<PAGE>
PAGE 1
000 A000000 02/28/98
000 C000000 0000869313
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 I000000 3.0
000 J000000 A
001 A000000 TEMPLETON CAPITAL ACCUMULATOR FUND, INC.
001 B000000 811-6198
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
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007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
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007 C010800 8
007 C010900 9
007 C011000 10
<PAGE>
PAGE 2
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 FRANKLIN TEMPLETON SERVICES, 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 33716
011 C040001 1205
012 A000001 FRANKLIN TEMPLETON INVESTOR SERVICES, INC.
012 B000001 84-00000
012 C010001 ST. PETERSBURG
012 C020001 FL
012 C030001 33716
012 C040001 1205
013 A000001 MCGLADREY & PULLEN, LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10017
013 B040001 2416
015 A000001 THE CHASE MANHATTTAN BANK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10081
015 E010001 X
015 A000002 THE CHASE MANHATTAN BANK
015 B000002 S
015 C010002 BUENOS AIRES
015 D010002 ARGENTINA
015 D020002 1061
015 E040002 X
015 A000003 THE CHASE MANHATTAN BANK
015 B000003 S
015 C010003 SYDNEY
015 D010003 AUSTRALIA
015 D020003 2000
015 E040003 X
015 A000004 CANADA TRUST
015 B000004 S
<PAGE>
PAGE 3
015 C010004 TORONTO
015 D010004 CANADA
015 D020004 M5J 2T2
015 E040004 X
015 A000005 CREDITANSTALT AG
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 BRUSSELS
015 D010007 BELGIUM
015 D020007 1000
015 E040007 X
015 A000008 BANCO CHASE MANHATTAN, S.A.
015 B000008 S
015 C010008 SAO PAULO
015 D010008 BRAZIL
015 D020008 SP 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
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015 A000010 THE BANK OF BERMUDA LTD
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015 A000012 DEN DANSKE BANK
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<PAGE>
PAGE 4
015 A000013 NATIONAL BANK OF EGYPT
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015 A000014 MERITA BANK LTD
015 B000014 S
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015 E040014 X
015 A000015 BANQUE PARIBAS
015 B000015 S
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015 A000017 BARCLAYS BANK OF GHANA LTD
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015 E040017 X
015 A000018 BARCLAYS BANK PLC
015 B000018 S
015 C010018 ATHENS
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015 E040018 X
015 A000019 THE CHASE MANHATTAN BANK
015 B000019 S
015 C010019 HONG KONG
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015 A000020 CITIBANK BUDAPEST RT.
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<PAGE>
PAGE 5
015 C010022 DUBLIN
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015 A000023 BANK LEUMI LE-ISRAEL B.M.
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015 A000024 BANQUE PARIBAS
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015 A000025 THE FUJI BANK LTD
015 B000025 S
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015 D010025 JAPAN
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015 A000026 THE CHASE MANHATTAN BANK
015 B000026 S
015 C010026 KUALA LUMPUR
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015 A000027 THE HONGKONG AND SHANGHAI BANKING CORP LTD
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015 A000028 THE CHASE MANHATTAN BANK, S.A.
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015 D010028 MEXICO
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015 A000029 BANQUE COMMERCIALE DU MAROC
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<PAGE>
PAGE 6
015 B000031 S
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015 A000032 DEN NORSKE BANK
015 B000032 S
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015 B000033 S
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015 A000034 THE HONGKONG AND SHANGHAI BANKING CORP LTD
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015 D010034 PHILIPPINES
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015 A000035 BANK HANDLOWY W. WARSZAWIE, S.A.
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015 E040036 X
015 A000037 THE HONGKONG AND SHANGHAI BANKING CORP LTD
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015 A000038 THE HONGKONG AND SHANGHAI BANKING CORP LTD
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<PAGE>
PAGE 7
015 B000040 S
015 C010040 BRATISLAVA
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015 A000041 THE STANDARD BANK OF SOUTH AFRICA LIMITED
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015 A000042 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000042 S
015 C010042 SEOUL
015 D010042 SOUTH KOREA
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015 A000043 THE CHASE MANHATTAN BANK
015 B000043 S
015 C010043 MADRID
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015 A000044 THE HONGKONG AND SHANGHAI BANKING CORP LTD
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015 D010044 SRI LANKA
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015 A000045 SKANDINAVISKA ENSKILDA BANKEN
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015 A000046 UNION BANK OF SWITZERLAND
015 B000046 S
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015 A000047 THE CHASE MANHATTAN BANK
015 B000047 S
015 C010047 BANGKOK
015 D010047 THAILAND
015 D020047 10500
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015 D020048 80700
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<PAGE>
PAGE 8
015 A000049 THE CHASE MANHATTAN BANK
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015 D010049 UNITED KINGDOM
015 D020049 E1 9YT
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015 A000050 THE FIRST NATIONAL BANK OF BOSTON
015 B000050 S
015 C010050 MONTEVIDEO
015 D010050 URUGUAY
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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
015 B000052 S
015 C010052 HARARE
015 D010052 ZIMBABWE
015 E040052 X
015 A000053 BANQUE GENERALE DU LUXEMBOURG S.A.
015 B000053 S
015 C010053 LUXEMBOURG
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015 A000054 FIRST CHICAGO CLEARING CENTRE
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015 C010054 LONDON
015 D010054 UNITED KINGDOM
015 D020054 EC3A 1AA
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015 A000055 BARCLAYS BANK OF BOTSWANA LIMITED
015 B000055 S
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015 D010055 BOTSWANA
015 E040055 X
015 A000056 BARCLAYS BANK OF KENYA
015 B000056 S
015 C010056 NAIROBI
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015 A000057 BARCLAYS BANK PLC
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015 A000058 DEUTSCHE BANK A.G.
<PAGE>
PAGE 9
015 B000058 S
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015 A000059 BARCLAYS BANK OF ZAMBIA
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015 C010059 LUSAKA
015 D010059 ZAMBIA
015 E040059 X
015 A000060 STANDARD BANK NAMIBIA LTD
015 B000060 S
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015 D010060 NAMIBIA
015 E040060 X
015 A000061 CHASE MANHATTAN BANK INTERNATIONAL (CMBI)
015 B000061 S
015 C010061 MOSCOW
015 D010061 RUSSIA
015 D020061 125047
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015 A000062 STANBIC BANK SWAZILAND LTD
015 B000062 S
015 C010062 MBABANE
015 D010062 SWAZILAND
015 E040062 X
015 A000063 CITIBANK, N.A.
015 B000063 S
015 C010063 QUITO
015 D010063 ECUADOR
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015 A000064 THE BRITISH BANK OF THE MIDDLE EAST
015 B000064 S
015 C010064 MUSCAT
015 D010064 OMAN
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015 A000065 THE BRITISH BANK OF THE MIDDLE EAST
015 B000065 S
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015 A000066 CEDEL BANK S.A.
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015 C010066 LUXEMBOURG
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015 A000067 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
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015 D020067 01
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<PAGE>
PAGE 10
015 A000068 THE BRITISH BANK OF THE MIDDLE EAST
015 B000068 S
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015 D010068 LEBANON
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015 A000069 THE HONGKONG AND SHANGHAI BANKING CORP LTD
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015 C010069 BOMBAY
015 D010069 INDIA
015 D020069 400 001
015 E040069 X
015 A000070 EUROCLEAR
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020 B000003 13-3410233
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020 A000004 FIRST BOSTON
020 B000004 13-5659485
020 C000004 7
020 A000005 ING BARING (US) SEC. INC.
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020 B000008 22-2347336
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020 A000010 TORONTO DOMINION BANK
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<PAGE>
PAGE 11
022 B000001 13-2633612
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<PAGE>
PAGE 12
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<PAGE>
PAGE 13
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<PAGE>
PAGE 14
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<PAGE>
PAGE 15
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<PAGE>
PAGE 16
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<PAGE>
PAGE 17
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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 FEBRUARY 28, 1998 SEMI-ANNUAL REPORT AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000869313
<NAME> TEMPLETON CAPITAL ACCUMULATOR FUND, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1998
<PERIOD-END> FEB-28-1998
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<TOTAL-ASSETS> 205309794
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<OVERDISTRIBUTION-GAINS> (324133)
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<EXPENSES-NET> (917446)
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3043950)
<DISTRIBUTIONS-OF-GAINS> (4703023)
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<ACCUMULATED-GAINS-PRIOR> 2215714
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (689468)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1004563)
<AVERAGE-NET-ASSETS> 185483526
<PER-SHARE-NAV-BEGIN> 10.97
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 0.67
<PER-SHARE-DIVIDEND> (0.19)
<PER-SHARE-DISTRIBUTIONS> (0.28)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.21
<EXPENSE-RATIO> 1.09<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1> EXPENSE RATIO INCLUDING WAIVER AND PAYMENTS BY AFFILIATES IS 1.00%
AND IS ANNUALIZED.
</FN>
</TABLE>
