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      <invstOrSec>
        <name>Arteris, Inc.</name>
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        <name>Ascendis Pharma A/S</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AutoZone, Inc.</name>
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        <name>Axon Enterprise, Inc.</name>
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        <name>BWX Technologies, Inc.</name>
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        <name>Blue Owl Capital, Inc.</name>
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        <name>Burlington Stores, Inc.</name>
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        <name>Carvana Co.</name>
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        <name>Casey's General Stores, Inc.</name>
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        <name>Cava Group, Inc.</name>
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        <name>CG oncology, Inc.</name>
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        <title>CG oncology, Inc.</title>
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        <name>Cheniere Energy, Inc.</name>
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        <name>Cloudflare, Inc.</name>
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        <name>Comfort Systems USA, Inc.</name>
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        <name>Databricks, Inc.</name>
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        <name>Datadog, Inc.</name>
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        <name>Dexcom, Inc.</name>
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        <name>DoorDash, Inc.</name>
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        <name>Equity LifeStyle Properties, Inc.</name>
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        <name>Fair Isaac Corp.</name>
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        <name>Fastenal Co.</name>
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        <title>Fastenal Co.</title>
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        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp</title>
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        <name>OneTrust LLC</name>
        <lei>984500WD5532BB49FA33</lei>
        <title>OneTrust LLC, Series C</title>
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      <invstOrSec>
        <name>Hilton Worldwide Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Howmet Aerospace, Inc.</name>
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        <title>Howmet Aerospace, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HubSpot, Inc.</name>
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        <title>HubSpot, Inc.</title>
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        <name>IDEXX Laboratories, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Insmed, Inc.</name>
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        <title>Insmed, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Franklin Institutional U.S. Government Money Market Fund</name>
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          <isin value="US4577565009"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Jones Lang LaSalle, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LPL Financial Holdings, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lattice Semiconductor Corp.</name>
        <lei>549300LRBBPZDQ2II567</lei>
        <title>Lattice Semiconductor Corp.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MSCI, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Manhattan Associates, Inc.</name>
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        <title>Manhattan Associates, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Marriott International, Inc.</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
        <title>Marriott International, Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Monolithic Power Systems, Inc.</name>
        <lei>529900TB7O85LSZ1XU31</lei>
        <title>Monolithic Power Systems, Inc.</title>
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        <name>NVR, Inc.</name>
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        <name>Nasdaq, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Natera, Inc.</name>
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        <title>Natera, Inc.</title>
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        <name>New York Times Co. (The)</name>
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        <name>Old Dominion Freight Line, Inc.</name>
        <lei>5299009TWK32WE417T96</lei>
        <title>Old Dominion Freight Line, Inc.</title>
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        <name>Onto Innovation, Inc.</name>
        <lei>254900RXZVN73CHOO062</lei>
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        <name>Paychex, Inc.</name>
        <lei>529900K900DW6SUBM174</lei>
        <title>Paychex, Inc.</title>
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        <name>Paymentus Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Paymentus Holdings, Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Penumbra, Inc.</name>
        <lei>549300RGE06P3ECANU72</lei>
        <title>Penumbra, Inc.</title>
        <cusip>70975L107</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>Pinterest, Inc.</name>
        <lei>529900Y043CEBGO4HB65</lei>
        <title>Pinterest, Inc., Class A</title>
        <cusip>72352L106</cusip>
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        <name>Procore Technologies, Inc.</name>
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        <name>Pure Storage, Inc.</name>
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      <invstOrSec>
        <name>Repligen Corp.</name>
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        <name>ROBLOX Corp.</name>
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        <name>SailPoint, Inc.</name>
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        <name>Benchling, Inc.</name>
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        <name>Targa Resources Corp.</name>
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      <invstOrSec>
        <name>Texas Roadhouse, Inc.</name>
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      <invstOrSec>
        <name>Trade Desk, Inc. (The)</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tractor Supply Co.</name>
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        <title>Tractor Supply Co.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tradeweb Markets, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TransUnion</name>
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        <title>TransUnion</title>
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        <name>Tyler Technologies, Inc.</name>
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        <name>United Rentals, Inc.</name>
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        <title>United Rentals, Inc.</title>
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        <name>Veeva Systems, Inc.</name>
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        <name>Verisk Analytics, Inc.</name>
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        <name>Vertiv Holdings Co.</name>
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        <title>Vertiv Holdings Co., Class A</title>
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        <name>Vistra Corp.</name>
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        <title>Vistra Corp.</title>
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        <name>Wingstop, Inc.</name>
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        <title>Wingstop, Inc.</title>
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        <name>Xylem, Inc.</name>
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        <title>Xylem, Inc.</title>
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        <name>Newsela, Inc.</name>
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        <title>Newsela, Inc., Series D</title>
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        <name>Fanatics Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Fanatics Holdings, Inc.</title>
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        <name>Plaid, Inc.</name>
        <lei>N/A</lei>
        <title>Plaid, Inc., Class A</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1454024"/>
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        <valUSD>619338.63000000</valUSD>
        <pctVal>0.153299974676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</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>N/A</lei>
        <title>Franklin Institutional U.S. Government Money Market Fund</title>
        <cusip>8611239C3</cusip>
        <identifiers>
          <isin value="US4577565009"/>
        </identifiers>
        <balance>1343000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1343000.00000000</valUSD>
        <pctVal>0.332422129055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="1343000.00000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Credo Technology Group Holding Ltd.</name>
        <lei>N/A</lei>
        <title>Credo Technology Group Holding Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG254571055"/>
          <other otherDesc="Inhouse Asset ID" value="1186479"/>
        </identifiers>
        <balance>3877.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>557861.53000000</valUSD>
        <pctVal>0.138083036128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Royal Caribbean Cruises Ltd.</name>
        <lei>K2NEH8QNVW44JIWK7Z55</lei>
        <title>Royal Caribbean Cruises Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LR0008862868"/>
          <other otherDesc="Inhouse Asset ID" value="62906"/>
        </identifiers>
        <balance>42679.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11904026.68000000</valUSD>
        <pctVal>2.946509228068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anduril Industries, Inc.</name>
        <lei>N/A</lei>
        <title>Anduril Industries, Inc., Series F</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1369855"/>
        </identifiers>
        <balance>45571.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2825402.00000000</valUSD>
        <pctVal>0.699349328575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Blaize Events &amp; Media, Inc.</name>
        <lei>N/A</lei>
        <title>Blaize Events &amp; Media, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1429224"/>
        </identifiers>
        <balance>10223.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Blaize Events &amp; Media, Inc.</name>
        <lei>N/A</lei>
        <title>Blaize Events &amp; Media, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1429225"/>
        </identifiers>
        <balance>10180.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Blaize Events &amp; Media, Inc.</name>
        <lei>N/A</lei>
        <title>Blaize Events &amp; Media, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1429226"/>
        </identifiers>
        <balance>10257.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Blaize Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Blaize Holdings, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1429223"/>
        </identifiers>
        <balance>10198.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</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>2026-01-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Templeton Variable Insurance Products Trust</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
