EXHIBIT B(2)


                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
        02/29/04 (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:  April 23, 2004


                            /s/JIMMY D. GAMBILL
                            -----------------------
                            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, Diomedes  Loo-Tam,  Chief Financial  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
        02/29/04 (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:  April 23, 2004


                                        /s/DIOMEDES LOO-TAM
                                        -----------------------
                                        Diomedes Loo-Tam
                                        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.