1. FRANKLIN LARGE CAP GROWTH INVESTMENTS FUND
a) The approval of the Agreement and Plan of Reorganization between the TVP
Trust and the VIP Trust:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
FOR 82,549.531 63.277% 93.691%
AGAINST 0.000 0.000% 0.000%
ABSTAIN 5,559.060 4.261% 6.309%
-------------- --------- -----------
TOTAL 88,108.591 67.538% 100.000%
</TABLE>
b) To vote upon any other business that may legally be presented at the
Special Meeting or any adjournment thereof:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
GRANT 88,108.591 67.538% 100.000%
WITHHOLD 0.000 0.000% 0.000%
--------------- --------- ---------
TOTAL 88,108.591 67.538% 100.000%
</TABLE>
2. FRANKLIN SMALL CAP INVESTMENTS FUND
a) The approval of the Agreement and Plan of Reorganization between the
TVP Trust and the VIP Trust:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
FOR 3,676,403.633 93.958% 94.009%
AGAINST 44,760.236 1.144% 1.145%
ABSTAIN 189,517.399 4.843% 4.846%
----------------- --------- ---------
TOTAL 3,910,681.268 99.945% 100.000%
</TABLE>
b) To vote upon any other business that may legally be presented at the Special
Meeting or any adjournment thereof:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
GRANT 3,703,351.276 94.647% 94.698%
WITHHOLD 207,329.992 5.298% 5.302%
----------------- --------- ---------
TOTAL 3,910,681.268 99.945% 100.000%
</TABLE>
3. MUTUAL SHARES INVESTMENTS FUND
a) The approval of the Agreement and Plan of Reorganization between the TVP
Trust and the VIP Trust:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
FOR 462,972.399 94.879% 96.236%
AGAINST 5,433.373 1.113% 1.130%
ABSTAIN 12,673.914 2.598% 2.634%
----------------- --------- ---------
TOTAL 481,079.686 98.590% 100.000%
</TABLE>
b) To vote upon any other business that may legally be presented at the
Special Meeting or any adjournment thereof:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
GRANT 461,166.097 94.509% 95.861%
WITHHOLD 19,913.589 4.081% 4.139%
----------------- --------- ---------
TOTAL 481,079.686 98.590% 100.000%
</TABLE>
4. TEMPLETON ASSET ALLOCATION FUND
a) The approval of the Agreement and Plan of Reorganization between the TVP
Trust and the VIP Trust:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
FOR 27,094,661.662 90.077% 90.154%
AGAINST 1,263,049.081 4.199% 4.202%
ABSTAIN 1,696,087.868 5.639% 5.644%
----------------- --------- ---------
TOTAL 30,053,798.611 99.915% 100.000%
</TABLE>
b) To vote upon any other business that may legally be presented at the Special
Meeting or any adjournment thereof:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
GRANT 26,660,551.851 88.634% 88.709%
WITHHOLD 3,393,246.760 11.281% 11.291%
---------------- --------- ------------
TOTAL 30,053,798.611 99.915% 100.000%
</TABLE>
5. TEMPLETON BOND FUND
CLASS 1
a) The approval of the Agreement and Plan of Reorganization between the TVP
Trust and the VIP Trust:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
FOR 1,838,325.020 88.161% 88.162%
AGAINST 92,878.521 4.454% 4.454%
ABSTAIN 153,973.197 7.384% 7.384%
----------------- --------- ------------
TOTAL 2,085,176.738 99.999% 100.000%
</TABLE>
b) To vote upon any other business that may legally be presented at the Special
Meeting or any adjournment thereof:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
GRANT 1,884,544.622 90.377% 90.378%
WITHHOLD 200,632.116 9.622% 9.622%
---------------- --------- ------------
TOTAL 2,085,176.738 99.999% 100.000%
</TABLE>
TEMPLETON BOND FUND
CLASS 2
a) The approval of the Agreement and Plan of Reorganization between the TVP
Trust and the VIP Trust:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
FOR 44,120.171 87.875% 87.875%
AGAINST 4,594.020 9.150% 9.150%
ABSTAIN 1,493.684 2.975% 2.975%
---------------- --------- ------------
TOTAL 50,207.875 100.000% 100.000%
</TABLE>
b) To vote upon any other business that may legally be presented at the Special
Meeting or any adjournment thereof:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
GRANT 34,300.012 68.316% 68.316%
WITHHOLD 15,907.863 31.684% 31.684%
---------------- --------- ------------
TOTAL 50,207.875 100.000% 100.000%
</TABLE>
6. TEMPLETON DEVELOPING MARKETS FUND
a) The approval of the Agreement and Plan of Reorganization between the TVP
Trust and the VIP Trust:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
FOR 38,032,307.453 86.083% 88.233%
AGAINST 995,683.149 2.254% 2.310%
ABSTAIN 4,076,316.877 9.226% 9.457%
---------------- --------- ------------
TOTAL 43,104,307.479 97.563% 100.000%
</TABLE>
b) To vote upon any other business that may legally be presented at the Special
Meeting or any adjournment thereof:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
GRANT 38,631,788.028 87.440% 89.624%
WITHHOLD 4,472,519.451 10.123% 10.376%
---------------- --------- ------------
TOTAL 43,104,307.479 97.563% 100.000%
</TABLE>
7. TEMPLETON INTERNATIONAL FUND
a) The approval of the Agreement and Plan of Reorganization between the TVP
Trust and the VIP Trust:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
FOR 44,879,630.867 87.392% 89.738%
AGAINST 1,787,919.242 3.482% 3.575%
ABSTAIN 3,344,423.594 6.512% 6.687%
---------------- --------- ------------
TOTAL 50,011,973.703 97.386% 100.000%
</TABLE>
b) To vote upon any other business that may legally be presented at the Special
Meeting or any adjournment thereof:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
GRANT 43,860,720.509 85.408% 87.700%
WITHHOLD 6,151,253.194 11.978% 12.300%
---------------- --------- ------------
TOTAL 50,011,973.703 97.386% 100.000%
</TABLE>
8. TEMPLETON STOCK FUND
a) The approval of the Agreement and Plan of Reorganization between the TVP
Trust and the VIP Trust:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
FOR 25,499,530.878 89.210% 89.931%
AGAINST 973,896.763 3.407% 3.434%
ABSTAIN 1,881,277.073 6.582% 6.635%
---------------- --------- ------------
TOTAL 28,354,704.714 99.199% 100.000%
</TABLE>
b) To vote upon any other business that may legally be presented at the Special
Meeting or any adjournment thereof:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
GRANT 25,347,301.455 88.677% 89.394%
WITHHOLD 3,007,403.259 10.522% 10.606%
---------------- --------- ------------
TOTAL 28,354,704.714 99.199% 100.000%
</TABLE>
9. FRANKLIN S&P 500 INDEX FUND
a) The approval of the Agreement and Plan of Reorganization between the TVP
Trust and the VIP Trust:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
FOR 627,225.217 94.103% 94.103%
AGAINST 13,207.807 1.982% 1.982%
ABSTAIN 26,096.418 3.915% 3.915%
---------------- --------- ------------
TOTAL 666,529.442 100.000% 100.000%
</TABLE>
b) To vote upon any other business that may legally be presented at the Special
Meeting or any adjournment thereof:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
GRANT 614,437.387 92.185% 92.185%
WITHHOLD 52,092.055 7.815% 7.815%
---------------- --------- ------------
TOTAL 666,529.442 100.000% 100.000%
</TABLE>
10. FRANKLIN STRATEGIC INCOME INVESTMENTS FUND
a) The approval of the Agreement and Plan of Reorganization between the TVP
Trust and the VIP Trust:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
FOR 410,740.206 99.287% 99.287%
AGAINST 0.000 0.000% 0.000%
ABSTAIN 2,950.644 0.713% 0.713%
---------------- --------- ------------
TOTAL 413,690.850 100.000% 100.000%
</TABLE>
b) To vote upon any other business that may legally be presented at the Special
Meeting or any adjournment thereof:
<TABLE>
<CAPTION>
NO. OF SHARES % OF OUTSTANDING SHARES % OF SHARES VOTED
<S> <C> <C> <C>
GRANT 409,699.206 99.035% 99.035%
WITHHOLD 3,991.644 0.965% 0.965%
---------------- --------- ------------
TOTAL 413,690.850 100.000% 100.000%
</TABLE>
