EXHIBIT (B)(2)

                                CERTIFICATIONS


CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
AS ADOPTED PURUSANT TO SECTION 906
OF THE SARBANES-OXLEY ACT OF 2002

I, Jimmy  D. Gambill,  Chief Executive Officer of the Templeton  Capital
Accumulator Fund (the "Registrant"), certify, pursuant to 18 U.S.C. Section 1350
as adopted pursuant to Section 906 of the  Sarbanes-Oxley  Act of 2002, that, to
my knowledge:

     1. The periodic report on Form N-CSR of the Registrant for the period ended
        8/31/03 (the "Form N-CSR") fully  complies  with the  requirements  of
        Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

     2. The information contained  in the Form N-CSR fairly  presents, in all
        material respects, the financial condition and results of operations
        of the Registrant.

Dated:  October 15, 2003


/S/JIMMY D. GAMBILL
Chief Executive Officer - Finance and Administration


A signed  original of this written statement required by Section 906, or other
document authenticating, acknowledging, or otherwise adopting the signature that
appears in typed form within the  electronic  version of this written  statement
required by Section 906, has been provided to Registrant and will be retained by
Registrant and furnished to the Securities and Exchange  Commission or its staff
upon request.



CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
AS ADOPTED PURUSANT TO SECTION 906
OF THE SARBANES-OXLEY ACT OF 2002

I,  Bruce S. Rosenberg,  Chief Financial Officer of the  Templeton  Capital
Accummlator Fund (the "Registrant"), certify, pursuant to 18 U.S.C. Section 1350
as adopted pursuant to Section 906 of the  Sarbanes-Oxley  Act of 2002, that, to
my knowledge:

     1. The periodic report on Form N-CSR of the Registrant for the period ended
        8/31/03 (the "Form N-CSR") fully  complies  with the  requirements  of
        Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

     2. The  information contained in the Form N-CSR fairly  presents, in all
        material respects, the financial condition and results of operations
        of the Registrant.

Dated:  October 15, 2003

/S/BRUCE S. ROSENBERG
Treasurer and Chief Financial Officer


A signed  original of this written  statement  required by Section 906, or other
document authenticating, acknowledging, or otherwise adopting the signature that
appears in typed form within the  electronic  version of this written  statement
required by Section 906, has been provided to Registrant and will be retained by
Registrant and furnished to the Securities and Exchange  Commission or its staff
upon request.