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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 PDnEyaUhpes+QQYcqQR+uA==

<SEC-DOCUMENT>0000038778-06-000034.txt : 20060830
<SEC-HEADER>0000038778-06-000034.hdr.sgml : 20060830
<ACCEPTANCE-DATETIME>20060830112324
ACCESSION NUMBER:		0000038778-06-000034
CONFORMED SUBMISSION TYPE:	N-PX
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060630
FILED AS OF DATE:		20060830
DATE AS OF CHANGE:		20060830
EFFECTIVENESS DATE:		20060830

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANKLIN FEDERAL MONEY FUND
		CENTRAL INDEX KEY:			0000316403
		IRS NUMBER:				942655342
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		N-PX
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-03052
		FILM NUMBER:		061064485

	BUSINESS ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403-1906
		BUSINESS PHONE:		650-312-2000

	MAIL ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403-1906

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FRANKLIN FEDERAL MONEY FUND INC
		DATE OF NAME CHANGE:	19810701

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FRANKLIN MONEY FUND II
		DATE OF NAME CHANGE:	19810623
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0000316403
<SERIES-ID>S000006759
<SERIES-NAME>FRANKLIN FEDERAL MONEY FUND
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000018345
<CLASS-CONTRACT-NAME>CLASS A
<CLASS-CONTRACT-TICKER-SYMBOL>FMNXX
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-PX
<SEQUENCE>1
<FILENAME>ffmf_npx-06.txt
<DESCRIPTION>FR.FEDERAL MONEY FUND N-PX PE 6/30/06
<TEXT>
                                                       ------------------------
                                                           OMB APPROVAL
                                                       ------------------------
                                                       OMB Number: 3235-0582
                                                       Expires: April 30, 2009
                                                       Estimated average burden
                                                       hours per response..14.4
                                                       ------------------------

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

                                   FORM N-PX

             ANNUAL REPORT OF PROXY VOTING OF REGISTERED MANAGEMENT
                               INVESTMENT COMPANY

Investment Company Act file number 811-03052
                                   ----------

FRANKLIN FEDERAL MONEY FUND
- -------------------------------------------------------------------------------
(Exact name of registrant as specified in charter)


ONE FRANKLIN PARKWAY, SAN MATEO, CA 94403-1906
- -------------------------------------------------------------------------------
(Address of principal executive offices) (Zip code)


CRAIG S. TYLE, ONE FRANKLIN PARKWAY, SAN MATEO, CA 94403-1906
- --------------------------------------------------------------------------------
(Name and address of agent for service)

Registrant's telephone number, including area code: (650) 312-2000
                                                    ----------------

Date of fiscal year end:   6/30
                         -------

Date of reporting period: 6/30/06
                         ---------

ITEM 1. PROXY VOTING RECORD


N/A


                                   SIGNATURES

Pursuant to the requirements of 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.

(Registrant) FRANKLIN FEDERAL MONEY FUND
            -------------------------------------------------------------------


By:(Signature and Title)*/s/JIMMY D. GAMBILL
                         ------------------------------------------------------
                         Jimmy D. Gambill,
                         Chief Executive Officer - Finance and Administration


Date  August 28, 2006
    --------------------------------------------------------------------------


*Print the name and title of each signing officer under his or her signature.


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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