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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Franklin International Core Equity (IU) Fund</name>
        <lei>5493000TU9OU8KKTOX45</lei>
        <title>Franklin International Core Equity (IU) Fund</title>
        <cusip>35473A580</cusip>
        <identifiers>
          <isin value="US35473A5801"/>
          <other otherDesc="Inhouse Asset ID" value="998764"/>
        </identifiers>
        <balance>1484536.19200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22357115.05000000</valUSD>
        <pctVal>2.605190843973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Franklin U.S. Treasury Bond ETF</name>
        <lei>5493008ZZCRVIGT1H265</lei>
        <title>Franklin U.S. Treasury Bond ETF</title>
        <cusip>35473P488</cusip>
        <identifiers>
          <isin value="US35473P4880"/>
          <other otherDesc="Inhouse Asset ID" value="1050886"/>
        </identifiers>
        <balance>4041723.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>81966142.44000000</valUSD>
        <pctVal>9.551207448857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Franklin FTSE Japan ETF</name>
        <lei>549300V7MZYC1Z30JS82</lei>
        <title>Franklin FTSE Japan ETF</title>
        <cusip>35473P744</cusip>
        <identifiers>
          <isin value="US35473P7446"/>
          <other otherDesc="Inhouse Asset ID" value="817199"/>
        </identifiers>
        <balance>175600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6980100.00000000</valUSD>
        <pctVal>0.813364898348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Franklin Systematic Style Premia ETF</name>
        <lei>549300FEMFRM3FWBHG39</lei>
        <title>Franklin Systematic Style Premia ETF</title>
        <cusip>35473P546</cusip>
        <identifiers>
          <isin value="US35473P5465"/>
          <other otherDesc="Inhouse Asset ID" value="1014598"/>
        </identifiers>
        <balance>332826.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9215951.94000000</valUSD>
        <pctVal>1.073900347110</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Templeton Foreign Fund</name>
        <lei>549300XGZSBD9O0E1I88</lei>
        <title>Templeton Foreign Fund, Class R6</title>
        <cusip>880196878</cusip>
        <identifiers>
          <isin value="US8801968780"/>
          <other otherDesc="Inhouse Asset ID" value="538734"/>
        </identifiers>
        <balance>328097.49300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3349875.40000000</valUSD>
        <pctVal>0.390348428275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Franklin U.S. Core Equity (IU) Fund</name>
        <lei>549300EV7Q7FYQ96LR11</lei>
        <title>Franklin U.S. Core Equity (IU) Fund</title>
        <cusip>35473A614</cusip>
        <identifiers>
          <isin value="US35473A6148"/>
          <other otherDesc="Inhouse Asset ID" value="998763"/>
        </identifiers>
        <balance>6715939.52200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>143519627.59000000</valUSD>
        <pctVal>16.72380443056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Franklin U.S. Equity Index ETF</name>
        <lei>549300JHHNB9812HZJ73</lei>
        <title>Franklin U.S. Equity Index ETF</title>
        <cusip>35473P405</cusip>
        <identifiers>
          <isin value="US35473P4054"/>
          <other otherDesc="Inhouse Asset ID" value="632728"/>
        </identifiers>
        <balance>340373.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22226356.90000000</valUSD>
        <pctVal>2.589954086708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Franklin Growth Fund</name>
        <lei>549300HNBBCTK2YQED48</lei>
        <title>Franklin Growth Fund, Class R6</title>
        <cusip>353496649</cusip>
        <identifiers>
          <isin value="US3534966490"/>
          <other otherDesc="Inhouse Asset ID" value="538738"/>
        </identifiers>
        <balance>221136.49500000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31772891.60000000</valUSD>
        <pctVal>3.702376004138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BrandywineGLOBAL - Global Opportunities Bond Fund</name>
        <lei>549300UL6SM15ZRNUZ25</lei>
        <title>BrandywineGLOBAL - Global Opportunities Bond Fund, Class IS</title>
        <cusip>524686318</cusip>
        <identifiers>
          <isin value="US5246863188"/>
          <other otherDesc="Inhouse Asset ID" value="1056866"/>
        </identifiers>
        <balance>3770113.82300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33252403.92000000</valUSD>
        <pctVal>3.874778031009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Putnam Large Cap Value Fund</name>
        <lei>CZH3VR3I6CWL6QA8GG38</lei>
        <title>Putnam Large Cap Value Fund, Class R6</title>
        <cusip>746745801</cusip>
        <identifiers>
          <isin value="US7467458011"/>
          <other otherDesc="Inhouse Asset ID" value="1316174"/>
        </identifiers>
        <balance>896892.44700000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>38826474.03000000</valUSD>
        <pctVal>4.524303534714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Templeton Emerging Markets Equity Fund</name>
        <lei>549300ZJC3KUG08IH343</lei>
        <title>Templeton Emerging Markets Equity Fund, Class R6</title>
        <cusip>88018W609</cusip>
        <identifiers>
          <isin value="US88018W6093"/>
          <other otherDesc="Inhouse Asset ID" value="538724"/>
        </identifiers>
        <balance>387006.69000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13970941.51000000</valUSD>
        <pctVal>1.627981464609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Core MSCI EAFE ETF</name>
        <lei>5493009FT582MI7Y3I36</lei>
        <title>iShares Core MSCI EAFE ETF</title>
        <cusip>46432F842</cusip>
        <identifiers>
          <isin value="US46432F8427"/>
          <other otherDesc="Inhouse Asset ID" value="613005"/>
        </identifiers>
        <balance>29629.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2861568.82000000</valUSD>
        <pctVal>0.333447892207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Franklin U.S. Core Bond ETF</name>
        <lei>549300IKA3VXH7FL6377</lei>
        <title>Franklin U.S. Core Bond ETF</title>
        <cusip>35473P553</cusip>
        <identifiers>
          <isin value="US35473P5531"/>
          <other otherDesc="Inhouse Asset ID" value="1006612"/>
        </identifiers>
        <balance>8990068.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>192387455.20000000</valUSD>
        <pctVal>22.41818927269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Franklin Investment Grade Corporate ETF</name>
        <lei>549300AGICP0BF7KSG70</lei>
        <title>Franklin Investment Grade Corporate ETF</title>
        <cusip>35473P603</cusip>
        <identifiers>
          <isin value="US35473P6034"/>
          <other otherDesc="Inhouse Asset ID" value="646467"/>
        </identifiers>
        <balance>4262549.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>91389050.56000000</valUSD>
        <pctVal>10.64922362415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Putnam Large Cap Growth Fund</name>
        <lei>5493007F7Y4GQFGNWX67</lei>
        <title>Putnam Large Cap Growth Fund, Class R6</title>
        <cusip>74680A208</cusip>
        <identifiers>
          <isin value="US74680A2087"/>
          <other otherDesc="Inhouse Asset ID" value="1315974"/>
        </identifiers>
        <balance>302598.63700000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26758797.47000000</valUSD>
        <pctVal>3.118102403135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vanguard Total International Bond ETF</name>
        <lei>N/A</lei>
        <title>Vanguard Total International Bond ETF</title>
        <cusip>92203J407</cusip>
        <identifiers>
          <isin value="US92203J4076"/>
          <other otherDesc="Inhouse Asset ID" value="590014"/>
        </identifiers>
        <balance>696825.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33747234.75000000</valUSD>
        <pctVal>3.932438813482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Franklin High Yield Corporate ETF</name>
        <lei>5493002F67QK4VNO5Q54</lei>
        <title>Franklin High Yield Corporate ETF</title>
        <cusip>35473P629</cusip>
        <identifiers>
          <isin value="US35473P6299"/>
          <other otherDesc="Inhouse Asset ID" value="871495"/>
        </identifiers>
        <balance>626306.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15212972.74000000</valUSD>
        <pctVal>1.772710709911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Franklin BSP Lending Fund</name>
        <lei>N/A</lei>
        <title>Franklin BSP Lending Fund, Class R6</title>
        <cusip>35243L502</cusip>
        <identifiers>
          <isin value="US35243L5021"/>
          <other otherDesc="Inhouse Asset ID" value="1491280"/>
        </identifiers>
        <balance>2134275.69600000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21641555.56000000</valUSD>
        <pctVal>2.521809377827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Franklin Institutional U.S. Government Money Market Fund</name>
        <lei>549300M4TP89K77LG374</lei>
        <title>Franklin Institutional U.S. Government Money Market Fund</title>
        <cusip>457756500</cusip>
        <identifiers>
          <isin value="US4577565009"/>
          <other otherDesc="Inhouse Asset ID" value="170875"/>
        </identifiers>
        <balance>20471346.25100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20471346.25000000</valUSD>
        <pctVal>2.385449271743</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Fund Allocator Series</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
