diff --git a/lib/contracts/code_templates/utils.js.ejs b/lib/contracts/code_templates/utils.js.ejs
index b88c7b37b..25bb65fd4 100644
--- a/lib/contracts/code_templates/utils.js.ejs
+++ b/lib/contracts/code_templates/utils.js.ejs
@@ -34,3 +34,20 @@ function __reduce(arr, memo, iteratee, cb) {
     });
   })(0, memo);
 };
+
+function __isNewWeb3_1() {
+  return (typeof(web3.version) === "string");
+};
+
+function __getAccounts(cb) {
+  if (__isNewWeb3_1()) {
+    web3.eth.getAccounts().then(function(accounts) {
+      cb(null, accounts);
+    }).catch(function(err) {
+      cb(err);
+    });
+    return;
+  }
+  web3.eth.getAccounts(cb);
+};
+
diff --git a/lib/contracts/code_templates/web3-connector.js.ejs b/lib/contracts/code_templates/web3-connector.js.ejs
index 4e61fb0fb..be3e33519 100644
--- a/lib/contracts/code_templates/web3-connector.js.ejs
+++ b/lib/contracts/code_templates/web3-connector.js.ejs
@@ -16,7 +16,7 @@ __reduce(<%- connectionList %>,function(prev, value, next) {
     return next(null, '');
   }
 
-  web3.eth.getAccounts(function(err, account) {
+  __getAccounts(function(err, account) {
     if (err) {
       next(null, true)
     } else {
@@ -24,7 +24,7 @@ __reduce(<%- connectionList %>,function(prev, value, next) {
     }
   });
 }, function(err, _result) {
-  web3.eth.getAccounts(function(err, accounts) {
+  __getAccounts(function(err, accounts) {
     web3.eth.defaultAccount = accounts[0];
     <%- done  %>
   });