Notes to Financial Statements (unaudited)
1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
The Money Market Portfolios (the Trust) is registered under the Investment Company Act of 1940 as a
diversified, open-end investment company, consisting of two separate portfolios (the Portfolios). The shares of
the Trust are issued in private placements and are exempt from registration under the Securities Act of 1933. The
Portfolios seek high current income consistent with preservation of capital and liquidity.
The following summarizes the Portfolios' significant accounting policies.
a. SECURITY VALUATION:
Securities are valued at amortized cost which approximates value.
b. REPURCHASE AGREEMENTS:
The Portfolios may enter into repurchase agreements, which are accounted for as a loan by the Portfolios to the
seller, collateralized by securities which are delivered to the Portfolios' custodian. The market value, including
accrued interest, of the initial collateralization is required to be at least 102% of the dollar amount invested by the
Portfolios, with the value of the underlying securities marked to market daily to maintain coverage of at least
100%. At December 31, 2000, all outstanding repurchase agreements held by the Portfolios had been entered
into on December 29, 2000.
c. INCOME TAXES:
No provision has been made for income taxes because each Portfolio's policy is to qualify as a regulated
investment company under the Internal Revenue Code and to distribute substantially all of its taxable income.
d. SECURITY TRANSACTIONS, INVESTMENT INCOME, EXPENSES AND DISTRIBUTIONS:
Security transactions are accounted for on trade date. Realized gains and losses on security transactions are
determined on a specific identification basis. Interest income and estimated expenses are accrued daily. Bond
discount and premium are amortized on an income tax basis. Dividends from net investment income and capital
gains or losses are normally declared daily. Such distributions are reinvested in additio