EX-99.B8.L. 8 file007.txt FRANKLIN-AMENDMENT TO ASA AMENDMENT NO. 4 TO ADMINISTRATIVE SERVICES AGREEMENT Franklin Templeton Services, LLC Allianz Life Insurance Company of North America THIS AMENDMENT is made by and between Franklin Templeton Services, LLC (the "Fund Administrator") and Allianz Life Insurance Company of North America (the "Company"). WHEREAS, The Company and the Fund Administrator have entered into an Administrative Services Agreement, dated as of October 1, 2003, as may be amended from time to time (the "Agreement"), concerning certain administrative services with respect to each series ("Fund" or "Funds") of Franklin Templeton Variable Insurance Products Trust (the "Trust"), which Funds are investment options in certain variable life insurance and variable annuity contracts issued by the Company; and WHEREAS, the Company and the Fund Administrator wish to amend the Agreement for the purpose of adding certain Funds and updating certain variable life or variable annuity insurance contracts covered by the Agreement. NOW, THEREFORE, in consideration of past and prospective business relations, the Fund Administrator and the Company hereby amend the Agreement as follows: 1. Schedule B of the Agreement is hereby deleted and replaced in its entirety with the Schedule B attached hereto. 2. All other terms and provisions of the Agreement not amended herein shall remain in full force and effect. This Amendment is executed as of July 31, 2007. ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA By: /S/ STEWART D. GREGG Name: Stewart D. Gregg Title: Senior Securities Counsel FRANKLIN TEMPLETON SERVICES, LLC By: /S/ THOMAS REGNER Name: Thomas Regner Title: Vice President Allianz ASA Amd #4 2007-7-16.doc SCHEDULE B ADMINISTRATIVE EXPENSE PAYMENT The Fund Administrator agrees to pay the Company a fee, computed daily and paid quarterly in arrears, equal to an annual rate as set forth below, applied to the average daily net assets of the shares of the Funds held in the subaccounts of the Accounts. The payment will be computed and paid in the manner described more completely in the Agreement.
-------- ------------------ ------------------------------------------------------- ----------- -------------------- PRODUCT NAME/ BEGINNING OF # SECURITIES ACT FEE PERIOD FOR NO. FUNDS OF THE TRUST RATE COMPUTATION OF FEE -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 1. Allianz Value CLASS 1 SHARES: 0.10% 10/01/03 Life Franklin Global Communication Securities Fund 33-11158 Franklin Growth and Income Securities Fund Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Global Real Estate Securities Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Franklin Zero Coupon Fund 2010 Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Global Asset Allocation Fund * Templeton Global Income Securities Fund Templeton Growth Securities Fund -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Franklin Money Market Fund - Class 1 * 0.05% 10/01/03 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 2. Allianz Alterity CLASS 2 SHARES: 0.20% 10/01/03 333-82329 Franklin Global Communications Securities Fund Franklin Growth and Income Securities Fund Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Global Real Estate Securities Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Growth Securities Fund -------- ------------------ ------------------------------------------------------- ----------- -------------------- * This fund is closed to new investors as of 5/1/04. 2 -------- ------------------ ------------------------------------------------------- ----------- -------------------- PRODUCT NAME/ BEGINNING OF # SECURITIES ACT FEE PERIOD FOR NO. FUNDS OF THE TRUST RATE COMPUTATION OF FEE -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Allianz Alterity Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03 (cont'd) 333-82329 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Templeton Global Income Securities Funds - Class 2 0.20% 05/01/07 Franklin Templeton VIP Founding Funds Allocation Fund 0.20% 09/21/07 - Class 2 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 3. Allianz CLASS 2 SHARES: 0.20% 10/01/03 Dimensions Franklin Global Communications Securities Fund 33-47886 Franklin Growth and Income Securities Fund Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Global Real Estate Securities Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Growth Securities Fund -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 4. Allianz Rewards CLASS 2 SHARES: 0.20% 10/01/03 333-95729 Franklin Global Communications Securities Fund Franklin Growth and Income Securities Fund Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Global Real Estate Securities Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Growth Securities Fund -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Templeton Global Income Securities Funds - Class 2 0.20% 05/01/07 Franklin Templeton VIP Founding Funds Allocation Fund 0.20% 09/21/07 - Class 2 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 3 -------- ------------------ ------------------------------------------------------- ----------- -------------------- PRODUCT NAME/ BEGINNING OF # SECURITIES ACT FEE PERIOD FOR NO. FUNDS OF THE TRUST RATE COMPUTATION OF FEE -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 5. Allianz Charter CLASS 2 SHARES: 0.20% 10/01/03 333-63719 Franklin Global Communications Securities Fund Franklin Growth and Income Securities Fund Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Global Real Estate Securities Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Global Asset Allocation Fund * Templeton Global Income Securities Fund * Templeton Growth Securities Fund -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Franklin Money Market Fund - Class 2 * 0.05% 10/01/03 Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03 -------- ------------------ ------------------------------------------------------- ----------- -------------------- 6. Valuemark II CLASS 1 SHARES: 0.10% 10/01/03 33-23035 Franklin Global Communications Securities Fund Franklin Growth and Income Securities Fund Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Global Real Estate Securities Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Franklin Zero Coupon Fund 2010 Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Global Asset Allocation Fund * Templeton Global Income Securities Fund Templeton Growth Securities Fund -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Franklin Money Market Fund - Class 1 * 0.05% 10/01/03 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- * This fund is closed to new investors as of 5/1/04. 4 -------- ------------------ ------------------------------------------------------- ----------- -------------------- PRODUCT NAME/ BEGINNING OF # SECURITIES ACT FEE PERIOD FOR NO. FUNDS OF THE TRUST RATE COMPUTATION OF FEE -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 7. Valuemark III CLASS 1 SHARES: 0.10% 10/01/03 33-72046 Franklin Global Communications Securities Fund Franklin Growth and Income Securities Fund Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Global Real Estate Securities Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Franklin Zero Coupon Fund 2010 Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Global Asset Allocation Fund * Templeton Global Income Securities Fund Templeton Growth Securities Fund -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Franklin Money Market Fund - Class 1 * 0.05% 10/01/03 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 8. Valuemark Income CLASS 1 SHARES: 0.10% 10/01/03 Plus Franklin Global Communications Securities Fund 33-76190 Franklin Growth and Income Securities Fund Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Global Real Estate Securities Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Franklin Zero Coupon Fund 2010 Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Global Asset Allocation Fund * Templeton Global Income Securities Fund * Templeton Growth Securities Fund -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Franklin Money Market Fund - Class 1 * 0.05% 10/01/03 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- * This fund is closed to new invetors as of 5/1/04. 5 -------- ------------------ ------------------------------------------------------- ----------- -------------------- PRODUCT NAME/ BEGINNING OF # SECURITIES ACT FEE PERIOD FOR NO. FUNDS OF THE TRUST RATE COMPUTATION OF FEE -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 9. Valuemark IV CLASS 1 SHARES: 0.10% 10/01/03 333-06709 Franklin Global Communications Securities Fund Franklin Growth and Income Securities Fund Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Global Real Estate Securities Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Franklin Zero Coupon Fund 2010 Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Global Asset Allocation Fund * Templeton Global Income Securities Fund Templeton Growth Securities Fund -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Franklin Money Market Fund - Class 1 * 0.05% 10/01/03 -------- ------------------ ------------------------------------------------------- ----------- -------------------- 10. Valuemark Life CLASS 1 SHARES: 0.10% 10/01/03 33-15464 Franklin Global Communications Securities Fund Franklin Growth and Income Securities Fund Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Global Real Estate Securities Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Franklin Zero Coupon Fund 2010 Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Global Asset Allocation Fund * Templeton Global Income Securities Fund * Templeton Growth Securities Fund -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Franklin Money Market Fund - Class 1 * 0.05% 10/01/03 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- * This fund is closed to new investors as of 5/1/04. 6 -------- ------------------ ------------------------------------------------------- ----------- -------------------- PRODUCT NAME/ BEGINNING OF # SECURITIES ACT FEE PERIOD FOR NO. FUNDS OF THE TRUST RATE COMPUTATION OF FEE -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 11. Allianz Life Fund CLASS 2 SHARES: 0.20% 10/01/03 333-60206 Franklin Global Communications Securities Fund Franklin Growth and Income Securities Fund Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Global Real Estate Securities Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Growth Securities Fund -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Templeton Global Income Securities Funds - Class 2 0.20% 05/01/07 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 12. Allianz High Five CLASS 2 SHARES: 0.20% 10/01/03 333-90260 Franklin Global Communications Securities Fund Franklin Growth and Income Securities Fund Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Global Real Estate Securities Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Growth Securities Fund -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Templeton Global Income Securities Funds - Class 2 0.20% 05/01/07 Franklin Templeton VIP Founding Funds Allocation Fund 0.20% 09/21/07 - Class 2 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 7 -------- ------------------ ------------------------------------------------------- ----------- -------------------- PRODUCT NAME/ BEGINNING OF # SECURITIES ACT FEE PERIOD FOR NO. FUNDS OF THE TRUST RATE COMPUTATION OF FEE -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 13. Allianz Charter CLASS 2 SHARES: 0.20% 10/01/03 II Franklin Global Communications Securities Fund 333-101812 Franklin Growth and Income Securities Fund Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Global Real Estate Securities Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Growth Securities Fund -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Templeton Global Income Securities Funds - Class 2 0.20% 05/01/07 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 14. Allianz High CLASS 2 SHARES: 0.20% 10/01/03 Five Bonus Franklin Global Communications Securities Fund 333-111049 Franklin Growth and Income Securities Fund Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Global Real Estate Securities Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Growth Securities Fund -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Franklin Zero Coupon Fund 2010 - Class 1 0.10% 10/01/03 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Templeton Global Income Securities Funds - Class 2 0.20% 05/01/07 Franklin Templeton VIP Founding Funds Allocation Fund 0.20% 09/21/07 Class 2 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 8 -------- ------------------ ------------------------------------------------------- ----------- -------------------- PRODUCT NAME/ BEGINNING OF # SECURITIES ACT FEE PERIOD FOR NO. FUNDS OF THE TRUST RATE COMPUTATION OF FEE -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 15. Allianz High CLASS 2 SHARES: 0.20% 04/29/05 Five L Franklin Global Communications Securities Fund 333-120181 Franklin Growth and Income Securities Fund Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin Global Real Estate Securities Fund Franklin Rising Dividends Securities Fund Franklin Small-Mid Cap Growth Securities Fund Franklin Small Cap Value Securities Fund Franklin U.S. Government Fund Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Developing Markets Securities Fund Templeton Foreign Securities Fund Templeton Growth Securities Fund -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Franklin Zero Coupon Fund 2010 - Class 1 0.10% 04/29/05 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Templeton Global Income Securities Funds - Class 2 0.20% 05/01/07 Franklin Templeton VIP Founding Funds Allocation Fund 0.20% 09/21/07 - Class 2 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 16. Allianz Custom CLASS 2 SHARES: 0.20% 05/01/06 Income Franklin Income Securities Fund 333-126217 Franklin U.S. Government Fund Mutual Shares Securities Fund -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- CLASS 2 SHARES: 0.20% 05/01/07 Mutual Discovery Securities Fund Templeton Global Income Securities Funds Franklin Templeton VIP Founding Funds Allocation Fund 0.20% 09/21/07 - Class 2 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 9 -------- ------------------ ------------------------------------------------------- ----------- -------------------- PRODUCT NAME/ BEGINNING OF # SECURITIES ACT FEE PERIOD FOR NO. FUNDS OF THE TRUST RATE COMPUTATION OF FEE -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 17. Allianz Elite CLASS 2 SHARES: 0.20% 05/01/07 333-134267 Franklin Global Communications Securities Fund Franklin Growth and Income Securities Fund Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin U.S. Government Fund Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Foreign Securities Fund Templeton Global Income Securities Fund Templeton Growth Securities Fund -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Franklin Zero Coupon Fund 2010 - Class 1 0.10% 05/01/07 Franklin Templeton VIP Funding Funds Allocation Fund 0.20% 09/21/07 - Class 2 -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- 18. Allianz Vision CLASS 2 SHARES: 0.20% 05/01/07 333-139701 Franklin Global Communications Securities Fund Franklin High Income Securities Fund Franklin Income Securities Fund Franklin Large Cap Growth Securities Fund Franklin U.S. Government Fund Mutual Discovery Securities Fund Mutual Shares Securities Fund Templeton Global Income Securities Fund Templeton Growth Securities Fund -------- ------------------ ------------------------------------------------------- ----------- -------------------- -------- ------------------ ------------------------------------------------------- ----------- -------------------- Franklin Zero Coupon Fund 2010 - Class 1 0.10% 05/01/07 Franklin Templeton VIP Funding Funds Allocation Fund 0.20% 09/21/07 - Class 2 -------- ------------------ ------------------------------------------------------- ----------- --------------------