X0101 EFFECT 33 LIVE 2015-05-01 0000837274-15-000032 485APOS 0000837274 FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST 033-23493 S000040299 Franklin VolSmart Allocation VIP Fund C000125189 Class 2 S000040299 Franklin VolSmart Allocation VIP Fund C000125190 Class 5