1.        Name and address of issuer:

Franklin Templeton Fund Allocator Series

One Franklin Parkway, San Mateo, CA 94403-1903

2.        The name of each series or class of securities for which this Form is filed (If the Form is being filed for all series and classes of securities of the issuer, check the box but do not list series or classes): ¨ 

Franklin LifeSmart ^TM 2015 Retirement Target Fund (All classes)

Franklin LifeSmart ^TM 2020 Retirement Target Fund (All classes)

Franklin LifeSmart ^TM 2025 Retirement Target Fund (All classes)

Franklin LifeSmart ^TM 2030 Retirement Target Fund (All classes)

Franklin LifeSmart ^TM 2035 Retirement Target Fund (All classes)

Franklin LifeSmart ^TM 2040 Retirement Target Fund (All classes)

Franklin LifeSmart ^TM 2045 Retirement Target Fund (All classes)

Franklin LifeSmart ^TM 2050 Retirement Target Fund (All classes)

Franklin Templeton Corefolio Allocation Fund (All classes)

Franklin Templeton Founding Funds Allocation Fund (All classes)

Franklin Templeton Conservative Allocation Fund (All classes)

Franklin Templeton Moderate Allocation Fund (All classes)

Franklin Templeton Growth Allocation Fund (All classes)

3. Investment Company Act File Number: 811-07851

Securities Act File Number: 333-13601

4(a). Last day of fiscal year for which this Form is filed: 12/31/13

4(b). ¨ Check box if this Form is being filed late (i.e., more than 90 calendar days after the end of the issuer’s fiscal year). (See Instruction A.2)

Note: If the Form is being filed late, interest must be paid on the registration fee due.

4(c). ¨ Check box if this is the last time the issuer will be filing this Form.

5. Calculation of registration fee:

(i)

Aggregate sale price of securities sold during the fiscal year pursuant to section 24(f):

$2,449,203,136.36

(ii)

Aggregate price of securities redeemed or repurchased during the fiscal year:

$2,585,890,795.80

(iii)

Aggregate price of securities redeemed or repurchased during any prior  fiscal year ending no earlier than October 11, 1995 that were not previously used to reduce registration fees payable to the Commission: $ 3,897,136,288.67

(iv)

Total available redemption credits[add items 5(ii) and 5(iii)]:

$6,483,027,084.47

(v)

Net sales--if Item 5(i) is greater than Item 5(iv) [subtract Item 5(iv) from Item 5(i)]:

$0

(vi)

Redemption credits available for use in future years -- if Item 5(i) is less than

Item 5(iv) [subtract Item 5(iv) from Item 5(i)]: $(4,033,823,948.11) 

(vii)

Multiplier for determining registration fee (See Instruction C.9)

x .0001288

(viii)

Registration fee due [multiply Item 5(v) by Item 5(vii)] (enter “0” if no fee is due):

= $0

6. Prepaid Shares

If the response to item 5(i) was determined by deducting an amount of securities that were

Securities Act of registered under the 1933 pursuant to rule 24e-2 as in effect before

October 11, 1997, then report the amount of securities (number of shares or other units)

deducted here: 0. If there is a number of shares or other units that were registered pursuant

to rule 24e-2 remaining unsold at the end of the fiscal year for which this form is filed

that are available for use by the issuer in future fiscal years, then state that number here: 0.

7.       Interest due -- if this Form is being filed more than 90 days after the end of the issuer’s fiscal

year (see Instruction D): + $0  

8. Total of the amount of the registration fee due plus any interest due [line 5 (viii plus line 7]: =$0 

9.        Date the registration fee and any interest payment was sent to the Commission’s lockbox depository:

Method of Delivery:

¨ Wire Transfer

¨ Mail or other means

SIGNATURES

This report has been signed below by the following persons on behalf of the issuer and in the capacities and on the dates indicated.

By (Signature and Title) /s/ Gaston Gardey

                                   Gaston Gardey

                                   Treasurer, Chief Financial Officer and Chief

                                   Accounting Officer

Date 3/27/14 

*Please print the name and title of the signing officer below the signature.