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<PAGE> PAGE 4
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<PAGE> PAGE 7
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015 A000105 BANK AUSTRIA AG
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015 A000108 DELETE
015 A000109 ROYAL BANK OF CANADA
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015 A000111 DELETE
015 A000112 STANDARD CHARTERED BANK
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<PAGE> PAGE 8
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015 A000131 DELETE
015 A000132 BANK OF TOKYO MITSUBISHI
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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015 A000158 STANDARD CHARTERED BANK
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015 A000160 SKANDINAVISKA ENSKILDA BANKEN
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015 A000164 STANDARD CHARTERED BANK
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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015 D010224 IRELAND
015 E040224 X
015 A000225 BANK OF TOKYO MITSUBISHI
015 B000225 S
015 C010225 TOKYO
015 D010225 JAPAN
015 E040225 X
015 A000226 DELETE
015 A000227 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEMBOU
015 B000227 S
015 C010227 LUXEMBOURG CITY
015 D010227 LUXEMBOURG
015 E040227 X
015 A000228 HSBC BANK MALAYSIA BERHAD
015 B000228 S
015 C010228 KUALA LUMPUR
015 D010228 MALAYSIA
015 E040228 X
015 A000229 BANCO NACIONAL DE MEXICO
015 B000229 S
015 C010229 MEXICO CITY
015 D010229 MEXICO
015 E040229 X
015 A000230 MEESPIERSON
015 B000230 S
015 C010230 AMSTERDAM
015 D010230 NETHERLANDS
015 E040230 X
015 A000231 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000231 S
015 C010231 WELLINGTON
015 D010231 NEW ZEALAND
015 E040231 X
015 A000232 DEN NORSKE BANK ASA
015 B000232 S
015 C010232 OSLO
015 D010232 NORWAY
015 E040232 X
015 A000233 STANDARD CHARTERED BANK
015 B000233 S
015 C010233 KARACHI
015 D010233 PAKISTAN
015 E040233 X
015 A000234 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000234 S
<PAGE> PAGE 19
015 C010234 PASIG CITY MANILA
015 D010234 PHILIPPINES
015 E040234 X
015 A000235 BANCO COMERCIAL PORTUGUES, S.A.
015 B000235 S
015 C010235 LISBON
015 D010235 PORTUGAL
015 E040235 X
015 A000236 UNITED OVERSEAS BANK LTD.
015 B000236 S
015 C010236 SINGAPORE
015 D010236 SINGAPORE
015 E040236 X
015 A000237 DELETE
015 A000238 STANDARD CORPORATE AND MERCHANT BANK
015 B000238 S
015 C010238 JOHANNESBURG
015 D010238 SOUTH AFRICA
015 E040238 X
015 A000239 BANCO BILBAO VIZCAYA
015 B000239 S
015 C010239 MADRID
015 D010239 SPAIN
015 E040239 X
015 A000240 STANDARD CHARTERED BANK
015 B000240 S
015 C010240 COLOMBO
015 D010240 SRI LANKA
015 E040240 X
015 A000241 SKANDINAVISKA ENSKILDA BANKEN
015 B000241 S
015 C010241 STOCKHOLM
015 D010241 SWEDEN
015 E040241 X
015 A000242 DELETE
015 A000243 UBS AG
015 B000243 S
015 C010243 ZURICH
015 D010243 SWITZERLAND
015 E040243 X
015 A000244 STANDARD CHARTERED BANK
015 B000244 S
015 C010244 BANGKOK
015 D010244 THAILAND
015 E040244 X
015 A000245 DELETE
015 A000246 OSMANLI BANKASI A.S.
015 B000246 S
015 C010246 ISTANBUL
015 D010246 TURKEY
015 E040246 X
<PAGE> PAGE 20
015 A000247 THE BANK OF NEW YORK
015 B000247 S
015 C010247 LONDON
015 D010247 UNITED KINGDOM
015 E040247 X
015 A000248 DELETE
015 A000249 STANBIC BANK ZAMBIA LTD.
015 B000249 S
015 C010249 LUSAKA
015 D010249 ZAMBIA
015 E040249 X
015 A000250 STANBIC BANK ZIMBABWE
015 B000250 S
015 C010250 HARARE
015 D010250 ZIMBABWE
015 E040250 X
015 A000251 DELETE
015 A000252 DELETE
015 A000253 DELETE
015 A000254 DELETE
015 A000255 DELETE
015 A000256 DELETE
015 A000257 DELETE
015 A000258 DELETE
015 A000259 DELETE
015 A000260 DELETE
015 A000261 DELETE
015 A000262 DELETE
015 A000263 DELETE
015 A000264 DELETE
015 A000265 DELETE
015 A000266 DELETE
015 A000267 DELETE
015 A000268 DELETE
015 A000269 DELETE
015 A000270 DELETE
015 A000271 DELETE
015 A000272 DELETE
015 A000273 DELETE
024 000200 Y
025 A000201 J.P. MORGAN & CO. INC.
025 B000201 13-3224016
025 C000201 E
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<PAGE> PAGE 21
025 D000206 0
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037 000200 N
038 000200 0
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<PAGE> PAGE 22
048 A010200 100000
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055 A000200 N
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056 000200 N
057 000200 N
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062 A000200 N
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062 H000200 0.0
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062 P000200 0.0
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062 R000200 0.0
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<PAGE> PAGE 23
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 N
066 E000200 Y
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 Y
070 P020200 Y
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 228602
071 B000200 397261
071 C000200 1173800
071 D000200 19
<PAGE> PAGE 24
072 A000200 6
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072 C000200 19753
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<PAGE> PAGE 25
074 O000200 12041
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074 W000200 0.0000
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074 Y000200 26650
075 A000200 0
075 B000200 1239351
076 000200 0.00
008 A000301 FRANKLIN ADVISERS, INC.
008 B000301 A
008 C000301 801-26292
008 D010301 SAN MATEO
008 D020301 CA
008 D030301 94404
008 D040301 1585
015 A000301 DELETE
015 A000302 BANKBOSTON, N.A.
015 B000302 S
015 C010302 BUENOS AIRES
015 D010302 ARGENTINA
015 E040302 X
015 A000303 NATIONAL AUSTRALIA BANK LTD.
015 B000303 S
015 C010303 MELBOURNE
015 D010303 AUSTRALIA
015 E040303 X
015 A000304 DELETE
015 A000305 BANK AUSTRIA AG
015 B000305 S
015 C010305 VIENNA
015 D010305 AUSTRIA
015 E040305 X
015 A000306 BANQUE BRUXELLES LAMBERT
015 B000306 S
015 C010306 BRUSSELS
015 D010306 BELGIUM
015 E040306 X
015 A000307 DELETE
015 A000308 DELETE
015 A000309 ROYAL BANK OF CANADA
<PAGE> PAGE 26
015 B000309 S
015 C010309 MONTREAL
015 D010309 CANADA
015 E040309 X
015 A000310 DELETE
015 A000311 DELETE
015 A000312 STANDARD CHARTERED BANK
015 B000312 S
015 C010312 SHANGHAI
015 D010312 CHINA
015 E040312 X
015 A000313 STANDARD CHARTERED BANK
015 B000313 S
015 C010313 SHENZHEN
015 D010313 CHINA
015 E040313 X
015 A000314 DELETE
015 A000315 DEN DANSKE BANK
015 B000315 S
015 C010315 COPENHAGEN
015 D010315 DENMARK
015 E040315 X
015 A000316 FIRST CHICAGO CLEARING CENTRE
015 B000316 S
015 C010316 LONDON
015 D010316 UNITED KINGDOM
015 E040316 X
015 A000317 CEDEL
015 B000317 S
015 C010317 LUXEMBOURG CITY
015 D010317 EUROMARKET
015 E040317 X
015 A000318 EUROCLEAR OPERATIONS CENTRE
015 B000318 S
015 C010318 BRUSSELS
015 D010318 EUROMARKET
015 E040318 X
015 A000319 MERITA BANK PLC
015 B000319 S
015 C010319 HELSINKI
015 D010319 FINLAND
015 E040319 X
015 A000320 BANQUE PARIBAS, S.A.
015 B000320 S
015 C010320 PARIS
015 D010320 FRANCE
015 E040320 X
015 A000321 DRESDNER BANK AG
015 B000321 S
015 C010321 FRANKFURT/MAIN
015 D010321 GERMANY
<PAGE> PAGE 27
015 E040321 X
015 A000322 DELETE
015 A000323 DELETE
015 A000324 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000324 S
015 C010324 HONG KONG
015 D010324 HONG KONG
015 E040324 X
015 A000325 DELETE
015 A000326 DELETE
015 A000327 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000327 S
015 C010327 JAKARTA
015 D010327 INDONESIA
015 E040327 X
015 A000328 ALLIED IRISH BANKS PLC
015 B000328 S
015 C010328 DUBLIN
015 D010328 IRELAND
015 E040328 X
015 A000329 DELETE
015 A000330 DELETE
015 A000331 DELETE
015 A000332 BANK OF TOKYO MITSUBISHI
015 B000332 S
015 C010332 TOKYO
015 D010332 JAPAN
015 E040332 X
015 A000333 DELETE
015 A000334 DELETE
015 A000335 DELETE
015 A000336 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEMBOU
015 B000336 S
015 C010336 LUXEMBOURG CITY
015 D010336 LUXEMBOURG
015 E040336 X
015 A000337 DELETE
015 A000338 HSBC BANK MALAYSIA BERHAD
015 B000338 S
015 C010338 KUALA LUMPUR
015 D010338 MALAYSIA
015 E040338 X
015 A000339 BANCO NACIONAL DE MEXICO
015 B000339 S
015 C010339 MEXICO CITY
015 D010339 MEXICO
015 E040339 X
015 A000340 DELETE
015 A000341 DELETE
015 A000342 MEESPEIRSON
015 B000342 S
<PAGE> PAGE 28
015 C010342 AMSTERDAM
015 D010342 NETHERLANDS
015 E040342 X
015 A000343 DELETE
015 A000344 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000344 S
015 C010344 WELLINGTON
015 D010344 NEW ZEALAND
015 E040344 X
015 A000345 DELETE
015 A000346 DELETE
015 A000347 STANDARD CHARTERED BANK
015 B000347 S
015 C010347 KARACHI
015 D010347 PAKISTAN
015 E040347 X
015 A000348 CITIBANK, N.A.
015 B000348 S
015 C010348 LIMA
015 D010348 PERU
015 E040348 X
015 A000349 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000349 S
015 C010349 PASIG CITY MANILA
015 D010349 PHILIPPINES
015 E040349 X
015 A000350 DELETE
015 A000351 BANCO COMERCIAL PORTUGUES, S.A.
015 B000351 S
015 C010351 LISBON
015 D010351 PORTUGAL
015 E040351 X
015 A000352 UNITED OVERSEAS BANK LTD.
015 B000352 S
015 C010352 SINGAPORE
015 D010352 SINGAPORE
015 E040352 X
015 A000353 DELETE
015 A000354 DELETE
015 A000355 STANDARD CORPORATE AND MERCHANT BANK
015 B000355 S
015 C010355 JOHANNESBURG
015 D010355 SOUTH AFRICA
015 E040355 X
015 A000356 DELETE
015 A000357 BANCO BILBAO VIZCAYA
015 B000357 S
015 C010357 MADRID
015 D010357 SPAIN
015 E040357 X
015 A000358 STANDARD CHARTERED BANK
<PAGE> PAGE 29
015 B000358 S
015 C010358 COLOMBO
015 D010358 SRI LANKA
015 E040358 X
015 A000359 DELETE
015 A000360 SKANDINAVISKA ENSKILDA BANKEN
015 B000360 S
015 C010360 STOCKHOLM
015 D010360 SWEDEN
015 E040360 X
015 A000361 UBS AG
015 B000361 S
015 C010361 ZURICH
015 D010361 SWITZERLAND
015 E040361 X
015 A000362 DELETE
015 A000363 DELETE
015 A000364 STANDARD CHARTERED BANK
015 B000364 S
015 C010364 BANGKOK
015 D010364 THAILAND
015 E040364 X
015 A000365 DELETE
015 A000366 OSMANLI BANKASI A.S.
015 B000366 S
015 C010366 ISTANBUL
015 D010366 TURKEY
015 E040366 X
015 A000367 THE BANK OF NEW YORK
015 B000367 S
015 C010367 LONDON
015 D010367 UNITED KINGDOM
015 E040367 X
015 A000368 THE BANK OF NEW YORK
015 B000368 C
015 C010368 NEW YORK
015 C020368 NY
015 C030368 10286
015 E010368 X
015 A000369 DELETE
015 A000370 DELETE
015 A000371 STANBIC BANK ZAMBIA LTD.
015 B000371 S
015 C010371 LUSAKA
015 D010371 ZAMBIA
015 E040371 X
015 A000372 STANBIC BANK ZIMBABWE LTD.
015 B000372 S
015 C010372 HARARE
015 D010372 ZIMBABWE
015 E040372 X
<PAGE> PAGE 30
015 A000373 DELETE
024 000300 N
025 D000301 0
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<PAGE> PAGE 31
042 H000300 0
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<PAGE> PAGE 32
062 N000300 0.0
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<PAGE> PAGE 33
070 Q020300 N
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070 R020300 N
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<PAGE> PAGE 34
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008 A000401 FRANKLIN ADVISERS, INC.
008 B000401 A
008 C000401 801-26292
008 D010401 SAN MATEO
008 D020401 CA
008 D030401 94404
008 D040401 1585
015 A000401 THE BANK OF NEW YORK
015 B000401 C
015 C010401 NEW YORK
015 C020401 NY
015 C030401 10286
015 E010401 X
015 A000402 BANKBOSTON, N.A.
015 B000402 S
015 C010402 BUENOS AIRES
015 D010402 ARGENTINA
015 E040402 X
015 A000403 NATIONAL AUSTRALIA BANK LTD.
015 B000403 S
015 C010403 MELBOURNE
015 D010403 AUSTRALIA
015 E040403 X
015 A000404 DELETE
015 A000405 BANK AUSTRIA AG
<PAGE> PAGE 35
015 B000405 S
015 C010405 VIENNA
015 D010405 AUSTRIA
015 E040405 X
015 A000406 BANQUE BRUXELLES LAMBERT
015 B000406 S
015 C010406 BRUSSELS
015 D010406 BELGIUM
015 E040406 X
015 A000407 DELETE
015 A000408 DELETE
015 A000409 ROYAL BANK OF CANADA
015 B000409 S
015 C010409 MONTREAL
015 D010409 CANADA
015 E040409 X
015 A000410 DELETE
015 A000411 DELETE
015 A000412 DELETE
015 A000413 DELETE
015 A000414 EUROCLEAR OPERATIONS CENTRE
015 B000414 S
015 C010414 BRUSSELS
015 D010414 EUROMARKET
015 E040414 X
015 A000415 DEN DANSKE BANK
015 B000415 S
015 C010415 COPENHAGEN
015 D010415 DENMARK
015 E040415 X
015 A000416 FIRST CHICAGO CLEARING CENTRE
015 B000416 S
015 C010416 LONDON
015 D010416 UNITED KINGDOM
015 E040416 X
015 A000417 CEDEL
015 B000417 S
015 C010417 LUXEMBOURG CITY
015 D010417 EUROMARKET
015 E040417 X
015 A000418 MERITA BANK PLC
015 B000418 S
015 C010418 HELSINKI
015 D010418 FINLAND
015 E040418 X
015 A000419 BANQUE PARIBAS, S.A.
015 B000419 S
015 C010419 PARIS
015 D010419 FRANCE
015 E040419 X
015 A000420 DELETE
<PAGE> PAGE 36
015 A000421 DRESDNER BANK AG
015 B000421 S
015 C010421 FRANKFURT/MAIN
015 D010421 GERMANY
015 E040421 X
015 A000422 DELETE
015 A000423 DELETE
015 A000424 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000424 S
015 C010424 HONG KONG
015 D010424 HONG KONG
015 E040424 X
015 A000425 DELETE
015 A000426 DELETE
015 A000427 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000427 S
015 C010427 JAKARTA
015 D010427 INDONESIA
015 E040427 X
015 A000428 ALLIED IRISH BANKS PLC
015 B000428 S
015 C010428 DUBLIN
015 D010428 IRELAND
015 E040428 X
015 A000429 DELETE
015 A000430 DELETE
015 A000431 DELETE
015 A000432 DELETE
015 A000433 BANK OF TOKYO MITSUBISHI
015 B000433 S
015 C010433 TOKYO
015 D010433 JAPAN
015 E040433 X
015 A000434 DELETE
015 A000435 DELETE
015 A000436 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEMBOU
015 B000436 S
015 C010436 LUXEMBOURG CITY
015 D010436 LUXEMBOURG
015 E040436 X
015 A000437 DELETE
015 A000438 HSBC BANK MALAYSIA BERHAD
015 B000438 S
015 C010438 KUALA LUMPUR
015 D010438 MALAYSIA
015 E040438 X
015 A000439 BANCO NACIONAL DE MEXICO
015 B000439 S
015 C010439 MEXICO CITY
015 D010439 MEXICO
015 E040439 X
<PAGE> PAGE 37
015 A000440 DELETE
015 A000441 DELETE
015 A000442 DELETE
015 A000443 MEESPIERSON
015 B000443 S
015 C010443 AMSTERDAM
015 D010443 NETHERLANDS
015 E040443 X
015 A000444 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000444 S
015 C010444 WELLINGTON
015 D010444 NEW ZEALAND
015 E040444 X
015 A000445 DELETE
015 A000446 DELETE
015 A000447 STANDARD CHARTERED BANK
015 B000447 S
015 C010447 KARACHI
015 D010447 PAKISTAN
015 E040447 X
015 A000448 DELETE
015 A000449 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000449 S
015 C010449 PASIG CITY MANILA
015 D010449 PHILIPPINES
015 E040449 X
015 A000450 DELETE
015 A000451 BANCO COMERCIAL PORTUGUES, S.A.
015 B000451 S
015 C010451 LISBON
015 D010451 PORTUGAL
015 E040451 X
015 A000452 UNITED OVERSEAS BANK LTD.
015 B000452 S
015 C010452 SINGAPORE
015 D010452 SINGAPORE
015 E040452 X
015 A000453 DELETE
015 A000454 DELETE
015 A000455 STANDARD CORPORATE AND MERCHANT BANK
015 B000455 S
015 C010455 JOHANNESBURG
015 D010455 SOUTH AFRICA
015 E040455 X
015 A000456 DELETE
015 A000457 BANCO BILBAO VIZCAYA
015 B000457 S
015 C010457 MADRID
015 D010457 SPAIN
015 E040457 X
015 A000458 STANDARD CHARTERED BANK
<PAGE> PAGE 38
015 B000458 S
015 C010458 COLOMBO
015 D010458 SRI LANKA
015 E040458 X
015 A000459 DELETE
015 A000460 SKANDINAVISKA ENSKILDA BANKEN
015 B000460 S
015 C010460 STOCKHOLM
015 D010460 SWEDEN
015 E040460 X
015 A000461 DELETE
015 A000462 UBS AG
015 B000462 S
015 C010462 ZURICH
015 D010462 SWITZERLAND
015 E040462 X
015 A000463 DELETE
015 A000464 STANDARD CHARTERED BANK
015 B000464 S
015 C010464 BANGKOK
015 D010464 THAILAND
015 E040464 X
015 A000465 DELETE
015 A000466 OSMANLI BANKASI A.S.
015 B000466 S
015 C010466 ISTANBUL
015 D010466 TURKEY
015 E040466 X
015 A000467 THE BANK OF NEW YORK
015 B000467 S
015 C010467 LONDON
015 D010467 UNITED KINGDOM
015 E040467 X
015 A000468 DELETE
015 A000469 DELETE
015 A000470 DELETE
015 A000471 STANBIC BANK ZAMBIA LTD.
015 B000471 S
015 C010471 LUSAKA
015 D010471 ZAMBIA
015 E040471 X
015 A000472 STANBIC BANK ZIMBABWE LTD.
015 B000472 S
015 C010472 HARARE
015 D010472 ZIMBABWE
015 E040472 X
015 A000473 DELETE
024 000400 N
025 D000401 0
025 D000402 0
025 D000403 0
<PAGE> PAGE 39
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 1291
028 A020400 0
028 A030400 0
028 A040400 13414
028 B010400 2018
028 B020400 0
028 B030400 0
028 B040400 13979
028 C010400 838
028 C020400 0
028 C030400 0
028 C040400 15774
028 D010400 1074
028 D020400 0
028 D030400 0
028 D040400 11819
028 E010400 1719
028 E020400 0
028 E030400 0
028 E040400 12367
028 F010400 631
028 F020400 0
028 F030400 0
028 F040400 9822
028 G010400 7571
028 G020400 0
028 G030400 0
028 G040400 77175
028 H000400 0
037 000400 N
038 000400 0
039 000400 N
040 000400 Y
041 000400 Y
042 A000400 0
042 B000400 0
042 C000400 100
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
043 000400 0
044 000400 0
045 000400 Y
046 000400 N
<PAGE> PAGE 40
047 000400 Y
048 000400 0.000
048 A010400 100000
048 A020400 0.625
048 B010400 150000
048 B020400 0.500
048 C010400 9750000
048 C020400 0.450
048 D010400 2500000
048 D020400 0.440
048 E010400 2500000
048 E020400 0.420
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 15000000
048 K020400 0.400
055 A000400 N
055 B000400 N
056 000400 N
057 000400 N
058 A000400 N
059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 5000
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
<PAGE> PAGE 41
063 A000400 0
063 B000400 0.0
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 N
066 E000400 Y
066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 N
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 Y
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 11927
071 B000400 72115
<PAGE> PAGE 42
071 C000400 241375
071 D000400 5
072 A000400 6
072 B000400 123
072 C000400 5613
072 D000400 0
072 E000400 0
072 F000400 672
072 G000400 0
072 H000400 0
072 I000400 0
072 J000400 2
072 K000400 10
072 L000400 10
072 M000400 1
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 4
072 S000400 1
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 2
072 X000400 702
072 Y000400 0
072 Z000400 5034
072AA000400 15376
072BB000400 4665
072CC010400 0
072CC020400 3936
072DD010400 0
072DD020400 0
072EE000400 0
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 3714
074 C000400 0
074 D000400 0
074 E000400 0
074 F000400 218036
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 1565
074 K000400 0
074 L000400 1700
<PAGE> PAGE 43
074 M000400 0
074 N000400 225015
074 O000400 0
074 P000400 105
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 415
074 S000400 0
074 T000400 224495
074 U010400 10665
074 U020400 2
074 V010400 21.05
074 V020400 21.02
074 W000400 0.0000
074 X000400 3
074 Y000400 6759
075 A000400 0
075 B000400 246456
076 000400 0.00
008 A000501 FRANKLIN ADVISERS, INC.
008 B000501 A
008 C000501 801-26292
008 D010501 SAN MATEO
008 D020501 CA
008 D030501 94404
008 D040501 1585
015 A000501 THE BANK OF NEW YORK
015 B000501 C
015 C010501 NEW YORK
015 C020501 NY
015 C030501 10286
015 E010501 X
015 A000502 BANKBOSTON, N.A.
015 B000502 S
015 C010502 BUENOS AIRES
015 D010502 ARGENTINA
015 E040502 X
015 A000503 NATIONAL AUSTRALIA BANK LTD.
015 B000503 S
015 C010503 MELBOURNE
015 D010503 AUSTRALIA
015 E040503 X
015 A000504 BANK AUSTRIA AG
015 B000504 S
015 C010504 VIENNA
015 D010504 AUSTRIA
015 E040504 X
015 A000505 DELETE
015 A000506 BANQUE BRUXELLES LAMBERT
<PAGE> PAGE 44
015 B000506 S
015 C010506 BRUSSELS
015 D010506 BELGIUM
015 E040506 X
015 A000507 DELETE
015 A000508 BANKBOSTON, N.A.
015 B000508 S
015 C010508 SAO PAULO
015 D010508 BRAZIL
015 E040508 X
015 A000509 ROYAL BANK OF CANADA
015 B000509 S
015 C010509 MONTREAL
015 D010509 CANADA
015 E040509 X
015 A000510 DELETE
015 A000511 DELETE
015 A000512 STANDARD CHARTERED BANK
015 B000512 S
015 C010512 SHANGHAI
015 D010512 CHINA
015 E040512 X
015 A000513 STANDARD CHARTERED BANK
015 B000513 S
015 C010513 SHENZHEN
015 D010513 CHINA
015 E040513 X
015 A000514 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B000514 S
015 C010514 PRAHA (PRAGUE)
015 D010514 CZECH REPUBLIC
015 E040514 X
015 A000515 DEN DANSKE BANK
015 B000515 S
015 C010515 COPENHAGEN
015 D010515 DENMARK
015 E040515 X
015 A000516 FIRST CHICAGO CLEARING CENTRE
015 B000516 S
015 C010516 LONDON
015 D010516 UNITED KINGDOM
015 E040516 X
015 A000517 CEDEL
015 B000517 S
015 C010517 LUXEMBOURG CITY
015 D010517 EUROMARKET
015 E040517 X
015 A000518 MERITA BANK PLC
015 B000518 S
015 C010518 HELSINKI
015 D010518 FINLAND
<PAGE> PAGE 45
015 E040518 X
015 A000519 BANQUE PARIBAS, S.A.
015 B000519 S
015 C010519 PARIS
015 D010519 FRANCE
015 E040519 X
015 A000520 EUROCLEAR OPERATIONS CENTRE
015 B000520 S
015 C010520 BRUSSELS
015 D010520 EUROMARKET
015 E040520 X
015 A000521 DRESDNER BANK AG
015 B000521 S
015 C010521 FRANKFURT/MAIN
015 D010521 GERMANY
015 E040521 X
015 A000522 DELETE
015 A000523 NATIONAL BANK OF GREECE SA
015 B000523 S
015 C010523 ATHENS
015 D010523 GREECE
015 E040523 X
015 A000524 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000524 S
015 C010524 HONG KONG
015 D010524 HONG KONG
015 E040524 X
015 A000525 DELETE
015 A000526 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000526 S
015 C010526 MUMBAI
015 D010526 INDIA
015 E040526 X
015 A000527 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000527 S
015 C010527 JAKARTA
015 D010527 INDONESIA
015 E040527 X
015 A000528 ALLIED IRISH BANKS PLC
015 B000528 S
015 C010528 DUBLIN
015 D010528 IRELAND
015 E040528 X
015 A000529 DELETE
015 A000530 BANCA COMMERCIALE ITALIANA
015 B000530 S
015 C010530 MILAN
015 D010530 ITALY
015 E040530 X
015 A000531 DELETE
015 A000532 DELETE
<PAGE> PAGE 46
015 A000533 BANK OF TOKYO MITSUBISHI
015 B000533 S
015 C010533 TOKYO
015 D010533 JAPAN
015 E040533 X
015 A000534 DELETE
015 A000535 DELETE
015 A000536 BANQUE ER CAISSE D'EPARGNE DE L'ETAT LUXEMBOU
015 B000536 S
015 C010536 LUXEMBOURG CITY
015 D010536 LUXEMBOURG
015 E040536 X
015 A000537 DELETE
015 A000538 HSBC BANK MALAYSIA BERHAD
015 B000538 S
015 C010538 KUALA LUMPUR
015 D010538 MALAYSIA
015 E040538 X
015 A000539 BANCO NACIONAL DE MEXICO
015 B000539 S
015 C010539 MEXICO CITY
015 D010539 MEXICO
015 E040539 X
015 A000540 DELETE
015 A000541 DELETE
015 A000542 DELETE
015 A000543 MEESPIERSON
015 B000543 S
015 C010543 AMSTERDAM
015 D010543 NETHERLANDS
015 E040543 X
015 A000544 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000544 S
015 C010544 WELLINGTON
015 D010544 NEW ZEALAND
015 E040544 X
015 A000545 DELETE
015 A000546 DEN NORSKE BANK ASA
015 B000546 S
015 C010546 OSLO
015 D010546 NORWAY
015 E040546 X
015 A000547 STANDARD CHARTERED BANK
015 B000547 S
015 C010547 KARACHI
015 D010547 PAKISTAN
015 E040547 X
015 A000548 CITIBANK, N.A.
015 B000548 S
015 C010548 LIMA
015 D010548 PERU
<PAGE> PAGE 47
015 E040548 X
015 A000549 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000549 S
015 C010549 PASIG CITY MANILA
015 D010549 PHILIPPINES
015 E040549 X
015 A000550 BANK HANDLOWY W WARSZAWIE S.A.
015 B000550 S
015 C010550 WARSAW
015 D010550 POLAND
015 E040550 X
015 A000551 BANCO COMERCIAL PORTUGUES, S.A.
015 B000551 S
015 C010551 LISBON
015 D010551 PORTUGAL
015 E040551 X
015 A000552 UNITED OVERSEAS BANK LTD
015 B000552 S
015 C010552 SINGAPORE
015 D010552 SINGAPORE
015 E040552 X
015 A000553 DELETE
015 A000554 DELETE
015 A000555 STANDARD CORPORATE AND MERCHANT BANK
015 B000555 S
015 C010555 JOHANNESBURG
015 D010555 SOUTH AFRICA
015 E040555 X
015 A000556 STANDARD CHARTERED BANK
015 B000556 S
015 C010556 SEOUL
015 D010556 SOUTH KOREA
015 E040556 X
015 A000557 BANCO BILBAO VIZCAYA
015 B000557 S
015 C010557 MADRID
015 D010557 SPAIN
015 E040557 X
015 A000558 STANDARD CHARTERED BANK
015 B000558 S
015 C010558 COLOMBO
015 D010558 SRI LANKA
015 E040558 X
015 A000559 DELETE
015 A000560 SKANDINAVISKA ENSKILDA BANKEN
015 B000560 S
015 C010560 STOCKHOLM
015 D010560 SWEDEN
015 E040560 X
015 A000561 DELETE
015 A000562 DELETE
<PAGE> PAGE 48
015 A000563 UBS AG
015 B000563 S
015 C010563 ZURICH
015 D010563 SWITZERLAND
015 E040563 X
015 A000564 STANDARD CHARTERED BANK
015 B000564 S
015 C010564 BANGKOK
015 D010564 THAILAND
015 E040564 X
015 A000565 DELETE
015 A000566 OSMANLI BANKASI A.S.
015 B000566 S
015 C010566 ISTANBUL
015 D010566 TURKEY
015 E040566 X
015 A000567 THE BANK OF NEW YORK
015 B000567 S
015 C010567 LONDON
015 D010567 UNITED KINGDOM
015 E040567 X
015 A000568 DELETE
015 A000569 DELETE
015 A000570 DELETE
015 A000571 STANBIC BANK ZAMBIA LTD.
015 B000571 S
015 C010571 LUSAKA
015 D010571 ZAMBIA
015 E040571 X
015 A000572 STANBIC BANK ZIMBABWE LTD.
015 B000572 S
015 C010572 HARARE
015 D010572 ZIMBABWE
015 E040572 X
015 A000573 DELETE
015 A000574 DELETE
024 000500 N
025 D000501 0
025 D000502 0
025 D000503 0
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 3365
028 A020500 0
028 A030500 0
028 A040500 21946
028 B010500 2276
028 B020500 0
<PAGE> PAGE 49
028 B030500 0
028 B040500 29109
028 C010500 2598
028 C020500 0
028 C030500 0
028 C040500 35454
028 D010500 2056
028 D020500 0
028 D030500 0
028 D040500 33704
028 E010500 2407
028 E020500 0
028 E030500 0
028 E040500 31923
028 F010500 2126
028 F020500 0
028 F030500 0
028 F040500 32084
028 G010500 14828
028 G020500 0
028 G030500 0
028 G040500 184220
028 H000500 0
037 000500 N
038 000500 0
039 000500 N
040 000500 Y
041 000500 Y
042 A000500 0
042 B000500 0
042 C000500 100
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 0
044 000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.000
048 A010500 100000
048 A020500 0.625
048 B010500 150000
048 B020500 0.500
048 C010500 9750000
048 C020500 0.450
048 D010500 2500000
048 D020500 0.440
048 E010500 2500000
<PAGE> PAGE 50
048 E020500 0.420
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 15000000
048 K020500 0.400
055 A000500 Y
055 B000500 N
056 000500 N
057 000500 N
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 5000
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 0.0
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 N
066 E000500 Y
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
<PAGE> PAGE 51
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 N
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 Y
070 N010500 Y
070 N020500 Y
070 O010500 N
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 387290
071 B000500 559334
071 C000500 879674
071 D000500 44
072 A000500 6
072 B000500 535
072 C000500 11971
072 D000500 0
072 E000500 0
072 F000500 2158
072 G000500 0
072 H000500 0
072 I000500 0
<PAGE> PAGE 52
072 J000500 55
072 K000500 24
072 L000500 30
072 M000500 3
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 15
072 S000500 5
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 24
072 X000500 2314
072 Y000500 0
072 Z000500 10192
072AA000500 133833
072BB000500 23409
072CC010500 0
072CC020500 45738
072DD010500 0
072DD020500 0
072EE000500 0
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 30928
074 C000500 0
074 D000500 0
074 E000500 14447
074 F000500 824712
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 25118
074 K000500 0
074 L000500 1854
074 M000500 0
074 N000500 897059
074 O000500 3638
074 P000500 352
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 829
074 S000500 0
074 T000500 892240
<PAGE> PAGE 53
074 U010500 40019
074 U020500 12
074 V010500 22.29
074 V020500 22.26
074 W000500 0.0000
074 X000500 3
074 Y000500 6828
075 A000500 0
075 B000500 911546
076 000500 0.00
008 A000601 FRANKLIN ADVISERS, INC.
008 B000601 A
008 C000601 801-26292
008 D010601 SAN MATEO
008 D020601 CA
008 D030601 94404
008 D040601 1585
015 A000601 THE BANK OF NEW YORK
015 B000601 C
015 C010601 NEW YORK
015 C020601 NY
015 C030601 10286
015 E010601 X
015 A000602 BANKBOSTON, N.A.
015 B000602 S
015 C010602 BUENOS AIRES
015 D010602 ARGENTINA
015 E040602 X
015 A000603 NATIONAL AUSTRALIA BANK LTD
015 B000603 S
015 C010603 MELBOURNE
015 D010603 AUSTRALIA
015 E040603 X
015 A000604 BANK AUSTRIA AG
015 B000604 S
015 C010604 VIENNA
015 D010604 AUSTRIA
015 E040604 X
015 A000605 DELETE
015 A000606 BANQUE BRUXELLES LAMBERT
015 B000606 S
015 C010606 BRUSSELS
015 D010606 BELGUIM
015 E040606 X
015 A000609 ROYAL BANK OF CANADA
015 B000609 S
015 C010609 MONTREAL
015 D010609 CANADA
015 E040609 X
015 A000612 STANDARD CHARTERED BANK
015 B000612 S
<PAGE> PAGE 54
015 C010612 SHANGHAI
015 D010612 CHINA
015 E040612 X
015 A000613 STANDARD CHARTERED BANK
015 B000613 S
015 C010613 SHENZHEN
015 D010613 CHINA
015 E040613 X
015 A000615 DEN DANSKE BANK
015 B000615 S
015 C010615 COPENHAGEN
015 D010615 DENMARK
015 E040615 X
015 A000618 MERITA BANK PLC
015 B000618 S
015 C010618 HELSINKI
015 D010618 FINLAND
015 E040618 X
015 A000619 BANQUE PARIBAS, S.A.
015 B000619 S
015 C010619 PARIS
015 D010619 FRANCE
015 E040619 X
015 A000620 DELETE
015 A000621 DRESDNER BANK AG
015 B000621 S
015 C010621 FRANKFURT/MAIN
015 D010621 GERMANY
015 E040621 X
015 A000624 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000624 S
015 C010624 HONG KONG
015 D010624 HONG KONG
015 E040624 X
015 A000627 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000627 S
015 C010627 JAKARTA
015 D010627 INDONESIA
015 E040627 X
015 A000628 ALLIED IRISH BANKS PLC
015 B000628 S
015 C010628 DUBLIN
015 D010628 IRELAND
015 E040628 X
015 A000633 BANK OF TOKYO MITSUBISHI
015 B000633 S
015 C010633 TOKYO
015 D010633 JAPAN
015 E040633 X
015 A000634 DELETE
015 A000636 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEMBOU
<PAGE> PAGE 55
015 B000636 S
015 C010636 LUXEMBOURG CITY
015 D010636 LUXEMBOURG
015 E040636 X
015 A000638 HSBC BANK MALAYSIA BERHAD
015 B000638 S
015 C010638 KUALA LUMPUR
015 D010638 MALAYSIA
015 E040638 X
015 A000639 BANCO NACIONAL DE MEXICO
015 B000639 S
015 C010639 MEXICO CITY
015 D010639 MEXICO
015 E040639 X
015 A000642 MEESPIERSON
015 B000642 S
015 C010642 AMSTERDAM
015 D010642 NETHERLANDS
015 E040642 X
015 A000644 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000644 S
015 C010644 WELLINGTON
015 D010644 NEW ZEALAND
015 E040644 X
015 A000647 STANDARD CHARTERED BANK
015 B000647 S
015 C010647 KARACHI
015 D010647 PAKISTAN
015 E040647 X
015 A000650 BANCO COMERCIAL PORTUGUES, S.A.
015 B000650 S
015 C010650 LISBON
015 D010650 PORTUGAL
015 E040650 X
015 A000651 UNITED OVERSEAS BANK LTD
015 B000651 S
015 C010651 SINGAPORE
015 D010651 SINGAPORE
015 E040651 X
015 A000652 DELETE
015 A000654 STANDARD CORPORATE AND MERCHANT BANK
015 B000654 S
015 C010654 JOHANNESBURG
015 D010654 SOUTH AFRICA
015 E040654 X
015 A000656 BANCO BILBAO VIZCAYA
015 B000656 S
015 C010656 MADRID
015 D010656 SPAIN
015 E040656 X
015 A000657 STANDARD CHARTERED BANK
<PAGE> PAGE 56
015 B000657 S
015 C010657 COLOMBO
015 D010657 SRI LANKA
015 E040657 X
015 A000659 SKANDINAVISKA ENSKILDA BANKEN
015 B000659 S
015 C010659 STOCKHOLM
015 D010659 SWEDEN
015 E040659 X
015 A000660 UBS AG
015 B000660 S
015 C010660 ZURICH
015 D010660 SWITZERLAND
015 E040660 X
015 A000661 DELETE
015 A000663 STANDARD CHARTERED BANK
015 B000663 S
015 C010663 BANGKOK
015 D010663 THAILAND
015 E040663 X
015 A000664 DELETE
015 A000665 OSMANLI BANKASI A.S.
015 B000665 S
015 C010665 ISTANBUL
015 D010665 TURKEY
015 E040665 X
015 A000666 THE BANK OF NEW YORK
015 B000666 S
015 C010666 LONDON
015 D010666 UNITED KINGDOM
015 E040666 X
015 A000667 FIRST CHICAGO CLEARING CENTRE
015 B000667 S
015 C010667 LONDON
015 D010667 UNITED KINGDOM
015 E040667 X
015 A000670 STANBIC BANK ZAMBIA LTD.
015 B000670 S
015 C010670 LUSAKA
015 D010670 ZAMBIA
015 E040670 X
015 A000671 STANBIC BANK ZIMBABWE LTD.
015 B000671 S
015 C010671 HARARE
015 D010671 ZIMBABWE
015 E040671 X
015 A000672 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000672 S
015 C010672 PASIG CITY MANILA
015 D010672 PHILIPPINES
015 E040672 X
<PAGE> PAGE 57
015 A000673 DELETE
015 A000674 CEDEL
015 B000674 S
015 C010674 LUXEMBOURG CITY
015 D010674 EUROMARKET
015 E040674 X
015 A000675 EUROCLEAR OPERATIONS CENTRE
015 B000675 S
015 C010675 BRUSSELS
015 D010675 EUROMARKET
015 E040675 X
024 000600 N
025 D000601 0
025 D000602 0
025 D000603 0
025 D000604 0
025 D000605 0
025 D000606 0
025 D000607 0
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028 A040600 17701
028 B010600 10710
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028 C030600 0
028 C040600 28807
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028 D040600 24833
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028 F030600 0
028 F040600 16705
028 G010600 95697
028 G020600 0
028 G030600 0
028 G040600 164597
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037 000600 N
038 000600 0
<PAGE> PAGE 58
039 000600 N
040 000600 Y
041 000600 Y
042 A000600 0
042 B000600 0
042 C000600 100
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 0
044 000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.000
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048 B010600 150000
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048 C010600 9750000
048 C020600 0.450
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048 E010600 2500000
048 E020600 0.420
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048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 15000000
048 K020600 0.400
055 A000600 Y
055 B000600 N
056 000600 N
057 000600 N
058 A000600 N
059 000600 Y
060 A000600 Y
060 B000600 Y
061 000600 5000
062 A000600 Y
062 B000600 0.0
062 C000600 0.0
<PAGE> PAGE 59
062 D000600 0.3
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 97.6
062 Q000600 0.0
062 R000600 0.6
063 A000600 0
063 B000600 3.6
064 A000600 N
064 B000600 Y
065 000600 N
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 Y
070 K010600 N
070 K020600 N
070 L010600 Y
070 L020600 Y
070 M010600 Y
070 M020600 Y
<PAGE> PAGE 60
070 N010600 Y
070 N020600 N
070 O010600 N
070 O020600 N
070 P010600 Y
070 P020600 Y
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 57570
071 B000600 94240
071 C000600 412658
071 D000600 14
072 A000600 6
072 B000600 22958
072 C000600 52
072 D000600 0
072 E000600 0
072 F000600 1077
072 G000600 0
072 H000600 0
072 I000600 0
072 J000600 5
072 K000600 20
072 L000600 17
072 M000600 2
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072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 7
072 S000600 4
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072 V000600 0
072 W000600 20
072 X000600 1152
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072 Z000600 21858
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072CC010600 0
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<PAGE> PAGE 61
074 A000600 0
074 B000600 1034
074 C000600 0
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074 E000600 1545
074 F000600 856
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074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 8535
074 M000600 0
074 N000600 386723
074 O000600 2500
074 P000600 162
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 249
074 S000600 0
074 T000600 383812
074 U010600 28536
074 U020600 8
074 V010600 13.45
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075 B000600 427217
076 000600 0.00
008 A000701 FRANKLIN ADVISERS, INC.
008 B000701 A
008 C000701 801-26292
008 D010701 SAN MATEO
008 D020701 CA
008 D030701 94404
008 D040701 1585
008 A000702 TEMPLETON INVESTMENT COUNSEL, INC.
008 B000702 S
008 C000702 801-15125
008 D010702 FT. LAUDERDALE
008 D020702 FL
008 D030702 33394
008 D040702 3091
015 A000701 THE BANK OF NEW YORK
015 B000701 C
015 C010701 NEW YORK
015 C020701 NY
<PAGE> PAGE 62
015 C030701 10286
015 E010701 X
015 A000702 BANKBOSTON, N.A.
015 B000702 S
015 C010702 BUENOS AIRES
015 D010702 ARGENTINA
015 E040702 X
015 A000703 NATIONAL AUSTRALIA BANK LTD
015 B000703 S
015 C010703 MELBOURNE
015 D010703 AUSTRALIA
015 E040703 X
015 A000704 BANK AUSTRIA AG
015 B000704 S
015 C010704 VIENNA
015 D010704 AUSTRIA
015 E040704 X
015 A000705 STANDARD CHARTERED BANK PLC
015 B000705 S
015 C010705 DHAKA
015 D010705 BANGLADESH
015 E040705 X
015 A000706 BANQUE BRUXELLES LAMBERT
015 B000706 S
015 C010706 BRUSSELS
015 D010706 BELGIUM
015 E040706 X
015 A000707 DELETE
015 A000708 BANKBOSTON, N.A.
015 B000708 S
015 C010708 SAO PAULO
015 D010708 BRAZIL
015 E040708 X
015 A000709 ROYAL BANK OF CANADA
015 B000709 S
015 C010709 MONTREAL
015 D010709 CANADA
015 E040709 X
015 A000710 DELETE
015 A000711 DELETE
015 A000712 STANDARD CHARTERED BANK
015 B000712 S
015 C010712 SHANGHAI
015 D010712 CHINA
015 E040712 X
015 A000713 STANDARD CHARTERED BANK
015 B000713 S
015 C010713 SHENZHEN
015 D010713 CHINA
015 E040713 X
015 A000714 CESKOSLOVENSKA OBCHODNI BANKA A.S.
<PAGE> PAGE 63
015 B000714 S
015 C010714 PRAHA (PRAGUE)
015 D010714 CZECH REPUBLIC
015 E040714 X
015 A000715 DEN DANSKE BANK
015 B000715 S
015 C010715 COPENHAGEN
015 D010715 DENMARK
015 E040715 X
015 A000716 EUROCLEAR OPERATIONS CENTRE
015 B000716 S
015 C010716 BRUSSELS
015 D010716 EUROMARKET
015 E040716 X
015 A000717 CEDEL
015 B000717 S
015 C010717 LUXEMBOURG CITY
015 D010717 EUROMARKET
015 E040717 X
015 A000718 MERITA BANK PLC
015 B000718 S
015 C010718 HELSINKI
015 D010718 FINLAND
015 E040718 X
015 A000719 BANQUE PARIBAS S.A.
015 B000719 S
015 C010719 PARIS
015 D010719 FRANCE
015 E040719 X
015 A000720 FIRST CHICAGO CLEARING CENTRE
015 B000720 S
015 C010720 LONDON
015 D010720 UNITED KINGDOM
015 E040720 X
015 A000721 DRESDNER BANK AG
015 B000721 S
015 C010721 FRANKFURT/MAIN
015 D010721 GERMANY
015 E040721 X
015 A000722 DELETE
015 A000723 DELETE
015 A000724 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000724 S
015 C010724 HONG KONG
015 D010724 HONG KONG
015 E040724 X
015 A000725 DELETE
015 A000726 DELETE
015 A000727 THE HONGKONG AND SHANGHAI BANKING CORP. LTD
015 B000727 S
015 C010727 JAKARTA
<PAGE> PAGE 64
015 D010727 INDONESIA
015 E040727 X
015 A000728 ALLIED IRISH BANKS PLC
015 B000728 S
015 C010728 DUBLIN
015 D010728 IRELAND
015 E040728 X
015 A000729 DELETE
015 A000730 DELETE
015 A000731 DELETE
015 A000732 DELETE
015 A000733 BANK OF TOKYO MITSUBISHI
015 B000733 S
015 C010733 TOKYO
015 D010733 JAPAN
015 E040733 X
015 A000734 DELETE
015 A000735 DELETE
015 A000736 DELETE
015 A000737 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEMBOU
015 B000737 S
015 C010737 LUXEMBOURG CITY
015 D010737 LUXEMBOURG
015 E040737 X
015 A000738 HSBC BANK MALAYSIA BERHAD
015 B000738 S
015 C010738 KUALA LUMPUR
015 D010738 MALAYSIA
015 E040738 X
015 A000739 BANCO NACIONAL DE MEXICO
015 B000739 S
015 C010739 MEXICO CITY
015 D010739 MEXICO
015 E040739 X
015 A000740 DELETE
015 A000741 DELETE
015 A000742 DELETE
015 A000743 MEESPIERSON
015 B000743 S
015 C010743 AMSTERDAM
015 D010743 NETHERLANDS
015 E040743 X
015 A000744 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000744 S
015 C010744 WELLINGTON
015 D010744 NEW ZEALAND
015 E040744 X
015 A000745 DELETE
015 A000746 DELETE
015 A000747 STANDARD CHARTERED BANK
015 B000747 S
<PAGE> PAGE 65
015 C010747 KARACHI
015 D010747 PAKISTAN
015 E040747 X
015 A000748 CITIBANK, N.A.
015 B000748 S
015 C010748 LIMA
015 D010748 PERU
015 E040748 X
015 A000749 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000749 S
015 C010749 PASIG CITY MANILA
015 D010749 PHILIPPINES
015 E040749 X
015 A000750 BANK HANDLOWY W WARSZAWIE, S.A.
015 B000750 S
015 C010750 WARSAW
015 D010750 POLAND
015 E040750 X
015 A000751 BANCO COMERCIAL PORTUGUES, S.A.
015 B000751 S
015 C010751 LISBON
015 D010751 PORTUGAL
015 E040751 X
015 A000752 UNITED OVERSEAS BANK LTD.
015 B000752 S
015 C010752 SINGAPORE
015 D010752 SINGAPORE
015 E040752 X
015 A000753 DELETE
015 A000754 DELETE
015 A000755 STANDARD CORPORATE AND MERCHANT BANK
015 B000755 S
015 C010755 JOHANNESBURG
015 D010755 SOUTH AFRICA
015 E040755 X
015 A000756 STANDARD CHARTERED BANK
015 B000756 S
015 C010756 SEOUL
015 D010756 SOUTH KOREA
015 E040756 X
015 A000757 BANCO BILBAO VIZCAYA
015 B000757 S
015 C010757 MADRID
015 D010757 SPAIN
015 E040757 X
015 A000758 STANDARD CHARTERED BANK
015 B000758 S
015 C010758 COLOMBO
015 D010758 SRI LANKA
015 E040758 X
015 A000759 DELETE
<PAGE> PAGE 66
015 A000760 SKANDINAVISKA ENSKILDA BANKEN
015 B000760 S
015 C010760 STOCKHOLM
015 D010760 SWEDEN
015 E040760 X
015 A000761 UBS AG
015 B000761 S
015 C010761 ZURICH
015 D010761 SWITZERLAND
015 E040761 X
015 A000762 DELETE
015 A000763 DELETE
015 A000764 STANDARD CHARTERED BANK
015 B000764 S
015 C010764 BANGKOK
015 D010764 THAILAND
015 E040764 X
015 A000765 DELETE
015 A000766 OSMANLI BANKASI A.S.
015 B000766 S
015 C010766 ISTANBUL
015 D010766 TURKEY
015 E040766 X
015 A000767 THE BANK OF NEW YORK
015 B000767 S
015 C010767 LONDON
015 D010767 UNITED KINGDOM
015 E040767 X
015 A000768 DELETE
015 A000769 DELETE
015 A000770 CITIBANK, N.A.
015 B000770 S
015 C010770 CARACAS
015 D010770 VENEZUELA
015 E040770 X
015 A000771 STANBIC BANK ZAMBIA LTD.
015 B000771 S
015 C010771 LUSAKA
015 D010771 ZAMBIA
015 E040771 X
015 A000772 STANBIC BANK ZIMBABWE LTD.
015 B000772 S
015 C010772 HARARE
015 D010772 ZIMBABWE
015 E040772 X
015 A000773 DELETE
024 000700 N
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<PAGE> PAGE 67
025 D000705 0
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028 G030700 0
028 G040700 37669
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038 000700 0
039 000700 N
040 000700 Y
041 000700 Y
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042 B000700 0
042 C000700 100
042 D000700 0
042 E000700 0
042 F000700 0
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042 H000700 0
043 000700 0
044 000700 0
045 000700 Y
046 000700 N
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<PAGE> PAGE 68
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048 A010700 100000
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048 K010700 15000000
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056 000700 Y
057 000700 N
058 A000700 N
059 000700 Y
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060 B000700 N
061 000700 5000
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<PAGE> PAGE 69
063 B000700 10.9
064 A000700 N
064 B000700 N
066 A000700 N
067 000700 N
068 A000700 N
068 B000700 Y
069 000700 N
070 A010700 Y
070 A020700 Y
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070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 N
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 Y
070 N010700 Y
070 N020700 N
070 O010700 N
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 50785
071 B000700 71308
071 C000700 127620
071 D000700 40
072 A000700 6
072 B000700 4132
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<PAGE> PAGE 70
072 D000700 0
072 E000700 0
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<PAGE> PAGE 71
074 R010700 0
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075 B000700 128753
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008 A000801 DELETE
015 A000801 BANK OF NEW YORK
015 B000801 C
015 C010801 NEW YORK
015 C020801 NY
015 C030801 10286
015 E010801 X
015 A000802 THE BANK OF BOSTON
015 B000802 S
015 C010802 BUENOS AIRES
015 D010802 ARGENTINA
015 E040802 X
015 A000803 AUSTRALIA AND NEW ZEALAND BANKING CORP. LTD.
015 B000803 S
015 C010803 MELBOURNE
015 D010803 AUSTRALIA
015 E040803 X
015 A000804 CREDITANSTALT-BANKVEREIN
015 B000804 S
015 C010804 VIENNA
015 D010804 AUSTRIA
015 E040804 X
015 A000805 STANDARD CHARTERED BANK PLC
015 B000805 S
015 C010805 DHAKA
015 D010805 BANGLADESH
015 E040805 X
015 A000806 BANQUE BRUXELLES LAMBERT
015 B000806 S
015 C010806 BRUSSELS
015 D010806 BELGIUM
015 E040806 X
015 A000807 STANBIC BANK BOTSWANA LIMITED
015 B000807 S
015 C010807 GABORONE
<PAGE> PAGE 72
015 D010807 BOTSWANA
015 E040807 X
015 A000808 THE FIRST NATIONAL BANK OF BOSTON
015 B000808 S
015 C010808 SAO PAULO
015 D010808 BRAZIL
015 E040808 X
015 A000809 ROYAL BANK OF CANADA
015 B000809 S
015 C010809 MONTREAL
015 D010809 CANADA
015 E040809 X
015 A000810 THE FIRST NATIONAL BANK OF BOSTON
015 B000810 S
015 C010810 SANTIAGO
015 D010810 CHILE
015 E040810 X
015 A000811 BANCO DE CHILE
015 B000811 S
015 C010811 SANTIAGO
015 D010811 CHILE
015 E040811 X
015 A000812 THE STANDARD CHARTERED BANK, HONG KONG
015 B000812 S
015 C010812 HONG KONG
015 D010812 CHINA
015 E040812 X
015 A000813 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B000813 S
015 C010813 BOGOTA
015 D010813 COLOMBIA
015 E040813 X
015 A000814 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000814 S
015 C010814 PRAGUE
015 D010814 CZECH REPUBLIC
015 E040814 X
015 A000815 DEN DANSKE BANK
015 B000815 S
015 C010815 COPENHAGEN
015 D010815 DENMARK
015 E040815 X
015 A000816 CITIBANK, N.A.
015 B000816 S
015 C010816 QUITO
015 D010816 ECUADOR
015 E040816 X
015 A000817 CITIBANK, N.A.
015 B000817 S
015 C010817 CAIRO
015 D010817 EGYPT
<PAGE> PAGE 73
015 E040817 X
015 A000818 MERITA BANK LTD.
015 B000818 S
015 C010818 HELSINKI
015 D010818 FINLAND
015 E040818 X
015 A000819 BANQUE PARIBAS
015 B000819 S
015 C010819 PARIS
015 D010819 FRANCE
015 E040819 X
015 A000820 CREDIT COMMERCIAL DE FRANCE
015 B000820 S
015 C010820 PARIS
015 D010820 FRANCE
015 E040820 X
015 A000821 DRESDNER BANK A.G.
015 B000821 S
015 C010821 FRANKFURT
015 D010821 GERMANY
015 E040821 X
015 A000822 MERCHANT BANK LIMITED
015 B000822 S
015 C010822 ACCRA
015 D010822 GHANA
015 E040822 X
015 A000823 NATIONAL BANK OF GREECE
015 B000823 S
015 C010823 ATHENS
015 D010823 GREECE
015 E040823 X
015 A000824 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000824 S
015 C010824 HONG KONG
015 D010824 HONG KONG
015 E040824 X
015 A000825 CITIBANK BUDAPEST RT.
015 B000825 S
015 C010825 BUDAPEST
015 D010825 HUNGARY
015 E040825 X
015 A000826 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000826 S
015 C010826 MUMBAI
015 D010826 INDIA
015 E040826 X
015 A000827 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000827 S
015 C010827 JAKARTA
015 D010827 INDONESIA
015 E040827 X
<PAGE> PAGE 74
015 A000828 ALLIED IRISH BANKS, PLC
015 B000828 S
015 C010828 DUBLIN
015 D010828 IRELAND
015 E040828 X
015 A000829 BANK LEUMI LE-ISRAEL, B.M.
015 B000829 S
015 C010829 TEL AVIV
015 D010829 ISRAEL
015 E040829 X
015 A000830 BANCA COMMERCIALE ITALIANA
015 B000830 S
015 C010830 MILAN
015 D010830 ITALY
015 E040830 X
015 A000831 BANQUE PARIBAS
015 B000831 S
015 C010831 MILAN
015 D010831 ITALY
015 E040831 X
015 A000832 JASDEC
015 B000832 S
015 C010832 TOKYO
015 D010832 JAPAN
015 E040832 X
015 A000833 BANK OF TOKYO MITSUBISHI
015 B000833 S
015 C010833 TOKYO
015 D010833 JAPAN
015 E040833 X
015 A000834 THE BRITISH BANK OF THE MIDDLE EAST
015 B000834 S
015 C010834 AMMAN
015 D010834 JORDAN
015 E040834 X
015 A000835 STANBIC BANK KENYA LIMITED
015 B000835 S
015 C010835 NAIROBI
015 D010835 KENYA
015 E040835 X
015 A000836 CEDEL
015 B000836 S
015 C010836 LUXEMBOURG CITY
015 D010836 LUXEMBOURG
015 E040836 X
015 A000837 BANQUE INTERNATIONALE A LUXEMBOURG
015 B000837 S
015 C010837 LUXEMBOURG CITY
015 D010837 LUXEMBOURG
015 E040837 X
015 A000838 THE HONGKONG BANK MALAYSIA BERHAD
<PAGE> PAGE 75
015 B000838 S
015 C010838 KUALA LUMPUR
015 D010838 MALAYSIA
015 E040838 X
015 A000839 BANCO NACIONAL DE MEXICO
015 B000839 S
015 C010839 MEXICO CITY
015 D010839 MEXICO
015 E040839 X
015 A000840 BANQUE COMMERCIALE DU MAROC
015 B000840 S
015 C010840 CASABLANCA
015 D010840 MOROCCO
015 E040840 X
015 A000841 STANBIC BANK NAMIBIA LIMITED
015 B000841 S
015 C010841 WINDHOEK
015 D010841 NAMIBIA
015 E040841 X
015 A000842 KAS-ASSOCIATIE NV
015 B000842 S
015 C010842 AMSTERDAM
015 D010842 NETHERLANDS
015 E040842 X
015 A000843 MEESPIERSON NV
015 B000843 S
015 C010843 AMSTERDAM
015 D010843 NETHERLANDS
015 E040843 X
015 A000844 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000844 S
015 C010844 WELLINGTON
015 D010844 NEW ZEALAND
015 E040844 X
015 A000845 STANBIC MERCHANT BANK NIGERIA LIMITED
015 B000845 S
015 C010845 LAGOS
015 D010845 NIGERIA
015 E040845 X
015 A000846 DEN NORSKE BANK
015 B000846 S
015 C010846 OSLO
015 D010846 NORWAY
015 E040846 X
015 A000847 STANDARD CHARTERED BANK
015 B000847 S
015 C010847 KARACHI
015 D010847 PAKISTAN
015 E040847 X
015 A000848 CITIBANK, N.A.
015 B000848 S
<PAGE> PAGE 76
015 C010848 LIMA
015 D010848 PERU
015 E040848 X
015 A000849 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000849 S
015 C010849 MANILA
015 D010849 PHILIPPINES
015 E040849 X
015 A000850 BANK HANDLOWY W. WARZAWIE, S.A.
015 B000850 S
015 C010850 WARSAW
015 D010850 POLAND
015 E040850 X
015 A000851 BANCO COMERCIAL PORTUGUES
015 B000851 S
015 C010851 LISBON
015 D010851 PORTUGAL
015 E040851 X
015 A000852 UNITED OVERSEAS BANK LIMITED
015 B000852 S
015 C010852 SINGAPORE
015 D010852 SINGAPORE
015 E040852 X
015 A000853 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B000853 S
015 C010853 SINGAPORE
015 D010853 SINGAPORE
015 E040853 X
015 A000854 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000854 S
015 C010854 BRATISLAVA
015 D010854 SLOVAK REPUBLIC
015 E040854 X
015 A000855 STANDARD CORPORATE AND MERCHANT BANK
015 B000855 S
015 C010855 JOHANNESBURG
015 D010855 SOUTH AFRICA
015 E040855 X
015 A000856 SEOULBANK
015 B000856 S
015 C010856 SEOUL
015 D010856 SOUTH KOREA
015 E040856 X
015 A000857 BANCO BILBAO VIZCAYA
015 B000857 S
015 C010857 MADRID
015 D010857 SPAIN
015 E040857 X
015 A000858 STANDARD CHARTERED BANK
015 B000858 S
015 C010858 COLOMBO
<PAGE> PAGE 77
015 D010858 SRI LANKA
015 E040858 X
015 A000859 STANBIC BANK SWAZILAND LTD.
015 B000859 S
015 C010859 MBABANE
015 D010859 SWAZILAND
015 E040859 X
015 A000860 SKANDINAVISKA ENSKILDA BANKEN
015 B000860 S
015 C010860 STOCKHOLM
015 D010860 SWEDEN
015 E040860 X
015 A000861 UNION BANK OF SWITZERLAND
015 B000861 S
015 C010861 ZURICH
015 D010861 SWITZERLAND
015 E040861 X
015 A000862 BANK LEU LTD.
015 B000862 S
015 C010862 ZURICH
015 D010862 SWITZERLAND
015 E040862 X
015 A000863 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000863 S
015 C010863 TAIPEI
015 D010863 TAIWAN
015 E040863 X
015 A000864 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LTD.
015 B000864 S
015 C010864 BANGKOK
015 D010864 THAILAND
015 E040864 X
015 A000865 BANGKOK BANK PUBLIC COMPANY LTD.
015 B000865 S
015 C010865 BANGKOK
015 D010865 THAILAND
015 E040865 X
015 A000866 CITIBANK, N.A.
015 B000866 S
015 C010866 ISTANBUL
015 D010866 TURKEY
015 E040866 X
015 A000867 THE BANK OF NEW YORK
015 B000867 S
015 C010867 LONDON
015 D010867 UNITED KINGDOM
015 E040867 X
015 A000868 FIRST CHICHAGO CLEARING CENTRE
015 B000868 S
015 C010868 LONDON
015 D010868 UNITED KINGDOM
<PAGE> PAGE 78
015 E040868 X
015 A000869 THE FIRST NATIONAL BANK OF BOSTON
015 B000869 S
015 C010869 MONTEVIDEO
015 D010869 URUGUAY
015 E040869 X
015 A000870 CITIBANK, N.A.
015 B000870 S
015 C010870 CARACAS
015 D010870 VENEZUELA
015 E040870 X
015 A000871 STANBIC BANK ZAMBIA LIMITED
015 B000871 S
015 C010871 LUSAKA
015 D010871 ZAMBIA
015 E040871 X
015 A000872 STANBIC BANK ZIMBABWE LIMITED
015 B000872 S
015 C010872 HARARE
015 D010872 ZIMBABWE
015 E040872 X
025 D000801 0
025 D000802 0
025 D000803 0
025 D000804 0
025 D000805 0
025 D000806 0
025 D000807 0
025 D000808 0
028 A010800 3423
028 A020800 0
028 A030800 0
028 A040800 2695
028 B010800 1522
028 B020800 0
028 B030800 0
028 B040800 5893
028 C010800 1463
028 C020800 0
028 C030800 0
028 C040800 9690
028 D010800 265
028 D020800 0
028 D030800 0
028 D040800 153093
028 E010800 0
028 E020800 0
028 E030800 0
028 E040800 0
028 F010800 0
028 F020800 0
<PAGE> PAGE 79
028 F030800 0
028 F040800 0
028 G010800 6673
028 G020800 0
028 G030800 0
028 G040800 171371
028 H000800 0
038 000800 0
042 A000800 0
042 B000800 0
042 C000800 0
042 D000800 0
042 E000800 0
042 F000800 0
042 G000800 0
042 H000800 0
043 000800 0
044 000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.000
048 A010800 100000
048 A020800 0.625
048 B010800 150000
048 B020800 0.500
048 C010800 9750000
048 C020800 0.450
048 D010800 2500000
048 D020800 0.440
048 E010800 2500000
048 E020800 0.420
048 F010800 0
048 F020800 0.000
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 15000000
048 K020800 0.400
055 B000800 N
056 000800 N
057 000800 N
058 A000800 Y
058 B000800 Y
058 C000800 Y
058 D000800 Y
<PAGE> PAGE 80
058 E000800 N
059 000800 Y
060 A000800 Y
060 B000800 Y
061 000800 2000
062 A000800 Y
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 0
063 B000800 0.0
064 A000800 N
064 B000800 N
066 A000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 Y
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 Y
070 I020800 N
070 J010800 Y
<PAGE> PAGE 81
070 J020800 N
070 K010800 N
070 K020800 N
070 L010800 Y
070 L020800 N
070 M010800 Y
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 N
070 O020800 N
070 P010800 Y
070 P020800 Y
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 0
071 B000800 0
071 C000800 0
071 D000800 0
072 A000800 12
072 B000800 0
072 C000800 0
072 D000800 0
072 E000800 0
072 F000800 0
072 G000800 0
072 H000800 0
072 I000800 0
072 J000800 0
072 K000800 0
072 L000800 0
072 M000800 0
072 N000800 0
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 0
072 S000800 0
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 0
072 X000800 0
072 Y000800 0
072 Z000800 0
072AA000800 0
072BB000800 0
072CC010800 0
072CC020800 0
<PAGE> PAGE 82
072DD010800 0
072DD020800 0
072EE000800 0
073 A010800 0.0000
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 0
074 B000800 0
074 C000800 0
074 D000800 0
074 E000800 0
074 F000800 0
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 0
074 L000800 0
074 M000800 0
074 N000800 0
074 O000800 0
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 0
074 S000800 0
074 T000800 0
074 U010800 0
074 U020800 0
074 V010800 0.00
074 V020800 0.00
074 W000800 0.0000
074 X000800 0
074 Y000800 0
075 A000800 0
075 B000800 0
076 000800 0.00
008 A000901 FRANKLIN ADVISERS, INC.
008 B000901 A
008 C000901 801-26292
008 D010901 SAN MATEO
008 D020901 CA
008 D030901 94404
008 D040901 1585
015 A000901 THE BANK OF NEW YORK
015 B000901 C
015 C010901 NEW YORK
015 C020901 NY
<PAGE> PAGE 83
015 C030901 10286
015 E010901 X
015 A000902 BANKBOSTON, N.A.
015 B000902 S
015 C010902 BUENOS AIRES
015 D010902 ARGENTINA
015 E040902 X
015 A000903 NATIONAL AUSTRALIA BANK LTD.
015 B000903 S
015 C010903 MELBOURNE
015 D010903 AUSTRALIA
015 E040903 X
015 A000904 BANK AUSTRIA AG
015 B000904 S
015 C010904 VIENNA
015 D010904 AUSTRIA
015 E040904 X
015 A000905 DELETE
015 A000906 BANQUE BRUXELLES LAMBERT
015 B000906 S
015 C010906 BRUSSELS
015 D010906 BELGIUM
015 E040906 X
015 A000907 DELETE
015 A000908 BANKBOSTON, N.A.
015 B000908 S
015 C010908 SAO PAULO
015 D010908 BRAZIL
015 E040908 X
015 A000909 ROYAL BANK OF CANADA
015 B000909 S
015 C010909 MONTREAL
015 D010909 CANADA
015 E040909 X
015 A000910 DELETE
015 A000911 DELETE
015 A000912 STANDARD CHARTERED BANK
015 B000912 S
015 C010912 SHANGHAI
015 D010912 CHINA
015 E040912 X
015 A000913 STANDARD CHARTERED BANK
015 B000913 S
015 C010913 SHENZHEN
015 D010913 CHINA
015 E040913 X
015 A000914 DELETE
015 A000915 DEN DANSKE BANK
015 B000915 S
015 C010915 COPENHAGEN
015 D010915 DENMARK
<PAGE> PAGE 84
015 E040915 X
015 A000916 CEDEL
015 B000916 S
015 C010916 LUXEMBOURG CITY
015 D010916 EUROMARKET
015 E040916 X
015 A000917 EUROCLEAR OPERATIONS CENTRE
015 B000917 S
015 C010917 BRUSSELS
015 D010917 EUROMARKET
015 E040917 X
015 A000918 MERITA BANK PLC
015 B000918 S
015 C010918 HELSINKI
015 D010918 FINLAND
015 E040918 X
015 A000919 BANQUE PARIBAS, S.A.
015 B000919 S
015 C010919 PARIS
015 D010919 FRANCE
015 E040919 X
015 A000920 DELETE
015 A000921 DRESDNER BANK AG
015 B000921 S
015 C010921 FRANKFURT/MAIN
015 D010921 GERMANY
015 E040921 X
015 A000922 DELETE
015 A000923 DELETE
015 A000924 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000924 S
015 C010924 HONG KONG
015 D010924 HONG KONG
015 E040924 X
015 A000925 DELETE
015 A000926 DELETE
015 A000927 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000927 S
015 C010927 JAKARTA
015 D010927 INDONESIA
015 E040927 X
015 A000928 ALLIED IRISH BANKS PLC
015 B000928 S
015 C010928 DUBLIN
015 D010928 IRELAND
015 E040928 X
015 A000929 DELETE
015 A000930 DELETE
015 A000931 DELETE
015 A000932 DELETE
015 A000933 BANK OF TOKYO MITSUBISHI
<PAGE> PAGE 85
015 B000933 S
015 C010933 TOKYO
015 D010933 JAPAN
015 E040933 X
015 A000934 DELETE
015 A000935 DELETE
015 A000936 DELETE
015 A000937 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEMBOU
015 B000937 S
015 C010937 LUXEMBOURG CITY
015 D010937 LUXEMBOURG
015 E040937 X
015 A000938 HSBC BANK MALAYSIA BERHAD
015 B000938 S
015 C010938 KUALA LUMPUR
015 D010938 MALAYSIA
015 E040938 X
015 A000939 BANCO NACIONAL DE MEXICO
015 B000939 S
015 C010939 MEXICO CITY
015 D010939 MEXICO
015 E040939 X
015 A000940 DELETE
015 A000941 DELETE
015 A000942 DELETE
015 A000943 MEESPIERSON
015 B000943 S
015 C010943 AMSTERDAM
015 D010943 NETHERLANDS
015 E040943 X
015 A000944 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000944 S
015 C010944 WELLINGTON
015 D010944 NEW ZEALAND
015 E040944 X
015 A000945 DELETE
015 A000946 DELETE
015 A000947 STANDARD CHARTERED BANK
015 B000947 S
015 C010947 KARACHI
015 D010947 PAKISTAN
015 E040947 X
015 A000948 CITIBANK, N.A.
015 B000948 S
015 C010948 LIMA
015 D010948 PERU
015 E040948 X
015 A000949 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000949 S
015 C010949 PASIG CITY MANILA
015 D010949 PHILIPPINES
<PAGE> PAGE 86
015 E040949 X
015 A000950 DELETE
015 A000951 BANCO COMERCIAL PORTUGUES, S.A.
015 B000951 S
015 C010951 LISBON
015 D010951 PORTUGAL
015 E040951 X
015 A000952 UNITED OVERSEAS BANK LTD.
015 B000952 S
015 C010952 SINGAPORE
015 D010952 SINGAPORE
015 E040952 X
015 A000953 DELETE
015 A000954 DELETE
015 A000955 STANDARD CORPORATE AND MERCHANT BANK
015 B000955 S
015 C010955 JOHANNESBURG
015 D010955 SOUTH AFRICA
015 E040955 X
015 A000956 DELETE
015 A000957 BANCO BILBAO VIZCAYA
015 B000957 S
015 C010957 MADRID
015 D010957 SPAIN
015 E040957 X
015 A000958 STANDARD CHARTERED BANK
015 B000958 S
015 C010958 COLOMBO
015 D010958 SRI LANKA
015 E040958 X
015 A000959 DELETE
015 A000960 SKANDINAVISKA ENSKILDA BANKEN
015 B000960 S
015 C010960 STOCKHOLM
015 D010960 SWEDEN
015 E040960 X
015 A000961 UBS AG
015 B000961 S
015 C010961 ZURICH
015 D010961 SWITZERLAND
015 E040961 X
015 A000962 DELETE
015 A000963 DELETE
015 A000964 STANDARD CHARTERED BANK
015 B000964 S
015 C010964 BANGKOK
015 D010964 THAILAND
015 E040964 X
015 A000965 DELETE
015 A000966 OSMANLI BANKASI A.S.
015 B000966 S
<PAGE> PAGE 87
015 C010966 ISTANBUL
015 D010966 TURKEY
015 E040966 X
015 A000967 THE BANK OF NEW YORK
015 B000967 S
015 C010967 LONDON
015 D010967 UNITED KINGDOM
015 E040967 X
015 A000968 FIRST CHICAGO CLEARING CENTRE
015 B000968 S
015 C010968 LONDON
015 D010968 UNITED KINGDOM
015 E040968 X
015 A000969 DELETE
015 A000970 CITIBANK, N.A.
015 B000970 S
015 C010970 CARACAS
015 D010970 VENEZUELA
015 E040970 X
015 A000971 STANBIC BANK ZAMBIA LTD.
015 B000971 S
015 C010971 LUSAKA
015 D010971 ZAMBIA
015 E040971 X
015 A000972 STANBIC BANK ZIMBABWE LTD.
015 B000972 S
015 C010972 HARARE
015 D010972 ZIMBABWE
015 E040972 X
015 A000973 DELETE
024 000900 N
025 D000901 0
025 D000902 0
025 D000903 0
025 D000904 0
025 D000905 0
025 D000906 0
025 D000907 0
025 D000908 0
028 A010900 4272
028 A020900 0
028 A030900 0
028 A040900 34687
028 B010900 3950
028 B020900 0
028 B030900 0
028 B040900 38905
028 C010900 6548
028 C020900 0
028 C030900 0
028 C040900 51918
<PAGE> PAGE 88
028 D010900 3992
028 D020900 0
028 D030900 0
028 D040900 49365
028 E010900 3202
028 E020900 0
028 E030900 0
028 E040900 44093
028 F010900 2901
028 F020900 0
028 F030900 0
028 F040900 35300
028 G010900 24865
028 G020900 0
028 G030900 0
028 G040900 254268
028 H000900 0
037 000900 N
038 000900 0
039 000900 N
040 000900 Y
041 000900 Y
042 A000900 0
042 B000900 0
042 C000900 100
042 D000900 0
042 E000900 0
042 F000900 0
042 G000900 0
042 H000900 0
043 000900 0
044 000900 0
045 000900 Y
046 000900 N
047 000900 Y
048 000900 0.000
048 A010900 100000
048 A020900 0.625
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<PAGE> PAGE 89
048 H020900 0.000
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070 A020900 Y
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<PAGE> PAGE 90
070 D020900 N
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070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
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070 H020900 N
070 I010900 N
070 I020900 N
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070 J020900 N
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070 L020900 Y
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070 Q020900 N
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<PAGE> PAGE 91
072 S000900 10
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<PAGE> PAGE 92
076 000900 0.00
008 A001001 FRANKLIN ADVISERS, INC.
008 B001001 A
008 C001001 801-26292
008 D011001 SAN MATEO
008 D021001 CA
008 D031001 94404
008 D041001 1585
015 A001001 BANKBOSTON N.A.
015 B001001 S
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015 D011001 ARGENTINA
015 E041001 X
015 A001002 NATIONAL AUSTRALIA BANK LTD.
015 B001002 S
015 C011002 MELBOURNE
015 D011002 AUSTRALIA
015 E041002 X
015 A001003 BANK AUSTRIA AG
015 B001003 S
015 C011003 VIENNA
015 D011003 AUSTRIA
015 E041003 X
015 A001004 BANQUE BRUXELLES LAMBERT
015 B001004 S
015 C011004 BRUSSELS
015 D011004 BELGIUM
015 E041004 X
015 A001005 ROYAL BANK OF CANADA
015 B001005 S
015 C011005 MONTREAL
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015 A001006 DEN DANSKE BANK
015 B001006 S
015 C011006 COPENHAGEN
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015 A001007 FIRST CHICAGO CLEARING CENTRE
015 B001007 S
015 C011007 LONDON
015 D011007 UNITED KINGDOM
015 E041007 X
015 A001008 CEDEL
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015 C011008 LUXEMBOURG CITY
015 D011008 EUROMARKET
015 E041008 X
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<PAGE> PAGE 93
015 D011009 EUROMARKET
015 E041009 X
015 A001010 MERITA BANK PLC
015 B001010 S
015 C011010 HELSINKI
015 D011010 FINLAND
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015 A001011 BANQUE PARIBAS, S.A.
015 B001011 S
015 C011011 PARIS
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015 A001012 DRESDNER BANK AG
015 B001012 S
015 C011012 FRANKFURT/MAIN
015 D011012 GERMANY
015 E041012 X
015 A001013 THE HONG KONG AND SHANGHAI BANKING CORP LTD.
015 B001013 S
015 C011013 HONG KONG
015 D011013 HONG KONG
015 E041013 X
015 A001014 THE HONG KONG AND SHANGHAI BANKING CORP. LTD
015 B001014 S
015 C011014 JAKARTA
015 D011014 INDONESIA
015 E041014 X
015 A001015 ALLIED IRISH BANKS PLC
015 B001015 S
015 C011015 DUBLIN
015 D011015 IRELAND
015 E041015 X
015 A001016 BANK OF TOKYO MITSUBISHI
015 B001016 S
015 C011016 TOKYO
015 D011016 JAPAN
015 E041016 X
015 A001017 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEMBOU
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015 C011017 LUXEMBOURG CITY
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015 E041017 X
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<PAGE> PAGE 94
015 E041019 X
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015 B001021 S
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015 A001023 THE HONG KONG AND SHANGHAI BANKING CORP. LTD
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015 B001025 S
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015 D011028 SRI LANKA
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015 A001029 SKANDINAVISKA ENSKILDA BANKEN
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<PAGE> PAGE 95
015 A001030 UBS AG
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015 A001032 OSMANLI BANKASI A.S.
015 B001032 S
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015 A001033 THE BANK OF NEW YORK
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015 A001034 THE BANK OF NEW YORK
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015 A001036 STANBIC BANK ZIMBABWE LTD.
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024 001000 N
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<PAGE> PAGE 96
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<PAGE> PAGE 97
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<PAGE> PAGE 98
070 B011000 N
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070 H021000 N
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070 K011000 N
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070 M011000 N
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070 N021000 N
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070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
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<PAGE> PAGE 99
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<PAGE> PAGE 100
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<PAGE> PAGE 101
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<PAGE> PAGE 102
070 B021100 N
070 C011100 N
070 C021100 N
070 D011100 N
070 D021100 N
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070 F021100 N
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070 H021100 N
070 I011100 N
070 I021100 N
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070 J021100 N
070 K011100 N
070 K021100 N
070 L011100 N
070 L021100 N
070 M011100 N
070 M021100 N
070 N011100 N
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070 O011100 N
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070 R011100 N
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<PAGE> PAGE 103
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<PAGE> PAGE 104
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008 A001201 FRANKLIN ADVISERS, INC.
008 B001201 A
008 C001201 801-26292
008 D011201 SAN MATEO
008 D021201 CA
008 D031201 94404
008 D041201 1585
015 A001201 THE BANK OF NEW YORK
015 B001201 C
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015 A001202 BANKBOSTON, N.A.
015 B001202 S
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015 D011202 ARGENTINA
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015 A001203 NATIONAL AUSTRALIA BANK LTD.
015 B001203 S
015 C011203 MELBOURNE
015 D011203 AUSTRALIA
015 E041203 X
015 A001204 BANK AUSTRIA AG
015 B001204 S
015 C011204 VIENNA
015 D011204 AUSTRIA
015 E041204 X
015 A001205 DELETE
015 A001206 BANQUE BRUXELLES LAMBERT
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015 A001209 ROYAL BANK OF CANADA
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015 C011209 MONTREAL
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015 E041209 X
015 A001210 DELETE
015 A001211 DELETE
015 A001212 STANDARD CHARTERED BANK
015 B001212 S
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<PAGE> PAGE 105
015 D011212 CHINA
015 E041212 X
015 A001213 STANDARD CHARTERED BANK
015 B001213 S
015 C011213 SHENZHEN
015 D011213 CHINA
015 E041213 X
015 A001214 EUROCLEAR OPERATIONS CENTRE
015 B001214 S
015 C011214 BRUSSELS
015 D011214 EUROMARKET
015 E041214 X
015 A001215 DEN DANSKE BANK
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015 C011215 COPENHAGEN
015 D011215 DENMARK
015 E041215 X
015 A001216 FIRST CHICAGO CLEARING CENTRE
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015 C011216 LONDON
015 D011216 UNITED KINGDOM
015 E041216 X
015 A001217 CEDEL
015 B001217 S
015 C011217 LUXEMBOURG CITY
015 D011217 EUROMARKET
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015 A001218 MERITA BANK PLC
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015 C011218 HELSINKI
015 D011218 FINLAND
015 E041218 X
015 A001219 BANQUE PARIBAS, S.A.
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015 C011219 PARIS
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015 B001221 S
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015 A001222 DELETE
015 A001223 DELETE
015 A001224 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001224 S
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015 A001225 DELETE
<PAGE> PAGE 106
015 A001226 DELETE
015 A001227 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001227 S
015 C011227 JAKARTA
015 D011227 INDONESIA
015 E041227 X
015 A001228 ALLIED IRISH BANKS PLC
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015 C011228 DUBLIN
015 D011228 IRELAND
015 E041228 X
015 A001229 DELETE
015 A001230 DELETE
015 A001231 DELETE
015 A001232 DELETE
015 A001233 BANK OF TOKYO MITSUBISHI
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015 D011233 JAPAN
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015 A001235 DELETE
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015 A001237 DELETE
015 A001238 HSBC BANK MALAYSIA BERHAD
015 B001238 S
015 C011238 KUALA LUMPUR
015 D011238 MALAYSIA
015 E041238 X
015 A001239 BANCO NACIONAL DE MEXICO
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015 C011239 MEXICO CITY
015 D011239 MEXICO
015 E041239 X
015 A001240 DELETE
015 A001241 DELETE
015 A001242 MEESPIERSON
015 B001242 S
015 C011242 AMSTERDAM
015 D011242 NETHERLANDS
015 E041242 X
015 A001243 DELETE
015 A001244 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001244 S
015 C011244 WELLINGTON
015 D011244 NEW ZEALAND
015 E041244 X
<PAGE> PAGE 107
015 A001245 DELETE
015 A001246 DELETE
015 A001247 STANDARD CHARTERED BANK
015 B001247 S
015 C011247 KARACHI
015 D011247 PAKISTAN
015 E041247 X
015 A001248 DELETE
015 A001249 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001249 S
015 C011249 PASIG CITY MANILA
015 D011249 PHILIPPINES
015 E041249 X
015 A001250 DELETE
015 A001251 BANCO COMERCIAL PORTUGUES, S.A.
015 B001251 S
015 C011251 LISBON
015 D011251 PORTUGAL
015 E041251 X
015 A001252 UNITED OVERSEAS BANK LTD.
015 B001252 S
015 C011252 SINGAPORE
015 D011252 SINGAPORE
015 E041252 X
015 A001253 DELETE
015 A001254 DELETE
015 A001255 STANDARD CORPORATE AND MERCHANT BANK
015 B001255 S
015 C011255 JOHANNESBURG
015 D011255 SOUTH AFRICA
015 E041255 X
015 A001256 DELETE
015 A001257 BANCO BILBAO VIZCAYA
015 B001257 S
015 C011257 MADRID
015 D011257 SPAIN
015 E041257 X
015 A001258 STANDARD CHARTERED BANK
015 B001258 S
015 C011258 COLOMBO
015 D011258 SRI LANKA
015 E041258 X
015 A001259 DELETE
015 A001260 SKANDINAVISKA ENSKILDA BANKEN
015 B001260 S
015 C011260 STOCKHOLM
015 D011260 SWEDEN
015 E041260 X
015 A001261 UBS AG
015 B001261 S
015 C011261 ZURICH
<PAGE> PAGE 108
015 D011261 SWITZERLAND
015 E041261 X
015 A001262 DELETE
015 A001263 DELETE
015 A001264 STANDARD CHARTERED BANK
015 B001264 S
015 C011264 BANGKOK
015 D011264 THAILAND
015 E041264 X
015 A001265 DELETE
015 A001266 OSMANLI BANKASI A.S.
015 B001266 S
015 C011266 ISTANBUL
015 D011266 TURKEY
015 E041266 X
015 A001267 THE BANK OF NEW YORK
015 B001267 S
015 C011267 LONDON
015 D011267 UNITED KINGDOM
015 E041267 X
015 A001268 DELETE
015 A001269 DELETE
015 A001270 DELETE
015 A001271 STANBIC BANK ZAMBIA LTD.
015 B001271 S
015 C011271 LUSAKA
015 D011271 ZAMBIA
015 E041271 X
015 A001272 STANBIC BANK ZIMBABWE LTD.
015 B001272 S
015 C011272 HARARE
015 D011272 ZIMBABWE
015 E041272 X
015 A001273 DELETE
024 001200 N
025 D001201 0
025 D001202 0
025 D001203 0
025 D001204 0
025 D001205 0
025 D001206 0
025 D001207 0
025 D001208 0
028 A011200 876
028 A021200 0
028 A031200 0
028 A041200 3273
028 B011200 313
028 B021200 0
028 B031200 0
028 B041200 2379
<PAGE> PAGE 109
028 C011200 319
028 C021200 0
028 C031200 0
028 C041200 3048
028 D011200 634
028 D021200 0
028 D031200 0
028 D041200 3042
028 E011200 661
028 E021200 0
028 E031200 0
028 E041200 3188
028 F011200 246
028 F021200 0
028 F031200 0
028 F041200 2618
028 G011200 3049
028 G021200 0
028 G031200 0
028 G041200 17548
028 H001200 0
037 001200 N
038 001200 0
039 001200 N
040 001200 Y
041 001200 N
042 A001200 0
042 B001200 0
042 C001200 0
042 D001200 0
042 E001200 0
042 F001200 0
042 G001200 0
042 H001200 0
043 001200 0
044 001200 0
045 001200 Y
046 001200 N
047 001200 Y
048 001200 0.000
048 A011200 100000
048 A021200 0.625
048 B011200 150000
048 B021200 0.500
048 C011200 9750000
048 C021200 0.450
048 D011200 2500000
048 D021200 0.440
048 E011200 2500000
048 E021200 0.420
048 F011200 0
<PAGE> PAGE 110
048 F021200 0.000
048 G011200 0
048 G021200 0.000
048 H011200 0
048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 15000000
048 K021200 0.400
055 A001200 Y
055 B001200 N
056 001200 N
057 001200 N
058 A001200 N
059 001200 Y
060 A001200 Y
060 B001200 Y
061 001200 5000
062 A001200 Y
062 B001200 0.0
062 C001200 0.0
062 D001200 0.1
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 12.1
062 N001200 85.3
062 O001200 0.0
062 P001200 0.0
062 Q001200 2.7
062 R001200 0.0
063 A001200 0
063 B001200 1.3
064 A001200 N
064 B001200 N
066 A001200 N
067 001200 N
068 A001200 N
068 B001200 N
069 001200 N
070 A011200 Y
070 A021200 Y
070 B011200 N
070 B021200 N
<PAGE> PAGE 111
070 C011200 N
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 N
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 N
070 K021200 N
070 L011200 Y
070 L021200 N
070 M011200 Y
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200 8327
071 B001200 22387
071 C001200 85880
071 D001200 10
072 A001200 6
072 B001200 3168
072 C001200 0
072 D001200 0
072 E001200 0
072 F001200 269
072 G001200 0
072 H001200 0
072 I001200 0
072 J001200 0
072 K001200 5
072 L001200 3
072 M001200 0
072 N001200 0
072 O001200 0
<PAGE> PAGE 112
072 P001200 0
072 Q001200 0
072 R001200 2
072 S001200 1
072 T001200 0
072 U001200 0
072 V001200 0
072 W001200 4
072 X001200 284
072 Y001200 0
072 Z001200 2884
072AA001200 629
072BB001200 12
072CC011200 0
072CC021200 2663
072DD011200 0
072DD021200 0
072EE001200 0
073 A011200 0.0000
073 A021200 0.0000
073 B001200 0.0000
073 C001200 0.0000
074 A001200 0
074 B001200 60
074 C001200 0
074 D001200 79986
074 E001200 0
074 F001200 0
074 G001200 0
074 H001200 0
074 I001200 0
074 J001200 0
074 K001200 0
074 L001200 0
074 M001200 0
074 N001200 80046
074 O001200 0
074 P001200 42
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 122
074 S001200 0
074 T001200 79882
074 U011200 5341
074 U021200 0
074 V011200 14.96
074 V021200 0.00
074 W001200 0.0000
074 X001200 3
<PAGE> PAGE 113
074 Y001200 1029
075 A001200 0
075 B001200 86763
076 001200 0.00
008 A001301 FRANKLIN ADVISERS, INC.
008 B001301 A
008 C001301 801-26292
008 D011301 SAN MATEO
008 D021301 CA
008 D031301 94404
008 D041301 1585
015 A001301 THE BANK OF NEW YORK
015 B001301 C
015 C011301 NEW YORK
015 C021301 NY
015 C031301 10286
015 E011301 X
015 A001302 BANKBOSTON, N.A.
015 B001302 S
015 C011302 BUENOS AIRES
015 D011302 ARGENTINA
015 E041302 X
015 A001303 NATIONAL AUSTRALIA BANK LTD.
015 B001303 S
015 C011303 MELBOURNE
015 D011303 AUSTRALIA
015 E041303 X
015 A001304 DELETE
015 A001305 BANK AUSTRIA AG
015 B001305 S
015 C011305 VIENNA
015 D011305 AUSTRIA
015 E041305 X
015 A001306 BANQUE BRUXELLES LAMBERT
015 B001306 S
015 C011306 BRUSSELS
015 D011306 BELGIUM
015 E041306 X
015 A001307 DELETE
015 A001308 DELETE
015 A001309 ROYAL BANK OF CANADA
015 B001309 S
015 C011309 MONTREAL
015 D011309 CANADA
015 E041309 X
015 A001310 DELETE
015 A001311 DELETE
015 A001312 STANDARD CHARTERED BANK
015 B001312 S
015 C011312 SHANGHAI
015 D011312 CHINA
<PAGE> PAGE 114
015 E041312 X
015 A001313 STANDARD CHARTERED BANK
015 B001313 S
015 C011313 SHENZHEN
015 D011313 CHINA
015 E041313 X
015 A001314 EUROCLEAR OPERATIONS CENTRE
015 B001314 S
015 C011314 BRUSSELS
015 D011314 EUROMARKET
015 E041314 X
015 A001315 DEN DANSKE BANK
015 B001315 S
015 C011315 COPENHAGEN
015 D011315 DENMARK
015 E041315 X
015 A001316 FIRST CHICAGO CLEARING CENTRE
015 B001316 S
015 C011316 LONDON
015 D011316 UNITED KINGDOM
015 E041316 X
015 A001317 CEDEL
015 B001317 S
015 C011317 LUXEMBOURG CITY
015 D011317 EUROMARKET
015 E041317 X
015 A001318 MERITA BANK PLC.
015 B001318 S
015 C011318 HELSINKI
015 D011318 FINLAND
015 E041318 X
015 A001319 BANQUE PARIBAS, S.A.
015 B001319 S
015 C011319 PARIS
015 D011319 FRANCE
015 E041319 X
015 A001320 DELETE
015 A001321 DRESDNER BANK AG
015 B001321 S
015 C011321 FRANKFURT/MAIN
015 D011321 GERMANY
015 E041321 X
015 A001322 DELETE
015 A001323 DELETE
015 A001324 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001324 S
015 C011324 HONG KONG
015 D011324 HONG KONG
015 E041324 X
015 A001325 DELETE
015 A001326 DELETE
<PAGE> PAGE 115
015 A001327 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001327 S
015 C011327 JAKARTA
015 D011327 INDONESIA
015 E041327 X
015 A001328 ALLIED IRISH BANKS PLC
015 B001328 S
015 C011328 DUBLIN
015 D011328 IRELAND
015 E041328 X
015 A001329 DELETE
015 A001330 DELETE
015 A001331 DELETE
015 A001332 DELETE
015 A001333 BANK OF TOKYO MITSUBISHI
015 B001333 S
015 C011333 TOKYO
015 D011333 JAPAN
015 E041333 X
015 A001334 DELETE
015 A001335 DELETE
015 A001336 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEMBOU
015 B001336 S
015 C011336 LUXEMBOURG CITY
015 D011336 LUXEMBOURG
015 E041336 X
015 A001337 DELETE
015 A001338 HSBC BANK MALAYSIA BERHAD
015 B001338 S
015 C011338 KUALA LUMPUR
015 D011338 MALAYSIA
015 E041338 X
015 A001339 BANCO NACIONAL DE MEXICO
015 B001339 S
015 C011339 MEXICO CITY
015 D011339 MEXICO
015 E041339 X
015 A001340 DELETE
015 A001341 DELETE
015 A001342 DELETE
015 A001343 MEESPIERSON
015 B001343 S
015 C011343 AMSTERDAM
015 D011343 NETHERLANDS
015 E041343 X
015 A001344 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001344 S
015 C011344 WELLINGTON
015 D011344 NEW ZEALAND
015 E041344 X
015 A001345 DELETE
<PAGE> PAGE 116
015 A001346 DELETE
015 A001347 STANDARD CHARTERED BANK
015 B001347 S
015 C011347 KARACHI
015 D011347 PAKISTAN
015 E041347 X
015 A001348 DELETE
015 A001349 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001349 S
015 C011349 PASIG CITY MANILA
015 D011349 PHILIPPINES
015 E041349 X
015 A001350 DELETE
015 A001351 BANCO COMERCIAL PORTUGUES, S.A.
015 B001351 S
015 C011351 LISBON
015 D011351 PORTUGAL
015 E041351 X
015 A001352 UNITED OVERSEAS BANK LTD.
015 B001352 S
015 C011352 SINGAPORE
015 D011352 SINGAPORE
015 E041352 X
015 A001353 DELETE
015 A001354 DELETE
015 A001355 STANDARD CORPORATE AND MERCHANT BANK
015 B001355 S
015 C011355 JOHANNESBURG
015 D011355 SOUTH AFRICA
015 E041355 X
015 A001356 DELETE
015 A001357 BANCO BILBAO VIZCAYA
015 B001357 S
015 C011357 MADRID
015 D011357 SPAIN
015 E041357 X
015 A001358 STANDARD CHARTERED BANK
015 B001358 S
015 C011358 COLOMBO
015 D011358 SRI LANKA
015 E041358 X
015 A001359 DELETE
015 A001360 SKANDINAVISKA ENSKILDA BANKEN
015 B001360 S
015 C011360 STOCKHOLM
015 D011360 SWEDEN
015 E041360 X
015 A001361 DELETE
015 A001362 UBS AG
015 B001362 S
015 C011362 ZURICH
<PAGE> PAGE 117
015 D011362 SWITZERLAND
015 E041362 X
015 A001363 DELETE
015 A001364 STANDARD CHARTERED BANK
015 B001364 S
015 C011364 BANGKOK
015 D011364 THAILAND
015 E041364 X
015 A001365 DELETE
015 A001366 OSMANLI BANKASI A.S.
015 B001366 S
015 C011366 ISTANBUL
015 D011366 TURKEY
015 E041366 X
015 A001367 THE BANK OF NEW YORK
015 B001367 S
015 C011367 LONDON
015 D011367 UNITED KINGDOM
015 E041367 X
015 A001368 DELETE
015 A001369 DELETE
015 A001370 DELETE
015 A001371 STANBIC BANK ZAMBIA LTD.
015 B001371 S
015 C011371 LUSAKA
015 D011371 ZAMBIA
015 E041371 X
015 A001372 STANBIC BANK ZIMBABWE LTD.
015 B001372 S
015 C011372 HARARE
015 D011372 ZIMBABWE
015 E041372 X
015 A001373 DELETE
015 A001374 DELETE
024 001300 N
025 D001301 0
025 D001302 0
025 D001303 0
025 D001304 0
025 D001305 0
025 D001306 0
025 D001307 0
025 D001308 0
028 A011300 720
028 A021300 0
028 A031300 0
028 A041300 2301
028 B011300 1810
028 B021300 0
028 B031300 0
028 B041300 1074
<PAGE> PAGE 118
028 C011300 1679
028 C021300 0
028 C031300 0
028 C041300 1920
028 D011300 838
028 D021300 0
028 D031300 0
028 D041300 2108
028 E011300 1153
028 E021300 0
028 E031300 0
028 E041300 3790
028 F011300 741
028 F021300 0
028 F031300 0
028 F041300 2173
028 G011300 6941
028 G021300 0
028 G031300 0
028 G041300 13366
028 H001300 0
037 001300 N
038 001300 0
039 001300 N
040 001300 Y
041 001300 N
042 A001300 0
042 B001300 0
042 C001300 0
042 D001300 0
042 E001300 0
042 F001300 0
042 G001300 0
042 H001300 0
043 001300 0
044 001300 0
045 001300 Y
046 001300 N
047 001300 Y
048 001300 0.000
048 A011300 100000
048 A021300 0.625
048 B011300 150000
048 B021300 0.500
048 C011300 9750000
048 C021300 0.450
048 D011300 2500000
048 D021300 0.440
048 E011300 2500000
048 E021300 0.420
048 F011300 0
<PAGE> PAGE 119
048 F021300 0.000
048 G011300 0
048 G021300 0.000
048 H011300 0
048 H021300 0.000
048 I011300 0
048 I021300 0.000
048 J011300 0
048 J021300 0.000
048 K011300 15000000
048 K021300 0.400
055 A001300 N
055 B001300 N
056 001300 N
057 001300 N
058 A001300 N
059 001300 Y
060 A001300 Y
060 B001300 Y
061 001300 5000
062 A001300 Y
062 B001300 0.0
062 C001300 0.0
062 D001300 0.1
062 E001300 0.0
062 F001300 0.0
062 G001300 0.0
062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
062 K001300 0.0
062 L001300 0.0
062 M001300 5.4
062 N001300 90.4
062 O001300 0.0
062 P001300 1.4
062 Q001300 2.8
062 R001300 0.0
063 A001300 0
063 B001300 6.1
064 A001300 N
064 B001300 N
066 A001300 N
067 001300 N
068 A001300 N
068 B001300 N
069 001300 N
070 A011300 Y
070 A021300 Y
070 B011300 N
070 B021300 N
<PAGE> PAGE 120
070 C011300 N
070 C021300 N
070 D011300 N
070 D021300 N
070 E011300 N
070 E021300 N
070 F011300 N
070 F021300 N
070 G011300 N
070 G021300 N
070 H011300 N
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 N
070 K021300 N
070 L011300 Y
070 L021300 N
070 M011300 Y
070 M021300 N
070 N011300 Y
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 Y
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300 3408
071 B001300 9841
071 C001300 79653
071 D001300 4
072 A001300 6
072 B001300 2535
072 C001300 0
072 D001300 0
072 E001300 0
072 F001300 248
072 G001300 0
072 H001300 0
072 I001300 0
072 J001300 1
072 K001300 4
072 L001300 2
072 M001300 0
072 N001300 0
072 O001300 0
<PAGE> PAGE 121
072 P001300 0
072 Q001300 0
072 R001300 2
072 S001300 0
072 T001300 0
072 U001300 0
072 V001300 0
072 W001300 5
072 X001300 262
072 Y001300 0
072 Z001300 2273
072AA001300 808
072BB001300 112
072CC011300 0
072CC021300 7065
072DD011300 0
072DD021300 0
072EE001300 0
073 A011300 0.0000
073 A021300 0.0000
073 B001300 0.0000
073 C001300 0.0000
074 A001300 0
074 B001300 107
074 C001300 0
074 D001300 73936
074 E001300 0
074 F001300 0
074 G001300 0
074 H001300 0
074 I001300 0
074 J001300 0
074 K001300 0
074 L001300 0
074 M001300 0
074 N001300 74043
074 O001300 0
074 P001300 38
074 Q001300 0
074 R011300 0
074 R021300 0
074 R031300 0
074 R041300 39
074 S001300 0
074 T001300 73966
074 U011300 4388
074 U021300 0
074 V011300 16.85
074 V021300 0.00
074 W001300 0.0000
074 X001300 3
<PAGE> PAGE 122
074 Y001300 2610
075 A001300 0
075 B001300 79895
076 001300 0.00
008 A001401 FRANKLIN ADVISERS, INC.
008 B001401 A
008 C001401 801-26292
008 D011401 SAN MATEO
008 D021401 CA
008 D031401 94404
008 D041401 1585
015 A001401 THE BANK OF NEW YORK
015 B001401 C
015 C011401 NEW YORK
015 C021401 NY
015 C031401 10286
015 E011401 X
015 A001402 BANKBOSTON, N.A.
015 B001402 S
015 C011402 BUENOS AIRES
015 D011402 ARGENTINA
015 E041402 X
015 A001403 NATIONAL AUSTRALIA BANK LTD.
015 B001403 S
015 C011403 MELBOURNE
015 D011403 AUSTRALIA
015 E041403 X
015 A001404 DELETE
015 A001405 BANK AUSTRIA AG
015 B001405 S
015 C011405 VIENNA
015 D011405 AUSTRIA
015 E041405 X
015 A001406 BANQUE BRUXELLES LAMBERT
015 B001406 S
015 C011406 BRUSSELS
015 D011406 BELGIUM
015 E041406 X
015 A001407 DELETE
015 A001408 DELETE
015 A001409 ROYAL BANK OF CANADA
015 B001409 S
015 C011409 MONTREAL
015 D011409 CANADA
015 E041409 X
015 A001410 DELETE
015 A001411 DELETE
015 A001412 STANDARD CHARTERED BANK
015 B001412 S
015 C011412 SHANGHAI
015 D011412 CHINA
<PAGE> PAGE 123
015 E041412 X
015 A001413 STANDARD CHARTERED BANK
015 B001413 S
015 C011413 SHENZHEN
015 D011413 CHINA
015 E041413 X
015 A001414 DELETE
015 A001415 DEN DANSKE BANK
015 B001415 S
015 C011415 COPENHAGEN
015 D011415 DENMARK
015 E041415 X
015 A001416 CEDEL
015 B001416 S
015 C011416 LUXEMBOURG CITY
015 D011416 EUROMARKET
015 E041416 X
015 A001417 EUROCLEAR OPERATIONS CENTRE
015 B001417 S
015 C011417 BRUSSELS
015 D011417 EUROMARKET
015 E041417 X
015 A001418 MERITA BANK PLC
015 B001418 S
015 C011418 HELSINKI
015 D011418 FINLAND
015 E041418 X
015 A001419 BANQUE PARIBAS, S.A.
015 B001419 S
015 C011419 PARIS
015 D011419 FRANCE
015 E041419 X
015 A001420 DELETE
015 A001421 DRESDNER BANK AG
015 B001421 S
015 C011421 FRANKFURT/MAIN
015 D011421 GERMANY
015 E041421 X
015 A001422 DELETE
015 A001423 DELETE
015 A001424 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001424 S
015 C011424 HONG KONG
015 D011424 HONG KONG
015 E041424 X
015 A001425 DELETE
015 A001426 DELETE
015 A001427 THE HONGKONG ANS SHANGHAI BANKING CORP. LTD.
015 B001427 S
015 C011427 JAKARTA
015 D011427 INDONESIA
<PAGE> PAGE 124
015 E041427 X
015 A001428 ALLIED IRISH BANKS PLC
015 B001428 S
015 C011428 DUBLIN
015 D011428 IRELAND
015 E041428 X
015 A001429 DELETE
015 A001430 DELETE
015 A001431 DELETE
015 A001432 DELETE
015 A001433 BANK OF TOKYO MITSUBISHI
015 B001433 S
015 C011433 TOKYO
015 D011433 JAPAN
015 E041433 X
015 A001434 DELETE
015 A001435 DELETE
015 A001436 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEMBOU
015 B001436 S
015 C011436 LUXEMBOURG CITY
015 D011436 LUXEMBOURG
015 E041436 X
015 A001437 DELETE
015 A001438 HSBC BANK MALAYSIA BERHAD
015 B001438 S
015 C011438 KUALA LUMPUR
015 D011438 MALAYSIA
015 E041438 X
015 A001439 BANCO NACIONAL DE MEXICO
015 B001439 S
015 C011439 MEXICO CITY
015 D011439 MEXICO
015 E041439 X
015 A001440 DELETE
015 A001441 DELETE
015 A001442 DELETE
015 A001443 MEESPIERSON
015 B001443 S
015 C011443 AMSTERDAM
015 D011443 NETHERLANDS
015 E041443 X
015 A001444 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001444 S
015 C011444 WELLINGTON
015 D011444 NEW ZEALAND
015 E041444 X
015 A001445 DELETE
015 A001446 DELETE
015 A001447 STANDARD CHARTERED BANK
015 B001447 S
015 C011447 KARACHI
<PAGE> PAGE 125
015 D011447 PAKISTAN
015 E041447 X
015 A001448 DELETE
015 A001449 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001449 S
015 C011449 PASIG CITY MANILA
015 D011449 PHILIPPINES
015 E041449 X
015 A001450 DELETE
015 A001451 BANCO COMERCIAL PORTUGUES, S.A.
015 B001451 S
015 C011451 LISBON
015 D011451 PORTUGAL
015 E041451 X
015 A001452 UNITED OVERSEAS BANK LTD.
015 B001452 S
015 C011452 SINGAPORE
015 D011452 SINGAPORE
015 E041452 X
015 A001453 DELETE
015 A001454 DELETE
015 A001455 STANDARD CORPORATE AND MERCHANT BANK
015 B001455 S
015 C011455 JOHANNESBURG
015 D011455 SOUTH AFRICA
015 E041455 X
015 A001456 DELETE
015 A001457 BANCO BILBAO VIZCAYA
015 B001457 S
015 C011457 MADRID
015 D011457 SPAIN
015 E041457 X
015 A001458 STANDARD CHARTERED BANK
015 B001458 S
015 C011458 COLOMBO
015 D011458 SRI LANKA
015 E041458 X
015 A001459 DELETE
015 A001460 SKANDINAVISKA ENSKILDA BANKEN
015 B001460 S
015 C011460 STOCKHOLM
015 D011460 SWEDEN
015 E041460 X
015 A001461 UBS AG
015 B001461 S
015 C011461 ZURICH
015 D011461 SWITZERLAND
015 E041461 X
015 A001462 DELETE
015 A001463 DELETE
015 A001464 STANDARD CHARTERED BANK
<PAGE> PAGE 126
015 B001464 S
015 C011464 BANGKOK
015 D011464 THAILAND
015 E041464 X
015 A001465 DELETE
015 A001466 OSMANLI BANKASI A.S.
015 B001466 S
015 C011466 ISTANBUL
015 D011466 TURKEY
015 E041466 X
015 A001467 THE BANK OF NEW YORK
015 B001467 S
015 C011467 LONDON
015 D011467 UNITED KINGDOM
015 E041467 X
015 A001468 FIRST CHICAGO CLEARING CENTRE
015 B001468 S
015 C011468 LONDON
015 D011468 UNITED KINGDOM
015 E041468 X
015 A001469 DELETE
015 A001470 DELETE
015 A001471 STANBIC BANK ZAMBIA LTD.
015 B001471 S
015 C011471 LUSAKA
015 D011471 ZAMBIA
015 E041471 X
015 A001472 STANBIC BANK ZIMBABWE LTD.
015 B001472 S
015 C011472 HARARE
015 D011472 ZIMBABWE
015 E041472 X
024 001400 N
025 D001401 0
025 D001402 0
025 D001403 0
025 D001404 0
025 D001405 0
025 D001406 0
025 D001407 0
025 D001408 0
028 A011400 5239
028 A021400 0
028 A031400 0
028 A041400 4090
028 B011400 2630
028 B021400 0
028 B031400 0
028 B041400 4376
028 C011400 4732
028 C021400 0
<PAGE> PAGE 127
028 C031400 0
028 C041400 4068
028 D011400 1174
028 D021400 0
028 D031400 0
028 D041400 3688
028 E011400 611
028 E021400 0
028 E031400 0
028 E041400 5962
028 F011400 3815
028 F021400 0
028 F031400 0
028 F041400 2257
028 G011400 18201
028 G021400 0
028 G031400 0
028 G041400 24441
028 H001400 0
037 001400 N
038 001400 0
039 001400 N
040 001400 Y
041 001400 N
042 A001400 0
042 B001400 0
042 C001400 0
042 D001400 0
042 E001400 0
042 F001400 0
042 G001400 0
042 H001400 0
043 001400 0
044 001400 0
045 001400 Y
046 001400 N
047 001400 Y
048 001400 0.000
048 A011400 100000
048 A021400 0.625
048 B011400 150000
048 B021400 0.500
048 C011400 9750000
048 C021400 0.450
048 D011400 2500000
048 D021400 0.440
048 E011400 2500000
048 E021400 0.420
048 F011400 0
048 F021400 0.000
048 G011400 0
<PAGE> PAGE 128
048 G021400 0.000
048 H011400 0
048 H021400 0.000
048 I011400 0
048 I021400 0.000
048 J011400 0
048 J021400 0.000
048 K011400 15000000
048 K021400 0.400
055 A001400 N
055 B001400 N
056 001400 N
057 001400 N
058 A001400 N
059 001400 Y
060 A001400 Y
060 B001400 Y
061 001400 5000
062 A001400 Y
062 B001400 0.0
062 C001400 0.0
062 D001400 0.4
062 E001400 0.0
062 F001400 0.0
062 G001400 0.0
062 H001400 0.0
062 I001400 0.0
062 J001400 0.0
062 K001400 0.0
062 L001400 0.0
062 M001400 8.9
062 N001400 84.8
062 O001400 0.0
062 P001400 0.0
062 Q001400 6.0
062 R001400 0.0
063 A001400 0
063 B001400 11.3
064 A001400 N
064 B001400 N
066 A001400 N
067 001400 N
068 A001400 N
068 B001400 N
069 001400 N
070 A011400 Y
070 A021400 Y
070 B011400 N
070 B021400 N
070 C011400 N
070 C021400 N
<PAGE> PAGE 129
070 D011400 N
070 D021400 N
070 E011400 N
070 E021400 N
070 F011400 N
070 F021400 N
070 G011400 N
070 G021400 N
070 H011400 N
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 N
070 K021400 N
070 L011400 Y
070 L021400 N
070 M011400 Y
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 Y
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
071 A001400 8019
071 B001400 14860
071 C001400 86844
071 D001400 9
072 A001400 6
072 B001400 2668
072 C001400 0
072 D001400 0
072 E001400 0
072 F001400 270
072 G001400 0
072 H001400 0
072 I001400 0
072 J001400 1
072 K001400 5
072 L001400 2
072 M001400 0
072 N001400 0
072 O001400 0
072 P001400 0
072 Q001400 0
<PAGE> PAGE 130
072 R001400 2
072 S001400 1
072 T001400 0
072 U001400 0
072 V001400 0
072 W001400 5
072 X001400 286
072 Y001400 0
072 Z001400 2382
072AA001400 1248
072BB001400 72
072CC011400 0
072CC021400 11551
072DD011400 0
072DD021400 0
072EE001400 0
073 A011400 0.0000
073 A021400 0.0000
073 B001400 0.0000
073 C001400 0.0000
074 A001400 0
074 B001400 357
074 C001400 0
074 D001400 79030
074 E001400 0
074 F001400 0
074 G001400 0
074 H001400 0
074 I001400 0
074 J001400 0
074 K001400 0
074 L001400 0
074 M001400 0
074 N001400 79387
074 O001400 0
074 P001400 40
074 Q001400 0
074 R011400 0
074 R021400 0
074 R031400 0
074 R041400 65
074 S001400 0
074 T001400 79282
074 U011400 4564
074 U021400 0
074 V011400 17.37
074 V021400 0.00
074 W001400 0.0000
074 X001400 3
074 Y001400 0
075 A001400 0
<PAGE> PAGE 131
075 B001400 86952
076 001400 0.00
008 A001501 FRANKLIN ADVISERS, INC.
008 B001501 A
008 C001501 801-26292
008 D011501 SAN MATEO
008 D021501 CA
008 D031501 94403
008 D041501 7777
015 A001501 BANK OF NEW YORK
015 B001501 C
015 C011501 NEW YORK
015 C021501 NY
015 C031501 10286
015 E011501 X
015 A001502 THE BANK OF BOSTON
015 B001502 S
015 C011502 BUENOS AIRES
015 D011502 ARGENTINA
015 E041502 X
015 A001503 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001503 S
015 C011503 MELBOURNE
015 D011503 AUSTRALIA
015 E041503 X
015 A001504 CREDITANSTALT-BANKVEREIN
015 B001504 S
015 C011504 VIENNA
015 D011504 AUSTRIA
015 E041504 X
015 A001505 STANDARD CHARTERED BANK PLC
015 B001505 S
015 C011505 DHAKA
015 D011505 BANGLADESH
015 E041505 X
015 A001506 BANQUE BRUXELLES LAMBERT
015 B001506 S
015 C011506 BRUSSELS
015 D011506 BELGIUM
015 E041506 X
015 A001507 STANBIC BANK BOTSWANA LIMITED
015 B001507 S
015 C011507 GABORONE
015 D011507 BOTSWANA
015 E041507 X
015 A001508 THE FIRST NATIONAL BANK OF BOSTON
015 B001508 S
015 C011508 SAO PAULO
015 D011508 BRAZIL
015 E041508 X
015 A001509 ROYAL BANK OF CANADA
<PAGE> PAGE 132
015 B001509 S
015 C011509 MONTREAL
015 D011509 CANADA
015 E041509 X
015 A001510 THE FIRST NATIONAL BANK OF BOSTON
015 B001510 S
015 C011510 SANTIAGO
015 D011510 CHILE
015 E041510 X
015 A001511 BANCO DE CHILE
015 B001511 S
015 C011511 SANTIAGO
015 D011511 CHILE
015 E041511 X
015 A001512 THE STANDARD CHARTERED BANK, HONG KONG
015 B001512 S
015 C011512 HONG KONG
015 D011512 CHINA
015 E041512 X
015 A001513 CTBANK, NA VIA CITITRUST CLMBIA SA SOC. FIDU.
015 B001513 S
015 C011513 BOGOTA
015 D011513 COLOMBIA
015 E041513 X
015 A001514 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001514 S
015 C011514 PRAGUE
015 D011514 CZECH REPUBLIC
015 E041514 X
015 A001515 DEN DANSKE BANK
015 B001515 S
015 C011515 COPENHAGEN
015 D011515 DENMARK
015 E041515 X
015 A001516 CITIBANK, N.A.
015 B001516 S
015 C011516 QUITO
015 D011516 ECUADOR
015 E041516 X
015 A001517 CITIBANK, N.A.
015 B001517 S
015 C011517 CAIRO
015 D011517 EGYPT
015 E041517 X
015 A001518 MERITA BANK LTD.
015 B001518 S
015 C011518 HELSINKI
015 D011518 FINLAND
015 E041518 X
015 A001519 BANQUE PARIBAS
015 B001519 S
<PAGE> PAGE 133
015 C011519 PARIS
015 D011519 FRANCE
015 E041519 X
015 A001520 CREDIT COMMERCIAL DE FRANCE
015 B001520 S
015 C011520 PARIS
015 D011520 FRANCE
015 E041520 X
015 A001521 DRESDNER BANK, A.G.
015 B001521 S
015 C011521 FRANKFURT
015 D011521 GERMANY
015 E041521 X
015 A001522 MERCHANT BANK LIMITED
015 B001522 S
015 C011522 ACCRA
015 D011522 GHANA
015 E041522 X
015 A001523 NATIONAL BANK OF GREECE S.A.
015 B001523 S
015 C011523 ATHENS
015 D011523 GREECE
015 E041523 X
015 A001524 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001524 S
015 C011524 HONG KONG
015 D011524 HONG KONG
015 E041524 X
015 A001525 CITIBANK BUDAPEST RT.
015 B001525 S
015 C011525 BUDAPEST
015 D011525 HUNGARY
015 E041525 X
015 A001526 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001526 S
015 C011526 MUMBAI
015 D011526 INDIA
015 E041526 X
015 A001527 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001527 S
015 C011527 JAKARTA
015 D011527 INDONESIA
015 E041527 X
015 A001528 ALLIED IRISH BANKS, PLC
015 B001528 S
015 C011528 DUBLIN
015 D011528 IRELAND
015 E041528 X
015 A001529 BANK LEUMI LE-ISRAEL, B.M.
015 B001529 S
015 C011529 TEL AVIV
<PAGE> PAGE 134
015 D011529 ISRAEL
015 E041529 X
015 A001530 BANCA COMMERCIALE ITALIANA
015 B001530 S
015 C011530 MILAN
015 D011530 ITALY
015 E041530 X
015 A001531 BANQUE PARIBAS
015 B001531 S
015 C011531 MILAN
015 D011531 ITALY
015 E041531 X
015 A001532 JASDEC
015 B001532 S
015 C011532 TOKYO
015 D011532 JAPAN
015 E041532 X
015 A001533 BANK OF TOKYO MITSUBISHI
015 B001533 S
015 C011533 TOKYO
015 D011533 JAPAN
015 E041533 X
015 A001534 THE BRITISH BANK OF THE MIDDLE EAST
015 B001534 S
015 C011534 AMMAN
015 D011534 JORDAN
015 E041534 X
015 A001535 STANBIC BANK KENYA LIMITED
015 B001535 S
015 C011535 NAIROBI
015 D011535 KENYA
015 E041535 X
015 A001536 CEDEL
015 B001536 S
015 C011536 LUXEMBOURG CITY
015 D011536 LUXEMBOURG
015 E041536 X
015 A001537 BANQUE INTERNATIONALE A LUXEMBOURG
015 B001537 S
015 C011537 LUXEMBOURG CITY
015 D011537 LUXEMBOURG
015 E041537 X
015 A001539 THE HONGKONG BANK MALAYSIA BERHAD
015 B001539 S
015 C011539 KUALA LUMPUR
015 D011539 MALAYSIA
015 E041539 X
015 A001540 BANCO NACIONAL DE MEXICO
015 B001540 S
015 C011540 MEXICO CITY
015 D011540 MEXICO
<PAGE> PAGE 135
015 E041540 X
015 A001541 BANQUE COMMERCIALE DU MAROC
015 B001541 S
015 C011541 CASABLANCA
015 D011541 MOROCCO
015 E041541 X
015 A001542 STANBIC BANK NAMIBIA LIMITED
015 B001542 S
015 C011542 WINDHOEK
015 D011542 NAMIBIA
015 E041542 X
015 A001543 KAS-ASSOCIATIE NV
015 B001543 S
015 C011543 AMSTERDAM
015 D011543 NETHERLANDS
015 E041543 X
015 A001544 MEESPIERSON NV
015 B001544 S
015 C011544 AMSTERDAM
015 D011544 NETHERLANDS
015 E041544 X
015 A001545 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001545 S
015 C011545 WELLINGTON
015 D011545 NEW ZEALAND
015 E041545 X
015 A001546 STANBIC MERCHANT BANK NIGERIA LIMITED
015 B001546 S
015 C011546 LAGOS
015 D011546 NIGERIA
015 E041546 X
015 A001547 DEN NORSKE BANK
015 B001547 S
015 C011547 OSLO
015 D011547 NORWAY
015 E041547 X
015 A001548 STANDARD CHARTERED BANK
015 B001548 S
015 C011548 KARACHI
015 D011548 PAKISTAN
015 E041548 X
015 A001549 CITIBANK, N.A.
015 B001549 S
015 C011549 LIMA
015 D011549 PERU
015 E041549 X
015 A001550 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001550 S
015 C011550 MANILA
015 D011550 PHILIPPINES
015 E041550 X
<PAGE> PAGE 136
015 A001551 BANK HANDLOWY W. WARZAWIE, S.A.
015 B001551 S
015 C011551 WARSAW
015 D011551 POLAND
015 E041551 X
015 A001552 BANCO COMERCIAL PORTUGUES
015 B001552 S
015 C011552 LISBON
015 D011552 PORTUGAL
015 E041552 X
015 A001553 UNITED OVERSEAS BANK LIMITED
015 B001553 S
015 C011553 SINGAPORE
015 D011553 SINGAPORE
015 E041553 X
015 A001554 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B001554 S
015 C011554 SINGAPORE
015 D011554 SINGAPORE
015 E041554 X
015 A001555 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001555 S
015 C011555 BRATISLAVA
015 D011555 SLOVAK REPUBLIC
015 E041555 X
015 A001556 STANDARD CORPORATE AND MERCHANT BANK
015 B001556 S
015 C011556 JOHANNESBURG
015 D011556 SOUTH AFRICA
015 E041556 X
015 A001557 SEOULBANK
015 B001557 S
015 C011557 SEOUL
015 D011557 SOUTH KOREA
015 E041557 X
015 A001558 BANCO BILBAO VIZCAYA
015 B001558 S
015 C011558 MADRID
015 D011558 SPAIN
015 E041558 X
015 A001559 STANDARD CHARTERED BANK
015 B001559 S
015 C011559 COLOMBO
015 D011559 SRI LANKA
015 E041559 X
015 A001560 STANBIC BANK SWAZILAND LTD.
015 B001560 S
015 C011560 MBABANE
015 D011560 SWAZILAND
015 E041560 X
015 A001561 SKANDINAVISKA ENSKILDA BANKEN
<PAGE> PAGE 137
015 B001561 S
015 C011561 STOCKHOLM
015 D011561 SWEDEN
015 E041561 X
015 A001562 UNION BANK OF SWITZERLAND
015 B001562 S
015 C011562 ZURICH
015 D011562 SWITZERLAND
015 E041562 X
015 A001563 BANK LEU LTD.
015 B001563 S
015 C011563 ZURICH
015 D011563 SWITZERLAND
015 E041563 X
015 A001564 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001564 S
015 C011564 TAIPEI
015 D011564 TAIWAN
015 E041564 X
015 A001565 THE SIAM COMMERCIAL BANK PUBLIC COMPANY LTD.
015 B001565 S
015 C011565 BANGKOK
015 D011565 THAILAND
015 E041565 X
015 A001566 BANGKOK BANK PUBLIC COMPANY LTD.
015 B001566 S
015 C011566 BANGKOK
015 D011566 THAILAND
015 E041566 X
015 A001567 CITIBANK, N.A.
015 B001567 S
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015 D011567 TURKEY
015 E041567 X
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015 D011568 UNITED KINGDOM
015 E041568 X
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015 E041569 X
015 A001570 THE FIRST NATIONAL BANK OF BOSTON
015 B001570 S
015 C011570 MONTEVIDEO
015 D011570 URUGUAY
015 E041570 X
015 A001571 CITIBANK, N.A.
015 B001571 S
<PAGE> PAGE 138
015 C011571 CARACAS
015 D011571 VENEZUELA
015 E041571 X
015 A001572 STANBIC BANK ZAMBIA LIMITED
015 B001572 S
015 C011572 LUSAKA
015 D011572 ZAMBIA
015 E041572 X
015 A001573 STANBIC BANK ZIMBABWE LIMITED
015 B001573 S
015 C011573 HARARE
015 D011573 ZIMBABWE
015 E041573 X
025 D001501 0
025 D001502 0
025 D001503 0
025 D001504 0
025 D001505 0
025 D001506 0
025 D001507 0
025 D001508 0
028 A011500 0
028 A021500 0
028 A031500 0
028 A041500 0
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028 B021500 0
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028 C011500 0
028 C021500 0
028 C031500 0
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028 D041500 0
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028 F021500 0
028 F031500 0
028 F041500 0
028 G011500 0
028 G021500 0
028 G031500 0
028 G041500 0
028 H001500 0
045 001500 Y
<PAGE> PAGE 139
046 001500 N
047 001500 Y
048 001500 0.000
048 A011500 100000
048 A021500 0.625
048 B011500 150000
048 B021500 0.500
048 C011500 9750000
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048 D011500 2500000
048 D021500 0.440
048 E011500 2500000
048 E021500 0.420
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048 G011500 0
048 G021500 0.000
048 H011500 0
048 H021500 0.000
048 I011500 0
048 I021500 0.000
048 J011500 0
048 J021500 0.000
048 K011500 15000000
048 K021500 0.400
055 A001500 N
055 B001500 N
056 001500 N
057 001500 N
058 A001500 Y
058 B001500 Y
058 C001500 Y
058 D001500 Y
058 E001500 N
059 001500 Y
060 A001500 Y
060 B001500 Y
061 001500 2000
062 A001500 Y
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062 D001500 0.0
062 E001500 0.0
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062 G001500 0.0
062 H001500 0.0
062 I001500 0.0
062 J001500 0.0
062 K001500 0.0
062 L001500 0.0
062 M001500 0.0
<PAGE> PAGE 140
062 N001500 0.0
062 O001500 0.0
062 P001500 0.0
062 Q001500 0.0
062 R001500 0.0
063 A001500 0
063 B001500 0.0
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064 B001500 N
066 A001500 N
067 001500 N
068 A001500 N
068 B001500 N
069 001500 N
070 A011500 Y
070 A021500 Y
070 B011500 N
070 B021500 N
070 C011500 N
070 C021500 N
070 D011500 N
070 D021500 N
070 E011500 N
070 E021500 N
070 F011500 N
070 F021500 N
070 G011500 N
070 G021500 N
070 H011500 N
070 H021500 N
070 I011500 N
070 I021500 N
070 J011500 Y
070 J021500 N
070 K011500 N
070 K021500 N
070 L011500 N
070 L021500 N
070 M011500 N
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 N
070 O021500 N
070 P011500 Y
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 N
070 R021500 N
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<PAGE> PAGE 141
071 B001500 0
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071 D001500 0
072 A001500 12
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072 O001500 0
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074 D001500 0
074 E001500 0
074 F001500 0
074 G001500 0
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074 I001500 0
074 J001500 0
074 K001500 0
<PAGE> PAGE 142
074 L001500 0
074 M001500 0
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074 P001500 0
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074 R031500 0
074 R041500 0
074 S001500 0
074 T001500 0
074 U011500 0
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074 V021500 0.00
074 W001500 0.0000
074 X001500 0
074 Y001500 0
075 A001500 0
075 B001500 0
076 001500 0.00
008 A001601 FRANKLIN ADVISORY SERVICES, LLC
008 B001601 A
008 C001601 801-51967
008 D011601 FORT LEE
008 D021601 NJ
008 D031601 07024
015 A001601 THE BANK OF NEW YORK
015 B001601 C
015 C011601 NEW YORK
015 C021601 NY
015 C031601 10286
015 E011601 X
015 A001602 BANKBOSTON, N.A.
015 B001602 S
015 C011602 BUENOS AIRES
015 D011602 ARGENTINA
015 E041602 X
015 A001603 NATIONAL AUSTRALIA BANK LTD.
015 B001603 S
015 C011603 MELBOURNE
015 D011603 AUSTRALIA
015 E041603 X
015 A001604 BANK AUSTRIA AG
015 B001604 S
015 C011604 VIENNA
015 D011604 AUSTRIA
015 E041604 X
015 A001605 DELETE
015 A001606 BANQUE BRUXELLES LAMBERT
<PAGE> PAGE 143
015 B001606 S
015 C011606 BRUSSELS
015 D011606 BELGIUM
015 E041606 X
015 A001607 DELETE
015 A001608 DELETE
015 A001609 ROYAL BANK OF CANADA
015 B001609 S
015 C011609 MONTREAL
015 D011609 CANADA
015 E041609 X
015 A001610 DELETE
015 A001611 DELETE
015 A001612 STANDARD CHARTERED BANK
015 B001612 S
015 C011612 SHANGHAI
015 D011612 CHINA
015 E041612 X
015 A001613 STANDARD CHARTERED BANK
015 B001613 S
015 C011613 SHENZHEN
015 D011613 CHINA
015 E041613 X
015 A001614 CEDEL
015 B001614 S
015 C011614 LUXEMBOURG CITY
015 D011614 EUROMARKET
015 E041614 X
015 A001615 DEN DANSKE BANK
015 B001615 S
015 C011615 COPENHAGEN
015 D011615 DENMARK
015 E041615 X
015 A001616 EUROCLEAR OPERATIONS CENTRE
015 B001616 S
015 C011616 BRUSSELS
015 D011616 EUROMARKET
015 E041616 X
015 A001617 FIRST CHICAGO CLEARING CENTRE
015 B001617 S
015 C011617 LONDON
015 D011617 UNITED KINGDOM
015 E041617 X
015 A001618 MERITA BANK PLC
015 B001618 S
015 C011618 HELSINKI
015 D011618 FINLAND
015 E041618 X
015 A001619 BANQUE PARIBAS, S.A.
015 B001619 S
015 C011619 PARIS
<PAGE> PAGE 144
015 D011619 FRANCE
015 E041619 X
015 A001620 DELETE
015 A001621 DRESDNER BANK AG
015 B001621 S
015 C011621 FRANKFURT/MAIN
015 D011621 GERMANY
015 E041621 X
015 A001622 DELETE
015 A001623 DELETE
015 A001624 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001624 S
015 C011624 HONG KONG
015 D011624 HONG KONG
015 E041624 X
015 A001625 DELETE
015 A001626 DELETE
015 A001627 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001627 S
015 C011627 JAKARTA
015 D011627 INDONESIA
015 E041627 X
015 A001628 ALLIED IRISH BANKS PLC
015 B001628 S
015 C011628 DUBLIN
015 D011628 IRELAND
015 E041628 X
015 A001629 DELETE
015 A001630 DELETE
015 A001631 DELETE
015 A001632 DELETE
015 A001633 BANK OF TOKYO MITSUBISHI
015 B001633 S
015 C011633 TOKYO
015 D011633 JAPAN
015 E041633 X
015 A001634 DELETE
015 A001635 DELETE
015 A001636 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEMBOU
015 B001636 S
015 C011636 LUXEMBOURG CITY
015 D011636 LUXEMBOURG
015 E041636 X
015 A001637 DELETE
015 A001638 HSBC BANK MALAYSIA BERHAD
015 B001638 S
015 C011638 KUALA LUMPUR
015 D011638 MALAYSIA
015 E041638 X
015 A001639 BANCO NACIONAL DE MEXICO
015 B001639 S
<PAGE> PAGE 145
015 C011639 MEXICO CITY
015 D011639 MEXICO
015 E041639 X
015 A001640 DELETE
015 A001641 DELETE
015 A001642 DELETE
015 A001643 MEESPIERSON
015 B001643 S
015 C011643 AMSTERDAM
015 D011643 NETHERLANDS
015 E041643 X
015 A001644 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001644 S
015 C011644 WELLINGTON
015 D011644 NEW ZEALAND
015 E041644 X
015 A001645 DELETE
015 A001646 DELETE
015 A001647 STANDARD CHARTERED BANK
015 B001647 S
015 C011647 KARACHI
015 D011647 PAKISTAN
015 E041647 X
015 A001648 DELETE
015 A001649 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001649 S
015 C011649 PASIG CITY MANILA
015 D011649 PHILIPPINES
015 E041649 X
015 A001650 DELETE
015 A001651 BANCO COMERCIAL PORTUGUES, S.A.
015 B001651 S
015 C011651 LISBON
015 D011651 PORTUGAL
015 E041651 X
015 A001652 UNITED OVERSEAS BANK LTD.
015 B001652 S
015 C011652 SINGAPORE
015 D011652 SINGAPORE
015 E041652 X
015 A001653 DELETE
015 A001654 DELETE
015 A001655 STANDARD CORPORATE AND MERCHANT BANK
015 B001655 S
015 C011655 JOHANNESBURG
015 D011655 SOUTH AFRICA
015 E041655 X
015 A001656 DELETE
015 A001657 BANCO BILBAO VIZCAYA
015 B001657 S
015 C011657 MADRID
<PAGE> PAGE 146
015 D011657 SPAIN
015 E041657 X
015 A001658 STANDARD CHARTERED BANK
015 B001658 S
015 C011658 COLOMBO
015 D011658 SRI LANKA
015 E041658 X
015 A001659 DELETE
015 A001660 SKANDINAVISKA ENSKILDA BANKEN
015 B001660 S
015 C011660 STOCKHOLM
015 D011660 SWEDEN
015 E041660 X
015 A001661 DELETE
015 A001662 UBS AG
015 B001662 S
015 C011662 ZURICH
015 D011662 SWITZERLAND
015 E041662 X
015 A001663 DELETE
015 A001664 STANDARD CHARTERED BANK
015 B001664 S
015 C011664 BANGKOK
015 D011664 THAILAND
015 E041664 X
015 A001665 DELETE
015 A001666 OSMANLI BANKASI A.S.
015 B001666 S
015 C011666 ISTANBUL
015 D011666 TURKEY
015 E041666 X
015 A001667 THE BANK OF NEW YORK
015 B001667 S
015 C011667 LONDON
015 D011667 UNITED KINGDOM
015 E041667 X
015 A001668 FIRST CHICAGO CLEARING CENTRE
015 B001668 S
015 C011668 LONDON
015 D011668 UNITED KINGDOM
015 E041668 X
015 A001669 DELETE
015 A001670 DELETE
015 A001671 STANBIC BANK ZAMBIA LTD.
015 B001671 S
015 C011671 LUSAKA
015 D011671 ZAMBIA
015 E041671 X
015 A001672 STANBIC BANK ZIMBABWE LTD.
015 B001672 S
015 C011672 HARARE
<PAGE> PAGE 147
015 D011672 ZIMBABWE
015 E041672 X
024 001600 Y
025 A001601 WASHINGTON MUTUAL INC.
025 B001601 91-1653725
025 C001601 E
025 D001601 13775
025 A001602 FIRST UNION CORP.
025 B001602 56-1529080
025 C001602 E
025 D001602 8894
025 D001603 0
025 D001604 0
025 D001605 0
025 D001606 0
025 D001607 0
025 D001608 0
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028 A021600 0
028 A031600 0
028 A041600 26756
028 B011600 4701
028 B021600 0
028 B031600 0
028 B041600 27068
028 C011600 10616
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028 D021600 0
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028 F011600 2986
028 F021600 0
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028 F041600 22064
028 G011600 29579
028 G021600 0
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028 G041600 170885
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037 001600 N
038 001600 0
039 001600 N
040 001600 Y
041 001600 Y
<PAGE> PAGE 148
042 A001600 0
042 B001600 0
042 C001600 100
042 D001600 0
042 E001600 0
042 F001600 0
042 G001600 0
042 H001600 0
043 001600 0
044 001600 0
045 001600 Y
046 001600 N
047 001600 Y
048 001600 0.000
048 A011600 500000
048 A021600 0.750
048 B011600 500000
048 B021600 0.625
048 C011600 0
048 C021600 0.000
048 D011600 0
048 D021600 0.000
048 E011600 0
048 E021600 0.000
048 F011600 0
048 F021600 0.000
048 G011600 0
048 G021600 0.000
048 H011600 0
048 H021600 0.000
048 I011600 0
048 I021600 0.000
048 J011600 0
048 J021600 0.000
048 K011600 1000000
048 K021600 0.500
055 A001600 N
055 B001600 N
056 001600 N
057 001600 N
058 A001600 N
059 001600 Y
060 A001600 Y
060 B001600 Y
061 001600 5000
062 A001600 N
062 B001600 0.0
062 C001600 0.0
062 D001600 0.0
062 E001600 0.0
062 F001600 0.0
<PAGE> PAGE 149
062 G001600 0.0
062 H001600 0.0
062 I001600 0.0
062 J001600 0.0
062 K001600 0.0
062 L001600 0.0
062 M001600 0.0
062 N001600 0.0
062 O001600 0.0
062 P001600 0.0
062 Q001600 0.0
062 R001600 0.0
063 A001600 0
063 B001600 0.0
066 A001600 Y
066 B001600 N
066 C001600 N
066 D001600 N
066 E001600 Y
066 F001600 N
066 G001600 N
067 001600 N
068 A001600 N
068 B001600 N
069 001600 N
070 A011600 Y
070 A021600 Y
070 B011600 Y
070 B021600 N
070 C011600 Y
070 C021600 N
070 D011600 Y
070 D021600 N
070 E011600 N
070 E021600 N
070 F011600 N
070 F021600 N
070 G011600 N
070 G021600 N
070 H011600 N
070 H021600 N
070 I011600 N
070 I021600 N
070 J011600 Y
070 J021600 N
070 K011600 N
070 K021600 N
070 L011600 Y
070 L021600 Y
070 M011600 Y
070 M021600 N
<PAGE> PAGE 150
070 N011600 Y
070 N021600 N
070 O011600 N
070 O021600 N
070 P011600 Y
070 P021600 N
070 Q011600 N
070 Q021600 N
070 R011600 N
070 R021600 N
071 A001600 21417
071 B001600 157740
071 C001600 642229
071 D001600 3
072 A001600 6
072 B001600 193
072 C001600 6579
072 D001600 0
072 E001600 0
072 F001600 2329
072 G001600 0
072 H001600 0
072 I001600 0
072 J001600 4
072 K001600 22
072 L001600 20
072 M001600 3
072 N001600 0
072 O001600 0
072 P001600 0
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072 R001600 10
072 S001600 4
072 T001600 0
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072 V001600 0
072 W001600 4
072 X001600 2396
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073 A011600 0.0000
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073 C001600 0.0000
<PAGE> PAGE 151
074 A001600 0
074 B001600 10570
074 C001600 0
074 D001600 0
074 E001600 1600
074 F001600 603336
074 G001600 0
074 H001600 0
074 I001600 0
074 J001600 6272
074 K001600 0
074 L001600 896
074 M001600 0
074 N001600 622674
074 O001600 0
074 P001600 370
074 Q001600 0
074 R011600 0
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074 S001600 0
074 T001600 621561
074 U011600 33361
074 U021600 18
074 V011600 18.62
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074 W001600 0.0000
074 X001600 3
074 Y001600 2400
075 A001600 0
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076 001600 0.00
008 A001701 FRANKLIN ADVISERS, INC.
008 B001701 A
008 C001701 801-26292
008 D011701 SAN MATEO
008 D021701 CA
008 D031701 94404
008 D041701 1585
008 A001702 TEMPLETON INVESTMENT COUNSEL, INC.
008 B001702 S
008 C001702 801-15125
008 D011702 FT. LAUDERDALE
008 D021702 FL
008 D031702 33394
008 D041702 3091
015 A001701 THE BANK OF NEW YORK
015 B001701 C
015 C011701 NEW YORK
015 C021701 NY
<PAGE> PAGE 152
015 C031701 10286
015 E011701 X
015 A001702 BANKBOSTON, N.A.
015 B001702 S
015 C011702 BUENOS AIRES
015 D011702 ARGENTINA
015 E041702 X
015 A001703 NATIONAL AUSTRALIA BANK LTD.
015 B001703 S
015 C011703 MELBOURNE
015 D011703 AUSTRALIA
015 E041703 X
015 A001704 BANK AUSTRIA AG
015 B001704 S
015 C011704 VIENNA
015 D011704 AUSTRIA
015 E041704 X
015 A001705 STANDARD CHARTERED BANK PLC
015 B001705 S
015 C011705 DHAKA
015 D011705 BANGLADESH
015 E041705 X
015 A001706 BANQUE BRUXELLES LAMBERT
015 B001706 S
015 C011706 BRUSSELS
015 D011706 BELGIUM
015 E041706 X
015 A001707 BANKBOSTON, N.A.
015 B001707 S
015 C011707 SAO PAULO
015 D011707 BRAZIL
015 E041707 X
015 A001708 DELETE
015 A001709 ROYAL BANK OF CANADA
015 B001709 S
015 C011709 MONTREAL
015 D011709 CANADA
015 E041709 X
015 A001710 DELETE
015 A001711 DELETE
015 A001712 STANDARD CHARTERED BANK
015 B001712 S
015 C011712 SHANGHAI
015 D011712 CHINA
015 E041712 X
015 A001713 STANDARD CHARTERED BANK
015 B001713 S
015 C011713 SHENZHEN
015 D011713 CHINA
015 E041713 X
015 A001714 CESKOSLOVENSKA OBCHODNI BANKA A.S.
<PAGE> PAGE 153
015 B001714 S
015 C011714 PRAHA (PRAGUE)
015 D011714 CZECH REPUBLIC
015 E041714 X
015 A001715 DEN DANSKE BANK
015 B001715 S
015 C011715 COPENHAGEN
015 D011715 DENMARK
015 E041715 X
015 A001716 FIRST CHICAGO CLEARING CENTRE
015 B001716 S
015 C011716 LONDON
015 D011716 UNITED KINGDOM
015 E041716 X
015 A001717 CEDEL
015 B001717 S
015 C011717 LUXEMBOURG CITY
015 D011717 EUROMARKET
015 E041717 X
015 A001718 MERITA BANK PLC
015 B001718 S
015 C011718 HELSINKI
015 D011718 FINLAND
015 E041718 X
015 A001719 BANQUE PARIBAS, S.A.
015 B001719 S
015 C011719 PARIS
015 D011719 FRANCE
015 E041719 X
015 A001720 DRESDNER BANK AG
015 B001720 S
015 C011720 FRANKFURT/MAIN
015 D011720 GERMANY
015 E041720 X
015 A001721 EUROCLEAR OPERATIONS CENTRE
015 B001721 S
015 C011721 BRUSSELS
015 D011721 EUROMARKET
015 E041721 X
015 A001722 DELETE
015 A001723 DELETE
015 A001724 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001724 S
015 C011724 HONG KONG
015 D011724 HONG KONG
015 E041724 X
015 A001725 DELETE
015 A001726 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001726 S
015 C011726 MUMBAI
015 D011726 INDIA
<PAGE> PAGE 154
015 E041726 X
015 A001727 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001727 S
015 C011727 JAKARTA
015 D011727 INDONESIA
015 E041727 X
015 A001728 ALLIED IRISH BANKS PLC
015 B001728 S
015 C011728 DUBLIN
015 D011728 IRELAND
015 E041728 X
015 A001729 DELETE
015 A001730 DELETE
015 A001731 DELETE
015 A001732 DELETE
015 A001733 BANK OF TOKYO MITSUBISHI
015 B001733 S
015 C011733 TOKYO
015 D011733 JAPAN
015 E041733 X
015 A001734 DELETE
015 A001735 DELETE
015 A001736 DELETE
015 A001737 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEMBOU
015 B001737 S
015 C011737 LUXEMBOURG CITY
015 D011737 LUXEMBOURG
015 E041737 X
015 A001738 HSBC BANK MALAYSIA BERHAD
015 B001738 S
015 C011738 KUALA LUMPUR
015 D011738 MALAYSIA
015 E041738 X
015 A001739 BANCO NACIONAL DE MEXICO
015 B001739 S
015 C011739 MEXICO CITY
015 D011739 MEXICO
015 E041739 X
015 A001740 DELETE
015 A001741 DELETE
015 A001742 DELETE
015 A001743 MEESPIERSON
015 B001743 S
015 C011743 AMSTERDAM
015 D011743 NETHERLANDS
015 E041743 X
015 A001744 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001744 S
015 C011744 WELLINGTON
015 D011744 NEW ZEALAND
015 E041744 X
<PAGE> PAGE 155
015 A001745 DELETE
015 A001746 DELETE
015 A001747 STANDARD CHARTERED BANK
015 B001747 S
015 C011747 KARACHI
015 D011747 PAKISTAN
015 E041747 X
015 A001748 CITIBANK N.A.
015 B001748 S
015 C011748 LIMA
015 D011748 PERU
015 E041748 X
015 A001749 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001749 S
015 C011749 PASIG CITY MANILA
015 D011749 PHILIPPINES
015 E041749 X
015 A001750 BANK HANDLOWY W WARSZAWIE S.A.
015 B001750 S
015 C011750 WARSAW
015 D011750 POLAND
015 E041750 X
015 A001751 BANCO COMERCIAL PORTUGUES, S.A.
015 B001751 S
015 C011751 LISBON
015 D011751 PORTUGAL
015 E041751 X
015 A001752 UNITED OVERSEAS BANK LTD.
015 B001752 S
015 C011752 SINGAPORE
015 D011752 SINGAPORE
015 E041752 X
015 A001753 DELETE
015 A001754 DELETE
015 A001755 STANDARD CORPORATE AND MERCHANT BANK
015 B001755 S
015 C011755 JOHANNESBURG
015 D011755 SOUTH AFRICA
015 E041755 X
015 A001756 STANDARD CHARTERED BANK
015 B001756 S
015 C011756 SEOUL
015 D011756 SOUTH KOREA
015 E041756 X
015 A001757 BANCO BILBAO VIZCAYA
015 B001757 S
015 C011757 MADRID
015 D011757 SPAIN
015 E041757 X
015 A001758 STANDARD CHARTERED BANK
015 B001758 S
<PAGE> PAGE 156
015 C011758 COLOMBO
015 D011758 SRI LANKA
015 E041758 X
015 A001759 UBS AG
015 B001759 S
015 C011759 ZURICH
015 D011759 SWITZERLAND
015 E041759 X
015 A001760 SKANDINAVISKA ENSKILDA BANKEN
015 B001760 S
015 C011760 STOCKHOLM
015 D011760 SWEDEN
015 E041760 X
015 A001761 DELETE
015 A001762 DELETE
015 A001763 DELETE
015 A001764 STANDARD CHARTERED BANK
015 B001764 S
015 C011764 BANGKOK
015 D011764 THAILAND
015 E041764 X
015 A001765 DELETE
015 A001766 OSMALI BANKASI A.S.
015 B001766 S
015 C011766 ISTANBUL
015 D011766 TURKEY
015 E041766 X
015 A001767 THE BANK OF NEW YORK
015 B001767 S
015 C011767 LONDON
015 D011767 UNITED KINGDOM
015 E041767 X
015 A001768 DELETE
015 A001769 DELETE
015 A001770 CITIBANK, N.A.
015 B001770 S
015 C011770 CARACAS
015 D011770 VENEZUELA
015 E041770 X
015 A001771 STANBIC BANK ZAMBIA LTD.
015 B001771 S
015 C011771 LUSAKA
015 D011771 ZAMBIA
015 E041771 X
015 A001772 STANBIC BANK ZIMBABWE LTD.
015 B001772 S
015 C011772 HARARE
015 D011772 ZIMBABWE
015 E041772 X
015 A001773 DELETE
015 A001774 DELETE
<PAGE> PAGE 157
015 A001775 DELETE
015 A001776 DELETE
015 A001777 DELETE
015 A001778 DELETE
015 A001779 DELETE
015 A001780 DELETE
015 A001781 DELETE
015 A001782 DELETE
015 A001783 DELETE
015 A001784 DELETE
015 A001785 DELETE
015 A001786 DELETE
015 A001787 DELETE
015 A001788 DELETE
015 A001789 DELETE
015 A001790 DELETE
015 A001791 DELETE
015 A001792 DELETE
015 A001793 DELETE
015 A001794 DELETE
015 A001795 DELETE
015 A001796 DELETE
015 A001797 DELETE
015 A001798 DELETE
015 A001799 DELETE
024 001700 N
025 D001701 0
025 D001702 0
025 D001703 0
025 D001704 0
025 D001705 0
025 D001706 0
025 D001707 0
025 D001708 0
028 A011700 19187
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028 A041700 18052
028 B011700 12417
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028 B041700 21005
028 C011700 21813
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028 C041700 26077
028 D011700 27267
028 D021700 0
028 D031700 0
028 D041700 30132
028 E011700 30850
<PAGE> PAGE 158
028 E021700 0
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028 F041700 25360
028 G011700 144220
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028 G031700 0
028 G041700 155759
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037 001700 N
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039 001700 N
040 001700 Y
041 001700 Y
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042 B001700 0
042 C001700 100
042 D001700 0
042 E001700 0
042 F001700 0
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042 H001700 0
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045 001700 Y
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047 001700 Y
048 001700 0.000
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048 I021700 0.000
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048 J021700 0.000
<PAGE> PAGE 159
048 K011700 500000
048 K021700 0.750
055 A001700 N
055 B001700 N
056 001700 Y
057 001700 N
058 A001700 N
059 001700 Y
060 A001700 Y
060 B001700 Y
061 001700 5000
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062 J001700 0.0
062 K001700 0.0
062 L001700 0.0
062 M001700 0.0
062 N001700 0.0
062 O001700 0.0
062 P001700 0.0
062 Q001700 0.0
062 R001700 0.0
063 A001700 0
063 B001700 0.0
066 A001700 Y
066 B001700 N
066 C001700 N
066 D001700 Y
066 E001700 N
066 F001700 N
066 G001700 N
067 001700 N
068 A001700 N
068 B001700 Y
069 001700 N
070 A011700 Y
070 A021700 Y
070 B011700 Y
070 B021700 N
070 C011700 Y
070 C021700 N
070 D011700 Y
070 D021700 N
070 E011700 Y
<PAGE> PAGE 160
070 E021700 N
070 F011700 Y
070 F021700 N
070 G011700 Y
070 G021700 N
070 H011700 Y
070 H021700 N
070 I011700 N
070 I021700 N
070 J011700 Y
070 J021700 N
070 K011700 Y
070 K021700 N
070 L011700 Y
070 L021700 Y
070 M011700 Y
070 M021700 Y
070 N011700 Y
070 N021700 N
070 O011700 N
070 O021700 N
070 P011700 Y
070 P021700 N
070 Q011700 N
070 Q021700 N
070 R011700 N
070 R021700 N
071 A001700 5856
071 B001700 29637
071 C001700 96922
071 D001700 6
072 A001700 6
072 B001700 20
072 C001700 1141
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072 E001700 0
072 F001700 484
072 G001700 0
072 H001700 0
072 I001700 0
072 J001700 41
072 K001700 0
072 L001700 0
072 M001700 0
072 N001700 0
072 O001700 0
072 P001700 0
072 Q001700 0
072 R001700 0
072 S001700 1
072 T001700 0
<PAGE> PAGE 161
072 U001700 0
072 V001700 0
072 W001700 0
072 X001700 526
072 Y001700 0
072 Z001700 635
072AA001700 2515
072BB001700 30244
072CC011700 53111
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072DD011700 0
072DD021700 0
072EE001700 0
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074 E001700 0
074 F001700 102160
074 G001700 0
074 H001700 0
074 I001700 0
074 J001700 0
074 K001700 0
074 L001700 1216
074 M001700 0
074 N001700 114061
074 O001700 0
074 P001700 101
074 Q001700 0
074 R011700 0
074 R021700 0
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074 U021700 31
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008 A001801 FRANKLIN ADVISERS, INC.
<PAGE> PAGE 162
008 B001801 A
008 C001801 801-26292
008 D011801 SAN MATEO
008 D021801 CA
008 D031801 94404
008 D041801 1585
008 A001802 TEMPLETON INVESTMENT COUNSEL, INC.
008 B001802 S
008 C001802 801-15125
008 D011802 FT. LAUDERDALE
008 D021802 FL
008 D031802 33394
008 D041802 3091
015 A001801 THE BANK OF NEW YORK
015 B001801 C
015 C011801 NEW YORK
015 C021801 NY
015 C031801 10286
015 E011801 X
015 A001802 BANKBOSTON, N.A.
015 B001802 S
015 C011802 BUENOS AIRES
015 D011802 ARGENTINA
015 E041802 X
015 A001803 NATIONAL AUSTRALIA BANK LTD.
015 B001803 S
015 C011803 MELBOURNE
015 D011803 AUSTRALIA
015 E041803 X
015 A001804 BANK AUSTRIA AG
015 B001804 S
015 C011804 VIENNA
015 D011804 AUSTRIA
015 E041804 X
015 A001805 STANDARD CHARTERED BANK
015 B001805 S
015 C011805 DHAKA
015 D011805 BANGLADESH
015 E041805 X
015 A001806 BANQUE BRUXELLES LAMBERT
015 B001806 S
015 C011806 BRUSSELS
015 D011806 BELGIUM
015 E041806 X
015 A001807 DELETE
015 A001808 BANKBOSTON, N.A.
015 B001808 S
015 C011808 SAO PAULO
015 D011808 BRAZIL
015 E041808 X
015 E051808 -
<PAGE> PAGE 163
015 A001809 ROYAL BANK OF CANADA
015 B001809 S
015 C011809 MONTREAL
015 D011809 CANADA
015 E041809 X
015 A001810 DELETE
015 A001811 DELETE
015 A001812 STANDARD CHARTERED BANK
015 B001812 S
015 C011812 SHANGHAI
015 D011812 CHINA
015 E041812 X
015 A001813 STANDARD CHARTERED BANK
015 B001813 S
015 C011813 SHENZHEN
015 D011813 CHINA
015 E041813 X
015 A001814 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B001814 S
015 C011814 PRAHA (PRAGUE)
015 D011814 CZECH REPUBLIC
015 E041814 X
015 A001815 DEN DANSKE BANK
015 B001815 S
015 C011815 COPENHAGEN
015 D011815 DENMARK
015 E041815 X
015 A001816 CEDEL
015 B001816 S
015 C011816 LUXEMBOURG CITY
015 D011816 EUROMARKET
015 E041816 X
015 A001817 DELETE
015 A001818 MERITA BANK PLC
015 B001818 S
015 C011818 HELSINKI
015 D011818 FINLAND
015 E041818 X
015 A001819 BANQUE PARIBAS, S.A.
015 B001819 S
015 C011819 PARIS
015 D011819 FRANCE
015 E041819 X
015 A001820 DELETE
015 A001821 DRESDNER BANK AG
015 B001821 S
015 C011821 FRANKFURT/MAIN
015 D011821 GERMANY
015 E041821 X
015 A001822 DELETE
015 A001823 NATIONAL BANK OF GREECE SA
<PAGE> PAGE 164
015 B001823 S
015 C011823 ATHENS
015 D011823 GREECE
015 E041823 X
015 A001824 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001824 S
015 C011824 HONG KONG
015 D011824 HONG KONG
015 E041824 X
015 A001825 CITIBANK BUDAPEST RT.
015 B001825 S
015 C011825 BUDAPEST
015 D011825 HUNGARY
015 E041825 X
015 A001826 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001826 S
015 C011826 MUMBAI
015 D011826 INDIA
015 E041826 X
015 A001827 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001827 S
015 C011827 JAKARTA
015 D011827 INDONESIA
015 E041827 X
015 A001828 ALLIED IRISH BANKS PLC
015 B001828 S
015 C011828 DUBLIN
015 D011828 IRELAND
015 E041828 X
015 A001829 DELETE
015 A001830 DELETE
015 A001831 DELETE
015 A001832 DELETE
015 A001833 BANK OF TOKYO MITSUBISHI
015 B001833 S
015 C011833 TOKYO
015 D011833 JAPAN
015 E041833 X
015 A001834 DELETE
015 A001835 DELETE
015 A001836 DELETE
015 A001837 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEMBOU
015 B001837 S
015 C011837 LUXEMBOURG CITY
015 D011837 LUXEMBOURG
015 E041837 X
015 A001838 HSBC BANK MALAYSIA BERHAD
015 B001838 S
015 C011838 KUALA LUMPUR
015 D011838 MALAYSIA
015 E041838 X
<PAGE> PAGE 165
015 A001839 BANCO NACIONAL DE MEXICO
015 B001839 S
015 C011839 MEXICO CITY
015 D011839 MEXICO
015 E041839 X
015 A001840 DELETE
015 A001841 DELETE
015 A001842 DELETE
015 A001843 MEESPIERSON
015 B001843 S
015 C011843 AMSTERDAM
015 D011843 NETHERLANDS
015 E041843 X
015 A001844 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B001844 S
015 C011844 WELLINGTON
015 D011844 NEW ZEALAND
015 E041844 X
015 A001845 DELETE
015 A001846 DELETE
015 A001847 STANDARD CHARTERED BANK
015 B001847 S
015 C011847 KARACHI
015 D011847 PAKISTAN
015 E041847 X
015 A001848 CITIBANK N.A.
015 B001848 S
015 C011848 LIMA
015 D011848 PERU
015 E041848 X
015 A001849 THE HONG KONG AND SHANGHAI BANKING CORP. LTD.
015 B001849 S
015 C011849 PASIG CITY MANILA
015 D011849 PHILIPPINES
015 E041849 X
015 A001850 BANK HANDLOWY W WARSZAWIE S.A.
015 B001850 S
015 C011850 WARSAW
015 D011850 POLAND
015 E041850 X
015 A001851 BANCO COMERCIAL PORTUGUES, S.A.
015 B001851 S
015 C011851 LISBON
015 D011851 PORTUGAL
015 E041851 X
015 A001852 UNITED OVERSEAS BANK LTD.
015 B001852 S
015 C011852 SINGAPORE
015 D011852 SINGAPORE
015 E041852 X
015 A001853 DELETE
<PAGE> PAGE 166
015 A001854 DELETE
015 A001855 STANDARD CORPORATE AND MERCHANT BANK
015 B001855 S
015 C011855 JOHANNESBURG
015 D011855 SOUTH AFRICA
015 E041855 X
015 A001856 STANDARD CHARTERED BANK
015 B001856 S
015 C011856 SEOUL
015 D011856 SOUTH KOREA
015 E041856 X
015 A001857 BANCO BILBAO VIZCAYA
015 B001857 S
015 C011857 MADRID
015 D011857 SPAIN
015 E041857 X
015 A001858 STANDARD CHARTERED BANK
015 B001858 S
015 C011858 COLOMBO
015 D011858 SRI LANKA
015 E041858 X
015 A001859 DELETE
015 A001860 SKANDINAVISKA ENSKILDA BANKEN
015 B001860 S
015 C011860 STOCKHOLM
015 D011860 SWEDEN
015 E041860 X
015 A001861 UBS AG
015 B001861 S
015 C011861 ZURICH
015 D011861 SWITZERLAND
015 E041861 X
015 A001862 DELETE
015 A001863 DELETE
015 A001864 STANDARD CHARTERED BANK
015 B001864 S
015 C011864 BANGKOK
015 D011864 THAILAND
015 E041864 X
015 A001865 DELETE
015 A001866 OSMANLI BANKASI A.S.
015 B001866 S
015 C011866 ISTANBUL
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015 E041866 X
015 A001867 THE BANK OF NEW YORK
015 B001867 S
015 C011867 LONDON
015 D011867 UNITED KINGDOM
015 E041867 X
015 A001868 FIRST CHICAGO CLEARING CENTRE
<PAGE> PAGE 167
015 B001868 S
015 C011868 LONDON
015 D011868 UNITED KINGDOM
015 E041868 X
015 A001869 DELETE
015 A001870 DELETE
015 A001871 STANBIC BANK ZAMBIA LTD.
015 B001871 S
015 C011871 LUSAKA
015 D011871 ZAMBIA
015 E041871 X
015 A001872 STANBIC BANK ZIMBABWE LTD.
015 B001872 S
015 C011872 HARARE
015 D011872 ZIMBABWE
015 E041872 X
015 A001873 DELETE
015 A001874 DELETE
015 A001875 EUROCLEAR OPERATIONS CENTRE
015 B001875 S
015 C011875 BRUSSELS
015 D011875 EUROMARKET
015 E041875 X
024 001800 N
025 D001801 0
025 D001802 0
025 D001803 0
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025 D001808 0
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028 C011800 15657
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028 C041800 61684
028 D011800 14081
028 D021800 0
028 D031800 0
028 D041800 47428
028 E011800 27556
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028 E031800 0
<PAGE> PAGE 168
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028 F011800 25569
028 F021800 0
028 F031800 0
028 F041800 42690
028 G011800 109381
028 G021800 0
028 G031800 0
028 G041800 327886
028 H001800 0
037 001800 N
038 001800 0
039 001800 N
040 001800 Y
041 001800 Y
042 A001800 0
042 B001800 0
042 C001800 100
042 D001800 0
042 E001800 0
042 F001800 0
042 G001800 0
042 H001800 0
043 001800 1
044 001800 0
045 001800 Y
046 001800 N
047 001800 Y
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048 A021800 1.000
048 B011800 150000
048 B021800 0.900
048 C011800 250000
048 C021800 0.800
048 D011800 0
048 D021800 0.000
048 E011800 0
048 E021800 0.000
048 F011800 0
048 F021800 0.000
048 G011800 0
048 G021800 0.000
048 H011800 0
048 H021800 0.000
048 I011800 0
048 I021800 0.000
048 J011800 0
048 J021800 0.000
048 K011800 500000
048 K021800 0.750
<PAGE> PAGE 169
055 A001800 N
055 B001800 N
056 001800 Y
057 001800 N
058 A001800 N
059 001800 Y
060 A001800 Y
060 B001800 Y
061 001800 5000
062 A001800 N
062 B001800 0.0
062 C001800 0.0
062 D001800 0.0
062 E001800 0.0
062 F001800 0.0
062 G001800 0.0
062 H001800 0.0
062 I001800 0.0
062 J001800 0.0
062 K001800 0.0
062 L001800 0.0
062 M001800 0.0
062 N001800 0.0
062 O001800 0.0
062 P001800 0.0
062 Q001800 0.0
062 R001800 0.0
063 A001800 0
063 B001800 0.0
066 A001800 Y
066 B001800 N
066 C001800 N
066 D001800 Y
066 E001800 N
066 F001800 N
066 G001800 N
067 001800 N
068 A001800 N
068 B001800 Y
069 001800 N
070 A011800 Y
070 A021800 Y
070 B011800 Y
070 B021800 N
070 C011800 Y
070 C021800 N
070 D011800 Y
070 D021800 N
070 E011800 Y
070 E021800 N
070 F011800 Y
<PAGE> PAGE 170
070 F021800 N
070 G011800 Y
070 G021800 N
070 H011800 Y
070 H021800 N
070 I011800 N
070 I021800 N
070 J011800 Y
070 J021800 N
070 K011800 Y
070 K021800 N
070 L011800 Y
070 L021800 Y
070 M011800 Y
070 M021800 Y
070 N011800 Y
070 N021800 N
070 O011800 N
070 O021800 N
070 P011800 Y
070 P021800 N
070 Q011800 N
070 Q021800 N
070 R011800 N
070 R021800 N
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071 B001800 204437
071 C001800 800374
071 D001800 8
072 A001800 6
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072 C001800 14954
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072 F001800 3541
072 G001800 0
072 H001800 0
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072 J001800 299
072 K001800 50
072 L001800 29
072 M001800 4
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072 O001800 0
072 P001800 0
072 Q001800 0
072 R001800 12
072 S001800 10
072 T001800 1
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072 V001800 0
<PAGE> PAGE 171
072 W001800 5
072 X001800 3951
072 Y001800 0
072 Z001800 12192
072AA001800 96060
072BB001800 6339
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072EE001800 0
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074 D001800 0
074 E001800 20632
074 F001800 771945
074 G001800 0
074 H001800 0
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074 O001800 158
074 P001800 566
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074 R011800 0
074 R021800 0
074 R031800 0
074 R041800 1046
074 S001800 0
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074 U011800 47686
074 U021800 249
074 V011800 17.30
074 V021800 17.27
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074 X001800 3
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075 A001800 0
075 B001800 871702
076 001800 0.00
008 A001901 TEMPLETON ASSET MANAGEMENT LTD.
008 B001901 A
008 C001901 801-46997
<PAGE> PAGE 172
008 D011901 SUNTEC TOWER ONE
008 D051901 SINGAPORE
008 D061901 038987
015 A001901 THE CHASE MANHATTAN BANK
015 B001901 C
015 C011901 NEW YORK
015 C021901 NY
015 C031901 11245
015 E011901 X
015 A001902 THE CHASE MANHATTAN BANK
015 B001902 S
015 C011902 BUENOS AIRES
015 D011902 ARGENTINA
015 E041902 X
015 A001903 THE CHASE MANHATTAN BANK
015 B001903 S
015 C011903 SYDNEY
015 D011903 AUSTRALIA
015 E041903 X
015 A001904 BANK AUSTRIA AG
015 B001904 S
015 C011904 VIENNA
015 D011904 AUSTRIA
015 E041904 X
015 A001905 DELETE
015 A001906 STANDARD CHARTERED BANK PLC
015 B001906 S
015 C011906 DHAKA
015 D011906 BANGLADESH
015 E041906 X
015 A001907 GENERALE BANK
015 B001907 S
015 C011907 BRUSSELS
015 D011907 BELGIUM
015 E041907 X
015 A001908 BARCLAYS BANK OF BOTSWANA LTD.
015 B001908 S
015 C011908 GABORONE
015 D011908 BOTSWANA
015 E041908 X
015 A001909 CITIBANK, N.A.
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015 C011909 SAO PAULO
015 D011909 BRAZIL
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015 A001910 HSBC BANK MIDDLE EAST
015 B001910 S
015 C011910 MANAMA
015 D011910 BAHRAIN
015 E041910 X
015 A001911 CANADIAN IMPERIAL BANK OF COMMERCE
<PAGE> PAGE 173
015 B001911 S
015 C011911 TORONTO
015 D011911 CANADA
015 E041911 X
015 A001912 DELETE
015 A001913 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001913 S
015 C011913 SHENZHEN
015 D011913 CHINA
015 E041913 X
015 A001914 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001914 S
015 C011914 SHANGHAI
015 D011914 CHINA
015 E041914 X
015 A001915 CITITRUST COLOMBIA SA
015 B001915 S
015 C011915 SANTAFE DE BOGOTA
015 D011915 COLOMBIA
015 E041915 X
015 A001916 PRIVREDNA BANKA ZAGRED D.D.
015 B001916 S
015 C011916 ZAGREB
015 D011916 CROATIA
015 E041916 X
015 A001917 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B001917 S
015 C011917 PRAGUE
015 D011917 CZECH REPUBLIC
015 E041917 X
015 A001918 DEN DANSKE BANK
015 B001918 S
015 C011918 COPENHAGEN
015 D011918 DENMARK
015 E041918 X
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015 C011919 CAIRO
015 D011919 EGYPT
015 E041919 X
015 A001920 MERITA BANK LTD.
015 B001920 S
015 C011920 HELSINKI
015 D011920 FINLAND
015 E041920 X
015 A001921 EUROCLEAR OPERATIONS CENTRE
015 B001921 S
015 C011921 BRUSSELS
015 D011921 BELGIUM
015 E041921 X
015 A001922 PARIBAS
<PAGE> PAGE 174
015 B001922 S
015 C011922 PARIS
015 D011922 FRANCE
015 E041922 X
015 A001923 DRESDNER BANK AG
015 B001923 S
015 C011923 FRANKFURT
015 D011923 GERMANY
015 E041923 X
015 A001924 BARCLAYS BANK OF GHANA LTD.
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015 C011924 ACCRA
015 D011924 GHANA
015 E041924 X
015 A001925 BARCLAYS BANK PLC
015 B001925 S
015 C011925 ATHENS
015 D011925 GREECE
015 E041925 X
015 A001926 THE CHASE MANHATTAN BANK
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015 C011926 HONG KONG
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015 E041926 X
015 A001927 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001927 S
015 C011927 MUMBAI
015 D011927 INDIA
015 E041927 X
015 A001928 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001928 S
015 C011928 JAKARTA
015 D011928 INDONESIA
015 E041928 X
015 A001929 THE BANK OF BERMUDA LIMITED
015 B001929 S
015 C011929 HAMILTON
015 D011929 BERMUDA
015 E041929 X
015 A001930 ING BANK
015 B001930 S
015 C011930 SOFIA
015 D011930 BULGARIA
015 E041930 X
015 A001931 CYPRUS POPULAR BANK
015 B001931 S
015 C011931 CYPRUS
015 D011931 CYPRUS
015 E041931 X
015 A001932 BANK OF IRELAND
015 B001932 S
<PAGE> PAGE 175
015 C011932 DUBLIN
015 D011932 IRELAND
015 E041932 X
015 A001933 BANK LEUMI LE-ISRAEL B.M.
015 B001933 S
015 C011933 TEL AVIV
015 D011933 ISRAEL
015 E041933 X
015 A001934 PARIBAS
015 B001934 S
015 C011934 MILAN
015 D011934 ITALY
015 E041934 X
015 A001935 THE FUJI BANK LTD.
015 B001935 S
015 C011935 TOKYO
015 D011935 JAPAN
015 E041935 X
015 A001936 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
015 B001936 S
015 C011936 ABIDJAN
015 D011936 IVORY COAST
015 E041936 X
015 A001937 ARAB BANK LIMITED
015 B001937 S
015 C011937 AMMAN
015 D011937 JORDAN
015 E041937 X
015 A001938 BARCLAYS BANK OF KENYA LIMITED
015 B001938 S
015 C011938 NAIROBI
015 D011938 KENYA
015 E041938 X
015 A001939 CEDEL
015 B001939 S
015 C011939 LUXEMBOURG CITY
015 D011939 EUROMARKET
015 E041939 X
015 A001940 BANQUE GENERALE DU LUXEMBOURG S.A.
015 B001940 S
015 C011940 LUXEMBOURG CITY
015 D011940 LUXEMBOURG
015 E041940 X
015 A001941 THE CHASE MANHATTAN BANK, (M) BERHAD
015 B001941 S
015 C011941 KUALA LUMPUR
015 D011941 MALAYSIA
015 E041941 X
015 A001942 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001942 S
015 C011942 PORT LOUIS
<PAGE> PAGE 176
015 D011942 MAURITIUS
015 E041942 X
015 A001943 THE BRITISH BANK OF THE MIDDLE EAST
015 B001943 S
015 C011943 BEIRUT
015 D011943 LEBANON
015 E041943 X
015 A001944 THE CHASE MANHATTAN BANK MEXICO, S.A
015 B001944 S
015 C011944 MEXICO CITY
015 D011944 MEXICO
015 E041944 X
015 A001945 BANQUE COMMERCIALE DU MAROC
015 B001945 S
015 C011945 CASABLANCA
015 D011945 MOROCCO
015 E041945 X
015 A001946 STANDARD BANK NAMIBIA LIMITED
015 B001946 S
015 C011946 WINDHOEK
015 D011946 NAMIBIA
015 E041946 X
015 A001947 ABN-AMRO BANK N.V.
015 B001947 S
015 C011947 AMSTERDAM
015 D011947 NETHERLANDS
015 E041947 X
015 A001948 NATIONAL NOMINEES LIMITED
015 B001948 S
015 C011948 AUCKLAND
015 D011948 NEW ZEALAND
015 E041948 X
015 A001949 CITIBANK, N.A.
015 B001949 S
015 C011949 QUITO
015 D011949 ECUADOR
015 E041949 X
015 A001950 DEN NORSKE BANK
015 B001950 S
015 C011950 OSLO
015 D011950 NORWAY
015 E041950 X
015 A001951 THE BRITISH BANK OF THE MIDDLE EAST
015 B001951 S
015 C011951 MUSCAT
015 D011951 OMAN
015 E041951 X
015 A001952 CITIBANK, N.A.
015 B001952 S
015 C011952 KARACHI
015 D011952 PAKISTAN
<PAGE> PAGE 177
015 E041952 X
015 A001953 CITIBANK BUDAPEST RT.
015 B001953 S
015 C011953 BUDAPEST
015 D011953 HUNGARY
015 E041953 X
015 A001954 CITIBANK, N.A.
015 B001954 S
015 C011954 LIMA
015 D011954 PERU
015 E041954 X
015 A001955 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B001955 S
015 C011955 MANILA
015 D011955 PHILIPPINES
015 E041955 X
015 A001956 BANK HANDLOWY W. WARZAWIE, S.A.
015 B001956 S
015 C011956 WARSAW
015 D011956 POLAND
015 E041956 X
015 A001957 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA SA
015 B001957 S
015 C011957 LISBON
015 D011957 PORTUGAL
015 E041957 X
015 A001958 THE CHASE MANHATTAN BANK INTERNATIONAL LTD.
015 B001958 S
015 C011958 MOSCOW
015 D011958 RUSSIA
015 E041958 X
015 A001959 STANDARD CHARTERED BANK, PLC
015 B001959 S
015 C011959 SINGAPORE
015 D011959 SINGAPORE
015 E041959 X
015 A001960 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B001960 S
015 C011960 BRATISLAVA
015 D011960 SLOVAK REPUBLIC
015 E041960 X
015 A001961 STANDARD BANK OF SOUTH AFRICA LTD.
015 B001961 S
015 C011961 JOHANNESBURG
015 D011961 SOUTH AFRICA
015 E041961 X
015 A001962 BANK AUSTRIA D.D. LJUBLJANA
015 B001962 S
015 C011962 LJUBLIJANA
015 D011962 SLOVENIA
015 E041962 X
<PAGE> PAGE 178
015 A001963 THE HONGKONG AND SHANGHAI BANKING CORP. LTD
015 B001963 S
015 C011963 SEOUL
015 D011963 SOUTH KOREA
015 E041963 X
015 A001964 THE CHASE MANHATTAN BANK, C.M.B., S.A.
015 B001964 S
015 C011964 MADRID
015 D011964 SPAIN
015 E041964 X
015 A001965 THE HONGKONG AND SHANGHAI BANKING CORP. LTD
015 B001965 S
015 C011965 COLOMBO
015 D011965 SRI LANKA
015 E041965 X
015 A001966 STANBIC BANK SWAZILAND LIMITED
015 B001966 S
015 C011966 MBABANE
015 D011966 SWAZILAND
015 E041966 X
015 A001967 SKANDINAVISKA ENSKILDA BANKEN
015 B001967 S
015 C011967 STOCKHOLM
015 D011967 SWEDEN
015 E041967 X
015 A001968 UBS AG
015 B001968 S
015 C011968 ZURICH
015 D011968 SWITZERLAND
015 E041968 X
015 A001969 THE CHASE MANHATTAN BANK
015 B001969 S
015 C011969 TAIPEI
015 D011969 TAIWAN
015 E041969 X
015 A001970 THE CHASE MANHATTAN BANK
015 B001970 S
015 C011970 BANGKOK
015 D011970 THAILAND
015 E041970 X
015 A001971 THE CHASE MANHATTAN BANK
015 B001971 S
015 C011971 ISTANBUL
015 D011971 TURKEY
015 E041971 X
015 A001972 ING BANK N.V.
015 B001972 S
015 C011972 BUCHAREST
015 D011972 ROMANIA
015 E041972 X
015 A001973 FIRST CHICAGO CLEARING CENTRE
<PAGE> PAGE 179
015 B001973 S
015 C011973 LONDON
015 D011973 UNITED KINGDOM
015 E041973 X
015 A001974 THE CHASE MANHATTAN BANK
015 B001974 S
015 C011974 LONDON
015 D011974 UNITED KINGDOM
015 E041974 X
015 A001975 BANKBOSTON, N.A.
015 B001975 S
015 C011975 MONTEVIDEO
015 D011975 URUGUAY
015 E041975 X
015 A001976 CITIBANK, N.A.
015 B001976 S
015 C011976 CARACAS
015 D011976 VENEZUELA
015 E041976 X
015 A001977 BARCLAYS BANK OF ZAMBIA LTD.
015 B001977 S
015 C011977 LUSAKA
015 D011977 ZAMBIA
015 E041977 X
015 A001978 BARCLAYS BANK OF ZIMBABWE LTD
015 B001978 S
015 C011978 HARARE
015 D011978 ZIMBABWE
015 E041978 X
015 A001979 HANSABANK, LTD.
015 B001979 S
015 C011979 TALLINN
015 D011979 ESTONIA
015 E041979 X
015 A001980 HANSABANK-LATVIJA
015 B001980 S
015 C011980 RIGA
015 D011980 LATVIA
015 E041980 X
015 A001981 VILNIAUS BANKAS
015 B001981 S
015 C011981 VILNIAUS
015 D011981 LITHUANIA
015 E041981 X
024 001900 N
025 D001901 0
025 D001902 0
025 D001903 0
025 D001904 0
025 D001905 0
025 D001906 0
<PAGE> PAGE 180
025 D001907 0
025 D001908 0
028 A011900 3078
028 A021900 0
028 A031900 0
028 A041900 9041
028 B011900 21
028 B021900 0
028 B031900 0
028 B041900 5669
028 C011900 3533
028 C021900 0
028 C031900 0
028 C041900 6427
028 D011900 4669
028 D021900 0
028 D031900 0
028 D041900 4403
028 E011900 2534
028 E021900 0
028 E031900 0
028 E041900 11386
028 F011900 3561
028 F021900 0
028 F031900 0
028 F041900 5579
028 G011900 17396
028 G021900 0
028 G031900 0
028 G041900 42505
028 H001900 0
037 001900 N
038 001900 0
039 001900 N
040 001900 Y
041 001900 Y
042 A001900 0
042 B001900 0
042 C001900 100
042 D001900 0
042 E001900 0
042 F001900 0
042 G001900 0
042 H001900 0
043 001900 0
044 001900 0
045 001900 Y
046 001900 N
047 001900 Y
048 001900 1.250
048 A011900 0
<PAGE> PAGE 181
048 A021900 0.000
048 B011900 0
048 B021900 0.000
048 C011900 0
048 C021900 0.000
048 D011900 0
048 D021900 0.000
048 E011900 0
048 E021900 0.000
048 F011900 0
048 F021900 0.000
048 G011900 0
048 G021900 0.000
048 H011900 0
048 H021900 0.000
048 I011900 0
048 I021900 0.000
048 J011900 0
048 J021900 0.000
048 K011900 0
048 K021900 0.000
055 A001900 N
055 B001900 N
056 001900 Y
057 001900 N
058 A001900 N
059 001900 Y
060 A001900 Y
060 B001900 Y
061 001900 5000
062 A001900 N
062 B001900 0.0
062 C001900 0.0
062 D001900 0.0
062 E001900 0.0
062 F001900 0.0
062 G001900 0.0
062 H001900 0.0
062 I001900 0.0
062 J001900 0.0
062 K001900 0.0
062 L001900 0.0
062 M001900 0.0
062 N001900 0.0
062 O001900 0.0
062 P001900 0.0
062 Q001900 0.0
062 R001900 0.0
063 A001900 0
063 B001900 0.0
066 A001900 Y
<PAGE> PAGE 182
066 B001900 N
066 C001900 N
066 D001900 Y
066 E001900 N
066 F001900 N
066 G001900 N
067 001900 N
068 A001900 N
068 B001900 Y
069 001900 N
070 A011900 Y
070 A021900 N
070 B011900 Y
070 B021900 N
070 C011900 Y
070 C021900 N
070 D011900 Y
070 D021900 N
070 E011900 Y
070 E021900 N
070 F011900 Y
070 F021900 N
070 G011900 Y
070 G021900 N
070 H011900 Y
070 H021900 N
070 I011900 N
070 I021900 N
070 J011900 Y
070 J021900 N
070 K011900 Y
070 K021900 N
070 L011900 Y
070 L021900 Y
070 M011900 Y
070 M021900 Y
070 N011900 Y
070 N021900 N
070 O011900 Y
070 O021900 N
070 P011900 Y
070 P021900 N
070 Q011900 N
070 Q021900 N
070 R011900 N
070 R021900 N
071 A001900 23424
071 B001900 49654
071 C001900 166856
071 D001900 14
072 A001900 6
<PAGE> PAGE 183
072 B001900 6
072 C001900 2475
072 D001900 0
072 E001900 0
072 F001900 1041
072 G001900 0
072 H001900 0
072 I001900 0
072 J001900 106
072 K001900 3
072 L001900 5
072 M001900 1
072 N001900 0
072 O001900 0
072 P001900 0
072 Q001900 0
072 R001900 2
072 S001900 9
072 T001900 0
072 U001900 0
072 V001900 0
072 W001900 0
072 X001900 1167
072 Y001900 0
072 Z001900 1314
072AA001900 8511
072BB001900 34745
072CC011900 76985
072CC021900 0
072DD011900 0
072DD021900 0
072EE001900 0
073 A011900 0.0000
073 A021900 0.0000
073 B001900 0.0000
073 C001900 0.0000
074 A001900 337
074 B001900 0
074 C001900 717
074 D001900 75
074 E001900 13164
074 F001900 173631
074 G001900 0
074 H001900 0
074 I001900 0
074 J001900 2825
074 K001900 0
074 L001900 841
074 M001900 0
074 N001900 191590
074 O001900 1386
<PAGE> PAGE 184
074 P001900 191
074 Q001900 0
074 R011900 0
074 R021900 0
074 R031900 0
074 R041900 623
074 S001900 0
074 T001900 189390
074 U011900 20102
074 U021900 63
074 V011900 9.39
074 V021900 9.38
074 W001900 0.0000
074 X001900 3
074 Y001900 0
075 A001900 0
075 B001900 168004
076 001900 0.00
008 A002001 TEMPLETON GLOBAL ADVISORS LIMITED
008 B002001 A
008 C002001 801-42343
008 D012001 NASSAU
008 D052001 BAHAMAS
015 A002001 THE CHASE MANHATTAN BANK
015 B002001 C
015 C012001 NEW YORK
015 C022001 NY
015 C032001 11245
015 E012001 X
015 A002002 THE CHASE MANHATTAN BANK
015 B002002 S
015 C012002 BUENOS AIRES
015 D012002 ARGENTINA
015 E042002 X
015 A002003 THE CHASE MANHATTAN BANK
015 B002003 S
015 C012003 SYDNEY
015 D012003 AUSTRALIA
015 E042003 X
015 A002004 BANK AUSTRIA AG
015 B002004 S
015 C012004 VIENNA
015 D012004 AUSTRIA
015 E042004 X
015 A002005 HSBC BANK MIDDLE EAST
015 B002005 S
015 C012005 MANAMA
015 D012005 BAHRAIN
015 E042005 X
015 A002006 STANDARD CHARTERED BANK PLC
015 B002006 S
<PAGE> PAGE 185
015 C012006 DHAKA
015 D012006 BANGLADESH
015 E042006 X
015 A002007 GENERALE BANK
015 B002007 S
015 C012007 BRUSSELS
015 D012007 BELGIUM
015 E042007 X
015 A002008 BARCLAYS BANK OF BOTSWANA LTD.
015 B002008 S
015 C012008 GABORONE
015 D012008 BOTSWANA
015 E042008 X
015 A002009 CITIBANK, N.A.
015 B002009 S
015 C012009 SAO PAULO
015 D012009 BRAZIL
015 E042009 X
015 A002010 CANADIAN IMPERIAL BANK OF COMMERCE
015 B002010 S
015 C012010 TORONTO
015 D012010 CANADA
015 E042010 X
015 A002011 THE BANK OF BERMUDA LIMITED
015 B002011 S
015 C012011 HAMILTON
015 D012011 BERMUDA
015 E042011 X
015 A002012 DELETE
015 A002013 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002013 S
015 C012013 SHENZHEN
015 D012013 CHINA
015 E042013 X
015 A002014 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002014 S
015 C012014 SHANGHAI
015 D012014 CHINA
015 E042014 X
015 A002015 DELETE
015 A002016 CYPRUS POPULAR BANK
015 B002016 S
015 C012016 CYPRUS
015 D012016 CYPRUS
015 E042016 X
015 A002017 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B002017 S
015 C012017 PRAGUE
015 D012017 CZECH REPUBLIC
015 E042017 X
015 A002018 DEN DANSKE BANK
<PAGE> PAGE 186
015 B002018 S
015 C012018 COPENHAGEN
015 D012018 DENMARK
015 E042018 X
015 A002019 CITIBANK, N.A.
015 B002019 S
015 C012019 QUITO
015 D012019 ECUADOR
015 E042019 X
015 A002020 CITIBANK, N.A.
015 B002020 S
015 C012020 CAIRO
015 D012020 EGYPT
015 E042020 X
015 A002021 MERITA BANK LTD
015 B002021 S
015 C012021 HELSINKI
015 D012021 FINLAND
015 E042021 X
015 A002022 PARIBAS
015 B002022 S
015 C012022 PARIS
015 D012022 FRANCE
015 E042022 X
015 A002023 DRESDNER BANK AG
015 B002023 S
015 C012023 FRANKFURT
015 D012023 GERMANY
015 E042023 X
015 A002024 BARCLAYS BANK OF GHANA LTD.
015 B002024 S
015 C012024 ACCRA
015 D012024 GHANA
015 E042024 X
015 A002025 BARCLAYS BANK PLC
015 B002025 S
015 C012025 ATHENS
015 D012025 GREECE
015 E042025 X
015 A002026 THE CHASE MANHATTAN BANK
015 B002026 S
015 C012026 HONG KONG
015 D012026 HONG KONG
015 E042026 X
015 A002027 CITIBANK BUDAPEST RT.
015 B002027 S
015 C012027 BUDAPEST
015 D012027 HUNGARY
015 E042027 X
015 A002028 EUROCLEAR OPERATIONS CENTRE
015 B002028 S
<PAGE> PAGE 187
015 C012028 BRUSSELS
015 D012028 EUROMARKET
015 E042028 X
015 A002029 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002029 S
015 C012029 MUMBAI
015 D012029 INDIA
015 E042029 X
015 A002030 PRIVREDNA BANKA ZAGREB D.D.
015 B002030 S
015 C012030 ZAGREB
015 D012030 CROATIA
015 E042030 X
015 A002031 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002031 S
015 C012031 JAKARTA
015 D012031 INDONESIA
015 E042031 X
015 A002032 BANK OF IRELAND
015 B002032 S
015 C012032 DUBLIN
015 D012032 IRELAND
015 E042032 X
015 A002033 BANK LEUMI LE-ISRAEL B.M.
015 B002033 S
015 C012033 TEL AVIV
015 D012033 ISRAEL
015 E042033 X
015 A002034 PARIBAS
015 B002034 S
015 C012034 MILAN
015 D012034 ITALY
015 E042034 X
015 A002035 THE FUJI BANK LTD.
015 B002035 S
015 C012035 TOKYO
015 D012035 JAPAN
015 E042035 X
015 A002036 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
015 B002036 S
015 C012036 ABIDJAN
015 D012036 IVORY COAST
015 E042036 X
015 A002037 CEDEL
015 B002037 S
015 C012037 LUXEMBOURG CITY
015 D012037 EUROMARKET
015 E042037 X
015 A002038 BARCLAYS BANK OF KENYA LTD.
015 B002038 S
015 C012038 NAIROBI
<PAGE> PAGE 188
015 D012038 KENYA
015 E042038 X
015 A002039 THE BRITISH BANK OF THE MIDDLE EAST
015 B002039 S
015 C012039 BEIRUT
015 D012039 LEBANON
015 E042039 X
015 A002040 BANQUE GENERALE DU LUXEMBOURG S.A.
015 B002040 S
015 C012040 LUXEMBOURG CITY
015 D012040 LUXEMBOURG
015 E042040 X
015 A002041 THE CHASE MANHATTAN BANK (M) BERHAD
015 B002041 S
015 C012041 KUALA LUMPUR
015 D012041 MALAYSIA
015 E042041 X
015 A002042 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002042 S
015 C012042 PORT LOUIS
015 D012042 MAURITIUS
015 E042042 X
015 A002044 CHASE MANHATTAN BANK MEXICO, S.A.
015 B002044 S
015 C012044 MEXICO CITY
015 D012044 MEXICO
015 E042044 X
015 A002045 BANQUE COMMERCIALE DU MAROC
015 B002045 S
015 C012045 CASABLANCA
015 D012045 MOROCCO
015 E042045 X
015 A002046 STANDARD BANK NAMIBIA LIMITED
015 B002046 S
015 C012046 WINDHOEK
015 D012046 NAMIBIA
015 E042046 X
015 A002047 ABN-AMRO BANK N.V.
015 B002047 S
015 C012047 AMSTERDAM
015 D012047 NETHERLANDS
015 E042047 X
015 A002048 NATIONAL NOMINEES LIMITED
015 B002048 S
015 C012048 AUCKLAND
015 D012048 NEW ZEALAND
015 E042048 X
015 A002049 DELETE
015 A002050 DEN NORSKE BANK
015 B002050 S
015 C012050 OSLO
<PAGE> PAGE 189
015 D012050 NORWAY
015 E042050 X
015 A002051 THE BRITISH BANK OF THE MIDDLE EAST
015 B002051 S
015 C012051 MUSCAT
015 D012051 OMAN
015 E042051 X
015 A002052 CITIBANK, N.A.
015 B002052 S
015 C012052 KARACHI
015 D012052 PAKISTAN
015 E042052 X
015 A002053 DELETE
015 A002054 CITIBANK, N.A.
015 B002054 S
015 C012054 LIMA
015 D012054 PERU
015 E042054 X
015 A002055 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002055 S
015 C012055 MANILA
015 D012055 PHILIPPINES
015 E042055 X
015 A002056 BANK HANDLOWY W. WARZAWIE S.A.
015 B002056 S
015 C012056 WARSAW
015 D012056 POLAND
015 E042056 X
015 A002057 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA SA
015 B002057 S
015 C012057 LISBON
015 D012057 PORTUGAL
015 E042057 X
015 A002058 THE CHASE MANHATTAN BANK INTERNATIONAL LTD.
015 B002058 S
015 C012058 MOSCOW
015 D012058 RUSSIA
015 E042058 X
015 A002059 STANDARD CHARTERED BANK
015 B002059 S
015 C012059 SINGAPORE
015 D012059 SINGAPORE
015 E042059 X
015 A002060 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B002060 S
015 C012060 BRATISLAVA
015 D012060 SLOVAK REPUBLIC
015 E042060 X
015 A002061 THE STANDARD BANK OF SOUTH AFRICA LTD.
015 B002061 S
015 C012061 JOHANNESBURG
<PAGE> PAGE 190
015 D012061 SOUTH AFRICA
015 E042061 X
015 A002062 ING BANK N.V.
015 B002062 S
015 C012062 BUCHAREST
015 D012062 ROMANIA
015 E042062 X
015 A002063 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002063 S
015 C012063 SEOUL
015 D012063 SOUTH KOREA
015 E042063 X
015 A002064 CHASE MANHATTAN BANK C.M.B., S.A.
015 B002064 S
015 C012064 MADRID
015 D012064 SPAIN
015 E042064 X
015 A002065 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002065 S
015 C012065 COLOMBO
015 D012065 SRI LANKA
015 E042065 X
015 A002066 STANBIC BANK SWAZILAND LIMITED
015 B002066 S
015 C012066 MBABANE
015 D012066 SWAZILAND
015 E042066 X
015 A002067 SKANDINAVISKA ENSKILDA BANKEN
015 B002067 S
015 C012067 STOCKHOLM
015 D012067 SWEDEN
015 E042067 X
015 A002068 UBS AG
015 B002068 S
015 C012068 ZURICH
015 D012068 SWITZERLAND
015 E042068 X
015 A002069 DELETE
015 A002070 THE CHASE MANHATTAN BANK
015 B002070 S
015 C012070 BANGKOK
015 D012070 THAILAND
015 E042070 X
015 A002071 THE CHASE MANHATTAN BANK
015 B002071 S
015 C012071 ISTANBUL
015 D012071 TURKEY
015 E042071 X
015 A002072 DELETE
015 A002073 THE CHASE MANHATTAN BANK
015 B002073 S
<PAGE> PAGE 191
015 C012073 LONDON
015 D012073 UNITED KINGDOM
015 E042073 X
015 A002074 FIRST CHICAGO CLEARING CENTRE
015 B002074 S
015 C012074 LONDON
015 D012074 UNITED KINGDOM
015 E042074 X
015 A002075 BANKBOSTON, N.A.
015 B002075 S
015 C012075 MONTEVIDEO
015 D012075 URUGUAY
015 E042075 X
015 A002076 CITIBANK, N.A.
015 B002076 S
015 C012076 CARACAS
015 D012076 VENEZUELA
015 E042076 X
015 A002077 BARCLAYS BANK OF ZAMBIA LIMITED
015 B002077 S
015 C012077 LUSAKA
015 D012077 ZAMBIA
015 E042077 X
015 A002078 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B002078 S
015 C012078 HARARE
015 D012078 ZIMBABWE
015 E042078 X
015 A002079 DELETE
015 A002080 DELETE
015 A002081 DELETE
024 002000 Y
025 A002001 MORGAN STANLEY DEAN WITTER & CO.
025 B002001 13-2655998
025 C002001 E
025 D002001 10568
025 A002002 DELETE
025 D002002 0
025 D002003 0
025 D002004 0
025 D002005 0
025 D002006 0
025 D002007 0
025 D002008 0
028 A012000 4734
028 A022000 0
028 A032000 0
028 A042000 16349
028 B012000 3331
028 B022000 0
028 B032000 0
<PAGE> PAGE 192
028 B042000 24858
028 C012000 3498
028 C022000 0
028 C032000 0
028 C042000 27162
028 D012000 7666
028 D022000 0
028 D032000 0
028 D042000 19934
028 E012000 3974
028 E022000 0
028 E032000 0
028 E042000 17844
028 F012000 5915
028 F022000 0
028 F032000 0
028 F042000 17064
028 G012000 29118
028 G022000 0
028 G032000 0
028 G042000 123211
028 H002000 0
037 002000 N
038 002000 0
039 002000 N
040 002000 Y
041 002000 Y
042 A002000 0
042 B002000 0
042 C002000 100
042 D002000 0
042 E002000 0
042 F002000 0
042 G002000 0
042 H002000 0
043 002000 0
044 002000 0
045 002000 Y
046 002000 N
047 002000 Y
048 002000 0.000
048 A012000 100000
048 A022000 1.000
048 B012000 150000
048 B022000 0.900
048 C012000 250000
048 C022000 0.800
048 D012000 0
048 D022000 0.000
048 E012000 0
048 E022000 0.000
<PAGE> PAGE 193
048 F012000 0
048 F022000 0.000
048 G012000 0
048 G022000 0.000
048 H012000 0
048 H022000 0.000
048 I012000 0
048 I022000 0.000
048 J012000 0
048 J022000 0.000
048 K012000 500000
048 K022000 0.750
055 A002000 N
055 B002000 N
056 002000 Y
057 002000 N
058 A002000 N
059 002000 Y
060 A002000 Y
060 B002000 Y
061 002000 5000
062 A002000 N
062 B002000 0.0
062 C002000 0.0
062 D002000 0.0
062 E002000 0.0
062 F002000 0.0
062 G002000 0.0
062 H002000 0.0
062 I002000 0.0
062 J002000 0.0
062 K002000 0.0
062 L002000 0.0
062 M002000 0.0
062 N002000 0.0
062 O002000 0.0
062 P002000 0.0
062 Q002000 0.0
062 R002000 0.0
063 A002000 0
063 B002000 0.0
066 A002000 Y
066 B002000 N
066 C002000 N
066 D002000 Y
066 E002000 N
066 F002000 N
066 G002000 N
067 002000 N
068 A002000 N
068 B002000 Y
<PAGE> PAGE 194
069 002000 N
070 A012000 Y
070 A022000 Y
070 B012000 Y
070 B022000 N
070 C012000 Y
070 C022000 N
070 D012000 Y
070 D022000 N
070 E012000 Y
070 E022000 N
070 F012000 Y
070 F022000 N
070 G012000 Y
070 G022000 N
070 H012000 Y
070 H022000 N
070 I012000 N
070 I022000 N
070 J012000 Y
070 J022000 N
070 K012000 Y
070 K022000 N
070 L012000 Y
070 L022000 Y
070 M012000 Y
070 M022000 Y
070 N012000 Y
070 N022000 N
070 O012000 N
070 O022000 N
070 P012000 Y
070 P022000 N
070 Q012000 N
070 Q022000 N
070 R012000 N
070 R022000 N
071 A002000 71768
071 B002000 144487
071 C002000 674664
071 D002000 11
072 A002000 6
072 B002000 1288
072 C002000 11344
072 D002000 0
072 E002000 0
072 F002000 2984
072 G002000 0
072 H002000 0
072 I002000 0
072 J002000 111
<PAGE> PAGE 195
072 K002000 12
072 L002000 21
072 M002000 3
072 N002000 0
072 O002000 0
072 P002000 0
072 Q002000 0
072 R002000 10
072 S002000 6
072 T002000 0
072 U002000 0
072 V002000 0
072 W002000 6
072 X002000 3153
072 Y002000 0
072 Z002000 9479
072AA002000 42192
072BB002000 25354
072CC012000 54340
072CC022000 0
072DD012000 0
072DD022000 0
072EE002000 0
073 A012000 0.0000
073 A022000 0.0000
073 B002000 0.0000
073 C002000 0.0000
074 A002000 1960
074 B002000 41328
074 C002000 1398
074 D002000 12899
074 E002000 20112
074 F002000 666478
074 G002000 0
074 H002000 0
074 I002000 0
074 J002000 231
074 K002000 0
074 L002000 4509
074 M002000 0
074 N002000 748915
074 O002000 14268
074 P002000 498
074 Q002000 0
074 R012000 0
074 R022000 0
074 R032000 0
074 R042000 504
074 S002000 0
074 T002000 733645
074 U012000 44256
<PAGE> PAGE 196
074 U022000 90
074 V012000 16.54
074 V022000 16.52
074 W002000 0.0000
074 X002000 3
074 Y002000 0
075 A002000 0
075 B002000 722318
076 002000 0.00
008 A002101 TEMPLETON GLOBAL ADVISORS LIMITED
008 B002101 A
008 C002101 801-42343
008 D012101 NASSAU
008 D052101 BAHAMAS
008 A002102 TEMPLETON INVESTMENT COUNSEL, INC.
008 B002102 S
008 C002102 801-15125
008 D012102 FT. LAUDERDALE
008 D022102 FL
008 D032102 33394
008 D042102 3091
015 A002101 THE CHASE MANHATTAN BANK
015 B002101 C
015 C012101 NEW YORK
015 C022101 NY
015 C032101 11245
015 E012101 X
015 A002102 THE CHASE MANHATTAN BANK
015 B002102 S
015 C012102 BUENOS AIRES
015 D012102 ARGENTINA
015 E042102 X
015 A002103 THE CHASE MANHATTAN BANK
015 B002103 S
015 C012103 SYDNEY
015 D012103 AUSTRALIA
015 E042103 X
015 A002104 BANK AUSTRIA AG
015 B002104 S
015 C012104 VIENNA
015 D012104 AUSTRIA
015 E042104 X
015 A002105 THE BRITISH BANK OF THE MIDDLE EAST
015 B002105 S
015 C012105 MANAMA
015 D012105 BAHRAIN
015 E042105 X
015 A002106 STANDARD CHARTERED BANK PLC
015 B002106 S
015 C012106 DHAKA
015 D012106 BANGLADESH
<PAGE> PAGE 197
015 E042106 X
015 A002107 GENERALE BANK
015 B002107 S
015 C012107 BRUSSELS
015 D012107 BELGIUM
015 E042107 X
015 A002108 BARCLAYS BANK OF BOTSWANA LTD.
015 B002108 S
015 C012108 GABORONE
015 D012108 BOTSWANA
015 E042108 X
015 A002109 CITIBANK, N.A.
015 B002109 S
015 C012109 SAO PAULO
015 D012109 BRAZIL
015 E042109 X
015 A002110 CANADIAN IMPERIAL BANK OF COMMERCE
015 B002110 S
015 C012110 TORONTO
015 D012110 CANADA
015 E042110 X
015 A002111 DELETE
015 A002112 DELETE
015 A002113 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002113 S
015 C012113 SHENZHEN
015 D012113 CHINA
015 E042113 X
015 A002114 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002114 S
015 C012114 SHANGHAI
015 D012114 CHINA
015 E042114 X
015 A002115 DELETE
015 A002116 CYPRUS POPULAR BANK
015 B002116 S
015 C012116 CYPRUS
015 D012116 CYPRUS
015 E042116 X
015 A002117 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B002117 S
015 C012117 PRAGUE
015 D012117 CZECH REPUBLIC
015 E042117 X
015 A002118 DEN DANSKE BANK
015 B002118 S
015 C012118 COPENHAGEN
015 D012118 DENMARK
015 E042118 X
015 A002119 CITIBANK, N.A.
015 B002119 S
<PAGE> PAGE 198
015 C012119 QUITO
015 D012119 ECUADOR
015 E042119 X
015 A002120 CITIBANK, N.A.
015 B002120 S
015 C012120 CAIRO
015 D012120 EGYPT
015 E042120 X
015 A002121 MERITA BANK LTD.
015 B002121 S
015 C012121 HELSINKI
015 D012121 FINLAND
015 E042121 X
015 A002122 PARIBAS
015 B002122 S
015 C012122 PARIS
015 D012122 FRANCE
015 E042122 X
015 A002123 DRESDNER BANK AG
015 B002123 S
015 C012123 FRANKFURT
015 D012123 GERMANY
015 E042123 X
015 A002124 BARCLAYS BANK OF GHANA LTD.
015 B002124 S
015 C012124 ACCRA
015 D012124 GHANA
015 E042124 X
015 A002125 BARCLAYS BANK PLC
015 B002125 S
015 C012125 ATHENS
015 D012125 GREECE
015 E042125 X
015 A002126 THE CHASE MANHATTAN BANK
015 B002126 S
015 C012126 HONG KONG
015 D012126 HONG KONG
015 E042126 X
015 A002127 CITIBANK BUDAPEST RT.
015 B002127 S
015 C012127 BUDAPEST
015 D012127 HUNGARY
015 E042127 X
015 A002128 DELETE
015 A002129 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002129 S
015 C012129 BOMBAY
015 D012129 INDIA
015 E042129 X
015 A002130 DELETE
015 A002131 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
<PAGE> PAGE 199
015 B002131 S
015 C012131 JAKARTA
015 D012131 INDONESIA
015 E042131 X
015 A002132 BANK OF IRELAND
015 B002132 S
015 C012132 DUBLIN
015 D012132 IRELAND
015 E042132 X
015 A002133 BANK LEUMI LE-ISRAEL B.M.
015 B002133 S
015 C012133 TEL AVIV
015 D012133 ISRAEL
015 E042133 X
015 A002134 PARIBAS
015 B002134 S
015 C012134 MILAN
015 D012134 ITALY
015 E042134 X
015 A002135 THE FUJI BANK LTD.
015 B002135 S
015 C012135 TOKYO
015 D012135 JAPAN
015 E042135 X
015 A002136 DELETE
015 A002137 DELETE
015 A002138 BARCLAYS BANK OF KENYA LTD.
015 B002138 S
015 C012138 NAIROBI
015 D012138 KENYA
015 E042138 X
015 A002139 CEDEL
015 B002139 S
015 C012139 LUXEMBOURG CITY
015 D012139 EUROMARKET
015 E042139 X
015 A002140 BANQUE GENERALE DU LUXEMBOURG S.A.
015 B002140 S
015 C012140 LUXEMBOURG CITY
015 D012140 LUXEMBOURG
015 E042140 X
015 A002141 CHASE MANHATTAN BANK (M) BERHAD
015 B002141 S
015 C012141 KUALA LUMPUR
015 D012141 MALAYSIA
015 E042141 X
015 A002142 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002142 S
015 C012142 PORT LOUIS
015 D012142 MAURITIUS
015 E042142 X
<PAGE> PAGE 200
015 A002144 CHASE MANHATTAN BANK MEXICO, S.A.
015 B002144 S
015 C012144 MEXICO CITY
015 D012144 MEXICO
015 E042144 X
015 A002145 BANQUE COMMERCIALE DU MAROC
015 B002145 S
015 C012145 CASABLANCA
015 D012145 MOROCCO
015 E042145 X
015 A002146 STANDARD BANK NAMIBIA LIMITED
015 B002146 S
015 C012146 WINDHOEK
015 D012146 NAMIBIA
015 E042146 X
015 A002147 ABN-AMRO BANK N.V.
015 B002147 S
015 C012147 AMSTERDAM
015 D012147 NETHERLANDS
015 E042147 X
015 A002148 NATIONAL NOMINEES LIMITED
015 B002148 S
015 C012148 AUCKLAND
015 D012148 NEW ZEALAND
015 E042148 X
015 A002149 DELETE
015 A002150 DEN NORSKE BANK
015 B002150 S
015 C012150 OSLO
015 D012150 NORWAY
015 E042150 X
015 A002151 THE BRITISH BANK OF THE MIDDLE EAST
015 B002151 S
015 C012151 MUSCAT
015 D012151 OMAN
015 E042151 X
015 A002152 DEUTSCHE BANK, A.G.
015 B002152 S
015 C012152 KARACHI
015 D012152 PAKISTAN
015 E042152 X
015 A002153 DELETE
015 A002154 CITIBANK, N.A.
015 B002154 S
015 C012154 LIMA
015 D012154 PERU
015 E042154 X
015 A002155 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002155 S
015 C012155 MANILA
015 D012155 PHILIPPINES
<PAGE> PAGE 201
015 E042155 X
015 A002156 BANK HANDLOWY W. WARZAWIE S.A.
015 B002156 S
015 C012156 WARSAW
015 D012156 POLAND
015 E042156 X
015 A002157 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA SA
015 B002157 S
015 C012157 LISBON
015 D012157 PORTUGAL
015 E042157 X
015 A002158 THE CHASE MANHATTAN BANK INTERNATIONAL LTD.
015 B002158 S
015 C012158 MOSCOW
015 D012158 RUSSIA
015 E042158 X
015 A002159 STANDARD CHARTERED BANK, PLC
015 B002159 S
015 C012159 SINGAPORE
015 D012159 SINGAPORE
015 E042159 X
015 A002160 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B002160 S
015 C012160 BRATISLAVA
015 D012160 SLOVAK REPUBLIC
015 E042160 X
015 A002161 STANDARD BANK OF SOUTH AFRICA LTD.
015 B002161 S
015 C012161 JOHANNESBURG
015 D012161 SOUTH AFRICA
015 E042161 X
015 A002162 DELETE
015 A002163 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002163 S
015 C012163 SEOUL
015 D012163 SOUTH KOREA
015 E042163 X
015 A002164 THE CHASE MANHATTAN BANK C.M.B., S.A.
015 B002164 S
015 C012164 MADRID
015 D012164 SPAIN
015 E042164 X
015 A002165 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002165 S
015 C012165 COLOMBO
015 D012165 SRI LANKA
015 E042165 X
015 A002166 STANBIC BANK SWAZILAND LIMITED
015 B002166 S
015 C012166 MBABANE
015 D012166 SWAZILAND
<PAGE> PAGE 202
015 E042166 X
015 A002167 SKANDINAVISKA ENSKILDA BANKEN
015 B002167 S
015 C012167 STOCKHOLM
015 D012167 SWEDEN
015 E042167 X
015 A002168 UBS AG
015 B002168 S
015 C012168 ZURICH
015 D012168 SWITZERLAND
015 E042168 X
015 A002169 DELETE
015 A002170 THE CHASE MANHATTAN BANK
015 B002170 S
015 C012170 BANGKOK
015 D012170 THAILAND
015 E042170 X
015 A002171 THE CHASE MANHATTAN BANK
015 B002171 S
015 C012171 ISTANBUL
015 D012171 TURKEY
015 E042171 X
015 A002172 DELETE
015 A002173 THE CHASE MANHATTAN BANK
015 B002173 S
015 C012173 LONDON
015 D012173 UNITED KINGDOM
015 E042173 X
015 A002174 FIRST CHICAGO CLEARING CENTRE
015 B002174 S
015 C012174 LONDON
015 D012174 UNITED KINGDOM
015 E042174 X
015 A002175 BANKBOSTON, N.A.
015 B002175 S
015 C012175 MONTEVIDEO
015 D012175 URUGUAY
015 E042175 X
015 A002176 CITIBANK, N.A.
015 B002176 S
015 C012176 CARACAS
015 D012176 VENEZUELA
015 E042176 X
015 A002177 BARCLAYS BANK OF ZAMBIA LTD.
015 B002177 S
015 C012177 LUSAKA
015 D012177 ZAMBIA
015 E042177 X
015 A002178 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B002178 S
015 C012178 HARARE
<PAGE> PAGE 203
015 D012178 ZIMBABWE
015 E042178 X
015 A002179 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
015 B002179 S
015 C012179 ABIDJAN
015 D012179 IVORY COAST
015 E042179 X
015 A002180 THE BRITISH BANK OF THE MIDDLE EAST
015 B002180 S
015 C012180 BEIRUT
015 D012180 LEBANON
015 E042180 X
015 A002181 EUROCLEAR OPERATIONS CENTRE
015 B002181 S
015 C012181 BRUSSELS
015 D012181 EUROMARKET
015 E042181 X
015 A002182 BANK OF BERMUDA LIMITED
015 B002182 S
015 C012182 HAMILTON
015 D012182 BERMUDA
015 E042182 X
015 A002183 PRIVREDNA BANKA ZAGREB D.D.
015 B002183 S
015 C012183 ZAGREB
015 D012183 CROATIA
015 E042183 X
015 A002184 MERITA BANK LTD.
015 B002184 S
015 C012184 HELSINKI
015 D012184 FINLAND
015 E042184 X
015 A002185 ING BANK N.V.
015 B002185 S
015 C012185 BUCHAREST
015 D012185 ROMANIA
015 E042185 X
015 A002186 DELETE
024 002100 N
025 A002101 DELETE
025 D002101 0
025 A002102 DELETE
025 D002102 0
025 D002103 0
025 D002104 0
025 D002105 0
025 D002106 0
025 D002107 0
025 D002108 0
028 A012100 499
028 A022100 0
<PAGE> PAGE 204
028 A032100 0
028 A042100 2979
028 B012100 628
028 B022100 0
028 B032100 0
028 B042100 2767
028 C012100 487
028 C022100 0
028 C032100 0
028 C042100 4343
028 D012100 793
028 D022100 0
028 D032100 0
028 D042100 3533
028 E012100 539
028 E022100 0
028 E032100 0
028 E042100 2794
028 F012100 1092
028 F022100 0
028 F032100 0
028 F042100 2024
028 G012100 4038
028 G022100 0
028 G032100 0
028 G042100 18440
028 H002100 0
037 002100 N
038 002100 0
039 002100 N
040 002100 Y
041 002100 Y
042 A002100 0
042 B002100 0
042 C002100 100
042 D002100 0
042 E002100 0
042 F002100 0
042 G002100 0
042 H002100 0
043 002100 0
044 002100 0
045 002100 Y
046 002100 N
047 002100 Y
048 002100 0.000
048 A012100 200000
048 A022100 0.650
048 B012100 1100000
048 B022100 0.585
048 C012100 0
<PAGE> PAGE 205
048 C022100 0.000
048 D012100 0
048 D022100 0.000
048 E012100 0
048 E022100 0.000
048 F012100 0
048 F022100 0.000
048 G012100 0
048 G022100 0.000
048 H012100 0
048 H022100 0.000
048 I012100 0
048 I022100 0.000
048 J012100 0
048 J022100 0.000
048 K012100 1300000
048 K022100 0.520
055 A002100 N
055 B002100 N
056 002100 Y
057 002100 N
058 A002100 N
059 002100 Y
060 A002100 Y
060 B002100 Y
061 002100 5000
062 A002100 N
062 B002100 0.0
062 C002100 0.0
062 D002100 0.0
062 E002100 0.0
062 F002100 0.0
062 G002100 0.0
062 H002100 0.0
062 I002100 0.0
062 J002100 0.0
062 K002100 0.0
062 L002100 0.0
062 M002100 0.0
062 N002100 0.0
062 O002100 0.0
062 P002100 0.0
062 Q002100 0.0
062 R002100 0.0
063 A002100 0
063 B002100 0.0
066 A002100 Y
066 B002100 N
066 C002100 N
066 D002100 N
066 E002100 Y
<PAGE> PAGE 206
066 F002100 N
066 G002100 N
067 002100 Y
068 A002100 N
068 B002100 Y
069 002100 N
070 A012100 Y
070 A022100 Y
070 B012100 Y
070 B022100 N
070 C012100 Y
070 C022100 N
070 D012100 Y
070 D022100 N
070 E012100 Y
070 E022100 N
070 F012100 Y
070 F022100 N
070 G012100 Y
070 G022100 N
070 H012100 Y
070 H022100 N
070 I012100 N
070 I022100 N
070 J012100 Y
070 J022100 Y
070 K012100 Y
070 K022100 N
070 L012100 Y
070 L022100 Y
070 M012100 Y
070 M022100 Y
070 N012100 Y
070 N022100 N
070 O012100 Y
070 O022100 N
070 P012100 Y
070 P022100 N
070 Q012100 N
070 Q022100 N
070 R012100 N
070 R022100 N
071 A002100 10046
071 B002100 22063
071 C002100 69754
071 D002100 14
072 A002100 6
072 B002100 832
072 C002100 830
072 D002100 0
072 E002100 0
<PAGE> PAGE 207
072 F002100 237
072 G002100 55
072 H002100 0
072 I002100 0
072 J002100 0
072 K002100 4
072 L002100 3
072 M002100 0
072 N002100 0
072 O002100 0
072 P002100 0
072 Q002100 0
072 R002100 2
072 S002100 0
072 T002100 0
072 U002100 0
072 V002100 0
072 W002100 0
072 X002100 301
072 Y002100 0
072 Z002100 1361
072AA002100 2731
072BB002100 3911
072CC012100 3149
072CC022100 0
072DD012100 0
072DD022100 0
072EE002100 0
073 A012100 0.0000
073 A022100 0.0000
073 B002100 0.0000
073 C002100 0.0000
074 A002100 1
074 B002100 4220
074 C002100 0
074 D002100 19564
074 E002100 1436
074 F002100 44961
074 G002100 0
074 H002100 0
074 I002100 0
074 J002100 0
074 K002100 0
074 L002100 533
074 M002100 5
074 N002100 70720
074 O002100 24
074 P002100 0
074 Q002100 0
074 R012100 0
074 R022100 0
<PAGE> PAGE 208
074 R032100 0
074 R042100 100
074 S002100 0
074 T002100 70596
074 U012100 5298
074 U022100 3
074 V012100 13.32
074 V022100 13.29
074 W002100 0.0000
074 X002100 3
074 Y002100 0
075 A002100 0
075 B002100 73537
076 002100 0.00
008 A002201 FRANKLIN ADVISERS, INC.
008 B002201 A
008 C002201 801-26292
008 D012201 SAN MATEO
008 D022201 CA
008 D032201 94404
008 D042201 1585
015 A002201 THE BANK OF NEW YORK
015 B002201 C
015 C012201 NEW YORK
015 C022201 NY
015 C032201 10286
015 E012201 X
015 A002202 BANKBOSTON, N.A.
015 B002202 S
015 C012202 BUENOS AIRES
015 D012202 ARGENTINA
015 E042202 X
015 A002203 NATIONAL AUSTRALIA BANK LTD.
015 B002203 S
015 C012203 MELBOURNE
015 D012203 AUSTRALIA
015 E042203 X
015 A002204 DELETE
015 A002205 BANK AUSTRIA AG
015 B002205 S
015 C012205 VIENNA
015 D012205 AUSTRIA
015 E042205 X
015 A002206 BANQUE BRUXELLES LAMBERT
015 B002206 S
015 C012206 BRUSSELS
015 D012206 BELGIUM
015 E042206 X
015 A002207 DELETE
015 A002208 DELETE
015 A002209 ROYAL BANK OF CANADA
<PAGE> PAGE 209
015 B002209 S
015 C012209 MONTREAL
015 D012209 CANADA
015 E042209 X
015 A002210 DELETE
015 A002211 DELETE
015 A002212 DELETE
015 A002213 DELETE
015 A002214 EUROCLEAR OPERATIONS CENTRE
015 B002214 S
015 C012214 BRUSSELS
015 D012214 EUROMARKET
015 E042214 X
015 A002215 DEN DANSKE BANK
015 B002215 S
015 C012215 COPENHAGEN
015 D012215 DENMARK
015 E042215 X
015 A002216 FIRST CHICAGO CLEARING CENTRE
015 B002216 S
015 C012216 LONDON
015 D012216 UNITED KINGDOM
015 E042216 X
015 A002217 CEDEL
015 B002217 S
015 C012217 LUXEMBOURG CITY
015 D012217 EUROMARKET
015 E042217 X
015 A002218 MERITA BANK PLC
015 B002218 S
015 C012218 HELSINKI
015 D012218 FINLAND
015 E042218 X
015 A002219 BANQUE PARIBAS, S.A.
015 B002219 S
015 C012219 PARIS
015 D012219 FRANCE
015 E042219 X
015 A002220 DELETE
015 A002221 DRESDNER BANK AG
015 B002221 S
015 C012221 FRANKFURT/MAIN
015 D012221 GERMANY
015 E042221 X
015 A002222 DELETE
015 A002223 DELETE
015 A002224 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002224 S
015 C012224 HONG KONG
015 D012224 HONG KONG
015 E042224 X
<PAGE> PAGE 210
015 A002225 DELETE
015 A002226 DELETE
015 A002227 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002227 S
015 C012227 JAKARTA
015 D012227 INDONESIA
015 E042227 X
015 A002228 ALLIED IRISH BANKS PLC
015 B002228 S
015 C012228 DUBLIN
015 D012228 IRELAND
015 E042228 X
015 A002229 DELETE
015 A002230 DELETE
015 A002231 DELETE
015 A002232 DELETE
015 A002233 BANK OF TOKYO MITSUBISHI
015 B002233 S
015 C012233 TOKYO
015 D012233 JAPAN
015 E042233 X
015 A002234 DELETE
015 A002235 DELETE
015 A002236 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEMBOU
015 B002236 S
015 C012236 LUXEMBOURG CITY
015 D012236 LUXEMBOURG
015 E042236 X
015 A002237 DELETE
015 A002238 HSBC BANK MALAYSIA BERHAD
015 B002238 S
015 C012238 KUALA LUMPUR
015 D012238 MALAYSIA
015 E042238 X
015 A002239 BANCO NACIONAL DE MEXICO
015 B002239 S
015 C012239 MEXICO CITY
015 D012239 MEXICO
015 E042239 X
015 A002240 DELETE
015 A002241 DELETE
015 A002242 DELETE
015 A002243 MEESPIERSON
015 B002243 S
015 C012243 AMSTERDAM
015 D012243 NETHERLANDS
015 E042243 X
015 A002244 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B002244 S
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<PAGE> PAGE 211
015 E042244 X
015 A002245 DELETE
015 A002246 DELETE
015 A002247 STANDARD CHARTERED BANK
015 B002247 S
015 C012247 KARACHI
015 D012247 PAKISTAN
015 E042247 X
015 A002248 DELETE
015 A002249 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002249 S
015 C012249 PASIG CITY MANILA
015 D012249 PHILIPPINES
015 E042249 X
015 A002250 DELETE
015 A002251 BANCO COMERCIAL PORTUGUES, S.A.
015 B002251 S
015 C012251 LISBON
015 D012251 PORTUGAL
015 E042251 X
015 A002252 UNITED OVERSEAS BANK LTD.
015 B002252 S
015 C012252 SINGAPORE
015 D012252 SINGAPORE
015 E042252 X
015 A002253 DELETE
015 A002254 DELETE
015 A002255 STANDARD CORPORATE AND MERCHANT BANK
015 B002255 S
015 C012255 JOHANNESBURG
015 D012255 SOUTH AFRICA
015 E042255 X
015 A002256 DELETE
015 A002257 BANCO BILBAO VIZCAYA
015 B002257 S
015 C012257 MADRID
015 D012257 SPAIN
015 E042257 X
015 A002258 STANDARD CHARTERED BANK
015 B002258 S
015 C012258 COLOMBO
015 D012258 SRI LANKA
015 E042258 X
015 A002259 DELETE
015 A002260 SKANDINAVISKA ENSKILDA BANKEN
015 B002260 S
015 C012260 STOCKHOLM
015 D012260 SWEDEN
015 E042260 X
015 A002261 DELETE
015 A002262 UBS AG
<PAGE> PAGE 212
015 B002262 S
015 C012262 ZURICH
015 D012262 SWITZERLAND
015 E042262 X
015 A002263 DELETE
015 A002264 STANDARD CHARTERED BANK
015 B002264 S
015 C012264 BANGKOK
015 D012264 THAILAND
015 E042264 X
015 A002265 DELETE
015 A002266 OSMANLI BANKASI A.S.
015 B002266 S
015 C012266 ISTANBUL
015 D012266 TURKEY
015 E042266 X
015 A002267 THE BANK OF NEW YORK
015 B002267 S
015 C012267 LONDON
015 D012267 UNITED KINGDOM
015 E042267 X
015 A002268 DELETE
015 A002269 DELETE
015 A002270 DELETE
015 A002271 STANBIC BANK ZAMBIA LTD.
015 B002271 S
015 C012271 LUSAKA
015 D012271 ZAMBIA
015 E042271 X
015 A002272 STANBIC BANK ZIMBABWE LTD.
015 B002272 S
015 C012272 HARARE
015 D012272 ZIMBABWE
015 E042272 X
015 A002273 DELETE
024 002200 N
025 D002201 0
025 D002202 0
025 D002203 0
025 D002204 0
025 D002205 0
025 D002206 0
025 D002207 0
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028 A022200 0
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<PAGE> PAGE 213
028 B042200 25653
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039 002200 N
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042 E002200 0
042 F002200 0
042 G002200 0
042 H002200 0
043 002200 0
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046 002200 N
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048 B012200 500000
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<PAGE> PAGE 214
048 F012200 0
048 F022200 0.000
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048 H012200 0
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048 I012200 0
048 I022200 0.000
048 J012200 0
048 J022200 0.000
048 K012200 1000000
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055 A002200 N
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056 002200 N
057 002200 N
058 A002200 N
059 002200 Y
060 A002200 Y
060 B002200 Y
061 002200 5000
062 A002200 N
062 B002200 0.0
062 C002200 0.0
062 D002200 0.0
062 E002200 0.0
062 F002200 0.0
062 G002200 0.0
062 H002200 0.0
062 I002200 0.0
062 J002200 0.0
062 K002200 0.0
062 L002200 0.0
062 M002200 0.0
062 N002200 0.0
062 O002200 0.0
062 P002200 0.0
062 Q002200 0.0
062 R002200 0.0
063 A002200 0
063 B002200 0.0
066 A002200 Y
066 B002200 N
066 C002200 N
066 D002200 Y
066 E002200 N
066 F002200 N
066 G002200 N
067 002200 N
068 A002200 N
068 B002200 N
<PAGE> PAGE 215
069 002200 N
070 A012200 Y
070 A022200 Y
070 B012200 Y
070 B022200 N
070 C012200 Y
070 C022200 N
070 D012200 Y
070 D022200 N
070 E012200 Y
070 E022200 N
070 F012200 Y
070 F022200 N
070 G012200 Y
070 G022200 N
070 H012200 Y
070 H022200 N
070 I012200 N
070 I022200 N
070 J012200 Y
070 J022200 N
070 K012200 N
070 K022200 N
070 L012200 Y
070 L022200 Y
070 M012200 Y
070 M022200 N
070 N012200 Y
070 N022200 Y
070 O012200 Y
070 O022200 N
070 P012200 Y
070 P022200 N
070 Q012200 N
070 Q022200 N
070 R012200 N
070 R022200 N
071 A002200 65748
071 B002200 113762
071 C002200 284838
071 D002200 23
072 A002200 6
072 B002200 321
072 C002200 696
072 D002200 0
072 E002200 0
072 F002200 1101
072 G002200 0
072 H002200 0
072 I002200 0
072 J002200 2
<PAGE> PAGE 216
072 K002200 10
072 L002200 10
072 M002200 1
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072 O002200 0
072 P002200 0
072 Q002200 0
072 R002200 6
072 S002200 2
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072 U002200 0
072 V002200 0
072 W002200 3
072 X002200 1135
072 Y002200 0
072 Z002200 -118
072AA002200 35624
072BB002200 20005
072CC012200 27501
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072DD022200 0
072EE002200 0
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074 A002200 0
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074 C002200 0
074 D002200 0
074 E002200 0
074 F002200 290108
074 G002200 0
074 H002200 0
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074 M002200 0
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074 R012200 0
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<PAGE> PAGE 217
074 U022200 5
074 V012200 15.98
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074 W002200 0.0000
074 X002200 3
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008 A002301 FRANKLIN ADVISERS, INC.
008 B002301 A
008 C002301 801-26292
008 D012301 SAN MATEO
008 D022301 CA
008 D032301 94404
008 D042301 1585
015 A002301 THE BANK OF NEW YORK
015 B002301 C
015 C012301 NEW YORK
015 C022301 NY
015 C032301 10286
015 E012301 X
015 A002302 BANKBOSTON, N.A.
015 B002302 S
015 C012302 BUENOS AIRES
015 D012302 ARGENTINA
015 E042302 X
015 A002303 NATIONAL AUSTRALIA BANK LTD.
015 B002303 S
015 C012303 MELBOURNE
015 D012303 AUSTRALIA
015 E042303 X
015 A002304 BANK AUSTRIA AG
015 B002304 S
015 C012304 VIENNA
015 D012304 AUSTRIA
015 E042304 X
015 A002306 BANQUE BRUXELLES LAMBERT
015 B002306 S
015 C012306 BRUSSELS
015 D012306 BELGIUM
015 E042306 X
015 A002309 ROYAL BANK OF CANADA
015 B002309 S
015 C012309 MONTREAL
015 D012309 CANADA
015 E042309 X
015 A002315 DEN DANSKE BANK
015 B002315 S
015 C012315 COPENHAGEN
015 D012315 DENMARK
<PAGE> PAGE 218
015 E042315 X
015 A002318 MERITA BANK PLC
015 B002318 S
015 C012318 HELSINKI
015 D012318 FINLAND
015 E042318 X
015 A002319 BANQUE PARIBAS, S.A.
015 B002319 S
015 C012319 PARIS
015 D012319 FRANCE
015 E042319 X
015 A002321 DRESDNER BANK AG
015 B002321 S
015 C012321 FRANKFURT/MAIN
015 D012321 GERMANY
015 E042321 X
015 A002324 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002324 S
015 C012324 HONG KONG
015 D012324 HONG KONG
015 E042324 X
015 A002327 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002327 S
015 C012327 JAKARTA
015 D012327 INDONESIA
015 E042327 X
015 A002328 ALLIED IRISH BANKS PLC
015 B002328 S
015 C012328 DUBLIN
015 D012328 IRELAND
015 E042328 X
015 A002333 BANK OF TOKYO MITSUBISHI
015 B002333 S
015 C012333 TOKYO
015 D012333 JAPAN
015 E042333 X
015 A002336 BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEMBOU
015 B002336 S
015 C012336 LUXEMBOURG CITY
015 D012336 LUXEMBOURG
015 E042336 X
015 A002338 HSBC BANK MALAYSIA BERHAD
015 B002338 S
015 C012338 KUALA LUMPUR
015 D012338 MALAYSIA
015 E042338 X
015 A002339 BANCO NACIONAL DE MEXICO
015 B002339 S
015 C012339 MEXICO CITY
015 D012339 MEXICO
015 E042339 X
<PAGE> PAGE 219
015 A002343 MEESPIERSON
015 B002343 S
015 C012343 AMSTERDAM
015 D012343 NETHERLANDS
015 E042343 X
015 A002344 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B002344 S
015 C012344 WELLINGTON
015 D012344 NEW ZEALAND
015 E042344 X
015 A002347 STANDARD CHARTERED BANK
015 B002347 S
015 C012347 KARACHI
015 D012347 PAKISTAN
015 E042347 X
015 A002349 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002349 S
015 C012349 PASIG CITY MANILA
015 D012349 PHILIPPINES
015 E042349 X
015 A002351 BANCO COMERCIAL PORTUGUES, S.A.
015 B002351 S
015 C012351 LISBON
015 D012351 PORTUGAL
015 E042351 X
015 A002352 UNITED OVERSEAS BANK LTD.
015 B002352 S
015 C012352 SINGAPORE
015 D012352 SINGAPORE
015 E042352 X
015 A002355 STANDARD CORPORATE AND MERCHANT BANK
015 B002355 S
015 C012355 JOHANNESBURG
015 D012355 SOUTH AFRICA
015 E042355 X
015 A002357 BANCO BILBAO VIZCAYA
015 B002357 S
015 C012357 MADRID
015 D012357 SPAIN
015 E042357 X
015 A002360 SKANDINAVISKA ENSKILDA BANKEN
015 B002360 S
015 C012360 STOCKHOLM
015 D012360 SWEDEN
015 E042360 X
015 A002361 UBS AG
015 B002361 S
015 C012361 ZURICH
015 D012361 SWITZERLAND
015 E042361 X
015 A002364 STANDARD CHARTERED BANK
<PAGE> PAGE 220
015 B002364 S
015 C012364 BANGKOK
015 D012364 THAILAND
015 E042364 X
015 A002366 OSMANLI BANKASI A.S.
015 B002366 S
015 C012366 ISTANBUL
015 D012366 TURKEY
015 E042366 X
015 A002367 THE BANK OF NEW YORK
015 B002367 S
015 C012367 LONDON
015 D012367 UNITED KINGDOM
015 E042367 X
015 A002368 FIRST CHICAGO CLEARING CENTRE
015 B002368 S
015 C012368 LONDON
015 D012368 UNITED KINGDOM
015 E042368 X
015 A002371 STANBIC BANK ZAMBIA LTD.
015 B002371 S
015 C012371 LUSAKA
015 D012371 ZAMBIA
015 E042371 X
015 A002372 STANBIC BANK ZIMBABWE LTD.
015 B002372 S
015 C012372 HARARE
015 D012372 ZIMBABWE
015 E042372 X
015 A002374 CEDEL
015 B002374 S
015 C012374 LUXEMBOURG CITY
015 D012374 EUROMARKET
015 E042374 X
015 A002375 EUROCLEAR OPERATIONS CENTRE
015 B002375 S
015 C012375 BRUSSELS
015 D012375 EUROMARKET
015 E042375 X
024 002300 Y
025 A002301 GOLDMAN SACHS GROUP INC.
025 B002301 13-5108880
025 C002301 E
025 D002301 1633
025 D002302 0
025 D002303 0
025 D002304 0
025 D002305 0
025 D002306 0
025 D002307 0
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<PAGE> PAGE 221
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<PAGE> PAGE 222
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066 A002300 Y
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<PAGE> PAGE 223
066 D002300 Y
066 E002300 N
066 F002300 N
066 G002300 N
067 002300 N
068 A002300 N
068 B002300 N
069 002300 N
070 A012300 Y
070 A022300 Y
070 B012300 Y
070 B022300 N
070 C012300 Y
070 C022300 N
070 D012300 Y
070 D022300 N
070 E012300 Y
070 E022300 N
070 F012300 Y
070 F022300 N
070 G012300 Y
070 G022300 N
070 H012300 Y
070 H022300 N
070 I012300 N
070 I022300 N
070 J012300 Y
070 J022300 N
070 K012300 Y
070 K022300 N
070 L012300 Y
070 L022300 Y
070 M012300 Y
070 M022300 N
070 N012300 Y
070 N022300 N
070 O012300 Y
070 O022300 N
070 P012300 Y
070 P022300 N
070 Q012300 N
070 Q022300 N
070 R012300 Y
070 R022300 N
071 A002300 114912
071 B002300 23061
071 C002300 255157
071 D002300 9
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<PAGE> PAGE 224
072 D002300 0
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<PAGE> PAGE 225
074 R012300 0
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008 A002401 TEMPLETON INVESTMENT COUNSEL, INC.
008 B002401 A
008 C002401 801-15125
008 D012401 FT. LAUDERDALE
008 D022401 FL
008 D032401 33394
008 D042401 3091
015 A002401 THE CHASE MANHATTAN BANK
015 B002401 C
015 C012401 NEW YORK
015 C022401 NY
015 C032401 11245
015 E012401 X
015 A002402 THE CHASE MANHATTAN BANK
015 B002402 S
015 C012402 BUENOS AIRES
015 D012402 ARGENTINA
015 E042402 X
015 A002403 THE CHASE MANHATTAN BANK
015 B002403 S
015 C012403 SYDNEY
015 D012403 AUSTRALIA
015 E042403 X
015 A002404 BANK AUSTRIA AG
015 B002404 S
015 C012404 VIENNA
015 D012404 AUSTRIA
015 E042404 X
015 A002405 HSBC BANK MIDDLE EAST
015 B002405 S
015 C012405 MANAMA
015 D012405 BAHRAIN
015 E042405 X
015 A002406 STANDARD CHARTERED BANK PLC
015 B002406 S
<PAGE> PAGE 226
015 C012406 DHAKA
015 D012406 BANGLADESH
015 E042406 X
015 A002407 GENERALE BANK
015 B002407 S
015 C012407 BRUSSELS
015 D012407 BELGIUM
015 E042407 X
015 A002408 BARCLAYS BANK OF BOTSWANA LTD.
015 B002408 S
015 C012408 GABORONE
015 D012408 BOTSWANA
015 E042408 X
015 A002409 CITIBANK, N.A.
015 B002409 S
015 C012409 SAO PAULO
015 D012409 BRAZIL
015 E042409 X
015 A002410 CANADIAN IMPERIAL BANK OF COMMERCE
015 B002410 S
015 C012410 TORONTO
015 D012410 CANADA
015 E042410 X
015 A002411 DELETE
015 A002412 DELETE
015 A002413 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002413 S
015 C012413 SHENZHEN
015 D012413 CHINA
015 E042413 X
015 A002414 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002414 S
015 C012414 SHANGHAI
015 D012414 CHINA
015 E042414 X
015 A002415 DELETE
015 A002416 CYPRUS POPULAR BANK
015 B002416 S
015 C012416 CYPRUS
015 D012416 CYPRUS
015 E042416 X
015 A002417 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B002417 S
015 C012417 PRAGUE
015 D012417 CZECH REPUBLIC
015 E042417 X
015 A002418 DEN DANSKE BANK
015 B002418 S
015 C012418 COPENHAGEN
015 D012418 DENMARK
015 E042418 X
<PAGE> PAGE 227
015 A002419 CITIBANK, N.A.
015 B002419 S
015 C012419 QUITO
015 D012419 ECUADOR
015 E042419 X
015 A002420 CITIBANK, N.A.
015 B002420 S
015 C012420 CAIRO
015 D012420 EGYPT
015 E042420 X
015 A002421 MERITA BANK LTD.
015 B002421 S
015 C012421 HELSINKI
015 D012421 FINLAND
015 E042421 X
015 A002422 PARIBAS
015 B002422 S
015 C012422 PARIS
015 D012422 FRANCE
015 E042422 X
015 A002423 DRESDNER BANK AG
015 B002423 S
015 C012423 FRANKFURT
015 D012423 GERMANY
015 E042423 X
015 A002424 BARCLAYS BANK OF GHANA LTD.
015 B002424 S
015 C012424 ACCRA
015 D012424 GHANA
015 E042424 X
015 A002425 BARCLAYS BANK PLC
015 B002425 S
015 C012425 ATHENS
015 D012425 GREECE
015 E042425 X
015 A002426 THE CHASE MANHATTAN BANK
015 B002426 S
015 C012426 HONG KONG
015 D012426 HONG KONG
015 E042426 X
015 A002427 CITIBANK BUDAPEST RT.
015 B002427 S
015 C012427 BUDAPEST
015 D012427 HUNGARY
015 E042427 X
015 A002428 DELETE
015 A002429 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002429 S
015 C012429 MUMBAI
015 D012429 INDIA
015 E042429 X
<PAGE> PAGE 228
015 A002430 DELETE
015 A002431 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B002431 S
015 C012431 JAKARTA
015 D012431 INDONESIA
015 E042431 X
015 A002432 BANK OF IRELAND
015 B002432 S
015 C012432 DUBLIN
015 D012432 IRELAND
015 E042432 X
015 A002433 BANK LEUMI LE-ISRAEL B.M.
015 B002433 S
015 C012433 TEL AVIV
015 D012433 ISRAEL
015 E042433 X
015 A002434 PARIBAS
015 B002434 S
015 C012434 MILAN
015 D012434 ITALY
015 E042434 X
015 A002435 THE FUJI BANK LTD.
015 B002435 S
015 C012435 TOKYO
015 D012435 JAPAN
015 E042435 X
015 A002436 DELETE
015 A002437 DELETE
015 A002438 BARCLAYS BANK OF KENYA LTD.
015 B002438 S
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015 D012438 KENYA
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015 C012441 KUALA LUMPUR
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015 A002442 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
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015 D012442 MAURITIUS
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<PAGE> PAGE 229
015 C012443 BEIRUT
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015 A002444 CHASE MANHATTAN BANK MEXICO, S.A.
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015 A002452 DEUTSCHE BANK A.G.
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<PAGE> PAGE 230
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<PAGE> PAGE 231
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<PAGE> PAGE 232
015 A002478 BARCLAYS BANK OF ZIMBABWE LTD.
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<PAGE> PAGE 233
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<PAGE> PAGE 234
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<PAGE> PAGE 235
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<PAGE> PAGE 236
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<PAGE> PAGE 237
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008 A002501 FRANKLIN MUTUAL ADVISERS, LLC
008 B002501 A
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008 D012501 SHORT HILLS
008 D022501 NJ
008 D032501 07078
015 A002501 THE BANK OF NEW YORK
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<PAGE> PAGE 238
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015 A002512 DELETE
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<PAGE> PAGE 239
015 A002523 NATIONAL BANK OF GREECE SA
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015 A002524 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
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<PAGE> PAGE 240
015 A002538 STANBIC BANK KENYA LTD.
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<PAGE> PAGE 241
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<PAGE> PAGE 242
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<PAGE> PAGE 243
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<PAGE> PAGE 244
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<PAGE> PAGE 245
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<PAGE> PAGE 246
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<PAGE> PAGE 248
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<PAGE> PAGE 250
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<PAGE> PAGE 251
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<PAGE> PAGE 252
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<PAGE> PAGE 253
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<PAGE> PAGE 254
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<PAGE> PAGE 255
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<PAGE> PAGE 256
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<PAGE> PAGE 257
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<PAGE> PAGE 258
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<PAGE> PAGE 259
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<PAGE> PAGE 260
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<PAGE> PAGE 261
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<PAGE> PAGE 262
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<PAGE> PAGE 263
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<PAGE> PAGE 264
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<PAGE> PAGE 265
070 K022700 N
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<PAGE> PAGE 266
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008 A002801 FRANKLIN ADVISORY SERVICES, LLC
008 B002801 A
008 C002801 801-51967
008 D012801 FORT LEE
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008 D032801 07024
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<PAGE> PAGE 267
015 B002802 S
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015 A002808 DEN DANSKE BANK
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<PAGE> PAGE 268
015 A002814 BANQUE PARIBAS, S.A.
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015 C012819 JAKARTA
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<PAGE> PAGE 269
015 D012826 MALAYSIA
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015 D012829 NEW ZEALAND
015 E042829 X
015 A002830 DEN NORSKE BANK ASA
015 B002830 S
015 C012830 OSLO
015 D012830 NORWAY
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015 A002833 UNITED OVERSEAS BANK LTD.
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015 D012833 SINGAPORE
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015 A002837 SKANDINAVISKA ENSKILDA BANKEN
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<PAGE> PAGE 270
015 D012837 SWEDEN
015 E042837 X
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015 A002839 UBS AG
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015 D012840 THAILAND
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015 A002842 OSMANLI BANKASI A.S.
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015 A002844 STANBIC BANK ZAMBIA LTD.
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015 A002845 STANBIC BANK ZIMBABWE LTD.
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<PAGE> PAGE 271
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<PAGE> PAGE 272
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<PAGE> PAGE 273
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<PAGE> PAGE 274
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<PAGE> PAGE 275
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<PAGE> PAGE 276
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SIGNATURE KIMBERLEY MONASTERIO
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 011
<NAME> MONEY MARKET FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 315,554,350
<INVESTMENTS-AT-VALUE> 315,554,350
<RECEIVABLES> 39,053,743
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<OTHER-ITEMS-LIABILITIES> 4,852,889
<TOTAL-LIABILITIES> 4,852,889
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 349,755,204
<SHARES-COMMON-STOCK> 347,023,568
<SHARES-COMMON-PRIOR> 414,340,758
<ACCUMULATED-NII-CURRENT> 0
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<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 349,755,204
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 9,665,523
<OTHER-INCOME> 0
<EXPENSES-NET> (1,025,371)
<NET-INVESTMENT-INCOME> 8,640,152
<REALIZED-GAINS-CURRENT> 208
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 8,640,360
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,627,302)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 352,013,600
<NUMBER-OF-SHARES-REDEEMED> (427,958,113)
<SHARES-REINVESTED> 8,627,323
<NET-CHANGE-IN-ASSETS> (64,585,554)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (998,583)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,025,371)
<AVERAGE-NET-ASSETS> 391,953,211
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .020
<PER-SHARE-GAIN-APPREC> .000
<PER-SHARE-DIVIDEND> (.020)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .520<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 012
<NAME> MONEY MARKET FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 315,554,350
<INVESTMENTS-AT-VALUE> 315,554,350
<RECEIVABLES> 39,053,743
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 354,608,093
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<OTHER-ITEMS-LIABILITIES> 4,852,889
<TOTAL-LIABILITIES> 4,852,889
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 349,755,204
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<NET-INVESTMENT-INCOME> 8,640,152
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<NUMBER-OF-SHARES-REDEEMED> (23,206,155)
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<GROSS-ADVISORY-FEES> (998,583)
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<GROSS-EXPENSE> (1,025,371)
<AVERAGE-NET-ASSETS> 391,953,211
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .020
<PER-SHARE-GAIN-APPREC> .000
<PER-SHARE-DIVIDEND> (.020)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .820<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6, 1999 (EFFECTIVE DATE) TO JUNE 30, 1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 021
<NAME> GROWTH & INCOME FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 892,898,162
<INVESTMENTS-AT-VALUE> 1,140,073,416
<RECEIVABLES> 76,766,066
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,216,839,482
<PAYABLE-FOR-SECURITIES> 12,041,510
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,701,342
<TOTAL-LIABILITIES> 13,742,852
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 704,542,338
<SHARES-COMMON-STOCK> 54,749,803
<SHARES-COMMON-PRIOR> 64,782,428
<ACCUMULATED-NII-CURRENT> 61,413,191
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 189,965,847
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 247,175,254
<NET-ASSETS> 1,203,096,630
<DIVIDEND-INCOME> 19,753,412
<INTEREST-INCOME> 1,407,992
<OTHER-INCOME> 0
<EXPENSES-NET> (3,021,788)
<NET-INVESTMENT-INCOME> 18,139,616
<REALIZED-GAINS-CURRENT> 70,881,792
<APPREC-INCREASE-CURRENT> 2,267,721
<NET-CHANGE-FROM-OPS> 91,289,129
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,726,021
<NUMBER-OF-SHARES-REDEEMED> (12,758,646)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (115,646,643)
<ACCUMULATED-NII-PRIOR> 43,273,575
<ACCUMULATED-GAINS-PRIOR> 119,084,055
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (2,889,139)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (3,021,788)
<AVERAGE-NET-ASSETS> 1,239,350,682
<PER-SHARE-NAV-BEGIN> 20.360
<PER-SHARE-NII> .300
<PER-SHARE-GAIN-APPREC> 1.310
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 21.970
<EXPENSE-RATIO> .490<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 022
<NAME> GROWTH & INCOME FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 892,898,162
<INVESTMENTS-AT-VALUE> 1,140,073,416
<RECEIVABLES> 76,766,066
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,216,839,482
<PAYABLE-FOR-SECURITIES> 12,041,510
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,701,342
<TOTAL-LIABILITIES> 13,742,852
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 704,542,338
<SHARES-COMMON-STOCK> 23,282
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 61,413,191
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 189,965,847
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 247,175,254
<NET-ASSETS> 1,203,096,630
<DIVIDEND-INCOME> 19,753,412
<INTEREST-INCOME> 1,407,992
<OTHER-INCOME> 0
<EXPENSES-NET> (3,021,788)
<NET-INVESTMENT-INCOME> 18,139,616
<REALIZED-GAINS-CURRENT> 70,881,792
<APPREC-INCREASE-CURRENT> 2,267,721
<NET-CHANGE-FROM-OPS> 91,289,129
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 27,862
<NUMBER-OF-SHARES-REDEEMED> (4,580)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (115,646,643)
<ACCUMULATED-NII-PRIOR> 43,273,575
<ACCUMULATED-GAINS-PRIOR> 119,084,055
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (2,889,139)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (3,021,788)
<AVERAGE-NET-ASSETS> 1,239,350,682
<PER-SHARE-NAV-BEGIN> 20.710
<PER-SHARE-NII> .240
<PER-SHARE-GAIN-APPREC> .980
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 21.930
<EXPENSE-RATIO> .790<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6, 1999 (EFFECTIVE DATE) TO JUNE 30, 1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 031
<NAME> NATURAL RESOURCES SECURITIES FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 47,714,139
<INVESTMENTS-AT-VALUE> 49,389,673
<RECEIVABLES> 1,269,408
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 50,659,081
<PAYABLE-FOR-SECURITIES> 103,964
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 203,130
<TOTAL-LIABILITIES> 307,094
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 71,009,379
<SHARES-COMMON-STOCK> 4,640,233
<SHARES-COMMON-PRIOR> 5,476,199
<ACCUMULATED-NII-CURRENT> 933,095
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (23,266,021)
<ACCUM-APPREC-OR-DEPREC> 1,675,534
<NET-ASSETS> 50,351,987
<DIVIDEND-INCOME> 318,904
<INTEREST-INCOME> 40,325
<OTHER-INCOME> 0
<EXPENSES-NET> (153,191)
<NET-INVESTMENT-INCOME> 206,038
<REALIZED-GAINS-CURRENT> 140,457
<APPREC-INCREASE-CURRENT> 11,868,065
<NET-CHANGE-FROM-OPS> 12,214,560
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,402,323
<NUMBER-OF-SHARES-REDEEMED> (3,238,289)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,424,941
<ACCUMULATED-NII-PRIOR> 727,057
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (23,406,478)
<GROSS-ADVISORY-FEES> (145,311)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (153,191)
<AVERAGE-NET-ASSETS> 46,903,572
<PER-SHARE-NAV-BEGIN> 8.390
<PER-SHARE-NII> .040
<PER-SHARE-GAIN-APPREC> 2.410
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 10.840
<EXPENSE-RATIO> .670<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 032
<NAME> NATURAL RESOURCES SECURITIES FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 47,714,139
<INVESTMENTS-AT-VALUE> 49,389,673
<RECEIVABLES> 1,269,408
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 50,659,081
<PAYABLE-FOR-SECURITIES> 103,964
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 203,130
<TOTAL-LIABILITIES> 307,094
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 71,009,379
<SHARES-COMMON-STOCK> 4,021
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 933,095
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (23,266,021)
<ACCUM-APPREC-OR-DEPREC> 1,675,534
<NET-ASSETS> 50,351,987
<DIVIDEND-INCOME> 318,904
<INTEREST-INCOME> 40,325
<OTHER-INCOME> 0
<EXPENSES-NET> (153,191)
<NET-INVESTMENT-INCOME> 206,038
<REALIZED-GAINS-CURRENT> 140,457
<APPREC-INCREASE-CURRENT> 11,868,065
<NET-CHANGE-FROM-OPS> 12,214,560
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,023
<NUMBER-OF-SHARES-REDEEMED> (2)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,424,941
<ACCUMULATED-NII-PRIOR> 727,057
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (23,406,478)
<GROSS-ADVISORY-FEES> (145,311)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (153,191)
<AVERAGE-NET-ASSETS> 46,903,572
<PER-SHARE-NAV-BEGIN> 8.700
<PER-SHARE-NII> .020
<PER-SHARE-GAIN-APPREC> 2.110
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 10.830
<EXPENSE-RATIO> .970<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6, 1999 (EFFECTIVE DATE) TO JUNE 30, 1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 041
<NAME> REAL ESTATE SECURITIES FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 205,902,433
<INVESTMENTS-AT-VALUE> 218,036,187
<RECEIVABLES> 6,978,639
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 225,014,826
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 519,517
<TOTAL-LIABILITIES> 519,517
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 153,211,325
<SHARES-COMMON-STOCK> 10,665,086
<SHARES-COMMON-PRIOR> 14,164,554
<ACCUMULATED-NII-CURRENT> 23,943,538
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 35,206,692
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12,133,754
<NET-ASSETS> 224,495,309
<DIVIDEND-INCOME> 5,613,414
<INTEREST-INCOME> 122,726
<OTHER-INCOME> 0
<EXPENSES-NET> (702,306)
<NET-INVESTMENT-INCOME> 5,033,834
<REALIZED-GAINS-CURRENT> 10,710,550
<APPREC-INCREASE-CURRENT> (3,935,850)
<NET-CHANGE-FROM-OPS> 11,808,534
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 375,550
<NUMBER-OF-SHARES-REDEEMED> (3,875,018)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (57,795,098)
<ACCUMULATED-NII-PRIOR> 18,909,704
<ACCUMULATED-GAINS-PRIOR> 24,496,142
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (671,739)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (702,306)
<AVERAGE-NET-ASSETS> 246,455,541
<PER-SHARE-NAV-BEGIN> 19.930
<PER-SHARE-NII> .680
<PER-SHARE-GAIN-APPREC> .440
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 21.050
<EXPENSE-RATIO> .570<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 042
<NAME> REAL ESTATE SECURITIES FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 205,902,433
<INVESTMENTS-AT-VALUE> 218,036,187
<RECEIVABLES> 6,978,639
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 225,014,826
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 519,517
<TOTAL-LIABILITIES> 519,517
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 153,211,325
<SHARES-COMMON-STOCK> 2,114
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 23,943,538
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 35,206,692
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12,133,754
<NET-ASSETS> 224,495,309
<DIVIDEND-INCOME> 5,613,414
<INTEREST-INCOME> 122,726
<OTHER-INCOME> 0
<EXPENSES-NET> (702,306)
<NET-INVESTMENT-INCOME> 5,033,834
<REALIZED-GAINS-CURRENT> 10,710,550
<APPREC-INCREASE-CURRENT> (3,935,850)
<NET-CHANGE-FROM-OPS> 11,808,534
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,118
<NUMBER-OF-SHARES-REDEEMED> (4)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (57,795,098)
<ACCUMULATED-NII-PRIOR> 18,909,704
<ACCUMULATED-GAINS-PRIOR> 24,496,142
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (671,739)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (702,306)
<AVERAGE-NET-ASSETS> 246,455,541
<PER-SHARE-NAV-BEGIN> 20.210
<PER-SHARE-NII> .380
<PER-SHARE-GAIN-APPREC> .430
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 21.020
<EXPENSE-RATIO> .870<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6, 1999 (EFFECTIVE DATE) TO JUNE 30, 1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRE
TY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 051
<NAME> GLOBAL UTILITIES SECURITIES FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 687,171,705
<INVESTMENTS-AT-VALUE> 839,159,255
<RECEIVABLES> 57,900,476
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 897,059,731
<PAYABLE-FOR-SECURITIES> 3,637,590
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,181,665
<TOTAL-LIABILITIES> 4,819,255
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 506,738,525
<SHARES-COMMON-STOCK> 40,018,839
<SHARES-COMMON-PRIOR> 48,260,709
<ACCUMULATED-NII-CURRENT> 43,191,352
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 190,340,293
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 151,970,306
<NET-ASSETS> 892,240,476
<DIVIDEND-INCOME> 11,971,588
<INTEREST-INCOME> 534,762
<OTHER-INCOME> 0
<EXPENSES-NET> (2,314,588)
<NET-INVESTMENT-INCOME> 10,191,762
<REALIZED-GAINS-CURRENT> 110,424,263
<APPREC-INCREASE-CURRENT> (45,737,665)
<NET-CHANGE-FROM-OPS> 74,878,360
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 710,275
<NUMBER-OF-SHARES-REDEEMED> (8,952,145)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (94,514,720)
<ACCUMULATED-NII-PRIOR> 32,999,590
<ACCUMULATED-GAINS-PRIOR> 79,916,030
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (2,157,610)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (2,314,588)
<AVERAGE-NET-ASSETS> 911,546,286
<PER-SHARE-NAV-BEGIN> 20.450
<PER-SHARE-NII> .230
<PER-SHARE-GAIN-APPREC> 1.610
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 22.290
<EXPENSE-RATIO> .510<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 052
<NAME> GLOBAL UTILITIES SECURITIES FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 687,171,705
<INVESTMENTS-AT-VALUE> 839,159,255
<RECEIVABLES> 57,900,476
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 897,059,731
<PAYABLE-FOR-SECURITIES> 3,637,590
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,181,665
<TOTAL-LIABILITIES> 4,819,255
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 506,738,525
<SHARES-COMMON-STOCK> 12,030
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 43,191,352
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 190,340,293
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 151,970,306
<NET-ASSETS> 892,240,476
<DIVIDEND-INCOME> 11,971,588
<INTEREST-INCOME> 534,762
<OTHER-INCOME> 0
<EXPENSES-NET> (2,314,588)
<NET-INVESTMENT-INCOME> 10,191,762
<REALIZED-GAINS-CURRENT> 110,424,263
<APPREC-INCREASE-CURRENT> (45,737,665)
<NET-CHANGE-FROM-OPS> 74,878,360
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,466
<NUMBER-OF-SHARES-REDEEMED> (436)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (94,514,720)
<ACCUMULATED-NII-PRIOR> 32,999,590
<ACCUMULATED-GAINS-PRIOR> 79,916,030
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (2,157,610)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (2,314,588)
<AVERAGE-NET-ASSETS> 911,546,286
<PER-SHARE-NAV-BEGIN> 21.020
<PER-SHARE-NII> .200
<PER-SHARE-GAIN-APPREC> 1.040
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 22.260
<EXPENSE-RATIO> .810<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6, 1999 (EFFECTIVE DATE) TO JUNE 30, 1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS. <F2>
</LEGEND>
<SERIES>
<NUMBER> 061
<NAME> HIGH INCOME FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 428,049,857
<INVESTMENTS-AT-VALUE> 377,154,320
<RECEIVABLES> 9,568,218
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 386,722,538
<PAYABLE-FOR-SECURITIES> 2,500,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 410,912
<TOTAL-LIABILITIES> 2,910,912
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 349,859,486
<SHARES-COMMON-STOCK> 28,536,369
<SHARES-COMMON-PRIOR> 33,620,945
<ACCUMULATED-NII-CURRENT> 69,541,329
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 15,306,348
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (50,895,537)
<NET-ASSETS> 383,811,626
<DIVIDEND-INCOME> 52,325
<INTEREST-INCOME> 22,957,372
<OTHER-INCOME> 0
<EXPENSES-NET> (1,152,017)
<NET-INVESTMENT-INCOME> 21,857,680
<REALIZED-GAINS-CURRENT> 2,773,747
<APPREC-INCREASE-CURRENT> (18,528,049)
<NET-CHANGE-FROM-OPS> 6,103,378
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,113,530
<NUMBER-OF-SHARES-REDEEMED> (12,198,106)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (62,796,879)
<ACCUMULATED-NII-PRIOR> 48,138,649
<ACCUMULATED-GAINS-PRIOR> 12,077,601
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (1,077,280)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,152,017)
<AVERAGE-NET-ASSETS> 427,216,579
<PER-SHARE-NAV-BEGIN> 13.280
<PER-SHARE-NII> .710
<PER-SHARE-GAIN-APPREC> (.540)
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 13.450
<EXPENSE-RATIO> .550<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK
FUNDS, CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS
TRUST. THE FUNDS' INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT
CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 062
<NAME> HIGH INCOME FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 428,049,857
<INVESTMENTS-AT-VALUE> 377,154,320
<RECEIVABLES> 9,568,218
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 386,722,538
<PAYABLE-FOR-SECURITIES> 2,500,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 410,912
<TOTAL-LIABILITIES> 2,910,912
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 349,859,486
<SHARES-COMMON-STOCK> 7,932
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 69,541,329
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 15,306,348
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (50,895,537)
<NET-ASSETS> 383,811,626
<DIVIDEND-INCOME> 52,325
<INTEREST-INCOME> 22,957,372
<OTHER-INCOME> 0
<EXPENSES-NET> (1,152,017)
<NET-INVESTMENT-INCOME> 21,857,680
<REALIZED-GAINS-CURRENT> 2,773,747
<APPREC-INCREASE-CURRENT> (18,528,049)
<NET-CHANGE-FROM-OPS> 6,103,378
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,540
<NUMBER-OF-SHARES-REDEEMED> (3,608)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (62,796,879)
<ACCUMULATED-NII-PRIOR> 48,138,649
<ACCUMULATED-GAINS-PRIOR> 12,077,601
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (1,077,280)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,152,017)
<AVERAGE-NET-ASSETS> 427,216,579
<PER-SHARE-NAV-BEGIN> 13.360
<PER-SHARE-NII> .660
<PER-SHARE-GAIN-APPREC> (.590)
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 13.430
<EXPENSE-RATIO> .850<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK
FUNDS, CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS
TRUST. THE FUNDS' INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT
CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6, 1999 (EFFECTIVE DATE) TO JUNE 30, 1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 071
<NAME> TEMPLETON GLOBAL INCOME SECURITIES FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 120116180
<INVESTMENTS-AT-VALUE> 112912014
<RECEIVABLES> 1882954
<ASSETS-OTHER> 31411
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 114826379
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1135050
<TOTAL-LIABILITIES> 1135050
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 116525569
<SHARES-COMMON-STOCK> 9311962
<SHARES-COMMON-PRIOR> 11725182
<ACCUMULATED-NII-CURRENT> 8638389
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (4272425)
<ACCUM-APPREC-OR-DEPREC> (7200204)
<NET-ASSETS> 113691329
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4131998
<OTHER-INCOME> 0
<EXPENSES-NET> (437035)
<NET-INVESTMENT-INCOME> 3694963
<REALIZED-GAINS-CURRENT> (773627)
<APPREC-INCREASE-CURRENT> (10053023)
<NET-CHANGE-FROM-OPS> (7131687)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 588496
<NUMBER-OF-SHARES-REDEEMED> (3001716)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (37249408)
<ACCUMULATED-NII-PRIOR> 4943426
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (3498798)
<GROSS-ADVISORY-FEES> (393647)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (437035)
<AVERAGE-NET-ASSETS> 133763612
<PER-SHARE-NAV-BEGIN> 12.870
<PER-SHARE-NII> 0.350
<PER-SHARE-GAIN-APPREC> (1.020)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.200
<EXPENSE-RATIO> 0.660<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 072
<NAME> TEMPLETON GLOBAL INCOME SECURITIES FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 120116180
<INVESTMENTS-AT-VALUE> 112912014
<RECEIVABLES> 1882954
<ASSETS-OTHER> 31411
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 114826379
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1135050
<TOTAL-LIABILITIES> 1135050
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 116525569
<SHARES-COMMON-STOCK> 6766
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 8638389
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (4272425)
<ACCUM-APPREC-OR-DEPREC> (7200204)
<NET-ASSETS> 113691329
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4131998
<OTHER-INCOME> 0
<EXPENSES-NET> (437035)
<NET-INVESTMENT-INCOME> 3694963
<REALIZED-GAINS-CURRENT> (773627)
<APPREC-INCREASE-CURRENT> (10053023)
<NET-CHANGE-FROM-OPS> (7131687)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7971
<NUMBER-OF-SHARES-REDEEMED> (1205)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (37249408)
<ACCUMULATED-NII-PRIOR> 4943426
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (3498798)
<GROSS-ADVISORY-FEES> (393647)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (437035)
<AVERAGE-NET-ASSETS> 133763612
<PER-SHARE-NAV-BEGIN> 12.930
<PER-SHARE-NII> .320
<PER-SHARE-GAIN-APPREC> (1.070)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.180
<EXPENSE-RATIO> .970<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6, 1999 (EFFECTIVE DATE) TO JUNE 30, 1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRE
TY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 091
<NAME> INCOME SECURITIES FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 936,081,323
<INVESTMENTS-AT-VALUE> 950,315,008
<RECEIVABLES> 21,966,966
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 972,281,974
<PAYABLE-FOR-SECURITIES> 174,551
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 545,804
<TOTAL-LIABILITIES> 720,355
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 772,048,234
<SHARES-COMMON-STOCK> 56,396,814
<SHARES-COMMON-PRIOR> 70,073,792
<ACCUMULATED-NII-CURRENT> 122,233,431
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 63,040,408
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14,239,546
<NET-ASSETS> 971,561,619
<DIVIDEND-INCOME> 12,678,277
<INTEREST-INCOME> 29,309,887
<OTHER-INCOME> 0
<EXPENSES-NET> (2,676,701)
<NET-INVESTMENT-INCOME> 39,311,463
<REALIZED-GAINS-CURRENT> 34,286,299
<APPREC-INCREASE-CURRENT> (58,472,644)
<NET-CHANGE-FROM-OPS> 15,125,118
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,457,863
<NUMBER-OF-SHARES-REDEEMED> (15,134,841)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (214,278,266)
<ACCUMULATED-NII-PRIOR> 82,921,968
<ACCUMULATED-GAINS-PRIOR> 28,754,109
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (2,500,719)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (2,676,701)
<AVERAGE-NET-ASSETS> 1,065,188,123
<PER-SHARE-NAV-BEGIN> 16.920
<PER-SHARE-NII> .640
<PER-SHARE-GAIN-APPREC> (.340)
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 17.220
<EXPENSE-RATIO> .520<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRE
TY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 092
<NAME> INCOME SECURITIES FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 936,081,323
<INVESTMENTS-AT-VALUE> 950,315,008
<RECEIVABLES> 21,966,966
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 972,281,974
<PAYABLE-FOR-SECURITIES> 174,551
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 545,804
<TOTAL-LIABILITIES> 720,355
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 772,048,234
<SHARES-COMMON-STOCK> 27,386
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 122,233,431
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 63,040,408
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14,239,546
<NET-ASSETS> 971,561,619
<DIVIDEND-INCOME> 12,678,277
<INTEREST-INCOME> 29,309,887
<OTHER-INCOME> 0
<EXPENSES-NET> (2,676,701)
<NET-INVESTMENT-INCOME> 39,311,463
<REALIZED-GAINS-CURRENT> 34,286,299
<APPREC-INCREASE-CURRENT> (58,472,644)
<NET-CHANGE-FROM-OPS> 15,125,118
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 27,417
<NUMBER-OF-SHARES-REDEEMED> (31)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (214,278,266)
<ACCUMULATED-NII-PRIOR> 82,921,968
<ACCUMULATED-GAINS-PRIOR> 28,754,109
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (2,500,719)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (2,676,701)
<AVERAGE-NET-ASSETS> 1,065,188,123
<PER-SHARE-NAV-BEGIN> 17.070
<PER-SHARE-NII> .570
<PER-SHARE-GAIN-APPREC> (.440)
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 17.200
<EXPENSE-RATIO> .800<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6, 1999 (EFFECTIVE DATE) TO JUNE 30, 1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> U.S. GOVERNMENT SECURITIES FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 592,120,175
<INVESTMENTS-AT-VALUE> 591,526,259
<RECEIVABLES> 9,560,349
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 601,086,608
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 780,532
<TOTAL-LIABILITIES> 780,532
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 546,755,633
<SHARES-COMMON-STOCK> 43,671,421
<SHARES-COMMON-PRIOR> 51,193,736
<ACCUMULATED-NII-CURRENT> 65,469,885
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (11,325,526)
<ACCUM-APPREC-OR-DEPREC> (593,916)
<NET-ASSETS> 600,306,076
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 21,940,933
<OTHER-INCOME> 0
<EXPENSES-NET> (1,719,117)
<NET-INVESTMENT-INCOME> 20,221,816
<REALIZED-GAINS-CURRENT> 1,596,888
<APPREC-INCREASE-CURRENT> (29,783,067)
<NET-CHANGE-FROM-OPS> (7,964,363)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,461,939
<NUMBER-OF-SHARES-REDEEMED> (9,984,254)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (110,525,847)
<ACCUMULATED-NII-PRIOR> 45,248,069
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (12,922,414)
<GROSS-ADVISORY-FEES> (1,604,660)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,719,117)
<AVERAGE-NET-ASSETS> 663,520,561
<PER-SHARE-NAV-BEGIN> 13.890
<PER-SHARE-NII> .440
<PER-SHARE-GAIN-APPREC> (.620)
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 13.710
<EXPENSE-RATIO> .540<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 102
<NAME> U.S. GOVERNMENT SECURITIES FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 592,120,175
<INVESTMENTS-AT-VALUE> 591,526,259
<RECEIVABLES> 9,560,349
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 601,086,608
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 780,532
<TOTAL-LIABILITIES> 780,532
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 546,755,633
<SHARES-COMMON-STOCK> 116,900
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 65,469,885
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (11,325,526)
<ACCUM-APPREC-OR-DEPREC> (593,916)
<NET-ASSETS> 600,306,076
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 21,940,933
<OTHER-INCOME> 0
<EXPENSES-NET> (1,719,117)
<NET-INVESTMENT-INCOME> 20,221,816
<REALIZED-GAINS-CURRENT> 1,596,888
<APPREC-INCREASE-CURRENT> (29,783,067)
<NET-CHANGE-FROM-OPS> (7,964,363)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 117,127
<NUMBER-OF-SHARES-REDEEMED> (227)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (110,525,847)
<ACCUMULATED-NII-PRIOR> 45,248,069
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (12,922,414)
<GROSS-ADVISORY-FEES> (1,604,660)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,719,117)
<AVERAGE-NET-ASSETS> 663,520,561
<PER-SHARE-NAV-BEGIN> 13.890
<PER-SHARE-NII> .390
<PER-SHARE-GAIN-APPREC> (.590)
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 13.690
<EXPENSE-RATIO> .830<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6, 1999 (EFFECTIVE DATE) TO JUNE 30, 1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 121
<NAME> ZERO COUPON FUND - 2000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 77,668,891
<INVESTMENTS-AT-VALUE> 79,986,511
<RECEIVABLES> 59,886
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 80,046,397
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 164,453
<TOTAL-LIABILITIES> 164,453
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 65,594,634
<SHARES-COMMON-STOCK> 5,340,568
<SHARES-COMMON-PRIOR> 6,315,319
<ACCUMULATED-NII-CURRENT> 9,600,671
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,369,018
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,317,621
<NET-ASSETS> 79,881,944
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,168,371
<OTHER-INCOME> 0
<EXPENSES-NET> (284,621)
<NET-INVESTMENT-INCOME> 2,883,750
<REALIZED-GAINS-CURRENT> 617,145
<APPREC-INCREASE-CURRENT> (2,662,964)
<NET-CHANGE-FROM-OPS> 837,931
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 205,058
<NUMBER-OF-SHARES-REDEEMED> (1,179,809)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (13,660,881)
<ACCUMULATED-NII-PRIOR> 6,716,921
<ACCUMULATED-GAINS-PRIOR> 1,751,873
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (268,911)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (284,621)
<AVERAGE-NET-ASSETS> 86,763,070
<PER-SHARE-NAV-BEGIN> 14.810
<PER-SHARE-NII> .490
<PER-SHARE-GAIN-APPREC> (.340)
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 14.960
<EXPENSE-RATIO> .660<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 131
<NAME> ZERO COUPON FUND - 2005
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 67,610,406
<INVESTMENTS-AT-VALUE> 73,935,988
<RECEIVABLES> 107,005
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 74,042,993
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 76,793
<TOTAL-LIABILITIES> 76,793
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 59,583,372
<SHARES-COMMON-STOCK> 4,388,389
<SHARES-COMMON-PRIOR> 4,761,895
<ACCUMULATED-NII-CURRENT> 6,908,463
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,148,783
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,325,582
<NET-ASSETS> 73,966,200
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,535,200
<OTHER-INCOME> 0
<EXPENSES-NET> (262,404)
<NET-INVESTMENT-INCOME> 2,272,796
<REALIZED-GAINS-CURRENT> 695,508
<APPREC-INCREASE-CURRENT> (7,064,769)
<NET-CHANGE-FROM-OPS> (4,096,465)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 401,763
<NUMBER-OF-SHARES-REDEEMED> (775,269)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (10,521,185)
<ACCUMULATED-NII-PRIOR> 4,635,667
<ACCUMULATED-GAINS-PRIOR> 453,275
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (247,643)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (262,404)
<AVERAGE-NET-ASSETS> 79,895,091
<PER-SHARE-NAV-BEGIN> 17.740
<PER-SHARE-NII> .490
<PER-SHARE-GAIN-APPREC> (1.380)
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 16.850
<EXPENSE-RATIO> .660<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 141
<NAME> ZERO COUPON FUND - 2010
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 70,297,897
<INVESTMENTS-AT-VALUE> 79,030,048
<RECEIVABLES> 357,431
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 79,387,479
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 105,308
<TOTAL-LIABILITIES> 105,308
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 59,859,440
<SHARES-COMMON-STOCK> 4,563,563
<SHARES-COMMON-PRIOR> 4,908,874
<ACCUMULATED-NII-CURRENT> 7,288,616
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,401,964
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,732,151
<NET-ASSETS> 79,282,171
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,667,814
<OTHER-INCOME> 0
<EXPENSES-NET> (285,475)
<NET-INVESTMENT-INCOME> 2,382,339
<REALIZED-GAINS-CURRENT> 1,175,571
<APPREC-INCREASE-CURRENT> (11,551,249)
<NET-CHANGE-FROM-OPS> (7,993,339)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 998,298
<NUMBER-OF-SHARES-REDEEMED> (1,343,609)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (14,232,964)
<ACCUMULATED-NII-PRIOR> 4,906,277
<ACCUMULATED-GAINS-PRIOR> 2,226,393
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (269,530)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (285,475)
<AVERAGE-NET-ASSETS> 86,952,463
<PER-SHARE-NAV-BEGIN> 19.050
<PER-SHARE-NII> .500
<PER-SHARE-GAIN-APPREC> (2.180)
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 17.370
<EXPENSE-RATIO> .660<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. <F2>
</LEGEND>
<SERIES>
<NUMBER> 161
<NAME> RISING DIVIDENDS FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 476,747,694
<INVESTMENTS-AT-VALUE> 604,936,124
<RECEIVABLES> 17,737,717
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 622,673,841
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,112,694
<TOTAL-LIABILITIES> 1,112,694
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 335,441,073
<SHARES-COMMON-STOCK> 33,361,376
<SHARES-COMMON-PRIOR> 41,526,463
<ACCUMULATED-NII-CURRENT> 13,735,865
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 144,195,780
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 128,188,429
<NET-ASSETS> 621,561,147
<DIVIDEND-INCOME> 6,579,081
<INTEREST-INCOME> 193,549
<OTHER-INCOME> 0
<EXPENSES-NET> (2,396,221)
<NET-INVESTMENT-INCOME> 4,376,409
<REALIZED-GAINS-CURRENT> 50,831,307
<APPREC-INCREASE-CURRENT> (44,209,040)
<NET-CHANGE-FROM-OPS> 10,998,676
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,699,791
<NUMBER-OF-SHARES-REDEEMED> (9,864,878)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (130,307,850)
<ACCUMULATED-NII-PRIOR> 9,359,456
<ACCUMULATED-GAINS-PRIOR> 93,364,473
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (2,328,514)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (2,396,221)
<AVERAGE-NET-ASSETS> 651,424,923
<PER-SHARE-NAV-BEGIN> 18.110
<PER-SHARE-NII> .120
<PER-SHARE-GAIN-APPREC> .390
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 18.620
<EXPENSE-RATIO> .740<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 162
<NAME> RISING DIVIDENDS FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 476,747,694
<INVESTMENTS-AT-VALUE> 604,936,124
<RECEIVABLES> 17,737,717
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 622,673,841
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,112,694
<TOTAL-LIABILITIES> 1,112,694
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 335,441,073
<SHARES-COMMON-STOCK> 17,822
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 13,735,865
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 144,195,780
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 128,188,429
<NET-ASSETS> 621,561,147
<DIVIDEND-INCOME> 6,579,081
<INTEREST-INCOME> 193,549
<OTHER-INCOME> 0
<EXPENSES-NET> (2,396,221)
<NET-INVESTMENT-INCOME> 4,376,409
<REALIZED-GAINS-CURRENT> 50,831,307
<APPREC-INCREASE-CURRENT> (44,209,040)
<NET-CHANGE-FROM-OPS> 10,998,676
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 18,737
<NUMBER-OF-SHARES-REDEEMED> (915)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (130,307,850)
<ACCUMULATED-NII-PRIOR> 9,359,456
<ACCUMULATED-GAINS-PRIOR> 93,364,473
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (2,328,514)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (2,396,221)
<AVERAGE-NET-ASSETS> 651,424,923
<PER-SHARE-NAV-BEGIN> 18.280
<PER-SHARE-NII> .100
<PER-SHARE-GAIN-APPREC> .210
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 18.590
<EXPENSE-RATIO> 1.050<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6, 1999 (EFFECTIVE DATE) TO JUNE 30, 1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 171
<NAME> TEMPLETON PACIFIC GROWTH FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 122176287
<INVESTMENTS-AT-VALUE> 102159670
<RECEIVABLES> 8390978
<ASSETS-OTHER> 3510332
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 114060980
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 813195
<TOTAL-LIABILITIES> 813195
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 185527179
<SHARES-COMMON-STOCK> 11676480
<SHARES-COMMON-PRIOR> 13152815
<ACCUMULATED-NII-CURRENT> 634906
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (52406774)
<ACCUM-APPREC-OR-DEPREC> (20507526)
<NET-ASSETS> 113247785
<DIVIDEND-INCOME> 1141457
<INTEREST-INCOME> 19696
<OTHER-INCOME> 0
<EXPENSES-NET> (526247)
<NET-INVESTMENT-INCOME> 634906
<REALIZED-GAINS-CURRENT> (27728880)
<APPREC-INCREASE-CURRENT> 53111039
<NET-CHANGE-FROM-OPS> 26017065
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17387718
<NUMBER-OF-SHARES-REDEEMED> (18864053)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 14478400
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (24677894)
<GROSS-ADVISORY-FEES> (484190)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (526247)
<AVERAGE-NET-ASSETS> 97640566
<PER-SHARE-NAV-BEGIN> 7.510
<PER-SHARE-NII> 0.050
<PER-SHARE-GAIN-APPREC> 2.110
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.670
<EXPENSE-RATIO> 1.090<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 172
<NAME> TEMPLETON PACIFIC GROWTH FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 122176287
<INVESTMENTS-AT-VALUE> 102159670
<RECEIVABLES> 8390978
<ASSETS-OTHER> 3510332
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 114060980
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 813195
<TOTAL-LIABILITIES> 813195
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 185527179
<SHARES-COMMON-STOCK> 30876
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 634906
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (52406774)
<ACCUM-APPREC-OR-DEPREC> (20507526)
<NET-ASSETS> 113247785
<DIVIDEND-INCOME> 1141457
<INTEREST-INCOME> 19696
<OTHER-INCOME> 0
<EXPENSES-NET> (526247)
<NET-INVESTMENT-INCOME> 634906
<REALIZED-GAINS-CURRENT> (27728880)
<APPREC-INCREASE-CURRENT> 53111039
<NET-CHANGE-FROM-OPS> 26017065
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 57566
<NUMBER-OF-SHARES-REDEEMED> (26690)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 14478400
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (24677894)
<GROSS-ADVISORY-FEES> (484190)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (526247)
<AVERAGE-NET-ASSETS> 97640566
<PER-SHARE-NAV-BEGIN> 7.630
<PER-SHARE-NII> 0.070
<PER-SHARE-GAIN-APPREC> 1.950
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.650
<EXPENSE-RATIO> 1.380<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6, 1999 (EFFECTIVE DATE) TO JUNE 30, 1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 181
<NAME> TEMPLETON INTERNATIONAL EQUITY FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 640290738
<INVESTMENTS-AT-VALUE> 792576606
<RECEIVABLES> 37891654
<ASSETS-OTHER> 400884
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 830869144
<PAYABLE-FOR-SECURITIES> 157553
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1612645
<TOTAL-LIABILITIES> 1770198
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 520566689
<SHARES-COMMON-STOCK> 47685867
<SHARES-COMMON-PRIOR> 61584184
<ACCUMULATED-NII-CURRENT> 42455389
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 113791000
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 152285868
<NET-ASSETS> 829098946
<DIVIDEND-INCOME> 14953862
<INTEREST-INCOME> 1189313
<OTHER-INCOME> 0
<EXPENSES-NET> (3951115)
<NET-INVESTMENT-INCOME> 12192060
<REALIZED-GAINS-CURRENT> 89721285
<APPREC-INCREASE-CURRENT> (10209283)
<NET-CHANGE-FROM-OPS> 91704062
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5410230
<NUMBER-OF-SHARES-REDEEMED> (19308547)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (126801156)
<ACCUMULATED-NII-PRIOR> 30263329
<ACCUMULATED-GAINS-PRIOR> 24069715
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (3540668)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (3951115)
<AVERAGE-NET-ASSETS> 871701584
<PER-SHARE-NAV-BEGIN> 15.520
<PER-SHARE-NII> 0.230
<PER-SHARE-GAIN-APPREC> 1.550
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.300
<EXPENSE-RATIO> 0.910<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 182
<NAME> TEMPLETON INTERNATIONAL EQUITY FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 640290738
<INVESTMENTS-AT-VALUE> 792576606
<RECEIVABLES> 37891654
<ASSETS-OTHER> 400884
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 830869144
<PAYABLE-FOR-SECURITIES> 157553
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1612645
<TOTAL-LIABILITIES> 1770198
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 520566689
<SHARES-COMMON-STOCK> 248579
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 42455389
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 113791000
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 152285868
<NET-ASSETS> 829098946
<DIVIDEND-INCOME> 14953862
<INTEREST-INCOME> 1189313
<OTHER-INCOME> 0
<EXPENSES-NET> (3951115)
<NET-INVESTMENT-INCOME> 12192060
<REALIZED-GAINS-CURRENT> 89721285
<APPREC-INCREASE-CURRENT> (10209283)
<NET-CHANGE-FROM-OPS> 91704062
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1304309
<NUMBER-OF-SHARES-REDEEMED> (1055730)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (126801156)
<ACCUMULATED-NII-PRIOR> 30263329
<ACCUMULATED-GAINS-PRIOR> 24069715
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (3540668)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (3951115)
<AVERAGE-NET-ASSETS> 871701584
<PER-SHARE-NAV-BEGIN> 16.240
<PER-SHARE-NII> 0.260
<PER-SHARE-GAIN-APPREC> 0.770
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.270
<EXPENSE-RATIO> 1.200<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6, 1999 (EFFECTIVE DATE) TO JUNE 30, 1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 191
<NAME> TEMPLETON DEVELOPING MARKETS EQUITY FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 176455485
<INVESTMENTS-AT-VALUE> 187587783
<RECEIVABLES> 3665758
<ASSETS-OTHER> 336898
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 191590439
<PAYABLE-FOR-SECURITIES> 1386072
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 814474
<TOTAL-LIABILITIES> 2200546
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 237046047
<SHARES-COMMON-STOCK> 20102042
<SHARES-COMMON-PRIOR> 23505375
<ACCUMULATED-NII-CURRENT> 4420885
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (62868325)
<ACCUM-APPREC-OR-DEPREC> 10791286
<NET-ASSETS> 189389893
<DIVIDEND-INCOME> 2475116
<INTEREST-INCOME> 6057
<OTHER-INCOME> 0
<EXPENSES-NET> (1167405)
<NET-INVESTMENT-INCOME> 1313768
<REALIZED-GAINS-CURRENT> (26233568)
<APPREC-INCREASE-CURRENT> 76985025
<NET-CHANGE-FROM-OPS> 52065225
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2116590
<NUMBER-OF-SHARES-REDEEMED> (5519923)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 26956606
<ACCUMULATED-NII-PRIOR> 3107117
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (36634757)
<GROSS-ADVISORY-FEES> (1041397)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1167405)
<AVERAGE-NET-ASSETS> 168004403
<PER-SHARE-NAV-BEGIN> 6.910
<PER-SHARE-NII> 0.060
<PER-SHARE-GAIN-APPREC> 2.420
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.390
<EXPENSE-RATIO> 1.400<F1>
<FN>
<F1>ANNUALIZED.
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 192
<NAME> TEMPLETON DEVELOPING MARKETS EQUITY FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 176455485
<INVESTMENTS-AT-VALUE> 187587783
<RECEIVABLES> 3665758
<ASSETS-OTHER> 336898
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 191590439
<PAYABLE-FOR-SECURITIES> 1386072
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 814474
<TOTAL-LIABILITIES> 2200546
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 237046047
<SHARES-COMMON-STOCK> 62613
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 4420885
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (62868325)
<ACCUM-APPREC-OR-DEPREC> 10791286
<NET-ASSETS> 189389893
<DIVIDEND-INCOME> 2475116
<INTEREST-INCOME> 6057
<OTHER-INCOME> 0
<EXPENSES-NET> (1167405)
<NET-INVESTMENT-INCOME> 1313768
<REALIZED-GAINS-CURRENT> (26233568)
<APPREC-INCREASE-CURRENT> 76985025
<NET-CHANGE-FROM-OPS> 52065225
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 62613
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 26956606
<ACCUMULATED-NII-PRIOR> 3107117
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (36634757)
<GROSS-ADVISORY-FEES> (1041397)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1167405)
<AVERAGE-NET-ASSETS> 168004403
<PER-SHARE-NAV-BEGIN> 7.220
<PER-SHARE-NII> 0.050
<PER-SHARE-GAIN-APPREC> 2.110
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.380
<EXPENSE-RATIO> 1.710<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6, 1999 (EFFECTIVE DATE) TO JUNE 30, 1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 201
<NAME> TEMPLETON GLOBAL GROWTH FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 600987541
<INVESTMENTS-AT-VALUE> 700887189
<RECEIVABLES> 46067994
<ASSETS-OTHER> 1959957
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 748915140
<PAYABLE-FOR-SECURITIES> 14267674
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1002646
<TOTAL-LIABILITIES> 15270320
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 516887633
<SHARES-COMMON-STOCK> 44256213
<SHARES-COMMON-PRIOR> 50584398
<ACCUMULATED-NII-CURRENT> 24158413
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 92699126
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 99899648
<NET-ASSETS> 733644820
<DIVIDEND-INCOME> 11344030
<INTEREST-INCOME> 1288395
<OTHER-INCOME> 0
<EXPENSES-NET> (3153041)
<NET-INVESTMENT-INCOME> 9479384
<REALIZED-GAINS-CURRENT> 16837813
<APPREC-INCREASE-CURRENT> 54339968
<NET-CHANGE-FROM-OPS> 80657165
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1782998
<NUMBER-OF-SHARES-REDEEMED> (8111183)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (13435534)
<ACCUMULATED-NII-PRIOR> 14679029
<ACCUMULATED-GAINS-PRIOR> 75861313
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (2983965)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (3153041)
<AVERAGE-NET-ASSETS> 722318466
<PER-SHARE-NAV-BEGIN> 14.770
<PER-SHARE-NII> 0.250
<PER-SHARE-GAIN-APPREC> 1.520
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.540
<EXPENSE-RATIO> 0.880<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 202
<NAME> TEMPLETON GLOBAL GROWTH FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 600987541
<INVESTMENTS-AT-VALUE> 700887189
<RECEIVABLES> 46067994
<ASSETS-OTHER> 1959957
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 748915140
<PAYABLE-FOR-SECURITIES> 14267674
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1002646
<TOTAL-LIABILITIES> 15270320
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 516887633
<SHARES-COMMON-STOCK> 89660
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 24158413
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 92699126
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 99899648
<NET-ASSETS> 733644820
<DIVIDEND-INCOME> 11344030
<INTEREST-INCOME> 1288395
<OTHER-INCOME> 0
<EXPENSES-NET> (3153041)
<NET-INVESTMENT-INCOME> 9479384
<REALIZED-GAINS-CURRENT> 16837813
<APPREC-INCREASE-CURRENT> 54339968
<NET-CHANGE-FROM-OPS> 80657165
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 93482
<NUMBER-OF-SHARES-REDEEMED> (3822)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (13435534)
<ACCUMULATED-NII-PRIOR> 14679029
<ACCUMULATED-GAINS-PRIOR> 75861313
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (2983965)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (3153041)
<AVERAGE-NET-ASSETS> 722318466
<PER-SHARE-NAV-BEGIN> 15.340
<PER-SHARE-NII> 0.260
<PER-SHARE-GAIN-APPREC> 0.920
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.520
<EXPENSE-RATIO> 1.180<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6, 1999 (EFFECTIVE DATE) TO JUNE 30, 1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 211
<NAME> TEMPLETON GLOBAL ASSET ALLOCATION FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 63992379
<INVESTMENTS-AT-VALUE> 65960511
<RECEIVABLES> 4753861
<ASSETS-OTHER> 5691
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 70720063
<PAYABLE-FOR-SECURITIES> 24462
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 99356
<TOTAL-LIABILITIES> 123818
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 62191893
<SHARES-COMMON-STOCK> 5297517
<SHARES-COMMON-PRIOR> 6446500
<ACCUMULATED-NII-CURRENT> 4133697
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2302385
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1968270
<NET-ASSETS> 70596245
<DIVIDEND-INCOME> 830102
<INTEREST-INCOME> 831921
<OTHER-INCOME> 0
<EXPENSES-NET> (301239)
<NET-INVESTMENT-INCOME> 1360784
<REALIZED-GAINS-CURRENT> (1180465)
<APPREC-INCREASE-CURRENT> 3148601
<NET-CHANGE-FROM-OPS> 3328920
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 312654
<NUMBER-OF-SHARES-REDEEMED> (1461637)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (11073373)
<ACCUMULATED-NII-PRIOR> 2772913
<ACCUMULATED-GAINS-PRIOR> 3482850
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (237031)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (301239)
<AVERAGE-NET-ASSETS> 73537038
<PER-SHARE-NAV-BEGIN> 12.670
<PER-SHARE-NII> 0.230
<PER-SHARE-GAIN-APPREC> 0.420
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.320
<EXPENSE-RATIO> .830<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
[LEGEND]
<SERIES>
<NUMBER> 212
<NAME> TEMPLETON GLOBAL ASSET ALLOCATION FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 63992379
<INVESTMENTS-AT-VALUE> 65960511
<RECEIVABLES> 4753861
<ASSETS-OTHER> 5691
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 70720063
<PAYABLE-FOR-SECURITIES> 24462
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 99356
<TOTAL-LIABILITIES> 123818
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 62191893
<SHARES-COMMON-STOCK> 3239
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 4133697
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2302385
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1968270
<NET-ASSETS> 70596245
<DIVIDEND-INCOME> 830102
<INTEREST-INCOME> 831921
<OTHER-INCOME> 0
<EXPENSES-NET> (301239)
<NET-INVESTMENT-INCOME> 1360784
<REALIZED-GAINS-CURRENT> (1180465)
<APPREC-INCREASE-CURRENT> 3148601
<NET-CHANGE-FROM-OPS> 3328920
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3263
<NUMBER-OF-SHARES-REDEEMED> (24)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (11073373)
<ACCUMULATED-NII-PRIOR> 2772913
<ACCUMULATED-GAINS-PRIOR> 3482850
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (237031)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (301239)
<AVERAGE-NET-ASSETS> 73537038
<PER-SHARE-NAV-BEGIN> 12.940
<PER-SHARE-NII> 0.230
<PER-SHARE-GAIN-APPREC> 0.120
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.290
<EXPENSE-RATIO> 1.110<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6, 1999 (EFFECTIVE DATE) TO JUNE 30, 1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 221
<NAME> SMALL CAP FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 246,346,501
<INVESTMENTS-AT-VALUE> 290,107,691
<RECEIVABLES> 19,550,245
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 309,657,936
<PAYABLE-FOR-SECURITIES> 537,835
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9,864,865
<TOTAL-LIABILITIES> 10,402,700
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 238,795,280
<SHARES-COMMON-STOCK> 18,724,755
<SHARES-COMMON-PRIOR> 22,999,329
<ACCUMULATED-NII-CURRENT> 1,414,424
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 15,284,342
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 43,761,190
<NET-ASSETS> 299,255,236
<DIVIDEND-INCOME> 695,579
<INTEREST-INCOME> 321,047
<OTHER-INCOME> 0
<EXPENSES-NET> (1,134,737)
<NET-INVESTMENT-INCOME> (118,111)
<REALIZED-GAINS-CURRENT> 15,619,206
<APPREC-INCREASE-CURRENT> 27,500,843
<NET-CHANGE-FROM-OPS> 43,001,938
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,246,067
<NUMBER-OF-SHARES-REDEEMED> (6,520,641)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (16,204,622)
<ACCUMULATED-NII-PRIOR> 1,532,535
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (334,864)
<GROSS-ADVISORY-FEES> (1,101,012)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,134,737)
<AVERAGE-NET-ASSETS> 293,709,613
<PER-SHARE-NAV-BEGIN> 13.720
<PER-SHARE-NII> (.010)
<PER-SHARE-GAIN-APPREC> 2.270
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 15.980
<EXPENSE-RATIO> .800<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 222
<NAME> SMALL CAP FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999,F3>
<INVESTMENTS-AT-COST> 246,346,501
<INVESTMENTS-AT-VALUE> 290,107,691
<RECEIVABLES> 19,550,245
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 309,657,936
<PAYABLE-FOR-SECURITIES> 537,835
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9,864,865
<TOTAL-LIABILITIES> 10,402,700
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 238,795,280
<SHARES-COMMON-STOCK> 4,903
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,414,424
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 15,284,342
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 43,761,190
<NET-ASSETS> 299,255,236
<DIVIDEND-INCOME> 695,579
<INTEREST-INCOME> 321,047
<OTHER-INCOME> 0
<EXPENSES-NET> (1,134,737)
<NET-INVESTMENT-INCOME> (118,111)
<REALIZED-GAINS-CURRENT> 15,619,206
<APPREC-INCREASE-CURRENT> 27,500,843
<NET-CHANGE-FROM-OPS> 43,001,938
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,906
<NUMBER-OF-SHARES-REDEEMED> (3)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (16,204,622)
<ACCUMULATED-NII-PRIOR> 1,532,535
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (334,864)
<GROSS-ADVISORY-FEES> (1,101,012)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,134,737)
<AVERAGE-NET-ASSETS> 293,709,613
<PER-SHARE-NAV-BEGIN> 14.250
<PER-SHARE-NII> (.010)
<PER-SHARE-GAIN-APPREC> 1.710
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 15.950
<EXPENSE-RATIO> 1.080<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6, 1999 (EFFECTIVE DATE) TO JUNE 30, 1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 231
<NAME> CAPITAL GROWTH FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 238,302,547
<INVESTMENTS-AT-VALUE> 313,872,522
<RECEIVABLES> 45,389,580
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 359,262,102
<PAYABLE-FOR-SECURITIES> 2,374,950
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,043,090
<TOTAL-LIABILITIES> 3,418,040
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 276,324,828
<SHARES-COMMON-STOCK> 19,689,451
<SHARES-COMMON-PRIOR> 13,740,476
<ACCUMULATED-NII-CURRENT> 2,753,548
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,195,711
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 75,569,975
<NET-ASSETS> 355,844,062
<DIVIDEND-INCOME> 1,166,373
<INTEREST-INCOME> 1,245,140
<OTHER-INCOME> 0
<EXPENSES-NET> (1,167,956)
<NET-INVESTMENT-INCOME> 1,243,557
<REALIZED-GAINS-CURRENT> 4,715,973
<APPREC-INCREASE-CURRENT> 30,659,765
<NET-CHANGE-FROM-OPS> 36,619,295
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,973,145
<NUMBER-OF-SHARES-REDEEMED> (5,024,170)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 134,892,424
<ACCUMULATED-NII-PRIOR> 1,509,991
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (3,520,262)
<GROSS-ADVISORY-FEES> (1,141,192)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,167,956)
<AVERAGE-NET-ASSETS> 306,890,794
<PER-SHARE-NAV-BEGIN> 16.080
<PER-SHARE-NII> .070
<PER-SHARE-GAIN-APPREC> 1.910
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 18.060
<EXPENSE-RATIO> .770<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1,1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
FROM THE VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 232
<NAME> CAPITAL GROWTH FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 238,302,547
<INVESTMENTS-AT-VALUE> 313,872,522
<RECEIVABLES> 45,389,580
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 359,262,102
<PAYABLE-FOR-SECURITIES> 2,374,950
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,043,090
<TOTAL-LIABILITIES> 3,418,040
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 276,324,828
<SHARES-COMMON-STOCK> 17,055
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 2,753,548
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,195,711
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 75,569,975
<NET-ASSETS> 355,844,062
<DIVIDEND-INCOME> 1,166,373
<INTEREST-INCOME> 1,245,140
<OTHER-INCOME> 0
<EXPENSES-NET> (1,167,956)
<NET-INVESTMENT-INCOME> 1,243,557
<REALIZED-GAINS-CURRENT> 4,715,973
<APPREC-INCREASE-CURRENT> 30,659,765
<NET-CHANGE-FROM-OPS> 36,619,295
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 33,409
<NUMBER-OF-SHARES-REDEEMED> (16,354)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 134,892,424
<ACCUMULATED-NII-PRIOR> 1,509,991
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (3,520,262)
<GROSS-ADVISORY-FEES> (1,141,192)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,167,956)
<AVERAGE-NET-ASSETS> 306,890,794
<PER-SHARE-NAV-BEGIN> 16.470
<PER-SHARE-NII> .040
<PER-SHARE-GAIN-APPREC> 1.510
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 18.020
<EXPENSE-RATIO> 1.070<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6,1999 (EFFECTIVE DATE) TO JUNE 30,1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 241
<NAME> TEMPLETON INTERNATIONAL SMALLER COMPANIES FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 22567080
<INVESTMENTS-AT-VALUE> 23161943
<RECEIVABLES> 1670858
<ASSETS-OTHER> 783
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 24833584
<PAYABLE-FOR-SECURITIES> 5660
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 31626
<TOTAL-LIABILITIES> 37286
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 26664854
<SHARES-COMMON-STOCK> 2254156
<SHARES-COMMON-PRIOR> 2718508
<ACCUMULATED-NII-CURRENT> 1010826
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (3474245)
<ACCUM-APPREC-OR-DEPREC> 594863
<NET-ASSETS> 24796298
<DIVIDEND-INCOME> 511983
<INTEREST-INCOME> 7576
<OTHER-INCOME> 0
<EXPENSES-NET> (129693)
<NET-INVESTMENT-INCOME> 389866
<REALIZED-GAINS-CURRENT> (930275)
<APPREC-INCREASE-CURRENT> 4119484
<NET-CHANGE-FROM-OPS> 3579075
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 168815
<NUMBER-OF-SHARES-REDEEMED> (633167)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (203146)
<ACCUMULATED-NII-PRIOR> 620960
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (2543970)
<GROSS-ADVISORY-FEES> (97875)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (129693)
<AVERAGE-NET-ASSETS> 23220240
<PER-SHARE-NAV-BEGIN> 9.200
<PER-SHARE-NII> 0.160
<PER-SHARE-GAIN-APPREC> 1.410
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.770
<EXPENSE-RATIO> 1.130<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 242
<NAME> TEMPLETON INTERNATIONAL SMALLER COMPANIES FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 22567080
<INVESTMENTS-AT-VALUE> 23161943
<RECEIVABLES> 1670858
<ASSETS-OTHER> 783
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 24833584
<PAYABLE-FOR-SECURITIES> 5660
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 31626
<TOTAL-LIABILITIES> 37286
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 26664854
<SHARES-COMMON-STOCK> 47890
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1010826
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (3474245)
<ACCUM-APPREC-OR-DEPREC> 594863
<NET-ASSETS> 24796298
<DIVIDEND-INCOME> 511983
<INTEREST-INCOME> 7576
<OTHER-INCOME> 0
<EXPENSES-NET> (129693)
<NET-INVESTMENT-INCOME> 389866
<REALIZED-GAINS-CURRENT> (930275)
<APPREC-INCREASE-CURRENT> 4119484
<NET-CHANGE-FROM-OPS> 3579075
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 47894
<NUMBER-OF-SHARES-REDEEMED> (4)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (203146)
<ACCUMULATED-NII-PRIOR> 620960
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (2543970)
<GROSS-ADVISORY-FEES> (97875)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (129693)
<AVERAGE-NET-ASSETS> 23220240
<PER-SHARE-NAV-BEGIN> 9.440
<PER-SHARE-NII> 0.070
<PER-SHARE-GAIN-APPREC> 1.250
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.760
<EXPENSE-RATIO> 1.420<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6, 1999 (EFFECTIVE DATE) TO JUNE 30, 1999.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
[LEGEND]
<SERIES>
<NUMBER> 251
<NAME> MUTUAL DISCOVERY SECURITIES FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 176183870
<INVESTMENTS-AT-VALUE> 188379053
<RECEIVABLES> 4468682
<ASSETS-OTHER> 16177657
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 209025392
<PAYABLE-FOR-SECURITIES> 1694920
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2407116
<TOTAL-LIABILITIES> 4102036
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 190269886
<SHARES-COMMON-STOCK> 16178470
<SHARES-COMMON-PRIOR> 19904649
<ACCUMULATED-NII-CURRENT> 6414204
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (8498065)
<ACCUM-APPREC-OR-DEPREC> 16737331
<NET-ASSETS> 204923356
<DIVIDEND-INCOME> 2586017
<INTEREST-INCOME> 736265
<OTHER-INCOME> 0
<EXPENSES-NET> (1013379)
<NET-INVESTMENT-INCOME> 2308903
<REALIZED-GAINS-CURRENT> 3199613
<APPREC-INCREASE-CURRENT> 17698491
<NET-CHANGE-FROM-OPS> 23207007
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 585114
<NUMBER-OF-SHARES-REDEEMED> (4311293)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (19732821)
<ACCUMULATED-NII-PRIOR> 4105301
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (11697678)
<GROSS-ADVISORY-FEES> (830969)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1013379)
<AVERAGE-NET-ASSETS> 208079202
<PER-SHARE-NAV-BEGIN> 11.290
<PER-SHARE-NII> 0.130
<PER-SHARE-GAIN-APPREC> 1.230
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.650
<EXPENSE-RATIO> 0.980<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
[LEGEND]
<SERIES>
<NUMBER> 252
<NAME> MUTUAL DISCOVERY SECURITIES FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 176183870
<INVESTMENTS-AT-VALUE> 188379053
<RECEIVABLES> 4468682
<ASSETS-OTHER> 16177657
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 209025392
<PAYABLE-FOR-SECURITIES> 1694920
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2407116
<TOTAL-LIABILITIES> 4102036
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 190269886
<SHARES-COMMON-STOCK> 14781
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 6414204
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (8498065)
<ACCUM-APPREC-OR-DEPREC> 16737331
<NET-ASSETS> 204923356
<DIVIDEND-INCOME> 2586017
<INTEREST-INCOME> 736265
<OTHER-INCOME> 0
<EXPENSES-NET> (1013379)
<NET-INVESTMENT-INCOME> 2308903
<REALIZED-GAINS-CURRENT> 3199613
<APPREC-INCREASE-CURRENT> 17698491
<NET-CHANGE-FROM-OPS> 23207007
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14784
<NUMBER-OF-SHARES-REDEEMED> (3)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (19732821)
<ACCUMULATED-NII-PRIOR> 4105301
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (11697678)
<GROSS-ADVISORY-FEES> (830969)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1013379)
<AVERAGE-NET-ASSETS> 208079202
<PER-SHARE-NAV-BEGIN> 11.650
<PER-SHARE-NII> 0.160
<PER-SHARE-GAIN-APPREC> 0.830
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.640
<EXPENSE-RATIO> 1.280<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6, 1999 (EFFECTIVE DATE) TO JUNE 30, 1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 261
<NAME> MUTUAL SHARES SECURITIES FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 423534510
<INVESTMENTS-AT-VALUE> 475778153
<RECEIVABLES> 7499128
<ASSETS-OTHER> 23548202
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 506825483
<PAYABLE-FOR-SECURITIES> 5274802
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4221342
<TOTAL-LIABILITIES> 9496144
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 413811031
<SHARES-COMMON-STOCK> 36256033
<SHARES-COMMON-PRIOR> 40335247
<ACCUMULATED-NII-CURRENT> 15676564
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12647786
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 55193958
<NET-ASSETS> 497329339
<DIVIDEND-INCOME> 3173746
<INTEREST-INCOME> 2795696
<OTHER-INCOME> 0
<EXPENSES-NET> (1861585)
<NET-INVESTMENT-INCOME> 4107857
<REALIZED-GAINS-CURRENT> 22345223
<APPREC-INCREASE-CURRENT> 38553284
<NET-CHANGE-FROM-OPS> 65006364
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1558491
<NUMBER-OF-SHARES-REDEEMED> (5637705)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 14885652
<ACCUMULATED-NII-PRIOR> 11568707
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (9697437)
<GROSS-ADVISORY-FEES> (1430056)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1861585)
<AVERAGE-NET-ASSETS> 480635923
<PER-SHARE-NAV-BEGIN> 11.960
<PER-SHARE-NII> 0.110
<PER-SHARE-GAIN-APPREC> 1.630
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.700
<EXPENSE-RATIO> 0.780<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 262
<NAME> MUTUAL SHARES SECURITIES FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 423534510
<INVESTMENTS-AT-VALUE> 475778153
<RECEIVABLES> 7499128
<ASSETS-OTHER> 23548202
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 506825483
<PAYABLE-FOR-SECURITIES> 5274802
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4221342
<TOTAL-LIABILITIES> 9496144
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 413811031
<SHARES-COMMON-STOCK> 32326
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 15676564
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12647786
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 55193958
<NET-ASSETS> 497329339
<DIVIDEND-INCOME> 3173746
<INTEREST-INCOME> 2795696
<OTHER-INCOME> 0
<EXPENSES-NET> (1861585)
<NET-INVESTMENT-INCOME> 4107857
<REALIZED-GAINS-CURRENT> 22345223
<APPREC-INCREASE-CURRENT> 38553284
<NET-CHANGE-FROM-OPS> 65006364
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 32375
<NUMBER-OF-SHARES-REDEEMED> (49)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 14885652
<ACCUMULATED-NII-PRIOR> 11568707
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (9697437)
<GROSS-ADVISORY-FEES> (1430056)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1861585)
<AVERAGE-NET-ASSETS> 480635923
<PER-SHARE-NAV-BEGIN> 12.360
<PER-SHARE-NII> 0.090
<PER-SHARE-GAIN-APPREC> 1.230
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.680
<EXPENSE-RATIO> 1.080<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6, 1999 (EFFECTIVE DATE) TO JUNE 30, 1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
VALUEMARK FUNDS JUNE 30,1999 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 271
<NAME> GLOBAL HEALTH CARE SECURITIES FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 9,596,134
<INVESTMENTS-AT-VALUE> 10,018,464
<RECEIVABLES> 1,249,834
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11,268,298
<PAYABLE-FOR-SECURITIES> 831,990
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8,361
<TOTAL-LIABILITIES> 840,351
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,385,800
<SHARES-COMMON-STOCK> 1,134,290
<SHARES-COMMON-PRIOR> 839,490
<ACCUMULATED-NII-CURRENT> 37,454
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (1,417,637)
<ACCUM-APPREC-OR-DEPREC> 422,330
<NET-ASSETS> 10,427,947
<DIVIDEND-INCOME> 30,094
<INTEREST-INCOME> 21,647
<OTHER-INCOME> 0
<EXPENSES-NET> (39,374)
<NET-INVESTMENT-INCOME> 12,367
<REALIZED-GAINS-CURRENT> (1,156,187)
<APPREC-INCREASE-CURRENT> (453,663)
<NET-CHANGE-FROM-OPS> (1,597,483)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 854,024
<NUMBER-OF-SHARES-REDEEMED> (559,224)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,437,623
<ACCUMULATED-NII-PRIOR> 25,087
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (261,450)
<GROSS-ADVISORY-FEES> (29,511)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (39,374)
<AVERAGE-NET-ASSETS> 9,919,227
<PER-SHARE-NAV-BEGIN> 10.710
<PER-SHARE-NII> .010
<PER-SHARE-GAIN-APPREC> (1.560)
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 9.160
<EXPENSE-RATIO> .810<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FRANKLIN
VALUEMARK FUNDS JUNE 30,1999 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 272
<NAME> GLOBAL HEALTH CARE SECURITIES FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 9,596,134
<INVESTMENTS-AT-VALUE> 10,018,464
<RECEIVABLES> 1,249,834
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11,268,298
<PAYABLE-FOR-SECURITIES> 831,990
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8,361
<TOTAL-LIABILITIES> 840,351
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,385,800
<SHARES-COMMON-STOCK> 4,584
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 37,454
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (1,417,637)
<ACCUM-APPREC-OR-DEPREC> 422,330
<NET-ASSETS> 10,427,947
<DIVIDEND-INCOME> 30,094
<INTEREST-INCOME> 21,647
<OTHER-INCOME> 0
<EXPENSES-NET> (39,374)
<NET-INVESTMENT-INCOME> 12,367
<REALIZED-GAINS-CURRENT> (1,156,187)
<APPREC-INCREASE-CURRENT> (453,663)
<NET-CHANGE-FROM-OPS> (1,597,483)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,584
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,437,623
<ACCUMULATED-NII-PRIOR> 25,087
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (261,450)
<GROSS-ADVISORY-FEES> (29,511)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (39,374)
<AVERAGE-NET-ASSETS> 9,919,227
<PER-SHARE-NAV-BEGIN> 10.770
<PER-SHARE-NII> .000
<PER-SHARE-GAIN-APPREC> (1.630)
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 9.140
<EXPENSE-RATIO> 1.110<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6,1999 (EFFECTIVE DATE) TO JUNE 30,1999.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 281
<NAME> VALUE SECURITIES FUND - CLASS 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 10,545,736
<INVESTMENTS-AT-VALUE> 11,437,807
<RECEIVABLES> 539,547
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11,977,354
<PAYABLE-FOR-SECURITIES> 91,788
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11,354
<TOTAL-LIABILITIES> 103,142
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,404,708
<SHARES-COMMON-STOCK> 1,367,038
<SHARES-COMMON-PRIOR> 1,156,792
<ACCUMULATED-NII-CURRENT> 55,218
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (477,785)
<ACCUM-APPREC-OR-DEPREC> 892,071
<NET-ASSETS> 11,874,212
<DIVIDEND-INCOME> 51,283
<INTEREST-INCOME> 14,715
<OTHER-INCOME> 0
<EXPENSES-NET> (38,956)
<NET-INVESTMENT-INCOME> 27,042
<REALIZED-GAINS-CURRENT> (387,745)
<APPREC-INCREASE-CURRENT> 1,294,459
<NET-CHANGE-FROM-OPS> 933,756
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,036,592
<NUMBER-OF-SHARES-REDEEMED> (826,346)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2,860,741
<ACCUMULATED-NII-PRIOR> 28,176
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (90,040)
<GROSS-ADVISORY-FEES> (27,429)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (38,956)
<AVERAGE-NET-ASSETS> 9,227,207
<PER-SHARE-NAV-BEGIN> 7.790
<PER-SHARE-NII> .020
<PER-SHARE-GAIN-APPREC> .830
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 8.640
<EXPENSE-RATIO> .870<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FRANKLIN VALUEMARK FUNDS JUNE 30, 1999 SEMI-ANNUAL REPORT AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F2>
</LEGEND>
<SERIES>
<NUMBER> 282
<NAME> VALUE SECURITIES FUND - CLASS 2
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999<F3>
<INVESTMENTS-AT-COST> 10,545,736
<INVESTMENTS-AT-VALUE> 11,437,807
<RECEIVABLES> 539,547
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11,977,354
<PAYABLE-FOR-SECURITIES> 91,788
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11,354
<TOTAL-LIABILITIES> 103,142
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,404,708
<SHARES-COMMON-STOCK> 6,901
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 55,218
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (477,785)
<ACCUM-APPREC-OR-DEPREC> 892,071
<NET-ASSETS> 11,874,212
<DIVIDEND-INCOME> 51,283
<INTEREST-INCOME> 14,715
<OTHER-INCOME> 0
<EXPENSES-NET> (38,956)
<NET-INVESTMENT-INCOME> 27,042
<REALIZED-GAINS-CURRENT> (387,745)
<APPREC-INCREASE-CURRENT> 1,294,459
<NET-CHANGE-FROM-OPS> 933,756
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,901
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2,860,741
<ACCUMULATED-NII-PRIOR> 28,176
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (90,040)
<GROSS-ADVISORY-FEES> (27,429)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (38,956)
<AVERAGE-NET-ASSETS> 9,227,207
<PER-SHARE-NAV-BEGIN> 7.970
<PER-SHARE-NII> .010
<PER-SHARE-GAIN-APPREC> .650
<PER-SHARE-DIVIDEND> .000
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 8.630
<EXPENSE-RATIO> 1.120<F1>
<FN>
<F1>ANNUALIZED
<F2>EFFECTIVE JULY 1, 1999, THE NAME OF THE TRUST, FRANKLIN VALUEMARK FUNDS,
CHANGED TO FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST. THE FUNDS'
INVESTMENT OBJECTIVES AND OTHER POLICIES DID NOT CHANGE AS A RESULT OF THIS.
<F3>FOR THE PERIOD JANUARY 6,1999 (EFFECTIVE DATE) TO JUNE 30,1999.
</FN>
</TABLE>
Q:\LEGAL\WPDOC2\MIN\CERT\Certfvf059.doc
FORM N-SAR - EXHIBIT
ITEM 77Q-1(a)
CERTIFICATE OF AMENDMENT
OF
AGREEMENT AND DECLARATION OF TRUST
OF
FRANKLIN VALUEMARK FUNDS
The undersigned certify that:
1. They constitute a majority of the Board of Trustees of
Franklin Valuemark Funds, a Massachusetts business trust
(the "Trust").
2. They hereby adopt the following amendment to the Agreement
and Declaration of Trust, which deletes in its entirety the
Section of the Agreement and Declaration of Trust entitled
"Section 1. Name." of Article I and replaces such Section
of Article I with the following:
"Section 1. Name. The Trust shall be known as the
Franklin Templeton Variable Insurance Products Trust and the
Trustees shall conduct the business of the Trust under that
name or any other name as they may from time to time
determine."
3. This Amendment is made pursuant to Article VIII, Section 9,
which empowers the Trustees to amend the Agreement and
Declaration of Trust at any time by an instrument in writing
signed by a majority of the Trustees; and Article I, Section
1, which empowers the Trustees to conduct the business of
the Trust under any other name as they may from time to time
determine.
IN WITNESS WHEREOF, the Trustees named below have signed their
names hereto this 18th day of May, 1999.
/s/Frank H. Abbott, III /s/Harris J.
Ashton
/s/Edward J. Bonach /s/Robert F. Carlson
/s/S. Joseph Fortunato /s/Charles B.
Johnson
/s/Charles E. Johnson /s/Rupert H.
Johnson, Jr.
/s/Frank W. T. LaHaye /s/Gordon S.
Macklin
