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 17f-2 [17 CFR 270.17f-2]


1.   Investment Company Act Rule Number:

     811-5518

2.   State identification Number:

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

     THE RBB FUND, INC.

4.   Address of principal executive office (number, street, city, state,
     Zip code):

     400 BELLEVUE PARKWAY
     WILMINGTON, DE  19809





             Management Statement Regarding Compliance with
         Certain Provisions of the Investment Company Act of 1940

September 29, 2003

PricewaterhouseCoopers LLP
Two Commerce Square, Suite 1700
2001 Market Street
Philadelphia, PA 19103

We, as members of management of the Money Market Portfolio
(hereafter referred to as the "Fund") 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 Fund's compliance with the
requirements of subsection (b) and (c) of Rule 17f-2 as of
July 31, 2003, and from March 31, 2003 through July 31, 2003.

Based on this evaluation, we assert that the Fund was in
compliance with the requirements of subsections (b) and (c) of
Rule 17f-2 of the Investment Company Act of 1940 as of
July 31, 2003, and from March 31, 2003 through July 31, 2003,
with respect to securities reflected in the investment account
of the Fund.

The RBB Fund, Inc.
By: Edward J. Roach
Edward J. Roach
President and Treasurer, The RBB Fund, Inc.






              Report of Independent Accountants

To the Board of Directors of
The RBB Fund, Inc.:

We have examined management's assertion, included in the
accompanying Management Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940, about
the Money Market Portfolio's (the "Fund") compliance with the
requirements of subsections (b) and (c) of Rule 17f-2 under the
Investment Company Act of 1940 ("the Act") as of July 31, 2003.
Management is responsible for the Fund's compliance with those
requirements.  Our responsibility is to express an opinion on
management's assertion about the Fund's compliance based on our
examination.

Our examination was conducted in accordance with attestation
standards established by the American Institute of Certified
Public Accountants and, accordingly, included examining, on a
test basis, evidence about the Fund's 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, without prior
notice to management, as of July  31, 2003, and with respect to
agreement of security purchases and sales, for the period from
March 31, 2003 (the date of our last examination), through July
31, 2003:

- Confirmation of all securities held by institutions in book
entry form, at the Federal Reserve Bank of Cleveland, The
Depository Trust Company and Bankers Trust. For a sample of
securities on the safekeeping reports of PNC Bank, National
Association, we noted that the quantities and descriptions of
such securities listed on the safekeeping reports agreed with
the confirmations or that the discrepancies were resolved;

- Reconciliation of all such securities to the books and records
of the Fund and the Custodian, PNC Bank, National Association;

- Confirmation of all repurchase agreements with brokers/banks
and agreement of underlying collateral with the custodian
records or alternative procedures; and

- As a supplement done to the satisfactory testing reported in
the PFPC Inc. Fund Accounting and Administration Report on
Controls Placed in Operation and Tests of Operating
Effectiveness issued pursuant to SAS No. 70, agreement of one
security purchase and one security sale or maturity since our
last report from the books and records of the Fund to broker
confirmations.

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

In our opinion, management's assertion that the Money Market
Portfolio was in compliance with the requirements of subsections
(b) and (c) of Rule 17f-2 of the Investment Company Act of 1940
as of July 31, 2003 with respect to securities reflected in the
investment account of the Fund is fairly stated, in all material
respects.

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

PricewaterhouseCoopers LLP
Philadelphia, PA
October 13, 2003