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<PAGE>
PAGE 2
011 C040001 1585
013 A000001 MC GLADREY & PULLEN, LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10017
013 B040001 2416
015 A000001 THE CHASE MANHATTAN BANK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10081
015 E010001 X
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015 E040002 X
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015 E040003 X
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015 D020004 HMDX
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015 E040006 X
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<PAGE>
PAGE 3
015 D010008 BOTSWANA
015 E040008 X
015 A000009 CITIBANK, N.A.
015 B000009 S
015 C010009 SAO PAULO
015 D010009 BRAZIL
015 E040009 X
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015 D010013 DENMARK
015 E040013 X
015 A000014 NATIONAL BANK OF EGYPT
015 B000014 S
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015 A000016 BANQUE PARIBAS
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015 C010016 PARIS
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<PAGE>
PAGE 4
015 A000018 BARCLAYS BANK OF GHANA LTD
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015 C010018 ACCRA
015 D010018 GHANA
015 E040018 X
015 A000019 BARCLAYS BANK PLC
015 B000019 S
015 C010019 ATHENS
015 D010019 GREECE
015 D020019 10562
015 E040019 X
015 A000020 THE CHASE MANHATTAN BANK
015 B000020 S
015 C010020 HONG KONG
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015 E040020 X
015 A000021 CITIBANK BUDAPEST RT.
015 B000021 S
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015 D020021 H-1051
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015 A000026 THE FUJI BANK LTD
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<PAGE>
PAGE 5
015 A000027 BARCLAYS BANK OF KENYA
015 B000027 S
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015 B000028 S
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015 D010028 LUXEMBOURG
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015 A000029 THE CHASE MANHATTAN BANK
015 B000029 S
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015 A000030 HONGKONG AND SHANGHAI BANKING CORP. LTD
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<PAGE>
PAGE 6
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<PAGE>
PAGE 7
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<PAGE>
PAGE 8
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<PAGE>
PAGE 9
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SIGNATURE /s/JAMES R. BAIO
James R. Baio
TITLE TREASURER
EXHIBIT 77C
MATTERS SUBMITTED TO A VOTE OF SECURITY HOLDERS
PAGE
A Special Meeting of Shareholders of Templeton Variable Annuity Fund (the
"Fund") was held on February 3, 1998, for the purpose of approving an Agreement
and Plan of Reorganization between the Fund and Templeton Variable Products
Series Fund, on behalf of Templeton Stock Fund, that provides for the
acquisition of substantially all of the assets of the Fund in exchange for
shares of the Templeton Stock Fund- Class I shares; and in their discretion, to
authorize the proxyholders to vote upon such other matters which may legally
come before the meeting or any other adjournment thereof.
With respect to the Agreement and Plan of Reorganization between the Fund and
Templeton Variable Products Series Fund, on behalf of Templeton Stock Fund
shareholders voted as follows:
For: 721,463.152
Against: 60,913.007
Abstain: 8,701.858
