<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
TEMPLETON FUND ALLOCATOR SERIES JULY 31, 2000 ANNUAL REPORT AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 011
<NAME> FRANKLIN TEMPLETON CONSERVATIVE TARGET FUND - CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-END> JUL-31-2000
<INVESTMENTS-AT-COST> 29,208,654
<INVESTMENTS-AT-VALUE> 30,860,221
<RECEIVABLES> 40,868
<ASSETS-OTHER> 19,361
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 30,920,450
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 322,247
<TOTAL-LIABILITIES> 322,247
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27,720,695
<SHARES-COMMON-STOCK> 1,487,732
<SHARES-COMMON-PRIOR> 1,384,244
<ACCUMULATED-NII-CURRENT> 275,409
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 950,532
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,651,567
<NET-ASSETS> 30,598,203
<DIVIDEND-INCOME> 1,654,511
<INTEREST-INCOME> 2,144
<OTHER-INCOME> 0
<EXPENSES-NET> (358,547)
<NET-INVESTMENT-INCOME> 1,298,108
<REALIZED-GAINS-CURRENT> 1,320,665
<APPREC-INCREASE-CURRENT> 1,824,100
<NET-CHANGE-FROM-OPS> 4,442,873
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (722,519)
<DISTRIBUTIONS-OF-GAINS> (79,616)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 680,043
<NUMBER-OF-SHARES-REDEEMED> (642,559)
<SHARES-REINVESTED> 66,004
<NET-CHANGE-IN-ASSETS> 5,137,110
<ACCUMULATED-NII-PRIOR> 136,308
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (232,239)
<GROSS-ADVISORY-FEES> (55,630)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (360,081)
<AVERAGE-NET-ASSETS> 27,867,000
<PER-SHARE-NAV-BEGIN> 10.730
<PER-SHARE-NII> .580<F1>
<PER-SHARE-GAIN-APPREC> 1.410
<PER-SHARE-DIVIDEND> (.530)
<PER-SHARE-DISTRIBUTIONS> (.060)
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 12.130
<EXPENSE-RATIO> .980<F2>
<FN>
<F1>BASED ON AVERAGE SHARES OUTSTANDING.
<F2>EXPENSE RATIO EXCLUDING WAIVER AND PAYMENTS BY AFFILIATE .99%.
</FN>
</TABLE>
