0001193125-04-213749 Sample Contracts

FUND ADMINISTRATION AGREEMENT
Fund Administration Agreement • December 15th, 2004 • Franklin Templeton Variable Insurance Products Trust

AGREEMENT dated as of between FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (the “Investment Company”), an investment company registered under the Investment Company Act of 1940, as amended (“1940 Act”), on behalf of FRANKLIN LARGE CAP VALUE SECURITIES FUND (the “Fund”), and Franklin Templeton Services, LLC (“Administrator”).

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FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST on behalf of FRANKLIN FLEX CAP GROWTH SECURITIES FUND INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 15th, 2004 • Franklin Templeton Variable Insurance Products Trust • California

THIS INVESTMENT ADVISORY AGREEMENT made between Franklin Templeton Variable Insurance Products Trust, a Massachusetts business trust (the “Trust”), on behalf of Franklin Flex Cap Growth Securities Fund (the “Fund”), a series of the Trust, and FRANKLIN ADVISERS, INC., a California corporation (the “Adviser”).

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