UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

(Amendment No. 1)

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number			811-02924

LORD ABBETT U.S. GOVERNMENT & GOVERNMENT SPONSORED ENTERPRISES MONEY MARKET FUND, INC.
(Exact name of registrant as specified in charter)

90 Hudson Street, Jersey City, NJ					07302
(Address of principal executive offices)					(Zip code)

Christina T. Simmons, Vice President & Assistant Secretary 90 Hudson Street, Jersey City, NJ 07302
(Name and address of agent for service)

Registrant’s telephone number, including area code:				(800) 201-6984

Date of fiscal year end:	6/30

Date of reporting period:		6/30/07

The Registrant is filing this Amendment No.1 to the Certified Shareholder Report on Form N-CSR originally filed with the U.S. Securities and Exchange Commission on September 4, 2007, solely for the purpose of correcting the information reported in Item 4 – Principal Accounting Fees and Services. Except as specifically indicated herein, no other information included in the Certified Shareholder Report on Form N-CSR is amended by this Form N-CSR/A.

Item 1: Report to Shareholders.

2007

LORD ABBETT ANNUAL REPORT

Lord Abbett

U.S. Government & Government
Sponsored Enterprises Money
Market Fund

For the fiscal year ended June 30, 2007

Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund

Annual Report

For the fiscal year ended June 30, 2007

Dear Shareholders: We are pleased to provide you with this overview of the Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund's performance for the fiscal year ended June 30, 2007. On this page and the following pages, we discuss the major factors that influenced performance. For detailed and more timely information about the Fund, please visit our Website at www.lordabbett.com, where you also can access the quarterly commentaries of the Fund's portfolio managers.

General information about Lord Abbett mutual funds, as well as in-depth discussion of market trends and investment strategies, is also provided in Lord Abbett Insights, a newsletter accompanying your quarterly account statements. We also encourage you to call Lord Abbett at 888-522-2388 and speak to one of our professionals if you would like more information.

Thank you for investing in Lord Abbett mutual funds. We value the trust that you place in us and look forward to serving your investment needs in the years to come.

Best regards,

Robert S. Dow
Chairman

From left to right: Robert S. Dow, Director and Chairman of the Lord Abbett Funds; E. Thayer Bigelow, Independent Lead Director of the Lord Abbett Funds; and Daria L. Foster, Director and President of the Lord Abbett Funds.

Q: What were the overall market conditions during the fiscal year ended June 30, 2007?

A: The yields on fixed-income securities were volatile over the period. However, over the course of the period, the Federal Reserve Board (the Fed) held monetary policy steady, and the fed funds rate remained at 5.25%. Starting in mid-June, the yield curve for Treasury securities returned to an upward slope. That is, the yield on a 10-year Treasury was higher than that for a two-year Treasury.

Q: How did the Fund perform during the fiscal year ended June 30, 2007?

A: The Fund (Class A shares) finished the fiscal year with total net assets of $438.3 million and a seven-day current

yield of 4.60%. The current yield refers to the income generated by an investment in the Fund over a seven-day period, which is then annualized. The yield quotation more closely reflects the current earnings of the Fund than the one-year total return quotation. For the fiscal year ended June 30, 2007, the Fund returned 4.7%, reflecting performance at the net asset value (NAV) of Class A shares with all distributions reinvested, compared with its peer group, the Lipper U.S. Government Money Market Funds Average,¹ which returned 4.6% in the same period.

Q: What were the most significant factors affecting performance?

A: Consistent with its objective to provide current income with minimum credit risk, the portfolio remained invested in high-quality short-term securities issued by the U.S. Treasury and certain U.S. government agency securities. The portfolio's average maturity was extended during the period.

The Fund's portfolio is actively managed and, therefore, its holdings and weightings of a particular issuer or particular sector as a percentage of portfolio assets are subject to change.

A prospectus contains important information about a fund, including its investment objectives, risks, charges, and ongoing expenses, which an investor should carefully consider before investing. To obtain a prospectus on any Lord Abbett mutual fund, please contact your investment professional or Lord Abbett Distributor LLC at 888-522-2388 or visit www.lordabbett.com. Read the prospectus carefully before investing.

¹ The Lipper U.S. Government Money Market Funds Average aims at investments in financial instruments issued or guaranteed by the U.S. Government, its agencies or its instrumentalities, with dollar-weighted average maturities of less than 90 days. Peer averages are based on universes of funds with similar investment objectives. Peer group averages include reinvested dividends and capital gains, if any, and exclude sales charges.

Source: Lipper, Inc. Copyright©2007 by Reuters. All rights reserved. Any copying, republication, or redistribution of Lipper content is expressly prohibited without the prior written consent of Lipper.

Important Performance and Other Information

An investment in money market funds is neither insured nor guaranteed by the Federal Deposit Insurance Corp. or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.

Performance data quoted reflect past performance and are no guarantee of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. You can obtain performance data current to the most recent month-end by calling Lord Abbett at 888-522-2388 or referring to our Website at www.lordabbett.com.

Except where noted, comparative Fund performance does not account for the deduction of sales charges and would be different if sales charges were included. The Fund offers additional classes of shares with distinct pricing options. For a full description of the differences in pricing alternatives, please see the Fund's prospectus.

During certain periods shown, expense reimbursements were in place. Without such expense reimbursements, the Fund's returns would have been lower.

The views of the Fund's management and the portfolio holdings described in this report are as of June 30, 2007; these views and portfolio holdings may have changed subsequent to this date and they do not guarantee the future performance of the markets or the Fund. Information provided in this report should not be considered a recommendation to purchase or sell securities.

A Note about Risk: See Notes to Financial Statements for a discussion of investment risks. For a more detailed discussion of the risks associated with the Fund, please see the Fund's prospectus.

Mutual funds are not insured by the FDIC, are not deposits or other obligations of, or guaranteed by, banks, and are subject to investment risks including possible loss of principal amount invested.

Expense Example

As a shareholder of the Fund you incur ongoing costs, including management fees; distribution and service (12b-1) fees (currently only Class B shares have an active 12b-1 Plan); and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (January 1, 2007 through June 30, 2007).

Actual Expenses

For each class of the Fund, the first line of the applicable table on the following page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled "Expenses Paid During the Period 1/1/07 – 6/30/07" to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

For each class of the Fund, the second line of the applicable table on the following page provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

	Beginning Account Value		Ending Account Value		Expenses Paid During Period^†
	1/1/07		6/30/07		1/1/07 – 6/30/07
Class A
Actual	$	1,000.00	$	1,046.80	$	3.55
Hypothetical (5% Return Before Expenses)	$	1,000.00	$	1,021.39	$	3.51
Class B
Actual	$	1,000.00	$	1,038.90	$	7.33
Hypothetical (5% Return Before Expenses)	$	1,000.00	$	1,017.62	$	7.25
Class C
Actual	$	1,000.00	$	1,046.80	$	3.55
Hypothetical (5% Return Before Expenses)	$	1,000.00	$	1,021.39	$	3.51
Class Y
Actual	$	1,000.00	$	1,046.80	$	3.55
Hypothetical (5% Return Before Expenses)	$	1,000.00	$	1,021.39	$	3.51

^† For each class of the Fund, expenses are equal to the annualized expense ratio for such class (0.70% for Class A, 1.45% for Class B, and 0.70% for Classes C & Y) multiplied by the average account value over the period, multiplied by 181/365 (reflect one-half year period).

Portfolio Holdings Presented by Credit Rating

June 30, 2007

Credit Rating	%*
A-1+		53.63	%
Repurchase Agreements		46.37	%
Total		100.00	%

* Represents percent of total investments.

Schedule of Investments

June 30, 2007

Investments	Interest Rate			Maturity Date	Rating^†	Principal Amount (000)		Amortized Cost
GOVERNMENT SPONSORED ENTERPRISES SECURITIES 53.91%
Federal Home Loan Bank		5.12	%	7/5/2007	A-1+	$	16,512	$	16,502,606
Federal Home Loan Bank		5.12	%	7/25/2007	A-1+		10,000		9,965,867
Federal Home Loan Bank		5.13	%	7/13/2007	A-1+		10,000		9,982,900
Federal Home Loan Mortgage Corp.		5.07	%	10/16/2007	A-1+		5,138		5,060,575
Federal Home Loan Mortgage Corp.		5.08	%	9/24/2007	A-1+		5,000		4,940,028
Federal Home Loan Mortgage Corp.		5.085	%	9/17/2007	A-1+		7,515		7,432,203
Federal Home Loan Mortgage Corp.		5.09	%	7/30/2007	A-1+		8,551		8,515,938
Federal Home Loan Mortgage Corp.		5.09	%	9/17/2007	A-1+		7,520		7,437,067
Federal Home Loan Mortgage Corp.		5.105	%	9/13/2007	A-1+		20,000		19,790,128
Federal Home Loan Mortgage Corp.		5.115	%	8/6/2007	A-1+		10,000		9,948,850
Federal Home Loan Mortgage Corp.		5.125	%	7/9/2007	A-1+		5,000		4,994,306
Federal Home Loan Mortgage Corp.		5.132	%	8/20/2007	A-1+		5,000		4,964,361
Federal Home Loan Mortgage Corp.		5.14	%	8/27/2007	A-1+		10,000		9,918,617
Federal Home Loan Mortgage Corp.		5.15	%	8/13/2007	A-1+		5,000		4,969,243
Federal Home Loan Mortgage Corp.		5.17	%	7/2/2007	A-1+		1,657		1,656,762
Federal National Mortgage Assoc.		5.06	%	10/31/2007	A-1+		25,000		24,571,306
Federal National Mortgage Assoc.		5.065	%	10/10/2007	A-1+		5,223		5,148,780
Federal National Mortgage Assoc.		5.065	%	10/24/2007	A-1+		19,943		19,620,325
Federal National Mortgage Assoc.		5.065	%	10/26/2007	A-1+		12,350		12,146,704
Federal National Mortgage Assoc.		5.07	%	10/3/2007	A-1+		5,000		4,933,808
Federal National Mortgage Assoc.		5.09	%	9/28/2007	A-1+		11,417		11,273,333
Federal National Mortgage Assoc.		5.12	%	7/25/2007	A-1+		10,000		9,965,867
Federal National Mortgage Assoc.		5.12	%	8/1/2007	A-1+		10,000		9,955,911
Federal National Mortgage Assoc.		5.135	%	8/22/2007	A-1+		12,659		12,565,105
Total Government Sponsored Enterprises Securities									236,260,590

See Notes to Financial Statements.
6

Schedule of Investments (concluded)

June 30, 2007

Investments	Principal Amount (000)		Amortized Cost
Repurchase Agreements 46.60%
Repurchase Agreement dated 6/29/2007, 5.05% due 7/2/2007 with J.P. Morgan Chase & Co. collateralized by $27,385,000 of Federal Farm Credit Bank at 4.90% and 5.30% due 12/28/2020 and 8/16/2007 and $24,945,000 of F ederal Home Loan Bank at 4.875% and 5.25% due 3/11/2016 and 9/4/2007 and $26,055,000 of Federal Home Loan Mortgage Corp. at 5.38% and 5.63% due 12/27/2011 and 3/12/2027 and $25,088,000 of Federal National Mortgage Assoc. at 5.00% and 5.73% due 3/15/2016 and 5/26/2027; value: $10 1,769,662; proceeds: $100,042,083	$	100,000	$	100,000,000
Repurchase Agreement dated 6/29/2007, 5.30%, due 7/2/2007 with Nomura Securities collateralized by $103,955,000 of Federal Farm Credit Bank at 4.78% and 5.77% due 5/3/2010 and 1/5/2027; value: $104,017,624; proceeds: $102,945,448		102,900		102,900,000
Repurchase Agreement dated 6/29/2007, 4.70% due 7/2/2007 with State Street Bank & Trust Co. collateralized by $1,360,000 of Federal Home Loan Bank at 5.15% due 8/15/2007; value: $1,385,500; proceeds: $1,354,100		1,354		1,353,570
Total				204,253,570
Total Investments in Securities 100.51%				440,514,160	*
Liabilities in Excess of Other Assets (0.51%)				(2,235,385	)
Net Assets 100.00%			$	438,278,775

^† Ratings shown are unaudited.

* Cost for Federal income tax purposes is $440,514,160. Average maturity of investments: 37 days.

See Notes to Financial Statements.
7

Statement of Assets and Liabilities

June 30, 2007

ASSETS:
Investment in securities, at amortized cost	$	236,260,590
Repurchase agreements, at cost		204,253,570
Receivables:
Capital shares sold		549,335
From advisor (See Note 3)		69,903
Interest		58,707
Prepaid expenses		59,059
Total assets		441,251,164
LIABILITIES:
Payables:
Capital shares reacquired		956,626
Management fee		174,820
Directors' fees		129,676
12b-1 distribution plan-Class B		14,219
Fund administration		10,255
Distributions payable		1,434,227
Accrued expenses and other liabilities		252,566
Total liabilities		2,972,389
NET ASSETS	$	438,278,775
COMPOSITION OF NET ASSETS:
Paid-in capital	$	438,278,516
Undistributed net investment income		259
Net Assets	$	438,278,775
Net assets by class:
Class A Shares	$	393,913,939
Class B Shares	$	23,358,095
Class C Shares	$	14,206,613
Class Y Shares	$	6,800,128
Outstanding shares by class:
Class A Shares (700 million shares of common stock authorized, $.001 par value)		393,913,713
Class B Shares (400 million shares of common stock authorized, $.001 par value)		23,358,086
Class C Shares (300 million shares of common stock authorized, $.001 par value)		14,206,601
Class Y Shares (100 million shares of common stock authorized, $.001 par value)		6,800,128
Net asset value, offering and redemption price per share (Net assets divided by outstanding shares):
Class A Shares-Net asset value	$	1.00
Class B Shares-Net asset value	$	1.00
Class C Shares-Net asset value	$	1.00
Class Y Shares-Net asset value	$	1.00

See Notes to Financial Statements.
8

Statement of Operations

For the Year Ended June 30, 2007

Investment income:
Interest	$	21,742,707
Expenses:
Management fee		1,973,516
Shareholder servicing		1,408,468
12b-1 distribution plan-Class B		176,663
Fund administration		164,312
Registration		92,734
Professional		59,718
Reports to shareholders		34,472
Custody		25,559
Directors' fees		10,489
Other		1,853
Gross expenses		3,947,784
Expense reductions (See Note 6)		(16,033	)
Expenses assumed by advisor (See Note 3)		(874,843	)
Net expenses		3,056,908
Net investment income	$	18,685,799

See Notes to Financial Statements.
9

Statements of Changes in Net Assets

INCREASE IN NET ASSETS	For the Year Ended June 30, 2007			For the Year Ended June 30, 2006
Operations:
Net investment income	$	18,685,799		$	11,842,992
Distributions to shareholders from:
Net investment income
Class A		(16,877,313	)		(10,631,657	)
Class B		(901,407	)		(605,575	)
Class C		(574,509	)		(404,083	)
Class Y		(332,570	)		(201,677	)
Total distributions to shareholders		(18,685,799	)		(11,842,992	)
Capital share transactions (Net of share conversions) (See Note 9):
Net proceeds from sales of shares		910,666,707			797,221,382
Reinvestment of distributions		17,611,991			10,725,131
Cost of shares reacquired		(873,640,250	)		(741,343,356	)
Net increase in net assets resulting from capital share transactions		54,638,448			66,603,157
Net increase in net assets		54,638,448			66,603,157
NET ASSETS:
Beginning of year	$	383,640,327		$	317,037,170
End of year	$	438,278,775		$	383,640,327
Undistributed net investment income	$	259		$	259

See Notes to Financial Statements.
10

Financial Highlights

	Class A Shares
	Year Ended 6/30
	2007			2006			2005			2004			2003
Per Share Operating Performance
Net asset value, beginning of year	$	1.00		$	1.00		$	1.00		$	1.00		$	1.00
Investment operations:
Net investment income^(a)		.05			.03			.01			–	^(c)		.01
Distributions to shareholders from:
Net investment income		(.05	)		(.03	)		(.01	)		–	^(c)		(.01	)
Net asset value, end of year	$	1.00		$	1.00		$	1.00		$	1.00		$	1.00
Total Return^(b)		4.68	%		3.51	%		1.35	%		.21	%		.55	%
Ratios to Average Net Assets:
Expenses, including expense reductions and expenses assumed		.70	%		.70	%		.81	%		.83	%		.88	%
Expenses, excluding expense reductions and including expenses assumed		.70	%		.70	%		.81	%		.83	%		.88	%
Expenses, excluding expense reductions and expenses assumed		.92	%		1.01	%		.94	%		.97	%		.98	%
Net investment income		4.58	%		3.47	%		1.32	%		.21	%		.56	%^†
Supplemental Data:
Net assets, end of year (000)	$	393,914		$	337,018		$	271,720		$	289,336		$	266,528

^† The ratio has been determined on a fund basis.

^(a)Calculated using average shares outstanding during the year.

^(b) Total return does not consider the effects of sales loads and assumes the reinvestment of all distributions.

^(c) Amount is less than $.01.

See Notes to Financial Statements.
11

Financial Highlights (continued)

	Class B Shares
	Year Ended 6/30
	2007			2006			2005			2004			2003
Per Share Operating Performance
Net asset value, beginning of year	$	1.00		$	1.00		$	1.00		$	1.00		$	1.00
Investment operations:
Net investment income^(a)		.04			.03			.01			–	^(c)		–	^(c)
Distributions to shareholders from:
Net investment income		(.04	)		(.03	)		(.01	)		–	^(c)		–	^(c)
Net asset value, end of year	$	1.00		$	1.00		$	1.00		$	1.00		$	1.00
Total Return^(b)		3.89	%		2.73	%		.72	%		.20	%		.29	%
Ratios to Average Net Assets:
Expenses, including expense reductions and expenses assumed		1.45	%		1.45	%		1.41	%		.83	%		1.15	%
Expenses, excluding expense reductions and including expenses assumed		1.45	%		1.45	%		1.41	%		.83	%		1.15	%
Expenses, excluding expense reductions and expenses assumed		1.67	%		1.76	%		1.69	%		1.72	%		1.73	%
Net investment income		3.83	%		2.67	%		.62	%		.21	%		.29	%^†
Supplemental Data:
Net assets, end of year (000)	$	23,358		$	26,534		$	26,388		$	47,789		$	39,609

^† The ratio has been determined on a fund basis.

^(a) Calculated using average shares outstanding during the year.

^(b) Total return does not consider the effects of sales loads and assumes the reinvestment of all distributions.

^(c) Amount is less than $.01.

See Notes to Financial Statements.
12

Financial Highlights (continued)

	Class C Shares
	Year Ended 6/30
	2007			2006			2005			2004			2003
Per Share Operating Performance
Net asset value, beginning of year	$	1.00		$	1.00		$	1.00		$	1.00		$	1.00
Investment operations:
Net investment income^(a)		.05			.03			.01			–	^(c)		.01
Distributions to shareholders from:
Net investment income		(.05	)		(.03	)		(.01	)		–	^(c)		(.01	)
Net asset value, end of year	$	1.00		$	1.00		$	1.00		$	1.00		$	1.00
Total Return^(b)		4.68	%		3.51	%		1.35	%		.21	%		.55	%
Ratios to Average Net Assets:
Expenses, including expense reductions and expenses assumed		.70	%		.70	%		.83	%		.83	%		.88	%
Expenses, excluding expense reductions and including expenses assumed		.70	%		.70	%		.83	%		.83	%		.88	%
Expenses, excluding expense reductions and expenses assumed		.92	%		1.01	%		.94	%		.97	%		.98	%
Net investment income		4.59	%		3.42	%		1.19	%		.21	%		.56	%^†
Supplemental Data:
Net assets, end of year (000)	$	14,207		$	13,064		$	13,872		$	26,945		$	14,720

^† The ratio has been determined on a fund basis.

^(a) Calculated using average shares outstanding during the year.

^(b) Total return does not consider the effects of sales loads and assumes the reinvestment of all distributions.

^(c) Amount is less than $.01.

See Notes to Financial Statements.
13

Financial Highlights (concluded)

	Class Y Shares
	Year Ended 6/30						10/20/2004^(a)to
	2007			2006			6/30/2005
Per Share Operating Performance
Net asset value, beginning of period	$	1.00		$	1.00		$	1.00
Investment operations:
Net investment income^(b)		.05			.03			.01
Distributions to shareholders from:
Net investment income		(.05	)		(.03	)		(.01	)
Net asset value, end of period	$	1.00		$	1.00		$	1.00
Total Return^(c)		4.68	%		3.51	%		1.18	%^(d)
Ratios to Average Net Assets:
Expenses, including expense reductions and expenses assumed		.70	%		.70	%		.53	%^(d)
Expenses, excluding expense reductions and including expenses assumed		.70	%		.70	%		.53	%^(d)
Expenses, excluding expense reductions and expenses assumed		.92	%		1.01	%		.67	%^(d)
Net investment income		4.58	%		3.50	%		1.21	%^(d)
Supplemental Data:
Net assets, end of period (000)	$	6,800		$	7,024		$	5,057

^(a) Commencement of offering of class shares.

^(b) Calculated using average shares outstanding during the period.

^(c) Total return does not consider the effects of sales loads and assumes the reinvestment of all distributions.

^(d) Not annualized.

See Notes to Financial Statements.
14

Notes to Financial Statements

1. ORGANIZATION

Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. (the "Fund") is registered under the Investment Company Act of 1940 (the "Act") as a diversified, open-end management investment company. The Fund was incorporated under Maryland law on May 9, 1979.

The investment objective of the Fund is to seek high current income and preservation of capital through investments in high-quality, short-term, liquid securities.

The Fund offers four classes of shares: Classes A, B, C and Y. There are no front end sales charges on shares of each class, although there may be a contingent deferred sales charge ("CDSC") applied to each class of shares as follows: certain redemptions of Class A shares made within 12 months following certain purchases made without a sales charge; Class B shares redeemed before the sixth anniversary of purchase; and Class C shares redeemed before the first anniversary of purchase. Class B shares will convert to Class A shares on the eighth anniversary of the original purchase of Class B shares.

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

2. SIGNIFICANT ACCOUNTING POLICIES

(a) Investment Valuation–The Fund values securities utilizing the amortized cost method, which approximates market value. Under this method, all investments purchased at a discount or premium are valued by amortizing the difference between the original purchase price and maturity value of the issue over the period to maturity. Securities purchased at face value are valued at cost, which approximates market value.

(b) Security Transactions–Security transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method.

(c) Investment Income–Interest income is recorded on the accrual basis. Investment income is allocated to each class of shares based upon the relative proportion of net assets at the beginning of the day.

(d) Federal Taxes–It is the policy of the Fund to meet the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and to distribute substantially all taxable net income to its shareholders. Therefore, no Federal income tax provision is required.

(e) Expenses–Expenses, excluding class specific expenses, are allocated to each class of shares based upon the relative proportion of net assets at the beginning of the day. Class B shares bear all expenses and fees related to the Class B 12b-1 Distribution Plan.

Notes to Financial Statements (continued)

(f) Repurchase Agreements–The Fund may enter into repurchase agreements with respect to securities. A repurchase agreement is a transaction in which the Fund acquires a security and simultaneously commits to resell that security to the seller (a bank or securities dealer) at an agreed-upon price on an agreed-upon date. The Fund requires at all times that the repurchase agreement be collateralized by cash, or by securities of the U.S. Government, its agencies, its instrumentalities, or U.S. Government sponsored enterprises having a value equal to, or in excess of, the value of the repurchase agreement (including accrued interest). If the seller of the agreement defaults on its obligation to repurchase the underlying securities at a time when the value of these securities has dec lined, the Fund may incur a loss upon disposition of the securities.

3. MANAGEMENT FEE AND OTHER TRANSACTIONS WITH AFFILIATES

Management Fee

The Fund has a management agreement with Lord, Abbett & Co. LLC ("Lord Abbett") pursuant to which Lord Abbett supplies the Fund with investment management services and executive and other personnel, pays the remuneration of officers, provides office space and pays for ordinary and necessary office and clerical expenses relating to research and statistical work and supervision of the Fund's investment portfolio.

The management fee is based on average daily net assets at the following annual rates:

First $250 million	.50	%
Next $250 million	.45	%
Over $500 million	.40	%

For the fiscal year ended June 30, 2007, the effective management fee paid to Lord Abbett was at an annualized rate of .48% of average daily net assets.

For the period July 1, 2006 through October 31, 2007, Lord Abbett has contractually agreed to reimburse the Fund to the extent necessary so that each class' total annual operating expenses did not exceed the following annual rates:

Class	% of Average Daily Net Assets
A		.70	%
B		1.45	%
C		.70	%
Y		.70	%

Lord Abbett provides certain administrative services to the Fund pursuant to an Administrative Services Agreement at an annual rate of .04% of the Fund's average daily net assets.

12b-1 Distribution Plan

The Fund has adopted a distribution plan with respect to Class A, B and C shares pursuant to Rule 12b-1 under the Act, which provides for the payment of ongoing distribution and service fees to Lord Abbett Distributor LLC ("Distributor"), an affiliate of Lord Abbett. The fees are accrued daily at annual rates based upon average daily net assets as follows:

Fee				Class A⁽¹⁾				Class B				Class C⁽¹⁾
Service and distribution fee					.15	%			.75	%			.25	%

⁽¹⁾ The Fund has not activated its Class A and Class C Plans, and therefore, no payments are currently authorized under the Plans.

Class Y does not have a distribution plan.

Notes to Financial Statements (continued)

Two Directors and certain of the Fund's officers have an interest in Lord Abbett.

4. DISTRIBUTIONS

Dividends from net investment income are declared daily and paid monthly.

5. DIRECTORS' REMUNERATION

The Fund's officers and the two Directors who are associated with Lord Abbett do not receive any compensation from the Fund for serving in such capacities. Outside Directors' fees are allocated among all Lord Abbett-sponsored funds based on the net assets of each fund. There is an equity based plan available to all outside Directors under which outside Directors must defer receipt of a portion of, and may elect to defer receipt of an additional portion of, Directors' fees. The deferred amounts are treated as though equivalent dollar amounts have been invested proportionately in the funds. Such amounts and earnings accrued thereon are included in Directors' fees on the Statement of Operations and in Directors' fees payable on the Statement of Assets and Liabilities and are not deductible for U.S. Federal income tax purposes until such amounts are paid.

6. EXPENSE REDUCTIONS

The Fund has entered into arrangements with the transfer agent and custodian, whereby credits realized as a result of uninvested cash balances are used to reduce a portion of the Fund's expenses.

7. CUSTODIAN AND ACCOUNTING AGENT

State Street Bank & Trust Company ("SSB") is the Fund's custodian and accounting agent. SSB performs custodial, accounting and recordkeeping functions relating to portfolio transactions and calculating the Fund's NAV.

8. INVESTMENT RISKS

The Fund's yield may vary in response to changes in interest rates and other market factors.

The Fund generally invests a substantial portion of its assets in money market securities issued by various government sponsored enterprises such as Federal Home Loan Mortgage Corporation and Federal National Mortgage Association. Such securities are not guaranteed by the U.S. Government, but are supported only by the credit of the particular government sponsored enterprises involved, and the discretionary authority of the U.S. Treasury to purchase the enterprise obligations. There is no assurance that the U.S. Government will provide financial support to such enterprises.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of an investment at $1.00 per share, it is possible to lose money by investing in the Fund.

These factors can affect the Fund's performance.

Notes to Financial Statements (concluded)

9. SUMMARY OF CAPITAL TRANSACTIONS

Transactions in shares of capital stock are as follows:

	Year Ended June 30, 2007						Year Ended June 30, 2006
Class A Shares*	Shares			Amount			Shares			Amount
Shares sold		872,022,467		$	872,022,467			754,585,691		$	754,585,701
Converted from Class B**		833,153			833,153			1,199,252			1,199,252
Reinvestment of distributions		15,960,396			15,960,396			9,675,318			9,675,318
Shares reacquired		(831,920,593	)		(831,920,597	)		(700,161,375	)		(700,161,380	)
Increase		56,895,423		$	56,895,419			65,298,886		$	65,298,891
Class B Shares*
Shares sold		19,104,581		$	19,104,582			23,172,101		$	23,172,101
Reinvestment of distributions		804,932			804,931			507,584			507,584
Shares reacquired		(22,252,105	)		(22,252,105	)		(22,334,679	)		(22,334,680	)
Converted to Class A**		(833,153	)		(833,153	)		(1,199,252	)		(1,199,252	)
Increase (decrease)		(3,175,745	)	$	(3,175,745	)		145,754		$	145,753
Class C Shares
Shares sold		14,257,951		$	14,257,951			14,885,062		$	14,885,061
Reinvestment of distributions		525,243			525,243			352,434			352,434
Shares reacquired		(13,640,406	)		(13,640,406	)		(16,046,000	)		(16,046,000	)
Increase (decrease)		1,142,788		$	1,142,788			(808,504	)	$	(808,505	)
Class Y Shares
Shares sold		5,281,707		$	5,281,707			4,578,519		$	4,578,519
Reinvestment of distributions		321,421			321,421			189,794			189,795
Shares reacquired		(5,827,141	)		(5,827,142	)		(2,801,296	)		(2,801,296	)
Increase (decrease)		(224,013	)	$	(224,014	)		1,967,017		$	1,967,018

* Amounts for the year ended June 30, 2006 have been reclassified to conform with current presentation.

** Automatic conversion of Class B shares occurs approximately eight years after the initial purchase date.

10. RECENT ACCOUNTING PRONOUNCEMENTS

In July 2006, the Financial Accounting Standards Board (FASB) issued Interpretation 48, Accounting for Uncertainty in Income Taxes – an interpretation of FASB Statement 109 (FIN 48). FIN 48 clarifies the accounting for income taxes by prescribing the minimum recognition threshold a tax position must meet before being recognized in the financial statements. FIN 48 is effective for fiscal years beginning after December 15, 2006. The Fund will adopt FIN 48 no later than December 31, 2007 and the impact to the Fund's financial statements, if any, is currently being assessed.

In September 2006, Statement of Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157), was issued and is effective for fiscal years beginning after November 15, 2007. SFAS 157 defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. Management is currently evaluating the impact the adoption of SFAS 157 will have on the Fund's financial statement disclosures.

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders,
Lord Abbett U.S. Government & Government Sponsored Enterprises
Money Market Fund, Inc.:

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. (the "Fund") as of June 30, 2007, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the periods presented. These financial statements and financial highlights are the responsibility of the Fund's management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. The Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estim ates made by management, as well as evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of June 30, 2007 by correspondence with the custodian and brokers. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. as of June 30, 2007, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the periods presented, in conformity with accounting principles generally accepted in the United States of America.

Deloitte & Touche LLP
New York, New York
August 20, 2007

Basic Information About Management

The Board of Directors (the "Board") is responsible for the management of the business and affairs of the Fund in accordance with the laws of the State of Maryland. The Board appoints officers who are responsible for the day-to-day operations of the Fund and who execute policies authorized by the Board. The Board also approves an investment adviser to the Fund continues to monitor the cost and quality of the services provided by the investment adviser, and annually considers whether to renew the contract with the adviser. Generally, each Director holds office until his/her successor is elected and qualified or until his/her earlier resignation or removal, as provided in the Fund's organizational documents.

Lord, Abbett & Co. LLC ("Lord Abbett"), a Delaware limited liability company, is the Fund's investment adviser.

Interested Directors

The following Directors are Partners of Lord Abbett and are "interested persons" of the Fund as defined in the Act. Mr. Dow and Ms. Foster are officers, directors, or trustees of each of the fourteen Lord Abbett-sponsored funds, which consist of 55 portfolios or series.

Name, Address and
Year of Birth

Current Position
Length of Service
with Fund

Principal Occupation
During Past Five Years

Other
Directorships

Robert S. Dow
Lord, Abbett & Co. LLC
90 Hudson Street
Jersey City, NJ 07302
(1945)

Director since
1989; Chairman since 1996

Managing Partner and Chief Executive Officer of Lord Abbett since 1996.

N/A

Daria L. Foster
Lord, Abbett & Co. LLC
90 Hudson Street
Jersey City, NJ 07302 (1954)

Director since 2006

Partner and Director of Marketing and Client Service of Lord Abbett since 1990.

N/A

Independent Directors

The following independent or outside Directors ("Independent Directors") are also directors or trustees of each of the fourteen Lord Abbett-sponsored funds, which consist of 55 portfolios or series.

Name, Address and
Year of Birth

Current Position
Length of Service
with Fund

Principal Occupation
During Past Five Years

Other
Directorships

E. Thayer Bigelow
Lord, Abbett & Co. LLC c/o Legal Dept.
90 Hudson Street
Jersey City, NJ 07302 (1941)

Director since 1994

Managing General Partner, Bigelow Media, LLC (since 2000); Senior Adviser, Time Warner Inc. (1998 - 2000); Acting Chief Executive Officer of Courtroom Television Network (1997 - 1998); President and Chief Executive Officer of Time Warner Cable Programming, Inc. (1991 - 1997).

Currently serves as director of Crane Co. and Huttig Building Products Inc.

Basic Information About Management (continued)

Name, Address and
Year of Birth

Current Position
Length of Service
with Fund

Principal Occupation
During Past Five Years

Other
Directorships

William H.T. Bush
Lord, Abbett & Co. LLC c/o Legal Dept.
90 Hudson Street
Jersey City, NJ 07302 (1938)

Director since 1998

Co-founder and Chairman of the Board of the financial advisory firm of Bush-O'Donnell & Company (since 1986).

Currently serves as director of WellPoint, Inc. (since 2002).

Robert B. Calhoun, Jr. Lord, Abbett & Co. LLC c/o Legal Dept.
90 Hudson Street
Jersey City, NJ 07302 (1942)

Director since 1998

Managing Director of Monitor Clipper Partners (since 1997) and President of Clipper Asset Management Corp. (since 1991), both private equity investment funds.

Currently serves as director of Avondale, Inc. and Interstate Bakeries Corp.

Julie A. Hill
Lord, Abbett & Co. LLC c/o Legal Dept.
90 Hudson Street
Jersey City, NJ 07302 (1946)

Director since 2004

Owner and CEO of The Hill Company, a business consulting firm (since 1998); Founder, President and Owner of the Hiram-Hill and Hillsdale Development Company, a residential real estate development firm (1998 - 2000).

Currently serves as director of WellPoint, Inc. and Lend Lease Corporation Limited.

Franklin W. Hobbs
Lord, Abbett & Co. LLC c/o Legal Dept.
90 Hudson Street
Jersey City, NJ 07302 (1947)

Director since 2000

Advisor of One Equity Partners, a private equity firm (since 2004); Chief Executive Officer of Houlihan Lokey Howard & Zukin, an investment bank (2002 - 2003); Chairman of Warburg Dillon Read, an investment bank (1999 - 2001); Global Head of Corporate Finance of SBC Warburg Dillon Read (1997 - 1999); Chief Executive Officer of Dillon, Read & Co. (1994 - 1997).

Currently serves as director of Molson Coors Brewing Company.

Thomas J. Neff
Lord, Abbett & Co. LLC c/o Legal Dept.
90 Hudson Street
Jersey City, NJ 07302 (1937)

Director since 1982

Chairman of Spencer Stuart (U.S.), an executive search consulting firm (since 1996); President of Spencer Stuart (1979 - 1996).

Currently serves as director of Ace, Ltd. (since 1997) and Hewitt Associates, Inc.

James L.L. Tullis
Lord, Abbett & Co. LLC c/o Legal Dept.
90 Hudson Street
Jersey City, NJ 07302 (1947)

Director since 2006

CEO of Tullis-Dickerson and Co. Inc, a venture capital management firm (since 1990).

Currently serves as director of Crane Co. (since 1998) and Viacell Inc. (since 2002).

Basic Information About Management (continued)

Officers

None of the officers listed below have received compensation from the Fund. All the officers of the Fund may also be officers of the other Lord Abbett-sponsored funds and maintain offices at 90 Hudson Street, Jersey City, NJ 07302.

Name and
Year of Birth

Current Position
with Fund

Length of Service
of Current Position

Principal Occupation
During Past Five Years

Robert S. Dow
(1945)

Chief Executive Officer and Chairman

Elected in 1995

Managing Partner and Chief Executive Officer of Lord Abbett (since 1996).

Daria L. Foster
(1954)

President

Elected in 2006

Partner and Director of Marketing and Client Service of Lord Abbett (since 1990).

Robert I. Gerber
(1954)

Executive Vice President

Elected in 1997

Partner and Director of Taxable Fixed Income Management, joined Lord Abbett in 1997.

James Bernaiche
(1956)

Chief Compliance Officer

Elected in 2004

Chief Compliance Officer, joined Lord Abbett in 2001.

Joan A. Binstock
(1954)

Chief Financial Officer and Vice President

Elected in 1999

Partner and Chief Operations Officer, joined Lord Abbett in 1999.

John K. Forst
(1960)

Vice President and Assistant Secretary

Elected in 2005

Deputy General Counsel, joined Lord Abbett in 2004; Managing Director and Associate General Counsel at New York Life Investment Management LLC (2002 - 2003); attorney at Dechert LLP (2000 - 2002).

Lawrence H. Kaplan (1957)

Vice President and Secretary

Elected in 1997

Partner and General Counsel, joined Lord Abbett in 1997.

Robert A. Lee
(1969)

Vice President

Elected in 2000

Partner and Investment Manager, joined Lord Abbett in 1997.

A. Edward Oberhaus, III (1959)

Vice President

Elected in 1996

Partner and Manager of Equity Trading, joined Lord Abbett in 1983.

Christina T. Simmons (1957)

Vice President and Assistant Secretary

Elected in 2000

Assistant General Counsel, joined Lord Abbett in 1999.

Lawrence B. Stoller (1963)

Vice President and Assistant Secretary

Elected in 2007

Senior Deputy General Counsel, joined Lord Abbett in 2007; formerly, Executive Vice President and General Counsel at Cohen & Steers Capital Management, Inc.

Basic Information About Management (concluded)

Name and
Year of Birth

Current Position
with Fund

Length of Service
of Current Position

Principal Occupation
During Past Five Years

Bernard J. Grzelak
(1971)

Treasurer

Elected in 2003

Director of Fund Administration, joined Lord Abbett in 2003; formerly Vice President, Lazard Asset Management LLC.

Please call 888-522-2388 for a copy of the Statement of Additional Information (SAI), which contains further information about the Fund's Directors. It is available free upon request.

Householding

The Fund has adopted a policy that allows it to send only one copy of the Fund's Prospectus, proxy material, annual report and semiannual report to certain shareholders residing at the same "household." This reduces Fund expenses, which benefits you and other shareholders. If you need additional copies or do not want your mailings to be "householded," please call Lord Abbett at 800-821-5129 or send a written request with your name, the name of your fund or funds and your account number or numbers to Lord Abbett Family of Funds, P.O. Box 219336, Kansas City, MO 64121.

Proxy Voting Policies, Procedures and Record

A description of the policies and procedures that Lord Abbett uses to vote proxies related to the Fund's portfolio securities, and information on how Lord Abbett voted each Fund's proxies during the 12-month period ended June 30 are available without charge, upon request, (i) by calling 888-522-2388; (ii) on Lord Abbett's website at www.LordAbbett.com; and (iii) on the Securities and Exchange Commission's ("SEC") website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

The Fund is required to file its complete schedule of portfolio holdings with the SEC for its first and third fiscal quarters on Form N-Q. Copies of the filings are available without charge, upon request on the SEC's website at www.sec.gov and may be available by calling Lord Abbett at 800-821-5129. You can also obtain copies of Form N-Q by (i) visiting the SEC's Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 800-SEC-0330); (ii) sending your request and duplicating fee to the SEC's Public Reference Room, Washington, DC 20549-0102; or (iii) sending your request electronically to publicinfo@sec.gov.

LAMM-2-1206

(08/07)

Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.

This report, when not used for the general information of shareholders of the Fund, is to be distributed only if preceded or accompanied by a current fund prospectus.

Lord Abbett mutual fund shares are distributed by

LORD ABBETT DISTRIBUTOR LLC

Item 2: Code of Ethics.

(a) In accordance with applicable requirements, the Registrant adopted a Sarbanes-Oxley Code of Ethics on June 19, 2003 that applies to the principal executive officer and senior financial officers of the Registrant (“Code of Ethics”). The Code of Ethics was in effect during the fiscal year ended June 30, 2007 (the “Period”).

(b) Not applicable.

(d) The Registrant has not granted any waiver, including an implicit waiver, from a provision of the Code of Ethics as described in Form N-CSR during the Period.

(e) Not applicable.

(f) See Item 12(a)(1) concerning the filing of the Code of Ethics. The Registrant will provide a copy of the Code of Ethics to any person without charge, upon request. To obtain a copy, please call Lord Abbett at 800-821-5129.

Item 3: Audit Committee Financial Expert.

The Registrant’s board of directors has determined that each of the following independent directors who are members of the audit committee are audit committee financial experts: E. Thayer Bigelow, Robert B. Calhoun, Franklin W. Hobbs and James L.L. Tullis. Each of these persons is independent within the meaning of the Form N-CSR.

Item 4: Principal Accountant Fees and Services.

In response to sections (a), (b), (c) and (d) of Item 4, the aggregate fees billed to the Registrant for the fiscal years ended June 30, 2007 and 2006 by the Registrant’s principal accounting firm, Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu and their respective affiliates (collectively, “Deloitte”) were as follows:

FISCAL YEAR ENDED:

	2007		2006
Audit Fees {a}	$	30,000	$	29,000
Audit-Related Fees {b}	-0-		59
Total audit and audit-related fees	30,000		29,059
Tax Fees {c}	5,350		5,343
All Other Fees	-0-		-0-
Total Fees	$	35,350	$	34,402

{a} Consists of fees for audits of the Registrant’s annual financial statements.

{b} Fees for the fiscal year ended June 30, 2006 consist of the Registrant’s proportionate share of fees for performing certain agreed-upon procedures regarding compliance with the provisions of Rule 17a-7 of the Investment Company Act of 1940 and related Board approved procedures.

{c} Fees for the fiscal year ended June 30, 2007 and 2006 consist of fees for preparing the U.S. Income Tax Retur n for Regulated Investment Companies, New Jersey Corporation Business Tax Return, New Jersey Annual Report Form, U.S. Return of Excise Tax on Undistributed Income of Investment Companies, IRS Forms 1099-MISC and 1096 Annual Summary and Transmittal of U.S. Information Returns.

(e) (1) Pursuant to Rule 2-01(c) (7) of Regulation S-X, the Registrant’s Audit Committee has adopted pre-approval policies and procedures. Such policies and procedures generally provide that the Audit Committee must pre-approve:

· any audit, audit-related, tax, and other services to be provided to the Lord Abbett Funds, including the Registrant, and

· any audit-related, tax, and other services to be provided to the Registrant’s investment adviser and any entity controlling, controlled by or under common control with the investment adviser that provides ongoing services to one or more Funds comprising the Registrant if the engagement relates directly to operations and financial reporting of a Fund, by the independent auditor to assure that the provision of such services does not impair the auditor’s independence.

The Audit Committee has delegated pre-approval authority to its Chairman, subject to a fee limit of $10,000 per event, and not to exceed $25,000 annually. The Chairman will report any pre-approval decisions to the Audit Committee at its next scheduled meeting. Unless a type of service to be provided by the independent auditor has received general pre-approval, it must be pre-approved by the Audit Committee. Any proposed services exceeding pre-approved cost levels wi ll require specific pre-approval by the Audit Committee.

(e) (2) The Registrant’s Audit Committee has approved 100% of the services described in this Item 4 (b) through (d).

(f) Not applicable.

(g) The aggregate non-audit fees billed by Deloitte for services rendered to the Registrant are shown above in the response to Item 4 (a), (b), (c) and (d) as “All Other Fees”.

The aggregate non-audit fees billed by Del oitte for services rendered to the Registrant’s investment adviser, Lord, Abbett & Co. LLC (“Lord Abbett”), for the fiscal years ended June 30, 2007 and 2006 were:

FISCAL YEAR ENDED:

	2007		2006
All Other Fees {a}	$	170,000	$	55,500

{a} Consist of fees for Independent Services Auditors’ Report on Controls Placed in Operation and Tests of Operating Effectiveness related to Lord Abbett’s Asset Management Services (“SAS 70 Report”).

The aggregate non-audit fees billed by Deloitte for services rendered to entities under the common control of Lord Abbett (i.e., Lord Abbett Distributor LLC, the Registrant’s principal underwriter) for the fiscal years en ded June 30, 2007 and 2006 were:

FISCAL YEAR ENDED:

	2007		2006
All Other Fees	$	0	$	0

(h) The Registrant’s Audit Committee has considered the provision of non-audit services that were rendered to the Registrant’s investment adviser, and any entity controlling, controlled by or under common control with the

investment adviser that provides ongoing services to the Registrant, that were not pre-approved pursuant to Rule 2-01 (c)(7)(ii) of Regulation S-X and has determined that the provision of such services is compatible with maintaining Deloitte’s independence.

Item 5:		Audit Committee of Listed Registrants.

		Not applicable.

Item 6:		Schedule of Investments.

		Not applicable.

Item 7:		Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

		Not applicable.

Item 8:		Portfolio Managers of Closed-End Management Investment Companies.

		Not applicable.

Item 9:		Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

		Not applicable.

Item 10:		Submission of Matters to a Vote of Security Holders.

		Not applicable.

Item 11: Controls and Procedures.

(a) Based on their evaluation of the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) as of a date within 90 days prior to the filing date of this report, the Chief Executive Officer and Chief Financial Officer of the Registrant have concluded that such disclosure controls and procedures are reasonably designed and effective to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to them by others within those entities.

(b) There were no significant changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the second fiscal quarter of the period covered

by this report that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 12: Exhibits.

(a)(1) Amendments to Code of Ethics – Not applicable.

(a)(2) Certification of each principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2 under the Act (17 CFR 270.30a-2) is attached hereto as a part of EX-99.CERT.

(a)(3) Not applicable.

(b) Certification of each principal executive officer and principal financial officer of the Registrant as required by Section 906 of the Sarbanes-Oxley Act of 2002 is attached hereto as a part of EX-99.906CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	LORD ABBETT U.S. GOVERNMENT & GOVERNMENT SPONSORED ENTERPRISES MONEY MARKET FUND, INC.


			/s/ Robert S. Dow
			Robert S. Dow
			Chief Executive Officer and Chairman


			/s/ Joan A. Binstock
			Joan A. Binstock
			Chief Financial Officer and Vice President

Date: August 20, 2007

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

	LORD ABBETT U.S. GOVERNMENT & GOVERNMENT SPONSORED ENTERPRISES MONEY MARKET FUND, INC.


		/s/ Robert S. Dow
		Robert S. Dow
		Chief Executive Officer and Chairman


		/s/ Joan A. Binstock
		Joan A. Binstock
		Chief Financial Officer and Vice President


Date: August 20, 2007

Lord Abbett Us Gov & Gov Sponsored Enterpr Money Market Fund N-CSR/ACertified annual shareholder report (management investment company) (amended)

Item 4: Principal Accountant Fees and Services.

SIGNATURES