december 31 2006 franklin templeton variable insurance products trust annual report table of contents important notes to performance information i prospectus supplement for all funds supp 1 fund summary growth securities tg index descriptions board members and officers bod shareholder si not part the fdic insured may lose value no bank guarantee unioncentral a06 02 07 data is historical cannot predict or future results principal investment return will fluctuate with market conditions you have a gain loss when withdraw your money inception dates preceded effective subaccounts contracts their availability in states reviewing comparisons please keep mind that indexes number inherent differentials over first unlike which must hold minimum amount cash maintain liquidity do component second are actively managed thus subject management fees cover salaries analysts portfolio managers
