AMENDMENT TO ADMINISTRATION AGREEMENT This Amendment effective as of November 1, 1998, is to the Administration Agreement dated November 1, 1992, by and between INSTITUTIONAL FIDUCIARY TRUST, a Massachusetts business trust (the "Trust"), on behalf of...

                      AMENDMENT TO ADMINISTRATION AGREEMENT


      This   Amendment   effective   as  of  November   1,  1998,   is  to  the
Administration  Agreement dated November 1, 1992, by and between  INSTITUTIONAL
FIDUCIARY  TRUST, a  Massachusetts  business trust (the "Trust"),  on behalf of
FRANKLIN U.S.  GOVERNMENT  SECURITIES  MONEY MARKET  PORTFOLIO (the "Fund"),  a
series of the Trust,  and FRANKLIN  ADVISERS,  INC., a California  corporation,
(the  "Administrator").  The  undersigned  parties,  intending  to  be  legally
bound, hereby agree as follows:

      Paragraph 4A is amended by changing the last sentence to read as follows:

           "The annual rate of the  administration fee payable by the Fund
           shall be 20/100 of 1% of the value of its net assets".

      All other  provisions of the  Administration  Agreement dated November 1,
1992, remain in full force and effect.

      IN WITNESS  WHEREOF,  we have  signed this  Amendment  as of the date and
year first above written.



INSTITUTIONAL FIDUCIARY TRUST
On behalf of Franklin U.S. Government
Securities Money Market Portfolio


By    /S/ XXXXXXX X. XXXXXX
      ---------------------
      Xxxxxxx X. Xxxxxx
      Vice President & Secretary



FRANKLIN ADVISERS, INC.


By    /S/ XXXXXX X. XXXXX
      -------------------
      Xxxxxx X. Xxxxx
      Executive Vice President