UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-17F-2

CERTIFICATE OF ACCOUNTING OF SECURITIES AND SIMILAR

INVESTMENTS IN THE CUSTODY OF

MANAGEMENT INVESTMENT COMPANIES

PURSUANT TO RULE N-17F-2 [17 CFR 270.17f-2]

1. Investment Company Act File Number:					Date Examination completed:
811 -04267					June 18, 2103

2. State Identification Number:

AL		AK	AZ	AR		CA	CO
CT		DE	DC	FL		GA	HI
ID		IL	IN	IA		KS	KY
LA		ME	MD	MA		MI	MN
MS		MO	MT	NE		NV	NH
NJ		NM	NY	NC		ND	OH
OK		OR	PA	RI		SC	SD
TN		TX	UT	VT		VA	WA
WV		WI	WY	PUERTO RICO

3. Exact name of investment company as specified in registration statement:

Institutional Fiduciary Trust

	Money Market Portfolio


4. Address of principal executive office: (number, street, city, state, zip code)
One Franklin Parkway, San Mateo, CA 94403

[PWC LOGO]

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of

Franklin Templeton Limited Duration Income Trust

Templeton Global Investment Trust

Franklin Real Estate Securities Trust

Franklin Strategic Series

Franklin High Income Trust

Franklin Money Fund

Franklin Templeton Money Fund Trust

Institutional Fiduciary Trust

Franklin Global Trust

Franklin Gold and Precious Metals Fund

Franklin Universal Trust

Templeton China World Fund

Templeton Emerging Markets Fund

Templeton Emerging Markets Income Fund

Templeton Global Income Fund

Templeton Income Trust

Franklin Custodian Funds

Franklin Strategic Mortgage Portfolio

Franklin Investors Securities Trust

Franklin Templeton Global Trust

Franklin Templeton International Trust

Franklin Value Investors Trust

Templeton Developing Markets Trust

Franklin Templeton Fund Allocator Series

Franklin Templeton Variable Insurance Products Trust

Templeton Institutional Funds

and the Board of Directors of

Templeton Russia and East European Fund, Inc.

Templeton Dragon Fund, Inc.

PricewaterhouseCoopers LLP, PricewaterhouseCoopers Center, 300 Madison Avenue, New York, NY 10017 T: (646) 471 3000, F: (813) 286 6000, www.pwc.com/us

We have examined management's assertion, included in the accompanying Management Statement Regarding Compliance with Certain Provisions of the Investment Company Act of 1940, that the funds (see Attachment I), (hereafter referred to as the “Funds”) complied with the requirements of subsections (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940 (“the Act”) as of March 31, 2013. Management is responsible for the Funds' compliance with those requirements. Our responsibility is to express an opinion on management's assertion about the Funds' compliance based on our examination.

Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Funds' compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. Included among our procedures were the following tests performed as of March 31, 2013 and with respect to agreement of security purchases and sales, for the periods indicated in Attachment I:

Without prior notice to management, confirmation of all securities held by Franklin Templeton Investors Services, Inc., transfer agent, as they pertain to the security positions owned by the Funds and held in book entry form.
Reconciliation of such security positions to the books and records of the Funds.
Agreement of 100 security purchases and 100 security sales, since our last report, from the books and records of the Funds to the records of the transfer agent.

We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Funds' compliance with specified requirements.

In our opinion, management's assertion that the Funds were in compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of March 31, 2013 with respect to securities reflected in the investment accounts of the Funds is fairly stated, in all material respects.

This report is intended solely for the information and use of, management, the Board of Trustees and Board of Directors and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/PRICEWATERHOUSECOOPERS, LLP

June 18, 2013

Management Statement Regarding Compliance With Certain

Provisions of the Investment Company Act of 1940

We, as members of management of the Franklin Templeton Funds indicated in Attachment I (the “Funds”), are responsible for complying with the requirements of subsections (b) and (c) of Rule 17f-2, “Custody of Investments by Registered Management Investment Companies,” of the Investment Company Act of 1940. We are also responsible for establishing and maintaining effective internal controls over compliance with those requirements. We have performed an evaluation of the Funds’ compliance with the requirements of subsection (b) of Rule 17f-2, as interpreted in Franklin Investors Securities Trust SEC No-Action Letter (publicly available September 24, 1992), and subsection (c) of Rule 17f-2 of the Investment Company Act of 1940, as of March 31, 2013, and for the periods indicated in Attachment I.

Based on this evaluation, we assert that the Funds were in compliance with the requirements of subsection (b) of Rule 17f-2, as interpreted in Franklin Investors Securities Trust SEC No-Action Letter (publicly available September 24, 1992), and subsection (c) of Rule 17f-2 of the Investment Company Act of 1940, as of March 31, 2013, and for the periods indicated in Attachment I, with respect to securities reflected in the investment accounts of the Funds.

By:

/s/GASTON GARDEY

Gaston Gardey

Chief Financial Officer and Chief Accounting Officer

Franklin Funds Board

Date 6/18/13

/s/MARK H. OTANI

Mark H. Otani

Chief Financial Officer and Chief Accounting Officer

Templeton Funds Board

Date 6/18/13

/s/ROBERT G. KUBILIS

Robert G. Kubilis

Chief Financial Officer and Chief Accounting Officer

Franklin New Jersey Funds Board

Date 6/18/13

/s/LAURA F. FERGERSON

Laura F. Fergerson

Chief Executive Officer - Finance and Administration

Date 6/18/13

*Fund*		*Period*

*Franklin Templeton Limited Duration Income Trust*		January 1, 2013 - March 31, 2013

*Templeton Global Investment Trust:*
	Templeton BRIC Fund	January 1, 2013 - March 31, 2013
	Templeton Emerging Markets Balanced Fund	January 1, 2013 - March 31, 2013
	Templeton Emerging Markets Small Cap Fund	January 1, 2013 - March 31, 2013
	Templeton Frontier Markets Fund	January 1, 2013 - March 31, 2013
	Templeton Global Balanced Fund	January 1, 2013 - March 31, 2013

*Templeton Russia and East European Fund, Inc.*		January 1, 2013 - March 31, 2013

*Franklin Real Estate Securities Trust:*
	Franklin Real Estate Securities Fund	January 1, 2013 - March 31, 2013

*Franklin Strategic Series:*
	Franklin Biotechnology Discovery Fund	January 1, 2013 - March 31, 2013
	Franklin Flex Cap Growth Fund	January 1, 2013 - March 31, 2013
	Franklin Focused Core Equity Fund	January 1, 2013 - March 31, 2013
	Franklin Growth Opportunities Fund	January 1, 2013 - March 31, 2013
	Franklin Natural Resources Fund	January 1, 2013 - March 31, 2013
	Franklin Small Cap Growth Fund	January 1, 2013 - March 31, 2013
	Franklin Small-Mid Cap Growth Fund	January 1, 2013 - March 31, 2013
	Franklin Strategic Income Fund	January 1, 2013 - March 31, 2013

*Franklin High Income Trust:*
	Franklin High Income Fund	January 1, 2013 - March 31, 2013

*Franklin Money Fund*		January 1, 2013 - March 31, 2013

*Franklin Templeton Money Fund Trust:*
	Franklin Templeton Money Fund	January 1, 2013 - March 31, 2013

*Institutional Fiduciary Trust:*
	Money Market Portfolio	January 1, 2013 - March 31, 2013

*Franklin Global Trust:*
	Franklin International Growth Fund	January 1, 2013 - March 31, 2013
	Franklin Large Cap Equity Fund	January 1, 2013 - March 31, 2013
	Franklin Templeton Emerging Market Debt Opportunities Fund	January 1, 2013 - March 31, 2013

*Franklin Gold and Precious Metals Fund*		January 1, 2013 - March 31, 2013

*Franklin Universal Trust*		January 1, 2013 - March 31, 2013

*Templeton China World Fund*		January 1, 2013 - March 31, 2013

*Templeton Emerging Markets Fund*		January 1, 2013 - March 31, 2013

*Templeton Emerging Markets Income Fund*		January 1, 2013 - March 31, 2013

*Templeton Global Income Fund*		January 1, 2013 - March 31, 2013

*Templeton Income Trust:*
	Templeton Global Bond Fund	January 1, 2013 - March 31, 2013
	Templeton Global Total Return Fund	January 1, 2013 - March 31, 2013
	Templeton International Bond Fund	January 1, 2013 - March 31, 2013

*Franklin Custodian Funds:*
	Franklin DynaTech Fund	January 1, 2013 - March 31, 2013
	Franklin Growth Fund	January 1, 2013 - March 31, 2013
	Franklin Income Fund	January 1, 2013 - March 31, 2013
	Franklin U.S. Government Securities Fund	January 1, 2013 - March 31, 2013
	Franklin Utilities Fund	January 1, 2013 - March 31, 2013

*Franklin Strategic Mortgage Portfolio*		January 1, 2013 - March 31, 2013

*Franklin Investors Securities Trust:*
	Franklin Adjustable U.S. Government Securities Fund	January 1, 2013 - March 31, 2013
	Franklin Balanced Fund	January 1, 2013 - March 31, 2013
	Franklin Convertible Securities Fund	January 1, 2013 - March 31, 2013
	Franklin Equity Income Fund	January 1, 2013 - March 31, 2013
	Franklin Floating Rate Daily Access Fund	January 1, 2013 - March 31, 2013
	Franklin Limited Maturity U.S. Government Securities Fund	January 1, 2013 - March 31, 2013
	Franklin Low Duration Total Return Fund	January 1, 2013 - March 31, 2013
	Franklin Total Return Fund	January 1, 2013 - March 31, 2013

*Franklin Templeton Global Trust:*
	Franklin Templeton Hard Currency	January 1, 2013 - March 31, 2013

*Franklin Templeton International Trust:*
	Franklin India Growth Fund	January 1, 2013 - March 31, 2013
	Franklin Templeton Global Allocation Fund	January 1, 2013 - March 31, 2013
	Franklin World Perspectives Fund	January 1, 2013 - March 31, 2013

*Franklin Value Investors Trust:*
	Franklin All Cap Value Fund	January 1, 2013 - March 31, 2013
	Franklin Balance Sheet Investment Fund	January 1, 2013 - March 31, 2013
	Franklin Large Cap Value Fund	January 1, 2013 - March 31, 2013
	Franklin MicroCap Value Fund	January 1, 2013 - March 31, 2013
	Franklin MidCap Value Fund	January 1, 2013 - March 31, 2013
	Franklin Small Cap Value Fund	January 1, 2013 - March 31, 2013

*Templeton Developing Markets Trust*		January 1, 2013 - March 31, 2013

*Franklin Templeton Fund Allocator Series:*
	Franklin LifeSmart 2015 Retirement Target Fund (formerly known as “Franklin Templeton 2015 Retirement Target Fund”)	January 1, 2013 - March 31, 2013
	Franklin LifeSmart 2025 Retirement Target Fund (formerly known as “Franklin Templeton 2025 Retirement Target Fund”)	January 1, 2013 - March 31, 2013
	Franklin LifeSmart 2035 Retirement Target Fund (formerly known as “Franklin Templeton 2035 Retirement Target Fund”)	January 1, 2013 - March 31, 2013
	Franklin LifeSmart 2045 Retirement Target Fund (formerly known as “Franklin Templeton 2045 Retirement Target Fund”)	January 1, 2013 - March 31, 2013
	Franklin Templeton Conservative Allocation Fund	January 1, 2013 - March 31, 2013
	Franklin Templeton Corefolio Allocation Fund	January 1, 2013 - March 31, 2013
	Franklin Templeton Founding Funds Allocation Fund	January 1, 2013 - March 31, 2013
	Franklin Templeton Growth Allocation Fund	January 1, 2013 - March 31, 2013
	Franklin Templeton Moderate Allocation Fund	January 1, 2013 - March 31, 2013
	Franklin Templeton Multi-Asset Real Return Fund	January 1, 2013 - March 31, 2013

*Franklin Templeton Variable Insurance Products Trust:*
	Franklin Flex Cap Growth Securities Fund	January 1, 2013 - March 31, 2013
	Franklin Large Cap Value Securities Fund	January 1, 2013 - March 31, 2013
	Franklin Rising Dividends Securities Fund	January 1, 2013 - March 31, 2013
	Franklin Small Cap Value Securities Fund	January 1, 2013 - March 31, 2013
	Franklin Small-Mid Cap Growth Securities Fund	January 1, 2013 - March 31, 2013
	Franklin Strategic Income Securities Fund	January 1, 2013 - March 31, 2013
	Franklin Templeton VIP Founding Funds Allocation Fund	January 1, 2013 - March 31, 2013
	Templeton Developing Markets Securities Fund	January 1, 2013 - March 31, 2013
	Templeton Foreign Securities Fund	January 1, 2013 - March 31, 2013

*Templeton Dragon Fund, Inc.*		January 1, 2013 - March 31, 2013

*Templeton Institutional Funds:*
	Foreign Equity Series	January 1, 2013 - March 31, 2013
	Emerging Markets Series	January 1, 2013 - March 31, 2013