PAGE 1
000 A000000 02/29/96
000 C000000 000000
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 TEMPLETON CAPITAL ACCUMULATOR FUND, INC.
001 B000000 811-6197
001 C000000 9545277591
002 A000000 500 EAST BROWARD BOULEVARD SUITE 2100
002 B000000 FT LAUDERDALE
002 C000000 FL
002 D010000 33394
002 D020000 3091
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 TEMPLETON INVESTMENT COUNSEL, INC.
008 B000001 A
008 C000001 801-15125
008 D010001 FT LAUDERDALE
008 D020001 FL
008 D030001 33394
008 D040001 3091
010 A000001 TEMPLETON GLOBAL INVESTORS INC.
010 C010001 FT LAUDERDALE
010 C020001 FL
010 C030001 33394
010 C040001 3091
011 A000001 FRANKLIN/TEMPLETON DISTRIBUTORS, INC.
011 B000001 8-00000
011 C010001 ST. PETERSBURG
011 C020001 FL
011 C030001 33701
011 C040001 3628
PAGE 2
012 A000001 FRANKLIN TEMPLETON INVESTOR SERVICES, INC.
012 B000001 84-00000
012 C010001 ST. PETERSBURG
012 C020001 FL
012 C030001 33701
012 C040001 3628
013 A000001 MC GLADREY & PULLEN, LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10017
013 B040001 2416
015 A000001 THE CHASE MANHATTTAN BANK, N.A.
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10081
015 E010001 X
015 A000002 CHASE MANHATTAN BANK, N.A.
015 B000002 S
015 C010002 BUENOS AIRES
015 D010002 ARGENTINA
015 D020002 1061
015 E040002 X
015 A000003 CHASE MANHATTAN BANK AUSTRALIA LTD
015 B000003 S
015 C010003 SYDNEY
015 D010003 AUSTRALIA
015 D020003 2000
015 E040003 X
015 A000004 RESERVE BANK
015 B000004 S
015 C010004 SYDNEY
015 D010004 AUSTRALIA
015 E040004 X
015 A000005 CREDITANSTALT - BANKVEREIN
015 B000005 S
015 C010005 VIENNA
015 D010005 AUSTRIA
015 D020005 A-1011
015 E040005 X
015 A000006 STANDARD CHARTERED BANK
015 B000006 S
015 C010006 DHAKA
015 D010006 BANGLADESH
015 D020006 1000
015 E040006 X
015 A000007 GENERALE BANK
015 B000007 S
015 C010007 BRUXELLES
015 D010007 BELGIUM
015 D020007 1000
PAGE 3
015 E040007 X
015 A000008 BANCO CHASE MANHATTTAN BANK, S.A.
015 B000008 S
015 C010008 SAO PAULO
015 D010008 BRAZIL
015 D020008 04719-002
015 E040008 X
015 A000009 THE ROYAL BANK OF CANADA
015 B000009 S
015 C010009 TORONTO
015 D010009 CANADA
015 D020009 M5J 2J5
015 E040009 X
015 A000010 CANADA TRUST
015 B000010 S
015 C010010 TORONTO
015 D010010 CANADA
015 D020010 M5J 2T2
015 E040010 X
015 A000011 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000011 S
015 C010011 PRAHA
015 D010011 CZECH REPUBLIC
015 D020011 1
015 E040011 X
015 A000012 DEN DANSKE BANK
015 B000012 S
015 C010012 COPENHAGEN
015 D010012 DENMARK
015 E040012 X
015 A000013 NATIONAL BANK OF EGYPT
015 B000013 S
015 C010013 CAIRO
015 D010013 EGYPT
015 E040013 X
015 A000014 MERITA BANK KOP
015 B000014 S
015 C010014 HELSINKI
015 D010014 FINLAND
015 D020014 00500
015 E040014 X
015 A000015 BANQUE PARIBAS
015 B000015 S
015 C010015 PARIS
015 D010015 FRANCE
015 D020015 75078
015 E040015 X
015 A000016 CHASE BANK, A.G.
015 B000016 S
015 C010016 FRANKFURT
015 D010016 GERMANY
PAGE 4
015 D020016 60441
015 E040016 X
015 A000017 BARCLAYS BANK OF GHANA
015 B000017 S
015 C010017 ACCRA
015 D010017 GHANA
015 E040017 X
015 A000018 BARCLAYS BANK PLC
015 B000018 S
015 C010018 ATHENS
015 D010018 GREECE
015 D020018 10562
015 E040018 X
015 A000019 CHASE MANHATTAN BANK, N.A.
015 B000019 S
015 C010019 CENTRAL
015 D010019 HONG KONG
015 E040019 X
015 A000020 CITIBANK BUDAPEST RT.
015 B000020 S
015 C010020 BUDAPEST
015 D010020 HUNGARY
015 D020020 1052
015 E040020 X
015 A000021 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000021 S
015 C010021 JAKARTA
015 D010021 INDONESIA
015 D020021 10023
015 E040021 X
015 A000022 BANK OF IRELAND
015 B000022 S
015 C010022 DUBLIN
015 D010022 IRELAND
015 D020022 1
015 E040022 X
015 A000023 BANK LEUMI LE-ISRAEL B.M.
015 B000023 S
015 C010023 TEL AVIV
015 D010023 ISRAEL
015 D020023 65136
015 E040023 X
015 A000024 THE CHASE MANHATTAN BANK, N.A.
015 B000024 S
015 C010024 MILAN
015 D010024 ITALY
015 D020024 20121
015 E040024 X
015 A000025 FUJI BANK
015 B000025 S
015 C010025 TOKYO
PAGE 5
015 D010025 JAPAN
015 D020025 100
015 E040025 X
015 A000026 THE CHASE MANHATTAN BANK, N.A.
015 B000026 S
015 C010026 KUALA LUMPUR
015 D010026 MALAYSIA
015 D020026 50250
015 E040026 X
015 A000027 THE HONGKONG AND SHANGHAI BANKING CORP. LTD
015 B000027 S
015 C010027 CUREPIPE
015 D010027 MAURITIUS
015 E040027 X
015 A000028 THE CHASE MANHATTAN BANK, S.A.
015 B000028 S
015 C010028 COL. LOMAS DE CHAP.
015 D010028 MEXICO
015 D020028 11000
015 E040028 X
015 A000029 BANQUE COMMERCIALE DU MAROC
015 B000029 S
015 C010029 CASABLANCA
015 D010029 MOROCCO
015 D020029 20000
015 E040029 X
015 A000030 ABN AMRO N.V.
015 B000030 S
015 C010030 DE BREDA
015 D010030 NETHERLANDS
015 D020030 4800
015 E040030 X
015 A000031 NATIONAL NOMINEES LIMITED
015 B000031 S
015 C010031 AUCKLAND
015 D010031 NEW ZEALAND
015 E040031 X
015 A000032 DEN NORSKE BANK
015 B000032 S
015 C010032 OSLO
015 D010032 NORWAY
015 D020032 1
015 E040032 X
015 A000033 CITIBANK, N.A.
015 B000033 S
015 C010033 LIMA
015 D010033 PERU
015 D020033 27
015 E040033 X
015 A000034 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000034 S
PAGE 6
015 C010034 MANILA
015 D010034 PHILIPPINES
015 E040034 X
015 A000035 BANK HANDLOWY W. WARSAWIE S.A.
015 B000035 S
015 C010035 WARSAW
015 D010035 POLAND
015 D020035 00-920
015 E040035 X
015 A000036 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B000036 S
015 C010036 LISBON
015 D010036 PORTUGAL
015 D020036 1200
015 E040036 X
015 A000037 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000037 S
015 C010037 SHANGHAI
015 D010037 CHINA
015 E040037 X
015 A000038 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000038 S
015 C010038 SHENZHEN
015 D010038 CHINA
015 E040038 X
015 A000039 THE CHASE MANHATTAN BANK, N.A.
015 B000039 S
015 C010039 SINGAPORE
015 D010039 SINGAPORE
015 D020039 0104
015 E040039 X
015 A000040 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B000040 S
015 C010040 BRATISLAVA
015 D010040 SLOVAK REPUBLIC
015 D020040 815 63
015 E040040 X
015 A000041 STANDARD BANK OF SOUTH AFRICA
015 B000041 S
015 C010041 JOHANNESBURG
015 D010041 SOUTH AFRICA
015 D020041 2001
015 E040041 X
015 A000042 THE HONGKONG AND SANGHAI BANKING CORP LTD
015 B000042 S
015 C010042 SEOUL
015 D010042 SOUTH KOREA
015 E040042 X
015 A000043 THE CHASE MANHATTAN BANK, N.A.
015 B000043 S
015 C010043 MADRID
PAGE 7
015 D010043 SPAIN
015 D020043 28042
015 E040043 X
015 A000044 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000044 S
015 C010044 COLOMBO
015 D010044 SRI LANKA
015 D020044 1
015 E040044 X
015 A000045 SKANDINAVISKA ENSKILDA BANKEN
015 B000045 S
015 C010045 STOCKHOLM
015 D010045 SWEDEN
015 D020045 S-106 40
015 E040045 X
015 A000046 UNION BANK OF SWITZERLAND
015 B000046 S
015 C010046 ZURICH
015 D010046 SWITZERLAND
015 D020046 8021
015 E040046 X
015 A000047 THNE CHASE MANHATTAN BANK, N.A.
015 B000047 S
015 C010047 BANGKOK
015 D010047 THAILAND
015 D020047 10500
015 E040047 X
015 A000048 THE CHASE MANHATTAN BANK, N.A.
015 B000048 S
015 C010048 ISTANBUL
015 D010048 TURKEY
015 D020048 80700
015 E040048 X
015 A000049 THE CHASE MANHATTAN BANK, N.A.
015 B000049 S
015 C010049 LONDON
015 D010049 UNITED KINGDOM
015 D020049 EC2P 2HD
015 E040049 X
015 A000050 THE FIRST NATIONAL BANK OF BOSTON
015 B000050 S
015 C010050 MONTEVIDEO
015 D010050 URUGUAY
015 E040050 X
015 A000051 CITIBANK N.A.
015 B000051 S
015 C010051 CARACAS
015 D010051 VENEZUELA
015 D020051 1010
015 E040051 X
015 A000052 BARCLAYS BANK OF ZIMBABWE
PAGE 8
015 B000052 S
015 C010052 HARARE
015 D010052 ZIMBABWE
015 E040052 X
015 A000053 CEDEL S.A.
015 B000053 S
015 C010053 LUXEMBOURG
015 D010053 LUXEMBOURG
015 E040053 X
015 A000054 FIRST CHICAGO CLEARING CENTRE
015 B000054 S
015 C010054 LONDON
015 D010054 UNITED KINGDOM
015 D020054 EC3A 1AA
015 E040054 X
015 A000055 BARCLAYS BANK OF BOTSWANA LTD
015 B000055 S
015 C010055 GABORONE
015 D010055 BOTSWANA
015 E040055 X
015 A000056 BARCLAYS BANK OF KENYA
015 B000056 S
015 C010056 NAIROBI
015 D010056 KENYA
015 E040056 X
015 A000057 DELETE
015 A000058 DEUTSCHE BANK
015 B000058 S
015 C010058 KARACHI
015 D010058 PAKISTAN
015 E040058 X
015 A000059 BARCLAYS BANK OF ZAMBIA
015 B000059 S
015 C010059 LUSAKA
015 D010059 ZAMBIA
015 E040059 X
018 000000 Y
019 A000000 Y
019 B000000 195
019 C000000 FRNKTEMGRP
020 A000001 KLEINWORT GRIEVSON
020 B000001 ENGLAND
020 C000001 6
020 A000002 P T MAKINDO
020 B000002 INDONESIA
020 C000002 5
020 A000003 UBS/PHILLIPS & DREW
020 B000003 13-2932996
020 C000003 4
020 A000004 FIRST BOSTON CORPORATION
020 B000004 13-5659485
PAGE 9
020 C000004 3
020 A000005 BARCLAYS DE ZOETE WEDD
020 B000005 13-3410233
020 C000005 3
020 A000006 CHEUVREUX DE VIRIEU-CARR
020 B000006 13-2927466
020 C000006 3
020 A000007 JAMES CAPEL INC.
020 B000007 52-1348224
020 C000007 3
020 A000008 C.J. LAWRENCE
020 B000008 13-2730828
020 C000008 3
020 A000009 MERRILL LYNCH,PIERCE,FENNER,& SMITH,INC.
020 B000009 13-5674085
020 C000009 2
020 A000010 SALOMON BROTHERS, INC.
020 B000010 13-3082694
020 C000010 2
021 000000 49
022 A000001 CHASE MANHATTAN BANK, N.A.
022 B000001 13-2633612
022 C000001 30294
022 D000001 8656
022 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000002 13-5674085
022 C000002 543
022 D000002 0
022 A000003 JEFFRIES & CO. INC.
022 B000003 95-2622900
022 C000003 268
022 D000003 0
022 A000004 FIRST BOSTON CORPORATION
022 B000004 13-5659485
022 C000004 177
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 31281
023 D000000 8656
024 000000 N
PAGE 10
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
028 A010000 2330
028 A020000 0
028 A030000 0
028 A040000 263
028 B010000 2554
028 B020000 1007
028 B030000 0
028 B040000 184
028 C010000 2503
028 C020000 0
028 C030000 0
028 C040000 281
028 D010000 2656
028 D020000 591
028 D030000 0
028 D040000 296
028 E010000 2819
028 E020000 0
028 E030000 0
028 E040000 586
028 F010000 2931
028 F020000 0
028 F030000 0
028 F040000 400
028 G010000 15793
028 G020000 1598
028 G030000 0
028 G040000 2010
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
PAGE 11
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 N
041 000000 N
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.750
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
PAGE 12
052 000000 N
053 A000000 Y
053 B000000 Y
053 C000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 Y
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 93.75
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 N
PAGE 13
066 D000000 Y
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 Y
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 15132
071 B000000 2404
071 C000000 68058
071 D000000 4
072 A000000 6
072 B000000 236
072 C000000 614
PAGE 14
072 D000000 0
072 E000000 0
072 F000000 282
072 G000000 56
072 H000000 0
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072 M000000 9
072 N000000 20
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072 P000000 0
072 Q000000 0
072 R000000 7
072 S000000 5
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 2
072 X000000 450
072 Y000000 74
072 Z000000 474
072AA000000 940
072BB000000 72
072CC010000 5235
072CC020000 0
072DD010000 1316
072DD020000 0
072EE000000 285
073 A010000 0.1500
073 A020000 0.0000
073 B000000 0.0300
073 C000000 0.0000
074 A000000 128
074 B000000 0
074 C000000 11483
074 D000000 1024
074 E000000 1710
074 F000000 78553
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 47
074 K000000 0
074 L000000 194
074 M000000 27
074 N000000 93166
074 O000000 7134
074 P000000 0
074 Q000000 0
PAGE 15
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 137
074 S000000 0
074 T000000 85895
074 U010000 10120
074 U020000 0
074 V010000 8.49
074 V020000 0.00
074 W000000 0.0000
074 X000000 23358
074 Y000000 0
075 A000000 0
075 B000000 75699
076 000000 0.00
077 A000000 N
080 C000000 0
081 B000000 0
082 B000000 0
083 B000000 0
084 B000000 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
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086 F010000 0
086 F020000 0
SIGNATURE /s/ JAMES R. BAIO
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
TEMPLETON CAPITAL ACCUMULATOR FUND, INC. FEBRUARY 29, 1996, SEMI-ANNUAL
REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1996
<PERIOD-END> FEB-29-1996
<INVESTMENTS-AT-COST> 79745407
<INVESTMENTS-AT-VALUE> 92770113
<RECEIVABLES> 267725
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 127970
<TOTAL-ASSETS> 93165808
<PAYABLE-FOR-SECURITIES> 7134254
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 136825
<TOTAL-LIABILITIES> 7271079
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 72163211
<SHARES-COMMON-STOCK> 10119984<F2>
<SHARES-COMMON-PRIOR> 4111171
<ACCUMULATED-NII-CURRENT> 176055
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 530757
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13024706
<NET-ASSETS> 85894729
<DIVIDEND-INCOME> 614278
<INTEREST-INCOME> 236389
<OTHER-INCOME> 0
<EXPENSES-NET> 376323
<NET-INVESTMENT-INCOME> 474344
<REALIZED-GAINS-CURRENT> 867755
<APPREC-INCREASE-CURRENT> 5234909
<NET-CHANGE-FROM-OPS> 6577008
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1315934
<DISTRIBUTIONS-OF-GAINS> 285372
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 970378
<NUMBER-OF-SHARES-REDEEMED> (122558)
<SHARES-REINVESTED> 101001
<NET-CHANGE-IN-ASSETS> 20357103
<ACCUMULATED-NII-PRIOR> 1017645
<ACCUMULATED-GAINS-PRIOR> (51626)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 282259
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 450201
<AVERAGE-NET-ASSETS> 75698775
<PER-SHARE-NAV-BEGIN> 7.97
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> .66
<PER-SHARE-DIVIDEND> (.15)
<PER-SHARE-DISTRIBUTIONS> (.03)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.49
<EXPENSE-RATIO> 1.00<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>THE EXPENSE RATIO PER THE TEMPLETON CAPITAL ACCUMULATOR FUND, INC. SEMI-
ANNUAL REPORT WITHOUT REIMBURSEMENT AT FEBRUARY 29, 1996 IS 1.19%.
<F2>5,059,992 SHARES OF COMMON STOCK ISSUED ON A 2-FOR-1 STOCK SPLIT.
</FN>
</TABLE>
