Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Franklin Fund Allocator Series and
Shareholders of Franklin Conservative Allocation Fund, Franklin
Corefolio Allocation Fund, Franklin Founding Funds Allocation Fund,
Franklin Growth Allocation Fund, Franklin LifeSmartTM Retirement
Income Fund, Franklin LifeSmartTM 2020 Retirement Target Fund,
Franklin LifeSmartTM 2025 Retirement Target Fund, Franklin
LifeSmartTM 2030 Retirement Target Fund, Franklin LifeSmartTM 2035
Retirement Target Fund, Franklin LifeSmartTM 2040 Retirement Target
Fund, Franklin LifeSmartTM 2045 Retirement Target Fund, Franklin
LifeSmartTM 2050 Retirement Target Fund, Franklin LifeSmartTM 2055
Retirement Target Fund and Franklin Moderate Allocation Fund.

In planning and performing our audit of the financial statements of
Franklin Conservative Allocation Fund, Franklin Corefolio Allocation
Fund, Franklin Founding Funds Allocation Fund, Franklin Growth
Allocation Fund, Franklin LifeSmartTM Retirement Income Fund,
Franklin LifeSmartTM 2020 Retirement Target Fund, Franklin
LifeSmartTM 2025 Retirement Target Fund, Franklin LifeSmartTM 2030
Retirement Target Fund, Franklin LifeSmartTM 2035 Retirement Target
Fund, Franklin LifeSmartTM 2040 Retirement Target Fund, Franklin
LifeSmartTM 2045 Retirement Target Fund, Franklin LifeSmartTM 2050
Retirement Target Fund, Franklin LifeSmartTM 2055 Retirement Target
Fund and Franklin Moderate Allocation Fund (fourteen of the funds
constituting Franklin Fund Allocator Series, hereafter collectively
referred to as the ?Funds?) as of and for the year ended December 31,
2020, in accordance with the standards of the Public Company
Accounting Oversight Board (United States) (PCAOB), we considered the
Funds? internal control over financial reporting, including controls over
safeguarding securities, as a basis for designing our auditing procedures
for the purpose of expressing our opinion on the financial statements and
to comply with the requirements of Form N-CEN, but not for the purpose
of expressing an opinion on the effectiveness of the Funds? internal
control over financial reporting.  Accordingly, we do not express an
opinion on the effectiveness of the Funds' internal control over financial
reporting.

The management of the Funds is responsible for establishing and
maintaining effective internal control over financial reporting. In
fulfilling this responsibility, estimates and judgments by management
are required to assess the expected benefits and related costs of controls.
A company?s internal control over financial reporting is a process
designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for
external purposes in accordance with generally accepted accounting
principles. A company?s internal control over financial reporting includes
those policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the
transactions and dispositions of the assets of the company; (2) provide
reasonable assurance that transactions are recorded as necessary to
permit preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the
company are being made only in accordance with authorizations of
management and directors of the company; and (3) provide reasonable
assurance regarding prevention or timely detection of unauthorized
acquisition, use or disposition of a company?s assets that could have a
material effect on the financial statements.

Because of its inherent limitations, internal control over financial
reporting may not prevent or detect misstatements. Also, projections of
any evaluation of effectiveness to future periods are subject to the risk
that controls may become inadequate because of changes in conditions,
or that the degree of compliance with the policies or procedures may
deteriorate.

A deficiency in internal control over financial reporting exists when the
design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions,
to prevent or detect misstatements on a timely basis. A material
weakness is a deficiency, or a combination of deficiencies, in internal
control over financial reporting, such that there is a reasonable
possibility that a material misstatement of the company?s annual or
interim financial statements will not be prevented or detected on a timely
basis.

Our consideration of the Funds? internal control over financial reporting
was for the limited purpose described in the first paragraph and would
not necessarily disclose all deficiencies in internal control over financial
reporting that might be material weaknesses under standards established
by the PCAOB. However, we noted no deficiencies in the Funds? internal
control over financial reporting and its operation, including controls over
safeguarding securities, that we consider to be a material weakness as
defined above as of December 31, 2020.

This report is intended solely for the information and use of the Board of
Trustees of Franklin Fund Allocator Series and the Securities and
Exchange Commission and is not intended to be and should not be used
by anyone other than these specified parties.


/s/PricewaterhouseCoopers LLP
San Francisco, California
February 19, 2021

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