The Investment Company Institute's weekly "Money Market Mutual Fund Assets" report says, "Total money market mutual fund assets decreased by $13.12 billion to $2.816 trillion for the week ended Wednesday, July 14.... Taxable government funds decreased by $9.11 billion, taxable non-government funds decreased by $160 million, and tax-exempt funds decreased by $3.85 billion." See also, ignites, which writes about the liquidation of Western Asset Money Market Fund and a number of retail Western money funds. The SEC filing says, "The Board of Trustees of Western Asset Money Market Fund, Western Asset Municipal Money Market Fund, Western Asset California Municipal Money Market Fund, Western Asset New York Municipal Money Market Fund and Western Asset Massachusetts Municipal Money Market Fund has approved a plan to liquidate and terminate each of the funds. The plan of liquidation provides that each fund will cease its business, liquidate its assets and distribute its liquidation proceeds to all shareholders of record of that fund. Final liquidation of each fund will occur no later than June 30, 2012 and will be coordinated to coincide with the launch of alternate investment products for cash sweep clients and customers of Morgan Stanley Smith Barney, for which the funds currently serve as sweep vehicles. The liquidation of Western Asset Money Market Fund is expected to occur in multiple stages, commencing with Class I shares in August, 2010."

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