<PAGE> PAGE 1
000 B000000 06/30/96
000 C000000 0000890089
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THE MONEY MARKET PORTFOLIOS
001 B000000 811-7038
001 C000000 4153122000
002 A000000 777 MARINERS ISLAND BOULEVARD
002 B000000 SAN MATEO
002 C000000 CA
002 D010000 94403
002 D020000 7777
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007 C020200 THE U.S. GOV. SEC. MONEY MARKET PORTFOLIO
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007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 FRANKLIN ADVISERS, INC.
008 B00AA01 A
008 C00AA01 801-26292
008 D01AA01 SAN MATEO
008 D02AA01 CA
008 D03AA01 94403
008 D04AA01 7777
012 A00AA01 FRANKLIN/TEMPLETON INVESTOR SERVICES, INC.
012 B00AA01 84-1036
012 C01AA01 SAN MATEO
012 C02AA01 CA
012 C03AA01 94403
012 C04AA01 7777
013 A00AA01 COOPERS & LYBRAND L.L.P.
<PAGE> PAGE 2
013 B01AA01 SAN FRANCISCO
013 B02AA01 CA
013 B03AA01 94105
013 B04AA01 2119
015 A00AA01 MORGAN GUARANTY TRUST COMPANY
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10260
015 C04AA01 0023
015 E01AA01 X
015 A00AA02 BANK OF AMERICA NT & SA
015 B00AA02 C
015 C01AA02 SAN FRANCISCO
015 C02AA02 CA
015 C03AA02 94104
015 C04AA02 1502
015 E01AA02 X
015 A00AA03 CITIBANK DELAWARE
015 B00AA03 C
015 C01AA03 NEW CASTLE
015 C02AA03 DE
015 C03AA03 19720
015 C04AA03 2409
015 E01AA03 X
015 A00AA04 BANK OF NEW YORK
015 B00AA04 C
015 C01AA04 NEW YORK
015 C02AA04 NY
015 C03AA04 10286
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019 A00AA00 Y
019 B00AA00 191
019 C00AA00 FRNKTEMGRP
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022 A000001 MORGAN (JP) SECURITIES INC
022 B000001 13-3224016
022 C000001 48539840
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022 A000002 CITICORP
<PAGE> PAGE 3
022 B000002 13-3187336
022 C000002 12201172
022 D000002 0
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022 B000003 13-2639550
022 C000003 11285600
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022 B000004 13-2932996
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022 B000008 13-2633612
022 C000008 5436700
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022 C000009 4969340
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022 B000010 13-4941247
022 C000010 3959615
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<PAGE> PAGE 4
026 F000000 N
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<PAGE> PAGE 5
048 I02AA00 0.000
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080 A00AA00 ICI MUTUAL INSURANCE COMPANY
<PAGE> PAGE 6
080 B00AA00 NONE
080 C00AA00 130000
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084 A00AA00 N
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<PAGE> PAGE 7
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055 A000100 N
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070 C020100 N
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070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
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<PAGE> PAGE 8
070 J010100 N
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
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070 O010100 N
070 O020100 N
070 P010100 Y
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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SIGNATURE KIMBERLY MONASTERIO
TITLE ASST TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MONEY
MARKET PORTFOLIOS JUNE 30, 1996 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> THE MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 1,402,610,588
<INVESTMENTS-AT-VALUE> 1,402,610,588
<RECEIVABLES> 148,434,953
<ASSETS-OTHER> 3,626
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,551,049,167
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 963,920
<TOTAL-LIABILITIES> 963,920
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,550,085,247
<SHARES-COMMON-STOCK> 1,550,085,247
<SHARES-COMMON-PRIOR> 1,305,574,413
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 1,550,085,247
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 81,172,665
<OTHER-INCOME> 0
<EXPENSES-NET> (2,161,625)
<NET-INVESTMENT-INCOME> 79,011,040
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 79,011,040
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (79,011,040)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,507,821,633
<NUMBER-OF-SHARES-REDEEMED> (2,342,329,912)
<SHARES-REINVESTED> 79,019,113
<NET-CHANGE-IN-ASSETS> 244,510,834
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,162,519
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,161,625
<AVERAGE-NET-ASSETS> 1,437,139,430
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .055
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<PER-SHARE-DIVIDEND> (.055)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .150
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
MONEY MARKET PORTFOLIOS JUNE 30, 1996 ANNUAL REPORT AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 02
<NAME> US GOVERNMENT SECURITIES MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 49,361,211
<INVESTMENTS-AT-VALUE> 49,361,211
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 285,971,893
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<OTHER-ITEMS-LIABILITIES> 270,789
<TOTAL-LIABILITIES> 270,789
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 285,701,104
<SHARES-COMMON-STOCK> 285,701,104
<SHARES-COMMON-PRIOR> 474,654,386
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 285,701,104
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 18,038,015
<OTHER-INCOME> 0
<EXPENSES-NET> (483,081)
<NET-INVESTMENT-INCOME> 17,554,934
<REALIZED-GAINS-CURRENT> 683
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 17,555,617
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (17,554,934)
<DISTRIBUTIONS-OF-GAINS> (683)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 824,267,024
<NUMBER-OF-SHARES-REDEEMED> (1,030,775,487)
<SHARES-REINVESTED> 17,555,181
<NET-CHANGE-IN-ASSETS> (188,953,282)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 484,382
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 542,615
<AVERAGE-NET-ASSETS> 322,054,656
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .054
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.054)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .150
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
REPORT OF INDEPENDENT AUDITORS
To the Board of Trustees
of The Money Market Portfolios:
In planning and performing our audit of the financial statements and
financial highlights of the funds comprising the Money Market
Portfolios for the year ended June 30, 1996, we considered their
internal control structure, including procedures for safeguarding
securities, in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial statements and
financial highlights and to comply with the requirements of Form
N-SAR, not to provide assurance on the internal control structure.
The management of the Money Market Portfolios is responsible for
establishing and maintaining an internal control structure. In fulfilling
this responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of internal
control structure policies and procedures. Two of the objectives of an
internal control structure 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 any internal control structure, errors
or irregularities may occur and not be detected. Also, projection of
any evaluation of the structure to future periods is subject to the risk
that it may become inadequate because of changes in conditions or
that the effectiveness of the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure 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 the specific internal
control structure 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 and financial highlights 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 the internal control structure,
including procedures for safeguarding securities, that we consider to
be material weaknesses, as defined above, as of June 30, 1996.
This report is intended solely for the information and use of
management and the Board of Trustees of the Money Market
Portfolios and the Securities and Exchange Commission.
S\Coopers & Lybrand L.L.P.
San Francisco, California
August 6, 1996
