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        <name>BlackRock, Inc.</name>
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        <name>N/A</name>
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        <name>GSK plc</name>
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        <name>Everest Re Group Ltd.</name>
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        <name>British American Tobacco plc</name>
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        <name>Check Point Software Technologies Ltd.</name>
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        <name>BP plc</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>Capital One Financial Corp.</name>
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        <name>Reckitt Benckiser Group plc</name>
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        <name>Activision Blizzard, Inc.</name>
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        <name>Walter Energy, Inc.</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>International Automotive Components Group BVBA</name>
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        <name>Haleon plc</name>
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        <name>Schlumberger NV</name>
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        <name>Covestro AG</name>
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        <name>Fresenius SE &amp; Co. KGaA</name>
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        <name>Elevance Health, Inc.</name>
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        <name>General Motors Co.</name>
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        <name>CoreLogic, Inc. / First American Corp., (The)</name>
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        <name>Deutsche Telekom AG</name>
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        <name>Voya Financial, Inc.</name>
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        <name>N/A</name>
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        <name>AerCap Holdings NV</name>
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        <name>Parker-Hannifin Corp.</name>
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        <name>Charter Communications, Inc.</name>
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        <name>Bausch Health Cos., Inc.</name>
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        <name>CVS Health Corp.</name>
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        <name>Capgemini SE</name>
        <lei>96950077L0TN7BAROX36</lei>
        <title>Capgemini SE</title>
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        <valUSD>8405875.33000000</valUSD>
        <pctVal>1.931929089214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Novartis AG</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>Novartis AG</title>
        <cusip>66987V109</cusip>
        <identifiers>
          <isin value="US66987V1098"/>
          <other otherDesc="Inhouse Asset ID" value="43666"/>
        </identifiers>
        <balance>114942.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11598797.22000000</valUSD>
        <pctVal>2.665760895744</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Foreign Exchange EUR/USD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1271515"/>
          <other otherDesc="Future Ticker" value="ECU3 Curncy"/>
        </identifiers>
        <balance>-68.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-122715.46000000</valUSD>
        <pctVal>-0.02820379289</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Clearing House</counterpartyName>
              <counterpartyLei>LCZ7XYGSLJUHFXXNXD88</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>Foreign Exchange EUR/USD</issueTitle>
                <identifiers>
                  <other otherDesc="N/A" value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2023-09-18</expDate>
            <notionalAmt>-9310050.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-122715.46000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ferguson plc</name>
        <lei>213800DU1LGY3R2S2X42</lei>
        <title>Ferguson plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JE00BJVNSS43"/>
          <other otherDesc="Inhouse Asset ID" value="1137480"/>
        </identifiers>
        <balance>33247.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5230085.57000000</valUSD>
        <pctVal>1.202034773903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Electric Corp.</name>
        <lei>549300TRXM9Y6561AX39</lei>
        <title>Mitsubishi Electric Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3902400005"/>
          <other otherDesc="Inhouse Asset ID" value="31948"/>
        </identifiers>
        <balance>516525.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="144.27500000"/>
        <valUSD>7303047.06000000</valUSD>
        <pctVal>1.678465180747</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DR Horton, Inc.</name>
        <lei>529900ZIUEYVSB8QDD25</lei>
        <title>DR Horton, Inc.</title>
        <cusip>23331A109</cusip>
        <identifiers>
          <isin value="US23331A1097"/>
          <other otherDesc="Inhouse Asset ID" value="29652"/>
        </identifiers>
        <balance>51359.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6249876.71000000</valUSD>
        <pctVal>1.436414191982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung Electronics Co. Ltd.</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005930003"/>
          <other otherDesc="Inhouse Asset ID" value="19148"/>
        </identifiers>
        <balance>152438.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1317.57000000"/>
        <valUSD>8394246.26000000</valUSD>
        <pctVal>1.929256370700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Foreign Currency Contract</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="100190"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>N/A</curCd>
        <valUSD>-24832.77000000</valUSD>
        <pctVal>-0.00570733550</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="Forward Foreign Currency Contract" issuerCat="OTHER"/>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>UBS AG</counterpartyName>
              <counterpartyLei>BFM8T61CT2L1QCEMIK50</counterpartyLei>
            </counterparties>
            <amtCurSold>1654196.80000000</amtCurSold>
            <curSold>GBP</curSold>
            <amtCurPur>2076165.86000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2023-07-17</settlementDt>
            <unrealizedAppr>-24832.77000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <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>2023-07-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Templeton Variable Insurance Products Trust</ncom:nameOfApplicant>
      <ncom:signature>Ryan Wheeler</ncom:signature>
      <ncom:signerName>Ryan Wheeler</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
