oTLCAP *SA
SUPPLEMENT DATED FEBRUARY 26, 1999
TO THE STATEMENT OF ADDITIONAL INFORMATION OF
TEMPLETON CAPITAL ACCUMULATOR FUND, INC.
dated January 1, 1999
The Statement of Additional Information is amended to replace the compensation
table in the section "Officers and Directors" with the following:
<TABLE>
<CAPTION>
Number of Boards
Total Fees in the Franklin
Total Fees Received from the Templeton Group
Received from Franklin Templeton of Funds on which
Name the Fund* Group of Funds** Each Serves***
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Harris J. Ashton.......................... $2,125 $361,157 49
Nicholas F. Brady......................... 2,125 140,975 21
S. Joseph Fortunato....................... 2,125 367,835 51
John Wm. Galbraith........................ 1,935 134,425 20
Andrew H. Hines, Jr....................... 2,135 208,075 22
Betty P. Krahmer.......................... 2,125 141,075 21
Gordon S. Macklin......................... 2,125 361,157 49
Fred R. Millsaps.......................... 2,135 210,075 22
</TABLE>
*For the fiscal year ended August 31, 1998.
**For the calendar year ended December 31, 1998.
***We base the number of boards on the number of registered investment companies
in the Franklin Templeton Group of Funds. This number does not include the total
number of series or funds within each investment company for which the Board
members are responsible. The Franklin Templeton Group of Funds currently
includes 54 registered investment companies, with approximately 168 U.S. based
funds or series.
Please keep this supplement for future reference.
