<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE TVPSF
TEMPLETON BOND FUND JUNE 30, 2000 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000829959
<NAME> TEMPLETON VARIABLE PRODUCTS SERIES FUND
<SERIES>
<NUMBER> 001
<NAME> TEMPLETON BOND FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 19340137
<INVESTMENTS-AT-VALUE> 17337037
<RECEIVABLES> 574327
<ASSETS-OTHER> 332996
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 18244360
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 19895
<TOTAL-LIABILITIES> 19895
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 22852802
<SHARES-COMMON-STOCK> 1881427
<SHARES-COMMON-PRIOR> 2052007
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (14883)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (2632964)
<ACCUM-APPREC-OR-DEPREC> (1980490)
<NET-ASSETS> 18224465
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 416759
<OTHER-INCOME> 0
<EXPENSES-NET> (43261)
<NET-INVESTMENT-INCOME> 373498
<REALIZED-GAINS-CURRENT> 82948
<APPREC-INCREASE-CURRENT> (734406)
<NET-CHANGE-FROM-OPS> (277960)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1035439)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> (3297)
<NUMBER-OF-SHARES-SOLD> 46887
<NUMBER-OF-SHARES-REDEEMED> (327163)
<SHARES-REINVESTED> 109696
<NET-CHANGE-IN-ASSETS> (2787419)
<ACCUMULATED-NII-PRIOR> 681677
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (2715912)
<GROSS-ADVISORY-FEES> (32217)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (43261)
<AVERAGE-NET-ASSETS> 19512090
<PER-SHARE-NAV-BEGIN> 9.99
<PER-SHARE-NII> 0.19<F1>
<PER-SHARE-GAIN-APPREC> (0.34)<F1>
<PER-SHARE-DIVIDEND> (0.56)<F1>
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.28
<EXPENSE-RATIO> 0.66<F2>
<FN>
<F1>BASED ON AVERAGE WEIGHTED SHARES OUTSTANDING.
<F2>ANNUALIZED.
</FN>
</TABLE>
