<Page>
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 811-02924
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: 6/30/2003
Date of reporting period: 6/30/04
<Page>
ITEM 1: REPORT TO SHAREHOLDERS.
<Page>
[LORD ABBETT LOGO]
2004
ANNUAL
REPORT
LORD ABBETT
U.S. GOVERNMENT
& GOVERNMENT
SPONSORED ENTERPRISES
MONEY MARKET FUND
FOR THE FISCAL YEAR ENDED JUNE 30, 2004
<Page>
LORD ABBETT U.S. GOVERNMENT & GOVERNMENT
SPONSORED ENTERPRISES MONEY MARKET FUND
ANNUAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2004
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
(the Fund) strategies and performance for the fiscal year ended June 30, 2004.
On this and the following pages, we discuss the major factors that influenced
performance.
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,
/s/ Robert S. Dow
ROBERT S. DOW
CHAIRMAN
Q. WHAT WERE THE OVERALL MARKET CONDITIONS OF THE REPORTING PERIOD?
A. U.S. Treasury yields remained at or near historically low levels for most of
the fiscal year, reflecting abundant liquidity, quiescent inflation and
disappointing employment growth. The outlook changed, however, in the final
quarter of the fiscal year, as data confirmed the U.S. economy's transition from
a jobless, low-inflation recovery to an expansion - the latter attended by
healthy job gains, diminishing excess capacity and rising prices. As the
economic data improved, the bond market began to focus on evidence of gathering
inflation. Market rates were pressured higher, even before the Federal Reserve
Board (the Fed) took action on June 30, raising its fed funds rate to 1.25% from
1%. (The fed funds rate is the rate at which banks lend to each other
overnight.) The real fed funds rate, i.e. adjusted for inflation, however,
normally averages 2% and is currently negative, reflecting the fact that
monetary policy is still very accommodative.
Q. HOW DID THE FUND PERFORM OVER THE FISCAL YEAR ENDED JUNE 30, 2004?
A. The Fund (Class A shares) ended the fiscal year 2004 with total net assets of
$289.3 million and a seven-day current yield of 0.23%. 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, 2004, the Fund returned 0.2%, 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 0.4% in the
1
<Page>
same period. Standardized Average Annual Total Returns, which include the
reinvestment of all distributions as of June 30, 2004 are 1 Year: 0.21%, 5
Years: 2.42% and 10 Years: 3.53%.
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 800-821-5129 OR REFERRING
TO OUR WEBSITE AT www.LordAbbett.com.
Q. WHAT WERE THE MOST SIGNIFICANT FACTORS AFFECTING PERFORMANCE?
A. In general, portfolio yield kept pace with short-term interest rates, which
were at historically low levels for most of the year and moved somewhat higher
only in the last quarter. Consistent with its objective to provide current
income with minimum credit risk, the Fund remained invested in high-quality,
short-term securities issued by the U.S. Treasury(2) and certain U.S. government
agency securities. As rates rose, the portfolio's average maturity was extended.
The weighted average maturity of the Fund, as of June 30, 2004, was
approximately 21.69 days and concentrated on specific areas of the money market
yield curve that we expected to provide the highest risk-adjusted yield.
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. SECTORS MAY INCLUDE MANY INDUSTRIES.
THE PROSPECTUS CONTAINS IMPORTANT INFORMATION ABOUT THE FUND, INCLUDING THE
FUND'S INVESTMENT OBJECTIVES, RISKS, CHARGES AND ONGOING EXPENSES, THAT YOU
SHOULD CAREFULLY CONSIDER BEFORE INVESTING. TO OBTAIN A PROSPECTUS ON THIS FUND
OR ANY LORD ABBETT MUTUAL FUND, PLEASE CONTACT YOUR INVESTMENT PROFESSIONAL OR
LORD ABBETT DISTRIBUTOR LLC AT 800-874-3733 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. Indices are unmanaged, do not reflect the
deduction of fees or expenses and are not available for direct investment.
Source: Lipper, Inc. (C)2004 REUTERS. All rights reserved. Any copying,
republication or redistribution of Lipper content is expressly prohibited
without the prior written consent of Lipper.
2
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(2) Unlike U.S. Treasury securities, an investment in the Fund is neither
insured nor guaranteed by the U.S. Government.
IMPORTANT PERFORMANCE AND OTHER INFORMATION
The views of the Fund's management and the portfolio holdings described in this
report are as of June 30, 2004; 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.
PERFORMANCE: BECAUSE OF ONGOING MARKET VOLATILITY, FUND PERFORMANCE MAY BE
SUBJECT TO SUBSTANTIAL FLUCTUATION. 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.
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.
3
<Page>
SCHEDULE OF INVESTMENTS
JUNE 30, 2004
<Table>
<Caption>
PRINCIPAL
INTEREST MATURITY AMOUNT AMORTIZED
INVESTMENTS RATE DATE RATING+ (000) COST
- ------------------------------------------------------------------------------------------------------------------------
GOVERNMENT SPONSORED ENTERPRISES SECURITIES 87.83%
FEDERAL HOME LOAN BANK 0.98% 7/2/2004 A1+ $ 10,000 $ 9,999,728
FEDERAL HOME LOAN BANK 1.04% 7/21/2004 A1+ 15,000 14,991,333
FEDERAL HOME LOAN BANK 1.06% 7/23/2004 A1+ 20,000 19,987,045
FEDERAL HOME LOAN BANK 1.16% 8/4/2004 A1+ 15,000 14,983,567
FEDERAL HOME LOAN MORTGAGE CORP 1.02% 7/6/2004 A1+ 10,000 9,998,583
FEDERAL HOME LOAN MORTGAGE CORP 1.03% 7/6/2004 A1+ 10,000 9,998,569
FEDERAL HOME LOAN MORTGAGE CORP 1.055% 8/3/2004 A1+ 20,000 19,980,658
FEDERAL HOME LOAN MORTGAGE CORP 1.13% 7/13/2004 A1+ 20,000 19,992,467
FEDERAL HOME LOAN MORTGAGE CORP 1.135% 8/10/2004 A1+ 10,000 9,987,389
FEDERAL HOME LOAN MORTGAGE CORP 1.25% 7/27/2004 A1+ 10,000 9,990,972
FEDERAL HOME LOAN MORTGAGE CORP 1.27% 8/24/2004 A1+ 20,000 19,961,900
FEDERAL HOME LOAN MORTGAGE CORP 1.28% 8/17/2004 A1+ 10,000 9,983,289
FEDERAL NATIONAL MORTGAGE ASSOC 1.00% 7/1/2004 A1+ 15,000 15,000,000
FEDERAL NATIONAL MORTGAGE ASSOC 1.00% 7/7/2004 A1+ 10,000 9,998,333
FEDERAL NATIONAL MORTGAGE ASSOC 1.04% 7/28/2004 A1+ 20,000 19,984,400
FEDERAL NATIONAL MORTGAGE ASSOC 1.05% 7/9/2004 A1+ 20,000 19,995,333
FEDERAL NATIONAL MORTGAGE ASSOC 1.11% 7/12/2004 A1+ 20,000 19,993,217
FEDERAL NATIONAL MORTGAGE ASSOC 1.11% 8/4/2004 A1+ 10,000 9,989,517
FEDERAL NATIONAL MORTGAGE ASSOC 1.12% 7/7/2004 A1+ 10,000 9,998,133
FEDERAL NATIONAL MORTGAGE ASSOC 1.16% 7/21/2004 A1+ 20,000 19,987,111
FEDERAL NATIONAL MORTGAGE ASSOC 1.175% 8/18/2004 A1+ 10,000 9,984,333
FEDERAL NATIONAL MORTGAGE ASSOC 1.27% 8/25/2004 A1+ 15,000 14,970,896
-------------
TOTAL 319,756,773
-------------
SHORT-TERM INVESTMENT 12.33%
REPURCHASE AGREEMENT 12.33%
REPURCHASE AGREEMENT DATED
6/30/2004, 1.35% DUE 7/1/2004
WITH STATE STREET BANK & TRUST CO.
COLLATERALIZED BY $45,545,000 OF
FEDERAL NATIONAL MORTGAGE ASSOC.
AT 1.875% DUE 2/15/2005; VALUE:
$45,801,191; PROCEEDS: $44,904,426 $ 44,903 44,902,743
-------------
TOTAL INVESTMENTS 100.16% $ 364,659,516*
=============
</Table>
* Cost for federal income tax purposes is $364,659,516. Average maturity of
investments: 21.7 days.
+ Ratings are unaudited.
SEE NOTES TO FINANCIAL STATEMENTS.
4
<Page>
STATEMENT OF ASSETS AND LIABILITIES
June 30, 2004
<Table>
ASSETS:
Investment in securities, at amortized cost $ 319,756,773
Repurchase agreement, at cost 44,902,743
Receivables:
Interest 1,684
Capital shares sold 970,728
From advisor 254,087
- ---------------------------------------------------------------------------------------
TOTAL ASSETS 365,886,015
- ---------------------------------------------------------------------------------------
LIABILITIES:
Payables:
Capital shares reacquired 1,191,960
Management fee 154,106
12b-1 distribution plan fees-Class B 30,617
Fund administration 8,504
Directors' fees 137,185
Dividends payable 58,853
Accrued expenses and other liabilities 234,519
- ---------------------------------------------------------------------------------------
TOTAL LIABILITIES 1,815,744
=======================================================================================
NET ASSETS $ 364,070,271
=======================================================================================
COMPOSITION OF NET ASSETS:
Paid-in capital $ 364,070,012
Undistributed net investment income 259
- ---------------------------------------------------------------------------------------
NET ASSETS $ 364,070,271
=======================================================================================
NET ASSETS BY CLASS:
Class A Shares $ 289,336,453
Class B Shares $ 47,788,774
Class C Shares $ 26,945,044
OUTSTANDING SHARES BY CLASS:
Class A Shares (800 million shares of common stock authorized,
$.001 par value) 289,336,233
Class B Shares (400 million shares of common stock authorized,
$.001 par value) 47,788,754
Class C Shares (300 million shares of common stock authorized,
$.001 par value) 26,945,032
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
=======================================================================================
</Table>
SEE NOTES TO FINANCIAL STATEMENTS.
5
<Page>
STATEMENT OF OPERATIONS
For the Year Ended June 30, 2004
<Table>
INVESTMENT INCOME:
Interest $ 3,486,328
EXPENSES:
Management fee 1,637,635
12b-1 distribution plan-Class B 294,791
Shareholder servicing 1,217,629
Professional 52,418
Reports to shareholders 52,905
Fund administration 134,314
Custody 15,505
Directors' fees 5,632
Registration 93,755
Other 14,854
- ---------------------------------------------------------------------------------------
Gross expenses 3,519,438
Expense reduction (982)
Expenses assumed by advisor (743,240)
- ---------------------------------------------------------------------------------------
NET EXPENSES 2,775,216
=======================================================================================
NET INVESTMENT INCOME $ 711,112
=======================================================================================
</Table>
SEE NOTES TO FINANCIAL STATEMENTS.
6
<Page>
STATEMENTS OF CHANGES IN NET ASSETS
<Table>
<Caption>
FOR THE YEAR ENDED FOR THE YEAR ENDED
INCREASE IN NET ASSETS JUNE 30, 2004 JUNE 30, 2003
OPERATIONS:
Net investment income $ 711,112 $ 1,632,779
DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income
Class A (594,550) (1,416,808)
Class B (79,779) (120,997)
Class C (36,783) (94,974)
- -----------------------------------------------------------------------------------------
TOTAL DISTRIBUTIONS TO SHAREHOLDERS (711,112) (1,632,779)
=========================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sales of shares 812,471,629 778,169,232
Reinvestment of distributions 669,236 1,594,109
Cost of shares reacquired (769,927,698) (722,844,562)
- -----------------------------------------------------------------------------------------
NET INCREASE IN NET ASSETS
RESULTING FROM CAPITAL SHARE TRANSACTIONS 43,213,167 56,918,779
=========================================================================================
NET INCREASE IN NET ASSETS 43,213,167 56,918,779
=========================================================================================
NET ASSETS:
Beginning of year 320,857,104 263,938,325
- -----------------------------------------------------------------------------------------
END OF YEAR $ 364,070,271 $ 320,857,104
=========================================================================================
UNDISTRIBUTED NET INVESTMENT INCOME $ 259 $ 259
=========================================================================================
</Table>
SEE NOTES TO FINANCIAL STATEMENTS.
7
<Page>
FINANCIAL HIGHLIGHTS
<Table>
<Caption>
YEAR ENDED 6/30
------------------------------------------------------------------------
2004 2003 2002 2001 2000
PER SHARE OPERATING PERFORMANCE (CLASS A SHARES)
NET ASSET VALUE, BEGINNING OF YEAR $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
Investment operations
Net investment income(a) -(c) .01 .01 .05 .05
Net realized gain - - - -(c) -
---------- ---------- ---------- ---------- ----------
Total from investment operations -(c) .01 .01 .05 .05
---------- ---------- ---------- ---------- ----------
Distributions to shareholders from
net investment income -(c) (.01) (.01) (.05) (.05)
---------- ---------- ---------- ---------- ----------
Net asset value, end of year $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
---------- ---------- ---------- ---------- ----------
Total Return(b) .21% .55% 1.48% 5.02% 4.93%
RATIOS TO AVERAGE NET ASSETS
Expenses, including waiver and
expense reductions .83% .88% .86% .87% .84%
Expenses, excluding waiver and
expense reductions .97% .98% .87% .90% .84%
Net investment income .21% .56%+ 1.46%+ 4.89%+ 4.79%
<Caption>
YEAR ENDED 6/30
------------------------------------------------------------------------
SUPPLEMENTAL DATA: 2004 2003 2002 2001 2000
- -----------------------------------------------------------------------------------------------------------------------------
Net assets, end of year (000) $ 289,336 $ 266,528 $ 227,169 $ 201,174 $ 190,817
</Table>
SEE NOTES TO FINANCIAL STATEMENTS.
8
<Page>
FINANCIAL HIGHLIGHTS (CONTINUED)
<Table>
<Caption>
YEAR ENDED 6/30
------------------------------------------------------------------------
2004 2003 2002 2001 2000
PER SHARE OPERATING PERFORMANCE (CLASS B SHARES)
NET ASSET VALUE, BEGINNING OF YEAR $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
Investment operations
Net investment income(a) -(c) -(c) .01 .04 .04
Net realized gain - - - -(c) -
---------- ---------- ---------- ---------- ----------
Total from investment operations -(c) -(c) .01 .04 .04
---------- ---------- ---------- ---------- ----------
Distributions to shareholders from
net investment income -(c) -(c) (.01) (.04) (.04)
---------- ---------- ---------- ---------- ----------
Net asset value, end of year $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
---------- ---------- ---------- ---------- ----------
Total Return(b) .20% .29% .80% 4.24% 4.13%
RATIOS TO AVERAGE NET ASSETS
Expenses, including waiver and
expense reductions .83% 1.15% 1.53% 1.62% 1.59%
Expenses, excluding waiver and
expense reductions 1.72% 1.73% 1.62% 1.65% 1.59%
Net investment income .21% .29%+ .71%+ 4.14%+ 4.01%
<Caption>
YEAR ENDED 6/30
SUPPLEMENTAL DATA: 2004 2003 2002 2001 2000
- -----------------------------------------------------------------------------------------------------------------------------
Net assets, end of year (000) $ 47,789 $ 39,609 $ 26,000 $ 14,059 $ 8,987
</Table>
SEE NOTES TO FINANCIAL STATEMENTS.
9
<Page>
FINANCIAL HIGHLIGHTS (CONCLUDED)
<Table>
<Caption>
YEAR ENDED 6/30
------------------------------------------------------------------------
2004 2003 2002 2001 2000
PER SHARE OPERATING PERFORMANCE (CLASS C SHARES)
NET ASSET VALUE, BEGINNING OF YEAR $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
Investment operations
Net investment income(a) -(c) .01 .01 .05 .05
Net realized gain - - - -(c) -
---------- ---------- ---------- ---------- ----------
Total from investment operations -(c) .01 .01 .05 .05
---------- ---------- ---------- ---------- ----------
Distributions to shareholders from
net investment income -(c) (.01) (.01) (.05) (.05)
---------- ---------- ---------- ---------- ----------
Net asset value, end of year $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
---------- ---------- ---------- ---------- ----------
Total Return(b) .21% .55% 1.48% 5.02% 4.93%
RATIOS TO AVERAGE NET ASSETS
Expenses, including waiver and
expense reductions .83% .88% .86% .87% .84%
Expenses, excluding waiver and
expense reductions .97% .98% .87% .90% .84%
Net investment income .21% .56%+ 1.46%+ 4.89%+ 4.78%
<Caption>
YEAR ENDED 6/30
SUPPLEMENTAL DATA: 2004 2003 2002 2001 2000
- -----------------------------------------------------------------------------------------------------------------------------
Net assets, end of year (000) $ 26,945 $ 14,720 $ 10,769 $ 6,693 $ 1,929
</Table>
+ The ratios have been determined on a Fund basis.
(a) Calculated using average shares outstanding during the year.
(b) Total return assumes the reinvestment of all distributions.
(c) Amount is less than $.01.
SEE NOTES TO FINANCIAL STATEMENTS.
10
<Page>
NOTES TO FINANCIAL STATEMENTS
1. ORGANIZATION
Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market
Fund, Inc. (the "Fund"), formerly known as Lord Abbett U.S. Government
Securities Money Market Fund, Inc., 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 three classes of shares: Classes A, B, and C. There are no front
end sales charges on shares of each class, although a contingent deferred sales
charge ("CDSC") may be applied to each class of shares as follows: Class A
shares acquired through an exchange; Class B shares redeemed before the sixth
anniversary of purchase; Class C shares redeemed before the first anniversary of
purchase.
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 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.
(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
11
<Page>
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
repurchase agreement be collateralized by cash, U.S. Government securities
or U.S. Government sponsored enterprises securities having a value equal
to, or in excess of, the value of the repurchase agreement. If the seller
of the agreement defaults on its obligation to repurchase the underlying
securities at a time when the value of those securities has declined, 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:
<Table>
- ----------------------------------
First $250 million .50%
Next $250 million .45%
Over $500 million .40%
</Table>
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.
For the year ended June 30, 2004, Lord Abbett voluntarily reimbursed the Fund's
expenses in the amount of $743,240. Lord Abbett may stop reimbursing expenses at
any time.
12B-1 DISTRIBUTION PLANS
The Fund has adopted a distribution plan with respect to one or more classes of
shares pursuant to Rule 12b-1 of 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:
<Table>
<Caption>
FEE CLASS A(1) CLASS B CLASS C(1)
- --------------------------------------------------------------------------------
Service and distribution fee .15% .75% .25%
</Table>
(1) The Fund has not activated its Class A and Class C Plans, and therefore, no
payments are currently authorized under the Plans.
One Director 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.
12
<Page>
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
5. DIRECTORS' REMUNERATION
The Fund's officers and the one Director 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 federal income tax purposes until such
amounts are paid.
6. EXPENSE REDUCTIONS
The Fund has entered an arrangement with its transfer agent 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 and Trust Company ("SSB") is the Fund's custodian and
accounting agent. SSB performs custodian, accounting and recordkeeping functions
relating to portfolio transactions and calculating the Fund's net asset value.
8. INVESTMENT RISKS
The Fund's yield may vary in response to changes in interest rates and other
market factors.
The Fund may invest 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 Corp. 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 Fund
performance.
13
<Page>
NOTES TO FINANCIAL STATEMENTS (CONCLUDED)
9. SUMMARY OF CAPITAL TRANSACTIONS
Transactions in shares of capital stock are as follows:
<Table>
<Caption>
YEAR ENDED YEAR ENDED
JUNE 30, 2004 JUNE 30, 2003
- ---------------------------------------------------------------------------------------------------------------
CLASS A SHARES SHARES AMOUNT SHARES AMOUNT
- ---------------------------------------------------------------------------------------------------------------
Shares Sold 694,069,357 $ 694,069,355 676,711,702 $ 676,711,702
Reinvestment of distributions 567,082 567,082 1,403,363 1,403,363
Shares reacquired (671,828,239) (671,828,242) (638,756,373) (638,756,373)
- ---------------------------------------------------------------------------------------------------------------
Increase 22,808,200 $ 22,808,195 39,358,692 $ 39,358,692
- ---------------------------------------------------------------------------------------------------------------
CLASS B SHARES
- ---------------------------------------------------------------------------------------------------------------
Shares Sold 62,895,327 $ 62,895,327 56,996,775 $ 56,996,775
Reinvestment of distributions 71,545 71,545 103,760 103,760
Shares reacquired (54,786,816) (54,786,817) (43,491,543) (43,491,543)
- ---------------------------------------------------------------------------------------------------------------
Increase 8,l80,056 $ 8,180,055 13,608,992 $ 13,608,992
- ---------------------------------------------------------------------------------------------------------------
CLASS C SHARES
- ---------------------------------------------------------------------------------------------------------------
Shares Sold 55,506,947 $ 55,506,947 44,460,755 $ 44,460,755
Reinvestment of distributions 30,609 30,609 86,986 86,986
Shares reacquired (43,312,638) (43,312,639) (40,596,646) (40,596,646)
- ---------------------------------------------------------------------------------------------------------------
Increase 12,224,918 $ 12,224,917 3,951,095 $ 3,951,095
- ---------------------------------------------------------------------------------------------------------------
</Table>
14
<Page>
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"), formerly known as
Lord Abbett U.S. Government Securities Money Market Fund, Inc., as of June 30,
2004, 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 five years in the period
then ended. 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. An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. Our procedures included confirmation of
securities owned as of June 30, 2004 by correspondence with the custodian. An
audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. 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, 2004, 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 five years in the period
then ended, in conformity with accounting principles generally accepted in the
United States of America.
/s/ Deloitte & Touche LLP
New York, New York
August 25, 2004
15
<Page>
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 and 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 DIRECTOR
The following Director is the Managing Partner of Lord Abbett and is an
"interested person" as defined in the Act. Mr. Dow is also an officer, director,
or trustee of each of the fourteen Lord Abbett-sponsored funds, which consist of
49 portfolios or series.
<Table>
<Caption>
CURRENT POSITION
NAME, ADDRESS AND LENGTH OF SERVICE PRINCIPAL OCCUPATION OTHER
DATE OF BIRTH WITH FUND DURING PAST FIVE YEARS DIRECTORSHIPS
- ------------------------------------------------------------------------------------------------------------------
ROBERT S. DOW Director since 1989; Managing Partner and Chief N/A
Lord, Abbett & Co. LLC Chairman since 1996 Investment Officer of Lord Abbett
90 Hudson Street since 1996.
Jersey City, NJ
Date of Birth: 3/8/1945
</Table>
----------
INDEPENDENT DIRECTORS
The following independent or outside Directors are also directors or trustees of
each of the fourteen Lord Abbett-sponsored funds, which consist of 49 portfolios
or series.
<Table>
<Caption>
CURRENT POSITION
NAME, ADDRESS AND LENGTH OF SERVICE PRINCIPAL OCCUPATION OTHER
DATE OF BIRTH WITH FUND DURING PAST FIVE YEARS DIRECTORSHIPS
- ------------------------------------------------------------------------------------------------------------------
E. THAYER BIGELOW Director since 1994 Managing General Partner, Bigelow Currently serves as
Bigelow Media, LLC Media, LLC (since 2000); Senior director of Adelphia
41 Madison Ave. Adviser, Time Warner Inc. (1998 - Communications,
Suite 3810 2000); Acting Chief Executive Inc., Crane Co., and
New York, NY Officer of Courtroom Television Huttig Building
Date of Birth: 10/22/1941 Network (1997 - 1998); President Products Inc.
and Chief Executive Officer of Time
Warner Cable Programming, Inc.
(1991 - 1997).
WILLIAM H.T. BUSH Director since 1998 Co-founder and Chairman of the Currently serves as
Bush-O'Donnell & Co., Inc. Board of the financial advisory director of
101 South Hanley Road firm of Bush-O'Donnell & Company Wellpoint Health
Suite 1250 (since 1986). Network, Inc., DT
St. Louis, MO Industries Inc., and
Date of Birth: 7/14/1938 Engineered Support
Systems, Inc.
</Table>
16
<Page>
BASIC INFORMATION ABOUT MANAGEMENT (CONTINUED)
<Table>
<Caption>
CURRENT POSITION
NAME, ADDRESS AND LENGTH OF SERVICE PRINCIPAL OCCUPATION OTHER
DATE OF BIRTH WITH FUND DURING PAST FIVE YEARS DIRECTORSHIPS
- ------------------------------------------------------------------------------------------------------------------
ROBERT B. CALHOUN, JR. Director since 1998 Managing Director of Monitor Currently serves as
Monitor Clipper Partners Clipper Partners (since 1997) and director of
650 Madison Ave., 9th Fl. President of Clipper Asset Avondale, Inc., and
New York, NY Management Corp. (since 1991), both Interstate Bakeries
Date of Birth: 10/25/1942 private equity investment funds. Corp.
JULIE A. HILL Director since 2004 Owner and CEO of the Hillsdale Currently serves as
20 Via Diamante Companies, a business consulting director of
Newport Coast, CA firm (1997 - present); Founder, Wellpoint Health
Date of Birth: 7/16/1946 President and Owner of the Networks Inc.;
Hiram-Hill and Hillsdale Resources Connection
Development Companies from 1998 to Inc.; Holcim (US)
2001. Inc. (parent company
Holcim Ltd).
FRANKLIN W. HOBBS Director since 2000 Senior Advisor (since April 2003) Currently serves as
Houlihan Lokey and Former Chief Executive Officer director of Adolph
Howard & Zukin of Houlihan Lokey Howard & Zukin, Coors Company.
685 Third Ave. an investment bank (January 2002 -
New York, NY April 2003); Chairman of Warburg
Date of Birth: 7/30/1947 Dillon Read (1999 - 2001); Global
Head of Corporate Finance of SBC
Warburg Dillon Read (1997 - 1999);
Chief Executive Officer of Dillon,
Read & Co. (1994 - 1997).
C. ALAN MACDONALD Director since 1988; Retired - General Business and Currently serves as
415 Round Hill Road and Lead Independent Governance Consulting (since 1992); director of Lincoln
Greenwich, CT Director formerly President and CEO of Snacks, and H.J.
Date of Birth: 5/19/1933 Nestle Foods. Baker.
THOMAS J. NEFF Director since 1982 Chairman of Spencer Stuart, an Currently serves as
Spencer Stuart executive search consulting firm director of Ace,
277 Park Avenue (since 1996); President of Spencer Ltd. and Exult, Inc.
New York, NY Stuart, (1979 - 1996).
Date of Birth: 10/2/1937
</Table>
----------
17
<Page>
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.
<Table>
<Caption>
NAME AND CURRENT POSITION LENGTH OF SERVICE PRINCIPAL OCCUPATION
(DATE OF BIRTH) WITH FUND OF CURRENT POSITION DURING PAST FIVE YEARS
- ----------------------------------------------------------------------------------------------------------------
ROBERT S. DOW Chief Executive Elected in 1995 Managing Partner and Chief
(3/8/1945) Officer and President Investment Officer of Lord
Abbett since 1996.
ROBERT I. GERBER Executive Vice Elected in 1997 Partner and Director of
(5/29/1954) President Taxable Fixed Income
Management, joined Lord Abbett
in 1997.
TRACIE E. AHERN Vice President Elected in 1999 Partner and Director of
(1/12/1968) Portfolio Accounting and
Operations, joined Lord Abbett
in 1999, prior thereto Vice
President - Head of Fund
Administration of Morgan
Grenfell.
JOAN A. BINSTOCK Chief Financial Officer Elected in 1999 Partner and Chief Operations
(3/4/1954) and Vice President Officer, joined Lord Abbett in
1999, prior thereto Chief
Operating Officer of Morgan
Grenfell.
DANIEL E. CARPER Vice President Elected in 1986 Partner, joined Lord Abbett in
(1/22/1952) 1979.
PAUL A. HILSTAD Vice President and Elected in 1995 Partner and General Counsel,
(12/13/1942) Secretary joined Lord Abbett in 1995.
LAWRENCE H. KAPLAN Vice President and Elected in 1997 Partner and Deputy General
(1/16/1957) Assistant Secretary Counsel, joined Lord Abbett in
1997.
ROBERT A. LEE Vice President Elected in 2000 Partner and Fixed Income
(8/28/1969) Investment Manager - Mortgage
and Asset Backed Securities,
joined Lord Abbett in 1997.
ROBERT G. MORRIS Executive Vice Elected in 1995 Partner and Director of Equity
(11/6/1944) President Investments, joined Lord
Abbett in 1991.
</Table>
18
<Page>
BASIC INFORMATION ABOUT MANAGEMENT (CONCLUDED)
<Table>
<Caption>
NAME AND CURRENT POSITION LENGTH OF SERVICE PRINCIPAL OCCUPATION
(DATE OF BIRTH) WITH FUND OF CURRENT POSITION DURING PAST FIVE YEARS
- ----------------------------------------------------------------------------------------------------------------
A. EDWARD OBERHAUS, III Vice President Elected in 1996 Partner and Manager of Equity
(12/21/1959) Trading, joined Lord Abbett in
1983.
CHRISTINA T. SIMMONS Vice President and Elected in 2000 Assistant General Counsel,
(11/12/1957) Assistant Secretary joined Lord Abbett in 1999,
formerly Assistant General
Counsel of Prudential
Investments from 1998 to 1999,
prior thereto Counsel of
Drinker, Biddle & Reath LLP, a
law firm.
BERNARD J. GRZELAK Treasurer Elected in 2003 Director of Fund
(6/12/1971) Administration, joined Lord
Abbett in 2003, formerly Vice
President, Lazard Asset
Management from 2000 to 2003,
prior thereto Manager of
Deloitte & Touche LLP.
</Table>
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.
19
<Page>
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 semi-annual 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 AND PROCEDURES
A description of the policies and procedures that Lord Abbett uses to vote
proxies related to the Fund's portfolio securities is available without charge,
upon request, (i) by calling 888-522-2388; (ii) or on Lord Abbett's web site at
www.LordAbbett.com, and (iii) on the Securities and Exchange Commision's ("SEC")
website at www.sec.gov.
SHAREHOLDER REPORTS AND QUARTERLY PORTFOLIO DISCLOSURE
The Fund will be required to file its complete schedule of portfolio holdings
with the SEC for its first and third fiscal quarters on Form N-Q for fiscal
quarters ending on or after July 9, 2004. Once filed, the Fund's Form N-Q will
be 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; or on Lord Abbett's
website at www.LordAbbett.com. 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
1-800-SEC-0330); (ii) sending your request and a duplicating fee to the SEC's
Public Reference Room, Washington, DC 20549-0102; or (iii) sending your request
electronically to publicinfo@sec.gov.
20
<Page>
[LORD ABBETT(R) LOGO]
<Table>
This report when not used for the general
information of shareholders of the Fund is to
be distributed only if preceded or accompanied LORD ABBETT U.S. GOVERNMENT & GOVERNMENT SPONSORED
by a current Fund Prospectus. ENTERPRISES MONEY MARKET FUND, INC.
Lord Abbett Mutual Fund shares are distributed by:
LORD ABBETT DISTRIBUTOR LLC LAMM-2-604
90 Hudson Street - Jersey City, New Jersey 07302-3973 8/04)
</Table>
<Page>
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, 2004 (the "Period").
(b) Not applicable.
(c) The Registrant has not amended the Code of Ethics as described in Form
N-CSR during the Period.
(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 11(a) 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 and Franklin W. Hobbs. 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, 2004 and 2003 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:
<Table>
<Caption>
FISCAL YEAR ENDED:
2004 2003
Audit Fees {a} $ 35,000 $ 33,000
Audit-Related Fees {b} 63 104
-----------------------
</Table>
<Page>
<Table>
Total audit and audit-related fees 35,063 33,104
-----------------------
Tax Fees {c} 5,114 4,087
All Other Fees {d} 132 -0-
-----------------------
Total Fees $ 40,309 $ 37,191
-----------------------
</Table>
- ----------
{a} Consists of fees for audits of the Registrant's annual financial
statements.
{b} Consists 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} Consists of fees for the fiscal years ended June 30, 2004 and 2003
for preparing the U.S. Income Tax Return 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.
{d} Consists of the Registrant's proportionate share of fees for testing of
Anti-Money Laundering Compliance.
(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.
<Page>
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
will 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 Deloitte for services rendered to the
Registrant's investment adviser, Lord, Abbett & Co. LLC ("Lord Abbett"), for the
fiscal years ended June 30, 2004 and 2003 were:
<Table>
<Caption>
FISCAL YEAR ENDED:
2004 2003
All Other Fees {a} $ 81,900 $ 77,000
</Table>
- ----------
{a} Fees for the fiscal year ended June 30, 2004 consist of fees of $81,900
for Independent Services Auditors' Report on Controls Placed in Operation
and Tests of Operating Effectiveness related to Lord Abbett's operations
and general computer controls over securities processing for institutional
and mutual fund accounts ("SAS 70 Report").
Fees for the fiscal year ended June 30, 2003 consist of fees of $2,000 for
testing of Business Continuity Planning and $75,000 for the 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 ended June 30,
2004 and 2003 were:
<Table>
<Caption>
FISCAL YEAR ENDED:
2004 2003
All Other Fees {b} $ 11,378 -0-
</Table>
- ----------
<Page>
{b} Fees for the fiscal year ended June 30, 2004 represent fees for testing
of Anti-Money Laundering Compliance.
(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: PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT
COMPANY AND AFFILIATED PURCHASERS.
Not applicable.
ITEM 9: SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
Not Applicable.
ITEM 10: 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 August 25, 2004, 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
controls over financial reporting (as defined in Rule 30a-3(d) under
the Investment Company Act of 1940) that occurred during the
Registrant's last fiscal half-year that have materially affected, or
are reasonably likely to materially affect, the Registrant's internal
control over financial reporting.
ITEM 11: EXHIBITS.
(a)(1) Amendments to Code of Ethics - Not applicable.
<Page>
(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) 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.
<Page>
SIGNATURES
Pursuant to the requirements of the Securities and 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,
Chairman and President
/s/Joan A. Binstock
-------------------
Joan A. Binstock
Chief Financial Officer and Vice President
Date: August 25, 2004
<Page>
Pursuant to the requirements of the Securities and 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,
Chairman and President
/s/Joan A. Binstock
-------------------
Joan A. Binstock
Chief Financial Officer and Vice President
Date: August 25, 2004