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  Institutional
Funds, Inc. (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
     12/31/03 (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:  February 23, 2004

/s/JIMMY D. GAMBILL
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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,  Kimberley  H.   Monasterio,   Chief  Financial   Officer  of  the  Templeton
Institutional  Funds, Inc. (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
     12/31/03 (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:  February 23, 2004

/s/KIMBERLEY H. MONASTERIO
- ------------------------------
Kimberley H. Monasterio
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.