EX-99(14(ii)

                         CONSENT OF INDEPENDENT AUDITORS

We hereby consent to the incorporation by reference in the Registration
Statement of Franklin Templeton Variable Insurance Products Trust on Form N-14
of our report dated February 5, 2002, relating to the financial statements and
financial highlights of Franklin Technology Securities Fund, a series of
Franklin Templeton Variable Insurance Products Trust, in the December 31, 2001
Annual report to shareholders, which are also incorporated by reference in the
Registration Statement. We also consent to the reference to our firm under the
caption "Auditor."

                         /s/ PricewaterhouseCoopers LLP
                         PricewaterhouseCoopers LLP

San Francisco, California
November 19, 2002