o TLCAP SAI
SUPPLEMENT DATED DECEMBER 8, 1997
TO THE STATEMENT OF ADDITIONAL
INFORMATION OF
TEMPLETON CAPITAL
ACCUMULATOR FUND, INC.
DATED JANUARY 1, 1997
The Statement of Additional Information is amended to replace the second
paragraph under "How Do I Buy, Sell and Exchange Shares? - Additional
Information on Selling Shares" with the following paragraph:
SYSTEMATIC WITHDRAWAL PLAN. There are no service charges for establishing or
maintaining a systematic withdrawal plan. Once your plan is established, any
distributions paid by the Fund will be automatically reinvested in your account.
Payments under the plan will be made from the redemption of an equivalent amount
of shares in your account, generally on the 25th day of the month in which a
payment is scheduled. If the 25th falls on a weekend or holiday, we will process
the redemption on the next business day.
