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RBB MONEY MARKET PORTFOLIO (Second Prospectus Summary) | RBB MONEY MARKET PORTFOLIO
SUMMARY SECTION
Investment Goal
The Money Market Portfolio (the "Portfolio") of The RBB Fund, Inc. (the
"Company") seeks to generate current income, to provide you with liquidity
and to protect your investment.
Expenses and Fees
This table describes the fees and expenses that you may pay if you buy and hold
Sansom Street Shares of the Portfolio.
Annual Portfolio Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
RBB MONEY MARKET PORTFOLIO
SANSOM
Management fees [1] 0.40%
Distribution (12b-1) fees none
Other expenses 0.10%
Total Annual Portfolio Operating Expenses 0.50%
Less Fee Waivers and Expense Reimbursements (0.25%)
Total Annual Portfolio Operating Expenses After Fee Waivers and/or Expense Reimbursements 0.25%
[1] Management fees include investment advisory and administration fees. The Adviser has contractually agreed to waive and/or reimburse fees and/or expenses in order to limit the Portfolio's Total Annual Portfolio Operating Expenses After Fee Waivers and/or Expense Reimbursements (excluding Dividend Expenses, Interest Expenses, Acquired Fund Fees and Expenses, Distribution and Service (12b-1) Fees and certain other Portfolio expenses) to 0.25%. In determining the Adviser's obligation to waive advisory fees and/or reimburse expenses, the expenses excluded from the contractual limitation are not taken into account and could cause net Total Annual Portfolio Operating Expenses to exceed 0.25%. This contractual limitation is in effect through December 31, 2013 and may not be terminated without the approval of the Board of Directors of The RBB Fund, Inc. The Adviser may terminate this arrangement at any time after December 31, 2013.
Example
This Example is intended to help you compare the cost of investing in the
Portfolio with the cost of investing in other mutual funds. The Example
assumes that you invest $10,000 in the Portfolio for the time periods
indicated and then redeem all of your shares at the end of those periods.
The Example also assumes that your investment has a 5% return each year
and that the Portfolio's operating expenses remain the same. Although
your actual costs may be higher or lower, based on these assumptions your
costs would be:
Expense Example (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
RBB MONEY MARKET PORTFOLIO SANSOM
26 135 255 604
Summary of Principal Investment Strategies
The Portfolio invests in a diversified investment portfolio of short term, high
quality, U.S. dollar-denominated instruments, including government, bank,
commercial and other obligations.

Specifically, the Portfolio may invest in:

o U.S. dollar-denominated obligations issued or supported by the credit of U.S.
or foreign banks or savings institutions with total assets of more than $1
billion (including obligations of foreign branches of such banks).

o High quality commercial paper and other obligations issued or guaranteed (or
otherwise supported) by U.S. and foreign corporations and other issuers rated
(at the time of purchase) A-2 or higher by Standard and Poor's®, Prime-2 or
higher by Moody's Investor's Service, Inc. or F-2 or higher by Fitch, Inc., as
well as high quality corporate bonds rated AA (or Aa) or higher at the time of
purchase by those rating agencies. These ratings must be provided by at least
two rating agencies or by the only rating agency providing a rating.

o Unrated notes, paper and other instruments that are determined by the Adviser
to be of comparable quality to the instruments described above.

o Asset-backed securities (including interests in pools of assets such as
mortgages, installment purchase obligations and credit card receivables).

o Securities issued or guaranteed by the U.S. government or by its agencies or
authorities.

o Dollar-denominated securities issued or guaranteed by foreign governments or
their political subdivisions, agencies or authorities.

o Securities issued or guaranteed by state or local governmental bodies.

o Repurchase agreements relating to the above instruments.

The Portfolio seeks to maintain a net asset value of $1.00 per share. At least
25% of the Portfolio's total assets will be invested in banking obligations.
Principal Risks
o The value of money market investments tends to fall when current interest
rates rise. Money market investments are generally less sensitive to interest
rate changes than longer-term securities.

o The Portfolio's investment securities may not earn as high a level of income
as longer-term or lower quality securities, which generally have greater risk
and more fluctuation in value.

o The Portfolio's concentration of its investments in the banking industry could
increase risks. The profitability of banks depends largely on the availability
and cost of funds, which can change depending upon economic conditions. Banks
are also exposed to losses if borrowers get into financial trouble and cannot
repay their loans.

o The obligations of foreign banks and other foreign issuers may involve certain
risks in addition to those of domestic issuers, including higher transaction
costs, less complete financial information, political and economic instability,
less stringent regulatory requirements and less market liquidity.

o Unrated notes, paper and other instruments may be subject to the risk that an
issuer may default on its obligation to pay interest and repay principal.

o The obligations issued or guaranteed by state or local governmental bodies may
be issued by entities in the same state and may have interest which is paid from
revenues of similar projects. As a result, changes in economic, business or
political conditions relating to a particular state or types of projects may
impact the Portfolio.

o Treasury obligations differ only in their interest rates, maturities and time
of issuance. These differences could result in fluctuations in the value of such
securities depending upon the market. Obligations of U.S. government agencies
and authorities are supported by varying degrees of credit. The U.S. government
gives no assurances that it will provide financial support to its agencies and
authorities if it is not obligated by law to do so. Default in these issuers
could negatively impact the Portfolio.

o In September 2008, the U.S. Treasury Department and the Federal Housing
Finance Agency ("FHFA") announced that Fannie Mae and Freddie Mac would be
placed in conservatorship under the FHFA. On June 16, 2010, FHFA ordered
Fannie Mae's and Freddie Mac's stock de-listed from the New York Stock
Exchange after the price of common stock in Fannie Mae fell below the New
York Stock Exchange's minimum average closing price of $1 for more than 30
days. The long-term effect that this conservatorship will have on Fannie
Mae and Freddie Mac's debt and equity and on securities guaranteed by Fannie
Mae and Freddie Mac remains unclear.

o The Portfolio's investment in asset-backed securities may be negatively
impacted by interest rate fluctuations or when an issuer pays principal on an
obligation held by the Portfolio earlier or later than expected. These events
may affect their value and the return on your investment.

o The Portfolio could lose money if a seller under a repurchase agreement
defaults or declares bankruptcy.

o The Portfolio may purchase variable and floating rate instruments. Like all
debt instruments, their value is dependent on the credit paying ability of the
issuer. If the issuer were unable to make interest payments or default, the
value of the securities would decline. The absence of an active market for these
securities could make it difficult to dispose of them if the issuer defaults.

Although the Portfolio seeks to preserve the value of your investment at $1.00
per share, it is possible to lose money by investing in the Portfolio. When you
invest in the Portfolio you are not making a bank deposit. Your investment is
not insured or guaranteed by the Federal Deposit Insurance Corporation or by any
bank or governmental agency.
Performance Information
The chart and table below illustrate the variability of the Portfolio's
long-term performance for Sansom Street Shares. The information shows
you how the Portfolio's performance has varied year by year and provides
some indication of the risks of investing in the Portfolio. The chart and
the table both assume reinvestment of dividends and distributions. As with
all such investments, past performance is not an indication of future
results. Performance reflects fee waivers in effect. If fee waivers were
not in place, the Portfolio's performance would be reduced. Effective May
28, 2010, Rule 2a-7 under the Investment Company Act of 1940 (the "1940
Act") was amended to impose new liquidity, credit quality and maturity
requirements on all money market funds. Fund performance shown prior to
May 28, 2010 is based on 1940 Act rules then in effect and is not an
indication of future returns.
Total Returns for the Calendar Years Ended December 31
Bar Chart
Best and Worst Quarterly Performance (for the periods reflected in the chart
above):

Best Quarter:  1.28% (quarter ended September 30, 2007)
Worst Quarter: 0.01% (quarter ended June 30, 2011)

Year-to-date total return for the nine months ended September 30, 2012: 0.03%
Average Annual Total Returns for the Years Ended December 31, 2011
The table below shows the Portfolio's average annual total returns for the past
calendar year, the past five calendar years and the past ten calendar years.
Past performance (before and after taxes) is not necessarily an indicator of how
the Fund will perform in the future.
Average Annual Total Returns
1 Year
5 Years
10 Years
RBB MONEY MARKET PORTFOLIO SANSOM
0.05% 1.69% 2.04%
Current Yield: The seven-day yield for the period ended December 31, 2011 for
the Portfolio was 0.04%. You may call (800) 430-9618 to obtain the current
seven-day yield of the Portfolio.