<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE TEMPLETON
VARIABLE PRODUCSTS SERIES FUND - TEMPLETON STOCK 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> 004
<NAME> TEMPLETON STOCK FUND -CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 499978502
<INVESTMENTS-AT-VALUE> 622713595
<RECEIVABLES> 8188790
<ASSETS-OTHER> 59071027
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 689973412
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6139815
<TOTAL-LIABILITIES> 6139815
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 562789939
<SHARES-COMMON-STOCK> 2882765
<SHARES-COMMON-PRIOR> 1965579
<ACCUMULATED-NII-CURRENT> 317836
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (2009271)
<ACCUM-APPREC-OR-DEPREC> 122735093
<NET-ASSETS> 683833597
<DIVIDEND-INCOME> 3375302
<INTEREST-INCOME> 950602
<OTHER-INCOME> 0
<EXPENSES-NET> (1871758)
<NET-INVESTMENT-INCOME> 2454146
<REALIZED-GAINS-CURRENT> 34566246
<APPREC-INCREASE-CURRENT> (30303703)
<NET-CHANGE-FROM-OPS> 6716689
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (472331)
<DISTRIBUTIONS-OF-GAINS> (11210754)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 389043
<NUMBER-OF-SHARES-REDEEMED> (56814)
<SHARES-REINVESTED> 584957
<NET-CHANGE-IN-ASSETS> (5756076)
<ACCUMULATED-NII-PRIOR> 5470586
<ACCUMULATED-GAINS-PRIOR> 109151709
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (1583816)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1871758)
<AVERAGE-NET-ASSETS> 688171253
<PER-SHARE-NAV-BEGIN> 24.29
<PER-SHARE-NII> 0.06<F1>
<PER-SHARE-GAIN-APPREC> 0.11<F1>
<PER-SHARE-DIVIDEND> (0.21)<F1>
<PER-SHARE-DISTRIBUTIONS> (4.99)<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.26
<EXPENSE-RATIO> 1.06<F2>
<FN>
<F1>BASED ON AVERAGE WEIGHTED SHARES OUTSTANDING.
<F2>ANNUALIZED.
</FN>
</TABLE>
