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 08/31/04 (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:  October 21, 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, Galen G. Vetter, 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 08/31/04 (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:  October 21, 2004

                                    /s/GALEN G. VETTER

                                    Galen G. Vetter
                                    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.