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          <ccc>XXXXXXXX</ccc>
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      <notifications/>
      <notifications/>
      <notifications/>
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      <reportDate>2020-01-31</reportDate>
      <cik>0000038778</cik>
      <seriesId>S000006859</seriesId>
      <totalShareClassesInSeries>4</totalShareClassesInSeries>
      <finalFilingFlag>N</finalFilingFlag>
      <fundAcqrdOrMrgdWthAnthrFlag>N</fundAcqrdOrMrgdWthAnthrFlag>
    </generalInfo>
    <seriesLevelInfo>
      <securitiesActFileNumber>002-55029</securitiesActFileNumber>
      <adviser>
        <adviserName>Franklin Advisers, Inc.</adviserName>
        <adviserFileNumber>801-26292</adviserFileNumber>
      </adviser>
      <indpPubAccountant>
        <name>PricewaterhouseCoopers LLP</name>
        <city>San Francisco</city>
        <stateCountry>CA</stateCountry>
      </indpPubAccountant>
      <administrator>
        <administratorName>Franklin Templeton Services, LLC</administratorName>
      </administrator>
      <transferAgent>
        <name>Franklin Templeton Investor Services, LLC</name>
        <cik>0000353291</cik>
        <fileNumber>084-01036</fileNumber>
      </transferAgent>
      <feederFundFlag>Y</feederFundFlag>
      <masterFeederFund>
        <cik>0000890089</cik>
        <name>The U.S. Government Money Market Portfolio</name>
        <seriesId>S000007450</seriesId>
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      <masterFundFlag>N</masterFundFlag>
      <seriesFundInsuCmpnySepAccntFlag>N</seriesFundInsuCmpnySepAccntFlag>
      <moneyMarketFundCategory>Exempt Government</moneyMarketFundCategory>
      <fundExemptRetailFlag>N</fundExemptRetailFlag>
      <averagePortfolioMaturity>6</averagePortfolioMaturity>
      <averageLifeMaturity>6</averageLifeMaturity>
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      <cash>0.00</cash>
      <totalValuePortfolioSecurities>3036972890.97</totalValuePortfolioSecurities>
      <amortizedCostPortfolioSecurities>3036972890.97</amortizedCostPortfolioSecurities>
      <totalValueOtherAssets>6335980.83</totalValueOtherAssets>
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      <netAssetOfSeries>3039436746.69</netAssetOfSeries>
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      <stablePricePerShare>1.0000</stablePricePerShare>
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        <ns3:fridayWeek3>1.0000</ns3:fridayWeek3>
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        <weeklyGrossRedemptions>196796046.54</weeklyGrossRedemptions>
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      <personPayForFundFlag>N</personPayForFundFlag>
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        <weeklyGrossRedemptions>169845.17</weeklyGrossRedemptions>
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        <weeklyGrossRedemptions>2432194.58</weeklyGrossRedemptions>
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      <sevenDayNetYield>0.0108</sevenDayNetYield>
      <personPayForFundFlag>N</personPayForFundFlag>
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        <weeklyGrossRedemptions>1591912.52</weeklyGrossRedemptions>
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        <weeklyGrossRedemptions>10184759.07</weeklyGrossRedemptions>
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      <sevenDayNetYield>0.0037</sevenDayNetYield>
      <personPayForFundFlag>N</personPayForFundFlag>
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      <totalForTheMonthReported>
        <weeklyGrossSubscriptions>412186.29</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>758574.95</weeklyGrossRedemptions>
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      <sevenDayNetYield>0.0052</sevenDayNetYield>
      <personPayForFundFlag>N</personPayForFundFlag>
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    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>TMMP-THE U.S. GOVERNMENT MONEY MARKET PORTFOLIO</nameOfIssuer>
      <titleOfIssuer>TMMP-THE U.S. GOVERNMENT MONEY MARKET PORTFOLIO</titleOfIssuer>
      <CUSIPMember>609920103</CUSIPMember>
      <investmentCategory>Investment Company</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <investmentMaturityDateWAM>2020-02-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2020-02-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2020-02-07</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>N</securityDemandFeatureFlag>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0141</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>3036972890.97</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>3036972890.97</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>0.9992</percentageOfMoneyMarketFundNetAssets>
      <securityCategorizedAtLevel3Flag>N</securityCategorizedAtLevel3Flag>
      <dailyLiquidAssetSecurityFlag>Y</dailyLiquidAssetSecurityFlag>
      <weeklyLiquidAssetSecurityFlag>Y</weeklyLiquidAssetSecurityFlag>
      <illiquidSecurityFlag>N</illiquidSecurityFlag>
      <explanatoryNotes>Item C.21 has been answered "Yes" for only 15% of holding. Issuer of shares for which response is provided has undertaken to provide redemption proceeds within one business day of up to 15% of each shareholder's total investment in the issuer.</explanatoryNotes>
    </scheduleOfPortfolioSecuritiesInfo>
    <signature>
      <registrant>Franklin U.S. Government Money Fund</registrant>
      <signatureDate>2020-02-07</signatureDate>
      <signature>Gaston Gardey</signature>
      <nameOfSigningOfficer>Gaston Gardey</nameOfSigningOfficer>
      <titleOfSigningOfficer>Vice President</titleOfSigningOfficer>
    </signature>
  </formData>
</edgarSubmission>
