NPORT-P false 0000837274 XXXXXXXX S000007327 C000020126 C000020125 Franklin Templeton Variable Insurance Products Trust 811-05583 0000837274 549300PIBKZH7YTTWU55 One Franklin Parkway San Mateo 94403-1906 650-312-2000 Franklin Growth and Income VIP Fund S000007327 54930062WZFE42YV6G91 2020-12-31 2020-06-30 N 61150279.63 573264.10 60577015.53 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 458354.64000000 0.00000000 0.00000000 0.000000000 N SWK 7.00% ELN ISSUED BY GOLDMAN SACHS INTERNATIONAL SWK 7.00% ELN 02/24/21 W22LROWP2IHZNBB6K528 000000000 3000.00000000 NS USD 420744.89000000 0.694561932968 Long EP CORP GB N 2 N N N BASF SE ORD EUR NPV***REGISTERED SHARES*** 529900PM64WH8AF1E917 000000000 7860.00000000 NS 441451.37000000 0.728744006514 Long EC CORP DE N 2 N N N Broadcom Inc 8% CNV PFD a *AVGOP* 549300WV6GIDOZJTV909 11135F200 600.00000000 NS USD 668610.00000000 1.103735458325 Long EP CORP US N 1 N N N ENTERGY CORP COM USD0.01 4XM3TW50JULSLG8BNC79 29364G103 7200.00000000 NS USD 675432.00000000 1.114997155423 Long EC CORP US N 1 N N N LOW 7.00% ELN ISSUED BY Royal Bank of Canada LOW 7.00% ELN 10/09/2020 ES7IP3U3RHIGC71XBU11 78013P725 3100.00000000 NS USD 379557.63000000 0.626570369436 Long EP CORP CA N 2 N N N CITIGROUP INC COM USD0.01 6SHGI4ZSSLCXXQSBB395 172967424 24170.00000000 NS USD 1235087.00000000 2.038870666033 Long EC CORP US N 1 N N N SUNCOR ENERGY INC ORD USD NPV 549300W70ZOQDVLCHY06 867224107 16000.00000000 NS USD 269760.00000000 0.445317415590 Long EC CORP CA N 1 N N N APPLE INC COM USD.00001 HWUPKR0MPOU8FGXBT394 037833100 2460.00000000 NS USD 897408.00000000 1.481433167594 Long EC CORP US N 1 N N N REPUBLIC SERVICES INC COM USD.01 NKNQHM6BLECKVOQP7O46 760759100 12625.00000000 NS USD 1035881.25000000 1.710023580621 Long EC CORP US N 1 N N N UNITEDHEALTH GROUP INC COM USD0.01 549300GHBMY8T5GXDE41 91324P102 3500.00000000 NS USD 1032325.00000000 1.704152954661 Long EC CORP US N 1 N N N JPMORGAN CHASE & CO COM USD1 8I5DZWZKVSZI1NUHU748 46625H100 24195.00000000 NS USD 2275781.70000000 3.756840247227 Long EC CORP US N 1 N N N Fortive Corp 5% CNV PFD A *FTVVP* 549300MU9YQJYHDQEF63 34959J207 970.00000000 NS USD 835373.70000000 1.379027495315 Long EP CORP US N 1 N N N CANADIAN NATURAL RESOURCES LTD ORD NPV 549300T15RIMIKZC5Q38 136385101 17000.00000000 NS USD 296310.00000000 0.489145920127 Long EC CORP CA N 1 N N N ARTHUR J GALLAGHER & CO COM USD1 54930049QLLMPART6V29 363576109 5116.00000000 NS USD 498758.84000000 0.823346669749 Long EC CORP US N 1 N N N AMZN 6.0% ELN ISSUED BY WELLS FARGO BANK, NATIONAL ASSOCIATION 6.00% ELN 4/5/2021 KB1H1DSPRFMYMCUFXT09 95002A535 380.00000000 NS USD 868187.31000000 1.433195911690 Long EP CORP US N 2 N N N MERCK & CO INC COM USD.5 4YV9Y5M8S0BRK1RP0397 58933Y105 11040.00000000 NS USD 853723.20000000 1.409318687179 Long EC CORP US N 1 N N N COCA-COLA CO COM USD0.25 UWJKFUJFZ02DKWI3RY53 191216100 31000.00000000 NS USD 1385080.00000000 2.286477780197 Long EC CORP US N 1 N N N Danaher Corp 4.75% CNV PFD A *DHR PA* S4BKK9OTCEWQ3YHPFM11 235851300 650.00000000 NS USD 810465.50000000 1.337909259657 Long EP CORP US N 1 N N N HCA 6.00% ELN ISSUED BY GOLDMAN SACHS INTERNATIONAL HCA 6.00% ELN 12/23/2020 W22LROWP2IHZNBB6K528 000000000 3500.00000000 NS USD 352571.40000000 0.582021740284 Long EP CORP GB N 2 N N N CHEVRON CORP COM USD.75 N/A 166764100 16013.00000000 NS USD 1428839.99000000 2.358716383596 Long EC CORP US N 1 N N N Otis Worldwide Corp COM USD 0.01 549300ZLBKR8VSU25153 68902V107 2140.00000000 NS USD 121680.40000000 0.200868925177 Long EC CORP US N 1 N N N Danaher Corp 5% CNV PFD B S4BKK9OTCEWQ3YHPFM11 235851409 121.00000000 NS USD 129909.23000000 0.214453004763 Long EP CORP US N 1 N N N MCDONALD'S CORP COM USD.01 UE2136O97NLB5BYP9H04 580135101 5450.00000000 NS USD 1005361.50000000 1.659641847991 Long EC CORP US N 1 N N N TARGET CORP COM USD.0833 8WDDFXB5T1Z6J0XC1L66 87612E106 10430.00000000 NS USD 1250869.90000000 2.064924937380 Long EC CORP US N 1 N N N Raytheon Technologies Corp COM USD1 I07WOS4YJ0N7YRFE7309 75513E101 21700.00000000 NS USD 1337154.00000000 2.207361964436 Long EC CORP US N 1 N N N NORFOLK SOUTHERN CORP COM USD1 54930036C8MWP850MI84 655844108 6700.00000000 NS USD 1176319.00000000 1.941856972827 Long EC CORP US N 1 N N N TELUS CORP ORD CAD NPV L2TEUTQ8OSHMJWVLCE40 87971M103 16900.00000000 NS 283461.38000000 0.467935532181 Long EC CORP CA N 1 N N N MORGAN STANLEY COM USD.01 IGJSJL3JD5P30I6NJZ34 617446448 36100.00000000 NS USD 1743630.00000000 2.878368940339 Long EC CORP US N 1 N N N ILLINOIS TOOL WORKS INC COM NPV 76NA4I14SZCFAYMNSV04 452308109 1211.00000000 NS USD 211743.35000000 0.349544044300 Long EC CORP US N 1 N N N NEXTERA ENERGY INC COM USD.01 N/A 65339F101 6500.00000000 NS USD 1561105.00000000 2.577058289091 Long EC CORP US N 1 N N N PROLOGIS INC REIT USD.01 529900DFH19P073LZ636 74340W103 6350.00000000 NS USD 592645.50000000 0.978333935428 Long EC CORP US N 1 N N N HCA HEALTHCARE INC COM USD .01 529900PH4ZGUH2MNEU89 40412C101 3535.00000000 NS USD 343107.10000000 0.566398157779 Long EC CORP US N 1 N N N MSFT 6.50% ELN ISSUED BY BARCLAYS BANK PLC 6.50% ELN 11/05/2020 G5GSEF7VJP5I7OUK5573 06747D536 3000.00000000 NS USD 472780.64000000 0.780462087581 Long EP CORP GB N 2 N N N STANLEY BLACK & DECKER INC COM USD2.5 549300DJ09SMTO561131 854502101 1360.00000000 NS USD 189556.80000000 0.312918684325 Long EC CORP US N 1 N N N INTEL CORP COM USD.001 KNX4USFCNGPY45LOCE31 458140100 6950.00000000 NS USD 415818.50000000 0.686429492047 Long EC CORP US N 1 N N N EXXON MOBIL CORP COM NPV J3WHBG0MTS7O8ZVMDC91 30231G102 5950.00000000 NS USD 266084.00000000 0.439249107391 Long EC CORP US N 1 N N N MICROSOFT CORP COM USD0.001 INR2EJN1ERAN0W5ZP974 594918104 8781.00000000 NS USD 1787021.31000000 2.949998930064 Long EC CORP US N 1 N N N XCEL ENERGY INC COM USD2.5 LGJNMI9GH8XIDG5RCM61 98389B100 18846.00000000 NS USD 1177875.00000000 1.944425603827 Long EC CORP US N 1 N N N CISCO SYSTEMS INC COM USD NPV 8E6NF1YAL0WT6CWXXV93 17275R102 11500.00000000 NS USD 536360.00000000 0.885418331205 Long EC CORP US N 1 N N N TJX 5.5% ELN Issued by JPMorgan Chase Bank, National Association 5.5% ELN 08/25/2020 7H6GLXDRUGQFU57RNE97 48128D677 9000.00000000 NS USD 461022.74000000 0.761052250538 Long EP CORP US N 2 N N N FASTENAL CO COM USD.01 529900PP0C7H2HHPSJ32 311900104 5700.00000000 NS USD 244188.00000000 0.403103384779 Long EC CORP US N 1 N N N UNILEVER NV COM NY REGD NLG1 549300TK7G7NZTVM1Z30 904784709 10500.00000000 NS USD 559335.00000000 0.923345257448 Long EC CORP NL N 1 N N N DUKE ENERGY CORP COM USD.001 I1BZKREC126H0VB1BL91 26441C204 17040.00000000 NS USD 1361325.60000000 2.247264227346 Long EC CORP US N 1 N N N PFIZER INC COM USD.05 765LHXWGK1KXCLTFYQ30 717081103 30750.00000000 NS USD 1005525.00000000 1.659911752341 Long EC CORP US N 1 N N N BDX 7.5% ELN ISSUED BY CITIGROUP GLOBAL MARKETS HOLDINGS INC 7.50% ELN 12/11/20 82VOJDD5PTRDMVVMGV31 17327Y816 1600.00000000 NS USD 388198.86000000 0.640835235284 Long EP CORP US N 2 N N N Truist Financial Corp COM USD5 549300DRQQI75D2JP341 89832Q109 30600.00000000 NS USD 1149030.00000000 1.896808533644 Long EC CORP US N 1 N N N PEPSICO INC COM USD.017 FJSUNZKFNQ5YPJ5OT455 713448108 10768.00000000 NS USD 1424175.68000000 2.351016582014 Long EC CORP US N 1 N N N BLACKROCK INC COM USD.01 549300LRIF3NWCU26A80 09247X101 1280.00000000 NS USD 696435.20000000 1.149669051713 Long EC CORP US N 1 N N N Boston Scientific Corp 5.5% CNV PFD A *BSCFP* Y6ZDD9FP4P8JSSJMW954 101137206 2900.00000000 NS USD 303601.00000000 0.501181838266 Long EP CORP US N 1 N N N PUBLIC STORAGE REIT USD.1 549300LMZF40TKJ6DM64 74460D109 1290.00000000 NS USD 247538.10000000 0.408633700148 Long EC CORP US N 1 N N N TEXAS INSTRUMENTS INC COM USD1 WDJNR2L6D8RWOEB8T652 882508104 5600.00000000 NS USD 711032.00000000 1.173765319699 Long EC CORP US N 1 N N N LOCKHEED MARTIN CORP COM USD1 DPRBOZP0K5RM2YE8UU08 539830109 2164.00000000 NS USD 789686.88000000 1.303608098039 Long EC CORP US N 1 N N N JOHNSON & JOHNSON COM USD1 549300G0CFPGEF6X2043 478160104 12915.00000000 NS USD 1816236.45000000 2.998227024077 Long EC CORP US N 1 N N N VERIZON COMMUNICATIONS INC COM USD1 2S72QS2UO2OESLG6Y829 92343V104 25900.00000000 NS USD 1427867.00000000 2.357110180333 Long EC CORP US N 1 N N N Essential Utilities Inc 6% CNV PFD *WTRU* 549300ILTEOF3E3QY357 29670G201 12000.00000000 NS USD 678480.00000000 1.120028766791 Long EP CORP US N 1 N N N APOLLO GLOBAL MANAGEMENT INC COM USD NPV CL A 54930054P2G7ZJB0KM79 03768E105 11900.00000000 NS USD 594048.00000000 0.980649169990 Long EC CORP US N 1 N N N SHW 6.5% ELN Issued by CitiGroup Global Markets Holdings Inc 6.50% ELN 07/09/2021 82VOJDD5PTRDMVVMGV31 17327Y709 800.00000000 NS USD 455960.47000000 0.752695500117 Long EP CORP US N 2 N N N MEDTRONIC PLC ORD USD.1 549300GX3ZBSQWUXY261 000000000 16200.00000000 NS USD 1485540.00000000 2.452316257251 Long EC CORP IE N 1 N N N ANALOG DEVICES INC COM USD.167 GYVOE5EZ4GDAVTU4CQ61 032654105 4350.00000000 NS USD 533484.00000000 0.880670655912 Long EC CORP US N 1 N N N BANK OF AMERICA CORP COM USD.01 9DJT3UXIJIZJI4WXO774 060505104 53411.00000000 NS USD 1268511.25000000 2.094047121505 Long EC CORP US N 1 N N N EQUITY RESIDENTIAL REAL ESTATE INVESTMENT TRUST USD0.01 5493008RACSH5EP3PI59 29476L107 10640.00000000 NS USD 625844.80000000 1.033139045435 Long EC CORP US N 1 N N N COMCAST CORP COM A USD1 (NEW) 51M0QTTNCGUN7KFCFZ59 20030N101 26830.00000000 NS USD 1045833.40000000 1.726452501579 Long EC CORP US N 1 N N N EMERSON ELECTRIC CO COM USD1 FGLT0EWZSUIRRITFOA30 291011104 8025.00000000 NS USD 497790.75000000 0.821748555363 Long EC CORP US N 1 N N N WALMART INC COM USD0.1 Y87794H0US1R65VBXU25 931142103 10640.00000000 NS USD 1274459.20000000 2.103865944615 Long EC CORP US N 1 N N N LOWE'S COMPANIES INC COM USD.5 WAFCR4OKGSC504WU3E95 548661107 4920.00000000 NS USD 664790.40000000 1.097430096520 Long EC CORP US N 1 N N N FAST 7% ELN Issued by Citigroup Global Markets Holdings Inc 7.00 ELN 12/22/2020 82VOJDD5PTRDMVVMGV31 17327U392 8000.00000000 NS USD 315076.30000000 0.520125161735 Long EP CORP US N 2 N N N ORACLE CORP COM USD0.01 1Z4GXXU7ZHVWFCD8TV52 68389X105 2979.00000000 NS USD 164649.33000000 0.271801653745 Long EC CORP US N 1 N N N Becton Dickinson And Co 6% CNV PFD B *BKDCL* ICE2EP6D98PQUILVRZ91 075887406 12800.00000000 NS USD 680960.00000000 1.124122728797 Long EP CORP US N 1 N N N PROCTER & GAMBLE CO COM NPV 2572IBTT8CCZW6AU4141 742718109 14545.00000000 NS USD 1739145.65000000 2.870966215129 Long EC CORP US N 1 N N N Broadcom Inc COM USD 1 549300WV6GIDOZJTV909 11135F101 1050.00000000 NS USD 331390.50000000 0.547056498410 Long EC CORP US N 1 N N N ARES MANAGEMENT CORP COM USD NPV CL A 529900JUV61FH7B8VW38 03990B101 14300.00000000 NS USD 567710.00000000 0.937170633173 Long EC CORP US N 1 N N N ROGERS COMMUNICATIONS INC ORD B USD1.625 54930030NVF3Y2OL0A78 775109200 6450.00000000 NS USD 259225.50000000 0.427927156417 Long EC CORP CA N 1 N N N BAXTER INTERNATIONAL INC COM USD1 J5OIVXX3P24RJRW5CK77 071813109 5100.00000000 NS USD 439110.00000000 0.724878893682 Long EC CORP US N 1 N N N ORCL 6.50% ELN ISSUED BY BARCLAYS BANK PLC ORCL 6.50% ELN 01/22/2021 G5GSEF7VJP5I7OUK5573 06747F846 11500.00000000 NS USD 623364.87000000 1.029045198985 Long EP CORP GB N 2 N N N ROYAL DUTCH SHELL PLC SPONSORED ADR A 21380068P1DRHMJ8KU70 780259206 20413.00000000 NS USD 667300.97000000 1.101574523210 Long EC CORP GB N 1 N N NESTLE SA ORD REGD CHF0.1 KY37LUS27QQX7BB93L28 H57312649 5185.00000000 NS 574864.19000000 0.948980706577 Long EC CORP CH N 2 N N N BAC 7.00% ELN ISSUED BY CREDIT SUISSE AG BAC 7.00% ELN 10/15/20 ANGGYXNX0JLX3X63JN86 22550T310 22000.00000000 NS USD 542571.00000000 0.895671394922 Long EP CORP CH N 2 N N N TSCO 6.00% ELN ISSUED BY Royal Bank of Canada 6.00% ELN 12/11/2020 ES7IP3U3RHIGC71XBU11 78013P741 5700.00000000 NS USD 623048.34000000 1.028522674068 Long EP CORP CA N 2 N N N ADAS N/A 3617NN5K4 3676.09000000 PA USD 3676.09000000 0.006068456770 Short RA CORP US N 2 Repurchase Y 0.00065033 2020-07-01 3676.08742401 USD 3749.60917249 USD ADAS N N N UST N/A 912810EH7 1.15000000 PA USD 1.15000000 0.000001898409 Short RA CORP US N 2 Repurchase Y 0.00065033 2020-07-01 1.15000000 USD 1.17000000 USD UST N N N UST N/A 9128285S5 1387.03000000 PA USD 1387.03000000 0.002289696822 Short RA CORP US N 2 Repurchase Y 0.00065033 2020-07-01 1387.03000000 USD 1414.77000000 USD UST N N N UST N/A 912803AU7 84.97000000 PA USD 84.97000000 0.000140267722 Short RA CORP US N 2 Repurchase Y 0.00065033 2020-07-01 84.97000000 USD 86.67000000 USD UST N N N UST N/A 912833LD0 0.00000100 PA USD 0.00000100 0.000000000001 Short RA CORP US N 2 Repurchase Y 0.00065033 2020-07-01 0.00000100 USD 0.00000100 USD UST N N N UST N/A 912828Y87 104153.25000000 PA USD 104153.25000000 0.171935261400 Short RA CORP US N 2 Repurchase Y 0.00065033 2020-07-01 104153.25252464 USD 106236.35688579 USD UST N N N UST N/A 912833LK4 839.31000000 PA USD 839.31000000 0.001385525504 Short RA CORP US N 2 Repurchase Y 0.00065033 2020-07-01 839.31000000 USD 856.10000000 USD UST N N N UST N/A 9128286M7 379158.67000000 PA USD 379158.67000000 0.625911769806 Short RA CORP US N 2 Repurchase Y 0.00065033 2020-07-01 379158.66640745 USD 387355.41658410 USD UST N N N UST N/A 912828ZX1 21130.43000000 PA USD 21130.43000000 0.034881926445 Short RA CORP US N 2 Repurchase Y 0.00065033 2020-07-01 21130.43000000 USD 21553.05000000 USD UST N N N UST N/A 912803AY9 606.26000000 PA USD 606.26000000 0.001000808631 Short RA CORP US N 2 Repurchase Y 0.00065033 2020-07-01 606.26000000 USD 618.39000000 USD UST N N N UST N/A 9128285P1 43954.25000000 PA USD 43954.25000000 0.072559286084 Short RA CORP US N 2 Repurchase Y 0.00065033 2020-07-01 43954.25000000 USD 44833.35000000 USD UST N N N UST N/A 912834EP9 59517.02000000 PA USD 59517.02000000 0.098250168779 Short RA CORP US N 2 Repurchase Y 0.00065033 2020-07-01 59517.02364389 USD 60707.36411676 USD UST N N N UST N/A 912828V80 22676.59000000 PA USD 22676.59000000 0.037434313661 Short RA CORP US N 2 Repurchase Y 0.00065033 2020-07-01 22676.59000000 USD 23130.13000000 USD UST N N N UST N/A 912833LE8 0.00000100 PA USD 0.00000100 0.000000000001 Short RA CORP US N 2 Repurchase Y 0.00065033 2020-07-01 0.00000100 USD 0.00000100 USD UST N N N 2020-07-30 Robert Kubilis Robert Kubilis Robert Kubilis Chief Financial Officer, Chief Accounting Officer and Treasurer