<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TEMPLETON VARIABLE PRODUCTS SERIES FUND - FRANKLIN LARGE CAP GROWTH INVESTMENT
FUND JUNE 30, 2000 SEMIANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>0000829959
<NAME> TEMPLETON VARIABLE PRODUCTS SERIES FUND
<SERIES>
<NUMBER> 013
<NAME> FRANKLIN LARGE CAP GROWTH INVESTMENTS FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000<F1>
<INVESTMENTS-AT-COST> 3,339,853
<INVESTMENTS-AT-VALUE> 3,792,069
<RECEIVABLES> 686,490
<ASSETS-OTHER> 10,774
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,489,333
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,628
<TOTAL-LIABILITIES> 6,628
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,038,408
<SHARES-COMMON-STOCK> 268,208
<SHARES-COMMON-PRIOR> 137,821
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (7,709)
<ACCUM-APPREC-OR-DEPREC> 452,216
<NET-ASSETS> 4,482,705
<DIVIDEND-INCOME> 7,750
<INTEREST-INCOME> 11,033
<OTHER-INCOME> (3)
<EXPENSES-NET> (11,170)
<NET-INVESTMENT-INCOME> 7,609
<REALIZED-GAINS-CURRENT> 97,303
<APPREC-INCREASE-CURRENT> 45,863
<NET-CHANGE-FROM-OPS> 150,775
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (14,810)
<DISTRIBUTIONS-OF-GAINS> (206,806)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 117,289
<NUMBER-OF-SHARES-REDEEMED> (74)
<SHARES-REINVESTED> 13,152
<NET-CHANGE-IN-ASSETS> 2,180,656
<ACCUMULATED-NII-PRIOR> 6,993
<ACCUMULATED-GAINS-PRIOR> 101,794
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (6,749)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (15,079)
<AVERAGE-NET-ASSETS> 3,404,679
<PER-SHARE-NAV-BEGIN> 16.700
<PER-SHARE-NII> .020<F2>
<PER-SHARE-GAIN-APPREC> 1.000
<PER-SHARE-DIVIDEND> (.070)
<PER-SHARE-DISTRIBUTIONS> (.940)
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 16.710
<EXPENSE-RATIO> 1.000<F3>
<FN>
<F1> FOR THE PERIOD JANUARY 1, 2000 THROUGH APRIL 30, 2000.
<F2> BASED ON AVERAGE SHARES OUTSTANDING.
<F3> ANNUALIZED. EXPENSE RATIO EXCLUDING WAIVER 1.34%.
</FN>
</TABLE>
