EX-99 (17)(i)

Voting Instructions Card
Templeton International             Insurance Company Name Prints Here
Smaller Companies Fund

                  Special Meeting of Shareholders To Be Held On
                                February 26, 2002

THESE VOTING INSTRUCTIONS ARE REQUESTED BY THE ABOVE-NAMED INSURANCE COMPANY IN
CONNECTION WITH A SOLICITATION OF PROXIES BY THE TRUSTEES OF FRANKLIN TEMPLETON
VARIABLE INSURANCE PRODUCTS TRUST (THE TRUST) ON BEHALF OF ITS SERIES TEMPLETON
INTERNATIONAL SMALLER COMPANIES FUND (INTERNATIONAL SMALLER COMPANIES).

This Voting Instruction Card, if properly executed, will be voted by your
insurance company in the manner directed by you. If this voting instruction card
is executed and no direction is made, this voting instruction card will be voted
FOR the proposal and, in the discretion of the insurance company, upon such
other business as may properly come before the Special Meeting.

By signing below, I instruct the insurance company to vote the shares of
International Smaller Companies related to my contract at the Special Meeting of
Shareholders to be held at One Franklin Parkway, San Mateo, California
94404-1906, at 10:00 a.m. Pacific time, February 26, 2002 and any adjournment of
the Special Meeting as indicated on the reverse side.

                                                   Date: _______________________

                                                   _____________________________


                                                   _____________________________
                                                     Signature(s):

         If a contract is held jointly, each contract owner should sign. If only
one signs, it will be binding. If a contract owner is a business entity, please
indicate the title of the person signing.



             Please vote by filling in the appropriate boxes below.


                                                                        
Proposal 1        To approve a Plan of Reorganization involving               [_]  [_]     [_]
                  International Smaller Companies and Templeton               For  Against Abstain
                  International Securities Fund (International Securities)
                  another series of the Trust, under which the following
                  will occur:

                  .    The acquisition the assets of International Smaller
                       Companies by International Securities in exchange for
                       shares of International Securities.
                  .    The distribution of such shares to the shareholders of
                       International Smaller Companies.
                  .    The dissolution of International Smaller Companies.

                  This is described more fully in the Prospectus and Proxy
                  Statement

Other Business    To vote upon any other business which may be legally        [_]          [_]
                  presented at the meeting or any adjournment thereof.        Grant        Withhold