Securities and Exchange Commission January 3, 2008 – Federal Register Recent Federal Regulation Documents

Applicant, a feeder fund in a master/feeder structure, seeks an order declaring that it has ceased to be an investment company. On August 31, 2006, applicant transferred its assets to Franklin Money Fund, based on net asset value. Expenses of $175,850 incurred in connection with the reorganization were paid by applicant, the acquiring fund and Franklin Advisers, Inc., the investment adviser of the acquiring fund. Filing Dates: The application was filed on November 9, 2007, and amended on December 18, 2007. Applicant's Address: One Franklin Parkway, San Mateo, CA 94403- 1906.