
<NUMBER-OF-SHARES-REDEEMED> (223,770,881)
<SHARES-REINVESTED> 6,162,552
<NET-CHANGE-IN-ASSETS> (18,309,008)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (314,363)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (834,033)
<AVERAGE-NET-ASSETS> 125,392,358
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .049
<PER-SHARE-GAIN-APPREC> .000
<PER-SHARE-DIVIDEND> (.049)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .810<F1>
<FN>
<F1>THE EXPENSE RATIO INCLUDES THE FUND'S SHARE OF THE PORTFOLIO'S
ALLOCATED EXPENSES. RATIO OF EXPENSES EXCLUDING WAIVER AND
PAYMENTS BY AFFILIATE .82%.
</FN>
</TABLE>
