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        <name>N/A</name>
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        <name>N/A</name>
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        <name>Republic of Panama</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Indian Rupee</name>
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        <name>Republic of Serbia</name>
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        <name>N/A</name>
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        <name>Federation of Malaysia</name>
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        <name>N/A</name>
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        <name>Inter-American Development Bank</name>
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        <name>Arab Republic of Egypt</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Treasury Corp. of Victoria</name>
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        <name>Colombian Peso</name>
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        <name>United Mexican States</name>
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        <name>N/A</name>
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        <name>Federative Republic of Brazil</name>
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        <name>International Bank for Reconstruction &amp; Development</name>
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        <name>N/A</name>
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        <name>Republic of South Africa</name>
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        <cusip>N/A</cusip>
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          <isin value="ZAG000125980"/>
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        <invCountry>ZA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Republic of Ghana</name>
        <lei>213800PP4399SNNXZ126</lei>
        <title>Ghana Government Bond</title>
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          <isin value="US374422AQ66"/>
          <other otherDesc="Inhouse Asset ID" value="1541722"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federation of Malaysia</name>
        <lei>254900GSIL471JOBYY43</lei>
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          <isin value="MYBMO1600034"/>
          <other otherDesc="Inhouse Asset ID" value="1128452"/>
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        <invCountry>MY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Federative Republic of Brazil</name>
        <lei>254900ZFY40OYEADAP90</lei>
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          <isin value="BRSTNCNTF204"/>
          <other otherDesc="Inhouse Asset ID" value="1145199"/>
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        <balance>435778000.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.16230000"/>
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        <invCountry>BR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.99999990</annualizedRt>
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      <invstOrSec>
        <name>Republic of Panama</name>
        <lei>549300SHS4T08CL0LP14</lei>
        <title>Panama Government Bond</title>
        <cusip>698299BN3</cusip>
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          <isin value="US698299BN37"/>
          <other otherDesc="Inhouse Asset ID" value="1130525"/>
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        <balance>2940000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2471070.00000000</valUSD>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25200000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>European Investment Bank</name>
        <lei>5493006YXS1U5GIHE750</lei>
        <title>European Investment Bank</title>
        <cusip>N/A</cusip>
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          <isin value="EU000A4D7YV7"/>
          <other otherDesc="Inhouse Asset ID" value="1493077"/>
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        <balance>843400000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hellenic Republic</name>
        <lei>2138003EKTMKZ5598902</lei>
        <title>Greece Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GR0124039737"/>
          <other otherDesc="Inhouse Asset ID" value="1490848"/>
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        <balance>8044000.00000000</balance>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federation of Malaysia</name>
        <lei>254900GSIL471JOBYY43</lei>
        <title>Malaysia Government Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYBMS1200026"/>
          <other otherDesc="Inhouse Asset ID" value="524961"/>
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        <invCountry>MY</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Egypt Government Bond</title>
        <cusip>038461AM1</cusip>
        <identifiers>
          <isin value="US038461AM14"/>
          <other otherDesc="Inhouse Asset ID" value="1191640"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>EG</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <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="199469"/>
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        <units>NC</units>
        <curCd>N/A</curCd>
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              <counterpartyName>Deutsche Bank</counterpartyName>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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          <other otherDesc="Inhouse Asset ID" value="1416208"/>
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        <curCd>USD</curCd>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.25000000</annualizedRt>
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        <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="198861"/>
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        <units>NC</units>
        <curCd>N/A</curCd>
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              <counterpartyName>Citibank</counterpartyName>
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        <name>Queensland Treasury Corp.</name>
        <lei>98INKCEEHOU5YJS0HQ88</lei>
        <title>Queensland Treasury Corp.</title>
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        <identifiers>
          <isin value="AU3CB0284172"/>
          <other otherDesc="Inhouse Asset ID" value="1246686"/>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Federation of Malaysia</name>
        <lei>254900GSIL471JOBYY43</lei>
        <title>Malaysia Government Bond</title>
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          <isin value="MYBMS1300057"/>
          <other otherDesc="Inhouse Asset ID" value="1162947"/>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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          <isin value="US91282CGM73"/>
          <other otherDesc="Inhouse Asset ID" value="1237647"/>
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        <issuerCat>UST</issuerCat>
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        <name>N/A</name>
        <lei>N/A</lei>
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              <counterpartyName>Morgan Stanley Bank, N.A.</counterpartyName>
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      <invstOrSec>
        <name>Arab Republic of Egypt</name>
        <lei>529900GFIVH4086NMH82</lei>
        <title>Egypt Government Bond</title>
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        <identifiers>
          <isin value="US03846JAF75"/>
          <other otherDesc="Inhouse Asset ID" value="1167208"/>
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        <name>Republic of Panama</name>
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        <name>N/A</name>
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        <name>Republic of Panama</name>
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        <name>Republic of Colombia</name>
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        <name>Republic of Colombia</name>
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        <name>N/A</name>
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        <name>Pound Sterling</name>
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        <name>Republic of India</name>
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        <name>Rupiah</name>
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        <name>Federative Republic of Brazil</name>
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        <name>Republic of Panama</name>
        <lei>549300SHS4T08CL0LP14</lei>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Used CNY (Onshore Yuan) instead of CNH (Offshore Yuan) for all base currency isocodes." noteItem="B.3"/>
      <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"/>
      <explntrNote note="Used CNY (Onshore Yuan) instead of CNH (Offshore Yuan) for all base currency isocodes." noteItem="C.11.e.i"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-30</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>
