<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TEMPLETON VARIABLE PRODUCTS SERIES FUND - FRANKLIN STRATEGIC INCOME INVESTMENTS
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> 019
<NAME> STRATEGIC INCOME INVESTMENTS FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000<F1>
<INVESTMENTS-AT-COST> 6,451,563
<INVESTMENTS-AT-VALUE> 6,231,271
<RECEIVABLES> 94,161
<ASSETS-OTHER> 67,673
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6,393,105
<PAYABLE-FOR-SECURITIES> 139,188
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13,147
<TOTAL-LIABILITIES> 152,335
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,324,800
<SHARES-COMMON-STOCK> 635,034
<SHARES-COMMON-PRIOR> 476,054
<ACCUMULATED-NII-CURRENT> 149,125
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (11,866)
<ACCUM-APPREC-OR-DEPREC> (221,289)
<NET-ASSETS> 6,240,770
<DIVIDEND-INCOME> 9,862
<INTEREST-INCOME> 152,214
<OTHER-INCOME> 0
<EXPENSES-NET> (12,922)
<NET-INVESTMENT-INCOME> 149,154
<REALIZED-GAINS-CURRENT> 8,278
<APPREC-INCREASE-CURRENT> (224,015)
<NET-CHANGE-FROM-OPS> (66,583)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,978)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 188,006
<NUMBER-OF-SHARES-REDEEMED> (29,227)
<SHARES-REINVESTED> 201
<NET-CHANGE-IN-ASSETS> 1,499,704
<ACCUMULATED-NII-PRIOR> 1950
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (20,144)
<GROSS-ADVISORY-FEES> (6,884)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (19,912)
<AVERAGE-NET-ASSETS> 5,477,211
<PER-SHARE-NAV-BEGIN> 9.960
<PER-SHARE-NII> .230
<PER-SHARE-GAIN-APPREC> (.360)
<PER-SHARE-DIVIDEND> (.000)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 9.83
<EXPENSE-RATIO> .470<F2>
<FN>
<F1>THE FUND'S LAST BUSINESS DAY IN THE TEMPLETON VARIABLE PRODUCTS SERIES WAS
APRIL 30, 2000. THE FUND'S NEW NAME AND SERIES NAME ARE FRANKLIN STRATEGIC
INCOME SECURITIES FUND AND FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST,
RESPECTIVELY.
<F2>ANNUALIZED. EXPENSE RATIO EXCLUDING WAIVER AND PAYMENTS BY AFFILIATE .73%
</FN>
</TABLE>
