Franklin Templeton Investments

<GAIN FROM OUR PERSPECTIVE>

Franklin Templeton Variable Insurance Products Trust (FTVIPT)

Prospectuses and Reports


Each FTVIP Fund is a series of Franklin Templeton Variable Insurance Products Trust.

FTVIPT funds are not offered or sold to the public. For more information about these funds contact your financial advisor or the insurance company offering your variable
contract.

XBRL documents are available as .zip archive files. You need a zip extractor application to access these files.

Dates indicate the most recent update to the document, including any amendments or supplements.

    Share Class 1 Share Class 2 Share Class 4 Share Class 5
Franklin Flex Cap Growth VIP Fund
Summary Prospectus 05-01-2014 729-PSUM 702-PSUM
Prospectus 05-01-2014 VIP2-P VIP4-P
Statement of Additional Information (SAI) 05-01-2014 VIP-SAI VIP-SAI
Annual Report 12-31-2014 VIP2-A VIP4-A
Semiannual Report 06-30-2014 VIP2-S VIP4-S
XBRL 09-29-2014 ZIP(169k) ZIP (170k)
Franklin Founding Funds Allocation VIP Fund
Summary Prospectus 05-01-2014 783-PSUM 784-PSUM 701-PSUM
Prospectus 05-01-2014 VIP1-P VIP2-P VIP4-P
Statement of Additional Information (SAI) 05-01-2014 VIP-SAI VIP-SAI VIP-SAI
Annual Report 12-31-2014 VIP1-A VIP2-A VIP4-A
Semiannual Report 06-30-2014 VIP1-S VIP2-S VIP4-S
XBRL 05-05-2014 ZIP (560k) ZIP (646k) ZIP (499k)
    Share Class 1 Share Class 2 Share Class 4 Share Class 5
Franklin Global Real Estate VIP Fund
Summary Prospectus 05-01-2014 771-PSUM 772-PSUM
Prospectus 05-01-2014 VIP1-P VIP2-P
Statement of Additional Information (SAI) 05-01-2014 VIP-SAI VIP-SAI
Annual Report 12-31-2014 VIP1-A VIP2-A
Semiannual Report 06-30-2014 VIP1-S VIP2-S
XBRL 05-05-2014 ZIP (560k) ZIP (646k)
Franklin Growth and Income VIP Fund
Summary Prospectus 05-01-2014 767-PSUM 768-PSUM
Prospectus 05-01-2014 VIP1-P VIP2-P
Statement of Additional Information (SAI) 05-01-2014 VIP-SAI VIP-SAI
Annual Report 12-31-2014 VIP1-A VIP2-A
Semiannual Report 06-30-2014 VIP1-S VIP2-S
XBRL 05-05-2014 ZIP (560k) ZIP (646k)
    Share Class 1 Share Class 2 Share Class 4 Share Class 5
Franklin High Income VIP Fund
Summary Prospectus 05-01-2014 777-PSUM 778-PSUM 707-PSUM
Prospectus 05-01-2014 VIP1-P VIP2-P VIP4-P
Statement of Additional Information (SAI) 05-01-2014 VIP-SAI VIP-SAI VIP-SAI
Annual Report 12-31-2014 VIP1-A VIP2-A VIP4-A
Semiannual Report 06-30-2014 VIP1-S VIP2-S VIP4-S
XBRL 05-05-2014 ZIP (560k) ZIP (646k) ZIP (499k)
Franklin Income VIP Fund
Summary Prospectus 05-01-2014 769-PSUM 770-PSUM 708-PSUM
Prospectus 05-01-2014 VIP1-P VIP2-P VIP4-P
Statement of Additional Information (SAI) 05-01-2014 VIP-SAI VIP-SAI VIP-SAI
Annual Report 12-31-2014 VIP1-A VIP2-A VIP4-A
Semiannual Report 06-30-2014 VIP1-S VIP2-S VIP4-S
XBRL 05-05-2014 ZIP (560k) ZIP (646k) ZIP (499k)
    Share Class 1 Share Class 2 Share Class 4 Share Class 5
Franklin Large Cap Growth VIP Fund
Summary Prospectus 05-01-2014 721-PSUM 722-PSUM
Prospectus 05-01-2014 VIP1-P VIP2-P
Statement of Additional Information (SAI) 05-01-2014 VIP-SAI VIP-SAI
Annual Report 12-31-2014 VIP1-A VIP2-A
Semiannual Report 06-30-2014 VIP1-S VIP2-S
XBRL 05-05-2014 ZIP (560k) ZIP (646k)
    Share Class 1 Share Class 2 Share Class 4 Share Class 5
Franklin Managed Volatility Global Allocation VIP Fund
Summary Prospectus 05-01-2014 792-PSUM 795-PSUM
Prospectus 05-01-2014 VIP2-P VIP5-P
Statement of Additional Information (SAI) 05-01-2014 VIP-SAI VIP-SAI
Annual Report 12-31-2014 FMV-A FMV-A
Semiannual Report 04-01-2013 FMV-S FMV-S
XBRL 05-05-2014 ZIP (646k) ZIP (172k)
Franklin Mutual Global Discovery VIP Fund
Summary Prospectus 05-01-2014 753-PSUM 754-PSUM 736-PSUM
Prospectus 05-01-2014 VIP1-P VIP2-P VIP4-P
Statement of Additional Information (SAI) 05-01-2014 VIP-SAI VIP-SAI VIP-SAI
Annual Report 12-31-2014 VIP1-A VIP2-A VIP4-A
Semiannual Report 06-30-2014 VIP1-S VIP2-S VIP4-S
XBRL 07-31-2014 ZIP (259k) ZIP (259k) ZIP (260k)
    Share Class 1 Share Class 2 Share Class 4 Share Class 5
Franklin Mutual Shares VIP Fund
Summary Prospectus 05-01-2014 743-PSUM 744-PSUM 737-PSUM
Prospectus 05-01-2014 VIP1-P VIP2-P VIP4-P
Statement of Additional Information (SAI) 05-01-2014 VIP-SAI VIP-SAI VIP-SAI
Annual Report 12-31-2014 VIP1-A VIP2-A VIP4-A
Semiannual Report 06-30-2014 VIP1-S VIP2-S VIP4-S
XBRL 07-31-2014 ZIP (259k) ZIP (259k) ZIP (260k)
Franklin Rising Dividends VIP Fund
Summary Prospectus 05-01-2014 773-PSUM 774-PSUM 731-PSUM
Prospectus 05-01-2014 VIP1-P VIP2-P VIP4-P
Statement of Additional Information (SAI) 05-01-2014 VIP-SAI VIP-SAI VIP-SAI
Annual Report 12-31-2014 VIP1-A VIP2-A VIP4-A
Semiannual Report 06-30-2014 VIP1-S VIP2-S VIP4-S
XBRL 05-05-2014 ZIP (560k) ZIP (646k) ZIP (499k)
    Share Class 1 Share Class 2 Share Class 4 Share Class 5
Franklin Small Cap Value VIP Fund
Summary Prospectus 05-01-2014 775-PSUM 776-PSUM 732-PSUM
Prospectus 05-01-2014 VIP1-P VIP2-P VIP4-P
Statement of Additional Information (SAI) 05-01-2014 VIP-SAI VIP-SAI VIP-SAI
Annual Report 12-31-2014 VIP1-A VIP2-A VIP4-A
Semiannual Report 06-30-2014 VIP1-S VIP2-S VIP4-S
XBRL 07-31-2014 ZIP (259k) ZIP (259k) ZIP (260k)
Franklin Small-Mid Cap Growth VIP Fund
Summary Prospectus 05-01-2014 723-PSUM 724-PSUM 733-PSUM
Prospectus 05-01-2014 VIP1-P VIP2-P VIP4-P
Statement of Additional Information (SAI) 05-01-2014 VIP-SAI VIP-SAI VIP-SAI
Annual Report 12-31-2014 VIP1-A VIP2-A VIP4-A
Semiannual Report 06-30-2014 VIP1-S VIP2-S VIP4-S
XBRL 05-05-2014 ZIP (560k) ZIP (646k) ZIP (499k)
    Share Class 1 Share Class 2 Share Class 4 Share Class 5
Franklin Strategic Income VIP Fund
Summary Prospectus 05-01-2014 779-PSUM 780-PSUM 734-PSUM
Prospectus 05-01-2014 VIP1-P VIP2-P VIP4-P
Statement of Additional Information (SAI) 05-01-2014 VIP-SAI VIP-SAI VIP-SAI
Annual Report 12-31-2014 VIP1-A VIP2-A VIP4-A
Semiannual Report 06-30-2014 VIP1-S VIP2-S VIP4-S
XBRL 05-05-2014 ZIP (560k) ZIP (646k) ZIP (499k)
Franklin U.S. Government Securities VIP Fund
Summary Prospectus 05-01-2014 781-PSUM 782-PSUM
Prospectus 05-01-2014 VIP1-P VIP2-P
Statement of Additional Information (SAI) 05-01-2014 VIP-SAI VIP-SAI
Annual Report 12-31-2014 VIP1-A VIP2-A
Semiannual Report 06-30-2014 VIP1-S VIP2-S
XBRL 05-05-2014 ZIP (560k) ZIP (646k)
    Share Class 1 Share Class 2 Share Class 4 Share Class 5
Templeton Developing Markets VIP Fund
Summary Prospectus 05-01-2014 717-PSUM 718-PSUM 738-PSUM
Prospectus 05-01-2014 VIP1-P VIP2-P VIP4-P
Statement of Additional Information (SAI) 05-01-2014 VIP-SAI VIP-SAI VIP-SAI
Annual Report 12-31-2014 VIP1-A VIP2-A VIP4-A
Semiannual Report 06-30-2014 VIP1-S VIP2-S VIP4-S
XBRL 07-31-2014 ZIP (259k) ZIP (259k) ZIP (260k)
Templeton Foreign VIP Fund
Summary Prospectus 05-01-2014 719-PSUM 720-PSUM 785-PSUM
Prospectus 05-01-2014 VIP1-P VIP2-P VIP4-P
Statement of Additional Information (SAI) 05-01-2014 VIP-SAI VIP-SAI VIP-SAI
Annual Report 12-31-2014 VIP1-A VIP2-A VIP4-A
Semiannual Report 06-30-2014 VIP1-S VIP2-S VIP4-S
XBRL 07-31-2014 ZIP (259k) ZIP (259k) ZIP (260k)
    Share Class 1 Share Class 2 Share Class 4 Share Class 5
Templeton Global Bond VIP Fund
Summary Prospectus 05-01-2014 741-PSUM 742-PSUM 787-PSUM
Prospectus 05-01-2014 VIP1-P VIP2-P VIP4-P
Statement of Additional Information (SAI) 05-01-2014 VIP-SAI VIP-SAI VIP-SAI
Annual Report 12-31-2014 VIP1-A VIP2-A VIP4-A
Semiannual Report 06-30-2014 VIP1-S VIP2-S VIP4-S
XBRL 05-05-2014 ZIP (560k) ZIP (646k) ZIP (499k)
Templeton Growth VIP Fund
Summary Prospectus 05-01-2014 739-PSUM 740-PSUM 788-PSUM
Prospectus 05-01-2014 VIP1-P VIP2-P VIP4-P
Statement of Additional Information (SAI) 05-01-2014 VIP-SAI VIP-SAI VIP-SAI
Annual Report 12-31-2014 VIP1-A VIP2-A VIP4-A
Semiannual Report 06-30-2014 VIP1-S VIP2-S VIP4-S
XBRL 05-05-2014 ZIP (560k) ZIP (646k) ZIP (499k)

Effective May 1, 2014, our fund names have changed. Click here for additional information.

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