<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/ncen" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0505</schemaVersion>
  <headerData>
    <submissionType>N-CEN</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001295293</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
        <fileNumber>811-21598</fileNumber>
      </filer>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-1A</investmentCompanyType>
    </filerInfo>
    <seriesClass>
      <reportSeriesClass>
        <rptSeriesClassInfo>
          <seriesId>S000003997</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000004000</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000003998</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000030470</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000051718</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000070577</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000003995</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000003996</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000093658</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000003999</seriesId>
          <includeAllClassesFlag>true</includeAllClassesFlag>
        </rptSeriesClassInfo>
      </reportSeriesClass>
    </seriesClass>
  </headerData>
  <formData>
    <generalInfo reportEndingPeriod="2026-07-31" isReportPeriodLt12="N"/>
    <registrantInfo>
      <registrantFullName>Putnam Target Date Funds</registrantFullName>
      <investmentCompFileNo>811-21598</investmentCompFileNo>
      <registrantCik>0001295293</registrantCik>
      <registrantLei>5493005X9RIMZKJNE675</registrantLei>
      <registrantstreet1>100 FEDERAL STREET</registrantstreet1>
      <registrantcity>BOSTON</registrantcity>
      <registrantzipCode>02110</registrantzipCode>
      <registrantstate>US-MA</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>1-800-225-1581</registrantphoneNumber>
      <websites>
        <website webpage="WWW.FRANKLINTEMPLETON.COM"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>Michael J. Higgins</officeName>
          <officeAddress1>100 FEDERAL STREET</officeAddress1>
          <officeCity>BOSTON</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-MA"/>
          <officeRecordsZipCode>02110</officeRecordsZipCode>
          <officePhone>1-800-225-1581</officePhone>
          <booksRecordsDesc>Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>JPMorgan Chase Bank, N.A.</officeName>
          <officeAddress1>380 Madison Avenue</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-NY"/>
          <officeRecordsZipCode>10017</officeRecordsZipCode>
          <officePhone>212-270-6000</officePhone>
          <booksRecordsDesc>Records relating to its functions as Sub-Administrator and Fund Accounting Agent</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Franklin Templeton Services, LLC</officeName>
          <officeAddress1>One Franklin Parkway</officeAddress1>
          <officeCity>San Mateo</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-CA"/>
          <officeRecordsZipCode>94403-1906</officeRecordsZipCode>
          <officePhone>650-312-2000</officePhone>
          <booksRecordsDesc>Records related to its functions as Administrative manager</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Putnam Investment Management, LLC  </officeName>
          <officeAddress1>100 FEDERAL STREET</officeAddress1>
          <officeCity>BOSTON</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-MA"/>
          <officeRecordsZipCode>02110</officeRecordsZipCode>
          <officePhone>1-800-225-1581</officePhone>
          <booksRecordsDesc>Records related to its functions as Sub-Advisor</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Franklin Templeton Investment Management Limited</officeName>
          <officeAddress1>Cannon Place</officeAddress1>
          <officeAddress2>78 Cannon Street</officeAddress2>
          <officeCity>London</officeCity>
          <officeCountry>GB</officeCountry>
          <officeRecordsZipCode>EC4N 6HL</officeRecordsZipCode>
          <officePhone>44-20-7073-8500</officePhone>
          <booksRecordsDesc>Records related to its functions as Sub-Advisor</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Franklin Distributors, LLC</officeName>
          <officeAddress1>One Franklin Parkway</officeAddress1>
          <officeCity>San Mateo</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-CA"/>
          <officeRecordsZipCode>94403-1906</officeRecordsZipCode>
          <officePhone>650-312-2000</officePhone>
          <booksRecordsDesc>Records related to its functions as Principal underwriter</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Franklin Advisers, Inc.</officeName>
          <officeAddress1>One Franklin Parkway</officeAddress1>
          <officeCity>San Mateo</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-CA"/>
          <officeRecordsZipCode>94403-1906</officeRecordsZipCode>
          <officePhone>650-312-2000</officePhone>
          <booksRecordsDesc>Records related to its functions as Investment manager</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Putnam Investor Services, Inc.  </officeName>
          <officeAddress1>100 FEDERAL STREET</officeAddress1>
          <officeCity>BOSTON</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-MA"/>
          <officeRecordsZipCode>02110</officeRecordsZipCode>
          <officePhone>1-800-225-1581</officePhone>
          <booksRecordsDesc>Records related to its functions as Transfer agent</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>JPMorgan Chase Bank, N.A.</officeName>
          <officeAddress1>390 Madison Avenue</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-NY"/>
          <officeRecordsZipCode>10017</officeRecordsZipCode>
          <officePhone>212-464-1909</officePhone>
          <booksRecordsDesc>Records related to its functions as Custodian</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>N</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <registrantFamilyInvComp isRegistrantFamilyInvComp="Y" familyInvCompFullName="Franklin Templeton Group of Funds"/>
      <registrantClassificationType>N-1A</registrantClassificationType>
      <totalSeries>20</totalSeries>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName>Jonathan de St. Paer</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-04527"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-03741"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Marie Pillai</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-04527"/>
            <fileNumberInfo fileNumber="811-02742"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Kenneth Yutaka Tanji</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-04527"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-05977"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Gregory G. McGreevey</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-04527"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-05498"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Katinka Domotorffy</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-04527"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-05498"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Jennifer Williams Murphy</directorName>
          <crdNumber>001552370</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-04527"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-07513"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Warren Lowell Putnam</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-04527"/>
            <fileNumberInfo fileNumber="811-00653"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Catharine Bond Hill</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-04527"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-02280"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Mona K. Sutphen</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-04527"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-00058"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Liaquat Ahamed</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-04527"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-06128"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>George Putnam III</directorName>
          <crdNumber>004355835</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-04527"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-05452"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Robert L. Reynolds</directorName>
          <crdNumber>002009065</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-04527"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-06190"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Jane E. Trust</directorName>
          <crdNumber>001766257</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-22405"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-10407"/>
            <fileNumberInfo fileNumber="811-22491"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-22334"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-21343"/>
            <fileNumberInfo fileNumber="811-21337"/>
            <fileNumberInfo fileNumber="811-21467"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-04254"/>
            <fileNumberInfo fileNumber="811-23598"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-21403"/>
            <fileNumberInfo fileNumber="811-06629"/>
            <fileNumberInfo fileNumber="811-04052"/>
            <fileNumberInfo fileNumber="811-02351"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-06310"/>
            <fileNumberInfo fileNumber="811-10603"/>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-06740"/>
            <fileNumberInfo fileNumber="811-04527"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-06506"/>
            <fileNumberInfo fileNumber="811-23408"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-06444"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-22444"/>
            <fileNumberInfo fileNumber="811-05497"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-22369"/>
            <fileNumberInfo fileNumber="811-21477"/>
            <fileNumberInfo fileNumber="811-07920"/>
            <fileNumberInfo fileNumber="811-21128"/>
            <fileNumberInfo fileNumber="811-06110"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-22338"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-22546"/>
            <fileNumberInfo fileNumber="811-22294"/>
            <fileNumberInfo fileNumber="811-22693"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-08709"/>
            <fileNumberInfo fileNumber="811-04518"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Manoj P. Singh</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-03741"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-04527"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-23643"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Barbara M. Baumann</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-00058"/>
            <fileNumberInfo fileNumber="811-04616"/>
            <fileNumberInfo fileNumber="811-05635"/>
            <fileNumberInfo fileNumber="811-05498"/>
            <fileNumberInfo fileNumber="811-06128"/>
            <fileNumberInfo fileNumber="811-07626"/>
            <fileNumberInfo fileNumber="811-04524"/>
            <fileNumberInfo fileNumber="811-07513"/>
            <fileNumberInfo fileNumber="811-01403"/>
            <fileNumberInfo fileNumber="811-05977"/>
            <fileNumberInfo fileNumber="811-07237"/>
            <fileNumberInfo fileNumber="811-05802"/>
            <fileNumberInfo fileNumber="811-06190"/>
            <fileNumberInfo fileNumber="811-03630"/>
            <fileNumberInfo fileNumber="811-04527"/>
            <fileNumberInfo fileNumber="811-02675"/>
            <fileNumberInfo fileNumber="811-07121"/>
            <fileNumberInfo fileNumber="811-05346"/>
            <fileNumberInfo fileNumber="811-00653"/>
            <fileNumberInfo fileNumber="811-04528"/>
            <fileNumberInfo fileNumber="811-03897"/>
            <fileNumberInfo fileNumber="811-02742"/>
            <fileNumberInfo fileNumber="811-23643"/>
            <fileNumberInfo fileNumber="811-04345"/>
            <fileNumberInfo fileNumber="811-05452"/>
            <fileNumberInfo fileNumber="811-04518"/>
            <fileNumberInfo fileNumber="811-02608"/>
            <fileNumberInfo fileNumber="811-03386"/>
            <fileNumberInfo fileNumber="811-02280"/>
            <fileNumberInfo fileNumber="811-05740"/>
            <fileNumberInfo fileNumber="811-03741"/>
          </fileNumbers>
        </director>
      </directors>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>James F. Clark</ccoName>
          <crdNumber>N/A</crdNumber>
          <ccoStreet1>100 FEDERAL STREET</ccoStreet1>
          <ccoCity>BOSTON</ccoCity>
          <ccoStateCountry ccoCountry="US" ccoState="US-MA"/>
          <ccoZipCode>02110</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="N/A" ccoEmployerId="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <isRegistrantSubmittedMatter>N</isRegistrantSubmittedMatter>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <coveredByInsurancePolicy isCoveredByInsurancePolicy="Y" isClaimFiledDuringPeriod="N"/>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <releaseNumbers isExemptionFromAct="Y">
        <releaseNumberInfo releaseNumber="IC-20851"/>
      </releaseNumbers>
      <principalUnderwriters>
        <principalUnderwriter>
          <principalUnderwriterName>Franklin Distributors, LLC</principalUnderwriterName>
          <principalUnderwriterFileNumber>8-5889</principalUnderwriterFileNumber>
          <principalUnderwriterCrdNumber>000000332</principalUnderwriterCrdNumber>
          <principalUnderwriterLei>N/A</principalUnderwriterLei>
          <principalUnderwriterRssdId>N/A</principalUnderwriterRssdId>
          <principalUnderWriterStateCountry principalUnderWriterCountry="US" principalUnderWriterState="US-CA"/>
          <isPrincipalUnderwriterAffiliatedWithRegistrant>Y</isPrincipalUnderwriterAffiliatedWithRegistrant>
        </principalUnderwriter>
      </principalUnderwriters>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>PricewaterhouseCoopers LLP  </publicAccountantName>
          <pcaobNumber>238</pcaobNumber>
          <publicAccountantLei>5493002GVO7EO8RNNS37</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantCountry="US" publicAccountantState="US-MA"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <isPaymentErrorInNetAssetValue>N</isPaymentErrorInNetAssetValue>
      <paymentDividendSeries isPaymentDividend="Y">
        <seriesInfo seriesName="Franklin Retirement Advantage Plus 2065 Fund" seriesId="S000070577"/>
        <seriesInfo seriesName="Franklin Retirement Advantage Plus 2035 Fund" seriesId="S000003999"/>
        <seriesInfo seriesName="Franklin Retirement Advantage Plus 2050 Fund" seriesId="S000003995"/>
        <seriesInfo seriesName="Franklin Retirement Advantage Plus 2055 Fund" seriesId="S000030470"/>
        <seriesInfo seriesName="Franklin Retirement Advantage Plus Maturity Fund" seriesId="S000003996"/>
        <seriesInfo seriesName="Franklin Retirement Advantage Plus 2040 Fund" seriesId="S000003998"/>
        <seriesInfo seriesName="Franklin Retirement Advantage Plus 2045 Fund" seriesId="S000003997"/>
        <seriesInfo seriesName="Franklin Retirement Advantage Plus 2060 Fund" seriesId="S000051718"/>
        <seriesInfo seriesName="Franklin Retirement Advantage Plus 2070 Fund" seriesId="S000093658"/>
        <seriesInfo seriesName="Franklin Retirement Advantage Plus 2030 Fund" seriesId="S000004000"/>
      </paymentDividendSeries>
    </registrantInfo>
    <managementInvestmentQuestionSeriesInfo>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Franklin Retirement Advantage Plus 2045 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003997</mgmtInvSeriesId>
        <mgmtInvLei>5493009UZLRVQLELFH10</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2045 FUND CLASS R5" sharesOutstandingClassId="C000222439" sharesOutstandingTickerSymbol="PACHX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2045 FUND CLASS A" sharesOutstandingClassId="C000011153" sharesOutstandingTickerSymbol="PRVLX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2045 FUND CLASS Y" sharesOutstandingClassId="C000011158" sharesOutstandingTickerSymbol="PRVYX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2045 FUND CLASS R3" sharesOutstandingClassId="C000222438" sharesOutstandingTickerSymbol="PACGX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2045 FUND CLASS C" sharesOutstandingClassId="C000011155" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2045 FUND CLASS R6" sharesOutstandingClassId="C000174676" sharesOutstandingTickerSymbol="PREKX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2045 FUND CLASS R4" sharesOutstandingClassId="C000222437" sharesOutstandingTickerSymbol="PACFX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2045 FUND CLASS R" sharesOutstandingClassId="C000011157" sharesOutstandingTickerSymbol="N/A"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Franklin Advisers, Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-26292</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000104517</investmentAdviserCrdNo>
            <investmentAdviserLei>B1CG1NRZIDDJ0DQEXB52</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Franklin Templeton Investment Management Limited</subAdviserName>
            <subAdviserFileNo>801-55170</subAdviserFileNo>
            <subAdviserCrdNo>000111360</subAdviserCrdNo>
            <subAdviserLei>MLH7B1BVFWXZVST01715</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
          <subAdviser>
            <subAdviserName>Putnam Investment Management, LLC  </subAdviserName>
            <subAdviserFileNo>801-7974</subAdviserFileNo>
            <subAdviserCrdNo>000106629</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <subAdviserRssdId>N/A</subAdviserRssdId>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-MA" subAdviserCountry="US"/>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.  </transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>LSEG US FIN CORP.</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.  </shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentRssdId>N/A</shareholderServiceAgentRssdId>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>Franklin Templeton Services, LLC</adminName>
            <adminLei>549300DFD0POOJZ42788</adminLei>
            <adminStateCountry adminState="US-CA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Susquehanna Financial Group, LLLP</brokerName>
            <brokerFileNo>8-44325</brokerFileNo>
            <brokerCrdNo>000035865</brokerCrdNo>
            <brokerLei>549300E8QX0ZMRDC2M81</brokerLei>
            <brokerStateCountry brokerState="US-PA" brokerCountry="US"/>
            <grossCommission>1578.15000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Merrill Lynch, Pierce, Fenner &amp; Smith Inc.</brokerName>
            <brokerFileNo>8-07221</brokerFileNo>
            <brokerCrdNo>000007691</brokerCrdNo>
            <brokerLei>8NAV47T0Y26Q87Y0QP81</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>106.23000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Citadel Securities LLC</brokerName>
            <brokerFileNo>8-53574</brokerFileNo>
            <brokerCrdNo>000116797</brokerCrdNo>
            <brokerLei>12UUJYTN7D3SW8KCSG25</brokerLei>
            <brokerStateCountry brokerState="US-FL" brokerCountry="US"/>
            <grossCommission>14334.56000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Goldman Sachs &amp; Co. LLC</brokerName>
            <brokerFileNo>8-00129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>38194.99000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>15192.12000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Old Mission Markets LLC</brokerName>
            <brokerFileNo>8-69691</brokerFileNo>
            <brokerCrdNo>000281867</brokerCrdNo>
            <brokerLei>5493003UFGIEMN1POL71</brokerLei>
            <brokerStateCountry brokerState="US-DE" brokerCountry="US"/>
            <grossCommission>652.05000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Flow Traders U.S. Institutional Trading LLC</brokerName>
            <brokerFileNo>8-69711</brokerFileNo>
            <brokerCrdNo>000282266</brokerCrdNo>
            <brokerLei>549300H90VV8DK5UM624</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>4299.01000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jane Street Execution Services, LLC</brokerName>
            <brokerFileNo>8-69254</brokerFileNo>
            <brokerCrdNo>000167280</brokerCrdNo>
            <brokerLei>549300HXJLXCPDWAH070</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>44282.30000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Mischler Financial Group, Inc.</brokerName>
            <brokerFileNo>8-48067</brokerFileNo>
            <brokerCrdNo>000037818</brokerCrdNo>
            <brokerLei>2549004IPXPSM9EJFC92</brokerLei>
            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
            <grossCommission>23848.68000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>142488.09000000</aggregateCommission>
        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>346300650.86000001</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Bloomberg L.P.</liquidityName>
            <liquidityLei>549300B56MD0ZC402L06</liquidityLei>
            <liquidityStateCountry liquidityCountry="US" liquidityState="US-NY"/>
            <isAffiliatedPerson>N</isAffiliatedPerson>
            <assetClassType>Other</assetClassType>
            <assetClassType>Short-term investment vehicle</assetClassType>
            <otherAssetDesc>Investment company</otherAssetDesc>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Franklin Retirement Advantage Plus 2030 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000004000</mgmtInvSeriesId>
        <mgmtInvLei>54930052CYDQP2QMZD74</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2030 FUND CLASS A" sharesOutstandingClassId="C000011171" sharesOutstandingTickerSymbol="PRRQX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2030 FUND CLASS R6" sharesOutstandingClassId="C000174679" sharesOutstandingTickerSymbol="PREZX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2030 FUND CLASS C" sharesOutstandingClassId="C000011173" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2030 FUND CLASS Y" sharesOutstandingClassId="C000011176" sharesOutstandingTickerSymbol="PRRTX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2030 FUND CLASS R5" sharesOutstandingClassId="C000222448" sharesOutstandingTickerSymbol="PADRX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2030 FUND CLASS R" sharesOutstandingClassId="C000011175" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2030 FUND CLASS R3" sharesOutstandingClassId="C000222446" sharesOutstandingTickerSymbol="PADOX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2030 FUND CLASS R4" sharesOutstandingClassId="C000222447" sharesOutstandingTickerSymbol="PADNX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Franklin Advisers, Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-26292</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000104517</investmentAdviserCrdNo>
            <investmentAdviserLei>B1CG1NRZIDDJ0DQEXB52</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investment Management, LLC  </subAdviserName>
            <subAdviserFileNo>801-7974</subAdviserFileNo>
            <subAdviserCrdNo>000106629</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <subAdviserRssdId>N/A</subAdviserRssdId>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-MA" subAdviserCountry="US"/>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
          <subAdviser>
            <subAdviserName>Franklin Templeton Investment Management Limited</subAdviserName>
            <subAdviserFileNo>801-55170</subAdviserFileNo>
            <subAdviserCrdNo>000111360</subAdviserCrdNo>
            <subAdviserLei>MLH7B1BVFWXZVST01715</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.  </transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>LSEG US FIN CORP.</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.  </shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentRssdId>N/A</shareholderServiceAgentRssdId>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Franklin Templeton Services, LLC</adminName>
            <adminLei>549300DFD0POOJZ42788</adminLei>
            <adminStateCountry adminState="US-CA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Mischler Financial Group, Inc.</brokerName>
            <brokerFileNo>8-48067</brokerFileNo>
            <brokerCrdNo>000037818</brokerCrdNo>
            <brokerLei>2549004IPXPSM9EJFC92</brokerLei>
            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
            <grossCommission>21749.14000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jane Street Execution Services, LLC</brokerName>
            <brokerFileNo>8-69254</brokerFileNo>
            <brokerCrdNo>000167280</brokerCrdNo>
            <brokerLei>549300HXJLXCPDWAH070</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>50286.25000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Susquehanna Financial Group, LLLP</brokerName>
            <brokerFileNo>8-44325</brokerFileNo>
            <brokerCrdNo>000035865</brokerCrdNo>
            <brokerLei>549300E8QX0ZMRDC2M81</brokerLei>
            <brokerStateCountry brokerState="US-PA" brokerCountry="US"/>
            <grossCommission>1284.16000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>56651.13000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Citadel Securities LLC</brokerName>
            <brokerFileNo>8-53574</brokerFileNo>
            <brokerCrdNo>000116797</brokerCrdNo>
            <brokerLei>12UUJYTN7D3SW8KCSG25</brokerLei>
            <brokerStateCountry brokerState="US-FL" brokerCountry="US"/>
            <grossCommission>25190.67000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Flow Traders U.S. Institutional Trading LLC</brokerName>
            <brokerFileNo>8-69711</brokerFileNo>
            <brokerCrdNo>000282266</brokerCrdNo>
            <brokerLei>549300H90VV8DK5UM624</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>12384.34000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Goldman Sachs &amp; Co. LLC</brokerName>
            <brokerFileNo>8-00129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>34140.13000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Old Mission Markets LLC</brokerName>
            <brokerFileNo>8-69691</brokerFileNo>
            <brokerCrdNo>000281867</brokerCrdNo>
            <brokerLei>5493003UFGIEMN1POL71</brokerLei>
            <brokerStateCountry brokerState="US-DE" brokerCountry="US"/>
            <grossCommission>508.44000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>202194.26000000</aggregateCommission>
        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>495261634.84000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Bloomberg L.P.</liquidityName>
            <liquidityLei>549300B56MD0ZC402L06</liquidityLei>
            <liquidityStateCountry liquidityCountry="US" liquidityState="US-NY"/>
            <isAffiliatedPerson>N</isAffiliatedPerson>
            <assetClassType>Other</assetClassType>
            <assetClassType>Short-term investment vehicle</assetClassType>
            <otherAssetDesc>Investment company</otherAssetDesc>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Franklin Retirement Advantage Plus 2040 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003998</mgmtInvSeriesId>
        <mgmtInvLei>549300GLU2WZ85IJSW84</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2040 FUND CLASS C" sharesOutstandingClassId="C000011161" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2040 FUND CLASS R3" sharesOutstandingClassId="C000222441" sharesOutstandingTickerSymbol="PAAUX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2040 FUND CLASS R5" sharesOutstandingClassId="C000222442" sharesOutstandingTickerSymbol="PABTX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2040 FUND CLASS Y" sharesOutstandingClassId="C000011164" sharesOutstandingTickerSymbol="PRZZX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2040 FUND CLASS R6" sharesOutstandingClassId="C000174677" sharesOutstandingTickerSymbol="PREHX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2040 FUND CLASS R4" sharesOutstandingClassId="C000222440" sharesOutstandingTickerSymbol="PAAYX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2040 FUND CLASS A" sharesOutstandingClassId="C000011159" sharesOutstandingTickerSymbol="PRRZX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2040 FUND CLASS R" sharesOutstandingClassId="C000011163" sharesOutstandingTickerSymbol="N/A"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Franklin Advisers, Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-26292</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000104517</investmentAdviserCrdNo>
            <investmentAdviserLei>B1CG1NRZIDDJ0DQEXB52</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Franklin Templeton Investment Management Limited</subAdviserName>
            <subAdviserFileNo>801-55170</subAdviserFileNo>
            <subAdviserCrdNo>000111360</subAdviserCrdNo>
            <subAdviserLei>MLH7B1BVFWXZVST01715</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
          <subAdviser>
            <subAdviserName>Putnam Investment Management, LLC  </subAdviserName>
            <subAdviserFileNo>801-7974</subAdviserFileNo>
            <subAdviserCrdNo>000106629</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <subAdviserRssdId>N/A</subAdviserRssdId>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-MA" subAdviserCountry="US"/>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.  </transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>LSEG US FIN CORP.</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.  </shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentRssdId>N/A</shareholderServiceAgentRssdId>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Franklin Templeton Services, LLC</adminName>
            <adminLei>549300DFD0POOJZ42788</adminLei>
            <adminStateCountry adminState="US-CA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Mischler Financial Group, Inc.</brokerName>
            <brokerFileNo>8-48067</brokerFileNo>
            <brokerCrdNo>000037818</brokerCrdNo>
            <brokerLei>2549004IPXPSM9EJFC92</brokerLei>
            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
            <grossCommission>25875.84000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Citadel Securities LLC</brokerName>
            <brokerFileNo>8-53574</brokerFileNo>
            <brokerCrdNo>000116797</brokerCrdNo>
            <brokerLei>12UUJYTN7D3SW8KCSG25</brokerLei>
            <brokerStateCountry brokerState="US-FL" brokerCountry="US"/>
            <grossCommission>11350.44000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>24142.70000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Flow Traders U.S. Institutional Trading LLC</brokerName>
            <brokerFileNo>8-69711</brokerFileNo>
            <brokerCrdNo>000282266</brokerCrdNo>
            <brokerLei>549300H90VV8DK5UM624</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>4566.91000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Goldman Sachs &amp; Co. LLC</brokerName>
            <brokerFileNo>8-00129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>39865.24000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Susquehanna Financial Group, LLLP</brokerName>
            <brokerFileNo>8-44325</brokerFileNo>
            <brokerCrdNo>000035865</brokerCrdNo>
            <brokerLei>549300E8QX0ZMRDC2M81</brokerLei>
            <brokerStateCountry brokerState="US-PA" brokerCountry="US"/>
            <grossCommission>1257.10000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jane Street Execution Services, LLC</brokerName>
            <brokerFileNo>8-69254</brokerFileNo>
            <brokerCrdNo>000167280</brokerCrdNo>
            <brokerLei>549300HXJLXCPDWAH070</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>44975.45000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Old Mission Markets LLC</brokerName>
            <brokerFileNo>8-69691</brokerFileNo>
            <brokerCrdNo>000281867</brokerCrdNo>
            <brokerLei>5493003UFGIEMN1POL71</brokerLei>
            <brokerStateCountry brokerState="US-DE" brokerCountry="US"/>
            <grossCommission>206.90000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>152240.58000000</aggregateCommission>
        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>408183806.23000002</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Bloomberg L.P.</liquidityName>
            <liquidityLei>549300B56MD0ZC402L06</liquidityLei>
            <liquidityStateCountry liquidityCountry="US" liquidityState="US-NY"/>
            <isAffiliatedPerson>N</isAffiliatedPerson>
            <assetClassType>Short-term investment vehicle</assetClassType>
            <assetClassType>Other</assetClassType>
            <otherAssetDesc>Investment company</otherAssetDesc>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Franklin Retirement Advantage Plus 2055 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000030470</mgmtInvSeriesId>
        <mgmtInvLei>549300GOYXVI0SBV3D92</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2055 FUND CLASS R3" sharesOutstandingClassId="C000222457" sharesOutstandingTickerSymbol="PAEOX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2055 FUND CLASS R5" sharesOutstandingClassId="C000222455" sharesOutstandingTickerSymbol="PAESX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2055 FUND CLASS Y" sharesOutstandingClassId="C000093623" sharesOutstandingTickerSymbol="PRTLX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2055 FUND CLASS C" sharesOutstandingClassId="C000093620" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2055 FUND CLASS R" sharesOutstandingClassId="C000093622" sharesOutstandingTickerSymbol="PRRVX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2055 FUND CLASS A" sharesOutstandingClassId="C000093618" sharesOutstandingTickerSymbol="PRRFX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2055 FUND CLASS R4" sharesOutstandingClassId="C000222456" sharesOutstandingTickerSymbol="PAEPX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2055 FUND CLASS R6" sharesOutstandingClassId="C000174682" sharesOutstandingTickerSymbol="PREVX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Franklin Advisers, Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-26292</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000104517</investmentAdviserCrdNo>
            <investmentAdviserLei>B1CG1NRZIDDJ0DQEXB52</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investment Management, LLC  </subAdviserName>
            <subAdviserFileNo>801-7974</subAdviserFileNo>
            <subAdviserCrdNo>000106629</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <subAdviserRssdId>N/A</subAdviserRssdId>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-MA" subAdviserCountry="US"/>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
          <subAdviser>
            <subAdviserName>Franklin Templeton Investment Management Limited</subAdviserName>
            <subAdviserFileNo>801-55170</subAdviserFileNo>
            <subAdviserCrdNo>000111360</subAdviserCrdNo>
            <subAdviserLei>MLH7B1BVFWXZVST01715</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.  </transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>LSEG US FIN CORP.</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.  </shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentRssdId>N/A</shareholderServiceAgentRssdId>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>Franklin Templeton Services, LLC</adminName>
            <adminLei>549300DFD0POOJZ42788</adminLei>
            <adminStateCountry adminState="US-CA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Mischler Financial Group, Inc.</brokerName>
            <brokerFileNo>8-48067</brokerFileNo>
            <brokerCrdNo>000037818</brokerCrdNo>
            <brokerLei>2549004IPXPSM9EJFC92</brokerLei>
            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
            <grossCommission>13286.20000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jane Street Execution Services, LLC</brokerName>
            <brokerFileNo>8-69254</brokerFileNo>
            <brokerCrdNo>000167280</brokerCrdNo>
            <brokerLei>549300HXJLXCPDWAH070</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>23391.51000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Flow Traders U.S. Institutional Trading LLC</brokerName>
            <brokerFileNo>8-69711</brokerFileNo>
            <brokerCrdNo>000282266</brokerCrdNo>
            <brokerLei>549300H90VV8DK5UM624</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>2142.68000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Citadel Securities LLC</brokerName>
            <brokerFileNo>8-53574</brokerFileNo>
            <brokerCrdNo>000116797</brokerCrdNo>
            <brokerLei>12UUJYTN7D3SW8KCSG25</brokerLei>
            <brokerStateCountry brokerState="US-FL" brokerCountry="US"/>
            <grossCommission>8131.08000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Goldman Sachs &amp; Co. LLC</brokerName>
            <brokerFileNo>8-00129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>19254.60000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Old Mission Markets LLC</brokerName>
            <brokerFileNo>8-69691</brokerFileNo>
            <brokerCrdNo>000281867</brokerCrdNo>
            <brokerLei>5493003UFGIEMN1POL71</brokerLei>
            <brokerStateCountry brokerState="US-DE" brokerCountry="US"/>
            <grossCommission>481.70000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>5990.88000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Susquehanna Financial Group, LLLP</brokerName>
            <brokerFileNo>8-44325</brokerFileNo>
            <brokerCrdNo>000035865</brokerCrdNo>
            <brokerLei>549300E8QX0ZMRDC2M81</brokerLei>
            <brokerStateCountry brokerState="US-PA" brokerCountry="US"/>
            <grossCommission>516.73000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>73195.38000000</aggregateCommission>
        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>171289345.83000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Bloomberg L.P.</liquidityName>
            <liquidityLei>549300B56MD0ZC402L06</liquidityLei>
            <liquidityStateCountry liquidityCountry="US" liquidityState="US-NY"/>
            <isAffiliatedPerson>N</isAffiliatedPerson>
            <assetClassType>Other</assetClassType>
            <assetClassType>Short-term investment vehicle</assetClassType>
            <otherAssetDesc>Investment company</otherAssetDesc>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Franklin Retirement Advantage Plus 2060 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000051718</mgmtInvSeriesId>
        <mgmtInvLei>549300JKGRDZLC6OJ874</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2060 FUND CLASS R6" sharesOutstandingClassId="C000174683" sharesOutstandingTickerSymbol="PEFGX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2060 FUND CLASS C" sharesOutstandingClassId="C000162755" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2060 FUND CLASS Y" sharesOutstandingClassId="C000162758" sharesOutstandingTickerSymbol="PRTYX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2060 FUND CLASS R4" sharesOutstandingClassId="C000222459" sharesOutstandingTickerSymbol="PAEUX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2060 FUND CLASS R3" sharesOutstandingClassId="C000222460" sharesOutstandingTickerSymbol="PAEVX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2060 FUND CLASS R" sharesOutstandingClassId="C000162757" sharesOutstandingTickerSymbol="PRTRX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2060 FUND CLASS R5" sharesOutstandingClassId="C000222458" sharesOutstandingTickerSymbol="PAEWX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2060 FUND CLASS A" sharesOutstandingClassId="C000162753" sharesOutstandingTickerSymbol="PRTFX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Franklin Advisers, Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-26292</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000104517</investmentAdviserCrdNo>
            <investmentAdviserLei>B1CG1NRZIDDJ0DQEXB52</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investment Management, LLC  </subAdviserName>
            <subAdviserFileNo>801-7974</subAdviserFileNo>
            <subAdviserCrdNo>000106629</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <subAdviserRssdId>N/A</subAdviserRssdId>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-MA" subAdviserCountry="US"/>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
          <subAdviser>
            <subAdviserName>Franklin Templeton Investment Management Limited</subAdviserName>
            <subAdviserFileNo>801-55170</subAdviserFileNo>
            <subAdviserCrdNo>000111360</subAdviserCrdNo>
            <subAdviserLei>MLH7B1BVFWXZVST01715</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.  </transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>LSEG US FIN CORP.</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.  </shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentRssdId>N/A</shareholderServiceAgentRssdId>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Franklin Templeton Services, LLC</adminName>
            <adminLei>549300DFD0POOJZ42788</adminLei>
            <adminStateCountry adminState="US-CA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>2424.78000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Mischler Financial Group, Inc.</brokerName>
            <brokerFileNo>8-48067</brokerFileNo>
            <brokerCrdNo>000037818</brokerCrdNo>
            <brokerLei>2549004IPXPSM9EJFC92</brokerLei>
            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
            <grossCommission>6745.08000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Susquehanna Financial Group, LLLP</brokerName>
            <brokerFileNo>8-44325</brokerFileNo>
            <brokerCrdNo>000035865</brokerCrdNo>
            <brokerLei>549300E8QX0ZMRDC2M81</brokerLei>
            <brokerStateCountry brokerState="US-PA" brokerCountry="US"/>
            <grossCommission>120.65000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Virtu Americas LLC</brokerName>
            <brokerFileNo>8-68193</brokerFileNo>
            <brokerCrdNo>000149823</brokerCrdNo>
            <brokerLei>549300RA02N3BNSWBV74</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>47.96000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Citadel Securities LLC</brokerName>
            <brokerFileNo>8-53574</brokerFileNo>
            <brokerCrdNo>000116797</brokerCrdNo>
            <brokerLei>12UUJYTN7D3SW8KCSG25</brokerLei>
            <brokerStateCountry brokerState="US-FL" brokerCountry="US"/>
            <grossCommission>4667.41000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Old Mission Markets LLC</brokerName>
            <brokerFileNo>8-69691</brokerFileNo>
            <brokerCrdNo>000281867</brokerCrdNo>
            <brokerLei>5493003UFGIEMN1POL71</brokerLei>
            <brokerStateCountry brokerState="US-DE" brokerCountry="US"/>
            <grossCommission>272.14000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Flow Traders U.S. Institutional Trading LLC</brokerName>
            <brokerFileNo>8-69711</brokerFileNo>
            <brokerCrdNo>000282266</brokerCrdNo>
            <brokerLei>549300H90VV8DK5UM624</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1291.07000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Goldman Sachs &amp; Co. LLC</brokerName>
            <brokerFileNo>8-00129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>9063.37000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Merrill Lynch, Pierce, Fenner &amp; Smith Inc.</brokerName>
            <brokerFileNo>8-07221</brokerFileNo>
            <brokerCrdNo>000007691</brokerCrdNo>
            <brokerLei>8NAV47T0Y26Q87Y0QP81</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>24.49000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jane Street Execution Services, LLC</brokerName>
            <brokerFileNo>8-69254</brokerFileNo>
            <brokerCrdNo>000167280</brokerCrdNo>
            <brokerLei>549300HXJLXCPDWAH070</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>11318.29000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>35975.24000000</aggregateCommission>
        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>79446714.53000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Bloomberg L.P.</liquidityName>
            <liquidityLei>549300B56MD0ZC402L06</liquidityLei>
            <liquidityStateCountry liquidityCountry="US" liquidityState="US-NY"/>
            <isAffiliatedPerson>N</isAffiliatedPerson>
            <assetClassType>Other</assetClassType>
            <assetClassType>Short-term investment vehicle</assetClassType>
            <otherAssetDesc>Investment company</otherAssetDesc>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Franklin Retirement Advantage Plus 2065 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000070577</mgmtInvSeriesId>
        <mgmtInvLei>5493002BUUTVG7YSMG23</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2065 FUND CLASS Y" sharesOutstandingClassId="C000224205" sharesOutstandingTickerSymbol="PCJSX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2065 FUND CLASS R6" sharesOutstandingClassId="C000224206" sharesOutstandingTickerSymbol="PCJYX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2065 FUND CLASS R3" sharesOutstandingClassId="C000224213" sharesOutstandingTickerSymbol="PCJVX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2065 FUND CLASS C" sharesOutstandingClassId="C000224211" sharesOutstandingTickerSymbol="PCJRX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2065 FUND CLASS R" sharesOutstandingClassId="C000224210" sharesOutstandingTickerSymbol="PCJUX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2065 FUND CLASS R4" sharesOutstandingClassId="C000224208" sharesOutstandingTickerSymbol="PCJWX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2065 FUND CLASS R5" sharesOutstandingClassId="C000224207" sharesOutstandingTickerSymbol="PCJIX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2065 FUND CLASS A" sharesOutstandingClassId="C000224209" sharesOutstandingTickerSymbol="PCJQX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Franklin Advisers, Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-26292</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000104517</investmentAdviserCrdNo>
            <investmentAdviserLei>B1CG1NRZIDDJ0DQEXB52</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Franklin Templeton Investment Management Limited</subAdviserName>
            <subAdviserFileNo>801-55170</subAdviserFileNo>
            <subAdviserCrdNo>000111360</subAdviserCrdNo>
            <subAdviserLei>MLH7B1BVFWXZVST01715</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
          <subAdviser>
            <subAdviserName>Putnam Investment Management, LLC  </subAdviserName>
            <subAdviserFileNo>801-7974</subAdviserFileNo>
            <subAdviserCrdNo>000106629</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <subAdviserRssdId>N/A</subAdviserRssdId>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-MA" subAdviserCountry="US"/>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.  </transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>LSEG US FIN CORP.</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.  </shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentRssdId>N/A</shareholderServiceAgentRssdId>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>Franklin Templeton Services, LLC</adminName>
            <adminLei>549300DFD0POOJZ42788</adminLei>
            <adminStateCountry adminState="US-CA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Citadel Securities LLC</brokerName>
            <brokerFileNo>8-53574</brokerFileNo>
            <brokerCrdNo>000116797</brokerCrdNo>
            <brokerLei>12UUJYTN7D3SW8KCSG25</brokerLei>
            <brokerStateCountry brokerState="US-FL" brokerCountry="US"/>
            <grossCommission>377.68000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Mischler Financial Group, Inc.</brokerName>
            <brokerFileNo>8-48067</brokerFileNo>
            <brokerCrdNo>000037818</brokerCrdNo>
            <brokerLei>2549004IPXPSM9EJFC92</brokerLei>
            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
            <grossCommission>135.41000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Goldman Sachs &amp; Co. LLC</brokerName>
            <brokerFileNo>8-00129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>170.19000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>39.47000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Susquehanna Financial Group, LLLP</brokerName>
            <brokerFileNo>8-44325</brokerFileNo>
            <brokerCrdNo>000035865</brokerCrdNo>
            <brokerLei>549300E8QX0ZMRDC2M81</brokerLei>
            <brokerStateCountry brokerState="US-PA" brokerCountry="US"/>
            <grossCommission>1.55000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Old Mission Markets LLC</brokerName>
            <brokerFileNo>8-69691</brokerFileNo>
            <brokerCrdNo>000281867</brokerCrdNo>
            <brokerLei>5493003UFGIEMN1POL71</brokerLei>
            <brokerStateCountry brokerState="US-DE" brokerCountry="US"/>
            <grossCommission>18.43000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Flow Traders U.S. Institutional Trading LLC</brokerName>
            <brokerFileNo>8-69711</brokerFileNo>
            <brokerCrdNo>000282266</brokerCrdNo>
            <brokerLei>549300H90VV8DK5UM624</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>20.49000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jane Street Execution Services, LLC</brokerName>
            <brokerFileNo>8-69254</brokerFileNo>
            <brokerCrdNo>000167280</brokerCrdNo>
            <brokerLei>549300HXJLXCPDWAH070</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>213.33000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>976.55000000</aggregateCommission>
        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>1488805.20000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Bloomberg L.P.</liquidityName>
            <liquidityLei>549300B56MD0ZC402L06</liquidityLei>
            <liquidityStateCountry liquidityCountry="US" liquidityState="US-NY"/>
            <isAffiliatedPerson>N</isAffiliatedPerson>
            <assetClassType>Short-term investment vehicle</assetClassType>
            <assetClassType>Other</assetClassType>
            <otherAssetDesc>Investment company</otherAssetDesc>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Franklin Retirement Advantage Plus 2050 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003995</mgmtInvSeriesId>
        <mgmtInvLei>5493005V2QMLECEWSY88</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2050 FUND CLASS R5" sharesOutstandingClassId="C000222432" sharesOutstandingTickerSymbol="PAEJX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2050 FUND CLASS Y" sharesOutstandingClassId="C000011146" sharesOutstandingTickerSymbol="PRRUX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2050 FUND CLASS R4" sharesOutstandingClassId="C000222431" sharesOutstandingTickerSymbol="PAEHX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2050 FUND CLASS R" sharesOutstandingClassId="C000011145" sharesOutstandingTickerSymbol="PRRKX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2050 FUND CLASS R3" sharesOutstandingClassId="C000222433" sharesOutstandingTickerSymbol="PADWX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2050 FUND CLASS R6" sharesOutstandingClassId="C000174674" sharesOutstandingTickerSymbol="PREUX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2050 FUND CLASS A" sharesOutstandingClassId="C000011141" sharesOutstandingTickerSymbol="PRRJX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2050 FUND CLASS C" sharesOutstandingClassId="C000011143" sharesOutstandingTickerSymbol="N/A"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Franklin Advisers, Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-26292</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000104517</investmentAdviserCrdNo>
            <investmentAdviserLei>B1CG1NRZIDDJ0DQEXB52</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Franklin Templeton Investment Management Limited</subAdviserName>
            <subAdviserFileNo>801-55170</subAdviserFileNo>
            <subAdviserCrdNo>000111360</subAdviserCrdNo>
            <subAdviserLei>MLH7B1BVFWXZVST01715</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
          <subAdviser>
            <subAdviserName>Putnam Investment Management, LLC  </subAdviserName>
            <subAdviserFileNo>801-7974</subAdviserFileNo>
            <subAdviserCrdNo>000106629</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <subAdviserRssdId>N/A</subAdviserRssdId>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-MA" subAdviserCountry="US"/>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.  </transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>LSEG US FIN CORP.</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.  </shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentRssdId>N/A</shareholderServiceAgentRssdId>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>Franklin Templeton Services, LLC</adminName>
            <adminLei>549300DFD0POOJZ42788</adminLei>
            <adminStateCountry adminState="US-CA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Goldman Sachs &amp; Co. LLC</brokerName>
            <brokerFileNo>8-00129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>29866.58000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Citadel Securities LLC</brokerName>
            <brokerFileNo>8-53574</brokerFileNo>
            <brokerCrdNo>000116797</brokerCrdNo>
            <brokerLei>12UUJYTN7D3SW8KCSG25</brokerLei>
            <brokerStateCountry brokerState="US-FL" brokerCountry="US"/>
            <grossCommission>11640.08000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Old Mission Markets LLC</brokerName>
            <brokerFileNo>8-69691</brokerFileNo>
            <brokerCrdNo>000281867</brokerCrdNo>
            <brokerLei>5493003UFGIEMN1POL71</brokerLei>
            <brokerStateCountry brokerState="US-DE" brokerCountry="US"/>
            <grossCommission>626.76000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jane Street Execution Services, LLC</brokerName>
            <brokerFileNo>8-69254</brokerFileNo>
            <brokerCrdNo>000167280</brokerCrdNo>
            <brokerLei>549300HXJLXCPDWAH070</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>34385.17000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Merrill Lynch, Pierce, Fenner &amp; Smith Inc.</brokerName>
            <brokerFileNo>8-07221</brokerFileNo>
            <brokerCrdNo>000007691</brokerCrdNo>
            <brokerLei>8NAV47T0Y26Q87Y0QP81</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>80.00000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Susquehanna Financial Group, LLLP</brokerName>
            <brokerFileNo>8-44325</brokerFileNo>
            <brokerCrdNo>000035865</brokerCrdNo>
            <brokerLei>549300E8QX0ZMRDC2M81</brokerLei>
            <brokerStateCountry brokerState="US-PA" brokerCountry="US"/>
            <grossCommission>1101.55000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>10348.87000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Flow Traders U.S. Institutional Trading LLC</brokerName>
            <brokerFileNo>8-69711</brokerFileNo>
            <brokerCrdNo>000282266</brokerCrdNo>
            <brokerLei>549300H90VV8DK5UM624</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>4590.89000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Mischler Financial Group, Inc.</brokerName>
            <brokerFileNo>8-48067</brokerFileNo>
            <brokerCrdNo>000037818</brokerCrdNo>
            <brokerLei>2549004IPXPSM9EJFC92</brokerLei>
            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
            <grossCommission>19494.24000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>112134.14000000</aggregateCommission>
        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>266085419.97999999</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Bloomberg L.P.</liquidityName>
            <liquidityLei>549300B56MD0ZC402L06</liquidityLei>
            <liquidityStateCountry liquidityCountry="US" liquidityState="US-NY"/>
            <isAffiliatedPerson>N</isAffiliatedPerson>
            <assetClassType>Other</assetClassType>
            <assetClassType>Short-term investment vehicle</assetClassType>
            <otherAssetDesc>Investment company</otherAssetDesc>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Franklin Retirement Advantage Plus Maturity Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003996</mgmtInvSeriesId>
        <mgmtInvLei>549300AN182Q48YYVB84</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS MATURITY FUND CLASS C" sharesOutstandingClassId="C000011149" sharesOutstandingTickerSymbol="PRMCX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS MATURITY FUND CLASS R6" sharesOutstandingClassId="C000174675" sharesOutstandingTickerSymbol="PREWX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS MATURITY FUND CLASS A" sharesOutstandingClassId="C000011147" sharesOutstandingTickerSymbol="PRMAX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS MATURITY FUND CLASS Y" sharesOutstandingClassId="C000011152" sharesOutstandingTickerSymbol="PRMYX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS MATURITY FUND CLASS R5" sharesOutstandingClassId="C000222436" sharesOutstandingTickerSymbol="PACQX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS MATURITY FUND CLASS R3" sharesOutstandingClassId="C000222434" sharesOutstandingTickerSymbol="PACKX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS MATURITY FUND CLASS R4" sharesOutstandingClassId="C000222435" sharesOutstandingTickerSymbol="PACPX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS MATURITY FUND CLASS R" sharesOutstandingClassId="C000011151" sharesOutstandingTickerSymbol="PRMKX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Fund of Funds</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Franklin Advisers, Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-26292</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000104517</investmentAdviserCrdNo>
            <investmentAdviserLei>B1CG1NRZIDDJ0DQEXB52</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Franklin Templeton Investment Management Limited</subAdviserName>
            <subAdviserFileNo>801-55170</subAdviserFileNo>
            <subAdviserCrdNo>000111360</subAdviserCrdNo>
            <subAdviserLei>MLH7B1BVFWXZVST01715</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
          <subAdviser>
            <subAdviserName>Putnam Investment Management, LLC  </subAdviserName>
            <subAdviserFileNo>801-7974</subAdviserFileNo>
            <subAdviserCrdNo>000106629</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <subAdviserRssdId>N/A</subAdviserRssdId>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-MA" subAdviserCountry="US"/>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.  </transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>LSEG US FIN CORP.</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.  </shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentRssdId>N/A</shareholderServiceAgentRssdId>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Franklin Templeton Services, LLC</adminName>
            <adminLei>549300DFD0POOJZ42788</adminLei>
            <adminStateCountry adminState="US-CA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Mischler Financial Group, Inc.</brokerName>
            <brokerFileNo>8-48067</brokerFileNo>
            <brokerCrdNo>000037818</brokerCrdNo>
            <brokerLei>2549004IPXPSM9EJFC92</brokerLei>
            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
            <grossCommission>15362.98000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Citadel Securities LLC</brokerName>
            <brokerFileNo>8-53574</brokerFileNo>
            <brokerCrdNo>000116797</brokerCrdNo>
            <brokerLei>12UUJYTN7D3SW8KCSG25</brokerLei>
            <brokerStateCountry brokerState="US-FL" brokerCountry="US"/>
            <grossCommission>7632.30000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Flow Traders U.S. Institutional Trading LLC</brokerName>
            <brokerFileNo>8-69711</brokerFileNo>
            <brokerCrdNo>000282266</brokerCrdNo>
            <brokerLei>549300H90VV8DK5UM624</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1611.18000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>70428.61000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Goldman Sachs &amp; Co. LLC</brokerName>
            <brokerFileNo>8-00129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>45299.43000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Old Mission Markets LLC</brokerName>
            <brokerFileNo>8-69691</brokerFileNo>
            <brokerCrdNo>000281867</brokerCrdNo>
            <brokerLei>5493003UFGIEMN1POL71</brokerLei>
            <brokerStateCountry brokerState="US-DE" brokerCountry="US"/>
            <grossCommission>540.39000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Susquehanna Financial Group, LLLP</brokerName>
            <brokerFileNo>8-44325</brokerFileNo>
            <brokerCrdNo>000035865</brokerCrdNo>
            <brokerLei>549300E8QX0ZMRDC2M81</brokerLei>
            <brokerStateCountry brokerState="US-PA" brokerCountry="US"/>
            <grossCommission>385.28000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jane Street Execution Services, LLC</brokerName>
            <brokerFileNo>8-69254</brokerFileNo>
            <brokerCrdNo>000167280</brokerCrdNo>
            <brokerLei>549300HXJLXCPDWAH070</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>33476.91000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>174737.08000000</aggregateCommission>
        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>637984620.15999997</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Bloomberg L.P.</liquidityName>
            <liquidityLei>549300B56MD0ZC402L06</liquidityLei>
            <liquidityStateCountry liquidityCountry="US" liquidityState="US-NY"/>
            <isAffiliatedPerson>N</isAffiliatedPerson>
            <assetClassType>Short-term investment vehicle</assetClassType>
            <assetClassType>Other</assetClassType>
            <otherAssetDesc>Investment company</otherAssetDesc>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Franklin Retirement Advantage Plus 2070 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000093658</mgmtInvSeriesId>
        <mgmtInvLei>2549004POMPMSBHTLQ90</mgmtInvLei>
        <isFirstFilingByFund>Y</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>8</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2070 FUND CLASS R3" sharesOutstandingClassId="C000262089" sharesOutstandingTickerSymbol="PAJTX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2070 FUND CLASS R" sharesOutstandingClassId="C000262088" sharesOutstandingTickerSymbol="PAJSX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2070 FUND CLASS R5" sharesOutstandingClassId="C000262093" sharesOutstandingTickerSymbol="PAJVX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2070 FUND CLASS R6" sharesOutstandingClassId="C000262091" sharesOutstandingTickerSymbol="PAJWX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2070 FUND CLASS A" sharesOutstandingClassId="C000262086" sharesOutstandingTickerSymbol="PAJOX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2070 FUND CLASS R4" sharesOutstandingClassId="C000262090" sharesOutstandingTickerSymbol="PAJUX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2070 FUND CLASS Y" sharesOutstandingClassId="C000262092" sharesOutstandingTickerSymbol="PAJYX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2070 FUND CLASS C" sharesOutstandingClassId="C000262087" sharesOutstandingTickerSymbol="PAJPX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Franklin Advisers, Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-26292</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000104517</investmentAdviserCrdNo>
            <investmentAdviserLei>B1CG1NRZIDDJ0DQEXB52</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
            <investmentAdviserHired isInvestmentAdviserHired="Y">
              <investmentAdviserStartDate>2025-08-01</investmentAdviserStartDate>
            </investmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investment Management, LLC  </subAdviserName>
            <subAdviserFileNo>801-7974</subAdviserFileNo>
            <subAdviserCrdNo>000106629</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <subAdviserRssdId>N/A</subAdviserRssdId>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-MA" subAdviserCountry="US"/>
            <subAdviserHired isSubAdviserHired="Y" subAdviserStartDate="2025-08-01"/>
          </subAdviser>
          <subAdviser>
            <subAdviserName>Franklin Templeton Investment Management Limited</subAdviserName>
            <subAdviserFileNo>801-55170</subAdviserFileNo>
            <subAdviserCrdNo>000111360</subAdviserCrdNo>
            <subAdviserLei>MLH7B1BVFWXZVST01715</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <subAdviserHired isSubAdviserHired="Y" subAdviserStartDate="2025-08-01"/>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.  </transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>Y</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>LSEG US FIN CORP.</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>Y</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>Y</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.  </shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentRssdId>N/A</shareholderServiceAgentRssdId>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>Y</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>Franklin Templeton Services, LLC</adminName>
            <adminLei>549300DFD0POOJZ42788</adminLei>
            <adminStateCountry adminState="US-CA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>Y</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>28.70000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Old Mission Markets LLC</brokerName>
            <brokerFileNo>8-69691</brokerFileNo>
            <brokerCrdNo>000281867</brokerCrdNo>
            <brokerLei>5493003UFGIEMN1POL71</brokerLei>
            <brokerStateCountry brokerState="US-DE" brokerCountry="US"/>
            <grossCommission>7.67000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Susquehanna Financial Group, LLLP</brokerName>
            <brokerFileNo>8-44325</brokerFileNo>
            <brokerCrdNo>000035865</brokerCrdNo>
            <brokerLei>549300E8QX0ZMRDC2M81</brokerLei>
            <brokerStateCountry brokerState="US-PA" brokerCountry="US"/>
            <grossCommission>1.70000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Goldman Sachs &amp; Co. LLC</brokerName>
            <brokerFileNo>8-00129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>123.47000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Citadel Securities LLC</brokerName>
            <brokerFileNo>8-53574</brokerFileNo>
            <brokerCrdNo>000116797</brokerCrdNo>
            <brokerLei>12UUJYTN7D3SW8KCSG25</brokerLei>
            <brokerStateCountry brokerState="US-FL" brokerCountry="US"/>
            <grossCommission>59.76000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Mischler Financial Group, Inc.</brokerName>
            <brokerFileNo>8-48067</brokerFileNo>
            <brokerCrdNo>000037818</brokerCrdNo>
            <brokerLei>2549004IPXPSM9EJFC92</brokerLei>
            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
            <grossCommission>82.97000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jane Street Execution Services, LLC</brokerName>
            <brokerFileNo>8-69254</brokerFileNo>
            <brokerCrdNo>000167280</brokerCrdNo>
            <brokerLei>549300HXJLXCPDWAH070</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>484.11000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Flow Traders U.S. Institutional Trading LLC</brokerName>
            <brokerFileNo>8-69711</brokerFileNo>
            <brokerCrdNo>000282266</brokerCrdNo>
            <brokerLei>549300H90VV8DK5UM624</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>11.68000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>800.06000000</aggregateCommission>
        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>1090319.89000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Bloomberg L.P.</liquidityName>
            <liquidityLei>549300B56MD0ZC402L06</liquidityLei>
            <liquidityStateCountry liquidityCountry="US" liquidityState="US-NY"/>
            <isAffiliatedPerson>N</isAffiliatedPerson>
            <assetClassType>Short-term investment vehicle</assetClassType>
            <assetClassType>Other</assetClassType>
            <otherAssetDesc>Investment company</otherAssetDesc>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Franklin Retirement Advantage Plus 2035 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000003999</mgmtInvSeriesId>
        <mgmtInvLei>549300TQ5SVY35N1VE77</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2035 FUND CLASS R4" sharesOutstandingClassId="C000222443" sharesOutstandingTickerSymbol="PADSX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2035 FUND CLASS R5" sharesOutstandingClassId="C000222444" sharesOutstandingTickerSymbol="PADVX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2035 FUND CLASS R" sharesOutstandingClassId="C000011169" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2035 FUND CLASS C" sharesOutstandingClassId="C000011167" sharesOutstandingTickerSymbol="N/A"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2035 FUND CLASS R6" sharesOutstandingClassId="C000174678" sharesOutstandingTickerSymbol="PREGX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2035 FUND CLASS R3" sharesOutstandingClassId="C000222445" sharesOutstandingTickerSymbol="PADUX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2035 FUND CLASS A" sharesOutstandingClassId="C000011165" sharesOutstandingTickerSymbol="PRRWX"/>
          <sharesOutstanding sharesOutstandingClassName="FRANKLIN RETIREMENT ADVANTAGE PLUS 2035 FUND CLASS Y" sharesOutstandingClassId="C000011170" sharesOutstandingTickerSymbol="PRRYX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Franklin Advisers, Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-26292</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000104517</investmentAdviserCrdNo>
            <investmentAdviserLei>B1CG1NRZIDDJ0DQEXB52</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Franklin Templeton Investment Management Limited</subAdviserName>
            <subAdviserFileNo>801-55170</subAdviserFileNo>
            <subAdviserCrdNo>000111360</subAdviserCrdNo>
            <subAdviserLei>MLH7B1BVFWXZVST01715</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
          <subAdviser>
            <subAdviserName>Putnam Investment Management, LLC  </subAdviserName>
            <subAdviserFileNo>801-7974</subAdviserFileNo>
            <subAdviserCrdNo>000106629</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <subAdviserRssdId>N/A</subAdviserRssdId>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-MA" subAdviserCountry="US"/>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.  </transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>LSEG US FIN CORP.</pricingServiceName>
            <pricingServiceLei>2138007FV67QQ13CGJ43</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>JPMorgan Chase Bank, N.A.</custodianName>
            <custodianLei>7H6GLXDRUGQFU57RNE97</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.  </shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentRssdId>N/A</shareholderServiceAgentRssdId>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Franklin Templeton Services, LLC</adminName>
            <adminLei>549300DFD0POOJZ42788</adminLei>
            <adminStateCountry adminState="US-CA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
          <admin>
            <adminName>JPMorgan Chase Bank, N.A.</adminName>
            <adminLei>7H6GLXDRUGQFU57RNE97</adminLei>
            <adminStateCountry adminState="US-NY" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>Y</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>31162.32000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Susquehanna Financial Group, LLLP</brokerName>
            <brokerFileNo>8-44325</brokerFileNo>
            <brokerCrdNo>000035865</brokerCrdNo>
            <brokerLei>549300E8QX0ZMRDC2M81</brokerLei>
            <brokerStateCountry brokerState="US-PA" brokerCountry="US"/>
            <grossCommission>901.31000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Mischler Financial Group, Inc.</brokerName>
            <brokerFileNo>8-48067</brokerFileNo>
            <brokerCrdNo>000037818</brokerCrdNo>
            <brokerLei>2549004IPXPSM9EJFC92</brokerLei>
            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
            <grossCommission>26324.89000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Flow Traders U.S. Institutional Trading LLC</brokerName>
            <brokerFileNo>8-69711</brokerFileNo>
            <brokerCrdNo>000282266</brokerCrdNo>
            <brokerLei>549300H90VV8DK5UM624</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>6518.40000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Goldman Sachs &amp; Co. LLC</brokerName>
            <brokerFileNo>8-00129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>33779.07000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Citadel Securities LLC</brokerName>
            <brokerFileNo>8-53574</brokerFileNo>
            <brokerCrdNo>000116797</brokerCrdNo>
            <brokerLei>12UUJYTN7D3SW8KCSG25</brokerLei>
            <brokerStateCountry brokerState="US-FL" brokerCountry="US"/>
            <grossCommission>21210.54000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Old Mission Markets LLC</brokerName>
            <brokerFileNo>8-69691</brokerFileNo>
            <brokerCrdNo>000281867</brokerCrdNo>
            <brokerLei>5493003UFGIEMN1POL71</brokerLei>
            <brokerStateCountry brokerState="US-DE" brokerCountry="US"/>
            <grossCommission>1206.92000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jane Street Execution Services, LLC</brokerName>
            <brokerFileNo>8-69254</brokerFileNo>
            <brokerCrdNo>000167280</brokerCrdNo>
            <brokerLei>549300HXJLXCPDWAH070</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>43764.03000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>164867.48000000</aggregateCommission>
        <principalAggregatePurchase>0.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>Y</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>395886157.11000001</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>Bloomberg L.P.</liquidityName>
            <liquidityLei>549300B56MD0ZC402L06</liquidityLei>
            <liquidityStateCountry liquidityCountry="US" liquidityState="US-NY"/>
            <isAffiliatedPerson>N</isAffiliatedPerson>
            <assetClassType>Other</assetClassType>
            <assetClassType>Short-term investment vehicle</assetClassType>
            <otherAssetDesc>Investment company</otherAssetDesc>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <attachmentsTab>
      <isLegalProceedings>false</isLegalProceedings>
      <isProvisionFinancialSupport>false</isProvisionFinancialSupport>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
      <isChangeAccPrinciples>false</isChangeAccPrinciples>
      <isInfoRequiredEO>false</isInfoRequiredEO>
      <isOtherInfoRequired>false</isOtherInfoRequired>
    </attachmentsTab>
    <signature registrantSignedName="Putnam Target Date Funds" signedDate="2026-07-31" signature="Monica Krogh" title="Assistant Treasurer"/>
  </formData>
</edgarSubmission>
