CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in Post-Effective Amendment No.
5 to the Registration Statement of Franklin Templeton Fund Allocator Series
on Form N-1A, File No. 333-13601, of our report dated September 7, 2000, on
our audit of the financial statements and financial highlights of Franklin
Templeton Fund Allocator Series, which report is included in the Annual
Report to Shareholders for the year ended July 31, 2000, filed with the
Securities and Exchange Commission pursuant to section 30(d) of the
Investment Company Act of 1940, which is incorporated by reference in the
Registration Statement. We also consent to the reference to our firm under
the captions "Financial Highlights" and "Auditor."
/s/ PricewaterhouseCoopers LLP
San Francisco, California
November 28, 2000
