<PAGE> PAGE 1
000 B000000 06/30/99
000 C000000 0000890089
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
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
008 A00AA01 FRANKLIN ADVISERS, INC.
008 B00AA01 A
008 C00AA01 801-26292
008 D01AA01 SAN MATEO
008 D02AA01 CA
008 D03AA01 94404
008 D04AA01 1585
010 A00AA01 DELETE
011 A00AA01 DELETE
012 A00AA01 FRANKLIN/TEMPLETON INVESTOR SERVICES, INC.
012 B00AA01 84-1036
012 C01AA01 SAN MATEO
012 C02AA01 CA
012 C03AA01 94404
<PAGE> PAGE 2
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 234
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 MORGAN STANLEY DEAN WITTER & CO.
022 B000001 13-2655998
022 C000001 36374454
022 D000001 0
022 A000002 J.P. MORGAN SECURITIES INC.
022 B000002 13-3224016
022 C000002 36362038
022 D000002 0
022 A000003 CIBC OPPENHEIMER CORP.
022 B000003 13-3639028
022 C000003 24727883
022 D000003 0
022 A000004 SWISS BANK CORP INV BANK
022 B000004 13-2639550
022 C000004 23493355
022 D000004 0
022 A000005 BARCLAYS CAPITAL INC
022 B000005 13-3551367
022 C000005 21383920
022 D000005 0
022 A000006 BANC AMERICA SECURITIES LLC
022 B000006 52-2058405
022 C000006 15410034
022 D000006 0
<PAGE> PAGE 3
022 A000007 DRESDNER KLEINWORT BENSON NA, LLC
022 B000007 04-2442748
022 C000007 13360790
022 D000007 0
022 A000008 CHASE SECURITIES INC
022 B000008 13-3112953
022 C000008 9943790
022 D000008 0
022 A000009 DEUTSCHE BANK CAPITAL CORP
022 B000009 13-6124068
022 C000009 9547950
022 D000009 0
022 A000010 UNION BANK OF SWITZERLAND
022 B000010 13-3873456
022 C000010 6054440
022 D000010 0
023 C000000 211610325
023 D000000 125092
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
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
<PAGE> PAGE 4
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
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
058 A00AA00 N
<PAGE> PAGE 5
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 B000000 Y
077 Q010000 Y
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 B00AA00 NONE
080 C00AA00 175000
081 A00AA00 Y
081 B00AA00 232
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
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 AMERICAN EXPRESS SERVICE CORP.
025 B000101 11-1988350
025 C000101 D
025 D000101 124421
025 A000102 FORD MOTOR CREDIT CORP.
025 B000102 38-1612444
025 C000102 D
025 D000102 98913
025 A000103 MORGAN STANLEY DEAN WITTER
025 B000103 13-2655998
025 C000103 D
025 D000103 49762
<PAGE> PAGE 6
025 A000104 SALOMON SMITH BARNEY
025 B000104 13-1912900
025 C000104 D
025 D000104 49722
025 A000105 SOCIETE GENERALE SEC CORP.
025 B000105 13-1976032
025 C000105 D
025 D000105 49658
025 A000106 WACHOVIA BANK
025 B000106 58-0242985
025 C000106 D
025 D000106 25000
025 D000107 0
025 D000108 0
028 A010100 856024
028 A020100 11210
028 A030100 0
028 A040100 981355
028 B010100 1461119
028 B020100 10178
028 B030100 0
028 B040100 1099644
028 C010100 1098103
028 C020100 11357
028 C030100 0
028 C040100 1197431
028 D010100 987054
028 D020100 10747
028 D030100 0
028 D040100 1120062
028 E010100 2049835
028 E020100 11255
028 E030100 0
028 E040100 1641737
028 F010100 2482760
028 F020100 13178
028 F030100 0
028 F040100 1934696
028 G010100 8934895
028 G020100 67925
028 G030100 0
028 G040100 7974925
028 H000100 0
055 A000100 Y
055 B000100 N
056 000100 N
057 000100 N
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 30.7
<PAGE> PAGE 7
062 E000100 0.0
062 F000100 27.2
062 G000100 0.0
062 H000100 0.0
062 I000100 39.1
062 J000100 0.0
062 K000100 0.0
062 L000100 3.4
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 57
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
<PAGE> PAGE 8
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 12
072 B000100 138357
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 3997
072 G000100 0
072 H000100 0
072 I000100 0
072 J000100 26
072 K000100 0
072 L000100 2
072 M000100 0
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 42
072 S000100 11
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 19
072 X000100 4097
072 Y000100 96
072 Z000100 134356
072AA000100 9
072BB000100 8
072CC010100 0
072CC020100 0
072DD010100 134357
072DD020100 0
072EE000100 0
073 A010100 0.0510
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 1
074 B000100 1127860
074 C000100 2559403
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
<PAGE> PAGE 9
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 10624
074 M000100 0
074 N000100 3697888
074 O000100 24998
074 P000100 424
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 62
074 S000100 0
074 T000100 3672404
074 U010100 3672404
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 0.9994
074 X000100 4
074 Y000100 0
075 A000100 2667340
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 126476
028 A020200 1298
028 A030200 0
028 A040200 109355
028 B010200 56785
028 B020200 1097
028 B030200 0
028 B040200 64519
028 C010200 37513
028 C020200 1166
028 C030200 0
028 C040200 95561
028 D010200 80136
028 D020200 965
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028 D040200 105090
<PAGE> PAGE 10
028 E010200 117532
028 E020200 1009
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028 E040200 78510
028 F010200 84132
028 F020200 1025
028 F030200 0
028 F040200 90474
028 G010200 502574
028 G020200 6560
028 G030200 0
028 G040200 543509
028 H000200 0
055 A000200 Y
055 B000200 N
056 000200 N
057 000200 N
062 A000200 Y
062 B000200 31.1
062 C000200 0.0
062 D000200 68.4
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 36
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
<PAGE> PAGE 11
070 G010200 N
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 12
072 B000200 14597
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 438
072 G000200 0
072 H000200 0
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072 J000200 3
072 K000200 0
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072 M000200 0
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072 O000200 0
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072 R000200 4
072 S000200 1
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072 U000200 0
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<PAGE> PAGE 12
072 X000200 446
072 Y000200 7
072 Z000200 14158
072AA000200 0
072BB000200 0
072CC010200 0
072CC020200 0
072DD010200 14158
072DD020200 0
072EE000200 0
073 A010200 0.0490
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 1
074 B000200 176870
074 C000200 80310
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
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074 L000200 1324
074 M000200 0
074 N000200 258505
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074 R030200 0
074 R040200 3
074 S000200 0
074 T000200 258458
074 U010200 258458
074 U020200 0
074 V010200 1.00
074 V020200 0.00
074 W000200 0.9999
074 X000200 2
074 Y000200 0
075 A000200 292473
075 B000200 0
076 000200 0.00
SIGNATURE KIMBERLY MONASTERIO
TITLE ASST TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE MONEY MARKET PORTFOLIOS JUNE 30, 1999 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> YEAR
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 2,559,402,930
<INVESTMENTS-AT-VALUE> 2,559,402,930
<RECEIVABLES> 1,138,483,714
<ASSETS-OTHER> 1,482
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,697,888,126
<PAYABLE-FOR-SECURITIES> 24,997,585
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 486,756
<TOTAL-LIABILITIES> 25,484,341
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,672,403,785
<SHARES-COMMON-STOCK> 3,672,403,785
<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> 3,672,403,785
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 138,357,052
<OTHER-INCOME> 0
<EXPENSES-NET> (4,001,010)
<NET-INVESTMENT-INCOME> 134,356,042
<REALIZED-GAINS-CURRENT> 651
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 134,356,693
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (134,356,693)<F1>
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13,314,265,139
<NUMBER-OF-SHARES-REDEEMED> (11,819,847,377)
<SHARES-REINVESTED> 134,356,720
<NET-CHANGE-IN-ASSETS> 1,628,774,482
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (3,996,761)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (4,096,964)
<AVERAGE-NET-ASSETS> 2,667,340,179
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .051
<PER-SHARE-GAIN-APPREC> .000
<PER-SHARE-DIVIDEND> (.051)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .150<F2>
<FN>
<F1> DISTRIBUTIONS WERE INCREASED BY A NET REALIZED GAIN FROM
INVESTMENTS OF $651.
<F2> EXPENSE RATIO INCLUDING WAIVER .15%.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MONE
Y MARKET PORTFOLIOS JUNE 30, 1999 ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> THE U.S. GOVERNMENT SECURITIES MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 80,309,591
<INVESTMENTS-AT-VALUE> 80,309,591
<RECEIVABLES> 178,194,040
<ASSETS-OTHER> 1,226
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 258,504,857
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 46,477
<TOTAL-LIABILITIES> 46,477
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 258,458,381
<SHARES-COMMON-STOCK> 258,458,381
<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> 258,458,381
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 14,596,792
<OTHER-INCOME> 0
<EXPENSES-NET> (438,710)
<NET-INVESTMENT-INCOME> 14,158,082
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 14,158,082
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (14,158,081)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 963,424,640
<NUMBER-OF-SHARES-REDEEMED> (982,356,930)
<SHARES-REINVESTED> 14,164,293
<NET-CHANGE-IN-ASSETS> (4,767,996)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (437,891)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (446,422)
<AVERAGE-NET-ASSETS> 292,473,482
<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> .150<F1>
<FN>
</FN>
<F1>RATIO OF EXPENSES EXCLUDING WAIVER AND PAYMENTS BY AFFILIATE AMOUNTED TO 0.15%.
</TABLE>
REPORT OF INDEPENDENT ACCOUNTANTS
To the Shareholders and Board of Trustees of The Money Market
Portfolios
In planning and performing our audit of the financial statements of
The Money Market Portfolios for the year ended June 30, 1999, we
considered its internal control, including controls over safeguarding
securities, in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial statements and to
comply with the requirements of Form N-SAR, not to provide assurance
on internal control.
The management of The Money Market Portfolios is responsible for
establishing and maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management are required to
assess the
expected benefits and related costs of controls. Generally, controls
that are relevant to an audit pertain to the entity's objective of
preparing financial statements for external purposes that are fairly
presented in conformity with generally accepted accounting principles.
Those controls include the safeguarding of assets against unauthorized
acquisition, use, or disposition.
Because of inherent limitations in internal control, errors or
irregularities may occur and not be detected. Also, projection of any
evaluation of internal control 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 internal control would not necessarily disclose
all matters in internal control 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 any specific internal control component 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 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
internal control, including controls over safeguarding securities that
we consider to be material weaknesses as defined above as of June 30,
1999.
This report is intended solely for the information and use of
management and the Securities and Exchange Commission.
S\PricewaterhouseCoopers LLP
San Francisco,California
August 3, 1999
