UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-05518
---------

THE RBB FUND, INC.
---------------------------------------------------
(Exact name of registrant as specified in charter)

103 Bellevue Parkway, 4th Floor
Wilmington, DE 19809
---------------------------------------------------
(Address of principal executive offices) (Zip code)

Edward J. Roach, President & Treasurer
103 Bellevue Parkway, 4th Floor
Wilmington, DE 19809
---------------------------------------------------
(Name and address of agent for service)

Registrant's telephone number, including area code: 302-791-1112
------------

Date of fiscal year end: August 31
---------

Date of reporting period: February 29, 2008
-----------------

Form N-CSR is to be used by management investment companies to file reports with
the Commission not later than 10 days after the transmission to stockholders of
any report that is required to be transmitted to stockholders under Rule 30e-1
under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may
use the information provided on Form N-CSR in its regulatory, disclosure review,
inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR,
and the Commission will make this information public. A registrant is not
required to respond to the collection of information contained in Form N-CSR
unless the Form displays a currently valid Office of Management and Budget
("OMB") control number. Please direct comments concerning the accuracy of the
information collection burden estimate and any suggestions for reducing the
burden to Secretary, Securities and Exchange Commission, 100 F Street, NE,
Washington, DC 20549. The OMB has reviewed this collection of information under
the clearance requirements of 44 U.S.C. ss. 3507.

ITEM 1. REPORTS TO STOCKHOLDERS.

The Report to Shareholders is attached herewith.

=============================================================

THE BEDFORD
CLASS

OF
THE RBB FUND, INC.
MONEY MARKET
PORTFOLIO

SEMI-ANNUAL REPORT
FEBRUARY 29, 2008
(UNAUDITED)

This report is submitted for the general information of the
shareholders of the Portfolio. It is not authorized for
distribution unless preceded or accompanied by a prospectus
for the Fund.

=============================================================

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
FUND EXPENSE EXAMPLES
(UNAUDITED)

As a shareholder of the Portfolio, you incur two types of costs: (1) transaction
costs and (2) ongoing costs, including management fees, distribution fees, and
other Portfolio expenses. These examples are intended to help you understand
your ongoing costs (in dollars) of investing in the Portfolio and to compare
these costs with the ongoing costs of investing in other mutual funds.

These examples are based on an investment of $1,000 invested at the beginning of
the six-month period from September 1, 2007 through February 29, 2008 and held
for the entire period.

ACTUAL EXPENSES

The first line of the accompanying tables 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
Period" to estimate the expenses you paid on your account during this period.

HYPOTHETICAL EXAMPLE FOR COMPARISON PURPOSES

The second line of the accompanying tables provides information about
hypothetical account values and hypothetical expenses based on the Portfolio's
actual expense ratio and an assumed rate of return of 5% per year before
expenses, which is not the Portfolio'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 Portfolio and other funds. To do
so, compare these 5% hypothetical examples with the 5% hypothetical examples
that appear in the shareholder reports of other funds.

Please note that the expenses shown in the accompanying tables are meant to
highlight your ongoing costs only and do not reflect any transactional costs,
such as redemption fees that may be incurred by shareholders of other funds.
Therefore, the second line of the accompanying tables is useful in comparing
ongoing costs only, and will not help you determine the relative total costs of
owning different funds.

MONEY MARKET PORTFOLIO - BEDFORD CLASS
-----------------------------------------------------------
BEGINNING ENDING EXPENSES PAID
ACCOUNT VALUE ACCOUNT VALUE DURING
SEPTEMBER 1, 2007 FEBRUARY 29, 2008 PERIOD*
----------------- ----------------- -------------

Actual $1,000.00 $1,020.60 $4.53
Hypothetical (5% return before expenses) 1,000.00 1,020.32 4.54

MONEY MARKET PORTFOLIO - SANSOM STREET CLASS
-----------------------------------------------------------
BEGINNING ENDING EXPENSES PAID
ACCOUNT VALUE ACCOUNT VALUE DURING
SEPTEMBER 1, 2007 FEBRUARY 29, 2008 PERIOD*
----------------- ----------------- -------------
Actual $1,000.00 $1,023.40 $1.66
Hypothetical (5% return before expenses) 1,000.00 1,023.20 1.66

* Expenses are equal to the Portfolio's annualized expense ratio of 0.90% for
the Bedford Class shares and 0.33% for the Sansom Street Class shares, which
includes waived fees or reimbursed expenses, multiplied by the average account
value over the period, multiplied by the number of days (182) in the most
recent fiscal half-year, then divided by 366 to reflect the one-half year
period. The Portfolio's ending account value on the first line in each table
is based on the actual six-month total return of 2.06% for the Bedford Class
shares and 2.34% for the Sansom Street Class shares.

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
PORTFOLIO HOLDINGS SUMMARY TABLE
FEBRUARY 29, 2008
(UNAUDITED)

SECURITY % OF NET FAIR
TYPE ASSETS VALUE
-------- -------- ------------
Short Term Investments:
Commercial Paper........................... 47.4% $151,695,231
Certificates of Deposit.................... 36.2 115,681,251
Variable Rate Obligations.................. 7.7 24,474,667
Agency Obligations......................... 4.3 13,770,129
Repurchase Agreements...................... 3.1 9,906,000
Master Notes............................... 1.2 4,000,000
Other Assets In Excess of Liabilities...... 0.1 226,228
----- ------------
NET ASSETS -- 100.0% ......................... 100.0% $319,753,506
===== ============

Portfolio holdings are subject to change at any time.

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
SCHEDULE OF INVESTMENTS
FEBRUARY 29, 2008
(UNAUDITED)

PAR FAIR
(000) VALUE
------- ------------
CERTIFICATES OF DEPOSIT--36.2%
DOMESTIC CERTIFICATES OF DEPOSIT--8.9%
American Express Centurion Bank
3.090%, 03/24/08 ............................... $ 2,000 $ 2,000,000
Branch Banking and Trust Co.
2.960%, 03/10/08 ............................... 5,000 5,000,000
Chase Bank USA
4.700%, 05/07/08 ............................... 2,765 2,765,000
State Street Bank and Trust Co.
4.890%, 03/17/08 ............................... 8,500 8,500,000
Wells Fargo Bank NA
2.950%, 03/04/08 ............................... 10,000 10,000,000
------------
28,265,000
------------
YANKEE DOLLAR CERTIFICATES OF DEPOSIT--27.3%
Banco Bilbao Vizcaya Argentina S.A.,
New York(a)
5.065%, 04/02/08 ............................... 935 935,004
Bank of Montreal, Chicago(a)
5.100%, 04/01/08 ............................... 910 910,000
4.870%, 06/02/08 ............................... 750 750,000
Bank of Scotland PLC, New York(a)
3.270%, 03/25/08 ............................... 4,000 4,000,000
Banque Nationale de Paris, New York(a)
4.940%, 03/19/08 ............................... 7,000 7,000,000
4.800%, 06/05/08 ............................... 3,155 3,155,000
Barclays Bank PLC(a)
4.400%, 04/08/08 ............................... 10,000 10,000,000
Canadian Imperial Bank of
Commerce, New York(a)
5.090%, 04/01/08 ............................... 2,585 2,585,000
4.870%, 06/10/08 ............................... 2,295 2,295,000
Deutsche Bank AG, New York(a)
5.385%, 03/11/08 ............................... 2,600 2,600,000
Lloyds Tsb Bank PLC, New York(a)
3.060%, 03/25/08 ............................... 10,000 10,000,000
Natixis, New York(a)
5.420%, 07/10/08 ............................... 775 776,046
Nordea Bank Finland PLC, New York(a)
4.910%, 06/23/08 ............................... 835 835,025
4.820%, 10/17/08 ............................... 2,820 2,820,172
Rabobank Nederland NV, New York(a)
3.070%, 03/03/08 ............................... 5,000 5,000,000
Svenska Handelsbanken, New York(a)
4.140%, 03/17/08 ............................... 1,500 1,500,000
3.020%, 04/28/08 ............................... 10,000 10,000,000

PAR FAIR
(000) VALUE
------- ------------
CERTIFICATES OF DEPOSIT--(CONTINUED)
YANKEE DOLLAR CERTIFICATES OF DEPOSIT--(CONTINUED)
Toronto Dominion Bank, New York(a)
5.000%, 03/25/08 ............................... $ 5,000 $ 5,000,000
5.050%, 03/25/08 ............................... 5,000 5,000,000
4.860%, 05/30/08 ............................... 300 300,000
4.850%, 06/06/08 ............................... 2,265 2,265,000
UBS AG, Stamford(a)
5.050%, 03/20/08 ............................... 2,500 2,500,000
4.895%, 06/04/08 ............................... 755 755,000
Unicredito Italiano, New York(a)
5.385%, 03/20/08 ............................... 1,435 1,435,004
5.015%, 03/27/08 ............................... 5,000 5,000,000
------------
87,416,251
------------
TOTAL CERTIFICATES OF DEPOSIT
(COST $115,681,251) ........................ 115,681,251
------------
COMMERCIAL PAPER--47.4%
ASSET BACKED SECURITIES--23.0%
Amstel Funding Corp.
5.650%, 03/11/08 ............................... 2,000 1,996,861
Atlantis One Funding Corp.
4.580%, 04/02/08 ............................... 5,000 4,979,644
CAFCO LLC
4.950%, 03/14/08 ............................... 10,000 9,982,125
3.030%, 05/01/08 ............................... 3,500 3,482,030
Ciesco LLC
3.050%, 05/02/08 ............................... 8,500 8,455,351
Falcon Asset Securitization Company LLC
3.170%, 04/24/08 ............................... 7,000 6,966,715
3.080%, 05/20/08 ............................... 3,000 2,979,467
Govco LLC
3.850%, 04/14/08 ............................... 5,000 4,976,472
Park Avenue Receivables Corp.
3.150%, 04/22/08 ............................... 10,000 9,954,500
Ranger Funding Company LLC
3.950%, 04/18/08 ............................... 5,000 4,973,667
Windmill Funding Corp.
3.210%, 04/21/08 ............................... 3,000 2,986,358
Yorktown Capital LLC
3.820%, 04/11/08 ............................... 5,000 4,978,247
3.250%, 04/21/08 ............................... 7,000 6,967,771
------------
73,679,208
------------

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
SCHEDULE OF INVESTMENTS (CONTINUED)
FEBRUARY 29, 2008
(UNAUDITED)

PAR FAIR
(000) VALUE
------- ------------
COMMERCIAL PAPER--(CONTINUED)
BANKS--17.4%
Banco Santander Puerto Rico(b)
3.850%, 04/15/08 ............................... $ 5,000 $ 4,975,938
Bank of America Corp.
2.980%, 05/07/08 ............................... 5,000 4,972,269
4.690%, 05/27/08 ............................... 1,000 988,666
3.673%, 06/12/08 ............................... 1,515 1,499,079
2.840%, 07/07/08 ............................... 1,000 989,902
3.800%, 07/11/08 ............................... 2,040 2,011,576
Danske Corp.(b)
3.130%, 03/31/08 ............................... 5,000 4,986,958
3.500%, 04/18/08 ............................... 6,512 6,481,611
Dexia Delaware LLC(b)
4.920%, 03/19/08 ............................... 6,000 5,985,240
ING US Funding LLC(b)
3.010%, 05/06/08 ............................... 3,000 2,983,445
JPMorgan Chase & Co.
2.860%, 07/07/08 ............................... 4,000 3,959,324
Raiffeisen Zentralbank Osterreich AG(b)
4.560%, 04/07/08 ............................... 5,000 4,976,567
3.200%, 04/23/08 ............................... 4,000 3,981,156
Royal Bank of Scotland PLC(b)
4.790%, 06/04/08 ............................... 2,790 2,754,734
Societe Generale North America, Inc.(b)
4.060%, 04/11/08 ............................... 3,000 2,986,128
Unicredito Italiano Banks Ireland PLC(b)
5.245%, 03/20/08 ............................... 1,200 1,196,678
------------
55,729,271
------------
FINANCE SERVICES--5.4%
Citigroup Funding, Inc.
4.730%, 05/02/08 ............................... 1,160 1,150,550
General Electric Capital Corp.
4.780%, 03/17/08 ............................... 5,000 4,989,378
3.830%, 07/10/08 ............................... 1,700 1,676,307
UBS Finance Delaware LLC
5.250%, 03/18/08 ............................... 9,500 9,476,448
------------
17,292,683
------------

PAR FAIR
(000) VALUE
------- ------------
COMMERCIAL PAPER--(CONTINUED)
LIFE INSURANCE--1.6%
Prudential Funding LLC
2.970%, 03/12/08 ............................... $ 3,000 $ 2,997,278
3.040%, 03/20/08 ............................... 2,000 1,996,791
------------
4,994,069
------------
TOTAL COMMERCIAL PAPER
(COST $151,695,231) ........................ 151,695,231
------------
VARIABLE RATE OBLIGATIONS--7.7%
ASSET BACKED SECURITIES--0.4%
Cullinan Finance Corp.(c)(d)(e)
3.115%, 06/25/08 ............................... 1,115 1,114,965
------------
BANKS--5.7%
Bank of Montreal Chicago(a)(c)
3.196%, 11/10/08 ............................... 2,425 2,425,000
Bank of Nova Scotia, New York(a)(c)
3.089%, 07/03/08 ............................... 2,200 2,199,702
Deutsche Bank AG, New York(a)(c)
4.753%, 01/21/09 ............................... 2,135 2,135,000
HBOS Treasury Services PLC(b)(c)(d)
4.954%, 06/24/08 ............................... 8,000 8,000,000
Wachovia Bank NA(c)
4.753%, 02/04/09 ............................... 1,600 1,600,000
Westpac Banking Corp.(c)(d)
5.201%, 10/10/08 ............................... 2,000 2,000,000
------------
18,359,702
------------
LIFE INSURANCE--1.6%
MetLife Global Funding I(c)(d)
3.235%, 04/28/08 ............................... 5,000 5,000,000
------------
TOTAL VARIABLE RATE OBLIGATIONS
(COST $24,474,667) ......................... 24,474,667
------------
AGENCY OBLIGATIONS--4.3%
Federal Home Loan Bank
2.560%, 02/13/09 ............................... 2,260 2,260,000
4.746%, 03/20/09(c) ............................ 1,605 1,606,575
3.064%, 08/13/09(c) ............................ 1,600 1,600,000
3.146%, 08/14/09(c) ............................ 2,495 2,494,637

See Accompanying Notes to Financial Statements.

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
SCHEDULE OF INVESTMENTS (CONCLUDED)
FEBRUARY 29, 2008
(UNAUDITED)

PAR FAIR
(000) VALUE
------- ------------
AGENCY OBLIGATIONS--(CONTINUED)
Federal Home Loan Bank Discount Note
2.500%, 08/06/08 ............................... $ 2,160 $ 2,136,300
Federal Home Loan Mortgage Corp.
Discount Note
2.500%, 08/18/08 ............................... 725 716,441
Federal National Mortgage Assoc.
Discount Note
2.495%, 08/20/08 ............................... 670 662,013
2.490%, 09/08/08 ............................... 1,440 1,420,977
2.490%, 09/10/08 ............................... 885 873,186
------------
TOTAL AGENCY OBLIGATIONS
(COST $13,770,129) ......................... 13,770,129
------------
MASTER NOTES--1.2%
Bank of America Securities LLC(c)
3.205%, 01/22/09 ............................... 4,000 4,000,000
------------
TOTAL MASTER NOTES
(COST $4,000,000) .......................... 4,000,000
------------
REPURCHASE AGREEMENTS--3.1%
Deutsche Bank Securities, Inc.
(Tri-Party Agreement dated 02/29/08
to be repurchased at $9,908,559,
collateralized by $9,969,000 par
value, Federal Home Loan Mortgage
Corp., 5.52%, due 06/30/10;
$53,000 par value, Federal National
Mortgage Association, 4.40%,
due 04/07/08; Market Value of
the collateral is $10,203,608)
3.100%, 03/03/08 ............................... 9,906 9,906,000
------------
TOTAL REPURCHASE AGREEMENTS
(COST $9,906,000) .......................... 9,906,000
------------
TOTAL INVESTMENTS AT VALUE--99.9%
(COST $319,527,278*) ........................... 319,527,278
------------
OTHER ASSETS IN EXCESS OF
LIABILITIES --0.1% ............................. 226,228
------------

FAIR
VALUE
------------
NET ASSETS (APPLICABLE TO
303,339,276 BEDFORD SHARES
AND 16,412,790 SANSOM
STREET SHARES)--100.0% ......................... $319,753,506
============

* Aggregate cost is the same for financial reporting and Federal tax purposes.

(a) Security is a foreign domiciled issuer which is registered with the
Securities and Exchange Commission.

(b) U.S. dollar denominated security issued by foreign domiciled entity.

(c) Variable Rate Obligations -- The interest rate shown is the rate as of
February 29, 2008 and the maturity date shown is the next interest rate
readjustment date or the maturity date.

(d) Security is exempt from registration under Rule 144A of the Securities Act
of 1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional investors.

(e) Security is illiquid.

See Accompanying Notes to Financial Statements.

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
STATEMENT OF ASSETS AND LIABILITIES
FEBRUARY 29, 2008
(UNAUDITED)

ASSETS
Investments, at fair value (cost $309,621,278)................ $309,621,278
Repurchase agreements at cost................................. 9,906,000
Cash.......................................................... 933
Interest receivable........................................... 1,274,540
Prepaid expenses and other assets............................. 26,623
------------
Total assets........................................... 320,829,374
------------

LIABILITIES
Payables for:
Dividends.................................................. 812,485
Distribution fees.......................................... 136,685
Advisory fees.............................................. 57,745
Custodian fees............................................. 20,520
Directors' and officer's fees.............................. 9,625
Transfer agent fees........................................ 6,320
Administration and accounting fees......................... 4,636
Service organization fees.................................. 162
Accrued expenses and other liabilities........................ 27,690
------------
Total liabilities...................................... 1,075,868
------------
NET ASSETS.................................................... $319,753,506
============

NET ASSETS CONSISTED OF:
Paid-in capital............................................... $319,752,065
Undistributed net investment income........................... 831
Accumulated net realized gain from investments................ 610
------------
NET ASSETS.................................................... $319,753,506
============
NET ASSET VALUE, Offering and Redemption Price Per
Bedford Share ($303,342,345/303,339,276)...................... $1.00
=====
NET ASSET VALUE, Offering and Redemption Price Per
Sansom Street Share ($16,411,161/16,412,790).................. $1.00
=====

See Accompanying Notes to Financial Statements.

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
STATEMENT OF OPERATIONS
FOR THE SIX MONTHS ENDED FEBRUARY 29, 2008
(UNAUDITED)

Investment Income
Interest................................................... $6,731,268
----------
Expenses
Distribution fees(1)....................................... 820,493
Investment advisory and administration fees................ 603,582
Custodian fees............................................. 37,570
Professional fees.......................................... 28,508
Directors' and officer's fees.............................. 27,039
Printing and shareholder reporting fees.................... 26,389
Registration and filing fees............................... 26,322
Regulatory administration fees............................. 17,894
Transfer agent fees........................................ 10,295
Insurance fees............................................. 8,560
Service organization fees (Sansom Class)................... 500
Other expenses............................................. 15,636
----------
Total expenses......................................... 1,622,788
Less fees waived........................................... (456,613)
----------
Net total expenses..................................... 1,166,175
----------
Net investment income......................................... 5,565,093
Realized gain on investments.................................. 8,104
----------
Net increase in net assets resulting from operations.......... $5,573,197
==========

(1) See Note 2 in Notes to Financial Statements.

See Accompanying Notes to Financial Statements.

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
STATEMENT OF CHANGES IN NET ASSETS

FOR THE
SIX MONTHS ENDED FOR THE
FEBRUARY 29, 2008 YEAR ENDED
(UNAUDITED) AUGUST 31, 2007
----------------- ---------------

Increase (decrease) in net assets:
Operations:
Net investment income........................................ $ 5,565,093 $ 9,566,330
Net realized gain (loss) on investments...................... 8,104 (1,885)
------------ ------------
Net increase in net assets resulting from operations......... 5,573,197 9,564,445
------------ ------------
Dividends to shareholders from Net investment income:
Bedford shares............................................. (5,127,619) (8,491,001)
Sansom Street shares....................................... (437,474) (1,075,329)
------------ ------------
Total dividends to shareholders............................ (5,565,093) (9,566,330)
------------ ------------
Net capital share transactions (See Note 3).................... 85,479,665 68,085,811
------------ ------------
Total increase in net assets .................................. 85,487,769 68,083,926
Net Assets:
Beginning of period ......................................... 234,265,737 166,181,811
------------ ------------
End of period ............................................... $319,753,506 $234,265,737
============ ============
Undistributed net investment income, end of period........... $ 831 $ 831
============ ============

See Accompanying Notes to Financial Statements.

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
FINANCIAL HIGHLIGHTS
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)

THE BEDFORD CLASS
------------------------------------------------------------------------------------------
FOR THE
SIX MONTHS FOR THE FOR THE FOR THE FOR THE FOR THE
ENDED YEAR YEAR YEAR YEAR YEAR
FEBRUARY 29, ENDED ENDED ENDED ENDED ENDED
2008 AUGUST 31, AUGUST 31, AUGUST 31, AUGUST 31, AUGUST 31,
(UNAUDITED) 2007 2006 2005 2004 2003
------------ ---------- ---------- ----------- ----------- ----------

Net asset value, beginning of period ... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
-------- -------- -------- -------- -------- --------
Income from investment operations:
Net investment income ............... 0.0204 0.0447 0.0388 0.0162 0.0025 0.0046
Net gains on securities ............. --(b) --(b) --(b) --(b) --(b) 0.0005
-------- -------- -------- -------- -------- --------
Total net income from investment
operations................... 0.0204 0.0447 0.0388 0.0162 0.0025 0.0051
-------- -------- -------- -------- -------- --------
Less dividends and distributions:
Dividends (from net investment
income) ........................... (0.0204) (0.0447) (0.0388) (0.0162) (0.0025) (0.0046)
Distributions (from capital gains) .. -- -- -- -- -- (0.0005)
-------- -------- -------- -------- -------- --------
Total dividends and distributions . (0.0204) (0.0447) (0.0388) (0.0162) (0.0025) (0.0051)
-------- -------- -------- -------- -------- --------
Net asset value, end of period ......... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
======== ======== ======== ======== ======== ========
Total Return ...................... 2.06% 4.56% 3.95% 1.63% 0.25% 0.53%

Ratios/Supplemental Data
Net assets, end of period
(000's omitted) ................... $303,342 $218,914 $150,657 $109,495 $ 72,001 $ 80,406
Ratios of expenses to average
net assets(a) ..................... 0.90%(c) 0.90% 0.85% 0.97% 0.94% 0.98%
Ratios of net investment income
to average net assets ............. 4.07%(c) 4.47% 3.81% 1.68% 0.24% 0.46%

(a) Without the waiver of advisory fees and reimbursement of certain operating
expenses, the ratios of expenses to average net assets for the Bedford Class
of the Money Market Portfolio would have been 1.24% for the six months ended
February 29, 2008 and 1.29%,1.34%, 1.23%, 1.34% and 1.30% for the years
ended August 31, 2007, 2006, 2005, 2004 and 2003, respectively.

(b) Amount is less than ($0.0005) per share.

See Accompanying Notes to Financial Statements.

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
FINANCIAL HIGHLIGHTS (CONCLUDED)
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)

THE SANSOM STREET CLASS
------------------------------------------------------------------------------------------
FOR THE
SIX MONTHS FOR THE FOR THE FOR THE FOR THE FOR THE
ENDED YEAR YEAR YEAR YEAR YEAR
FEBRUARY 29, ENDED ENDED ENDED ENDED ENDED
2008 AUGUST 31, AUGUST 31, AUGUST 31, AUGUST 31, AUGUST 31,
(UNAUDITED) 2007 2006 2005 2004 2003
------------ ---------- ---------- ----------- ----------- ----------

Net asset value, beginning of period ... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
-------- -------- -------- -------- -------- --------
Income from investment operations:
Net investment income ............... 0.0232 0.0502 0.0434 0.0239 0.0100 0.0114
Net gains on securities ............. --(b) --(b) --(b) --(b) --(b) 0.0005
-------- -------- -------- -------- -------- --------
Total net income from investment
operations ...................... 0.0232 0.0502 0.0434 0.0239 0.0100 0.0119
-------- -------- -------- -------- -------- --------
Less dividends and distributions:
Dividends (from net investment
income) ........................... (0.0232) (0.0502) (0.0434) (0.0239) (0.0100) (0.0114)
Distributions (from capital gains) .. -- -- -- -- -- (0.0005)
-------- -------- -------- -------- -------- --------
Total dividends and distributions . (0.0232) (0.0502) (0.0434) (0.0239) (0.0100) (0.0119)
-------- -------- -------- -------- -------- --------
Net asset value, end of period ......... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
======== ======== ======== ======== ======== ========
Total Return ...................... 2.34% 5.14% 4.42% 2.41% 1.00% 1.21%

Ratios/Supplemental Data
Net assets, end of period
(000's omitted) ................... $ 16,411 $ 15,352 $ 15,525 $ 87,304 $141,372 $198,373
Ratios of expenses to average
net assets(a) ..................... 0.33%(c) 0.35% 0.26% 0.20% 0.20% 0.30%
Ratios of net investment income to
average net assets ................ 4.55%(c) 5.02% 4.25% 2.39% 0.98% 1.14%

(a) Without the waiver of advisory fees and reimbursement of certain operating
expenses, the ratios of expenses to average net assets for the Sansom Street
Class of the Money Market Portfolio would have been 0.61% for the six months
ended February 29, 2008 and 0.69%, 0.67%, 0.67%, 0.59% and 0.57% for the
years ended August 31, 2007, 2006, 2005, 2004 and 2003, respectively.

(b) Amount is less than ($0.0005) per share.

See Accompanying Notes to Financial Statements.

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
NOTES TO FINANCIAL STATEMENTS
FEBRUARY 29, 2008
(UNAUDITED)

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The RBB Fund, Inc. ("RBB" or the "Company") was incorporated under the laws
of the State of Maryland on February 29, 1988, and is registered under the
Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end
management investment company. RBB is a "series fund," which is a mutual fund
divided into separate portfolios. Each portfolio is treated as a separate entity
for certain matters under the 1940 Act, and for other purposes, and a
shareholder of one portfolio is not deemed to be a shareholder of any other
portfolio. Currently, RBB has twenty-one active investment portfolios, including
the Money Market Portfolio ("Portfolio"), which comprise the RBB family of
funds.

RBB has authorized capital of one hundred billion shares of common stock of
which 78.073 billion shares are currently classified into one hundred and twenty
classes of common stock. The Portfolio has issued shares with a par value of
$0.001. Each class represents an interest in an active or inactive RBB
investment portfolio. The active classes have been grouped into ten separate
"families."

SECURITY VALUATION -- Securities held in the Portfolio are valued under the
amortized cost method, which approximates current market value. Under this
method, securities are valued at cost when purchased and thereafter a constant
accretion of discount or amortization of premium is recorded until maturity of
the security. Regular review and monitoring of the valuation is performed to
ensure that cost continues to approximate market value and to avoid dilution or
other unfair results to shareholders. The Portfolio seeks to maintain net asset
value per share at $1.00.

SECURITY TRANSACTIONS, INVESTMENT INCOME, AND EXPENSES -- Security
transactions are accounted for on the trade date. The cost of investments sold
is determined by use of the specific identification method for both financial
reporting and income tax purposes. Interest income is accrued when earned.
Certain expenses, such as distribution, transfer agency and printing, are class
specific expenses and vary by class. Expenses not directly attributable to a
specific portfolio or class are allocated based on relative net assets of each
portfolio and class. Expenses incurred on behalf of a specific class, fund or
fund family are charged directly to the class, fund or fund family (in
proportion to net assets). Expenses incurred for all portfolios within the
Company (such as director or professional fees) are charged to all portfolios in
proportion to their average net assets.

DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS -- Dividends from net
investment income are declared daily, recorded on the ex-date and paid monthly.
All dividends from net investment income are taxed as ordinary income. Any net
realized capital gains are distributed at least annually. Income subject to
dividends and capital gain subject to distributions are determined in accordance
with income tax regulations, which may differ from accounting principles
generally accepted in the United States of America.

FEDERAL INCOME TAXES -- No provision is made for federal income taxes. It
is the Company's intention to have each portfolio continue to qualify for and
elect the tax treatment applicable to regulated investment companies under
Subchapter M of the Internal Revenue Code and make the requisite distributions
to its shareholders which will be sufficient to relieve it from federal income
and excise taxes.

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
FEBRUARY 29, 2008
(UNAUDITED)

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

REPURCHASE AGREEMENTS -- Money market instruments may be purchased subject
to the seller's agreement to repurchase them at an agreed-upon date and price.
The seller will be required on a daily basis to maintain the value of the
securities as collateral, subject to the agreement at not less than the
repurchase price plus accrued interest. If the value of the collateral falls
below 102% of the value of the repurchase price plus accrued interest, the
Portfolio will require the seller to deposit additional collateral by the next
Portfolio business day. In the event that the seller under the agreement
defaults on its repurchase obligation or fails to deposit sufficient collateral,
the Portfolio has the contractual right, subject to the requirements of
applicable bankruptcy and insolvency laws, to sell the underlying securities and
may claim any resulting loss from the seller. The agreements are conditioned
upon the collateral being deposited under the Federal Reserve Book Entry System
or with the Portfolio's custodian or a third party sub-custodian.

USE OF ESTIMATES -- The preparation of financial statements in conformity
with accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions. These estimates and
assumptions 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 revenues and expenses during the reporting period.
Actual results could differ from those estimates.

OTHER -- In the normal course of business, the Portfolio may enter into
contracts that provide general indemnifications. The Portfolio's maximum
exposure under these arrangements is dependent on claims that may be made
against the Portfolio in the future, and, therefore, cannot be estimated;
however, based on experience, the risk of material loss for such claims is
considered remote.

2. TRANSACTIONS WITH AFFILIATES AND RELATED PARTIES

Pursuant to an Investment Advisory and Administration Agreement, BlackRock
Institutional Management Corp. (the "Adviser" or "BIMC"), an indirect subsidiary
of The PNC Financial Services Group, Inc., serves as investment adviser and
administrator for the Portfolio. BIMC and PFPC Inc. ("PFPC"), a wholly-owned
subsidiary of PFPC Worldwide Inc. and an indirect wholly-owned subsidiary of The
PNC Financial Services Group, Inc., entered into a delegation agreement on
behalf of the Portfolio, wherein PFPC has agreed to perform administration and
accounting services for an annual fee of 0.10% of the average net assets of the
Portfolio, paid out of the fee paid to BIMC.

For its advisory services, BIMC is entitled to receive the following fees,
computed daily and payable monthly, and based on the Portfolio's average daily
net assets:

ANNUAL RATE
----------------------------------------------
0.45% of first $250 million of net assets;
0.40% of next $250 million of net assets; and
0.35% of net assets in excess of $500 million.

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
FEBRUARY 29, 2008
(UNAUDITED)

2. TRANSACTIONS WITH AFFILIATES AND RELATED PARTIES (CONTINUED)

BIMC may, at its discretion, voluntarily waive all or any portion of its
advisory fee for the Portfolio. For each class of shares within the Portfolio,
the net advisory fee charged to each class is the same on a relative basis. For
the six months ended February 29, 2008, advisory fees and waivers for the
investment portfolio were as follows:

GROSS NET
ADVISORY ADVISORY
FEE WAIVER FEE
-------- ---------- --------
$603,582 $(393,702) $209,880

As of February 29, 2008, the Portfolio owed BIMC $57,745 in advisory fees.

BIMC may voluntarily waive and/or reimburse a portion of its fees. PFPC may
also voluntarily waive a portion of its fees and/or reimburse expenses.

The Portfolio will not pay BIMC or PFPC at a later time for any amounts
waived or assumed.

For providing regulatory administration services to RBB, PFPC is entitled
to receive compensation as agreed to by the Company and PFPC. This fee is
allocated to each portfolio in proportion to their net assets. The Portfolio's
portion of this fee for the six months ended February 29, 2008 was $17,894.

PFPC serves as the transfer and dividend disbursing agent for each class.
Both PFPC Trust Company and PFPC are wholly-owned subsidiaries of PFPC Worldwide
Inc., an indirect wholly-owned subsidiary of The PNC Financial Services Group,
Inc. For providing transfer agent services, PFPC is entitled to receive fees
from the Portfolio. PFPC may, at its discretion, voluntarily waive all or any
portion of its transfer agency fee for any class of shares. For the six months
ended February 29, 2008, transfer agency fees for the Portfolio were $10,295.

PFPC Trust Company provides certain custodial services to the Portfolio. As
compensation for such custodial services, PFPC Trust Company is entitled to
receive the following fees, computed daily and payable monthly, and based on the
Portfolio's average gross assets:

ANNUAL RATE
-------------------------------------------------
0.025% of first $50 million of gross assets;
0.020% of next $50 million of gross assets;
0.015% of gross assets in excess of $100 million.

The Portfolio, on behalf of each class of shares of the Portfolio, has
adopted Distribution Plans pursuant to Rule 12b-1 under the 1940 Act (the
"Plans"). The Portfolio has entered into a Distribution Agreement with PFPC
Distributors, Inc. ("PFPC Distributors"). PFPC Distributors is a wholly-owned
subsidiary of PFPC Worldwide Inc. and an indirect wholly-owned subsidiary of The
PNC Financial Services Group, Inc.

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
FEBRUARY 29, 2008
(UNAUDITED)

2. TRANSACTIONS WITH AFFILIATES AND RELATED PARTIES (CONTINUED)

The Plans provide for each class to make monthly payments, based on average
net assets, to PFPC Distributors of up to 0.65% on an annualized basis for the
Bedford Class and up to 0.05% on an annualized basis for the Sansom Street
Class. Effective December 31, 2007, the Plan was terminated with respect to the
Sansom Street Class. For the six months ended February 29, 2008, distribution
fees paid to PFPC Distributors for each class were as follows:

GROSS NET
DISTRIBUTION DISTRIBUTION
FEE WAIVER FEE
------------ --------- ------------

Bedford Class $817,844 $(62,911) $754,933
Sansom Street Class 2,649 -- 2,649
-------- -------- ---------
Total Money Market Portfolio $820,493 $(62,911) $757,582
======== ======== =========

The Portfolio has entered into service agreements with banks affiliated
with PNC who render support services to customers who are the beneficial owners
of the Sansom Street Class in consideration of the payment of 0.10% of the daily
net asset value of such shares. For the six months ended February 29, 2008,
service organization fees were $500 for the Portfolio.

As of February 29, 2008, the Portfolio owed PFPC and its affiliates
$168,161 for their services.

3. CAPITAL SHARES

Transactions in capital shares (at $1 per capital share) for each year were
as follows:

BEDFORD CLASS
------------------------------------
FOR THE
SIX MONTHS ENDED FOR THE
FEBRUARY 29, 2008 YEAR ENDED
(UNAUDITED) AUGUST 31, 2007
----------------- ---------------
VALUE VALUE
----------------- ---------------

Shares sold $ 353,526,258 $ 540,563,896
Shares issued on reinvestment of dividends 4,698,705 8,204,137
Shares repurchased (273,803,995) (480,513,295)
-------------- --------------
Net Increase $ 84,420,968 $ 68,254,738
-------------- --------------
Bedford Shares authorized 1,500,000,000 1,500,000,000
============== ==============

SANSOM STREET CLASS
------------------------------------
FOR THE
SIX MONTHS ENDED FOR THE
FEBRUARY 29, 2008 YEAR ENDED
(UNAUDITED) AUGUST 31, 2007
----------------- ---------------
VALUE VALUE
----------------- ---------------

Shares sold $ 74,474,753 $ 207,692,244
Shares issued on reinvestment of dividends 60,914 136,709
Shares repurchased (73,476,970) (207,997,880)
-------------- --------------
Net Increase/Decrease $ 1,058,697 $ (168,927)
-------------- --------------
Sansom Street Shares authorized 1,500,000,000 1,500,000,000
============== ==============

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
NOTES TO FINANCIAL STATEMENTS (CONCLUDED)
FEBRUARY 29, 2008
(UNAUDITED)

4. FEDERAL INCOME TAX INFORMATION

The Portfolio intends to continue to qualify as a regulated investment
company and distribute all of its taxable income. Therefore, no federal tax
provision is required.

For federal income tax purposes, realized capital losses may be carried
forward and applied against future realized gains. At August 31, 2007, the
Portfolio had capital loss carryforwards of $5,533 of which $3,587 will expire
on August 31, 2013, $917 will expire on August 31, 2014 and $1,029 will expire
on August 31, 2015.

5. NEW ACCOUNTING PRONOUNCEMENTS

Effective February 29, 2008, the Portfolio adopted FASB Interpretation No.
48, "Accounting for Uncertainty in Income Taxes" ("FIN 48"). FIN 48 provides
guidance for how uncertain tax positions should be recognized, measured,
presented and disclosed in the financial statements. FIN 48 requires the
evaluation of tax positions taken or expected to be taken in the course of
preparing the Fund's tax returns to determine whether the tax positions are
"more-likely-than-not" of being sustained by the applicable tax authority. Tax
positions not deemed to meet the "more-likely-than-not" threshold would be
recorded as a tax benefit or expense in the current year. The adoption of FIN 48
did not result in the recording of any tax benefits or expenses.

In September 2006, FASB issued Statement of Financial Accounting Standards
("SFAS") 157, Fair Value Measurements, which clarifies the definition of fair
value and requires companies to expand their disclosure about the use of fair
value to measure assets and liabilities in interim and annual periods subsequent
to initial recognition. Adoption of SFAS 157 requires the use of the price that
would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date. SFAS 157 is
effective for financial statements issued for fiscal years beginning after
November 15, 2007, and interim periods within those fiscal years. Although we
are still in the process of evaluating the impact, if any, of SFAS 157 on the
Portfolio, management believes that there will be no material impact on the
Portfolio's financial statements other than enhanced disclosures.

ADDITIONAL INFORMATION
(UNAUDITED)

PROXY VOTING

Policies and procedures that the Portfolio uses to determine how to vote
proxies relating to portfolio securities as well as information regarding how
the Portfolio voted proxies relating to portfolio securities for the most recent
12-month period ended June 30 are available without charge, upon request, by
calling the number shown below and on the Securities and Exchange Commission's
("SEC") website at http://www.sec.gov.

Bedford (800) 888-9723
Sansom Street (888) 261-4073

QUARTERLY PORTFOLIO SCHEDULES

The Company files its complete schedule of portfolio holdings with the SEC
for the first and third fiscal quarter of each fiscal year (quarters ended
November 30 and May 31) on Form N-Q. The Company's Form N-Q is available on the
SEC website at http://www.sec.gov and may be reviewed and copied at the SEC
Public Reference Room in Washington, D.C. Information on the operation of the
SEC Public Reference Room may be obtained by calling (202) 551-8090.

[THIS PAGE INTENTIONALLY LEFT BLANK.]

INVESTMENT ADVISER
BlackRock Institutional Management Corporation
100 Bellevue Parkway
Wilmington, DE 19809

TRANSFER AGENT
PFPC Inc.
101 Sabin Street
Pawtucket, RI 02866

PRINCIPAL UNDERWRITER
PFPC Distributors, Inc.
760 Moore Road
King of Prussia, PA 19406

CUSTODIAN
PFPC Trust Company
8800 Tinicum Blvd.
Suite 200
Philadelphia, PA 19153

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Deloitte & Touche LLP
1700 Market Street
Philadelphia, PA 19103-3984

COUNSEL
Drinker Biddle & Reath LLP
One Logan Square
18th and Cherry Streets
Philadelphia, PA 19103-6996

================================================================================

THE SANSOM
STREET
CLASS

OF
THE RBB FUND, INC.
MONEY MARKET PORTFOLIO

Semi-Annual Report
February 29, 2008
(Unaudited)

This report is submitted for the general information of the shareholders of the
Portfolio. It is not authorized for distribution unless preceded or accompanied
by a prospectus for the Fund.

================================================================================

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
FUND EXPENSE EXAMPLES
(UNAUDITED)

These examples are based on an investment of $1,000 invested at the beginning of
the six-month period from September 1, 2007 through February 29, 2008 and held
for the entire period.

ACTUAL EXPENSES

HYPOTHETICAL EXAMPLE FOR COMPARISON PURPOSES

MONEY MARKET PORTFOLIO - BEDFORD CLASS
- -----------------------------------------------------------------------------------------------------------------
BEGINNING ENDING EXPENSES PAID
ACCOUNT VALUE ACCOUNT VALUE DURING
SEPTEMBER 1, 2007 FEBRUARY 29, 2008 PERIOD*
----------------- ----------------- -------------

Actual $1,000.00 $1,020.60 $4.53
Hypothetical (5% return before expenses) 1,000.00 1,020.32 4.54

MONEY MARKET PORTFOLIO - SANSOM STREET CLASS
- -----------------------------------------------------------------------------------------------------------------
BEGINNING ENDING EXPENSES PAID
ACCOUNT VALUE ACCOUNT VALUE DURING
SEPTEMBER 1, 2007 FEBRUARY 29, 2008 PERIOD*
----------------- ----------------- -------------

Actual $1,000.00 $1,023.40 $1.66
Hypothetical (5% return before expenses) 1,000.00 1,023.20 1.66

<FN>
* Expenses are equal to the Portfolio's annualized expense ratio of 0.90% for the Bedford Class shares and 0.33%
for the Sansom Street Class shares, which includes waived fees or reimbursed expenses, multiplied by the
average account value over the period, multiplied by the number of days (182) in the most recent fiscal
half-year, then divided by 366 to reflect the one-half year period. The Portfolio's ending account value on the
first line in each table is based on the actual six-month total return of 2.06% for the Bedford Class shares
and 2.34% for the Sansom Street Class shares.
</FN>

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
PORTFOLIO HOLDINGS SUMMARY TABLE
FEBRUARY 29, 2008
(UNAUDITED)

SECURITY % OF NET FAIR
TYPE ASSETS VALUE
-------- -------- ------------

Short Term Investments:
Commercial Paper.............................................................. 47.4% $151,695,231
Certificates of Deposit....................................................... 36.2 115,681,251
Variable Rate Obligations..................................................... 7.7 24,474,667
Agency Obligations............................................................ 4.3 13,770,129
Repurchase Agreements......................................................... 3.1 9,906,000
Master Notes.................................................................. 1.2 4,000,000
Other Assets In Excess of Liabilities......................................... 0.1 226,228
----- ------------
NET ASSETS -- 100.0%.............. 100.0% $319,753,506
===== ============

Portfolio holdings are subject to change at any time.

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
SCHEDULE OF INVESTMENTS
FEBRUARY 29, 2008
(UNAUDITED)

PAR FAIR
(000) VALUE
------- ------------
CERTIFICATES OF DEPOSIT--36.2%
DOMESTIC CERTIFICATES OF DEPOSIT--8.9%
American Express Centurion Bank
3.090%, 03/24/08 .......................... $ 2,000 $ 2,000,000
Branch Banking and Trust Co.
2.960%, 03/10/08 .......................... 5,000 5,000,000
Chase Bank USA
4.700%, 05/07/08 .......................... 2,765 2,765,000
State Street Bank and Trust Co.
4.890%, 03/17/08 .......................... 8,500 8,500,000
Wells Fargo Bank NA
2.950%, 03/04/08 .......................... 10,000 10,000,000
------------
28,265,000
------------
YANKEE DOLLAR CERTIFICATES OF DEPOSIT--27.3%
Banco Bilbao Vizcaya Argentina S.A.,
New York(a)
5.065%, 04/02/08 .......................... 935 935,004
Bank of Montreal, Chicago(a)
5.100%, 04/01/08 .......................... 910 910,000
4.870%, 06/02/08 .......................... 750 750,000
Bank of Scotland PLC, New York(a)
3.270%, 03/25/08 .......................... 4,000 4,000,000
Banque Nationale de Paris, New York(a)
4.940%, 03/19/08 .......................... 7,000 7,000,000
4.800%, 06/05/08 .......................... 3,155 3,155,000
Barclays Bank PLC(a)
4.400%, 04/08/08 .......................... 10,000 10,000,000
Canadian Imperial Bank of
Commerce, New York(a)
5.090%, 04/01/08 .......................... 2,585 2,585,000
4.870%, 06/10/08 .......................... 2,295 2,295,000
Deutsche Bank AG, New York(a)
5.385%, 03/11/08 .......................... 2,600 2,600,000
Lloyds Tsb Bank PLC, New York(a)
3.060%, 03/25/08 .......................... 10,000 10,000,000
Natixis, New York(a)
5.420%, 07/10/08 .......................... 775 776,046
Nordea Bank Finland PLC, New York(a)
4.910%, 06/23/08 .......................... 835 835,025
4.820%, 10/17/08 .......................... 2,820 2,820,172
Rabobank Nederland NV, New York(a)
3.070%, 03/03/08 .......................... 5,000 5,000,000
Svenska Handelsbanken, New York(a)
4.140%, 03/17/08 .......................... 1,500 1,500,000
3.020%, 04/28/08 .......................... 10,000 10,000,000

PAR FAIR
(000) VALUE
------- ------------
CERTIFICATES OF DEPOSIT--(CONTINUED)
YANKEE DOLLAR CERTIFICATES OF DEPOSIT--(CONTINUED)
Toronto Dominion Bank, New York(a)
5.000%, 03/25/08 .......................... $ 5,000 $ 5,000,000
5.050%, 03/25/08 .......................... 5,000 5,000,000
4.860%, 05/30/08 .......................... 300 300,000
4.850%, 06/06/08 .......................... 2,265 2,265,000
UBS AG, Stamford(a)
5.050%, 03/20/08 .......................... 2,500 2,500,000
4.895%, 06/04/08 .......................... 755 755,000
Unicredito Italiano, New York(a)
5.385%, 03/20/08 .......................... 1,435 1,435,004
5.015%, 03/27/08 .......................... 5,000 5,000,000
------------
87,416,251
------------
TOTAL CERTIFICATES OF DEPOSIT
(COST $115,681,251)....................... 115,681,251
------------
COMMERCIAL PAPER--47.4%
ASSET BACKED SECURITIES--23.0%
Amstel Funding Corp.
5.650%, 03/11/08 .......................... 2,000 1,996,861
Atlantis One Funding Corp.
4.580%, 04/02/08 .......................... 5,000 4,979,644
CAFCO LLC
4.950%, 03/14/08 .......................... 10,000 9,982,125
3.030%, 05/01/08 .......................... 3,500 3,482,030
Ciesco LLC
3.050%, 05/02/08 .......................... 8,500 8,455,351
Falcon Asset Securitization Company LLC
3.170%, 04/24/08 .......................... 7,000 6,966,715
3.080%, 05/20/08 .......................... 3,000 2,979,467
Govco LLC
3.850%, 04/14/08 .......................... 5,000 4,976,472
Park Avenue Receivables Corp.
3.150%, 04/22/08 .......................... 10,000 9,954,500
Ranger Funding Company LLC
3.950%, 04/18/08 .......................... 5,000 4,973,667
Windmill Funding Corp.
3.210%, 04/21/08 .......................... 3,000 2,986,358
Yorktown Capital LLC
3.820%, 04/11/08 .......................... 5,000 4,978,247
3.250%, 04/21/08 .......................... 7,000 6,967,771
------------
73,679,208
------------

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
SCHEDULE OF INVESTMENTS (CONTINUED)
FEBRUARY 29, 2008
(UNAUDITED)

PAR FAIR
(000) VALUE
------- ------------
COMMERCIAL PAPER--(CONTINUED)
BANKS--17.4%
Banco Santander Puerto Rico(b)
3.850%, 04/15/08 .......................... $ 5,000 $ 4,975,938
Bank of America Corp.
2.980%, 05/07/08 .......................... 5,000 4,972,269
4.690%, 05/27/08 .......................... 1,000 988,666
3.673%, 06/12/08 .......................... 1,515 1,499,079
2.840%, 07/07/08 .......................... 1,000 989,902
3.800%, 07/11/08 .......................... 2,040 2,011,576
Danske Corp.(b)
3.130%, 03/31/08 .......................... 5,000 4,986,958
3.500%, 04/18/08 .......................... 6,512 6,481,611
Dexia Delaware LLC(b)
4.920%, 03/19/08 .......................... 6,000 5,985,240
ING US Funding LLC(b)
3.010%, 05/06/08 .......................... 3,000 2,983,445
JPMorgan Chase & Co.
2.860%, 07/07/08 .......................... 4,000 3,959,324
Raiffeisen Zentralbank Osterreich AG(b)
4.560%, 04/07/08 .......................... 5,000 4,976,567
3.200%, 04/23/08 .......................... 4,000 3,981,156
Royal Bank of Scotland PLC(b)
4.790%, 06/04/08 .......................... 2,790 2,754,734
Societe Generale North America, Inc.(b)
4.060%, 04/11/08 .......................... 3,000 2,986,128
Unicredito Italiano Banks Ireland PLC(b)
5.245%, 03/20/08 .......................... 1,200 1,196,678
------------
55,729,271
------------
FINANCE SERVICES--5.4%
Citigroup Funding, Inc.
4.730%, 05/02/08 .......................... 1,160 1,150,550
General Electric Capital Corp.
4.780%, 03/17/08 .......................... 5,000 4,989,378
3.830%, 07/10/08 .......................... 1,700 1,676,307
UBS Finance Delaware LLC
5.250%, 03/18/08 .......................... 9,500 9,476,448
------------
17,292,683
------------

PAR FAIR
(000) VALUE
------- ------------
COMMERCIAL PAPER--(CONTINUED)
LIFE INSURANCE--1.6%
Prudential Funding LLC
2.970%, 03/12/08 .......................... $ 3,000 $ 2,997,278
3.040%, 03/20/08 .......................... 2,000 1,996,791
------------
4,994,069
------------
TOTAL COMMERCIAL PAPER
(COST $151,695,231)....................... 151,695,231
------------
VARIABLE RATE OBLIGATIONS--7.7%
ASSET BACKED SECURITIES--0.4%
Cullinan Finance Corp.(c)(d)(e)
3.115%, 06/25/08 .......................... 1,115 1,114,965
------------
BANKS--5.7%
Bank of Montreal Chicago(a)(c)
3.196%, 11/10/08 .......................... 2,425 2,425,000
Bank of Nova Scotia, New York(a)(c)
3.089%, 07/03/08 .......................... 2,200 2,199,702
Deutsche Bank AG, New York(a)(c)
4.753%, 01/21/09 .......................... 2,135 2,135,000
HBOS Treasury Services PLC(b)(c)(d)
4.954%, 06/24/08 .......................... 8,000 8,000,000
Wachovia Bank NA(c)
4.753%, 02/04/09 .......................... 1,600 1,600,000
Westpac Banking Corp.(c)(d)
5.201%, 10/10/08 .......................... 2,000 2,000,000
------------
18,359,702
------------
LIFE INSURANCE--1.6%
MetLife Global Funding I(c)(d)
3.235%, 04/28/08 .......................... 5,000 5,000,000
------------
TOTAL VARIABLE RATE OBLIGATIONS
(COST $24,474,667)........................ 24,474,667
------------
AGENCY OBLIGATIONS--4.3%
Federal Home Loan Bank
2.560%, 02/13/09 .......................... 2,260 2,260,000
4.746%, 03/20/09(c) ....................... 1,605 1,606,575
3.064%, 08/13/09(c) ....................... 1,600 1,600,000
3.146%, 08/14/09(c) ....................... 2,495 2,494,637

See Accompanying Notes to Financial Statements.

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
SCHEDULE OF INVESTMENTS (CONCLUDED)
FEBRUARY 29, 2008
(UNAUDITED)

PAR FAIR
(000) VALUE
------- ------------
AGENCY OBLIGATIONS--(CONTINUED)
Federal Home Loan Bank Discount Note
2.500%, 08/06/08 .......................... $ 2,160 $ 2,136,300
Federal Home Loan Mortgage Corp.
Discount Note
2.500%, 08/18/08 .......................... 725 716,441
Federal National Mortgage Assoc.
Discount Note
2.495%, 08/20/08 .......................... 670 662,013
2.490%, 09/08/08 .......................... 1,440 1,420,977
2.490%, 09/10/08 .......................... 885 873,186
------------
TOTAL AGENCY OBLIGATIONS
(COST $13,770,129)........................ 13,770,129
------------
MASTER NOTES--1.2%
Bank of America Securities LLC(c)
3.205%, 01/22/09 .......................... 4,000 4,000,000
------------
TOTAL MASTER NOTES
(COST $4,000,000)......................... 4,000,000
------------
REPURCHASE AGREEMENTS--3.1%
Deutsche Bank Securities, Inc.
(Tri-Party Agreement dated 02/29/08 to be
repurchased at $9,908,559, collateralized by
$9,969,000 par value, Federal Home Loan
Mortgage Corp., 5.52%, due 06/30/10;
$53,000 par value, Federal National Mortgage
Association, 4.40%, due 04/07/08; Market
Value of the collateral is $10,203,608)
3.100%, 03/03/08............................ 9,906 9,906,000
------------
TOTAL REPURCHASE AGREEMENTS
(COST $9,906,000)......................... 9,906,000
------------
TOTAL INVESTMENTS AT VALUE--99.9%
(COST $319,527,278*)........................ 319,527,278
------------
OTHER ASSETS IN EXCESS OF
LIABILITIES --0.1%.......................... 226,228
------------

FAIR
VALUE
------------

NET ASSETS (APPLICABLE TO
303,339,276 BEDFORD SHARES
AND 16,412,790 SANSOM
STREET SHARES)--100.0%...................... $319,753,506
============

* Aggregate cost is the same for financial reporting and Federal tax purposes.

(a) Security is a foreign domiciled issuer which is registered with the
Securities and Exchange Commission.

(b) U.S. dollar denominated security issued by foreign domiciled entity.

(c) Variable Rate Obligations -- The interest rate shown is the rate as of
February 29, 2008 and the maturity date shown is the next interest rate
readjustment date or the maturity date.

(e) Security is illiquid.

See Accompanying Notes to Financial Statements.

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
STATEMENT OF ASSETS AND LIABILITIES
FEBRUARY 29, 2008
(UNAUDITED)

ASSETS
Investments, at fair value (cost $309,621,278) ......... $309,621,278
Repurchase agreements at cost .......................... 9,906,000
Cash ................................................... 933
Interest receivable .................................... 1,274,540
Prepaid expenses and other assets ...................... 26,623
------------
Total assets ..................................... 320,829,374
------------

LIABILITIES
Payables for:
Dividends ........................................... 812,485
Distribution fees ................................... 136,685
Advisory fees ....................................... 57,745
Custodian fees ...................................... 20,520
Directors' and officer's fees ....................... 9,625
Transfer agent fees ................................. 6,320
Administration and accounting fees .................. 4,636
Service organization fees ........................... 162
Accrued expenses and other liabilities ................. 27,690
------------
Total liabilities ................................ 1,075,868
------------
NET ASSETS ............................................. $319,753,506
============

NET ASSETS CONSISTED OF:
Paid-in capital ........................................ $319,752,065
Undistributed net investment income .................... 831
Accumulated net realized gain from investments ......... 610
------------
NET ASSETS ............................................. $319,753,506
============
NET ASSET VALUE, Offering and Redemption Price Per
Bedford Share ($303,342,345/303,339,276) ............... $ 1.00
============
NET ASSET VALUE, Offering and Redemption Price Per
Sansom Street Share ($16,411,161/16,412,790) ........... $ 1.00
============

See Accompanying Notes to Financial Statements.

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
STATEMENT OF OPERATIONS
FOR THE SIX MONTHS ENDED FEBRUARY 29, 2008
(UNAUDITED)

Investment Income
Interest ............................................. $6,731,268
----------
Expenses
Distribution fees(1) ................................. 820,493
Investment advisory and administration fees .......... 603,582
Custodian fees ....................................... 37,570
Professional fees .................................... 28,508
Directors' and officer's fees ........................ 27,039
Printing and shareholder reporting fees .............. 26,389
Registration and filing fees ......................... 26,322
Regulatory administration fees ....................... 17,894
Transfer agent fees .................................. 10,295
Insurance fees ....................................... 8,560
Service organization fees (Sansom Class) ............. 500
Other expenses ....................................... 15,636
----------
Total expenses .......................................... 1,622,788
Less fees waived ..................................... (456,613)
----------
Net total expenses ...................................... 1,166,175
----------
Net investment income ................................... 5,565,093
Realized gain on investments ............................ 8,104
----------
Net increase in net assets resulting from operations .... $5,573,197
==========

(1) See Note 2 in Notes to Financial Statements.

See Accompanying Notes to Financial Statements.

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
STATEMENT OF CHANGES IN NET ASSETS

FOR THE
SIX MONTHS ENDED FOR THE
FEBRUARY 29, 2008 YEAR ENDED
(UNAUDITED) AUGUST 31, 2007
----------------- ---------------

Increase (decrease) in net assets:
Operations:
Net investment income .............................. $ 5,565,093 $ 9,566,330
Net realized gain (loss) on investments ............ 8,104 (1,885)
------------ ------------
Net increase in net assets resulting from operations 5,573,197 9,564,445
------------ ------------
Dividends to shareholders from Net investment income:
Bedford shares ................................... (5,127,619) (8,491,001)
Sansom Street shares ............................. (437,474) (1,075,329)
------------ ------------
Total dividends to shareholders .................. (5,565,093) (9,566,330)
------------ ------------
Net capital share transactions (See Note 3) .......... 85,479,665 68,085,811
------------ ------------
Total increase in net assets ......................... 85,487,769 68,083,926
Net Assets:
Beginning of period ................................ 234,265,737 166,181,811
------------ ------------
End of period ...................................... $319,753,506 $234,265,737
============ ============
Undistributed net investment income, end of period . $ 831 $ 831
============ ============

See Accompanying Notes to Financial Statements.

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
FINANCIAL HIGHLIGHTS
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)

THE BEDFORD CLASS
- -----------------------------------------------------------------------------------------------------------------------------------
FOR THE
SIX MONTHS FOR THE FOR THE FOR THE FOR THE FOR THE
ENDED YEAR YEAR YEAR YEAR YEAR
FEBRUARY 29, ENDED ENDED ENDED ENDED ENDED
2008 AUGUST 31, AUGUST 31, AUGUST 31, AUGUST 31, AUGUST 31,
(UNAUDITED) 2007 2006 2005 2004 2003
------------ ---------- ---------- ---------- ---------- ----------

Net asset value, beginning of period ...... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
-------- -------- -------- -------- -------- --------
Income from investment operations:
Net investment income .................. 0.0204 0.0447 0.0388 0.0162 0.0025 0.0046
Net gains on securities ................ --(b) --(b) --(b) --(b) --(b) 0.0005
-------- -------- -------- -------- -------- --------
Total net income from investment
operations ......................... 0.0204 0.0447 0.0388 0.0162 0.0025 0.0051
-------- -------- -------- -------- -------- --------
Less dividends and distributions:
Dividends (from net investment
income) .............................. (0.0204) (0.0447) (0.0388) (0.0162) (0.0025) (0.0046)
Distributions (from capital gains) ..... -- -- -- -- -- (0.0005)
-------- -------- -------- -------- -------- --------
Total dividends and distributions .... (0.0204) (0.0447) (0.0388) (0.0162) (0.0025) (0.0051)
-------- -------- -------- -------- -------- --------
Net asset value, end of period ............ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
======== ======== ======== ======== ======== ========
Total Return 2.06% 4.56% 3.95% 1.63% 0.25% 0.53%

Ratios/Supplemental Data
Net assets, end of period
(000's omitted) ...................... $303,342 $218,914 $150,657 $109,495 $ 72,001 $ 80,406
Ratios of expenses to average
net assets(a) ........................ 0.90%(c) 0.90% 0.85% 0.97% 0.94% 0.98%
Ratios of net investment income
to average net assets ................ 4.07%(c) 4.47% 3.81% 1.68% 0.24% 0.46%

<FN>
(a) Without the waiver of advisory fees and reimbursement of certain operating expenses, the ratios of expenses to average net
assets for the Bedford Class of the Money Market Portfolio would have been 1.24% for the six months ended February 29, 2008 and
1.29%,1.34%, 1.23%, 1.34% and 1.30% for the years ended August 31, 2007, 2006, 2005, 2004 and 2003, respectively.

(b) Amount is less than ($0.0005) per share.

See Accompanying Notes to Financial Statements.

THE RBB FUND, INC.
MONEY MARKET PORTFOLIO
FINANCIAL HIGHLIGHTS (CONCLUDED)
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)

THE SANSOM STREET CLASS
- -----------------------------------------------------------------------------------------------------------------------------------
FOR THE
SIX MONTHS FOR THE FOR THE FOR THE FOR THE FOR THE
ENDED YEAR YEAR YEAR YEAR YEAR
FEBRUARY 29, ENDED ENDED ENDED ENDED ENDED
2008 AUGUST 31, AUGUST 31, AUGUST 31, AUGUST 31, AUGUST 31,
(UNAUDITED) 2007 2006 2005 2004 2003
------------ ---------- ---------- ---------- ---------- ----------

Net asset value, beginning of period ...... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
-------- -------- -------- -------- -------- --------
Income from investment operations:
Net investment income .................. 0.0232 0.0502 0.0434 0.0239 0.0100 0.0114
Net gains on securities ................ --(b) --(b) --(b) --(b) --(b) 0.0005
-------- -------- -------- -------- -------- --------
Total net income from investment
operations ......................... 0.0232 0.0502 0.0434 0.0239 0.0100 0.0119
-------- -------- -------- -------- -------- --------
Less dividends and distributions:
Dividends (from net investment
income) .............................. (0.0232) (0.0502) (0.0434) (0.0239) (0.0100) (0.0114)
Distributions (from capital gains) ..... -- -- -- -- -- (0.0005)
-------- -------- -------- -------- -------- --------
Total dividends and distributions .... (0.0232) (0.0502) (0.0434) (0.0239) (0.0100) (0.0119)
-------- -------- -------- -------- -------- --------
Net asset value, end of period ............ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
======== ======== ======== ======== ======== ========
Total Return ......................... 2.34% 5.14% 4.42% 2.41% 1.00% 1.21%

Ratios/Supplemental Data
Net assets, end of period
(000's omitted) ...................... $ 16,411 $ 15,352 $ 15,525 $ 87,304 $141,372 $198,373
Ratios of expenses to average
net assets(a) ........................ 0.33%(c) 0.35% 0.26% 0.20% 0.20% 0.30%
Ratios of net investment income to
average net assets ................... 4.55%(c) 5.02% 4.25% 2.39% 0.98% 1.14%

<FN>
(a) Without the waiver of advisory fees and reimbursement of certain operating expenses, the ratios of expenses to average net
assets for the Sansom Street Class of the Money Market Portfolio would have been 0.61% for the six months ended February 29,
2008 and 0.69%, 0.67%, 0.67%, 0.59% and 0.57% for the years ended August 31, 2007, 2006, 2005, 2004 and 2003, respectively.