<PAGE> PAGE 1
000 A000000 12/31/98
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 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 2
007 C010100 1
007 C020100 THE MONEY MARKET PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 THE U.S. GOV. SEC. MONEY MARKET PORTFOLIO
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
008 A00AA01 FRANKLIN ADVISERS, INC.
008 B00AA01 A
008 C00AA01 801-26292
008 D01AA01 SAN MATEO
<PAGE> PAGE 2
008 D02AA01 CA
008 D03AA01 94404
008 D04AA01 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
015 A00AA01 BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10286
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 197
019 C00AA00 FRNKTEMGRP
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 J.P. MORGAN SECURITIES INC.
022 B000001 13-3224016
022 C000001 18301051
022 D000001 0
022 A000002 MORGAN STANLEY & CO. INC.
022 B000002 13-2655998
022 C000002 18239528
022 D000002 0
022 A000003 SWISS BANK CORP INV BANK
022 B000003 13-2639550
022 C000003 13247685
022 D000003 0
022 A000004 CIBC OPPENHEIMER CORP.
022 B000004 13-3639028
022 C000004 10127433
022 D000004 0
<PAGE> PAGE 3
022 A000005 BARCLAYS CAPITAL INC.
022 B000005 13-3551367
022 C000005 9891400
022 D000005 0
022 A000006 DEUTSCHE BANK CAPITAL CORP.
022 B000006 13-6124068
022 C000006 5453300
022 D000006 0
022 A000007 MERRILL LYNCH GOVERNMENT SECURITIES INC.
022 B000007 13-2761776
022 C000007 4973851
022 D000007 0
022 A000008 NATIONSBANC MONTGOMERY SECURITIES LLC
022 B000008 95-4035346
022 C000008 4626452
022 D000008 0
022 A000009 DRESDNER KLEINWORT BENSON NA LLC
022 B000009 04-2442748
022 C000009 4475000
022 D000009 0
022 A000010 CHASE SECURITIES INC.
022 B000010 13-3112953
022 C000010 1955731
022 D000010 0
023 C000000 94812096
023 D000000 50011
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
<PAGE> PAGE 4
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.150
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
<PAGE> PAGE 5
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 5000000
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
077 A000000 Y
077 Q010000 Y
078 000000 N
080 C00AA00 0
081 B00AA00 0
082 B00AA00 0
083 B00AA00 0
084 B00AA00 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
024 000100 Y
025 A000101 J.P. MORGAN SECURITIES INC.
025 B000101 13-3224016
025 C000101 D
025 D000101 73783
025 A000102 MORGAN STANLEY & CO. INC.
025 B000102 13-2655998
025 C000102 D
025 D000102 24956
025 A000103 SWISS BANK CORP., NY BRANCH
025 B000103 13-2639550
025 C000103 D
025 D000103 24997
025 A000104 BARCLAYS CAPITAL INC.
<PAGE> PAGE 6
025 B000104 13-3551367
025 C000104 D
025 D000104 34410
025 A000105 DEUTSCHE BANK CAPITAL CORP
025 B000105 13-6124068
025 C000105 D
025 D000105 40014
025 A000106 DRESDNER KLEINWORT BENSON NA
025 B000106 04-2442748
025 C000106 D
025 D000106 75007
025 D000107 0
025 D000108 0
028 A010100 512466
028 A020100 9841
028 A030100 0
028 A040100 528715
028 B010100 637280
028 B020100 10222
028 B030100 0
028 B040100 247544
028 C010100 741944
028 C020100 11780
028 C030100 0
028 C040100 539452
028 D010100 741082
028 D020100 12274
028 D030100 0
028 D040100 790359
028 E010100 604605
028 E020100 11119
028 E030100 0
028 E040100 801640
028 F010100 1141993
028 F020100 11196
028 F030100 0
028 F040100 937212
028 G010100 4379370
028 G020100 66432
028 G030100 0
028 G040100 3844922
028 H000100 0
055 A000100 N
055 B000100 N
056 000100 N
057 000100 N
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 7.0
062 E000100 0.0
<PAGE> PAGE 7
062 F000100 39.8
062 G000100 0.0
062 H000100 0.0
062 I000100 43.7
062 J000100 0.0
062 K000100 0.0
062 L000100 8.7
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 56
063 B000100 0.0
064 A000100 N
064 B000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
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
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
<PAGE> PAGE 8
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 6
072 B000100 68306
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 1881
072 G000100 0
072 H000100 0
072 I000100 0
072 J000100 9
072 K000100 0
072 L000100 3
072 M000100 4
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 22
072 S000100 5
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 49
072 X000100 1973
072 Y000100 89
072 Z000100 66422
072AA000100 9
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 66431
072DD020100 0
072EE000100 0
073 A010100 0.0270
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 5
074 B000100 184320
074 C000100 2438014
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
<PAGE> PAGE 9
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 22798
074 M000100 0
074 N000100 2645137
074 O000100 0
074 P000100 318
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 310
074 S000100 0
074 T000100 2644509
074 U010100 2644509
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 1.0000
074 X000100 6
074 Y000100 0
075 A000100 2490420
075 B000100 0
076 000100 0.00
024 000200 N
025 D000201 0
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 36535
028 A020200 1183
028 A030200 0
028 A040200 48954
028 B010200 82217
028 B020200 1247
028 B030200 0
028 B040200 42367
028 C010200 79553
028 C020200 0
028 C030200 0
028 C040200 56912
028 D010200 136016
028 D020200 2699
028 D030200 0
028 D040200 129815
028 E010200 15207
<PAGE> PAGE 10
028 E020200 1219
028 E030200 0
028 E040200 43891
028 F010200 111323
028 F020200 1256
028 F030200 0
028 F040200 116909
028 G010200 460851
028 G020200 7604
028 G030200 0
028 G040200 438848
028 H000200 0
055 A000200 N
055 B000200 N
056 000200 N
057 000200 N
062 A000200 Y
062 B000200 19.0
062 C000200 0.0
062 D000200 80.7
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 47
063 B000200 0.0
064 A000200 N
064 B000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
<PAGE> PAGE 11
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 6
072 B000200 7830
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 225
072 G000200 0
072 H000200 0
072 I000200 0
072 J000200 1
072 K000200 0
072 L000200 1
072 M000200 1
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 4
072 S000200 1
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 7
072 X000200 240
<PAGE> PAGE 12
072 Y000200 14
072 Z000200 7604
072AA000200 0
072BB000200 0
072CC010200 0
072CC020200 0
072DD010200 7604
072DD020200 0
072EE000200 0
073 A010200 0.0260
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 6
074 B000200 236360
074 C000200 55482
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 1190
074 M000200 0
074 N000200 293038
074 O000200 0
074 P000200 39
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 166
074 S000200 0
074 T000200 292833
074 U010200 292833
074 U020200 0
074 V010200 1.00
074 V020200 0.00
074 W000200 1.0005
074 X000200 2
074 Y000200 0
075 A000200 298168
075 B000200 0
076 000200 0.00
SIGNATURE LAURA FERGERSON
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
MONEY MARKET PORTFOLIOS DECEMBER 31, 1998 SEMI 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> 6-MOS
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 2,438,013,820
<INVESTMENTS-AT-VALUE> 2,438,013,820
<RECEIVABLES> 207,117,815
<ASSETS-OTHER> 5,393
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,645,137,028
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 628,129
<TOTAL-LIABILITIES> 628,129
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,644,508,899
<SHARES-COMMON-STOCK> 2,644,508,899
<SHARES-COMMON-PRIOR> 2,043,629,303
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 2,644,508,899
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 68,305,549
<OTHER-INCOME> 0
<EXPENSES-NET> (1,883,166)
<NET-INVESTMENT-INCOME> 66,422,383
<REALIZED-GAINS-CURRENT> 9,343
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 66,431,726
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (66,431,726)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,379,369,896
<NUMBER-OF-SHARES-REDEEMED> (3,844,921,828)
<SHARES-REINVESTED> 66,431,528
<NET-CHANGE-IN-ASSETS> 600,879,596
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (1,881,196)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,972,799)
<AVERAGE-NET-ASSETS> 2,490,420,130
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.027
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> (0.027)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.150<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
<FN>
<F1>ANNUALIZED;RATIO OF EXPENSES EXCLUDING WAIVER AND PAYMENTS BY AFFILIATE
AMOUNTED TO 0.16%.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
MONEY MARKET PORTFOLIOS DECEMBER 31, 1998 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> US GOVERNMENT SECURITIES MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 55,482,161
<INVESTMENTS-AT-VALUE> 55,482,161
<RECEIVABLES> 237,550,077
<ASSETS-OTHER> 5,533
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 293,037,771
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 204,729
<TOTAL-LIABILITIES> 204,729
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 292,833,042
<SHARES-COMMON-STOCK> 292,833,042
<SHARES-COMMON-PRIOR> 263,226,378
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 292,833,042
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,829,666
<OTHER-INCOME> 0
<EXPENSES-NET> (225,464)
<NET-INVESTMENT-INCOME> 7,604,202
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 7,604,202
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,604,202)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 460,850,849
<NUMBER-OF-SHARES-REDEEMED> (438,848,638)
<SHARES-REINVESTED> 7,604,453
<NET-CHANGE-IN-ASSETS> 29,606,664
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (225,450)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (239,527)
<AVERAGE-NET-ASSETS> 298,168,173
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.026
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> (0.026)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.150<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
<FN>
<F1>ANNUALIZED; RATIO OF EXPENSES EXCLUDING WAIVER AND PAYMENTS BY
AFFILIATE AMOUNTED TO 0.16%.
</FN>
</TABLE>
