Franklin Tax Exempt Money Fund DEF 14A Definitive proxy

EXHIBIT I-1

FUNDAMENTAL INVESTMENT RESTRICTIONS RECOMMENDED TO BE AMENDED
(As Described in Proposal 5)

	FUNDAMENTAL INVESTMENT  RESTRICTIONS TO BE AMENDED	FUNDAMENTAL INVESTMENT  RESTRICTIONS TO REMAIN UNCHANGED
Franklin Federal Tax-Free Income Fund
	1).  Borrowing
	2).  Underwriting
	3).  Lending
	4).  Investments in Real Estate
	5).  Investments in Commodities
	6).  Issuing Senior Securities
	7).  Concentration
	8).  Diversification of Investments
Franklin Money Fund
	1).  Borrowing
	2).  Underwriting
	3).  Lending
	4).  Investments in Real Estate
	5).  Investments in Commodities
	6).  Issuing Senior Securities
	7).  Concentration
	8).  Diversification of Investments
Franklin Tax-Exempt Money Fund
	1).  Borrowing
	2).  Underwriting
	3).  Lending
	4).  Investments in Real Estate
	5).  Investments in Commodities
	6).  Issuing Senior Securities
	7).  Concentration
	8).  Diversification of Investments
The Money Market Portfolios
The Money Market Portfolio	1).  Borrowing
	2).  Underwriting
	3).  Lending
	4).  Investments in Real Estate
	5).  Investments in Commodities
	6).  Issuing Senior Securities
	7).  Concentration
	8).  Diversification of Investments

I-1-1