June 21, 1999
Filed Via EDGAR (CIK # 0000829959)
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
RE Templeton Variable Products Series Fund (Registrant)
FILE NO. 33-20313
Ladies and Gentlemen:
On behalf of the above-referenced Registrant and pursuant to Rule 477(a) of
the Securities Act of 1933, as amended (the Act), we hereby submit this
application for withdrawal of Post-Effective Amendment No. 21 to the
Registrant's Registration Statement on Form N-1A together with all exhibits
(the Amendment). The Amendment was filed with the Commission on April 23,
1999 for effectiveness 75 days after filing pursuant to Rule 485(a)(2).
When the Amendment was filed, the Registrant anticipated submitting a formal
request for acceleration in order to have the new series, Templeton
International Smaller Companies Investments Fund, go effective July 1, 1999.
The new series was to be offered to insurance companies as an investment
option in variable annuities or variable life insurance contracts. After much
consideration, the Registrant has decided not to make this new series
available at this time.
The Registrant believes that withdrawal of the Amendment would be consistent
with the public interest and the protection of investors and respectfully
requests that you issue an order with respect to this application for
withdrawal as soon as possible.
In addition, this will confirm that we do NOT expect to offer the Franklin
Real Estate Investments Fund, which was one of two new funds included in the
Registrants Post-Effective Amendment No. 20. We are not however, requesting
withdrawal of Post-Effective Amendment No. 20 because we still anticipate
offering the Franklin Strategic Income Investments Fund to investors as soon
as it becomes effective on July 1, 1999. Instead, we will file an amendment
under Rule 485(b) before July 1, 1999 which will include only the Franklin
Strategic Income Investments Fund.
Pursuant to the requirements of Rule 478 of the Act, this application for
withdrawal of the Amendment has been signed by Karen L. Skidmore, Assistant
Vice President of Registrant, this 21st day of June, 1999.
Sincerely yours,
TEMPLETON VARIABLE PRODUCTS SERIES FUND
/s/ Karen L. Skidmore, Esq.
Assistant Vice President
