<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xsi:schemaLocation="http://www.sec.gov/edgar/nmfp2 eis_NMFP2_Filer.xsd" xmlns="http://www.sec.gov/edgar/nmfp2" xmlns:common="http://www.sec.gov/edgar/common" xmlns:nmfp2common="http://www.sec.gov/edgar/nmfp2common" xmlns:statecodes="http://www.sec.gov/edgar/statecodes" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>N-MFP2</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0000765485</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <notifications></notifications>
      <notifications></notifications>
      <notifications></notifications>
      <notifications></notifications>
    </filerInfo>
  </headerData>
  <formData>
    <generalInfo>
      <reportDate>2020-04-30</reportDate>
      <cik>0000765485</cik>
      <registrantLEIId>549300M4TP89K77LG374</registrantLEIId>
      <seriesId>S000007358</seriesId>
      <totalShareClassesInSeries>1</totalShareClassesInSeries>
      <finalFilingFlag>N</finalFilingFlag>
      <fundAcqrdOrMrgdWthAnthrFlag>N</fundAcqrdOrMrgdWthAnthrFlag>
    </generalInfo>
    <seriesLevelInfo>
      <securitiesActFileNumber>002-96634</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>
      </masterFeederFund>
      <masterFundFlag>N</masterFundFlag>
      <seriesFundInsuCmpnySepAccntFlag>N</seriesFundInsuCmpnySepAccntFlag>
      <moneyMarketFundCategory>Exempt Government</moneyMarketFundCategory>
      <fundExemptRetailFlag>N</fundExemptRetailFlag>
      <averagePortfolioMaturity>6</averagePortfolioMaturity>
      <averageLifeMaturity>6</averageLifeMaturity>
      <totalValueDailyLiquidAssets>
        <nmfp2common:fridayDay1>2185230494.57</nmfp2common:fridayDay1>
        <nmfp2common:fridayDay2>2149163653.48</nmfp2common:fridayDay2>
        <nmfp2common:fridayDay3>2157448463.03</nmfp2common:fridayDay3>
        <nmfp2common:fridayDay4>2018218970.87</nmfp2common:fridayDay4>
      </totalValueDailyLiquidAssets>
      <totalValueWeeklyLiquidAssets>
        <nmfp2common:fridayWeek1>14568203297.13</nmfp2common:fridayWeek1>
        <nmfp2common:fridayWeek2>14327757689.86</nmfp2common:fridayWeek2>
        <nmfp2common:fridayWeek3>14382989753.55</nmfp2common:fridayWeek3>
        <nmfp2common:fridayWeek4>13454793139.16</nmfp2common:fridayWeek4>
      </totalValueWeeklyLiquidAssets>
      <percentageDailyLiquidAssets>
        <nmfp2common:fridayDay1>0.1500</nmfp2common:fridayDay1>
        <nmfp2common:fridayDay2>0.1500</nmfp2common:fridayDay2>
        <nmfp2common:fridayDay3>0.1500</nmfp2common:fridayDay3>
        <nmfp2common:fridayDay4>0.1500</nmfp2common:fridayDay4>
      </percentageDailyLiquidAssets>
      <percentageWeeklyLiquidAssets>
        <nmfp2common:fridayWeek1>1.0000</nmfp2common:fridayWeek1>
        <nmfp2common:fridayWeek2>1.0000</nmfp2common:fridayWeek2>
        <nmfp2common:fridayWeek3>1.0000</nmfp2common:fridayWeek3>
        <nmfp2common:fridayWeek4>1.0000</nmfp2common:fridayWeek4>
      </percentageWeeklyLiquidAssets>
      <cash>58.55</cash>
      <totalValuePortfolioSecurities>13499516607.00</totalValuePortfolioSecurities>
      <amortizedCostPortfolioSecurities>13499516607.25</amortizedCostPortfolioSecurities>
      <totalValueOtherAssets>3119236.12</totalValueOtherAssets>
      <totalValueLiabilities>3191873.16</totalValueLiabilities>
      <netAssetOfSeries>13499444028.76</netAssetOfSeries>
      <numberOfSharesOutstanding>13499446159.88</numberOfSharesOutstanding>
      <stablePricePerShare>1.0000</stablePricePerShare>
      <sevenDayGrossYield>0.0034</sevenDayGrossYield>
      <netAssetValue>
        <nmfp2common:fridayWeek1>1.0000</nmfp2common:fridayWeek1>
        <nmfp2common:fridayWeek2>1.0000</nmfp2common:fridayWeek2>
        <nmfp2common:fridayWeek3>1.0000</nmfp2common:fridayWeek3>
        <nmfp2common:fridayWeek4>1.0000</nmfp2common:fridayWeek4>
      </netAssetValue>
    </seriesLevelInfo>
    <classLevelInfo>
      <classesId>C000020209</classesId>
      <minInitialInvestment>1000.00</minInitialInvestment>
      <netAssetsOfClass>13499444028.76</netAssetsOfClass>
      <numberOfSharesOutstanding>13499446159.88</numberOfSharesOutstanding>
      <netAssetPerShare>
        <nmfp2common:fridayWeek1>1.0000</nmfp2common:fridayWeek1>
        <nmfp2common:fridayWeek2>1.0000</nmfp2common:fridayWeek2>
        <nmfp2common:fridayWeek3>1.0000</nmfp2common:fridayWeek3>
        <nmfp2common:fridayWeek4>1.0000</nmfp2common:fridayWeek4>
      </netAssetPerShare>
      <fridayWeek1>
        <weeklyGrossSubscriptions>2845561965.98</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>1648621369.31</weeklyGrossRedemptions>
      </fridayWeek1>
      <fridayWeek2>
        <weeklyGrossSubscriptions>1174898154.28</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>1415343761.55</weeklyGrossRedemptions>
      </fridayWeek2>
      <fridayWeek3>
        <weeklyGrossSubscriptions>1708601209.59</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>1653369145.89</weeklyGrossRedemptions>
      </fridayWeek3>
      <fridayWeek4>
        <weeklyGrossSubscriptions>934201033.82</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>1862397648.21</weeklyGrossRedemptions>
      </fridayWeek4>
      <totalForTheMonthReported>
        <weeklyGrossSubscriptions>7424994641.84</weeklyGrossSubscriptions>
        <weeklyGrossRedemptions>7296696253.08</weeklyGrossRedemptions>
      </totalForTheMonthReported>
      <sevenDayNetYield>0.0001</sevenDayNetYield>
      <personPayForFundFlag>Y</personPayForFundFlag>
      <nameOfPersonDescExpensePay>Franklin Templeton Services LLC, Administration Fee expense waivers, 96273.56;</nameOfPersonDescExpensePay>
    </classLevelInfo>
    <scheduleOfPortfolioSecuritiesInfo>
      <nameOfIssuer>U.S. GOVERNMENT MONEY MARKET PORTFOLIO (THE)</nameOfIssuer>
      <titleOfIssuer>U.S. GOVERNMENT MONEY MARKET PORTFOLIO (THE) 0.220</titleOfIssuer>
      <CUSIPMember>609920103</CUSIPMember>
      <LEIID>5493005SMQ69NXW3EG49</LEIID>
      <investmentCategory>Investment Company</investmentCategory>
      <securityEligibilityFlag>Y</securityEligibilityFlag>
      <NRSRO>
        <nameOfNRSRO>N/A</nameOfNRSRO>
        <rating>N/A</rating>
      </NRSRO>
      <investmentMaturityDateWAM>2020-05-07</investmentMaturityDateWAM>
      <investmentMaturityDateWAL>2020-05-07</investmentMaturityDateWAL>
      <finalLegalInvestmentMaturityDate>2020-05-07</finalLegalInvestmentMaturityDate>
      <securityDemandFeatureFlag>N</securityDemandFeatureFlag>
      <securityGuaranteeFlag>N</securityGuaranteeFlag>
      <securityEnhancementsFlag>N</securityEnhancementsFlag>
      <yieldOfTheSecurityAsOfReportingDate>0.0022</yieldOfTheSecurityAsOfReportingDate>
      <includingValueOfAnySponsorSupport>13499516607.25</includingValueOfAnySponsorSupport>
      <excludingValueOfAnySponsorSupport>13499516607.25</excludingValueOfAnySponsorSupport>
      <percentageOfMoneyMarketFundNetAssets>1.0000</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>Institutional Fiduciary Trust</registrant>
      <signatureDate>2020-05-07</signatureDate>
      <signature>/s/Gaston Gardey</signature>
      <nameOfSigningOfficer>Gaston Gardey</nameOfSigningOfficer>
      <titleOfSigningOfficer>Vice President</titleOfSigningOfficer>
    </signature>
  </formData>
</edgarSubmission>
